Topic: [ANN][C2] Coin2 | POS | Official Thread | BF3 | BF4 | CS:GO | Chain of Conflict - page 8. (Read 484370 times)

this was a quite a nice distributional model and it is sad to see it crushed like this...

hopefully we can do something to get it up and going again.

You are welcome sir

Thanks nrigo, good to see a forward looking plan coming together.

The magic formulas going to change the Coin2 story forever


1. Coin2 effective supply = current supply - 10,000,000
The 10 Mil wallet from the Buy Back Program is controlled by the Dev Team and these coins are "locked" in the perspective of the Swap and Reverse Split project.

CM8ayfAHZPuJQ1NqF8KLhp874kcaCCUDBa

2. Coin2 value = capital / effective supply
The purpose of the capital will be to support the Coin2 value with crypto assets and with real assets later.

3. Coin2 Capital = cloud mining incomes + faucet incomes + referral programs incomes + various incomes
During the first step, we will essentially use Bitcoins and an altcoins portfolio as capital because we don't need to create a foundation to allow this.

Once we will be able to have sufficient funds, we will move forward with the creation of the foundation which will manage the capital with various investment tools.

4. Altcoins portfolio = free altcoins from faucets
The principle is to get altcoins for free and to sell them to a higher price later to increase the capital.
In example: getting 1 Mil Doge for free and selling them at 120s to get 1.2 BTC when the price hit a high.

A part of the altcoins portfolio can also be used as collateral for margin trading at Poloniex to diversify income sources.

5. Capital grow = active mining(capital) and investment(capital)
The main investment tool used for the capital grow will be Bitcoin mining with NiceHash which is allowing a profit from 5 to 10% once or many times a week.

We do not exclude other tools like trading, margin trading, ICO and investment programs like Bitconnect and HYPE in the future, however we have to maximize the profits and to minimize the risk to achieve the first step in a short time with minimal loss or without loss.

6. Community grow = incomes grow
If this project is able to attract more users and adopters, we will see a faster progression of the incomes because more people will use the faucets and the referral programs.

7. Implementation = new website + official faucet + new OP
Our domain coin2.org and the sub-domain faucet.coin2.org will be used to host the website and the faucet.

The faucet is required to attract some people with good Coin2 rewards and with some extra bonus for sharing the page using social medias.

One of the purpose of the website will be to explain the Coin2 project, to monitor the capital and to compute the Coin2 value in real time using APIs and programming.

We are looking for a web designer and for a programmer accepting to work on this project and both will be paid with a Coin2 bounty and lifetime royalties from the website incomes, from the Bitcoin faucets and from the altcoins sales. We need some people comfortable with all the crypto stuff, wallet, APIs, etc.

The Dev Team will manage the referral programs and the faucets accounts. It will also receive lifetime royalties from the incomes.

Note:
I will temporary use my forum signature to display the capital progression when it is grouped in a single transaction.

You can see the 0.01934513 BTC capital sent to NiceHash account today as deposit to the third BTC address: 3BJpbxbj9gXtnGX3AzhCinAgNjq9vdHqCc

Small changes cause the big ones

Have a nice week-end!

Update:
The faucets list is released: Coin2 faucets list

You are most likely right. The price is rather low and volumes are small so it would not make sense to attack.

But as we know, an attack would not be the first one in this coins history.

I saw the reorganize events in my debug log too, but there may not be as many.

I stopped my wallet, renamed the debug.log file and restarted the wallet to see what will happen in the next hours.

I know something similar may happen when a big wallet is staking because it has more weight than others, but I don't think it could be an attempt of attack.

We did not intend to stake the 10 Mil wallet because of the coin supply increase, however we could run the wallet to support the network if required.

I also did not have any problems with synchronizing nor staking, but there was a quite a lot of reorganize events in the chain. The reorgs were not only orphaning the blocks I myself managed to find but the anomaly was much bigger. The biggest reorg I saw was around 100 blocks. With that amount you could easily do double spend!

Lets hope that it's not happening anymore.

 

Hi Jalmari.

I didn't get this issue here. My wallet synchronized well and it is staking now.

Now it looks like that the reorgs have stopped. I hope that this was not an attack as this look a bit scary, I think:

There is something strange happening in the blockchain! Lots of re orgs and e.g all my staked coins are orphaned by blocks having timestamp 1h in the past. Is there anybody who could look what is going on?

Sorry for my late answer.

I had a hard week and I'm trying to solve many issues with Coin2 domains and email accounts because the hosting provider migrated some servers and changed the DNS settings.

1. The last Coin2 release is 2.1.3.1
2. You will find the interest rate in the OP (post number 2)
3. The profitability is the same in both case and the inputs are sometimes split by the wallet, especially if you have big transactions
4. You can probably do it if you are able to compile the source code, but staking 24 hours one or twice per month with a computer would be simplest for you.

Hi, I have a few questions  
I have more than 60k coins
Just a long download more than 30 minutes from my wallet and synchronization of several kilobytes

1 what's the latest version of the wallet?

2 what is the annual income from the content of coins in the wallet?

3 how profitable, one input or split coins into several equal parts?

4 you can use the minicomputer to PoS mining >>> Raspberry/Orange?

Thanks!!!

Thanks for the detailed response. Wishing you all the success for the future development and progress of Coin2. I will still keep holding onto my coins until the bright day arrives 

It is still alive on 3 exchanges and many markets: Yobit, Cryptopia and Novaexchange.

The long term project is to develop a new coin with a better technology and a supply decreased to 20 Mil with a reverse split. I released some news regarding this here:

https://bitcointalksearch.org/topic/m.21262676

I worked hard on the Bitcoin mining concept to increase my personal incomes and I will use the same model for Coin2. The incomes from the cloud mining contracts will be used to purchase some hashing power for Bitcoin mining at NiceHash when the price is low. It will increase the Coin2 capital of about 5% whenever possible to mine. It's going to start in about a week, after the next payout from Genesis Mining and after the monthly withdrawal at HashFlare.

The previous days I studied a system with higher remuneration using an other mining pool. The block reward is based on the scoring hash rate, a computed average of the hashing power. Each miner is paid regarding the power provided to the pool when a new block is found, instead of a number of shares. It is like a block hunt that requires a full time monitoring to mine continuously and it requires more capital to catch several blocks in a few time with a sufficient reserve to mine longer in case of bad estimation of the round duration.

It is possible to double or to triple the initial investment with a perfect timing, but it is more risked with a small capital. This could be a next step to increase the incomes for mining contracts upgrades, for future projects and to buy back some coins from the market. I will start this as soon as my experience will be sufficient to afford it.

Anything new happens with Coin2? I have been holding my stash since poloniex delisted this coin and I hope someone can revive this coin.

When we start swap?

The unlock button is still off because your wallet is not encrypted with a passphrase. Once encrypted the wallet will be locked and the button will be on.

You wallet is minting because Coin2 is a Proof of Stake coin. It generates earnings (new coins with a compounded interest) on your incoming transactions regarding the coins age.

my wallet finally get synced but unlock button is still off and there's some amount in 'stake'.
I don't know what it is. Can anyone explain it?

13 connections now.

Update regarding the cloud mining contracts: EMERGENCY UPGRADE!

Today the HashFlare SHA 256 contracts were upgraded twice.

I made a first 60 GH/s upgrade from 250 to 310 GH/s early in the morning with the incomes from the 1 TH/s contract.

Due to an industry-wide hardware deficit, Hashflare decided to change the contracts terms with a doubled price (from 120 to 240 USD per TH/s) and a limited duration from September 1^st. You can read the full announcement here.

Unfortunately the existing lifetime contracts were downgraded to a limited term of 1 year, then ours will expire on August 31 2018.

After reading the news, I decided to immediately sold the Bitcoin Cash balance from the BBP and to make an emergency upgrade of 690 GH/s a few hours before the price increase.

Genesis Mining is out of stock with SHA contracts since many weeks and they will probably release some similar news in the coming days. They published something in their blog today which looks like a pre-announcement regarding the SHA stock and the Bitcoin cash mining (bottom of this post).

From now, our total hashing power is 2 TH/s and I will keep you informed about the incomes in the next days.

My first tests of profitability with hashing power purchase and Bitcoin mining are very positive. I made 8% earnings Yesterday and it was my best result until now. The next step is to make further experimentation with Bitcoin cash mining during the next days.

I had a lot to learn because the principle of functioning of the NiceHash market is not easy to understand, but I can easy manage this for me and for Coin2 as well. Consequently I think it could be a very good source of incomes while reinvesting massively the capital and the earnings from the previous day while using a compound interest scheme to mine longer and to grow the capital almost daily.

It sounds really like a BTC machine and it may help to purchase lifetime pre-orders at Bitcoin.com to mine Bitcoin or Bitcoin Cash.

I will create the required accounts for Coin2 and I will start mining as soon as I have the minimal amount of 0.01 BTC.

Cheers !