[ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 309.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: IncludeBeer on May 07, 2016, 02:59:49 PM

Quote from: bones261 on May 07, 2016, 02:56:22 PM

Quote from: IncludeBeer on May 07, 2016, 02:47:07 PM

If my ticket has been picked and I get my reward, how is that sent to my wallet? Does it happen automatically, or is there something I need to do to get my PoS rewards? Thanks!

I happens automatically. However, it usually takes a day before the coins become spendable. If you have your wallet set to purchase tickets automatically, you may never get to spend the bulk of them unless you adjust your settings.

Nice, thanks! Out of curiosity though, the PoS pool shows me a "Redeem Script". What is that for?

The redeem script is the private key that you need to import into your local wallet. You do need to do this once before you can redeem any of your rewards, so the answer that I gave you previously, does not totally apply. However, once you import in your wallet, it will be automatic from there.

IncludeBeer

legendary

Activity: 1164

Merit: 1010

Quote from: bones261 on May 07, 2016, 02:56:22 PM

Quote from: IncludeBeer on May 07, 2016, 02:47:07 PM

If my ticket has been picked and I get my reward, how is that sent to my wallet? Does it happen automatically, or is there something I need to do to get my PoS rewards? Thanks!

I happens automatically. However, it usually takes a day before the coins become spendable. If you have your wallet set to purchase tickets automatically, you may never get to spend the bulk of them unless you adjust your settings.

Nice, thanks! Out of curiosity though, the PoS pool shows me a "Redeem Script". What is that for?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: IncludeBeer on May 07, 2016, 02:47:07 PM

If my ticket has been picked and I get my reward, how is that sent to my wallet? Does it happen automatically, or is there something I need to do to get my PoS rewards? Thanks!

I happens automatically. However, it usually takes a day before the coins become spendable. If you have your wallet set to purchase tickets automatically, you may never get to spend the bulk of them unless you adjust your settings.

IncludeBeer

legendary

Activity: 1164

Merit: 1010

If my ticket has been picked and I get my reward, how is that sent to my wallet? Does it happen automatically, or is there something I need to do to get my PoS rewards? Thanks!

pokeytex

legendary

Activity: 1504

Merit: 1002

Does anyone have a FPGA bitstream for the Cairnsmore1 Spartan 6 units? I will donate for it. Please PM me.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: Finksy on May 05, 2016, 01:35:43 PM

You know you can purchase hosting for <$0.10 US/kWh right? Why in the hell would you attempt to mine anything let alone own a fridge @ €0.24/kW? That is absurd, and certainly not grounds to discourage others from mining DCR based on your ridiculous rates...

The same calculations based on a typical North American rate of $0.10/kWh would net you $33/month in revenue using the same hardware.

no because usually those that put their hashrate for renting want the same profit they would get if they mine the coin, which is the same as your minus their electricity, which is cheap, so they basically want more than what you will earn with your rig

so it's useless to rent, unless you do it for speculation...and hosting is not feasible if he is not in the usa..

myagui

legendary

Activity: 1154

Merit: 1001

Quote from: Finksy on May 05, 2016, 01:35:43 PM

You know you can purchase hosting for <$0.10 US/kWh right? [...]

@Finksy: Would you happen to know if such a service exists in Europe, apart from the traditional hosting/colocation providers? Cheers!

Finksy

legendary

Activity: 1022

Merit: 1003

You know you can purchase hosting for <$0.10 US/kWh right? Why in the hell would you attempt to mine anything let alone own a fridge @ €0.24/kW? That is absurd, and certainly not grounds to discourage others from mining DCR based on your ridiculous rates...

The same calculations based on a typical North American rate of $0.10/kWh would net you $33/month in revenue using the same hardware.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: ilia7777 on May 04, 2016, 11:07:35 AM

Quote from: 1337leet on April 29, 2016, 06:54:08 PM

Quote from: jwinterm on April 29, 2016, 06:33:02 PM

Quote from: coralreefer on April 29, 2016, 05:54:11 PM

Quote from: freeapp on April 29, 2016, 04:43:46 PM

wow 10th/s network hashrate..

Seems like there is quite a bit of interest in DCR...hashrate keeps climbing.

It's almost the most profitable coin to mine, and now that there is the dualminer with ETH, which is the most profitable coin to mine, it makes sense that hashrate would rise. I wouldn't necessarily expect price to rise though, more likely to drop as farms and stuff dual-mine and dump.

At this price and that diff. it isn't even capable of covering the energy bill.

I got 5 GH/s at 1.000 Watt.

1 KW = 0,24€

1*24*30*0,24 = 172,80€ Energy costs

Outcome = 2,5 DCR / day

2,5*30*0,0035 = 0,2625 BTC / month

1 BTC = 400€

400*0,2625 = 105 € revenue

172,80 - 105 = 67,80€ loss / month

Completely different picture over here. Residential electricity 0.05 cents US. Commercial below 3 cents. So it is profitable and Decred will see some hashing power coming from Eastern Europe.

not to mention that 5 giga for 1kw is wrong as fuck, i have 4.5 giga for 500w, so at 1kw, is 9 giga and not 5 = 45% more = 150 in revenue vs 170, still in loss, but not like his case

in fact ethereum is much more profitable, 240 euro per month for 700w per hour = 240 euro vs 130 euro = net of 110

Penttikuisma

full member

Activity: 157

Merit: 100

Quote from: kahir on May 04, 2016, 10:00:44 PM

I haven't been following dcr for some time now ... is the GUI windows wallet out there ... if yes does it support the staking feature

Native GUI wallet is coming soon, i think. It's already in testnet phase. In the meantime use browser-wallet "https://wallet.decred.org/"
I can't imagine a wallet would be easier to use than that. You can also make paper wallet, simply print the wallet seed to paper and use watch-only copy to checking balance, if you need to store that on computer.

If you want to stake, there's all you need: "https://wiki.decred.org/Solo_Stake_Mining" hardest part is to keep wallet online all the time. (power failures, connection failures)

danel

full member

Activity: 217

Merit: 100

Quote from: kahir on May 04, 2016, 10:00:44 PM

I haven't been following dcr for some time now ... is the GUI windows wallet out there ... if yes does it support the staking feature

Quote from: _ingsoc on May 04, 2016, 05:19:38 AM

RFP-1 is progressing. A bit slower than people would like, but it's happening. Lots of improvements rolling into the software under the hood, which isn't always that visible, but it means once the GUI wallet is slapped on top of it, it'll likely be a much better user experience. By that time, Decred should have a number of mainnet stake pools ready and operational as well, which would move everyone closer to the important goal of decentralised voting.

kahir

legendary

Activity: 1050

Merit: 1000

I haven't been following dcr for some time now ... is the GUI windows wallet out there ... if yes does it support the staking feature

cohnhead

hero member

Activity: 840

Merit: 1000

Quote from: frostminer on May 04, 2016, 05:40:51 PM

Quote from: Altcoin11 on May 04, 2016, 05:36:18 PM

Quote from: Praxis on May 04, 2016, 05:23:49 PM

Quote from: magalhanze on May 04, 2016, 11:55:27 AM

anyone else experiencing issues on yobit?

i have 80 dcr withdraw stuck for 2 days now...

Have you tried contacting Yobit? Open a ticket?

LOL that's a good one. They do not care.

The forum if filling up with yobit complaints..

They've never responded to any of mine either.
And wallets are forever on "maintainance" .. which seems to mean "out of sync and we are too lazy to fix"

did they ban you over there...
they seem to disable wallets that are functional everywhere else.
and of course not respond to tickets

frostminer

hero member

Activity: 742

Merit: 505

Quote from: Altcoin11 on May 04, 2016, 05:36:18 PM

Quote from: Praxis on May 04, 2016, 05:23:49 PM

Quote from: magalhanze on May 04, 2016, 11:55:27 AM

anyone else experiencing issues on yobit?

i have 80 dcr withdraw stuck for 2 days now...

Have you tried contacting Yobit? Open a ticket?

LOL that's a good one. They do not care.

The forum if filling up with yobit complaints..

They've never responded to any of mine either.
And wallets are forever on "maintainance" .. which seems to mean "out of sync and we are too lazy to fix"

Altcoin11

full member

Activity: 168

Merit: 100

Quote from: Praxis on May 04, 2016, 05:23:49 PM

Quote from: magalhanze on May 04, 2016, 11:55:27 AM

anyone else experiencing issues on yobit?

i have 80 dcr withdraw stuck for 2 days now...

Have you tried contacting Yobit? Open a ticket?

LOL that's a good one. They do not care.

Praxis

legendary

Activity: 1118

Merit: 1004

Quote from: magalhanze on May 04, 2016, 11:55:27 AM

anyone else experiencing issues on yobit?

i have 80 dcr withdraw stuck for 2 days now...

Have you tried contacting Yobit? Open a ticket?

magalhanze

sr. member

Activity: 368

Merit: 250

anyone else experiencing issues on yobit?

i have 80 dcr withdraw stuck for 2 days now...

ilia7777

newbie

Activity: 39

Merit: 0

Quote from: 1337leet on April 29, 2016, 06:54:08 PM

Quote from: jwinterm on April 29, 2016, 06:33:02 PM

Quote from: coralreefer on April 29, 2016, 05:54:11 PM

Quote from: freeapp on April 29, 2016, 04:43:46 PM

wow 10th/s network hashrate..

Seems like there is quite a bit of interest in DCR...hashrate keeps climbing.

It's almost the most profitable coin to mine, and now that there is the dualminer with ETH, which is the most profitable coin to mine, it makes sense that hashrate would rise. I wouldn't necessarily expect price to rise though, more likely to drop as farms and stuff dual-mine and dump.

At this price and that diff. it isn't even capable of covering the energy bill.

I got 5 GH/s at 1.000 Watt.

1 KW = 0,24€

1*24*30*0,24 = 172,80€ Energy costs

Outcome = 2,5 DCR / day

2,5*30*0,0035 = 0,2625 BTC / month

1 BTC = 400€

400*0,2625 = 105 € revenue

172,80 - 105 = 67,80€ loss / month

Completely different picture over here. Residential electricity 0.05 cents US. Commercial below 3 cents. So it is profitable and Decred will see some hashing power coming from Eastern Europe.

ilia7777

newbie

Activity: 39

Merit: 0

Quote from: Patrice7 on April 29, 2016, 05:10:18 PM

Quote from: ilia7777 on April 29, 2016, 04:13:25 AM

That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.

I have to agree with myagui on this one. It wouldn't be difficult to hire your own blockchain specialist. The real question I have would be why?

From your statements it sounds like you want a private blockchain in addition to a permissioned one. What would a blockchain do for your industry that a database doesn't? Unless it is going to interact with another public chain such as bitcoin, decred, or even ethereum.

Regarding hiring blockchain specialist I've already started these discussions. With regards to the use of the blockchain for our industry. It is actually perfect we have tones of compliance related stuff for each and every money transfer occuring. Plus compliance on each and every partner that we do and we have more than 500 partners worldwide. Everybody is collecting their own copy of the same info, everybody is driving each other crazy to get the documents apostilled by the govt to verify that they are indeed original. I can go on and on. Blockchain is perfect solution. When it comes to the actual money transfer bypassing SWIFT and regular financial system altogether is also great idea to make it all cheaper. Collecting passports of the sender and recipient on the blockchain for every stakeholder to see is also very useful.

ilia7777

newbie

Activity: 39

Merit: 0

Quote from: Gillette on April 29, 2016, 08:26:57 AM

Quote from: ilia7777 on April 29, 2016, 04:13:25 AM

That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.

It` clear that there is no biz plan for Decred. Do you have one to offer? Or do you have any ideas?

Why don't we let the public decide what to use public Decred blockchain for. When it comes to our company or any company in money transfer business in the world the chances of using unpermissioned blockchain for its business activities are zero. That is unfortunate reality I repeat.

Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 309. (Read 1201695 times)