[ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza - page 152.

Knathein

member

Activity: 103

Merit: 10

Here is the newest Private Message from Electra01:

Quote from: Electra01 on June 18, 2017, 07:48:27 PM

I'm happy to say the fix is ready but I will spend time testing it before it is released. If tests are successful, the fix can be released ahead of schedule (about Friday or Saturday).

The posts in the thread will only be proven wrong when I deliver.

So let's just sit tight and wait

I have high hopes for this coin and hope that it will grow after all the clunkiness gets solved

marimbadude

newbie

Activity: 48

Merit: 0

Quote from: GreenDefender on June 18, 2017, 02:25:01 PM

Quote from: Electra01 on June 14, 2017, 09:23:56 AM

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.

IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.

Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

unfortunetly, i sold my small pre bonanza earnings at Novaexchange as bonanza brings first coins ...

I do have a very small amount of coins in wallet, like 0.004 ECA, but I don't think that these coins matter much in terms of pushing the network.

GreenDefender

sr. member

Activity: 271

Merit: 250

Quote from: Electra01 on June 14, 2017, 09:23:56 AM

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.

IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.

Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

unfortunetly, i sold my small pre bonanza earnings at Novaexchange as bonanza brings first coins ...

micdvd85

sr. member

Activity: 312

Merit: 250

BAM

Quote from: ?? on ??

micdvd85 would you mind not speaking for me...

You know nothing about how i mined this coin.
How i had mined it for weeks before the superblocks, or how i was mining the superblocks direct to my wallet....

The simple fact is, the dev didnt think this through, probably from lack of experience....
I have left my wallet open many hours, but since it wont sync, not really a lot i can do to help....

I don't know if its a scam coin but its definitely broken and your not helping.
Anyway, lets see hope he can fix it, i doubt it makes much difference anymore to be honest....even if he gets it working i think we simply ended up with full wallets that no-one wants to trade....lets wait and see

Obviously you didn't read my post a page ago where I said 3-4 people have mined to their personal wallet... So you would be in that 3-4 people...

micdvd85

sr. member

Activity: 312

Merit: 250

BAM

As I originally said one page back, this happened because everyone mined directly from the pool to their Novaexchange addresses, not one person stopped to think "Oh hey, maybe I should deposit into my own person address so that when it switches to POS only, there will be something to stake." That is why there is only 2 wallets open, one being the exchange and one being mine, I was apparently the only one who saw this coming and made sure to make deposits into my own person wallet so that there would be something to stake and hopefully move the chain. Everyone only cares about their coins being in the exchange so they can sell them, and that mindset is why there isn't any stakeable coins to move the chain.

Knathein

member

Activity: 103

Merit: 10

Quote from: joder on June 17, 2017, 11:05:39 AM

This is a scam because:

https://cryptobe.com/chain/Electra
Days without any new block

https://novaexchange.com/market/BTC_ECA/
Someone wants to sell what he has several days ago

https://eca.acc-pool.pw/index.php?page=statistics&action=pool
There is no connection to see the following blocks in "General Statistics"

https://eca.acc-pool.pw/index.php?page=statistics&action=blocks
How many checks are missing for each block

The wallet only has two connections and never syncs since 2017-06-15

These nodes worked before:
Addnode = 139.162.166.112: 5817
Addnode = 158.129.230.143: 5817
Addnode = 192.52.167.131: 5817
Addnode = 217.77.59.45: 5817
Addnode = 5.9.73.100: 5817
Addnode = 52.41.97.84: 5817
Addnode = 78.164.100.196: 5817
Addnode = 78.46.142.25: 5817
Addnode = 82.211.31.215: 5817
Addnode = 88.99.249.223: 5817
Addnode = 94.23.102.99: 5817

https://bitcointalksearch.org/topic/anneca-electra-pos-30e-super-rewards-bonanza-1848351
User Electra01 does not mention anything since 3 days ago
User Knathein says he talks to dev, but there is no new or activated functionality

Finishing
Abandoned project

Man you are so salty that you have to create a brand new account and spam this thread???

SURELY, if you know how ANYTHING works, that changing things, coding/programming, etc, TAKES TIME... I mean... I don't know about you, but he isn't someone like Microsoft and Blizzard Entertainment that has 5000+ employees and can fix something in the blink of an eye. Surely, if you go out of your way to link several things, then copy and paste it in a double post, you would know that a 1 man team of a crypto coin would take some time and energy out of his day that he may have a full time job to fix something that went bad.

Right now it's still under work, I am sure that you would know that if you were to create a cryptocoin all by yourself, you would rather be focused on getting a problem fixed AND know that it would take a long time to fix if you are by yourself, right?

marimbadude

newbie

Activity: 48

Merit: 0

Quote from: Jaerin on June 17, 2017, 12:27:28 PM

Quote from: Anthrogic on June 17, 2017, 11:33:48 AM

Quote from: ?? on ??

scam

Don't see how you can call it a scam when nobody really 'lost' anything of value. It's a new coin.
We get it, you think he's a scammer, you don't need to repost 3 times to get your point across. So leave.

Ever think maybe he's *busy*?

People lost about 2 days of mining power into this super bonanza and ended up getting nothing at all in return. If the dev has a plan to fix it why does it take 2 weeks to implement?
It's
It's a scam because it was based on a failed premise of being #1 market cap based on the price of 45 coins turning into 20 billion without any kind of dilution of the market. It was just a gimmick to try and trick the market cap websites into acting like this coin is some how legit by manipulating a formula that the dev couldn't even understand.

The market cap thing was not the meta idea of the coin, as I understood. Correct me if I'm wrong.

I agree about the mining days, however I don't consider anything a loss yet. If dev will abandon Electra and the chain will be stuck forever with pool disappearing into the void then yes, it was a scam. Now it's just work in progress. Yes it takes a long time, it's not pleasant to see the block 1816 topping the block explorer (days after bonanza). But at the same time dev has nowhere to dump coins, the chain is still and the only scammy thing dev can possibly do is taking coins that are not worth anything much as well as poorly working blockchain, getting backlash from the community. So it's not worth it (in my opinion).

joder

newbie

Activity: 4

Merit: 0

And if for some reason did not have them, and it was a mistake the 1000000019 ECA, he has also mined 11,521 blocks so he must have more than 1000 ECA

joder

newbie

Activity: 4

Merit: 0

While a solution is found, the POS should be working.

Well it can not work because there are only two active nodes and the wallets never sync

The dev says there are not enough wallets with money.
Well he should create 100 accounts of windows or ubuntu and create each one a wallet. Deposit 1 ECA, synchronize, return master nodes and finally put them in POS mode

The dev has 1000000019 ECA in his wallet, obtained in block 3 of POW
https://cryptobe.com/chain/Electra?hi=19&count=20

Jaerin

full member

Activity: 154

Merit: 100

Quote from: Anthrogic on June 17, 2017, 11:33:48 AM

Quote from: ?? on ??

scam

Don't see how you can call it a scam when nobody really 'lost' anything of value. It's a new coin.
We get it, you think he's a scammer, you don't need to repost 3 times to get your point across. So leave.

Ever think maybe he's *busy*?

People lost about 2 days of mining power into this super bonanza and ended up getting nothing at all in return. If the dev has a plan to fix it why does it take 2 weeks to implement?

It's a scam because it was based on a failed premise of being #1 market cap based on the price of 45 coins turning into 20 billion without any kind of dilution of the market. It was just a gimmick to try and trick the market cap websites into acting like this coin is some how legit by manipulating a formula that the dev couldn't even understand.

Anthrogic

newbie

Activity: 45

Merit: 0

Quote from: ?? on ??

scam

Don't see how you can call it a scam when nobody really 'lost' anything of value. It's a new coin.
We get it, you think he's a scammer, you don't need to repost 3 times to get your point across. So leave.

Ever think maybe he's *busy*?

joder

newbie

Activity: 4

Merit: 0

This is a scam because:

https://cryptobe.com/chain/Electra
Days without any new block

https://novaexchange.com/market/BTC_ECA/
Someone wants to sell what he has several days ago

https://eca.acc-pool.pw/index.php?page=statistics&action=pool
There is no connection to see the following blocks in "General Statistics"

https://eca.acc-pool.pw/index.php?page=statistics&action=blocks
How many checks are missing for each block

The wallet only has two connections and never syncs since 2017-06-15

These nodes worked before:
Addnode = 139.162.166.112: 5817
Addnode = 158.129.230.143: 5817
Addnode = 192.52.167.131: 5817
Addnode = 217.77.59.45: 5817
Addnode = 5.9.73.100: 5817
Addnode = 52.41.97.84: 5817
Addnode = 78.164.100.196: 5817
Addnode = 78.46.142.25: 5817
Addnode = 82.211.31.215: 5817
Addnode = 88.99.249.223: 5817
Addnode = 94.23.102.99: 5817

https://bitcointalksearch.org/topic/anneca-electra-pos-30e-super-rewards-bonanza-1848351
User Electra01 does not mention anything since 3 days ago
User Knathein says he talks to dev, but there is no new or activated functionality

Finishing
Abandoned project

joder

newbie

Activity: 4

Merit: 0

This is a scam because:

http://Https://cryptobe.com/chain/Electra
Days without any new block

http://Https://novaexchange.com/market/BTC_ECA/
Someone wants to sell what he has several days ago

http://Https://eca.acc-pool.pw/index.php?page=statistics&action=pool
There is no connection to see the following blocks in "General Statistics"

http://Https://eca.acc-pool.pw/index.php?page=statistics&action=blocks
How many checks are missing for each block

The wallet only has two connections and never syncs since 2017-06-15

http://Https://bitcointalk.org/index.php?topic=1848351
User Electra01 does not mention anything since 3 days ago
User Knathein says he talks to dev, but there is no new or activated functionality

Finishing
Abandoned project

leosfidare

newbie

Activity: 34

Merit: 0

So... it was just another scam or we are getting something, I see nobody is commenting around anymore :C

achmadsutanto

copper member

Activity: 221

Merit: 0

I am glade to see this coin rising price in coinmarketcap today,
Good luck to you all

CryptobiTech

newbie

Activity: 7

Merit: 0

SUPER BONANZA WAS VERY COOL! Glad to be a part of it!!! Thanks and good luck.

marimbadude

newbie

Activity: 48

Merit: 0

Quote from: Knathein on June 15, 2017, 01:08:52 PM

Quote from: marimbadude on June 15, 2017, 11:35:31 AM

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.

Quote from: tsik on June 15, 2017, 07:59:39 AM

Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.

I have been in contact with Electra01 the dev, He said that "I have realized at the current state, since a hard fork requires the blocks to progress, which they can't, this approach won't work." and as a result of that, as of right now it seems like he is going to re-enable POW mining for a while with 0 block rewards, and encourage people to create multiple staking addresses so when the POS switch does happen again, everyone with all the millions of coins will be staking dozens of times per day. He states that the ETA on that is 1 to 2 weeks, no ECA will be lost in this process, everyone just hops on the network again and mine until the "Bonanza" stage gets through.

I will try to keep updated as well and see if we can't get the "ETA" sooner.

Hope this helps

EDIT: Another thing I forgot to mention is he was also playing with the idea of when it goes to the POS stage again, making the stake times between 10 and 60 minutes, so that way it will truly be "dozens" of times per day each address that is staked across the network. This is all of the updated information that I have so far for now, but I will talk to him and see if he can't give an update from himself/post something on the OP. As I can tell though he is trying to work out the kinks as hard as he can.

Glad to hear that, thanks!

Knathein

member

Activity: 103

Merit: 10

Quote from: marimbadude on June 15, 2017, 11:35:31 AM

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.

Quote from: tsik on June 15, 2017, 07:59:39 AM

Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.

I have been in contact with Electra01 the dev, He said that "I have realized at the current state, since a hard fork requires the blocks to progress, which they can't, this approach won't work." and as a result of that, as of right now it seems like he is going to re-enable POW mining for a while with 0 block rewards, and encourage people to create multiple staking addresses so when the POS switch does happen again, everyone with all the millions of coins will be staking dozens of times per day. He states that the ETA on that is 1 to 2 weeks, no ECA will be lost in this process, everyone just hops on the network again and mine until the "Bonanza" stage gets through.

I will try to keep updated as well and see if we can't get the "ETA" sooner.

Hope this helps

EDIT: Another thing I forgot to mention is he was also playing with the idea of when it goes to the POS stage again, making the stake times between 10 and 60 minutes, so that way it will truly be "dozens" of times per day each address that is staked across the network. This is all of the updated information that I have so far for now, but I will talk to him and see if he can't give an update from himself/post something on the OP. As I can tell though he is trying to work out the kinks as hard as he can.

marimbadude

newbie

Activity: 48

Merit: 0

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.

tsik

member

Activity: 115

Merit: 10

Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.

Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza - page 152. (Read 144299 times)