Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza - page 81. (Read 144299 times)

About the down time ,
Time : 2018-01-19

First let us explain what is coinsmarkets , we are based on 2 investor , 1 admin , 1 coder , 2 senior support and 4 general support .

In November last year 1 of senior support left the team , It is hard enough to hire a new one , this work is based on a lot of trust , so we still waiting for correct condidat .

 

Now let's move to the issue , in December we experienced a lot of new users and huge volume , we were ready for double or even triple volume but in our case it was 10x +.

From here all kind of problem start with servers ,

Now add to that the last senior support remaining have some family issue and was forced to be off  most of the time .

In addition to all that there was some db corruption issue we faced due to the overload and later hosting issue.

 

So a lot of work to do with a lot of missing stuff.

 

Please understand that in exchange you can't just go and hire someone and trust him millions of dollars .

 

We are sorry for lack of comunication about issue we have thought that people already trust us enough , and we invested 100% of time in restoring the site .

 

Now issue with hosting , hosting complained about a lot of fraud report from users about our service . We find this really hard to explain , it is clear that not even a single coin has moved from our wallets , and once again we are here to stay ,

We have not even released 10% of our road map , there is a lot of new future to be added in the nearest future.

 

A week ago we started negoation with new host that can accept similar service , we initiated the move ,

The Database was fixed yesterday night .

 

Now remain to setup new servers , few fix here and there and service will be restored ,

 

We write our news only in coinsmarkets news section , any twitter , chat msg etc is a scam ,

Again Official Coinsmarkets message are written only in coinsmarkets news section .

my guess is that to stake at all, your wallet needs a weight of ca. 80 Million coin days, to come close, as long as the network weight is >100 Billion. With 20 k coins, this would likely take ca. 4000 days, or roughly 11 years...   One million in one block should stake every 2 - 3 months... If the Million is split in to smaller amounts, you might stake more frequent (as the weight doesn't drop much after each stake) - but those will be small rewards only, and on average be slower, so you would loose out on compound interest.


You could probably have near to daily stakes with one million only if you cut it in many small inputs of around 30-40 k each. But the initial wait would probably near 3 months, and the daily rewards would be very small... For 300 k my guess would be 6 - 8 months until you reach first reward.

Almost daily staking, that doesn't slow reward down for everyone, would require at least 20 inputs of at least 2 Million each, so a total wallet size of >40 Mio

Not all ECA and not only ECA. Please remember about these people who wanted to invest their BTC or LTC into ECA on coinsmarkets.

Not all ECA and not only ECA. Please remember about these people who wanted to invest their BTC or LTC into ECA on coinsmarkets.

Dont cut - one big transaction stake faster.

my guess is that to stake at all, your wallet needs a weight of ca. 80 Million coin days, to come close, as long as the network weight is >100 Billion. With 20 k coins, this would likely take ca. 4000 days, or roughly 11 years...   One million in one block should stake every 2 - 3 months... If the Million is split in to smaller amounts, you might stake more frequent (as the weight doesn't drop much after each stake) - but those will be small rewards only, and on average be slower, so you would loose out on compound interest.


You could probably have near to daily stakes with one million only if you cut it in many small inputs of around 30-40 k each. But the initial wait would probably near 3 months, and the daily rewards would be very small... For 300 k my guess would be 6 - 8 months until you reach first reward.

Almost daily staking, that doesn't slow reward down for everyone, would require at least 20 inputs of at least 2 Million each, so a total wallet size of >40 Mio

All ECA stuck in CoinsMarkets. And a bunch of kiddies crying for "authorities" to step in. What should these "authorities" do, other than potentially confiscate all business assets including all coins. We've seen it with MtGox. Nobody has seen any coins back in years. Hope they can get their servers up running again. But hosting is probably not the right solution for this, they need real servers in a real datacenter.

Thanks for the response! What would you think would be the minimum stake? I was lead to believe that this would be enough, but obviously not.

I think you will have to hold atleast 1M tokens if you want to get stakes daily. Otherwise start with 300K but it will take some time for you get stakes.

Thanks for the response! What would you think would be the minimum stake? I was lead to believe that this would be enough, but obviously not.

Sorry, but with the actual network weight, and almost 20 Billion coins likely staking, 20K is far to little to expect reward in any reasonable time - you might have a look at the guess that is shown when you pull your mouse over the green arrow - while the time decreases fast in the first few days, (and can go up sometimes, if more people take their wallets online) - it will probably take longer than indicated  with a relative small amount, when you have been staking for more than 10 days... / there is a possibilty, that, without changing the rules, 20 k on their own will never hit a block before max supply is reached.

Hi there,

Sorry if this question has been asked before, but how long before we see rewards from staking? I've had 20K ECA in my wallet for 12 days now and no rewards. If it is a product of so many coins being locked up in CM, that's fine, I'll just wait.

Cheers,

Andrew

Ppl just losing their faith because of the time spent waiting for the something new from CM devs.
But that's normal. If CM and devs wanted to run out with your cryptocurrency than they wouldn't lose time for the work and statements.