Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 82. (Read 376780 times)

Can anybody explain how does the minting process works after the 21 days? After 21 Days still say 0% Probability...

 I need a Minting guide for Dummies since I've read a lot about minting in other sites but not sure even about the meaning of minting indeed.

Do I get extra coins after these 21 days?

How can I calculate how many Faircoins will I get?

what means staking?

Thanx a lot

how's it going Coopshares campaign, some stats ?  

Article about Coopshares in the p2p-f blog   
http://blog.p2pfoundation.net/faircoop-swarm-cryptoequity/2015/05/29

Si alguien quiere pasarme algun faircoin PM
pq bittrex no me ha àrecido mu clara. no me parecio muy estetica.

to be honest..i'm not quite understand the concept of POC and i felt a 1.5% POS is reasonable therefor is that neccessary for such a big change?

and...if it is really a need for a change,i would like to suggest dev team to take a look at the tech of vanillacoin see if it suitable for Faircoin:

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

CoinPP Project Announcement
 
What is Coin++?
 
It is a high performance C++11 cryptographic currency library that is not a clone of the original Satoshi codebase. It is 100% backwards compatible with Peercoin or any derived cryptographic currency.
 
What can I do with it?
 
You can build new cryptographic currencies or upgrade existing cryptographic currencies such as Peercoin or Blackcoin to a modern codebase.
 
What does this mean for Vanillacoin?
 
It will move away from the old Satoshi protocol altogether over a year long transition to a new modern, efficient and standardized communications protocol.
 
Will the current non-Coin++ blockchain still be compatible with the Coin++ code?
 
Yes.
 
Will switching to Coin++ require the coin to do a hard fork?
 
No.
 
Where can I find additional information and documentation on the project?

Jump on IRC and contact john-connor or PM for his BM adress.

Github and Announcement thread
 
https://github.com/john-connor/coinpp
 
https://talk.vanillacoin.net/topic/120/coinpp-coin-project/2
 
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------

there's a release date for FC2 ?  

Thanks Jack for the good explanation. I'd only add that we'll never reach the 1.5% reward phase, because there will be no minting (=staking ) any more in FairCoin 2.0.
See here: https://fair-coin.org/faircoin2.html

regs
Thomas

calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting

50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.


to calculate minting reward on age base:

yearly minting / 365 x age of transaction =  age base minting

50000 FAIR can mint after 21 days 86 FAIR





Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability, until you reach the maximum weight after 90 days.

Download and install the everything search engine. Run it, let it index your hard drive, then search for wallet.dat

Systematically try every wallet.dat file you find in your faircoin appdata folder until you ge the right one.

http://en.wikipedia.org/wiki/Everything_%28software%29

Everything is a proprietary freeware Windows desktop search engine that can rapidly find files and folders by name on an NTFS volume

faircoin wallet put its data folder to :

C:\Users\you user name\AppData\Roaming\FairCoin

inside you will find your wallet.dat

I think I moved the wallet.dat from the original destination and forgot which one it was. any help on how to localize the right one?

you are on the old blockchain, follow these instruction carefully:

https://fair-coin.org/faircoin-v1.5.0.html



and then download last wallet version

https://fair-coin.org/#wallet

v1.2.0.0-unk-beta   Windows 7

I'm getting this WARNING:

checkpoint is too old, wait for blockchain to download or notify devs.

wallet version and os ?

Is working fine where i am, 4 active connections just now

Hey can anybody tell me why I'm getting no active connections to the network?
wallet can't seem to be synching up.

How long do the withdrawals to Visa/Master card take?

Coinomat.com pioneered instant crypto to crypto exchange in 2013 and now also offers various crypto to fiat solutions to provide additional liquidity for supported cryptocurrencies. Coinomat was the first project to offer this and it will always remain our top priority.

Normally, to withdraw to a bank account you need someone to send you the funds from their local bank, so it can be a problem if there aren't many local exchanges happening. Traditionally, transfer costs are a hassle, can cost up to 3% of the amount and take 2-3 business days.

With Coinomat you can easily send funds to any Visa or Master card in the world instantly, with no wait time.





If you need to buy altcoins with bank transfers it can be a real problem and there arn't a lot of providers out there. We enable our users to load their Coinomat account with a bank transfer and buy any coin we support. To mitigate volatility effects, first the account is credited and only after that, a user can purchase the crypto of his choice.
Transfers from most countries are accepted (except for US)



We offer custom debit cards which can be loaded with cryptocurrency and work in ATM's all over the world. Card costs $40 and are delivered within a week after successful order (users need to provide Personal ID and Proof of residence). The card is not tied to a personal bank account and works more like stored value card. After the card is delivered, a user is able to load it from their Coinomat account.

Offering these services, we cover basically all major ways to buy and sell your crypto. Liquidity is what the cryptocurrency scene is lacking at the moment, and providing more fiat liquidity can be a great popularity booster for Bitshares.

There are other ways of selling, not only bittrex. You can sell to Bitbill, you can sell to fairtoearth, etc... and this dont create selling pressure in bittrex.
Also can be coins moved to bittrex but not sold. Could be people organizing their wallet...
Therefore comparing the rich list, is not a direct way to know who is selling in bittrex. The right way now that we have this tool is looking at the distribution list there.

Otherwise having buying orders in the bittrex order book means
- If the orders are very low, is only to help building the order book and means that are bitcoins inmovilized without other practical usefulness.
- If the orders are more close to the sells, this is making easier some one to dump. So its a good strategy if you want to buy faircoin at low cost, but if you want to help the faircoin growth is not so clear that is the better. Also it means having your funds in bittrex for a while.

- Otherwise having faircoins some  place in the sell order book is easier. because you can profit from the faircoin growht and have two problems, you are not staking, you depend of bittrex to acces your faircoin

Anyway, never the buy order book has been specially big in faircoin, i think because most people, and specially getfaircoin prefer buy now, than wait,
and anyway, faircoin price has been growing and growing. So it not is specially a problem. What create resistences mainly is the growth of sell orders at 30000.

This "one" is the global south fund
See this about this project:  https://fair.coop/fairfunds/

So, fair enough