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Topic: [ANN][GRE] GreenCoin - A Blockchain-Based Social Carbon Ecosystem - page 36. (Read 80468 times)

sr. member
Activity: 532
Merit: 250
guys it is wallet correct for work

 "version" : "v2.2.0.0-ge1d17f0-CO2X2",
    "protocolversion" : 70004,
    "walletversion" : 60002,
    "encrypted" : false,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 716,
    "moneysupply" : 14821.20000000,
    "connections" : 4,
    "proxy" : "",
    "ip" : "*.*.*.*",
    "difficulty" : 1.14587705,
    "testnet" : false,
    "keypoololdest" : 1425112555,
    "keypoolsize" : 103,
    "paytxfee" : 0.00000100,
    "mininput" : 0.00000100,
    "errors" : ""
hero member
Activity: 579
Merit: 500
CoinQuacker
Do we need to change to the new coin wallet address in profile page instead of the GRE address now?
Also tell us how to convert GRE to new coin?

no, for now it is still all GRE
sr. member
Activity: 434
Merit: 250
Good to see you sticking at it Chris :-) I've had my best solar day of the year today, looking forward to a nice payout tomorrow ;-)
hero member
Activity: 579
Merit: 500
CoinQuacker
I'd like to see the new coin getting going, moving to merged on GRE killed the value of the coin. The addition of PoS I think was a good move.

Yeah, I kinda have to agree on this but will add that it was a smart move cutting the supply!

My vote's definitely in for the new coin as well.

Sent ya 2 mil to donation addy Chris......another mill from me and a mil from moms.

Ultimately both nugget and I agree with this assessment. He's doing a little bit more of a deep dive on the code to sluice out some technical elements that did not operate correctly on this past launch. In the meantime I'll continue to pay out "full" GreenCoin (donating in the extra as needed) with the price at 1 satoshi it is no big deal, and will try to add some producers with the coin as is. Thanks for the donation, Jim, that always helps me too.

The OP has been reverted back to information and links on GreenCoin only for now.
hero member
Activity: 579
Merit: 500
CoinQuacker
Dev still calling new coin logo for BTC0.15? Maybe I can help  Cheesy
Can pay 0.05 for some ideas and 0.1 if we end up using it (feel free to PM)
hero member
Activity: 714
Merit: 500
Dev still calling new coin logo for BTC0.15? Maybe I can help  Cheesy
legendary
Activity: 1260
Merit: 1000
I'd like to see the new coin getting going, moving to merged on GRE killed the value of the coin. The addition of PoS I think was a good move.

Yeah, I kinda have to agree on this but will add that it was a smart move cutting the supply!

My vote's definitely in for the new coin as well.

Sent ya 2 mil to donation addy Chris......another mill from me and a mil from moms.
sr. member
Activity: 434
Merit: 250
I'd like to see the new coin getting going, moving to merged on GRE killed the value of the coin. The addition of PoS I think was a good move.
hero member
Activity: 579
Merit: 500
CoinQuacker
After discussing a bit with nugget a bit the pros/cons listed above, we are going to continue to pay GreenCoin to Producers and officially support it from the GreenCoin Foundation perspective as the official carbon asset storage mechanism for at least into the near future. In the meantime, we can continue to discuss the merits of a brand new coin (with respite back-looking swap) as was attempted with CO2X, or continuing with GreenCoin and eventually attempting a fork in an attempt to fix the coinbase transaction issue, among other potential solutions. I'll just continue the discussion in this thread since the previous one I locked and everyone seems to be up to speed on the details of this discussion anyway. I'll update the OP to reflect the two coins.

I can still buy the coin shortage up to half as long as it stays low like this (which as of today is firmly 1 satoshi if you're selling a 2 to buy). If I was paying over 3 that would force the coin to be sent to Producers "as-is". This amount again is generally 400-800k per day and has lately been about 650k. The average payout based on the blocks per 24 hours should be about 1,400k, so it is ~750k short lately.

Nugget also had a working block explorer for GRE running at some point so I'll see if he can get that up again and I'll add it to the grcoin.com A-record.

Also, if folks want to help out with daily payouts for any reason here is a foundation address set up for that purpose:
GUpeoMfwaXpmkou71stNZnSvBXMNtGneWp

All GRE donations become part of the payout. They are not held by the Foundation for other purposes.

If you want tto help with general expenses in any other way, well, bless you, and here you go:
BTC: 1Jo4Xct4k3XRuTAApvieq5bjnV2ZXnSB8a
LTC: LP6T3wCpUQsK3JcpeBqNVQq2rfCKwwcM6t
Check / Other type of Donation: PM me
sr. member
Activity: 434
Merit: 250
Yes, I get the same reply from the daemon on Linux. Getinfo works though:

Code:
{
    "version" : "v2.2.0.0-ge1d17f0-CO2X2",
    "protocolversion" : 70004,
    "walletversion" : 60002,
    "encrypted" : false,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 716,
    "moneysupply" : 14821.20000000,
    "connections" : 5,
    "proxy" : "",
    "ip" : "xxx.xxx.xxx.xxx",
    "difficulty" : 1.14587705,
    "testnet" : false,
    "keypoololdest" : 1425149791,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000100,
    "mininput" : 0.00000100,
    "errors" : ""
}

Don't know why getmininginfo doesn't
sr. member
Activity: 371
Merit: 250
I'm happy to say that I got the daemon to compile and started solo mining using one GPU (I haven't found anything as yet).  The block chain seems to be running slow right now getinfo reports I'm at block 716 with 6 connections.

Getmininginfo reports:
error: couldn't parse reply from server

I have know idea what hash rate the network is working at now.  Hopefully the difficulty will reset shortly.
hero member
Activity: 810
Merit: 1000
GRE producer here, just getting up to speed with the changes and happy to continue supporting the evolution of carbon abatement in which ever form it moves to.
sr. member
Activity: 371
Merit: 250
With any transition there is bound to be a few hiccups along the way.  This is a very difficult thing to be doing; I appreciate everything done so far and I'm in support of moving to the new CO2X coin.

I was planning on starting to solo mine but couldn't get the qt wallet to build under Ubuntu 14.04, so at this point I'm thinking of trying to build the daemon and solo mine using a GPU or two.  (Lightsplasher's don't need any stinkin' qt wallets or pools anyhow) Cheesy  Maybe posting a config file would be helpful for me or others to get started solo mining.

This is kind of downstream, but perhaps but it would be neat to have a supporter/producer rich list / hall of fame type web page block explorer where we could mark an address with our name to show our results and be proud of the fact of how much carbon we have potentially sequestered.  To me it such a good concept that the issue of monetary value should be secondary anyway to the ability to help create a change to clean renewable energy.

No worries, FUD happens, and good things always take time to manifest and are never guarantied,  thanks everyone and to you especially biodieselchris.
legendary
Activity: 1302
Merit: 1000
Bass Player
CO2X seems to be chugging along... 564 POW blocks at this point ( and 0 POS )
I am trying to mine it with setgenerate true but having no luck so far...

I hold only about 68,000 GRE ( mostly from merge mining and a gift ) but would love to go head first into CO2X and see if we can get the POS to start as well...

And I am a supporter of this entire concept as well... will not 'dump' on the exchanges...

Quote:

disadvantageous:
- No pools or trading yet
- Switching for existing users is challenging (swapping coins, Producers, etc)
- Harder to work a new coin into the grcoin.com website database (still unsure how to do this but will figure it out)
- Small, unstable mining base subject to long block times and possibly a fork

Unquote:

Pool would be good...
Getting some folks swapped out and starting the POS might help stabilize the mining...
legendary
Activity: 1260
Merit: 1000
sr. member
Activity: 434
Merit: 250
Mac wallet loads up fine and syncs happily, I don't have any CO2X yet so can't test it fully
hero member
Activity: 579
Merit: 500
CoinQuacker
CO2Xcoin Mac wallet here.
https://dl.dropboxusercontent.com/u/60507461/CO2ExchangeCoin-Qt.zip

I haven't tested it yet if someone else can.
hero member
Activity: 579
Merit: 500
CoinQuacker
After blowing off some steam now I need to do the payout for the renewable producers and I am thinking of continuing to pay GreenCoin for now. A couple of reasons:

- Most of the Producers did not change over to a CO2X address so I would need to make an address for each of them and hold the coins
- The CO2X showed some mining issues on the first day (for example by 8 PM Pacific we only got to block 212 and it should be at 1440 by design, so the producers would be getting short coins).
- I don't have the CO2X Foundation wallet key yet so I would have to make the payout at some point later and do it in arrears. I can pay GRE now.

Certainly it will be difficult to make the official coin switch and then have to unwind it if something goes wrong. I think it might be a good idea to continue to pay old GRE for at least awhile and take this chance to evaluate the strengths and weaknesses of switching versus staying the course:

CO2Xcoin
advantageous:
- Coinbase algo works (still somewhat theoretical, but let's assume it does. If it doesn't a switch is a non-starter)
- New greener algo and PoS (though some people don't seem to like X11)
- Crisp wallet functionality and built in block explorer

disadvantageous:
- No pools or trading yet
- Switching for existing users is challenging (swapping coins, Producers, etc)
- Harder to work a new coin into the grcoin.com website database (still unsure how to do this but will figure it out)
- Small, unstable mining base subject to long block times and possibly a fork

GreenCoin
advantageous:
- merged mined and stable (23 GH/s currently)
- don't have to change the coin name/symbol to a new coin
- there hasn't been much marketing, so it would be easy to switch and/or start over, but what we have done so far would be lost, and "GreenCoin" is superior to "CO2ExchangeCoin" / "CO2Xcoin" IMO in terms of simpleness and elegance, logo etc (open to thoughts on this though).
- Already listed on Bittrex/Allcoin

disadvantageous:
- Biggest one by far is the coinbase transaction was defeated. The Foundation only gets ~400-800k. I have been buying the 600-1000k necessary to bring the coins to "exactly half" of the daily mine since Dec. 4. I could do this since they are so cheap this has been about $600-800 so it hasn't been too bad.
- Huge total coin amount affects price
- "Buggy" wallet doesn't fully sync, needs to be seeded first time it's run

I think in simple terms the two options are just biting the bullet and getting through a full switch over versus staying the course with existing GreenCoin. The switchover to the new coin we've already talked about a lot so I'll just state the case for staying with GreenCoin. First off, I would simply stop "buying" the extra coins to bring it up to half: that is, whatever coins exist in the wallet at 8 PM each night are what get paid out to Producers. This means the miners will be getting ~75% of the coins but is that really so bad? There aren't a lot of producers and the original 50/50 split was always somewhat arbitrary. Couple this with the fact that in the future miners will have to be throttled if the coin grows so they do not represent disproportionate value to the coin and there is a case that eventually a fork to this effect is inevitable in the future. I think staying with GreenCoin makes a some sense because I could begin market it immediately again. If (a big if) the coin was catching on and getting producers signed up I think a development team could be hired at some point in the future that may be able to fork in a solution to the coinbase problem, or, at that point, we make a substantially switchover and re-launch at that time.

So the question really is, do we switch over now when we are small and no one really cares anyways, or in some future scenario when we're potentially much bigger (either fork or switch over)?
legendary
Activity: 1638
Merit: 1013
Pity about the X11 algo. Time and time again it gets hash raped by the FPGA farms leaving most coins in the hands of one or two miners. This is contrary to the principle of broad based distribution. It will be too difficult and expensive to mine the coin after the first few hours.

Then I previously warned about doing a coin swap for Greencoins because this will put 6m coins into the market instantly. I see the warning was not heeded and the coin exchange is going ahead. The Greencoin holders have lots of bags that they currently cannot do anything with. As soon as the new coin hits the exchange and the price goes over 167 sats, they will dump the 6m. Some may even dump earlier because at least they can get something out where currently they can not get anything out. The 6m can almost be seen as a premine, with the premine in this case being handed to the public with no anti-dumping control like escrow. I cannot see any economic justification of doing a coin swap. Greencoin holders should rather take the hit on the nose and move on and start this coin from scratch.

The above means that there will be two highly concentrated groups of holders that will have the same objective and that is to sell to make a profit or to get something out. This gives a high risk of a dump fest and sell pressure that will kill the coin. I would suggest that you scrap the idea of doing a coin exchange and that you use a different algo than X11/13/15.

If you carry on like planned, fine, it is your coin, and there is a chance that you can actually pull it off successfully e.g. if the large farms look the other way or if the old coin bag holders all decide to hold and not to sell for at least 10 months or so. After doing a risk assessment though, the chances of the above scenario playing out is higher.

excellent write up one of best ever I have seen on BT

You are welcome  Smiley
legendary
Activity: 1302
Merit: 1000
Bass Player
Pity about the X11 algo. Time and time again it gets hash raped by the FPGA farms leaving most coins in the hands of one or two miners. This is contrary to the principle of broad based distribution. It will be too difficult and expensive to mine the coin after the first few hours.

Then I previously warned about doing a coin swap for Greencoins because this will put 6m coins into the market instantly. I see the warning was not heeded and the coin exchange is going ahead. The Greencoin holders have lots of bags that they currently cannot do anything with. As soon as the new coin hits the exchange and the price goes over 167 sats, they will dump the 6m. Some may even dump earlier because at least they can get something out where currently they can not get anything out. The 6m can almost be seen as a premine, with the premine in this case being handed to the public with no anti-dumping control like escrow. I cannot see any economic justification of doing a coin swap. Greencoin holders should rather take the hit on the nose and move on and start this coin from scratch.

The above means that there will be two highly concentrated groups of holders that will have the same objective and that is to sell to make a profit or to get something out. This gives a high risk of a dump fest and sell pressure that will kill the coin. I would suggest that you scrap the idea of doing a coin exchange and that you use a different algo than X11/13/15.

If you carry on like planned, fine, it is your coin, and there is a chance that you can actually pull it off successfully e.g. if the large farms look the other way or if the old coin bag holders all decide to hold and not to sell for at least 10 months or so. After doing a risk assessment though, the chances of the above scenario playing out is higher.

excellent write up one of best ever I have seen on BT

There was no premine on this last attempt...  the swap was to occur over time... also most of us who hold GRE will also like to hold CO2X. We went through this with a different coin and those worries were false... if someone wants to buy a bunch of GRE convert it and dump it the difference will be the same as if they simply dumped the GRE...
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