Topic: [ANN][GRE] GreenCoin - A Blockchain-Based Social Carbon Ecosystem - page 39. (Read 80449 times)

So I can buy GRE now and exchange it to CO2X later 166.6666667 GRE to 1.00000000 ?

based on a GRE bid/ask of 2 to 3 satoshi, CO2X is currently at par at 333/500 satoshi.

Assuming a market for CO2X ever materializes.

that is correct: in order to be able to give folks enough time to exchange coins for the ones actually backed by carbon (now only the new coin) we are exchanging all coins until block 500,000 and GRE is on block 363939 (727.9 M out of 1B coins) so there will be another 272.1 M to get spit out before we no longer would accept them. So 1.63 M of the 6 M haven't even been claimed yet.

Block 363,939 hit at 8 PM and is the block representing the final payout to producers that will be made in GreenCoins representing production through today (Feb 27th, and, assuming the new coin keep chugging along of course). Tomorrow's producer payout will be made from newly minted CO2X coins

I'm ALWAYS trying to solo, if it possible  

Just buy some greencoins and exchange them. No need to mine or waste resources on mining as there will be 6m coins on the market shortly.


{
"blocks" : 12,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.08721258,
"errors" : "",
"netmhashps" : 1.07707087,
"netstakeweight" : nan,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"pooledtx" : 0,
"stakeinterest" : 50000,
"testnet" : false
}


Blocks moving slowly...

Strange... Always thought my country is backward and my internet is something unusual and miracle

No, I'm living in one of the biggest cities.... I get barely 30 Kib/s upload on our old copper connections...


Source is now up anyway

Australia has bad internet  Or you just living in village etc?
I'm living in a poor country and have fiber-optical internet...

This will be very hard mine... 

Source is uploading now - just talking a little while due to my incredible Australian internet...


{
"blocks" : 7,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.09119518,
"errors" : "",
"netmhashps" : 0.37278699,
"netstakeweight" : nan,
"generate" : false,
"genproclimit" : -1,
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"combined" : 0
},
"pooledtx" : 0,
"stakeinterest" : 50000,
"testnet" : false
}


Oh, shi...

OP updated:

windows wallet: https://mega.co.nz/#!EMpxiDbR!9DG235hmnvOsyK-DBDut8WBmeJyNodZY4QAgbTu9iUM

Source code: https://github.com/nuggetbram/CO2XCoin


{
"blocks" : 2,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"netmhashps" : 0.00025625,
"netstakeweight" : nan,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"stakeweight" : {
"minimum" : 0,
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"combined" : 0
},
"pooledtx" : 0,
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}

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.

A coin trying to cash in on the MMGW scam? Interesting. That angle never occurred to me. Pass.

To those asking about the CPU only mineablility of this coin, unfortunately the algorithm designed ran too fast for the client to keep up with incoming hashes, causing a ridiculous amount of rejected blocks.

 

No, i will skip this.
CPU coin would be much more interesting.
Too bad.

Good luck with the launch anyway.

Read near the end of the OP. I feel like I've gone into this in so much detail so many times I really don't know what to say.


Not yet unfortunately

So, you didn't give any news as to what is happening to GRE. If there is a post, please put a link in here?

Also, is the new x11 coin going to be merge mineable?