Topic: [ANN][NKA] INCAKOIN l Perú l Launched Aug 2013 | update v.1.5.2.0 released - page 46. (Read 175960 times)

Personally, I think it's better if we can earn the same rewards with the fact that the wallet stays connected to the network for a minimum amount of time , let's say 320 or 360 Hours, during the 35 days staking period.

Because not all people will let the computer running 24H/24/ 7 /365.

Seremas that code change is designed to help secure the network. As it stands now a person could open and sync the wallet once every 35 days and get the stake and then turn the wallet back off. The problem is that the stake reward is a benefit of helping to support and secure the network.

The way the code change should work is that the stake will be done in continuous increments 24/7 as long as the wallet is connected to the network and probably we will also have a minimum node connection count of like 4. So anytime that wallet is online and connected to at least 4 other nodes it will stake at the normal rate. Now if that box is off line then the staking will pause. So if you need to do updates or reboot or whatever the case may be you won't lose 35 days worth of staking but just lose for the time your not connected to the network.

The code hasn't been fully designed and written yet so it's always possible their could be tweaks to the final code depending on community feedback and other considerations.

hi,

In your roadmap, you said: "Online only staking: Nodes will only stake while connected to network."

Does it mean I will have to run 24H/24 my wallet for my coins to stake and earn more coins?

At the moment we are busy working on so much... in the near future we may work with them again. Nothing planned yet. Our focus is creating a very user friendly atmosphere and our team is busy with that. The coin is still very undervalued but I think that will change as we push this project forward.

Unfortunately there was a campaign for Incakoin where they were distributing some coins through promoplugs, is there any possibility of a similar campaign being held again? The duration time was short.

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First of all we would like to express our gratitude to everyone who has been a part of this coin. That includes those of you who contribute to the discussions, miners, stakers, and other contributors. Without your involvement this coin would not be experiencing the success of late! Now to quickly bring everyone up to speed, we want to remind everybody that IncaKoin is a stable - tried and proven 4 year old blockchain. Well - that's a bit of a stretch since the IncaKoin blockchain technically dates back to August 28, 2013 so honestly we have about 4 more weeks left until our 4th birthday.

With all that being said we have a lot of very exciting things planned and we are already getting items completed and checking them off the list as this post is being written.

Last but not least we would like to take this opportunity to give a quick shout out to @Cryddit who was nice enough to list us as a dead altcoin on April 28,2014. You can take a look at that thread here: https://bitcointalksearch.org/topic/necronomicon-thread-altcoins-which-are-dead-588413 Hopefully @Cryddit might catch wind of this post, our recent gains, our forward pointing agenda and then kindly remove IncaKoin from that dead altcoin list!

Truth is IncaKoin is alive and well! In fact just very recently if you were monitoring https://coinmarketcap.com/currencies/incakoin/ you may have noticed that on several occasions we have made the top 10 list in terms of valuation gains! You can see some very interesting screenshots of that below:

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We get it and we understand that there are more than 800  coins out there so why should you even care about IncaKoin? Well as already mentioned we're a stable and old blockchain that has stood the test of time. We also have a totally committed founder that has stuck by this coin and will see it through.

IncaKoin also has a great community and if you take a minute to look back through the board you'll find a friendly atmosphere of core supporters that are always working hard to resolve any problems and lend assistance. Finally, we feel that this coin has respectable specifications and a ton of potential to grow in valuation.

In short this coin stakes very well with good ROI at 9% every 35 days. It's also fairly easy to mine with inexpensive hardware right from the wallet. It's also a great buy at the moment and you could speculate very reasonable valuation gains as we move forward implementing the changes in our roadmap.

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Q3 2017 - July, August, September

• Updated website: New build from the ground up and it's almost done.
• New block explorer: Already paid for and will be ready any day now.
• Security checkpoints: To increase security until we have a larger node count.
• Tutorial videos: To help newcomers get up to speed easier and faster.
• DNS seeder: To improve and speed up new wallet installations.

Q4 2017 - October, November, December

• Marketing videos: A substantial marketing push at YouTube, Facebook and Twitter.
• Additional exchanges: More exchange listings and pairs for increased market volume.
• Increased block reward: Existing POW block reward of 3.28125 will become 100.
• Reduce POW confirmations: Existing POW confirmation requirement of 5000 blocks will become 1000.
• Bootstrap blockchain: To improve and speed up new wallet installations.

Q1 2018 - January, February, March

• Press releases: A substantial marketing push via PRweb and PRnewswire.
• One click mining: Just one mouse click and your wallet mining is on or off.
• One click staking: Just one mouse click and your wallet is staking on or off.
• Mouse over hash stats: Dynamic icon displays on or off mining and stats upon mouseover.
• Mouse over stake stats: Dynamic icon displays on or off staking and stats upon mouseover.

Q2 2018 - April, May, June

• Install directory option: Option to specify custom install and/or data directory location.
• One click edit.conf: Just one mouse click to open and edit the wallet configuration file.
• One click wallet repairs: Just one mouse click to execute reindex, rescan and zapwallet.
• Online only staking: Nodes will only stake while connected to network.
• Sortable stake table: Wallet will display a variety of important staking details.

Q3 2018 - July, August, September

• Multi language wallet: Chinese, English, Spanish, Arabic, Hindi, Russian, Bengali, Portuguese and French.
• Seed word restore: Ability to restore wallet coins without any backup copies of wallet.dat.
• iPhone/Android app: Full featured native apps built with phone gap.
• 64 binary - Win/Mac/Lin: 32 and 64 bit binaries will be available for the three major operating systems.
• Master nodes: Switch to master node implementation to further secure the network.

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• Website: http://incakoin.info/
• Facebook: https://www.facebook.com/Incakoin/
• Twitter: https://twitter.com/Incakoin1
• BitCoinTalk: https://bitcointalk.org/index.php?topic=933851.1180
• Slack: https://incakoin.signup.team/
• CoinMarketCap: https://coinmarketcap.com/currencies/incakoin/
• Cryptopia: https://www.cryptopia.co.nz/Exchange?market=NKA_BTC
• Yobit: https://yobit.net/en/trade/NKA/BTC
• Trade Satoshi: https://www.tradesatoshi.com/Exchange?market=NKA_BTC

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IMPORTANT ANNOUNCEMENT TO BE RELEASED IN THE COMING HOURS!

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Won't be long now

you have 5MH/s you can expect to not receive a reward for a while. Maybe not a couples of day.

wallet do not start on pc with 256 ram

setgenerate true 2
getmininginfo

 {
"blocks" : 2032187,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 28.02240863,
"proof-of-stake" : 0.00390625
},
"errors" : "",
"generate" : true,
"genproclimit" : 2,
"hashespersec" : 5795589,
"networkhashps" : 1961782047,
"netstakeweight" : 24655.53200333,
"pooledtx" : 0,
"testnet" : false

is there an issue here as i haven't been receiving any transactions the last couple of days?
thanks

Seems like a big sell off on Cryptopia what's happening? Good opportunity to buy low at the moment.

I hear ya but Bitcoin doesn't stake so it's a different animal in terms of carving in a max supply. With the staking variable it's more fluid and there are variables that can impact what the total supply might look like. In the future it may very well be this coin has a max supply number but as of right now I'm just not sure what the number would be or how to exactly calculate it. This doesn't scare me and it's not unheard of. We don't know what the total max supply of gold or silver will be but it's being bought up by plenty of investors. If you look at fiat currency they run those presses wide open printing that junk with no end in sight and no concept of the term "max supply" and yet at the moment pretty much the entire world is functioning on that non-asset backed, over-valued, unpredictable, government and elite manipulated, non- max supply, waiting to come crashing down money! 

Ok, thanks for the answer.

I also have one other question.

What's the total maximum supply of the coin?

Someone in the forum said it doesn't have maximum supply at this time.

But i found other different answers to the questions elsewhere.

If it doesn't have max supply , when will it be determined?

I think it is a very important question for any new investors that wish to invest in a new cryptocurrency.

For example, we know that bitcoins has 21 M max supply, etc...

Not exactly more interest but I suppose it would do that for those who mined it and let it sit and stake.

My thoughts are more along the lines of addressing the issue where we have potential proof of work miners looking at the coin and saying no thanks I'll pass. That's because they do a bit of quick math and determine they will not be able to turn an immediate profit mining the coin. This in turn reduces mining activity which in turn reduces the network hash rate which then has a negative impact on the security and even success of the coin.

Right now when you mine a block you only get a bit over 3 coins and then when you factor the current value of the coin and the cost of mining a block it's not exactly super enticing. If we rework that and give a much bigger reward than the current 3 coins we stand a good chance of attracting miners and mining pools and that could be beneficial to the coin IMHO.

I say beneficial because:

• More people involved with the coin
• Increased coin security
• Increased transaction speed and capacity
• Increased trading volume on the exchanges

And thing is where did this problem really come from? It's coded right into the wallet and it's called halving. Based on the code and at different points on the block chain count the amount of coins you get when you mine a block gets cut in half hence the term "halving." This is a concept that goes way back even to the early days of bitcoin it was in play. Now I'm not saying halving is evil mind you and there is some logic behind it. In my mind the main problem is that when you release a coin and you've coded the halving points in there you have no clue on earth if those points will be properly timed when the block chain gets there in the future. Yeah sure if the coin booms up yada yada that's one thing but on the other hand and using this coin as an example the halving in the code has not matched up with the coins current value and market position hence vastly reduced interest in mining Inca.

If I understand you, you would want to increase the block reward to generate more interest ? 

Sound also great to me 

Several pages back the founder had mentioned the current stake would remain past the masternode implementation to encourage staking which in turn builds more interest in the coin while also helping to secure the network.

But now that you are mentioning polls hmmmm.... what sounds good to me is a poll on what the block reward should be in order to generate more interest in mining the coin POW style  This 3.2815 block reward for mining is not going to cut the mustard.

OK

So maybe a poll on this topic?

That's up for discussion and I'm sure whatever the founder finally decides on will be heavily influenced by feedback coming from the community.

it looks promising!!

In long term perspective, will you maintain the reward at 9% for every 35 days? or it may be changed with MN implementation ?

A new website is being built as we speak.
A new block explorer will be up any day now.

The following changes are being worked into a new roadmap that will be released hopefully within a week or two and they will be grouped into short-term, mid-term and long term changes.

• One mouse click to turn wallet mining on and off
• Mouse over mining icon to view current hash rate
• One mouse click to turn wallet staking on and off
• Mouse over staking icon to view staking status
• DNS seeder
• Bootstrap blockchain
• Updated website
• New block explorer that is included within the website
• Marketing video explaining the desirability of the coin
• Tutorial video(s) explaining how to get started with IncaKoin
• Multi-language wallet
• iPhone & Android wallet app
• Listings on additional exchanges
• One or more press releases
• Ability to buy the coin at the website
• A staking table in the wallet that shows a variety of staking details
• Staking accrues incrementally 24/7 only if wallet is online and connected to at least 4 other nodes
• Increase the block reward so that mining could ROI at current coin value
• Reduce the 5000 block requirement for mined coins to become confirmed
• 32 & 64 bit versions of the wallet for Windows, Mac & Linux
• Ability to choose install directory and data directory during installation
• One mouse click to create/open/edit IncaKoin.conf file
• One mouse click to access wallet repair for zapwallettxes/re-index/rescan
• Seed implementation to restore wallet without backup copy/cloud storage
• Master node implementation