Topic: [ANN][NKA] INCAKOIN l Perú l Launched Aug 2013 | update v.1.5.2.0 released - page 47. (Read 175960 times)

too bad. yesterday POW diff was at 0.02 and today it's 27ish. damn it. It was intertaining for 2 days.

Ok, good to know that you share my point of view in the long term run 

I think the reward is huge for staking coins, and many people want fast and reliable transactions.

What are the upcoming changes that make you believe in the coin?

You're welcome on the help 

You don't have to leave your wallet running 24/7 for your coins to stake.

To comment on your long term I would quote a previous poster a few threads back who said, "anything can happen." I can relate to this. I've mined a 1 satoshi coin at major negative ROI but guess what... that coin boomed up like crazy and all of a sudden I was pretty happy about things. On the other hand there was another coin I bought in at around .14 cents and it turned out to be a scam coin and now it's de-listed and not even worth 1 satoshi! This experience gives me good reason to work with this IncaKoin because it's a 4 year old block chain, I've spoken with all the dev's and this is a solid time-proven reliable coin and I think it has tons of potential with some upcoming changes that are in the works.

Thanks for the all your help. I really appreciate

I believe in your Coin in the long term run. That's why I will invest money to buy more coins.

I have some coins already in my wallet.

Do I need to launch the wallet for my coins to stake? ,or I can leave the wallet closed and open the wallet in 40 days to see my earnings?

I do think your mining after looking at your getmininginfo output. The likely explanation is that the difficulty level vs. your hashrate has equaled you not getting a block since yesterday evening. If you want you can always shut down the wallet and reboot it and start mining again and recheck your getmining info. I hope you get some blocks soon!

The reason you got a coin yesterday and not today is because the difficulty from yesterday was 4 and today it is 28.  So you may wait a week before you get a coin.  Of course, you can get a coin in two minutes if you are lucky, but with this difficulty and cpu mining, it will take a week.  So you are earning a nickel a week-- that is not a good incentive.

very hard to have this wallet on linux.  It would freeze your vps because of the way this coin wallet operates.

Seremas,

If you do the math and assuming you want to mine coins and immediately sell them I don't think you can see an ROI and that is based on current coin value and current block reward. If the current block reward and/or the coin value goes up then the ROI issue will look much different. Not all miners are alike. Some want to mine and sell mine and sell and generate enough profit that they consider it to be worthwhile. Other miners will mine a coin at break even ROI or even at a negative ROI because they are on a more long term approach and are maybe going to stake the coin for gains and also speculating that the coin could boost up in value. Maybe this approach is something like a speculative mining hobby lol! What you choose to mine or not mine and whatever your strategy is that's up to you.

As far as a wallet transfer you can click on file and then click backup and create a backup copy that can be placed into another wallet. Alternately you can also just navigate to the data directory and copy the file named wallet.dat. The copy of wallet.dat that you create can be placed into a wallet and presto bingo your ready to go. The location of your IncaKoin data directory may vary as some people use the default location and some don't. If you're unable to locate it let us know your operating system and you can get some quick guidance on that if needed.

Generate "true" is what tells you if you're actually mining. In this case you are mining. However to mine with more core you can change setgenerate true "1-8" in order to add more core. Doing so will results in genproclimit "1-8". You can see you hashespersec "504248" is your speed. it's not much but increasing your core will add to the spead. Setgenerate true "4" during the day is good and during night setgenerate true "6" is good. Well, thats for me.

On another point, do you see transactions in the transaction tab? I have the same probleme as you right now. I'm mining, but I don't get any transaction.

So if anyone wants to help us, here's what I have:

1
However, I can't see any recent transaction. My last transaction was from yesterday 19:57 EDT. I can upload my backlog if anyone wants to check it out. or maybe it's just the wallet?.

edit: I'm pretty sure at this point that the wallet is lying to me and i'm not mining despite the getmininginfo results.

Wow, it is really exciting

I think I won't mine from my home computer, but instead from a more powerful VPS...

What are the specifications I should have on my VPS in order to get the best results and make it profitable?

Also, how can I transfer my wallet from my computer to another one? without losing my coins...

Seremas,

• "generate" : true, | This means you're generating coins or mining
• "genproclimit" : 1, | This indicates how many cores are dedicated to mining
• "hashespersec" : 504248, | This is your mining hashrate

You are definitely mining!

Note: Bear in mind a mined block needs 5000 blocks until a full confirmation and this is something like about 3 days or so.

Yes, you are mining because "generate" : true,

With the difficulty approaching 30, you might have to wait for a long time to get a coin

What you do is you mine the more profitable coins then buy this coin.  You have that choice.  Yes, if the difficulty is below 30 then you can get some coins with cpu mining, but once it is above 30, then good luck.

Thanks for the reply!

I have also followed your instructions for mining the coins.

In the console, when I type: " getmininginfo "

I have the following message:

{
"blocks" : 2027934,
"currentblocksize" : 9322,
"currentblocktx" : 36,
"difficulty" : {
"proof-of-work" : 27.45662687,
"proof-of-stake" : 0.00390625
},
"errors" : "",
"generate" : true,
"genproclimit" : 1,
"hashespersec" : 504248,
"networkhashps" : 1965421907,
"netstakeweight" : 62561.10150363,
"pooledtx" : 36,
"testnet" : false
}


Is it starting mining?

When will I receive my first coins?

Seremas good to see you in the community!

As far as I know the coins will stake without you having to do anything. By just having and holding coins in that wallet they will stake automatically.

Based on the coin specs they should stake something like 9% every 35 days but that can vary a bit.

Hello,

I am new here .

I have installed the Wallet, and I have transferred Incakoins to my wallet. How can i stake those coins to earn the 9 % interest per 35 days.

Is there a procedure if someone want to stake the coins from the main balance?

Most coins work like this:   When it is cheap you can mine really easily to encourage more miners.  Then as the coin gets more expensive, the mining gets harder.   Maybe, the one that has the most coins should encourage people to mine and give them incentive like if you mine 1,000 coins I will give you a million coins on top of that.  

I agree with you in that if you do the math on a day to day mining basis you can't ROI this coin right now. I also agree with these other posters that are saying the coin stakes and can gain in value so in the long run that mining could pay off.

Now with all that being said I want to point out that there are current discussions to change the block reward on this coin. This is to address the point which you precisely made and past that to help encourage mining which will help secure the network.

Question is a bit of mathematics will need to be done in order to decide what the block reward should be changed to. Based on your quick math you arrived at .57 a day. If you're math is in the ball park I would say a block reward of 50 would start looking very good to a miner. An IncaKoin block reward of 50 would tweak your numbers to something more like $8.70 a day. I suppose whoever decides on what the new block reward is will also need to consider that as that change brings in more miners the difficulty level will go up so maybe the block reward would need to be more than 50.

If we have any experienced miners running around the place I'd love to hear your input on what you think would be a good block reward number to generate good interest in mining this coin  

EDIT: One other thing I forgot to mention that does matter. This coin mines right from the wallet with just a cpu. This makes it very miner friendly for a newbie since you wouldn't have to setup and run mining software nor join a mining pool. The bar for mining this coin is very low and one doesn't need high dollar ASICS, video cards, advanced technical knowledge etc. etc.

Hi guys .. Yesterday I was preocupated for my wallet an today it's started  maturing coins and it's going fast ..go baby go ..

You are right gallery2000. But if we look and make math using this method with the most of coins , we will see that any coins aren't profitable to mining because is to difficult even using the latest miners . But I'm looking to the feature of this coin .....I believe in miracles after the fork .