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Topic: [ANN][UVC] UniversityCoin | UniversityCoin.Org - Pure PoS | 9M coins mined - page 35. (Read 135374 times)

member
Activity: 84
Merit: 10
Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcows and wafflepool, maybe more) did not occur the same problem you had...

He didn t pay attention. That was his problem. He assumed it was the same as other POW+POS coins.
member
Activity: 84
Merit: 10

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk  Grin

 Huh  he said he had to buy UVC to fill the void. He doesn t have a multipool.

Google ipominer

from ipominer web page :

UniversityCoin (UVC)    stratum+tcp://pool.ipominer.com:3441

and this :

May 06 6:00 AM UVC mining has ended at block 20160 - the direct port has been rerouted internally to the multiport.

sr. member
Activity: 395
Merit: 250
Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcos and wafflepool, maybe more) did not occur the same problem you had...

I know for sure coinshift didn't mine this coin.
Not sure about clever hashcows and the rest ?
full member
Activity: 196
Merit: 100

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk  Grin

 Huh  he said he had to buy UVC to fill the void. He doesn t have a multipool.

Google ipominer
member
Activity: 84
Merit: 10

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk  Grin

 Huh  he said he had to buy UVC to fill the void. He doesn t have a multipool.
full member
Activity: 196
Merit: 100
Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

POW and POS blocks appear the same in the wallet for a pool mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.

Yeahhhh - gonna say that they did mess it up, you got this point

however I'm wondering why other multipools(as I know hashcows and wafflepool, maybe more) did not occur the same problem you had...
legendary
Activity: 1050
Merit: 1000
Mine the hottest new coins at ipoMiner.com
Yes, we mistakenly credited POS blocks as POW blocks... because they appear in the wallet exactly the same as POW mined blocks, and because the ANN post described POW mining as block 0-block 20160, with rewards for all of those blocks. But, that isn't the case as everyone can now see: less than 50% of those blocks were POW with block rewards, as indicated by the total coin supply of ~9.6M currently compared to the claimed total of 20M.

The first post you linked to is on the 24th page of this thread, and the second is linked even later. Do you really expect everyone to read every page of a thread? Let's be realistic.

POW and POS blocks appear the same in the wallet for anyone mining the coin -- they show as "generate" blocks. The only way to differentiate between them is to do blockchain analysis and review the input and output of the block and see if the addresses are the same with the same transaction amount with POS interest added.
full member
Activity: 196
Merit: 100
I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.6M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The dev's "confusion" cost us 5+ BTC because we had to buy UVC to cover overpayments of POS blocks to miners during the POW period... thanks UniversityCoin devs!

Why can't people read...

https://bitcointalksearch.org/topic/m.6502710
https://bitcointalksearch.org/topic/m.6531709

btw your email to miners said 'We were mistakenly crediting POS blocks as mined blocks for UVC because it launched as POW+POS, which resulted in overpayments to miners.'

and now look at what you said

It's not cool man  Roll Eyes

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk  Grin
hero member
Activity: 1036
Merit: 606
I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.5M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...
The PoW blocks have a much higher reward so the PoS blocks are going to take a LONG time to reach the initial 20M coins at 5% stake.  Grin
newbie
Activity: 28
Merit: 0
I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.5M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

Is that good or bad? Huh

newbie here

edit: I just saw what you've just added, got my answer
legendary
Activity: 1050
Merit: 1000
Mine the hottest new coins at ipoMiner.com
I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.6M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The dev's "confusion" cost us 5+ BTC because we had to buy UVC to cover overpayments of POS blocks to miners during the POW period... thanks UniversityCoin devs!
full member
Activity: 714
Merit: 101

10M, becuase we started PoW and PoS at the same time, therefore the total blocks for PoW(which was 20160 blocks) included PoS blocks, which means the actual PoW blocks are around 10K blocks.

We are truly sorry for the confusion we made Smiley
Have PoW blocks have ended now?

Yes, welcome to the pure PoS stage Smiley
hero member
Activity: 1036
Merit: 606

10M, becuase we started PoW and PoS at the same time, therefore the total blocks for PoW(which was 20160 blocks) included PoS blocks, which means the actual PoW blocks are around 10K blocks.

We are truly sorry for the confusion we made Smiley
Nevermind just saw the OP that UVC is in pure PoS stage. There are still people mining on the pools.
full member
Activity: 714
Merit: 101
What is good news for this coin ?
 

The transition from PoW to pure PoS worked perfectly Smiley
full member
Activity: 136
Merit: 100
What is good news for this coin ?
 
full member
Activity: 714
Merit: 101

10M, becuase we started PoW and PoS at the same time, therefore the total blocks for PoW(which was 20160 blocks) included PoS blocks, which means the actual PoW blocks are around 10K blocks.

We are truly sorry for the confusion we made Smiley
legendary
Activity: 1400
Merit: 1000
Are there some hidden blocks  Smiley
full member
Activity: 196
Merit: 100
ahahahahaha I just bought a shit ton of UVC at 1200  I love dumpers and panic sellers

you lucky basterd  Grin
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