BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement - page 14.

pmconrad

full member

Activity: 149

Merit: 102

Quote from: Armando on February 28, 2014, 01:02:49 AM

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

Stinky_Pete

hero member

Activity: 560

Merit: 500

I've just received a bunch of small payouts from various ptsminer pools and beeeeer.org. I assume these are the pools closing down so as not to have problems with the transition. Anyone know otherwise?

Armando

hero member

Activity: 870

Merit: 500

Trading will make me rich)

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

Mkilbride

newbie

Activity: 33

Merit: 0

My PTS I sent to the new Wallet -still- has not received them, what is going on? Says 0/6 Verifications.

testz

legendary

Activity: 1764

Merit: 1018

Quote from: Kato on February 27, 2014, 12:36:24 AM

Does anybody know if there is a specific time at which the wallets need to hold Bitshares-PTS to get an allocation to Bitshares? Just wondering when I need to make sure the PTS is tied up there. Thanks.

Wallet should hold BitShares-PTS at the last block for 28 February GMT that mean 0:00 GMT between 28 February and 1 March.
Protocol allow time diff +- 2 hours, to be safe, keep BitShares-PTS at wallet from 28 February 20:00 GMT to 1 March 04:00 GMT

BTW Bter announce that will redeem users PTS to BitShares X: https://bitsharestalk.org/index.php?topic=3267.0

Kato

newbie

Activity: 41

Merit: 0

Does anybody know if there is a specific time at which the wallets need to hold Bitshares-PTS to get an allocation to Bitshares? Just wondering when I need to make sure the PTS is tied up there. Thanks.

testz

legendary

Activity: 1764

Merit: 1018

Quote from: Mkilbride on February 26, 2014, 01:54:29 PM

Well that seems nice, I sent my PTS to the new wallet a few hours ago - haven't arrived yet, but after that, would it be safe to sellt hem or whatnot? How do I know a snapshot has been taken?

This will be announced here https://bitsharestalk.org/
But if you wait for 2 March you will be safe.

Mkilbride

newbie

Activity: 33

Merit: 0

Well that seems nice, I sent my PTS to the new wallet a few hours ago - haven't arrived yet, but after that, would it be safe to sellt hem or whatnot? How do I know a snapshot has been taken?

testz

legendary

Activity: 1764

Merit: 1018

Quote from: Mkilbride on February 26, 2014, 12:23:04 PM

Hey folks!

I've been reading around, and it appears that, I will have both Shares & PTS, so I could get my Shares Snapshot, then sell my PTS and still have my Shares?

Yes.

Mkilbride

newbie

Activity: 33

Merit: 0

Hey folks!

I've been reading around, and it appears that, I will have both Shares & PTS, so I could get my Shares Snapshot, then sell my PTS and still have my Shares?

brekyrself

hero member

Activity: 547

Merit: 502

Quote from: sidhujag on February 19, 2014, 12:50:08 AM

Quote from: brekyrself on February 19, 2014, 12:45:36 AM

New wallet released fixing a lot of issues such as the seed nodes.

https://bitsharestalk.org/index.php?topic=2995.0

Funny how people will hate on a coin where GPU miners are only 1.5-2.5x faster compared with CPU's! Protoshares are much more then a coin and we will find out after the 28th with the release of BitShares.

Why static build? You think admins will like having to build dependencies over and over for multiple wallet nodes?

Have you considered a java cross platform installer that will install on osx/linux/windows using one installer? I did one for devcoin. using a web installer.

Will fees mess up tx between clients? is this a hard fork? If fees are less then old clients wont accept blocks mined with new clients?

Great questions. I would suggest posting on the BitShares forum as Invictus pays out handsome bounties to people who help develop their software.

Not that Testz did a bad job but the more help on this project the better!

testz

legendary

Activity: 1764

Merit: 1018

Quote from: sidhujag on February 19, 2014, 12:50:08 AM

Quote from: brekyrself on February 19, 2014, 12:45:36 AM

New wallet released fixing a lot of issues such as the seed nodes.

https://bitsharestalk.org/index.php?topic=2995.0

Funny how people will hate on a coin where GPU miners are only 1.5-2.5x faster compared with CPU's! Protoshares are much more then a coin and we will find out after the 28th with the release of BitShares.

Why static build? You think admins will like having to build dependencies over and over for multiple wallet nodes?

Have you considered a java cross platform installer that will install on osx/linux/windows using one installer? I did one for devcoin. using a web installer.

Will fees mess up tx between clients? is this a hard fork? If fees are less then old clients wont accept blocks mined with new clients?

- Static build for Windows, mean one executable without additional mingw and qt dll's, everything inside.
- Like other coins (even Bitcoin) now BitShares-PTS has native NSIS based installer for Windows and native OSX installer, do you think java cross platform installer will be better?
- No hard fork, network fee was never changed, in previous version of Windows client it's was by default 0.01 PTS, now we fix it.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: brekyrself on February 19, 2014, 12:45:36 AM

New wallet released fixing a lot of issues such as the seed nodes.

https://bitsharestalk.org/index.php?topic=2995.0

Funny how people will hate on a coin where GPU miners are only 1.5-2.5x faster compared with CPU's! Protoshares are much more then a coin and we will find out after the 28th with the release of BitShares.

Why static build? You think admins will like having to build dependencies over and over for multiple wallet nodes?

Have you considered a java cross platform installer that will install on osx/linux/windows using one installer? I did one for devcoin. using a web installer.

Will fees mess up tx between clients? is this a hard fork? If fees are less then old clients wont accept blocks mined with new clients?

brekyrself

hero member

Activity: 547

Merit: 502

New wallet released fixing a lot of issues such as the seed nodes.

https://bitsharestalk.org/index.php?topic=2995.0

Funny how people will hate on a coin where GPU miners are only 1.5-2.5x faster compared with CPU's! Protoshares are much more then a coin and we will find out after the 28th with the release of BitShares.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: BldSwtTrs on February 15, 2014, 03:12:56 PM

Quote from: ReCat on February 15, 2014, 03:04:03 PM

Quote from: sidhujag on February 14, 2014, 12:56:15 AM

Quote from: ReCat on February 13, 2014, 09:25:27 AM

I think it's safe to say proto shares is completely dead now due to the GPU miners?

Did bitcoin die when asics were announced? What about when gpus were first used?

No, because it's bitcoin.

The only point of an altcoin is profitable mining. Now it's not profitable. So there's no point to it.

PTS are not a random altcoin. Do you even know what you are mining?

Its not unheard of for people to be naive in their point of view, especially obviously coming from a miners perspective. Its normal for someone to think that there is only one path to a solution and not explore other paths in their mind, but its annoying to come onto the board and openly flame something which even as common sense would contradict the popular hindsight opinion of efficiency of mining in crypto currencies.. But to each his own, atleast he now knows and hopefully will learn.

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Quote from: ReCat on February 15, 2014, 03:04:03 PM

Quote from: sidhujag on February 14, 2014, 12:56:15 AM

Quote from: ReCat on February 13, 2014, 09:25:27 AM

I think it's safe to say proto shares is completely dead now due to the GPU miners?

Did bitcoin die when asics were announced? What about when gpus were first used?

No, because it's bitcoin.

The only point of an altcoin is profitable mining. Now it's not profitable. So there's no point to it.

PTS are not a random altcoin. Do you even know what you are mining?

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: ReCat on February 15, 2014, 03:04:03 PM

Quote from: sidhujag on February 14, 2014, 12:56:15 AM

Quote from: ReCat on February 13, 2014, 09:25:27 AM

I think it's safe to say proto shares is completely dead now due to the GPU miners?

Did bitcoin die when asics were announced? What about when gpus were first used?

No, because it's bitcoin.

The only point of an altcoin is profitable mining. Now it's not profitable. So there's no point to it.

you are purely dillusion and have no concept of how it works around here do you?

Are miners the ones buying the currency? If its not profitable then miners hold value rises now viola its profitable again, magic?

Its the same thing as bitcoin.. There is always a crash after more effiient tech comes but the network becomes more secure as a result.. thats positive.

The low amount pts is positive and the fact that shares are given for every project is positive... Now if bitshares is what it claims to be then we are really undervalued.

ReCat

sr. member

Activity: 406

Merit: 250

Quote from: sidhujag on February 14, 2014, 12:56:15 AM

Quote from: ReCat on February 13, 2014, 09:25:27 AM

I think it's safe to say proto shares is completely dead now due to the GPU miners?

Did bitcoin die when asics were announced? What about when gpus were first used?

No, because it's bitcoin.

The only point of an altcoin is profitable mining. Now it's not profitable. So there's no point to it.

VSym

newbie

Activity: 6

Merit: 0

Quote from: Trillium on February 14, 2014, 02:02:29 AM

Well you's have now entered a stupid realm where CPU mining is no longer profitable, and GPU mining is less profitable than scrypt coins.

The result is that only the true believers and coin supporters and perhaps those who don't know how to do calculations will be left mining this coin.

and all this combined with a low value makes it really unprofitable to mine....

Trillium

hero member

Activity: 546

Merit: 500

Well you's have now entered a stupid realm where CPU mining is no longer profitable, and GPU mining is less profitable than scrypt coins.

The result is that only the true believers and coin supporters and perhaps those who don't know how to do calculations will be left mining this coin.

Topic: BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement - page 14. (Read 218426 times)