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Topic: [CENT] Pennies launched - page 14. (Read 135142 times)

member
Activity: 66
Merit: 10
January 06, 2014, 10:14:28 AM
Please explain me what's going to happen.
I have 1 billion on cryptsy deposit. What will happen if I make one of these things:
a) I send all to my wallet. What's the difference between versions I have installed on my PC?
b) I leave them on cryptsy.
c) Should I do something with them before/after 08.01?
member
Activity: 99
Merit: 10
January 06, 2014, 04:47:40 AM
I really don`t understand what all this stuff about stake means. I have 1.3 billion CENT on Cryptsy. I don`t have a CENT wallet, I just bought CENT on Cryptsy. Do I need to download a wallet and get my CENTs into the wallet in order to keep them after January 8th?
No, but if Cryptsy does delist them you will need the wallet to store them until....until...who knows what. In the meantime, your wallet coins can earn stake (like mining but really just a reward for having your wallet open as a node which helps the network). You may be earning a bigger chunk of a nest of zero worth though if the coin just dies.
newbie
Activity: 62
Merit: 0
January 06, 2014, 03:59:37 AM
I really don`t understand what all this stuff about stake means. I have 1.3 billion CENT on Cryptsy. I don`t have a CENT wallet, I just bought CENT on Cryptsy. Do I need to download a wallet and get my CENTs into the wallet in order to keep them after January 8th?
full member
Activity: 213
Merit: 100
January 05, 2014, 06:06:04 PM
asking again because no one could help me, I've never had to update a qt before so i would really like to not mess this up.

I just need to know how to how the update works. my 0.9.6 wont connect to a chain so i'm hoping i can just update the client. any help would be great

I just extracted the new client into a different directory, opened up the new qt, and it seemed to pick up my wallet just fine

Thanks dude you helped. it must be connected to the appdata/roaming folder
hero member
Activity: 630
Merit: 500
January 05, 2014, 09:39:27 AM
I have a question, if I put the same wallet file(wallet.dat) on two computers, a client has been completed synchronization, another is syncing. My question: while others send a few cents to my wallet address, what will be happened with the different clients but same wallet address?

Is it even possible? different clients but same wallet address?


Of course, you can copy your wallet.dat from computer A (has synchronization) to computer B, then clear all data file and start the qt client to synch at computer B.

you do not even have to do that...

When I get a new coin I REALLY want to mine... I sync it on one PC and then close it and copy the folder to my main server share folder. then i launch and start solo.

Then, I copy that shared folder to all my other machines, and using the same wallet and the already synced chain, I let it catch up and start them soloing... no matter which client finds the block... they all pop up the transaction.

I have done this with at least 6 different rigs at one time using the same exact folder on them all and solo mining on each one.
member
Activity: 73
Merit: 10
January 05, 2014, 04:16:46 AM
I have a question, if I put the same wallet file(wallet.dat) on two computers, a client has been completed synchronization, another is syncing. My question: while others send a few cents to my wallet address, what will be happened with the different clients but same wallet address?

Is it even possible? different clients but same wallet address?


Of course, you can copy your wallet.dat from computer A (has synchronization) to computer B, then clear all data file and start the qt client to synch at computer B.
member
Activity: 70
Merit: 10
January 05, 2014, 02:26:24 AM

Will I be able to transfer out of my current (old) wallet after Jan 8 to a new wallet / Cryptsy?



See https://bitcointalksearch.org/topic/ann-razorlove-cryptocurrency-services-dbl-cent-foobar-updates-359000
That is the main thread for CENT, there is quite a bit more information in these pages including information directly from the developer who has taken over/fixed this coin


Also the following from https://github.com/RazorLove/pennies (the page for the old wallet)

"The latest update requires all users to update to the client version v0.10.0.0 before January 1st 2014 at 00:00:00 GMT after which:

Older client versions will no longer be able to initiate a connection to this version.

This version will no longer accept blocks from any older versions that remain connected in the interim.

Seven days after older versions are disconnected (8th January 2014 at 00:00:00 GMT) the new stake percentage will take effect. This will be a massive reduction to prevent further over inflation from this point forward."
hero member
Activity: 756
Merit: 500
January 05, 2014, 01:26:17 AM

Will I be able to transfer out of my current (old) wallet after Jan 8 to a new wallet / Cryptsy?

hero member
Activity: 966
Merit: 501
January 05, 2014, 01:21:36 AM
I have a small question can I get answer please?
I real almost all the thread and seen a lot about stakes but I actually can't get so can anyone please describe me. I have 20 millions of CENT in my qt and my qt is updated verson and as wekl as I have those CENT from December so how much staked m I going to get?
Thank you in advance

you must keep your wallet unlocked untile Jan 8th. you might get stake in the following days if you are lucky enough.
What actuslly you mean unlocked?
Please clearify.
Thank you

you can encrypty your wallet by Actions->Encrypty Piggy Bank,
if you have done so, you must unlock it in Command Line Banking: walletpassphrase
sr. member
Activity: 252
Merit: 250
January 05, 2014, 01:09:54 AM
I have a small question can I get answer please?
I real almost all the thread and seen a lot about stakes but I actually can't get so can anyone please describe me. I have 20 millions of CENT in my qt and my qt is updated verson and as wekl as I have those CENT from December so how much staked m I going to get?
Thank you in advance

you must keep your wallet unlocked untile Jan 8th. you might get stake in the following days if you are lucky enough.
What actuslly you mean unlocked?
Please clearify.
Thank you
hero member
Activity: 756
Merit: 500
January 05, 2014, 01:05:31 AM
Can someone please explain in plain motherfucking ENGLISH wtf is going on with this coin??
hero member
Activity: 966
Merit: 501
January 05, 2014, 12:33:09 AM
I have a question, if I put the same wallet file(wallet.dat) on two computers, a client has been completed synchronization, another is syncing. My question: while others send a few cents to my wallet address, what will be happened with the different clients but same wallet address?

Is it even possible? different clients but same wallet address?
member
Activity: 73
Merit: 10
January 04, 2014, 11:33:26 PM
I have a question, if I put the same wallet file(wallet.dat) on two computers, a client has been completed synchronization, another is syncing. My question: while others send a few cents to my wallet address, what will be happened with the different clients but same wallet address?
hero member
Activity: 966
Merit: 501
January 04, 2014, 10:45:16 PM
I have a small question can I get answer please?
I real almost all the thread and seen a lot about stakes but I actually can't get so can anyone please describe me. I have 20 millions of CENT in my qt and my qt is updated verson and as wekl as I have those CENT from December so how much staked m I going to get?
Thank you in advance

you must keep your wallet unlocked untile Jan 8th. you might get stake in the following days if you are lucky enough.
sr. member
Activity: 252
Merit: 250
January 04, 2014, 06:03:42 PM
I have a small question can I get answer please?
I real almost all the thread and seen a lot about stakes but I actually can't get so can anyone please describe me. I have 20 millions of CENT in my qt and my qt is updated verson and as wekl as I have those CENT from December so how much staked m I going to get?
Thank you in advance
hero member
Activity: 630
Merit: 502
January 04, 2014, 01:07:29 PM
I am getting 1 coin for every 12 hours and it reads as mined. I have 121 mil in my account.

Does it make any sense? I have 10.0.0 version.

Regular mining generates 1 coin per block found and is basically pointless now.


But I am not mining anything :-)

If you're getting 1 CENT transactions then yes you are.

Go to Command Line Banking and type mintpennies false to disable it.
full member
Activity: 336
Merit: 111
Bitcore (BTX) - The Future is Now
January 04, 2014, 12:11:47 PM
I am getting 1 coin for every 12 hours and it reads as mined. I have 121 mil in my account.

Does it make any sense? I have 10.0.0 version.

Regular mining generates 1 coin per block found and is basically pointless now.


But I am not mining anything :-)
hero member
Activity: 630
Merit: 502
January 04, 2014, 11:39:20 AM
the thing is, if cryptsy does not update their wallet in time, even if you keep the old version, you and others using the old wallet will connect to each other and stake, then you can sell. the fork is dependent on mutual understanding thst the fix is needed. but if more people choose to be greedy, then......lol



Cryptsy was informed of the update when the update was submitted to GitHub and are definitely using 0.10.0.0

I am getting 1 coin for every 12 hours and it reads as mined. I have 121 mil in my account.

Does it make any sense? I have 10.0.0 version.

Regular mining generates 1 coin per block found and is basically pointless now.

How many trillions are the out there is what i wonder?

If someone will setup abe for cents and process blockchain maybe he can answer that question.. blockchain must have this info

You can get the answer from the client, just go to Command Line Banking, type getinfo and look at the moneysupply line (currently 34.2 Trillion)
full member
Activity: 336
Merit: 111
Bitcore (BTX) - The Future is Now
January 04, 2014, 11:15:06 AM
I am getting 1 coin for every 12 hours and it reads as mined. I have 121 mil in my account.

Does it make any sense? I have 10.0.0 version.
sr. member
Activity: 448
Merit: 250
electroneum.com
January 04, 2014, 11:08:10 AM


No. Read it from the source... go google Proof of Stake whitepaper. If you cannot digest it in words why do I need to go out of my way to make you a picture book?

Well this was a great ride people. Should I keep staking my 3 trillion CENT or should I sell it off and allow the person(s) that are buying it up at a great pace to control 51% of the coins as well as the network hash rate?

Sell half at least because everyone else will be dumping as soon as the monster stake rewards are done. Even if people all held and just sold on their new interest i doubt there would be enough purchasing to lift it above 1 or 2 on the xpm market.

How many trillions are the out there is what i wonder?

YEAH SELL HALF LOL

There are Trillions being BOUGHT on Cryptsy at 1. People are waiting for 12+ hours on Cryptsy to still get in at 1. SELL! So we can BUY  Roll Eyes
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