Topic: [Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS) - page 110. (Read 195729 times)

What happens to the coins that have been traded on the exchanges.  Are people who have paid BTC to buy WATER going to loose their coins if they were mined after the 7000 block?

Most GPU miners, no matter how big their farm, operate on a very tight profit margin. Forking back to block 7000 would basically penalize them instead of the devs for this mistake. Losing even an hour or two of mining means they have a net loss for the day..............not to mention the net loss they will already have since so many coins have been dumped. Forking at 7200 rewards them for supporting the coin and network, without doing major damage to the coin itself.

As it stands, even the miners that were loyal and benefit from a fork at 7200, they are still operating at near a net loss until prices can recover.

Well, on the bright side, great time to buy em' cheap and ramp up your PoS!   

It would seem the devs have not heard of Testnet.  Does anybody actually know who the devs are?

We are calculating at different time intervals, me daily, you 200 blocks, and both numbers are correct and ugly. I hope fix can be delivered at block 7200, however my bigger issue is why this was not tested against. The team needs to decide if they are just going to fix this and pray there are no other issues or conduct a more comprehensive code review, needing more time which is obviously in short supply.

Did hash rate increase soon as the big rewards hit?

Unfortunately it is a bit late for that. Prices are already down to 10 satoshi.

As I type this we are on block 7127, and a "fix" shouldn't take more than an hour or two more. That means the fix could be out by block 7200. 200 blocks @450k WATER is ~90million....not the 324million that you state.

But that would fit well with the hidden christian agenda...kinda like the resurrection.

Stop trading too!

That is why the code needs to be fixed ASAP, not after a day or 2. As previously pointed out it it were done by block 7200 that would only be 9% of the total coin supply.

I don't think option 2 is palatable. There are 86400 sec/day which divided by 120 sec/block gives a total 720 blocks mined per day @ 450K WATER = 324 Million WATER/day. This means that supply is exhausted sometime on Wednesday, meaning that even if a fix is provided by that time, majority of the coins, if not all, would be mined. 

Edit:Also, if this is allowed to stand the amount of transactions that are the basis for getting funding for the charity would be drastically reduced, which I don't think is the best for the future of CWC.

I apologize for not coming back earlier to follow up with this post. I wanted to put together a full investigative report together, but have not had the time. I, also, apologize if someone else has already brought this subject up and I missed it. I would quote your post if it exists, but I have not read the thread since I posted the 34th post. I know it is not addressed in the OP so it seems the subterfuge is still ongoing.

In short, this coin needs to be mined into the dirt and buried. Period.

This coin hates all religions except for one.
You must listen to the preaching of the chosen religion to receive clean water.

What a noble cause.

1st Nonprofit Organization Coin should read: 1st Nonprofit Hidden Agenda Christian Conversion Organization Coin.

You are secretly being duped to spread the word of jesus by mining and supporting this coin. The charity water organization has been documented multiple times revealing this. Charity water is great at branding and misleading the public. I would not be surprised if some of the "devs" of this coin are not in integral positions of the charity water organization itself.

And it is a documented norm of said organization to not upkeep the well at all so many, if not most, of the wells drilled are inoperable today. The amount of pocket lining of the person behind the charity and local religious cohorts on the ground constructing these illusions is nauseating.

When you peel back a few layers of the onion it will smack you square in the forehead like Benny Hinn or Claude Smoot.

https://www.youtube.com/watch?v=lauz2_0TOXM

http://www.youtube.com/watch?v=hnbVqwV8aw4


These type of shenanigans are the requirement for children to get clean water from "charity" (sickening):
http://www.youtube.com/watch?v=LACyLTsH4ac

Further reading:

http://truth-out.org/opinion/item/13814-the-problem-with-charity-water

This is the charity that sparked the charity water organization.


Needless to say, I hope all coins mined between block 7000-7200 are dumped immediately.

It might as well be ScientologyCoin. Birds of a feather as they say.

I'd rather the miners get that bonus than to get royally screwed out of hours of mining. Most were mining anyway and have no idea any of this has happened.

That is 9% of the total currency split up amongst....I have no idea how many people were mining during those blocks.

While ~90million sounds like a lot, it isn't that much when it is part of 1 billion lol.

I can't do anything.  I have over 400 transactions that are failed and the database is a complete mess.  ETA 5-6 hours?  But I'm not even turning it back on until the daemon is fixed!  We need a proper fix from the developers.

We have been asking to fix the problem for over seven (7) days now and they have known about it.

Stay on this forum.  As soon as there is a proper fix I will put the daemon back online.  Until then, there is nothing I can do.  Because of the size of dedicatedpool, almost every transfer is well over 15k and breaks the database/crons/transfers, etc!

That is like hitting the lotto if this coin ends up going anywhere.

@binaryclock is there an ETA on when we will be able to withdraw CWC? I know the daemon has been a b!tch for you and I'm not rushing.....but also not wanting to simply lose me coins

Sure if you can manage to break the elliptic curve over finite prime field cryptography that secures bitcoin.

And that is quite the reward for the lucky few that mined between blocks 7000-7200.