[Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS) - page 174.

DigitalDrops

newbie

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Quote from: berone on March 30, 2014, 12:24:33 AM

is this the first charity coin? i'm wondering it is used for charity? You must make it clear

We are the first legally registered Non-Profit Organization that is setup as a Crytptocurrency coin to our knowledge. We are still working out the official 501(c)3 status, but that is en route.

See below:

Quote from: DigitalDrops on March 28, 2014, 02:03:26 PM

Official Update: Signed NPO Registration Document

Some have been asking or questioning the legitimacy of Clean Water Coin,
so we scanned the filing/registration document signed by the Secretary of State recognizing
and approving our Non-Profit Organization in the State of California.

You can also verify the registration of CWC by searching "Clean Water Coin" & selecting the corporations field here: http://kepler.sos.ca.gov/

berone

newbie

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is this the first charity coin? i'm wondering it is used for charity? You must make it clear

CleanWaterCoin

full member

Activity: 196

Merit: 100

Quote from: fartbags on March 30, 2014, 12:17:47 AM

My biggest problem with this coin is:

Difficulty Re-Target Time: Every block
Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
Pre-Launch Coins: 10,000,000 Dispersed entirely to investors**

Unless I can get a large bag of coins for free there is no point in being loyal to this coin.

I might mine it from block 250 to 7000 since my calculation estimates the block payouts after that might be around 25 to 200 a block and they are 1000 until block 7000.

I won't make enough coins that I will want to support this coin and promote it though. I will just hold them for years and let other people do the work.

You calculations are off good sir. Here are some approximate payouts based on diffs: 10 diff = 885 coins per block, 20 diff = 877 coins per block, 100 diff = 816 coins per block

It is worth while mining at all times.

fartbags

legendary

Activity: 1190

Merit: 1004

My biggest problem with this coin is:

Difficulty Re-Target Time: Every block
Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
Pre-Launch Coins: 10,000,000 Dispersed entirely to investors**

Unless I can get a large bag of coins for free there is no point in being loyal to this coin.

I might mine it from block 250 to 7000 since my calculation estimates the block payouts after that might be around 25 to 200 a block and they are 1000 until block 7000.

I won't make enough coins that I will want to support this coin and promote it though. I will just hold them for years and let other people do the work.

DigitalDrops

newbie

Activity: 42

Merit: 0

Quote from: fartbags on March 30, 2014, 12:07:46 AM

There is plenty of water in the world.

There will probably be 2 or 3 more coins after this supporting water.

Mind = blown

fartbags

legendary

Activity: 1190

Merit: 1004

There is plenty of water in the world.

There will probably be 2 or 3 more coins after this supporting water.

bitwarrior

legendary

Activity: 1764

Merit: 1000

So who will be selling a better quality water?

666#666

member

Activity: 462

Merit: 10

Quote from: fartbags on March 29, 2014, 11:42:29 PM

H2Ocoin just came out yesterday and had a perfect launch. I guess that doesn't matter though. Just another coin to waste time with.

you missed a lot of things buddy, that's their third times re-launch ! perfect ? LOL

fartbags

legendary

Activity: 1190

Merit: 1004

H2Ocoin just came out yesterday and had a perfect launch. I guess that doesn't matter though. Just another coin to waste time with.

CleanWaterCoin

full member

Activity: 196

Merit: 100

Quote from: bitwarrior on March 29, 2014, 11:14:00 PM

Quote from: CleanWaterCoin on March 29, 2014, 10:41:51 PM

Quote from: YouIsPeng on March 29, 2014, 09:01:52 PM

Quote from: coin_coin on March 29, 2014, 08:57:54 PM

Quote from: YouIsPeng on March 29, 2014, 08:42:30 PM

Why would you put a massive countdown on the 'official' page http://www.cleanwatercoin.org if it wasn't the official launch time?

yes, i saw. but am confused with this "Clean Water Coin will be launching on March 30, 2014. Time is TBD." on the same website, the countdown is under this word.
i think everyone should be confused as me .

I didn't notice that convenient get-out clause!

Devs - please clarify!!

Sorry about that, that should have been taken out some time ago. Updating the site now. Also, the count down was syncing to local time zones so it was showing a different time based on where you live, we are updating that as well. The official launch time is 5 pm EST (which is 10 pm GMT I believe).

Come on guys, that count down timer has been there for how many days now and a few hours hours to the countdown you bother to take notice of it and rectify it?
It might have been better just post the exact time of launch there in UTC and dont bother with the count down at all and remove it.

Just one of those things that's easy to slip between the cracks. Another countdown has been available here: http://www.altcoincalendar.info/coins/276-WATER?utm_campaign=CleanWater&utm_medium=banner&utm_source=leftad since we announced. In any event, we're sorry we didn't catch it sooner--it has been fixed tho.

DigitalDrops

newbie

Activity: 42

Merit: 0

Quote from: kelvinliong on March 29, 2014, 03:27:49 AM

Sent 0.2 BTC to the pre-launch coin address Grin

Please add the ID

Thanks kelvinliong!! One of the founders should have reached out to you by now, please confirm... it's been a busy day over here

bitwarrior

legendary

Activity: 1764

Merit: 1000

Quote from: CleanWaterCoin on March 29, 2014, 10:41:51 PM

Quote from: YouIsPeng on March 29, 2014, 09:01:52 PM

Quote from: coin_coin on March 29, 2014, 08:57:54 PM

Quote from: YouIsPeng on March 29, 2014, 08:42:30 PM

Why would you put a massive countdown on the 'official' page http://www.cleanwatercoin.org if it wasn't the official launch time?

yes, i saw. but am confused with this "Clean Water Coin will be launching on March 30, 2014. Time is TBD." on the same website, the countdown is under this word.
i think everyone should be confused as me .

I didn't notice that convenient get-out clause!

Devs - please clarify!!

Sorry about that, that should have been taken out some time ago. Updating the site now. Also, the count down was syncing to local time zones so it was showing a different time based on where you live, we are updating that as well. The official launch time is 5 pm EST (which is 10 pm GMT I believe).

Come on guys, that count down timer has been there for how many days now and a few hours hours to the countdown you bother to take notice of it and rectify it?
It might have been better just post the exact time of launch there in UTC and dont bother with the count down at all and remove it.

CleanWaterCoin

full member

Activity: 196

Merit: 100

Quote from: YouIsPeng on March 29, 2014, 09:01:52 PM

Quote from: coin_coin on March 29, 2014, 08:57:54 PM

Quote from: YouIsPeng on March 29, 2014, 08:42:30 PM

Why would you put a massive countdown on the 'official' page http://www.cleanwatercoin.org if it wasn't the official launch time?

yes, i saw. but am confused with this "Clean Water Coin will be launching on March 30, 2014. Time is TBD." on the same website, the countdown is under this word.
i think everyone should be confused as me .

I didn't notice that convenient get-out clause!

Devs - please clarify!!

Sorry about that, that should have been taken out some time ago. Updating the site now. Also, the count down was syncing to local time zones so it was showing a different time based on where you live, we are updating that as well. The official launch time is 5 pm EST (which is 10 pm GMT I believe).

CleanWaterCoin

full member

Activity: 196

Merit: 100

Quote from: YouIsPeng on March 29, 2014, 09:10:56 PM

Quote from: Urban Dressing on March 29, 2014, 08:52:35 PM

So until block 7k its only 1000 per block?

1000 is THE MOST the block reward will ever be! After block 7000 it will considerably less, dependent on the difficulty.

Regarding the confusion between the conflicting sets of formulae, I think it makes sense to assume that the following is the correct one, otherwise it doesn't really 'ensure a fair launch' ;

Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
1,000 from block 251-7000
(20,000)(1/√(Difficulty+500)) from block 7001-250,000
(15,000)(1/√(Difficulty+500)) from block 250,001-500,000
(10,000)(1/√(Difficulty+500)) from block 500,001+

This is correct. Sorry, I've been keeping the OP up to date and haven't had a chance to do it on the pool. What's listed on the OP is what is correct, we had to make a few small adjustments to make sure everything runs smoothly. I will go through the last few posts and answer them directly, give me just a few min--lots of things going on so bear with us please. TY

BTCspoon

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Merit: 100

YouIsPeng

full member

Activity: 175

Merit: 100

Quote from: Urban Dressing on March 29, 2014, 08:52:35 PM

So until block 7k its only 1000 per block?

1000 is THE MOST the block reward will ever be! After block 7000 it will considerably less, dependent on the difficulty.

Regarding the confusion between the conflicting sets of formulae, I think it makes sense to assume that the following is the correct one, otherwise it doesn't really 'ensure a fair launch' ;

Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
1,000 from block 251-7000
(20,000)(1/√(Difficulty+500)) from block 7001-250,000
(15,000)(1/√(Difficulty+500)) from block 250,001-500,000
(10,000)(1/√(Difficulty+500)) from block 500,001+

YouIsPeng

full member

Activity: 175

Merit: 100

Quote from: coin_coin on March 29, 2014, 08:57:54 PM

Quote from: YouIsPeng on March 29, 2014, 08:42:30 PM

Why would you put a massive countdown on the 'official' page http://www.cleanwatercoin.org if it wasn't the official launch time?

yes, i saw. but am confused with this "Clean Water Coin will be launching on March 30, 2014. Time is TBD." on the same website, the countdown is under this word.
i think everyone should be confused as me .

I didn't notice that convenient get-out clause!

Devs - please clarify!!

coin_coin

full member

Activity: 182

Merit: 100

Quote from: YouIsPeng on March 29, 2014, 08:42:30 PM

Why would you put a massive countdown on the 'official' page http://www.cleanwatercoin.org if it wasn't the official launch time?

yes, i saw. but am confused with this "Clean Water Coin will be launching on March 30, 2014. Time is TBD." on the same website, the countdown is under this word.
i think everyone should be confused as me .

Urban Dressing

newbie

Activity: 31

Merit: 0

So until block 7k its only 1000 per block?

coin_coin

full member

Activity: 182

Merit: 100

Bitcointalk :
Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
1,000 from block 251-7000
   (20,000)(1/√(Difficulty+500)) from block 7001-250,000
   (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
   (10,000)(1/√(Difficulty+500)) from block 500,001+

official pool :
Block Rewards: 1,000 from block 2-7000
   (20,000)(1/√(Difficulty+500)) from block 7001-250,000
   (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
   (10,000)(1/√(Difficulty+500)) from block 500,001+

no matter which one is right, but you should update this , and no more same mistake , i am serious.

Topic: [Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS) - page 174. (Read 195732 times)