Topic: [DVC]DevCoin - Official Thread - Moderated - page 428. (Read 1059181 times)

It's fine as long as you don't run them at the same time (well, some say not to run at the same time, others say it's fine... but I'd be safe).

You don't need to export your key though. Go to c:/users/[username]/appdata/roaming/devcoin/wallet.dat and just back up that file.

The client I'm currently using for DVC is the 0.3.24-beta version.  I'm thinking I'd like to change to the client found here (https://www.box.com/s/crfmuuhe0f32w5g4nt4i) but haven't downloaded it yet.  If I download the next client and try it out, will the old one still run just fine?  Can I have two DVC clients running on the same computer?

The reason I want to possibly switch down the road is that this beta version doesn't seem to have any way for me to back it up or access the private key or anything that would really help in the event my hard drive crashes.  So I want to play around with the next one on the same computer and see if it's a better client.  Will it be OK to do that?

Pretty sure it isn't really dying.

DVC is dying day by day  thats sad, i had much hope in this coin. Why is dying?

Thanks!  Good to know.  I will definitely turn on my laptop more than once a week, though, as I use it for many things besides watching my Devs accumulate--writing Devtome content,  for example 

+1!

Thanks for putting that all in one place.

There is also the option to trade some (definitely not all!) DVC for BTC and buy ASICMINER shares and 1/100 shares over on BTCT.co

There are other securities to at least check out on the various exchanges in various cryptos, but as far as I can tell ASICMINER is the most solid.  Always practice due diligence, etc.

Wiser, how are you gonna invest the crypto coins exactly?  I'm sitting on them cause that's all you can do.

I'm investing in ASIC mining gear which should hopefully allow me to accumulate coins faster than buying them.

You can shut off your laptop while it's generating shares.  I only turn mine on and lower the firewall once per week to see my coins accumulating.  It's safe, your coins just float around looking for your address and once you connect to the node in about 3 minutes all your coins for all those past days will pop up all matured and everything.  

I have to admit that all the stuff about clients (with their private keys and need for backing up) and hardware and mining technology and difficulty along with all the programming behind it is something I find a bit daunting.  For example, I'm wondering if it's even safe for me to turn off my laptop now that my DVC client is getting generated DVC!  Let's just say that I'm a big fan of Coinbase.  It takes some of that off my back and I get a nice BTC wallet.

Sounds like you have a good strategy.  I'm more or less on the same page except that I would like to grow the number of cryptos I have (in the various names I choose to have them) by also investing them rather than just sitting on them.  But of course there is risk involved either way so you have to choose the risk you feel you can live with.

We're still very early.  Very very early.  Just don't sell at the first spike.  Wait for everyone to start buying.  When you hear your neighbors talking about how they're buying crypto cons then that's the time to start selling.

This is how I know its very early. Max 1% of people in the western world are actively involved in crypto coins. 

Also, crypto coins are perceived as a joke by main stream media and wallstreet.  And finally, you need special computer skills to invest.  At least to be computer literate.  That's keeping out the masses.  Something a bitcoin ETF would fix.

Everyone I've told about and sold them on he idea of alt coins when they saw they had to buy hardware or learn about all these different clients to download and how to set up and tweak mining software - after a week they all but one gave up.

So no worries, a year ago would have been ideal to get into this thing but we are definitely very early to the game. Just have enough coins (in various names) so when it spikes you can sell some and still have lots to wait out the real wave.

What is your business?

Edit:  On a broader note, is there a directory out there of businesses that accept payment in Devcoin?  If not, can we start one on the Devtome?  It could be set up very similarly to the front page, where one can add a new business to a "latest" section and then admins can categorize them by business type and location.  I'd be happy to help out with the categorizing part.

So I have a math question.  My address shows up 34 times in the receiver file, which corresponds to the number of shares I have.  Each share is supposed to get 140,955 DVC, but 45,000 are generated at each block.  So where would the remaining 95,955 DVC per share come from?  What am I missing?

Edit:  I think this message answers my question, especially this part:

The number of receiver lines will only be known at block 85,000, when the writer earnings are generated and the receiver file is made. Assuming there are 60 receiver lines this round, each line will get a payment every 60 blocks, and on average each line will receive a total of 180,000,000 devcoins / 60 = 3,000,000 devcoins. For example, if someone made four generation shares from the signing bonus, and two for articles, for a total of six shares, they would get six payments every 60 rounds, or an average of a payment every 10 rounds. Their total payment would be on average 6 * 3,000,000 devcoins = 18,000,000 devcoins. Calculated at one payment every ten rounds, that gives the same figure of 4,000 / 10 * 45,000 devcoins = 18,000,000 devcoins.

So... working through it for the current round and the number of shares I have, the paragraph would read something like this:

The number of receiver lines will only be known at block 93,000, when the writer earnings are generated and the receiver file is made. Assuming there are 1277 receiver lines this round, each line will get a payment every 1277 blocks, and on average each line will receive a total of 180,000,000 devcoins / 1277 = 140,995 devcoins. For example, if someone made ... a total of 34 shares, they would get 34 payments every 1277 rounds, or an average of a payment every 37.5588235... rounds. Their total payment would be on average 34 * 140,995 devcoins = 4,793,830 devcoins. Calculated at one payment every 37.5588235... rounds, that gives the same figure of 4,000 / 37.5588235... * 45,000 devcoins = 4,792,482 devcoins.

I'm assuming the discrepancy between the results of the total number of devcoins when the payout generations are all done is due to rounding error--on my calculator the string of numbers after the decimal point went on for quite a while!  Basically, the part I was missing was that the receiver lines repeat themselves for the duration of the 4,000 blocks in which payouts for round 24 are made.

So... once one begins writing for the Devtome, as long as one keeps up the pace month in and month out, it seems to me that payouts happen pretty much continuously.  Is that right?

This is looking better and better.  Who knew story problems could be so much fun?


Now that my client will be generating Devcoins from now on into the foreseeable future, do I need to leave my computer on to pick up my generated DVCs?  Or is it OK to shut it down for the night and pick up everything that got generated overnight in the morning when I turn it back on?  Just to be safe, I'll keep it turned on for now... until I get a reply.

You are still an early adopter if you are getting into Bitcoin right now...

I bought 1 million devcoin when it was at 0.00000150 and its currently at 0.00000060. I refuse to sell because I know about the profits I still can make. I also accept devcoin through my business as I know of its potential.

If you are right on that point, then that means that even getting into cryptos as late as I am, in the grand scheme of things I'm still very much an early adopter with a lot of upside ahead of me.

The lifecycle is unclear.  It's all too new.  The only dead coins are the ones which didn't survive a 51% attack or scam coins.  Nobody can predict the lifecycle of some of these coins which appear to have made it so far.  We're still in the infancy stage but given this is all digital the growth will be logarithmic.

And just like clockwork, like I've been saying, bitcoin is about to go to walstreet which means mainstream for bitcoin, devcoin and all the rest of the coins. When the masses start investing in alt coins that's when it all starts going in fast forward.  Hyper growth and hyper hype from the media.  The way they mock alt coins now they'll be telling everyone to buy buy buy.

"An orphaned branch of the block chain."  Another new concept for this newbie.  At this point, the meaning is... cryptic!  Yeah, I know no one saw that coming LOL.

Has anyone written an article or made a diagram of the life cycle of a cryptocoin?  If so, I'd like to see it

I thought this was already written just a few posts ago, mined coins require 120 blocks to mature, that is, to be really sure they are not going to turn out to be on an orphaned branch of the blockchain.

This is the same as bitcoin. some recent scamcoins have lowered that number but with their lower hasing power that seems a bad move on their part.

I think in the code its actually 100 blocks but in the user interface its 120, something like that.

-MarkM-

So I see my first 49000 DVC in my wallet.  It says "matures in 118 more blocks." 

So... my brand new Devcoins have to grow up.  That's pretty cool.  Anything I need to do to feed or water them ?

Seriously, though, what is actually meant by "matures?"

... on the learning curve again

I wondered this, so rather than cut/paste other people's opinions on things I know little about here's a link to start of a discussion about it:
https://bitcointalksearch.org/topic/m.1648573 (the relevant posts are scattered and also extend to the following page)

Yes, I have added it as 'Devcoin Talk Forums'. Hopefully that is okay.

-acs26

OK, maybe I *don't* understand.  So... what is it about generated coins that makes web-based wallets unable to receive them.  What is it about them that causes the web-based wallets to either not recognize them or reject them?  What do client wallets have that web wallets don't?

I'm looking to be educated here