We have an official ANN thread going for the new coin launch:
https://bitcointalksearch.org/topic/anngre-greencoin-a-blockchain-based-social-carbon-ecosystem-957976
So I'm locking this thread now. Please comment in the new thread, thanks!
Topic: GreenCoin [OP upgrade] - A personalized carbon emission offset credit (Read 5853 times)
February 16, 2015, 01:59:28 PM
February 16, 2015, 01:53:08 PM
I'm sorry to be one of those guys, I can't seem to get a clear understanding of how to do the swap :/
Should I PM someone? Or is there a thread dedicated to swaps?
Should I PM someone? Or is there a thread dedicated to swaps?
No apologies necessary! It isn't very clear yet so we should begin to discuss it. I currently do not have an online exchange running and probably wouldn't try to operate one for security reasons. WHat I haven't done yet, but will this week, is ask both Allcoin and Bittrex if they can operate an exchange and that would be the easiest (though they would charge a small fee). In the absence of either of these options I would work with each individual either through PM here or you can email [email protected]. The steps would work like this:
- Ideally you would contact me first with the new GREX address (helpful but not required you would also quote the amount of coins to be exchanged)
- I would reply and send you a unique GRE address to send the old coins to
- Once I receive the coins to the unique GRE address I will send the requisite new GREX coins over to you
February 16, 2015, 01:32:16 PM
I'm sorry to be one of those guys, I can't seem to get a clear understanding of how to do the swap :/
Should I PM someone? Or is there a thread dedicated to swaps?
Should I PM someone? Or is there a thread dedicated to swaps?
February 16, 2015, 01:15:10 PM
Lightsplasher: the CPU algo being used will be disclosed at launch.
We have an official ANN thread going for the new launch:
https://bitcointalksearch.org/topic/anngre-greencoin-a-blockchain-based-social-carbon-ecosystem-957976
We have an official ANN thread going for the new launch:
https://bitcointalksearch.org/topic/anngre-greencoin-a-blockchain-based-social-carbon-ecosystem-957976
February 15, 2015, 09:30:04 PM
Great news! 
Any specifications available yet on PoS? What percent it will pay? Max block reward? Minimum / maximum PoS stake time?
Also, what algorithm will CPU PoW mining use?
Any specifications available yet on PoS? What percent it will pay? Max block reward? Minimum / maximum PoS stake time? Also, what algorithm will CPU PoW mining use?
February 15, 2015, 03:21:48 AM
Official Notice: Important Updates
Background: The GreenCoin Foundation operates its environmental imperative by maintaining a coin (GreenCoin) that had been specifically developed to provide exactly 50% of the coins generated in a newly mined block directly to an address controlled by the Foundation (which are mathematically divided and sent to renewable producers for their relative carbon mitigated useful work). In early December it was observed that the GreenCoin Foundation was not receiving exactly 50% of the coins, as was supposed to be the case per the Foundation specification. It was further determined that one of the pools had been able to defeat the coinbase transaction requirement that 1,000 coins be sent to the Foundation address. The issue was discussed in great detail in this post. Over the course of the last couple of months the Foundation received ca. 500,000 on average per day (as opposed to the ~1,400,00 it was supposed to receive). In order to preserve the integrity of the coin the Foundation purchased the ~900,000 coins necessary to bring the payout balance up to 50% of the total mined balance each day (~36M coins total).
During this time the Foundation also solicited for an individual to develop a solution to the issue. We have since found such a technical lead who has presented a solution that involves releasing a new coin. We are pre-announcing the release so users can ask questions, raise concerns and provide feedback.
Proposed Solution: The Foundation will cease to support the current GreenCoin release. We are releasing a new coin and will only support the new coin going forward. Holders of the old coin will be able to exchange their coins for the new coin for a reasonable, yet limited, amount of time.
Name: GreenCoinX
Symbol: GREX
Release Date: Saturday, February 21, 2015: 8 PM Pacific Standard Time (US).
High Level Overview:
- 100,000,000 (100 million) total coins. The old coin had too many coins which inhibited adoption for a number of reasons.
- A PoW/PoS hybrid, CPU-only mineable coin that significantly reduces power consumption (more green)
- PoS Interest: begins at 100%, gently curves downward depending on number of adopted users. Similar to Novacoin's implementation.
- Updated coin production deflation curve that more closely matches the intended carbon mitigation effect of the coins future use and trajectory (see sch. below)
- An upgraded, less buggy wallet
- Producers will receive new coins (GREX) for their production beginning Sunday Feb. 22.
Wallet Features:
- No IRC (Faster)
- Very Fast Wallet Start (Qt)
- Automatic Sending of Mature Coins to Savings Address
- Built in Block Explorer
- Detailed POW/POS Info
Coin Specs:
1. Coin Specs - POW/POS
2. Algorithm: Mirror - Secure, fast and efficient - 100 x Scrypt speeds - CPU Only at launch
3. Total coins: 100,000,000 (one hundred million)
4. Block Time: 60 seconds target (approximately)
5. Initial coins per block:
6. Coins per block awarded to miners: Stars at 3.7 (50%)
7. Coins per block awarded to Foundation: Starts at 3.7(50%)
8. Halving rate: Gradually decreases from 3.8 to 0 over 40 years - decrease by ~0.1 every year
9. Difficulty Retarget: Every 2 Blocks
10. Confirmations on Transactions: 5 (about 5 minutes)
11. Confirmations on Mined Blocks: 25 (about 25 Minutes)
12. Ports: P2P 7554, RPC 7553
Exchanging old coins:
In the release, there will be 6M pre-mined coins to be held by the Foundation and to be used exclusively for exchanging new coins for old coins. This represents 6% of all of the new coins that can ever be mined (note that when we devised the solution we were near block 300,000 = 600M old coins which is why this number was chosen). In order to allow for timely exchanging, but not support both coins overlapping for too long, we will allow old coins to be exchanged for new coins until block 500,000 of the old coin is reached. At this time there will be 1B total old coins outstanding. Therefore old coins will be exchanged for new coins at a rate of 166.6666667 GRE to 1.00000000 GREX.
We are currently on block ~346,000 for the old coin, and the coin generates about 1,400 blocks per day. Stipulating this rate continues about the same, that will yield over 100 days (or until ~ June 2nd, 2015) for everyone to be able to exchange their old coins for new coins. The Foundation will operate this exchange (and manually so, if need be). We will accept the coins to a central address to be determined. Once a confirmed transaction is received and a new coin (GREX) address supplied, the requisite new coins will be issued to the sender. The old coins will either be sent to a burned address or held in a wallet that we encrypt with an unmemorable password and then destroy the password. We will not utilize the old coin in any way and we will no longer support it.
As always, my goal first and foremost is to be make sure users are being treated as fairly as possible. We welcome feedback and also ask for any assistance that may help the transition be a smooth one. Once this "coin plumbing" issue is behind us, all of the previous discussions around marketing, growth, faucets, and everything else is back on the table, and we plan to begin executing on them very quickly after the release. We are excited by this transition and feel it is in the best interest of the stakeholders and for the global environmental imperative we are attempting to effectuate and to serve.
I will keep updating throughout the week on the location for the code, wallets, and more specific details for the launch.
Coin mining schedule:
Background: The GreenCoin Foundation operates its environmental imperative by maintaining a coin (GreenCoin) that had been specifically developed to provide exactly 50% of the coins generated in a newly mined block directly to an address controlled by the Foundation (which are mathematically divided and sent to renewable producers for their relative carbon mitigated useful work). In early December it was observed that the GreenCoin Foundation was not receiving exactly 50% of the coins, as was supposed to be the case per the Foundation specification. It was further determined that one of the pools had been able to defeat the coinbase transaction requirement that 1,000 coins be sent to the Foundation address. The issue was discussed in great detail in this post. Over the course of the last couple of months the Foundation received ca. 500,000 on average per day (as opposed to the ~1,400,00 it was supposed to receive). In order to preserve the integrity of the coin the Foundation purchased the ~900,000 coins necessary to bring the payout balance up to 50% of the total mined balance each day (~36M coins total).
During this time the Foundation also solicited for an individual to develop a solution to the issue. We have since found such a technical lead who has presented a solution that involves releasing a new coin. We are pre-announcing the release so users can ask questions, raise concerns and provide feedback.
Proposed Solution: The Foundation will cease to support the current GreenCoin release. We are releasing a new coin and will only support the new coin going forward. Holders of the old coin will be able to exchange their coins for the new coin for a reasonable, yet limited, amount of time.
Name: GreenCoinX
Symbol: GREX
Release Date: Saturday, February 21, 2015: 8 PM Pacific Standard Time (US).
High Level Overview:
- 100,000,000 (100 million) total coins. The old coin had too many coins which inhibited adoption for a number of reasons.
- A PoW/PoS hybrid, CPU-only mineable coin that significantly reduces power consumption (more green)
- PoS Interest: begins at 100%, gently curves downward depending on number of adopted users. Similar to Novacoin's implementation.
- Updated coin production deflation curve that more closely matches the intended carbon mitigation effect of the coins future use and trajectory (see sch. below)
- An upgraded, less buggy wallet
- Producers will receive new coins (GREX) for their production beginning Sunday Feb. 22.
Wallet Features:
- No IRC (Faster)
- Very Fast Wallet Start (Qt)
- Automatic Sending of Mature Coins to Savings Address
- Built in Block Explorer
- Detailed POW/POS Info
Coin Specs:
1. Coin Specs - POW/POS
2. Algorithm: Mirror - Secure, fast and efficient - 100 x Scrypt speeds - CPU Only at launch
3. Total coins: 100,000,000 (one hundred million)
4. Block Time: 60 seconds target (approximately)
5. Initial coins per block:
6. Coins per block awarded to miners: Stars at 3.7 (50%)
7. Coins per block awarded to Foundation: Starts at 3.7(50%)
8. Halving rate: Gradually decreases from 3.8 to 0 over 40 years - decrease by ~0.1 every year
9. Difficulty Retarget: Every 2 Blocks
10. Confirmations on Transactions: 5 (about 5 minutes)
11. Confirmations on Mined Blocks: 25 (about 25 Minutes)
12. Ports: P2P 7554, RPC 7553
Exchanging old coins:
In the release, there will be 6M pre-mined coins to be held by the Foundation and to be used exclusively for exchanging new coins for old coins. This represents 6% of all of the new coins that can ever be mined (note that when we devised the solution we were near block 300,000 = 600M old coins which is why this number was chosen). In order to allow for timely exchanging, but not support both coins overlapping for too long, we will allow old coins to be exchanged for new coins until block 500,000 of the old coin is reached. At this time there will be 1B total old coins outstanding. Therefore old coins will be exchanged for new coins at a rate of 166.6666667 GRE to 1.00000000 GREX.
We are currently on block ~346,000 for the old coin, and the coin generates about 1,400 blocks per day. Stipulating this rate continues about the same, that will yield over 100 days (or until ~ June 2nd, 2015) for everyone to be able to exchange their old coins for new coins. The Foundation will operate this exchange (and manually so, if need be). We will accept the coins to a central address to be determined. Once a confirmed transaction is received and a new coin (GREX) address supplied, the requisite new coins will be issued to the sender. The old coins will either be sent to a burned address or held in a wallet that we encrypt with an unmemorable password and then destroy the password. We will not utilize the old coin in any way and we will no longer support it.
As always, my goal first and foremost is to be make sure users are being treated as fairly as possible. We welcome feedback and also ask for any assistance that may help the transition be a smooth one. Once this "coin plumbing" issue is behind us, all of the previous discussions around marketing, growth, faucets, and everything else is back on the table, and we plan to begin executing on them very quickly after the release. We are excited by this transition and feel it is in the best interest of the stakeholders and for the global environmental imperative we are attempting to effectuate and to serve.
I will keep updating throughout the week on the location for the code, wallets, and more specific details for the launch.
Coin mining schedule:
February 13, 2015, 02:46:51 AM
I hope this remains on the market. Would love to continue trading it.
February 10, 2015, 04:27:35 AM
Personally I am stoked with the progress GreenCoin has seen! This is a HUGE undertaking and a long term project and we have a really cool and highly dedicated dev behind the whole thing.
Do your thing Chris:-)
Do your thing Chris:-)
February 10, 2015, 02:01:38 AM
Looking back over the 8 months one thing I can say is interesting and somewhat unexpected was the difficulty in growing an ecosystem where there is a Foundation essentially giving something away for free.
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
come back from the moon pal,
carbon problem is nothing when crypto problems being real:
1. oversupply
2. buggy wallet
3. no block explorer
you can't save the Earth with a buggy wallet
We will be fixing this very soon.
January 26, 2015, 03:45:46 PM
There seems to be some accumulations going on with this coin. Maybe a nice rise in price soon 
I got my bag
Just am bit confused still as to what the real plans are here
[goes to dig for previous responses to my earlier comments]
January 26, 2015, 12:00:06 PM
There seems to be some accumulations going on with this coin. Maybe a nice rise in price soon
January 21, 2015, 03:09:04 PM
Looking back over the 8 months one thing I can say is interesting and somewhat unexpected was the difficulty in growing an ecosystem where there is a Foundation essentially giving something away for free.
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
I feel a big part of the getting people to realize it's true/possible is also simply getting it into their faces, and showing them. In the video you can see one person started it all and then more and more came exponentially. A content funnel would do this, and a good way to get a content funnel going is to have a group of people all create their own content. Best way to do this is to pay them. There's thousands of people all willing to do something for satoshis, for 20mBTC we could do a weekly contest or something. 'Most impressive ways to recycle, record and post to youtube with "Recycling For Greencoin" in the title and this link: http://fake.link.xyz.to.gre in your description'
Thinking "out loud" here lol
January 21, 2015, 02:43:06 PM
Looking back over the 8 months one thing I can say is interesting and somewhat unexpected was the difficulty in growing an ecosystem where there is a Foundation essentially giving something away for free.
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
I was watching "Brain Games" the other night and this segment kind of made sense that way: https://www.youtube.com/watch?v=nAa1OBWJ9Y0
January 21, 2015, 02:39:36 PM
kamronk, Lightsplasher: I love all of these ideas and I'm onboard for content funneling and IRC rain give-a-ways. I'm not the best guy technically to set these up but I can try to help and also there is some budget still available for motivating other folks. Let me know and we can try some specific things.
One caveat is the new coin release is sort of a cliffing event in my mind; it would be best to begin any efforts after the coin plumbing was reset so any coin exchange or other mechanism that needs to occur affects the least number of people. Thoughts?
The block explorer we used to have here went down in early Dec and then came back in the middle of the month for a stretch and then went back down again. You could message "CryptoBlox" and ask him about it (Which I've also done). Seeing more interest might be helpful for him to know it's worth the time. The current coin dev had a working block explorer up for awhile here, but it's offline so I'll ask him about it as well.
I like these ideas and the enthusiasm so I am glad you posted.
One caveat is the new coin release is sort of a cliffing event in my mind; it would be best to begin any efforts after the coin plumbing was reset so any coin exchange or other mechanism that needs to occur affects the least number of people. Thoughts?
The block explorer we used to have here went down in early Dec and then came back in the middle of the month for a stretch and then went back down again. You could message "CryptoBlox" and ask him about it (Which I've also done). Seeing more interest might be helpful for him to know it's worth the time. The current coin dev had a working block explorer up for awhile here, but it's offline so I'll ask him about it as well.
I like these ideas and the enthusiasm so I am glad you posted.
January 21, 2015, 02:35:21 PM
Sorry to be piling on the questions :/
I was curious about a block explorer, is there a functioning one online anywhere right now? Seems the linked explorer is broken. Is there currently a bounty for such a thing?
I was curious about a block explorer, is there a functioning one online anywhere right now? Seems the linked explorer is broken. Is there currently a bounty for such a thing?
There was a bounty for a block explorer and I was working on one for awhile but had some issues. Perhaps when the coin structure is changed a new bounty will be offered, as far as I know there is currently no working block explorer.
January 21, 2015, 02:12:31 PM
Great ideas! I'm all for giveaways marketing and youtube videos. I'm not sure if you looked at my “Riding for Greencoin” video but I sure would like to do other things like that if there is incentive.
Kiwi IRC with bots that “rain” coins are used by many other coins. Any interest in IRC?
New plans for PoS/PoW upgrade sounds promising...
Kiwi IRC with bots that “rain” coins are used by many other coins. Any interest in IRC?
New plans for PoS/PoW upgrade sounds promising...
Is there any kind of giveaways or any kind of marketing planned? Or, by chance is there an upcoming release of something that could benefit from some marketing?
Maybe anyone who posts a youtube video of themselves doing some kind of green activity get's a reward proportionate to the environmental impact of their recorded actions? Would make for a great content funnel if you required the people to put a link to your website in the video description and required a keyword to be in the title of the video.
I feel the purpose behind this coin is great and unique. It's a great niche IMO and is undervalued.
EDIT: I'll contribute GRE or BTC to any idea I propose, I understand if budgets are low that's no problem
Maybe anyone who posts a youtube video of themselves doing some kind of green activity get's a reward proportionate to the environmental impact of their recorded actions? Would make for a great content funnel if you required the people to put a link to your website in the video description and required a keyword to be in the title of the video.
I feel the purpose behind this coin is great and unique. It's a great niche IMO and is undervalued.
EDIT: I'll contribute GRE or BTC to any idea I propose, I understand if budgets are low that's no problem
January 21, 2015, 01:57:49 PM
Sorry to be piling on the questions :/
I was curious about a block explorer, is there a functioning one online anywhere right now? Seems the linked explorer is broken. Is there currently a bounty for such a thing?
I was curious about a block explorer, is there a functioning one online anywhere right now? Seems the linked explorer is broken. Is there currently a bounty for such a thing?
January 21, 2015, 11:51:27 AM
Is there any kind of giveaways or any kind of marketing planned? Or, by chance is there an upcoming release of something that could benefit from some marketing?
Maybe anyone who posts a youtube video of themselves doing some kind of green activity get's a reward proportionate to the environmental impact of their recorded actions? Would make for a great content funnel if you required the people to put a link to your website in the video description and required a keyword to be in the title of the video.
I feel the purpose behind this coin is great and unique. It's a great niche IMO and is undervalued.
EDIT: I'll contribute GRE or BTC to any idea I propose, I understand if budgets are low that's no problem
Maybe anyone who posts a youtube video of themselves doing some kind of green activity get's a reward proportionate to the environmental impact of their recorded actions? Would make for a great content funnel if you required the people to put a link to your website in the video description and required a keyword to be in the title of the video.
I feel the purpose behind this coin is great and unique. It's a great niche IMO and is undervalued.
EDIT: I'll contribute GRE or BTC to any idea I propose, I understand if budgets are low that's no problem
January 21, 2015, 10:22:46 AM
Bought us some more time on trex Hope to hear back from someone soon! I hope to help
Hope to hear back from someone soon! I hope to helpkamronk, my last major update was this comment. I am still working on the coin from the renewable production and carbon offset side of things. I'm in contact with a new interested party that is working on a new PoS/PoW upgrade. This serves to fix the main technical issue that the Foundation does not receive all of their intended coins and provide for some additional updates/upgrades. I'll of course keep everyone updated as to the progress. Pending this release, my plan is to immediately restart and up-armor my efforts to reach new producers and market the coin as a carbon offset credit.
Thanks for getting back with me
POS is a great idea IMO, especially considering the green aspect of it's energy consumption.
I look forward to the future here, do you guys have a slack or a skype or somewhere that ideas can be posted? I don't know how much community involvement you are interested in but I'd like to share some ideas if they're welcome
January 21, 2015, 12:56:54 AM
Bought us some more time on trex Hope to hear back from someone soon! I hope to help
Hope to hear back from someone soon! I hope to helpkamronk, my last major update was this comment. I am still working on the coin from the renewable production and carbon offset side of things. I'm in contact with a new interested party that is working on a new PoS/PoW upgrade. This serves to fix the main technical issue that the Foundation does not receive all of their intended coins and provide for some additional updates/upgrades. I'll of course keep everyone updated as to the progress. Pending this release, my plan is to immediately restart and up-armor my efforts to reach new producers and market the coin as a carbon offset credit.
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