Historic Cryptogenic Bullion thread - CLOSED - page 127.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: FredDag on November 19, 2013, 11:34:37 PM

Quote from: ethought on November 16, 2013, 01:28:05 PM

Deleted the whole CGB directory and started again. Same error.

"errors" : "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers."

Undecided

Same here...

Fresh install attempted 3 times on Win7 Premium.
Still getting... "errors" : "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers."

Post a screen shot of your client. Make sure you're running v1.1.6.4.

But in the meantime...make sure you do a fresh install like so:

First, make sure you have a backup of your wallet.dat file.

Next, a fresh install means taking out your wallet.dat file from your AppData/Roaming/CryptogenicBullion folder and temporarily putting it on your desktop, then deleting the AppData/Roaming/CryptogenicBullion folder and everything in it. Then run the client. Once it syncs and you are not getting the checkpoint message then close your client and replace the new wallet.dat the client just made with the one you temporarily placed on your desktop. Then run your client and allow for your balance to confirm once the block chain is scanned.

FredDag

sr. member

Activity: 436

Merit: 250

Quote from: ethought on November 16, 2013, 01:28:05 PM

Deleted the whole CGB directory and started again. Same error.

"errors" : "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers."

Undecided

Same here...

Fresh install attempted 3 times on Win7 Premium.
Still getting... "errors" : "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers."

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: Majormax on November 19, 2013, 08:28:03 PM

Quick query: My client has just mined 6 stake transactions in the last 30 mins, but one of them is showing as 'Offline . Generated but not accepted'. The others are confirming normally. Do I need to take any action ?

BTW, I fixed the checkpoint error with a clean instal.

I'm glad you fixed the checkpoint issue.

If the staked coins haven't returned to confirmed then just go to the debug->help console and type the command: repairwallet. Other than that, no action needed, it's like an orphan. Happens sometimes...

Majormax

legendary

Activity: 2534

Merit: 1129

Quick query: My client has just mined 6 stake transactions in the last 30 mins, but one of them is showing as 'Offline . Generated but not accepted'. The others are confirming normally. Do I need to take any action ?

BTW, I fixed the checkpoint error with a clean instal.

pgbit

sr. member

Activity: 771

Merit: 258

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: mercSuey on November 18, 2013, 08:33:22 PM

Quote from: pgbit on November 18, 2013, 08:14:30 PM

thanks for the info - can you show me how I tell if interest is added, and tell me if anything should appear at 2 months-ish after starting wallet? I have had a wallet for a while, but not immediately seeing how I can tell any interest is added. Would I have to export data? There have been some ingoing / outgoing transactions, but there have always been coins in the wallet for over 2 months.

I will write a thorough guide and explanation to answer all your questions by tomorrow.

Thanks, appreciated.

Dragooon

member

Activity: 88

Merit: 10

Thanks for the explanation mercSuey

Quote from: Majormax on November 18, 2013, 06:27:01 PM

Quote from: mercSuey on November 18, 2013, 12:48:27 PM

Quote from: Dragooon on November 18, 2013, 12:38:25 PM

I was thinking about this, so how does this go? BTC goes up, everything else goes down.

Because the exchange rate CGB/BTC is based on BTC. Just look at it using numbers: 1/10 , 1/100 , 1/1000 = .1 , .01 , .001
You can see as the denominator (bottom number) increases from 10 to 100 to 1000, the overall number gets smaller.

But the dollar amount is still looking good: http://coinmarketcap.com/

Quote

Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

Yeah, because strong holders take up the supply so that the next leg up has less selling pressure.

The wise strategy is to build reserves in order to buy the quality alts whilst BTC is ramping. When the price breaks, you will be able to pick up the better coins just before they make their next moves up. I am picking up small amounts of CGB as and when it is offered low, but the big game hass a small window of opportunity.

I've bought an initial amount and am holding onto it for a few months, even if BTC crashes it'll come back up like always and I see CGB going up given these recent announcements (it's already holding steady at a price higher than what I bought them for), since the money I invested in it was secondary I can hold them indefinitely.

xmast

newbie

Activity: 44

Merit: 0

Quote from: mercSuey on November 18, 2013, 08:33:22 PM

Quote from: pgbit on November 18, 2013, 08:14:30 PM

thanks for the info - can you show me how I tell if interest is added, and tell me if anything should appear at 2 months-ish after starting wallet? I have had a wallet for a while, but not immediately seeing how I can tell any interest is added. Would I have to export data? There have been some ingoing / outgoing transactions, but there have always been coins in the wallet for over 2 months.

I will write a thorough guide and explanation to answer all your questions by tomorrow.

I think you could do it. Make cgb vosstrebovan on the market. But in any case does not belong to the project carelessly. Maintain and develop.
Remember that on how you react to the project with him so and be it.
I fully support and he became a holder cgb.
So far, very few people know about cryptogenic Bullion. If you plug in the Chinese ...
It seems to me that you take care of the success of their project.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: pgbit on November 18, 2013, 08:14:30 PM

thanks for the info - can you show me how I tell if interest is added, and tell me if anything should appear at 2 months-ish after starting wallet? I have had a wallet for a while, but not immediately seeing how I can tell any interest is added. Would I have to export data? There have been some ingoing / outgoing transactions, but there have always been coins in the wallet for over 2 months.

I will write a thorough guide and explanation to answer all your questions by tomorrow.

pgbit

sr. member

Activity: 771

Merit: 258

Trident Protocol | Simple «buy-hold-earn» system!

thanks for the info - can you show me how I tell if interest is added, and tell me if anything should appear at 2 months-ish after starting wallet? I have had a wallet for a while, but not immediately seeing how I can tell any interest is added. Would I have to export data? There have been some ingoing / outgoing transactions, but there have always been coins in the wallet for over 2 months.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: pgbit on November 18, 2013, 07:40:04 PM

The OP reads "~1,000,000 CryptogenicBullion with 0.5% annual PoW inflation", and the website refers to 1.5% interest. I am a little unclear about how this works or is applied in practise. Does this mean if you store CGB in your CGB wallet for a year, 1.5% is accrued? Is there a way to calculate any timing of this? Thanks for any explanation...

The 0.5% PoW inflation refers to the coins minted via "Proof-of-work" mining.

The annual ~1.5% interest is the minting from Proof-of-Stake (PoS), which is paid out to coins which have been stationary in a wallet for at least 30 days.

Here are some links:

https://en.bitcoin.it/wiki/Proof_of_work

http://bitcoin.stackexchange.com/questions/9082/what-is-proof-of-stake

https://en.bitcoin.it/wiki/Proof_of_Stake

pgbit

sr. member

Activity: 771

Merit: 258

Trident Protocol | Simple «buy-hold-earn» system!

The OP reads "~1,000,000 CryptogenicBullion with 0.5% annual PoW inflation", and the website refers to 1.5% interest. I am a little unclear about how this works or is applied in practise. Does this mean if you store CGB in your CGB wallet for a year, 1.5% is accrued? Is there a way to calculate any timing of this? Thanks for any explanation...

rampalija

full member

Activity: 154

Merit: 100

Quote from: Majormax on November 18, 2013, 06:27:01 PM

Quote from: mercSuey on November 18, 2013, 12:48:27 PM

Quote from: Dragooon on November 18, 2013, 12:38:25 PM

I was thinking about this, so how does this go? BTC goes up, everything else goes down.

Because the exchange rate CGB/BTC is based on BTC. Just look at it using numbers: 1/10 , 1/100 , 1/1000 = .1 , .01 , .001
You can see as the denominator (bottom number) increases from 10 to 100 to 1000, the overall number gets smaller.

But the dollar amount is still looking good: http://coinmarketcap.com/

Quote

Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

Yeah, because strong holders take up the supply so that the next leg up has less selling pressure.

The wise strategy is to build reserves in order to buy the quality alts whilst BTC is ramping. When the price breaks, you will be able to pick up the better coins just before they make their next moves up. I am picking up small amounts of CGB as and when it is offered low, but the big game hass a small window of opportunity.

very small windows of opportunity i agree with you tottaly

If you dont risk you wouldn have a greater profit

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: mercSuey on November 18, 2013, 12:48:27 PM

Quote from: Dragooon on November 18, 2013, 12:38:25 PM

I was thinking about this, so how does this go? BTC goes up, everything else goes down.

Because the exchange rate CGB/BTC is based on BTC. Just look at it using numbers: 1/10 , 1/100 , 1/1000 = .1 , .01 , .001
You can see as the denominator (bottom number) increases from 10 to 100 to 1000, the overall number gets smaller.

But the dollar amount is still looking good: http://coinmarketcap.com/

Quote

Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

Yeah, because strong holders take up the supply so that the next leg up has less selling pressure.

The wise strategy is to build reserves in order to buy the quality alts whilst BTC is ramping. When the price breaks, you will be able to pick up the better coins just before they make their next moves up. I am picking up small amounts of CGB as and when it is offered low, but the big game hass a small window of opportunity.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: Dragooon on November 18, 2013, 12:38:25 PM

I was thinking about this, so how does this go? BTC goes up, everything else goes down.

Because the exchange rate CGB/BTC is based on BTC. Just look at it using numbers: 1/10 , 1/100 , 1/1000 = .1 , .01 , .001
You can see as the denominator (bottom number) increases from 10 to 100 to 1000, the overall number gets smaller.

But the dollar amount is still looking good: http://coinmarketcap.com/

Quote

Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

Yeah, because strong holders take up the supply so that the next leg up has less selling pressure.

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: Dragooon on November 18, 2013, 12:38:25 PM

Quote from: miffman on November 18, 2013, 12:30:07 PM

The BTC price is affecting CGB again. I think I'm gonna take the advice and not look at the price till next year

I was thinking about this, so how does this go? BTC goes up, everything else goes down. Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

Typically bitcoin goes up against fiat and alts stay steady in fiat but appear to drop because they are measured against btc. Once btc levels off, good alts make a run and catch up, some gain ground. Exceptions do occur, but this is the usual flow.

Dragooon

member

Activity: 88

Merit: 10

Quote from: miffman on November 18, 2013, 12:30:07 PM

The BTC price is affecting CGB again. I think I'm gonna take the advice and not look at the price till next year

I was thinking about this, so how does this go? BTC goes up, everything else goes down. Then BTC crashes and everything else goes up and then BTC goes up again in a more sensible way?

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: miffman on November 18, 2013, 12:30:07 PM

The BTC price is affecting CGB again. I think I'm gonna take the advice and not look at the price till next year

Exactly, keep the big picture in focus. Just look at btc and now ltc! Imagine what is going to happen as Merc's project grows and CGB gets on major exchanges - then CHINA. Hang tight my friends, we are a short 5 months into this
Wink

miffman

legendary

Activity: 1904

Merit: 1005

PGP ID: 78B7B84D

The BTC price is affecting CGB again. I think I'm gonna take the advice and not look at the price till next year

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: Timelord2067 on November 17, 2013, 07:46:37 PM

Just a quick question about the PoS blocks; are they added to overall the tally of blocks? What I mean is say when the blocks were at 144,000 and all of a sudden a couple of thousand blocks of 'staked' coins were generated, and the number of blocks then jumped to 146,000 (am going from memory that the reward halved at 145,000) does that mean there are actually less coins created than first thought, or is there a mechanism to know the currant number of coins separate to the number of blocks created?

Yes, they are part of the block chain tally. The block explorer has the total number of coins under the 'Outstanding' column: http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

And http://coinmarketcap.com has that info as well.

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Just a quick question about the PoS blocks; are they added to overall the tally of blocks? What I mean is say when the blocks were at 144,000 and all of a sudden a couple of thousand blocks of 'staked' coins were generated, and the number of blocks then jumped to 146,000 (am going from memory that the reward halved at 145,000) does that mean there are actually less coins created than first thought, or is there a mechanism to know the currant number of coins separate to the number of blocks created?

Topic: Historic Cryptogenic Bullion thread - CLOSED - page 127. (Read 286626 times)