Topic: ** LAUNCHED ** CredaCash -- The Most Private Cryptocurrency in the World - page 11. (Read 10537 times)

Hi any updates ?

today we finish minting coins. I am looking forward to the start of this blockchain. This incredible project is completely different from the others. I think it will be at least an interesting event in the world of cryptocurrencies. I wish the developers success and the pursuit of development and success!

CredaCash mining update:

Since the start of mining, 185 million units of currency have been rewarded to miners.  There are 15 million units remaining to be rewarded.

Over the past hour, an average of about 2460 mint transactions have been submitted to the network every minute, and one block has been produced every 15.7 seconds.  That means if your computer can generate 21 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 130000 additional units of currency through the end of the initial mining (if the difficulty does not change).

CredaCash can be mined using almost any computer.  No special hardware is required.  A Quick Start Guide can be found at:
    https://CredaCash.com/quick-start-guide/

yes, it is still sync'ing.  It is currently at level 83374, and needs to get to level 175192+ to be fully sync'ed. Please let us know if minting starts working after ccnode is fully synced. Thank you.

yes it is running.

2019-07-21 20:02:55.785996] [0x00004228] [info]    ProcessBlock received valid block level 83372 witness 0 skip 0 size  452 oid 94 3a e3 af 1d 29 0e ec 10 2b 92 29 c0 81 6a 32 prior a6 7a 67 1c b3 55 81 85 66 4d c3 cf 2b 78 66 6b
[2019-07-21 20:02:55.797996] [0x00004228] [info]    BlockChain::SetNewlyIndelibleBlock announced 758703439 level 83372 witness 0 size 452 oid 94 3a e3 af 1d 29 0e ec 10 2b 92 29 c0 81 6a 32 prior oid a6 7a 67 1c b3 55 81 85 66 4d c3 cf 2b 78 66 6b
[2019-07-21 20:02:55.928993] [0x00004650] [info]    Blocksync Conn 6 Connection::HandleReadCheck error system:10054 An existing connection was forcibly closed by the remote host; read 0 of 0 of 8 bytes
 received block level 83372 witness 0 skip 0 size   452 hash 943ae3.. prior a67a67.. age 18d 13396
[2019-07-21 20:02:55.944995] [0x00004228] [info]    ProcessBlock received valid block level 83373 witness 0 skip 0 size  452 oid b9 95 4f ea 26 30 a4 69 b6 26 21 72 60 7e 5f c2 prior 94 3a e3 af 1d 29 0e ec 10 2b 92 29 c0 81 6a 32
[2019-07-21 20:02:55.953992] [0x00004228] [info]    BlockChain::SetNewlyIndelibleBlock announced 758703530 level 83373 witness 0 size 452 oid b9 95 4f ea 26 30 a4 69 b6 26 21 72 60 7e 5f c2 prior oid 94 3a e3 af 1d 29 0e ec 10 2b 92 29 c0 81 6a 32
[2019-07-21 20:02:55.979995] [0x00001d48] [info]    SmartBuf nobjs 57728 dt 1
 received block level 83373 witness 0 skip 0 size   452 hash b9954f.. prior 943ae3.. age 18d 13378
[2019-07-21 20:02:55.986996] [0x00004228] [info]    ProcessBlock received valid block level 83374 witness 0 skip 0 size  452 oid 0f 41 05 ee 4b f4 7b 18 e7 6c 1d 12 e2 6c dd b3 prior b9 95 4f ea 26 30 a4 69 b6 26 21 72 60 7e 5f c2
[2019-07-21 20:02:56.071995] [0x00004228] [info]    BlockChain::SetNewlyIndelibleBlock announced 758703638 level 83374 witness 0 size 452 oid 0f 41 05 ee 4b f4 7b 18 e7 6c 1d 12 e2 6c dd b3 prior oid b9 95 4f ea 26 30 a4 69 b6 26 21 72 60 7e 5f c2
 received block level 83374 witness 0 skip 0 size   452 hash 0f4105.. prior b9954f.. age 18d 13361
[2019-07-21 20:02:56.097996] [0x00004228] [info]    ProcessBlock received valid block level 83375 witness 0 skip 0 size  452 oid 99 4e 61 88 75 d2 78 01 e9 d8 30 68 ad 47 9c 53 prior 0f 41 05 ee 4b f4 7b 18 e7 6c 1d 12 e2 6c dd b3

or is it still syncing?

That is the output you would get if you start ccnode from scratch and it has not yet received any blocks.  Is ccnode running, and is it displaying new block announcements on its console output?

is this normal?

cc.mint thread 9, elapsed time 24 seconds, Transaction not allowed or invalid
cc.mint thread 2, elapsed time 24 seconds, Transaction not allowed or invalid
cc.mint thread 1, elapsed time 24 seconds, Transaction not allowed or invalid
cc.mint thread 4, elapsed time 25 seconds, Transaction not allowed or invalid
cc.mint thread 3, elapsed time 27 seconds, Transaction not allowed or invalid

thank you!

CredaCash mining update:

Since the start of mining, 175 million units of currency have been rewarded to miners.  There are 25 million units remaining to be rewarded.

Over the past hour, an average of about 2290 mint transactions have been submitted to the network every minute, and one block has been produced every 16.5 seconds.  That means if your computer can generate 21 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 230000 additional units of currency through the end of the initial mining (if the difficulty does not change).

CredaCash can be mined using almost any computer.  No special hardware is required.  A Quick Start Guide can be found at:
    https://CredaCash.com/quick-start-guide/

It is not clear what the words "identical wallet addresses" or "ineffective" mean, nonetheless, if you have five wallets, they will each generate up to 1 million mint transactions. Even if those five wallets were created by copying a single wallet, those 5 million mint transactions will all be unique, so we have no reason to believe this would be any less effective for the purpose of mining, although it has not been well tested and is not recommended.  See:
https://bitcointalksearch.org/topic/m.51491559 (last paragraph)
https://bitcointalksearch.org/topic/m.51535568 (first paragraph)

I mean, five identical wallet addresses, more than a million. Would that be ineffective?

The blockchain is currently at block 155289, and the initial mint will go until block 200012 (the first 12 blocks did not contain mint tx's), so there are 44723 blocks left.

How many blocks left?  44 851 ??

For each block, multiple mint transactions are submitted by multiple users, but only the "best" mint transaction is added to the next block. At the end of the initial mining, there will only be 200000 coins mined (each with a value of 1000), no matter how many mint transactions are submitted.

I wonder if more than one million coins are valid? Because there were no mistakes.

Sorry, it would not be possible to do that at this time--it's not just the wallet, it is also the network, we we're not going to change anything in the network while mining is going on.  This will be enabled around Aug 1, and will require the final production software release which has not yet been posted.

I can open it, it show balance and looks like it is mining but no new blocks even after 12 hours are mined
Usually I get about 1-2 block per hour

Can you provide wallet that is able to transact before mining ends, so I/we can try it? Wouldn't like to lost that if in case it don't work and can be worked out now during mining period.

Eventually you may want to get that first wallet working again so you can transfer the funds out of it (assuming you kept the first wallet).  Let us know and we'll help you try to get it working again.  Email might be easier, so you're welcome to contact us through the contact form on our website.


Yes, apologies, we're very busy...

I had some problems on miners after power loss. I couldn't  get is start again, node and miner are running but no blocks.
New wallet resolved it.

Btw why there is no one on discord chat? You don't have time for regular chats or you will show up after mining period is over?
There is not much use out of discord without dev beige there.

The network rate is continuing to run at about 2400 mint transactions per minute.  It began dropping from its high of around 3600 mint transactions per minute around the same time users began reporting the error message caused by reaching the 1 million mint transaction limit.  This problem is easily worked around by setting up and mining from a second wallet, but it appears not all users have done so.

Thank you for using CredaCash, and please let us know if you run into any problems or have any additional questions.

what is average mint transactions count lately