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Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 235. (Read 920135 times)

full member
Activity: 168
Merit: 100
Here's Coins Source's Review of Potcoin:

http://www.coinssource.com/crypto-coins/potcoin/

It's not a bad review, its just an honest review.
Potcoin still needs a lot in ways of development and implementation, its still very much the early stages for this coin.

It has a few hurdles in the sense that it hasn't really done much new in the ways of improving upon the standard scrypt algo, but that scoring based on the algo itself isn't really that fair, since more or less the negative scrore could of been avoided simply by choosing a different algo for no reason (like scrypt jane or N-Factor or w.e).

The innovation in Algos has primarily been geared towards escaping ASICS (the entire point scrypt was created in the first place).
Now that scrypt Asics are all over-the place, scrypt in essence seems "pointless".

Things potcoin could do to improve its score
-X11/Jane/N-Factor
(this would quelm the complaints that Potcoin isn't "innovative" enough.
-Keep improving/developing the Android/Mobile Wallets to make them safer more secure and easier to use/more robust/trust worthy.
-Add some kind of encrypted texting to the android wallet of sorts, nothing screams potcoin like being able to text people you want to buy weed off of anonymously lol

The entire point of crypto is:
-Anti Govt
-Anti Banks
-Anti Mega Banker dude buying Asics and owning the universe
-Anti Obama NSA SPY Agency reading your texts and browsing your transactions

Coins that do not embrace those ideals will not last IMO.
IMO Potcoin has essentially been over-run with ASICS , and lets face it, anyone that dumped money into Asics mines scrypt coins at a very low cost (per KW) so they have A LOT of incentive to dump.
The best way to preserve a coins value is to keep it away from cheap per k/w $ mining rigs, as the cost of the mining operation will drive the price up.
That is why coins that cost more to mine, are worth more and coins you can mine with ASICS are worth less, that is why BITCOIN continues to go down in value, because it costs around 20$ to mine a bitcoin that can be sold for almost 500$ (the natural market pressures will make price come down towards cost of production).

ASK yourself this, with an ASIC how much does it cost to mine a single Pot Coin, is the current price of potcoin justified ? Wink I mine Potcoin with ASICS it costs me nothing to mine Pot, I would gladly turn off My ASICS and mine Pot-Coin with GPUS if given the chance, but it is not cost effective/worth it, but if it was the only way to mine Pot the dumping would surely cease.
Quickest way to make Pot go up in value is -> X11 / Jane / N-Factor (raise cost of production)
hero member
Activity: 616
Merit: 500
Looks like an active push to drop the value on Cryptsy, and/or idiots just auto-selling and not caring about the value. Take a look.
hero member
Activity: 658
Merit: 504
So again I ask... has there been a wallet update to patch the OpenSSL / heartbleed exploit or not?

Heartbleed does not really affect Potcoin. It's a clone of Litecoin, which is only affected by Heartbleed under specific circumstances most of us wouldn't encounter:

https://litecointalk.org/index.php?PHPSESSID=rbagl35scv6ore5oel099kndd0&topic=18506.msg157073

But in any case, Potcoin was already patched.

http://www.reddit.com/r/potcoin/comments/22r951/i_think_our_wallets_are_affected_by_the_openssl/

See the post by Smokemon514.
newbie
Activity: 25
Merit: 0
Not that I know of, the wallet was patched for an issue with Kimoto, I always ensure I am running the latest wallet but have nothing about a heartbleed patch.

From a pool side of things I have upgraded SSL on all my servers, the communication to the wallet is handled internally so no risk.

Make sure you are running the latest version of the wallet, update everything that touches your wallet and don't trust exchanges or pools that haven't explicitly explained their position on heartbleed.

In addition I would advise changing your passwords.
full member
Activity: 182
Merit: 100
So again I ask... has there been a wallet update to patch the OpenSSL / heartbleed exploit or not?
newbie
Activity: 25
Merit: 0
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full member
Activity: 154
Merit: 100


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System: Prop Stratum VarDiff
Pay Interval: Every 60 Seconds (for confirmed blocks)
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Current Pool Workers: ~40

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Block Finder Bonus: 6.3 POT (1.5%)
Total Potential Bonus: 3.0% (per block)

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hero member
Activity: 868
Merit: 1000
made a potpage for you


http://cryptobettingindex.com

http://cryptobettingindex.com/potcoin/



you should advertise and i'll make the page really nice your in the top 100 list twice. we have logo ad spots on the list for $5 a month each




they you are on list.


here's how logo makes it 100 %

member
Activity: 112
Merit: 10
full member
Activity: 154
Merit: 100


http://pot.lifeforce.info

System: Prop Stratum VarDiff
Pay Interval: Every 60 Seconds (for confirmed blocks)
Current Hash Rate: ~80 MH/s
Current Pool Workers: ~50

Fee: 0%
Block Reward Bonus: 2%
Block Finder Bonus: 15 POT (3.6%)
Total Potential Bonus: 5.6% (per block)


Multi-Pool Shoutbox: Enabled
Stratums Available: 2
Stratum Locations:    


Are you currently paying your pool to mine? How about instead we pay you 2% to mine with us.
Everyone will get an extra 2% in their payouts...and block finders will receive an extra 15 POT on top of that...




Block Reward @ 2%. Block Finder @ 8.4 POT.
legendary
Activity: 1100
Merit: 1032
Re-enabled the faucet and will monitor things more closely for a few days.

  • added reCaptcha (annoying, I know)
  • blocked TOR
  • increased interval to 24 hours

Donation history is "lost", it's in the old "wallet.dat", which holds about 500 POT at the moment, plus about 200 POT in many "zero confirms" transactions to very probable bots.

Does anyone know how to "purge" that wallet so the POT can be recovered without having all the unconfirmed transactions be sent to the probable bots?
Whenever I remount the wallet, it proceeds to rebroadcast the transactions... of course all those POT are in "change" addresses, which can't be listed easily through the RPC interface...
member
Activity: 110
Merit: 10
Should be a really good sho-ooo-oo-ooo (Ed Simian)
I went over to https://coin-swap.net/market/POT/

There is NO potcoin market there, it is gone.

There is a page that suggests there is, there are pretty tabs for the various pairs.

Clicking on them only takes you to https://coin-swap.net/market the primary markets page and again, there is no POT.

The buggers.
full member
Activity: 140
Merit: 100
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legendary
Activity: 924
Merit: 1000
Bitfarms.io


STATEMENT FROM SUCHPOOL.PW ABOUT DATABASES ISSUES ON 2014-04-19


*NOTE: MINING HAS RESTARTED NOW. Everything that you have mined after the first issue are there, and everything you will mine in the future too.

Dear users,
We lately had two long period of downtimes caused by the databases. Both crashes were related.

At this point, we fully recovered 100% of the data of the second one since we already had put improved backup systems in place.
We have yet to restore the previous balances from the first ~30 hours period, but the values are isolated in what you can see as CREDIT_DUMMY.
We will use the average payout per block you were all getting in that ~30 hour period, and redistribute it faily so everybody will get an amount really close to what they should have.

Please take a look at the statement we posted online, detailing the situation and what has been done to ensure the smallest loss possible.

http://suchpool.pw/docs/statementdb.pdf


If you have any questions, you may contact us at [email protected] (Make sure to mention which pool it is about, your username, your deposit address) We will verify and credit what has to be credited if applicable.

Thanks for mining with us!
full member
Activity: 154
Merit: 100


http://pot.lifeforce.info

System: Prop Stratum VarDiff
Pay Interval: Every 60 Seconds (for confirmed blocks)
Current Hash Rate: ~80 MH/s
Current Pool Workers: ~50

Fee: 0%
Block Reward Bonus: 2%
Block Finder Bonus: 15 POT (3.6%)
Total Potential Bonus: 5.6% (per block)


Multi-Pool Shoutbox: Enabled
Stratums Available: 2
Stratum Locations:    


Are you currently paying your pool to mine? How about instead we pay you 2% to mine with us.
Everyone will get an extra 2% in their payouts...and block finders will receive an extra 15 POT on top of that...


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