[Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS)

[ghostbackwards]

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

I mean at this rate we would be hitting the limit of 1 billion coins somewhere between block 9000 and 10000. This does not look good. At the minimum an explanation is needed of what's going on.

[TheCoinFinder]

I would assume that the blockchain will be re-forked to block 7000, after the wallet is fixed, so any transactions after that block will be lost?

[platorin]

Yeah, most likley.

[WALKEN-COIN]

We are past block 7000, and values out from blocks look oddly similar to 20000*sqrt(500+diff) instead of 20000/sqrt(500+diff). I am currently mining WATER and I am starting to get credits of 2000+ coins per block, and I remember that the subsidy should have decreased after block 7000. This is very much unexpected.

Edit: Outstanding is increasing by the value out (see explorer http://cleanwatercoin.altstrade.cc/chain/CleanWaterCoin) which makes the coin inflation extreme.

Can someone from the team look into this issue? Is there a reason to be worried (i.e. a bug) here?

If you can find a dev to look at it I would be amazed, I've been in IRC all day trying to talk to them, no luck. 7+ hours now.

I mean at this rate we would be hitting the limit of 1 billion coins somewhere between block 9000 and 10000. This does not look good. At the minimum an explanation is needed of what's going on.

Bump.

[YouIsPeng]

Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.

[ghostbackwards]

Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.

[33zer0w0lf]

is there an irc channel?  devs whats going on?

[IntroVert]

Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.

I agree, at this point it is important for the team to acknowledge they are aware and looking into this. As for the answer to the issue, it is better to have the right answer rather than a quick one. It is obvious that the transition into block 7001 and later was not tested properly beforehand.

[WALKEN-COIN]

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.

(Agree that "We are looking in to this" needed asap to stop panic posts.)

[ghostbackwards]

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.



(Agree that "We are looking in to this" needed asap to stop panic posts.)

I've been in IRC all day and haven't seen any acknowledgement of the issue.

[WALKEN-COIN]

Probably AFK then. I know at least a couple of them mentioned going to Church on Sunday. Hopefully they check their phones during breaks. 

[33zer0w0lf]

is there an irc channel?  devs whats going on?

I am guessing they are AFK or are feverishly fixing the issue and will subsequently be introducing a wallet update.



(Agree that "We are looking in to this" needed asap to stop panic posts.)

I've been in IRC all day and haven't seen any acknowledgement of the issue.

what irc channel/server?

[xploreredfusion]

It's normal

Code:

else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC

[IntroVert]

It's normal

Code:

else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC

Well, that's what I suspected while back and this is definitely a bug. So, we need to hear them acknowledge it and, once they decide on how to go about it, fix it.

[iiikkkxj]

It's normal

Code:

else if (nHeight >7000 && nHeight <=250000)
        {
            nSubsidy = (int64)((double)(20000 * sqrt(coinDifficulty + 500)) * COIN);
        }
)

nsubsidy = 20000 * sqrt(10+500) = BTCBTCBTC

Well, that's what I suspected while back and this is definitely a bug. So, we need to hear them acknowledge it and, once they decide on how to go about it, fix it.

what a  stupid mistake!  dev let us down !

Block Rewards: From block 0-50 payout will be 1 to ensure a fair launch
1,000 from block 51-7000
                           (20,000)(1/√(Difficulty+500)) from block 7001-250,000
           (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
           (10,000)(1/√(Difficulty+500)) from block 500,001+

[iiikkkxj]

So until block 7k its only 1000 per block?

1000 is THE MOST the block reward will ever be! After block 7000 it will considerably less, dependent on the difficulty.

Regarding the confusion between the conflicting sets of formulae, I think it makes sense to assume that the following is the correct one, otherwise it doesn't really 'ensure a fair launch' ;

Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
            1,000 from block 251-7000
           (20,000)(1/√(Difficulty+500)) from block 7001-250,000
           (15,000)(1/√(Difficulty+500)) from block 250,001-500,000
           (10,000)(1/√(Difficulty+500)) from block 500,001+

This is correct. Sorry, I've been keeping the OP up to date and haven't had a chance to do it on the pool. What's listed on the OP is what is correct, we had to make a few small adjustments to make sure everything runs smoothly. I will go through the last few posts and answer them directly, give me just a few min--lots of things going on so bear with us please. TY

as dev confirmed.

[WALKEN-COIN]

Hello... Devs??? A word or two on what you're doing about this would be nice before everyone starts switching their miners.

The above pic shows the reward increasing from 1000 to 400,000+ unless I am missing something. I am not a miner, but it is obvious that should not be happening.

Luckily, we are not on large xchanges where those coins would subsequentially be dumped!

Dev's will have to introduce a wallet update or fix to reset the blocks to what they are supposed to be at, correct?

[voxelot]

Haha oops

(20,000)(1/√(Difficulty+500)(COIN)) does not equal (20,000)(√(Difficulty+500)(COIN))

452k NSubsidy output vs 888

Basic math ftw.

I also see some leftover code from the Charitycoin script they used to make this.

CScript CHARITY_SCRIPT;

Devs would have to fork the block chain back to the 6999 block at the risk of losing all transaction made from that point.  I believe every minute they wait this is getting worse. 

[binaryclock]

The problems with the daemon are just too much.  I have to spend hours a day fixing issues with the daemon.

Dedicatedpool has offlined CWC until the developers fix this coin.

No coin transfers can take place because the coin keeps erroring out.  I have to spend over 4 hours now fixing the current issues.  

Please contact the developers of CWC to fix this coin daemon if you want your coins transferred.

Please remove dedicatedpool from the pool list.

Thank you,

bc

[WALKEN-COIN]

When supply starts to vastly outpace demand this is what investors start to do...



I have seen it with every coin that decides to venture in to the billions.

Demand can still materialize and create value, how and when is largely up to the dev team. I am sure they will address this as soon as they are back at the helm. Hopefully soon so the boards don't fill up with FUD.