Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CHC] ChainCoin - Cryptopia & Novaexchange - Required update 0.9.3.2
by
cryptoninjapanda
on 09/01/2018, 09:29:23 UTC

The masternodes are not working at all. As an average, I have 1 payment a week. There is a bug in the code and the miners can keep the whole block reward.
There is a plan to fix it with an update which I doubt will go ahead as it will be definitely voted down by the miners.... Probably a hard form and coinswap the only solution?

Is there info in this thread about this bug you mention in the code?  I'm still on the fence about buying more just to set up a MN; I know how it is to sit on a non-paying or slow paying MN coin....

Welcome to Chaincoin where everything changes daily. Samps the lead dev quit basically so now no one is working on a patch to fix the mn rewards. A completely different patch is in the making. So it now looks like the part of the community that wants to make CHC masternode coin like dash is losing and the part of community that is mostly miners who want whole reward for themselves is winning. To remind everyone Hash plan is to go bitcoin path and to suspend sporks and decrease/disable all MN rewards. In his vision masternodes would get at the most 15% of the block reward that is if they get any. Price is currently going up but if MN owners decide to sell coin will take a severe price hit as 2300 MNs are not sustainable with current rewards. Not saying that it s going back to $1000 market cap it had in February in fact price might even go up but it will no longer be a MN coin and people who want a coin that is run by community of masternode owners will have to go elsewhere.  

Quote from: From_discord_chat
Samps - Today at 8:02 AM
Hello @everyone  in the Chaincoin nation, I did my best to try and hold true to the desires of this community. I apologize I could not move as quickly as others in this space that have more knowledge of block chain than myself. I have been working on this in my spare time along side Hash and others learning as I go. I simply can not provide answers as quickly as this community needs them. Every step requires hours of research on my part. Peoples have invested in this coin and any change requires vetting to ensure people do not lose their investment. If others plan to fork this chain, there is little I can do to help you there. It would be impossible for me alone to provide the level of support needed to go in a different direction. I will continue to be involved, but I can't stop others from imposing their will because Bitcoin as Hash likes to say. I believe under the current circumstances the best thing the community can do is support Hash's plan and move forward to success.
HashUnlimited - Today at 8:32 AM
@Samps There is one thing I want to make clear. I do not have any personal problem with you or your effort, in fact I know first hand how difficult it is even for an experienced developer to get into all that blockchain matter. Initially I have been in the lucky situation to have all environment incl. strong server and mining equipment in place so I was able to jump into trial and error immediately what gave myself a speed kick. But I do have a problem with certain individuals here who are trying to use the general lack of technical knowledge for personal advantage. The immense response from community members actually got me to change to the fast lane, skip a few steps first and start mining several Soft Forks like SegWit latest tomorrow while leaving the cleanup work for later. Don't worry that your work might become useless, we are going to keep the chain safe and our common work can be recovered any time then unless one of the 2 people is pressing the wrong button. Actually I believe in their wisdom and I am pretty confident they are going to go down this road together with us. So far feel free to contact me whenever I can help you moving forward.