Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Verus (VRSC) - zk-SNARK privacy, CPU-mining, 50/50 POW/POS, fair launch
by
miketout
on 25/05/2018, 22:45:43 UTC
Hi,

this morning two lines appeared in my wallet transactions list, but they're still immature after more than 700 confirmations. Destination adresses don't seem to be mine, and the addresses have a different format, beginning with letter "b". What are them?

https://i.imgur.com/60p8FPz.png

I'm having the same problem.

https://imgur.com/a/N5isvCz

I think it's because all these 'b' transcation was locked, for details, read some reply above, and you will see why, it's not a mistake or bug

Sorry I missed that in the first post - thanks for clarifying!

Quoting portion of OP's post here for others to reference as well:

Quote
Reward:           1 week smooth linear ramp from 0 to 384, then halving every month (43,200 blks)
                        for the following 5 months and every 2 years thereafter. All rewards over 192 Verus
                        are time locked to mature at a random block between 129,600 and 1,181,520



OK! So, the number next to immature must be the block that line will be released to the wallet.

So all coins that we will get for POW mining will be locked?
What's the point of mining if I can't use my coins 2 years?



It won't be to get rich quick for any of us, but the blocks right now are time locked because they are so large. I'm not worried about the time locks, and I have to deal with them the same as you. With them, early participants will be rewarded for participating, but there will never be a flood of supply that overruns the potential for miners or stakers to reap rewards from their immediate work. The time locks now are in exchange for the larger, early rewards. You can also wait until rewards are 96 coins per block, and there won't be time locks at that time. You also might get lucky and get one that opens in 3 months.