Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
usukan
on 12/07/2014, 09:33:45 UTC
feck this - new transaction just thru (wallet open, minting and NO SPENDS) - lost all my gains in stakes according to my new balance - back to square 1........

WTF?

total waste of space


Ultracoin qt.exe seems still working - using on average 1Mbps on network, 3-6.5% CPU and 160 MB memory - I will let it run a bit and see what happens.

Thanks for your answer allyouracid


This POS worked well (VERY WELL - 100's of coins) for about 4 hrs

Then it all stopped - I have waited a further 7 hrs for anything to happen?  I assumed it was because:

"Staked coins must wait 520 blocks before they can return to balance and be spent. When you generated this proof-of-stake block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be a valid stake. This may occasionally happen if another node generates a proof-of-stake block within a few seconds of yours."

520 blocks = about 4.3 hrs (30 sec blocks?)

but still nothing happening well after 4.3 hrs.  Do I have to wait a week before it starts again?

I have not spent or recd any coins - or closed my wallet. Has it frozen?

Should I restart my wallet?  Will I lose my stake so far if I do?

any advice?

Thanks



Note that your wallet is not encrypted - that's usually a good idea so you dont lose your coins


Can someone explain this? 4 deposits of 0.00 to no address showing up in my wallet?



Someone should write something up about the wallet UI and how the POS and minting are setup and displayed. At first glance, those mysterious 0.00 transaction records don't help either.
If you double click on the transaction record you can see how many UTC you received but there there's this explanation at the bottom:

Quote
Staked coins must wait 520 blocks before they can return to balance and be spent. When you generated this proof-of-stake block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be a valid stake. This may occasionally happen if another node generates a proof-of-stake block within a few seconds of yours.

It's all rather confusing because your Wallet has a balance and for the most part the Stake is always showing 0.00 even with the Enable Stake Minting checkbox checked. So how you do even know what your current stake is? Is it the wallet balance?

At one point I looked at my wallet and there was a Stake balance and then I saw the transaction records, so I assumed it had moved coins from the wallet balance to the Stake and was processing them because they all ended up back in my wallet balance with the additional POS payout coins.





You won't lose it, but you probably also won't get more. Just calculate the amount you got and compare it to the stake percentage. I guess you'll have to wait another week.