Quote from: drakoin on June 22, 2015, 01:03:30 PM

Great!

Quote from: CV2 on June 21, 2015, 07:00:27 PM

current block: 3853

The chain was stuck there for ages. But yeah - now it has started to move again: 3859 - well done!
The majority of coins are on bittrex. Bad!

Thanks. Yes, that is a very important message. PEOPLE - DO YOUR PART AND START STAKING!

I had contacted bittrex:

Quote

To: bittrex
Subject: Coven - (lack of) staking is causing problems; escalate to PoS coin expert, please
Sent: Jun 23, 07:23

We have taken over COV, CovenCoin.

It is a pure PoS coin. The blockchain is getting stuck. Why? Most of the coins are on-exchange, and do not participate in the staking. The situation is unusual:

Summing your "Top 50 COV balances" results in 30275.91 COV; so of all Covencoins in existence (<34000) ...

... at least 89% are on bittrex !

But you, bittrex, can now help to solve the situation, by enabling the staking in your wallet:

Covend encryptwallet YOURPASSWORD
Covend
Covend walletpassphrase YOURPASSWORD 604800 true
Covend getstakinginfo

Explanations:

Please open for 7 days = in seconds: 7*24*60*60 = 604800
true means: stakingonly=true so it is only unlocked for staking
Also see
Covend help | grep wallet

All this is not your fault, and it is not our fault
- instead it has happened through collective misbehaving ;-)
PoS coins have yet-undocumented drawbacks, obviously.

Please discuss this with your ProofOfStake coin expert.

Thanks a lot!
:-)

and - GREAT - they are actually helping us! But only for a limited time:

Quote

From: Richie Lai (Bittrex)
Sent: Jun 24, 11:42

I've turned on staking for now... chain should be moving... I'll give this 24 hours before we disable again...

Thanks,
Richie

people, everyone, all COV coin owners ...
this is what you must do now now now
if you want COV to live on:

Quote from: drakoin on June 22, 2015, 01:03:30 PM

Better all of you move some coins to a wallet, encrypt it, unlock it
- to start staking. But be patient, it takes long until they appear in your wallet (Send a few first, not to panic).

Download the wallet, make an address, send some coins from bittrex to your address.

Quote from: drakoin on June 22, 2015, 01:03:30 PM

Or send some to my 24/7 staking address: CQfH2dwUcGXcxvfxU2nqoqGC4qcbSipvRX Thx
Judging by what I learnt there, it takes days until the blockchain will get reliably faster again. Every staker helps.

Thanks a lot. I'll add you to the OP as a 24/7 staking node.

This post here is probably the most important message for these 24 hours.

!

EDIT:

Quote from: fonzerrellie on June 22, 2015, 06:36:44 PM

just waiting for my first test withdraw going to be sending to my wallet in 10 coin chunks to spread my wallets weight over as many blocks as possible to help the blockchain pick up momentum... I suggest others do similar Grin

Very good, fonzerrellie. That is staking-for-experts, indeed.

CV2

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