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Simontje96 commented on a post in r/waltonchain
cc2018007 0 points

Without masternode airdrops, I doubt WTC will attract any new investors. Mining has no value without significant investment in hardware. The price will continue to drop until they make a change.

Simontje96 2 points

This is not different from any other PoW coin..

Simontje96 commented on a post in r/waltonchain
28
Tinseltopia 2 points

Seems mining is only worth it if you're in a pool. This single block business is too luck reliant and is wasting a lot of power for a lot of people

Simontje96 2 points

LOL WTC is by far the most profitable coin to mine with any gear atm. If you find a block a day you make a ton of money. With eth you get like couple dollars a day.

Tinseltopia 2 points

'If you find a block a day...' that there is where your argument ends... IF. People aren't finding a block a day, I'm not finding a block a day. If they were, then of course it's worth it! But we're not, I'd take the consistency of a mining pool over days of nothing

Simontje96 2 points

You were talking about single block business, what did you expect? Multiple blocks a day? Btw also 1 block a week is easily worth it. And what is stopping you from joining a pool?

Simontje96 commented on a post in r/waltonchain
24
wtchodl 8 points

patience is key in a bear market

Simontje96 4 points

Selling low is also part of a bear market for a lot of people

I dont recommend it tho

erdo369 2 points

You can definitely sell low if you think another crypto will move up opposed to wtc.

Simontje96 3 points

Ofc you can, or you can just diversify and hold comfy without having all the stress trading gives you.

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Simontje96 commented on a post in r/CryptoCurrency
Half_Baked_King 3 points

I hold like 70 XVG because a coworker recommended I look into them. It's been a hell of a ride and I keep seeing stuff like this that makes me want it gone. But I'm stuck with it on my exchange! Value is too low.

Simontje96 11 points

Damn you got some skin in the game man

Simontje96 commented on a post in r/waltonchain
31
dvo23k 2 points

Is the walton desktop wallet a safe way to store a GMN?

I'm really worried about moving away from the Ledger nano + MEW to the new wallet. Any tips?

Simontje96 4 points

You don't move your tokens! The only thing you have to do now is send a transaction with 0 eth and your wallet adress of de wallet where you have been mining to on the mainnet. When the token swap happens your gmn will transfer automatically and the private key stays the same.

dvo23k 1 point

Haha I know not to send my tokens to the WTCT. I'm just not understanding it that well.

How will my private key stay the same? Isn't my private key going to be the key i get when i create my new wallet on the desktop And not the one stored in ledger?

Simontje96 1 point

You said you already have a GMN on a MEW wallet so this means you already have a private key. When the swap happens your balance will be copied to the mainnet. You can acces those coins with the same private key you have now. Because you have them on a ledger you will have to wait for ledger support to send/spend coins.

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HenryGondorff1 1 point

So does this mean that if we hold our wtc on a ledger nano that we will no longer have that security?

Simontje96 1 point

No, you do not have to expose your private key or anything, just send a transaction to the walton team. Without sending any real tokens.

billcozby 1 point

What about the POS reward.

Simontje96 1 point

You don't have to do anything for that

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Simontje96 commented on a post in r/waltonchain
Simontje96 8 points

The average hash rate on the explorer is the total hash rate of the network averaged over 50 blocks. So to get the average hash rate per rig you have to divide that by the node count. This will give you around 250KH per rig. For reference a thread ripper gets around 500KH not 500MH as OP stated. Hope this clears that up.

Edit: to add to that, for the gpu hash you should probably not multiply your first number by 4 because that would give a 1080ti an hashing power of 1MH which would be like 3% of the total network which is totally unrealistic.

Simontje96 commented on a post in r/waltonchain
green_manalishii 2 points

what about wtc on ledger problem? I assume every gmn is on ledger.. how do you mine?

Simontje96 5 points

To the public adress. Did you even open the wallet once. Wtf is this

green_manalishii 1 point

no, I did not. I’m on fuckin easter vacation with my cell

Simontje96 1 point

Then it was just a stupid question lol especially since the team said to us mining to public adress will be possible

Simontje96 commented on a post in r/waltonchain
27
bitcoinhodler89 3 points

Your chances remain the same but you essentially have more probability finding if you mine longer. It’s simple probability. That’s how all mining works. If you’re gonna pay more in electricity may as well stop lol 230,000 hash rate will now find 1 block on average every 40 days based on my calculation

Simontje96 1 point

With 16.000.000.000 hashing difficulty it takes around 18 hours to mine a block with 240.000 hash/s. 16.000.000.000/240.000/60/60= around 18 hours.

Simontje96 commented on a post in r/WaltonchainMining
Simontje96 1 point

Anyone else getting fatal error: cannot connect because targetcomputer is actively blocking connection? After starting the miner. I have firewall off btw and am running powershell as admin.

_cheefy 1 point

Make sure the WTC GUI isn't running

Simontje96 1 point

I have closed everything that is related to the wallet.

Simontje96 commented on a post in r/waltonchain
19
dvo23k 3 points

Is this the updated list of GMN holders or is it not complete yet? I'm panicking because my address is not on the list and its 1534 GMN instead of the other tracker that says 1,779.

Simontje96 1 point

I would not worry. My adress was on the list yesterday when there were only 300 GMN's listed and now it is not. They are just testing different stuff probably.

Simontje96 commented on a post in r/CryptoCurrency
Treo123 -7 points

Look, your comment has upvotes and I'm downvoted.

You get upvotes for saying "admins know better" and I get downvotes for saying "admins don't decide what's best for the community of 19k people".

Simontje96 4 points

It's the same as the posters decide that it is best that they post the Chinese announcement while I am sure 90% of the people want to wait for the English announcement.

Treo123 -13 points

Voting on a post is one thing, completely removing it is something else.

That post is in the official Chinese channel.

Simontje96 7 points

Yes but a lot of thing get lost in translation or the details are mixed up so the mods are trying to keep the fomo in check for a english announcement.

Simontje96 commented on a post in r/waltonchain
billcozby 1 point

It’s on time for the US if it is delivered tonight, not the rest of the world.

Simontje96 2 points

It's 7 pm in Europe tho and I would not be bothered by a couple of hours.

billcozby 1 point

So which countries do you count and which ones do you discard? Come on...

Simontje96 2 points

I am not saying what countries count and what countries do not count. But I know a lot of releases from Walton have happened in europe/us timezone so I am confident it will happen again.

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Simontje96 commented on a post in r/waltonchain
Mr-Devvie 3 points

Shill shill shill, do you even post informative things here on this reddit?

Simontje96 2 points

NT is most active on slack, you should join! It's a place for more informative talk instead of price talk that is dominating reddit.

Simontje96 commented on a post in r/waltonchain
Mtwd_david 8 points

Is Citylink owned by Walton or is it a partnership with another team behind it? Saw some posts on another reddit that Citylink is owned by Walton.

Simontje96 24 points

The other posts are right, Citylink is owned by Walton.

Mtwd_david 4 points

Do we have any source of that? Want to share the news with friends but need some source for that.

Simontje96 20 points

This is the orgisational chart of Walton. I am pretty sure the team shared this but not 100%. https://i.redd.it/6f5uqtdk6j001.jpg

Simontje96 commented on a post in r/waltonchain
[deleted] -13 points

[removed]

Simontje96 10 points

Why are you fucking asking here? Go ask I'm the fucking Google docs document jezus. And why so aggressive with all the fucking? I can also tell you that asking roi return is pointless since they cannot give them because they depend on how much people will mime and a lot of other factors. Also even if they knew they will not tell you because of legal reasons

[deleted] -15 points

[removed]

Simontje96 1 point

Hahaha goodluck with trying to get a roi out of the team. Maybe if you keep them at gun point they will tell you.

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Simontje96 commented on a post in r/waltonchain
Simontje96 9 points

Pulled from the all in one that is pinned:

Q: Why does this need a blockchain?

"It is difficult for the Internet of things under the current central structure to accomplish real autonomous cooperation and effective transactions, because the relevant parties of such cooperation and transactions often belong to different stakeholders with complex and uncertain trust relationships. Therefore, the collaboration and transactions of the current Internet of Things devices can only be carried out under the same trust domain. That is to say, the devices to collaborate and trade must be provided or verified by the same Internet of Things service provider, which significantly reduces the true commercial value of the Internet of Things applications." (Page 2 of the Whitepaper)

To expand, counterfeiting is an obvious answer to this question. There needs to be a way to truly authenticate an item. Blockchain is that answer.

Walton's blockchain also removes data silos. Companies won't have to manage any database anymore. Everything is handled by Walton. Walton uses child chains which are separate from the parent chain. Companies can keep proprietary information secret and private on their child chain, and only broadcast necessary information to the parent chain for public viewing. Blockchains make the sharing of info between companies easy and fast, too. And then obviously, blockchains have perfect transparency and are immutable.

Smart contracts are also extremely useful. In the supply chain industry, after perfectly counting and storing inventory, things can be auto-ordered and paid for simultaneously with wtc, just as an example. Your mind can come up with a whole host of other ideas related to automation.

Furthermore, decentralized, transparent, and immutable data for things like smart waste management systems, which Walton has designed, and air-pollution monitoring systems in smart cities would benefit greatly from the blockchain, for reasons explained in the first point from the whitepaper.

You could also imagine on the customer end that wanting to know where all their goods come from is important. This is in line with counterfeiting, but also with things more benign. Imagine wanting to return an item to a store, but can't remember which grocery store it was from. Lots of simple improvements like that are all use cases for blockchain.

Simontje96 commented on a post in r/waltonchain
Wes1414 10 points

You won't get an answer on this. Seems nobody knows... and nobody asked in the AMA... too busy asking about a f*cling website

Simontje96 3 points

You could have asked yourself? And these questions were asked in januari. Also there will be another AMA in March so make sure to ask them!

Simontje96 commented on a post in r/waltonchain
[deleted] 1 point

[deleted]

Simontje96 1 point

Where do you see me saying Vechain is a scam? I am saying that I find it weird that they have these claims that are not backed up by anything except some promises. And I don't know why you are talking about Microsoft since crypto is a whole different market with a lot more transparency.

[deleted] 2 points

[deleted]

Simontje96 1 point

Unfortunately that happens both ways, I don't get why people think one or the other will win and the other one will die. But that's just crypto I guess

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