On November 10th, 2019 we are going to fork the DIYT Coin blockchain in order to remove POW mining and move to POS wallet staking and Masternodes instead.
For normal DIY Tube Video Community members this has no affect on you at all. For now nothing will change for members who are earning or holding virtual coins inside DIY Tube Video Community. You can disregard this message.
We are moving our plans ahead by four years. This is necessary because soon after we launched our blockchain, we found a bug which allows POW miners on a yiimp mining pool to bypass Masternodes entirely, giving the miners 100% of the block reward.
Any pools that did not follow suit were left out and somehow bypassed. So we opened up fully to POW miners until we could find a fix to the bug and introduce Masternodes again. But things were not working out so well with POW, MN and a yiimp mining pool.
So we have decided to move our schedule ahead by four years and go with POS only.
For POW miners or those who have coins on the blockchain through purchases or withdrawal from DIY Tube, you will have to follow these steps in order to save your coins and export them onto the new blockchain.
- Make a free account on https://www.diytube.video
- a valid email is suggested in order to communicate if needed. The rest can be fake names and info.
- email email@example.com with the DIY Tube username you created in the previous step along with your DIYT Core wallet public address.
- back up your old wallet and store it off your computer in a safe place as added insurance.
Please be sure to do this before November 8th, 2019
If you are mining DIY Tube Coins, it is best to cease mining operations by November 9th, 2019 at 9 am EST. We need to take a snapshot of your wallet contents in order to send a copy of them to your virtual DIY Tube wallet as a backup for safe keeping. Please allow enough time for block confirmations and mining pool payments to clear so we can get a snapshot of your entire earnings. It is best if mining ceases on Nov 8th by 11 pm EST to allow all payments to be processed.
On November 10, 2019 around 9 – 10 am EST, we will start up the new blockchain. At this time we will release the new wallets and blockchain source code.
Please be sure to delete your old wallet entirely from your computer and download and run the new wallet. Members who saved their DIY Tube Coins inside DIY Tube Video Community will then be able to withdraw their coins onto the new blockchain and into their new wallets with a few mouse clicks.
If you have any questions, please join our telegram or discus group for help.