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I have fired up what I think is a private blockchain in parity. But I still see "Updated conversion rate to Ξ1 = US$88.11" and that is the correct price as of now.

So I'm wondering if this means that my parity is still readinh from homestead, and not the private blockchain?

How can I verify I'm running parity on the private chain?

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Yes it defaults to the foundation ETH chain token value. It does not make any sense for a develop chain except for having realisitc USD value attached to your devETH to calculate transaction costs (see --usd-per-tx which adjusts the minimum gas price).

If this is an annoyance, you can reset it with --usd-per-eth 0.0001 or any value you like.

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  • Okay but let's say I'm using parity to connect to ETC? What is changed there? What is it reading in that case so that you're seeing a real-time ETC value, not ETH?
    – stone.212
    May 11, 2017 at 4:52
  • You can pass an API to --usd-per-eth which points to the ETC price instead of the ETH price.
    – q9f
    May 11, 2017 at 16:47
  • What I want is for it to read from the current local blockchain. I'm running a custom chain spec file, and having the ETH price (or ETC) is confusing. I would prefer nothing.
    – stone.212
    May 12, 2017 at 8:03
  • This is a known issue, feel free to follow it and join the discussion.
    – q9f
    May 15, 2017 at 8:42
  • The issue you linked is about currency symbols, not the exchange rate API.
    – dcorking
    Jul 5, 2017 at 16:29

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