Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Nick70001 on May 07, 2015, 05:35:02 AM



Title: Cost and time frame for switching a coin from POW to POS
Post by: Nick70001 on May 07, 2015, 05:35:02 AM
I was wondering how much a dev would charge to change a coin from POW to POS and roughly how long this would take?

Cheers

Nick


Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: YarkoL on May 07, 2015, 07:33:59 PM
Depends on many factors.

For a pure Pow coin it is a decision whether to incorporate
PoS code in the existing source, or if it is more expedient
to migrate to a new codebase that supports both PoS and
the PoW algo.

Peercoin-style transactions also have
a timestamp field, which does not appear in standard PoW
transactions, and this has to be dealt with.



Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: URSAY on May 11, 2015, 05:37:45 PM
Any devs offering up their services for this type of conversion work?  :)


Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: spartak_t on May 11, 2015, 05:54:37 PM
We did that not long ago with FAIL, but we used completely different source and we made swap.
I think the OP want existing coint to be forked, which is far more complicated and can cause troubles.


Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: iGotSpots on May 11, 2015, 06:04:39 PM
Swap chains; not worth the time trying to Frankenstein it


Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: spartak_t on May 11, 2015, 06:33:51 PM
Swap chains; not worth the time trying to Frankenstein it

+1 - a lot easier.

P.S. I can connect you with EmpoEx guys for the swap, but believe me.. you don't know what you are dealing it. Your chance for revival (or whatever) of your coin is 0.00001%.


Title: Re: Cost and time frame for switching a coin from POW to POS
Post by: Crestington on May 12, 2015, 07:29:49 AM
Swap chains; not worth the time trying to Frankenstein it

I would like to see how it would be done purely from a technical point of view but a direct swap is much easier.