Bitcoin Forum

About

PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties.  It is a fully auditable, open source stablecoin and synthetics network using the competition of PoW and external oracles to converge on the prices of currencies and assets. You can mine PEG, the token of PegNet which can be seamlessly converted to any pAsset on the network with no spread, no slippage, and with infinite liquidity.

PegNet Assets and Market Cap

To see a list of all the PegNet assets (pAssets) and their marketcap, please visit PegNetMarketCap.com (https://pegnetmarketcap.com)

Mining

PegNet mining is CPU-based thanks to its unique LXRHash algorithm.  To begin mining, join a pool listed below (easiest) or if you want to solo mine please go here (https://github.com/pegnet/pegnet/wiki/Mining) or follow this Docker mining Guide (https://github.com/pegnet/pegnet-compose).

Mining Pools

If you want to run your own pool, there is now open source pool software for PegNet (https://github.com/FactomWyomingEntity/prosper-pool).

Orax Pool
Website: https://www.oraxpool.com/
Quick Start Guide: https://docs.oraxpool.com/getting-started/quickstart-guide
Video Guide: https://youtu.be/RW9PQ2osv3k
Orax FAQ: https://docs.oraxpool.com/getting-started/faq
Orax Discord: https://discord.gg/ZxF9ydP

Prosper Pool
Website: https://prosperpool.io/
Prosper Discord: https://discord.gg/QzU68uH

A mining reward calculator to estimate mining profitability: https://www.oraxpool.com/calculator
A database of hardware with their approximate hash rates for PegNet: https://www.oraxpool.com/luxor

Wallets

The first GUI wallet has support for burning FCT to pFCT, as well as for PegNet transfers and conversions. In order to use the wallet you will need to first install the Chrome extension, Kambani: https://chrome.google.com/webstore/detail/kambani/oiceedellfbhhplkfkpkkocbdkifpili. Kambani is a MetaMask-like browser extension, which creates an encrypted vault in your browser and allows you to sign PegNet transactions from the web wallet. Your private keys are never exposed to the wallet and never leave your encrypted vault! After installing the extension, you can access the wallet at https://factomatic.io/wallet/

Step by step instructions to move PEG and pAssets from the Enterprise wallet to the GUI wallet: https://factomize.com/how-to-transfer-peg-from-the-enterprise-wallet-to-the-gui-wallet/

Exchanges

PEG - You can see the volume and spread of PEG exchanges by going here (https://pegnetmarketcap.com/asset/PEG/exchange-price-trend) then scrolling down.
PEG / BTC (https://qtrade.io/market/PEG_BTC) - qTrade (https://www.coingecko.com/en/exchanges/qtrade)
PEG / USDT (https://bilaxy.com/trade/PEG_USDT) - Bilaxy (https://coinmarketcap.com/exchanges/bilaxy/)
PEG / ETH (ERC20 Pair!) - [url=https://coinmarketcap.com/exchanges/idex/]Idex (https://idex.market/eth/peg) - The PEG in this listing is ERC20 and cannot be sent to other exchanges, only the ERC20 Gateway
PEG / BTC (https://x.vite.net/trade?symbol=PEG-000_BTC-000&category=BTC) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
PEG / BTC (https://vinex.network/market/BTC_PEG) - VineX (https://coinmarketcap.com/exchanges/vinex-network/)
PEG / ETH (https://x.vite.net/trade?symbol=PEG-000_ETH-000&category=ETH) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
PEG / USDT (https://vinex.network/market/USDT_PEG) - VineX (https://coinmarketcap.com/exchanges/vinex-network/)
PEG / BTC (https://trade.citex.co.kr/trade/PEG_BTC) - Citex (https://www.coingecko.com/en/exchanges/citex)

pFCT
pFCT / BTC (https://x.vite.net/trade?symbol=PFCT-001_BTC-000&category=BTC) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
pFCT / ETH (https://x.vite.net/trade?symbol=PFCT-001_ETH-000&category=ETH) - ViteX (https://coinmarketcap.com/exchanges/vitex/)

pUSD
pUSD / BTC (https://x.vite.net/trade?symbol=PUSD-000_BTC-000&category=BTC) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
pUSD / ETH (https://x.vite.net/trade?symbol=PUSD-000_ETH-000&category=ETH) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
pUSD / USDT (https://x.vite.net/trade?symbol=PUSD-000_USDT-000&category=USDT) - ViteX (https://coinmarketcap.com/exchanges/vitex/)
pUSD / VITE (https://x.vite.net/trade?symbol=PUSD-000_VITE&category=VITE) - ViteX (https://coinmarketcap.com/exchanges/vitex/)


FAQ

The PegNet FAQ can be seen here (https://pegnet.org/docs/faq.html).  We also welcome you to ask questions in this thread or on Discord (https://pegnet.org/chat).

Fair Launch

PegNet was launched fairly with no premine and there was no ICO.  There is no central party developing PegNet, it is a truly decentralized network.

We have requested that CoinMarketCap.com list PEG and its supported exchanges as of Tuesday, November 26th.  Thank you CMC!

If there is no premine, how are you planning to take care of listing, development & promotional activities ? Also how big is your development team ?

This is more of a Bitcoin model than most projects.  The utility and functionality of providing many missing base pairs and providing conversion utility is driving investment to get listings and promotion.

So far the GitHub has 15 people, with about 15 or so non developers working on other tasks.

https://github.com/orgs/pegnet/people sorry, the people on a github project are not public outside the project. My mistake.

Make sure you get those factomd nodes setup and synced ahead of time so you're ready for mainnet mining!  If you need any help, please ask here or on Discord.

So we must pay first before start mining?It’s too complicated ,hope I was wrong.

You need Entry Credits to enter data into the Factom Protocol (some will provide these for free in Discord if you ask to get you started).  Also, you mine external data providers, so you do need to signup for one.

Mining always has external costs such as electricity, hardware, etc.  For PegNet, an external data provider will be one of those costs until pools become a thing but then their fees will of course cover those costs.

In the end, it all comes down to profitability.  Will it still be profitable to mine PEG despite the external data provider?  That's all that really matters...

mining requires money first, the system is like stacking,
but this is a mining project, and it's natural that you have to pay

reserved

A blog post from one of the PegNet Core developers:

PegNet Part One: Overview and Mining the Oracle (https://factomize.com/pegnet-part-one-overview-and-mining-the-oracle/)

One of the very interesting things about the LXRHash used by the PegNet is the fact that it does not target computation.

LXRHash targets the memory bottleneck.

Each byte of source data being hashed involves creating a complex state, and that state is created by xors and shifts, and random bytes selected from a 1 gb byte buffer.

In the end, the state is used to derive the resulting hash.

Because a random byte is selected intermittently in the computation of the state, the result is over 90% of the time used to compute the hash is waiting on memory.  As the largest cache on commercial processors is about 128 MB, the cache is nearly always blown, doing very little to speed up the hash.

Benefits of this for CPU mining:

• Computation takes only 10% of the time.  Driving computation to near zero with an ASIC only gets you a 10% boost in hash power
• When processors are waiting on memory, they are idle.  On an I7 running 8 LXRHash miners full blast, the power consumption only goes up 10 Watts .... roughly the draw of a LED light bulb
• The most effective mining hardware becomes Single Board Computers like the Raspberry Pi 4.  With 2 GB, the hardware cost per hash is half conventional hardware, likely a quarter or less of GPUs or ASICs

Because the target isn't computation, but the memory bandwidth to 1 GB of memory, the best way to improve hash power is to fix a fundamental limitation of all hardware:  I/O speed on and off chip.  So we don't have to worry about a new ASIC coming out that blows away CPU mining.  And when caches do become effective at 1 GB, we can increase the map to 2 GB, or 4 GB, or more.  So the hash can scale with hardware advancements.

LXRHash is a Proof of Work hash, not a cryptographic hash.  As such it has been evaluated for avalanche properties, and compared to Sha256 for  bits modified due to any change in the value being hashed.  Hash restarts don't work because it does a quick first past to initialize the state prior to the main loop.  Append attacks don't work because LXRHash does an additional pass over the 32 byte hash produced by the main loop.

The cryptographic hashing securing the PegNet come from Factom, and are based on Sha256 and Sha512.

Is there a FPGA bitstream available ?

Hi there !

Can you introduce your development team? And What are your looking for in the market? I really want to know about your technical and solutions.

anw, good luck with your project.

To answer your question, there is no FPGA support or work done on this hashing algorithm.

One would not expect an advantage to FPGA's with this miner... You are optimizing 10% of its execution (the computation). 90% of the execution time for this hash is waiting on DRAM to respond, and an FPGA can't make that faster.

If you go to PegNet.org you can follow the link to the discord, and all development is coordinated there.  I am what passes for the lead on the effort, and you can talk to me directly from the discord which I monitor pretty closely.  I am Paul Snow.

This link shows no public members.

My mistake.  The members have to declare themselves as public.  There are 15 developers with commit rights on the project, and more that are contributing through pull requests.  Sorry about the confusion, and the original post has been updated.

Just doing last minute documentation and cleanup for the launch of mining on Monday August 19.

Mining requires sources to pull data from, and now all default sources now are free data feeds are mostly free data feeds.  One costs $12 a month.

Always interested in more sources, so let us know if you have a lead on good real time market data that can be used by the PegNet Oracle Price Record Chain!

IMPORTANT ANNOUNCEMENT

New builds are now published for miners. Be sure to update if you want to participate in the mainnet launch on Monday. The post has been updated with details.

Monday is 17:00 UTC is coming fast!

If you want to get started mining, definitely join the PegNet Discord and talk through your plan!  You now have about 50 hours to get ready!

Is mobile mining in the works or planned in the future?

We will start out with some miners on Monday.

Does anyone know how many initial miners there will be on Monday?

Looking forward to mining PEG!

I've upgraded to the latest miner as directed.

Fantastic - we’re excited to be running miner.!

As you configure your miners, PLEASE make sure the CoinbaseAddress in your defaultconfig.ini files is your FCT address.

If you are configuring fresh, and getting the defaultconfig file from github, then the default CoinbaseAddress is going to be CHANGEME, and your miner will bomb if it isn't a valid FCT address.  If you built your configuration in the past, you might have a public FCT address for your CoinbaseAddress.

Older versions of the defaultconfig.ini, and versions used against the TestNet generally have public FCT addresses.  Please don't mine with a public FCT address, because that is terribily unrewarding!

Double check your configurations!

Attention Miner!

A hotfix was released that affects anyone using OpenExchangeRates or ApiLayer as a datasource. Given OpenExchangeRates is one of the defaults, this likely includes you!.

Upgrade to the latest release here https://github.com/pegnet/pegnet/releases/tag/v0.1.1.

This is crucial to providing accurate data.

Less than 24 hours until mainnet mining goes live!

Hurry and get those factomd nodes synced. 

MainNet goes live at 17:00 UTC!  Get those miners updated to version 0.1.1 -- https://github.com/pegnet/pegnet/releases/tag/v0.1.1

On which platform is it online?

PegNet runs on top of the Factom Protocol (https://bitcointalk.org/index.php?topic=5077258.0).

Join us tomorrow, Monday the 19th at 16:45 UTC for a live stream of the mainnet launch (https://meet.google.com/rtx-sawg-ovv).  Four panelists with in-depth knowledge of the PegNet and Factom Protocol ecosystems will be answering questions.

Okay thank you

Well, I don't think mobile mining is going to work out so well.  While the hash algorithm does prevent just driving a battery to zero, it is still a load.  And your mobile device isn't likely to have a fast memory system, so I don't think you'd get much from it.

Be sure to check out the PegNet network stats (https://www.factoshi.io/pegnet) at Factoshi. 

Attention Miners

As you may be aware, there is an update to the grading algorithm in the works. The details of the grading algorithm are at a high level:

// 1. Top 50 OPRs by hash difficulty are taken
// 2. 25 of those OPRs are selected by grading their prices with 1% tolerance band
// 3. The submitters of these 25 OPRs are equally paid 200 PEG each
// 4. 1 OPR is selected from the 25 by grading without any tolerance band
// 5. The asset prices are set based on this 1 OPR from step 4 above


If you wish to understand the minutiae of the algorithm, feel free to ask questions in the #oracle-mining channel on Discord. There is still analysis ongoing on the 1% band, but that is what we have atm. The code is developed and under review.

There are two big changes that will affect all miners:
1. The size of the OPR is expanding, meaning the cost per submission will be 2ECs, not 1. The amount of ECs you are currently burning will be doubled. This may be perceived as double the cost, but when taking into account the cost of paid data sources and hardware, it is a minimal bump.
2. More miners will be paid, and therefore more miners will be winning. Large miners might see their rewards go down, and small miners will see an increase in rewards.

A side effect is that the variance of various data sources will impact miners less. There is still tools to be developed (ongoing discussions) to help miners be more informed about the data sources they choose. And some modifications to polling are being discussed to better handle stale pricing

The September 1st Factom Protocol (which PegNet is built on top of) Newsletter is out.  In includes various information on PegNet: https://factomize.com/forums/newsletter/256/view

https://twitter.com/DChapmanCrypto/status/1168012856358359041

There will be an informal PegNet chat tomorrow (Monday) the 9th at 11:30am CST.  Join David Johnston, Paul Snow, David Chapman, and more: https://meet.google.com/bnf-fnjq-fkk

A simple to follow PegNet mining guide using Docker has been released.  It is available here: https://github.com/pegnet/pegnet-compose

Attention Pegnet Miners!

V2 Grading has been in the works for awhile, and the release binaries are ready! We will see the v2 grading activate at block height 210330, roughly 17:00 Sep 16, 2019 UTC. You must upgrade by then.

Downloads for the miner binaries are located here: https://github.com/pegnet/pegnet/releases/tag/v0.2.0

There is no change to how you launch your miners. This is a breaking change, so all netminers and net coordinators must be updated. They are not backwards compatbile.

Please refer to the release notes on github for the changelog information.

Another reminder to update before  block height 210330, roughly 17:00 Sep 16, 2019 UTC

PegNet miners successfully upgraded to V2 of grading and now 25 miners are rewarded 200 PEG each per block.

Attention Miners

A patch was just released to address the entry spikes we have seen over the last 2 days (only a few accounts). These spikes cause more ECs to be burned than necessary. For block 210534 for example, 4752 oprs were submitted. This costs miners.

This patch fixes this bug, saving you ECs. We suggest all miners update immediately. You only need to update your coordinators, so if you are running many netminers, those are not affected.

The patch can be found here: https://github.com/pegnet/pegnet/releases/tag/v0.2.1

New article: PegNet Part 3: Conversions, Transactions, and More -- https://factomize.com/pegnet-part-three-conversions-transactions-and-more/

PegNet explainer video: https://youtu.be/bh0GlzLiM6Y

Milestone 2 (pM2) is just about here!  The plan is that conversions and transactions will go live on Monday, October 7 at 1500 UTC (block height 213237). If you wish to transfer/transact your pFCT and PEG, you will need to download the release of pegnetd. This is the daemon that will sync from a factomd node, and interpret the pegnet OPR and transactions chain. It will allow you to query for balances of all assets, and make transactions. The current pegnet miner only tracks rewards and total burns, it does not track transctions and conversions. So all balance queries should be done through this daemon.

When we go live, PEG conversions will not be enabled. This is because PEG is currently valued at 0 by all miners. We will need to push out a miner update such that miners can query for the value for PEG, which will enable PEG conversions.

If you have any questions, please reach out on Discord: https://discord.gg/V6T7mCW

Release Download: https://github.com/pegnet/pegnetd/releases/tag/v0.1.0

this.. might be something i could get into
CPU-mining, i like that. FACTOM-based, thats sweet, not enough projects on there imo
man i stop keeping up with a few boards and i miss SO many interesting projects :( haha

Gonna join discord here for more info

Join our live PegNet Launch Chat at 1500 UTC (8am PST) on Tuesday the 8th.  PegNet launches the 7th at 1500 UTC and 24 hours later we’ll have a live chat to discuss the launch and PegNet’s future and implications.  Zoom Link: https://zoom.us/j/6823888830

See you there!

PegNet Milestone 2 is now live!  Conversions and transactions have been enabled.

How to Setup The PegNet Ecosystem and Conduct Conversions and Transactions: https://factomize.com/how-to-setup-the-pegnet-ecosystem-for-conversions-and-transfers/

Introducing https://pegnetmarketcap.com -- a market cap site dedicated to PegNet which is build on top of the Factom Protocol.

PegNetMarketCap.com was created by Factomize, a Factom Protocol Authority Node Operator.

PegNetd has been updated to version 0.1.1.  Miners do not need to upgrade.  This is for transactions and conversions: https://github.com/pegnet/pegnetd/releases/latest

Factomize has release a major upgrade to https://pegnetmarketcap.com

In addition to visual changes like increases in icon size and listing volume in $USD / pAsset, try clicking on everything such as the asset name.  There's lots of new data.

Next improvement should be different timelines for charts.

PEG conversions go live on PegNet on Monday! Upgrade to Pegnetd v.0.2.0

Pegnetd v0.2.0 has been released. PEG conversions are going live on block 214287, roughly Oct 14, 2019 15:00 UTC. You must upgrade your node! Please see the release notes for all the details. https://github.com/pegnet/pegnetd/releases/tag/v0.2.0

Please note this is not a miner upgrade but pegnetd.

The October 15th Factom Protocol Newsletter (https://factomize.com/forums/newsletter/306/view) is out.  It talks a lot about PegNet.

This is nice, I am seeing a lot of fiat currencies on this site. And fortunately, I saw my local fiat listed also. Yes, there are still a lot of room for improvements here. But already a good start though. Will be following the pegnet network, I might use it someday as alternative to my local exchange.

An article detailing how PegNet assets are stabilized on exchanges via arbitrage (https://factomize.com/how-pegnet-asset-prices-are-stabilized-via-arbitrage-on-exchanges/) has been written.

PegNetMarketCap.com now displays total PegNet volume: https://pegnetmarketcap.com/daily-volume

A guide for converting FCT to PEG on OSX and Linux: https://blog.factoshi.io/a-guide-to-converting-fct-to-peg-on-osx-and-linux/

Pegnet coin now listed on Vite exchange with BTC pair.
https://x.vite.net/trade?symbol=PEG-000_BTC-000&category=BTC
https://twitter.com/VGATE2/status/1186541846979203073?s=19
And following pFCT listed on viteX too and they are say more pegget asset is coming!  :o This coin have a lot of potential! I dont know why, According to pegnetmarketcap, the marketcap pegnet coin is really low, only $189,581. This is opportunity for "smart" trader/investor  ;)

It's $400,000 summary (http://"https://pegnetmarketcap.com/") already. And Peg itself (http://"https://pegnetmarketcap.com/asset/PEG") $200,000. It all about arbitrage. It will be balanced once more exchanges list Peg and pegged assets. But yeah, it's only just the beginning

PegNetMarketCap.com now displays data for exchanges as well.  You'll notice the "Exchange Price" column on the home page and other areas of the site have been updated for exchanges as well.  https://pegnetmarketcap.com

Hello everyone we are happy to announce the public launch of our PegNet mining pool: https://www.oraxpool.com

We have been running privately for more than 2 months and distributed over 10 millions PEG to our miners.

We focused on making the user experience very simple, follow our quickstart guide <https://docs.oraxpool.com/getting-started/quickstart-guide> (or check the video version of it https://youtu.be/RW9PQ2osv3k)
and you will be mining on PegNet within just a few minutes. Have a quick read at our FAQ to know why you should consider mining with Orax: <https://docs.oraxpool.com/getting-started/faq>

Whether you want to mine or you are just curious you are invited to join our happy little community on Discord: https://discord.gg/ZxF9ydP

Happy mining everyone!

I've been one of the beta testers of the Orax pool and can say it is EXTREMELY user friendly. Put your CPUs to use for Factom and get on PegNet by mining!

PegNet mining hash continues to soar (https://www.factoshi.io/pegnet).  With the advent of the first public mining pool (see the first post of this thread for info) it's easier than ever to join.

A new release for pegnetd is available. Please see the release notes for details. In short, more apis were added to find all transactions related to an address as well as other transaction discovery calls.

Release can be found here: https://github.com/pegnet/pegnetd/releases/latest

It is very pleasant that such promising projects appear. I am studying PEG information now and will soon join this community.

PegNet Capitalization is now over 1 million dollars: https://pegnetmarketcap.com/market-cap

Another 38,000 FCT have been burned to pFCT to capitalize PegNet.  That brings the total number of burned FCT to 272,360.26 (https://www.factoshi.io/pegnet)!

PEG has been listed on a CEX called VineX (https://coinmarketcap.com/exchanges/vinex-network/).  They added both a PEG / BTC (https://vinex.network/market/BTC_PEG) and PEG / USDT pair (https://vinex.network/market/USDT_PEG)

okay that's good news and it looks interesting, so my question here is I'm a little interested after reading about this project, I want to test and try to mine using a CPU with windows, where can I get an online wallet for pegnet? I like the concept of POW

A GUI wallet is being worked on and is about 2 weeks out.  It'll be announced when released.  Until then you'd need to use a command line wallet.

You CAN generate your Factom address where you'd send the coins to from the mining, but you won't be able to see the balance without using the command line.

PegNetMarketCap.com now supports PEG pairs from VineX which added PEG yesterday.  https://pegnetmarketcap.com/asset/PEG/exchange-price-trend (https://pegnetmarketcap.com/asset/PEG/exchange-price-trend)

VineX is a CEX that added PEG yesterday.

pUSD, a truly decentralized, fully auditable, US Dollar stablecoin on PegNet that competes with USDT and USDC, is now listed on ViteX.  PegNetMarketCap.com displays that data https://pegnetmarketcap.com/asset/pUSD/exchange-price-trend and as of right now, pUSD is at $0.98 on the exchange.  A good start!

And the tweet: https://twitter.com/pegnetmarketcap/status/1195008320114806785

Article: What is the maximum supply of of PEG, the CPU mineable token of PegNet? (https://factomize.com/what-is-the-maximum-supply-of-peg-the-mineable-token-of-pegnet/)

If you haven't started mining yet, it's super easy to mine with your CPU and get PEG!  Just join one of the pools in the first post of this thread.

I use Windows 10, but there are a few problems and errors, I have followed that method here https://docs.oraxpool.com/getting-started/quickstart-guide but when I access the terminal: $. \ orax-cli. exe register does not work at all, is there a tutorial to mine, I think it would be cool if there is a tutorial to mine

Please join the Orax Discord here: https://discord.gg/AKRXuM9 and ask for help.  I'm sure they can get you up and running.

thank you, I tried with linux it works fine it's just that windows is a bit problematic, I will visit their discord, I still sync the wallet a little bit slow, but I will have lots of questions about this, so let's look for answers there

PegNet now has a block explorer: https://pexplorer.factom.com/

For the record, there was no premine.  No coins were held in reserve.  There was no ICO.  This was a fair launch coin and there is no company or foundation in control or that holds coins on behalf of PegNet.  This is a decentralized ecosystem.

Do you intend to compete with Bitcoin? but I see PEGNET more than Bitcoin and it looks like Ethereum,
I see pEth, pXLM, pBitcoin etc. what does all this mean? I am curious

A Python wrapper around the pegnetd APIs in now available on PyPI. https://pypi.org/project/pegnet-py/0.0.2/

The CITEx exchange has listed PEG. The PEG / BTC pair can be seen here: https://trade.citex.co.kr/trade/PEG_BTC

Those are "pegged" versions of those cryptocurrencies.  Miners subscribe to external market APIs and submit the price data for those crypto to PegNet and, long story short, on PegNet you can then convert into and out of those pegged assets.

is that some kind of token made from the Pegnet platform? I think your explanation about it can not be understood,
I myself am still confused about how there are pBtc, pEth etc.

IMPORTANT PEGNET UPDATE

Miners and users must update!  https://github.com/pegnet/pegnet/releases/tag/v0.3.0

This release will free float PEG and create a 5000 PEG per block conversion capacity.  Please upgrade ASAP!

-------------

A Pegnet update is ready and requires a mandatory update by all users and miners. The update has a block height activation of 222270, estimated to be  Dec 9, 2019, at 17:00 UTC. You MUST update by this block height. This is a hard fork of the Pegnet chain.

This update spans just about every repo associated with Pegnet. It is recommended to read the release notes https://github.com/pegnet/pegnet/releases/tag/v0.3.0 in their entirety. Any questions or concerns about updating can be directed to #support.

For Pegnet Miners

Listed below are the miners that need to update. If you fall into a category that needs to update, you must also update your Datasources. The exact method of updating your config should be listed in the release notes. If you have any specific questions, please direct them to #support.

- If you are mining PEG, and operating the reference miner https://github.com/pegnet/pegnet/releases, you must download the latest release. Only net coordinators or solo miners need to be updated. The netminer does not need to be updated.

- If you are mining as apart of a pool, you do not need to do anything. The pool operators will update for you.

- If you are running a mining pool, you will need to update your software. Please contact me if you have questions about what software updates need to be made. If you are running the open-source Pool Prosper Pool, your release update can be found here https://github.com/FactomWyomingEntity/prosper-pool/releases. The Orax pool has been notified and will also be updated before the release.

If you are running a mining operation with a custom software solution, you may reach out to me (@Emyrk) specifically if you need help getting these updates.

For Pegnetd Users

For users making transactions + conversions, you will need to update pegnetd. You can find the latest release on this page https://github.com/pegnet/pegnetd/releases. The biggest change is the 5K PEG Supply Capacity being enforced per block starting at the activation. This update enforces the PEG Conversion Capacity per block to be 5K. In the future, this 5K will be the lower bound, meaning 5K+ PEG can be converted per block based on a PEG Conversion Capacity equation and block height. Information regarding that change will be released with ample lead time.

If you wish to know how this will be implemented, you may read the release notes https://github.com/pegnet/pegnet/releases/tag/v0.3.0.

If you are using the pegnetd api, there is a change to the conversions api output to handle this new behavior. An example of a new PEG conversion after the activation height can be found in this PR https://github.com/pegnet/pegnetd/pull/98. The remaining funds after the partial conversion are returned in the output field as a transfer to the original address. If you are using the pegnetd api for an application and need assistance, you may reach out in #support and ping me (@Emyrk#6604).

PEG is the mineable token of PegNet.  PEG is awarded to miners who subscribe to external market APIs and publish the data to PegNet.  This data is for fiat, crypto, and precious metals at present and these miners are acting as decentralized oracles.  The price these miners agree upon for USD, BTC, ETH, XLM, Gold, etc becomes pUSD, pBTC, pXLM, pGold, etc.  These are the "pegged assets".  This, for example, makes pUSD a decentralized, fully auditable competitor to the likes of centralized stablecoins like USDT and Tether.  pGold becomes a crypto version of gold that should always follow the value of gold.  So if you want to hold crypto that follows the price of gold, you now can.

Please let us know if you'd like further clarification on specific points.

There is now a Russian translation of the PegNet presentation: https://docs.google.com/presentation/d/1veQiIxOpPaNS4LCbtVsZ_jS-fdXBb_VkKXUaYr0o79o/edit?usp=sharing

IMPORTANT

The PegNet fork has a block height activation of 222270, estimated to be  Dec 9, 2019, at 17:00 UTC.  Make sure you've upgraded (https://medium.com/pegnet/pegnet-software-update-monday-december-9th-at-17-00-utc-1202fca31ea4?)!

Block 222267 is the last block to submit FCT burns in time, 222268 is the last block to submit an unlimited pAsset->peg conversion before the fork.

One million FCT have now been burned for pAssets!

https://twitter.com/DJohnstonEC/status/1204099035705028616?s=20

Strongly Supporting PegNet!

Thank you for your support!  If you're on Twitter, please be sure to follow @pegnetnews and help spread the word :)

And what's the real purpose of the PegNet if that will be awarded to the miners only? You are saying if there will be pUSD and etc. is there a hot wallet to store the reserved funds? as far as i know if the stable coin will always need something to back it to make sure if the price of that coin will be stable without getting the volatility from the market.
Can Peg be converted into those coins?
If you are having the data for the collateral to backed the coin and it can'e be used to backed your coins.
Im feeling curious about how it works consider you are offering various pair to be used as a stable coin.

Excellent questions.

1.  On PegNet, pAsset prices will always be what the oracles (miners that subscribe to external market APIs) come to agree is the value.  So for example, on PegNet, pUSD should always be $1.00.  On EXCHANGES, the price is stabilized by arbitrage.  You can read about that here (https://factomize.com/how-pegnet-asset-prices-are-stabilized-via-arbitrage-on-exchanges/).

2.  PEG can be converted into any pAsset for just 1/10th a cent.  Any pAsset can be converted into any other pAsset for just 1/10th a cent.  Each block, in addition to the 5,000 PEG for miners, 5,000 PEG are available for converting from pAssets to PEG.  You can read about that here (https://https://medium.com/pegnet/predictable-supply-of-peg-3fd39124f36). 

What gives you value to the Peg token?

Data Reveals F2Pool Mining Pool Giant Connection To PegNet - Hashrate Goes Parabolic - https://www.publish0x.com/dyec/data-reveals-f2pool-mining-pool-giant-connection-pegnet-hash-xxrkwl

I wanted to share 2 tools we have built for the PegNet miners:
A mining reward calculator to estimate mining profitability: https://www.oraxpool.com/calculator
A database of hardware with their approximate hash rates for PegNet: https://www.oraxpool.com/luxor

PEG is a critical component for stabilizing the various stablecoins on exchanges via arbitrage.  It's what allows arbitrage to function correctly.  You can read about that here including PEG's specific role: https://factomize.com/how-pegnet-asset-prices-are-stabilized-via-arbitrage-on-exchanges/

Two new changed to PegNetMarketCap.com today:

https://twitter.com/pegnetmarketcap/status/1206627016788725762

Yes I understand that. However I am wondering what are the conditions or tokenomics that make the token appreciate.

Factomatic released the first GUI wallet for PegNet: https://twitter.com/Factomatic1/status/1206984362593587201. The wallet has support for burning FCT to pFCT, as well as for PegNet transfers and conversions. In order to use the wallet you will need to first install their Chrome extension Kambani: https://chrome.google.com/webstore/detail/kambani/oiceedellfbhhplkfkpkkocbdkifpili. Kambani is a MetaMask-like browser extension, which creates an encrypted vault in your browser and allows you to sign PegNet transactions from the web wallet. Your private keys are never exposed to the wallet and never leave your encrypted vault! After installing the extension, you can access the wallet at https://factomatic.io/wallet The wallet has undergone substantial testing in the last few days and they haven't had any reports about missing funds or otherwise faulty transactions. HOWEVER, THE WALLET IS STILL IN ALPHA, SO ALWAYS TRY INITIAL TRANSACTIONS ONLY WITH SMALL AMOUNTS


Step by step instructions to move PEG and pAssets from the Enterprise wallet to the GUI wallet: https://factomize.com/how-to-transfer-peg-from-the-enterprise-wallet-to-the-gui-wallet/

that's very interesting. Is that mean when PEG will be converted to the Passet and the price will always be divided /10, i meant about we will get 10% value from the Passet, right?
Thank you so much for your link.
Is there a partnership with factom? I just see someone above me already published a link that said FACTOM ceo is also talking about Pegnet. Is he an advisor for Pegnet?

PEG has been added to Bilaxy which is a top 10 exchange according to CMC.  https://bilaxy.com/trade/PEG_USDT

In addition, 5 PegNet pairs were added to IDEX as an ERC20 gateway has been created for PegNet which creates Ethereum Interoperability for PegNet, and thus Factom ecosystem.  The following tokens have been listed: PEG, pUSD, pFCT, pXAU (pGold), and pKRW (ETH pairs) - https://idex.market/eth/peg

IDEX is the #2 DEX by volume according to Etherscan: https://etherscan.io/stat/dextracker

Very good to know that, even I have seen the announcement from the index, which very soon they are going to list the Pegnet coin in the indexing platform. So within the short period of time, you have managed to list the PEG coin in Bilaxy too.

Hello, all) Could someone help me using wallet? I've got seed frase and see balance on explorer but can't see the same in factorial wallet( Why?

Attention Miners

Pegnet had a fork at height 225337. This was caused by a slight implementation difference of pegnetd and pegnet. Pegnetd is the offical implementation of the protocol, as that is the binary run by the exchanges and users of the system. For this reason, we are applying a patch to pegnet to resolve this slight difference.

Update is here: https://github.com/pegnet/pegnet/releases/tag/v0.4.0

If you are running the reference miner, you will need to update immediately. Currently all reference miners are running on the wrong fork.

What does this mean for you?

- If you are a solo miner using the reference miner. Update immediately, as you are not currently earning any rewards.
- If you are running the prosper pool software as the pool operator, you do not need to take any action. The prosper pool does not have the bug.
- If you are a miner on the orax or prosper-pool, you do not need to take any action.

LOL   How much did they pay for that article?!  :D

Pegnet is crashing fast and the exchange with the largest volume is just Wash trading.  Its so funny to see.
Factom is down 97% from ath. 

Cannot see how Pegnet going to succeed.  Market is showing what it thinks of it already

Blog post: Reaching PegNet Community Consensus Via PoW (https://factomize.com/reaching-pegnet-community-consensus-via-pow/)

This is something revolutionary. Good prospects for the project for the future. I love your coin and follow your project. I believe that soon your coin will fly high. It will be a great success in your efforts.

I see how your volumes are growing and I am pleased to see your project the best. I really like your plans

For me, this is something unusual for what is happening with your coin; buying in large volumes; the price goes rapidly to the top  :o :o :o

watched.

PEGNET WAS HACKED.......


get the hell out now

No users founds were affected, project is still very early so it's quite easy to get enough hash power to attack it but attacker couldn't liquidate the assets due to lack of liquidity on exchanges anyway. If there was enough liquidity he wouldn't be able to perform the 51% attack in the first place because likely the hash power required to perform a 51% attack would be impossible to get as you can't use asics and the total hash power would be much higher.

This project is very underrated IMO

How this could be a stable coin if your price dropped twice in last month? And you don't have backed fiat currencies for your "stable token". And where from comes "infinite liquidity"?