Hey everyone. Been a while since I mined EMC2. I see there is a new wallet. Are EMC2 anomalies still enabled? I forgot what they are actually called but I remember it was nice getting that extra EMC2 from them back in the day  If you are talking about wormholes. They got removed in december, that's why a new wallet was released  Yeah, that's what i was referring too and damn haha. Either way profits seem to be good for mining EMC  Thanks for the info! |
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It looks like someone is trying to confuse forging rewards with dividends.
So let's clear this up.
Forging is basically the same thing as mining. Delegates are being paid to find blocks, just like every crypto out there. Instead of a fixed reward like most of crypto, we went with an annual percentage rate of 5%. This is also nothing new. Proof of Stake coins have been doing this since early 2013. One of the oldest coins Blackcoin does this and same with Peercoin.
Please ignore the people trying to cause confusion. They are just doing it for lulz. If anyone has a question I'm more than happy to answer.
But this statement ""The Company may make a distribution to the holders of BLOCKPOOL in a sum equal to 5% of the Companies net profit after tax in any year." has nothing to do with DPOS earnings or? This is about profit sharing which would make BPL a security token. this is the concern... The terms of service for the TEC stated that we hold the right to do that sort of thing but aren't obligated to do so. We did it this way because when we ran the TEC, revenue shares were still a VERY grey area for the SEC and they had not yet made a statement. We blocked all US FIAT purchases and at the time because things were pretty clear in those regards, the SEC had not yet made a statement about purchases in crypto. We are also a UK based company and aren't subject to US laws like US based companies are. While we understand that US based exchanges are subject to US law, we aren't focused on getting onto any of them anyway. We also updated our documents to term them air drops as suggested by another member above. Hopefully this helps clear things up. However the CFTC seems to take a completely different stance than the SEC does in saying that a utility token is not subject to SEC ruling. Blockpool is by definition a utility token. |
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my node crashed 3 days ago maybe because of this update?! maybe you could announce update in advance?
had to update commander (manually via git pull) and the node in the commander. now its working again
The update to github was just updating the seed IPs in the config file. It was more likely you had the old IPs which caused the problem. |
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Hey everyone. Been a while since I mined EMC2. I see there is a new wallet. Are EMC2 anomalies still enabled? I forgot what they are actually called but I remember it was nice getting that extra EMC2 from them back in the day |
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Attention Delegates We have updated the list of seed IPs in our github configuration file. Please update ASAP as it will improve your nodes stability. We have created a simple script to update the configuration file for those who installed manually. Just copy the script over to the BPL-node directory and run: https://github.com/blockpool-io/update-peersFor those who used BPL Commander we fixed the code so you can now update your node directly from that, just pull in the latest from our github here: https://github.com/blockpool-io/BPL-CommanderFollow the prompts in the console. |
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It looks like someone is trying to confuse forging rewards with dividends.
So let's clear this up.
Forging is basically the same thing as mining. Delegates are being paid to find blocks, just like every crypto out there. Instead of a fixed reward like most of crypto, we went with an annual percentage rate of 5%. This is also nothing new. Proof of Stake coins have been doing this since early 2013. One of the oldest coins Blackcoin does this and same with Peercoin.
Please ignore the people trying to cause confusion. They are just doing it for lulz. If anyone has a question I'm more than happy to answer.
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I am a bit confused reading your last post saying
"you can always remove the vote from your delegate and vote towards a pool which pays out automatically without the need to run a node."
I am not sure I See the difference between voting for a delegate et voting towards a pool ?
Hi Rosam, If you are running your own delegate you would need to vote your holdings towards it to be eligible to forge. You would also need a well rounded PC or a good VPS running all the time. Voting for a pool is different since it doesn't require node maintenance knowledge or setup, however the pool takes a % of the forging rewards in return for doing the hard work. |
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I need to help here. I registered delegate but i´m missing blocks. It is not enough just to keep wallet open 24/7? What else is needed for "mining"?
Hi Billy, Blockpool runs a DPoS Chain. In order to forge you will need to run our dedicated node software, which can be found here: https://github.com/blockpool-io/BPL-nodeIt does take some linux knowledge and configuration but the steps are all laid out in the readme. We also have a install script which works for VPS's in the US region. We are working on bringing this script to other regions as well. If you need additional help there is usually someone around to assist in our Discord channel. Minimum requirements to run a node 2 core 4 GB RAM 120 GB SSD 100MB/s network connection One of the providers we recommend is called Contabo. Their VPS services baseline provides more than enough hardware to do what you need and will be compatible with sidechains, which will come further down the line. If you take a look at the readme and figure its more than you wish to do, you can always remove the vote from your delegate and vote towards a pool which pays out automatically without the need to run a node. As always feel free to leave any questions here to to PM me and I will respond as soon as I can. Regards, Loco |
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There still seems to be some confusion as to why we choose an annual percentage rate over a fixed block.
Traditionally cryptocurrencies have had a fixed block reward like bitcoin, however an annual percentage rate is not abnormal either. Many of projects have used this method as a more stringent way to manage inflation. I understand that not everybody likes annual interest rates, it reminds them of banks. We understand this. However our focus is towards business integration, not payment solutions. Most businesses that are not currently into crypto like the rest of us are put off by fixed block rewards, they understand annual interest rates and compound interest. Businesses like this because its better for their bottom line, they make more over time. The 5% rate has nothing to do with the SEC or US regulations and exchanges aren't forging on the BPL Masterchain so that is totally irrelevant. The annual interest rate also encourages Delegates to hold into more of their tokens due to compounding rewards. Because of this the longer you hold and forge the more BPL you earn over time.
Both systems have their downsides and their upsides.
One thing I would like people looking to become Blockpool delegates to know is that not all of our sidechains will have an annual interest rate like we do. The creator of the sidechain will be able to decide the reward system that best fits their project. To forge on the sidechains it will be a requirement to be a BPL Delegate in good standing. You won't have to be in the top 201 though but a solid uptime is required.
Blockpool delegates will earn more than just Blockpool tokens if they are forging on our sidechains, they will also receive the rewards for the sidechains they choose to forge on. These could be fixed block rewards or percentage rate rewards. BPL Delegates will be able to enable up to 60 sidechains they wish to forge for, assuming their VPS is capable of handing all of those chains. Our Delegate management Software will make it easy to know how many sidechains a specific VPS would be able to handle.
Hopefully this fixes some of the confusion. If anyone has a question as to why we did what we did beyond what I explained here I am more than happy to answer them. We just ask that they are presented in a respectful manner. If you're not happy with the solution nobody is forcing anyone to be a delegate. We do have pools available to vote for that provide consistent payouts and these pools will also be sidechain enabled. If voting for a BPL pool currently isn't up your alley simply because of the annual percentage rate, then my only suggestion is to either wait for sidechains to become enabled and vote for a pool forging on only fixed reward chains.
Regards,
Loco
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I doubt that is the real Katy Perry. Probably someone trying to pump the price of BPL by utilizing her name. Sorry to ruin the fun but I can't let rumors like this swirl around. |
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Hey,
It isn't a partnership. We are one and the same company.
The reason for cross posting the weekly update is the development teams are the same and the progress feeds both coins.
So ADC is in postgres already or still in blockchain? If this repo https://github.com/aurovine/AudioCoin is not actual, how can I migrate old ADC coins to BPL? I've not seen any swap announcement. Do you have some guide for that? Hi there, I am confused by your confusion about postgres and blockchain. Postgres is just used locally to store the chain. It is not a replacement for the blockchain? ADC is still separate from BPL. There are plans but nothing set in stone yet. As and when we do a coin swap we will be providing lots of information and spreading the word far and wide. Thanks for your question Thank you for clarification. That sounds reassuring. As for confusion... I doubt every time when I see postgres or some other RDBMS instead of leveldb (lmdb or rocksdb) because there are many fake cryptocurrencies still around, like stellar, ripple, NEM or NXT and RDBMS is often used there. Hi g1itch, BPL uses postgres to store the blockchain information. Leveldb is very stringent and doesn't allow for any improvements without breaking the entire chain. Postgres in the case of BPL allows for MUCH easier updating and if we do need to make a change to the postgres DB itself, we can easily port over the old information into a new DB without breaking the chain at all. One of the many reasons we are moving ADC to a BPL Sidechain. However I do disagree with NXT not being a blockchain. It uses a different method to store the DB, the chain itself is still pretty much the same. I do agree with you that STR and XRP aren't blockchains. But not for the same reasons. They store the chain like any other crypto, however there is no decentralisation at all. STR is much better than XRP in terms of how centralized it is, but the fact that the developers can create new STR on a whim is a major problem. Luckily they have only done this once to my knowledge and that was an airdrop to the community. USDT however is not a blockchain, there is no decentralization at all, developers are able to create tokens when they want to, and they often do and they don't do airdrops, all of that money goes into the pockets of the devs to pump BTC up. |
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I found the problem in the new node code where stake weight and network weight do not rise. I am reverting these changes and will make another announcement when thats complete and tested. Until that is done please use the older version of the wallet which is on audiocoin.eu
update i was just notified that the mac wallet is also effected. We have pulled this version from the website and will replace it when the new build is done.
We apologize about any inconvenience this has caused and I can assure you that no coin weight has been lost. If you do have the old version of the mac wallet you can easily revert by simply opening and running it.
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Hi,
I need to add anew the list of nodes in the console everytime the win wallet is opened, it deletes them when closes. I also tried to add a *config but does not sync.
Do any of you know to fix this, please?.
Hello, If you create a audiocoin.conf file within your Audiocoin directory (Roaming folder in windows and .audiocoin in linux). You can add in the nodes into the configuration file and the software will pull them in automatically from there. addnode=35.176.14.149:25159 addnode=52.56.111.222:25159 addnode=69.195.153.10:25159 addnode=104.167.2.136:25159 addnode=148.251.69.11:25159 addnode=69.197.188.186:25159 addnode=46.105.34.58:25159 addnode=213.136.94.226:25159 addnode=46.4.113.143:25159 addnode=81.135.229.251:25159 addnode=24.17.246.77:25159 addnode=124.47.89.43:25159 addnode=104.175.216.113:25159 addnode=172.219.52.143:25159 addnode=124.190.76.213:25159 Regards, Locohammerhead |
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Hello everybody and happy holidays!
We have fixed the voting problem in 1.2.5, which I tested last night. I am confirming with Cyrus now that the update has been pushed to our github repo. I will make an official announcement when it's been confirmed.
Regards,
Loco
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I see, so when CMC get our listing updated correctly, we should be in the 400's ranking at the moment -not 1100+ as it is today. More visible to investors.
Thanks for the update.
That is correct. I sent in the last piece of information that they requested yesterday. So everything should be good to go now. |
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Official Announcement!!! Blockpool is to be listed on COSS.io next week!!! Sidechain creation is complete and tested successfully. The nodes come up automatically as expected and chain height increases as expected. Currently we can deploy a sidechain with any setting we would like within predetermined limits. We are cleaning up the code and integrating it into the BiT Platform. Next steps are the delegate rotation, Genesis Masterchain Smart Contract and Genesis Sidechain Smart Contracts. Okay so that's a good news. As for Blockpool not legally viable in the United States under SEC regulations, I would have to wait for your responce again about this. This jhonston had raise a good point about it, do clear our minds about it. To be honest, I didn't read the entire whitepaper but only the goodness of the project. This revenue sharing is also something good that people will thought of buying more BPL. Hi carbon, Here is the legal opinion we received regarding your question. https://blockpool.io/docs/Crossley%20&%20Davis%20Legal%20Advice%20Regarding%20Blockpool%20Project.pdf |
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