Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?
It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining. See https://bitcointalk.org/index.php?topic=187714 for more info. EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake. This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different? YAC gets it's POS implementation from Novacoin, which got it from PPCoin, so yes, those steps should work with YAC (I got my wallet working that way too). |
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Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?
It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining. See https://bitcointalk.org/index.php?topic=187714 for more info. EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake. |
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In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins. Can anybody say if there are any chances to see current stakes in daemon? Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but ./yacoind listtransactions does not show anything new and balance remains the same From looking at the source, I think it's 5%/yr with YACoin: https://github.com/yacoin/yacoin/blob/master/src/main.cpp#L1021 |
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 ZeroCool gunna git ya! |
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What I can't figure out is why any DEV wanting their coin to flourish would make such an insane challenge especially when total network has is about 1 G/HS including the pools.
I've just done some calculating and it appears that by DDoS the pools, the solo hash rate will be less than 300 M/HS.
Also Vicurex just picked this coin up, think they want to be part of an attack vector brought on by the DEV?
~BCX~
It's called: overconfidence. I'm inclined to agree...I think it's a bit premature to throw a 1GH attack against the coin, especially when most/much of the miners are sitting in vulnerable pushpools. The wallet does have up to date checkpoints, but you'll still be 51%ing the network. ...one where the coin has no POS, a 20 second block time with only 5 confirms required. I hold a decent amount of DGC currently (half mined, half bought) and this has me a bit concerned. |
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I am wondering why among DGC and ARG, neither has a POS featureset. Not like it would help before 30 days of them being out, but if anything having POS blocks could go a long way towards strengthening the coins.
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take a look at giveaways. they're giving away 25-50 ARG per person which is a huge value compared to 1-5 coins per block...
premine was also spent to pay the developers for their hard work. that's why you see a great code, and some nice services like online wallet and a market which should be open soon.
I took a look at giveaways. They are giving away 25000 coins. So there is still 175k premined coins. With the 175k premined coins beyond the giveaway thread, will there be some kind of accounting posted as to how they will be given out (and, as it happens, ARE given out)? It would be a positive if this info were public knowledge for transparency with the coin. |
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Just moved some hash over....can we keep this one off the exchanges for at least another week? Let it mature a bit under the radar (and let the early miners benefit  What interested me: * Quick block time with enough confirms required for security * Lack of orphans * Merging with DGC's dev team (I've been mining DGC as well) |
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AdAsLnUsBiDH7Kbn9jgGwuTHKYYs4KJums
thanks!
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So, how many people would pay $1500 for a 7MH/s scrypt miner, which ran in say 500 watts? The power is just a swag. I'm pretty sure I could outdo a GPU by 2:1, just not sure if I can get it to 10:1.
If you really had something like that working ($1500 for 7MH), I'd buy a few dozen of them off you, after field testing one. I'm sure there would be a good sized line of similar individuals as well. The big question you should be asking is... at $1500 a pop for 7MH, what would your profit margins be? It will depend on there TPG, scrypt uses KH/s not MH/s. 7,000KH/s @ 500 watts Profit BTC LTC USD Cost Profit Per Day 0.2013 BTC 9.6767 LTC $20.56 $1.44 $19.12 By profit margins I was actually meaning more oatmo's margins for selling the devices (if that's what he did, rather than opensourcing the design from the start). For 7MH, you could sell it at 3K a pop and still have people line up, since you're still readily beating the price:performance of a GPU rig. |
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So, how many people would pay $1500 for a 7MH/s scrypt miner, which ran in say 500 watts? The power is just a swag. I'm pretty sure I could outdo a GPU by 2:1, just not sure if I can get it to 10:1.
If you really had something like that working ($1500 for 7MH), I'd buy a few dozen of them off you, after field testing one. I'm sure there would be a good sized line of similar individuals as well. The big question you should be asking is... at $1500 a pop for 7MH, what would your profit margins be? |
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YAC has been added, thanks for your interest in my store.
Yay! |
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fendlestick, what ecommerce software are your stores based off of?
have you thought about open sourcing, or selling the code to your store (specifically the altcoin integration layer/plugin...)? Seeing that market adoption on a coin largely hinges on having places to spend it, I think putting that out there would be a great way to help build a community and marketplace around altcoins. Having the code on a place like github would allow the community to enhance it further. It could end up spurring a number of additional store sites, that would sell things other than the items you sell (i.e. not competing).
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I just updated my yacoin charts: http://cryptometer.org/yacoin_90_day_charts.htmlBlock generation is only moving slightly higher than the target rate and difficulty is not going up much. Looks like this GPU miner is not having a significant effect for now. Great charts! |
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sairon: In yacexplorer, how often is the top stats (richest addresses, etc) updated? Looks like the numbers up there are form 6-1. Any way to update more frequently?
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Looks like the pools are getting split between 2 major now  Network hashrate: 757.57 MH/s erundook -> http://dgc.epools.org/ ->Pool hashrate: 343.42 MH/s Big Vern -> http://digicoinpool.com/ ->Pool Hashrate: 321 MH/s The rest @ 100 Mh/s If we can have at least a 3rd pool that gives accurate rewards like this 2 we don't worry about that 51 % question Edit : People should post about the other pools and their experience with rewards I normally don't use p2pool, but I have been mining at http://p2pool-dgc.com:9500/ and the rewards have been spot on. Very solid pool. I found it more accurate with the rewards than any of the pushpools I tried. |
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Regarding an auction site, this is probably what would be used to make one: http://www.webidsupport.com/Would just need to add a payment plugin for YAC and get it hosted. If no one else takes this up, I may do it once I get some free time. At a minimum I would post a number of items to whatever marketplace site was created for YAC. |
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In light of the successful attack on FeatherCoin ( https://bitcointalk.org/index.php?topic=231020.0), what are DGC's plans to resist such an attack? I see the newest binaries have updated checkpoints, that's great. The lack of POS minting will make things a lot easier to 51% however, since it's about pure hashing power thrown at the network. |
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