Yes :-)

Yes

I've also setup a Twitter for the multipool @ShockPools.  https://twitter.com/ShockPools

Gone twitter happy ;-)  But, it seems to be where all the crypto folks are hanging these days.  I'm shopping around for the hardware/hosting for the multipool now.

Thank you :-)

Just hold PRT.  Investor guide will explain.  ;-)

This is what is coming for the exchange.  This screenshot is from me mocking up the chart layout.  Those are wired up now.  I cleaned it up a little and desaturated some of the colors more.  For staring at the screen trading all night   I took some inspiration from bitcoinwisdom for the trading interface.



Particle of course will feature prominently on the exchange.  The system architecture is really cool.  The backend is a decentralized/distributed architecture running on very similar core technology as MaidSafe.  This is not one of those one page PHP exchange scripts with hot wallets on the web server   This is a multi-tier message oriented architecture designed for scalability and to handle high volume.  The trade engine is built on similar architecture as the LMAX principle - high performance single threaded trade processor, avoids race conditions and locking issues.

This has features that will appeal to pro traders.  Stop loss / Take Profit, range orders (e.g. I want to buy 1,000,000 particles on the PRT/BTC market from .00000200 to .00000300 spread at 5 satoshi intervals), price alerts, etc.

I will have this code complete today, then time for more testing and tweaking and build the live infrastructure.

Thought I would post a screenshot so you can see that this stuff is real and not just fluff.  Its real.  Its coming very soon.  This is the first time anyone in the public is seeing this.  I have partnered up with a big name in the business.

You'll see how this ties in to Particle when I release the monthly investors guide.

I am finishing the exchange code today.  Over the weekend I will finalize the android wallet, test the exchange, and build the multipool server probably on Sunday.

Rough order of events that is coming:

1. Exchange beta is released
2. Android wallet is released
3. Multipool comes online
4. Updated QT Wallet release
5. Website is updated with a nicer landing page
6. Particle Shares program website comes online
7. Point of Sale system development roadmap and release plan finalized
8. Point of Sale system website/landing page comes online

I am going to take a page from Blackcoin and put together a nice monthly investors guide.  The first one will explain how all of this plugs together and how the dividends are going to work - and supply buy pressure similar to how the multipool will supply buy pressure.  I will drop it along with a video next week.

@CoinStrype is the twitter for the Particle point of sale system.  https://twitter.com/CoinStrype

Yes, our pool will work the same as blackcoinpool.  So, you would want to be using your GPU's to mine hot Scrypt or Scrypt-N coins (e.g. whitecoin, asiacoin, vertcoin, etc.) or SHA coins (mazacoin, unobtanium, takcoin, etc.) for maximum profitability there.  And then there would be an additional port for PRT quark miner.  You could run the cpu miner against the prt port while you run the gpu miner against the profit-switching port etc.

Shares are based on the work submitted.  The work is dependent on the hashing algorithm used.  Hence why you have different ports by algorithm.

I'm leaning towards doing a combination of what Hilux suggested with the pool fee's going into the bonus fund, and taking a % of the dividend for the mining bonus fund as well.  Those dividends will be nothing to sneeze at so it should provide a nice incentive.

Ok, back to work on the exchange.  Almost done :-)  I've been playing with the android wallet on my phone too.  Few more tweaks.

What if you could only receive dividends if you were also an active miner on the PRT port for at least x% of the reporting period.  Or is that too restrictive?  What if your dividend share was increased a certain % if you were an active miner on the PRT port proportional to the % of the reporting period that you were mining?  Perhaps we take 10% of the dividends and reserve them for the bonus to the PRT port miners?

Yes this is exactly what I'm thinking of.  But remember PRT is the quark algorithm, whereas most of the multipool mining people are renting Scrypt/Scrypt-N or SHA miners for.  I know with SHA I will put my ASIC farm on it.  With Scrypt people will rent rigs or point their GPU's at it.  For PRT, its quark, and there aren't a lot of qrk or x11 (which is just qrk + a couple more crypto functions) coins out.  So we would want people mining on the multipool to point their local cpu miners at the direct port, and then find a way to reward them for doing it.

We could do it easily, but we also want to make sure there is enough headroom to continue rewarding miners for adding hashpower to the network.  Right now the block reward is 45 PRT.

What if we added an additional port on the multipool for direct mining of PRT.  So, you could hookup to the Scrypt, Scrypt-N, X11, or SHA ports to earn payouts in PRT, but then also connect up to the PRT port.  And we take like 20% of the net PRT from the multipool and divide it up amongst people as a bonus for mining on the direct port?

I'm just throwing out ideas...

Maybe there is a way to tie the multipool rewards into hashrate on the PRT network.  The multipool is psuedonymous so there are no user accounts.  Anybody have any creative ideas on how to tie the two together to incentivize people to also put cpu mining power on PRT?

not instead of, in addition to.

I am setting up a multipool, but my concern was that folks will mine on the multipool instead of as opposed to in addition to mining on PRT.  The ideal situation would be that people do both.

The value of PRT will be enough to incentivize people to mine it, but I am concerned about the nethash rate.  Which is why I started thinking about PoS again.

I read through some code, and I'm pretty sure I could make the migration work seamlessly, but now I am debating whether it is worth it, because of the issues you illustrate.  The PoS stuff is not foolproof and comes with baggage of its own.  It would also mean essentially going backwards in time a couple of versions of the bitcoin core and losing some RPC functionality etc.  I know PoS is a popular fad right now, but I am not too thrilled about it and the legacy codebase you have to use.

Right now PRT is relatively cheap, I know its gone up a bit % wise on BTER but at the moment it is cheap - but it is not going to remain so for long with the things that are coming.  Thats a good thing, but it also brings concerns because as we climb coinmarketcap and start dropping news we are going to start gaining a lot more attention.  One thing I am thinking about at the least is automated checkpointing.

I just want to make sure we maintain hashrate on our network in addition to mining on the multipool for payouts in PRT.  Because we aren't PoS we need both.

Does anyone have any thoughts on how we might migrate to Proof of Stake?  Proof of Stake has a slightly different block format then the regular blockchain.  The only way I can see to do it would be to create a new Particle2 blockchain and do a 1:1 swap out of the coins, which scares me and I think is dangerous because we would need to get all of the exchanges and pools on board.  I think it is too disruptive.

What I'm trying to think of is if there is a way to migrate the existing blockchain and add the PoS functionality after a hardfork.  We could hardcode it to ignore coinstake until after the hardfork.  But how do we pull the existing blockchain in so the block headers have the PoS mods... this is what I'm thinking through now.  If we could construct the new PoS enabled blockchain from the existing one, then its an easy matter to hardfork it and require everyone to simply update their client.  I'm just not sure how to do this without winding up with two clients within one codebase that knows how to do the conversion, which is a lot of work.  I'm not sure if you had a normal peer and a PoS peer if the PoS one would be able to accept the block inventory.  Maybe it would "just work".  In that case, I could simply stand up the PoS node let it sync and build the new blockchain, and then we do a hardfork.

I'm not aware of any other coins that have successfully done this migration, does anyone know of one?

Open to any ideas.

Activity is picking up on Twitter and more folks are starting to get involved.  As we keep climbing CoinMarketCap we will capture people's interest again soon.

Would someone be willing to research this over the next week and find out what our options are?

I've been giving some more thought to the multipool idea.  It would be in addition to the other things we have planned.  Is it something you guys would be interested in?  What would you want support for?  Scrypt, Scrypt-N, SHA, and then you can CPU mine Particle against our existing pools while you GPU mine profitable scrypt coins, Scrypt-N, X11 coins, SHA256, etc against the multipool?  I could set this up once I have the exchange launched in a week or two.  But how would it work?  Any suggestions?  I'm trying to plan out the rollouts of the different things that are coming over the next month.  Where would you prioritize a multipool if we did one?  Would you mine on it?

The original post is now updated with this 

I have sent 100k of my own PRT to @BoardDavid on Twitter who will be running a Twitter Particle promotion.  Follow him there for details.  https://twitter.com/boarddavid