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Hi folks!
What can we expect dev, from this coin?
Can you give us a update on what is planned for this coin?
The price is terrible low, and alot of us want some news, that can
make the coin popular among the traders (profit)!
I will be announcing some plans after PoS is activated so that there are not so many coins being minted and the price can remain more stable. |
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There is now a block explorer located at cryptobe. You can now use this to audit the blockchain and to check on transactions. If you have not tweeted or contacted Bittrex about Ticketcoin, please do. You can tweet them xchange or email them to request Ticketcoin to be added support@bittrex.com. I know they'll add Ticketcoin eventually, but I have a few people really wanting me to start a campaign to get Bittrex on board. |
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lol no block explorer and double the coins that should exist.. meh.
I'm using cryptobe for block explorer hosting and they've assured me it will be up and running in 24 hours. Even though the luck of miners on lotto pools is much greater than I expected this does not compromise the protocol and once PoS is active the large coin increase won't be happening anymore. |
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This is just speculation on my part but:
With most of the hashrate being on the lucky pools the diff has to go very low in order to sustain the desired block finding rate which means that way more than 1 out of 50 blocks are lucky blocks.
I thought of this. If most people are mining on lottopools then if you switch to a normal pool with the lowered difficulty then this pool will find blocks 49 times faster and it'll balance out. Also sorry for the mistake it's not Max PoW coins, it's the approximate max without accounting for lottomining. Clearly the supply will be a bit more with this many people lottomining |
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I've added all these lotto pools to the ANN. Check them out and try your luck!
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Which pool will create lottomining pool and dev what you mean with this words ,, that pool operators can try to set up lottomining pool'' ? It works or not
Yes, it works. The pool will receive many rejected blocks though because of how it works. So which pool will set up lottomining pool any volunteer.One more thing dev what will be the total supply after pow and this lottomining? It depends on how many people do lottomining... I'm not sure of a way to estimate it without knowing the hashrate for lottomining. I'm confused by your description of lottomining. Is it 1 in 50 found blocks are work 100x and 49 in 50 are invalid? Or 1 in 50 100x 48 of 50 normal and 1 of 50 invalid? If you use lottomining 1 in 50 blocks will be valid with a 100x reward. The other 49 blocks are rejects Well, it does not appear any pool wants to setup a lottery pool yet. Even though the projected outcome would yield 2x the coins. Maybe I'll do the lottery staking. Yes it is intended to be a bit more risky, but with significantly more profitable mining if the pool is lucky. |
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Which pool will create lottomining pool and dev what you mean with this words ,, that pool operators can try to set up lottomining pool'' ? It works or not
Yes, it works. The pool will receive many rejected blocks though because of how it works. So which pool will set up lottomining pool any volunteer.One more thing dev what will be the total supply after pow and this lottomining? It depends on how many people do lottomining... I'm not sure of a way to estimate it without knowing the hashrate for lottomining. I'm confused by your description of lottomining. Is it 1 in 50 found blocks are work 100x and 49 in 50 are invalid? Or 1 in 50 100x 48 of 50 normal and 1 of 50 invalid? If you use lottomining 1 in 50 blocks will be valid with a 100x reward. The other 49 blocks are rejects |
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Which pool will create lottomining pool and dev what you mean with this words ,, that pool operators can try to set up lottomining pool'' ? It works or not
Yes, it works. The pool will receive many rejected blocks though because of how it works. So which pool will set up lottomining pool any volunteer.One more thing dev what will be the total supply after pow and this lottomining? It depends on how many people do lottomining... I'm not sure of a way to estimate it without knowing the hashrate for lottomining. |
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Which pool will create lottomining pool and dev what you mean with this words ,, that pool operators can try to set up lottomining pool'' ? It works or not
Yes, it works. The pool will receive many rejected blocks though because of how it works. |
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Difficulty is currently almost 250 and on block 71!
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Diff works blocks crawling along super slow.
I heard that digishield was the best for launches, so I chose it for PoW. Glad it's working properly  |
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Ticketcoin Ticketcoin is the first ever coin to debut a new form of PoW and PoS mining named Lottery Mining. You can mine as normal and get the standard reward of 250 TKT. Or you can mine using the new lottomining mode. With lottomining you have a 1 in 50 chance of finding a valid block then you will be rewarded with a 100 times multiplier being applied to your reward for a block. For PoW it is the same as a 25,000 TKT reward or for PoS it would be 500% interest. There is a risk to doing this though. You have a 1 in 50 chance of it being invalid! So you must decide if you want to take the risk or not. The technical details for how lottomining works is as so. In the reward code it runs the current block through a random number generator. If the random number matches then you get the extra reward. If the random number doesn't match though then the reward should be normal. Since the transaction for receiving rewards is set to 25000 TKT it won't be valid. And changing the transaction will change the block hash. Pools are recommended to try creating a lottomining pool seperate from their normal pool so that prospective miners can try winning the lottery! Lottomining also applies to PoS to yield higher interest at the risk of finding less blocks and thus less TKT. To use lottomining, just place lottomining=1 in your configuration file Specs:Algorithm: X11 POW/POS Ticker: TKT Approximate Max PoW Coins without lottomining: ~2,520,000 TKT PoS Starts on Block 10080, about 7 days of PoW mining 5% Annual Interest 0.5% premine RPC Port: 7998 Wallets:GitHubWindows walletvirustotal checkThere is a minor problem with the windows wallet. When you run it the first time it crashes. If you run it again though it works fine. I'm working to fix this issue. addnode=45.56.64.32 Exchanges:C-CexEmpoEXCryptotradeBlock Explorer:http://cryptobe.com/chain/TicketCoinLottery mining pools:These pools are less likely to find blocks but when they do the reward will be 100 times more than normal! https://tktlto.suprnova.cchttps://tkt.minerpools.comhttps://tkt.coin-miners.info/ Normal mining pools: ipoMiner (direct port 3601) Suchpool SuprnovaLater plans:There will be a lottery site setup so people can participate in lotteries with Ticketcoin, Dogecoin, Bitcoin, and more. In the beginning stages this will use a portion of the premine to seed the lottery and for development and marketing. More details for this will be released later. |
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I followed this tutorial and it's really tricky, but it does work. I used a virtualbox for it so I didn't mess up my computer. |
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