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It's the proof of stake transactions. Your coins are old enough and you've generated proof of stake blocks. These reduce your balance for 520 confirmations and then come back with a little bit extra for your troubles.
If you use the command line build and do a "getinfo" you'll see the amount currently set aside for POS blocks as "stake".
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However, until then I consider the design of this currency unfinished, which makes me think whether a 1 year testnet approach would have been the more responsible decision.
PPC should be considered a test currency. As I say on my exchange: The PPCoin network seems to be experimental. It uses a different approach to blockchain security than Bitcoin. This exchange makes no guarantee that the PPCoin network will remain viable or secure in the long term. Even if the developers released it as a '1 year testnet' coin I'm sure you'd find speculators jumping on it. And probably even continuing with it after the year. Much like when Solidcoin 1 shut down some people kept it going. One a coin is out in the wild, it's a real coin. One way of preventing this for a true '1 year testnet approach' might be to reset the blockchain reguarly. Hard to do on a chain that requires coin age though. The regular chain resets on bitcoin's testnet seem to stop it being used as a currency pretty effectively. |
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better safe than sorry  There's an API to find out the current checkpointed block so at some point I'll change to using that so the number of confirmations varies based on that. |
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checkpointing should protect you from reorgs beyond 5, so you should be fine even at six confirms. Without checkpoints, even ten wouldn't help much btw.
I'm aware that without checkpointing the number of confirmations don't matter if someone has a large ability to mine blocks. I've increased the current number of confirmations to allow for time for the checkpoint's to be broadcast. |
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In light of the recent ppcoin disclosure I've increased the required deposit confirmations for ppcoins from six to ten. |
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Good catch. So POS is just another POW that users can speed up as much as they have CPU power available (and coins meeting the criteria)?
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Weird, my i0client won't sync with the block chain, so I can't confirm receipt of the coins. The client says I need to upgrade or others need to upgrade. I wonder what's changed.
What client are you using? Try deleting the block chain (not your wallet.dat!) and redownoading it. |
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All i0coin balances have now been sent.
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i0coin balances are in the process of being sent out now. You should see your coins appear in the next few hours depending on network speed.
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i0coin balances on mmpool.bitparking.com are in the process of being sent out now. You should see your coins appear in the next few hours depending on network speed.
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Bitcoin 0.6.3 synced and idle takes about 200 MB. (8 GB x 2.5% ~ 200 MB) bitcoind takes about 1.3% and Bitcoin-QT about 2.5%
Leave it running for a while. It takes over 1GB on my servers. |
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So is it safe to say ppcoin differs from bitcoin more significantly than solidcoin?
Yes. I think it's the most different alt coin that's come out since namecoin. It doesn't appear to be getting much use outside of speculation though. |
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proof of stake doesn't that reward the people that started in the coin early on
The theory is people holding lots of coins would want the coin to be secure. By participating in proof of stake they secure the network in proportion to the number of coins they hold. They're not being rewarded for being early adopters. They're being rewarded for protecting the network. The actual reward is minimal though. Nothing like proof of work block rewards. |
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doublec, What's the word on i0coin balances being paid out?
They'll be sent out before the end of the month. |
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My understanding is TRC would need to be programmed to be able to be a secondary chain to Bitcoin to be merge mineable. BTC is the primary chain, so unless this is changed when the source code was made for TRC, then I think that means it can't be merged.
This is correct. TRC (and PPCoin) can't be merge mined as a secondary chain. This means you can't mine bitcoins along with them. You could (with patches) mine them as the primary chain and mine other alt chains at the same time - just not bitcoin. |
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I'm pretty sure tomaszsz is referring to the main page of Cointron which adds up Litecoins Mh/s rate as Gh/s in the total. For example (made up numbers because the site is down): Bitcoin 50Gh/s
PPCoin 30Gh/s
Litecoin 50Mh/s
Total 130Gh/s
The total shouldn't be 130Gh/s but 80Gh/s plus 50Mh/s. It's probably just a error in the html page that nobody has noticed since no one really looks at the total hash rate there. |
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Because i can not post on the Bitmessage forum,
for some reason
the bitmessage domain seems to be down. |
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The pool is currently down and I'm investigating why it's failing to restart. There was an issue yesterday when a miner with thousands of clients joined caused performance issues which may be related.
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The pool is down. I'm investigating why it's failing to restart and will update here when I have more information.
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There's been some server instability over the last few hours due to a large number of individual miners connecting. I've made some server adjustments and will be monitoring it.
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