Vircurex volume for BTC/NMC is showing a volume of 10. Or am I reading it wrong? Is their volume in BTC? |
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I'm curious how volume is calculated. is that open orders or completed orders for the day?
It's completed orders for the last 24 hours. |
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Mining it makes no sense since it cannot be merged-mined since any hashing power diverted to it would be diverted from mining seven other chains, it is silly to spend hashes on this that could instead be spent on seven chains all at the same time via merged mining.
There would be nothing stopping people from using ppcoin as the parent chain and merge mining other auxiliary chains afaik. You'd need to patch ppcoin if you want to use the namecoin merge mine proxy but it would remain compatible with normal ppcoin blocks. What you can't do is merge mine ppcoin and bitcoin together. |
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*If* you do something around mining for stake, would it make sense to leave funds in the pool or your exchange or will it matter? I'm asking because I think moving funds would reset the 30 day hold time required correct?
Yes moving funds resets the time. I'd be more inclined to add proof of stake incoming earning to the exchange first. An interesting approach would be a "proof of stake pool" which would really be an online wallet but optimized for ensuring fund movement minimizes effect on coin age. |
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You might want to truncate the found blocks list in the pool data page, it is turning into an awfully long webpage..  Good idea, I've limited it to the last 50 blocks. |
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Doublec - does the restart have anything to do with the Insufficient Funds to withdraw message I'm getting?
The pool ran out of funds overnight, I'll top it up. The 520 confirmations is a killer Edit: Topped up. |
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Is there some sort of roi calculator or a simple formula i could use to calculate how long it should take to find a block. I been running this solo for 2 days and did not find a thing. appreciate any math wizards out there giving me some hope  thanks. p.s. using about 1.3 g/h Any bitcoin calculator should work. For example, putting your hashrate and the ppcoin difficulty into this one gives about 10 hours on average, or 1 day 6 hours to 95%. Are you sure you don't have immature blocks? They won't show up in your balance and take 520 blocks to mature. |
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There will be a few minutes outage shortly as I update the ppcoind and restart to workaround the memory leak.
Edit: Restart complete.
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Will ppcexchange.bitparking.com use our account balances to mine proof of stake, or do we need to transfer to a wallet to do this?
The exchange keeps most of its funds in an offline wallet so want currently participate towards mining proof of stake using them. I suspect the hot wallet sees too much churn (withdrawals/deposits) for proof of stake to happen. I'll be keeping on eye out on how proof of stake works in practice and I'd like to look at a way of having user balances credited with their contribution to any that happens. |
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I just don't understand it because it says to use any difficulty less than the current difficulty (which is in the thousands) and the example used in the first post was "8" as the difficulty. So I am looking for an accurate, detailed description of setting the difficulty for the ppcoin pool at BitParking, preferably for a minerd .bat
When you mine on the pool you mine at difficulty 1 like most bitcoin pools. If you have a very high hashrate you might like to mine at a slightly higher difficulty to reduce network traffic. You can do this by following the instructions in the first post. Set your password to "d=x" where "x" is a number. "x" can't be higher than the current ppcoin difficulty as this would make no sense - you'd be losing money. You don't have to do any of this though if all you want to do is mine at difficulty 1. |
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It seems like PPCoin doesn't have the standard difficulty level as bitcoins. The difficulty becomes higher if the total hashrate of the net go higher. (At least it's what I understood about PPcoins).
PPCoin has the same difficulty for the proof of work blocks as bitcoin. As hash rate goes up, difficulty goes up. |
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I registered an account in your pool and am going on mining. I have all threads 0 in output of minerd is it ok?
I don't see any change in my statistic page, how many time/Khash do I need to see them changed somehow?
You'll see a change when you submit a block successfully. Check your username is correct and then you use the correct uppercase/lowercase letters. |
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Also, I know Litecoin's difficulty is expressed as 2 to the -Nth power, how would PPCoin's difficulty be expressed, or more simply, which has the easier difficulty rating LTC or PPC?
I'm not sure it has much meaning to compare difficulty value of coins that use different algorithms. |
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Thanks for the answer. So I can use ANY bitcoin miner? PPCoin uses the same mining algorithm as Bitcoin...?
Yes. |
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1. Can PPC be mined
2. If so, what is PPC's current difficulty rating
3. What miners are PPC-capable?
Yes it can be mined. Difficulty is about 13,000. Any bitcoin miner can be used. |
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Is the PPCoin party truly over? I got rented out to provide a lot of hashrate at times during the boom, is it now substantially less profitable than just mining BTC?
According to coinotron it is less profitable to mine ppcoin if your goal is to earn bitcoins by selling them. |
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Isn't it being checkpointed every block by a centralized server?
Yes. There's a variety of methods that can be used to attack that though. Connect to lots of nodes, analyse where the checkpointing is coming from, DoS that node, then 51% attack the network for example. |
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Why don't you put it in writing now? One of the reasons Bitcoin has been successful has been the fact that the rules were fixed at day one and have not changed since then. Imagine if Satoshi had said, "50 BTC per block, and then someday I'll change it to 0 BTC when I think we have enough Bitcoins out there." How well do you think that would work?
I think it's mentioned in their PPCoin paper. |
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I have sent BTC to my address How long does it take to clear the pending funds, i was hoping it was instant  It is instant, unless the amount is unusually large, or empties the exchanges hot wallet. I don't see any pending withdrawals so I assume you got the funds. If not, PM me your username, the amount, and the address you were withdrawing too and I'll take a look. |
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Pool is back up. It took a little longer than expected as I ran it under valgrind to get some memory leak information for a few minutes.
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