It's probably discussed in detail elsewhere but in Weekly Update #151, SK discusses Peercoin transaction fees and indicates Peercoin's imminent plans: For the next release of peercoin, the output value can also be 0 to accommodate data transactions
Next release of Peercoin will include data transactions. All together now ... “You don’t need a weatherman To know which way the wind blows”Cheers, Graham Those that adapt to the changing times and environment will survive. |
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the more balance i have the more coins i can stake ?ryt?
It depends how the staking works. With % based staking then the reward is based on a % of the coins you have in your wallet similar to interest. With fixed block rewards you get the same reward whether you hit a block with 1 coin or 10000 coins. In the last case the more coins you have the more tickets you have bought to the lottery and he higher your chance of hitting that block with the fixed reward and the quicker the time will be between your wallet hitting blocks. Axiom falls in the second category. |
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how to stake,and how much i can make from staking if i have 10k coins ? please
Currently stakes are 60 coins per block. The 10k example was an arbitrary reference. Buy what you can afford but at the moment 10k should yield about 1-2 blocks an hour @ 60 coins per block if you have the 10k broken up in several inputs with a decent avg coin age at the current netstakeweight. Take note though that there is an emission curve and coins become less as time goes on after which it will become more again later (refer OP). Also, block rewards are of a fixed size in line with the emission curve, meaning that if you hit a block with 1 coin or with 1000 coins the reward is of fixed size and not % based, currently 60 coins. If you want to stake it works like any other coin - transfer coins to your wallet and then if your wallet is not encrypted do nothing and wait. If your wallet is encrypted with a password, go to the debug console and type in walletpasshrase <yourwalletpassword> 99999999 true. This unlocks your wallet for staking only. For staking i must unlock wallet and use button "Engage Miner"? For staking - unlock wallet yes and Engage miner no. Engage miner is there to mine blocks via POW. Unlock wallet is to mine coins with staking. You can do both simultaneously though and if you are lucky you can get POW blocks and staking blocks. |
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i downloaded wallet , and i saw a transaction/is this coming in my wallet  ? You shouldn't mine on your wallet until it finishes syncing. It barely started syncing the blockchain, and it thinks its mining blocks that instantly get orphaned as the actual chain is downloaded. Or this. Agree with Vorksholk you are getting orphans at the emission rate at the time where the chain is in the sync process because you engaged the miner. |
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i downloaded wallet , and i saw a transaction/is this coming in my wallet ?  This means that at some point 3 days in the past something was mining to the address in the wallet used in the pic. The wallet is importing the blockchain and displaying mined blocks at that point in time as it processes the blocks. As the wallet finds blocks in the chain that corresponds to your public address it credits the blocks to the wallet and displays a pup-up message (historically in this case). If you have not consciously mined this previously, either you were mining without knowing it, or mining but thinking you were unsuccessful or someone else mined to your address which is unlikely or it is someone elses wallet.dat. |
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how to stake,and how much i can make from staking if i have 10k coins ? please
Currently stakes are 60 coins per block. The 10k example was an arbitrary reference. Buy what you can afford but at the moment 10k should yield about 1-2 blocks an hour @ 60 coins per block if you have the 10k broken up in several inputs with a decent avg coin age at the current netstakeweight. Take note though that there is an emission curve and coins become less as time goes on after which it will become more again later (refer OP). Also, block rewards are of a fixed size in line with the emission curve, meaning that if you hit a block with 1 coin or with 1000 coins the reward is of fixed size and not % based, currently 60 coins. If you want to stake it works like any other coin - transfer coins to your wallet and then if your wallet is not encrypted do nothing and wait. If your wallet is encrypted with a password, go to the debug console and type in walletpasshrase <yourwalletpassword> 99999999 true. This unlocks your wallet for staking only. |
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Does mining in the wallet work ?
Mine have been mining for quite a while but nothing yet.
Or is the diff just too high now ?
Mining has reached the point where the average desktop CPU miner is pulling a knife in the gun fight. The best way to get coins now is to buy on the exchange and stake. i have 2 processor of 3.0GHS which hash rate would be on net ? It differs between CPUs. Your odds of hitting a block is about the same as Philae hitting 67P but without mission control. It is not impossible but very difficult. Leave your miners on (without buying a ticket you cannot win the lottery) but the easiest is to go buy yourself 10k and letting it stake. That evens out the odds and you know you will get a stake when your number comes up. |
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Does mining in the wallet work ?
Mine have been mining for quite a while but nothing yet.
Or is the diff just too high now ?
Mining has reached the point where the average desktop CPU miner is pulling a knife in the gun fight. The best way to get coins now is to buy on the exchange and stake. |
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Wow how did this coin get on bittrex already??? ALSO WHO BOUGHT AT 1 BTC lol wow?
Anyone know how much was sold at that price? I wanna hope it was just someone buying from themselves but IDK and if it was actually at that price for any time I wish I could have sold some of the 30 Axiom I mined with my cpu last night at that price!!!
IIRC when I saw it happen it was 0.0002xxxx Axiom for 0.0002xxxx BTC. It was NOT 1 Axiom for 1 BTC. I have seen it many times where an exchange launches a new coin that there is a first order of size dust at a ridiculous high price probably to get people to move their coins quickly to be first and take that order. It might be a trader or it might be the exchange itself that places the buy order. One should always exclude the first few minutes of trading from statistics as it is an outlier and not part of the normal realistic trading data and trends. Next time when a coin launches, have a look at the first buy order while waiting for coins to transfer - in the cases where there is such an order it will be most of the time much higher than what the coin will be trading after that and it will be for a very small and mostly dust size. |
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Axiom doing very well. Congrats!
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yes and the node both same result slow as hell syncing
EDIT. i would expect the bootstrap.dat to speed things up considerably but it's not ?
You will get there eventually. |
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the chain syncing but damn is it slow.
next phase is to remove dpos and set a fixed interest rate. once the nodes are up and people are syncing then look into the source for this apparent masternodes which we don't even know if they work or not yet so bit of testing unless anyone can fill me in
EDIT. block explorer will be after nodes are up for obvious reasons and ann will be updated rather focus on sorting tho not posting
so your takeover will end on vapor or are you planning to pick other projects too eidt: what other takeovers you had done so far? Hey no this is the 1st not the last think of us as the people who will be resurrecting the coins that we see a use in and community wan't done we will hold votes regularly to decide upon which coin will be next and so on Only on block 27k at the moment still 5weeks behind need to look into speeding things up also Have you tried the bootstrap.dat? |
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How are these top 3 miners making so much hash for a cpu only coin? Why are these always billed as cpu only when there are gpu miners being devised and tested.  It's quite possible for someone to hit those speeds using EC2. Sounds like a guy who may perhaps be using EC2 to achieve such rates. Remember that a pool account can have up to 20 workers. The guy might have a miner.1, miner.1, miner.3 .. miner.20. Each of these can be a powerful server with 24 CPUs for example. The pool will add all of this up and display his hash as the combined total. His name is also solarsever meaning he probably powers those machines with solar energy and he therefore does not pay for electricity. The possible explanation to everything is not always the worst case scenario, although it could be that also. |
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Any reason why the top 100 on the blockexplorer isn't working?
How do you mean it is not working? |
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Any reason why the top 100 on the blockexplorer isn't working?
If I were in the top 100 I would also not be working. |
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I'm at block 230 now. How is this possible?
Are you syncing slowly? 11 connections and about 1 or 2 blocks a second. I'm at 380 now! Are you synced yet? If not you can use this bootstrap.dat file up to block 6123 Link to bootstrap.dat (zipped) Link to checksums.txt |
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I'm at block 230 now. How is this possible?
Are you syncing slowly? |
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I don't get how this is pushed in the repo without the relevant folder, but anyway, thanks for the reply. I think it worked, it's compiling.
Glad it is working for you now.  |
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