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Author Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency  (Read 650276 times)
Sentinelrv
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September 27, 2017, 03:57:35 PM
 #2061

Willy added a dynamic comparison chart showing the difference in energy consumption between Bitcoin and Peercoin proof-of-work mining...

https://peercoin.site/#energy
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September 27, 2017, 08:46:13 PM
 #2062

Willy added a dynamic comparison chart showing the difference in energy consumption between Bitcoin and Peercoin proof-of-work mining...

https://peercoin.site/#energy

As much as I am a Peercoin fan, I consider this table a bit unfair, because Peercoin for now does not have the same utility/transaction volume/market cap like Bitcoin, and so it cannot be compared directly in my opinion.

But two simple indicators would solve that:

- hashrate / power consumption per million transactions/year.
- hashrate / power consumption per million USD of market cap. Here I can do the math myself:
--- Bitcoin:  7679050104 Ghps /  69079 MUSD: 111163.3 Ghps/MUSD
--- Peercoin:  1987556 Ghps / 34 MUSD: 58457.52 Ghps/MUSD

(that is roughly about half, I know that is less "advantage" that some want to see/show, but as far as I know the curve of hashrate growth that is to be expected is less steep because of the dynamic PoW reward that falls when hashrate/difficulty grow. )


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Verdell
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September 27, 2017, 11:09:57 PM
 #2063

Regardless of  which table you go by with bitcoin at 4200 and peercoin trading at 1.40 so you can get 3000 peercoins for  1 bitcoin that ratio is way out of wack in my opionion I think 300 to 500 peercoins to the bitcoin is more representive of what the ratio should be and as time goes on we will see if the market eventually agrees
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September 28, 2017, 02:45:32 AM
 #2064

Regardless of  which table you go by with bitcoin at 4200 and peercoin trading at 1.40 so you can get 3000 peercoins for  1 bitcoin that ratio is way out of wack in my opionion I think 300 to 500 peercoins to the bitcoin is more representive of what the ratio should be and as time goes on we will see if the market eventually agrees

That can be perfectly true - I expect that Peercoin can be again in the top 50 or even in the top 25 coins when 0.6 and PeerAssets come out. But with an increasing price, most likely also the hashrate will go up. Because of the Peercoin "difficulty-dependant" reward mechanism I already mentioned, however, the hashrate/energy consumption increase should be at least a bit less than the price increase.

In this hashrate chart we can also see that Peercoin's hashrate is continuously increasing since 2015 (mid-term and long-term) although we have never reached the 2013 record prices. This could be already an effect of technical progress - an effect Sunny King mentioned explicitly when he justified the "reward-follows-hashrate" design.

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ue8760806mend@163.com
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September 28, 2017, 03:31:15 AM
 #2065

Other than the rate which seems to be better at the moment.
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September 28, 2017, 04:58:51 AM
 #2066

A ratio of 500 peercoin to one  bitcoin would just as you say make peercoin a top 25 coin and I believe peercoin has a potential to be A top ten coin for that too happen we'd need to see a ratio of 75 peercoins too the bitcoin I,don't think that's out of the realm of possibility
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September 28, 2017, 05:50:13 AM
 #2067

We will keep this community informed over the next weeks.
Verdell
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October 07, 2017, 05:14:11 AM
 #2068

SentinelrvBrand Manager9h
antaresus:
Release candidate is already available v0.6.0ppc.rc1
This is for testnet. As hrobeers said in chat, we can't stop you from running it on mainnet though. You are free to do so, but it's at your own risk.
Sentinelrv
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October 07, 2017, 03:42:06 PM
 #2069

Peercoin v0.6 is now ready for public testing! Join in here...

https://talk.peercoin.net/t/v0-6-public-testing/6103

Retweet so we can get some more eyes on it...

https://twitter.com/PeercoinPPC/status/916688769524424704
Verdell
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October 11, 2017, 02:31:47 AM
 #2070

hrobeersPeercoin Protocol Developer8h
Tonight, the switch time for the soft-fork activation will get passed.
const unsigned int nProtocolV06TestSwitchTime = 1507700000; // Wed 11 Oct 05:33:20 UTC 2017

You can follow the current majority percentage using: https://gist.github.com/hrobeers/3de9d6e8d378107fd226185c81539b765

I made sure it is close to 0% now, so we can really see the gradual activation happening.

Happy forking!
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October 12, 2017, 09:55:33 PM
 #2071

Peercoin is trading at all time low vs bitcoin .00024 which is 4100  peercoin to the bitcoin seems awfully undervalued too me and 0.6 is coming soon
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October 13, 2017, 06:30:46 PM
 #2072

hrobeersPeercoin Protocol Developer11h
The soft-fork activated successfully on testnet a few hours ago!
We're at 91% PoS support.
paramind22
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October 14, 2017, 02:05:48 AM
 #2073

Is the ecoining pool still up?  Chrome won't let me log onto it because of something that expired.

reffi
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October 14, 2017, 09:48:12 PM
 #2074

Peercoin is trading at all time low vs bitcoin .00024 which is 4100  peercoin to the bitcoin seems awfully undervalued too me and 0.6 is coming soon

Litecoin is pumping, I think PPC is next! Its always like that, I think $8-10 by next month!
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October 14, 2017, 10:39:40 PM
 #2075

What is a good pool to mine this?   I don't like mining coins on pools that I'm not allowed to log in, but I remember ecoining was a major Peercoin pool.

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October 14, 2017, 11:58:18 PM
 #2076

Reffi peercoin is as good if not better then many coins in the top 20 I think it's only matter of time till the market gets it
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October 17, 2017, 03:21:05 AM
 #2077

Reffi peercoin is as good if not better then many coins in the top 20 I think it's only matter of time till the market gets it

Well time to stake em!
 no point trading at these prices, will be to easy to get trapped out!
Feel the fear, and do it anyway Wink

Don't take life too serious, No one gets out alive Wink
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October 17, 2017, 09:43:30 PM
 #2078

Peercoin on Jan 4 2014 was trading at .00800000 with a market cap of,138 million I see no reason why that makert cap number cant be surpassed and it's not out of the realm of possibility that the .00800000 could be surpassed as well peercoin currently trading at .0002200000 with a 30 million market cap
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October 18, 2017, 12:11:43 AM
 #2079

Peercoin on Jan 4 2014 was trading at .00800000 with a market cap of,138 million I see no reason why that makert cap number cant be surpassed and it's not out of the realm of possibility that the .00800000 could be surpassed as well peercoin currently trading at .0002200000 with a 30 million market cap

For me, the crucial question for Peercoin in the next months/years is if it can achieve a security level that is high enough to possibilitate most users to "opt-out" from the centrally synced checkpoints.

If that level is achieved - it may be needed to change the PoS algorithm and incorporate newer developments, e.g. Economic Clustering, Slashing, and features of Casper and Ouroboros - then a return to the top 10 coins is within reach. PeerAssets alone would be a step into the right direction, but until the checkpoint issue isn't solved I see no chance for a top valuation (top 20 or higher).

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October 20, 2017, 06:11:58 PM
 #2080

0.6 is about too be live and there are 4800 peercoin to the bitcoin some day I believe we look back and say wow if ever a coin was saying buy me I'm outrageously undervalued it's peercoin
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