[ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency

[iruleeveryone28]

This was a very long thread and this question may have been asked, but I just don't have time to read it!

What is the difficulty mining PPC, I assume it is nowhere near the level of bitcoin.  I.E. a 7970 running LTC @ 680khash/s, what sort of return would be expected mining PPC?  Would a more robust rig be more worthwhile?

[1714486514]

1714486514

[1714486514]

1714486514

[1714486514]

1714486514

[punin]

Will there be stratum support also?

[doublec]

Will there be stratum support also?

Support for getblocktemplate and sendblock are the only blockers for my pool to have stratum on PPC. Currently at almost 500 Ghash/s on getwork is causing some strain with the setup I have unfortunately. That and the memory leak. I've set ppcoind to be restarted every two hours to stop crashes due to that.

[Sunny King]

Support for getblocktemplate and sendblock are the only blockers for my pool to have stratum on PPC. Currently at almost 500 Ghash/s on getwork is causing some strain with the setup I have unfortunately. That and the memory leak. I've set ppcoind to be restarted every two hours to stop crashes due to that.

Happy to know you have a workaround in place for now.

[irritant]

is there some error with http://www.proofofstake.com/ ?

at the Minted Daily chart, it looks like there are 0 coins minted since March the 20th, that can't be right , no?

[Sunny King]

is there some error with http://www.proofofstake.com/ ?

at the Minted Daily chart, it looks like there are 0 coins minted since March the 20th, that can't be right , no?

Looks like Andy's site hasn't been updated.

[pyra-proxy]

Trying to dig through the numerous posts and ppc site, to try and confirm how windows proof of stake mining is done?  Do windows users just need the ppc qt app and some coins?  Or is there more involved?

Thanks!  Given the stability and unique offering I decided to take the plunge and try it out a bit for a while.  At least while my bitcoins are cooking in this storm of growth :-) lol

[aspirez]

Hi, is ppcoin protected from 51% attack?

[Vitalicus]

Sunny !!!!

This week novacoin hit a protocol issue which required update. I have helped Balthazar to switch the protocol....

Is NVC a concurent of PPC ?
I protested to minning NVC on SOLO mining, when it was easy to mine, because it has relased only in russian forum, and was premined.
Now YOU help NVC ?

[Praxis]

Hi, is ppcoin protected from 51% attack?

This is my humble opinion but as far as I understand it, the Proof-of-Stake model offers better protection from 51% attack as the attacker would have to own 51% of all coins which would be virtually impossible to accomplish (even if, say, the Chinese Gov't wants to buy all ppc the price of the ppc would increase exponentially, making it impossible even for them to own the majority). - It's easier to control majority of processing power than majority of coins. - This is just my partial understanding of the PPC whitepaper, I'm still struggling with it.

[tacotime]

This is my humble opinion but as far as I understand it, the Proof-of-Stake model offers better protection from 51% attack as the attacker would have to own 51% of all coins which would be virtually impossible to accomplish (even if, say, the Chinese Gov't wants to buy all ppc the price of the ppc would increase exponentially, making it impossible even for them to own the majority). - It's easier to control majority of processing power than majority of coins. - This is just my partial understanding of the PPC whitepaper, I'm still struggling with it.

This would be a special case situation in which no one is using PPC for currency and in which we disregard any effect of PoW I would think, as PPC only generate stake blocks after sitting and doing nothing for 30 days.  In the case where 50% of the coins in the network are being actively transferred between persons, you only need 25% or more of the network to perform such an attack using stake blocks if we were to disregard PoW entirely.  The more coins that are being actively traded, the less stake required to perform an attack.

But PoW is never disregarded by the chain, rather Sunny King just assumes that PoW blocks will be mined with exponentially increasing hash rate with the same overall power output.  PoS actually makes it quite a lot easier to attack the network in the event that the PoW hash rate isn't very high and a lot of PPC is being actively traded, so long as the attack is well premeditated (as you need to wait to accumulate coinage).

[Sunny King]

Sunny !!!!

This week novacoin hit a protocol issue which required update. I have helped Balthazar to switch the protocol....

Is NVC a concurent of PPC ?
I protested to minning NVC on SOLO mining, when it was easy to mine, because it has relased only in russian forum, and was premined.
Now YOU help NVC ?

I try to help all altcoins irregardless whether I like them or not myself, yeah even for novacoin which is a fork of ppcoin, I know many other people would outright hate copycat projects of their creation but I have a different mindset. I think many of us don't yet realize that even though we are competing against each other in the market, we are really all part of a big team leading the world into a new era.

[chriswen]

what about nvc premine?

[Sunny King]

what about nvc premine?

I don't really discriminate against premined/taxed cryptocurrencies as to whether I would help them or not, if they can survive the market backlash that is. To give Balthazar some credit, the destruction of 110K premined coins is an action not every altcoin operator would take.

As I said, I would even help an altcoin that I strongly dislike.

[jjiimm_64]

hello,
  downloaded client, installed OK>

started it about 10 minutes ago... only 1 client connected,and it has downloaded 0 blocks so far...  files in the conf  folder look ok.


anyone know of some nodes i can add?

update: did an addnode in the conf file, and now I have 4 connection and chain started download..

[DarkHyudrA]

I'm just unlucky, or the faucet at the official website is dead from long ago?

[Sunny King]

hello,
  downloaded client, installed OK>

started it about 10 minutes ago... only 1 client connected,and it has downloaded 0 blocks so far...  files in the conf  folder look ok.


anyone know of some nodes i can add?

update: did an addnode in the conf file, and now I have 4 connection and chain started download..

Oops I think our seed node reached capacity. I just restarted it you should be able to connect now.

I will try to order another server for seed node tomorrow.

P.S. Anyone volunteers to have a server node listed in dns?

[Sunny King]

I'm just unlucky, or the faucet at the official website is dead from long ago?

Faucet should be running, but it only distributes to about 10 users a day so it's gonna be hard to get given the explosion of interest the last few days.

[drawingthesun]

Hey, does anyone know how I can unlock my PPCoin wallet so that I can generate POS without jeopardising my wallet (So that a my balance can't just be emptied)

Also, Sunny, any chance you can make a locked wallet generate POS without unlocking a wallet (Kinda of like how you can solo mine coins with Bitcoin without having to unlock the wallet file)

Thanks

[Sunny King]

Hey, does anyone know how I can unlock my PPCoin wallet so that I can generate POS without jeopardising my wallet (So that a my balance can't just be emptied)

Also, Sunny, any chance you can make a locked wallet generate POS without unlocking a wallet (Kinda of like how you can solo mine coins with Bitcoin without having to unlock the wallet file)

Thanks

Add a 'true' at the end of walletpassphrase command:

ppcoind walletpassphrase <your_passphrase> <unlock_time_duration_in_seconds> true

In this 'mint-only' unlock mode, one cannot send transactions but can mint blocks (including both proof-of-work and proof-of-stake).

It's more secure than the general unlock mode but less secure than a locked wallet.