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

[Barrel]

Is there such thing as "difficulty" in terms of proof-of-stake?

[Sunny King]

Brilliant that sorted it thank you Sunny King

am working on a PPCoin Auction site at the moment.... http://ltcmusic.com/ppcauction/index.php still work in progress.. but let me know what u think

Wow great stuff and look tasty too Looking forward to the grand opening 

[Sunny King]

Is there such thing as "difficulty" in terms of proof-of-stake?

Yes there is. You can see it with 'getdifficulty'.

[luffy]

can someone explain with simple words what "stake" is? and the differences from "balance" ?
thanks

[Sunny King]

can someone explain with simple words what "stake" is? and the differences from "balance" ?
thanks

See our FAQ: https://github.com/ppcoin/ppcoin/wiki/FAQ

[Sunny King]

Weekly Update #5

• This week we have seen proof-of-stake blocks start showing up on block chain. Difficulty of proof-of-stake has dropped from the initial 256 to about 80 now. It is expected proof-of-stake difficulty continue to drop over next week and proof-of-stake blocks become more frequent.
• v0.2.1 has been released. This is a bug fix release and upgrade is not required. checkwallet issues have been fixed in this release.
• A block explorer is made available this week courtesy of dreamwatcher.
• Proof-of-work difficulty continued to drop this week and now seems to have stabilized around 10000.

Have fun and next week!

[Liquid]

Just a quick one how do i un-encrypt my wallet thanks

[dreamwatcher]

Just a quick one how do i un-encrypt my wallet thanks

I do not believe you can completely decrypt a wallet once encrypted. You could just change the passphrase to one letter or just send the PPC to a new unencrypted wallet.

I keep a flash drive in a desk drawer with only unencrypted backups of my wallet.dat files for various coin. The idea being that the flash drive never goes online, so short of a physical break in, unencrypted back up wallets cannot be stolen.

This is just a basic protection for everyday use, some people go as far as to print out the private keys and store those instead.The important part of your wallet is the private keys, with those the client can reconstruct your wallet. Those keys are what gives you the ability to send transactions using the public key (Your coin address) and in fact your public address is derived from the private keys in such a way that it would be dam near impossible to reverse the procedure to derive the private keys.

[CleverMiner]

Weekly Update #5

• This week we have seen proof-of-stake blocks start showing up on block chain. Difficulty of proof-of-stake has dropped from the initial 256 to about 80 now. It is expected proof-of-stake difficulty continue to drop over next week and proof-of-stake blocks become more frequent.
• v0.2.1 has been released. This is a bug fix release and upgrade is not required. checkwallet issues have been fixed in this release.
• A block explorer is made available this week courtesy of dreamwatcher.
• Proof-of-work difficulty continued to drop this week and now seems to have stabilized around 10000.

Have fun and next week!

Good,

Could you make a locked thread we can subscribe to to get these updates ?

[Barrel]

Is there such thing as "difficulty" in terms of proof-of-stake?

Yes there is. You can see it with 'getdifficulty'.

So what does difficulty 1 represent, a certain amount of coin-age you need?

[CJM1682]

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

[doublec]

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.

[teknohog]

Are you sure you don't have immature blocks? They won't show up in your balance and take 520 blocks to mature.

However, they should show up in the raw list of transactions, available via "ppcoind listtransactions". Also note that the current block reward is much higher than 50

(I just realized my script shows them as regular transactions; I did not care to check the "immature" bit, since I've done most of my *coin mining via pools. I admit it's fun to solo mine for blocks again )

[Sunny King]

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

Which miner are you using? It has been reported and verified that cpuminer 2.x does not work with solo mining of ppcoin.

[Sunny King]

Good,

Could you make a locked thread we can subscribe to to get these updates ?

Weekly updates are linked on wiki page: https://github.com/ppcoin/ppcoin/wiki/Weekly-updates

[Sunny King]

So what does difficulty 1 represent, a certain amount of coin-age you need?

proof-of-work difficulty 1 represents 4 billion (2**32) hashes.
proof-of-stake difficulty 1 represents 4 billion (2**32) coin-day-second, that is, if you have 1 million coin-day you can roughly expect a difficulty 1 block in 4000 seconds. Also note the coin-age calculation here requires the age to be over 30 days and capped at 90 days.

[The Koolio]

ok thank you for that rubberduckie, for some reason your simple 5 lined response worked. I now have a client and ive started mining with pheonix.

couple of issues:

1. should I use the same settings as bitcoin mining within my phoenix bat file? I cant seem to get device=1 to work, simply crashes when I put both in the instruction line.  at the moment I use this:

phoenix -u

http://PQBv6xTcYb5ZTs2pRRxZSmjBYCxYmFSRJs:password@ppcpool.us.to:9942 -k phatk VECTORS fastloop BFI_INT -q 3 AGGRESSION=21 WORKSIZE=128 device=0

2. when mining it does not display my speed (kh) is there a reason for this... apparently I am doing 0 kh but submitting shares

3. when mining with ppcpool i am getting alot of no work idle errors, will adding a higher -q value help?

4. when do the ppc actually go to my wallet?

I should have mentioned this is a dual card rig non crossfired. cant seem to get two instances to work either. anyway below is what i am currently getting... as u can see theres plenty of idle time and note 0 speed


B:\Bitcoin\phoenix>phoenix -u http://PQBv6xTcYb5ZTs2pRRxZSmjBYCxYmFSRJs:thekooli
o1234@ppcpool.us.to:9942 -k phatk VECTORS fastloop BFI_INT -q 8 AGGRESSION=21 WO
RKSIZE=128 device=1
[11/09/2012 02:06:54] Phoenix 1.48 starting...
[11/09/2012 02:06:54] Connected to server
[11/09/2012 02:07:06] Warning: work queue empty, miner is idle
[11/09/2012 02:07:19] Warning: work queue empty, miner is idle
[11/09/2012 02:07:19] Result: cac5aba3 accepted
[11/09/2012 02:07:32] Warning: work queue empty, miner is idle
[11/09/2012 02:07:32] Result: a3500387 accepted
[11/09/2012 02:07:45] Warning: work queue empty, miner is idle
[11/09/2012 02:07:45] Result: 88bce89f accepted
[11/09/2012 02:07:58] Warning: work queue empty, miner is idle
[11/09/2012 02:07:58] Result: 15c27945 accepted
[11/09/2012 02:07:58] Result: 38619510 accepted
[11/09/2012 02:08:11] Warning: work queue empty, miner is idle
[11/09/2012 02:08:11] Result: cec7e693 accepted
[11/09/2012 02:08:11] Result: c87ec390 accepted
[11/09/2012 02:08:24] Warning: work queue empty, miner is idle
[11/09/2012 02:08:36] Warning: work queue empty, miner is idle
[11/09/2012 02:08:49] Warning: work queue empty, miner is idle
[11/09/2012 02:08:49] Result: e2fe2057 accepted
[11/09/2012 02:09:02] Warning: work queue empty, miner is idle
[11/09/2012 02:09:15] Warning: work queue empty, miner is idle
[11/09/2012 02:09:28] Warning: work queue empty, miner is idle
[11/09/2012 02:09:28] Result: 410cdb79 accepted
[11/09/2012 02:09:41] Warning: work queue empty, miner is idle
[11/09/2012 02:09:41] Result: 65202a65 accepted
[11/09/2012 02:09:41] Result: 5e9eb307 accepted
[11/09/2012 02:09:41] Result: b62f18a7 accepted
[11/09/2012 02:09:54] Warning: work queue empty, miner is idle
[0 Khash/sec] [12 Accepted] [0 Rejected] [RPC (+LP)]

Sorry for the late reply, I've been at work.

I'm only familiar with cgminer but if you still need help, I'll be happy too

rubberduckie whats your ppc address as I would like to send you some coins to say thanks for getting me up n mining. I believe I got 550 coins for my first days earnings so I shall send you these

[Rubberduckie]

ok thank you for that rubberduckie, for some reason your simple 5 lined response worked. I now have a client and ive started mining with pheonix.

couple of issues:

1. should I use the same settings as bitcoin mining within my phoenix bat file? I cant seem to get device=1 to work, simply crashes when I put both in the instruction line.  at the moment I use this:

phoenix -u

http://PQBv6xTcYb5ZTs2pRRxZSmjBYCxYmFSRJs:password@ppcpool.us.to:9942 -k phatk VECTORS fastloop BFI_INT -q 3 AGGRESSION=21 WORKSIZE=128 device=0

2. when mining it does not display my speed (kh) is there a reason for this... apparently I am doing 0 kh but submitting shares

3. when mining with ppcpool i am getting alot of no work idle errors, will adding a higher -q value help?

4. when do the ppc actually go to my wallet?

I should have mentioned this is a dual card rig non crossfired. cant seem to get two instances to work either. anyway below is what i am currently getting... as u can see theres plenty of idle time and note 0 speed


B:\Bitcoin\phoenix>phoenix -u http://PQBv6xTcYb5ZTs2pRRxZSmjBYCxYmFSRJs:thekooli
o1234@ppcpool.us.to:9942 -k phatk VECTORS fastloop BFI_INT -q 8 AGGRESSION=21 WO
RKSIZE=128 device=1
[11/09/2012 02:06:54] Phoenix 1.48 starting...
[11/09/2012 02:06:54] Connected to server
[11/09/2012 02:07:06] Warning: work queue empty, miner is idle
[11/09/2012 02:07:19] Warning: work queue empty, miner is idle
[11/09/2012 02:07:19] Result: cac5aba3 accepted
[11/09/2012 02:07:32] Warning: work queue empty, miner is idle
[11/09/2012 02:07:32] Result: a3500387 accepted
[11/09/2012 02:07:45] Warning: work queue empty, miner is idle
[11/09/2012 02:07:45] Result: 88bce89f accepted
[11/09/2012 02:07:58] Warning: work queue empty, miner is idle
[11/09/2012 02:07:58] Result: 15c27945 accepted
[11/09/2012 02:07:58] Result: 38619510 accepted
[11/09/2012 02:08:11] Warning: work queue empty, miner is idle
[11/09/2012 02:08:11] Result: cec7e693 accepted
[11/09/2012 02:08:11] Result: c87ec390 accepted
[11/09/2012 02:08:24] Warning: work queue empty, miner is idle
[11/09/2012 02:08:36] Warning: work queue empty, miner is idle
[11/09/2012 02:08:49] Warning: work queue empty, miner is idle
[11/09/2012 02:08:49] Result: e2fe2057 accepted
[11/09/2012 02:09:02] Warning: work queue empty, miner is idle
[11/09/2012 02:09:15] Warning: work queue empty, miner is idle
[11/09/2012 02:09:28] Warning: work queue empty, miner is idle
[11/09/2012 02:09:28] Result: 410cdb79 accepted
[11/09/2012 02:09:41] Warning: work queue empty, miner is idle
[11/09/2012 02:09:41] Result: 65202a65 accepted
[11/09/2012 02:09:41] Result: 5e9eb307 accepted
[11/09/2012 02:09:41] Result: b62f18a7 accepted
[11/09/2012 02:09:54] Warning: work queue empty, miner is idle
[0 Khash/sec] [12 Accepted] [0 Rejected] [RPC (+LP)]

Sorry for the late reply, I've been at work.

I'm only familiar with cgminer but if you still need help, I'll be happy too

rubberduckie whats your ppc address as I would like to send you some coins to say thanks for getting me up n mining. I believe I got 550 coins for my first days earnings so I shall send you these

glad you got it working

PTAR8kcuDpQxbC735E6qni6dffpu1S6gER

[CJM1682]

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.

yes i am sure i have not received anything i even get blank results with the ppcoind listtransactions i am using cgminer not sure what the problem is sigh i know the set-up works as i am able to pool mine with results and i get a connection to the ppcoind server so i guess i am unlucky

[luffy]

i got a stake block today. i don't know what it is but i am huppy :p
i am mining solo. "stake" blocks are only available during solo?