Price of PPCoin[PPC]

[doublec]

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.

[1714863733]

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[c4n10]

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.

Well, "which would I be able to mine faster?", I suppose is my question...

[Jutarul]

Looks like the dust settles a bit and the price of PPcoin consolidates. I think the project now goes into a critical phase: mining profitability is not really established and proof-of-stake mining doesn't really protect the network against a 51% attack yet, because most blocks are still proof-of-work. (ppcexplore.org). We only had 2 proof-of-stake blocks in the last 200 blocks or so. Will probably take another month until that ratio increases... What's needed is a well distributed network of proof-of-stake miners. So if you're planing on holding on to your PPC, make sure you have your own instance of ppcoin running.

[Liquid]

make sure you have your own instance of ppcoin running.

sorry for my ignorance but what do you mean by this

[bitcool]

So if you're planing on holding on to your PPC, make sure you have your own instance of ppcoin running.

this sounds scary.... does it mean if you don't run ppcoin instance, you may lose your ppcoin?

[Sunny King]

this sounds scary.... does it mean if you don't run ppcoin instance, you may lose your ppcoin?

No you don't lose anything. But then you didn't participate in the protection of network either.

[Jutarul]

make sure you have your own instance of ppcoin running.

sorry for my ignorance but what do you mean by this

PPcoin uses proof-of-stake to secure the network. The more people participate in the proof-of-stake (by running a ppcoin node with stake in their wallet), the better the network is protected against powerful individuals (large stake holders).

[FuzzyBear]

LOL ...zero currently because you cant buy anything with it...well you can exchange for btc....wow.......lol

It's all an experiment. Risk is involved.

I think i'll just leave this here http://ltcmusic.com/ppcauction/index.php?action=view&cat=6&item=123245455095

and yes it is genuine and I am just testing the site before putting it fully live to trade on its own domain as specified here...

http://ppcointalk.org/index.php?q=node/18

but feel free to register and take part in testing and the current auctions I have placed I have the items for sale so am willing to trade if people really want

All donations greatly appreciated:

BTC: 1FvMYwtkrQakoL8Zq1GjfKqTkm2a7TKt6N
LTC: LbMPUzwPRkWa5hCJGrEiRCeoYExY6Ujt1D
LQC: vbJVpeF82Ezd3Dx8ubWeiFeEguFwPctzJL
I0C: jU8MuSJcw7XmauyddGFSoo5HzEAPgjxfsz
IXC: xhUfkeNiVGaWFkEcuv8tTUGHX6PLt9dZ94
PPC: PDtcFPhMa9Hc9zTfoRG7zcURCRpcpRdMym

[AndyRossy]

LOL ...zero currently because you cant buy anything with it...well you can exchange for btc....wow.......lol

It's all an experiment. Risk is involved.

I think i'll just leave this here http://ltcmusic.com/ppcauction/index.php?action=view&cat=6&item=123245455095

and yes it is genuine and I am just testing the site before putting it fully live to trade on its own domain as specified here...

http://ppcointalk.org/index.php?q=node/18

but feel free to register and take part in testing and the current auctions I have placed I have the items for sale so am willing to trade if people really want

All donations greatly appreciated:

BTC: 1FvMYwtkrQakoL8Zq1GjfKqTkm2a7TKt6N
LTC: LbMPUzwPRkWa5hCJGrEiRCeoYExY6Ujt1D
LQC: vbJVpeF82Ezd3Dx8ubWeiFeEguFwPctzJL
I0C: jU8MuSJcw7XmauyddGFSoo5HzEAPgjxfsz
IXC: xhUfkeNiVGaWFkEcuv8tTUGHX6PLt9dZ94
PPC: PDtcFPhMa9Hc9zTfoRG7zcURCRpcpRdMym

Looks very interesting

[buzzdave]

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?

[doublec]

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.

[buzzdave]

The requirement to keep my funds in a local wallet connected to the internet is too risky - unless there is a significant monetary reward, I don't see many people mining for proof of stake...

[Jutarul]

The requirement to keep my funds in a local wallet connected to the internet is too risky - unless there is a significant monetary reward, I don't see many people mining for proof of stake...

Maybe it's time to think about a difficulty dependent reward scheme for proof-of-stake?

regarding offline/online: The wallet doesn't have to be online all the time. Your ppcoins accumulate coinage nevertheless. In fact the wallet only needs to be online every 1-3 months, until you successfully redeemed your stake, then you can take it offline again.

[buzzdave]

So a pool or an exchange could do this for their account holders 

[buryfarmer]

Well PPcoin mining is profitable now!

[KrLos]

yep, it's profitable now, 120% dif of BTC, maded 2 btcs now, just investing 0.5 btc, isn't much, but worth the try xD