[ANN] SPROUTS sha256 pos+pow 10% at 5 days 芽菜货币

[peonminer]

Any lower and I'll have to buy every bit I see

[Belligerent Fool]

Any lower and I'll have to buy every bit I see

1 Satoshi

1.69045283 BTC Market Cap for them all

[GoldSeal]

I don't think hyper-inflation is a factor at the moment. We are still way under 200M and there is an inflation brake due to be applied early in the new year. Bitcoin''s rise has affected most altcoins. But prices go up and down. I think the problem is that not enough people know about Sprouts. Those that do tend to be keen adherants.

Take Thundertoe's thundering endorsement a short while ago: https://bitcointalk.org/index.php?topic=1103868.msg12720381#msg12720381 You can't get a better endorsement than that from a top developer of a top coin.

I think that the devs are trying too hard. I doubt whether the price will get any lower, but I don't mind too much if it does. Chill out! Spread the word and enjoy the Christmas break.   

What is the inflation brake that you are referring to?

[Nthused]

I don't think hyper-inflation is a factor at the moment. We are still way under 200M and there is an inflation brake due to be applied early in the new year. Bitcoin''s rise has affected most altcoins. But prices go up and down. I think the problem is that not enough people know about Sprouts. Those that do tend to be keen adherants.

Take Thundertoe's thundering endorsement a short while ago: https://bitcointalk.org/index.php?topic=1103868.msg12720381#msg12720381 You can't get a better endorsement than that from a top developer of a top coin.

I think that the devs are trying too hard. I doubt whether the price will get any lower, but I don't mind too much if it does. Chill out! Spread the word and enjoy the Christmas break.   

What is the inflation brake that you are referring to?

I think I recall peonminer talking about capping the Interest % to something and/or increasing tx fees.

[mannyg]

This wallet crashes when I solo mine my Antminer S1 to it.  Doesnt crash when I point 10x Antminer U1/U2's at it.

[mannyg]

Also, what are the P2Pool settings for the networks.py file for this coin?

[peonminer]

Any lower and I'll have to buy every bit I see

1 Satoshi

1.69045283 BTC Market Cap for them all

*DROOLS

I would buy them all, stake them all, and give 2/3rd away to everyone!


As far as inflation is concerned, this needs to be a community discussion. I feel that we all could encompass something attainable, without damaging the essence of the coin. Personally, I feel that inflation control is not necessary. Take a look at DOGE. It is #6 on the top markets of crypto. Current market cap: 102,134,206,198    coins / $13,000,000.00 USD. http://coinmarketcap.com/currencies/dogecoin/

We have to take a look at the long run. A few years down the road. Bitcoin becomes main stream adopted. No one can get their hands on a single bitcoin because the market cap has raised to $10,000,000,000.00 USD. Fractional reserve is now implemented. Each Bitcoin is worth $6,000.00 USD Would you feel whole owning .03 BTC ? No. Now, with 10 million Sprouts @ .00000067 BTC (current price) you would be looking at 6.7 BTC, or $40,000 USD. I am looking at the long run aspect of this all. Bitcoin is scheduled to expand exponentially in 2016. So will Sprouts. The aforementioned scaling can be also thought as 100,000,000 Sprouts @ .00000007 BTC each (assume BTC is $6k by the time hyper inflation would hit) = $42,000.00 USD. Even with Bitcoin half that price (which it most certainly will reach, with USD HYPER INFLATION), you're still looking at $20,000+ net worth of your coins a few years from now, for a very small investment today. Thoughts?

[peonminer]

Can a community member answer this? Thanks!

Been trying to point my miner at the wallet and everytime it is about to start mining, the wallet crashes and closes.  Only happens with my 200GH/s miners and not my 20GH/s miners.


Also, would like to setup a P2Pool for Sprouts but need to know the python network.py file settings for the coin.

Here is an example of Bitcoins network.py file settings:

Code:

import os
import platform

from twisted.internet import defer

from .. import data, helper
from p2pool.util import pack


P2P_PREFIX = 'f9beb4d9'.decode('hex')
P2P_PORT = 8333
ADDRESS_VERSION = 0
RPC_PORT = 8332
RPC_CHECK = defer.inlineCallbacks(lambda bitcoind: defer.returnValue(
            (yield helper.check_genesis_block(bitcoind, '000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f')) and
            not (yield bitcoind.rpc_getinfo())['testnet']
        ))
SUBSIDY_FUNC = lambda height: 50*100000000 >> (height + 1)//210000
POW_FUNC = data.hash256
BLOCK_PERIOD = 600 # s
SYMBOL = 'BTC'
CONF_FILE_FUNC = lambda: os.path.join(os.path.join(os.environ['APPDATA'], 'Bitcoin') if platform.system() == 'Windows' else os.path.expanduser('~/Library/Application Support/Bitcoin/') if platform.system() == 'Darwin' else os.path.expanduser('~/.bitcoin'), 'bitcoin.conf')
BLOCK_EXPLORER_URL_PREFIX = 'https://blockchain.info/block/'
ADDRESS_EXPLORER_URL_PREFIX = 'https://blockchain.info/address/'
TX_EXPLORER_URL_PREFIX = 'https://blockchain.info/tx/'
SANE_TARGET_RANGE = (2**256//2**32//1000000 - 1, 2**256//2**32 - 1)
DUMB_SCRYPT_DIFF = 1
DUST_THRESHOLD = 0.001e8

and P2Pool network.py settings

Code:

from p2pool.bitcoin import networks

# CHAIN_LENGTH = number of shares back client keeps
# REAL_CHAIN_LENGTH = maximum number of shares back client uses to compute payout
# REAL_CHAIN_LENGTH must always be <= CHAIN_LENGTH
# REAL_CHAIN_LENGTH must be changed in sync with all other clients
# changes can be done by changing one, then the other

PARENT = networks.nets['bitcoin']
SHARE_PERIOD = 30 # seconds
CHAIN_LENGTH = 24*60*60//10 # shares
REAL_CHAIN_LENGTH = 24*60*60//10 # shares
TARGET_LOOKBEHIND = 200 # shares
SPREAD = 3 # blocks
IDENTIFIER = 'fc70035c7a81bc6f'.decode('hex')
PREFIX = '2472ef181efcd37b'.decode('hex')
P2P_PORT = 9333
MIN_TARGET = 0
MAX_TARGET = 2**256//2**32 - 1
PERSIST = True
WORKER_PORT = 9332
BOOTSTRAP_ADDRS = 'forre.st vps.forre.st portals94.ns01.us 54.227.25.14 119.1.96.99 204.10.105.113 76.104.150.248 89.71.151.9 76.114.13.54 72.201.24.106 79.160.2.128 207.244.175.195 168.7.116.243 94.23.215.27 218.54.45.177 5.9.157.150 78.155.217.76 91.154.90.163 173.52.43.124 78.225.49.209 220.135.57.230 169.237.101.193:8335 98.236.74.28 204.19.23.19 98.122.165.84:8338 71.90.88.222 67.168.132.228 193.6.148.18 80.218.174.253 50.43.56.102 68.13.4.106 24.246.31.2 176.31.208.222 1.202.128.218 86.155.135.31 204.237.15.51 5.12.158.126:38007 202.60.68.242 94.19.53.147 65.130.126.82 184.56.21.182 213.112.114.73 218.242.51.246 86.173.200.160 204.15.85.157 37.59.15.50 62.217.124.203 80.87.240.47 198.61.137.12 108.161.134.32 198.154.60.183:10333 71.39.52.34:9335 46.23.72.52:9343 83.143.42.177 192.95.61.149 144.76.17.34 46.65.68.119 188.227.176.66:9336 75.142.155.245:9336 213.67.135.99 76.115.224.177 50.148.193.245 64.53.185.79 80.65.30.137 109.126.14.42 76.84.63.146 62.213.58.41 61.219.119.37 209.195.4.74 114.32.105.215 221.15.35.2 78.46.88.136 211.100.23.119 84.75.252.230 123.243.155.184:9350 68.193.128.182'.split(' ')
ANNOUNCE_CHANNEL = '#p2pool'
VERSION_CHECK = lambda v: None if 100000 <= v else 'Bitcoin version too old. Upgrade to 0.10.0 or newer!'
VERSION_WARNING = lambda v: None

[a_cat_named_joe]

Why would anyone want to mine when it is so easy to mint with Proof of Stake? Just open your wallet after maturation, wait a short while for you coins to fight their way onto the blockchain and voilà!

It's rainin' Sprouts!

[a_cat_named_joe]

Any lower and I'll have to buy every bit I see

1 Satoshi

1.69045283 BTC Market Cap for them all

*DROOLS

I would buy them all, stake them all, and give 2/3rd away to everyone!


As far as inflation is concerned, this needs to be a community discussion. I feel that we all could encompass something attainable, without damaging the essence of the coin. Personally, I feel that inflation control is not necessary. Take a look at DOGE. It is #6 on the top markets of crypto. Current market cap: 102,134,206,198    coins / $13,000,000.00 USD. http://coinmarketcap.com/currencies/dogecoin/

We have to take a look at the long run. A few years down the road. Bitcoin becomes main stream adopted. No one can get their hands on a single bitcoin because the market cap has raised to $10,000,000,000.00 USD. Fractional reserve is now implemented. Each Bitcoin is worth $6,000.00 USD Would you feel whole owning .03 BTC ? No. Now, with 10 million Sprouts @ .00000067 BTC (current price) you would be looking at 6.7 BTC, or $40,000 USD. I am looking at the long run aspect of this all. Bitcoin is scheduled to expand exponentially in 2016. So will Sprouts. The aforementioned scaling can be also thought as 100,000,000 Sprouts @ .00000007 BTC each (assume BTC is $6k by the time hyper inflation would hit) = $42,000.00 USD. Even with Bitcoin half that price (which it most certainly will reach, with USD HYPER INFLATION), you're still looking at $20,000+ net worth of your coins a few years from now, for a very small investment today. Thoughts?

I can see your logic on the coin supply. Other successful POS coins have decided to keep the coin integrity - what it's unique selling point is - rather than cap the POS % payout. Tekcoin is one with a similar policy to what you suggest. Tek does link the % payout to difficulty, but a maximum 40% payout after a 30 day maturation is still very possible and easily achieved - so there is not an effective break to achieving a maximum reward. The Sprouts rate over the same time period is 60% (2% per day with a maturation after 5 days). So with Tekcoin there are similarities with what you propose, except with Sprouts the POS rate is a little higher, and Sprouts has better compound interest opportunities.

I think that I would still like to see some form of a gradual brake put on the coin supply sometime next year, but would be OK with whatever is decided. What avenues could the community discussion explore? Linking POS payout to the coin supply, like HoboNickels? Linking to difficulty like Tek? Or, simply keeping things as they are - with the rationale that there are some very useful coins out there that totally dwarf the Sprouts coin supply for the foreseeable future, like Dogecoin as you mentioned - i.e. if it ain't broke, don't fix it? Throwing it open for community discussion is a good first move to ensure we get this right.

[mannyg]

I am having a problem with my NOMP pool. I just added sprouts to it, but it won't start.
getblocktemplate call failed for daemon instance 0 with error {"code":-8,"message":"Invalid mode"}

any help would be appreciated.

I got past that error by editing the bitcoinrpc.cpp file and recompiling the wallet
bitcoinrpc.cpp for peercoin forks fix

Code:

 line 2186 change from "if (fHelp || params.size() > 1)" to "if (fHelp || params.size() > 0)"

It introduced a new error that Im still trying to figure my way out through

[dalistar]

Even they gave me 100% staking profit ... I still lose.... price down in one day from180 sat to 75 sat .... and not have big vol to buy ..... bad choice when choose sprts to stack ...

[GoldSeal]

Even they gave me 100% staking profit ... I still lose.... price down in one day from180 sat to 75 sat .... and not have big vol to buy ..... bad choice when choose sprts to stack ...

Unfortunately, it doesn't take much being sold to pound this coin into the dirt. We're headed to 0 or close to it very fast.

[NoobKidOnTheBlock]

Even they gave me 100% staking profit ... I still lose.... price down in one day from180 sat to 75 sat .... and not have big vol to buy ..... bad choice when choose sprts to stack ...

Unfortunately, it doesn't take much being sold to pound this coin into the dirt. We're headed to 0 or close to it very fast.

No I don't think Sprouts is headed to zero anytime soon. There is only 180 million coin supply so far and there are a lot of BIG and I mean BIG holders that love these types of POS coins to stock and stack and keep trading for long times mate I'm not saying Sprouts is going to be worth lots but I can't see it going to ZERO anytime soon that's for sure Cheers

[dalistar]

i hope this too ,, because i hold one million right now

[NoobKidOnTheBlock]

i hope this too ,, because i hold one million right now

Well let's see a couple things going right now for Sprouts.  Well it has a good strong community so far and a lot of people holding staking their coins.  The total supply isn't even 200 million yet and I know some coins with coin supplies in the Billions that still trade for more than 10 satoshi a coin so that's another good thing to look at.  In all honesty I can't see this coin dying anytime soon not with the people heavily invested into it and the fact that it has such a strong community behind it.  I'm not saying that Sprouts will ever hit over 800 sats again a coin and I'm not saying it won't either but I can guarantee you that as long as the community stays strong and the team behind this coin continues to work with it, Sprouts will be around and trading for a decent price for a long time So sit back relax and enjoy staking your coins Cheers

[a_cat_named_joe]

I don't think that the total coin supply is the problem at the moment. For me, the problem is that we are producing coins too quickly. People are minting large amounts and flooding the exchanges - there are not enough people into Sprouts at the moment. This is a new coin with good potential. We need to spread the word to others.

An earlier contributor to this thread suggested changing the POS payout from 2% per day to 1% per day. I'm inclined to agree with him.

[NoobKidOnTheBlock]

I don't think that the total coin supply is the problem at the moment. For me, the problem is that we are producing coins too quickly. People are minting large amounts and flooding the exchanges - there are not enough people into Sprouts at the moment. This is a new coin with good potential. We need to spread the word to others.

An earlier contributor to this thread suggested changing the POS payout from 2% per day to 1% per day. I'm inclined to agree with him.

Ya that would help as well to do something like that with the POS I agree that the exchanges are getting flooded with the coins but Sprouts also needs some more exchanges to be traded on and the word definitely needs to get out more about this coin for sure

[dalistar]

Ya that would help as well to do something like that with the POS I agree that the exchanges are getting flooded with the coins but Sprouts also needs some more exchanges to be traded on and the word definitely needs to get out more about this coin for sure

how about we all SPRTS holder to support this coin in http://poloniex.com/ if added there then will have much more trading exchange and we all will be happy

[NoobKidOnTheBlock]

Ya that would help as well to do something like that with the POS I agree that the exchanges are getting flooded with the coins but Sprouts also needs some more exchanges to be traded on and the word definitely needs to get out more about this coin for sure

how about we all SPRTS holder to support this coin in http://poloniex.com/ if added there then will have much more trading exchange and we all will be happy

I'm down with trying to get this coin listed onto Poloniex but I am uncertain about how they determine which coins they add to their exchange?