Slimcoin | First Proof of Burn currency | Decentralized Web

[gjhiggins]

I wonder what would happen if, instead of using hashes of torrents, we will store ... whatever. You can build an entire communication protocol on top of the blockchain.

With limitations, yes. Torrent hashes are just low-hanging fruit. See https://github.com/solid/solid for the Really Big Picture(tm).

Cheers

Graham

[gavrilo77]

After how many blocks staking will start? I just turned it on

[gjhiggins]

After how many blocks staking will start? I just turned it on

In case it passed you by: the source has reservebalance=1000000 hard-coded in it to prevent the client from prematurely staking while it is synching.

It's a workaround, not a fix.

Users must set reservebalance=0 in the config file or on the commandline in order to enable a funded wallet to receive mint-by-proof-of-stake rewards.

IME, mint-by-proof-of-stake rewards start appearing 2 - 3 days after staking is enabled. YMMV.

Cheers

Graham

[gavrilo77]

After how many blocks staking will start? I just turned it on

In case it passed you by: the source has reservebalance=1000000 hard-coded in it to prevent the client from prematurely staking while it is synching.

It's a workaround, not a fix.

Users must set reservebalance=0 in the config file or on the commandline in order to enable a funded wallet to receive mint-by-proof-of-stake rewards.

IME, mint-by-proof-of-stake rewards start appearing 2 - 3 days after staking is enabled. YMMV.

Cheers

Graham

I have set manually reservebalance false and i will wait

[cryptovore]

Just got my first mint by stake transaction in the desktop client. Neat!

In the GUI wallet I get this when I fire "getinfo":

"stake" : 72.37673600,

but in the CLI wallets it sits at 0.0000 from the beginning. I have set reservebalance to false in the CLI wallet a couple a days ago. Maybe I should wait more?

What are the news regarding OP_RETURN? In the Github repo is still on the move to debug phase...

On novaexchange we are starting to see a little bit of volume, hopefully they are not just the internal bots of the exchange.

Have a great weekend everybody!

[gavrilo77]

Diff seems increased. This is in a year or more the biggest one i think

If someone wants SLM avatar http://imgur.com/a/1rC1o

[gjhiggins]

Diff seems increased. This is in a year or more the biggest one i think

If someone wants SLM avatar http://imgur.com/a/1rC1o

High-res .svg and .xcf versions also available in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/src

The exuberant splash screen image is in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/images

Another .png and the OS-specific formats in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/icons

Cheers

Graham

[gavrilo77]

Diff seems increased. This is in a year or more the biggest one i think

If someone wants SLM avatar http://imgur.com/a/1rC1o

High-res .svg and .xcf versions also available in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/src

The exuberant splash screen image is in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/images

Another .png and the OS-specific formats in https://github.com/slimcoin-project/Slimcoin/tree/master/src/qt/res/icons

Cheers

Graham

Thanks!!! I have never checked there

[gjhiggins]

but in the CLI wallets it sits at 0.0000 from the beginning. I have set reservebalance to false in the CLI wallet a couple a days ago. Maybe I should wait more?

Are you still seeing this?

What are the news regarding OP_RETURN? In the Github repo is still on the move to debug phase...

I've looked at the code, can't see anything obviously amiss, matches ppcoin bit-for-bit AFAICT. More investigation needed.

It's an old codebase, not been retrospectively bugfixed. Try pasting this into the RPC console command line (hash is block 0, the genesisblock hash):

Code:

getblock 00000766be5a4bb74c040b85a98d2ba2b433c5f4c673912b3331ea6f18d61bea true

Yuk.

Currently trying to persuade Abe to read Slimcoin blocks and txs, might throw some light on the (assumedly) misparsing.

Cheers

Graham

[cryptovore]

Yes, the Linux CLI wallets don't show any sign of resilience in regards to the stake part of their life. Still 0.0000.

As for that block, I don't know the correct format for a tx in the slimcoin blockchain, but that one looks a bit strange. It's quite big and it seems to have a lot of redundancy.

Keep up the good work I have better and better feelings about the potential of the Slimcoin, especially the proof of burn part. It may be a way to maintain mining in the hands of many and to avoid vulnerabilities like China potential for centralization in the Bitcoin market.

[psycodad]

I installed the OP_return branch and mined a few blocks, burnt some coins (2) and immediately received 250, 242 and 249 back 
Stopped mining now to not further increase the diff on testnet. Naturally I also notarized the SHA256 of my slimcoin-qt binary to the testnet blockchain but as far as I understand this either not works correctly yet or can't be seen from within the client.

A working testnet is really nice (and I start to love PoB)

I am now off burning my real slimcoins like a pyromaniac

@cryptovore: I run slimcoind since a few weeks and I see it staking on a regular base, right now I have:

Code:

{
    "version" : "SLMv0.4.1-alpha-43-g812154a-alpha",
    ...
    "newmint" : 13.74000000,
    "stake" : 22.91152300,
    "blocks" : 884363,
    ...
}

[cryptovore]

@cryptovore: I run slimcoind since a few weeks and I see it staking on a regular base, right now I have:

Code:

{
    "version" : "SLMv0.4.1-alpha-43-g812154a-alpha",
    ...
    "newmint" : 13.74000000,
    "stake" : 22.91152300,
    "blocks" : 884363,
    ...
}

I probably forgot to set reservebalance to zero, will wait a few more days. Also, it might be related to the fact that I don't keep much in those wallets, I burn 90% of the minted amount. I think "stake" refers to what you actually own and currently have in your wallet, not to the amount you burned.

[gavrilo77]

@cryptovore: I run slimcoind since a few weeks and I see it staking on a regular base, right now I have:

Code:

{
    "version" : "SLMv0.4.1-alpha-43-g812154a-alpha",
    ...
    "newmint" : 13.74000000,
    "stake" : 22.91152300,
    "blocks" : 884363,
    ...
}

I probably forgot to set reservebalance to zero, will wait a few more days. Also, it might be related to the fact that I don't keep much in those wallets, I burn 90% of the minted amount. I think "stake" refers to what you actually own and currently have in your wallet, not to the amount you burned.

Edit: I see your wallet is 0.4.1. My is v0.4.0.0-g154b52a-alpha. Is there link to download 0.4.1

After 4 days my wallet not staking. I have put "reservebalance false" and wallet is unlocked

[psycodad]

@cryptovore: I run slimcoind since a few weeks and I see it staking on a regular base, right now I have:

Code:

{
    "version" : "SLMv0.4.1-alpha-43-g812154a-alpha",
    ...
    "newmint" : 13.74000000,
    "stake" : 22.91152300,
    "blocks" : 884363,
    ...
}

I probably forgot to set reservebalance to zero, will wait a few more days. Also, it might be related to the fact that I don't keep much in those wallets, I burn 90% of the minted amount. I think "stake" refers to what you actually own and currently have in your wallet, not to the amount you burned.

With ~4000 coins I almost always see some staking when I check with getinfo, but that wallet/node is up 24x7.
My uneducated guess is that when you see an amount under "stake" : they have neen elected as candidates for staking but haven't mined a PoS block yet (once they do their weight is reset and they are back available for spending). Then again my understanding of PoS is really weak compared to PoW, if somebody knows more I am more than happy to listen and learn.

From seeing the PoB working (like crazy) in testnet I assume/conclude that PoB blocks/rewards are not shown under stake or newmint in the getinfo output.

Regarding "waiting a few more days": The source says it takes at least 7 days for your coins to be in your wallet before they are allowed to stake and they reach maximum weight after 90days:
https://github.com/slimcoin-project/Slimcoin/blob/slimcoin/src/main.h#L59

@Slimcoin Community: The minimum age to stake would be a nice addition to the ANN/OP.

@gavrillo: I used Grahams instructions in this post earlier in the thread to build the linux version from the master branch. I don't know if there are compiled binaries of this version available and if they make a difference wrt, that is something Graham might be able to answer.

Cheerio - psycodad

[spark.bet]

There is not a bootstrap, to avoid days of syncronization?

[enerbyte]

There is not a bootstrap, to avoid days of syncronization?

here is one of almost a month ago
https://bitcointalk.org/index.php?topic=1141676.msg17377089#msg17377089

[spark.bet]

There is not a bootstrap, to avoid days of syncronization?

here is one of almost a month ago
https://bitcointalk.org/index.php?topic=1141676.msg17377089#msg17377089

thanks a lot

[coinzcoinzcoinz]

Why is this coin not listed on Coinmarketcap.com? In any case, I'm trying to find out what is the total number of coins. Can someone answer this for me? I'd like to calculate the current market cap.

[d5000]

Why is this coin not listed on Coinmarketcap.com?

It is listed, but marked as "inactive": https://coinmarketcap.com/currencies/slimcoin/ . That's because BTER had delisted it a couple of months ago.

In any case, I'm trying to find out what is the total number of coins. Can someone answer this for me? I'd like to calculate the current market cap.

http://slimcoin.club shows the correct number under "Total Coins". If you want to calculate it yourself, you must rest the balance of the burning address (SfSLMCoinMainNetworkBurnAddr1DeTK5) from the total supply you get when typing "getinfo" in the debug window ("moneysupply" value).

(I just conducted a rapid market cap calculation and get about 17 BTC if taking into account the bid value at NovaExchange. That would be around 15.000 USD.)

[coinzcoinzcoinz]

Why is this coin not listed on Coinmarketcap.com?

It is listed, but marked as "inactive": https://coinmarketcap.com/currencies/slimcoin/ . That's because BTER had delisted it a couple of months ago.

In any case, I'm trying to find out what is the total number of coins. Can someone answer this for me? I'd like to calculate the current market cap.

http://slimcoin.club shows the correct number under "Total Coins". If you want to calculate it yourself, you must rest the balance of the burning address (SfSLMCoinMainNetworkBurnAddr1DeTK5) from the total supply you get when typing "getinfo" in the debug window ("moneysupply" value).

(I just conducted a rapid market cap calculation and get about 17 BTC if taking into account the bid value at NovaExchange. That would be around 15.000 USD.)

Thanks for helping out! So where can I buy these coins? Looks like there are no exchanges that trade SlimCoin?