PPCoin Solo Mining

[LewiesMan]

Hi All, Sorry For Being absent for so long. Anyways I trying to Solo-Mine PPCoin Can anybody please tell me how?
I'm afraid I still Only have a 6570 ati that gives me a hash rate of 100 - 120 mhash/s, Thanks.

PS: what precisely is PPCoin's function?

[cunicula]

Hi All, Sorry For Being absent for so long. Anyways I trying to Solo-Mine PPCoin Can anybody please tell me how?
I'm afraid I still Only have a 6570 ati that gives me a hash rate of 100 - 120 mhash/s, Thanks.

PS: what precisely is PPCoin's function?

You should use a pool such as:

coinotron.com

or

http://ppcpool.bitparking.com/pool

[dreamwatcher]

Hi All, Sorry For Being absent for so long. Anyways I trying to Solo-Mine PPCoin Can anybody please tell me how?
I'm afraid I still Only have a 6570 ati that gives me a hash rate of 100 - 120 mhash/s, Thanks.

PS: what precisely is PPCoin's function?

You should use a pool such as:

coinotron.com

or

http://ppcpool.bitparking.com/pool

I agree with cunicula that with your hash rate a pool would be the best route.


However, if you really want to solo mine, it works the same as mining BTC except you use port 9902 instead of Bitcoin's port of 8332.

Place the required rpcuser and rpcpassword in the ppcoin.conf file along with server=1.

Set your mining software as normal using port 9902.

In a nutshell, PPC is an alt coin that introduces the Proof of Stake model into a working Block Chain.

[LewiesMan]

Thanks 9902 - got it!

[cabin]

Does the proof of stake part have a reward too and is it roughly 1% per coin per year? I'm also not clear on when the proof of stake is 'minted'.. is this fully under the miners control.. ie you could choose to mint a stake block (on average) once per day assuming you had 365 coins to start with, or you might not bother and just mint a larger reward once per month and this would happen with high probability within a few hours.

I like the concept of not using as much energy to secure a currency, if such a thing is possible that is interesting.