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Author Topic: [ANN][STEEM][POW] - An experimental Proof of Work blockchain  (Read 10047 times)
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thereverseflash
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March 24, 2016, 01:28:43 AM
 #121

Thread is all dev talking to himself from different accounts and erasing anyone thats not hims posts  Grin


funny shit

If only it were true. The real irony is that despite looking like a sock puppet it isn't me Sad 

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myriadcoin
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March 24, 2016, 01:29:00 AM
 #122

Smiley If you study the code you will discover that this chain has 6 different kinds of proof of work, most of them much more useful than spinning a CPU.


I don't see it? Seems like one kind of proof of work... I think you misunderstand what 'multi-algo' is. I suggest you check the Myriad website for more info at myriadcoin.org.

Your Proof of Work could be likened to 6 'rounds of hashing', similar to X11, but as you say, the rounds are more 'useful'.

Multi-algo is a different beast entirely. You have 5 actual different proof of works. Each has its own independent difficulty and finds a share of the blocks (share determined by individual target blocktimes for each PoW).

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
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March 24, 2016, 01:36:45 AM
 #123

Smiley If you study the code you will discover that this chain has 6 different kinds of proof of work, most of them much more useful than spinning a CPU.


I don't see it? Seems like one kind of proof of work... I think you misunderstand what 'multi-algo' is. I suggest you check the Myriad website for more info at myriadcoin.org.

Your Proof of Work could be likened to 6 'rounds of hashing', similar to X11, but as you say, the rounds are more 'useful'.

Multi-algo is a different beast entirely. You have 5 actual different proof of works. Each has its own independent difficulty and finds a share of the blocks (share determined by individual target blocktimes for each PoW).

I am familiar with multi-algorithm POW.  The POW in this is accessible to far more people than anything before it.

Are you fast enough?
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March 24, 2016, 01:40:33 AM
 #124

Smiley If you study the code you will discover that this chain has 6 different kinds of proof of work, most of them much more useful than spinning a CPU.


I don't see it? Seems like one kind of proof of work... I think you misunderstand what 'multi-algo' is. I suggest you check the Myriad website for more info at myriadcoin.org.

Your Proof of Work could be likened to 6 'rounds of hashing', similar to X11, but as you say, the rounds are more 'useful'.

Multi-algo is a different beast entirely. You have 5 actual different proof of works. Each has its own independent difficulty and finds a share of the blocks (share determined by individual target blocktimes for each PoW).

I am familiar with multi-algorithm POW.  The POW in this is accessible to far more people than anything before it.


I don't understand how. I'm not saying STEEM PoW is without merit— but if you're limiting blocks to the top 21 miners, how is it 'accessible to far more people than anything before'?

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
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March 24, 2016, 01:48:18 AM
 #125

NO PREMINE | NO INSTAMINE this is not true and should be removed  Angry launch of this coin was setup to let dev instamine and get big premine...
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March 24, 2016, 01:49:10 AM
 #126

Current account list:
Code:
[
  "aaron",
  "abit",
  "acp",
  "adamstgbit",
  "alice",
  "alice1",
  "almond",
  "amph",
  "amy",
  "ander",
  "andrew",
  "apple",
  "arthur",
  "balthazar",
  "barbara",
  "batel",
  "batel1",
  "batel2",
  "batel3",
  "ben",
  "billgates",
  "bitchipper",
  "bitcoin",
  "bitcoinkkk",
  "bitshares",
  "bnrtx",
  "bob",
  "bobby",
  "boltz",
  "brian",
  "bryan",
  "carl",
  "charles",
  "chartbuddy",
  "chris",
  "cisahasa",
  "cloop",
  "cloop1",
  "cloop2",
  "coins4lunch",
  "cypherdoc",
  "dan",
  "daniel",
  "dannac",
  "dantheman",
  "dantheman1",
  "dantheman2",
  "dark",
  "david",
  "dealthandtaxes",
  "devshuster",
  "dnotes",
  "doesntmatter",
  "donald",
  "donna",
  "dorthy",
  "drays",
  "drpd",
  "elizabeth",
  "eric",
  "ernest",
  "ethereum",
  "facebook",
  "faddy",
  "faddy1",
  "faddy2",
  "faddy3",
  "faddy4",
  "frank",
  "fuck",
  "gary",
  "griffith",
  "helen",
  "hello",
  "hilariousandco",
  "howard",
  "initminer",
  "initminer18882",
  "insurance",
  "james",
  "jandbzan",
  "jason",
  "jeff",
  "jeffrey",
  "jennifer",
  "jeremy",
  "john",
  "jose",
  "joseph",
  "kevin",
  "kointrend",
  "kprell40",
  "larry",
  "laura",
  "leigh2k14",
  "linda",
  "liondani",
  "localhost",
  "luis",
  "malekbaba",
  "mangox",
  "margaret",
  "maria",
  "mark",
  "messi",
  "miners",
  "mn12defgj1",
  "mottler",
  "mottler-1",
  "mottler-2",
  "mottler-3",
  "mottler-4",
  "mottler-5",
  "mottler-6",
  "mr11acdee",
  "mr11acdee1",
  "mr11acdee2",
  "mr11acdee3",
  "null",
  "nxt",
  "nxt1",
  "nxt2",
  "temp",
  "thisisnice",
  "thisisnice0",
  "thisisnice11",
  "thisisnice2"
]

I have verified that anyone with a 1 year old i7 CPU can start it up and start producing blocks in under an hour.  

That's weird. I see the name of my account in this list above (drays), but I am not mining this and never even tried  Huh

Just opened the thread and reading. Not even sure why someone would have used my nick? It is not a common word or common name at all. Also I see several nicks of other hero members of BCT, but none of them even posted in this thread, so I doubt they participate in any way.

Now - I would have considered mining this, if I were at my PC at the moment Smiley, but the fact is - I didn't mine it!
So how my nick appeared in the list?
Any explanation to this, Dev?

Welcome drays, if you would like to have that account I will gladly transfer it to you.   I reserved many accounts from bitcoin talk to keep them available for you.  

OK then, got it. Interesting idea to bring in new people though Smiley
It looks like there are a lot of interesting and nonstandard ideas here, but I have to postpone the investigation for now.. The time is really inconvenient for mining or investigating the code, as its time to sleep here... Smiley

Wish a good luck to you. Its not often I tell it here on forum, but I'm a somewhat intrigued by all this nonstandard approaches. Its always nice to see someone trying to bring in some fresh air, and to experiment a bit.

... this space is not for rent ...
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March 24, 2016, 07:36:34 AM
 #127

NO PREMINE | NO INSTAMINE this is not true and should be removed  Angry launch of this coin was setup to let dev instamine and get big premine...

This is true. The coin is so impossible to mine that you can't say it wasn't a premine/instamine.

Dev: what do you plan on doing with the premine?

You need to start by saying what safeguards you will make against dumping it.

And don't delete this post. I'm not criticizing what you did. I want to know your plans.
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March 24, 2016, 09:08:57 AM
 #128


when is block to halving? 4 year like bitcoin?
STEEMD
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March 24, 2016, 11:58:34 AM
 #129

WTS 1,000 STEEM  Cheesy

PM
thereverseflash
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March 24, 2016, 12:41:51 PM
 #130


when is block to halving? 4 year like bitcoin?

Reward is constant until it inflation reaches about 113% per year, then it remains at that level.

Are you fast enough?
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March 24, 2016, 12:46:16 PM
 #131


when is block to halving? 4 year like bitcoin?

Reward is constant until it inflation reaches about 113% per year, then it remains at that level.

hey dev, please check pm.
thereverseflash
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March 24, 2016, 12:55:45 PM
 #132

NO PREMINE | NO INSTAMINE this is not true and should be removed  Angry launch of this coin was setup to let dev instamine and get big premine...

This is true. The coin is so impossible to mine that you can't say it wasn't a premine/instamine.

Dev: what do you plan on doing with the premine?

You need to start by saying what safeguards you will make against dumping it.

And don't delete this post. I'm not criticizing what you did. I want to know your plans.


1. the coin is not impossible to mine, I have a standard desktop PC running the open source code and producing several POW per hour
2. you may have noticed VESTS (vesting STEEM), the Steem network is set up to ensure that 90% of all all Steem is locked for an average of 1 year continuously.
3. after the initial bootstrap phase, all mining rewards automatically get converted to vesting Steem (see code for details)
4. someone asked about the supply 143994.000 STEEM    vs block number 35706 showing an average STEEM per block of 4.00
    - 50% of that supply is actually locked up by the network to be distributed on July 4th, 2016 based upon another kind of proof of work (already coded, no hard forks).
    - that leaves 2 STEEM per block, 1 to the producer for producing the block, and 21 to the producer for including someone else POW.

{
  "id": "2.0.0",
  "head_block_number": 35706,
  "head_block_id": "00008b7a0d1a0c61f9d8b13e1fe484a9b7efa12a",
  "time": "2016-03-24T12:43:33",
  "current_witness": "alice",
  "total_pow": "18446744048010777929",
  "num_pow_witnesses": 80,
  "virtual_supply": "143994.000 STEEM",
  "current_supply": "143994.000 STEEM",
  "confidential_supply": "0.000 STEEM",
  "current_sbd_supply": "0.000 SBD",
  "confidential_sbd_supply": "0.000 SBD",
  "total_vesting_fund_steem": "270.000 STEEM",
  "total_vesting_shares": "270.000000 VESTS",
  "total_reward_fund_steem": "71412.000 STEEM",
  "total_reward_shares2": "0",
  "sbd_interest_rate": 1000,
  "average_block_size": 115,
  "maximum_block_size": 131072,
  "current_aslot": 44071,
  "recent_slots_filled": "340282366920938463463374607431768211455",
  "last_irreversible_block_num": 35685,
  "max_virtual_bandwidth": "4151066908544379562",
  "current_reserve_ratio": 1786,
  "head_block_num": 35706,
  "head_block_age": "2 seconds old",
  "participation": "100.00000000000000000",
  "median_sbd_price": {
    "base": "0.000 STEEM",
    "quote": "0.000 STEEM"
  }
}

Are you fast enough?
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March 24, 2016, 01:15:09 PM
 #133

NO PREMINE | NO INSTAMINE this is not true and should be removed  Angry launch of this coin was setup to let dev instamine and get big premine...

This is true. The coin is so impossible to mine that you can't say it wasn't a premine/instamine.

Dev: what do you plan on doing with the premine?

You need to start by saying what safeguards you will make against dumping it.

And don't delete this post. I'm not criticizing what you did. I want to know your plans.


1. the coin is not impossible to mine, I have a standard desktop PC running the open source code and producing several POW per hour
2. you may have noticed VESTS (vesting STEEM), the Steem network is set up to ensure that 90% of all all Steem is locked for an average of 1 year continuously.
3. after the initial bootstrap phase, all mining rewards automatically get converted to vesting Steem (see code for details)
4. someone asked about the supply 143994.000 STEEM    vs block number 35706 showing an average STEEM per block of 4.00
    - 50% of that supply is actually locked up by the network to be distributed on July 4th, 2016 based upon another kind of proof of work (already coded, no hard forks).
    - that leaves 2 STEEM per block, 1 to the producer for producing the block, and 21 to the producer for including someone else POW.

{
  "id": "2.0.0",
  "head_block_number": 35706,
  "head_block_id": "00008b7a0d1a0c61f9d8b13e1fe484a9b7efa12a",
  "time": "2016-03-24T12:43:33",
  "current_witness": "alice",
  "total_pow": "18446744048010777929",
  "num_pow_witnesses": 80,
  "virtual_supply": "143994.000 STEEM",
  "current_supply": "143994.000 STEEM",
  "confidential_supply": "0.000 STEEM",
  "current_sbd_supply": "0.000 SBD",
  "confidential_sbd_supply": "0.000 SBD",
  "total_vesting_fund_steem": "270.000 STEEM",
  "total_vesting_shares": "270.000000 VESTS",
  "total_reward_fund_steem": "71412.000 STEEM",
  "total_reward_shares2": "0",
  "sbd_interest_rate": 1000,
  "average_block_size": 115,
  "maximum_block_size": 131072,
  "current_aslot": 44071,
  "recent_slots_filled": "340282366920938463463374607431768211455",
  "last_irreversible_block_num": 35685,
  "max_virtual_bandwidth": "4151066908544379562",
  "current_reserve_ratio": 1786,
  "head_block_num": 35706,
  "head_block_age": "2 seconds old",
  "participation": "100.00000000000000000",
  "median_sbd_price": {
    "base": "0.000 STEEM",
    "quote": "0.000 STEEM"
  }
}

Thanks for info, can you explain this line more :

  - that leaves 2 STEEM per block, 1 to the producer for producing the block, and 21 to the producer for including someone else POW.

where did the other 21 STEEM comes from if the block reward is 2 STEEM ?

i never got a block with 21 STEEM rewards, im always getting 1 STEEM and only 1 VESTS once time for each miner.
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March 24, 2016, 01:19:36 PM
 #134

POW is only found on average once every 21 blocks.  So it results in an average of 1 per block, but there is some randomness and luck to it.

Are you fast enough?
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March 24, 2016, 02:06:33 PM
 #135

Is there any Windows Wallet, GUI and Miner please? OP/Dev need to include more information about this.
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March 24, 2016, 02:15:31 PM
 #136

@dev, how to access http API ? im trying that but not succeeded, also i saw a GUI API what is that ?
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March 24, 2016, 02:39:45 PM
 #137

I have good news and bad news...

bad news: we have identified an integer overflow bug in the POW scheduling that only shows up when difficulty got high (thus didn't show up on our tests).
good news: we have decided to relaunch the chain with the fix and in a way that will hopefully make more people happy

On the relaunch we will do the following:

1. Start a new Thread
2. Give 30 minutes notice ahead of the start of mining
3. Not squat on any names

If there are any other requests for the relaunch we will consider them now.  

Like we said from the beginning this is experimental / unproven consensus and beta software.  

Are you fast enough?
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March 24, 2016, 02:41:46 PM
 #138

I have good news and bad news...

bad news: we have identified an integer overflow bug in the POW scheduling that only shows up when difficulty got high (thus didn't show up on our tests).
good news: we have decided to relaunch the chain with the fix and in a way that will hopefully make more people happy

On the relaunch we will do the following:

1. Start a new Thread
2. Give 30 minutes notice ahead of the start of mining
3. Not squat on any names

If there are any other requests for the relaunch we will consider them now.  

Like we said from the beginning this is experimental / unproven consensus and beta software.  

How about a compiled wallet or instructions how to build the fuck thing
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March 24, 2016, 02:42:14 PM
 #139

I have good news and bad news...

bad news: we have identified an integer overflow bug in the POW scheduling that only shows up when difficulty got high (thus didn't show up on our tests).
good news: we have decided to relaunch the chain with the fix and in a way that will hopefully make more people happy

On the relaunch we will do the following:

1. Start a new Thread
2. Give 30 minutes notice ahead of the start of mining
3. Not squat on any names

If there are any other requests for the relaunch we will consider them now.  

Like we said from the beginning this is experimental / unproven consensus and beta software.  

How about windows binaries so the rest of us can mine?
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March 24, 2016, 02:59:56 PM
 #140

I have good news and bad news...

bad news: we have identified an integer overflow bug in the POW scheduling that only shows up when difficulty got high (thus didn't show up on our tests).
good news: we have decided to relaunch the chain with the fix and in a way that will hopefully make more people happy

On the relaunch we will do the following:

1. Start a new Thread
2. Give 30 minutes notice ahead of the start of mining
3. Not squat on any names

If there are any other requests for the relaunch we will consider them now.  

Like we said from the beginning this is experimental / unproven consensus and beta software.  

A simple and clear mining guide please.
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