[ANN] official NovaCoin thread - the original PoS+scrypt coin.

[flound1129]

Thanks for the help.

Pool is up at stratum+tcp://multipool.in:3344/

Please add to list!

Thanks.

[Balthazar]

Thanks for the help.

Pool is up at stratum+tcp://multipool.in:3344/

Please add to list!

Thanks.

Congratulations.

Do you use an appropriate version of stratum server? Note that you should use this:

https://github.com/CryptoManiac/stratum-mining
https://bitcointalk.org/index.php?topic=201230.msg2234622#msg2234622

Otherwise you will get a waste of hashing power instead of blocks.  

[flound1129]

Thanks for the help.

Pool is up at stratum+tcp://multipool.in:3344/

Please add to list!

Thanks.

Congratulations.

Do you use an appropriate version of stratum server? Note that you should use this:

https://github.com/CryptoManiac/stratum-mining
https://bitcointalk.org/index.php?topic=201230.msg2234622#msg2234622

Otherwise you will get a waste of hashing power instead of blocks.  

I'm using a variant of that, yes.

[Balthazar]

Reminder about protocol upgrade

1d 5h 45m remaining to ROI calculation switch. If you are not updated to 0.4.1+ yet, you should apply this mandatory update immediately.

P.S. I'll send p2p alert tomorrow, it will switch old clients to safe mode.

[Balthazar]

The new ROI calculation rule became active successfully.

[flound1129]

Hey, how many confirmations until a block matures?

[mullick]

Hey, how many confirmations until a block matures?

520 I believe

[Balthazar]

Hey, how many confirmations until a block matures?

520 confirmations.

[flound1129]

Hey, how many confirmations until a block matures?

520 confirmations.

Damn.  OK

[Balthazar]

It will take 3 days approximately. Blocks generation rate is stable enough to predict confirmation time.

[flound1129]

It will take 3 days approximately. Blocks generation rate is stable enough to predict confirmation time.

Yep.  Just like PPC.

Your doc page mentions the 520 confirms for proof of stake coins, but not proof of work coins.

[Balthazar]

It will take 3 days approximately. Blocks generation rate is stable enough to predict confirmation time.

Yep.  Just like PPC.

Your doc page mentions the 520 confirms for proof of stake coins, but not proof of work coins.

Added new entry

https://github.com/CryptoManiac/novacoin/wiki/FAQ#how-many-confirmations-is-required-for-proof-of-work-and-proof-of-stake-rewards-before-it-matures

[Balthazar]

8 hours passed since activation of the new ROI calculation method. PoS difficulty made 19% jump during this time, not bad.  

[Balthazar]

https://github.com/CryptoManiac/novacoin/commit/5a4c7d3fc7a6a6bc075ab88b1f49e330894e70ce

If you are linux user, it's recommended to rebuild client from the latest git snapshot. Updated binary builds for windows and linux will be published soon.

[flound1129]

https://github.com/CryptoManiac/novacoin/commit/5a4c7d3fc7a6a6bc075ab88b1f49e330894e70ce

If you are linux user, it's recommended to rebuild client from the latest git snapshot. Updated binary builds for windows and linux will be published soon.

I compiled it on June 14, do I need to get the new version?

[Balthazar]

I compiled it on June 14, do I need to get the new version?

You can ignore it, but it's recommended to apply this update. It will improve client stability in some scenarios.

[Balthazar]

Updated builds published. It also includes an additional getmininginfo RPC call output fields:

$ /opt/novacoin/novacoind getmininginfo
{
    "blocks" : 27749,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 244.99780952,
    "netmhashps" : 278.30139631,
    "netstakeweight" : 271018,
    "errors" : "",
    "pooledtx" : 0,
    "stakepower" : 194,
    "testnet" : false
}
$

[Bitinvestor]

Updated builds published. It also includes an additional getmininginfo RPC call output fields:

$ /opt/novacoin/novacoind getmininginfo
{
    "blocks" : 27749,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 244.99780952,
    "netmhashps" : 278.30139631,
    "netstakeweight" : 271018,
    "errors" : "",
    "pooledtx" : 0,
    "stakepower" : 194,
    "testnet" : false
}
$

I thought about it for a little while but it's not obvious to me what netstakeweight and stakepower is? Also, where's the proof-of-stake difficulty?

[Balthazar]

what netstakeweight and stakepower is?

Netstakeweight is an estimation of total active stakeholders weight (in coin*day units), stakepower is your own stake weight. Stakepower field will be renamed to stakeweight in 0.4.4.

Also, where's the proof-of-stake difficulty?

getdifficulty RPC call returns an object

{
    "proof-of-work" : 247.38940663,
    "proof-of-stake" : 0.03829784,
    "search-interval" : 1
}

It contains PoW and PoS difficulty fields. But I think that this also should be added to getmininginfo output.

[Bitinvestor]

Great stuff, Balthazar. Keep up the good work!