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Author Topic: [ANN] official NovaCoin thread - the original PoS+scrypt coin. --POOL LIST--  (Read 249081 times)
cabin
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June 29, 2013, 12:56:23 PM
 #661

53% interest? Isn't that crazy high?

Yes, it's high at the moment but I think it will go down fairly quickly as the difficulty rises.

Not really.. if the difficulty shot up from 0.04 all the way to say 40 then the interest rate would still be:

1 / (40/0.001) ^ 1/6 = 17.09%

It depends on what a reasonable range for d is.. but the 1/6 power really keeps the changes slow.
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June 29, 2013, 02:09:48 PM
 #662

PoS emission will cause the slow raising of total network stake weight. Higher network stake weight will cause higher difficulty and lower interest. But maybe we will change power to 1/4 before protocol freeze, will see later.

P.S. Current PoS difficulty is 3.8 in PPCoin, for example.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
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June 29, 2013, 02:17:15 PM
 #663

53% interest? Isn't that crazy high?
This could be compared with PoW mining profit rate.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
Bitinvestor
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June 29, 2013, 04:58:25 PM
 #664

53% interest? Isn't that crazy high?

Yes, it's high at the moment but I think it will go down fairly quickly as the difficulty rises.

Not really.. if the difficulty shot up from 0.04 all the way to say 40 then the interest rate would still be:

1 / (40/0.001) ^ 1/6 = 17.09%

It depends on what a reasonable range for d is.. but the 1/6 power really keeps the changes slow.

It's impossible to predict with certainty what will happen to the difficulty. Having said that, I don't think that the difficulty will rise linearly. My guess is that it will rise exponentially, but I could be wrong!

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cabin
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June 29, 2013, 06:40:52 PM
 #665

53% interest? Isn't that crazy high?

Yes, it's high at the moment but I think it will go down fairly quickly as the difficulty rises.

Not really.. if the difficulty shot up from 0.04 all the way to say 40 then the interest rate would still be:

1 / (40/0.001) ^ 1/6 = 17.09%

It depends on what a reasonable range for d is.. but the 1/6 power really keeps the changes slow.

It's impossible to predict with certainty what will happen to the difficulty. Having said that, I don't think that the difficulty will rise linearly. My guess is that it will rise exponentially, but I could be wrong!

I think it scales with the number of users who are mining on full nodes (and the amount of stake they are mining with). It may not scale that fast and as the hardware demands of running a full node increase it may even start to drop at some point.
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June 29, 2013, 07:15:02 PM
 #666

I think it scales with the number of users who are mining on full nodes (and the amount of stake they are mining with). It may not scale that fast and as the hardware demands of running a full node increase it may even start to drop at some point.

You don't seem to know how proof-of-stake mining works and I'm too lazy to explain it to you. Please read the PPCoin paper:

http://www.ppcoin.org/static/ppcoin-paper.pdf


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June 29, 2013, 07:25:19 PM
 #667

I think it scales with the number of users who are mining on full nodes (and the amount of stake they are mining with). It may not scale that fast and as the hardware demands of running a full node increase it may even start to drop at some point.
PoS difficulty depends on available coin*day weight only. There is no dependence on hardware.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
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July 01, 2013, 04:27:29 AM
 #668

I'm trying to setup novacoin p2pool, I get the following error code:

Code:
p2pool.util.jsonrpc.NarrowError: -22 Block decode failed
2013-07-01 12:26:05.170680 > Error submitting block: (will retry)
2013-07-01 12:26:05.170821 > Traceback (most recent call last):
2013-07-01 12:26:05.171653 >   File "/usr/lib/python2.7/dist-packages/twisted/internet/defer.py", line 545, in _runCallbacks
2013-07-01 12:26:05.171784 >     current.result = callback(current.result, *args, **kw)
2013-07-01 12:26:05.171873 >   File "/usr/lib/python2.7/dist-packages/twisted/internet/defer.py", line 1095, in gotResult
2013-07-01 12:26:05.171950 >     _inlineCallbacks(r, g, deferred)
2013-07-01 12:26:05.172025 >   File "/usr/lib/python2.7/dist-packages/twisted/internet/defer.py", line 1037, in _inlineCallbacks
2013-07-01 12:26:05.172133 >     result = result.throwExceptionIntoGenerator(g)
2013-07-01 12:26:05.172210 >   File "/usr/lib/python2.7/dist-packages/twisted/python/failure.py", line 382, in throwExceptionIntoGenerator
2013-07-01 12:26:05.172303 >     return g.throw(self.type, self.value, self.tb)
2013-07-01 12:26:05.172376 > --- <exception caught here> ---


Can some one help me?

This is accont of CMC dev team.
Please donate CMC to us:
C9F6XmSESpKJVRjc2DkRZh1w6Ch53abRxL
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July 01, 2013, 05:44:36 AM
 #669

It seems  that you are trying to start nvc p2pool alongside nvc fork with modified rewarding system. It's impossible without p2pool modification.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
vindimy
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July 01, 2013, 05:01:59 PM
 #670

I ended up dropping NVC from supported coins list but you guys are more than welcome to start your own novacointip bot (the code is open-source). Cheers!

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July 06, 2013, 11:38:42 AM
 #671

http://cryptocoinexplorer.com:6750/block/c7c90a2dd98e86664b206ad7fab812b4bbf437a32f3764e924cf6aeee98ec86f

 Shocked Shocked

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
z0rr0
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July 07, 2013, 09:21:30 PM
 #672

Found PPS 3.7% Novacoin pool: https://hynodeva.com/
Payouts every half hour, seems fair and no problems so far.
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July 14, 2013, 02:17:01 PM
 #673

Upgrade reminder

6 days remaining to PoW target spacing switch (120 minutes ==> 30 minutes). You should upgrade to 0.4.2 at least.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
BitJohn
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July 15, 2013, 01:46:44 AM
 #674

Upgrade reminder

6 days remaining to PoW target spacing switch (120 minutes ==> 30 minutes). You should upgrade to 0.4.2 at least.
Well get our pool and exchange updated.
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July 15, 2013, 04:38:46 AM
 #675

Hey could OP add my pool to the first post list?  Would appreciate it.

Thanks.

Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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July 19, 2013, 05:58:09 PM
 #676

I'll ask him today.

~6 hours remaining to PoW spacing switch.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
feeleep
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July 19, 2013, 08:13:16 PM
 #677

Novacoin supporters - will you support growing pool?

http://nvc.coinmine.pl

Currently it is PPLNS but one hashrate is stable I plan to switch it to PPS, but need your cards here Smiley

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July 20, 2013, 12:42:48 AM
 #678

~6 hours remaining to PoW spacing switch.
Switched successfully.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
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July 23, 2013, 02:20:03 PM
 #679

Total PoW hashrate is at 1.28 Gh/s and growing.

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
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July 25, 2013, 09:23:52 AM
 #680

1.72 GH/s.

BTC-e new pairs voting:

https://bitcointalk.org/index.php?topic=262219.0

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (6GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
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