Balthazar
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Activity: 3108
Merit: 1359
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June 29, 2013, 02:09:48 PM |
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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.
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Balthazar
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Activity: 3108
Merit: 1359
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June 29, 2013, 02:17:15 PM |
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53% interest? Isn't that crazy high?
This could be compared with PoW mining profit rate.
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Bitinvestor
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June 29, 2013, 04:58:25 PM |
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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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Those who cause problems for others also cause problems for themselves.
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cabin
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June 29, 2013, 06:40:52 PM |
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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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Bitinvestor
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June 29, 2013, 07:15:02 PM |
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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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Those who cause problems for others also cause problems for themselves.
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Balthazar
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Activity: 3108
Merit: 1359
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June 29, 2013, 07:25:19 PM |
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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.
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cosmoscoin
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July 01, 2013, 04:27:29 AM |
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I'm trying to setup novacoin p2pool, I get the following error 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?
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This is accont of CMC dev team. Please donate CMC to us: C9F6XmSESpKJVRjc2DkRZh1w6Ch53abRxL
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Balthazar
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Activity: 3108
Merit: 1359
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July 01, 2013, 05:44:36 AM |
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It seems that you are trying to start nvc p2pool alongside nvc fork with modified rewarding system. It's impossible without p2pool modification.
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Balthazar
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Activity: 3108
Merit: 1359
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July 06, 2013, 11:38:42 AM |
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z0rr0
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July 07, 2013, 09:21:30 PM |
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Found PPS 3.7% Novacoin pool: https://hynodeva.com/Payouts every half hour, seems fair and no problems so far.
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Balthazar
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Activity: 3108
Merit: 1359
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July 14, 2013, 02:17:01 PM |
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Upgrade reminder
6 days remaining to PoW target spacing switch (120 minutes ==> 30 minutes). You should upgrade to 0.4.2 at least.
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BitJohn
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July 15, 2013, 01:46:44 AM |
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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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flound1129
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July 15, 2013, 04:38:46 AM Last edit: July 15, 2013, 04:25:20 PM by flound1129 |
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Hey could OP add my pool to the first post list? Would appreciate it.
Thanks.
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Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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Balthazar
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Activity: 3108
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July 19, 2013, 05:58:09 PM |
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I'll ask him today.
~6 hours remaining to PoW spacing switch.
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feeleep
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Activity: 1197
Merit: 1000
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July 19, 2013, 08:13:16 PM |
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Novacoin supporters - will you support growing pool? http://nvc.coinmine.plCurrently it is PPLNS but one hashrate is stable I plan to switch it to PPS, but need your cards here
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Balthazar
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Activity: 3108
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July 20, 2013, 12:42:48 AM |
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~6 hours remaining to PoW spacing switch.
Switched successfully.
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Balthazar
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Activity: 3108
Merit: 1359
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July 23, 2013, 02:20:03 PM |
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Total PoW hashrate is at 1.28 Gh/s and growing.
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Balthazar
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Activity: 3108
Merit: 1359
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July 25, 2013, 09:23:52 AM Last edit: July 25, 2013, 09:47:29 AM by Balthazar |
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STT
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Activity: 4088
Merit: 1452
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July 27, 2013, 12:12:21 AM |
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Found PPS 3.7% Novacoin pool: https://hynodeva.com/Payouts every half hour, seems fair and no problems so far. Could be best for new/small miners Is there a lending website for NVC or place that pays savers
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