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

[erk]

Do you have to leave your wallet open 24/7 for the PoS thing to work?

Are there any settings required to enable it other than just coins in your wallet?

[1713525625]

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[1713525625]

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[1713525625]

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[1713525625]

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[Balthazar]

Difficulty   407.7917 

[Balthazar]

Do you have to leave your wallet open 24/7 for the PoS thing to work?

No, that's not neccessary.

Are there any settings required to enable it other than just coins in your wallet?

No, it's enabled by default and there are no configuration options.

[satriani]

when we can see the sample of NVC logo and banner?

[Balthazar]

when we can see the sample of NVC logo and banner?

Currently I have almost enough BTC and perform sha256 mining to get remaining part of BTC for prizes.

http://s017.radikal.ru/i443/1310/ea/c50c338fce15.png

 

There is a delay, which caused by hacking of forum. The voting is planned to start soon, maybe a week later.

[Balthazar]

MicroGuy
How to create account? I can't find an option for this...  

[satriani]

maybe it will be better to start the fundation and the fundation could pay for something like logo/banner or other promo thing

[Balthazar]

New graphs available here http://novaco.in/

Site is under construction currently, maintained by Zloy (4J2Z52SFYduwjgAoMJDAB4hQFsnXUeinGZ for donations).

[xchrix]

New graphs available here http://novaco.in/

Site is under construction currently, maintained by Zloy (4J2Z52SFYduwjgAoMJDAB4hQFsnXUeinGZ for donations).

nice chart!!

[Balthazar]

Explorer engine development is done. Web UI development is at very early stage:

http://explorer.novaco.in/

Engine is written in pure C and doesn't require novacoin client for working. This software will be published under GNU AGPL conditions.

[penek]

Congratulations! http://explorer.novaco.in/block/ae49b63c885bb5858b9d3a1ff64b654471f76e9c60d2261a221ffd0b76d3da26

[captainfuture]

We have successfully upgraded our pools to stratum with vardiff:


https://coinex.pw/mining/pools/NVC

[Mike270]

nTimeWeight calculation

Originally it was planned to start nTimeWeight from zero at the 30-day min age. This should increase active coins participating the hash and provide additional security when proof-of-stake difficulty is low.

Anyway, this feature is disabled for now and needs some discussion.

https://github.com/CryptoManiac/novacoin/commit/b9289ef1acf9c6c6146c573955443f555abb9351

It's planned to enable this since 1 Jan 2014 if there will be no negative effects discovered.

Hi Balthazar,
I would like to congratulate you on a the implementation of the coin control Feature,
I think it's what was missing, and even though I did not yet use it for creating an actual Transaction,
I played around with it a bit, and yep... that's what we have needed :-)

regarding the nTimeWeight changes I talked to a few People who are dedicated fans of NovaCoin (as I too have become) and the Consensus is quite clear: we think it's a bad idea.
I would probably do something along These lines if it were activated:
Put Money into a wallet, and then take it offline for half a year or longer before taking it back online for PoS Generation, to not "risk" having a PoS after 40 days for which you get only paid for 10 days, i.e. only 25% of the actual Holding time.

I'm Aware that this is not in the interest of the network, so I'm heavily against it - imo the strength in NVC is for storing value with inbuilt hedge against coin Devaluation thanks to PoS. And the recent strength (in NVC/USD) during the recent Price rise in btc/usd Shows this quite well, seeing how most other coins took heavy losses in that time.

Kind regards
Mike

[Bitinvestor]

I would like to congratulate you on a the implementation of the coin control Feature,
I think it's what was missing, and even though I did not yet use it for creating an actual Transaction

Congratulations from me too, but it's still a little buggy. I did create a transaction and I noticed that the actual fee was half than what Coin Control said it would be.

[Balthazar]

regarding the nTimeWeight changes I talked to a few People who are dedicated fans of NovaCoin (as I too have become) and the Consensus is quite clear: we think it's a bad idea.
I would probably do something along These lines if it were activated:
Put Money into a wallet, and then take it offline for half a year or longer before taking it back online for PoS Generation, to not "risk" having a PoS after 40 days for which you get only paid for 10 days, i.e. only 25% of the actual Holding time.

Rewards are calculated from actual age and there are no plans to change it. nTimeWeight isn't used for rewards calculation, this variable is used for kernel hashes target calculation only and doesn't affect rewards.

Congratulations from me too, but it's still a little buggy. I did create a transaction and I noticed that the actual fee was half than what Coin Control said it would be.

Coin Control is experimental feature and isn't quite ready for production yet... 0.4.4.5 will be released in the next few weeks, this release will include some serious CC fixes.

[Mike270]

regarding the nTimeWeight changes I talked to a few People who are dedicated fans of NovaCoin (as I too have become) and the Consensus is quite clear: we think it's a bad idea.
I would probably do something along These lines if it were activated:
Put Money into a wallet, and then take it offline for half a year or longer before taking it back online for PoS Generation, to not "risk" having a PoS after 40 days for which you get only paid for 10 days, i.e. only 25% of the actual Holding time.

Rewards are calculated from actual age and there are no plans to change it. nTimeWeight isn't used for rewards calculation, this variable is used for kernel hashes target calculation only and doesn't affect rewards.

Hm, would you mind explaining, what it is this Change actually does? From the comments, I then don't quite get it (and I'm confused about this "active coins participating").
Thanks a lot!

Congratulations from me too, but it's still a little buggy. I did create a transaction and I noticed that the actual fee was half than what Coin Control said it would be.

Coin Control is experimental feature and isn't quite ready for production yet... 0.4.4.5 will be released in the next few weeks, this release will include some serious CC fixes.

I read in this thread that it's being tested, but when I saw it in http://sourceforge.net/projects/novacoin/files/ and not in http://sourceforge.net/projects/novacoin/files/experimental/ , I was of course assuming that it's already production Quality...
So perhaps it should be moved there, and to avoid confusion give it a new Name like 0.4.4.6 for the bugfixed Version :-)

Thanks & Kind regards
Mike

EDIT: The coin control Features are also included when you build from source from github master tree.

[satriani]

CAP on POS reward will be 10NVC? and when?

[Bitinvestor]

CAP on POS reward will be 10NVC? and when?

Since last Sunday (October 20).

[satriani]

ok - how much time should i wait for POS reward from 100NVC imput after 30days. more then 3days?

[Bitinvestor]

ok - how much time should i wait for POS reward from 100NVC imput after 30days. more then 3days?

It's a random process and it could take more than 3 days, yes.