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Question: [CLOSED] Round 2. Should we increase the minimum recommended tx fee in order to motivate PoW-miners (this will also increase the deflation rate)?
1) change to 0.00001000
2) leave the  0.00000001

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Author Topic: [ANN] 42-coin Development Discussion Thread  (Read 70082 times)
Ucicha
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March 20, 2018, 12:41:55 PM
 #1221

After closer examination, I would change my vote.

Change to higher fee regardless.
Since wouldn't there be fewer and fewer tx over time?
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IMZ
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March 21, 2018, 08:16:37 AM
 #1222

After closer examination, I would change my vote.

Change to higher fee regardless.
Since wouldn't there be fewer and fewer tx over time?

I am happy to pay higher fees to reward those securing our network.
LycheeBit
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March 21, 2018, 12:26:57 PM
 #1223


Hi ! 42-coin is available on LycheeBit.
Happy mining Smiley



Mining 42-coin with scrypt algo :

  • Stratum  : lycheebit.com:3433 (fully NiceHash compatible & optimized)
  • User     : YOUR_42_ADDRESS
  • Password : c=42

LycheeBit info :


Mining software :


Examples of command line :

  • Nvidia   : ccminer.exe -a scrypt -o stratum+tcp://lycheebit.com:3433 -u XXXXXXXXXXXXXXXXXXXX -p c=42
  • AMD      : sgminer.exe -k scrypt -o stratum+tcp://lycheebit.com:3433 -u XXXXXXXXXXXXXXXXXXXX -p c=42

Peers list :

  • addnode=77.52.17.60:4242
  • addnode=93.115.61.74:4242
  • addnode=74.91.126.189:4242
  • addnode=209.239.121.83:4242
  • addnode=94.45.144.124:4242
  • addnode=188.165.218.169:4242
  • addnode=73.211.90.130:4242
  • addnode=46.105.63.132:4242
  • addnode=94.23.211.210:4242
  • addnode=79.137.57.54:4242
  • addnode=[2001:0:5ef5:79fb:3c6c:170f:e816:b7e1]:4242
  • addnode=47.146.135.163:4242
  • addnode=[2001:0:5ef5:79fb:10ed:76a:bb3c:e307]:4242
  • addnode=173.212.202.33:4242
  • addnode=[2001:41d0:2:a5a9::]:4242
  • addnode=178.92.94.60:4242


LycheeBit - Mining pool - https://www.lycheebit.com
Lasergun
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March 21, 2018, 10:42:25 PM
 #1224

42-coin Discord Chat: https://discord.gg/ge2gUHy (if you have not already seen).
Lasergun
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March 21, 2018, 10:45:01 PM
 #1225


Hi ! 42-coin is available on LycheeBit.
Happy mining Smiley

Thank You.




And one more pool with a blockexplorer and a list of nodes:

http://secretpool.ru

Config. example:

Code:
-o stratum+tcp://secretpool.ru:3433 -u Your42Address -p c=42
Ucicha
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March 22, 2018, 09:00:56 AM
 #1226

I am not formally educated to find a thing but would really like to confirm someting so asking for help...I started learning to code/about coding a few days ago on my own, and I have grasped the basic principle of what is happening.

Where can I take a look at the "math/physics"/original code of 42? (like a notepad file or something I can start reading)
Is it a very complex, almost infinite "while" loop with probabilities ranging <0.00000001<x<1?
please pardon my lack of better terminology
Lasergun
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March 22, 2018, 09:49:33 AM
 #1227

Where can I take a look at the "math/physics"/original code of 42?

https://github.com/42-coin/42
Ucicha
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March 23, 2018, 12:00:57 PM
 #1228

What would be the target space/length of the hashes, if im formulating this right?
Lasergun
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March 23, 2018, 01:15:27 PM
 #1229

What would be the target space/length of the hashes, if im formulating this right?

This is a specified time span between the blocks to which the network aspires.  More details in wiki: https://en.bitcoinwiki.org/wiki/42-coin.
Than-Ioan
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March 23, 2018, 07:35:52 PM
 #1230

Withdrawals  at TradeSatoshi are not working today...they  promised that they will fix the issue 'soon'!
UPDATE: 3/24/2018 Withdrawals back again!
IMZ
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March 24, 2018, 03:50:30 AM
 #1231

Nova is supposed to re-open deposits early next month. And I am patiently patiently working on the DEXchanges: much more complicated than I understood, and very interesting.

EDIT: and do you know we have four undeveloped pairs on Tradesatoshi? -BTC, -DOGE, -LTC, -BCH
IMZ
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March 26, 2018, 12:15:18 AM
 #1232

Withdrawals  at TradeSatoshi are not working today...they  promised that they will fix the issue 'soon'!
UPDATE: 3/24/2018 Withdrawals back again!

Got any advice/insight into Tradesatoshi, Than? I would like to give them a trial.
Ucicha
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March 26, 2018, 03:48:27 PM
 #1233

I used Tradesatoshi, had minor GUI issues (had to reload page), otherwise everything works. They used to have an open chat, it was first restricted with rules a few weeks ago, and now it has been removed(chat was mostly just FUD spam and p2p trade, and fortunetelling). I had a positive experience when I opened my support ticked. Overall good exchange but low volume of trade.
IMZ
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March 27, 2018, 10:49:32 AM
 #1234

Nice review, Ucicha!

I know it's an unpopular view, but I still think that putting volume on the exchanges we already have is the first step towards . . . everything else, including getting new listings.

And there's a little traffic on the Discord channel.
IMZ
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April 02, 2018, 12:05:10 AM
 #1235

Whooo! I've finally started trialling Tradesatoshi.
Ucicha
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April 03, 2018, 01:43:37 PM
 #1236

Tradesatoshi withdrawals not going through at the moment, stuck on pending, will post update

UPDATE: working again
IMZ
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April 04, 2018, 06:51:41 AM
 #1237

https://www.coindesk.com/ethereum-asics-means-whats-next/

One thing about 42 that really interests me is the way that it 'straddles' POW and POS. I see articles about ASIC-resistance and hard forks to outflank those, and [edit ETH's] intentions to go 'full POS.' So, do I understand correctly that we are nicely positioned -- certainly being deflationary -- to manoeuvre around these issues in coming years?
cryptocommoner
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April 05, 2018, 02:47:24 PM
 #1238

https://www.coindesk.com/ethereum-asics-means-whats-next/

One thing about 42 that really interests me is the way that it 'straddles' POW and POS. I see articles about ASIC-resistance and hard forks to outflank those, and [edit ETH's] intentions to go 'full POS.' So, do I understand correctly that we are nicely positioned -- certainly being deflationary -- to manoeuvre around these issues in coming years?

I'm trying to wrap my head around the PoW + PoS model.  All of the coins have been mined already and the PoW model utilizes miners.  The PoS utilizes forgers.  Is there a dual verification happening where the transaction fees are divided between miners and a percentage to the forgers? 

The deflationary model is inherent in the name, 42-coin, where no new coins will be mined.  ETH is pushing to utilize CASPER to go full PoS to be 'greener' and decrease energy requirements.  This will not change them from being inflationary and new ETH will continue to be created.

Can somebody better explain what is exactly happening with the transaction fees with a combination of PoW and PoS?
Lasergun
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April 05, 2018, 10:04:59 PM
 #1239

https://www.coindesk.com/ethereum-asics-means-whats-next/

One thing about 42 that really interests me is the way that it 'straddles' POW and POS. I see articles about ASIC-resistance and hard forks to outflank those, and [edit ETH's] intentions to go 'full POS.' So, do I understand correctly that we are nicely positioned -- certainly being deflationary -- to manoeuvre around these issues in coming years?

Existing PoS models are not suitable to go to full PoS due to 42 very limited supply and 0 block reward, only PoS based on CoinAge is working, but very slow and it can not be the main method of transaction confirmation. Low transaction costs work in 42 as a protection mechanism against ASICs. With the current tx fee, 42 mining will not be profitable until the price is $100m+ per one coin.
Lasergun
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April 05, 2018, 10:08:36 PM
 #1240

Is there a dual verification happening where the transaction fees are divided between miners and a percentage to the forgers? 
Can somebody better explain what is exactly happening with the transaction fees with a combination of PoW and PoS?

The fees are not divided. 42 uses Proof-of-Work and Proof-of-Stake block generation methods, blocks in 42 blockchain are random, either PoW or PoS. Thus, transaction fees can either go to PoW miner or be destroyed by PoS miner. We can't predict what exactly will happen with the fees.
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