[ANN] 42-coin Development Discussion Thread

[Lasergun]

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

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

[1714863527]

1714863527

[1714863527]

1714863527

[1714863527]

1714863527

[Ucicha]

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]

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

https://github.com/42-coin/42

[Ucicha]

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

[Lasergun]

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]

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

[IMZ]

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]

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]

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]

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]

Whooo! I've finally started trialling Tradesatoshi.

[Ucicha]

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

UPDATE: working again

[IMZ]

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]

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]

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]

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.

[IMZ]

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, 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.

Thanks for your patience, Laser. My outfit -- you surely know some of them -- spend enormous effort analysing types of (rare) cryptos. I have devved at length on two.

Shall keep reading. (Found a 42 history that clarifies a lot of stuff, like the re-launch.) But the 'recipe' here is exciting.

[IMZ]

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.

Whoo!!

[sirslayer]

Yup!!, Lasergun is one smart cookie!!!! 

[cryptocommoner]

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.

Thank you for the quick reply!  It's very interesting that all of the blocks are random.  I think this adds to the elusiveness of this coin.  You will never know what block you will have your transaction verified through and who will be verifying it!