[ANN] ** NEW SITE bitgem.pw ** BTG BitGem 0.4.9.ALPHA1 | COLORED COINS | FAUCET

[mineral]

can this be right i'm showing no network hash


"blocks" : 9535,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 1.28656406,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "pooledtx" : 0,
    "testnet" : false

Yes, it is PoS / PoW. Not hashrate is shown because it is difficult to stablish it accurately. It is common to PoS coins.

[1713916164]

1713916164

[1713916164]

1713916164

[1713916164]

1713916164

[mineral]

can this be right i'm showing no network hash


"blocks" : 9535,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 1.28656406,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "pooledtx" : 0,
    "testnet" : false

I dont think the old bitgem displayed networkhash right either

No, but I could to add an estimated PoW hashrate, just like yacoin do it.

[mineral]

This 1.07 carat, j-color, vvs2 clarity, good cut proporcions, oval shaped sapphire is about 1 BTG.

[YukonCoinelius]

Hi, mineral, I think there's a problem with BitGem ProofOfStake minting. It's rounding the reward to 2 decimals, which is too small - I am just seeing 0.00 reward which = 0, no reward.

I think this is caused by: in the original PPCoin the starting block reward was 10000 so a 0.01 rounding cutoff made sense. For BitGem starting at 3, the scaling is 3000 times smaller, so we need at least 4 more decimals. So the rounding should go to 0.000001

I think this is the same problem as addressed by BitBardev, here: https://bitcointalk.org/index.php?topic=196125.100

Seems all the coins that derive from PPCoin and scale down the coinage amounts are going to have this problem, and should patch it. (Like BitGem, YACoin, BitBar, etc). For YACoin and Novacoin starting at 100, seems the rounding should be at least 2 extra decimals to 0.0001

mineral, can you patch this quickly? It's wasting the early stake mining power.

By the way, excellent work on the getgems encoding idea! I am writing up an extended proposal/points-of-discussion for it and will send shortly.

[mineral]

Hi, mineral, I think there's a problem with BitGem ProofOfStake minting. It's rounding the reward to 2 decimals, which is too small - I am just seeing 0.00 reward which = 0, no reward.

I think this is caused by: in the original PPCoin the starting block reward was 10000 so a 0.01 rounding cutoff made sense. For BitGem starting at 3, the scaling is 3000 times smaller, so we need at least 4 more decimals. So the rounding should go to 0.000001

I think this is the same problem as addressed by BitBardev, here: https://bitcointalk.org/index.php?topic=196125.100

Seems all the coins that derive from PPCoin and scale down the coinage amounts are going to have this problem, and should patch it. (Like BitGem, YACoin, BitBar, etc). For YACoin and Novacoin starting at 100, seems the rounding should be at least 2 extra decimals to 0.0001

mineral, can you patch this quickly? It's wasting the early stake mining power.

By the way, excellent work on the getgems encoding idea! I am writing up an extended proposal/points-of-discussion for it and will send shortly.

PoS reward is set up accodiing BTG bulk, so stake reward is too small, but still is subsidzied (just is not printed with all decimals in tx info).

[MobGod]

I was just going to ask if there was something wrong i've been solo for 2 hours with not even one accept or one reject is that normal ?

[mineral]

I was just going to ask if there was something wrong i've been solo for 2 hours with not even one accept or one reject is that normal ?

uhmmmm .. difficulty is doubled now respect a few days ago. What is your hash power?

[MobGod]

I was just going to ask if there was something wrong i've been solo for 2 hours with not even one accept or one reject is that normal ?

uhmmmm .. difficulty is doubled now respect a few days ago. What is your hash power?

Not much 1100

[mineral]

I was just going to ask if there was something wrong i've been solo for 2 hours with not even one accept or one reject is that normal ?

uhmmmm .. difficulty is doubled now respect a few days ago. What is your hash power?

Not much 1100

There are some solo miners, but they have got great  hash power.

Try the pool http://btg.binarycoins.eu

[juve4v]

What I dont understand is why  BTG is not on traded on cryptsy yet...I mean with such an active dev and interesting concept.

[YukonCoinelius]

PoS reward is set up accodiing BTG bulk, so stake reward is too small, but still is subsidzied (just is not printed with all decimals in tx info).

The stake miner is finding blocks, but my balance does not seem to be going up, I'm not getting any credit.  listtransactions shows that the 3 coin stakes are just being put back as 3 coins, no additional reward.
In the debug.log it says

CPUMiner : proof-of-stake block found ...
generated 0.00

Are you saying it really is giving a small decimal credit, but just not showing that?  So just a printing error?  Or the value is soooo small it's in the 10th decimal or something?

But my understanding from the Bitbardev posting I linked is that it's actually rounding down to exactly 0.

This is bad because (N-stake-blocks-mined * 0) = 0 credit
whereas (N-stakes * tinydecimal) at least equals something.

We should not have to wait til 100k's BitGems are mined in the total supply to start getting a stake reward.  While the moneysupply is small, a small stake reward is still at least proportionately reasonable, much better than 0.


If you say there actually is a tiny credit to the overall balance occurring, I will check the total balance more carefully, but so far looks like 0.

Maybe you can have a look at what Bitbardev mentioned/fixed for Bitbar, which is a related codebase to BitGem.  Looks like same issue.
At https://bitcointalk.org/index.php?topic=238608.0  and https://bitcointalk.org/index.php?topic=196125.100

Low diff is why even small transactions can make PoS blocks after very small amount of time, and the reward is minimal.
rounding is up to 2 decimals, rounddown.  Super small rewards ale below rounding are not paid.
ex:
reward of 3.432353 is rounded to 3.43
reward of 3.439865 is rounded to 3.43
reward of 0.009234 is rounded to 0.00

PoS difficulty is very low. Low diff is why even small transactions can make PoS blocks after very small amount of time, and the reward is minimal. Rounding was up to 2 decimals, rounding down. Super small rewards were below rounding and not paid.
new 0.4.1 update:
- no more rounding starting from block 12500 [23.06.2013]

[mineral]

What I dont understand is why  BTG is not on traded on cryptsy yet...I mean with such an active dev and interesting concept.

The goal is to remain in the time as long as possible; it is not a deal to be exchanged soon and go down at first week ...

For now, 4Cs gemstone model implementation is a simple approach for building a basic a gem infraestructure. The path is to build more translators and some gui display for aiding in  translate  BTG  and  gemstones with customizable properties. Of course, all ideas are wellcomed.

[collapse]

The stake miner is finding blocks, but my balance does not seem to be going up, I'm not getting any credit.  listtransactions shows that the 3 coin stakes are just being put back as 3 coins, no additional reward.
In the debug.log it says

43 POS blocks found total reward Nothing . Shutdown,...

[BitJohn]

What I dont understand is why  BTG is not on traded on cryptsy yet...I mean with such an active dev and interesting concept.

bitgem is on the list for cryptsy.com

[mineral]

The stake miner is finding blocks, but my balance does not seem to be going up, I'm not getting any credit.  listtransactions shows that the 3 coin stakes are just being put back as 3 coins, no additional reward.
In the debug.log it says

43 POS blocks found total reward Nothing . Shutdown,...

it is showed 0.00 TWO DECIMALS.
 Stake is 100 times smaller than NVC or BTB, PoS reward is 0.015 CENTS / YEAR, so stake is very low because there is only 17.000 BTGs. Otherwise, inflaction would kill the coin.

[YukonCoinelius]

The stake miner is finding blocks, but my balance does not seem to be going up, I'm not getting any credit.  listtransactions shows that the 3 coin stakes are just being put back as 3 coins, no additional reward.
In the debug.log it says

43 POS blocks found total reward Nothing . Shutdown,...

it is showed 0.00 TWO DECIMALS.
 Stake is 100 times smaller than NVC or BTB, PoS reward is 0.015 CENTS / YEAR, so stake is very low because there is only 17.000 BTGs. Otherwise, inflaction would kill the coin.

Yes, but if what BitBardev said and fixed is accurate, what is actually happening is it's getting chopped, truncated, always rounded down to 0.  Even if the reward is 0.009,  if you get 100 or 1000 of them then you get something.  But if every little piece gets chopped to 0, then it can never add up to more than 0.

I think a fix is needed on this.  We should investigate what they did for bitbar. 

[mineral]

The stake miner is finding blocks, but my balance does not seem to be going up, I'm not getting any credit.  listtransactions shows that the 3 coin stakes are just being put back as 3 coins, no additional reward.
In the debug.log it says

43 POS blocks found total reward Nothing . Shutdown,...

it is showed 0.00 TWO DECIMALS.
 Stake is 100 times smaller than NVC or BTB, PoS reward is 0.015 CENTS / YEAR, so stake is very low because there is only 17.000 BTGs. Otherwise, inflaction would kill the coin.

Yes, but if what BitBardev said and fixed is accurate, what is actually happening is it's getting chopped, truncated, always rounded down to 0.  Even if the reward is 0.009,  if you get 100 or 1000 of them then you get something.  But if every little piece gets chopped to 0, then it can never add up to more than 0.

I think a fix is needed on this.  We should investigate what they did for bitbar.  

I understand what you say, but it is showed 2 decimals, not sure if it is 0.001 or 0.0000015, what  would be the right PoS reward / month / COIN.  About truncate it is not sense, because  it is showed in my balance until 6 decimals -what is not meaning it was truncated to 6 decimals-. Wait until all Pos blocks was mined and it is sure you will get the total PoS reward.

[mineral]

BitGem is in PPC marketplace http://ppcoin.org/market !!

[octal42]

Would it be possible to get a description of this new feature you are adding?  I don't really understand it.

Does each block mined have these properties?  How are they determined?  Does this mean that some BTG are worth more than others because of different properties?

[mineral]

Would it be possible to get a description of this new feature you are adding?  I don't really understand it.

Does each block mined have these properties?  How are they determined?  Does this mean that some BTG are worth more than others because of different properties?

The idea you say is related to colored (and weighted) coins.

This is a model for taking into account gems properties in our balance. It is just a  simple 4Cs gemstones infraestructure for, for example, in a future trading with specific gems rather just numbers, interchanging gem-credentials.

For now, just typing in console RPC command getgems, for translating your balance to specific gem, playing with carats, clarities, cuts, colors and shapes. .