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Author Topic: [ANN]Metaverse Mining Info  (Read 14350 times)
metaverse-project
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September 04, 2017, 04:33:05 AM
 #1

Metaverse is the first public Chinese blockchain project.

The Metaverse Token - Entropy
The token used by Metaverse is called Entropy (ETP). A total of 100 million ETP will be issued through a combination of Initial Coin Offerings (ICOs) and PoW mining; similar to Bitcoin, the smallest unit of Entropy is 1 x 10-8 ETP. ETP can be transferred and traded on Metaverse and will be an important factor deciding the miner of each block after MVS transitions to the PoS protocol. The security of ETP is guaranteed by the ECDSA (Elliptic Curve Digital Signature Algorithm).

ETP is not a new form of digital currency – instead, it represents the equity of Metaverse. Therefore, the price of ETP will not be anchored on any legal currency or cryptocurrency such as Bitcoin, but will depend on the demand for ETP as well as the development of Metaverse’s ecosystem.
ETP will be used to measure the value of smart properties in Metaverse or as collateral in financial transactions. Additionally, fees applied on Metaverse (to create new smart properties, register a new Avatar, designate yourself as an Oracle or invite trusted institutions to verify the assets and identities on Metaverse) must be paid in ETP.

ETP Distribution Mechanism
(1) ICO and community building
In the blockchain field, ICOs are common and the default method of token distribution. In January 2014, Bitshares launched an ICO lasting 200 days. Ethereum launched an ICO which raised a staggering 25,000 Bitcoin in July 2014.

DigixDAO and Lisk also launched their ICOs in 2016, as did the controversial TheDAO project. NEO also successfully raised 2,100 and 6,119 Bitcoins in October 2015 and September 2016 respectively.
Metaverse Project (MVS) has distributed approximately 22.6 million ETP on its first Initial Coin Offering (ICO). Another 27.4 million ETP will be used to set up Metaverse to support blockchain ICO projects conducive to the Metaverse community, facilitate investment in activities that benefit Metaverse’s ecosystem, and reward major contributors to the community.

(2) PoW and PoS mining
Additionally, about 30 million ETP will be distributed as block rewards to those who help maintain Metaverse’s system through PoW mining, which is also called ETP mining.
The block difficulty of Metaverse will adjust to match the network’s computing power. The targeted block generation time is 23 seconds and the reward for mining each block is 3 ETP. Block time and block reward are set as standard parameters; below is a graph of the amount of ETP that can be obtained through PoW mining against time in years.
The graph of the amount of ETP that can be obtained through PoW mining against time.

The decay diagram of the total rewards every hundred thousand blocks against time.



Metaverse current situation

Metaverse’s network began operating on February 11th, 2017 and has been running safely for half year now. Some of our network’s operating parameters are as follows.
Total volume: 100 million
Current turnover: 52.24 million
Mining algorithm: ethash
Average theoretical block generation speed: 24 seconds
Average practical block generation speed: 32 seconds
PoW mining reward: the reward starts at 3 ETP and will decrease by 5% every 500,000 blocks.
PoW difficulty adjustment: the difficulty is adjusted every block
Date network went online: February 11th, 2017
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QuintLeo
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September 04, 2017, 08:27:50 PM
 #2

My first reaction when I saw the title was "oh neat, can earn coin via gaming now".

 NOT a good choice for a blockchain project IMO.


 Also, doesn't the ICO part violate the recent Chinese government "ICOs are illegal money raising" ruling?

metaverse-project
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September 05, 2017, 08:56:37 AM
 #3

My first reaction when I saw the title was "oh neat, can earn coin via gaming now".

 NOT a good choice for a blockchain project IMO.


 Also, doesn't the ICO part violate the recent Chinese government "ICOs are illegal money raising" ruling?



Thanks for pointing out the shortcoming of the title.
For the Chinese regulation of ICO, allowing me to explain it a little bit.
The regulation forbids those illegal ICO but not for those finished ICO.
The specific instruct of finished ICO not come out yet.

For Metaverse, it finished its ICO on September 2016 and it's not in the censorship list of 60 ICO entities which published by Chinese government.
Metaverse team is positive for the regulation as certain regulation is good for blockchain industry.
Vario
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September 20, 2017, 07:57:49 PM
 #4

And where is Mining Info? How can I get this coin? Give more information, please
metaverse-project
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September 21, 2017, 09:17:43 AM
 #5

And where is Mining Info? How can I get this coin? Give more information, please

Download the miner file from here: https://www.dropbox.com/home?preview=etp_miner.rar
You may modify the mining and wallet addresses in start-ETP-mining.bat to yours and save them. Double-click this file and start mining.



If you would like to discuss more about mining, join our Slack team:
https://metaverse-project.herokuapp.com
Vario
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September 21, 2017, 05:57:12 PM
 #6

is it mainnet or testet? Are there any pools?
did1
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September 21, 2017, 11:16:12 PM
 #7

so little information, or I don't know how to look, found neither the algorithm nor the miner

Porticus
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September 21, 2017, 11:27:46 PM
 #8

I tried to mine it a few days ago, but the wallet makes an error, I couldn't find a way to let it work in windows...

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ●    UTRUST // The FUTURE of Online Payments    ●  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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Main-ICO | Coming soon...
did1
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September 21, 2017, 11:39:09 PM
 #9

I tried to mine it a few days ago, but the wallet makes an error, I couldn't find a way to let it work in windows...
I'm good

sorry,  huge picture

did1
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September 22, 2017, 12:11:35 AM
 #10

everything turned out to be simple.... I figured out how to mine, the pool is in the picture above (from another user)

two_btc
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September 22, 2017, 10:49:16 AM
 #11

How can we make a pool?

We already have ETC. Now we want to make ETP as well.
geth or parity?
how to download the node?
etc. etc.

Please give an advise...

https://t.me/two_btc - Telegram
http://2miners.com - Mining Pools
http://2miners.ru - Пулы для майнинга
Porticus
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September 22, 2017, 11:04:22 AM
 #12

I tried to mine it a few days ago, but the wallet makes an error, I couldn't find a way to let it work in windows...
I'm good

sorry,  huge picture

and the wallet in windows works for you? when initiating it, it makes an error..

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ●    UTRUST // The FUTURE of Online Payments    ●  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬        whitepaper     facebook     twitter     slack         ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Main-ICO | Coming soon...
jizhang88
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September 22, 2017, 11:19:58 PM
 #13

Not able to download https://www.dropbox.com/home?preview=etp_miner.rar

Is there any other URL for us to download?

Thanks in advance.
Vario
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September 23, 2017, 01:31:28 AM
 #14

Not able to download https://www.dropbox.com/home?preview=etp_miner.rar

Is there any other URL for us to download?

Thanks in advance.

https://files.slack.com/files-pri/T5Z7FUSLB-F76JMBELC/download/etp_miner.rar
from their slack
Qunenin
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September 26, 2017, 04:20:01 PM
 #15

This is already getting close to the point of failing and it hasn't gotten started. Wrong approach on the forum announcement. People are still is the midst of not understanding the China thing and that is throwing them off, plus the ICO terms are going to confuse them. Try waiting a week and rewriting the whole thing, that way they can see that China is fine and maybe they will be more perceptive.

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two_btc
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September 27, 2017, 09:29:21 AM
 #16

We've tried to set up a Metaverse mining pool for over a week.
It seemed to us that the pools that exist at the moment are located in some student apartments.
We have not received any adecvate reply.

However today we got it:
"Hi @DuDlik and for everyone else waiting for information about setting up a mining pool: our mining devs are on a business trip and don't have a stable internet connection. they're holding the guideline for setting up mining pools, but we'll upload it to Slack once we have the document"

What?

https://2bitcoins.ru/ team

https://t.me/two_btc - Telegram
http://2miners.com - Mining Pools
http://2miners.ru - Пулы для майнинга
metaverse-project
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September 28, 2017, 09:18:55 AM
 #17

We've tried to set up a Metaverse mining pool for over a week.
It seemed to us that the pools that exist at the moment are located in some student apartments.
We have not received any adecvate reply.

However today we got it:
"Hi @DuDlik and for everyone else waiting for information about setting up a mining pool: our mining devs are on a business trip and don't have a stable internet connection. they're holding the guideline for setting up mining pools, but we'll upload it to Slack once we have the document"

What?

https://2bitcoins.ru/ team

Hey, please check the latest news on Slack.
dodopool
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September 30, 2017, 09:26:25 PM
 #18

Was there a fork on this today?

best block on http://mymvs.info/ is 596114
best block on https://explorer.mvs.live is 596114

wallets stopped syncing and the only moving blockchain is at uupool best block: 596621 and counting...

dodopool
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October 01, 2017, 04:16:35 AM
 #19

network is back to normal after 9 hours of block...

new pool up and running, etp.dodopool.com Amazon AWS Dublin Servers
http://etp.dodopool.com/index.htm#/help
claymore batch file:


Code:
  setx GPU_FORCE_64BIT_PTR 0
  setx GPU_MAX_HEAP_SIZE 100
  setx GPU_USE_SYNC_OBJECTS 1
  setx GPU_MAX_ALLOC_PERCENT 100
  setx GPU_SINGLE_ALLOC_PERCENT 100
  EthDcrMiner64.exe -epool stratum+tcp://etp.dodopool.com:8008 -ewal MJjMh7F2ZuNcEQvrEK2PoMwCyqX7vJrqTV -eworker rig1 -epsw x -ftime 10 -allcoins 1 --mode 1

szafa
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October 01, 2017, 05:20:27 AM
 #20

What program start to mining?


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