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Author Topic: [ANN] Announcing Galaxycoin - GLX, the new PoW/PoS coin, no premine!  (Read 100379 times)
ahmed_bodi
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July 30, 2013, 08:54:05 AM
 #301

this is a great coin, diff swing makes me always get some blocks. Also the PoS blocks payout.


Again, can you explain how the PoS blocks pay out compared to PoW?  My coin didn't need PoS, cause it was very stable, are you saying it would have been better for me to include PoS, regardless?  Thanks again.


Are GLX seeing any supply on the exchange yet (coin-e), cause I wanna buy some.  I can't get my miners to mine it, nor my coin.  I really like this coin for som reason and I want to accumulate some for next year.  TIA.

PoS blocks are like interests, paid out every certain days, based on your holding of the coin. PoW blocks you actively mine it. Usually PoS is between 1%-100% annual interest rate, depends on the coins.

PoS provides the coin more resilient to 51% attack. As the attacker will need 51% hashpower and also 51% stake of the coin in order to do a 51% attack, which makes it a lot more difficult, and also with 51% stake he is unlikely to attack the coin where he is already the majority owner.

GLX has quite some trades in coins-e.com, the last trade at 0.000015 BTC/GLX.


So why in the world would my programmer leave out PoS then?  Just cause its stable?   That's absurd.  Looks like another error.  I wonder if I can add PoS without a hard fork.  This is ridiculous.  These people coding new coins need to learn their jobs.

more like u need to research how a coin works then do it urself or get a real coder to make it. if someone asked me to make a coin id just make it to the specs, nothing more nothing less. its the guy who wants coin's problem to know what the specs of the coin should be. otherwise the coder may aswell release it himself, it doesnt exactly seem like the other guy isnt doing much does it?

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July 31, 2013, 05:37:47 AM
 #302

this is a great coin, diff swing makes me always get some blocks. Also the PoS blocks payout.


Again, can you explain how the PoS blocks pay out compared to PoW?  My coin didn't need PoS, cause it was very stable, are you saying it would have been better for me to include PoS, regardless?  Thanks again.


Are GLX seeing any supply on the exchange yet (coin-e), cause I wanna buy some.  I can't get my miners to mine it, nor my coin.  I really like this coin for som reason and I want to accumulate some for next year.  TIA.

PoS blocks are like interests, paid out every certain days, based on your holding of the coin. PoW blocks you actively mine it. Usually PoS is between 1%-100% annual interest rate, depends on the coins.

PoS provides the coin more resilient to 51% attack. As the attacker will need 51% hashpower and also 51% stake of the coin in order to do a 51% attack, which makes it a lot more difficult, and also with 51% stake he is unlikely to attack the coin where he is already the majority owner.

GLX has quite some trades in coins-e.com, the last trade at 0.000015 BTC/GLX.


So why in the world would my programmer leave out PoS then?  Just cause its stable?   That's absurd.  Looks like another error.  I wonder if I can add PoS without a hard fork.  This is ridiculous.  These people coding new coins need to learn their jobs.

more like u need to research how a coin works then do it urself or get a real coder to make it. if someone asked me to make a coin id just make it to the specs, nothing more nothing less. its the guy who wants coin's problem to know what the specs of the coin should be. otherwise the coder may aswell release it himself, it doesnt exactly seem like the other guy isnt doing much does it?

^^^^^ Agree
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July 31, 2013, 07:30:09 AM
 #303

lol, you need to hire a good programmer Wink

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August 01, 2013, 02:24:05 AM
 #304

When GLX will be on cryptsy?


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monocolor
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August 01, 2013, 08:04:53 PM
 #305

When GLX will be on cryptsy?
a good question, should be soon Smiley

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arlington (OP)
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August 02, 2013, 06:57:02 AM
 #306

When GLX will be on cryptsy?
a good question, should be soon Smiley

We were on the 2nd in the list, now GLC geta listed, so we should be the 1st in the list now... hopefully soon. Be patient and keep mining Wink
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August 02, 2013, 01:57:13 PM
 #307

the client on my pool keeps crashing every 5 minutes. It is being restarted by monitoring tool but it is in a kind of loop. I will rescan everything from the beginning

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August 02, 2013, 07:54:43 PM
 #308

I have no problem of the client, tho it become very slow to mine, seems a lot people is mining at this time
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August 03, 2013, 06:41:15 AM
 #309

the client on my pool keeps crashing every 5 minutes. It is being restarted by monitoring tool but it is in a kind of loop. I will rescan everything from the beginning


it took ages but pool is back online

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August 03, 2013, 07:34:38 AM
 #310

pool is back? let me try... I can no longer solo mine it

nope, pool is not working, no one is there. Try to solo again.


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August 03, 2013, 07:35:47 PM
 #311

Version 1.3 is released (download links updated). It added more checkpoints so the client will be more secure. This is not a mandatory upgrade, but you are still encouraged to upgrade to get a more secure version.
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August 04, 2013, 04:54:57 AM
 #312

error: "minting suspended due to locked wallet"?? what mean?"?



.
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Rainbot
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August 04, 2013, 05:04:53 AM
 #313

Network Hashrate: 210.414 MH/s

so where is this other pool

LTC:  LKpJf3uk7KsHU73kxq8iFJrP1AAKN7Yni7  DGC:  DKXGvEbj3Rwgrm2QQbRyNPDDZDYoq4Y44d  XPM:  AWV5AKfLFyoBaMjg9C77rGUBhuFxz5DGGL
number37
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August 04, 2013, 05:05:50 AM
 #314

error: "minting suspended due to locked wallet"?? what mean?"?
pos coin you can't use password protected wallet I guess, as when client is up, it's try to mine pos blocks.

there are some ways to get around it, I think. Maybe I saw it in bottlecaps thread? check there.
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August 04, 2013, 06:15:05 AM
 #315

error: "minting suspended due to locked wallet"?? what mean?"?
pos coin you can't use password protected wallet I guess, as when client is up, it's try to mine pos blocks.

there are some ways to get around it, I think. Maybe I saw it in bottlecaps thread? check there.
unlock your wallet before mining

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.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
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August 04, 2013, 06:26:35 AM
 #316

error: "minting suspended due to locked wallet"?? what mean?"?
pos coin you can't use password protected wallet I guess, as when client is up, it's try to mine pos blocks.

there are some ways to get around it, I think. Maybe I saw it in bottlecaps thread? check there.
unlock your wallet before mining
why that??? how i have to do unlock wallet?Huh



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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monocolor
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August 04, 2013, 06:53:09 AM
 #317

error: "minting suspended due to locked wallet"?? what mean?"?
pos coin you can't use password protected wallet I guess, as when client is up, it's try to mine pos blocks.

there are some ways to get around it, I think. Maybe I saw it in bottlecaps thread? check there.
unlock your wallet before mining
why that??? how i have to do unlock wallet?Huh

check this and its answers below:
https://bitcointalk.org/index.php?topic=241445.msg2856561#msg2856561

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.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
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August 04, 2013, 08:55:56 PM
 #318

GLX is listed in cryptsy!! Cheesy
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August 04, 2013, 09:01:08 PM
 #319

GLX is listed in cryptsy!! Cheesy
great news! Smiley


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OATH

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Tripjammer
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August 04, 2013, 09:05:39 PM
 #320

Is there a good pool? I am solo mining but I would like a good pool to this coin.

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