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Author Topic: POS Coins  (Read 440 times)
barwizi
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September 24, 2013, 07:46:20 PM
 #1

I think POS coins that generate relative interest are the future. CENT had a bug, but it got me thinking, GPU mining is becoming less profitable and people are becoming energy conscious. Promoting CPU mined POS coins may very well be the next step.

1) Everyone has a CPU
2) CPU mined coins allow far much more playing with code
3) Energy efficient
3) The POS enables those without large bots to join in by buying and sitting on them

Unlike in the case of CENT , i'd suggest playing with different methods of calculating Stake.
To that end i am thinking of making a clone that encompasses these values. We've tested POW and played with it, i think POS is next in line.

Specs will most likely be

2 minute blocks
scrypt-jane starting with high nfactor, maybe a week max will be GPU mineable.
10% stake, per week.
Max POW coins = 1 mill
POS max = 25 mill
1 coin per block

Before you start ranting about botnets, please consider that i can build a decent machine with an i5 processor @ the price of each of a 7950
or bulk buy used Quad-core Pcs @ 83 bucks a pop
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September 24, 2013, 07:50:19 PM
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POS coins with 'fast' blocks produce much blockchain forks. Tested many times.
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