[ANN] Blackcoin Protocol [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine

[sumair7231]

you can now mine blackcoin With CPU, GPU or even With Browser Miner

https://bitcointalk.org/index.php?topic=4354585

[1714060465]

1714060465

[1714060465]

1714060465

[1714060465]

1714060465

[1714060465]

1714060465

[1714060465]

1714060465

[1714060465]

1714060465

[Hardunkichud]

Blackcoin Raspberry Pi staking guides courtesy of Shermand100 over in Gitter can be found here if anyone is interested- http://www.pinode.co.uk/

To be precise:
https://pinode.weebly.com/blackcoin.html 

[Qfox]

i think blackcoin game over soon

i will sell my coins

[penoze]

you can now mine blackcoin With CPU, GPU or even With Browser Miner

https://bitcointalk.org/index.php?topic=4354585

Link not working here

[Hardunkichud]

(You can't mine BLK at all, it's pure stake)

[mindphuq]

(You can't mine BLK at all, it's pure stake)

Well, you can. If you mine other coins and sell them for Blackcoin. Much as the old Blackcoinpool did.

[mindphuq]

Why then unite in pools? If the probability of getting a reward in solo-mining is equal to the probability of getting a reward in the pool (in proportion to its Stake in the pool).

For example, 50k blk is a pool. My Stake is 10k blk. The pool will pay me a reward in proportion to my Stake (10 blk). In a pool and in a solo, I get the same reward?

Pool staking only makes sense for those that don't want a Computer/Raspi running 24/7 to stake their coins. But it has two huge drawbacks:
1st you'd need to have to give all your BLK to someone else, which means you have to trust someone 100% that they don't run off with your coins.
2nd you'd harm the network's decentralisation, when the pool would have a significant amount of the network weight.

So, pool staking doesn't make much sense but brings huge risks, especially for your own coins.

[STT]

^^ it could be ok for especially small holders who anticipate growth and want to hold and come back later.   I would have to echo its risky to expect a website to just continue fine, I would be alot richer if that had not been a problem repeatedly in the past even big websites.  It breaks the golden rule, simply respect decentralisation.

(You can't mine BLK at all, it's pure stake)

If we go back 4 years, the very start or IPO if you like for BLK there was direct mining (long over and completed pow phase) but now POW is unused unless we are talking in slang for staking (POS) which does give extra BLK to users/holders (miners if you want to label it comparatively like that).   Its possible people would confuse the two.
   The old bitcoin wallets used to be able to 'mine' new coins but to do similar with BLK you'd have to have a balance of BLK in the wallet first place to stake and then you get a kind of interest is how I see it.   I wouldn't argue too much if people want to start calling it mining.    BLK isnt using GPU

The other thing would be to mine completely separate blockchains and then buy or exchange the mining proceeds into BLK.  Good idea because it can be staked and staking will not interfere with operation of a GPU so it could be considered similar to mixed mining in a rough way.

this video is interesting and mentions POS.  I did not know the staking original idea predated bitcoin usage
https://youtu.be/6xIq0FdmsIA?t=1572

See I dont agree with this guy exactly but he isnt using absolutes and mentions big known problems to me which is good for starters even if the conclusions are 'meh' as he says.    The big deal is staking is more efficient then all the energy used up by bitcoin and I think that could be make BTC secondary even.   Most economies are centred around competitive markets and efficiency, it will matter but maybe BTC improves

[CAKWAWAN]

What is the purpose and mission of this blockcoin? How does Blockcoin influence in banking and industry in this country?

[identifyuser]

I really like that Blackcoin allows you to make quick transactions. You can send money to anyone in the world in seconds!

[Hardunkichud]

(You can't mine BLK at all, it's pure stake)

Well, you can. If you mine other coins and sell them for Blackcoin. Much as the old Blackcoinpool did.

Right. I can also open a lemonade stand and buy Blackcoin with the profits, but that doesn't mean I'm squeezing Blackcoin juice. 

[xtrembash]

$0.2 for the mother of POS 2.0 & 3.0
This is so ridiculous..

[Paul33]

Take advantage of 20 cent price will be back above dollar soon

[rendravolt]

Is this a new Blackcoin thread? I've known Blackcoin for a long time exactly 4 years ago after going into the Bittrex exchange and making history so far. I also feel the profit repeatedly with Blackcoin and it is very fun.

[Verdell]

Yes rat 4. Owned the old thread and changed name too blacknet even though there is no blacknet coin this is the new black coin thread

[krzysiekj]

So there are now three cryptocurrencies either in existence, announced or in development, which are going to derive their blockchains from BlackCoin’s:

• BlackCoin itself.
• Blacknet, which is going to create initial distribution from BlackCoin’s blockchain snapshot.
• Ercoin, which I’m developing, and which is going to use BlackCoin burning to obtain initial distribution.

Thoughts?

[Verdell]

When is ercoin distribution

[Verdell]

how many ercoin will initially be distributed thru burning blackcoin

[krzysiekj]

When is ercoin distribution

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.

how many ercoin will initially be distributed thru burning blackcoin

All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

[MedaR]

When is ercoin distribution

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.

how many ercoin will initially be distributed thru burning blackcoin

All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

Lets wait OP for more informations about future of this project.

Else this looks like hijacking of topic, and this is not allowed according to the rules of the forum.