[ANN] [PoW+PoS+ERC20] PoWAdv mineable ethereum Token!

[PhDumb]

In solo mining we would need to pay a lot of gas for the solution to be broadcasted at first as they would come rapidly, don´t we? At least that was the case when 0xBTC was started. When the difficulty increases this should become less of an issue

[Tiffanya]

Keep up the good work, I look forward to the success of this project! Good luck

[leeroy.coindeal]

In solo mining we would need to pay a lot of gas for the solution to be broadcasted at first as they would come rapidly, don´t we? At least that was the case when 0xBTC was started. When the difficulty increases this should become less of an issue

Our contract adjust the difficulty much offten every 64 block! dynamical than 0xBTC (every 1000 block), it can avoid the transaction being clogged and waste the gas.

[efex83]

Why can the ECR20 project still be excavated? Can someone explain it to me?

There are already several such projects. This one, for example - 0xBitcoin:
https://medium.com/@admazzola/the-case-for-the-mineable-erc20-token-78cbb4c34331

Edit: here is a concept outlined: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

Our project inspired by 0xBitcoin, but we cannot be aggree with the concept that peoples should waste electricity and run huge mining capacity for mining. With POWA we changed the mining method, which more likely based on Token Holding than pure computation power.

Mining capacity = Computation power * Block Holding^2.  (1 Block = 250 Token)

that still means that you centralize your token to the miners. whoever is in early and mines most, will actually benefit disproportionately.

i was waiting for another mineable erc-20. i have big hopes.

[crypto4pizza]

,

[leeroy.coindeal]

Why can the ECR20 project still be excavated? Can someone explain it to me?

There are already several such projects. This one, for example - 0xBitcoin:
https://medium.com/@admazzola/the-case-for-the-mineable-erc20-token-78cbb4c34331

Edit: here is a concept outlined: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

Our project inspired by 0xBitcoin, but we cannot be aggree with the concept that peoples should waste electricity and run huge mining capacity for mining. With POWA we changed the mining method, which more likely based on Token Holding than pure computation power.

Mining capacity = Computation power * Block Holding^2.  (1 Block = 250 Token)

that still means that you centralize your token to the miners. whoever is in early and mines most, will actually benefit disproportionately.

i was waiting for another mineable erc-20. i have big hopes.

Mining cannot be centralized, unless anyone can join for it. Just think about it, where is the difference if someone got 10 High-end GPU or Hold 10.000 Token. The only difference GPUs are using electricity.

[efex83]

Why can the ECR20 project still be excavated? Can someone explain it to me?

There are already several such projects. This one, for example - 0xBitcoin:
https://medium.com/@admazzola/the-case-for-the-mineable-erc20-token-78cbb4c34331

Edit: here is a concept outlined: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

Our project inspired by 0xBitcoin, but we cannot be aggree with the concept that peoples should waste electricity and run huge mining capacity for mining. With POWA we changed the mining method, which more likely based on Token Holding than pure computation power.

Mining capacity = Computation power * Block Holding^2.  (1 Block = 250 Token)

that still means that you centralize your token to the miners. whoever is in early and mines most, will actually benefit disproportionately.

i was waiting for another mineable erc-20. i have big hopes.

Mining cannot be centralized, unless anyone can join for it. Just think about it, where is the difference if someone got 10 High-end GPU or Hold 10.000 Token. The only difference GPUs are using electricity.

that is kind of the point im trying to make. this mechanism is reducing the group of beneficiaries from all (=decentralized) to a select few (sha=asics, eth=most gpus, PoWAdv=hodlers | => centralized)

[leeroy.coindeal]

Why can the ECR20 project still be excavated? Can someone explain it to me?

There are already several such projects. This one, for example - 0xBitcoin:
https://medium.com/@admazzola/the-case-for-the-mineable-erc20-token-78cbb4c34331

Edit: here is a concept outlined: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

Our project inspired by 0xBitcoin, but we cannot be aggree with the concept that peoples should waste electricity and run huge mining capacity for mining. With POWA we changed the mining method, which more likely based on Token Holding than pure computation power.

Mining capacity = Computation power * Block Holding^2.  (1 Block = 250 Token)

that still means that you centralize your token to the miners. whoever is in early and mines most, will actually benefit disproportionately.

i was waiting for another mineable erc-20. i have big hopes.

Mining cannot be centralized, unless anyone can join for it. Just think about it, where is the difference if someone got 10 High-end GPU or Hold 10.000 Token. The only difference GPUs are using electricity.

that is kind of the point im trying to make. this mechanism is reducing the group of beneficiaries from all (=decentralized) to a select few (sha=asics, eth=most gpus, PoWAdv=hodlers | => centralized)

Mining is for creating value and limiting the supply issue by time. Without investing resources,"money",time... cannot be created real value. (Example: Airdrops).

[leeroy.coindeal]

Contract will be deployed tomorrow, mining will start when ETH reach the 5343100th Block!

[togethers]

THis algo for AMD or NVIDIA GPU?

[PhDumb]

Can I ask, what miner would we be able to use?

Cpuminer-opt, maybe?

[leeroy.coindeal]

Contract released on Mainnet!

Mining accepted when ETH reach 5349511th block!

https://etherscan.io/address/0x1a136ae98b49b92841562b6574d1f3f5b0044e4c

[leeroy.coindeal]

HardFork balance sent out to former PoWEth holders.

POWA is now tradeable on Forkdelta:

https://forkdelta.github.io/#!/trade/0x1a136ae98b49b92841562b6574d1f3f5b0044e4c-ETH

[leeroy.coindeal]

Bump!

[ethex]

Hello. Im mining but running into alot of errors. Do you have a discord or telegram chat?

[jbmustaq]

Hi,

If anybody can explain how to mine this coin on cpu and where it get wallet or just create a wallet in etherdelta. It would be great for newcomers like me.

[ethex]

Download the miner from github, run the miner. You'll get a eth account with private key. Then send some eth to the address for GAS money. use command 'mine' to start mining then.

[BivanF]

if i read it right we can download a miner from the first page but still we have to wait till ethereum reached block 5349511

very curious to mine this token , to bad i can only mine with cpu

[ethex]

BTW eth reached block 5349511 already. You can mine the token now!

[jbmustaq]

I am getting error "Error: Returned error: insufficient funds for gas * price + value" how to fix this error.