[ANN][GRA] Graincoin - New PoW/PoS coin | Fast, secure | Version 1.5 Released!

[sniksen]

If I mint an orphan I am on the wrong fork, or is it possible to mint orphans at all? I got two transactions from minting, first 39GRA and then another 15GRA. Then I did not mint another GRA until 2 hours later, but it is an orphan(marked with a "?") I can't find an answer to this

Edit; I had a total of 19650GRA when I started minting and I am running v1.3.

[cryptomining]

If I mint an orphan I am on the wrong fork, or is it possible to mint orphans? I got two transactions from minting, first 39GRA and then another 15GRA. Then I did not mint another GRA until 2 hours later, but it is an orphan(marked with a "?") I can't find an answer to this

Edit; I had a total of 19650GRA when I started minting and I am running v1.3.

sounds like its working correctly and your on the right chain, sometimes my PoS blocks get orphaned aswell.

[OneEyedJack]

Is anyone else having issues syncing? I'm about 70 blocks behind and it will not go any further than that...

no. you running the new 1.3?  try erasing peers.dat  in C:\Users\your name\AppData\Roaming\Grain and restarting client.

Yeah, running 1.3 and I have added allt he nodes. I think it may be because of the PoS going out at such a slow rate. It's coming down. It's just really sloooow

[sniksen]

If I mint an orphan I am on the wrong fork, or is it possible to mint orphans? I got two transactions from minting, first 39GRA and then another 15GRA. Then I did not mint another GRA until 2 hours later, but it is an orphan(marked with a "?") I can't find an answer to this

Edit; I had a total of 19650GRA when I started minting and I am running v1.3.

sounds like its working correctly and your on the right chain, sometimes my PoS blocks get orphaned aswell.

ah ok, thanks! I got a little confused and worried there.

[Nullu]

sorry but could someone tell me how POS is generated... i understand POW is mined with CGMINER.... but what on earth does mine POS mean? As far as i knew.. Pos comes about every 2 weeks... as long as u dont move your coins... beyond that its not really mining is it..

PoS blocks are generated by a thread from the wallet. to mint pos blocks the coinage (how long your coins stayed in the wallet) is used. if you find a block, then coinage is consumed (set to zero by sending the coins to yourself) and the coins go back to your balance with a 5% interest on top. The Algorithm used is much easier then the one for generating PoW blocks, so it can be done by your cpu, saving a lot of energy.

So to generate POS you need an open wallet, encrypted for pos minting, and coins in the wallet which have enough coinage to solve the Algorithm quick enough.

I think I've misunderstood how this works. How do I encrypt for pos minting? What do I need to do with my coins in my wallet to be able to receive to PoS coins? The first post doesn't explain this.

Just keep them in your wallet and keep it online...

So I don't need to send them to myself? I've got my wallet online with my grain in. How long should it take?

It depends on the number of inputs you have, their amount and age. The average 5% yearly income. The wallet should be unlocked if it is encrypted (at debug console enter the command 'walletpassphrase <password> <amount_of_seconds_the_wallet_will_stay_unlocked>"

So my wallet needs to be encrypted with a passphrase in order to recieve stake coins?

I wish there was a more in-depth explanation of this somewhere.

[btc1210]

So my wallet needs to be encrypted with a passphrase in order to recieve stake coins?

I wish there was a more in-depth explanation of this somewhere.

https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/

Once you are eligible you simply need to have your wallet open and "unlocked for minting" to mint POS blocks. Unlocked for minting means it is either not encrypted or You have unlocked the wallet through various means

[OneEyedJack]

sorry but could someone tell me how POS is generated... i understand POW is mined with CGMINER.... but what on earth does mine POS mean? As far as i knew.. Pos comes about every 2 weeks... as long as u dont move your coins... beyond that its not really mining is it..

PoS blocks are generated by a thread from the wallet. to mint pos blocks the coinage (how long your coins stayed in the wallet) is used. if you find a block, then coinage is consumed (set to zero by sending the coins to yourself) and the coins go back to your balance with a 5% interest on top. The Algorithm used is much easier then the one for generating PoW blocks, so it can be done by your cpu, saving a lot of energy.

So to generate POS you need an open wallet, encrypted for pos minting, and coins in the wallet which have enough coinage to solve the Algorithm quick enough.

I think I've misunderstood how this works. How do I encrypt for pos minting? What do I need to do with my coins in my wallet to be able to receive to PoS coins? The first post doesn't explain this.

Just keep them in your wallet and keep it online...

So I don't need to send them to myself? I've got my wallet online with my grain in. How long should it take?

It depends on the number of inputs you have, their amount and age. The average 5% yearly income. The wallet should be unlocked if it is encrypted (at debug console enter the command 'walletpassphrase <password> <amount_of_seconds_the_wallet_will_stay_unlocked>"

So my wallet needs to be encrypted with a passphrase in order to recieve stake coins?

I wish there was a more in-depth explanation of this somewhere.

No, your wallet does not need to be encrypted. You just need to have your wallet open and online with Grain in the wallet.
It's like getting interest on a savings account. Them more grain you have in it, the more PoS you get.
Maximum is 5% a year/annually.

[Nullu]

Ah, ok. Got it. Thanks.

sorry but could someone tell me how POS is generated... i understand POW is mined with CGMINER.... but what on earth does mine POS mean? As far as i knew.. Pos comes about every 2 weeks... as long as u dont move your coins... beyond that its not really mining is it..

PoS blocks are generated by a thread from the wallet. to mint pos blocks the coinage (how long your coins stayed in the wallet) is used. if you find a block, then coinage is consumed (set to zero by sending the coins to yourself) and the coins go back to your balance with a 5% interest on top. The Algorithm used is much easier then the one for generating PoW blocks, so it can be done by your cpu, saving a lot of energy.

So to generate POS you need an open wallet, encrypted for pos minting, and coins in the wallet which have enough coinage to solve the Algorithm quick enough.

I think I've misunderstood how this works. How do I encrypt for pos minting? What do I need to do with my coins in my wallet to be able to receive to PoS coins? The first post doesn't explain this.

Just keep them in your wallet and keep it online...

So I don't need to send them to myself? I've got my wallet online with my grain in. How long should it take?

It depends on the number of inputs you have, their amount and age. The average 5% yearly income. The wallet should be unlocked if it is encrypted (at debug console enter the command 'walletpassphrase <password> <amount_of_seconds_the_wallet_will_stay_unlocked>"

So my wallet needs to be encrypted with a passphrase in order to recieve stake coins?

I wish there was a more in-depth explanation of this somewhere.

No, your wallet does not need to be encrypted. You just need to have your wallet open and online with Grain in the wallet.
It's like getting interest on a savings account. Them more grain you have in it, the more PoS you get.
Maximum is 5% a year/annually.

So my wallet needs to be encrypted with a passphrase in order to recieve stake coins?

I wish there was a more in-depth explanation of this somewhere.

https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/

Once you are eligible you simply need to have your wallet open and "unlocked for minting" to mint POS blocks. Unlocked for minting means it is either not encrypted or You have unlocked the wallet through various means

[bee7]

update to 1.3 , then wallet crash. such coin so sad 

the same image with fault while opening the wallet

This is not good really. Make a copy of your wallet.dat file if you did not do this before the client update (actually is a must thing to do when you do update).

Then open the command window (run the cmd.exe) then start the wallet from the command line with switch -salvagewallet:

Code:

"C:\path\to\the\grain\wallet\app\grain-qt" -salvagewallet

I hope that helps.

[bosian]

Thanks bee7 for the support

Remember we have bounties available for shops/services/games accepting GRA!

[btc1210]

Pulled my miners and buy orders until PoW is fixed.

[cryptomining]

Anyone want to go in on a dice site for grain?  

sample
http://www.btcircle.com/dice
thread for the script
https://bitcointalk.org/index.php?topic=404227.0

[cryptomining]

Pulled my miners and buy orders until PoW is fixed.

PoW works, got a block a short while ago.

[btc1210]

Pulled my miners and buy orders until PoW is fixed.

PoW works, got a block a short while ago.

"Works" but at the incorrect difficulty.

Unless PoS is supposed to replace PoW completely, shouldn't PoS generation not affect PoW?

As more people start using GRA, more PoS will be generated and if left unchecked, you won't be able to mine the coin at all.

Just like yesterday, it took 50x longer to get a block than what it should be based on pool hashrate.

[ss666]

my attempt to update to version 1.3 was unsuccessful, using graid on ubuntu linux. Reverted to 1.2 and it works fine, as far as I can see. I hope that fix will be released soon, so I keep mining my new favourite coin

UPD: some odd thing - I've sent a 1mil to my second wallet, both wallets are online, new one is 1.3 qt-win, but :
http://coinblockchain.com/grain/tx/c00c0037727066fd94f45083f2d89cc382284db6c34470575df4c391ef4fcbe6#outputs

"not redeemed"

??

[Blackmet]

Thanks bee7 for the support

Remember we have bounties available for shops/services/games accepting GRA!

Bosian, are there any plans of fixing the PoS affecting PoW difficulty? I asked you earlier, but you didn't answer.

[cryptomining]

Pulled my miners and buy orders until PoW is fixed.

PoW works, got a block a short while ago.

"Works" but at the incorrect difficulty.

Unless PoS is supposed to replace PoW completely, shouldn't PoS generation not affect PoW?

As more people start using GRA, more PoS will be generated and if left unchecked, you won't be able to mine the coin at all.

Just like yesterday, it took 50x longer to get a block than what it should be based on pool hashrate.

been mining since day one so it seems like it "works" great!  got my rig pointed at another coin and my wallet is mining like a gpu farm.

dont buy 10 r9x's get your wallet full of grain instead, less hassle, noise, heat. time, and cost.

[cryptomining]

if they didnt affect each other we would mine up to quickly, too many coins to fast.  difficulty seems to be adjusting nicely, but it can be quite high at times but i hit some 22k-55k blocks yesterday.

[rentarocker]

So it would seem that the PoS feature will work to slow down the creation of new GRA and encourage miners and investors to hold GRA rather than dump.  Over time the price of GRA will rise and the smaller rewards from mining will become more profitable.  Hence, when the prices rose yesterday, we did not see a flood of sellers but rather a gentle moderation.

That's a big change from what I'm used to seeing at an IPO 

Brilliant.

Wish I had more BTC…I'd buy more. 

[karky]

Send, all your money to yourself(same wallet), than you will get less (1 big in 10-15 days) POS blocks. That would help to decrease diff. untill its fixed...

A lot of people did small transactions from pool. Thoose coins have different coin age, generating a lot tiny POS blocks...