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Author Topic: [ANN] ★★ EBT Coin - Entropybit 100% PoS - Multipool - Bugfix version 4.0.3! ★★  (Read 130469 times)
Jires
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May 01, 2014, 05:23:01 AM
 #1221

Very interested how this coin will perform seeing BlackCoin price rising fast. 
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foxya
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May 01, 2014, 11:15:17 AM
 #1222

Very interested how this coin will perform seeing BlackCoin price rising fast. 

really???

do you think so??? Shocked

Bwincoin - 100% Free POS.BCTYCfagpvJoWae9ikDwMTkLB9wrhT9MRg
juve4v
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May 01, 2014, 05:04:45 PM
 #1223



With EBT Coin you ca buy a Yacht..with SNAP Coin you can buy....a SNACKS ?

*fixed  Grin
gefflong
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May 02, 2014, 02:08:29 AM
 #1224

What's with the huge and I do mean HUGE amount of orphans?
Jonesd
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May 02, 2014, 05:46:54 AM
 #1225

What's with the huge and I do mean HUGE amount of orphans?

Where?

In ebt.poolto.be it is the normal amount.

EBT
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May 02, 2014, 07:35:29 AM
 #1226

What's with the huge and I do mean HUGE amount of orphans?

Please give details.
juve4v
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May 02, 2014, 08:57:55 AM
 #1227

What's with the huge and I do mean HUGE amount of orphans?

Where?

In ebt.poolto.be it is the normal amount.

I mined for +12 h there no rewards credited although blocks were found
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May 02, 2014, 09:05:40 AM
 #1228

What's with the huge and I do mean HUGE amount of orphans?

Where?

In ebt.poolto.be it is the normal amount.

I mined for +12 h there no rewards credited although blocks were found

Sounds like a problem with the pool and not with orphans.

gefflong
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May 02, 2014, 07:30:44 PM
 #1229

What's with the huge and I do mean HUGE amount of orphans?

Please give details.


ebt.argakiig.us
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May 02, 2014, 08:16:56 PM
 #1230

What's with the huge and I do mean HUGE amount of orphans?

Please give details.


ebt.argakiig.us


Thank you for the details. We have contacted this pool operator. This seems to be a problem with this particular pool.

Please recognize that Proof of Work (PoW) mining efficiency will go down as more blocks are found by Proof Of Stake (PoS). So don't be surprised to have more difficulty finding blocks by PoW, even when the nominal difficulty is low. For example, the nominal PoW difficulty right now is 0.293. However, the difficulty realized by PoW miners is approximately 0.9, due to competition from PoS, which is responsible for 21 of the last 30 blocks (at 274729). No preference is given to PoS minting relative to PoW mining, but over time, the amount of eligible stake will go up, resulting in a greatly increased competition from PoS minters.

It is getting near the point in EBT's life cycle that creating new coins is probably easiest done by buying EBT from an exchange and letting it stake to mint transactions. That minting becomes more efficient relative to mining over time is a designed property of PoW/PoS coins like EBT.
gefflong
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May 02, 2014, 08:41:21 PM
 #1231

What's with the huge and I do mean HUGE amount of orphans?

Please give details.


ebt.argakiig.us


Thank you for the details. We have contacted this pool operator. This seems to be a problem with this particular pool.

Please recognize that Proof of Work (PoW) mining efficiency will go down as more blocks are found by Proof Of Stake (PoS). So don't be surprised to have more difficulty finding blocks by PoW, even when the nominal difficulty is low. For example, the nominal PoW difficulty right now is 0.293. However, the difficulty realized by PoW miners is approximately 0.9, due to competition from PoS, which is responsible for 21 of the last 30 blocks (at 274729). No preference is given to PoS minting relative to PoW mining, but over time, the amount of eligible stake will go up, resulting in a greatly increased competition from PoS minters.

It is getting near the point in EBT's life cycle that creating new coins is probably easiest done by buying EBT from an exchange and letting it stake to mint transactions. That minting becomes more efficient relative to mining over time is a designed property of PoW/PoS coins like EBT.

That makes sense.  Thank you.
argakiig
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May 03, 2014, 03:25:46 AM
 #1232

What's with the huge and I do mean HUGE amount of orphans?

Please give details.


ebt.argakiig.us


Thank you for the details. We have contacted this pool operator. This seems to be a problem with this particular pool.

Please recognize that Proof of Work (PoW) mining efficiency will go down as more blocks are found by Proof Of Stake (PoS). So don't be surprised to have more difficulty finding blocks by PoW, even when the nominal difficulty is low. For example, the nominal PoW difficulty right now is 0.293. However, the difficulty realized by PoW miners is approximately 0.9, due to competition from PoS, which is responsible for 21 of the last 30 blocks (at 274729). No preference is given to PoS minting relative to PoW mining, but over time, the amount of eligible stake will go up, resulting in a greatly increased competition from PoS minters.

It is getting near the point in EBT's life cycle that creating new coins is probably easiest done by buying EBT from an exchange and letting it stake to mint transactions. That minting becomes more efficient relative to mining over time is a designed property of PoW/PoS coins like EBT.

That makes sense.  Thank you.

Carful examination of the pool reveals that it is functioning as expected. Pos blocks will quite often orphan pow blocks due to increasing PoS mining capacity on the network.

Thank you for your continued support of my pool
EBT
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May 03, 2014, 08:56:10 AM
 #1233

Coin control has been implemented and is coming soon!


The coin control preference pane:




Coin control input selection:




Coin control transaction dialog:




A coin control transaction where the change goes to the receiving address.

xminer2014
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May 03, 2014, 11:55:30 AM
 #1234

Very neat!
CartGeezer
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May 03, 2014, 12:28:14 PM
 #1235


Yes,it is neat.  I have this in a couple wallets.  It works well to get rid of dust.

CURE DEM DMD GPL HBN HYPER KED POT TEK  THC -   I'm such a PoS
CartGeezer
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May 03, 2014, 12:31:06 PM
 #1236


@Dsync:

Seems like a bit of trouble in the pplns?  I see a lot of zeros on the 'block stats' page.  No large deal, but curious as to when I can see the massive pile of EBT I mined from last night?  Thanks!

User: EBTisTaxes
ID:    479

CURE DEM DMD GPL HBN HYPER KED POT TEK  THC -   I'm such a PoS
netbtc14
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May 03, 2014, 11:32:30 PM
 #1237

@Dsync

Also have not received payout since 5/1/2014 @ 15:10. Any info would be appreciated! Thanks!
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EBT
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May 04, 2014, 07:41:00 AM
 #1238

Thanks.

coinbasevalue reported by getblocktemplate is still off by 100x

Code:
"coinbasevalue" : 250000000,

According to our programmers, this is not a bug and you are seeing the correct value. 250,000,000 is the coinbase for the current PoW blocks through 300,000.

Here is the relevant code:

util.h
Code:
static const int64 COIN = 1000000;

main.cpp
Code:
        if (nHeight < 2)
            nSubsidy = 2500000 * COIN;
        else if (nHeight < 100000)
            nSubsidy = 1000 * COIN;
        else if (nHeight < 200000)
            nSubsidy = 500 * COIN;
        else if (nHeight < 300000)
            nSubsidy = 250 * COIN;

The EBT COIN definition is only 1,000,000 (compared to BTC's 100,000,000) for a couple of reasons. First, EBT has 250,000,000 total coins by Proof of Work. BTC has roughly 10x fewer total coins. Second, EBT will continue to create coins by Proof of Stake indefinitely. The definition of COIN for EBT takes both factors into account, adjusting the total number of indivisible units of EBT to be comparable to BTC, after approximately 45 years of interest by EBT.
xminer2014
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May 04, 2014, 07:57:24 AM
 #1239


The EBT COIN definition is only 1,000,000 (compared to BTC's 100,000,000) for a couple of reasons. First, EBT has 250,000,000 total coins by Proof of Work. BTC has roughly 10x fewer total coins. Second, EBT will continue to create coins by Proof of Stake indefinitely. The definition of COIN for EBT takes both factors into account, adjusting the total number of indivisible units of EBT to be comparable to BTC, after approximately 45 years of interest by EBT.


This is different than most other coins, so there is not common way to get the block reward with rpc? I have to look in the source code of the wallet for the value of COIN?
EBT
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May 04, 2014, 09:04:46 AM
 #1240


The EBT COIN definition is only 1,000,000 (compared to BTC's 100,000,000) for a couple of reasons. First, EBT has 250,000,000 total coins by Proof of Work. BTC has roughly 10x fewer total coins. Second, EBT will continue to create coins by Proof of Stake indefinitely. The definition of COIN for EBT takes both factors into account, adjusting the total number of indivisible units of EBT to be comparable to BTC, after approximately 45 years of interest by EBT.


This is different than most other coins, so there is not common way to get the block reward with rpc? I have to look in the source code of the wallet for the value of COIN?


In principle, you need to know the source code value of COIN for any bitcoin descendent, including EBT and BTC itself. For EBT it will never change without a major announcement, so you can count on its being 1,000,000 for many years.

If it would be helpful, we can add a remote procedure call (RPC) named something like "getcoinbaseincoin" that returns the value of the coinbase for the current block in EBT.

Otherwise, just be aware of EBT's value for COIN.
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