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Author Topic: [PRE-ANN] Blacknet (IBO for BlackCoin) | Original research | PoS | No ICO  (Read 2452858 times)
portice
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February 26, 2014, 12:28:36 AM
 #1241

What will happen after the first 10000 blocks are mined? No more mining? What's the difference between PoW and PoS?

one is from wales, the other from sudan

Heh, just stop


Yes, no more mining

POS = proof of share

POW= proof of work (mining)
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artiface
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February 26, 2014, 12:29:54 AM
 #1242

After 10000 blocks there will be no more mining rewards.  From that point all blocks will be generated via proof-of-stake.  

Quote
[The] proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power.

In this coin you coins are eligible to produce 1% stake interest every 8 hours.  
Monetizer
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February 26, 2014, 12:30:05 AM
 #1243

How long did it take you guys for your miners to switch to http://black.lowend.fm/static/
Mine hasnt shown up yet and it has been like 5-10 mins...
jdh015232
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February 26, 2014, 12:30:14 AM
 #1244

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

did a test deposit with this guy, and he sent me the btc, so i sent him the rest of the 10k, and of course now this guy is offline. possibly a scammer, :/
BitcoinStacker
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February 26, 2014, 12:30:52 AM
 #1245

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!

Donate if I helped you BTC: 1GF3X5rkLZEYX6GkTrJzhEC6DkKgUVwNce
Monetizer
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February 26, 2014, 12:31:43 AM
 #1246

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!

I dealt with him fine, he even went first...
Radiostatic
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February 26, 2014, 12:32:07 AM
 #1247

P2P Pool, 0.5% fee!
High-speed server located in Amsterdam

http://188.226.185.177:8336/static/ for the web interface.
Use "minerd -o http://188.226.185.177:8336 -u <BCAddress> -p password" to connect!
Just hit 4 blocks in less than an hour! A lot of people seemed tired of waiting but those that stuck with it earned 2000 BC per mhash they had pointed at the pool Wink

BC address BNv9p33UqpeBJNyzycXXabKjquRZw5CAw3 Smiley
jdh015232
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February 26, 2014, 12:34:31 AM
 #1248

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!

I dealt with him fine, he even went first...
ya, idk, im guessing hes gone.
BitcoinStacker
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February 26, 2014, 12:34:44 AM
 #1249

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!

I dealt with him fine, he even went first...

Weird VannilaHeaven is claiming his coinedup payout isn't working, he isn't even responding to my PM's

Quote
Me:
coinedup is working fine for me, can you send the BTC??
VanillaHeaven:

I can't cancel my orders and the payment I sent ~~10min ago is saying pending. Should be working soon!

Donate if I helped you BTC: 1GF3X5rkLZEYX6GkTrJzhEC6DkKgUVwNce
Jeezy911
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February 26, 2014, 12:36:07 AM
 #1250

Is there any problem in this market
https://www.cryptoaltex.com


I purchased a few coins there today.  It was very quick and easy to use.  No problem.   Prices there are still quite low.  

I don't know about their rep but this exchange is absolutely gorgeous looking and insane fast. I could see this getting big, very nice job from the devs on it, love it!

Monetizer
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February 26, 2014, 12:36:30 AM
 #1251

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!

I dealt with him fine, he even went first...

Weird VannilaHeaven is claiming his coinedup payout isn't working, he isn't even responding to my PM's

Quote
Me:
coinedup is working fine for me, can you send the BTC??
VanillaHeaven:

I can't cancel my orders and the payment I sent ~~10min ago is saying pending. Should be working soon!

Yea, he said coinedup was slow for him but the BTC did come...
jdh015232
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February 26, 2014, 12:39:08 AM
 #1252

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15BTC
I'm only buying 10k batches

Buying BlackCoin
I have around 1 BTC to buy BC for.
10,000BC=0.15 0.2BTC
I'm only buying 10k batches

Still waiting for my BTC, sent VanillaHeaven 4K BC 25 minutes ago.
I hope he won't scam me, Deal with caution on this user!


I dealt with him fine, he even went first...

Weird VannilaHeaven is claiming his coinedup payout isn't working, he isn't even responding to my PM's

Quote
Me:
coinedup is working fine for me, can you send the BTC??
VanillaHeaven:

I can't cancel my orders and the payment I sent ~~10min ago is saying pending. Should be working soon!

Yea, he said coinedup was slow for him but the BTC did come...


he said the same for me, and the small amnt showed up but of course after i send the second half, he goes offline.
rsx19
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February 26, 2014, 12:39:30 AM
 #1253

After 10000 blocks there will be no more mining rewards.  From that point all blocks will be generated via proof-of-stake.  

Quote
[The] proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power.

In this coin you coins are eligible to produce 1% stake interest every 8 hours.  

so we send coins to oursselves to make 1%? i dont get it

BlackCoin For poor Shibe - BMobXjx9TN96a1qmZA9pSSzJur6UH9PWgU
noobinscrypt
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February 26, 2014, 12:40:26 AM
 #1254

Still have about 20K, or 19.X K to sell,

someone pm me a decent offer. If you want to use an escrow site for this tell me where to do it, or if you wanna do the send and pay, do it in small payments back and forth unless you have high trust, then i can send first.


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XBATTO
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February 26, 2014, 12:43:40 AM
 #1255

How does it works ? Every 8 hours you receive 1 % of your total coins in your wallet ?
Monetizer
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February 26, 2014, 12:46:14 AM
 #1256

How does it works ? Every 8 hours you receive 1 % of your total coins in your wallet ?

No. After 8 hours you are eligable to stake coins. This means you have to leave the coins in your wallet and not touch them. Over time you will start getting staked coins at a rate of %1 of your total coins a year I believe.
Radiostatic
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February 26, 2014, 12:49:31 AM
 #1257

P2P Pool, 0.5% fee!
High-speed server located in Amsterdam

http://188.226.185.177:8336/static/ for the web interface.
Use "minerd -o http://188.226.185.177:8336 -u <BCAddress> -p password" to connect!
Just hit 4 blocks in less than an hour! A lot of people seemed tired of waiting but those that stuck with it earned 2000 BC per mhash they had pointed at the pool Wink

For those who wonders, these are the 4 blocks we hit. IN UNDER AN HOUR!

http://blocks.blackcoin.pw/block/0000000003d37554f19a02a3a2c3f2581cf50e1c933c022eafd91070871098b9

http://blocks.blackcoin.pw/block/0000000001876435084dc88e92458116213232a71fb631485191885dcbfab210

http://blocks.blackcoin.pw/block/0000000001fd8ca4616e7aa2b4471900af5099ef5904afb864d52cf0615ee5a1

http://blocks.blackcoin.pw/block/0000000003fde20b3c1933433eef96c9e7e64c322bf62ada77ec374632efd6f1

A centralized pool would earn you that in 12+ hours on 1 mhs Cheesy

BC address BNv9p33UqpeBJNyzycXXabKjquRZw5CAw3 Smiley
Jeezy911
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February 26, 2014, 12:50:23 AM
 #1258

Can someone give me a hand with the windows64 wallet, I have V 1.0 need to upgrade, will tip for any help. Thanks!

Monetizer
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February 26, 2014, 12:53:25 AM
 #1259

Can someone give me a hand with the windows64 wallet, I have V 1.0 need to upgrade, will tip for any help. Thanks!

What you do is go to %appdata% then blackcoin. You leave your wallet .dat and delete everything else. Then you download and run the new wallet and you will have the new update along with your old coins. It will just neeed to re sync though.
artiface
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February 26, 2014, 12:54:42 AM
 #1260

After 10000 blocks there will be no more mining rewards.  From that point all blocks will be generated via proof-of-stake.  

Quote
[The] proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power.

In this coin you coins are eligible to produce 1% stake interest every 8 hours.  

so we send coins to oursselves to make 1%? i dont get it

All you have to do is keep your wallet running with coins in it.  Coins will automatically attempt to generate stake until they succeed.  The staked coins and the newly generated coins will then go to the stake line in your wallet until the stake is confirmed after 520 blocks then they will return to your balance.  Any coin that has been in your wallet for more 8 hours will be eligible to generate stake.  This process will replace mining and generate 1% interest compounded as much as every 8 hours.

rat4 said 1% nominal interest, but when compounding at 8 hour intervals the real interest rate will be much higher.   But you have to have coins in your wallet to stake.  And after about 5.5 more days  no more coins will be mined so the only way to get coins will be to buy them.
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