[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[CoinBitch]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

[derBruchpilotPro]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?


edit: typo

[nrg_wolf]

if all blackcoin is mined in just a few days, what does that mean for long term life of the coin?

[Sparkzor]

Renting is (almost) unprofitable right now. Diff is 100, close to 120. I wouldn't suggest doing that. Just scoop up at 15 and keep until Pos.

I've gotten 11k tonight... I think 11k is worth more than 0.08 

[Collegestudent]

Is this http://bc.crypto-coinz.com mining pool trusted? thinking of joining the Black Coins boat

[Miner232432]

Is this http://bc.crypto-coinz.com mining pool trusted? thinking of joining the Black Coins boat

Cyrpto-coinz are good, I used them myself over last few days since launch

[deliciousham]

if all blackcoin is mined in just a few days, what does that mean for long term life of the coin?

POS after initial POW mining is done

[thenukemforall]

this pool didn't work really well for me, a lot of stratum disconnect, but that was yesterday. Maybe it's working fine now.

[thisisnotmyltcusername]

I see that dedicated says it takes 8 hours to get your coins from the pool! Is this the case for every pool?

I don't understand what's going on with dedicated. I get the huge confirmations part, but we're beyond that...
I got 2280 CONFIRMED blackcoins, autopayout didn't work, I lowered to 1000 autopayout, still nothing, I tried manual payout, nothing happened either.
and all of this with last confirmed block in the 25xx and we're in the 30xx mined, so the 480 confirmations are behind us... something must be broken or some payout cron job halted...

[BachMann]

I see that dedicated says it takes 8 hours to get your coins from the pool! Is this the case for every pool?

I don't understand what's going on with dedicated. I get the huge confirmations part, but we're beyond that...
I got 2280 CONFIRMED blackcoins, autopayout didn't work, I lowered to 1000 autopayout, still nothing, I tried manual payout, nothing happened either.
and all of this with last confirmed block in the 25xx and we're in the 30xx mined, so the 480 confirmations are behind us... something must be broken or some payout cron job halted...

** ALERT: PAYOUTS take EIGHT ( hours or 480 confirms to mature. I spoke with the devs, please see this: http://pastebin.com/raw.php?i=Bc8cq1bt.
** Because this is a PoS coin it withholds coins from our server wallet for EIGHT ( hours after blocks are confirmed.
** For more information on PoS coins: https://en.bitcoin.it/wiki/Proof_of_Stake

** Your balances may be negative or coins seem "missing" because I changed the confirms from 120 to 480. This will correct as the coins mature again and will be added back to your account.

Autopayout not working for me either, maybe because i dont want to donate 1% on top of 2% fee?

[Jonesd]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?


edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

[bitwarrior]

The demand for this new coin is really amazing. 14.26 TH/s !!! network hash.

Any ideas on how much would be this trading after 1 week?

[Hampuz]

The demand for this new coin is really amazing. 14.26 TH/s !!! network hash.

Any ideas on how much would be this trading after 1 week?

Dont you mean 14.26 Gh/s?

Anyways on the value point, my prediction is initially 5-10K satoshis. Somewhere in between that range.

More would not be impossible.

$0.5 each would mean a market cap of $50M.  Might sound like a lot, but if all is done correctly, and the dev(s) have some good things coming, this could easily see that by the end of this year.

[suncoastbuddy]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?


edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

I think you really need to consider the compound interest.  1% of the 1% 3 times a day could add up fairly quickly.

[artiface]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?


edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

As has been said a thousand times in this thread it is 1% nominal interest.  That 1% can be compounded as much as every 8 hours.   If you don't understand what compound interest means then go look it up.  If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.  

[mr.pj]

Still looking for a pool to mine at?

Check out my p2pnode at http://p2pools.cryptoprojects.eu:9336/static/

[paniczklos]

blackcoin p2pool node

GREAT FOR MASSIVE MINERS - CURRENTLY THE NODE IS @ 400Mhs!

http://freebtc.eu:8336/
1% fee
USAGE:

Code:

cgminer.exe -o freebtc.eu:8336 - u your_wallet_address -p x

[Jabulon]

This may have been asked/answered elsewhere but I've looked and cannot find anything straightforward, either here or or blackcoin.co:

How do you set your BC wallet up for PoS minting? After wallet encrypt it shows stake miner locked for minting.

Is it done with a simple command in debug console? If so, what is the exact command?

Or is it something more complicated, involving setup of a .conf in your %appdata% folder? Again, details please, if this is the way.

Please make reply PoS-noob friendly, I have never done this setup before. Thanks very much.

[asdlolciterquit]

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?


edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

I think you really need to consider the compound interest.  1% of the 1% 3 times a day could add up fairly quickly.

can anyone say how much is it with the compound interest?
i made some math, but it's seem (maybe i'm wrong) that in very few higher than 1% year

[yannis7777]

This may have been asked/answered elsewhere but I've looked and cannot find anything straightforward, either here or or blackcoin.co:

How do you set your BC wallet up for PoS minting? After wallet encrypt it shows stake miner locked for minting.

Is it done with a simple command in debug console? If so, what is the exact command?

Or is it something more complicated, involving setup of a .conf in your %appdata% folder? Again, details please, if this is the way.

Please make reply PoS-noob friendly, I have never done this setup before. Thanks very much.

I second that. Well said.