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

[luckyJerry]

Hi~~~My dear friends, I am Jerry, come from China. I built the BC Community in China, the QQ(a chat software) group is: 374929243
we hope you can join us, and you could meet more friends in China who also like BC.
if you don't have a qq account, you can download the software, and apply for an account: http://www.imqq.com/
By the way, in the group there are already two foreigners who come from Finland and Rumania. so~~please join us! Do not hesitate, we are all welcome you to join us

[1714299116]

1714299116

[blade87]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

[XbladeX]

Mayby that is good way ?

Too... Disco? I don't know.

We need something classy, we need the voice of Morgan Freeman, the looks of Isaiah Mustafa (Old Spice), the humor of Eddie Murphy and the class of Denzel Washington all rolled into one logo.

sec resize

I'm stil waiting for a morgan freeman one :')

[coine_smithe]

LMAO

[colinfx]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

[BTCWhale]

Hm, this is a bit interesting to say the least, separates from the crowd of altcurrencies. Need to run some numbers and read on it more before I further comment, the listing to Cryptsy isn't even close however I've sent a mail to Vern so we'll see.

[Zackgeno96]

lol ^^  you aint the real btcwhale, if so post on twitter

I've been looking at #BlackCoin and it looks interesting to say the least; the aspect of PoS and awarding for longterm is cool stuff.

if thats you why is your account so new.

[Radiostatic]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

I'm the lead developer and it's already working

Tune in on Wednesday, I'll post an announcement then.

[derBruchpilotPro]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

I'm the lead developer and it's already working

Tune in on Wednesday, I'll post an announcement then.

Respect! Can you tell us any details yet?

[rbauer85]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

I'm the lead developer and it's already working

Tune in on Wednesday, I'll post an announcement then.

If this works its going to generate insane value for all of us. Inverse multipool.

[r0b1nuk]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

I'm the lead developer and it's already working

Tune in on Wednesday, I'll post an announcement then.

ah ok great i shall hold fire with my idea. hope you dont think i was stepping on toes, i think it will be the best thing for this coin!!

[Radiostatic]

The multipool idea is really cool!


I've done some work to make my own little multipool some time ago. Thats much work and needs always
a bit attention (wallets may go out of sync or on a fork ==> profitablity script wents crazy, ...).

* Coin stratum servers need to work with one user table while accounting should work per coin
* Auto depositing the mined coins to a exchange with autosell or scripts to sell with the exchange trading API
* calculations about payouts have to be done right
* Nice web interface with some stats


Thats just a few points to get a multipool working, I know how much work this is, maybe doing some task
manually or a cooperation with a mulitpool owner would make this easier.


Is there already a concrete plan to handle this project?

The biggest challenge of a multipool would be if the pool operator can set it up to work 100% automatic, or if he/she needs to spend an hour every night manually exchanging the mined coins into BC, before automatically sending out the payments.

For now, I would be happy just to see something up and working as intended, however that may be. If I can setup a sgminer script, point my miners to the ool, and then watch payments come into my BC wallet every 24 hours, it's as good as "mining BC" to me.

I already plan to give 5000 BC + 5% extra donation of 9 MH/s hash power for the first week of mining for the first successful multipool we have up. Hopefully others can chip in as well to really motivate our pool operator to do a great job on it. Looking forward to the updates we have scheduled soon!

I cannot see how this can easily be done on an automated level.

The best option for ourselves is to mine at say "wafflepool" using your MintPal BTC deposit address and then just manually purchase BlackCoin with it.

I'm the lead developer and it's already working

Tune in on Wednesday, I'll post an announcement then.

Respect! Can you tell us any details yet?

I post screenshots and previews of the interface on the IRC channel once in a while

[Soepkip]

I'm working hard on the website right now (http://www.blackcoin.co).

I'm looking for a writer to help me out with the wording of things. I'm having a real hard time putting everything in the correct wording.

[blade87]

Look at that pump. 720 now with a 1.05 BTC sitting at it. Someone is maybe testing... and once our "inverse multipool" gets up and running, it will only help it along!

I'm working hard on the website right now (http://www.blackcoin.co).

I approve. Now just hire an English major do the writing that us left brained people are incapable of!

[neilh]

Just to keep people informed...

https://bitcointalk.org/index.php?topic=509928

https://twitter.com/BTCWhale


Already the price had jumped to 700 800+ on mintpal.

[XbladeX]

Look at that pump. 720 now with a 1.05 BTC sitting at it. Someone is maybe testing... and once our "inverse multipool" gets up and running, it will only help it along!

I'm working hard on the website right now (http://www.blackcoin.co).

I approve. Now just hire an English major do the writing that us left brained people are incapable of!

One guy before wrote interesting text on main it will be god to combine some of his work.
Se i will try found that one.
Generally new web looks very nice.
But it is not good to overload website.
I have change something i would explain why 1% is better than higher inflation rate.

[SeriousCoins14]

Yeap crazy rush happening on mintpal wow. think it topped out for now though

[macorcina]

BC is next AURcoin

[blade87]

Look at that pump. 720 now with a 1.05 BTC sitting at it. Someone is maybe testing... and once our "inverse multipool" gets up and running, it will only help it along!

I'm working hard on the website right now (http://www.blackcoin.co).

I approve. Now just hire an English major do the writing that us left brained people are incapable of!

One guy before wrote interesting text on main it will be god to combine some of his work.
Se i will try found that one.
Generally new web looks very nice.
But it is not good to overload website.
I have change something i would explain why 1% is better than higher inflation rate.

That was me. It's funny that you quoted me and then posted an image that I posted some time ago.

This is the full latest FAQ I had written up if the BC devs want to use any of it.

[Q] What is BlackCoin?
[A] BlackCoin (BC) was designed as a proof-of-stake (PoS) only experimental coin. It was launched on February 24th, 2014 with a 1 week proof-of-work (PoW) mining period to the distribute all coins among the miners and rest of the market. Slightly less than 75 million total coins were mined, making its total supply less than the maximum Litecoin supply of 84 million. It's future supply now relies on PoS which generates 1% interest per annum for those holding the coins in their wallets.

[Q] What is Proof-of-Stake (PoS)?
[A] Proof-of-stake was designed as alternate method of mining to proof-of-work (PoW). PoW requires your GPUs to "work" to be eligible for block rewards. PoS on the other hand simply requires you to be holding coins in your wallet to be eligible for block rewards. And the more coins you hold, the more you can stake, and be eligible for more block rewards. PoS introduces energy efficiency at the cost of brute force.

[Q] Why is my wallet not staking?
[A] Your wallet must be open, unlocked, and have its balance untouched for at least 8 hours with BlackCoin before your coins may become eligible for staking. Unlocking your wallet is perfectly safe using the command "walletpassphrase yourpassword 9999999 true". This input this demand, you must go to Help->Debug->Console. This will command will unlock your wallet for staking purposes only. You will be required to input your password every time you send out coins. Do not forget to clear your command history after inputting this command. Leaving it potentially exposes it to others (ie remote desktop). Your best bet to see results is to open your wallet, input the command, and then leave it running for 24 hours before checking up on it again.

[Q] Why does BlackCoin use a low PoS rate of 1%?
[A] BlackCoin aims at being a deflationary coin, along with an almost nothing maintenance cost. Being so can allow it to be a good hedge position within the crypto market. With very little supply being generated through PoS, it is fully protected against "mine and dump". Mining BC through a multipool does not actually generate any new coin supply, which is what makes this factual. And because of this, what others may view as a weakness of BC, we view as the greatest long term strength.

[Q] How can I still mine BlackCoin if its PoS only now?
[A] You can still "mine" BlackCoin by pointing your GPUs to a multipool that pays out in BC! These pools work the same way as regular multipools do, but instead selling the pool mined coins for Bitcoins (BTC) and paying the users with that, the pool operates sells the pool mined coins for BTC, and then uses the BTC to purchase BC, and then sends the appropriate percentage of BC to the miner. From the miner's point of view, it looks exactly as if he/she was mining BC all along! Mining difficulty then becomes directly tied to the market price of BC, as that alone will dictate how much BC the pool operator may purchase and send out to the miners at the end of the day. Considering this, BlackCoin has invented a new type of crypto mining that really makes sense for PoS only coins.

[Q] What makes BlackCoin truly unique?
BlackCoin truly goes above and beyond any other altcoin invented. BC addresses finite supply and infinite supply concerns all at once. The low PoS generation rate alludes BC to having an almost finite supply. However, this supply will always be available for GPU mining, alluding to infinite supply thanks to the BC multipool explained above. It's as if each BC is going to mined more than once. The decision is ultimately up to the individual miner to keep their mined coins, or pass them along for another miner to eventually obtain. We are the first crypto coin to come up with such an implementation.

[Q] Is BlackCoin an instamined coin?
[A] The answer to this question is yes, but not in sense that it gave early adopters a significant advantage. Interest on BlackCoin was so high during the week of PoW mining, mining difficulty surpassed 400 and peaked above 500, making PoW mining very difficult for each individual miner. And to add to that, in the following week after going PoS only, BC's price plummeted to 400-500 from a peak of 3500 satoshi, making those who mined and held actually at a loss! You would have been better off mining and holding other coins like Dogecoin and Litecoin, and then buying into BC after the PoW period had ended. So rest assured, you didn't miss out on anything by not being there from the beginning.

[XbladeX]

BC is next AURcoin

BC is better than AURcoin no premine, extremely fast ,safe from multipools ASICs.
Coin of deams.