[ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi

[TFA labs]

We will start out with some miners on Monday.

Does anyone know how many initial miners there will be on Monday?

[David Chapman]

Looking forward to mining PEG!

I've upgraded to the latest miner as directed.

[Kompendium]

Fantastic - we’re excited to be running miner.!

[PegNet]

As you configure your miners, PLEASE make sure the CoinbaseAddress in your defaultconfig.ini files is your FCT address.

If you are configuring fresh, and getting the defaultconfig file from github, then the default CoinbaseAddress is going to be CHANGEME, and your miner will bomb if it isn't a valid FCT address.  If you built your configuration in the past, you might have a public FCT address for your CoinbaseAddress.

Older versions of the defaultconfig.ini, and versions used against the TestNet generally have public FCT addresses.  Please don't mine with a public FCT address, because that is terribily unrewarding!

Double check your configurations!

[PegNet]

Attention Miner!

A hotfix was released that affects anyone using OpenExchangeRates or ApiLayer as a datasource. Given OpenExchangeRates is one of the defaults, this likely includes you!.

Upgrade to the latest release here https://github.com/pegnet/pegnet/releases/tag/v0.1.1.

This is crucial to providing accurate data.

[PegNet]

Less than 24 hours until mainnet mining goes live!

Hurry and get those factomd nodes synced. 

[PegNet]

MainNet goes live at 17:00 UTC!  Get those miners updated to version 0.1.1 -- https://github.com/pegnet/pegnet/releases/tag/v0.1.1

[qwe5]

MainNet goes live at 17:00 UTC!  Get those miners updated

On which platform is it online?

[PegNet]

MainNet goes live at 17:00 UTC!  Get those miners updated

On which platform is it online?

PegNet runs on top of the Factom Protocol.

[PegNet]

Join us tomorrow, Monday the 19th at 16:45 UTC for a live stream of the mainnet launch.  Four panelists with in-depth knowledge of the PegNet and Factom Protocol ecosystems will be answering questions.

[qwe5]

MainNet goes live at 17:00 UTC!  Get those miners updated

On which platform is it online?

PegNet runs on top of the Factom Protocol.

Okay thank you

[AlanX]

Is mobile mining in the works or planned in the future?

Well, I don't think mobile mining is going to work out so well.  While the hash algorithm does prevent just driving a battery to zero, it is still a load.  And your mobile device isn't likely to have a fast memory system, so I don't think you'd get much from it.

[David Chapman]

Be sure to check out the PegNet network stats at Factoshi. 

[PegNet]

Attention Miners

As you may be aware, there is an update to the grading algorithm in the works. The details of the grading algorithm are at a high level:

// 1. Top 50 OPRs by hash difficulty are taken
// 2. 25 of those OPRs are selected by grading their prices with 1% tolerance band
// 3. The submitters of these 25 OPRs are equally paid 200 PEG each
// 4. 1 OPR is selected from the 25 by grading without any tolerance band
// 5. The asset prices are set based on this 1 OPR from step 4 above


If you wish to understand the minutiae of the algorithm, feel free to ask questions in the #oracle-mining channel on Discord. There is still analysis ongoing on the 1% band, but that is what we have atm. The code is developed and under review.

There are two big changes that will affect all miners:
1. The size of the OPR is expanding, meaning the cost per submission will be 2ECs, not 1. The amount of ECs you are currently burning will be doubled. This may be perceived as double the cost, but when taking into account the cost of paid data sources and hardware, it is a minimal bump.
2. More miners will be paid, and therefore more miners will be winning. Large miners might see their rewards go down, and small miners will see an increase in rewards.

A side effect is that the variance of various data sources will impact miners less. There is still tools to be developed (ongoing discussions) to help miners be more informed about the data sources they choose. And some modifications to polling are being discussed to better handle stale pricing

[David Chapman]

The September 1st Factom Protocol (which PegNet is built on top of) Newsletter is out.  In includes various information on PegNet: https://factomize.com/forums/newsletter/256/view

https://twitter.com/DChapmanCrypto/status/1168012856358359041

[PegNet]

There will be an informal PegNet chat tomorrow (Monday) the 9th at 11:30am CST.  Join David Johnston, Paul Snow, David Chapman, and more: https://meet.google.com/bnf-fnjq-fkk

[PegNet]

A simple to follow PegNet mining guide using Docker has been released.  It is available here: https://github.com/pegnet/pegnet-compose

[PegNet]

Attention Pegnet Miners!

V2 Grading has been in the works for awhile, and the release binaries are ready! We will see the v2 grading activate at block height 210330, roughly 17:00 Sep 16, 2019 UTC. You must upgrade by then.

Downloads for the miner binaries are located here: https://github.com/pegnet/pegnet/releases/tag/v0.2.0

There is no change to how you launch your miners. This is a breaking change, so all netminers and net coordinators must be updated. They are not backwards compatbile.

Please refer to the release notes on github for the changelog information.

[PegNet]

Another reminder to update before  block height 210330, roughly 17:00 Sep 16, 2019 UTC

[PegNet]

PegNet miners successfully upgraded to V2 of grading and now 25 miners are rewarded 200 PEG each per block.