[PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync

[sonihr]

Don't forget to add a the Failover Server if you are mining on multi.pandapool.info!

[bdanyo]

Can we expect the X11 multipool currencies? Many GPU miner moves to X11.

It should be ready by next Wednesday along with n-scrypt currencies.

For the latest news and updates regarding our coin, check out our social media accounts:

Twitter: https://twitter.com/PandacoinPND
Facebook: https://www.facebook.com/Pandacoin.PND
Reddit: http://www.reddit.com/r/PandacoinPND

[Joesixpack9000]

Current PoS Difficulty: 113.78298643

What is PoS Difficulty and why does it matter? - PoS difficulty is an indicator of how many wallets are open with many unspent transactions sitting in them. Generally, the higher the PoS difficulty, the better as it represents the amount of wallets that are open, and how secure our network is!

To read more about it, please check out our OP post here - https://bitcointalk.org/index.php?topic=568529.0

[pandacoin-official]

Friendly reminder to update your wallets to version 2.0.2, if you haven't already, from http://thepandacoin.org.

[HunterS]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

[ozzke]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

Think about it logically, it's only normal. Which other coin has 3 months of POW and then switches to full POS? That's the "price" you have to pay for such a great distribution.
Give it some time, it will work out just fine

[Maurizio]

Thanks for all the work on this coin.
To the moon, buy cheap now or miss this train 

[mtrycz]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

You might have missed what PND is.

What PND is:
1. A cryptocurrency that's actually aimed to being a currency (check out the vision pdf)
2. A 2.5% PoS coin with the longest distribution phase
3. A coin with devs that are dedicated and passionate
4. A growing comunity that actually predates the coin. This is important: The comunity wasn't built after the coin, the coin had been made by an existing comunity.

What PND is not:
1. A get rick quick scheme
2. A pump and dump
3. Some 24h PoW into 1000% PoS bullshit

What does that mean (for you)?
If you want a quick profit using some unfair advantage, you're in the wrong place.
This doesn't mean that you can't make profit. Just that measures have been taken to prevent unfair advantages. Have I already mentioned that this is why PND was born in the first place?

[Joesixpack9000]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

Think about it logically, it's only normal. Which other coin has 3 months of POW and then switches to full POS? That's the "price" you have to pay for such a great distribution.
Give it some time, it will work out just fine

^This is correct. The network is more secure due because of the 3 months POW phase. Most other PoS coins with ultra short POW phase don't have this at all. This was how PoS was designed to be, so that it is harder to attack and more secured. PND PoS is working as intended.

[stompix]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

Think about it logically, it's only normal. Which other coin has 3 months of POW and then switches to full POS? That's the "price" you have to pay for such a great distribution.
Give it some time, it will work out just fine

^This is correct. The network is more secure due because of the 3 months POW phase. Most other PoS coins with ultra short POW phase don't have this at all. This was how PoS was designed to be, so that it is harder to attack and more secured. PND PoS is working as intended.

Wait a minute.
I really don't get it. It;s full PoS right now , so why does it matter how many wallets are open at this moment?

Pos is secure from the concept being totally different to the PoW which requires hash rate and miners so it makes no sense talking about security based on the number of wallets  and not on the sum sitting in it.

Am i missing something there?

[HunterS]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

Think about it logically, it's only normal. Which other coin has 3 months of POW and then switches to full POS? That's the "price" you have to pay for such a great distribution.
Give it some time, it will work out just fine

^This is correct. The network is more secure due because of the 3 months POW phase. Most other PoS coins with ultra short POW phase don't have this at all. This was how PoS was designed to be, so that it is harder to attack and more secured. PND PoS is working as intended.

valid point i guess considering the trouble cinni had and what vericoin is going through now .guess it time to buy a few more pandas for this little bag holder

[Joesixpack9000]

wow not  real impressed with PoS diff.thats just crap.i mined the hell out of these to get good retorn on PoS but wont now.not with diff so high

Think about it logically, it's only normal. Which other coin has 3 months of POW and then switches to full POS? That's the "price" you have to pay for such a great distribution.
Give it some time, it will work out just fine

^This is correct. The network is more secure due because of the 3 months POW phase. Most other PoS coins with ultra short POW phase don't have this at all. This was how PoS was designed to be, so that it is harder to attack and more secured. PND PoS is working as intended.

Wait a minute.
I really don't get it. It;s full PoS right now , so why does it matter how many wallets are open at this moment?

Pos is secure from the concept being totally different to the PoW which requires hash rate and miners so it makes no sense talking about security based on the number of wallets  and not on the sum sitting in it.

Am i missing something there?

First let me explain the significance of difficult in PoS which's very much similar to difficulty in PoW. But don't assume low PoS difficulty means higher rate of returns. Each block gives the miner variable rewards depending on the current difficulty which predicts the probability of the coins to mint a PoS block. A low difficulty means the coins will easily be able to mint PoS blocks, since the number of PoS blocks generated by coins are frequent, the block reward will drop cause the interest rate is capped. In other words, when difficulty is low, the coins will have to wait less to generate a block reward, i.e. the coin will have less age so the block reward will be low. Similarly if the difficulty is high the block reward will increase cause the probability of the coins to make a PoS block will be less, so PoS blocks generated by the coins will be less but the interest rate has to be maintained at 2.5%; so to compensate for the lower block rate, the block reward will increase.

It's a fallacy that you need most of the coins in a PoS coin to attack it; it all depends on the difficulty. You can do an attack even if you have less than 1% of the coins. It's all on the difficulty.

tl;dr PND PoS is working as intended. As Bdanyo stated in 'The Daily Panda' - the higher the PoS difficulty, the better.

[halinyo]

Guys, can someone summarise this PND coin jump ? Why PND jump from 4-10 litoshi to over 100 litoshi ? Please summarise it in short way. Thank you.

[HunterS]

guys is there a multipool for panda which i can use my sha-256 miner on that anyone knows of

[bdanyo]

guys is there a multipool for panda which i can use my sha-256 miner on that anyone knows of

Currently only scrypt, with X11 and nscrypt being added towards the multipool before next Wednesday.

[HunterS]

guys is there a multipool for panda which i can use my sha-256 miner on that anyone knows of

Currently only scrypt, with X11 and nscrypt being added towards the multipool before next Wednesday.

no worries mate

[orrazib]

Guys, can someone summarise this PND coin jump ? Why PND jump from 4-10 litoshi to over 100 litoshi ? Please summarise it in short way. Thank you.

PND was a simple POW coin and @ 4 litoshi most of the dumpers who wanted quick money dumped and left the coin. The remaining PND community wanted to stick with the coin and wanted to find ways to improve it. The PND dev impressed with community's passion despite being so low priced decided to work on evolving the coin so it survives. A poll was held by the dev for asking what the next step should be. POS is what most of the community wanted and the dev promised to implement it. The news of all this development lead people into buying into the coin again since it wasnt going to die,  leading to a price rise.

And here we are with POS implementaton with the help of a growing dev team (of 7+ members)  that helped to implement  it and working on many more features

[bdanyo]

The Daily Panda

Wallet version 2.0.2 is now available. Mandatory wallet update!

Wallet version 2.0.2 is a mandatory update which corrects the issues that you have experienced during the PoS switch-over. It is now available on https://github.com/pandacoin-official/pandacoin, http://thepandacoin.org and as binary.

A few things to consider before updating:

1. You NEED to back up your wallet.dat. The software will automatically do a copy but it's better to be sure.
2. The wallet will take around 10 minutes reindexing so please be patient.
3. The wallet might crash and give an error after importing (Windows 7 has been tested successfully). This is okay - just start the wallet again and you should be good to go.

The wallet is available to download under the following links:
win32 standalone|win32 setup|mac|linux|src

Pandacoin (PND) has successfully transitioned to 100% PoS from 100% PoW!

Pandacoin (PND) had begun their PoW phase since Feb 16, 2014 and has been mined for 95 days. Pandacoin (PND) is now one of the rare PoS coins with such a long PoW phase, a duration of more than 3 months, to distribute the coins fairly out towards the community.

Current PoS Difficulty: 516.36273226

What is PoS Difficulty and why does it matter? - PoS difficulty is an indicator of how many wallets are open with many unspent transactions sitting in them. Generally, the higher the PoS difficulty, the better as it represents the amount of wallets that are open, and how secure our network is!

To read more about it, please check out our OP post here - https://bitcointalk.org/index.php?topic=568529.0

Can I still mine Pandacoin (PND) directly with my mining rig?

With Pandacoin (PND) as a pure PoS coin, you would not be able to mine it directly. Instead, you will mine other alternative crypto-currencies and exchange them for Pandacoin (PND) through our ever growing mhs multipool. This way, you will be able to still mine Pandacoin (PND) from the multipool, and help increase the value of Pandacoin (PND) at the same time.
 
Website: http://multi.pandapool.info
 
Subreddit: http://reddit.com/r/multipanda
Bitcointalk thread: https://bitcointalk.org/index.php?topic=552464.0
Email: admin at pandapool dot info
 
How does the Pandacoin (PND) multipool work?
 
The Pandacoin (PND) multipool automatically switches between coins to mine based on difficulty and price variations in order to be as profitable as possible for the miners. For payout, the multipool computes the proportional share of each miner over rounds that last four hours. Once a round is complete, and after the mined blocks become mature, the multipool exchanges all coins for Pandacoin (PND). Please note that due to the time required for block maturation, deposits and withdrawals on exchanges, payouts for a round are processed one hour after the end of the next one. The multipool also apply a fee of 1.25%, in addition to the exchange and transactions fees required by the operation

Join us!

We have implemented a Pandacoin (PND) IRC Lotto Faucet system, where you can type the following commands on our irc channel every 24 hours for a chance to win up to 10 million Pandacoins (PND): !lotto !panda or !gimme

It works by a lotto system, where you get one try every 24 hours:

Normal payouts = 300-500 PND
1/10 chance = 1,000 PND
1/100 chance = 10,000 PND
1/1,000 chance = 100,000 PND
1/10,000 chance = 1 million PND
1/100,000 chance = 10 million PND

So join us on #PandacoinPND on freenode.net to try out the Lotto-Faucet commands !lotto !panda !gimme, have a chance of winning up to 10 million Pandacoins (PND) every 24 hours and chat with the fellow Pandas and the dev team!

For the latest news and updates regarding our coin, check out our social media accounts:

Twitter: https://twitter.com/PandacoinPND
Facebook: https://www.facebook.com/Pandacoin.PND
Reddit: http://www.reddit.com/r/PandacoinPND

[PndaSanta]

Guys, can someone summarise this PND coin jump ? Why PND jump from 4-10 litoshi to over 100 litoshi ? Please summarise it in short way. Thank you.

going to be hard to summarize it, as there was heaps and heaps of factors that contributed to it. mainly dev team. but ill try my best to be succinct.

the dev team expanded from 2 to 7 ppl around a month and half ago, and things started happening:

- pandacoin pnd is now the fairest pos coin with 95 days of pow, which is unprecedented in the alt-currency market with no fast/pre/insta-mines or ipo. more and more people are starting to realize that. read the following investigations of many other famous and popular pos coins and why they are dangerous investments - www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

- since PND-Chinese joined the dev team (he is living in china, and is a chinese national), the chinese community is growing steadily and has grown the pnd weibo and qq chinese irc channel to 160 and 270 users respectively

- pandacoin pnd made mintpal history by being the first coin being delisted from btc markets and being deregulated to the ltc markets, only to have their btc markets relisted

- the dev team shown unprecedented persistence and dedication by never giving up on the coin even when it was trading below 5 litoshi (omg cheap lol wtfbbq) and maintained a daily presence in the thread and irc channel, always communicating with the community and answering questions. today/yesterday and them handling the issues with constant presence was the perfect example of their activity

- dev team released their vision for their coin - targeting Eastern markets, Western markets and the internet, with aims to be the gateway crypto-currency for the masses. this coin has the marketing right for many markets, and PND-Chinese already shown us the increasing popularity of it by the growing chinese community.

- pandacoin pnd has shown that it can evolve and keep up with technological changes so it remains relevant with the ever changing world of crypto (cough doge cough scrypt cough asics cough palmer)

- most interesting coin in terms of how it was birthed and created. it was created by a community initially to stop scammers and scumbags that manipulate the market. later it rebranded and kept it's 'anti scam coin' philosophy, by doing campaigns like "reimbursing asiacoin bagholders". many coins claim to be 'fair', 'honest' and 'anti-scam', but really, what have they done to show for it? did they defeat and screw with one of the most famous alt coin scammers in history? those coins are nothing but marketing fluff, when they say they are 'anti-scam'.

- pandacoin is one of the few coins with a high coin cap so that it could function as a currency -

I like the name but I'm getting sick of coins with ridiculous max amounts (over 10B)

It is these coins with a "ridiculous max amounts" that actually have serious plans to be widely used as a form of currency in the future, instead of being another 'alt-commodity' like bitcoin. Just think of most fiat currencies and see how much of it is in circulation. You don't see only 21 million USD being circulated and used worldwide do you?

I wonder if people later on when crypto is more mainstream and accepted by the majority of the populatoin, if they would psychologically prefer to pay 0.000309 of X cryptocurrency or 1.29 of Y cryptocurrency for a can of coke, or get paid a weekly wage of .309 of X cryptocurrency or 1290 of Y cryptocurrency.

Think about the above for a second, and have a read of the dev's official vision statement of the direction that they want to take the coin. Pandacoin (PND) has the fundamentals to be a serious contender to be THE gateway crypto for the internet, over in SE Asia, and even large parts of the Western market.

Think of what we're seeing now in the current alt-coin space as a dot-com bubble similar to what happened in the late 1990's. When the bubble crashes, the survivors will become the equivalent of the Googles, Ebays and Amazons of the future alt-coin space.

I personally predict that much of the coins that DO NOT have a 'ridiculous max amounts' will die off during the equivalent of the next 'alt-coin' crash. When you have a small coin cap, the coin is automatically grouped with Bitcoin. Most simply can not replace bitcoin, which have the first movers advantage, adoption and is still having infrastructure added towards their ecosystem.


Long story short - If a coin does not have a high coin cap, they are not a serious contender to be used as a form of currency at all, and shall die off in the next alt-coin crash, similar to the dot.com crash of the late 1990's. Pandacoin PND has all the fundamentals to be one of the survivors of that inevitable alt-coin crash, and has the inherent qualities which could make it function as a unit of exchange (definition of a currency) in the future.

[poneyfm]

Thanks for all the work on this coin.
To the moon, buy cheap now or miss this train