The Daily Panda
Pandacoin (PND) Proof of Stake FAQ released!A highly requested document from the community, the Pandacoin (PND) development team have compiled a FAQ addressing many of the commonly asked questions in regards to PoS.
Check it out if you would like to know more about how PoS and staking works:
http://thepandacoin.org/doc/pos_faq.pdfCan 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.
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 Twitter:
https://twitter.com/pndpoolSubreddit:
http://reddit.com/r/multipandaBitcointalk thread:
https://bitcointalk.org/index.php?topic=552464.0Email: 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
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|
srcPandacoin (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: PoS Difficulty: 853.25602796What 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 find out more about PoS and how staking works, please check out our FAQ here -
http://thepandacoin.org/doc/pos_faq.pdfJoin 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/PandacoinPNDFacebook:
https://www.facebook.com/Pandacoin.PNDReddit:
http://www.reddit.com/r/PandacoinPND
