[ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!

[xlcus]

I can't sync
My desktop gets stuck at 10559. I tried deleting EVERYTHING a few times, always the same.
So I tried an external server. Fresh install, never seen SLM before, gets stuck at 624!

Been trying since hours now, delete everything in .slimcoin except the config with the nodes, restart slimcoind - and it always stops at the same blocks.

./slimcoind getmininginfo
{
    "blocks" : 624,


./slimcoind getconnectioncount
25

Read the previous posts. Seems it's a common problem with the wallet.

[1714515219]

1714515219

[LIghtvelocityCoin]

Where is the dev?  We need the dev's update on wallet. 

[jadefalke]

i my wallet doesn't get thru block 11256

[jadefalke]

looks like we have already multiple chains again...

[LIghtvelocityCoin]

it's panic time.... 

[primer-]

I've been saying it all along, this is the most incompetent dev i've ever had the 'pleasure' of dealing with.

[ynyjl]

$ CFLAGS="-03 -march=native" ./configure
checking build system type... x86_64-unknown-cygwin
checking host system type... x86_64-unknown-cygwin
checking target system type... x86_64-unknown-cygwin
checking for a BSD-compatible install... /usr/bin/install -c
checking whether build environment is sane... yes
checking for a thread-safe mkdir -p... /usr/bin/mkdir -p
checking for gawk... gawk
checking whether make sets $(MAKE)... yes
checking whether make supports nested variables... yes
checking whether to enable maintainer-specific portions of Makefiles... no
checking for style of include used by make... GNU
checking for gcc... gcc
checking whether the C compiler works... no
configure: error: in `/home/dfs/slimminer':
configure: error: C compiler canno

why?
help!

It should be:

Code:

CFLAGS="-O3 -march=native" ./configure

not

Code:

CFLAGS="-03 -march=native" ./configure

so, it's an uppercase "o" not a zero.

done.
tks!

[sandor111]

Someone good at math calculate PoB reward when 200,000 coins are burnt. 77k burnt so far and reward keeps dropping fast, currently at 19SLM.
Same for PoW. We are at 11/12 now, what happens when diff goes up by 10x or 100x ? Current difficulty : 0.01124055 , what would the reward be at difficulty 1.11240555 ?

Does the reward drop linearly or will it eventually stop at XX ?

EDIT: Reward looks broken to me.. Actually i am sure it is.

ANYONE ? THOUGHTS ?

The reward is based on the network hashrate AFAIK.

Yes and its broken! If the hash rate goes up by a 10x or 100x the reward will be so small it will be useless. 10x the current hashrate = PoW reward 1SLM ?? 800k burnt coins (should happen within a week or two) PoB reward 2SLM ?
Keep in mind difficulty/hash rate is so small its as if we launched yesterday. If the coin survives another week or two an increase of 10x or 100x is to be expected.

Take a look at devs OP :
Proof-of-Burn blocks: max 250 coins
Proof-of-Work blocks: max 50 coins
This was valid for the first 5 minutes after launch. The first PoB block i received was only worth 64SLM (30. May at 18:50CET). The first PoW block i mined, and i mined block #2, was 42SLM

BROKEN!!!!!!!!!!!!!!!!!

*Unless it stops at one point, eg lowest PoW reward = 10 , lowest PoB reward = 10 ? I seriously doubt it though, dev is too stupid. I cant read C , someone who can please give it a look.

I agree. It's counter intuitive IMHO. For a coin to grow, the network hashrate has to grow... There is no way around it.

[primer-]

Not sure you are getting the point, the reward system is broken, the rewards, both PoW and PoB are getting smaller at a much faster rate. If difficulty/network hash was to increase by 10x or 100x the reward would be almost non existant.

[sandor111]

Not sure you are getting the point, the reward system is broken, the rewards, both PoW and PoB are getting smaller at a much faster rate. If difficulty/network hash was to increase by 10x or 100x the reward would be almost non existant.

I get your point, the block reward is based solely on difficulty. It's difficult to express mathematically, because it uses some sort of incremental formula to calculate the block reward, it stops when the lower bound = upper bound.
Here is the pseudocode:

Code:

maxreward = 50 // or 250 for PoB
lower = 0.01
upper = maxreward
while(lower + 0.01 <= upper)
{
    mid = (lower + upper)/2
    if(mid > maxreward/(diff^(1/4)))
        upper = mid
    else
        lower = mid
}
reward = upper
reward = (reward/100)*100 // cut off decimals below 1 cent

I don't have any graphing software here, but anyone willing to run this code and generate a graph with the reward based on difficulty, ranging from 0 to 1?

[thcst8]

So everytime I hit a POS block.  My wallet won't sync and I lose the coins since they are being staked. 

Will a wallet update fix this issue?  My # of slim coins keep going down after they stake.

[Not_WEB]

So everytime I hit a POS block.  My wallet won't sync and I lose the coins since they are being staked. 

Will a wallet update fix this issue?  My # of slim coins keep going down after they stake.

Where is dev. This issue need quick fix.

[TheRealSteve]

I don't have any graphing software here, but anyone willing to run this code and generate a graph with the reward based on difficulty, ranging from 0 to 1?

Looks like this:


Or like this:


Looks more awesome like this, though:

[Domagoj]

My wallet can't sync.
I tried to close & open, but it stops syncing. 

[primer-]

I don't have any graphing software here, but anyone willing to run this code and generate a graph with the reward based on difficulty, ranging from 0 to 1?

Looks like this:

what is this, diff should be the other way around. PoB difficulty should only relate to # of burnt coins not the hash rate.

[TheRealSteve]

what is this, diff should be the other way around. PoB difficulty should only relate to # of burnt coins not the hash rate.

Just imagine it the correct way, then
( the PoB subsidy is unrelated, was just checking against MAX_MINT_PROOF_OF_BURN and bnProofOfBurnLimit )

[primer-]

what is this, diff should be the other way around. PoB difficulty should only relate to # of burnt coins not the hash rate.

Just imagine it the correct way, then
( the PoB subsidy is unrelated, was just checking against MAX_MINT_PROOF_OF_BURN and bnProofOfBurnLimit )

What is this amateur hour ? Do it right man, make a new one. So at diff 1 reward goes to zero ? something is not right here.

[TheRealSteve]

What is this amateur hour ? Do it right man, make a new one. So at diff 1 reward goes to zero ? something is not right here.

Always. No. It's the target, not the diff

[bitspender]

0.1BTC BOUNTY for a private pool setup guide on Ubuntu or Windows server.
Bounty is released once pool proves to be working after 1h of mining.

Conditions: I need to be able to point all my remote rigs to a single wallet

Bounty still valid !

[rfcdejong]

How much are you people burning?
This is mine currently..

"Net Burnt Coins" : 314.77400400,
"Effective Burnt Coins" : 312.86937900,
"Immature Burnt Coins" : 0.00000000,
"Decayed Burnt Coins" : 1.90462500

burnt only 12 coins more now..

"Net Burnt Coins" : 326.04721200,
"Effective Burnt Coins" : 323.92589700,
"Immature Burnt Coins" : 0.00000000,
"Decayed Burnt Coins" : 2.12131500

and burnt another 17... still not finding PoB blocks

"Net Burnt Coins" : 342.94665600,
"Effective Burnt Coins" : 340.44341300,
"Immature Burnt Coins" : 0.00000000,
"Decayed Burnt Coins" : 2.50324300