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

[primer-]

Waiiiit, so what happens at block 500 for example, how much is a pow reward ?

[1714864732]

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[1714864732]

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[BitcoinFX]

Waiiiit, so what happens at block 500 for example, how much is a pow reward ?

The block reward won't be much below 15 SLM for a good number of PoW blocks, I'm guessing.

Well worth trying to mine a block for the PoB reward.

~ 520 confirmations required on mined PoW blocks before coins can be spent or burnt.

[glop]

520 confirmations required on mined PoW blocks before coins can be spent or burnt.

   Need to be patient.......    ;    but I have first to catch something myself...

[qiuxiang]

Waiiiit, so what happens at block 500 for example, how much is a pow reward ?

It depends on difficulty?
Can the developer show the equation of
coin_output=f(diff)?

[primer-]

Waiiiit, so what happens at block 500 for example, how much is a pow reward ?

The block reward won't be much below 15 SLM for a good number of PoW blocks, I'm guessing.

Well worth trying to mine a block for the PoB reward.

~ 520 confirmations required on mined PoW blocks before coins can be spent or burnt.

How does it work if you dont mine and buy instead ? Does it burn by itself when mature or do you initiate the burn ? how ?

[forzendiablo]

scam or it really works?

[qiuxiang]

Code:

addnode=107.181.250.216
addnode=107.181.250.217

Very innovative and interesting concept - Slimcoin - Congrats!  

The next Primecoin / Peercoin even !?!  

I agree with you, it is very innovative.

[primer-]

Someone explain how burning works, lets say i mined two blocks, total 60 coins. What do i get by burning them ?

[glop]

Yes !!!! Got my first block !!!!

[glop]

Someone explain how burning works, lets say i mined two blocks, total 60 coins. What do i get by burning them ?

  It seems acting like hash power to create more coin in the burning process. Instead to buy material with coin , ... you burn coin... very similar

[primer-]

Someone explain how burning works, lets say i mined two blocks, total 60 coins. What do i get by burning them ?

  It seems acting like hash power to create more coin in the burning process

Can you burn them and not get any in return ?

[qiuxiang]

Yes !!!! Got my first block !!!!

Congradulation

[BitcoinFX]

Someone explain how burning works, lets say i mined two blocks, total 60 coins. What do i get by burning them ?

PoB reward is a max. of 250 Slimcoins - So, guessing that it will be from 0 to 250 ? (Need to check the code - busy setting up instances etc.)

Not sure at present if PoB has a 'difficulty' as such or is just a luck based variable ?

[qiuxiang]

Someone explain how burning works, lets say i mined two blocks, total 60 coins. What do i get by burning them ?

  It seems acting like hash power to create more coin in the burning process

Can you burn them and not get any in return ?

you'd better ask dev

[SyRenity]

How to check on Linux console, if any block was mined?

Also, any pools incoming?

[glop]

Yes !!!! Got my first block !!!!

Congradulation

   I was just a bit worry about my conf, after 1 hour.....

[xx63245613]

burn coin?i like it

[BitcoinFX]

In the future, if/when Slimcoins have a 'value', folks are going to be looking at: Net Burnt Coins: x and be saying wow - those are now worth X $$$  

Reducing the total money supply will make existing coins in circulation worth more, of course.

Keep mining this one - it could pay of really well !

[signingoff]

I want to buy to burn, please pm me.

[glop]

burn coin?i like it

   Specially if it is well toasted !