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

[BitcoinFX]

IF YOU BURN 10 COINS AT BLOCK 777, YOU CAN ONLY GET A POB REWARD FOR THAT ONE BLOCK. BLOCK 778 AND NO POB REWARD ? BURNT COINS GONE FOREVER.

Not at all, if you burn coins, you will be able to mine with them as long as your computer is on.

Still not had chance to check the code. However, this would seem to indicate that spent PoB coins (i.e. all burnt coins) do carry 'weight'.

Yes or No ?

EDIT: I presume 'Effective Burnt Coins' vs 'Decayed Burnt Coins' - otherwise that would be pointless.

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[Stormbringer]

I made conf file and started wallet, got:

WARNING: checkpoint is to old

Anyone else have this warning?

[glop]

I made conf file and started wallet, got:

WARNING: checkpoint is to old

Anyone else have this warning?

  Have you put the seeds node into it ?

[primer-]

So the silence begins again.

[Anotheranonlol]

how the hell you supposed to dig from a pi?

Digging from a pi is meant for PoB mining.

Ah ok I understand how any hardware can achieve PoB mining- any can do this hash calc reasonably once burnt and online.
the statement "More computers and higher computational power offers no advantage over slower computers" is true on PoB, yet it's not true when it comes to PoW, which is required bootstrap stage
so basically;  it absolutely does make a difference having say, 1000 cloud instances mining instead of 1 spare CPU?

I'm reading now about some who burn dozens of coins earlier. I've been digging pow for around 8 hours approx 6kh, and no block found.
so they must have either orders of magnitude more powerful hardware (no) or many more cpu's (more likely)
long story short; Anyone without large hashpower is still better of actually buying on market because they lack the CPU power to acquire the coins in PoW phase?

[Stormbringer]

I made conf file and started wallet, got:

WARNING: checkpoint is to old

Anyone else have this warning?

  Have you put the seeds node into it ?

conf:

addnode=76.127.202.17
addnode=96.237.174.192

is there new?

[glop]

how the hell you supposed to dig from a pi?

Digging from a pi is meant for PoB mining.

Ah ok I understand how any hardware can achieve PoB mining- any can do this hash calc reasonably. But you still the initial poW phase prior to burning requires strong effort.
In that phase it absolutely does make a difference having say, 1000 cloud instances mining instead of 1 spare CPU.
I'm reading now about some who burn dozens of coins earlier. I've been digging pow for around 8 hours approx 6kh, and no block found.
so they must have either orders of magnitude more powerful hardware (no) or many more cpu's (more likely)
so if I want to 'mine' on a pi I'm still better of actually buying on market because I lack the CPU power to acquire the coins in PoW phase right?

I have debian and 8 cores and made aprox 30 with pow

[Anotheranonlol]

I have debian and 8 cores and made aprox 30 with pow

I'm also using debian, 8 cores, Nothing yet. How long have you been mining for?
As i was typing this, a notification for incoming 15.95 SLM shows up  
I guess variance will be an issue on solo-mining along with these massive Amazon instances (100-1000) cpu per-time coming online. Patience is key until a pool shows up.

[NOjust]

anyone can send coins to my address in my sig ,and I want to join in to burn.

[BitcoinFX]

I made conf file and started wallet, got:

WARNING: checkpoint is to old

Anyone else have this warning?

  Have you put the seeds node into it ?

conf:

addnode=76.127.202.17
addnode=96.237.174.192

is there new?

Additional addnode's:

Code:

addnode=107.181.250.216
addnode=107.181.250.217

[glop]

Now it is OK,thx, it connected and synced,

Can anyone send coin so I can burn
SPyAGVG59oJJVHBgkB5gfnwT3p8ENudFCq

how did you acquire first coins?

  CPU Mining

[ltcnim]

how much khash do you guys get? I got an old Core i5 750 and I have 4 x 0.45khash. Is that even worth mining? ^^

[glop]

how much khash do you guys get? I got an old Core i5 750 and I have 4 x 0.45khash. Is that even worth minging? ^^

  Seems enough, but It will take long. With a certain amount of luck 1day for 1block.....

[glop]

I have very often this message in log file:

ERROR: ProcessBlock() : duplicate proof-of-burn


Is it a problem or the normal functioning status ?

[BitcoinFX]

IF YOU BURN 10 COINS AT BLOCK 777, YOU CAN ONLY GET A POB REWARD FOR THAT ONE BLOCK. BLOCK 778 AND NO POB REWARD ? BURNT COINS GONE FOREVER.

Not at all, if you burn coins, you will be able to mine with them as long as your computer is on.

Still not had chance to check the code. However, this would seem to indicate that spent PoB coins (i.e. all burnt coins) do carry 'weight'.

Yes or No ?

EDIT: I presume 'Effective Burnt Coins' vs 'Decayed Burnt Coins' - otherwise that would be pointless.

From the whitepaper...

" Burn Hash = multiplier * [Internal Hash] "

and

" Proof-of-Burn Block Generation Specifics ...

Like proof-of-stake block generation, the hashing operation occurs of over a select search space (one hash per burn
transaction per proof-of-work block). The hardware required to maintain that hash operation is minimal, thus the energy
consumption and hardware maintenance can be considered to be near none. The block generation of proof-of-burn scales
linearly, meaning if 200 coins were burned and subsequently generated 10 proof-of-burn blocks over the course of 1 day, it
can be expected that if 40 coins were to be burned, 2 proof-of-burn blocks would be generated over the course of that same
day, assuming the effective burnt coins in the network remained constant. ... "

So, all is well.

[MickGhee]

will someone tell me how to mine pow portion

[glop]

will someone tell me how to mine pow portion

   you have to turn on the setgenerate option on you wallet

[gjhiggins]

I have very often this message in log file:

ERROR: ProcessBlock() : duplicate proof-of-burn


Is it a problem or the normal functioning status ?

FWIW, I'm seeing those error messages too.

Cheers,

Graham

[primer-]

IF YOU BURN 10 COINS AT BLOCK 777, YOU CAN ONLY GET A POB REWARD FOR THAT ONE BLOCK. BLOCK 778 AND NO POB REWARD ? BURNT COINS GONE FOREVER.

Not at all, if you burn coins, you will be able to mine with them as long as your computer is on.

Still not had chance to check the code. However, this would seem to indicate that spent PoB coins (i.e. all burnt coins) do carry 'weight'.

Yes or No ?

EDIT: I presume 'Effective Burnt Coins' vs 'Decayed Burnt Coins' - otherwise that would be pointless.

From the whitepaper...

" Burn Hash = multiplier * [Internal Hash] "

and

" Proof-of-Burn Block Generation Specifics ...

Like proof-of-stake block generation, the hashing operation occurs of over a select search space (one hash per burn
transaction per proof-of-work block). The hardware required to maintain that hash operation is minimal, thus the energy
consumption and hardware maintenance can be considered to be near none. The block generation of proof-of-burn scales
linearly, meaning if 200 coins were burned and subsequently generated 10 proof-of-burn blocks over the course of 1 day, it
can be expected that if 40 coins were to be burned, 2 proof-of-burn blocks would be generated over the course of that same
day, assuming the effective burnt coins in the network remained constant. ... "

So, all is well.

No, i dont get the Proof-of-Burn Block Generation Specifics. It does not touch on anything other than the fact that proof-of-burn scales linearly.

[slimcoin]

ERROR: ProcessBlock() : duplicate proof-of-burn

That is normal. What it means is that the incoming proof-of-burn block has already been seen and catches it early and denies it. It is used to prevent DoS attacks.