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Author Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!  (Read 284946 times)
scott0577
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May 30, 2014, 08:02:44 PM
 #761

How do you know if you find a block??
ekoja
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May 30, 2014, 08:04:48 PM
 #762

How do you know if you find a block??

on the command line, type
listtransactions
Mrrr
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May 30, 2014, 08:32:25 PM
 #763

Marketcap is 250 million, spread over 15 years.

I was pointing at the rather absurd asks on bter.com

burp...
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May 30, 2014, 08:44:15 PM
 #764

Marketcap is 250 million, spread over 15 years.

I was pointing at the rather absurd asks on bter.com

Reasonable price is 0.0065, only 1 mill coins will be produced in the first year.

EDIT : Maybe i am wrong, anyhow, 100 burnt coins today = a fortune in 1 month time.
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May 30, 2014, 08:45:32 PM
Last edit: May 30, 2014, 08:59:27 PM by r0ach
 #765

Do we have any additional nodes? I tried restarting my wallet and now the nodes won't connect.

This wallet won't sync for me either.  Nevermind, took about 10-20 minutes.

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TheRealSteve
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May 30, 2014, 09:15:45 PM
 #766

2 days have passed since launch – as there's no block explorers and the like yet, here's some basic graphs:
 
 
 
 

Note that the exchanges only just launched, you can check out their real time graphs (and, of course, trade):

Like this post? Donate Slimcoin: STDpqwvEC6banMNzfNYDTuZy8xspHpGuNj

BitcoinFX
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May 30, 2014, 09:16:24 PM
 #767

Do we have any additional nodes? I tried restarting my wallet and now the nodes won't connect.

This wallet won't sync for me either.  Nevermind, took about 10-20 minutes.

The additional addnode's I posted have some downtime.

Not sure if the original slimcoin nodes (the first 2 IP's in OP) are still online.

Anyway, mine should be back up soon hopefully.

"Bitcoin OG" 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp | Bitcoin logo™ Enforcer? | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | BTC on Tor addnodes Project | Media enquiries : Wu Ming | Enjoy The Money Machine | "You cannot compete with Open Source" and "Cryptography != Banana" | BSV and BCH are COUNTERFEIT.
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May 30, 2014, 09:19:55 PM
 #768

2 days have passed since launch – as there's no block explorers and the like yet, here's some basic graphs:
...

Note that the exchanges only just launched, you can check out their real time graphs (and, of course, trade):

Like this post? Donate Slimcoin: STDpqwvEC6banMNzfNYDTuZy8xspHpGuNj


Please, explain "Forcing"...

Btw, gorgeous graphs! Like the histogram layout in "Forcing" (although i think i don't fully understand it)

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May 30, 2014, 09:52:52 PM
 #769

wallet not sync. i have following nodes:

addnode=107.181.250.216
addnode=107.181.250.217
addnode=76.127.202.17
addnode=96.237.174.192

i deleted all except wallet. no luck

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May 30, 2014, 10:05:24 PM
 #770

Marketcap is 250 million, spread over 15 years.

I was pointing at the rather absurd asks on bter.com

Reasonable price is 0.0065, only 1 mill coins will be produced in the first year.

EDIT : Maybe i am wrong, anyhow, 100 burnt coins today = a fortune in 1 month time.

Does anyone know if I have to be "mining" (i.e. setgenerate true) for the burned coins to mint? Or will they do it passively once they've been burned?

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May 30, 2014, 10:08:25 PM
 #771

you mine regular block then burn

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May 30, 2014, 10:08:55 PM
 #772

i got my wallet sync after reboot.

TheRealSteve
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May 30, 2014, 10:09:12 PM
Last edit: June 02, 2014, 09:50:42 PM by TheRealSteve
 #773

Please, explain "Forcing"...

Btw, gorgeous graphs! Like the histogram layout in "Forcing" (although i think i don't fully understand it)
Thanks for not quoting the entire post - it vexes me greatly (insofar as anything on the interwebs is vexing) when people do that Cheesy

I'll just go over each graph real quick and go over that one a bit more in detail.

Estimated Hash Rate - Pretty much just that.  There's two ways to measure this on most coins, but due to constant difficulty adjustment in Slimcoin, one of those methods would need a bit more work.  Thus the method used here is to work back from the difficulty-per-block and taking an average, ditching any outliers using a pretty naive trim function.  Good enough for an estimate anyway.

Fractional Difficulty - The difficulty, expressed as a fraction, as reported for each block.  Again, Slimcoin adjusts difficulty constantly, so expect to see this jumping around pretty wildly, but with an overall upward trend (as long as more hashing power gets thrown at it anyway).

Min(t)ing - The amount of Slimcoins mined per block.  The two mining methods - Proof-of-Work and Proof-of-Burn - can quite clearly be seen here, with PoB yielding higher rewards, but occurring far less frequently.  There's also a small indication of the Proof-of-Stake adjustment events (don't ask, google 'proof of stake').
Older graphs also showed and a sum of the mined Slimcoins.  This was moved to the Coin Supply graphs.

Forcing - a pretty arbitrary measure of how the hash rate is affecting the difficulty.  There's several ways to graph this, but I settled on this one due to the difficulty being adjusted each block.

If a block is found in half the time that is intended (the intended duration between blocks, for a coin with a fixed duration - for Slimcoin that's 90 seconds) to be found, then there's a 2x forcing factor.  If a block is found in twice the time, then there's a -2x (actually 0.5, but LibreOffice doesn't seem to offer the appropriate graphing style when using fractions) forcing factor.  Ideally they should all hover around +1 and -1, and all is well.  Right now, a majority of them (not by much though) sit at greater-than +1, meaning hash rate overall is climbing.
( For Bitcoin, for example, this is pretty much the case since the last drop in hash rate due to market panic - ever since, the influx of hash rates has been greater than the adjustment (every ~2016 blocks) keeps up, resulting in difficulty adjustments every ~12 days, instead of the intended 14 days. )

You might also see a few samples between -1 and +1 - these shouldn't be happening, as they're the result of the time difference between two subsequent blocks being negative.  As far as I understand it from the Bitcoin network, the timestamp is pretty much supplied by the miner, and their clock is allowed to be off by some amount of time, which can result in block N being at time t, and block N+1 being at time t-x .  Thankfully, these are rare Smiley
Though if the miner behind, say, Block 1400 could check that their miner is actually syncing with an NTP server, that'd be great as their clock is ~5-7 minutes fast Wink

The histogram just makes it a bit easier to interpret than the cloud of dots - it counts each value as it occurs between two whole numbers.  The exact number isn't that interesting, the occurrence relative to other bins is.

Block size and Transaction count - Exactly what it sounds like.  The least interesting graph (to me), other than showing a nice correlation with the beginning of Proof-of-Burn blocks.

Block Nonce - The nonce value used in each found block.  When mining, the software basically starts at a given value, makes a hash, adds 1, makes a hash, etc. etc. until it's got one that yields a valid Proof-of-Work block (the nonce for Proof-of-Burn is always zero and isn't shown - mostly because you can'y have 0 in a logarithmic scale chart Cheesy).  Don't worry about there being two bands, that's just due to the way the nonce loop works.  I also wouldn't recommend trying to play the numbers game based on its display, the logarithmic scale can be deceiving - on a linear scale (the light blue dots in later graphs), it's a nice even distribution (within the confines of the nonce loop).

Block Height - exactly what it sounds like.  For Slimcoin, this should be a nice linear line.  You can see that in the early hours of the coin there's a bit of a wobble as there was a huge influx of hash rate, causing blocks to be found a lot faster than they 'should have', the network reacts, and it's been pretty stable since.  In later graphs, this also shows the 'burnBlkHeight' ('burn height'), which is "the nHeight of the block holding the burn transaction", and so should appear fairly random (as long as people randomly burn coins, too) and always below the main Block Height line.  Further graphs additionally show a 'clock error' indicator, for those blocks that have a timestamp that is half an hour or more off from what they should have been.

Exchange rate - also exactly what it sounds like.  The exchanges haven't been up for very long yet, so expect these values to be...what they are.  They'll settle eventually.

Coin Supply - (only in later posts) Shows graphs for some of the Coin Supply stats in the block chain, and derived values.  supply is the 'moneysupply' parameter, burned is the 'nEffectiveBurnCoins' parameter.  mint sum is a combination of PoW sum and PoB sum[/s], which are the sum of all minted coins for each of the two block types.  The difference between the mint sum and the supply is shown as mint-supply on the secondary axis.  There's also a pink squiggly line that is probably best ignored, but essentially is the difference between i]burned and PoB sum.

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May 30, 2014, 10:10:41 PM
 #774

Popular misconception:

Quote
currently i turned off after i burned coin...even I restart the wallet...so the coins which I used to burn are no longer work for me?? that's means these coins are wasted??

No, it means that when you turn off (close) your wallet, you will not be PoB mining. When you turn it on again, you are up and mining using the burnt coins from before.

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May 30, 2014, 10:15:44 PM
 #775

Quote
i got my wallet sync after reboot.

Have you set an rpc user and pass?

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May 30, 2014, 10:18:08 PM
 #776

Is there a pool or is it still big farm only ?

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May 30, 2014, 10:24:31 PM
 #777

Added exchange to front page.

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May 30, 2014, 10:25:29 PM
 #778

Quote
Is there a pool or is it still big farm only ?

There are no pools for Slimcoin yet but there is progress in creating one.

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May 30, 2014, 10:33:59 PM
 #779

How do I use CPU for mining



I'm WIN system
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May 30, 2014, 10:35:09 PM
 #780

Guys stop dumping at 0.002!! Difficulty is x7 times what it was before the bter launch.
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