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

[chiguireitor]

Slimcoin, please, add "sendrawtransaction" to the RPC interface.

Why?

I'm creating a transaction server which creates the transactions from scratch, and i'm not going to implement the whole protocol because that's pointless currently. So, it would be nice if the slimcoin wallet/daemon had this json-rpc command to allow sending the aforementioned transactions to the network.

If this is implemented, i'll enable slimcoin for my IAPs system

[Stealthfriar]

Hi, guys. what i need to do for synchronyse after 15157 block?

Are you stuck on that block. Getting stuck there happens when you update the client by did not delete the addr.dat, blkindex.dat, and blk0001.dat files. Delete those files, add the nodes on the OP sample config, and restart and you should sync.

Thanks! it work)

[glop]

So what will happen when I find a PoB block? When will I find it? So far burned 1.430847 SLM, running slimcoind -daemon 24/7 and nothing for three days. How can I verify it is working properly? slimcoind calcburnhash always says "unable to calculate burn hash" and with printAnyways option set to true the hash is all f's.

look at https://bitcointalk.org/index.php?topic=613213.msg7525656#msg7525656

[rfcdejong]

It seems i reached my 1% target on burning, think i go to 2%

Found two small PoB blocks past hours, 19.11 and 19.12

"Net Burnt Coins" : 1296.07187200,
"Effective Burnt Coins" : 1109.06803900,
"Immature Burnt Coins" : 179.28000000,
"Decayed Burnt Coins" : 7.72383300

"nBurnBits" : "1d021bc2",
"Formatted nEffectiveBurnCoins" : "101851.805624"

((1109.068039+179.28) / 101851) * 100 = 1.265% of the network

While burning all coins i mine, i'm slowly going up in % of the network

"Net Burnt Coins" : 1581.85453500,
"Effective Burnt Coins" : 1523.40332800,
"Immature Burnt Coins" : 47.81000000,
"Decayed Burnt Coins" : 10.64120700

"nBurnBits" : "1d01c36a",
"Formatted nEffectiveBurnCoins" : "121805.056056"

((1523.403328+47.81) / 121805) * 100 = 1.289% of the network


PS: I'm finding only 1 PoB a day, sometimes two.. size 18.06 SLM

[glop]

It seems i reached my 1% target on burning, think i go to 2%

Found two small PoB blocks past hours, 19.11 and 19.12

"Net Burnt Coins" : 1296.07187200,
"Effective Burnt Coins" : 1109.06803900,
"Immature Burnt Coins" : 179.28000000,
"Decayed Burnt Coins" : 7.72383300

"nBurnBits" : "1d021bc2",
"Formatted nEffectiveBurnCoins" : "101851.805624"

((1109.068039+179.28) / 101851) * 100 = 1.265% of the network

While burning all coins i mine, i'm slowly going up in % of the network

"Net Burnt Coins" : 1581.85453500,
"Effective Burnt Coins" : 1523.40332800,
"Immature Burnt Coins" : 47.81000000,
"Decayed Burnt Coins" : 10.64120700

"nBurnBits" : "1d01c36a",
"Formatted nEffectiveBurnCoins" : "121805.056056"

((1523.403328+47.81) / 121805) * 100 = 1.289% of the network


PS: I'm finding only 1 PoB a day, sometimes two.. size 18.06 SLM

I think that's correct , same for me.

    My main problem is: Everybody burn approximately at the same rate as me and my percentage remains almost constant.  
    The issue is that increasing the number of burnt coin affect the number of coin by block and the profitability as well as the rate of decayed burnt coins.

    My main concern is: if I burn every coin I mine what will be the benefit future as first the reward is going down and second the decayed burnt coin is going up quickly



It is going to be very interesting to see where is the limit..... IE: When people are going to stop burning coins because the expectation of gain is going close to zero.

 

 

[AlfaONE]

what the/...

[JohnDorien]

what the/...

ye very productive comment...

everybody contact bter their SLM still does not work; twitter, mail, contact form whatever you imagine

[kbs1]

So what will happen when I find a PoB block? When will I find it? So far burned 1.430847 SLM, running slimcoind -daemon 24/7 and nothing for three days. How can I verify it is working properly? slimcoind calcburnhash always says "unable to calculate burn hash" and with printAnyways option set to true the hash is all f's.

That's too little burnt coins to generate something in a long long time

Yay I found a PoB block! Wallet shows type "Mint by burn", Amount shows 28.967256; 324 confirmations. However when I double click the transaction I get:

Code:

Status: 324 confirmations
Date: 6/26/14 18:37
From: unknown
To: SiQhkWv9BaCSeUyfgNuLvE9AjFXXtDudgP (yours)
Credit: 0.1048 SLM
Net amount: +0.1048 SLM
Transaction ID: b818968023b45e6000319e1da3136acf88b58cc6f6a163d807d076d1990cb2cd

How come? Wallet balance is no close to 28 SLM. Are 510 confirmations needed again or did I really get just 0.1048 SLM? Why does 'Amount' show 28.967256 then?

[rfcdejong]

So what will happen when I find a PoB block? When will I find it? So far burned 1.430847 SLM, running slimcoind -daemon 24/7 and nothing for three days. How can I verify it is working properly? slimcoind calcburnhash always says "unable to calculate burn hash" and with printAnyways option set to true the hash is all f's.

That's too little burnt coins to generate something in a long long time

Yay I found a PoB block! Wallet shows type "Mint by burn", Amount shows 28.967256; 324 confirmations. However when I double click the transaction I get:

Code:

Status: 324 confirmations
Date: 6/26/14 18:37
From: unknown
To: SiQhkWv9BaCSeUyfgNuLvE9AjFXXtDudgP (yours)
Credit: 0.1048 SLM
Net amount: +0.1048 SLM
Transaction ID: b818968023b45e6000319e1da3136acf88b58cc6f6a163d807d076d1990cb2cd

How come? Wallet balance is no close to 28 SLM. Are 510 confirmations needed again or did I really get just 0.1048 SLM? Why does 'Amount' show 28.967256 then?

bug, ignore the transaction tab for "mint by burn"

to see if you acually burned something, type the following in the debug window

Code:

listtransactions "*" true

[amanno44]

can someone give me a working conf file. nodes in OP get stuck at block 15157

[rfcdejong]

can someone give me a working conf file. nodes in OP get stuck at block 15157

my wallet is connected to the following ip's, you could try those for the time being.

108.7.224.149
107.181.250.216
112.253.28.68
146.185.168.142
80.220.73.247
96.237.174.192
76.127.202.17

[glop]

can someone give me a working conf file. nodes in OP get stuck at block 15157

read:

https://bitcointalk.org/index.php?topic=613213.msg7526028#msg7526028

[glop]

So what will happen when I find a PoB block? When will I find it? So far burned 1.430847 SLM, running slimcoind -daemon 24/7 and nothing for three days. How can I verify it is working properly? slimcoind calcburnhash always says "unable to calculate burn hash" and with printAnyways option set to true the hash is all f's.

That's too little burnt coins to generate something in a long long time

Yay I found a PoB block! Wallet shows type "Mint by burn", Amount shows 28.967256; 324 confirmations. However when I double click the transaction I get:

Code:

Status: 324 confirmations
Date: 6/26/14 18:37
From: unknown
To: SiQhkWv9BaCSeUyfgNuLvE9AjFXXtDudgP (yours)
Credit: 0.1048 SLM
Net amount: +0.1048 SLM
Transaction ID: b818968023b45e6000319e1da3136acf88b58cc6f6a163d807d076d1990cb2cd

How come? Wallet balance is no close to 28 SLM. Are 510 confirmations needed again or did I really get just 0.1048 SLM? Why does 'Amount' show 28.967256 then?

bug, ignore the transaction tab for "mint by burn"

to see if you acually burned something, type the following in the debug window

Code:

listtransactions "*" true

You can also into the console type getinfo,
if you have any POB you should have something diff of zero in  :    "newmint" : 0.00000000,


   Anyway, with 1.4 burnt coins your chance to catch a block is very low, ( at least 5 years 24/7 )

[primer-]

What is going on at BTER, why are deposits still disabled ? How incompetent are they, they tweeted yesterday deposits have been enabled, one day later we are still unable to deposit...

[kalisto]

Stumbled upon this coin and needed some time to get a better understanding.

If im right the initial coins get generated by PoW.
These coins can then be used for PoB mining.
The more coins you Burn the bigger the chance is you will find a PoB block.
After some time the rewards on PoW goes down and reward of PoB goes up.
So to get into the PoB flow you need to Burn your coins.
This makes PoW coins scarce and will drive up the exchange price.
Also if you keep burning your rewards your power increases on the network and your rewards willbe bigger.

Sound to me like the best Ponzi in life isnt it?
Also i dont see nothing about PoS and the reward structure on this?

Can someone maybe clear these thing up, thx 

Anyway interesting concept for sure!!

[JohnDorien]

What is going on at BTER, why are deposits still disabled ? How incompetent are they, they tweeted yesterday deposits have been enabled, one day later we are still unable to deposit...

It's a feature not a bug

[primer-]

What is going on at BTER, why are deposits still disabled ? How incompetent are they, they tweeted yesterday deposits have been enabled, one day later we are still unable to deposit...

It's a feature not a bug

...deposits will be enabled soon-ish...

[glop]

YES -  If im right the initial coins get generated by PoW.
YES -  These coins can then be used for PoB mining.
YES -  The more coins you Burn the bigger the chance is you will find a PoB block.
NO -   After some time the rewards on PoW goes down and reward of PoB goes up.
YES -  So to get into the PoB flow you need to Burn your coins.
NO  -  This makes PoW coins scarce and will drive up the exchange price.
NO  -  Also if you keep burning your rewards your power increases on the network and your rewards willbe bigger.

[primer-]

YES -  If im right the initial coins get generated by PoW.
YES -  These coins can then be used for PoB mining.
YES -  The more coins you Burn the bigger the chance is you will find a PoB block.
NO -   After some time the rewards on PoW goes down and reward of PoB goes up.
YES -  So to get into the PoB flow you need to Burn your coins.
NO  -  This makes PoW coins scarce and will drive up the exchange price.
NO  -  Also if you keep burning your rewards your power increases on the network and your rewards willbe bigger.

You are making it too easy for the newcomers, dev kept us in the dark for weeks.....

[kalisto]

YES -  If im right the initial coins get generated by PoW.
YES -  These coins can then be used for PoB mining.
YES -  The more coins you Burn the bigger the chance is you will find a PoB block.
NO -   After some time the rewards on PoW goes down and reward of PoB goes up.
YES -  So to get into the PoB flow you need to Burn your coins.
NO  -  This makes PoW coins scarce and will drive up the exchange price.
NO  -  Also if you keep burning your rewards your power increases on the network and your rewards willbe bigger.

You are making it too easy for the newcomers, dev kept us in the dark for weeks.....

Weeks? This is what i understand after skimming through the OP, website & whitepaper and a few hours to let it sink.
Didn't noticed this coin untill today..

Anyway thx glop! Primer just wants to have his monopoly, we already know this from other coins  
He can have a small part of the pie