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

[reflector]

I hope the dev has not left. Nothing that the developer of course does not know already. But this coin is just an absolutely wonderful idea that can start a new breed of coins.

Just some thoughts, i hope i didn't get them wrong

- Proof of Burn
      - Technological independence
            - Mining with almost any hardware with the same possibilities as those with advanced one
                  - More spreaded
                  - More fair
                  - Many different hardware configurations could be used for maximum spread and adoption
                            - Mobile phones
                            - Router
                            - TV
                            - Your PC
                            - whatever
            - Asic resistant
                  - Money normally invested on Asics goes directed to the slimcoin economy instead of leaving crypto economy. Can you imagine bitcoin without price selling 3600 coins every day to feed miners?
                  - No need to wait for asic orders to manufacturers (no scams, no delays)
                  - The equipment manufacturers are not on a single country with monopoly on chips (it gives resistance to technology industry manufacturers centralization attacks)
                  - Pool resistant, although there can be POW pools they will never get a 51% of the network
                  - Easy to calculate the ROI of your "POB mining operation" just knowing the total amount of burned coins at the moment and your share of those. You can just burn a few more if needed instantly. No need to montly plans with preorders (available to everyone and easy)
            - Solves the limited number of node problem bitcoin suffers, because everybody can have its own farming factory on its pc, or in its mobile and it is incentivized.
      - Energy independence (no need for a huge industrial area to setup your mining farm, just your wallet is needed)
            - The network can be spreaded all over the world, not just on zones with cheap electricity (it gives resistance to cheapest electricity centralization attacks & it also gives maximum and fair node spread)
            - Ecological
      - It could be the coin for the "Internet of things" where the blockchain trust technology could be adopted for any device, your fridge, your mobile, etc.
      - Proof of Burn shows the path for other ideas like "investment" possiblities on the same wallet. You just burn and you get some ROI attached to the same mining protocol. Maybe even a lend/borrowing model could be added?
      - Maybe even the proof of burn could be used to add anonimity. You have a second button on your wallet "anonimize". and you press it and enter the number of coins to anonimize, those get burned and you receive in a totally different address on the same wallet, other burned coins.  After all there is a huge repository of burned coins (well disregard if it does not make too much sense)

Really really interesting coin,

Please developer continue with this one, it is just an awesome idea.

Well, that was an inspirational read.

[Agamemnus]

Why slimcoin wallet use so much CPU?

 Because you' re CPU mining........ to desactivate CPU mining type setgenerate false into the console

I typed that into console and it changes nothing. It's using 23% of my CPU. The minerd program you're looking at is something else entirely.

There's no good reason for a wallet to use 23% of an i5-2500K. I can have 10 different wallets open and they don't crack 5% combined.

There is a bug in the code for PoS/PoB minting.. PoS minting is taking up more resources than it should. Take a look at my post couple of pages back, i could not even run the wallet with couple of thousand coins on it as it was using 100% cpu for pos minting..

EDIT : Workaround : move all coins to a new wallet. You are good for one week (or month, forgot when PoS takes place)

I tried that and it helped for like 24 hours then went to shit again.

For a coin which advertises low power usage, it's definitely failing

[sp00lin9]

I hope the dev has not left. Nothing that the developer of course does not know already. But this coin is just an absolutely wonderful idea that can start a new breed of coins.

Just some thoughts, i hope i didn't get them wrong

- Proof of Burn
      - Technological independence
            - Mining with almost any hardware with the same possibilities as those with advanced one
                  - More spreaded
                  - More fair
                  - Many different hardware configurations could be used for maximum spread and adoption
                            - Mobile phones
                            - Router
                            - TV
                            - Your PC
                            - whatever
            - Asic resistant
                  - Money normally invested on Asics goes directed to the slimcoin economy instead of leaving crypto economy. Can you imagine bitcoin without price selling 3600 coins every day to feed miners?
                  - No need to wait for asic orders to manufacturers (no scams, no delays)
                  - The equipment manufacturers are not on a single country with monopoly on chips (it gives resistance to technology industry manufacturers centralization attacks)
                  - Pool resistant, although there can be POW pools they will never get a 51% of the network
                  - Easy to calculate the ROI of your "POB mining operation" just knowing the total amount of burned coins at the moment and your share of those. You can just burn a few more if needed instantly. No need to montly plans with preorders (available to everyone and easy)
            - Solves the limited number of node problem bitcoin suffers, because everybody can have its own farming factory on its pc, or in its mobile and it is incentivized.
      - Energy independence (no need for a huge industrial area to setup your mining farm, just your wallet is needed)
            - The network can be spreaded all over the world, not just on zones with cheap electricity (it gives resistance to cheapest electricity centralization attacks & it also gives maximum and fair node spread)
            - Ecological
      - It could be the coin for the "Internet of things" where the blockchain trust technology could be adopted for any device, your fridge, your mobile, etc.
      - Proof of Burn shows the path for other ideas like "investment" possiblities on the same wallet. You just burn and you get some ROI attached to the same mining protocol. Maybe even a lend/borrowing model could be added?
      - Maybe even the proof of burn could be used to add anonimity. You have a second button on your wallet "anonimize". and you press it and enter the number of coins to anonimize, those get burned and you receive in a totally different address on the same wallet, other burned coins.  After all there is a huge repository of burned coins (well disregard if it does not make too much sense)

Really really interesting coin,

Please developer continue with this one, it is just an awesome idea.

Well, that was an inspirational read.

x2 I also really hope they continue! I think a professionally designed logo & an updated wallet (silkcoin would be awesome) would create a MASSIVE price increase.

How would i check to see how many coins have been minted to date?

[TheRealSteve]

How would i check to see how many coins have been minted to date?

getinfo in the console or, if that's being slow as molasses, try the debug.log file:

SetBestChain: new best=eb25e8f5d1d6fae923f5  height=23333  trust=8656442303  moneysupply=304174.801316 nEffectiveBurnCoins=129850.9923

[glop]

How would i check to see how many coins have been minted to date?

getinfo in the console or, if that's being slow as molasses, try the debug.log file:

SetBestChain: new best=eb25e8f5d1d6fae923f5  height=23333  trust=8656442303  moneysupply=304174.801316 nEffectiveBurnCoins=129850.9923

   type getburndata in console

[TheRealSteve]

type getburndata in console

That gets you the burn coins, though - not the 'how many coins have been minted'


As there were some questions raised regarding the pools, here's some stats on that...
From 2014-06-25 12:00:00 UTC through 2014-06-28 12:00:00 UTC

		There were 3,031 blocks total. 1,037 (34.21%) were PoW 391 (12.90%) were PoB 1603 (52.89%) were PoS
		The average network hash rate was 2,949khash/s. The average hash rate at slimcoinpool was 888khash/s or ~30%. The average hash rate at block quarry was 394khash/s or ~13%. During the time primer- mined there, his average hash rate there was 241khash/s. The graph shows where he switched back to slimcoinpool. Note that in the graph, the network hash rate is as estimated by the slimcoinpool code (getnetworkghps), while pool hash rates are estimated at the pools according to shares.
		Variability may be too high to say anything meaningful about the pools' luck after 3 days. slimcoinpool laid claim to 332 (32%) of the blocks, block quarry laid claim to 93 (9%) of the blocks, leaving the vast majority of the blocks - 612 (59%) as being mined solo or at other pools. If going by the estimated hash rates, slimcoinpool's luck would be ~106%, while block quarry's would be ~67%. If going by the relative hash rates, block quarry's hash rate was ~44% of slimcoinpool's hash rate, block quarry's number of blocks was ~28% of slimconpool's number of blocks, giving a luck of ~63%. This can also be seen in the graph - despite having a claimed higher hash rate than slimcoinpool between 2014-06-25 12:00:00 UTC and approximately 2014-06-25 18:00:00 UTC, fewer blocks were found as indicated by the dots on the lines.

Sources:
block quarry hash rate, workers and blocks found: https://slm.blockquarry.com/index.php?page=statistics&action=pool
slimcoinpool hash rate, workers and blocks found: http://www.slimcoinpool.com/tbs
network hash rate: getnetworkghps, https://slm.blockquarry.com/index.php?page=api&action=public
block PoW/PoB/PoS data: slimcoin blockchain

For the curious - yes, there's a fairly big upward movement just outside the time period.  The network hash rate rose from ~2.75Mhash/s to ~5.82Mhash/s at the time of this post, and still on an upward trend.

Like this post? Donate Slimcoin: STDpqwvEC6banMNzfNYDTuZy8xspHpGuNj

[reflector]

Website's back up.  Not sure if there are any changes.

[primer-]

type getburndata in console

That gets you the burn coins, though - not the 'how many coins have been minted'


As there were some questions raised regarding the pools, here's some stats on that...
From 2014-06-25 12:00:00 UTC through 2014-06-28 12:00:00 UTC

		There were 3,031 blocks total. 1,037 (34.21%) were PoW 391 (12.90%) were PoB 1603 (52.89%) were PoS
		The average network hash rate was 2,949khash/s. The average hash rate at slimcoinpool was 888khash/s or ~30%. The average hash rate at block quarry was 394khash/s or ~13%. During the time primer- mined there, his average hash rate there was 241khash/s. The graph shows where he switched back to slimcoinpool. Note that in the graph, the network hash rate is as estimated by the slimcoinpool code (getnetworkghps), while pool hash rates are estimated at the pools according to shares.
		Variability may be too high to say anything meaningful about the pools' luck after 3 days. slimcoinpool laid claim to 332 (32%) of the blocks, block quarry laid claim to 93 (9%) of the blocks, leaving the vast majority of the blocks - 612 (59%) as being mined solo or at other pools. If going by the estimated hash rates, slimcoinpool's luck would be ~106%, while block quarry's would be ~67%. If going by the relative hash rates, block quarry's hash rate was ~44% of slimcoinpool's hash rate, block quarry's number of blocks was ~28% of slimconpool's number of blocks, giving a luck of ~63%. This can also be seen in the graph - despite having a claimed higher hash rate than slimcoinpool between 2014-06-25 12:00:00 UTC and approximately 2014-06-25 18:00:00 UTC, fewer blocks were found as indicated by the dots on the lines.

Sources:
block quarry hash rate, workers and blocks found: https://slm.blockquarry.com/index.php?page=statistics&action=pool
slimcoinpool hash rate, workers and blocks found: http://www.slimcoinpool.com/tbs
network hash rate: getnetworkghps, https://slm.blockquarry.com/index.php?page=api&action=public
block PoW/PoB/PoS data: slimcoin blockchain

For the curious - yes, there's a fairly big upward movement just outside the time period.  The network hash rate rose from ~2.75Mhash/s to ~5.82Mhash/s at the time of this post, and still on an upward trend.

Like this post? Donate Slimcoin: STDpqwvEC6banMNzfNYDTuZy8xspHpGuNj

YAY, i made it into Steves charts!

[TheRealSteve]

YAY, i made it into Steves charts!

You've made it into a chart before

[primer-]

YAY, i made it into Steves charts!

You've made it into a chart before

I have ? Damn i am popular here

[primer-]

I cant wait for difficulty to double and for burnt coins to increase by 3-4x. We are then to expect block rewards, both PoB and PoW, in the 5-6 range. People dumping now on bter at 0.0002 are idiots

[chiguireitor]

I cant wait for difficulty to double and for burnt coins to increase by 3-4x. We are then to expect block rewards, both PoB and PoW, in the 5-6 range. People dumping now on bter at 0.0002 are idiots

Indeed... 0.0002 is nothing for the current difficulty, let alone for the next two months... lol

[primer-]

Whats going on at slimcoinpool, under ddos ? Page is not loading.

[sandor111]

Whats going on at slimcoinpool, under ddos ? Page is not loading.

Cloudflare is under DDoS it appears, all sites using it are affected.
The pool is not affected, just the website.

[primer-]

Whats going on at slimcoinpool, under ddos ? Page is not loading.

Cloudflare is under DDoS it appears, all sites using it are affected.

We've got one dedicated pool owner here, insta-response!

[TheRealSteve]

We've got one dedicated pool owner here, insta-response!

How can we be sure he didn't pre-responded?

[rfcdejong]

oh i forgot, i compiled the 32 bit wallet in cygwin, here you can download my 32 bit compiled slimminer

https://mega.co.nz/#!OZQzTLzb!7NgTjdyh_dF_Si14LdKD9PHofH5er0lLOELCWnCalsg

Someone downloaded the 32 bit slimminer i compiled, but didn't replace the wallet address in the bat, thanks for giving me free slim's.. but i suggest you put your own address in it

some dude is still mining on my address...
http://slimcoinpool.com/worker/SeNkFTvN3Fw9qCApfYsf7JcLdVdMoV66jW

Getting free coins, thanks for that, already 3 SLIM

but just put your own address in it please

if someone else want the 32 bit miner, go ahead and use the included command file

Already 6.2 free SLIM donated to me, just for compiling a 32 bit in cygwin.. thanks

[TheRealSteve]

Already 6.2 free SLIM donated to me, just for compiling a 32 bit in cygwin.. thanks

1. Release package that defaults to S_YOUR_SLIMCOIN_ADDRESS_HERE
2. ...
3. Aw

1. Release package that defaults to own address.
2. ...
3. Profit!

You sly devil you

[chiguireitor]

oh i forgot, i compiled the 32 bit wallet in cygwin, here you can download my 32 bit compiled slimminer

https://mega.co.nz/#!OZQzTLzb!7NgTjdyh_dF_Si14LdKD9PHofH5er0lLOELCWnCalsg

Someone downloaded the 32 bit slimminer i compiled, but didn't replace the wallet address in the bat, thanks for giving me free slim's.. but i suggest you put your own address in it

some dude is still mining on my address...
http://slimcoinpool.com/worker/SeNkFTvN3Fw9qCApfYsf7JcLdVdMoV66jW

Getting free coins, thanks for that, already 3 SLIM

but just put your own address in it please

if someone else want the 32 bit miner, go ahead and use the included command file

Already 6.2 free SLIM donated to me, just for compiling a 32 bit in cygwin.. thanks

Did you compile it statically? i've compiled an AMD optimized version (32 bit Intel was around 0.1KH/s whereas my own is around 0.4-0.6KH/s) but the huge dll requirement list is annoying me to distribute it for you all

[yang5034]

BTER just re-opened trading with Slimcoin.

any plan for this coin?