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

[hashmaster3000]

(...) Yes, it was a joke..

People (especially new people) might misunderstand it though.

(...) & how long ago was that?

Less than 24 hours ago. In fact, I never paid more than a fraction of 1 SLM. You could try sending a couple coins to yourself (assuming that the fee will be lower) and see if it resolves.

@all:
Everyone who blindly calls others "morons" is a moron. Except for me of course
That being said: Dev, you really should be more open and communicate more often - even if you didn't make any progress since your last post. Most people (except for primer) will understand that you can't code on this coin full time and thus won't make progress every day. However, if you don't communicate at all, people will lose confidence and new potential investors won't gain confidence.

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[slimcoin]

I am here and need input on the new PoS reward increase from 1% to 10% and make them more difficult to find.

[AizenSou]

I am here and need input on the new PoS reward increase from 1% to 10% and make them more difficult to find.

Agreed. My wallet takes forever to load and CPU's load is constant 100% because more than 1000 transactions are worthless PoS blocks.

[slimcoin]

I need more information on how to fix that issue. When does this happen, is it during the stake minting or during the creation of the PoS transactions. If someone could send me their debug.log file of their wallet that is on 100%. Make sure you started the wallet with the -debug flag so I can see the PoS debug information.

For those that did not know, there is a -revervebalance=<x amount of coins> were if you run that, the wallet will not stake coins if your balance is <= <x amount of coins>

[hashmaster3000]

I agree with the "more difficult to find" change because that would allow newcomers to mine more coins using PoB and PoW.
I also think that we might want to decrease nTargetSpacingWorkMax (the max PoW target time, currently at 15 minutes).
(Disclosure: I'd benefit from that, too )

I don't understand what exactly you mean with "reward increase". Do you want to increase the annual PoS inflation to 10% or do you simply want to compensate for the higher difficulty? (the latter is certainly OK, not sure about the former)

[slimcoin]

My idea is with the PoS reward increase, since the PoS difficulty will be higher, less will be found and thus the reward will compensate. Also, it will make PoS more worthwhile.

[hashmaster3000]

Doesn't the reward per block increase automatically when increasing the diff (== increasing the PoS target spacing)?

[chiguireitor]

My idea is with the PoS reward increase, since the PoS difficulty will be higher, less will be found and thus the reward will compensate. Also, it will make PoS more worthwhile.

I would eliminate PoS...

Yeah, i don't like PoS...

PoB on the other hand... that fix about offline burned coins affecting PoB minting difficulty, that needs to be done.

Slim, btw, was trying to include getrawtransaction on the code (i even forked it on github) but heck, most "getrawtransaction" implementations are totally incompatible with Slimcoin's code. I strongly suggest you take a look, i will try my hand at it again on the near future, but my current priority is to get my system up and running because servers need to get paid.

[primer-]

My idea is with the PoS reward increase, since the PoS difficulty will be higher, less will be found and thus the reward will compensate. Also, it will make PoS more worthwhile.

I would eliminate PoS...

Yeah, i don't like PoS...

PoB on the other hand... that fix about offline burned coins affecting PoB minting difficulty, that needs to be done.

Slim, btw, was trying to include getrawtransaction on the code (i even forked it on github) but heck, most "getrawtransaction" implementations are totally incompatible with Slimcoin's code. I strongly suggest you take a look, i will try my hand at it again on the near future, but my current priority is to get my system up and running because servers need to get paid.

+1 to eliminate PoS. Its a nuisance.

[a123]

I am here and need input on the new PoS reward increase from 1% to 10% and make them more difficult to find.

If I understand it correctly, increasing the PoS reward this way will make the number of PoS blocks found drop 10-fold, but each reward proportionally rise by 10x. This would not affect PoS reward, but increase coin generation rate.

PoS currently generates way too much dust, and screws up the difficulty adjustment for PoB and its consequent discovery rate, which is your coin's main selling point.

Block Range  [PoS, PoW, PoB]
23352 24351 [466, 394, 140]
24352 25351 [342, 479, 179]
25352 26351 [384, 457, 159]
26352 27351 [693, 222, 85]
27352 28351 [653, 252, 95]
28352 29351 [661, 256, 83]
29352 30351 [693, 232, 75]
30352 31351 [465, 401, 134]

Currently, the PoS generation rate varies from 34.2% to 69.3% of each 1000 blocks. I assume a 10-fold drop should cut it to 3.42%-6.93%; this will likely allow PoW/PoB to dominate and achieve a PoW block rate of ~90-100 seconds.

Also, the average reward for PoS from blocks 30353 to 31352 appears to be 0.07796 per block for the 464 PoS blocks that appear in this range. A 10x reward will bring the average reward to about 0.78 SLM / block, with a PoS block rate of about once every half an hour.

If this is the case, then I think keeping PoS with the 10x reward amendment will allow Slimcoin to maintain its status as the coin with tri-hybrid block and still allow PoB to shine.

(Edit: You could make the changes on the testnet; I'll be happy to contribute say 50 to 100 khash for some testing)

[primer-]

I am here and need input on the new PoS reward increase from 1% to 10% and make them more difficult to find.

If I understand it correctly, increasing the PoS reward this way will make the number of PoS blocks found drop 10-fold, but each reward proportionally rise by 10x. This would not affect PoS reward, but increase coin generation rate.

PoS currently generates way too much dust, and screws up the difficulty adjustment for PoB and its consequent discovery rate, which is your coin's main selling point.

Block Range  [PoS, PoW, PoB]
23352 24351 [466, 394, 140]
24352 25351 [342, 479, 179]
25352 26351 [384, 457, 159]
26352 27351 [693, 222, 85]
27352 28351 [653, 252, 95]
28352 29351 [661, 256, 83]
29352 30351 [693, 232, 75]
30352 31351 [465, 401, 134]

Currently, the PoS generation rate varies from 34.2% to 69.3% of each 1000 blocks. I assume a 10-fold drop should cut it to 3.42%-6.93%; this will likely allow PoW/PoB to dominate and achieve a PoW block rate of ~90-100 seconds.

Also, the average reward for PoS from blocks 30353 to 31352 appears to be 0.07796 per block for the 464 PoS blocks that appear in this range. A 10x reward will bring the average reward to about 0.78 SLM / block, with a PoS block rate of about once every half an hour.

If this is the case, then I think keeping PoS with the 10x reward amendment will allow Slimcoin to maintain its status as the coin with tri-hybrid block and still allow PoB to shine.

I am correct to assume that blocks above stand for a 24h timeline ? If so, current average for PoW is 3.5min (30352 31351 [465, 401, 134]). Implementing the PoS fix would increase PoW generation rate by x2 or x3 .
What about PoB ?

EDIT : When taking other days into calculation, we are to expect an increase of x3 - x5 in both PoW and PoB.

[primer-]

Dump fest on BTER, I guess miners did not like my calculation

[a123]

Actually I didn't meant for each 1000 block range to mean a day, but its a decent approximation. The timestamps are as follows.

24351  :  2014-06-29 10:32:33 UTC
25351  :  2014-06-30 13:22:53 UTC
26351  :  2014-07-01 12:41:12 UTC
27351  :  2014-07-02 11:39:50 UTC
28351  :  2014-07-03 11:30:02 UTC
29351  :  2014-07-04 11:56:36 UTC
30351  :  2014-07-05 10:33:39 UTC
31351  :  2014-07-06 13:06:41 UTC

(edit: So incorporating the fix will push the PoW block time to about 90 to 100 seconds, and PoB block time to about 3x of that. As of right now at block 32441 it appears to be about 178 seconds estimated, based on difficulty and network hash power.)

[primer-]

Conclusion : Dump now as there will be 3 to 5 times more coins minted daily when/if the PoS fix is applied. Sad.

[sp00lin9]

Conclusion : Dump now as there will be 3 to 5 times more coins minted daily when/if the PoS fix is applied. Sad.

LOL why do i have a feeling its your node that charges 40 slm to send to BTER?

Great, encourage everyone to dump into your buy support so you can rape even more coins.

Youre the biggest POS Ive ever seen, & i dont mean Proof of Stake.

[primer-]

Conclusion : Dump now as there will be 3 to 5 times more coins minted daily when/if the PoS fix is applied. Sad.

LOL why do i have a feeling its your node that charges 40 slm to send to BTER?

Great, encourage everyone to dump into your buy support so you can rape even more coins.

Youre the biggest POS Ive ever seen, & i dont mean Proof of Stake.

Go mine doge, retard.

[sp00lin9]

Conclusion : Dump now as there will be 3 to 5 times more coins minted daily when/if the PoS fix is applied. Sad.

LOL why do i have a feeling its your node that charges 40 slm to send to BTER?

Great, encourage everyone to dump into your buy support so you can rape even more coins.

Youre the biggest POS Ive ever seen, & i dont mean Proof of Stake.

Go mine doge, retard.

LOL who mines doge anymore? You must be even more retarded then I could have ever anticipated...

[AizenSou]

LOL primer- just dumped his 10000 SLM on Bter 

[primer-]

LOL primer- just dumped his 10000 SLM on Bter 

2.5k, but i will dump 20k more if someone puts up a 0.00020000 buy order 

[sp00lin9]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER