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

[slimcoin]

95A31: Could you convert those patches to pull requests on Github.

[slimcoin]

I would also like to remind you that Slimcoin has a subreddit at /r/slimcoin.

There, we can really expand our community, and also possibly catch the attention of other people that are dealing with other coins on reddit.

[reflector]

So, this coin just needs the cpu usage issue fixed, then maybe POB adjusted?

[slimcoin]

In the update coming soon, that will be the only issue left since I was unable to reproduce the issue and have no idea where it is coming from.
Some have said it is the PoS. All I can say now is, if you want to disable PoS, just start the client with -reservebalance=9999999. That basically says start PoS minting when you have more than 9999999 coins.

[reflector]

In the update coming soon, that will be the only issue left since I was unable to reproduce the issue and have no idea where it is coming from.
Some have said it is the PoS. All I can say now is, if you want to disable PoS, just start the client with -reservebalance=9999999. That basically says start PoS minting when you have more than 9999999 coins.

There were some people bitching about the rate at which POB blocks were being found.  Is that going to be changed?

[slimcoin]

The rate relies on how often PoW blocks are found. PoW block target timespans are affected by the rate PoS blocks are found. The faster the PoS blocks are found, the slower PoW are found, thus, it takes more time to find a PoB block. In the update, the PoS base difficulty will be increased, meaning less will be found, thus the PoW blocks are found more often and so will PoB blocks.

[reflector]

The rate relies on how often PoW blocks are found. PoW block target timespans are affected by the rate PoS blocks are found. The faster the PoS blocks are found, the slower PoW are found, thus, it takes more time to find a PoB block. In the update, the PoS base difficulty will be increased, meaning less will be found, thus the PoW blocks are found more often and so will PoB blocks.

Awesome!

[jadefalke]

The rate relies on how often PoW blocks are found. PoW block target timespans are affected by the rate PoS blocks are found. The faster the PoS blocks are found, the slower PoW are found, thus, it takes more time to find a PoB block. In the update, the PoS base difficulty will be increased, meaning less will be found, thus the PoW blocks are found more often and so will PoB blocks.

sounds great!

[ProGamer]

So for a mining noob, how do I mine this coin?

[rfcdejong]

woo, my first wallet which had 17.86 burnt coins is now around 95% roi, it found a PoB block !

[reflector]

woo, my first wallet which had 17 burnt coins is now 95% roi, it found a PoB block !

Good to hear.  How many are decayed?

[rfcdejong]

woo, my first wallet which had 17 burnt coins is now 95% roi, it found a PoB block !

Good to hear.  How many are decayed?

only 0.73947500 decayed coins...

look at the confirmations, old coins


[
{
"burned amount" : 1.00000000,
"burn confirmations" : 21202,
"confirmations" : 41551,
"blockhash" : "00000020dd635f579b246e79b9bcc38f7f8fcf7cdb8f7a66301b4912dc84a502",
"blockindex" : 4,
"txid" : "0674d62bba6a4e4828be94c5bc76db06eb98e5ca68c8a51eddc7937a9c2be166",
"time" : 1401464847
},
{
"burned amount" : 7.89000000,
"burn confirmations" : 21673,
"confirmations" : 42191,
"blockhash" : "0000001512203ede778ca526751019a15e5d79aba9b46fc17825c7d7f6e69ee4",
"blockindex" : 1,
"txid" : "0b7d3bdbe00e789fae698e1dc205cd69d2d390f6f3d52d7b89e8e2a7499c6924",
"time" : 1401403697
},
{
"burned amount" : 7.97000000,
"burn confirmations" : 21093,
"confirmations" : 41393,
"blockhash" : "00000018950f4e567f25977d2cb3fb633e3b48b49639e381124e3e2789493f4c",
"blockindex" : 3,
"txid" : "47cffca73dc1d4c72a3471370dba1b8100e3452530252bd0fbb3e27f9a2f1577",
"time" : 1401480124
},
{
"burned amount" : 1.00000000,
"burn confirmations" : 21219,
"confirmations" : 41576,
"blockhash" : "000000222a15da99b6625c1e77d1d0976cf659e551107c30fe21c92ddb178cd1",
"blockindex" : 3,
"txid" : "7a78eee600566ff28e1e57d805687ed816ce5390a30508d7beec35d740897b3f",
"time" : 1401462694
},
{
"Net Burnt Coins" : 17.86000000,
"Effective Burnt Coins" : 17.12052500,
"Immature Burnt Coins" : 0.00000000,
"Decayed Burnt Coins" : 0.73947500
},
{
"General Info" : "",
"nBurnBits" : "1d0136de",
"nEffectiveBurnCoins" : "176845125610",
"Formatted nEffectiveBurnCoins" : "176845.12561"
}
]



and the found PoB block

{
"account" : "",
"category" : "immature",
"amount" : 16.43000000,
"confirmations" : 459,
"blockhash" : "1891495e4b36e0010fbdd338df65b5475076e54507ef983a2f4a49e489020eae",
"blockindex" : 0,
"txid" : "3bffabb591106bef989720a9945530b20b121bcde1c37a97da2e18f9a4c83c30",
"time" : 1405675489
}
]

[reflector]

It's nice to see that anybody can burn a few coins and gain ROI (and so soon, relatively speaking!).  That was one of my big concerns for this coin.

[rfcdejong]

It's nice to see that anybody can burn a few coins and gain ROI (and so soon, relatively speaking!).  That was one of my big concerns for this coin.

Yes and more PoB blocks are being found by my main wallet again, between 2 and 4 a day now.

[chiguireitor]

It's nice to see that anybody can burn a few coins and gain ROI (and so soon, relatively speaking!).  That was one of my big concerns for this coin.

I began mining from the first minute, i got some 3-4 PoW blocks back then, and then began burning it all. Mining currently on slimcoinpool while my GPUs mine something else (Blake ecosystem) and burn it all. Currently i have almost 400 burnt coins (decayed around 2-4 coins). It is amazing how with PoB, without investing heavily, i can obtain 2-3 PoB blocks a week.

[Slaphead]

Is there more of a chance of getting a block if you have a larger number of coins in your wallet?

[d5000]

Watching closely! This coin could be great, in my eyes it's more innovative than Nxt & similars!

Anybody knows how many coins are in circulation at the moment? Block explorer does not show it

On which Peercoin version is it based?

[rfcdejong]

Is there more of a chance of getting a block if you have a larger number of coins in your wallet?

yes, with the current price on bter you can buy enough to get 1 PoB a day with just spending 0.05 BTC for around 400 SLM.
1 PoB a day is around 16 SLM so if noone else burns any coins you will ROI in 20 days (and the value doesn't go lower, but i think it is very low now)

[rfcdejong]

Watching closely! This coin could be great, in my eyes it's more innovative than Nxt & similars!

Anybody knows how many coins are in circulation at the moment? Block explorer does not show it

On which Peercoin version is it based?

in the debug window you can do the rpc command "getinfo" to see the moneysupply

moneysupply" : 419187.12857800,

then ofcourse subtract the burnt amount which you can see by typing in the rpc command "getburndata"

"Formatted nEffectiveBurnCoins" : "176841.273964"

419187.128578 - 176841.273964 = 242345.854614 SLIM in circulation

[reflector]

Is there more of a chance of getting a block if you have a larger number of coins in your wallet?

yes, with the current price on bter you can buy enough to get 1 PoB a day with just spending 0.05 BTC for around 400 SLM.
1 PoB a day is around 16 SLM so if noone else burns any coins you will ROI in 20 days (and the value doesn't go lower, but i think it is very low now)

Don't forget you can also compound the number of burnt coins you have by burning as you find blocks.