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Author Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!  (Read 284894 times)
slimcoin (OP)
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July 18, 2014, 02:21:21 PM
 #3381

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

-Much Donate
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slimcoin (OP)
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July 18, 2014, 03:06:56 PM
 #3382

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.

-Much Donate
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reflector
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July 18, 2014, 05:13:54 PM
 #3383

So, this coin just needs the cpu usage issue fixed, then maybe POB adjusted?
slimcoin (OP)
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July 18, 2014, 05:33:23 PM
 #3384

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.

-Much Donate
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reflector
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July 18, 2014, 05:56:17 PM
 #3385

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 (OP)
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July 18, 2014, 06:02:27 PM
 #3386

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.

-Much Donate
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reflector
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July 18, 2014, 06:13:00 PM
 #3387

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!
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July 18, 2014, 07:57:15 PM
 #3388

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
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July 18, 2014, 08:51:49 PM
 #3389

So for a mining noob, how do I mine this coin?
rfcdejong
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July 18, 2014, 08:59:11 PM
 #3390

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

reflector
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July 18, 2014, 09:05:01 PM
 #3391

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

Good to hear.  How many are decayed?
rfcdejong
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July 18, 2014, 09:05:37 PM
 #3392

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

Good to hear.  How many are decayed?

only 0.73947500 decayed coins...

look at the confirmations, old coins Smiley


[
{
"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
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July 18, 2014, 09:11:18 PM
 #3393

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
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July 18, 2014, 09:14:48 PM
 #3394

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
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July 18, 2014, 09:20:12 PM
 #3395

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
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July 18, 2014, 09:46:18 PM
 #3396

Is there more of a chance of getting a block if you have a larger number of coins in your wallet?
d5000
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July 18, 2014, 09:55:44 PM
 #3397

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 Sad

On which Peercoin version is it based?

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rfcdejong
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July 18, 2014, 09:56:16 PM
 #3398

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
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July 18, 2014, 10:02:11 PM
 #3399

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 Sad

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
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July 18, 2014, 10:03:01 PM
 #3400

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.
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