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Gibcity
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July 11, 2014, 12:23:33 AM |
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Agreed no more PoW. You should do a poll actually.
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leolegend
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July 11, 2014, 12:38:19 AM |
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Stop pow and increase pos reward maybe?
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Rainer4256
Full Member
 Offline
Activity: 196
Merit: 100
For the benefit of medical research
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July 11, 2014, 12:40:15 AM |
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Stop pow and increase pos reward maybe?
Good idea! 8%? |
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leolegend
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July 11, 2014, 12:45:48 AM |
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Stop pow and increase pos reward maybe?
Good idea! 8%? Or even higher the first few years and gradually decrease it to 6% or 8%? |
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flyingdutchmen
Full Member
Offline
Activity: 210
Merit: 100
Digital Crypto Wealth Management Platform
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July 11, 2014, 01:29:50 AM |
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Community Proposal
I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.
In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.
This would require ANOTHER HARD FORK which generally are bad. If we do this should we go to PoS or stay PoW with block halving?
POST YOUR THOUGHTS!
*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD* JUST A DISCUSSION *
Go to PoS directly is a better choice |
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utahjohn
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July 11, 2014, 01:59:19 AM |
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I think you are all jumping the gun. PoW will be over soon enough and I do not think MP's are harming the coin. Leave it alone.
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madsciencecoder
Newbie
Offline
Activity: 12
Merit: 0
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July 11, 2014, 02:13:48 AM |
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I personally would have to agree with utahjohn I don't think the multi-pools are really affecting it too much. I just started mining this coin myself, got about 23MH solo mining right now and would hate for it to end before I can get any.
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cryptoinmind
Newbie
Offline
Activity: 47
Merit: 0
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July 11, 2014, 02:30:39 AM
Last edit: July 11, 2014, 02:53:40 AM by cryptoinmind |
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Well, I think we'd better go to PoS as early as possible...People who really want to support this coin can buy some from the exchange...it's at very cheap price atm...No point feeding mutlipool anymore (Last 1000 blocks: 589 from multipool)
EDIT:
Rank Pool/Miner Last 100 Last 1000
1 DedicatedPool 29 97
2 WafflePool 26 319 (MULTIPOOL)
3 Trade My Bit 16 270 (MULTIPOOL)
4 Proof of Stake 14 138
5 SuchPool 9 65
6 ChickenStrips 4 27
7 PoolTo.be 1 12
8 xHASH 1 11
9 Unknown 0 59
10 P2Pool 0 2
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utahjohn
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July 11, 2014, 02:41:10 AM |
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Your numbers do not even add up  you answered your own question ... buy the coins while cheaply available if you are committed to this coin. If you are going to be amateur whiners I will abandon the coin. |
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cryptoinmind
Newbie
Offline
Activity: 47
Merit: 0
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July 11, 2014, 02:50:04 AM |
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Your numbers do not even add up you answered your own question ... buy the coins while cheaply available if you are committed to this coin. If you are going to be amateur whiners I will abandon the coin. Details added, do the calculation carefully...you're not buying this coin; you don't know how hard it is to keep the price from crashing; all you know is keep mining and sell them after the POW stage for a quick profit |
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utahjohn
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July 11, 2014, 02:51:25 AM |
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Wait till you see the panic selling as many jump ship early in a coins early days. If you are a shark that is when the feeding frenzy begins |
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utahjohn
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July 11, 2014, 02:53:55 AM |
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Your numbers do not even add up you answered your own question ... buy the coins while cheaply available if you are committed to this coin. If you are going to be amateur whiners I will abandon the coin. Details added, do the calculation carefully...you're not buying this coin; you don't know how hard it is to keep the price from crashing; all you know is keeping mining and sell them after the POW stage for a quick profit Actually you will see that I am buying Please feel free to examine my address JP3Mpf4DLivEX17dpbhojhiXaB9G6kkVk4 |
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utahjohn
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July 11, 2014, 03:14:17 AM |
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If this had been a PoS coin from beginning then an IPO (Evil thing LOL) or Premine would have been required to jumpstart the coin ...
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Fitness76
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July 11, 2014, 03:33:46 AM |
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Community Proposal
I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.
In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.
This would require ANOTHER HARD FORK which generally are bad. If we do this should we go to PoS or stay PoW with block halving?
POST YOUR THOUGHTS!
*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD* JUST A DISCUSSION *
From a personal standpoint I would like to see the coin do the full POW as originally proposed. For full disclosure that is because I have not been mining it as much since I knew we are less than 20% through the POW phase(just off the top of my head didn't calculate). I have been mining other coins that are ending their POW phase. If it was shorter I would have mined Judge, because I think it has more potential. Now from an overall coin perspective. Is there a way to block multipools? I was reading in another thread last week that some coins do this, not sure if it's true though. I will look and see if I can find what I was reading, but with how many posts I read I don't think I will. Also pools can block IP addresses of users/farms. I know that some pools do this to slow down the huge farms that are out there. It doesn't stop them just makes them keep switching IP's which again slows them down and sometimes creates too much work so they just move on. Another question is there a way to see if it is a multpool that is dumping and not just a huge farm or just a lot of people? I use Trademybit and do not use their auto convert function often. I just transfer either to my wallet or an exchange. So not all multipools are necessarily to blame, it is still up to the miner. Sorry I guess I brought up more questions than answers, but knowing the above I think we can all make a better choice of the path ahead. Have a Great Day |
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utahjohn
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July 11, 2014, 03:48:50 AM |
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MP's are doing you a favor by providing coins at current market value. I mine on a MP to get maximum profit for BTC to invest in potential coins. The Judgecoins I am buying with profits from many other coins MP is mining. Waiting for BTC wallet to sync then buying more coins with my proceeds |
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judgecrypto (OP)
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July 11, 2014, 03:52:23 AM |
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Community Proposal
I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.
In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.
This would require ANOTHER HARD FORK which generally are bad. If we do this should we go to PoS or stay PoW with block halving?
POST YOUR THOUGHTS!
*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD* JUST A DISCUSSION *
From a personal standpoint I would like to see the coin do the full POW as originally proposed. For full disclosure that is because I have not been mining it as much since I knew we are less than 20% through the POW phase(just off the top of my head didn't calculate). I have been mining other coins that are ending their POW phase. If it was shorter I would have mined Judge, because I think it has more potential. Now from an overall coin perspective. Is there a way to block multipools? I was reading in another thread last week that some coins do this, not sure if it's true though. I will look and see if I can find what I was reading, but with how many posts I read I don't think I will. Also pools can block IP addresses of users/farms. I know that some pools do this to slow down the huge farms that are out there. It doesn't stop them just makes them keep switching IP's which again slows them down and sometimes creates too much work so they just move on. Another question is there a way to see if it is a multpool that is dumping and not just a huge farm or just a lot of people? I use Trademybit and do not use their auto convert function often. I just transfer either to my wallet or an exchange. So not all multipools are necessarily to blame, it is still up to the miner. Sorry I guess I brought up more questions than answers, but knowing the above I think we can all make a better choice of the path ahead. Have a Great Day Some good points. I am generally against changing the coin once launched. The only reason I dropped the block count on this last revision was to make up for the PoS blocks that did not kick in right away. My personal philosophy is that we should let the PoW run as it was just patched to end with the originally planned 15 million coins. I chose this number since i wanted to have roughly the same amount of coins as bitcoin. Without this latest fork we would have hit 21,600,000. Without a premine or IPO I have no way of offering bounties to people without buying hash or buying coins off the exchange. In that way the lower prices has helped get some, which in turn will allow me to operate the coin as if the coin did have a premine, except instead of the premine coming from the community it is coming out of my pocket. |
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utahjohn
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July 11, 2014, 03:53:35 AM |
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You all opened yourselves up to MP's by going to market before PoW phase was over. Pandora's box has been opened LOL. Seems to me that greedy MF's that want immediate return are the real cause of the problem.
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utahjohn
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July 11, 2014, 03:55:42 AM |
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@Judge Well said |
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judgecrypto (OP)
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July 11, 2014, 04:10:32 AM |
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Coin production estimates...
The PoW / PoS blocks end at block 38,640 at which point PoW will end and only Proof of Stake will be running.
The max theoretical supply that could exist at the end of PoW/PoS is 19,320,000, which is 38640 x 500.
Since the PoS blocks are smaller we will be looking at less than 19,320,000.
If you look at the block explorer .... blocks 1 - 5999 generated 3,000,000 coins.
At Block 6000 PoS / PoW hybrid kicked in. We are at 3,756,069 coins as of block 7899.
So that means that means since PoS kicked in we generated 7899 - 6000 = 1899 blocks
That means that 1899 blocks combined pow / pos combined to make 3756069 coins.
756,069 / 1899 blocks = 398.1406003159558 coins per block.
If we take 38,640 blocks total - 7899 blocks done = 30,741 blocks left
30741 blocks x 400 = 12,296,400 coins left to generate.
12,296,400 + 3,756,069 = 16,052,469 coins left to generate...
This is my estimate of the current coins that will be generated at the end of PoW.
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Fitness76
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July 11, 2014, 04:19:18 AM |
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Community Proposal
I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.
In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.
This would require ANOTHER HARD FORK which generally are bad. If we do this should we go to PoS or stay PoW with block halving?
POST YOUR THOUGHTS!
*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD* JUST A DISCUSSION *
From a personal standpoint I would like to see the coin do the full POW as originally proposed. For full disclosure that is because I have not been mining it as much since I knew we are less than 20% through the POW phase(just off the top of my head didn't calculate). I have been mining other coins that are ending their POW phase. If it was shorter I would have mined Judge, because I think it has more potential. Now from an overall coin perspective. Is there a way to block multipools? I was reading in another thread last week that some coins do this, not sure if it's true though. I will look and see if I can find what I was reading, but with how many posts I read I don't think I will. Also pools can block IP addresses of users/farms. I know that some pools do this to slow down the huge farms that are out there. It doesn't stop them just makes them keep switching IP's which again slows them down and sometimes creates too much work so they just move on. Another question is there a way to see if it is a multpool that is dumping and not just a huge farm or just a lot of people? I use Trademybit and do not use their auto convert function often. I just transfer either to my wallet or an exchange. So not all multipools are necessarily to blame, it is still up to the miner. Sorry I guess I brought up more questions than answers, but knowing the above I think we can all make a better choice of the path ahead. Have a Great Day Some good points. I am generally against changing the coin once launched. The only reason I dropped the block count on this last revision was to make up for the PoS blocks that did not kick in right away. My personal philosophy is that we should let the PoW run as it was just patched to end with the originally planned 15 million coins. I chose this number since i wanted to have roughly the same amount of coins as bitcoin. Without this latest fork we would have hit 21,600,000. Without a premine or IPO I have no way of offering bounties to people without buying hash or buying coins off the exchange. In that way the lower prices has helped get some, which in turn will allow me to operate the coin as if the coin did have a premine, except instead of the premine coming from the community it is coming out of my pocket. I think that is good reasoning as well. Oh and thank you for reminding me I need to go put in some buy orders almost forgot. Mining and following too many coins, I get lost/distracted on the way to doing something a lot  |
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