[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes

[e1ghtSpace]

I don't understand what stops pools from signing the blocks with one address regardless who found the block and credit miners based on the hashrate counted i.e. pseudo-shares?

They can. The thing is, the miners can also steal blocks, because to hash, they must prove the ability to spend the coinbase tx.

Got it, since miners must submit the blocks with the same private key. Very interesting.

Hey guys, would it be possible to create a pool like this;


Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.

The miner submits shares and once he finds a block he publishes it to the network.

If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.


Could this work? Or is it not possible because it isn't how mining works for spreadcoin?

 this is quite possible, but if the miner finds say, 3 blocks in a row, he can still "steal" them and have a proffit. So the value os the "insurance" should be how much you can mine in the time a block takes to mature. Say, it matures in 100 blocks, "insurance" would have to be at least 660.0 SPR. That would make most people avoid pools...

If he finds 6 blocks in a row he can double spend. So maybe insurance should be 40 spr. Which isn't hard to get.

:/

Hey guys, would it be possible to create a pool like this;

The problem here is that if you will find a block and will not try to steal its reward pool can still claim that you are trying to steal it and use both your funds and block reward. For external observer it is not possible to distinguish between situations when you are trying to steal money and when pool operators are just lying about this. Even if pool is operated by some legally registered entity with non anonymous owners they can steal your money and you wouldn't be able to prove anything.

If you cannot find blocks consistently but are still mining that means that even one block's reward worth something for you.

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[georgem]

Won't mine SpreadX11.

What is the difference between SpreadX11 and normal X11?

[fenghush]

Won't mine SpreadX11.

What is the difference between SpreadX11 and normal X11?

Requires each block to be signed with the miner's private key.

[najzenmajsen]

dis coin is spreading like a virus ! 

[georgem]

Won't mine SpreadX11.

What is the difference between SpreadX11 and normal X11?

Requires each block to be signed with the miner's private key.

Aha, I thought there would be a difference in the hashing algorithms?

[Mr. Spread]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

[georgem]

Won't mine SpreadX11.

What is the difference between SpreadX11 and normal X11?

Requires each block to be signed with the miner's private key.

Aha, I thought there would be a difference in the hashing algorithms?

There IS. That is the difference.

Alright, I get it.

"signing a key" IS the same as "hashing"....

[georgem]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

looks very promising.

So masternodes will get their own GUI-menu? AWESOME!

[MyFarm]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

Oh good lord this is a thing of beauty!

Thank you for the update!

[georgem]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

So we will always see ALL masternodes that exist (not just our own ones) in the GUI ?

Beautiful!

[MisfiringNeuron]

I haven't bought any SPR (I'm a Darkcoin investor) but I must admit, the GUI is damn nice.

[Gladimor]

Very nice GUI! SPR looks very promising.

[minerpage]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

Will this be Windows and Linux or Linux only?

[MyFarm]

You're amazing Mr. Spread.  I get more excited about SPR everyday.

One small suggestion on the GUI.  I'm sure you've thought of this, but just in case, the ability to toggle and sort by the columns would be nice.  So I could click on, "Control" and all the masternodes under my control would be listed at the top.  That way, when there are a lot of masternodes, I can easily find mine.

[thelonecrouton]

Here is how GUI for masternodes will look like:


Checkboxes are only for your masternodes, they allow you to start or stop your masternode (of course you will also be able to do it with speadcoin.conf).
Other useful information is also shown, e.g. deposit amount and time before next payment for each masternode.
Addresses don't start with S because this is testnet.

Shiny!

[georgem]

Could we add something like this?



Maybe a few more informations regarding how much percentage of the coin supply is tied in masternodes, etc?

Please?  

[Mr. Spread]

Will this be Windows and Linux or Linux only?

Windows, Linux and OS X - all platforms that SpreadCoin currently works on.

You're amazing Mr. Spread.  I get more excited about SPR everyday.

One small suggestion on the GUI.  I'm sure you've thought of this, but just in case, the ability to toggle and sort by the columns would be nice.  So I could click on, "Control" and all the masternodes under my control would be listed at the top.  That way, when there are a lot of masternodes, I can easily find mine.

Yes, I was thinking about it but it is not yet implemented.

So we will always see ALL masternodes that exist (not just our own ones) in the GUI ?

Yes

[MyFarm]

You're amazing Mr. Spread.  I get more excited about SPR everyday.

One small suggestion on the GUI.  I'm sure you've thought of this, but just in case, the ability to toggle and sort by the columns would be nice.  So I could click on, "Control" and all the masternodes under my control would be listed at the top.  That way, when there are a lot of masternodes, I can easily find mine.

Yes, I was thinking about it but it is not yet implemented.

I figured you were a step or ten ahead of me

[MyFarm]

Mr. Spread, have you decided or implemented how we will add additional SPR to a specific masternode to strengthen it if we feel it is in danger of being delisted?

If I could click the GUI and select a specific masternode and add or remove SPR that way it would be so very sexy.

[thelonecrouton]

Could we add something like this?



Maybe a few more informations regarding how much percentage of the coin supply is tied in masternodes, etc?

Please?  

Takes up way too much space. That info could be displayed in a single short text label or %bar somewhere.

I would like to see a Current Minumum Masternode Cost ticker.