◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈

[dextronomous]

210189 inside wallet and 210090 at chainz.

 latest and 6.00000 coins coming in is that for the bn?

and one before 4.05000 and another 0ne 10.35000.

even with the bootstrap from earlier . one wallet 40mb sized is giving all the headaches that
comes with loading that wallet even without resync reindex or so takes ages to load off all the blocks.

[bitcreditscc]

chainz is now on correct chain

[bitcreditscc]

With regards to pool mining, it is not totally impossible, but one would need to modify the code to

1) Have grant data in getblocktemplate
2) Modify the p2pool code to handle grants and payouts
3) Use a pool key that has >50K BCR

And right now, i don't have the neither the time nor the motivation to pursue anything other than core and alternative wallet development.

The coup would be a easy way to enable and verify fiat bids. This would push us far, far ahead. 

[doesntmatter]

a better idea would be a multipool that mined other coins and traded them for bcr...
i have a node worth of coins waiting for transfer out of bittrex... without a wallet update good luck getting coins in or out...

[thelonecrouton]

a better idea would be a multipool that mined other coins and traded them for bcr...

Anyone is welcome to set such a thing up but personally I'd prefer BCR devs to be sticking to the core goals, one of which happens to be  minimising the senseless waste of PoW.

Which it seems bitcreditscc has pretty much achieved:

getmininginfo
{
"blocks" : 210203,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00000005,
"errors" : "",
"genproclimit" : 1,
"networkhashps" : 0,
"pooledtx" : 0,
"testnet" : false,
"chain" : "main",
"generate" : true,
"hashespermin" : 4
}

Should probably convert that one to a float.

[dextronomous]

guys this node always synced at highest block.s get in now.

210211 right now 62.194.60.156

[gavrilo77]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

[bitcreditscc]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

check the address you are mining to.

[jasemoney]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

check the address you are mining to.

Overnight i got 2x 6bcr and 1x 8.4bcr,

Per the announce, reward is 18 coins per block where 40% (7.2 coins?) goes to the banknode, and the rest to mining, I think this needs to be changed or my math is broken.
consider removing the mining code and pools info from the announce page too..

[bitcreditscc]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

check the address you are mining to.

Overnight i got 2x 6bcr and 1x 8.4bcr,

Per the announce, reward is 18 coins per block where 40% (7.2 coins?) goes to the banknode, and the rest to mining, I think this needs to be changed or my math is broken.
consider removing the mining code and pools info from the announce page too..

Yeah, that will definitely need to be updated. The exact reasoning is compound but let me raise the main points.

1) We want transactions to be put in blocks, and have a regular block interval
2) We don't want miners competing and sinking huge amounts of money that are better used to back BCR
3) We want BN owners to keep their BNs online, but at the same time we don't want to take to much away from the miner
4) We need to maintain the emissions plan as close to the original as possible but keeping it all lucrative for users/service providers at all levels.
5) To facilitate new and more incoming ways to earn credits of the chain, we may need to switch to %

The overall effect is that ~ 45K is produced on a daily basis, with 2/3 going to the payouts and then 1/3 of the remainder goes to BNs, the rest is now divided between miners and grants. A BN owner has double the motivation to have their node online and mining as well to maximize their profits. So in essence a serious BN owner can take the 6 and add the 8.4 ==14.4/18.

[jasemoney]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

check the address you are mining to.

Overnight i got 2x 6bcr and 1x 8.4bcr,

Per the announce, reward is 18 coins per block where 40% (7.2 coins?) goes to the banknode, and the rest to mining, I think this needs to be changed or my math is broken.
consider removing the mining code and pools info from the announce page too..

Yeah, that will definitely need to be updated. The exact reasoning is compound but let me raise the main points.

1) We want transactions to be put in blocks, and have a regular block interval
2) We don't want miners competing and sinking huge amounts of money that are better used to back BCR
3) We want BN owners to keep their BNs online, but at the same time we don't want to take to much away from the miner
4) We need to maintain the emissions plan as close to the original as possible but keeping it all lucrative for users/service providers at all levels.
5) To facilitate new and more incoming ways to earn credits of the chain, we may need to switch to %

The overall effect is that ~ 45K is produced on a daily basis, with 2/3 going to the payouts and then 1/3 of the remainder goes to BNs, the rest is now divided between miners and grants. A BN owner has double the motivation to have their node online and mining as well to maximize their profits. So in essence a serious BN owner can take the 6 and add the 8.4 ==14.4/18.

Blah i typed up some numbers based on a 10,000 sat price. looks like the bids would need to be 3 btc daily, not unreasonable. but im sure everyone is aware what the economic outlook would be. my question is grants. what are grants for? is that the banknode reward?
Daily:
30000bcr for bid process payouts on superblock
15000bcr for network participants broken up into:
     6bcr per block, 5400 daily for active banknode
     8.4bcr per block, 7560 daily for mining
     1.8bcr per block, 1620 daily for ?
     1.8bcr per block, 1620 daily for ?
(excuse me in advance if its actually 6per block for mining, and 8.4 per block for banknode)

side note: FYI I mined a block and was the payout banknode, i guess with so few miners and banknodes this will happen but i thought it was odd. I have 4 connections and my wallet shows 30 Banknodes.
https://chainz.cryptoid.info/bcr/tx.dws?f1d7a3d8126eb67066bfa7622f66794b068d8083d91173be13291a1e5a5a6cd2.htm

0   Not yet redeemed   6BSfT8ZVTkq1CNhuwYoLsfthRjQ4Z4ft9H   8.4 BCR
1   Not yet redeemed   5qoFUCqPUE4pyjus6U6jD6ba4oHR6NZ7c7   1.8 BCR
2   Not yet redeemed   6133GZGV2XRnS53DkLSWrK661TsQMqnewL   1.8 BCR
3   Not yet redeemed   6BSfT8ZVTkq1CNhuwYoLsfthRjQ4Z4ft9H   6.0 BCR

also also, bittrex has not updated yet. I know you're tying up loose ends but things seem decent, im sure theres some people waiting to set up nodes and others waiting to dump after having funds locked for 2 weeks+ What are we waiting on for critical development before we call the rest casual enhancements.

[thelonecrouton]

to me, is correct

Edit: on "setgenerate true" his closing the wallet

Ok good start, can you try debugging(at least find the offending line? ) I'm mobile, will take an hour before i'm sitting at a pc again. Meanwhile , what do you think is a fair, sustainable  limit ? 1/20 blocks, 1/10 or 1/40?

To have +50% of network mining range:-

@ 1/10 - 6* 50000 BCR + mining power  (300K BCR)
@ 1/20 - 11* 50000 BCR + mining power (550K BCR)
@ 1/40 - 21* 50000 BCR + mining power (1.05M BCR)
@ 1/100 - 51* 50000 BCR + mining power (2.55M BCR)

The higher the limit, the higher the expense of trying to control the network, but also the higher level of cooperative mining required. The higher limits apart from making it difficult to control the network, also make it harder for miners to push the diff too high as you'd need a huge investment to be able to mine enough consecutive blocks to push the diff out of reach of other miners. And i doubt anyone is about to potentially spend on trying to tear us down @ this point, further along the way, i'd hope that market pressure caused by such buying would make these costs prohibitive.

@ 1/20 - 11* 50000 BCR + mining power (550K BCR) for me seems OK

Could this be made dynamic?

eg. 1 / ( BN count ) or 1 / ( BN count * 0.8 ) to give 20% leeway?

I appreciate that it's not only BNs mining now, but anyone with >50k BCR, but just a thought; maybe in future a count of miningkeys could be kept and used also, or maybe mining will be made BN-only in future versions.

[bitcreditscc]

Why i cant see generated 8,4 BCR in transaction list? Only 6 BCR

check the address you are mining to.

Overnight i got 2x 6bcr and 1x 8.4bcr,

Per the announce, reward is 18 coins per block where 40% (7.2 coins?) goes to the banknode, and the rest to mining, I think this needs to be changed or my math is broken.
consider removing the mining code and pools info from the announce page too..

Yeah, that will definitely need to be updated. The exact reasoning is compound but let me raise the main points.

1) We want transactions to be put in blocks, and have a regular block interval
2) We don't want miners competing and sinking huge amounts of money that are better used to back BCR
3) We want BN owners to keep their BNs online, but at the same time we don't want to take to much away from the miner
4) We need to maintain the emissions plan as close to the original as possible but keeping it all lucrative for users/service providers at all levels.
5) To facilitate new and more incoming ways to earn credits of the chain, we may need to switch to %

The overall effect is that ~ 45K is produced on a daily basis, with 2/3 going to the payouts and then 1/3 of the remainder goes to BNs, the rest is now divided between miners and grants. A BN owner has double the motivation to have their node online and mining as well to maximize their profits. So in essence a serious BN owner can take the 6 and add the 8.4 ==14.4/18.

Blah i typed up some numbers based on a 10,000 sat price. looks like the bids would need to be 3 btc daily, not unreasonable. but im sure everyone is aware what the economic outlook would be. my question is grants. what are grants for? is that the banknode reward?
Daily:
30000bcr for bid process payouts on superblock
15000bcr for network participants broken up into:
     6bcr per block, 5400 daily for active banknode
     8.4bcr per block, 7560 daily for mining
     1.8bcr per block, 1620 daily for ?
     1.8bcr per block, 1620 daily for ?
(excuse me in advance if its actually 6per block for mining, and 8.4 per block for banknode)

side note: FYI I mined a block and was the payout banknode, i guess with so few miners and banknodes this will happen but i thought it was odd. I have 4 connections and my wallet shows 30 Banknodes.
https://chainz.cryptoid.info/bcr/tx.dws?f1d7a3d8126eb67066bfa7622f66794b068d8083d91173be13291a1e5a5a6cd2.htm

0   Not yet redeemed   6BSfT8ZVTkq1CNhuwYoLsfthRjQ4Z4ft9H   8.4 BCR
1   Not yet redeemed   5qoFUCqPUE4pyjus6U6jD6ba4oHR6NZ7c7   1.8 BCR
2   Not yet redeemed   6133GZGV2XRnS53DkLSWrK661TsQMqnewL   1.8 BCR
3   Not yet redeemed   6BSfT8ZVTkq1CNhuwYoLsfthRjQ4Z4ft9H   6.0 BCR

also also, bittrex has not updated yet. I know you're tying up loose ends but things seem decent, im sure theres some people waiting to set up nodes and others waiting to dump after having funds locked for 2 weeks+ What are we waiting on for critical development before we call the rest casual enhancements.

i am still hesitant to call this a wrap, i want to see 210500 then i will be sure what to do. The main idea being that after this string of updates, we can wait a month while i work in the background, then we update again. There is still a ton of work to be done, it's scary. the identical payments go to bank and reserves, their intended uses are plenty but eventually are used as a SDR account for BNs, for now they are used to tip devs and others for assistance. It's inevitable that at some point you'll mine and get a BN payment as the systems are disconnected, i will add it to the list, that mining addy can't be the same as bn winner.

[bitcreditscc]

to me, is correct

Edit: on "setgenerate true" his closing the wallet

Ok good start, can you try debugging(at least find the offending line? ) I'm mobile, will take an hour before i'm sitting at a pc again. Meanwhile , what do you think is a fair, sustainable  limit ? 1/20 blocks, 1/10 or 1/40?

To have +50% of network mining range:-

@ 1/10 - 6* 50000 BCR + mining power  (300K BCR)
@ 1/20 - 11* 50000 BCR + mining power (550K BCR)
@ 1/40 - 21* 50000 BCR + mining power (1.05M BCR)
@ 1/100 - 51* 50000 BCR + mining power (2.55M BCR)

The higher the limit, the higher the expense of trying to control the network, but also the higher level of cooperative mining required. The higher limits apart from making it difficult to control the network, also make it harder for miners to push the diff too high as you'd need a huge investment to be able to mine enough consecutive blocks to push the diff out of reach of other miners. And i doubt anyone is about to potentially spend on trying to tear us down @ this point, further along the way, i'd hope that market pressure caused by such buying would make these costs prohibitive.

@ 1/20 - 11* 50000 BCR + mining power (550K BCR) for me seems OK

Could this be made dynamic?

eg. 1 / ( BN count ) or 1 / ( BN count * 0.8 ) to give 20% leeway?

I appreciate that it's not only BNs mining now, but anyone with >50k BCR, but just a thought; maybe in future a count of miningkeys could be kept and used also, or maybe mining will be made BN-only in future versions.

Yes, eventually, everything in a block will be dynamic, but right now i'm still 1) learning and 2) proving that it works. I am still figuring out ways to make operation simple and allow easy entry/exit of participants. one thing i need to study in depth is OP_RETURN, as that holds the key to BN only mining. However tbh , i think that the way things are headed may end up being a better solution, miners can easily come in and leave as they please anonymously (so long as they have 50K+)

by the time we support assets and contracts all that wll most definitely be dynamic. Even daily emissions will become reliant on analysis of demand and supply. Economies are fluid things and hardcoding is not at all ideal, but i do it for now just so i can prove it works and so i have a working model to view and ruminate on. For example,

[cisahasa]

looks rather interesting, although what are the devs doing with the premine?

Glad you think so, yes, please take the time to read.

premine = premine
millions of coins are a risk.

no swaps occured so far?
question what will be an issue: rate?
if hxx would swap, people would want about +2.5milloin coins, i guess you would offer 60000..

and i took some time reading, got a feeling that this is not working.
but good idea.

my solution= burn the coins
price will only get better then.

[bitcreditscc]

looks rather interesting, although what are the devs doing with the premine?

Glad you think so, yes, please take the time to read.

premine = premine
millions of coins are a risk.

no swaps occured so far?
question what will be an issue: rate?
if hxx would swap, people would want about +2.5milloin coins, i guess you would offer 60000..

and i took some time reading, got a feeling that this is not working.
but good idea.

my solution= burn the coins
price will only get better then.

It's funny how people always look to me on that issue, yet they claim to have read the thread. The coins are in escrow, and will only be released by community consensus. And right now the vast majority of the regulars don't really much care about those coins because we have no immediate solution for them. If you want to tackle the issue then fine, but instead of directing your enquiries to me, ask everyone else since this decision lies in their hands.

We now have a voting platform, one that can be used once there are visible options. All i do is give you the tools, it's up to the rest to use them.

[dragos_bdi]

@bitcreditscc

On a -reindex, the balances.dat and miners.dat are deleteted and reconstructed ?
Could you verify ?

[bitcreditscc]

@bitcreditscc

On a -reindex, the balances.dat and miners.dat are deleteted and reconstructed ?
Could you verify ?

For now you need to manually delete them, i'll add code for automatic deletion on new dev branch later. a lot of these new items need refinement.

[dragos_bdi]

@bitcreditscc

On a -reindex, the balances.dat and miners.dat are deleteted and reconstructed ?
Could you verify ?

For now you need to manually delete them, i'll add code for automatic deletion on new dev branch later. a lot of these new items need refinement.

Ok, thanks!

[bitcreditscc]

@bitcreditscc

On a -reindex, the balances.dat and miners.dat are deleteted and reconstructed ?
Could you verify ?

For now you need to manually delete them, i'll add code for automatic deletion on new dev branch later. a lot of these new items need refinement.

Ok, thanks!

I just added it to the Master branch, it should delete the files if you start with the re-index flag.