[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative

[losk22]

Here's my wallet with disabled POS. All recommendations have been implemented.
I do not know how to insert the image.

you can upload photos on this website for free without having to sign up or any BS. It also gives you a link for posing it to forums easy.

http://tinypic.com

Ok

http://i62.tinypic.com/2nrihyf.jpg

There's an easy way to determine if your wallet is presenting properly to the network for staking

Go to the debug.log file in your C:\Users\<your_username>\AppData\Roaming\Vanillacoin folder and open it up in notepad and go to the bottom of the text entries

You should see entries like this in the file;

[INFO] - coin::mining_manager::pos_tick: Mining manager, mining (pos) with 1 transactions in block, bytes = 181.

If you are seeing this type of entry then you are presenting properly for staking and all you need to do is wait... it will stake

Also make sure that the entry for POS is correct in your config.dat file - it should have an entry similar to;

"mining":{"proof-of-stake":"1"}

Hope this helps

Checked. It is as you say.

[1714682949]

1714682949

[1714682949]

1714682949

[1714682949]

1714682949

[1714682949]

1714682949

[1714682949]

1714682949

[traumschiff]

Here's my wallet with disabled POS. All recommendations have been implemented.
I do not know how to insert the image.

you can upload photos on this website for free without having to sign up or any BS. It also gives you a link for posing it to forums easy.

http://tinypic.com

Ok

http://i62.tinypic.com/2nrihyf.jpg

There's an easy way to determine if your wallet is presenting properly to the network for staking

Go to the debug.log file in your C:\Users\<your_username>\AppData\Roaming\Vanillacoin folder and open it up in notepad and go to the bottom of the text entries

You should see entries like this in the file;

[INFO] - coin::mining_manager::pos_tick: Mining manager, mining (pos) with 1 transactions in block, bytes = 181.

If you are seeing this type of entry then you are presenting properly for staking and all you need to do is wait... it will stake

Also make sure that the entry for POS is correct in your config.dat file - it should have an entry similar to;

"mining":{"proof-of-stake":"1"}

Hope this helps

Checked. It is as you say.

You need to wait if everything is ok. If you have somewhere between 1-2k coins you can wait as long as 1-2 weeks to start staking. It took me 1 week to start with a lot more, but I could stake a few times daily after it started.

[john-connor]

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

Generating PoS blocks for the incentive system would meant they take away blocks from stakers (since there is obviously a fixed block generation rate/time) and PoS blocks are lowish in value anyway since it's 0.7% annual stake.

Taking away % from the PoW (5% was used in the paper as an example) seems esier to accomplish, or am I missing something?

5% is an example. In the real world the % would be much higher to facilitate distribution (up to 50% of the coinbase reward is acceptable). When the final variables are finalised the rough draft will be updated accordingly.

Thank you for your support.

Thank you for clarification! I would say that 50% seems rather a lot, but who knows, it may work out. It all depends on how well the market/price reacts. If we get a rise in price, cutting down more % doesn't seem bad for the current miners.

I doubt we wil see any price rise as long as this manipulated (suppressed) market continues. However, your missing the entire point of incentives. Miners don't do anything to support the network infrastructure nor do mining pools. It's super peers that do the work required to support the network. Since the daily coin production would stay the same with incentives the market will stay the same except more likely than not the incentive rewards will end up in stronger hands lowering the liquidity.

Thank you for your support.

[john-connor]

even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.

Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction.

Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

No, the chinese GPU farms are making a killing. There is no more than 100 FPGA boards on the entire mining network. The GPU's own 95+% of the network hashrate. Most old Bitcoin FPGA's are cracking passwords which is much more profitable than mining a coin.

Thank you for your support.

I see, thanks for clearing that up

I didn't realize you had a method to track FPGA usage, it would be nice if you shared the tracking method with the community.

IRC is where the FPGA discusision takes place. So if you are interested in FPGA's you'll get only wrong answers or guessing here at BCT. I hardly come to this cesspool anymore anyway and trying to cut back.

Thank you for your support.

[traumschiff]

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

Generating PoS blocks for the incentive system would meant they take away blocks from stakers (since there is obviously a fixed block generation rate/time) and PoS blocks are lowish in value anyway since it's 0.7% annual stake.

Taking away % from the PoW (5% was used in the paper as an example) seems esier to accomplish, or am I missing something?

5% is an example. In the real world the % would be much higher to facilitate distribution (up to 50% of the coinbase reward is acceptable). When the final variables are finalised the rough draft will be updated accordingly.

Thank you for your support.

Thank you for clarification! I would say that 50% seems rather a lot, but who knows, it may work out. It all depends on how well the market/price reacts. If we get a rise in price, cutting down more % doesn't seem bad for the current miners.

I doubt we wil see any price rise as long as this manipulated (suppressed) market continues. However, your missing the entire point of incentives. Miners don't do anything to support the network infrastructure nor do mining pools. It's super peers that do the work required to support the network. Since the daily coin production would stay the same with incentives the market will stay the same except more likely than not the incentive rewards will end up in stronger hands lowering the liquidity.

Thank you for your support.

Never thought about this point of view, you're making perfect sense with the explanation. Redistribute some of the PoW rewards to the peers that are supporting some of the features of the project is actually a great idea.

Well yeah, in this sense pools don't really help a network like Vanillacoins, specially with ZeroTime and the need for trusted peers for voting.

[shanem]

VNL is below 25k now.
Time to get in if you are not holding VNL. It is quite cheap when it was 30k a few ago.

[traumschiff]

Block rewards have dropped now with reaching 200k blocks, the new block reward is 62.

[groggin]

VNL is below 25k now.
Time to get in if you are not holding VNL. It is quite cheap when it was 30k a few ago.

 yeah i'm synching my BTCitpiggy bank ... gonna spend some

  

Block rewards have dropped now with reaching 200k blocks, the new block reward is 62.

                 VNL emission rate has halved.  

[irwanjabryg]

VNL is below 25k now.
Time to get in if you are not holding VNL. It is quite cheap when it was 30k a few ago.

 yeah i'm synching my BTCitpiggy bank ... gonna spend some

  

Block rewards have dropped now with reaching 200k blocks, the new block reward is 62.

                 VNL emission rate has halved.  

I waited in 20k SATS 

[I am the guy]

I have been just been accumulating since ZT's release. VNL's tech alone demands higher prices. VNL train is getting ready to depart 

[statdude]

Vote going on for "Wayne" (Sounds like Vanillacoin in chinese) or "Vanilla" coin.

http://8btc.com/forum.php?mod=viewthread&tid=22532

[Riseman]

I have been just been accumulating since ZT's release. VNL's tech alone demands higher prices. VNL train is getting ready to depart 

Just make sure it's not a subway

[lihaidong198871]

why the guys sell their coins  and what's the dev doing now ?

[hankrules]

why the guys sell their coins  and what's the dev doing now ?

Eatin some nachos

[traumschiff]

why the guys sell their coins  and what's the dev doing now ?

Coding as usual, he isn't responsible for the market movements.

[aebn01]

Any update on the developer? Has he gone rogue

[aekilo1]

im new to the alt coin world and would like to start investing is this a good place to start?

[Aerolouis]

What's the benefit of using this coin which has the same features as some of the other coins out there?

[pallas]

im new to the alt coin world and would like to start investing is this a good place to start?

that's like going to a restaurant and asking if the food is good :-)

[traumschiff]

What's the benefit of using this coin which has the same features as some of the other coins out there?

If you can't tell the features/code apart, crypto isn't the place for you to invest