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Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 20. (Read 32949 times)

member
Activity: 187
Merit: 20
Why then unite in pools? If the probability of getting a reward in solo-mining is equal to the probability of getting a reward in the pool (in proportion to its Stake in the pool).

For example, 50k blk is a pool. My Stake is 10k blk. The pool will pay me a reward in proportion to my Stake (10 blk). In a pool and in a solo, I get the same reward?

Pool staking only makes sense for those that don't want a Computer/Raspi running 24/7 to stake their coins. But it has two huge drawbacks:
1st you'd need to have to give all your BLK to someone else, which means you have to trust someone 100% that they don't run off with your coins.
2nd you'd harm the network's decentralisation, when the pool would have a significant amount of the network weight.

So, pool staking doesn't make much sense but brings huge risks, especially for your own coins.
member
Activity: 187
Merit: 20
(You can't mine BLK at all, it's pure stake)

Well, you can. If you mine other coins and sell them for Blackcoin. Much as the old Blackcoinpool did.
jr. member
Activity: 44
Merit: 10
(You can't mine BLK at all, it's pure stake)
legendary
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
you can now mine blackcoin With CPU, GPU or even With Browser Miner

https://bitcointalksearch.org/topic/--4354585

Link not working here
member
Activity: 151
Merit: 12
等価交換
i think blackcoin game over soon Cry

i will sell my coins
jr. member
Activity: 44
Merit: 10
Blackcoin Raspberry Pi staking guides courtesy of Shermand100 over in Gitter can be found here if anyone is interested- http://www.pinode.co.uk/

To be precise:
https://pinode.weebly.com/blackcoin.html 
member
Activity: 225
Merit: 10
Very good and great project I like very much
jr. member
Activity: 269
Merit: 1
you can now mine blackcoin With CPU, GPU or even With Browser Miner

https://bitcointalksearch.org/topic/--4354585
newbie
Activity: 1
Merit: 0
Blackcoin Raspberry Pi staking guides courtesy of Shermand100 over in Gitter can be found here if anyone is interested- http://www.pinode.co.uk/
jr. member
Activity: 44
Merit: 10
Yes they will be the same reward. Pool-staking is useless for BLK. Though maybe there are other coins that increase the relative amount depending on how much is staked, in which case pool-staking would work. Just not for BLK, and intentionally so as that would encourage centralization. 
newbie
Activity: 36
Merit: 0
Why then unite in pools? If the probability of getting a reward in solo-mining is equal to the probability of getting a reward in the pool (in proportion to its Stake in the pool).

For example, 50k blk is a pool. My Stake is 10k blk. The pool will pay me a reward in proportion to my Stake (10 blk). In a pool and in a solo, I get the same reward?
newbie
Activity: 30
Merit: 0
The Blackcoin has no limits on the maximum Stake? The owners of a small Stake will not be able to get the reward POS-mine?


As per i run...i got 1.5blk perday for 10k blk
jr. member
Activity: 44
Merit: 10
That doesn't sound right. I'm pretty sure that the 739k coins each year are issued evenly over every coin staking.   
newbie
Activity: 36
Merit: 0
No. The probability of getting a reward from a Stake of 50k blk is greater than the sum of the probabilities from five Stake of 10k blk.
jr. member
Activity: 44
Merit: 10
There's no minimum or maximum stake, everyone stakes the same percentage. I like the idea on paper, it would create more participation. However, in reality the only thing a maximum stake would do is cause wealthy stakers to divide their coins over more nodes to circumvent the minimum.  

If you had 50k blk, and the maximum was 1k, then you would simply run 5 raspberry pi's  each with 10k and it would be the same as staking 50k.  

I hope that makes sense.
newbie
Activity: 36
Merit: 0
The Blackcoin has no limits on the maximum Stake? The owners of a small Stake will not be able to get the reward POS-mine?
STT
legendary
Activity: 4088
Merit: 1452
When you first startup I think Blackcoin it allows you to specify the directory you want to use, select somewhere far more accessible then the users files or whatever  (which are basically hidden).    So you need to remember where that is.

Or later on you can specify directly where you want the files to be placed.
    Create a shortcut to the lore-qt.exe and place on desktop > properties > target > -datadir=D:\Bootstrap-directory


Or if none of that is helpful then try Blackhalo which is the same network just a different approach/client to reach the same place, I think the bootstrap also works with this.
https://blackcoin.co
member
Activity: 118
Merit: 11
how do I use the file BOOTSTRAP? I downloaded it. Placed in the directory C:\Users\XXXX\AppData\Roaming\Lore but it did not help synchronization. Then I placed it C:\Users\XXXX\AppData\Roaming\Lore\blocks but it did not help synchronization.


Go here for quick friendly help...https://gitter.im/BlackCoin_Hub/   
full member
Activity: 167
Merit: 100
I have no doubt rat4 working on something and it's probably something great for blckcoin/blacknet

Do you have a proof? or some history with the dev that can point it out?
full member
Activity: 308
Merit: 112
I have no doubt rat4 working on something and it's probably something great for blckcoin/blacknet
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