Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 20. (Read 32985 times)

^^ it could be ok for especially small holders who anticipate growth and want to hold and come back later.   I would have to echo its risky to expect a website to just continue fine, I would be alot richer if that had not been a problem repeatedly in the past even big websites.  It breaks the golden rule, simply respect decentralisation.


If we go back 4 years, the very start or IPO if you like for BLK there was direct mining (long over and completed pow phase) but now POW is unused unless we are talking in slang for staking (POS) which does give extra BLK to users/holders (miners if you want to label it comparatively like that).   Its possible people would confuse the two.
   The old bitcoin wallets used to be able to 'mine' new coins but to do similar with BLK you'd have to have a balance of BLK in the wallet first place to stake and then you get a kind of interest is how I see it.   I wouldn't argue too much if people want to start calling it mining.    BLK isnt using GPU

The other thing would be to mine completely separate blockchains and then buy or exchange the mining proceeds into BLK.  Good idea because it can be staked and staking will not interfere with operation of a GPU so it could be considered similar to mixed mining in a rough way.

this video is interesting and mentions POS.  I did not know the staking original idea predated bitcoin usage
https://youtu.be/6xIq0FdmsIA?t=1572

See I dont agree with this guy exactly but he isnt using absolutes and mentions big known problems to me which is good for starters even if the conclusions are 'meh' as he says.    The big deal is staking is more efficient then all the energy used up by bitcoin and I think that could be make BTC secondary even.   Most economies are centred around competitive markets and efficiency, it will matter but maybe BTC improves

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.

Well, you can. If you mine other coins and sell them for Blackcoin. Much as the old Blackcoinpool did.

(You can't mine BLK at all, it's pure stake)

Link not working here

i think blackcoin game over soon

i will sell my coins

To be precise:
https://pinode.weebly.com/blackcoin.html 

Very good and great project I like very much

you can now mine blackcoin With CPU, GPU or even With Browser Miner

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

Blackcoin Raspberry Pi staking guides courtesy of Shermand100 over in Gitter can be found here if anyone is interested- http://www.pinode.co.uk/

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. 

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?

As per i run...i got 1.5blk perday for 10k blk

That doesn't sound right. I'm pretty sure that the 739k coins each year are issued evenly over every coin staking.   

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.

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.

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?

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

Go here for quick friendly help...https://gitter.im/BlackCoin_Hub/   

Do you have a proof? or some history with the dev that can point it out?