[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1669.

oldmarsh

sr. member

Activity: 247

Merit: 250

Quote from: Turpomann on February 26, 2014, 08:46:34 AM

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

^^^^^^^^^^^
Raging because he didn't get in the first day

sevoque

full member

Activity: 196

Merit: 100

Quote from: Turpomann on February 26, 2014, 08:46:34 AM

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

hi, factually incorrect.

go rent some rigs and get mining

Turpomann

full member

Activity: 154

Merit: 100

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

illodin

hero member

Activity: 966

Merit: 1003

Quote from: artiface on February 26, 2014, 08:00:20 AM

As has been said a thousand times in this thread it is 1% nominal interest. That 1% can be compounded as much as every 8 hours. If you don't understand what compound interest means then go look it up. If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.

I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?

Thanks!

Stenull

hero member

Activity: 585

Merit: 500

New p2pool in the hood
@
p2pool-miner

Come join the p2pool party

illodin

hero member

Activity: 966

Merit: 1003

Quote from: Sparkzor on February 26, 2014, 08:22:14 AM

Not worth renting anymore Sad

And guess why? Roll Eyes

kopam

hero member

Activity: 518

Merit: 500

Quote from: rat4 on February 26, 2014, 08:12:18 AM

Just charged faucet with 1000 BC. Everyone can have some free coins Grin

Grat, i have sent another 2000 to support you and this coin !

rat4

full member

Activity: 327

Merit: 197

Two-way squared

Quote from: reda on February 26, 2014, 08:27:40 AM

i think the coin have forked on greekpool
the dev should take a closer look

Why you think so?

reda

sr. member

Activity: 910

Merit: 260

i think the coin have forked on greekpool
the dev should take a closer look

nightengale

hero member

Activity: 574

Merit: 500

This thing is going to go ape spit when it hits a decent exchange.

Sparkzor

member

Activity: 112

Merit: 10

Not worth renting anymore Sad

illodin

hero member

Activity: 966

Merit: 1003

Quote from: ezvm on February 26, 2014, 12:18:38 AM

Quote from: Joerii on February 26, 2014, 12:14:01 AM

Quote from: Jeezy911 on February 26, 2014, 12:12:44 AM

I never knew about these renting sites, looks like a good play for those good at picking new coins.

I'm renting out my rig there right now. That's good to do if you don't have anything in mind to mine. Steady payout !

You know what I never really rented any miners as I have my own but for this coin I might consider renting some additional MH/s , I want to throw as much Mh/s at it before it goes scarce - Can someone recommend a site?

Yea thanks for spreading the info... idiots.

Soepkip

sr. member

Activity: 476

Merit: 250

Quote from: rat4 on February 26, 2014, 08:12:18 AM

Just charged faucet with 1000 BC. Everyone can have some free coins Grin

You sir, are a hero!

VOTE FOR MINTPAL!

https://www.mintpal.com/voting

rat4

full member

Activity: 327

Merit: 197

Two-way squared

Just charged faucet with 1000 BC. Everyone can have some free coins Grin

Miner232432

full member

Activity: 210

Merit: 100

Quote from: Jabulon on February 26, 2014, 08:04:21 AM

This may have been asked/answered elsewhere but I've looked and cannot find anything straightforward, either here or or blackcoin.co:

How do you set your BC wallet up for PoS minting? After wallet encrypt it shows stake miner locked for minting.

Is it done with a simple command in debug console? If so, what is the exact command?

Or is it something more complicated, involving setup of a .conf in your %appdata% folder? Again, details please, if this is the way.

Please make reply PoS-noob friendly, I have never done this setup before. Thanks very much.

It should be a simple case of typing "walletpassphrase "your password" 9999999 true" in the debug console

However I'm having problems with the wallet being unlocked but it saying "stake miner suspended due to locked wallet"

yannis7777

member

Activity: 84

Merit: 10

Quote from: Jabulon on February 26, 2014, 08:04:21 AM

This may have been asked/answered elsewhere but I've looked and cannot find anything straightforward, either here or or blackcoin.co:

How do you set your BC wallet up for PoS minting? After wallet encrypt it shows stake miner locked for minting.

Is it done with a simple command in debug console? If so, what is the exact command?

Or is it something more complicated, involving setup of a .conf in your %appdata% folder? Again, details please, if this is the way.

Please make reply PoS-noob friendly, I have never done this setup before. Thanks very much.

I second that. Well said.

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: suncoastbuddy on February 26, 2014, 07:58:52 AM

Quote from: Jonesd on February 26, 2014, 07:40:32 AM

Quote from: derBruchpilotPro on February 26, 2014, 06:56:23 AM

Quote from: CoinBitch on February 26, 2014, 06:45:10 AM

Quote from: Jonesd on February 26, 2014, 06:37:33 AM

Quote from: Jonesd on February 26, 2014, 04:27:51 AM

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?

edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

I think you really need to consider the compound interest. 1% of the 1% 3 times a day could add up fairly quickly.

can anyone say how much is it with the compound interest?
i made some math, but it's seem (maybe i'm wrong) that in very few higher than 1% year Sad

Jabulon

sr. member

Activity: 266

Merit: 250

This may have been asked/answered elsewhere but I've looked and cannot find anything straightforward, either here or or blackcoin.co:

How do you set your BC wallet up for PoS minting? After wallet encrypt it shows stake miner locked for minting.

Is it done with a simple command in debug console? If so, what is the exact command?

Or is it something more complicated, involving setup of a .conf in your %appdata% folder? Again, details please, if this is the way.

Please make reply PoS-noob friendly, I have never done this setup before. Thanks very much.

paniczklos

full member

Activity: 322

Merit: 101

blackcoin p2pool node

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Code:

cgminer.exe -o freebtc.eu:8336 - u your_wallet_address -p x

mr.pj

sr. member

Activity: 258

Merit: 250

Still looking for a pool to mine at?

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