Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1674. (Read 2509908 times)
February 26, 2014, 01:32:43 AM
Looking to sell 10k for .2 btc. PM me if interested.
February 26, 2014, 01:31:29 AM
it's now in allcoin exchange..
https://www.allcoin.com/trade/bc_btc
https://www.allcoin.com/trade/bc_btc
February 26, 2014, 01:30:03 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help 
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
Not sure when minting will start. I think it is supposed to start after block 5000, or maybe not until after all POW is done.
You will see staked coins in the line in the wallet that says stake. They will be held there (not available for transactions) until the stake is confirmed 520 blocks. Then they will go back to your available balance. You should see minted coins as a transaction the the ledger.
Max height: 10000 (after this network will not accept PoW)
True, but the POS should start after block 5000.
static const int MODIFIER_INTERVAL_SWITCH = 5000;
if (IsProofOfStake() && nHeight < MODIFIER_INTERVAL_SWITCH)
return DoS(100, error("AcceptBlock() : reject proof-of-stake at height %d", nHeight));
this is preventing any stake before block 5000. After that you just have to get lucky.
February 26, 2014, 01:26:51 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
Not sure when minting will start. I think it is supposed to start after block 5000, or maybe not until after all POW is done.
You will see staked coins in the line in the wallet that says stake. They will be held there (not available for transactions) until the stake is confirmed 520 blocks. Then they will go back to your available balance. You should see minted coins as a transaction the the ledger.
So they won't be spendable until 520 blocks after they are minted?
Just like mining rewards have to be confirmed before spending, so does stake. Also stake will hold a portion of your balance, the coins that generated the stake also. If you want keep coins spendable (and not let them stake)
from the console type
reservebalance
will keep this amount in reserve so you can always have it available to spend. those coins will not generate stake.
February 26, 2014, 01:26:02 AM
how does pos work, is it one wallet that gets it every 8 hours?
A POS block should be generated by the network every minute. Your coins will try to stake after their age is over 8 hours. If they do generate stake their age is reset to 0.
dont know what staking is but mhhmk xD
February 26, 2014, 01:23:44 AM
how does pos work, is it one wallet that gets it every 8 hours?
I think every block
February 26, 2014, 01:23:40 AM
how does pos work, is it one wallet that gets it every 8 hours?
A POS block should be generated by the network every minute. Your coins will try to stake after their age is over 8 hours. If they do generate stake their age is reset to 0.
February 26, 2014, 01:22:35 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
Not sure when minting will start. I think it is supposed to start after block 5000, or maybe not until after all POW is done.
You will see staked coins in the line in the wallet that says stake. They will be held there (not available for transactions) until the stake is confirmed 520 blocks. Then they will go back to your available balance. You should see minted coins as a transaction the the ledger.
Max height: 10000 (after this network will not accept PoW)
February 26, 2014, 01:22:10 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
Not sure when minting will start. I think it is supposed to start after block 5000, or maybe not until after all POW is done.
You will see staked coins in the line in the wallet that says stake. They will be held there (not available for transactions) until the stake is confirmed 520 blocks. Then they will go back to your available balance. You should see minted coins as a transaction the the ledger.
So they won't be spendable until 520 blocks after they are minted?
February 26, 2014, 01:21:23 AM
how does pos work, is it one wallet that gets it every 8 hours?
February 26, 2014, 01:21:09 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
Not sure when minting will start. I think it is supposed to start after block 5000, or maybe not until after all POW is done.
You will see staked coins in the line in the wallet that says stake. They will be held there (not available for transactions) until the stake is confirmed 520 blocks. Then they will go back to your available balance. You should see minted coins as a transaction the the ledger.
February 26, 2014, 01:20:15 AM
do i need to do anything for my coins to gain intrest? oh nvm it hasnt even started yet LOL
February 26, 2014, 01:18:39 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
And when will minting start/how will I know how many coins I have Minted?
February 26, 2014, 01:17:55 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
If it's not locked you don't have to unlock it. It will mint automatically.
February 26, 2014, 01:17:28 AM
This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 
How does that work exactly though ? I think that needs to be in the OP.
Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held
If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network
When you say connected to network, you mean just having the coins in your storage? If so, does this require the wallet to be open and unlocked at all times?
Yes your wallet must be open and unlocked. You can unlock it for staking only.
in the console type:
walletpassphrase
9999999 or however many seconds you want to unlock to generate stake
true to unlock for staking only
If you unlock for staking only you still need to enter the passphrase for transactions
Ill probably just leave it unlocked forever, I prefer armed guards anyway
February 26, 2014, 01:17:21 AM
Stake interest: 1% annually
Is that all?
Are you a banker?
Is that all?
Are you a banker?
Well, nominal interest is 1% annually. And minimal stake age is 8 hours. Now imagine compound interest
Edited: to be more srs, PoS mining is cheap
February 26, 2014, 01:16:40 AM
Hey guys, I know this question was asked a million times, but how do I unlock my wallet for minting? It is not encrypted, so I don't have a passcode. Am I missing something? This is my first time holding a coin long enough to actually want to start minting. Thanks in advance for the help
February 26, 2014, 01:16:04 AM
How's this for getting in an hour after launch?
February 26, 2014, 01:15:36 AM
This coin is gonna blow up once people realize they can mine it just by holding it in their wallet
How does that work exactly though ? I think that needs to be in the OP.
Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held
If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network
When you say connected to network, you mean just having the coins in your storage? If so, does this require the wallet to be open and unlocked at all times?
Yes your wallet must be open and unlocked. You can unlock it for staking only.
in the console type:
walletpassphrase
9999999 or however many seconds you want to unlock to generate stake
true to unlock for staking only
If you unlock for staking only you still need to enter the passphrase for transactions
Just set this up. Thanks a bunch!
February 26, 2014, 01:14:32 AM
can you explain the concept of 1% interest compounded ?
i don't undetstand what it means.
how it is different from 1% yearly interest ?
thanks.
i don't undetstand what it means.
how it is different from 1% yearly interest ?
thanks.
1% yearly interest is still compounded interest
All compounded means is once you receive your interest that amount becomes a part of your total assets to accumulate interest
Jump to: