[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 193.

Derek492

sr. member

Activity: 356

Merit: 250

Quote from: Rent_a_Ray on December 18, 2014, 02:34:03 PM

Zeitcoin, too.
Have a look: http://www.multifaucet.tk/index.php?blockexplorer=ZEIT

Sometimes we have seconds, sometimes a minute. We can say, we are 2-3 months too early with our calculation.

Cheers,
Ray

Pretty sure the reason is because it still thinks there would be PoW blocks. But since PoW blocks are missing from the equation now it is going faster. Just a guess

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

Zeitcoin, too.
Have a look: http://www.multifaucet.tk/index.php?blockexplorer=ZEIT

Sometimes we have seconds, sometimes a minute. We can say, we are 2-3 months too early with our calculation.

Cheers,
Ray

Derek492

sr. member

Activity: 356

Merit: 250

Quote from: Rent_a_Ray on December 18, 2014, 02:21:54 PM

Here's the current situation:

Code:

const int YEARLY_BLOCKCOUNT = 1051200; // 365 * 2880

Cheers,
Ray

Someone had a beer while coding ;D

The only problem with that is mintcoin reached that block count before a full year, in other words the blocks are going faster than 30 seconds

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

Here's the current situation:

Code:

const int YEARLY_BLOCKCOUNT = 1051200; // 365 * 2880

Cheers,
Ray

Someone had a beer while coding ;D

Derek492

sr. member

Activity: 356

Merit: 250

Quote from: Rent_a_Ray on December 18, 2014, 11:31:59 AM

This Block was estimated for one year POS. It will never exactly match.
There is another issue in your code, that may have an influence - but I'm not sure.

How long was Mintcoin's POW time?

Cheers,
Ray

The mining time was just under 4 weeks.

At this point, probably the best way to estimate mintoins block speed is to divide the current block number by the days it has been since launch. 1051199/314 days = 3348 blocks per day....so call it 3350 blocks per day. That comes out to an average block time of every 25.8 seconds.

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

You find it in my PM from yesterday in Bee7's quote.

Quote from: Bee7

GetLastBlockIndex(pindexBest, false) returns the pindex of the last PoW block, not of the last PoS block. Thus, the emission would be linear over time, not declining with time as it claimed to be in the coin

This applies to our Zeitcoin source, but it could be interesting for Mint, too.

Cheers,
Ray

PS: As far as I understand it, you could easily boost this block constant with an offset to win some time for a fix, but then you'll need another fork next year.

cryptomommy

sr. member

Activity: 425

Merit: 250

Quote from: Rent_a_Ray on December 18, 2014, 11:31:59 AM

This Block was estimated for one year POS. It will never exactly match.
There is another issue in your code, that may have an influence - but I'm not sure.

How long was Mintcoin's POW time?

Cheers,
Ray

Thanks - please let us know what other issue you see in the code so I may relay back to roboguy?

cryptomommy

sr. member

Activity: 425

Merit: 250

Quote from: Rent_a_Ray on December 18, 2014, 11:31:59 AM

This Block was estimated for one year POS. It will never exactly match.
There is another issue in your code, that may have an influence - but I'm not sure.

How long was Mintcoin's POW time?

Cheers,
Ray

Mintcoin Specifications
-Scrypt PoS/PoW

Other Specifications:
– 30 seconds block target
– 100000 – 900000 coins per block initially
– PoW payout will be halved every week for the first 5 weeks
– After 5 weeks, the PoW payout will be fixed at 1 coin per block
– Difficulty retargets every block
– PoS variable interests:
– 1st year: 20%
– 2nd year: 15%
– 3rd year: 10%
– 4th and subsequent years: 5%
– Total coins will be 70 billions
– 4 confirmations for transaction, thus fast 2 mins confirmation for transactions
– 50 confirmations for minted blocks
– 1% premine for bounties, giveaways, development, support and maintenance, new feature developments etc.

- Ports: 12788 (connection) and 12789 (RPC)

URSAY

legendary

Activity: 1974

Merit: 1010

Thank you for all your hard work right now Robo and cryptomommy. I hope this bug hasn't interrupted your lives too much. It's a busy time of year for everyone. What would the community do without you??? <3

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

This Block was estimated for one year POS. It will never exactly match.
There is another issue in your code, that may have an influence - but I'm not sure.

How long was Mintcoin's POW time?

Cheers,
Ray

deepcreek

member

Activity: 79

Merit: 10

I can remember we had similar thing happening when the coin was just released, it should have been a 5 week mining period. But the amount of blocks where reached after 3 weeks because they did not count the coins minting after week 2. So possibly at this moment it is still that same problem because the last devs did not think ahead. It would be better to just fix it now so this will not affect us in the future.`

MarSas

hero member

Activity: 574

Merit: 500

The formula should be fixed so the drop in POS reward coincides with the original plan.

litemaster

full member

Activity: 169

Merit: 100

Quote from: cryptomommy on December 18, 2014, 08:31:07 AM

From RoboGuy:

Ok, I have figured out what Ray was saying about the issue. We are at block 1051199 which the next block would have been only a 15% stake. There is some code that is checking that someone doesn't report a block reward greater than the allow reward. But the code generating the translations is using the current block reward limit. So no blocks were accepted at the transition.

So have a decision to make:
Do we adjust this block transition height to be closer to April of next year? Do we go ahead and transition to 15% stake?
I am also unsure the best way to resume the chain. There are a few checks for the blocks being recent. If you hear from Ray or someone else on how to resume a chain that would help.

I personally believe we should keep the 15% PoS as originally programmed - what are everyone elses thoughts?

If you keep the original originally programmed date for the POS reduction to 15% will this happen again at the next change time? Or will it be fixed?
If you can keep the original parameters and fix the issue it would be best, but fixing expeditiously one way or the other is best for the coin itself. IMHO

coolbeans94

hero member

Activity: 613

Merit: 500

Mintcoin: Get some

Quote from: cryptomommy on December 18, 2014, 08:31:07 AM

From RoboGuy:

Ok, I have figured out what Ray was saying about the issue. We are at block 1051199 which the next block would have been only a 15% stake. There is some code that is checking that someone doesn't report a block reward greater than the allow reward. But the code generating the translations is using the current block reward limit. So no blocks were accepted at the transition.

So have a decision to make:
Do we adjust this block transition height to be closer to April of next year? Do we go ahead and transition to 15% stake?
I am also unsure the best way to resume the chain. There are a few checks for the blocks being recent. If you hear from Ray or someone else on how to resume a chain that would help.

I personally believe we should keep the 15% PoS as originally programmed - what are everyone elses thoughts?

Well, what about the next few years as well? Will they be "shortened" too? What about fixing the network so this doesn't happen again, I mean, does this mean the network will come to a halt every year when the reward is supposed to decrease? I think we should set it up so that we get a full year at 20% as previously claimed, if the original programmed math is off, it should be fixed to match the intended design of a full year. Since it goes by block count and not an actual "timer", then all we can do is a close estimate anyway, right? Can we just add in 400,000 blocks to it or something to extend it to February? I'm all for the switch to 15% coming in February of 2015, as long as it means the network doesn't stop like this again. Add in enough blocks in each year so that we make it at least 360 days each year (maybe some extra time. Is that doable?

Thoughts?

cryptomommy

sr. member

Activity: 425

Merit: 250

From RoboGuy:

Ok, I have figured out what Ray was saying about the issue. We are at block 1051199 which the next block would have been only a 15% stake. There is some code that is checking that someone doesn't report a block reward greater than the allow reward. But the code generating the translations is using the current block reward limit. So no blocks were accepted at the transition.

So have a decision to make:
Do we adjust this block transition height to be closer to April of next year? Do we go ahead and transition to 15% stake?
I am also unsure the best way to resume the chain. There are a few checks for the blocks being recent. If you hear from Ray or someone else on how to resume a chain that would help.

I personally believe we should keep the 15% PoS as originally programmed - what are everyone elses thoughts?

coolbeans94

hero member

Activity: 613

Merit: 500

Mintcoin: Get some

Quote from: cryptomommy on December 17, 2014, 10:34:59 PM

Robo guy is working on it. I will upload as soon as we are ready.

Glad to hear it is not the end of the world Roll Eyes

cryptomommy

sr. member

Activity: 425

Merit: 250

Robo guy is working on it. I will upload as soon as we are ready.

Quote from: coolbeans94 on December 17, 2014, 09:39:24 PM

Any idea on when this will be fixed? I have a minting, that is stuck in limbo right now and we need to get moving again for it to be fully confirmed.

I'm assuming there will be a new wallet released because of this, correct?

Is there anyone that is not stuck at 1051199?

coolbeans94

hero member

Activity: 613

Merit: 500

Mintcoin: Get some

Any idea on when this will be fixed? I have a minting, that is stuck in limbo right now and we need to get moving again for it to be fully confirmed.

I'm assuming there will be a new wallet released because of this, correct?

Is there anyone that is not stuck at 1051199?

cryptomommy

sr. member

Activity: 425

Merit: 250

Quote from: Rent_a_Ray on December 17, 2014, 02:12:37 PM

Quote from: mintcointeam on December 17, 2014, 02:07:34 PM

Quote from: litemaster on December 17, 2014, 12:26:03 PM

My mintcoin wallet is not syncing either.
Is anyone working for a cure for this ill?

#Mintcoin wallets stuck at block 1051199 - anyone willing to assist please pm me asap.

https://bitcointalksearch.org/topic/m.9867283

Cheers,
Ray

Sending over to Robo Guy to look at - thanks!

Rent_a_Ray

legendary

Activity: 1318

Merit: 1036

Quote from: mintcointeam on December 17, 2014, 02:07:34 PM

Quote from: litemaster on December 17, 2014, 12:26:03 PM

My mintcoin wallet is not syncing either.
Is anyone working for a cure for this ill?

#Mintcoin wallets stuck at block 1051199 - anyone willing to assist please pm me asap.

https://bitcointalksearch.org/topic/m.9867283

Cheers,
Ray

Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 193. (Read 1369778 times)