i think they will firstly support LTC and then maybe PPC.. but of course it would be great if there is more volume in PPC
Huh? They do support LTC.
BTC-e support said if PPC reaches 0.005, they will add it.
Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 114. (Read 684864 times)
November 13, 2012, 12:02:24 PM
Huh? They do support LTC.
BTC-e support said if PPC reaches 0.005, they will add it.
November 13, 2012, 12:01:15 PM
Quote
When will we see PPC on the BTC-e exchange?
Asked support: We plan to add the ppcoin when its price is higher than 0.005
Asked support: We plan to add the ppcoin when its price is higher than 0.005
Only 286017.29907004 PPC more to go!
i think they will firstly support LTC and then maybe PPC.. but of course it would be great if there is more volume in PPC
November 13, 2012, 11:06:05 AM
Quote
When will we see PPC on the BTC-e exchange?
Asked support: We plan to add the ppcoin when its price is higher than 0.005
Asked support: We plan to add the ppcoin when its price is higher than 0.005
Only 286017.29907004 PPC more to go!
November 12, 2012, 03:25:08 PM
When will we see PPC on the BTC-e exchange?
Asked support: We plan to add the ppcoin when its price is higher than 0.005Only 348805.83742424 PPC more to go!
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 11, 2012, 02:43:43 PM
Well, on the 14th/15th of October I did nearly 200 transactions in a few hours. Mostly PPC dice. I figured, since I had this much and were easily obtainable(still are) I could not hold back.
November 11, 2012, 02:23:08 PM
OK. This is my transaction, 6c9a8f5f1d3953aa75dea4be8ccc0e456376fc6dc751cbaf152c5cddb43dc9a0 which has 1916 untouched coins. Since my last trade was on the 15th of October, this means in about a week I will be able to generate proof of stake so long as I don't do anything 
.
heh, rename wallet file, and forget it exists for about a month .
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 11, 2012, 02:15:03 PM
OK. This is my transaction, 6c9a8f5f1d3953aa75dea4be8ccc0e456376fc6dc751cbaf152c5cddb43dc9a0 which has 1916 untouched coins. Since my last trade was on the 15th of October, this means in about a week I will be able to generate proof of stake so long as I don't do anything .
. 
November 11, 2012, 02:09:06 PM
November 11, 2012, 02:08:16 PM
Wait, I just remembered that I spent some of the coins, does that reset the counter?
If you have spent that particular output yes it was gone so you count the new output again.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 11, 2012, 02:06:19 PM
Wait, I just remembered that I spent some of the coins, does that reset the counter?
November 11, 2012, 02:05:27 PM
@Sunny King, I have 1999 PPCoins from Oct 1. That is over 31 days. TX hash is 6c804e76212612db6bc8fd38e2c07c0c176301d53fe5f106fb89d2c441122753. I bought those coins from the exchange.
I did receive other transactions over time, but it was not mentioned if that mattered or not. The point is, my coins are old enough for POS, but getinfo shows as stake being 0.0000.
I did receive other transactions over time, but it was not mentioned if that mattered or not. The point is, my coins are old enough for POS, but getinfo shows as stake being 0.0000.
It's randomly generated so you may need to wait longer.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 11, 2012, 01:48:11 PM
@Sunny King, I have 1999 PPCoins from Oct 1. That is over 31 days. TX hash is 6c804e76212612db6bc8fd38e2c07c0c176301d53fe5f106fb89d2c441122753. I bought those coins from the exchange.
I did receive other transactions over time, but it was not mentioned if that mattered or not. The point is, my coins are old enough for POS, but getinfo shows as stake being 0.0000.
I did receive other transactions over time, but it was not mentioned if that mattered or not. The point is, my coins are old enough for POS, but getinfo shows as stake being 0.0000.
November 11, 2012, 01:13:18 PM
Smoothie's observation is correct, while proof-of-stake generation approaches 10 minute target, proof-of-work difficulty would increase and proof-of-work blocks become more sparse. This is because proof-of-work generation spacing target is designed to be variable between 10 minutes and 2 hours.
If you would like to compare hashing power to bitcoin network (10-minute fixed spacing target), typically a 3x multiplier can be roughly applied. That is, if I assume proof-of-stake generation now reached 10-minute spacing target, then I estimate that proof-of-work spacing target is around 30 minutes thus in terms of hashing power in the network it's equivalent to a bitcoin difficulty of 7000 out of the 21000 difficulty.
This means you cannot directly compare the difficulty to other networks for the purpose of total network hashing power. Given the same difficulty ppcoin network would run with much less hash power than bitcoin network.
After proof-of-stake generation stabilizes, an increase in proof-of-work difficulty would again reflect a proportional increase of network hashing rate.
If you would like to compare hashing power to bitcoin network (10-minute fixed spacing target), typically a 3x multiplier can be roughly applied. That is, if I assume proof-of-stake generation now reached 10-minute spacing target, then I estimate that proof-of-work spacing target is around 30 minutes thus in terms of hashing power in the network it's equivalent to a bitcoin difficulty of 7000 out of the 21000 difficulty.
This means you cannot directly compare the difficulty to other networks for the purpose of total network hashing power. Given the same difficulty ppcoin network would run with much less hash power than bitcoin network.
After proof-of-stake generation stabilizes, an increase in proof-of-work difficulty would again reflect a proportional increase of network hashing rate.
November 11, 2012, 10:34:33 AM
I dunno. PPCexplore is down currently. Based on the decrease in the mint rate, you are likely right that the hash rate spiked and then went down recently. Difficulty is an estimate of the current hash rate and adjusts much more quickly than in bitcoin. If the hash rate went down, then difficulty will follow.
Which has not been the case if you watch the two pools for PPC. Hash power has not increased 2.5 times yet difficulty has.
November 11, 2012, 09:42:56 AM
I dunno. PPCexplore is down currently. Based on the decrease in the mint rate, you are likely right that the hash rate spiked and then went down recently. Difficulty is an estimate of the current hash rate and adjusts much more quickly than in bitcoin. If the hash rate went down, then difficulty will follow.
November 11, 2012, 08:35:18 AM
The variable of stake blocks generated gives the illusion of hash power applied to the network. The overall network speed in actual GH/s is much less than you would expect.
It is an interesting concept even though it is misleading.
Changes in difficulty are not misleading. The difficulty levels for PoW and PoS are completely separate. The graph only shows PoW difficulty, same as in bitcoin. When difficulty doubles, hashing power has doubled.
So then where is all that extra hashing power?
Both pools dont show it. So I guess it is a solo miner?
If you look at the block explorer you will see that there is much more PoS blocks than PoW blocks (recently). No way could the difficulty be going up because of more hashing power being added when there are hours between PoW blocks at times.
P.S. Last time I checked PoW difficulty is based upon how many blocks are found over time. If blocks are found less frequently wouldn't the difficulty go down? Obviously that is not the case given the current PPC PoW block generation.
I'm curious to your response to this to justify the increase in difficulty in PPC.
LOL
Smoothie
November 11, 2012, 06:56:51 AM
The variable of stake blocks generated gives the illusion of hash power applied to the network. The overall network speed in actual GH/s is much less than you would expect.
It is an interesting concept even though it is misleading.
Changes in difficulty are not misleading. The difficulty levels for PoW and PoS are completely separate. The graph only shows PoW difficulty, same as in bitcoin. When difficulty doubles, hashing power has doubled.
November 11, 2012, 06:42:44 AM
I looked around a bit but did not find any information about the total network hashing power or speed.
http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
Yes, that website is helpful. Since difficulty is adjusted continuously (rather than once every 2 weeks), network speed should be closely related to difficulty, even over short time intervals.http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
The variable of stake blocks generated gives the illusion of hash power applied to the network. The overall network speed in actual GH/s is much less than you would expect.
It is an interesting concept even though it is misleading.
November 11, 2012, 06:22:25 AM
I looked around a bit but did not find any information about the total network hashing power or speed.
http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
Yes, that website is helpful. Since difficulty is adjusted continuously (rather than once every 2 weeks), network speed should be closely related to difficulty, even over short time intervals.http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
November 11, 2012, 05:51:20 AM
I looked around a bit but did not find any information about the total network hashing power or speed.
http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
http://www.proofofstake.com/ has some nice charts but no total network "speed" information.
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