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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 126. (Read 684864 times)

hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
Ok hi guys,

Some of you may know me from the Bitcoin or Litecoin side of things... Im quite often on BTC-E and here. I have now reached my total LTC I want and now wish to switch to an alternate currency. I have heard mentions of PPcoin, and well to say the least info is a bit scarce.

I wish to throw between 10-20 5870 gpus (roughly 5-8MH on LTC) towards ppcoin but I have questions... if someone could answer these categorically I would appreciate this alot and Im sure the developers would appreciate the extra network hash:

1. What are the main improvements over other cryptocurrencies?

2. Where can I get the client and miners for PPcoin... and are they GUI based?

3. Can I have url(s) of exchanges accepting PPcoin.

4. Are there any pools for PPcoin?

5. Where is it possible to see network hash and/or breakdown of pools/solo.

Like I said I will be very appreciative, and as a sign of goodwill I will donate my FULL first days earnings on PPcoin to whoever manages to get me mining whether it be pool or solo.

 Grin
legendary
Activity: 1205
Merit: 1010
what date will be first Proof of Stake? Watching closely Smiley

First proof-of-stake block should appear on network around 18th~20th of this month.
legendary
Activity: 1205
Merit: 1010
What effect does proof of stake have on a services wallet? I see there's a thread that's run that does proof of stake mining. What does this do to existing coins older than X days in a users wallet? Are they consumed? Or  are they sent from one address to another?

There's an RPC command 'reservebalance'. What does this do exactly? Should a merchant use 'reservebalance' to ensure they have funds available to service clients while proof of stake calculations are going on? What's the CPU usage like of that ongoing proof of stake mining thread?

When stake is generated it's basically paid to the same address/key where the coins belong to inside the coinstake transaction. In the getinfo output it would be transferred from 'balance' to 'stake' and held there for maturity before it can return back to balance.

For a service hot wallet this might not be preferable. If you want all coins to be always available for withdrawal you can set 'reservebalance' configuration to a large amount (larger than your balance) then stake won't be generated in that case. The reservebalance configuration basically instructs the stake minter to keep the balance from falling below this number.

CPU usage should be limited as it only uses one thread and normally it shouldn't be 100% on the thread either.
legendary
Activity: 1078
Merit: 1005
What effect does proof of stake have on a services wallet? I see there's a thread that's run that does proof of stake mining. What does this do to existing coins older than X days in a users wallet? Are they consumed? Or  are they sent from one address to another?

There's an RPC command 'reservebalance'. What does this do exactly? Should a merchant use 'reservebalance' to ensure they have funds available to service clients while proof of stake calculations are going on? What's the CPU usage like of that ongoing proof of stake mining thread?
sr. member
Activity: 448
Merit: 250
what date will be first Proof of Stake? Watching closely Smiley
legendary
Activity: 1442
Merit: 1000
Well, I fiddled around with the source code and added the PPCoin icons. Also changed the naming in the source so it says PPCoin instead of Bitcoin.

The client should still be under the same link, but for those who don't know it:
http://dl.dropbox.com/u/75013537/PPCoin.7z


I would encourage other miners using the GUI to donate to xisalty for his hard work Smiley
newbie
Activity: 42
Merit: 0
Well, I fiddled around with the source code and added the PPCoin icons. Also changed the naming in the source so it says PPCoin instead of Bitcoin.

The client should still be under the same link, but for those who don't know it:
http://dl.dropbox.com/u/75013537/PPCoin.7z
newbie
Activity: 42
Merit: 0
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,]
[url=http://dl.dropbox.com/u/75013537/PPCoin.7z]
http://dl.dropbox.com/u/75013537/PPCoin.7z[/url]


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.

thanks Smiley
I've updated the link in my first post, turns out I forgot to include the libraries needed because QT doesn't do it for me :S.
http://dl.dropbox.com/u/75013537/PPCoin.7z

You are amazing! Donation address for PPC? Smiley
Donation address: PAijJpcSwQzbnZSd3U8DB6EXBPRiJjkCy7
legendary
Activity: 1205
Merit: 1010
Weekly Update #3

  • This week we witnessed the opening of two exchanges, first by Mugen's CryptoCoin, followed by Chris' Bitparking. Trading on Bitparking has been very impressive, first day volume was over 200k ppc. Thanks to Chris and Mugen for providing the trading platforms for the community.
  • Several GUI applications have also been created by the community. Users who are not proficient with command line can now choose between the GUI applications. We recommend due diligence to verify the reputation and source code of these applications.
  • The network protocol switch will occur tomorrow (September 10th) and users must upgrade to v0.2.0 before the switch. Switch is automatic so users don't need to do anything special. I will monitor the state of the network tomorrow and provide updates on the network status.
  • A bug has been found with the checkwallet command. It may generate false reports on wallet problems. Fix will be included in the next bug fix release v0.2.1
  • I would like to discuss a bit about block spacings. As ppcoin has two type of blocks, proof-of-work block and proof-of-stake block, each type has its own spacing target. Proof-of-stake blocks have a constant spacing target of 10 minutes. Target spacing of proof-of-work blocks are variable, with a minimum target of 10 minutes, and a higher target spacing when proof-of-stake block spacing approaches 10 minutes. When proof-of-stake blocks become abundant, we estimate that proof-of-work block spacing would eventually settle around 30 minutes. The purpose of this design is to reduce the variance of block spacing and maintain overall spacing target around 7.5~10 minutes.

Happy trading and next week!
legendary
Activity: 1713
Merit: 1029
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,]
[url=http://dl.dropbox.com/u/75013537/PPCoin.7z]
http://dl.dropbox.com/u/75013537/PPCoin.7z[/url]


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.

thanks Smiley
I've updated the link in my first post, turns out I forgot to include the libraries needed because QT doesn't do it for me :S.
http://dl.dropbox.com/u/75013537/PPCoin.7z

You are amazing! Donation address for PPC? Smiley
hero member
Activity: 860
Merit: 1004
BTC OG and designer of the BitcoinMarket.com logo
Is anyone working on an OSX PPC GUI ? preferably supporting 10.5 Wink
legendary
Activity: 1442
Merit: 1000
newbie
Activity: 42
Merit: 0
legendary
Activity: 1442
Merit: 1000
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,]
[url=http://dl.dropbox.com/u/75013537/PPCoin.7z]
http://dl.dropbox.com/u/75013537/PPCoin.7z[/url]


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.

thanks Smiley
I've updated the link in my first post, turns out I forgot to include the libraries needed because QT doesn't do it for me :S.
http://dl.dropbox.com/u/75013537/PPCoin.7z



awesome job! thanks for your hard work Smiley
newbie
Activity: 42
Merit: 0
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,]
[url=http://dl.dropbox.com/u/75013537/PPCoin.7z]
http://dl.dropbox.com/u/75013537/PPCoin.7z[/url]


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.

thanks Smiley
I've updated the link in my first post, turns out I forgot to include the libraries needed because QT doesn't do it for me :S.
http://dl.dropbox.com/u/75013537/PPCoin.7z
legendary
Activity: 1442
Merit: 1000
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,
http://dl.dropbox.com/u/75013537/PPCoin.7z


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.

thanks Smiley
newbie
Activity: 42
Merit: 0
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,
http://dl.dropbox.com/u/75013537/PPCoin.7z


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
Give me a minute i'll look into it.
legendary
Activity: 1442
Merit: 1000
Well guys it took me a long time but I finally built the windows GUI client.

Link to download,
http://dl.dropbox.com/u/75013537/PPCoin.7z


Not working for me, getting a "the program can't start because of missing minggwm10.dll" error  Sad
legendary
Activity: 1078
Merit: 1005
Not looking good on 1.0.2:

Sep  9 04:27:01 xxx cpuminer[4808]: PROOF OF WORK RESULT: false (booooo)
This is normal on old cpuminer versions as they submitted difficulty 1 shares always. This means you get a bunch of false proof of works for those that don't meet the actual target difficulty.
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