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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 142. (Read 684839 times)

hero member
Activity: 840
Merit: 1000
The block reward appears to be consistently decreasing.  The first block I mined was worth 2481.75.  Maybe it is some sort of exponential decay from 2500/block?

That "newmint" : 7251.48000000 caston's getinfo output shows might be how many coins the next block will mint?

Maybe they set it up to give tons of coins to first few miners, less to others later?

Haven't read the whitepaper yet... (Coin first, settle down to read once coin is coming in...)

-MarkM-


"newmint" is equal to the total coins I have mined.  It may only refer to unconfirmed generations, but since it takes 520 blocks to mature, I do not know yet.  I've mined quite a few blocks and the reward drops slightly every one.
hero member
Activity: 756
Merit: 500
Is there anyway to find out what kind of hashing power is being thrown as this?

I am unsure if I should let it keep mining or just give up.

oh yes!! [2012-08-20 09:31:24] Accepted 00201e72.b6a12db1 BLOCK! GPU 0
legendary
Activity: 2940
Merit: 1090
The block reward appears to be consistently decreasing.  The first block I mined was worth 2481.75.  Maybe it is some sort of exponential decay from 2500/block?

That "newmint" : 7251.48000000 caston's getinfo output shows might be how many coins the next block will mint?

Maybe they set it up to give tons of coins to first few miners, less to others later?

Haven't read the whitepaper yet... (Coin first, settle down to read once coin is coming in...)

-MarkM-

hero member
Activity: 840
Merit: 1000
The block reward appears to be consistently decreasing.  The first block I mined was worth 2481.75.  Maybe it is some sort of exponential decay from 2500/block?
legendary
Activity: 2940
Merit: 1090
I have been mining since release but haven't yet found a block.. I am using cgminer with a single 6950 with locked shaders and I'm on wifi to my adsl router ):

 getinfo
{
    "version" : "v0.1.0ppc-beta",
    "protocolversion" : 60001,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 7251.48000000,
    "stake" : 0.00000000,
    "blocks" : 170,
    "connections" : 30,
    "proxy" : "",
    "ip" : "x.x.x.x",
    "difficulty" : 332.00664925,
    "testnet" : false,
    "keypoololdest" : 1345399274,
    "keypoolsize" : 101,
    "paytxfee" : 0.01000000,
    "errors" : ""


BTW do I get anything for posting a ppcoin address?

PJRLE7zanc9eQL477z6r1CWnBpRxPpxZbu

Using just half the hashing power of my 5870 I got a block in minutes, I wonder how it decides how many coins to assign though, look at how many I purportedly get:

Code:
        "account" : "",
        "category" : "immature",
        "amount" : 2331.41000000,
        "confirmations" : 3,
        "blockhash" : "000000000030f4d84dbc5ca5aa7c7465f7f8ee89b5c77750acd3401ea7476166",
        "blockindex" : 0,
        "txid" : "7f9322b86c8b5d4db4af890b7bf8a8126fd73c84fda60c7374404d0752ec4c31",
        "time" : 1345424597

-MarkM-
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
this can be mergemined with LTC someday?

edit: lol i should have read markm's post lol .  I assume so !
legendary
Activity: 2940
Merit: 1090
I haven't read anything about it being merged-mine-able, yet it claims to be energy-efficient.

I don't' see a lot of efficiency in requiring the use of more electricity instead of simply adding it to one's merged-mining lineup...

So far it thus looks less energy-efficient than Namecoin, Devcoin, Groupcoin, I0coin, Ixcoin, and Coiledcoin, all of which can all be mined at once using less added electricity in total for the lot of them  than this newfangled thing uses...

-MarkM-
hero member
Activity: 756
Merit: 500
I have been mining since release but haven't yet found a block.. I am using cgminer with a single 6950 with locked shaders and I'm on wifi to my adsl router ):

 getinfo
{
    "version" : "v0.1.0ppc-beta",
    "protocolversion" : 60001,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 7251.48000000,
    "stake" : 0.00000000,
    "blocks" : 170,
    "connections" : 30,
    "proxy" : "",
    "ip" : "x.x.x.x",
    "difficulty" : 332.00664925,
    "testnet" : false,
    "keypoololdest" : 1345399274,
    "keypoolsize" : 101,
    "paytxfee" : 0.01000000,
    "errors" : ""


BTW do I get anything for posting a ppcoin address?

PJRLE7zanc9eQL477z6r1CWnBpRxPpxZbu
legendary
Activity: 1420
Merit: 1010
I tried to get the client running but it says something about RPCpassword and such Tongue
Anyone care to help me? Smiley
//DeaDTerra

you need to make ppcoin.conf Smiley

in ./ppcoin folder
I have made on in the roaming/PPcoin it's called ppcoin.conf
and it contains
rpcuser=bitcoinrpc
rpcpassword=
but it doesn't work
//DeaDTerra
You need to give it a password.
I gave it a password, still didn't work. Must the pass have certain characteristics.
//DeaDTerra

I have similar issue as mentioned by DeadTerra....

Message says that there is no file is there C:... /ppcoin/ppcoin.conig....blah blah

Yet I had created the file etc.. was editing it and not sure why still getting message....

RESOLVED - Looked in the folder where the config file should have been .. and there were 2 files as one wa already created... and with all the lines commented out... altered the lines

rpcuser=User
rpcpassword=pass

and that got rid of that error message Smiley


However now i just get blank screen on running ppcoind.exe Huh

Any ideas.. setting in config i take it... alredy allowed access through firewall.

legendary
Activity: 1205
Merit: 1010
- Initial release is command line (daemon) only. If you don't know how to use it read Bitcoin wiki and our wiki or ask others for help.
- Proof-of-work difficulty starts at 256 and then continuously adjust (same as bitcoin hash algorithm)
- No premine. See the prerelease thread. Release build was published 5 minutes before block chain start time
- Checkpoint will try to checkpoint *every* proof-of-work block. This way malicious powerful miners can't kick good nodes' blocks. We will review this policy after the network begins to mature.
newbie
Activity: 27
Merit: 0
You get to "mine" proof-of-stake by holding-and-spending coins in a manner that maximizes their age.

In principle, the idea is rather good.

In this implementation - not so sure    Grin
hero member
Activity: 840
Merit: 1000
I still do not understand proof of stake very well.  Do miners collect transaction fees just by holding coins?
sr. member
Activity: 266
Merit: 250
LitecoinTalk
What miners is this supporting ?
scrypt Smiley

@Sunny King how can the diff be that high?
It is that "high" because it is not scrypt based. Standard SHA256.

then i'll need to ask, how can i mine with scrypt ??

You can't, because it's based off SHA256.

Sure i can Simran, else i would not say if.. doh..
hero member
Activity: 714
Merit: 500
What miners is this supporting ?
scrypt Smiley

@Sunny King how can the diff be that high?
It is that "high" because it is not scrypt based. Standard SHA256.

then i'll need to ask, how can i mine with scrypt ??

You can't, because it's based off SHA256.
sr. member
Activity: 266
Merit: 250
LitecoinTalk
What miners is this supporting ?
scrypt Smiley

@Sunny King how can the diff be that high?
It is that "high" because it is not scrypt based. Standard SHA256.

then i'll need to ask, how can i mine with scrypt ??
hero member
Activity: 840
Merit: 1000
What miners is this supporting ?
scrypt Smiley

@Sunny King how can the diff be that high?
It is that "high" because it is not scrypt based. Standard SHA256.
sr. member
Activity: 266
Merit: 250
LitecoinTalk
@Sunny King how can the diff be that high?
sr. member
Activity: 266
Merit: 250
LitecoinTalk
sr. member
Activity: 266
Merit: 250
LitecoinTalk
I tried to get the client running but it says something about RPCpassword and such Tongue
Anyone care to help me? Smiley
//DeaDTerra

you need to make ppcoin.conf Smiley

in ./ppcoin folder
I have made on in the roaming/PPcoin it's called ppcoin.conf
and it contains
rpcuser=bitcoinrpc
rpcpassword=
but it doesn't work
//DeaDTerra

not sure then, sorry..

working here
hero member
Activity: 840
Merit: 1000
What miners is this supporting ?
Any miner should work.  I'm using cgminer.

I gave it a password, still didn't work. Must the pass have certain characteristics.
//DeaDTerra
Hmmm, no idea.  There are no special password requirements, a single character should work even.
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