Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 68. (Read 684864 times)
July 13, 2013, 12:19:27 AM
Voting is over. #199 wins the contest. Say hello to ppc's new logo! Now on to rebuilding the website!
July 12, 2013, 06:37:14 PM
Hello all, I am in need of some testnet addnodes. Is anyone running it?
The daemon can't connect to the only node it has, 178.33.22.20:9903
Thanks.
The daemon can't connect to the only node it has, 178.33.22.20:9903
Thanks.
July 11, 2013, 01:22:03 AM
The final round of voting has begun for the Peercoin logo design contest. Please place your final vote at the link below...
https://bitcointalksearch.org/topic/design-contest-is-over-say-hello-to-ppcs-new-logo-254091
https://bitcointalksearch.org/topic/design-contest-is-over-say-hello-to-ppcs-new-logo-254091
July 10, 2013, 10:47:06 AM
Ah, thank you, that makes more sense. Does that mean that the client intentionally throttles the stake mining thread? Otherwise I would expect to see at least one thread at 100% if you have any coins that are 30 days or older that haven't been staked yet.
Is there a command in ppcoind that can give me confirmation that it is trying to stake mine?
Is there a command in ppcoind that can give me confirmation that it is trying to stake mine?
The stake minter thread is automatically running as long as the client wallet is running. If it couldn't run (e.g. locked wallet) it would give a message.
Normally it shouldn't consume much cpu when it is minting.
July 10, 2013, 10:08:08 AM
So I have about 35 coins which are now about 32 days old. I have a few questions about coinstake minting.
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
You have 35*2 coin days, and yes, you'll have to wait for another 30 days (at least) after mining a stake block. The probability to even find one within a year with such a small amount of funds is fairly small.
This seems odd as it would encourage people to wait the maximal amount before trying to mine a stake block, since every time you do, you lose 30 days of interest. So under ideal conditions, the interest is not 1%, it is about 0.75% interest, and only if you can reliably mine your stake near the end of the 90 day cap period.
Any idea why my client does not appear to be stake mining? (CPU usage is zero)
Wait, there's a misconception here. It's 35*2 coin days for the purpose of difficulty, but 35*32 for the amount of interest calculation.
If you don't have many unspent txouts older than 30 days, the CPU usage will be fairly low. The whole point of proof of stake is that it reduces energy consumption by not being processing power bound, but rather time and money bound.
Ah, thank you, that makes more sense. Does that mean that the client intentionally throttles the stake mining thread? Otherwise I would expect to see at least one thread at 100% if you have any coins that are 30 days or older that haven't been staked yet.
Is there a command in ppcoind that can give me confirmation that it is trying to stake mine?
July 09, 2013, 05:20:13 PM
So I have about 35 coins which are now about 32 days old. I have a few questions about coinstake minting.
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
You have 35*2 coin days, and yes, you'll have to wait for another 30 days (at least) after mining a stake block. The probability to even find one within a year with such a small amount of funds is fairly small.
This seems odd as it would encourage people to wait the maximal amount before trying to mine a stake block, since every time you do, you lose 30 days of interest. So under ideal conditions, the interest is not 1%, it is about 0.75% interest, and only if you can reliably mine your stake near the end of the 90 day cap period.
Any idea why my client does not appear to be stake mining? (CPU usage is zero)
Wait, there's a misconception here. It's 35*2 coin days for the purpose of difficulty, but 35*32 for the amount of interest calculation.
If you don't have many unspent txouts older than 30 days, the CPU usage will be fairly low. The whole point of proof of stake is that it reduces energy consumption by not being processing power bound, but rather time and money bound.
July 09, 2013, 11:37:57 AM
So I have about 35 coins which are now about 32 days old. I have a few questions about coinstake minting.
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
You have 35*2 coin days, and yes, you'll have to wait for another 30 days (at least) after mining a stake block. The probability to even find one within a year with such a small amount of funds is fairly small.
This seems odd as it would encourage people to wait the maximal amount before trying to mine a stake block, since every time you do, you lose 30 days of interest. So under ideal conditions, the interest is not 1%, it is about 0.75% interest, and only if you can reliably mine your stake near the end of the 90 day cap period.
Any idea why my client does not appear to be stake mining? (CPU usage is zero)
July 08, 2013, 05:39:43 PM
So I have about 35 coins which are now about 32 days old. I have a few questions about coinstake minting.
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
You have 35*2 coin days, and yes, you'll have to wait for another 30 days (at least) after mining a stake block. The probability to even find one within a year with such a small amount of funds is fairly small.
July 08, 2013, 12:30:17 PM
No offense but how do you have so many coins and not understand one of the most special things about them
I do not know all details of the banking system or my computer's OS either but I still use them regularly. I thought stake was not relevant for me since my wallet is encrypted.
Consider me rich when, not if, PPC reaches $1,000
PPC will never reach $1000. It might reach $10-100.
Bitcoin might reach $1000-15,000 in the same time period.
July 08, 2013, 11:42:02 AM
So I have about 35 coins which are now about 32 days old. I have a few questions about coinstake minting.
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
Do my coins have 35*32 coin days or do 35*2 coin days? In other words, does coin age only start building up after the 30 day waiting period?
My wallet is not encrypted, when I run the client, do I get any indication that the client is minting? I would at least expect to see some CPU activity for the process, which I don't.
Once I do find a stake block, and after I wait the 520 block stake period, do I have to wait another 30 days before I can start trying for another block?
July 08, 2013, 01:47:18 AM
Good news. Vircurex has reduced withdrawl fee of PPC (among others) to 0.01.
https://bitcointalksearch.org/topic/m.2674470
https://bitcointalksearch.org/topic/m.2674470
July 07, 2013, 11:42:39 AM
1st round voting has now been completed. The clear favorite among most people is the designer Lightning with #109, followed by lesdeane with #96 and Gamekyuubi...
1st Round Designer Votes:
15 - Lightning
9 - lesdeane
7 - Gamekyuubi
6 - maxwell
4 - PhatCowDesigns
4 - Akaki
1st Round Design Votes:
7 - #109
5 - #96
4 - #35
3 - #48
We have now entered the final round, which will last three days. The six selected designers can now submit new or updated designs. We need to help them make their revisions. After these three days are up though, there will be no more design time, so this is it. We need to use this time wisely. If you have suggestions, please post them now either on the main contest page or on the new feedback thread at ppcointalk...
http://www.ppcointalk.org/index.php?topic=315.0
1st Round Designer Votes:
15 - Lightning
9 - lesdeane
7 - Gamekyuubi
6 - maxwell
4 - PhatCowDesigns
4 - Akaki
1st Round Design Votes:
7 - #109
5 - #96
4 - #35
3 - #48
We have now entered the final round, which will last three days. The six selected designers can now submit new or updated designs. We need to help them make their revisions. After these three days are up though, there will be no more design time, so this is it. We need to use this time wisely. If you have suggestions, please post them now either on the main contest page or on the new feedback thread at ppcointalk...
http://www.ppcointalk.org/index.php?topic=315.0
July 03, 2013, 11:36:29 PM
The qualifying round is over, but before we can move on to the final round, you need to go vote for your favorite 6 designers. If you don't vote, they might not make it to the next round. Go to this thread to vote...
https://bitcointalksearch.org/topic/1st-round-voting-for-ppc-logo-contest-vote-for-your-6-favorite-designers-249528
https://bitcointalksearch.org/topic/1st-round-voting-for-ppc-logo-contest-vote-for-your-6-favorite-designers-249528
July 03, 2013, 01:14:07 AM
No offense but how do you have so many coins and not understand one of the most special things about them
I do not know all details of the banking system or my computer's OS either but I still use them regularly. I thought stake was not relevant for me since my wallet is encrypted.
Consider me rich when, not if, PPC reaches $1,000
hmm yeah your wallet would be locked and stake minting suspended with an encrypted wallet, you sure you didn't unlock it?
July 03, 2013, 01:02:51 AM
No offense but how do you have so many coins and not understand one of the most special things about them
I do not know all details of the banking system or my computer's OS either but I still use them regularly. I thought stake was not relevant for me since my wallet is encrypted.
Consider me rich when, not if, PPC reaches $1,000
July 03, 2013, 12:47:15 AM
30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.
Thanks. I thought the "Stake:" is for how many coins are eligible for generating stakes. There really should be a manual for the wallet, at least for the PPC specific features. I see similar request on ppcointalk http://www.ppcointalk.org/index.php?topic=27.0
Yes, there should be better documentation, but someone needs to write it
The "Stake" value is how many of your coins are currently locked down because they generated a Proof of Stake block.
Coins eligible for the generation of such a block are generally any coins that haven't moved for 30 days, but beware that sending any transaction might pick arbitrary coins from your wallet, send part of them to the destination and part of them back to yourself as change, which counts as "moved" as well.
Another condition is of course that it will refuse to use funds to generate a stake block if that would drop your "movable" funds below the specified reserve amount.
July 03, 2013, 12:23:23 AM
30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.
Thanks. I thought the "Stake:" is for how many coins are eligible for generating stakes. There really should be a manual for the wallet, at least for the PPC specific features. I see similar request on ppcointalk http://www.ppcointalk.org/index.php?topic=27.0
July 03, 2013, 12:08:04 AM
Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?
Obviously 6400 of your coins generated stake and now you have to wait 520 blocks before they'll be available for spending again. That's how stake blocks (and stake rewards) are generated. If you want to make sure this doesn't happen you have to set the reserve balance field in the ppcoin.conf file. Someday they plan to put this control into the GUI.
Does it mean the coins that have not generated stakes will not show in the "Stake:" amount in the ppcoin-qt GUI?
I do not enrypting my wallet. I have these in my ppcoin.conf
datadir=xxxx
server=1
rpcuser=xxxxx
rpcpassword=xxxxx
daemon=1
reservebalance=1
I have some 20 some coins that are more than 30 days old and I am wondering why the "Stake:" remains 0. So the reason is just that my coins haven't found POS blocks?
30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.
July 02, 2013, 11:32:36 PM
Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?
Obviously 6400 of your coins generated stake and now you have to wait 520 blocks before they'll be available for spending again. That's how stake blocks (and stake rewards) are generated. If you want to make sure this doesn't happen you have to set the reserve balance field in the ppcoin.conf file. Someday they plan to put this control into the GUI.
Does it mean the coins that have not generated stakes will not show in the "Stake:" amount in the ppcoin-qt GUI?
I do not enrypting my wallet. I have these in my ppcoin.conf
datadir=xxxx
server=1
rpcuser=xxxxx
rpcpassword=xxxxx
daemon=1
reservebalance=1
I have some 20 some coins that are more than 30 days old and I am wondering why the "Stake:" remains 0. So the reason is just that my coins haven't found POS blocks?
July 02, 2013, 07:37:17 PM
You are rich!! Can you please send me some ppc?
I guess 13.5 BTC of altcoins is the new definition of rich and become a target for begging.
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