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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 99. (Read 684839 times)

legendary
Activity: 1205
Merit: 1010
Sunny !!!!
Quote
This week novacoin hit a protocol issue which required update. I have helped Balthazar to switch the protocol....

Is NVC a concurent of PPC ?
I protested to minning NVC on SOLO mining, when it was easy to mine, because it has relased only in russian forum, and was premined.
Now YOU help NVC ?

I try to help all altcoins irregardless whether I like them or not myself, yeah even for novacoin which is a fork of ppcoin, I know many other people would outright hate copycat projects of their creation but I have a different mindset. I think many of us don't yet realize that even though we are competing against each other in the market, we are really all part of a big team leading the world into a new era.
legendary
Activity: 1484
Merit: 1005
This is my humble opinion but as far as I understand it, the Proof-of-Stake model offers better protection from 51% attack as the attacker would have to own 51% of all coins which would be virtually impossible to accomplish (even if, say, the Chinese Gov't wants to buy all ppc the price of the ppc would increase exponentially, making it impossible even for them to own the majority). - It's easier to control majority of processing power than majority of coins. - This is just my partial understanding of the PPC whitepaper, I'm still struggling with it.

This would be a special case situation in which no one is using PPC for currency and in which we disregard any effect of PoW I would think, as PPC only generate stake blocks after sitting and doing nothing for 30 days.  In the case where 50% of the coins in the network are being actively transferred between persons, you only need 25% or more of the network to perform such an attack using stake blocks if we were to disregard PoW entirely.  The more coins that are being actively traded, the less stake required to perform an attack.

But PoW is never disregarded by the chain, rather Sunny King just assumes that PoW blocks will be mined with exponentially increasing hash rate with the same overall power output.  PoS actually makes it quite a lot easier to attack the network in the event that the PoW hash rate isn't very high and a lot of PPC is being actively traded, so long as the attack is well premeditated (as you need to wait to accumulate coinage).
legendary
Activity: 1118
Merit: 1004
Hi, is ppcoin protected from 51% attack?

This is my humble opinion but as far as I understand it, the Proof-of-Stake model offers better protection from 51% attack as the attacker would have to own 51% of all coins which would be virtually impossible to accomplish (even if, say, the Chinese Gov't wants to buy all ppc the price of the ppc would increase exponentially, making it impossible even for them to own the majority). - It's easier to control majority of processing power than majority of coins. - This is just my partial understanding of the PPC whitepaper, I'm still struggling with it.
full member
Activity: 467
Merit: 100
DIA | Data infrastructure for DeFi
Sunny !!!!
Quote
This week novacoin hit a protocol issue which required update. I have helped Balthazar to switch the protocol....

Is NVC a concurent of PPC ?
I protested to minning NVC on SOLO mining, when it was easy to mine, because it has relased only in russian forum, and was premined.
Now YOU help NVC ?
newbie
Activity: 41
Merit: 0
Hi, is ppcoin protected from 51% attack?
hero member
Activity: 490
Merit: 500
Trying to dig through the numerous posts and ppc site, to try and confirm how windows proof of stake mining is done?  Do windows users just need the ppc qt app and some coins?  Or is there more involved?

Thanks!  Given the stability and unique offering I decided to take the plunge and try it out a bit for a while.  At least while my bitcoins are cooking in this storm of growth :-) lol
legendary
Activity: 1205
Merit: 1010
is there some error with http://www.proofofstake.com/ ?

at the Minted Daily chart, it looks like there are 0 coins minted since March the 20th, that can't be right , no?

Looks like Andy's site hasn't been updated.
sr. member
Activity: 473
Merit: 250
Sodium hypochlorite, acetone, ethanol
is there some error with http://www.proofofstake.com/ ?

at the Minted Daily chart, it looks like there are 0 coins minted since March the 20th, that can't be right , no?

legendary
Activity: 1205
Merit: 1010
Support for getblocktemplate and sendblock are the only blockers for my pool to have stratum on PPC. Currently at almost 500 Ghash/s on getwork is causing some strain with the setup I have unfortunately. That and the memory leak. I've set ppcoind to be restarted every two hours to stop crashes due to that.

Happy to know you have a workaround in place for now.
legendary
Activity: 1078
Merit: 1005
Will there be stratum support also?
Support for getblocktemplate and sendblock are the only blockers for my pool to have stratum on PPC. Currently at almost 500 Ghash/s on getwork is causing some strain with the setup I have unfortunately. That and the memory leak. I've set ppcoind to be restarted every two hours to stop crashes due to that.
hero member
Activity: 560
Merit: 500
Will there be stratum support also?
newbie
Activity: 14
Merit: 0
This was a very long thread and this question may have been asked, but I just don't have time to read it!

What is the difficulty mining PPC, I assume it is nowhere near the level of bitcoin.  I.E. a 7970 running LTC @ 680khash/s, what sort of return would be expected mining PPC?  Would a more robust rig be more worthwhile?
legendary
Activity: 1205
Merit: 1010
Sunny King, do you have any plans to introduce new stuff from bitcoin 0.8 i.e. getblocktemplate, getrawtransaction etc ?

Yes bitcoin 0.8 features are planned for next release.
legendary
Activity: 1182
Merit: 1000
Sunny King, do you have any plans to introduce new stuff from bitcoin 0.8 i.e. getblocktemplate, getrawtransaction etc ?
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
I didn't get the upgrade done in time I guess.  Now I've updated by following the instructions on the forum thread about how to update.

But my balance is missing a bunch of coins (~1/5th) and when I do a listtransactions it looks like I have three orphan transactions that look like they might represent my missing coins.

Will a -rescan fix this?

Another interesting thing in 0.3.0, listaccounts shows my balance roughly 5x higher than getbalance and getinfo.

Thanks!


Try

ppcoind checkwallet

if it reports something other than check passed, backup wallet first. and then run

ppcoind repairwallet

This should fix your wallet. Let me know how it goes.

Awesome.  That got my balance back in getinfo/getbalance.  The listaccounts is still ~5x off, must be something unrelated?

Thanks for the assist!
legendary
Activity: 1205
Merit: 1010
I didn't get the upgrade done in time I guess.  Now I've updated by following the instructions on the forum thread about how to update.

But my balance is missing a bunch of coins (~1/5th) and when I do a listtransactions it looks like I have three orphan transactions that look like they might represent my missing coins.

Will a -rescan fix this?

Another interesting thing in 0.3.0, listaccounts shows my balance roughly 5x higher than getbalance and getinfo.

Thanks!


Try

ppcoind checkwallet

if it reports something other than check passed, backup wallet first. and then run

ppcoind repairwallet

This should fix your wallet. Let me know how it goes.
newbie
Activity: 14
Merit: 0
how do you figure out the price per usd?
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
I didn't get the upgrade done in time I guess.  Now I've updated by following the instructions on the forum thread about how to update.

But my balance is missing a bunch of coins (~1/5th) and when I do a listtransactions it looks like I have three orphan transactions that look like they might represent my missing coins.

Will a -rescan fix this?

Another interesting thing in 0.3.0, listaccounts shows my balance roughly 5x higher than getbalance and getinfo.

Thanks!
hero member
Activity: 756
Merit: 500
I was  wondering what is the current ppcoin block reward?
legendary
Activity: 1064
Merit: 1000
I'm running ppcoind behind a very strict firewall and it's not working. What port do I need to open? 9902? 9901? Or both?

9901 is the port that PPCoin communicates over the internet to other nodes.

9902 is the command RPC port that ones uses locally.

Technically you should not have to open port 9901, normally a firewall will only block ports that have not been solicited from within the network they are protecting. It would be difficult for any connection to work otherwise. For example you make an initial connection to a webpage at port 80,  then the web sever sends back other ports to continue communicating on. This works because you solicited the web server and the firewall keeps track.


Anyway,
The coin daemons can still communicate, they just cannot accept blind connections they did not solicit in the first place. The vast majority of people run their daemons that way.

But 9901 is the port to open if you are behind some strange firewall config.  Smiley
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