[ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 120.

ShadowOfScales

full member

Activity: 138

Merit: 100

Quote from: primer- on June 11, 2014, 03:14:51 AM

No new patches, dev has no idea whats going on, difficulty lower than 24h after launch, bter trading suspended.

I am out. Good luck guys, hope the traders earn back what they lost.

The coin launched a few days ago, it provides innovative features, you act as if all other devs are perfect, and spread fud.
BTER stopped trading due to the fork issues, which will be resolved when the network has more pools, and thus hash spread throughout the network, of course a new coin with innovate featues may have bugs initially.
The first day was fine, the dev may have tested privately, but private testing does not simulate the use and demands of a large network.

The dev has released multiple updates to the wallet to fix issues, and is continuing to work to the best of their abilities, you want to buy cheap coin and sell it when this coin gains more knowledge, volume, and of course the bugs are fixed.

Please stop, you're giving the community a bad image.

primer-

legendary

Activity: 1092

Merit: 1000

No new patches, dev has no idea whats going on, difficulty lower than 24h after launch, bter trading suspended.

I am out. Good luck guys, hope the traders earn back what they lost.

sp00lin9

hero member

Activity: 490

Merit: 500

Quote from: slimcoin on June 10, 2014, 08:42:32 PM

BTER did not kick this coin. They suspended the trading since I told them I may fork Slimcoin to fix the syncing failures that have been going along.

To fix this, I need more debug.log files to fix this issue. If anyone has one, send it over to me please.

To get a debug.log file, start the wallet with the -debug command and after some time quit it and go to your slimcoin root directory (the one with the blkindex.dat and wallet.dat, etc). Send me the file named debug.log.

I have 2 fat debugs!

Dev, you're more than welcome to virus scan the fuck out of them, they're just my debugs from both of my wallets.

https://mega.co.nz/#!HpoyzKLY!ICSmeysrVpAfG3LO_R6jn7Rif16p6unZ_KzmCDaPuLQ
https://mega.co.nz/#!exAXTRia!AOoOMrvH3yrE83RkhY9v31g-XbGA3pODh1Ciz4HL5uk

CryptoHobo

legendary

Activity: 1050

Merit: 1000

Quote from: wangdanni on June 10, 2014, 11:32:20 PM

who tell me why bter colsed withdraw and deposit?

read like 3 posts above this

debug logs coming when i can open my eyes properly

wangdanni

newbie

Activity: 35

Merit: 0

who tell me why bter colsed withdraw and deposit?

slimcoin

full member

Activity: 182

Merit: 100

I have gotten them through mega, filedropper, etc.

mmx888

member

Activity: 90

Merit: 10

Quote from: slimcoin on June 10, 2014, 08:42:32 PM

BTER did not kick this coin. They suspended the trading since I told them I may fork Slimcoin to fix the syncing failures that have been going along.

To fix this, I need more debug.log files to fix this issue. If anyone has one, send it over to me please.

To get a debug.log file, start the wallet with the -debug command and after some time quit it and go to your slimcoin root directory (the one with the blkindex.dat and wallet.dat, etc). Send me the file named debug.log.

debug.log file 6.2M...
How to send....

slimcoin

full member

Activity: 182

Merit: 100

BTER did not kick this coin. They suspended the trading since I told them I may fork Slimcoin to fix the syncing failures that have been going along.

To fix this, I need more debug.log files to fix this issue. If anyone has one, send it over to me please.

To get a debug.log file, start the wallet with the -debug command and after some time quit it and go to your slimcoin root directory (the one with the blkindex.dat and wallet.dat, etc). Send me the file named debug.log.

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: ShadowOfScales on June 10, 2014, 07:29:33 PM

With Proof of Burn, if one first buys some coins, the coin is quite profitable.

I admit i spread this FUD as soon as the coin hit bter. Went along the lines of "If you burn xx coins now you are to profit for months to come". It worked, the traders went crazy and the price was ridiculously high.

Bull... of course, you could have burnt 1000slm right after launch and you would not be getting any PoB now, well maybe one block per day. In a week you wont be getting any. I know, i've got 8k burnt.

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: reflector on June 10, 2014, 07:27:01 PM

Quote from: primer- on June 10, 2014, 07:22:53 PM

Are you saying the dev foresaw the unprofitabillity of the coin and therefore low difficulty when designing block reward and total cap? Fucking coin is broken beyond repair.

No, I'm saying it might balance itself out and that that was the intention. I don't know, but when I make an investment, I don't trash it, its creator, and other investors for no apparent reason. It seems counterproductive.

If you are one of the investors who bought in early i really feel sorry for you. You, in th first place, should be mad at the dev for not providing critical patches for the wallet, and the person who got it added to bter
just a couple hours after launch.

ShadowOfScales

full member

Activity: 138

Merit: 100

So a coin arrives with innovation, it has it's flaws, but it's functional, people find the new features quite innovative.
Later, greedy trolls arrive, only wishing to profit from the coin, and not understanding proof of burn, and how it works, reason to buy through trading, ect.
The coin will of course, take a long time to mine, but quit forgetting about proof of burn.

With Proof of Burn, if one first buys some coins, the coin is quite profitable.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: primer- on June 10, 2014, 07:22:53 PM

Are you saying the dev foresaw the unprofitabillity of the coin and therefore low difficulty when designing block reward and total cap? Fucking coin is broken beyond repair.

No, I'm saying it might balance itself out and that that was the intention. I don't know, but when I make an investment, I don't trash it, its creator, and other investors for no apparent reason. It seems counterproductive.

bitspender

hero member

Activity: 658

Merit: 500

Quote from: reflector on June 10, 2014, 07:17:34 PM

Quote from: primer- on June 10, 2014, 07:12:33 PM

Quote from: TheRealSteve on June 10, 2014, 07:10:12 PM

Quote from: primer- on June 10, 2014, 07:04:44 PM

Difficulty of 3-5 is to be expected if the coin picks up. What would the PoW reward be than, 2SLM?

Assuming that's a thing..
3: 4.75
5: 4.18

1. Name one other coin with such low reward.
2. In how many centuries are we going to hit the total cap of 250,000,000 coins? Obviously never because the reward system is broken.

You are ignoring market forces though. People are only going to mine it if it's profitable.1. Name one other coin with such low reward.

Edit:

Quote

1. Name one other coin with such low reward.

42?

Well, since BTER kicked SLM, i guess this coin can be considered as dead, no mather what reward.
I'm not going to keep my rigs on for a coin that cannot be exchanged on a daily base.

primer-

legendary

Activity: 1092

Merit: 1000

Are you saying the dev foresaw the unprofitabillity of the coin and therefore low difficulty when designing block reward and total cap? Fucking coin is broken beyond repair.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: primer- on June 10, 2014, 07:12:33 PM

Quote from: TheRealSteve on June 10, 2014, 07:10:12 PM

Quote from: primer- on June 10, 2014, 07:04:44 PM

Difficulty of 3-5 is to be expected if the coin picks up. What would the PoW reward be than, 2SLM?

Assuming that's a thing..
3: 4.75
5: 4.18

1. Name one other coin with such low reward.
2. In how many centuries are we going to hit the total cap of 250,000,000 coins? Obviously never because the reward system is broken.

You are ignoring market forces though. People are only going to mine it if it's profitable.1. Name one other coin with such low reward.

Edit:

Quote

1. Name one other coin with such low reward.

42?

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: TheRealSteve on June 10, 2014, 07:10:12 PM

Quote from: primer- on June 10, 2014, 07:04:44 PM

Difficulty of 3-5 is to be expected if the coin picks up. What would the PoW reward be than, 2SLM?

Assuming that's a thing..
3: 4.75
5: 4.18

1. Name one other coin with such low reward.
2. In how many centuries are we going to hit the total cap of 250,000,000 coins? Obviously never because the reward system is broken.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: primer- on June 10, 2014, 07:04:44 PM

Difficulty of 3-5 is to be expected if the coin picks up. What would the PoW reward be than, 2SLM?

Assuming that's a thing..
3: 4.75
5: 4.18

Quote from: sandor111 on June 10, 2014, 07:08:08 PM

Your right, this is the exact formula: reward = maxreward/((diff*4096)^(1/4))
In my pseudocode, diff has to be multiplied by 4096, because it's using a higher max target than Bitcoin.

Yep

sandor111

hero member

Activity: 616

Merit: 500

Quote from: TheRealSteve on June 10, 2014, 06:44:13 PM

The graph pretty much follows the fourth root no matter which way you plot it - depending on the reference.

Considering the value cited, I'm going to guess that you're asking about the difficulty as reported by the JSON-RPC. Rather than messing with the calculations involved, you can always check the actual values so far:

Amateur hour guess: diff 0.93650019 ~= 6.35 SLiM (PoW, not even going to attempt PoB)

Your right, this is the exact formula: reward = maxreward/((diff*4096)^(1/4))
In my pseudocode, diff has to be multiplied by 4096, because it's using a higher max target than Bitcoin.

primer-

legendary

Activity: 1092

Merit: 1000

Professional prediction : Current miner can be optimized by a tenfold or more.
My old dual core is half the speed the latest 4770k cpu. Obviously AES and SSSE optimizations are missing. My other miners, including original scrypt cpuminer does at least 10x better on 4770k.

If ported to GPU we will see a 100x speed increase. Difficulty of 3-5 is to be expected if the coin picks up. What would the PoW reward be than, 2SLM?

I'm here, wasting my time, as i've made quiet an amount selling in the first 48h and have moral obligation to help the coin survive so the traders eventually earn some of the money back. I'll give it another 24h, if the dev does not submit patches for the wallet i'm done.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

The graph pretty much follows the fourth root no matter which way you plot it - depending on the reference.

Considering the value cited, I'm going to guess that you're asking about the difficulty as reported by the JSON-RPC. Rather than messing with the calculations involved, you can always check the actual values so far:

Amateur hour guess: diff 0.93650019 ~= 6.35 SLiM (PoW, not even going to attempt PoB)

Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 120. (Read 284956 times)