[ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 172.

chiguireitor

legendary

Activity: 872

Merit: 1010

Coins, Games & Miners

Quote from: antonio8 on May 31, 2014, 10:00:32 AM

I was hoping that was not the case but didn't want to risk losing coins in a transfer to an exchange.

That's misleading. There's no need to burn. Burning coins only works to mine more coins. Primer- has a long story of trolling, please disregard that user. You can mine with PoW and sell those coins. You can mine with PoB and sell those coins. Both are equally valid. The only change of this coins in regards to more traditional clones is that there's no need for everyone to have big mining rigs because most coins are mined via PoB.

If you want me to explain it in spanish (i assume you're hispano because of your username), you're welcome to send me a PM and then i can help you understand the coin a little bit better

antonio8

legendary

Activity: 1400

Merit: 1000

So I just burned my first block of 16.04 Slim's

Net Burnt Coins: 16.03
Effective Burnt Coins: 16.029714
Decayed Burnt Coins: 0.000318

I say I got lucky on that one.

CryptoHobo

legendary

Activity: 1050

Merit: 1000

Quote from: ltcnim on May 31, 2014, 09:29:44 AM

Quote from: ltcnim on May 31, 2014, 07:15:55 AM

ok, just one more question regarding burning. I have burned 15 coins so far which results in a slow chance of finding a PoB block. But, is every miner pointed to my wallet able to find this block? Or does the wallet itself try to find that PoB block? Sorry if that's a dumb question, I just don't get that yet ^^

also, can someone maybe link me a picture of a wallet with a PoB block found? is the icon different from a regular PoW block?

The icons different it has a flame. I'll post an image when i get home from work if you like? Afaik only the wallet mines pob not other miners pointed at it these should be mining pow

Also noticed from burninfo each burn transaction gives u a hash so if u send 15 in one go you get one hash that decays if u send 3 then 4 then 8 u'd have 3 hashes that decay. Presuming this means higher chance with one hash but more chances with 3 like having 1 awesome rig v 3 ok ones. Correct me if im wrong its just how i see it

ALTCOIN_N

full member

Activity: 126

Merit: 100

Quote from: JohnDorien on May 31, 2014, 10:25:12 AM

I don't understand how you have an advantage in PoB when the burning is basically same as a period hardware contract.

Does a wallet with more burned coins have more "PoB" hashrate, so more decayed coins per block? Or just longer "participation" in PoB generation?

Anyways, great new thing to the cryptoworld!

If you have more PoB, you will have more chance finding PoB blocks ( it is similar with hardware contract that you mention)

If you have more PoB coins in a wallet, it will have more decayed coins per block (decay rate is set per coin).

JohnDorien

sr. member

Activity: 462

Merit: 250

I don't understand how you have an advantage in PoB when the burning is basically same as a period hardware contract.

Does a wallet with more burned coins have more "PoB" hashrate, so more decayed coins per block? Or just longer "participation" in PoB generation?

Anyways, great new thing to the cryptoworld!

ShiThing

member

Activity: 60

Merit: 10

Listed in bter.com now?
amazing.

antonio8

legendary

Activity: 1400

Merit: 1000

Quote from: primer- on May 31, 2014, 09:35:28 AM

Quote from: antonio8 on May 31, 2014, 09:26:48 AM

Quote from: chiguireitor on May 31, 2014, 09:17:43 AM

THERE'S NO BURNED OR [NOT|UN]BURNED COINS

Slimcoin is only ONE coin. You burn coins to mine more coins, not to create another type of coin.
Burnt coins are gone forever. Stat!
Stop confusing shit! You can mine coins with either PoW or PoB... with PoW you spend electricity to find coins. With PoB you spend coins to find coins. Plain simple.

Let me rephrase my question.

I have coins in my Balance (I have not tried to burn). Can I sell these on the exchange in its current form?

You need to cook it first, cant serve raw coins

Thanks primer.

I was hoping that was not the case but didn't want to risk losing coins in a transfer to an exchange.

bitspender

hero member

Activity: 658

Merit: 500

WARNING: Checpoint is too old problem here.. Nodes are added to slimcoin.conf?

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: ahilees palu son on May 31, 2014, 09:42:03 AM

This coin is so popular, will be next DRk?

Popular ? Better call it HOT!

ahilees palu son

member

Activity: 114

Merit: 10

This coin is so popular, will be next DRk?

reflector

sr. member

Activity: 826

Merit: 263

Quote from: antonio8 on May 31, 2014, 09:26:48 AM

Quote from: chiguireitor on May 31, 2014, 09:17:43 AM

THERE'S NO BURNED OR [NOT|UN]BURNED COINS

Slimcoin is only ONE coin. You burn coins to mine more coins, not to create another type of coin.
Burnt coins are gone forever. Stat!
Stop confusing shit! You can mine coins with either PoW or PoB... with PoW you spend electricity to find coins. With PoB you spend coins to find coins. Plain simple.

Let me rephrase my question.

I have coins in my Balance (I have not tried to burn). Can I sell these on the exchange in its current form?

Yes.

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: antonio8 on May 31, 2014, 09:26:48 AM

Quote from: chiguireitor on May 31, 2014, 09:17:43 AM

THERE'S NO BURNED OR [NOT|UN]BURNED COINS

Slimcoin is only ONE coin. You burn coins to mine more coins, not to create another type of coin.
Burnt coins are gone forever. Stat!
Stop confusing shit! You can mine coins with either PoW or PoB... with PoW you spend electricity to find coins. With PoB you spend coins to find coins. Plain simple.

Let me rephrase my question.

I have coins in my Balance (I have not tried to burn). Can I sell these on the exchange in its current form?

You need to cook it first, cant serve raw coins

ltcnim

legendary

Activity: 914

Merit: 1001

Quote from: ltcnim on May 31, 2014, 07:15:55 AM

ok, just one more question regarding burning. I have burned 15 coins so far which results in a slow chance of finding a PoB block. But, is every miner pointed to my wallet able to find this block? Or does the wallet itself try to find that PoB block? Sorry if that's a dumb question, I just don't get that yet ^^

also, can someone maybe link me a picture of a wallet with a PoB block found? is the icon different from a regular PoW block?

antonio8

legendary

Activity: 1400

Merit: 1000

Quote from: chiguireitor on May 31, 2014, 09:17:43 AM

THERE'S NO BURNED OR [NOT|UN]BURNED COINS

Slimcoin is only ONE coin. You burn coins to mine more coins, not to create another type of coin.
Burnt coins are gone forever. Stat!
Stop confusing shit! You can mine coins with either PoW or PoB... with PoW you spend electricity to find coins. With PoB you spend coins to find coins. Plain simple.

Let me rephrase my question.

I have coins in my Balance (I have not tried to burn). Can I sell these on the exchange in its current form?

chiguireitor

legendary

Activity: 872

Merit: 1010

Coins, Games & Miners

THERE'S NO BURNED OR [NOT|UN]BURNED COINS

Slimcoin is only ONE coin. You burn coins to mine more coins, not to create another type of coin.
Burnt coins are gone forever. Stat!
Stop confusing shit! You can mine coins with either PoW or PoB... with PoW you spend electricity to find coins. With PoB you spend coins to find coins. Plain simple.

antonio8

legendary

Activity: 1400

Merit: 1000

So can you only sell Burned coins or can I sell my Unburned coins on the exchange?

sandor111

hero member

Activity: 616

Merit: 500

Quote from: ByronP on May 31, 2014, 08:45:11 AM

please upgrade the wallet from the old peercoin src

+1

CogPrimus

newbie

Activity: 11

Merit: 0

Quote from: ByronP on May 31, 2014, 08:45:11 AM

please upgrade the wallet from the old peercoin src or at least add walletnotify

i found slightly whitespace damaged patch for that
https://gist.github.com/anonymous/0a11de38f25234d3af75

ByronP

hero member

Activity: 599

Merit: 510

please upgrade the wallet from the old peercoin src or at least add walletnotify

tiger5056

hero member

Activity: 686

Merit: 500

very interesting!
keep mining and then burn. Cryptocoin mining is gambling. take chance. Roll Eyes

Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 172. (Read 284956 times)