Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 175. (Read 284956 times)

Was away for some time, nice to see the coin already added to exchanges.

Reading few pages back, the best strategy seems, to buy some and hodl, rather then trying to burn and loose them?

Each SLIM is a seed to a money tree

New executables are up!

I forgot to strip the executable.

Burn all of them!!!

strip it

Oh my.. what happened to slimcoind.exe there? Went from 5.4MB to 40MB 

I'm doing it from source on ubuntu. 

There is no need to delete any files, just update your wallet executable and run it.

You live only once.

Hum i do not undestand but i will try to burn 1 coin to see what happen  

But if i burned my coins i will lost them so is it not better to keep them and not burn? 

If I were to delete everything in my wallet except for wallet.dat and slimcoin.conf in order to install the new daemon, would I lose my unconfirmed coins?

Before, but could be produced from a different burnt coin.

You can buy a coin on an exchange and burn it. Once it has been burnt you can start PoB mining with it, but that 1 coin you burnt is destroyed.

What is the difference between the coins we find on the blocks and the coins once burned?

When i buy 1 SLM on the exchange is it a coin after burned or before?  

Anything else fixed other than the failure while loading ?

Slimcoin client fixed for failure while loading the blkindex.dat file.

Update your wallets

Binaries are available here: https://github.com/slimcoin/slicmoin-executable
Source is available here: https://github.com/slimcoin/slimcoin

My probability of finding PoB with 50 burnt coins are about 0.25%, which is 1 out of 400, and the % is getting smaller very quickly. It was at one point 1.47%, but I couldn't increase my PoB investment because I couldn't get more coins to invest. By the time my PoB blocks matured, which took 12 hrs, total burnt coins went from 3000 to 20000. even if I invest all of my PoB coins, I won't be able to compete with bigger farmers who have invested more in PoB earlier.

its not a discussion of patience. I'm talking about the fundamental flaw here.
if the PoB was distributed by %, it would be like pool mining, where you get your small share.
but PoB in itself is like solo mining, where big farmers are getting the whole block.
so If you found early blocks and invested most of your coins to PoB, you can maintain your monopoly because you'll be getting majority of PoB blocks. small miner have no chance of increasing your chance of finding PoB blocks since you won't be able to get more coins to invest more.

I doubt any small farmers are going spent 1-10 btc and burn them all just so you can have higher chance of finding PoB blocks. The monopoly will be maintained by the bigger farmers by investing big % of their PoB reward constantly until it will cost so much money to overcome it.

Edit: Even if you're willing to invest your BTC to burn, majority of supply will be controlled by the big PoB share holders and they won't let go of their monopoly for few BTCs, currently if you buy all of the SLM in market, and burn them all, you could only increase your chance by 2%. This looks like a carefully orchestrated monopoly by design.
whoever gains control of it in first 24 hours, will maintain their control forever.

needless to say, I will mine when there is a pool, but I won't be burning anymore.

Somebody call the ghostbusters.  Slimecoin about to go insane.

1 SLIME = .1 BTC by Sunday