Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 186. (Read 284956 times)
May 29, 2014, 01:09:05 PM
May 29, 2014, 01:08:27 PM
how to do check for total burnt coins?
after getting my return and clearer explanation on how pob works
I decided to burn all of my 2 mined blocks that matured.
which is 51.59 coins.
I'm trying to calculate probability of hitting pob blocks with my investment
after getting my return and clearer explanation on how pob works
I decided to burn all of my 2 mined blocks that matured.
which is 51.59 coins.
I'm trying to calculate probability of hitting pob blocks with my investment
May 29, 2014, 12:58:41 PM
Is there any external miner that works with this coin? Mining with the wallet is annoying like hell for me...
https://github.com/slimcoin/slimminer
May 29, 2014, 12:56:45 PM
Quote
Dev, if I burn some coins (17 SLC as example) they will participate in the generation of POB block until they decay?
Coins decay steadily, halving in effectiveness every ~1 year. Here is the exact formula from the source code comments:Code:
/*slimcoin: a burn hash is calculated by:
* hash = (c / b) * 2 ** ((nPoWBlocks - M) / E) * [Hash]
*
* Where: c = BURN_CONSTANT
* b = amount of coins burned
* nPoWBlocks = the number of proof of work blocks between (not including)
* the blocks with heights last_BlkNHeight and burned_BlkNHeight
* where
* last_BlkNHeight = the height of the last block in the chain
* burned_BlkNHeight = the height of the block at the time of the burning
* M = BURN_MIN_CONFIRMS (6), the required amount of proof of work blocks between (not including)
* the block at the time of burning and the last block in the chain
* The offset by M allows for the first burn block the burnt coins
* can hash to be at 100% strength and decay from there, instead of having
* the coins slightly decayed from the beginning
* E = BURN_HASH_DOUBLE (350000.0), an exponential constant which causes
* burnt coins to produce slightly larger hashes as time passes
*
* [Hash] = Hash(burntBlockHash ++ burnWTx.GetHash() ++ hashBestBlock)
* Where: burntBlockHash = the hash of the block the transaction is found ing
* burnTx.GetHash() = the hash of this transaction
* hashBestBlock = the hash of the best proof-of-work block in the chain at the time of hashing
*/
Quote
If I send to burn 17 SLC now and network state will not change (difficulty, burn coins count, etc) how many POB blocks I find this month, a year?
A PoB block is found every 1-3 PoW blocks, (every 90-270 seconds). Currently there are 3130 burnt coins, burning 17 coins means that out of every 200 PoB blocks, about 1 will be yours. It would take about (at the absolute worst of 270 seconds between PoB blocks) 15 hours for you to get 1 PoB block. That number may vary as the difficulty may go up, or you get lucky and hit 2 PoB blocks in that time. 
May 29, 2014, 12:41:34 PM
Dev, if I burn some coins (17 SLC as example) they will participate in the generation of POB block until they decay?
How long? How can i calculate this? What is the rate of decay?
If I send to burn 17 SLC now and network state will not change (difficulty, burn coins count, etc) how many POB blocks I find this month, a year?
I can calculate my profitability for POW mining, but in the case of POB is a lottery for me.
It would be great to see a detailed example with formulas.
How long? How can i calculate this? What is the rate of decay?
If I send to burn 17 SLC now and network state will not change (difficulty, burn coins count, etc) how many POB blocks I find this month, a year?
I can calculate my profitability for POW mining, but in the case of POB is a lottery for me.
It would be great to see a detailed example with formulas.
Good luck getting an answer...
May 29, 2014, 12:40:47 PM
Dev, if I burn some coins (17 SLC as example) they will participate in the generation of POB block until they decay?
How long? How can i calculate this? What is the rate of decay?
If I send to burn 17 SLC now and network state will not change (difficulty, burn coins count, etc) how many POB blocks I find this month, a year?
I can calculate my profitability for POW mining, but in the case of POB is a lottery for me.
It would be great to see a detailed example with formulas.
How long? How can i calculate this? What is the rate of decay?
If I send to burn 17 SLC now and network state will not change (difficulty, burn coins count, etc) how many POB blocks I find this month, a year?
I can calculate my profitability for POW mining, but in the case of POB is a lottery for me.
It would be great to see a detailed example with formulas.
May 29, 2014, 12:38:05 PM
Is there any external miner that works with this coin? Mining with the wallet is annoying like hell for me...
May 29, 2014, 12:35:45 PM
ok I did 3 burns before I went to sleep
3 slm
3 slm
6 slm
after burning I waited for 6 burn confirms, looked like I wasted my coins and went to sleep
I woke up just now, and I found 2 transactions of
80.32 and 64.62
so I'm guessing those 2 are POB transactions.
what I don't understand is when does the burn transaction come in? I thought it was immediately after the POW block? which meant I waited to to see that since I waited until burn was confirmed 6 times.
does effective burnt coins and decayed burnt coins have something to do with that?
effective burnt coins meaning its hash is still effective in finding POB block? decayed meaning it is spent?
3 slm
3 slm
6 slm
after burning I waited for 6 burn confirms, looked like I wasted my coins and went to sleep
I woke up just now, and I found 2 transactions of
80.32 and 64.62
so I'm guessing those 2 are POB transactions.
what I don't understand is when does the burn transaction come in? I thought it was immediately after the POW block? which meant I waited to to see that since I waited until burn was confirmed 6 times.
does effective burnt coins and decayed burnt coins have something to do with that?
effective burnt coins meaning its hash is still effective in finding POB block? decayed meaning it is spent?
May 29, 2014, 12:33:30 PM
how much khash do you guys get? I got an old Core i5 750 and I have 4 x 0.45khash. Is that even worth mining? ^^
That's what I have been running (same hash rate) since block ~170 and have not found any blocks in about 15+ hours. May 29, 2014, 12:31:08 PM
Quote
ERROR: ProcessBlock() : duplicate proof-of-burn
That is normal. What it means is that the incoming proof-of-burn block has already been seen and catches it early and denies it. It is used to prevent DoS attacks.
May 29, 2014, 12:27:46 PM
Quote
IF YOU BURN 10 COINS AT BLOCK 777, YOU CAN ONLY GET A POB REWARD FOR THAT ONE BLOCK. BLOCK 778 AND NO POB REWARD ? BURNT COINS GONE FOREVER.
Not at all, if you burn coins, you will be able to mine with them as long as your computer is on.
Still not had chance to check the code. However, this would seem to indicate that spent PoB coins (i.e. all burnt coins) do carry 'weight'.
Yes or No ?
EDIT: I presume 'Effective Burnt Coins' vs 'Decayed Burnt Coins' - otherwise that would be pointless.
From the whitepaper...
" Burn Hash = multiplier * [Internal Hash] "
and
" Proof-of-Burn Block Generation Specifics ...
Like proof-of-stake block generation, the hashing operation occurs of over a select search space (one hash per burn
transaction per proof-of-work block). The hardware required to maintain that hash operation is minimal, thus the energy
consumption and hardware maintenance can be considered to be near none. The block generation of proof-of-burn scales
linearly, meaning if 200 coins were burned and subsequently generated 10 proof-of-burn blocks over the course of 1 day, it
can be expected that if 40 coins were to be burned, 2 proof-of-burn blocks would be generated over the course of that same
day, assuming the effective burnt coins in the network remained constant. ... "
So, all is well.
No, i dont get the Proof-of-Burn Block Generation Specifics. It does not touch on anything other than the fact that proof-of-burn scales linearly.
May 29, 2014, 12:16:26 PM
I have very often this message in log file:
ERROR: ProcessBlock() : duplicate proof-of-burn
Is it a problem or the normal functioning status ?
ERROR: ProcessBlock() : duplicate proof-of-burn
Is it a problem or the normal functioning status ?
FWIW, I'm seeing those error messages too.
Cheers,
Graham
May 29, 2014, 12:15:18 PM
will someone tell me how to mine pow portion
you have to turn on the setgenerate option on you wallet
May 29, 2014, 12:12:50 PM
will someone tell me how to mine pow portion
May 29, 2014, 12:10:54 PM
Quote
IF YOU BURN 10 COINS AT BLOCK 777, YOU CAN ONLY GET A POB REWARD FOR THAT ONE BLOCK. BLOCK 778 AND NO POB REWARD ? BURNT COINS GONE FOREVER.
Not at all, if you burn coins, you will be able to mine with them as long as your computer is on.
Still not had chance to check the code. However, this would seem to indicate that spent PoB coins (i.e. all burnt coins) do carry 'weight'.
Yes or No ?
EDIT: I presume 'Effective Burnt Coins' vs 'Decayed Burnt Coins' - otherwise that would be pointless.
From the whitepaper...
" Burn Hash = multiplier * [Internal Hash] "
and
" Proof-of-Burn Block Generation Specifics ...
Like proof-of-stake block generation, the hashing operation occurs of over a select search space (one hash per burn
transaction per proof-of-work block). The hardware required to maintain that hash operation is minimal, thus the energy
consumption and hardware maintenance can be considered to be near none. The block generation of proof-of-burn scales
linearly, meaning if 200 coins were burned and subsequently generated 10 proof-of-burn blocks over the course of 1 day, it
can be expected that if 40 coins were to be burned, 2 proof-of-burn blocks would be generated over the course of that same
day, assuming the effective burnt coins in the network remained constant. ... "
So, all is well.
May 29, 2014, 12:04:04 PM
I have very often this message in log file:
ERROR: ProcessBlock() : duplicate proof-of-burn
Is it a problem or the normal functioning status ?
ERROR: ProcessBlock() : duplicate proof-of-burn
Is it a problem or the normal functioning status ?
May 29, 2014, 12:00:20 PM
how much khash do you guys get? I got an old Core i5 750 and I have 4 x 0.45khash. Is that even worth minging? ^^
Seems enough, but It will take long. With a certain amount of luck 1day for 1block.....
May 29, 2014, 11:56:12 AM
how much khash do you guys get? I got an old Core i5 750 and I have 4 x 0.45khash. Is that even worth mining? ^^
May 29, 2014, 11:47:01 AM
Now it is OK,thx, it connected and synced,
Can anyone send coin so I can burn
SPyAGVG59oJJVHBgkB5gfnwT3p8ENudFCq
how did you acquire first coins?
Can anyone send coin so I can burn
SPyAGVG59oJJVHBgkB5gfnwT3p8ENudFCq
how did you acquire first coins?
CPU Mining
May 29, 2014, 11:42:38 AM
I made conf file and started wallet, got:
WARNING: checkpoint is to old
Anyone else have this warning?
WARNING: checkpoint is to old
Anyone else have this warning?
Have you put the seeds node into it ?
addnode=76.127.202.17
addnode=96.237.174.192
is there new?
Additional addnode's:
Code:
addnode=107.181.250.216
addnode=107.181.250.217
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