Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 188. (Read 284956 times)

Extremely vocal, and zero patience.  Very nice.

Someone just killed 1000 amazon instances. Seems like people are giving up.

On top of that, whoever risks the most on burning has the biggest probability to get the PoB block.
Most of the stuff written in first post is bullshit.

So it's like an extra layer addition to PoW - one of the strategies is that you first mine these coins, then auto-burn them every block, getting a chance to win the PoB block.

Not clear how it supposed to protect against ASIC's and GPU then - whoever does the most on PoW, has the top chance to win PoB as well.

No. Whoever burns the most gets the PoB block. PoW is the same as on other coins.

Dev explain how a pool would help with the PoB situation ? Pool agregates all coins and burns XXX to get a reward of 50-60 ?

So to clarify, it's a pure gambling after all? With pure PoW one has % from total hash-rate chance of winning a block (roughly), while here one has to win the block and risk it all to get the PoB coins?

If yes, then it basically means that OPEX might be never returned - thus no way to predict the ROI.

At the very least its BAD. Dev kept us in the dark, whitepaper in no way explains how PoB works.

That would be nice to see, but don't worry, as long as listtransactions shows something it will work. I have not had this problem before and will try to fix it.

There is no blockchain parser yet for Slimcoin. You can see how many PoB blocks have been found by staring the client up with the -printtoconsole flag or look at the debug file. You should see as the blockchain index is being loaded: num ----------------------------- num num num num num num num From the numbers after the dashes, if the second one is 1, that means the block at the height (the num before the dashes) is a PoB block.

If I have 50 TH/s and you have 1 TH/s I will on average get 50x the reward.  Is that also a broken concept?

Here the transactions

[
{
"account" : "",
"category" : "generate",
"amount" : 17.84000000,
"confirmations" : 575,
"blockhash" : "000000182aea373dd7e7ec4d544db56e345abc0948fcc18f2f98b8a1321ca3e8",
"blockindex" : 0,
"txid" : "4d882345c5f3847a5902f09823aea8914e13ee2bb834df7ff35e34f97938d5e5",
"time" : 1401323913,
"comment" : "",
"message" : "",
"to" : ""
},
{
"account" : "",
"category" : "immature",
"amount" : 17.76000000,
"confirmations" : 381,
"blockhash" : "000000170c059e39b968a373d43bd31e6a0a4f3c852a3f9196945ee280b4b087",
"blockindex" : 0,
"txid" : "b1a38ae25ac7ba64faee4cc660d78ba4701efad3a66171d64a441f232d73d126",
"time" : 1401341992,
"comment" : "",
"message" : "",
"to" : ""
},
{
"account" : "",
"address" : "SfSLMCoinMainNetworkBurnAddr1DeTK5",
"category" : "send",
"amount" : -10.00000000,
"fee" : -0.01000000,
"confirmations" : 44,
"blockhash" : "00000015dbe98da4109c508a90f7a75f4af50957a3813c64e6a90506084fe7b2",
"blockindex" : 2,
"txid" : "19fce4cf7a5e3da3fafce2d6d50e43f49b7739be7de67b5b8168dc87773b6f8e",
"time" : 1401373306
},
{
"account" : "",
"address" : "SfSLMCoinMainNetworkBurnAddr1DeTK5",
"category" : "send",
"amount" : -7.00000000,
"fee" : -0.01000000,
"confirmations" : 29,
"blockhash" : "00000025665c25f761398550a1c6db4ebab75fde1de294ad10c4c921be645d13",
"blockindex" : 1,
"txid" : "c77c9990641db2f1a4df2633f9babc40a24a81034c557acf4d40f0c23d9f55b8",
"time" : 1401375080
},
{
"account" : "",
"category" : "immature",
"amount" : 52.39000000,
"confirmations" : 25,
"blockhash" : "1398ebb0d12aa1c9dab41b3f3439e4a3e9feb3e210a1f931e34601e81e01eaee",
"blockindex" : 0,
"txid" : "97073062741a96bd835d26ae38da6112ae857d0ea6a1ddee153df2412f51d548",
"time" : 1401375311
}
]

Can we look at the blockchain to see how many coins burnt were awarded PoB blocks ?

WTB some coins. Send me PM  

You should, try going to the debug console and type listtransactions. Post the output here.

To quote Yukon Cornelius.  "Nothing"

  I use linux debian and I have compiled myself the wallet from source. When I receive a mined transaction it should appear in the Unconfirmed but the counter is alway 0.0.

  IE:  Actually I have two Unconfirmed transaction 1mined (with 372 confirm so far) and 1minted (burn with 16 confirm so far). I should see something in the unconfirmed balance isn't it ?

And why should we care about this ? they are gone. Just like my 45 coins burned a minute ago. I am not getting them back ever. Who hired you dev, gambling industry ? I'd rather gamble on primedice, better ods.

Correct me if i am wrong but what you wrote above is that coins we burn now actually matter but in one year they will not be worth as much as they ar enow ?

To explain clearly, decayed coins represents the amount of burnt coins that go "innactive" (in a way). There is a factor where if one burns 100 coins, in about 1 years time, those same 100 burnt coins burnt would have the same power as 50 new coins burnt. In another year, they would have the same power as 25 burnt coins, etc. The effectiveness of burnt coins halves about every 1 year. Ex: If 20 coins were burned and it says 1 coins decayed, that means that those 20 coins have the same power as 19 freshly burned coins.