[ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 193.

primer-

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Activity: 1092

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Quote from: BitcoinFX on May 29, 2014, 06:19:59 AM

Quote from: primer- on May 29, 2014, 06:13:22 AM

Someone explain this error :
"errors" : "Info: Minting suspended due to locked wallet.",

This is related to PoS minting, only if you have encrypted your wallet (I'm currently unsure if this will effect PoB minting)

To 'unlock' your wallet for PoS minting goto debug and type:

walletpassphrase 'YourWalletPassPhrase' 99999999 true

yourwalletpassphrase = your encrypted pass phrase and 99999999 is just the duration for unlocking the wallet.

Yes i know how to unlock, i am not sure its for PoS only, maybe related to PoB as well.

Djinou94

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Activity: 1036

Merit: 1000

"blocks" : 578,
"currentblocksize" : 1391,
"currentblocktx" : 2,
"difficulty" : 0.02142790,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 1471,
"networkghps" : 0.00107014,
"pooledtx" : 2,
"testnet" : false
}

is that mean i found 2 block? where is the coin?

BitcoinFX

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Activity: 2646

Merit: 1722

https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Quote from: primer- on May 29, 2014, 06:13:22 AM

Someone explain this error :
"errors" : "Info: Minting suspended due to locked wallet.",

This is related to PoS minting, only if you have encrypted your wallet (I'm currently unsure if this will effect PoB minting)

To 'unlock' your wallet for PoS minting goto debug and type:

walletpassphrase 'YourWalletPassPhrase' 99999999 true

yourwalletpassphrase = your encrypted pass phrase and 99999999 is just the duration for unlocking the wallet.

primer-

legendary

Activity: 1092

Merit: 1000

Someone explain this error :
"errors" : "Info: Minting suspended due to locked wallet.",

16888253

full member

Activity: 224

Merit: 100

Quote from: prix on May 29, 2014, 05:50:44 AM

Quote from: primer- on May 29, 2014, 05:48:31 AM

I'm just worried about this :
Proof-of-Burn blocks: max 250 coins
Proof-of-Work blocks: max 50 coins
Block rewards decrease in value as the difficulty increases

Shouldnt we burn now instead of later when everyone burns ?

I think we should burn now, but I absolutely do not understand how it works Grin

me too....My english is poor..

prix

hero member

Activity: 750

Merit: 511

Quote from: primer- on May 29, 2014, 05:48:31 AM

I'm just worried about this :
Proof-of-Burn blocks: max 250 coins
Proof-of-Work blocks: max 50 coins
Block rewards decrease in value as the difficulty increases

Shouldnt we burn now instead of later when everyone burns ?

I think we should burn now, but I absolutely do not understand how it works Grin

primer-

legendary

Activity: 1092

Merit: 1000

I'm just worried about this :
Proof-of-Burn blocks: max 250 coins
Proof-of-Work blocks: max 50 coins
Block rewards decrease in value as the difficulty increases

Shouldnt we burn now instead of later when everyone burns ?

prix

hero member

Activity: 750

Merit: 511

Quote from: go6ooo1212 on May 29, 2014, 05:45:08 AM

IS there a pool mining the coin in PoW stake , or only solo mining ?

Solo mining only.

go6ooo1212

legendary

Activity: 1512

Merit: 1000

quarkchain.io

IS there a pool mining the coin in PoW stake , or only solo mining ?

prix

hero member

Activity: 750

Merit: 511

Though it seems I'm wrong

Code:

"blocks" : 552,
"moneysupply" : 11250.74000000,

"blocks" : 554,
"moneysupply" : 11361.89000000,

Anyway POB blocks are rare.

Quote from: primer- on May 29, 2014, 05:39:48 AM

Dev should explain better how this all works

Undoubtedly.

primer-

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Activity: 1092

Merit: 1000

Quote from: prix on May 29, 2014, 05:38:09 AM

I think (based on the money supply) that only one in ten block is POB (530, 540, 550, ...).
I checked from 528 to 550 block.

Ok, i just created a new wallet to transfer my coins to an encrypted wallet, i transfered 1 SLM and now i see a Mint by burn 31.56SLM in the transactions tab.

Dev should explain better how this all works

prix

hero member

Activity: 750

Merit: 511

I think (based on the money supply) that only one in ten block is POB (530, 540, 550, ...).
I checked from 528 to 550 block.

primer-

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Activity: 1092

Merit: 1000

Quote from: Givatoshi_Moremoto on May 29, 2014, 05:24:24 AM

i'm just gonna burn thru my first block of 36 coins and see what happens. if I don't get any back, then I'm out.

too much of gambling like mechanism. If I wanna gamble with my coin, I can just go to dice games. instead of sitting here watching the burn coins confirm for 10 minutes at a time

Did you get anything ?

Givatoshi_Moremoto

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Activity: 154

Merit: 100

i'm just gonna burn thru my first block of 36 coins and see what happens. if I don't get any back, then I'm out.

too much of gambling like mechanism. If I wanna gamble with my coin, I can just go to dice games. instead of sitting here watching the burn coins confirm for 10 minutes at a time

primer-

legendary

Activity: 1092

Merit: 1000

Still not sure if one SLM should be burnt at a time or if more is fine. 6 burnt - 0 reward

Also not sure if better to burn now while 'burn diff' is low or that makes no difference ? I think no difference hence the raspery pi comparison in first post

prix

hero member

Activity: 750

Merit: 511

From 538 to 540 (2 blocks): + 170 SLC, one of this blocks is POB

Givatoshi_Moremoto

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Activity: 154

Merit: 100

bit confusing..

it was good concept tho, hope it was easier.

I was thinking, this might be better way to implement same concept.
you burn coins, which goes into pob hashing. say there are 100 coins burned in total over time.
and you have 10 burn coins. you get 10% of each and every pob block.
as people burn more coins, your % gets reduced, you invest more by burning more. you keep getting whatever your % is. the total burnt coins keeps getting larger and larger, further reducing the total available coins. price goes up. you get return for whatever coins you invested. everyone is happy

primer-

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Activity: 1092

Merit: 1000

Quote from: prix on May 29, 2014, 05:14:47 AM

Quote from: Givatoshi_Moremoto on May 29, 2014, 05:12:12 AM

I understand that pob block must be followed by pow block.

I just did my first burn for 3 slm. lets see what happens.

From 531 to 536 money supply increased only on 75 SLC.
So, probably not.

Wow, such luck. i dont get it, at 250 mil cap this does not look right.

prix

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Activity: 750

Merit: 511

Quote from: Givatoshi_Moremoto on May 29, 2014, 05:12:12 AM

I understand that pob block must be followed by pow block.

I just did my first burn for 3 slm. lets see what happens.

From 531 to 536 money supply increased only on 75 SLC.
So, probably not.

primer-

legendary

Activity: 1092

Merit: 1000

i burned 6, got nothing.

Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 193. (Read 284956 times)