Oh OK, so launch is tomorrow.
Move along people nothing to see tonight.
Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 209. (Read 284958 times)
May 28, 2014, 03:35:05 PM
May 28, 2014, 03:33:46 PM
Subtract an hour from the countdown.
May 28, 2014, 03:32:36 PM
1 hour till launch? Damn, too bad I have exams tomorrow. 
May 28, 2014, 03:31:34 PM
Launch is tonight ?
Yes.The release date is on Wednesday, May 28 at 22:00 (10:00pm) UTC
Countdown:
http://countingdownto.com/countdown/slimcoin-launch-countdown-clock
How accurate is this countdown Dev?
May 28, 2014, 03:30:31 PM
is ~40 minutes the correct launch time?
Thanks to whoever made this countdown timer but. this countdown timer is off by 1 hour, the releases will be in ~40 minutes, not 1hr 40mins.
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Thanks to whoever made this countdown timer but. this countdown timer is off by 1 hour, the releases will be in ~40 minutes, not 1hr 40mins.
May 28, 2014, 03:28:16 PM
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Another question is that will windows based POW miner be released at launch tonight?
There will be a Slimcoin client binaries released for windows. That client does have Dcrypt mining inside of it for solo mining. There will also be an external Dcrypt miner program intended for pooled mining (slimminer CPU), but only source will be released for that.
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Thanks to whoever made this countdown timer but. this countdown timer is off by 1 hour, the releases will be in ~40 minutes, not 1hr 40mins.
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Say I have PoW mined X coins using bot-net, then I started PoB them (on same botnet) - surely the chances of getting good hashes are higher if I distribute it over thousands of nodes?
One burn transaction (a set of burnt coins burned at once) will generate the same burn hash until a new PoW block is found. Spreading this burn hash over many computers is useless as all of the computers will generate an identical hash.
Original wallet will work with the external miner ? Or is it only for pool mining ?
May 28, 2014, 03:21:48 PM
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Another question is that will windows based POW miner be released at launch tonight?
There will be a Slimcoin client binaries released for windows. That client does have Dcrypt mining inside of it for solo mining. There will also be an external Dcrypt miner program intended for pooled mining (slimminer CPU), but only source will be released for that.
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Thanks to whoever made this countdown timer but. this countdown timer is off by 1 hour, the releases will be in ~40 minutes, not 1hr 40mins.
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Say I have PoW mined X coins using bot-net, then I started PoB them (on same botnet) - surely the chances of getting good hashes are higher if I distribute it over thousands of nodes?
One burn transaction (a set of burnt coins burned at once) will generate the same burn hash until a new PoW block is found. Spreading this burn hash over many computers is useless as all of the computers will generate an identical hash.
May 28, 2014, 03:15:44 PM
PoW can still be mined through cloud mining, etc. What is different here is that PoW is given less importance. PoB is given more importance in this coin. PoB is cloud mining/not net mining resistant since it has no use for them and having them offers no benefits.
Can you please clarify this?
Say I have PoW mined X coins using bot-net, then I started PoB them (on same botnet) - surely the chances of getting good hashes are higher if I distribute it over thousands of nodes?
May 28, 2014, 03:13:07 PM
Launch is tonight ?
Yes.The release date is on Wednesday, May 28 at 22:00 (10:00pm) UTC
Countdown:
May 28, 2014, 03:08:34 PM
Launch is tonight ?
May 28, 2014, 03:06:52 PM
The Slimcoin client has all of the mining tools needed for PoB, PoW, and PoS. There will be an external miner for PoW released also that can be used for pool mining, etc.
Burnt coins can be used to generate PoB hashes, which then can be used to mine PoB blocks. PoB hashes are different from PoW hashes and are hashed in a different way/rate. They are hashed at 1 hash for every burn transaction you have made per 90 seconds. That is extremly undemanding, and that is why a super low power computer can handle PoB mining just as well as the fastest computer on this planet. A Raspberry Pi does not have an advantage mining wise, the advantage is indifferent. What makes the low power computers advantageous is that it is low power, easily attainable and maintainable, and cheaper.
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Can someone explain why do we burn coins?
Why does raspberry pi have advantage over high end cpu or gpu?
Why does raspberry pi have advantage over high end cpu or gpu?
Burnt coins can be used to generate PoB hashes, which then can be used to mine PoB blocks. PoB hashes are different from PoW hashes and are hashed in a different way/rate. They are hashed at 1 hash for every burn transaction you have made per 90 seconds. That is extremly undemanding, and that is why a super low power computer can handle PoB mining just as well as the fastest computer on this planet. A Raspberry Pi does not have an advantage mining wise, the advantage is indifferent. What makes the low power computers advantageous is that it is low power, easily attainable and maintainable, and cheaper.
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Do we sending existing coins in wallet to be burnt (I guess not)?
Burning coins basically involves sending existing coins (generated from either PoB, PoW, or PoS) to an address that no one has the private key of, meaning they belong to no one and no one can spend them. Since you sent them to that address, they are destroyed and effectively burnt. Once burnt, you can engage in PoB mining.Thanks, now i understand the basic idea. I guess by doing PoB, we can mine more coins than being burnt.
Another question is that will windows based POW miner be released at launch tonight?
May 28, 2014, 02:57:38 PM
PoW can still be mined through cloud mining, etc. What is different here is that PoW is given less importance. PoB is given more importance in this coin. PoB is cloud mining/not net mining resistant since it has no use for them and having them offers no benefits.
May 28, 2014, 02:45:33 PM
This might have been asked already, but what about bot networks and cloud mining? Is / how this new crypto protects against them?
May 28, 2014, 02:32:16 PM
Yes, it can be related like that.
May 28, 2014, 02:08:29 PM
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And if i burn my coins.
Is that mean my coin disappear?
Is that mean my coin disappear?
Burning coins is like spending money on powerful hardware in PoW. Once you burn them, you no longer have them, but are now able to mine PoB.
we burn them to create new coins, right?
it's really interesting
May 28, 2014, 01:36:44 PM
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Will you be giving away any coins at launch so people without big mining rigs stand a chance of mining using PoB?
No, Slimcoin has no premine and as chiguireitor put it nicely "No sense, Dcrypt isn't GPU implemented, so anyone with a CPU would be able to mine Slimcoin for the first days... at least".
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I dont understand how to burn coins clearly?
Which coin should i burn?
how to do that?
Which coin should i burn?
how to do that?
The Qt has a special tab for burning coins and the daemon has a special command premade exactly for burning coins.
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And if i burn my coins.
Is that mean my coin disappear?
Is that mean my coin disappear?
Burning coins is like spending money on powerful hardware in PoW. Once you burn them, you no longer have them, but are now able to mine PoB.
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Last question.can i mine it with my PC?
Yes, that is the entire principal behind PoB, that any computer can mine competitively without any disadvantages over more powerful computers.
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Will there be compiled binaries for Win32 or source?
There will be binaries for Linux and windows, and the source will also be made public.
May 28, 2014, 10:43:22 AM
Will there be compiled binaries for Win32 or source?
I hope there's going to be a 32bit version also, I have a few crap computers I can turn on (:
May 28, 2014, 10:25:01 AM
Will there be compiled binaries for Win32 or source?
May 28, 2014, 10:19:57 AM
Please update with pools, miners & wallets ASAP! (:
May 28, 2014, 09:43:22 AM
how to mine this new algorithm coin？？ is there some new tool
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