new coins,Visual will fire up, I will always pay close attention to
Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 210. (Read 284958 times)
May 28, 2014, 09:40:07 AM
May 28, 2014, 09:38:23 AM
Very interesting concept, I like it.
May 28, 2014, 09:32:51 AM
I dont understand how to burn coins clearly?
Which coin should i burn?
how to do that?
And if i burn my coins.
Is that mean my coin disappear?
Last question.can i mine it with my PC?
Which coin should i burn?
how to do that?
And if i burn my coins.
Is that mean my coin disappear?
Last question.can i mine it with my PC?
May 28, 2014, 09:29:03 AM
hope this coin will be an innovation
May 28, 2014, 09:13:10 AM
Will you be giving away any coins at launch so people without big mining rigs stand a chance of mining using PoB?
No sense, Dcrypt isn't GPU implemented, so anyone with a CPU would be able to mine Slimcoin for the first days... at least
May 28, 2014, 06:27:20 AM
Will you be giving away any coins at launch so people without big mining rigs stand a chance of mining using PoB?
May 28, 2014, 06:25:24 AM
The release date is on Wednesday, May 28 at 22:00 (10:00pm) UTC
Could i burn at 22:00?? I want to burn!
May 28, 2014, 06:15:59 AM
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. May 28, 2014, 03:50:12 AM
Can't wait to put the RPi on this.
May 28, 2014, 01:17:07 AM
Will Keep my eye on it ..I thinks it is a very interesting coin
May 28, 2014, 12:42:06 AM
Keep an eye on it. I read the white paper, however, still confused by proof of burn,
"The role of burning coins is to be proof when mining by proof-of-burn. The concept simply involves sending coins
to a burn address. A burn address is a special address that is specific and predetermined. No one has ownership of
the burn address, meaning once coins are sent to it, they are forever gone and are considered “burnt”"
Can someone explain why do we burn coins?
Do we sending existing coins in wallet to be burnt (I guess not)?
Why does raspberry pi have advantage over high end cpu or gpu?
thanks in advance
"The role of burning coins is to be proof when mining by proof-of-burn. The concept simply involves sending coins
to a burn address. A burn address is a special address that is specific and predetermined. No one has ownership of
the burn address, meaning once coins are sent to it, they are forever gone and are considered “burnt”"
Can someone explain why do we burn coins?
Do we sending existing coins in wallet to be burnt (I guess not)?
Why does raspberry pi have advantage over high end cpu or gpu?
thanks in advance
May 28, 2014, 12:31:10 AM
note
May 28, 2014, 12:26:16 AM
how to mine? tools?
May 28, 2014, 12:12:29 AM
good idea!
May 27, 2014, 11:58:28 PM
watch it,
seems a new coin.
when will this coin launch?
I want buy some coins~
seems a new coin.
when will this coin launch?
I want buy some coins~
May 27, 2014, 11:40:50 PM
wow,a new type of coin.can I mine it on my android phone?
May 27, 2014, 11:20:54 PM
Cut the coin total to 100 mil, 2bil. is just stupid
2bil, 2 big for nothing. I agree also, 100 Mil or less is ideal.
And make sure to spread it over a 10 year period.
Otherwise get ready for : Launch - pump - dump - pause - pump - dump - pause - pause - pause - pump -dump - dump - dump - dump - dump (too many coins) Look at MYR now, dump fest, innovative coin destroyed by 270 mil MYR in circulation (2 bil total)
Agree with these guys. Dev team should think about it
May 27, 2014, 10:18:12 PM
seriously attention
May 27, 2014, 10:13:25 PM
Good to see innovative
May 27, 2014, 10:06:32 PM
What non-traditional platforms will have binaries on release?
Android, Raspberry PI? It would be cool if even OpenWRT routers could mine it
Android, Raspberry PI? It would be cool if even OpenWRT routers could mine it
VIC-20?
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