TheMightyX:
PoB depends on how many coins you have burnt. Those coins could be acquired through PoW, other PoB blocks, PoS, etc. It does have the same effect as PoW, those that burned the most coins will be more likely to land a PoB block than those who burned less.
Many aspects of PoB are like PoW's, except that PoB is easier to maintain and does NOT depend on hardware manufacturers, etc.
Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 212. (Read 284958 times)
May 25, 2014, 10:04:23 AM
May 23, 2014, 08:11:32 AM
They are compensated by the proof of burn blocks that are generated as a result of the burning 
May 23, 2014, 08:07:14 AM
Bookmarked. Good luck
May 22, 2014, 09:22:59 PM
ok time to play the devils advocate here:
if the initial distribution is PoW based and all PoB returns depend on how many PoW coins you have. doesnt that lead to the exact same eventuality that those eith the most mining power will get the most coins?
the more coin you burn the more PoB blocks you will get, so by definition more PoW means more PoB.
This is an issue not so easily overcome. Some wouldnt call this an issue at all, but there you have it.
if the initial distribution is PoW based and all PoB returns depend on how many PoW coins you have. doesnt that lead to the exact same eventuality that those eith the most mining power will get the most coins?
the more coin you burn the more PoB blocks you will get, so by definition more PoW means more PoB.
This is an issue not so easily overcome. Some wouldnt call this an issue at all, but there you have it.
May 22, 2014, 01:16:47 AM
White paper reading!!! Good to see some innovation.
what's the innovation?
May 22, 2014, 12:39:19 AM
White paper reading!!! Good to see some innovation.
May 22, 2014, 12:28:20 AM
POB?
Watching.
Watching.
May 22, 2014, 12:12:18 AM
Looks innovate and promising. Watching.
May 21, 2014, 07:31:49 AM
I vote for todays launch!!
May 20, 2014, 01:55:35 PM
botnet fest i guess
I'd say that a botnet fest that puts less load on its slaves is already an improvement
May 20, 2014, 01:48:24 PM
Finally. This sounds great on paper, but I want to see it in action. I'll be watching this. Good luck guys!
May 18, 2014, 11:53:22 PM
Nice! When will more info be available? Hopefully there will be a Nvidia miner & clean unique wallet!
May 18, 2014, 09:43:55 PM
It is possible to determine the possibility of finding a PoB block, given that the network's total burnt coins remains the same as the difficulty is based off of that.
As for how PoB helps this coin, the main purpose behind this was to give people that want to mine but do not have access to fast hardware because of preorders/back orders, etc... Those users would be able to burn some coins and there in a matter of minutes they are up and burn mining. Also, PoB mining involves much less hassles and only requires a computer to run 24/7. The computer does not need to be fast, really any computer would work.
As for how PoB helps this coin, the main purpose behind this was to give people that want to mine but do not have access to fast hardware because of preorders/back orders, etc... Those users would be able to burn some coins and there in a matter of minutes they are up and burn mining. Also, PoB mining involves much less hassles and only requires a computer to run 24/7. The computer does not need to be fast, really any computer would work.
May 18, 2014, 09:00:08 PM
waiting 
May 18, 2014, 08:55:19 PM
WOW. But can the dev elaborate more on how does POB help the coin and what are the other plans for the coin?
May 18, 2014, 08:21:28 PM
How can i determine my chances to generate a POB-block?
For example, i can calculate how much i will generate POW-blocks per day based on the my hashing power and the network difficulty.
For example, i can calculate how much i will generate POW-blocks per day based on the my hashing power and the network difficulty.
May 18, 2014, 06:11:16 PM
bump
May 18, 2014, 03:56:29 PM
relize it pls with compiled Windows miners.
May 18, 2014, 03:48:51 PM
Quote
and what is happening after the generation of a PoB block
After a PoB block is generated, coins get awarded and transactions get 1 more confirmation. Really the same thing happens when a PoW block is found.
May 18, 2014, 03:46:39 PM
Quote
If the chance of hitting a PoB block rises if you have more coins in your wallet, then will the whales with huge amounts of the first coins be likely to get the most PoB blocks too?
Slimcoin does not work like that. The chance of hitting a PoB block rises if you have burned more coins. If this huge whale was to burn all of his coins, then yes, he would be more likely to get PoB blocks. That though requires the whale to burn all of his coins, meaning rendering then in-spendable again.
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