Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 50. (Read 284959 times)

To quote myself (and leaving that big picture out)...

i know why it was slow.. i was having all JSON set to log into the console window, lol

Now it parse ~20 blocks per second into the database, while mining slimcoin...

Could I have more feedback regarding having a switch to enable/disable PoS minting on the client. See my long post 1 page back for details.

appears to be listed as PoB on the main page (the list of blocks) - probably just a glitch
( still needs fixing, of course )

That block is listed as PoW?

great

but it's doesn't allow address searching yet.. and missing a richlist for some people

and is buggy with PoB amount, says 7.74 on a PoB block which must be a PoW block

http://www.blockexperts.com/slm/height/35610

me too!is this a bug?

VERY GOOD FOR UPDATE THE TOPIC.

Very nice!  Glad they got it up and running after the changes

I pushed a new non-mandatory update that includes the signrawtransaction and sendrawtransaction rpc commands.

Slimcoin now has a blockchain explorer at http://www.blockexperts.com/slm!

My coins are in my wallet since 1 week and 4 days ago... and still no stake... how to fix this?

the difficulty has been this high before due to PoS blocks. but the network hash rate of 9mh seems to be a all-time high.

"difficulty" : 0.36893898,

Some people use the GPU SOLO?

slimcoinpool.com=634.349 KH/s
slm.blockquarry.com=155.825 KH/s

How will such a high difficulty？？

thanks for the changes, it looks substantial!

perhaps there's no need for a new enable-pos-minting flag, but just make it reservebalance true largenum by default? user can then unset reservebalance after they've consolidated their txns.

would also like to re-iterate request for implementation for signrawtransaction / sendrawtransaction eventually on your timeline. this would help make it easier to develop services for the slimcoin ecosystem.

recently i was thinking that slimcoin's nature of discouraging heavy mining in the long run may also make the coin succumb more easily to 51% double-spend attacks. since PoB blocks can only tack on to an existing PoW block, PoB cannot itself form an alternate correct chain. a legitimate PoS and PoW/PoB combined chain however would likely orphan the malicious chain.

PoS would thus still be an integral part of maintaining the blockchain integrity and not just an optional/extra sideshow? Not sure if my understanding of the matter is right.

I just finished implementing the bigger updates for PoB and PoS, etc.

I still want to test the changes, so I will not release them yet.

Here are the changes:

PoB difficulty is now target based and targets to be found 1 every 3 PoW blocks.
PoS difficulty base was increased to that of Novacoins'.
PoS reward was increase to 10% to compensate for the increased difficulty and make it worth minting (because with 1%, the reward is dust)

PoW, PoB, PoS block "trust" values were adapted to that of Novacoins'.
   Previously, PoW and PoB blocks had a trust value of only 1 while PoS trust values were much larger. Now, all block types have a better calculated trust value.

Client starts up much faster. That was possible by modifing the blkindex.dat file structure. That means that when you update, you will have to delete the blkindex.dat and blk0001.dat files and re-download the entire block chain again.

More rpc commands added: getrawtransaction, getpeerinfo, listburnminted.

I have not yet fixed the PoS 100% CPU usage that some may have experienced. It seems to be an issue in the basis of PoS and not Slimcoin's additions. What I could do to "patch" this issue is disable PoS minting from startup and make the user add an option like -enable-pos-minting (or something) to make the client do PoS minting. The benefits of that are that staked coins will accumulate age and then, manually, the user could restart the client with that option. Since the coins have aged a lot, they will find the PoS blocks quickly, and then the user could restart the wallet w/o that option again. I want to reiterate that the main idea and innovation of Slimcoin was Proof of Burn. Proof of Stake should be considered an optional/extra part of Slimcoin.

One way that PoS issue can be resolved is by sending one big transaction with all of your coins to yourself, another address you own. That will destroy all of the coin age of those coins, but that will not take up any CPU since (as can be read from some posts above), the client will only have to split one tx into two and not hundreds of small txs into even smaller ones.

Small Note: The changes listed above to Pow, PoB, PoS will take place after a specific timestamp, so updating the wallet will be required within a certain time frame.

Cheap Slimcoins to buy at bter . Even with 0.1 BTC you will get a lot of Slim.

Can someone send some SLM to my address below I am interested in how the proof of burn functions in practice and am considering investing in some if it works properly.

5 posts up. 5 posts. 5.

No executable?