Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 53. (Read 284975 times)

+1

   POS as it is developed is wrong, so I would love as well to see POS stopped .

Make them more difficult to find or maybe even remove PoS so you can take a fork of bitcoin and implement dcrypt + burning on the new fork.

I wouldnt eliminate PoS completely, if nothing else it will help promote Slim as a coin with a trinity of ways to mine/mint.

PoB should always be the star of the show because of its perks over older Proofs-of-X. It brings mining to a whole new level by completely skipping the part where one gets shafted by pre-ordering a "fully QC tested" rig 

Investment ---> Return, nothing in between

LOL I understood it the first time, but keep repeating  over & over if it makes you feel better (:

Let me ELI5 for you as you are still clueless :
Proposed PoS fix will increase PoW/PoB blocks. Miners like I will mine 3 - 5 times more every day compared to todays rate. Thats PER block type!
I average around 10 PoB blocks /day. I will average 30 after the fix.
I average around 500SLM via PoW /day. I will average 1500SLM after the fix.

You get it now retard ?

 

I haven't made anything because I've chosen not to sell, I'm in for the long haul (:

You dont get it, do you ? If you eliminate PoS completely it will lead to even more PoB/PoW blocks...

No it isn't still decided yet. We will vote for complete turn off PoS because it won't bring anything. PoB is more than enough.

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

2.5k, but i will dump 20k more if someone puts up a 0.00020000 buy order 

LOL primer- just dumped his 10000 SLM on Bter 

LOL who mines doge anymore? You must be even more retarded then I could have ever anticipated...

Go mine doge, retard.

LOL why do i have a feeling its your node that charges 40 slm to send to BTER?

Great, encourage everyone to dump into your buy support so you can rape even more coins.

Youre the biggest POS Ive ever seen, & i dont mean Proof of Stake.

Conclusion : Dump now as there will be 3 to 5 times more coins minted daily when/if the PoS fix is applied. Sad.

Actually I didn't meant for each 1000 block range to mean a day, but its a decent approximation. The timestamps are as follows.

24351  :  2014-06-29 10:32:33 UTC
25351  :  2014-06-30 13:22:53 UTC
26351  :  2014-07-01 12:41:12 UTC
27351  :  2014-07-02 11:39:50 UTC
28351  :  2014-07-03 11:30:02 UTC
29351  :  2014-07-04 11:56:36 UTC
30351  :  2014-07-05 10:33:39 UTC
31351  :  2014-07-06 13:06:41 UTC

(edit: So incorporating the fix will push the PoW block time to about 90 to 100 seconds, and PoB block time to about 3x of that. As of right now at block 32441 it appears to be about 178 seconds estimated, based on difficulty and network hash power.)

Dump fest on BTER, I guess miners did not like my calculation

I am correct to assume that blocks above stand for a 24h timeline ? If so, current average for PoW is 3.5min (30352 31351 [465, 401, 134]). Implementing the PoS fix would increase PoW generation rate by x2 or x3 .
What about PoB ?

EDIT : When taking other days into calculation, we are to expect an increase of x3 - x5 in both PoW and PoB.

If I understand it correctly, increasing the PoS reward this way will make the number of PoS blocks found drop 10-fold, but each reward proportionally rise by 10x. This would not affect PoS reward, but increase coin generation rate.

PoS currently generates way too much dust, and screws up the difficulty adjustment for PoB and its consequent discovery rate, which is your coin's main selling point.

Block Range  [PoS, PoW, PoB]
23352 24351 [466, 394, 140]
24352 25351 [342, 479, 179]
25352 26351 [384, 457, 159]
26352 27351 [693, 222, 85]
27352 28351 [653, 252, 95]
28352 29351 [661, 256, 83]
29352 30351 [693, 232, 75]
30352 31351 [465, 401, 134]

Currently, the PoS generation rate varies from 34.2% to 69.3% of each 1000 blocks. I assume a 10-fold drop should cut it to 3.42%-6.93%; this will likely allow PoW/PoB to dominate and achieve a PoW block rate of ~90-100 seconds.

Also, the average reward for PoS from blocks 30353 to 31352 appears to be 0.07796 per block for the 464 PoS blocks that appear in this range. A 10x reward will bring the average reward to about 0.78 SLM / block, with a PoS block rate of about once every half an hour.

If this is the case, then I think keeping PoS with the 10x reward amendment will allow Slimcoin to maintain its status as the coin with tri-hybrid block and still allow PoB to shine.

(Edit: You could make the changes on the testnet; I'll be happy to contribute say 50 to 100 khash for some testing)