Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 59. (Read 284959 times)

price is so low ,o 

Both great ideas

I would like to see more, but smaller PoB blocks, also to give a higher chance for people who burned less coins to find a PoB block. Meaning the PoB difficulty should be less, but also the reward given by it, so there won't be more coins by burning. New investors should be able to join the burning party without having to buy 1000+ SLIM

Another suggestion: Make the burned coins decay speed adjustable, from a weight on 1 to 5 or so. If a 'burner' choose to burn higher then increase the decay speed, but also his "power" to find a PoB block.

We aren't too far away from that, there seems to be some solomining action going on.

Oooh my...

This isn't happening.... no please not....

I concur with primer-

 

Block reward, as it is curently, rewards loyal miners and PoBers.... Don't fuck with it slim plz

Great post and calculation primer-.
Right now SLM's profit is lower than Cryptonote coins given current diff and price, but I think some big miners still got PoB blocks and PoS blocks beside the PoW block, so the profit is consider on the same level with cryptonote coins. So dumping is obvious.

I want to see 7SLM PoW reward

Looks like we have hit an all time high for PoW difficulty, 0.29.

I'm just a lurking miner, generally don't like to post. Though admittedly a little more frustrated recently with the ups and downs of difficulty.

As I understand it from a couple of pages back, PoW is linked to block generation rate. Since PoS block generation was a rather recent phenomena (height >16000), thought it might be interesting to have a community discussion.

No, not going to happen! Anything that alters the coin supply will not be accepted by the majority. Who are you anyway, i've never seen you post here ?
EDIT : PoW difficulty is not jumping due to PoS...

EDIT2 : Ahh you are proposing a 10x increase in PoS blocks .. Maybe .. Too much in my opinion.

+1

a rough overview of the blocks generated. don't count on it for accuracy.

there just seem to be too many proof-of-stake blocks generating dust-like amounts of slm. which would be fine if it doesn't throw the proof-of-work difficulty completely out of whack - the POW difficulty jumps about not because of hash rate but because of POS crazy jumpy variations.

perhaps increase the POS difficulty and raise the block reward correspondingly by say, 10x? will allow POW and POB to be less affected by the vagaries of POS and more linked to the hashpower thrown at the network, while not taking away the POS interest aspect.

I support the POB update; burnt coins without a client running currently just hampers the rest of the network from generating POBs.



Block range [POS, POW, POB]

17290 17589 [227, 56, 17]
17590 17889 [230, 55, 15]
17890 18189 [222, 59, 19]
18190 18489 [236, 47, 17]
18490 18789 [220, 59, 21]
18790 19089 [224, 57, 19]
19090 19389 [229, 52, 19]
19390 19689 [261, 29, 10]
19690 19989 [246, 40, 14]
19990 20289 [197, 74, 29]
20290 20589 [194, 78, 28]
20590 20889 [180, 93, 27]
20890 21189 [121, 134, 45]
21190 21489 [170, 93, 37]
21490 21789 [220, 63, 17]
21790 22089 [216, 62, 22]
22090 22389 [163, 102, 35]
22390 22689 [111, 139, 50]
22690 22989 [112, 137, 51]
22990 23289 [130, 121, 49]
23290 23589 [120, 138, 42]
23590 23889 [143, 114, 43]
23890 24189 [170, 96, 34]
24190 24489 [118, 132, 50]
24490 24789 [107, 136, 57]
24790 25089 [119, 134, 47]
25090 25389 [79, 163, 58]
25390 25689 [67, 173, 60]
25690 25989 [102, 148, 50]
25990 26289 [162, 102, 36]

A quick reminder for sellers active on bter, i'll take the last transactions as an example -  270SLM - 0.06BTC

270SLM now is more than 30 PoW blocks. Yes, 30. or 15 PoB blocks. $38 ? Really ? Good luck mining 30 PoW blocks for $38, electricity alone will cost more..

This coin had no IPO, no sane person mines IPO coins anyway. You either burned (via wallet GUI) or you did not. Burning is done manually. You need to mine the coin first to burn or buy the coin at bter exchange (https://bter.com/trade/SLM_BTC) and then burn.

hey hi

i'm not sure i took part of it, where can i see if i burned some coins ?

burning adress ?

list of IPO members ?

can someone PM me this answer

many thanks

GO GO difficulty! Lets get PoW reward down to 7!

Guilty as charged, I'm afraid. Just by being open, my Linux wallet eventually entirely consumes one of the four threads available on my laptop. I imagine it'll get sorted eventually and I may well rejoin the fold at that point.

Interesting coin, though - and I'll echo an earlier poster's appreciation of the community pitching in to ensure the coin at least gained flying speed.

Cheers,

Graham

Currently there seems to be no issue with the difficulty. PoB blocks are being found every 2-4 PoW blocks right now, averaging (as I wrote in a previous post) about 1 in every 4 PoW blocks. A problem will come up if many people who burnt coins, stop mining with them for any reason (as I assume there are a few already). Then with the current scheme, the difficulty will remain high but less PoB power will be applied to this, causing the PoB to PoW block ratio to become smaller. Such proposed change will guarantee a steady flow of PoB blocks.

No, you will not, unless the majority here agree.

How will this influence number of PoB/24h and reward compared to todays rates ?

I am not too sure about the reward, but I am thinking about the reward not being determined by the burn difficulty, but by (these are just ideas): either the PoW difficulty or the rate at which coins are burned.

As for the PoB difficulty, currently, it is calculated by the amount of coins burned. I will make it so that it adjusts to a target that would average a PoB block once every 3 or 2 PoW blocks.