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Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 59. (Read 284956 times)

newbie
Activity: 35
Merit: 0
sr. member
Activity: 826
Merit: 263
Quote
Can you post more details what changes you plan to PoB target and reward scheme please

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.

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.
Both great ideas
hero member
Activity: 798
Merit: 500
Quote
Can you post more details what changes you plan to PoB target and reward scheme please

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.

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.
hero member
Activity: 616
Merit: 500
Looks like we have hit an all time high for PoW difficulty, 0.29. Smiley

I want to see 7SLM PoW reward Smiley

We aren't too far away from that, there seems to be some solomining action going on. Smiley
legendary
Activity: 872
Merit: 1010
Coins, Games & Miners
Oooh my...

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

I concur with primer-

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

Block reward, as it is curently, rewards loyal miners and PoBers.... Don't fuck with it slim plz
hero member
Activity: 938
Merit: 1000
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..

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.
legendary
Activity: 1092
Merit: 1000
Looks like we have hit an all time high for PoW difficulty, 0.29. Smiley

I want to see 7SLM PoW reward Smiley
hero member
Activity: 616
Merit: 500
Looks like we have hit an all time high for PoW difficulty, 0.29. Smiley
member
Activity: 98
Merit: 10

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.



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.

There is no change in the number of PoB blocks being found in respect to the number of PoW blocks. There is however, a lot more PoS blocks being found (3129 compared to 40).

That means that the amount of time to find 1 PoW block is larger, that is there by design. I may change the minimum difficulty for PoS blocks to make them harder to find, making the PoW blocks found more often and thus the PoB blocks more often.

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.
legendary
Activity: 1092
Merit: 1000

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.



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.
full member
Activity: 126
Merit: 100
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..

+1
member
Activity: 98
Merit: 10
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]
legendary
Activity: 1092
Merit: 1000
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..
legendary
Activity: 1092
Merit: 1000
hey hi Smiley

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

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.
legendary
Activity: 2114
Merit: 1693
C.D.P.E.M
hey hi Smiley

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
legendary
Activity: 1092
Merit: 1000
GO GO difficulty! Lets get PoW reward down to 7!
legendary
Activity: 2254
Merit: 1290
people who burnt coins, stop mining with them for any reason

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

full member
Activity: 182
Merit: 100
Quote
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.

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.
legendary
Activity: 1092
Merit: 1000
Quote
Can you post more details what changes you plan to PoB target and reward scheme please

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[b/].

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

How will this influence number of PoB/24h and reward compared to todays rates ?
full member
Activity: 182
Merit: 100
Quote
Can you post more details what changes you plan to PoB target and reward scheme please

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.
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