GhostCoin Developer Announcement
We still have a lot of people confused about when PoW will end, to clarify things this coin is a PoW + PoS hybrid, this means that while the PoW phase is happening blocks are also being solved by PoS. Therefore the PoW won't end until there have been 5000 blocks solved by PoW the PoS blocks don't count towards this total. The reason it is PoW + PoS is to ensure a smooth transition to PoS when it switches, we have seen many other coins fail when they transition to PoS because suddenly millions of coins are staked driving the PoS difficulty way up and resulting in transactions getting stuck for hours, or even days.You can use the getinfo, getpowblocksleft, and getpowtimeleft commands to get the number of PoW blocks left and also an approximation of the amount of time left in the PoW phase.getinfo
{
"version" : "v1.0.0.0-g32a928e",
"protocolversion" : 60014,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 6417,
"powblocks" : 3593,
"powblocksleft" : 1407,
"timeoffset" : -2,
"connections" : 20,
"proxy" : "",
"ip" : "82.118.242.176",
"difficulty" : {
"proof-of-work" : 1201.72071316,
"proof-of-stake" : 0.00548724
},
"testnet" : false,
"keypoololdest" : 1412406303,
"keypoolsize" : 101,
"paytxfee" : 0.00010000,
"mininput" : 0.00000000,
"errors" : ""
}
You can also use the following additional commands to even get an estimate of the time left.getpowblocksleft [block]
getpowtimeleft [time-unit] [block]
For example using getpowtimeleft I see that there is approximately another 25 hours of mining left.getpowtimeleft hours
25.07790000
In other news we have also been added to another pool, SuchPool.pw if you haven't already we recommend you spread the hash power and point your rigs here as well!
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