Topic: [ANN][GRA] Graincoin - New PoW/PoS coin | Fast, secure | Version 1.5 Released! - page 67. (Read 177070 times)

Thanks, yet I meant to get the "bonus" payouts for a block finder that Bosian had mentioned about?

1+

You tell'em Bosian!!

I think you should go to your profile and configure the withdrawal address there. Just pick one on the 'Receive' tab of your wallet and insert it at forkpool where appropriate.

If I am mining on forkpool, what should I do to get the payouts?

This decision shows commitment to GRA as well as to its miners.  Holders and potential investors in GRA should see this as a great confidence booster.  Well done.

This is fair. A good decision.

Also I see some discussions about premine. I saw this kind of messages in every single thread where the coin is premined.

Let me answer for the last time some concerns about the premine, and from this point on, all premine questions will be ignored.

The premine is stated publicly since the launch of the coin. The premined coins are and will be used for dev/support, promo, marketing, giveaways, bounties, graphics, websites, etc. I think premine is needed as many zero-premined coins (even some premined coins) have been abandoned by the dev and no further dev and build of them. In a long run it is bad for the coin, although some may still be traded and mined.

Some people are curious about how we use the fund. Sorry guys, we will never make it public. I never see a single coin made it public. It is stupid to reveal all our secrets, plans etc so haters can do sabotage and damage.

We are not doing a quick pump and dump, we are building the long term potential of the coin, slowly but steadily.

What if you are really mad and think it's unfair for the dev to premine? I'd suggest two solutions : (a) create your own coin, you can do whatever you like. Or (b). go and mine a zero-premined coin (there are plenty, and we can see how long each will exist ).

Bee7 has a great idea, which I think is a good compensation for the miners:

For now and before the issue is fixed (like we change to 3X for max PoW adjustment), the Grain dev team will send a compensation of 2K-5K for each PoW block mined, to the payout block address of that block. We will try to do it with a script in an automatic way. This will be done for all PoW blocks starting from block 100000. Before the script ready, we can send payout based on screenshots from solo miners and counts from pools.

I still need to determine the exact amount of complementary payout (possibly 5K) so that we will sustain at least for a month. Of course this can't go forever, but for now it is a good and reasonable way to move forward.

If everyone was to do this it could work temporarily, but it would cause problems in the future. By sending grain to yourself you reset the coinage and delay the minting process of those coins which means less coins fighting for PoS and in return PoW should find more blocks. But once those coins are up for minting again we would run into the same problem. Imo the best option for the coins short term health is to change the PoW extended time from 12x down to 3x for the instant results.

Yes I agree.

So, I meant to say PoS, not PoW.

You can't have 1X. 1X corresponding to PoW only. With PoS and you want to maintain the overall block time, the PoW interval has to be increased.

No. PoW mining may not be speed up this way as it does not rely on the transactions at all. (well, the randomness of the block header depends, but not the outcome of seeking for the block solution)
As for PoS mining - this is not completely clear to me yet, so I will keep quiet

It is just a pity that some people just respond to the thread at the bitcointalk forum and do not perform the task requested :\

Is there a way to speed up the PoW mining? Someone mentioned sending the grain to yourself..

Thanks Bee7 for running this giveaway, +1

https://bitcointalksearch.org/topic/giveawaygraclosed-simple-task-first-100-posts-414909

Wow, I opened my client, got 9 PoS blocks in 15 min. and the PoW difficulty jumps to 6
Its like: What, you wanna PoW mine some Grain? Well f*** you, I am opening my client.



Bosian: Can't you increase the minimum coin-holding time needed to generate PoS blocks?

Any particular reason why the wallet is having a hard time syncing with the blockchain?
I've got 600+ grain stuck in PoS and the blockchain sync stalled at 3000+ behind.

If anyone can shed some light on this....

Thanks again to those willing to discuss and explain things

I think GRA has a lot of potential which is why I've been mining and buying it up.

It just has to get past a few hurdles.

Maybe later, I will clean up the last few pages and put them in a FAQ on github pages.

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I have 3 more questions related to PoS that I didn't see the answer to in https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/

1) I have been receiving many payments through mining. These smaller amounts are creating a lot of PoS blocks for me. Will these PoS rewards "combine" or will I keep getting small payments. Meaning, let's say PoS rewards are every 15 days on eligible coins. If I have 100,000 coins but they were added to my wallet in 100 coin transactions, am I going to keep getting many small transactions or is there an automatic combining that happens?

2) Similar to the first question. If there are going to be several repeat PoS payouts every 15 days, does this mean we will see a cycle of PoW slowdown every 15 days?

3) If so, how will it work in the future when many people are making many transactions to games, services, etc. Many more PoS rewards could mean an almost stop in PoW. Which means no miners, which means a slow network.

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EDIT: just noticed the combined hash rate of the 2 pools is 9 mh/s.

Assuming the current network hashrate (345 mh/s) is just based on PoS generation and not a big solo farmer, would this be a good time to make any major changes that require a fork?

AAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH



Tension breaker.... had to be done.

Yay Grain!