[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 90.

CanErik

hero member

Activity: 756

Merit: 541

Quote from: ComputerGenie on May 05, 2018, 12:21:36 PM

Quote from: CanErik on May 05, 2018, 11:47:03 AM

...I read it already...

[separated for emphasis]

...Is there any official statement as a proof of this argument?

It would seem that you did not...

Quote from: jl777B on May 03, 2018, 04:21:15 PM

Quote from: FrozenChaos on May 03, 2018, 12:57:41 PM

Will KMD fork the POW now that Bitmain is supposedly launching a 10k/sol @ 300w ASIC for $2k? I get that the block reward is small relative to the bulk of the new coins happening from the 5% APR but just curious on the decentralized aspect of things.

We wont be changing the PoW just because there are ASIC for them, especially since the 5% dominates mining and notary mining is the majority of the mining

It, literally, doesn't get any more "official" than that.

Hi;

Okay, so you don't know what is "official statement".

Kind regards

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: CanErik on May 05, 2018, 11:47:03 AM

...I read it already...

[separated for emphasis]

...Is there any official statement as a proof of this argument?

It would seem that you did not...

Quote from: jl777B on May 03, 2018, 04:21:15 PM

Quote from: FrozenChaos on May 03, 2018, 12:57:41 PM

Will KMD fork the POW now that Bitmain is supposedly launching a 10k/sol @ 300w ASIC for $2k? I get that the block reward is small relative to the bulk of the new coins happening from the 5% APR but just curious on the decentralized aspect of things.

We wont be changing the PoW just because there are ASIC for them, especially since the 5% dominates mining and notary mining is the majority of the mining

It, literally, doesn't get any more "official" than that.

CanErik

hero member

Activity: 756

Merit: 541

Quote from: oblox on May 05, 2018, 09:34:23 AM

Quote from: CanErik on May 05, 2018, 09:24:32 AM

Hi;

Does the current team have a plan for "Antminer Z9 mini"? Like continuous hard fork in Monero?

Kind regards

Read a few posts up.

Hi;

I read it already. Is there any official statement as a proof of this argument?

Kind regards

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: CanErik on May 05, 2018, 09:24:32 AM

Hi;

Does the current team have a plan for "Antminer Z9 mini"? Like continuous hard fork in Monero?

Kind regards

Read a few posts up.

CanErik

hero member

Activity: 756

Merit: 541

Hi;

Does the current team have a plan for "Antminer Z9 mini"? Like continuous hard fork in Monero?

Kind regards

ckcpp

newbie

Activity: 2

Merit: 0

wallet cannot connect
whats goin on?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Blocnation dICO Webapp Tutorial!

tomsmith26

hero member

Activity: 1148

Merit: 512

Quote from: Big Naturals on May 04, 2018, 05:18:15 PM

What is the latest version of Agama, and where can I download it from?

The link I downloaded from before isn't working today - https://komodoplatform.com/komodo-wallets/

it's very good to get a download for me and I have just download Agama wallet to send more 300KMD to Blocnation (BNTN) project for testing .
it's running very well and I hope dICO will be successfully completed soon. Let's see the BNTN ICO do now.

lowkey9898

member

Activity: 90

Merit: 10

Quote from: Big Naturals on May 04, 2018, 05:18:15 PM

What is the latest version of Agama, and where can I download it from?

The link I downloaded from before isn't working today - https://komodoplatform.com/komodo-wallets/

It's working for me, just checked it a few seconds ago.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: aniden on May 04, 2018, 05:37:58 PM

All the addresses of all the money in Agama were obtained from the seed. but if the address is known, is it possible to imply other addresses? is not it? for if I share my BTC address with Agama, is this possible to imply Komodo address

Yes

aniden

member

Activity: 231

Merit: 10

All the addresses of all the money in Agama were obtained from the seed. but if the address is known, is it possible to imply other addresses? is not it? for if I share my BTC address with Agama, is this possible to imply Komodo address

Big Naturals

sr. member

Activity: 756

Merit: 268

What is the latest version of Agama, and where can I download it from?

The link I downloaded from before isn't working today - https://komodoplatform.com/komodo-wallets/

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: Astrilian on May 04, 2018, 06:48:37 AM

Quote from: oblox on May 03, 2018, 06:15:10 PM

Quote from: jl777B on May 03, 2018, 04:21:15 PM

Quote from: FrozenChaos on May 03, 2018, 12:57:41 PM

Will KMD fork the POW now that Bitmain is supposedly launching a 10k/sol @ 300w ASIC for $2k? I get that the block reward is small relative to the bulk of the new coins happening from the 5% APR but just curious on the decentralized aspect of things.

We wont be changing the PoW just because there are ASIC for them, especially since the 5% dominates mining and notary mining is the majority of the mining

Yeah, I don't think it really makes a difference here. While I despise Bitmain as a company and everything they stand for, I really want to buy one just to dedicate to KMD since it is so competitively priced and efficient (on the face of things).

Is Komodo among the more profitable and easier coins to mine or what is the motivation to start mining with Bitmains? Did you consider to mine coins designed for CPU mining if you dislike Bitmain?

I support the coins I own by contributing hashing power to the network, hence it won't be competitive to continue to mine GPU when an ASIC is out.

FrozenChaos

member

Activity: 88

Merit: 50

Quote from: Im a pickle Morty on May 04, 2018, 02:08:46 PM

Quote from: jl777B on May 04, 2018, 09:17:58 AM

As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.

As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.

Chicken and egg dilema here. Need more transactions but due to komodo growing pains and no hype marketing plan not enough users.

Maybe you guys are too smart. And I mean that in the nicest possible way. You are approaching the marketing like a smart person going for a smart person market. When you should be approaching the marketing like a smart person going for a dumb person market. Or even better a dumb person going for a dumb person market.

Ie: verge, nano, bitconnect, etc

Streamline the GUI for barterdex, get half a dozen or so ICOs under wraps, and work the POC of multichain txs and I think marketing can be a larger driver. BD is still clunky, first ICO is under way, and the last part still being worked on.

Im a pickle Morty

newbie

Activity: 33

Merit: 0

Quote from: jl777B on May 04, 2018, 09:17:58 AM

As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.

As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.

Chicken and egg dilema here. Need more transactions but due to komodo growing pains and no hype marketing plan not enough users.

Maybe you guys are too smart. And I mean that in the nicest possible way. You are approaching the marketing like a smart person going for a smart person market. When you should be approaching the marketing like a smart person going for a dumb person market. Or even better a dumb person going for a dumb person market.

Ie: verge, nano, bitconnect, etc

jl777B

full member

Activity: 476

Merit: 133

Quote from: Danzing on May 04, 2018, 01:11:03 PM

Quote from: jl777B on May 04, 2018, 11:52:42 AM

Quote from: Danzing on May 04, 2018, 11:47:14 AM

Quote from: jl777B on May 04, 2018, 09:17:58 AM

As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.

As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.

Just trying to make certain I understand you correctly:

We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)?

it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes

I liked the idea of paper wallet touched only once a year, but if you say it's needed, I guess its needed.
We are still @820k, meaning, if I wait will 999k and transfer my all coins to paper wallet, I will still get 5% for the next year without touching them?

if you are active enough to time things exactly, then that would work, but just one time. all new utxo after 1000000 will operate with the new rules

Danzing

member

Activity: 112

Merit: 10

Quote from: jl777B on May 04, 2018, 11:52:42 AM

Quote from: Danzing on May 04, 2018, 11:47:14 AM

Quote from: jl777B on May 04, 2018, 09:17:58 AM

As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.

As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.

Just trying to make certain I understand you correctly:

We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)?

it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes

I liked the idea of paper wallet touched only once a year, but if you say it's needed, I guess its needed.
We are still @820k, meaning, if I wait will 999k and transfer my all coins to paper wallet, I will still get 5% for the next year without touching them?

jl777B

full member

Activity: 476

Merit: 133

Quote from: fabi90 on May 04, 2018, 12:30:08 PM

How long can a transaction go unconfirmed for?
I've been waiting for a transaction to be confirmed, that has been sitting for 2 days now. The fee of 0.001 seems reasonable enough.

after 1 hour it expires. exit komodod and start it up again and it should remove the tx from your mempool

fabi90

full member

Activity: 204

Merit: 252

How long can a transaction go unconfirmed for?
I've been waiting for a transaction to be confirmed, that has been sitting for 2 days now. The fee of 0.001 seems reasonable enough.

jl777B

full member

Activity: 476

Merit: 133

Quote from: Danzing on May 04, 2018, 11:47:14 AM

Quote from: jl777B on May 04, 2018, 09:17:58 AM

As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.

As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.

Just trying to make certain I understand you correctly:

We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)?

it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 90. (Read 1192053 times)