Topic: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi - page 5. (Read 2903 times)

Attention Miners

As you may be aware, there is an update to the grading algorithm in the works. The details of the grading algorithm are at a high level:

// 1. Top 50 OPRs by hash difficulty are taken
// 2. 25 of those OPRs are selected by grading their prices with 1% tolerance band
// 3. The submitters of these 25 OPRs are equally paid 200 PEG each
// 4. 1 OPR is selected from the 25 by grading without any tolerance band
// 5. The asset prices are set based on this 1 OPR from step 4 above


If you wish to understand the minutiae of the algorithm, feel free to ask questions in the #oracle-mining channel on Discord. There is still analysis ongoing on the 1% band, but that is what we have atm. The code is developed and under review.

There are two big changes that will affect all miners:
1. The size of the OPR is expanding, meaning the cost per submission will be 2ECs, not 1. The amount of ECs you are currently burning will be doubled. This may be perceived as double the cost, but when taking into account the cost of paid data sources and hardware, it is a minimal bump.
2. More miners will be paid, and therefore more miners will be winning. Large miners might see their rewards go down, and small miners will see an increase in rewards.

A side effect is that the variance of various data sources will impact miners less. There is still tools to be developed (ongoing discussions) to help miners be more informed about the data sources they choose. And some modifications to polling are being discussed to better handle stale pricing

Be sure to check out the PegNet network stats at Factoshi. 

Well, I don't think mobile mining is going to work out so well.  While the hash algorithm does prevent just driving a battery to zero, it is still a load.  And your mobile device isn't likely to have a fast memory system, so I don't think you'd get much from it.

Okay thank you

Join us tomorrow, Monday the 19th at 16:45 UTC for a live stream of the mainnet launch.  Four panelists with in-depth knowledge of the PegNet and Factom Protocol ecosystems will be answering questions.

PegNet runs on top of the Factom Protocol.

On which platform is it online?

MainNet goes live at 17:00 UTC!  Get those miners updated to version 0.1.1 -- https://github.com/pegnet/pegnet/releases/tag/v0.1.1

Less than 24 hours until mainnet mining goes live!

Hurry and get those factomd nodes synced. 

Attention Miner!

A hotfix was released that affects anyone using OpenExchangeRates or ApiLayer as a datasource. Given OpenExchangeRates is one of the defaults, this likely includes you!.

Upgrade to the latest release here https://github.com/pegnet/pegnet/releases/tag/v0.1.1.

This is crucial to providing accurate data.

As you configure your miners, PLEASE make sure the CoinbaseAddress in your defaultconfig.ini files is your FCT address.

If you are configuring fresh, and getting the defaultconfig file from github, then the default CoinbaseAddress is going to be CHANGEME, and your miner will bomb if it isn't a valid FCT address.  If you built your configuration in the past, you might have a public FCT address for your CoinbaseAddress.

Older versions of the defaultconfig.ini, and versions used against the TestNet generally have public FCT addresses.  Please don't mine with a public FCT address, because that is terribily unrewarding!

Double check your configurations!

Fantastic - we’re excited to be running miner.!

Looking forward to mining PEG!

I've upgraded to the latest miner as directed.

We will start out with some miners on Monday.

Does anyone know how many initial miners there will be on Monday?

Is mobile mining in the works or planned in the future?

Monday is 17:00 UTC is coming fast!

If you want to get started mining, definitely join the PegNet Discord and talk through your plan!  You now have about 50 hours to get ready!

IMPORTANT ANNOUNCEMENT

New builds are now published for miners. Be sure to update if you want to participate in the mainnet launch on Monday. The post has been updated with details.

Just doing last minute documentation and cleanup for the launch of mining on Monday August 19.

Mining requires sources to pull data from, and now all default sources now are free data feeds are mostly free data feeds.  One costs $12 a month.

Always interested in more sources, so let us know if you have a lead on good real time market data that can be used by the PegNet Oracle Price Record Chain!

My mistake.  The members have to declare themselves as public.  There are 15 developers with commit rights on the project, and more that are contributing through pull requests.  Sorry about the confusion, and the original post has been updated.

This link shows no public members.