Topic: [ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE * | Official Thread - page 40. (Read 354253 times)
May 24, 2014, 09:33:04 AM
This sounds like bullshit, so the LOYAL LONG TERM INVESTORS are going to get a kick in the teeth.
May 24, 2014, 08:21:51 AM
Alright guys, I have to apologize for going "dark" again for the last week or two. I had a problem with the provider for the pool server, I secured the server and in the process their monitoring tools can't connect - so what did it do? It rebooted the server repeatedly. So I have been working on repairing it and will get it up and going again shortly. I have done some payouts over the past week but there are still a lot in the backlog, those will go out tonight. Thank you for your exceptional patience! (and remember, I do these entirely manually by cutting and pasting from a bunch of Excel spreadsheets!)
In bigger news...
We are going to reinvent Particle as a Proof-of-Stake coin called Particle X. This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:
Particle X will be a Proof of Stake coin with X11. There will be a 2 week period of PoW mining before it becomes pure PoS.
I am leaning towards 250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio. The remainder will be PoW mined on the pool. We could also consider doing half and half, with 350M total coins.
I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.
Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.
I am leaning towards 3%/year proof of stake but I am open to suggestions from you.
I'm working on a lot of stuff and it is a little overwhelming for one person, I will give it a few days before I finalize the code for PRTX and am happy to consider suggestions for the parameters. What we want is a coin that is fast, attractive, with a good long term economic model, that builds value for the investors and doesn't erode it, and that I can use as a platform to build all of these great things on top of it like Particle Shares (yes, that site is complete and will go live with PRTX).
What does PRTX mean for the android wallet? Proof of stake coins are hard to make android wallets for, I don't know of anyone who has completed one yet. For mobile payments and integration with the payment service/Proof-of-Sale system I think we will have to go the online wallet route. This is something we can leverage the exchange infrastructure, payment site, and PRT .Net code altogether to accelerate building it. There are a couple of sites out there that provide this service as well that we can look into getting added to.
For the PRTX Qt wallet I have taken Snotty's design from the .Net wallet and tried to implement that look and feel as best as I could. It will be very nice.
There is something else out of left field I think we should look into - a high end casino for PRTX. Not a rinky dink script, but a really nice one with international translations. If anyone knows of any resources for this please pass the info along.
So let me get the pool server sorted out and the payouts out. Mine as many PRT as you can, you're going to want to be holding onto them to swap out. And then I will get all of the materials together and published for PRTX.
I am open to any suggestions on the PRTX parameters. China is our biggest market and userbase, so any feedback on what configuration would be most attractive would be very helpful.
In bigger news...
We are going to reinvent Particle as a Proof-of-Stake coin called Particle X. This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:
Particle X will be a Proof of Stake coin with X11. There will be a 2 week period of PoW mining before it becomes pure PoS.
I am leaning towards 250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio. The remainder will be PoW mined on the pool. We could also consider doing half and half, with 350M total coins.
I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.
Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.
I am leaning towards 3%/year proof of stake but I am open to suggestions from you.
I'm working on a lot of stuff and it is a little overwhelming for one person, I will give it a few days before I finalize the code for PRTX and am happy to consider suggestions for the parameters. What we want is a coin that is fast, attractive, with a good long term economic model, that builds value for the investors and doesn't erode it, and that I can use as a platform to build all of these great things on top of it like Particle Shares (yes, that site is complete and will go live with PRTX).
What does PRTX mean for the android wallet? Proof of stake coins are hard to make android wallets for, I don't know of anyone who has completed one yet. For mobile payments and integration with the payment service/Proof-of-Sale system I think we will have to go the online wallet route. This is something we can leverage the exchange infrastructure, payment site, and PRT .Net code altogether to accelerate building it. There are a couple of sites out there that provide this service as well that we can look into getting added to.
For the PRTX Qt wallet I have taken Snotty's design from the .Net wallet and tried to implement that look and feel as best as I could. It will be very nice.
There is something else out of left field I think we should look into - a high end casino for PRTX. Not a rinky dink script, but a really nice one with international translations. If anyone knows of any resources for this please pass the info along.
So let me get the pool server sorted out and the payouts out. Mine as many PRT as you can, you're going to want to be holding onto them to swap out. And then I will get all of the materials together and published for PRTX.
I am open to any suggestions on the PRTX parameters. China is our biggest market and userbase, so any feedback on what configuration would be most attractive would be very helpful.
Not good news for investors that stayed true to "Hold your particles"
4:1 = 4 PRT exchanged to 1 PRTX?
New influx of mined PRTX from PoW will be sold quickly by miners, further harming original PRT investors.
Why the need to change to X11? Because it's easier to implement PoS? Why can't PoS just be added to PRT as is?
The app-in-wallet functionality will remain?
In other news, is BTER down?
May 24, 2014, 05:45:22 AM
Hi, moonmoon , I got some feedback from some PRT holders .
250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT at a 4:1 ratio .
The remainder 75M will be PoW mined on the pool.There will be a 2 week period of PoW mining before it becomes pure PoS. ---- For that , somebody think ,
1. 75M coins will be go to the miners in two weeks , It's not fair for the current PRT holders they spended money to buy .
2. the miners will dump their huge PRTX very quickly , that's will cause the price down a lot .
Someone suggest : The PRTX go POS directly , no POW mined . ALL the new PRTX go to the PRT holders , This is simple way .
If the miners is necessary , please adjust the distribution ratio. protect the PRT holders profits . 75M will be to the miners in two weeks is too huge
250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT at a 4:1 ratio .
The remainder 75M will be PoW mined on the pool.There will be a 2 week period of PoW mining before it becomes pure PoS. ---- For that , somebody think ,
1. 75M coins will be go to the miners in two weeks , It's not fair for the current PRT holders they spended money to buy .
2. the miners will dump their huge PRTX very quickly , that's will cause the price down a lot .
Someone suggest : The PRTX go POS directly , no POW mined . ALL the new PRTX go to the PRT holders , This is simple way .
If the miners is necessary , please adjust the distribution ratio. protect the PRT holders profits . 75M will be to the miners in two weeks is too huge
I agree with u. So many coins are created in two weeks really hurts the long-term investers.
May 23, 2014, 10:38:03 PM
Looking over the 'Announcement' forum there really is a big pile of X11/POS hybrid coins being released.
I am thinking that is Particle goes down that path it is just another tag along and would REALLY need the new modular wallet and exchange to be online and operational immediately to seperate ParticleX from the rest or ParticleX will just be part of the trash pile of X11/POS clones.
Moonmoon have you looked into Quark/POS. I really think Quark algo is superior than X11. Quark runs just as cool and power efficient on GPUs as X11. More secure. Better asic resistance. Quark algo #1.
Or you seem to have some serious skills so if you turn the difficulty knob up to 11...how about come up with a unique twist -> Particle algo...maybe add a few extra rounds than Quark like X11 did but keep the random rounds so it retains the superiority of Quark. What would that accomplish...besides giving some attention just from the uniqueness, on re-release we would be CPU only for a little while until someone updates sph-miner with Particle algo. Right there is two positives...1)people love some CPU mining and that seems to cause a frenzy of attention and 2) once sph-miner is updated it is like constant advertising with its references to particle algo.
Just brainstorming and tossing ideas...
Go PRT!
I am thinking that is Particle goes down that path it is just another tag along and would REALLY need the new modular wallet and exchange to be online and operational immediately to seperate ParticleX from the rest or ParticleX will just be part of the trash pile of X11/POS clones.
Moonmoon have you looked into Quark/POS. I really think Quark algo is superior than X11. Quark runs just as cool and power efficient on GPUs as X11. More secure. Better asic resistance. Quark algo #1.
Or you seem to have some serious skills so if you turn the difficulty knob up to 11...how about come up with a unique twist -> Particle algo...maybe add a few extra rounds than Quark like X11 did but keep the random rounds so it retains the superiority of Quark. What would that accomplish...besides giving some attention just from the uniqueness, on re-release we would be CPU only for a little while until someone updates sph-miner with Particle algo. Right there is two positives...1)people love some CPU mining and that seems to cause a frenzy of attention and 2) once sph-miner is updated it is like constant advertising with its references to particle algo.
Just brainstorming and tossing ideas...
Go PRT!
hi moonmoon,
i think there are 2 approaches for PRT.
1. keep Particle and migrant a PoS chain like SAT as you mentioned before . the problem is that we don't know how it will going , but keeping PRT brings a lot of advantages:loyalty of fans , big exchange and maybe PRT can be a leader if success .
2. swap PRT to PRTX . in this way we dont take the risk and it is easier to accomplish ,but some fans may just leave , and in such days of CryptoNote coin , like MRO and XLB , PRTX may not get enough attention .
so , i think keeping PRT and migrant PoS is OK , but if you have decided to develop PRTX , maybe you can consider about CryptoNote , creating Particle Send or something like that .
last , i am always you fan , very appreciated of your works !
+1i think there are 2 approaches for PRT.
1. keep Particle and migrant a PoS chain like SAT as you mentioned before . the problem is that we don't know how it will going , but keeping PRT brings a lot of advantages:loyalty of fans , big exchange and maybe PRT can be a leader if success .
2. swap PRT to PRTX . in this way we dont take the risk and it is easier to accomplish ,but some fans may just leave , and in such days of CryptoNote coin , like MRO and XLB , PRTX may not get enough attention .
so , i think keeping PRT and migrant PoS is OK , but if you have decided to develop PRTX , maybe you can consider about CryptoNote , creating Particle Send or something like that .
last , i am always you fan , very appreciated of your works !
Im gobbling more coins. I think some investors are shaky with the recent news of PRT as its being dumped on poloniex, but i have faith moonmoon is going to deliver.
May 23, 2014, 10:03:46 PM
hi moonmoon,
i think there are 2 approaches for PRT.
1. keep Particle and migrant a PoS chain like SAT as you mentioned before . the problem is that we don't know how it will going , but keeping PRT brings a lot of advantages:loyalty of fans , big exchange and maybe PRT can be a leader if success .
2. swap PRT to PRTX . in this way we dont take the risk and it is easier to accomplish ,but some fans may just leave , and in such days of CryptoNote coin , like MRO and XLB , PRTX may not get enough attention .
so , i think keeping PRT and migrant PoS is OK , but if you have decided to develop PRTX , maybe you can consider about CryptoNote , creating Particle Send or something like that .
last , i am always you fan , very appreciated of your works !
i think there are 2 approaches for PRT.
1. keep Particle and migrant a PoS chain like SAT as you mentioned before . the problem is that we don't know how it will going , but keeping PRT brings a lot of advantages:loyalty of fans , big exchange and maybe PRT can be a leader if success .
2. swap PRT to PRTX . in this way we dont take the risk and it is easier to accomplish ,but some fans may just leave , and in such days of CryptoNote coin , like MRO and XLB , PRTX may not get enough attention .
so , i think keeping PRT and migrant PoS is OK , but if you have decided to develop PRTX , maybe you can consider about CryptoNote , creating Particle Send or something like that .
last , i am always you fan , very appreciated of your works !
May 23, 2014, 12:56:14 PM
Looking over the 'Announcement' forum there really is a big pile of X11/POS hybrid coins being released.
I am thinking that is Particle goes down that path it is just another tag along and would REALLY need the new modular wallet and exchange to be online and operational immediately to seperate ParticleX from the rest or ParticleX will just be part of the trash pile of X11/POS clones.
Moonmoon have you looked into Quark/POS. I really think Quark algo is superior than X11. Quark runs just as cool and power efficient on GPUs as X11. More secure. Better asic resistance. Quark algo #1.
Or you seem to have some serious skills so if you turn the difficulty knob up to 11...how about come up with a unique twist -> Particle algo...maybe add a few extra rounds than Quark like X11 did but keep the random rounds so it retains the superiority of Quark. What would that accomplish...besides giving some attention just from the uniqueness, on re-release we would be CPU only for a little while until someone updates sph-miner with Particle algo. Right there is two positives...1)people love some CPU mining and that seems to cause a frenzy of attention and 2) once sph-miner is updated it is like constant advertising with its references to particle algo.
Just brainstorming and tossing ideas...
Go PRT!
I am thinking that is Particle goes down that path it is just another tag along and would REALLY need the new modular wallet and exchange to be online and operational immediately to seperate ParticleX from the rest or ParticleX will just be part of the trash pile of X11/POS clones.
Moonmoon have you looked into Quark/POS. I really think Quark algo is superior than X11. Quark runs just as cool and power efficient on GPUs as X11. More secure. Better asic resistance. Quark algo #1.
Or you seem to have some serious skills so if you turn the difficulty knob up to 11...how about come up with a unique twist -> Particle algo...maybe add a few extra rounds than Quark like X11 did but keep the random rounds so it retains the superiority of Quark. What would that accomplish...besides giving some attention just from the uniqueness, on re-release we would be CPU only for a little while until someone updates sph-miner with Particle algo. Right there is two positives...1)people love some CPU mining and that seems to cause a frenzy of attention and 2) once sph-miner is updated it is like constant advertising with its references to particle algo.
Just brainstorming and tossing ideas...
Go PRT!
May 23, 2014, 12:17:54 PM
ParticleX or PRTX is nice name , it's so cool !
moonmooon , Do you have a schedule for the big change ?
moonmooon , Do you have a schedule for the big change ?
May 23, 2014, 11:34:57 AM
I'm for keeping the name Particle too.
The plural form for ParticleX just doesn't work well and in any case, this is all about the evolution of Particle, just another part of it's story.
The plural form for ParticleX just doesn't work well and in any case, this is all about the evolution of Particle, just another part of it's story.
May 23, 2014, 04:09:53 AM
I see those coins. Link to the pool so I can mine 
May 23, 2014, 04:06:45 AM
dear moon:
We think there are a few things to consider：
1. 75M for miners is a big problem,maybe miners can dump prtx to 30 santosi.becouse almost of miners are hort-sighted.it is a Great damage for old players and prt market.
2. when prtx is listed on big exchanges that is a big problem. prt hitted on bter.com and poloniex.com using a long time,and that consumed players a lot of Painstaking care.
3. changing prt to prtx now maybe lose some old loyal players of prt,prtx maybe not attract enough miners and new palyers.
so,we give some advice to you:
1. make prt Direct into POS,1%-3% a year.that we have deeply a talk with the chinese biggest altcoin exchange.if you do it,they will list on it.
2. when hit on that exchange,you can make prt into prtx.and give out prtx After a period of time.
3. Stability is a priority.and prt need that exchange serious.
I from China, these problems make me feel to hold constant G value
We think there are a few things to consider：
1. 75M for miners is a big problem,maybe miners can dump prtx to 30 santosi.becouse almost of miners are hort-sighted.it is a Great damage for old players and prt market.
2. when prtx is listed on big exchanges that is a big problem. prt hitted on bter.com and poloniex.com using a long time,and that consumed players a lot of Painstaking care.
3. changing prt to prtx now maybe lose some old loyal players of prt,prtx maybe not attract enough miners and new palyers.
so,we give some advice to you:
1. make prt Direct into POS,1%-3% a year.that we have deeply a talk with the chinese biggest altcoin exchange.if you do it,they will list on it.
2. when hit on that exchange,you can make prt into prtx.and give out prtx After a period of time.
3. Stability is a priority.and prt need that exchange serious.
I from China, these problems make me feel to hold constant G value
May 23, 2014, 02:15:28 AM
why not give shares to the people who hold PRT? we don't want to destroy PRT.
May 23, 2014, 01:45:15 AM
Reiterating what a community member posted a while ago, I think you should also leave the name as is. Particle has a nice flow and zing to it in comparison to ParticleX. ParticleX sounds like a mutant villain that belongs in the new Xmen movie.
May 23, 2014, 01:16:41 AM
dear moon:
We think there are a few things to consider：
1. 75M for miners is a big problem,maybe miners can dump prtx to 30 santosi.becouse almost of miners are hort-sighted.it is a Great damage for old players and prt market.
2. when is prtx listed on big exchanges that is a big problem. prt hitted on bter.com and poloniex.com using a long time,and that consumed players a lot of Painstaking care.
3. changing prt to prtx now maybe lose some old loyal players of prt,prtx maybe not attract enough miners and new palyers.
so,we give some advice to you:
1. make prt Direct into POS,1%-3% a year.that we have deeply a talk with the chinese biggest altcoin exchange.if you do it,they will list on it.
2. when hit on that exchange,you can make prt into prtx.and give out prtx After a period of time.
3. Stability is a priority.and prt need that exchange serious.
We think there are a few things to consider：
1. 75M for miners is a big problem,maybe miners can dump prtx to 30 santosi.becouse almost of miners are hort-sighted.it is a Great damage for old players and prt market.
2. when is prtx listed on big exchanges that is a big problem. prt hitted on bter.com and poloniex.com using a long time,and that consumed players a lot of Painstaking care.
3. changing prt to prtx now maybe lose some old loyal players of prt,prtx maybe not attract enough miners and new palyers.
so,we give some advice to you:
1. make prt Direct into POS,1%-3% a year.that we have deeply a talk with the chinese biggest altcoin exchange.if you do it,they will list on it.
2. when hit on that exchange,you can make prt into prtx.and give out prtx After a period of time.
3. Stability is a priority.and prt need that exchange serious.
May 23, 2014, 12:50:26 AM
do i have to send my PRT to a special address if i want to get PRTX? does that mean PRT will be destroyed?
May 23, 2014, 12:46:03 AM
Hi, moonmoon , I got some feedback from some PRT holders .
250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT at a 4:1 ratio .
The remainder 75M will be PoW mined on the pool.There will be a 2 week period of PoW mining before it becomes pure PoS. ---- For that , somebody think ,
1. 75M coins will be go to the miners in two weeks , It's not fair for the current PRT holders they spended money to buy .
2. the miners will dump their huge PRTX very quickly , that's will cause the price down a lot .
Someone suggest : The PRTX go POS directly , no POW mined . ALL the new PRTX go to the PRT holders , This is simple way .
If the miners is necessary , please adjust the distribution ratio. protect the PRT holders profits . 75M will be to the miners in two weeks is too huge
250M total coins. The coins will be split. 175M of Particle X coins will be mined and reserved for a coin swap for PRT at a 4:1 ratio .
The remainder 75M will be PoW mined on the pool.There will be a 2 week period of PoW mining before it becomes pure PoS. ---- For that , somebody think ,
1. 75M coins will be go to the miners in two weeks , It's not fair for the current PRT holders they spended money to buy .
2. the miners will dump their huge PRTX very quickly , that's will cause the price down a lot .
Someone suggest : The PRTX go POS directly , no POW mined . ALL the new PRTX go to the PRT holders , This is simple way .
If the miners is necessary , please adjust the distribution ratio. protect the PRT holders profits . 75M will be to the miners in two weeks is too huge
May 22, 2014, 10:46:59 PM
no one care the amazing wallet now?
how many months ago dev gave us the beta version wallet.
maybe moonmoon can lead the trend, not just follow other's
agree with you. Expecting the new wallethow many months ago dev gave us the beta version wallet.
maybe moonmoon can lead the trend, not just follow other's
anyway, the nice and special wallet is always the best attractive point of PRT, we all like the strong, pretty, multipool-functional PRT wallet very much, so, we bought PRT several months ago.
I still believe PRT will have a very cool wallet, hope so.
GOGOGO my friends~~
May 22, 2014, 10:15:57 PM
no one care the amazing wallet now?
how many months ago dev gave us the beta version wallet.
maybe moonmoon can lead the trend, not just follow other's
how many months ago dev gave us the beta version wallet.
maybe moonmoon can lead the trend, not just follow other's
May 22, 2014, 01:29:44 PM
hey all,
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
I'm a long term holder too.
Can we just leave our coins on an exchange and let them take care of the swap?
I assume any long term holders who leave their coins in a wallet lose all their coins.
I dont think that the exchanges will do the work for you.
They didnt do that when Cai swapped to CaiX - So we will have to take action by ourselfes.
You got one Vote everyhour on Mintpal. Lets get Particle up.
https://www.mintpal.com/voting#PRT
It is a possibility, im 99% sure allcoin did it with beecoin when they swapped to V2
May 22, 2014, 12:57:40 PM
hey all,
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
I'm a long term holder too.
Can we just leave our coins on an exchange and let them take care of the swap?
I assume any long term holders who leave their coins in a wallet lose all their coins.
I dont think that the exchanges will do the work for you.
They didnt do that when Cai swapped to CaiX - So we will have to take action by ourselfes.
You got one Vote everyhour on Mintpal. Lets get Particle up.
https://www.mintpal.com/voting#PRT
May 22, 2014, 11:37:19 AM
hey all,
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
i only registered today to post on this topic.
i have quite a few particlecoin, but they are sitting on exchanges, will i need to download a wallet for the swap?
i only have a mac and the mac wallet download link doesn't work.
thanks Jimmy
I'm a long term holder too.
Can we just leave our coins on an exchange and let them take care of the swap?
I assume any long term holders who leave their coins in a wallet lose all their coins.
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