Topic: [ANN][SHA]SHACoin2 - Dead Revival - Virtual & Physical Coin - Faucet - page 141. (Read 198323 times)
March 20, 2014, 12:49:55 PM
My understanding is that it's not a set frequency...it's more like mini-mining. Think of your "aged" coins as your mining rig...the more "aged" coins you have, the larger your mining rig. If you win a POS stake, you get the reward.
March 20, 2014, 12:32:05 PM
Here's a little more info around POS minting from the PeerCoin site:
Proof of Stake Important Concepts
Also, w/ PeerCoin you can see the minting in the Block Expolorer...the minted blocks have really low difficulty (like 4 or 5). I took a look at the last few hundred blocks in our chain and I didn't see any that looked like they were minted yet.
But either way...minting is a slow process...
Proof of Stake Important Concepts
- Coin-Age: I receive 10 coins from Person X and hold them for 30 days, those particular coins have a combined coin age of 300 coin-days.
- Generating A Coinstake: Once minting is unlocked you can generate a coinstake which consumes your coin age in exchange for generating a block with profit. The greater the coin age the higher probability that the proof of stake will be generated, if you are offline for a couple years for example when you reconnect you will probably generate a proof of stake almost immediately however you may have missed opportunities for compounding earlier.
- Transferring coins to another person: Destroys all coin-age attached... only static coins gain age.
Also, w/ PeerCoin you can see the minting in the Block Expolorer...the minted blocks have really low difficulty (like 4 or 5). I took a look at the last few hundred blocks in our chain and I didn't see any that looked like they were minted yet.
But either way...minting is a slow process...
interesting, but, again, for SHA, I can't seem to find the frequency of interest payment, weird. Compound interest is a very powerful force, so we really need to know the frequency of interest payment
March 20, 2014, 12:29:02 PM
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March 20, 2014, 12:28:01 PM
it so slow im not even worried about it. Ha! Coins in mah wallet with! 6 more days of mining; until its aging time. Lets stay focused on coin promotion, development, and net hash rates!
March 20, 2014, 11:35:53 AM
Here's a little more info around POS minting from the PeerCoin site:
Proof of Stake Important Concepts
Also, w/ PeerCoin you can see the minting in the Block Expolorer...the minted blocks have really low difficulty (like 4 or 5). I took a look at the last few hundred blocks in our chain and I didn't see any that looked like they were minted yet.
But either way...minting is a slow process...
Proof of Stake Important Concepts
- Coin-Age: I receive 10 coins from Person X and hold them for 30 days, those particular coins have a combined coin age of 300 coin-days.
- Generating A Coinstake: Once minting is unlocked you can generate a coinstake which consumes your coin age in exchange for generating a block with profit. The greater the coin age the higher probability that the proof of stake will be generated, if you are offline for a couple years for example when you reconnect you will probably generate a proof of stake almost immediately however you may have missed opportunities for compounding earlier.
- Transferring coins to another person: Destroys all coin-age attached... only static coins gain age.
Also, w/ PeerCoin you can see the minting in the Block Expolorer...the minted blocks have really low difficulty (like 4 or 5). I took a look at the last few hundred blocks in our chain and I didn't see any that looked like they were minted yet.
But either way...minting is a slow process...
March 20, 2014, 11:27:23 AM
PoS
- Adopts a variable PoS rate with the following annual interest rate:
- Year 1: 25%
- Year 2: 15%
- Year 3-9: 10%
- Starting Year 10, it will have an annual PoS interest of 1% - Min stake age: 48 hours, no max age
Dev, it would be nice to have a countdown of the first 48 hours, so we know that minting has begin
And at what frequency is stake interest paid? hourly? Daily? weekly? monthy? You never said
March 20, 2014, 11:23:01 AM
Have my wallet open since the beginning, no stake whatsoever
As the network reached the 14400th height already?
As the network reached the 14400th height already?
March 20, 2014, 11:18:43 AM
Must answer the developer
March 20, 2014, 11:12:15 AM
who got their wallet mint? please show some pic please.
I made the config file and the Mint.Bat. My wallet says "encrypted and unlocked" but nothing has happened yet. I will get a screen shot when i get off work for you.
I still have my wallet unencrypted -- going to fix this momentarily but it shows no stake shares yet. My first coins were received more than a couple days ago. Was unclear whether POS started before POW period ends or not.
March 20, 2014, 11:01:42 AM
who got their wallet mint? please show some pic please.
I made the config file and the Mint.Bat. My wallet says "encrypted and unlocked" but nothing has happened yet. I will get a screen shot when i get off work for you.
March 20, 2014, 10:53:54 AM
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March 20, 2014, 10:49:23 AM
who got their wallet mint? please show some pic please.
March 20, 2014, 10:47:59 AM
Hash Rates are falling more!!!! Big miners are moving around. The pool I am in just lost 10T/h miner.
28T/h @ 390,000 difficulty.....
28T/h @ 390,000 difficulty.....
March 20, 2014, 10:39:18 AM
I see Sha1Coin (SHA) for voting on mintpal.... I assume this is a typo and the same coing?
https://www.mintpal.com/voting
Only registered users with a trade history are permitted to vote for coins. Every user is limited to 5 (five) votes per hour.
You can also send some BTC to move it up in the votes fast to this address:
19F8KFvUL4MYkZMzisJ9Yp2K3nd8DpTpvm
Vote for SHACoin on MintPal
https://www.mintpal.com/voting
Only registered users with a trade history are permitted to vote for coins. Every user is limited to 5 (five) votes per hour.
You can also send some BTC to move it up in the votes fast to this address:
19F8KFvUL4MYkZMzisJ9Yp2K3nd8DpTpvm
We have already sent a email to them about this typo
March 20, 2014, 10:10:53 AM
I see Sha1Coin (SHA) for voting on mintpal.... I assume this is a typo and the same coing?
https://www.mintpal.com/voting
Only registered users with a trade history are permitted to vote for coins. Every user is limited to 5 (five) votes per hour.
You can also send some BTC to move it up in the votes fast to this address:
19F8KFvUL4MYkZMzisJ9Yp2K3nd8DpTpvm
Vote for SHACoin on MintPal
https://www.mintpal.com/voting
Only registered users with a trade history are permitted to vote for coins. Every user is limited to 5 (five) votes per hour.
You can also send some BTC to move it up in the votes fast to this address:
19F8KFvUL4MYkZMzisJ9Yp2K3nd8DpTpvm
March 20, 2014, 09:54:10 AM
Something go wrong I think
March 20, 2014, 08:50:28 AM
net hash is around 37T/h.. it seems to be falling off today..... difficulty also dropping off into the 500,000.....
March 20, 2014, 06:55:16 AM
good！
March 20, 2014, 06:32:10 AM
When I trying solo mining this coin ( I know it's crazy for current difficulty, just for test) I got a message
"[2014-03-20 19:23:58] blktmpl error: Unrecognized block version, and not allowed to reduce or force it"
What is it? My setup and configuration mining other coin is normal.
"[2014-03-20 19:23:58] blktmpl error: Unrecognized block version, and not allowed to reduce or force it"
What is it? My setup and configuration mining other coin is normal.
March 20, 2014, 06:24:28 AM
I've not received giveaways....
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