Topic: [ANN][THC] The Hempcoin (THC) - page 105. (Read 389163 times)

Two POS wallets that I have are NAV & Greenbacks - both of them seem to work pretty well as far as I can see.

I can't find any multi-algo coins with POS+POW. Do you know any?

Multi-algo would be a great feature to add. All miners would be able to support the network. I would want to support sha256, scrypt, x11 and keccak. I don't see a point in trying to support a cpu only algo since it'll be GPU soon after. Do you know if its possible to remove and add algorithms after a multi-algo coin is launched? I would want it even. 2 ASICs algos and two non-ASICs algos. Once x11 goes ASIC then that would be 3 to 1 with ASICs winning.

Important thing is implementing multi-algo, base can be anything. NVC is very advanced code in my opinion (that's our current code), Redd is good too.

As part of our research on the idea of a possible source code switch and coin swap we should all list the coins that we think are the best to switch over to.

I actually don't know any good POS coins so all I can mention is:
reddcoin.com

I'm sure killsig could get a list of all the addresses with balances at a specific block with no problems at all. His block explorer is the best explorer that I have ever seen.

I think it's necessary to keep the old blockchain available to the public. A public ledger is important. Foul play could be involved if a complete blockchain from the beginning isn't always available.


Edit: If killsig could somehow merge both blockchains together in his block explorer, it would be the most amazing thing ever.

LOL, I talk like this plan is going down for sure.

That's what we are doing currently. We are following NVC. No POS coin has lite wallet, as far as I know.

Hmmm....that may be possible! All that would be needed is make little app, that would send coins to new chain. It would go like this:
1. Snapshot of all addresses  balance would be created.
2. First block with exactly that amount as reward would be mined.
3. App on server would send all coins to respective addresses.
4. User would either use old wallet in new client or they would dump old wallet private keys and import them to new wallet. Old paper wallets would be compatible with new wallet.
5. Done!

That's brilliant idea! I'm so glad we have people like this in THC community!

Yes, that's possible and that's actually what I would like to happen. We would be first coin that transitioned from single-algo to multi-algo.

Congrats on the Hempfield! It's really great pool.

I think the best plan is to follow behind a really good coin. Find a coin that already has things like a decentralized lite wallet with POS ability. A coin where the devs aren't going to disappear anytime soon. Then the devs here can work together with the devs on future development on the coins source code, which is the exact same.


I have a question about a coin swap and complete new source code:
If hemp coin remains with the same H starting letter for receiving addresses, would it be possible to premine the current ~130,000,000 coins and then send them all out anonymously to the same addresses that hold them now? That sounds pretty easy to me and like a good idea if it's possible. I would like for the old block chain to remain under old.blockchain.info forever if a coin swap happens.


I don't want a coin swap but it's looking like a good idea.If there is a swap, the coins must be swapped anonymously. Anyone with a wallet.dat file or a paper wallet must get the coins in that same wallet without any knowledge of the coin swap.


I have another idea which could be good. I never like to go 1 way. I like many ways to do things. This leads me to think... what if THC remains how it is now and we create a brand new coin called HEMP. HEMP will be premined and use the same H in the receiving addresses. Anyone with THC as of say... Dec. 25th or Jan 1st will also have that much HEMP.

This whole idea relies on the ability to use the same wallet.dat/paperwallets with the two different coins and blockchains.

interesting... just when I think I am starting to get a grasp on things, something new becomes possible. 

The multi algo's approach sounds really interesting. 

Would it be possible to have the block generation divided equally between scrypt, ASIC-resistant algo and POS ? I think we would just have to make each algo have a 3 minute block time....however, I am getting well beyond my technical knowledge of how this all works, but I think that would be quite interesting if possible, best of 3 worlds.

PS: thc.hempfield.club had its 50th registrant yesterday... Thanks everyone !! once I get a chance I will send out the rewards to a few lucky miners.

NOOB question: is it bad if i post txid's here for the rewards I send ?  I would also like to post the miners name as well.  If anyone does not want this, let me know.

Thanks.

In most cases, THC wallet should be one of the fastest wallets available. However in some cases, it could be faster.
I had upgrade ready, that could increase wallet speed (up to 20 times faster in some cases). I decided to add it after POS is fixed.

I don't know about transition to ASIC-resistant algo. People who bought ASICs just to buy THC wouldn't be happy. Just to make it clear, I don't own any ASICs nor GPU rigs.

I was thinking about transitioning HEMP (you maybe noticed I use HEMP and THC interchangably, they are synonymous IMO) to multi-ago (2, to be exact).
It would be possible to mine THC both via Scrypt and ASIC-resistant algo. Implementing it however wouldn't be easy (not impossible, it has already been done, but always on new coin, not on coin aready running)

I decision of exact algorith should be based on comunity consensus. I personally prefer Keccak, because it can be mined by both NVIDIA and AMD GPUs effectively, while it also can be mined on CPU.

Sorry if I made some typos, my laptop failed and I'm on my old PC, where I don't have spellchecker installed yet.

I do have a lot of transactions in my wallet , been mining this from block one.
All my wallets are on an ssd and it is very workable, but still noticeably slower.
But a lot better than with the old code.
I have no problem with that, but i'm starting to feel i'm missing out with no pos.
Guncoin (GUN) and Imperialcoin (IPC) are two coins i assisted with in their transition to neoscrypt, if interested you could read the guncoin threat. We had the ASIC discussion there. In the end it boils down to community and the ability to allow small miners to get a piece of the pie. Never underestimate the stubbornness of a CPU miner to get a block.
Got quite some asic power myself but i use it rarely on Hempcoin. I mined most of my coins with a GPU.

That is an interesting idea as well, will have look more into orbitcoin and neoscrypt.  I am not one to believe that ASICS are the reason for miners dumping, I think it helps stabilize the network if anything.  Whether you throw 100 Mh at a network with 1GH or if you throw 1Mh at a network with 10Mh, its all relative.  However assuming that ASICS will remain comparatively expensive, scrypt may take away the possibility of the average miner not getting a chance to get a piece of the Hempcoin pie (outside of the exchanges).  I am not technical enough to weigh all the advantages/disadvantanges, but think its worth talking about as a community.

I am surprised you find the Hempcoin wallet slower than others, do you have thousands of transactions ?  Even at that, I have thousands and thousands of transactions on my wallet and it still loads faster than most others.  With most other coins, once I get up over a couple thousand transactions, I need to transfer my coins to a new wallet.dat so it loads faster.  On one coin I was forced to load my wallet.dat into a Linux daemon in order to send the coins as my Windows QT wallet would just freeze up and never fully load.

Thanks for your reply and I hope it sparks up some good discussion.

If we are going to invest in new development i would prefer Hempcoin going in the Orbitcoin direction.
Orbitcoin is currently 63% pos and is like many others switching from scrypt to neoscrypt to get the asics out and allow the small miners back in.
To be very honest the Hempcoin wallet is still the slowest loading wallet i have (except for bitcoin), and we do not have pos, so maybe that new code is not that great.
Everybody here has already seen how easy hempcoins are sucked up and dumped by someone with moderate scrypt hashing power and bigger machines are on their way to people desperate to make ROI in this bear market.
I've done a few neoscrypt switches and they are smooth, i checked the current code and think a switch to neoscrypt pos/pow would not be that difficult.
And as a plus most coins that made the switch gained value and interest.

Just my two cents,
 

+1!


anyone know what happened to the website?

I'll donate 25,000 coins as well. I'd love to see someone that is able to get the code updated.

Hello Hempcoinians,

I hope all is well with everyone and hope you all enjoyed Halloween this weekend. 

There has been some great Hempcoin progress lately and I think it's time 'we' as a community need to help give a further push where a push is needed.

I have an idea I would like to throw out there and see what everyone thinks.

We all know there have been issues with the upcoming wallet release.  It seems getting POS working on the new code base is more challenging than anticipated.  We have the option of reverting back to the previous code base (slower, older, not as good), but Hempcoin does not want to settle for an inferior product.  Hempcoin wants to stand out amongst the hundreds of altcoin options out there, Hempcoin is ahead of the game.

We have reached out for assistance and had a few generous members give their time to assist with the wallet.  We are very thankful for their efforts, however thankful is not fixing our POS :-D.  Any help received was out of the goodness of their heart and no incentives were given.  I believe we, as a community need to sweeten the deal and help out our hard working and dedicated development team.

I propose that we start a community donation fund to help get us past this development hiccup.  Keep in mind Hempcoin did not have any premine and I am very proud of all that has been accomplished so far without the need of any premine or donation fund.  This shows a great deal about the nice little community we have growing here.

For added security, we can setup the donation fund with a multisig address ( two-of-four type address).  A unique key would be given to four well known members of the community ( all 4 keys are different).  In order to withdraw funds from this account, 2 of the 4 keys are needed to unlock it.

What do Hempcoinians think ?  good idea or not ?

I for one would love to see the number of POW blocks drastically decrease to put an end to the miners dumping their coins at bittrex.  I think the quicker we can get POS working again, the quicker things will start to happen for Hempcoin.

I would start it off by donating 25,000 THC plus a weeks worth of donations on the hempfield.club pool.  not much, but its just a start.  If there is good community involvement, I would double/triple my donation.

I am confident we can muster together an alluring enough bounty to fix Hempcoin's POS.

The announcement page was updated. If anyone see's something that needs changed, let me know and I'll update it for the devs.

for me it sounds really good. 

Thanks for your kind words.

I did some of this stuff called "toast". It's like honey oil but it's solid and when you break it apart it looks like a broken piece of golden toast. It's amazing stuff to vaporize. You can put one tiny little lump into vapo-pen and puff it all day.

I thought of a revolutionary marketing tool. It's truly amazing how this is going to work. WOW. I can't tell you yet.



I have a question. If I could get a medical marijuana dispensary to trade THC based medicine for hemp coins at a super good discount, should I go ahead with that plan? Obviously anyone can do whatever they want and no one needs others permission to do whatever they want. I just want to see what people are thinking on this.