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Topic: [ANN][WEBD][CPU][POW&POS] 🌍 WebDollar - Currency of the Internet | in browser - page 20. (Read 43743 times)

newbie
Activity: 77
Merit: 0
Indeed, and the staking can also be done in Pools, so it won't necessarily be like solo if you have a small amount. You just add it with other POS miners and mine in the Pool the POS blocks together. (and you don;t need to actually transfer the WEBDs , you just join the pool with your wallet and that's it)
newbie
Activity: 47
Merit: 0
If you mint a block you get 6k WEBD. At least that's what was said on telegram.
So a lot like solo mining, but instead of hash power determining your chance to find a block, the amount of WEBD in your staking wallet will.
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS
Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.

I don't understand what are you meaning. The mining will be in a cycle of 2 rounds. POW round with 10 blocks and POS round with 20 blocks. That means 33,(3)% POW and 66,(6)% POS

Hm.
May be I don't understand you.
PoW - Proof of work is a mining process in which a user installs a powerful computer or mining rig to solve complex mathematical puzzles (known as proof of work problems). Once several calculations are successfully performed for various transactions, the verified transactions are bundled together and stored on a new ‘block’ on a distributed ledger or public blockchain. Mining verifies the legitimacy of a transaction and creates new currency units.

PoS - Unlike the proof of work system, in which the user validates transactions and creates new blocks by performing a certain amount of computational work, a proof of stake system requires the user to show ownership of a certain number of cryptocurrency units.
The creator of a new block is chosen in a pseudo-random way, depending on the user’s wealth, also defined as ‘stake’. In the proof of stake system, blocks are said to be ‘forged’ or ‘minted’, not mined. Users who validate transactions and create new blocks in this system are referred to as forgers.

So I mean - if I will buy 1 000 000 Webdollars, sent them to my wallet, how many WD will I have through the year ?

Also, how much is 1 000 000 WD in Telegram ?

Deppends. Only 66% of the coins will be mined with POS. From those with 1M webd you will have 1000000/5500000000*100 which is 0.02% chance to catch every single next block
It's a mint probability, 0.02%. The more coins in wallet => the higher chance to get reward for the next stake block.
But I'm asking about annually stake reward, like in other Hybrid PoW/PoS coins. For example NAVcoin, it has 5% stake reward per year. It is not a 5% chance to find next PoS block.
Or it will be like in Whitecoin - "users who keep their wallet open to secure the network via staking will receive 5 XWC for each stake found as reward."
Can you give more technical details: PoS block reward, maturity for stake, etc.
newbie
Activity: 34
Merit: 0
Hey
Thanks for the ann thread! I wann know guys what is the minimum amount needed to invest in order to join the sale? Thanks in advance for your answer! )
newbie
Activity: 27
Merit: 0
interesting project,im try to mined  cpu
newbie
Activity: 232
Merit: 0
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS
Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.

I don't understand what are you meaning. The mining will be in a cycle of 2 rounds. POW round with 10 blocks and POS round with 20 blocks. That means 33,(3)% POW and 66,(6)% POS

Hm.
May be I don't understand you.
PoW - Proof of work is a mining process in which a user installs a powerful computer or mining rig to solve complex mathematical puzzles (known as proof of work problems). Once several calculations are successfully performed for various transactions, the verified transactions are bundled together and stored on a new ‘block’ on a distributed ledger or public blockchain. Mining verifies the legitimacy of a transaction and creates new currency units.

PoS - Unlike the proof of work system, in which the user validates transactions and creates new blocks by performing a certain amount of computational work, a proof of stake system requires the user to show ownership of a certain number of cryptocurrency units.
The creator of a new block is chosen in a pseudo-random way, depending on the user’s wealth, also defined as ‘stake’. In the proof of stake system, blocks are said to be ‘forged’ or ‘minted’, not mined. Users who validate transactions and create new blocks in this system are referred to as forgers.

So I mean - if I will buy 1 000 000 Webdollars, sent them to my wallet, how many WD will I have through the year ?

Also, how much is 1 000 000 WD in Telegram ?

Deppends. Only 66% of the coins will be mined with POS. From those with 1M webd you will have 1000000/5500000000*100 which is 0.02% chance to catch every single next block
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS
Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.

I don't understand what are you meaning. The mining will be in a cycle of 2 rounds. POW round with 10 blocks and POS round with 20 blocks. That means 33,(3)% POW and 66,(6)% POS

Hm.
May be I don't understand you.
PoW - Proof of work is a mining process in which a user installs a powerful computer or mining rig to solve complex mathematical puzzles (known as proof of work problems). Once several calculations are successfully performed for various transactions, the verified transactions are bundled together and stored on a new ‘block’ on a distributed ledger or public blockchain. Mining verifies the legitimacy of a transaction and creates new currency units.

PoS - Unlike the proof of work system, in which the user validates transactions and creates new blocks by performing a certain amount of computational work, a proof of stake system requires the user to show ownership of a certain number of cryptocurrency units.
The creator of a new block is chosen in a pseudo-random way, depending on the user’s wealth, also defined as ‘stake’. In the proof of stake system, blocks are said to be ‘forged’ or ‘minted’, not mined. Users who validate transactions and create new blocks in this system are referred to as forgers.

So I mean - if I will buy 1 000 000 Webdollars, sent them to my wallet, how many WD will I have through the year ?

Also, how much is 1 000 000 WD in Telegram ?
newbie
Activity: 232
Merit: 0
It looks very interesting but you have to list on exchanges as soon as posible. Anyway, I will follow this thread and Discord channel as well. Btw, do you have a twitter account, guys?

Because exchange listings require many resources and we didn't had ICO we did an ecosystem exchange, here is the testnet link http://webdollar-vps5.hopto.org:8080/
After publishing the exchange we will look forward to list on other exchanges too.
newbie
Activity: 17
Merit: 0
wbd is reinveting the wheel. stay tunned in 10 years wbd will be 0.0001$ and you can cash out
newbie
Activity: 26
Merit: 0
It looks very interesting but you have to list on exchanges as soon as posible. Anyway, I will follow this thread and Discord channel as well. Btw, do you have a twitter account, guys?
newbie
Activity: 232
Merit: 0
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS
Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.

I don't understand what are you meaning. The mining will be in a cycle of 2 rounds. POW round with 10 blocks and POS round with 20 blocks. That means 33,(3)% POW and 66,(6)% POS
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS
Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.
newbie
Activity: 232
Merit: 0
Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS, where miners will use the computer power to mine 10 blocks and their stack to mine 20 blocks.

Because some big farms achieved many coins with small costs and they will have many chances to mine with POS ( which can lead to a 50%+1 on the POS ), due to this we found a ideal solution for make a better distribution of the mined coins, we're thinking to use for a while the genesis to mine with POS (which will be ~30% from all coins mined every day) and all mined webds to be used in very big bounties campaigns using our automatic bounty system, which will lead to mass adoption. And a coin which has mass adoption and POS system is very secure because is very hard to make an 50%+1

We truly belive this is the best solution in order to reach mass adoption but we want to listen the voice of our community. Mostly all of the members from telegram Chanel are so excited about this idea.

The hack is explained by the devs if you go through the entire thread. Only malicious and offensive posts might have been moderated.
There are some big changes coming, so stay tuned.

The pools have been working fine now for a very long time (and everyone is mining only in pools, be it public or private). Just go on Telegram, that is the main method of active communication.

Well pointed. Unfortunetly we're not very active in this tread as we are in out telegram channels.

Hey
Thanks for the ann thread! I wann know guys what is the minimum amount needed to invest in order to join the sale? Thanks in advance for your answer! )

Hi, we're not selling coins here and we didn't had any ICO. You can join in the trading telegram group where our miners are trading coins. You can use any amount accepted by our miners.

Yea, not sure how reliable things are with WebDollar anymore. I was waiting for the pool and exchange, but I feel like things just got heavily delayed. With the major of asset owned by a few wallets, not exactly the most "The coin for everyone" application. I have stopped mining since July. Hopefully there will be good news, but until then, I will just observe.

Due to those attacks on the blockchain we had to delay mining pools and exchange. We updated the road map and added new things which we consider good for our ecosystem. There are news in our project. Just read the beggening of this message.

Hiya!
Currently involved with that project, but I'm just worried about a little matter here.. someone has been talking about a "hacking" that occurred a few weeks ago, and apparently those posts are being deleted. If there's been some hacking going on, why should anyone block/delete the users' comments and concerns about this event?
I like this project, really, and I think that there are many smart and user-friendly stuff going on here, but this kind of way of dealing with issues looks kinda "shady" Sad

I do hope that the project is legitimate, though...

Thank you for asking this. We noticed a group of people which now are trying to make a lot of FUD about our project which is unhealthy. You can see in this thread what happened with the attack. It is nothing hidden.
newbie
Activity: 77
Merit: 0
The hack is explained by the devs if you go through the entire thread. Only malicious and offensive posts might have been moderated.
There are some big changes coming, so stay tuned.

The pools have been working fine now for a very long time (and everyone is mining only in pools, be it public or private). Just go on Telegram, that is the main method of active communication.
newbie
Activity: 10
Merit: 0
Yea, not sure how reliable things are with WebDollar anymore. I was waiting for the pool and exchange, but I feel like things just got heavily delayed. With the major of asset owned by a few wallets, not exactly the most "The coin for everyone" application. I have stopped mining since July. Hopefully there will be good news, but until then, I will just observe.
jr. member
Activity: 313
Merit: 8
Hiya!
Currently involved with that project, but I'm just worried about a little matter here.. someone has been talking about a "hacking" that occurred a few weeks ago, and apparently those posts are being deleted. If there's been some hacking going on, why should anyone block/delete the users' comments and concerns about this event?
I like this project, really, and I think that there are many smart and user-friendly stuff going on here, but this kind of way of dealing with issues looks kinda "shady" Sad

I do hope that the project is legitimate, though...
sr. member
Activity: 658
Merit: 250
The use of crypto-conversions is very limited, and this excludes the old generations and the less IT-literate people.
sr. member
Activity: 1015
Merit: 289
You must obviously know how to do things, if you want do them.
If you put aboriginal on your chair it take him long time to even turn on your PC.

Reffering to the difficulty of running own pool in console, it is really easy and pretty well explained here:
https://github.com/cbusuioceanu/How-to-deploy-WebDollar-Pool/blob/master/how-to-deploy-webdollar-pool.md

Tutorial is for linux, but same can be done on WIN10+ in VM or Ubuntu subsystem.

Thanks for the link to the pool instructions. By the way, any infos on the growth of pools - numner of members, hashrate etc.?
member
Activity: 187
Merit: 10
This is real CPU mining, meaning the faster the CPU and the more cores it has the better results will be. Also new CPUs have newer instructions sets which are more efficient. Latest generation of Intel and AMD are the best.
Pools are already available and are working pretty fine. The code is not final (and some features will be added with time) but almost 98% of the miners now mine in pools, so this says a lot about the efficiency of the pools.

Is the mining only done by the CPU ? Doesn't the graphic card have any influence on the hashrate that you can reach?
The graphic card doesn't have any influence on the hash rate.

This is an important point - still largely underestimated by the community. This will prefent rigs owners to harvest all the coins, not to speak about asic owners. Using computer as they are was the original concept of Satoshi Nakamoto.

WebDollar is profitable only with CPU. With GPU video cards it will mine less because it is very important the speed of the cache memory, and the CPU has the fastest speed to access the memory.

This is a very smart solution. Is there any other coins which has already used the same trick with the speed of the cache memory to exclude GPUs?
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