[ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 166.

Evil-Knievel

legendary

Activity: 1260

Merit: 1168

Quote from: wwdz99 on January 31, 2017, 11:02:35 PM

Hi EK,I see last week the elastic-core's github updated some fixes during long time silent,It's ready for lauch mainnet february?

I am setting up some testnet nodes ~~today or~~ tomorrow, so we can test the super node approach. But before we can test them, we need to get the super node software (the verifier or however we want to call it) done - we work with two people on it and it should be finished soon.

That doesn't mean that we cannot launch the next generation of the testnet before though ;-) it's just that we can't test the work distribution / verification mechanism without this software.

spark.bet

full member

Activity: 155

Merit: 100

How is the distribution ico?

coralreefer

sr. member

Activity: 464

Merit: 260

Quote from: tomkat on February 01, 2017, 12:13:53 PM

Quote from: coralreefer on February 01, 2017, 11:58:48 AM

Quote from: bspus on February 01, 2017, 11:53:17 AM

Quote from: tomkat on February 01, 2017, 07:54:39 AM

Quote from: provenceday on February 01, 2017, 07:49:31 AM

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

Are you sure? I think it's rather mixed POS/POW.
POW for mining bounties, and POS for regular wallets.
Not sure what's POS rate though, anyone knows?

I was under the impression that no XEL is to be created beyond the initial supply in the genesis block.

At least that was the plan months ago and I think it was explicitly mentioned that 5 mil XEL is all there will be.
Back then, that was to be the supply, now that has been changed to 100 mil but still, a constant.
Is that still the case?

The PoW mentioned is not real PoW as it is not work done to secure the blockchain but work done for orders, paid for in XEL.
So the supply of XEL will be constantly circulating either by trading or as work payment.

I suppose there is also need to secure the blockchain to prevent double spending and such but I don't know what is planned for that.

Just because XEL uses POW does not mean it generates new coins. In XEL, the Proof of Work is proof that the miner actually ran the complete ElasticPL code; rather than just submitting some random solution. Miners will get paid in XEL by the author of the job for running the miner.

Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?

Yes, POS is the only thing used to secure the blockchain. I didn't work on the core server, so EK will need to provide the rate/reward details.

The mining is a service that XEL provides to authors of jobs. The work performed by the miner does not contribute in any way to securing the blockchain. It's simply a value added service that runs on this blockchain which consists of POW mining along with Bounties for valid ElasticPL solutions.

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: coralreefer on February 01, 2017, 11:58:48 AM

Quote from: bspus on February 01, 2017, 11:53:17 AM

Quote from: tomkat on February 01, 2017, 07:54:39 AM

Quote from: provenceday on February 01, 2017, 07:49:31 AM

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

Are you sure? I think it's rather mixed POS/POW.
POW for mining bounties, and POS for regular wallets.
Not sure what's POS rate though, anyone knows?

I was under the impression that no XEL is to be created beyond the initial supply in the genesis block.

At least that was the plan months ago and I think it was explicitly mentioned that 5 mil XEL is all there will be.
Back then, that was to be the supply, now that has been changed to 100 mil but still, a constant.
Is that still the case?

The PoW mentioned is not real PoW as it is not work done to secure the blockchain but work done for orders, paid for in XEL.
So the supply of XEL will be constantly circulating either by trading or as work payment.

I suppose there is also need to secure the blockchain to prevent double spending and such but I don't know what is planned for that.

Just because XEL uses POW does not mean it generates new coins. In XEL, the Proof of Work is proof that the miner actually ran the complete ElasticPL code; rather than just submitting some random solution. Miners will get paid in XEL by the author of the job for running the miner.

Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?

coralreefer

sr. member

Activity: 464

Merit: 260

Quote from: bspus on February 01, 2017, 11:53:17 AM

Quote from: tomkat on February 01, 2017, 07:54:39 AM

Quote from: provenceday on February 01, 2017, 07:49:31 AM

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

Are you sure? I think it's rather mixed POS/POW.
POW for mining bounties, and POS for regular wallets.
Not sure what's POS rate though, anyone knows?

I was under the impression that no XEL is to be created beyond the initial supply in the genesis block.

At least that was the plan months ago and I think it was explicitly mentioned that 5 mil XEL is all there will be.
Back then, that was to be the supply, now that has been changed to 100 mil but still, a constant.
Is that still the case?

The PoW mentioned is not real PoW as it is not work done to secure the blockchain but work done for orders, paid for in XEL.
So the supply of XEL will be constantly circulating either by trading or as work payment.

I suppose there is also need to secure the blockchain to prevent double spending and such but I don't know what is planned for that.

Just because XEL uses POW does not mean it generates new coins. In XEL, the Proof of Work is proof that the miner actually ran the complete ElasticPL code; rather than just submitting some random solution. Miners will get paid in XEL by the author of the job for running the miner.

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: tomkat on February 01, 2017, 07:54:39 AM

Quote from: provenceday on February 01, 2017, 07:49:31 AM

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

Are you sure? I think it's rather mixed POS/POW.
POW for mining bounties, and POS for regular wallets.
Not sure what's POS rate though, anyone knows?

I was under the impression that no XEL is to be created beyond the initial supply in the genesis block.

At least that was the plan months ago and I think it was explicitly mentioned that 5 mil XEL is all there will be.
Back then, that was to be the supply, now that has been changed to 100 mil but still, a constant.
Is that still the case?

The PoW mentioned is not real PoW as it is not work done to secure the blockchain but work done for orders, paid for in XEL.
So the supply of XEL will be constantly circulating either by trading or as work payment.

I suppose there is also need to secure the blockchain to prevent double spending and such but I don't know what is planned for that.

hagie

hero member

Activity: 792

Merit: 501

Hi,

after some time I like to setup a public testnet node again. atm it looks like the testent default peers are down ?

anyone got working peers for me ?

regards

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: provenceday on February 01, 2017, 07:49:31 AM

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

Are you sure? I think it's rather mixed POS/POW.
POW for mining bounties, and POS for regular wallets.
Not sure what's POS rate though, anyone knows?

provenceday

legendary

Activity: 1148

Merit: 1000

Quote from: shapeshiftscam on February 01, 2017, 07:25:58 AM

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.

shapeshiftscam

hero member

Activity: 609

Merit: 500

Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: bspus on January 31, 2017, 11:56:35 PM

Quote from: ImI on January 31, 2017, 04:55:08 PM

Price per computational unit is not fixed. Its a bidding process, as price per XEL rises price for computational work declines.

All these topics have been discussed long time ago and were one of the reasons to choose a higher XEL supply as obv there is a lower limit to any bid which is 1 XEL.

Really? Isn't XEL divisible like other coins?

Yes, i was wrong. Its divisible.

coralreefer

sr. member

Activity: 464

Merit: 260

Quote from: jaroag on January 31, 2017, 09:58:57 PM

Quote from: coralreefer on January 31, 2017, 09:49:32 PM

Quote from: jaroag on January 31, 2017, 09:35:16 PM

Hello guys!

Need help with the miner setup on mac

Code:

:build $ make
[ 42%] Built target jansson
[ 46%] Linking C executable ../xel_miner
Undefined symbols for architecture x86_64:
  "_dlmopen", referenced from:
      _create_instance in xel_compiler.c.o
ld: symbol(s) not found for architecture x86_64
clang: error: linker command failed with exit code 1 (use -v to see invocation)
make[2]: *** [../xel_miner] Error 1
make[1]: *** [CMakeFiles/xel_miner.dir/all] Error 2
make: *** [all] Error 2

It seems a problem with dlmopen, any idea?

Thanks!!

I don't have a mac so I can't help. Just make sure you follow the following directions:

http://elastic-project.com/mining

Just followed step by step :-(

Code:

:build $ OPENSSL_ROOT_DIR=/usr/local/opt/openssl/ cmake ..
-- CURL: Found
-- SSL: [b]Not Found![/b] ?
-- Configuring done
-- Generating done
-- Build files have been written to: /Users/xel_miner/build

BTW, awesome project!

That error message says you don't have OpenSSL installed, so it looks like you've missed a step somewhere.

provenceday

legendary

Activity: 1148

Merit: 1000

so what's the final decision on supernode?

thank you

cybterpunk

full member

Activity: 414

Merit: 101

this is one of the most interesting project this year!

XEL is coming in 2017.

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: ImI on January 31, 2017, 04:55:08 PM

Price per computational unit is not fixed. Its a bidding process, as price per XEL rises price for computational work declines.

All these topics have been discussed long time ago and were one of the reasons to choose a higher XEL supply as obv there is a lower limit to any bid which is 1 XEL.

Really? Isn't XEL divisible like other coins?

wwdz99

sr. member

Activity: 243

Merit: 250

Quote from: Evil-Knievel on January 29, 2017, 11:20:48 AM

Quote from: drays on January 29, 2017, 10:21:18 AM

How things are going with supernodes implementation? I got an impression it was actually decided to go that route, is that correct?

Also, is 300K collateral is decided, or its under question still? I wrote a small suggestion on this few pages back, but it got immediately buried under other posts, I just woke nder if something like that could be considered, or it is not doable, or not going to work?

The supernode infrastructure (so basically the core client) is basically done, I try to keep up with the inofficial deadline of tomorrow.
However, like we said earlier, new TODOs may arise and so far, the one TODO that is still open is getting the "supernode verifier" done. Don't worry, it's not a big deal because it will be just integrated into the miner.

Let me quickly check the message you're referring to!

Hi EK,I see last week the elastic-core's github updated some fixes during long time silent,It's ready for lauch mainnet february?

jaroag

newbie

Activity: 22

Merit: 0

Quote from: coralreefer on January 31, 2017, 09:49:32 PM

Quote from: jaroag on January 31, 2017, 09:35:16 PM

Hello guys!

Need help with the miner setup on mac

Code:

:build $ make
[ 42%] Built target jansson
[ 46%] Linking C executable ../xel_miner
Undefined symbols for architecture x86_64:
  "_dlmopen", referenced from:
      _create_instance in xel_compiler.c.o
ld: symbol(s) not found for architecture x86_64
clang: error: linker command failed with exit code 1 (use -v to see invocation)
make[2]: *** [../xel_miner] Error 1
make[1]: *** [CMakeFiles/xel_miner.dir/all] Error 2
make: *** [all] Error 2

It seems a problem with dlmopen, any idea?

Thanks!!

I don't have a mac so I can't help. Just make sure you follow the following directions:

http://elastic-project.com/mining

Just followed step by step :-(

Code:

:build $ OPENSSL_ROOT_DIR=/usr/local/opt/openssl/ cmake ..
-- CURL: Found
-- SSL: [b]Not Found![/b] ?
-- Configuring done
-- Generating done
-- Build files have been written to: /Users/xel_miner/build

BTW, awesome project!

coralreefer

sr. member

Activity: 464

Merit: 260

Quote from: jaroag on January 31, 2017, 09:35:16 PM

Hello guys!

Need help with the miner setup on mac

Code:

:build $ make
[ 42%] Built target jansson
[ 46%] Linking C executable ../xel_miner
Undefined symbols for architecture x86_64:
  "_dlmopen", referenced from:
      _create_instance in xel_compiler.c.o
ld: symbol(s) not found for architecture x86_64
clang: error: linker command failed with exit code 1 (use -v to see invocation)
make[2]: *** [../xel_miner] Error 1
make[1]: *** [CMakeFiles/xel_miner.dir/all] Error 2
make: *** [all] Error 2

It seems a problem with dlmopen, any idea?

Thanks!!

I don't have a mac so I can't help. Just make sure you follow the following directions:

http://elastic-project.com/mining

jaroag

newbie

Activity: 22

Merit: 0

Hello guys!

Need help with the miner setup on mac

Code:

:build $ make
[ 42%] Built target jansson
[ 46%] Linking C executable ../xel_miner
Undefined symbols for architecture x86_64:
"_dlmopen", referenced from:
_create_instance in xel_compiler.c.o
ld: symbol(s) not found for architecture x86_64
clang: error: linker command failed with exit code 1 (use -v to see invocation)
make[2]: *** [../xel_miner] Error 1
make[1]: *** [CMakeFiles/xel_miner.dir/all] Error 2
make: *** [all] Error 2

It seems a problem with dlmopen, any idea?

Thanks!!

ImI

legendary

Activity: 1946

Merit: 1019

Price per computational unit is not fixed. Its a bidding process, as price per XEL rises price for computational work declines.

All these topics have been discussed long time ago and were one of the reasons to choose a higher XEL supply as obv there is a lower limit to any bid which is 1 XEL.

Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 166. (Read 450524 times)