[BRK] Breakout Chain | Coin Sale Complete | Multicurrencies | Gaming + eSports - page 186.

brother3

hero member

Activity: 980

Merit: 500

Quote from: jeewaka on June 21, 2016, 09:41:14 PM

Quote from: Perryl on June 21, 2016, 08:04:34 PM

Quote from: BreakoutCoin on June 21, 2016, 05:41:58 PM

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Thanks. I did not see that before. Still, I am unable to get mining working. There was no conf file in roaming and I have no idea what a "breakoutrpc" is. I added a conf file to roaming and assumed breakoutrpc is referring to my wallet address, but no luck so far. I'm just trying to use my CPU right now.
The error I'm getting from cpuminer is "no payout address provided switching to getwork". Any help would be appreciated.

I too have no clue to mine as per the instructions the link for the miner is not compiled. Is there a direct link to download the miner for windows?

Try this miner

Download
========
* Binary releases: https://github.com/LucasJones/cpuminer-multi/releases
* Windows releases: https://github.com/tpruvot/cpuminer-multi/releases
* Git tree: https://github.com/LucasJones/cpuminer-multi
* Clone with `git clone https://github.com/LucasJones/cpuminer-multi`

cryptonoob312

sr. member

Activity: 518

Merit: 250

what was the ico price in satoshis for First Coin Sale long time ago? just wondering.

EDIT: nvm I found it.

jeewaka

sr. member

Activity: 248

Merit: 250

Quote from: Perryl on June 21, 2016, 08:04:34 PM

Quote from: BreakoutCoin on June 21, 2016, 05:41:58 PM

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Thanks. I did not see that before. Still, I am unable to get mining working. There was no conf file in roaming and I have no idea what a "breakoutrpc" is. I added a conf file to roaming and assumed breakoutrpc is referring to my wallet address, but no luck so far. I'm just trying to use my CPU right now.
The error I'm getting from cpuminer is "no payout address provided switching to getwork". Any help would be appreciated.

I too have no clue to mine as per the instructions the link for the miner is not compiled. Is there a direct link to download the miner for windows?

coinbuyer2580

sr. member

Activity: 276

Merit: 250

Quote from: Perryl on June 21, 2016, 08:04:34 PM

Quote from: BreakoutCoin on June 21, 2016, 05:41:58 PM

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Thanks. I did not see that before. Still, I am unable to get mining working. There was no conf file in roaming and I have no idea what a "breakoutrpc" is. I added a conf file to roaming and assumed breakoutrpc is referring to my wallet address, but no luck so far. I'm just trying to use my CPU right now.
The error I'm getting from cpuminer is "no payout address provided switching to getwork". Any help would be appreciated.

create shortcut of Breakout-coin.exe -> right click shortcut and select properties -> add -server at end of target and click apply -> create breakout.conf file in roaming folder [ search %appdata% to find folder]

conf file example

Code: (breakout.conf)

rpcuser=changethisuser
rpcpassword=changethispass
daemon=1
server=1
debug=0
defaultcurrency=BRK
defaultstake=BRX
testnet=0

then create startmine.bat file in cgminer folder and add this

Code:

cgminer.exe -o 127.0.0.1:50542 -u changethisuser -p changethispass

Perryl

sr. member

Activity: 504

Merit: 250

Quote from: BreakoutCoin on June 21, 2016, 05:41:58 PM

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Thanks. I did not see that before. Still, I am unable to get mining working. There was no conf file in roaming and I have no idea what a "breakoutrpc" is. I added a conf file to roaming and assumed breakoutrpc is referring to my wallet address, but no luck so far. I'm just trying to use my CPU right now.
The error I'm getting from cpuminer is "no payout address provided switching to getwork". Any help would be appreciated.

ofortuna

sr. member

Activity: 252

Merit: 250

Quote from: Mr.Ease on June 21, 2016, 07:48:50 PM

Quote from: coinbuyer2580 on June 21, 2016, 06:46:09 PM

Quote from: coinbuyer2580 on June 21, 2016, 06:40:18 PM

Quote from: copychicken on June 21, 2016, 06:26:54 PM

the conf file is... breakoutcoin.conf? or breakout.conf? of Breakout.conf?

breakout.conf

I have been mining with my little gridseed for about 15 hours which net me 1400 SIS but there aren't any transactions happening on the chain so 0 fees have been scavenged.

Is it possible to rent a miner and point it at the wallet? I would also like to mine sis.
Anyone know how it's done?

Everything you ever wanted to know about SiS

Mr.Ease

hero member

Activity: 1596

Merit: 534

Quote from: coinbuyer2580 on June 21, 2016, 06:46:09 PM

Quote from: coinbuyer2580 on June 21, 2016, 06:40:18 PM

Quote from: copychicken on June 21, 2016, 06:26:54 PM

the conf file is... breakoutcoin.conf? or breakout.conf? of Breakout.conf?

breakout.conf

I have been mining with my little gridseed for about 15 hours which net me 1400 SIS but there aren't any transactions happening on the chain so 0 fees have been scavenged.

Is it possible to rent a miner and point it at the wallet? I would also like to mine sis.
Anyone know how it's done?

brother3

hero member

Activity: 980

Merit: 500

From Bittrex's Slack

coinbuyer2580

sr. member

Activity: 276

Merit: 250

Quote from: coinbuyer2580 on June 21, 2016, 06:40:18 PM

Quote from: copychicken on June 21, 2016, 06:26:54 PM

the conf file is... breakoutcoin.conf? or breakout.conf? of Breakout.conf?

breakout.conf

I have been mining with my little gridseed for about 15 hours which net me 1400 SIS but there aren't any transactions happening on the chain so 0 fees have been scavenged.

coinbuyer2580

sr. member

Activity: 276

Merit: 250

Quote from: copychicken on June 21, 2016, 06:26:54 PM

the conf file is... breakoutcoin.conf? or breakout.conf? of Breakout.conf?

breakout.conf

copychicken

hero member

Activity: 784

Merit: 1000

Pools Of Honor

the conf file is... breakoutcoin.conf? or breakout.conf? of Breakout.conf?

brother3

hero member

Activity: 980

Merit: 500

Quote from: Dinosaur on June 21, 2016, 05:47:19 PM

Does anyone know the total btc invested?

Dinosaur

member

Activity: 70

Merit: 10

Does anyone know the total btc invested?

brother3

hero member

Activity: 980

Merit: 500

Quote from: BreakoutCoin on June 21, 2016, 05:41:58 PM

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Done! See post #8

BreakoutCoin

full member

Activity: 204

Merit: 100

Quote from: Perryl on June 21, 2016, 05:33:52 PM

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

Page 2 of the thread. We'll bump it up.

https://bitcointalksearch.org/topic/m.15186363

Perryl

sr. member

Activity: 504

Merit: 250

Quote from: BreakoutCoin on June 21, 2016, 05:28:15 PM

Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK,BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

Good info.

Do you ever plan on telling us how to mine SIS? Many people have posted here asking how to do it. We're clearly interested, but aside from "coming soon" in the OP we have no information. I'm sure some people just naturally know how but I'm not one of them.

BreakoutCoin

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Quote from: coinbuyer2580 on June 21, 2016, 11:19:37 AM

Quote from: BreakoutCoin on June 21, 2016, 11:09:34 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:58:02 AM

Quote from: fragout on June 21, 2016, 09:43:39 AM

Quote from: coinbuyer2580 on June 21, 2016, 09:34:01 AM

Can someone explain Sistercoin to me a little more clearly, I have read all the information provided and am still confused about it.

From what I can gather PoW rewards SIS but you only earn transaction fees if there are any in that block which seems like a very small reward for running my gear. What can you do with Sistercoin? do they stake like BRX?

The transaction fees you earn are BRK and only POW earns these. As for sistercoin, there is just a hope it will be use in the future for something. It is not the primary reason to POW

So to run my gear and burn hydro I get "rewarded" with something with no inherent value and dust. that doesn't seem like a fair trade to me. That can't be the system they designed I hope they add Sis somewhere in the game betting platform.

We won't add SIS in the gaming platform, although we will fully support it. Obviously, mining SIS is not for everyone.

Ok, so what is the intended purpose of SIS? From what I have inferred from the white paper it appears that it can be used to pay fees which would then reward a miner with BRK converted from SIS, is that its only function? On the webpage SIS is described as a POS coin, so does it stake? Information about this part of the chain is quite vague so I just need some clarity.

SIS is a Proof-of-Work (PoW) coin. It in no way can be interconverted with any other currency. SIS is rewarded to miners for finding blocks and provides PoW security for the chain. It is actively being mined and has been since launch was announced.

Currently mining SIS is the only way the chain moves. SIS is the only PoW currency on the chain. Only 21M SIS will ever be in existence. Just like Bitcoin, a SIS block is mined on average every 10 minutes and starts with a 50 SIS per block reward. SIS can also be minted via Proof-of-Stake (PoS) by playing cards. Staking playing cards is the only way PoS can mint SIS. Playing cards mature after about 48 days and mint just over twice the PoW block reward. All told, the cards mint a very small fraction (a little more than 1%) of the SIS and do so just to make the cards a little more interesting.

Why would you want to mine SIS? SIS will be fully supported by infrastructure that supports Breakout Chain, which is the blockchain carrying BRK, BRX, SIS, and the Deck of cards. Also SIS is required to pay transaction fees for sending cards. Other than that, SIS does not interconvert or interact with BRK or BRX and is not integral to the adoption strategies of the Breakout Coin company.

One incentive to mine SIS is that only PoW miners can collect transaction fees in any currency on the chain. PoS miners can not collect any fees, and any fees paid on transactions that enter PoS blocks are locked until a PoW miner collects them. This deferral of fee collection for PoW miners is called "fee scavenging".

It is possible that SIS could be like many other cryptocurrencies and acquire a community around it, be listed on exchanges, or accepted by some vendors. Such uses will not be actively pursued by Breakout Coin, however, but may be facilitated if these efforts align with our goals to support the infrastructure, brand building, and adoption of Breakout Chain in general.

brother3

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