Slimcoin | First Proof of Burn currency | Decentralized Web - page 91.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: statdude on August 28, 2017, 04:59:28 PM

Do I need to leave the wallet open all the time or just once and a while?

The more time you leave the wallet open, the more chances are you get rewards. You only compete for rewards while your wallet is open. So you get the best ROI if you mint 24/7, but also minting 12 hours a day should be enough to make some profit, but it will take longer.

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Whats the most current working wallet link?

Look here: https://github.com/slimcoin-project/Slimcoin/releases/

Version 0.5 is working well, so you should download this one.

statdude

legendary

Activity: 1498

Merit: 1000

Quote from: d5000 on August 22, 2017, 03:19:30 PM

Quote from: statdude on August 22, 2017, 02:14:34 PM

I bought some but not sure whether to just hold or do something else with these coins. im trying to hold long term, but unsure of hold long proof of burn lasts to get my coins back.

Burnt coins decay over time, but you have "burn power" with every burnt coin for more than 2 years.

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any ideas? do i need to keep the wallet installed on my pc to make burn work, or is it attached to the address i can import anywhere? Link to QA would be helpful.

Burn minting is similar to PoS minting. To find blocks, you must run your wallet on your computer.

A guide is here: http://slimco.in/proof-of-burn-guide/

And here you have an explanation of the process: http://slimco.in/proof-of-burn-eli5/

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What is the effective annual interest rate on burned coins?

There is a burn rewards calculator at http://slimcoin.club that can give you a rough estimation. However, there is no fixed "interest rate". The ROI depends on the number of coins burnt by all users together and the number of those that are effectively minting (if there are more, you have less chances to find blocks, and vice versa). If you mint 24/7 and burn a considerable amount of coins (>1000) then you should get back your investment in less than 6 months (last time I minted it needed about 2-3 months, but now are more people minting), and from there on it's all profit.

Do I need to leave the wallet open all the time or just once and a while?

Whats the most current working wallet link?

gjhiggins

legendary

Activity: 2254

Merit: 1290

Sterlingcoin is being delisted by Cryptopia and they paid for their listing.

Quote from: Sterlingcoin on August 20, 2017, 03:23:11 PM

Quote

Sterlingcoin is being delisted due to a combination of low connections and the network not being secure. We have had to increase the confirmation requirement for many of our coins to 200 confirmations following an ongoing series of 51% attacks on these less secure networks and unfortunately SLG is among the list.

It is unfeasible to keep this high level of confirmations and as the attacks are ongoing, the resources being spent to protect against this, as well as the support load from users complaining because their deposits are taking too long to confirm is the main reason these coins are now being delisted.

I appreciate you reaching out and offering assistance, however we have no issue with the wallet and it is online and operational for users to withdrawal their coins.

Inverse ordering by "Wallet Status" on https://www.cryptopia.co.nz/CoinInfo/ brings “Delisting” to the top and filtering out those with 0 connections or POW, gives an interesting list of candidates.

Cheers

Graham

temple

hero member

Activity: 1428

Merit: 538

Quote from: Miner2525 on August 26, 2017, 06:57:18 PM

Quote from: gjhiggins on August 25, 2017, 01:51:02 PM

Quote from: dzarmush on August 25, 2017, 01:20:45 PM

Quote from: gjhiggins on August 25, 2017, 12:50:59 PM

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

It means all decentralized exchanges currently use reserves to represent the money being exchanged and is not a true decentralized atomic swap exchange. I'm guessing BarterDEX clams to be of the latter.

That is true. The nut of a truly decentralized exchange hasn't been cracked yet. It comes with problems, among which are certainly scalability. You can't do high frequency trading because of the required validation (confirmation) time of transactions.

Miner2525

full member

Activity: 204

Merit: 100

Quote from: gjhiggins on August 25, 2017, 01:51:02 PM

Quote from: dzarmush on August 25, 2017, 01:20:45 PM

Quote from: gjhiggins on August 25, 2017, 12:50:59 PM

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

It means all decentralized exchanges currently use reserves to represent the money being exchanged and is not a true decentralized atomic swap exchange. I'm guessing BarterDEX clams to be of the latter.

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: dzarmush on August 25, 2017, 02:23:15 PM

What does this quote means regarding KMD BarterDEX that require a coin to have gettxout RPC call?

I have no knowledge of KMD BarterDEX, I tried reading their white paper but it made little sense to me. At least I tried.

Slimcoin's JSON-RPC API does not include a gettxout call.

That's the lacuna that ACME addresses.

Cheers

Graham

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: muf18 on August 25, 2017, 02:23:42 PM

I suggested for C-CEX, to add Slimcoin to vote process for getting on their exchange.
They accept it - and you can vote for it (with free votes and paid votes via BTC)
https://c-cex.com/?id=vote

7 coins with over 1 btc votes. That's hard to compete.

muf18

sr. member

Activity: 882

Merit: 310

I suggested for C-CEX, to add Slimcoin to vote process for getting on their exchange.
They accept it - and you can vote for it (with free votes and paid votes via BTC)
https://c-cex.com/?id=vote

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: gjhiggins on August 25, 2017, 01:51:02 PM

Quote from: dzarmush on August 25, 2017, 01:20:45 PM

Quote from: gjhiggins on August 25, 2017, 12:50:59 PM

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

What does this quote means regarding KMD BarterDEX that require a coin to have gettxout RPC call?

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: dzarmush on August 25, 2017, 01:20:45 PM

Quote from: gjhiggins on August 25, 2017, 12:50:59 PM

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: gjhiggins on August 25, 2017, 12:50:59 PM

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

Cheers

Graham

It means no BarterDEX trading for us?

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: keliokan on August 25, 2017, 09:38:18 AM

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

Cheers

Graham

muf18

sr. member

Activity: 882

Merit: 310

Quote from: gavrilo77 on August 25, 2017, 09:29:12 AM

https://bitcointalk.org/index.php?topic=1948108.new#new

It doesn't make a sense. Everybody there will just shill their own coin or if they have particular interest in it. I say, we should make our own, and we will get recognize, and if not I'll do marketing.

keliokan

jr. member

Activity: 86

Merit: 1

Hi all,

I am trying to get arround an error.
I am using UNOMP to setup a pool. But i have an error with the RPC command:
result:null, error: {code -32700, message: 'parse error"}

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

(i am using the last version of the linux wallet : SLMv0.5.0-15-g2668a530-alpha)

thanks

Kel.

gavrilo77

hero member

Activity: 819

Merit: 502

https://bitcointalk.org/index.php?topic=1948108.new#new

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: dzarmush on August 03, 2017, 09:57:18 AM

Does Slim have gettxout RPC call?
Can we provide jl777 with equivalent to: {"coin":"LTC", "name":"litecoin", "rpcport":9332, "pubtype":48, "p2shtype":5, "wiftype":176, "txfee":100000 }?
We can make Slim tradable on KMD Barter DEX. I think it would be great.

I'm not sure if my post was just missed or ignored on purpose ) Do you think it'd be good for Slim to be added on KMD BartexDEX? We would need to provide jl777 some info.

https://twitter.com/KomodoPlatform/status/900786549461221376

If we can get it done I think SLim will get a lot of attention from the right people. First of all devs and crypto long timers that gather around jl777. Isn't exactly what Slim needs right now. Not some paid marketing but naturally grow awareness among people who's been around since 2011-2013.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: NoxX on August 25, 2017, 04:40:58 AM

I assume mining through the wallet is CPU only? The OP says "Another highlight is the DCrypt algorithm, which is one of the most difficult algorithms to implement in an ASIC and suitable for CPU and GPU mining", is there GPU mining yet?

Here's PoW mining guide: http://slimco.in/mining-guide/

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: NoxX on August 25, 2017, 04:40:58 AM

I assume mining through the wallet is CPU only? The OP says "Another highlight is the DCrypt algorithm, which is one of the most difficult algorithms to implement in an ASIC and suitable for CPU and GPU mining", is there GPU mining yet?

From the Slimcoin white paper:

The Dcrypt algorithm is an algorithm that uses SHA256 internally. What makes this algorithm FPGA/ASIC resistant is they way it was designed. It is unknown beforehand how many internal SHA256 hashes will be calculated It is unknown beforehand how much system memory will be required Large amounts of memory IO is required Each next step of the Dcrypt algorithm requires the result of the previous step, making parallelization difficult/impossible The final step of Dctypt is to SHA256 hash a large generated piece of data of variable size

There are references around to a PDF white paper on Dcrypt itself but not even archive.org has a copy :-(

Cheers

Graham

muf18

sr. member

Activity: 882

Merit: 310

Updated version of Slimcoin Client AIO Project for Windows (X86/X64) - tested everything works ok.
40mb more, because of bigger blockchain.

https://mega.nz/#!9zRhRC7K!xygP2QNOARCPdVuSutljTdAYZkzNvBJjkB6nvU_LPxU

Google drive:

https://drive.google.com/open?id=0Bz8rq8XhBF7Ad1Z4b1RlMFN0Q2c

NoxX

sr. member

Activity: 462

Merit: 252

Quote from: gjhiggins on August 25, 2017, 04:09:34 AM

Quote from: NoxX on August 25, 2017, 02:15:40 AM

I tried to understand from the OP, but I am still not entirely sure how Slimcoin works.

Not an unusual experience, the ANN is gradually being improved.

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I need coins to burn coins to (maybe) get more coins, correct?

No “maybe” about it. The algorithm that controls the coin emissions ensures you get more coins back than you burn.

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How do I get my initial coins then?

By mining: use the console to issue the the command setgenerate true 1. Or purchase some from novaexchange.com

Previous posts discuss how much to expect, how frequently and over what time period,

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And is this essentially like gambling, where I might get more out than I put in, or I might get less if I'm unlucky?

Not like gambling at all. There's a calculated emission rate, it's split between mint-by-proof-of-burn, mint-by-proof-of-stake and mint-by-proof-of-work rewards, the balance between them shifts but in the end, you'll get your calculated share.

Cheers

Graham

Thank you for the answers, very helpful!

I assume mining through the wallet is CPU only? The OP says "Another highlight is the DCrypt algorithm, which is one of the most difficult algorithms to implement in an ASIC and suitable for CPU and GPU mining", is there GPU mining yet?

Topic: Slimcoin | First Proof of Burn currency | Decentralized Web - page 91. (Read 137076 times)