https://www.youtube.com/watch?v=2M9mpTJluTM
Topic: ♘♕♔SWING♚ ♛♞ ▬▬▬▬●Programmatically Fluctuating Miners Cost!●▬▬▬▬ Now On Bittrex! - page 13. (Read 119363 times)
May 23, 2016, 03:11:41 PM
Let's talk more about POW, and what impact removing it would actually have.
https://www.youtube.com/watch?v=2M9mpTJluTM
https://www.youtube.com/watch?v=2M9mpTJluTM
May 22, 2016, 09:41:04 AM
Thanks for the update dev.
Just good to hear you are still active with project.
As you made reference of so many deadbeat devs with P n D scam coins.
Nice to keep stake holders in the loop
Just good to hear you are still active with project.
As you made reference of so many deadbeat devs with P n D scam coins.
Nice to keep stake holders in the loop
May 22, 2016, 08:29:41 AM
Why do you state POW in the Title when there is now POW ?!
There is a POW for the movement of network
else coins will be stucked. 
And whats that then:
The coin will be ICO friendly, meaning. NO POW as with all those big mining farms, it is terrible and it doesn't give people fair chance to mine enough coins, those mining farms are mining 80% of all coins, all for free. only electricity cost and most of the time those big mining farms are located in countries with a electricty cost of almost nothing. So I don't need any mining pools. This is different then with ROSCoin as miners dumped a lot and put some pressure on the ICO price of ROS.
Indeed, i don't need mining pool, people can solo mine those blocks, don't worry, the block values will be like 0.000001
Yeah but why not directly POS then
POW is not necessarily needed for chain movement, lots of POS only coins move flawless too and its much more secure to have a POS only coin instead of a POW/POS Hybrid with 0.000001 rewards where there is a possibility to fork it with big hash especially when there are no pools/big miners.Then again... I just found this post from ocminer (guess you all know him: https://bitcointalksearch.org/user/ocminer-43526). Different coin, but principles should be same, right?
Assuming POS works flawlessly and never has any hangups or speed issues (which it hopefully would) he is correct. POW would not be needed to keep the chain moving. POW does however act like a redundant backup motor in case of POS failures. POS failures are almost always unexpected and unprepared for, which is why as a dev leaving POW in means less stress.
To be clear, I do think setting rewards that low comes with its own set of issues (such as POW difficulty manipulation).
If we were to reduce POW I'd rather see miners earning something like 25% - 50% of what stakeholders do than 1 satoshi POW blocks. That or just end POW.
May 22, 2016, 08:18:05 AM
Why do you state POW in the Title when there is now POW ?!
There is a POW for the movement of network
else coins will be stucked. And whats that then:
The coin will be ICO friendly, meaning. NO POW as with all those big mining farms, it is terrible and it doesn't give people fair chance to mine enough coins, those mining farms are mining 80% of all coins, all for free. only electricity cost and most of the time those big mining farms are located in countries with a electricty cost of almost nothing. So I don't need any mining pools. This is different then with ROSCoin as miners dumped a lot and put some pressure on the ICO price of ROS.
Indeed, i don't need mining pool, people can solo mine those blocks, don't worry, the block values will be like 0.000001
Yeah but why not directly POS then
POW is not necessarily needed for chain movement, lots of POS only coins move flawless too and its much more secure to have a POS only coin instead of a POW/POS Hybrid with 0.000001 rewards where there is a possibility to fork it with big hash especially when there are no pools/big miners.Then again... I just found this post from ocminer (guess you all know him: https://bitcointalksearch.org/user/ocminer-43526). Different coin, but principles should be same, right?
May 22, 2016, 06:07:03 AM
Yeah I'm not too keen on killing POW just yet either. He did state some good upsides, but there are also downsides to that.
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
I think POW is important at the beginning for fair distribution, later I'm not so sure. Anybody who wanted to mine could during those 9 months. Who wants to buy now can (and it is pretty cheap too
As for blockchain strength: is POW really more secure or is it other way around? https://en.bitcoin.it/wiki/Proof_of_Stake
Do we know some examples where POS coins security was compromised?
Yes, miners can spread the word and make coin more popular but at they sell right after they mine they just push price lower.
You know what they say: If you wanna make everybody happy, at the end no one will be
You make good points here. I want to address the following though.
As for blockchain strength: is POW really more secure or is it other way around? https://en.bitcoin.it/wiki/Proof_of_Stake
Do we know some examples where POS coins security was compromised?
To me, it's less about security and more about core stability. It's not that one is better, it's more that I feel BOTH is better than one. If something goes wrong with POS, POW can be used as a tool to keep the chain moving, or kickstart a frozen chain even. If one fails, the other is there to keep the chain moving till the issue resolves itself, or gets patched.
That being said, it should be possible to disable mining and end POW if we decide that's best for the coin, or set POW rewards low to nothing. (Although, there are probably concerns about an active POW with no competition.)
Also, if we were to disable POW, how would we setup POS?
hmm, I didn't think about POS so far....
As for POW as chain mover if something goes wrong: It is might be handy, that's true.
So how about make POW low and fixed, like 0.1 Swing? That would make things as simple as possible + inflation due to POW would be superlow.
And POS... I don't know yet :-)
May 22, 2016, 05:51:08 AM
Yeah I'm not too keen on killing POW just yet either. He did state some good upsides, but there are also downsides to that.
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
I think POW is important at the beginning for fair distribution, later I'm not so sure. Anybody who wanted to mine could during those 9 months. Who wants to buy now can (and it is pretty cheap too
As for blockchain strength: is POW really more secure or is it other way around? https://en.bitcoin.it/wiki/Proof_of_Stake
Do we know some examples where POS coins security was compromised?
Yes, miners can spread the word and make coin more popular but at they sell right after they mine they just push price lower.
You know what they say: If you wanna make everybody happy, at the end no one will be
You make good points here. I want to address the following though.
As for blockchain strength: is POW really more secure or is it other way around? https://en.bitcoin.it/wiki/Proof_of_Stake
Do we know some examples where POS coins security was compromised?
To me, it's less about security and more about core stability. It's not that one is better, it's more that I feel BOTH is better than one. If something goes wrong with POS, POW can be used as a tool to keep the chain moving, or kickstart a frozen chain even. If one fails, the other is there to keep the chain moving till the issue resolves itself, or gets patched.
That being said, it should be possible to disable mining and end POW if we decide that's best for the coin, or set POW rewards low to nothing. (Although, there are probably concerns about an active POW with no competition.)
Also, if we were to disable POW, how would we setup POS?
May 22, 2016, 05:20:06 AM
Yeah I'm not too keen on killing POW just yet either. He did state some good upsides, but there are also downsides to that.
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
I think POW is important at the beginning for fair distribution, later I'm not so sure. Anybody who wanted to mine could during those 9 months. Who wants to buy now can (and it is pretty cheap too
As for blockchain strength: is POW really more secure or is it other way around? https://en.bitcoin.it/wiki/Proof_of_Stake
Do we know some examples where POS coins security was compromised?
Yes, miners can spread the word and make coin more popular but at they sell right after they mine they just push price lower.
You know what they say: If you wanna make everybody happy, at the end no one will be
May 21, 2016, 08:51:07 PM
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
https://www.youtube.com/watch?v=71y4o9XFYr4
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
https://www.youtube.com/watch?v=71y4o9XFYr4
Glad to see you back around murderouskirk, and great vid
I'm not fussed about droping POW either to be honest, it could help to raise prices, it seems there are few pools being used anyway, but that's just my opinion.
Wallet runs great etc, one of the only other things i could say that could help price would be an actual usage other than trading, but as i'm sure you know, it's very
hard to find.
And with just over a million coins produced so far it still seems fairly cheap to me, so i will continue stocking up for now
Thanks!
Yeah I'm not too keen on killing POW just yet either. He did state some good upsides, but there are also downsides to that.
Downsides to removing POW include:
-Decreased blockchain strength
-Less opportunity for miners to get their initial Swing with their rigs
-Fewer pools advertising SWING as a mining option
-No potential swing caused by miners.
I would however be interested in adjusting the miner rewards, maybe favoring POS rewards much more than current rates. Possibly even a significant reduction in POW rewards over POS.
Im interested to hear what you guys think of longer cycles too. Like maybe have POW or POS rewards gradually increase from 0.00 to 9.99 over the course of 1month+, rather than dropping every 1,000 blocks.
I'm also curious how say, increasing rewards linearly over 10 days before dropping from 9.99 to 0.00, would compare to say 30 days. Would one schema produce more coin than the other by the end of the 30 days? etc..
May 21, 2016, 04:47:13 PM
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
https://www.youtube.com/watch?v=71y4o9XFYr4
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
https://www.youtube.com/watch?v=71y4o9XFYr4
Glad to see you back around murderouskirk, and great vid
I'm not fussed about droping POW either to be honest, it could help to raise prices, it seems there are few pools being used anyway, but that's just my opinion.
Wallet runs great etc, one of the only other things i could say that could help price would be an actual usage other than trading, but as i'm sure you know, it's very
hard to find.
And with just over a million coins produced so far it still seems fairly cheap to me, so i will continue stocking up for now
May 21, 2016, 02:22:48 PM
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
Nice update DEV, thanks!
Didn’t know about that rounding bug, that was probably the reason I forked couple of days ago, one mystery solved then :-)
As for reward system: I think Swing is quite mature coin now and we can easily drop POW altogether.
Benefits of that:
- rounding bug: solved :-)
- lower inflation => price rise
- miners not dumping => price rise
Interesting idea, I actually hadn't considered dropping POW rewards altogether. I'm curious what other people think.
May 21, 2016, 08:15:08 AM
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
Nice update DEV, thanks!
Didn’t know about that rounding bug, that was probably the reason I forked couple of days ago, one mystery solved then :-)
As for reward system: I think Swing is quite mature coin now and we can easily drop POW altogether.
Benefits of that:
- rounding bug: solved :-)
- lower inflation => price rise
- miners not dumping => price rise
May 21, 2016, 06:31:27 AM
What's up guys. Hope you're all doing well! I decided to make a video update instead of a big text one.
It's about 13 minutes and I talk about
https://www.youtube.com/watch?v=71y4o9XFYr4
It's about 13 minutes and I talk about
- Block Explorers
- Room For improvement
- Options For Improvement
- Potential Reward Schema / Platform Changes
- My Presence as Lead Dev
- A Call For Devs And Discussion
https://www.youtube.com/watch?v=71y4o9XFYr4
May 18, 2016, 01:24:05 PM
Cryptobe BE is working.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
I don't have a problem kicking in some BTC to help pay for it but a update from the dev first is needed to see if this coin is still a go
Too many coins are going belly up. Don't want to just throw it away to a lost cause. Hope this program is still a go.
The mechanics behind the coin are good
Yeah, coin's great, staking superbly, just DEV is maybe too quiet :-)
May 18, 2016, 07:48:56 AM
Cryptobe BE is working.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
I don't have a problem kicking in some BTC to help pay for it but a update from the dev first is needed to see if this coin is still a go
Too many coins are going belly up. Don't want to just throw it away to a lost cause. Hope this program is still a go.
The mechanics behind the coin are good
May 14, 2016, 08:11:00 PM
Cryptobe BE is working.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
But, chain is nicer. Like many coins,
It may be up to the community for someone to step up, take donations and pay the fee.
Several of us did that in Cap, HBN and Con.
May 14, 2016, 05:54:11 PM
A update would be nice. Or at least a update on the explorer situation.
May 08, 2016, 04:52:16 AM
Hi guys,
while checking staking this morning, I realized I forked (probably at block 218677).
It is quite strange, since I have 10 connections all time...
Any ideas what/why happened?
Maybe you wanna check your clients with explorers so you don't fork also...
https://chainz.cryptoid.info/swing/
http://cryptobe.com/chain/Swing
Anyway: I deleted everything in data dir except wallet and .conf file, redownloaded blockchain and I'm back on right blockchain
I check , to me, all right, but concerns me more, that already month passed from last news from devwhile checking staking this morning, I realized I forked (probably at block 218677).
It is quite strange, since I have 10 connections all time...
Any ideas what/why happened?
Maybe you wanna check your clients with explorers so you don't fork also...
https://chainz.cryptoid.info/swing/
http://cryptobe.com/chain/Swing
Anyway: I deleted everything in data dir except wallet and .conf file, redownloaded blockchain and I'm back on right blockchain
and Hosting for this Blockchain has Expired(chainz.cryptoid.info)
"
Hosting for this blockchain has expired since...
2016-05-05
(3 days ago)"
May 08, 2016, 02:05:26 AM
Hi guys,
while checking staking this morning, I realized I forked (probably at block 218677).
It is quite strange, since I have 10 connections all time...
Any ideas what/why happened?
Maybe you wanna check your clients with explorers so you don't fork also...
https://chainz.cryptoid.info/swing/
http://cryptobe.com/chain/Swing
Anyway: I deleted everything in data dir except wallet and .conf file, redownloaded blockchain and I'm back on right blockchain
while checking staking this morning, I realized I forked (probably at block 218677).
It is quite strange, since I have 10 connections all time...
Any ideas what/why happened?
Maybe you wanna check your clients with explorers so you don't fork also...
https://chainz.cryptoid.info/swing/
http://cryptobe.com/chain/Swing
Anyway: I deleted everything in data dir except wallet and .conf file, redownloaded blockchain and I'm back on right blockchain
March 28, 2016, 05:14:28 PM
My wallet got stuck... The download of blocks stopped at block 128151 --- 33 days out of sync.
The wallet software writes, that it is catching up... but nothing happens... there are 8 active connections.
Did anybody have something similar?
The wallet software writes, that it is catching up... but nothing happens... there are 8 active connections.
Did anybody have something similar?
Delete all of the AppData, except wallet.dat wallet and run wallet again.
He should re-download all the blocks.
hey... this worked great... and no coins dissapeared..
thx
March 28, 2016, 07:37:20 AM
My wallet got stuck... The download of blocks stopped at block 128151 --- 33 days out of sync.
The wallet software writes, that it is catching up... but nothing happens... there are 8 active connections.
Did anybody have something similar?
The wallet software writes, that it is catching up... but nothing happens... there are 8 active connections.
Did anybody have something similar?
Delete all of the AppData, except wallet.dat wallet and run wallet again.
He should re-download all the blocks.
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