[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 106.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: traumschiff on September 04, 2015, 06:10:43 AM

Quote from: pallas on September 04, 2015, 05:46:53 AM

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

Generating PoS blocks for the incentive system would meant they take away blocks from stakers (since there is obviously a fixed block generation rate/time) and PoS blocks are lowish in value anyway since it's 0.7% annual stake.

Taking away % from the PoW (5% was used in the paper as an example) seems esier to accomplish, or am I missing something?

5% is an example. In the real world the % would be much higher to facilitate distribution (up to 50% of the coinbase reward is acceptable). When the final variables are finalised the rough draft will be updated accordingly. Cool

Thank you for your support.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: pallas on September 04, 2015, 05:46:53 AM

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

Because it's not what Proof-of-Stake was designed to do. This solution has already been coded and is in testing stage. Cool

Thank you for your support.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: thefix on September 04, 2015, 05:12:25 PM

Quote from: h1gh1s6 on September 04, 2015, 07:32:51 AM

Quote

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

I don't believe there are as many of these out there as we all thought there would be. I think many have been discarded or are no longer operational. The network hashrate has barely changed since FPGA code came out and you can't find used ones anywhere. I believe most people are still using GPU.

I noticed a significant jump in hash rate as soon as FPGAS came into the mix

Incorrect, the hasrate/difficulty went down because a chinese GPU farm got kicked off the network via pool ban for stealing shares. Since then the difficulty has gone sideways. Check the block chain, it will concur. Cool

Thank you for your support.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: thefix on September 04, 2015, 04:23:27 AM

Quote from: dygus on September 02, 2015, 08:29:12 AM

Quote from: haggis on September 02, 2015, 05:16:02 AM

Quote from: EmilioMann on September 02, 2015, 04:33:57 AM

even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.

Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction.

Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

No, the chinese GPU farms are making a killing. There is no more than 100 FPGA boards on the entire mining network. The GPU's own 95+% of the network hashrate. Most old Bitcoin FPGA's are cracking passwords which is much more profitable than mining a coin. Cool

Thank you for your support.

thefix

legendary

Activity: 1049

Merit: 1001

Quote from: h1gh1s6 on September 04, 2015, 07:32:51 AM

Quote

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

I don't believe there are as many of these out there as we all thought there would be. I think many have been discarded or are no longer operational. The network hashrate has barely changed since FPGA code came out and you can't find used ones anywhere. I believe most people are still using GPU.

I noticed a significant jump in hash rate as soon as FPGAS came into the mix

Users with 50 x more hash power consistently

It was a valiant effort to make things more fair though, so I do applaud the effort.

I agree the hash-rate did level out and come back to regular levels, but if you look at the pools you will notice a consistent disproportionate amount of hash from a few users.

Many Lower hash rate users with higher power requirements dropped out to be replaced with the top FPGA miners thus increasing the disproportionate distribution.

STEALTHMODE

sr. member

Activity: 329

Merit: 250

No TX Fees #JustRaiBlocks

2morrow?

https://twitter.com/bubblebobble123/status/639874585857536001

doremi

hero member

Activity: 654

Merit: 500

Quote from: vanillagalaxy on September 03, 2015, 10:25:29 AM

Quote from: traumschiff on September 03, 2015, 10:03:34 AM

Quote from: vanillagalaxy on September 03, 2015, 09:57:22 AM

Quote from: traumschiff on September 03, 2015, 09:39:37 AM

Quote from: vanillagalaxy on September 03, 2015, 09:38:49 AM

Quote from: traumschiff on September 03, 2015, 06:07:00 AM

Quote from: vanillagalaxy on September 03, 2015, 06:03:49 AM

Quote from: traumschiff on September 03, 2015, 05:53:08 AM

Quote from: vanillagalaxy on September 03, 2015, 05:51:30 AM

Quote from: traumschiff on September 03, 2015, 05:42:58 AM

Quote from: vanillagalaxy on September 03, 2015, 05:31:57 AM

Quote from: traumschiff on September 03, 2015, 05:15:27 AM

Quote from: vanillagalaxy on September 03, 2015, 04:46:12 AM

@traumschiff

https://bitcointalksearch.org/topic/vvcashxvc-050-beta-node-incentive-zerotime-zeroledger-chainblender-1161418

We seem to already have a chinese BTT ANN: https://bitcointalksearch.org/topic/vnl-darkppminerppcoinpp-1112414

seriously?you prefer the wrong one?

If you keep updating your version I'll switch the links. Seems the other one is not updated.

aye.aye sir

Done, thank you

by tthe way,you should also get rid of these

Chinese Vanillacoin forum: http://vanillacoin.com.cn/ ----> wrong coin's name

BTC8 ANN: http://8btc.com/forum.php?mod=viewthread&tid=20640&page=1&extra=#pid175889 -----> suspicious link

Yeah, seems like 8BTC.com gives an error.

I will keep vanillacoin.com.cn though as it has some level of activity and it's made by acoin who is also active on IRC.

Thank you for pointing these out, tipped some

you have to persuade them to correct the name or it will confusing the new comers of China.

Please paste here the optimal term you would use and shortly explain why that the better one is if you can.

Vanilla-coin: 香草-幣(traditional chinese)/帀(simplified chinese)
vanilla is just a very basic word that so easy to translate,none of the ppl on the earth that could read/write/speak both English and Chinese will translate vanilla to 韦恩(Wayne).
if you don`t beleive what i said,just write vanilla down on a paper and ask a random person who can read both languages in your real life,that is the fastest way to know which is right or wrong.

Thank you very much, and can I ask about the opinion of the chinese miners/investors? There seems to be a VNL QQ group with 100+ people there. Are you hanging out there? What is their stance on this?

no,i don`t and i never use qq
the most important thing is dev team has responbility to correct them if they are wrong,i don`t know what agenda behind them for they obviously know that they were wrong but refuse to switch to the right one ,it is likely that potential scam would happen if someone creat an altcoin that name Waynecoin and fooling the ppl that couldn`t read English in China around...just saying.

quote:

"Tolerating evil leads only to more evil. And when good people stand by and do nothing while wickedness reigns, their communities will be consumed."
Bob Riley

Don`t get me wrong vanillagalaxy,glad to see a good man standing here,you!

h1gh1s6

newbie

Activity: 30

Merit: 0

Quote

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

I don't believe there are as many of these out there as we all thought there would be. I think many have been discarded or are no longer operational. The network hashrate has barely changed since FPGA code came out and you can't find used ones anywhere. I believe most people are still using GPU.

groggin

legendary

Activity: 1894

Merit: 1001

Quote from: traumschiff on September 04, 2015, 07:16:24 AM

Quote from: groggin on September 04, 2015, 07:08:50 AM

so do i understand it right? a 5% tax on miners is re-distributed to nodes with the best throughput/connectivity?

just wait until the Sheriff of Nottingham hears about this! Cheesy

Yeah, to nodes that are randomly chosen from all of those which have the best up time/connectivity/success rate (you have to meet a score if I'm not mistaken). 5% - if that will be the case - isn't much since the average reward drops which occur every 50k blocks are ~16.66% reductions.

Also using this method won't skew the emission.

dev has stood up for the little guy/average joe since day 1. i think it's gr8 to see

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: groggin on September 04, 2015, 07:08:50 AM

so do i understand it right? a 5% tax on miners is re-distributed to nodes with the best throughput/connectivity?

just wait until the Sheriff of Nottingham hears about this! Cheesy

Yeah, to nodes that are randomly chosen from all of those which have the best up time/connectivity/success rate (you have to meet a score if I'm not mistaken). 5% - if that will be the case - isn't much since the average reward drops which occur every 50k blocks are ~16.66% reductions.

Also using this method won't skew the emission.

groggin

legendary

Activity: 1894

Merit: 1001

so do i understand it right? a 5% tax on miners is re-distributed to nodes with the best throughput/connectivity?

just wait until the Sheriff of Nottingham hears about this! Cheesy

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: pallas on September 04, 2015, 05:46:53 AM

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

Generating PoS blocks for the incentive system would meant they take away blocks from stakers (since there is obviously a fixed block generation rate/time) and PoS blocks are lowish in value anyway since it's 0.7% annual stake.

Taking away % from the PoW (5% was used in the paper as an example) seems esier to accomplish, or am I missing something?

pallas

legendary

Activity: 2716

Merit: 1094

Black Belt Developer

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Why not just PoS?

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: Za1n on September 03, 2015, 06:12:29 PM

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Can someone copy/paste the pdf text into a post?

Not implying there is anything with it that is bad, but not everyone may be comfortable opening random pdf's.

https://github.com/john-connor/papers/blob/master/node_incentives.pdf

Here is a direct link to view it from github without downloading, but also since the source was John it's very unlikely to contain anything. You can also use virustotal's service to check links/downloads.

thefix

legendary

Activity: 1049

Merit: 1001

Quote from: dygus on September 02, 2015, 08:29:12 AM

Quote from: haggis on September 02, 2015, 05:16:02 AM

Quote from: EmilioMann on September 02, 2015, 04:33:57 AM

even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.

Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction.

Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump

I agree and all those old FPGA farms from early bitcoin days are making a killing

What we need is something that everyone can get easily instead of some limited item geared towards early FPGA bitcoin farms

I am the guy

full member

Activity: 237

Merit: 100

I cannot wait for the iPhone app.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: dygus on September 02, 2015, 08:29:12 AM

Quote from: haggis on September 02, 2015, 05:16:02 AM

Quote from: EmilioMann on September 02, 2015, 04:33:57 AM

even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.

Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction.

Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump

FPGA's have much more up-front investment cost than a GPU and FPGA boards are now all sold out due to a 3x price increase in the LX150 chips. So the sold out 350 Euro ZTEX 1.15y would now cost ~1050 Euro if they were to manufacture more but they have stated no more will be produced. There are many factors on multiple levels to consider. Cool

Thank you for your support.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: Za1n on September 03, 2015, 06:12:29 PM

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Can someone copy/paste the pdf text into a post?

Not implying there is anything with it that is bad, but not everyone may be comfortable opening random pdf's.

Use something instead of Acrobat Reader (it is the danger, not the PDF). Mac OS X and iOS both have native PDF support but no ability to execute a virus. Cool

https://en.wikipedia.org/wiki/List_of_PDF_software#Viewers_5

Thank you for your support.

statdude

legendary

Activity: 1498

Merit: 1000

Someone should make a bustabit for VNL. One exists for NXT and CLAM. I would be interested in contributing but need a dev first.

https://github.com/moneypot

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: traumschiff on September 03, 2015, 09:41:11 AM

News paper from John-Connor

Node Incentives: An autonomous decentralised incentive and donation system.

Announcement (please share): https://twitter.com/john_a_connor/status/639440252088786944

Can someone copy/paste the pdf text into a post?

Not implying there is anything with it that is bad, but not everyone may be comfortable opening random pdf's.

Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 106. (Read 433405 times)