Post
Topic
Board Altcoin Discussion
Re: PPCoin Proof of Stake Minting Setup Guide
by
vindimy
on 25/04/2013, 21:24:51 UTC
Thanks, I've updated my post above saying that indeed the PPCoin-Qt's status message changed Smiley

Now, ppcoind says generate=false when I do "getmininginfo", does it mean it's not mining?

Code:
C:\Users\dv\Downloads\PPCoin-0.3.0\daemon>ppcoind.exe getmininginfo
{
    "blocks" : 44845,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 348773.05554859,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "pooledtx" : 0,
    "testnet" : false
}

Also, if you know about how stake rewards work, could you elaborate on:

If you find a stake the reward is 1 cent per coin-year consumed (can be roughly understood as 1% interest annually)

I'm really fuzzy on what is the difficulty of finding stakes is. Assuming I did find one, though, I guess 1% means I'll be getting 1 PPCoin per 100 PPCoins in wallet?