I've bought some slim coins and I'd like to try and do some proof-of-burn, can someone give me a brief overview of how to do this?
thanks
Open the wallet, stay on the line, waiting.
That's proof of stake, there should be a "burn coins" tab, can't access the wallet atm to confirm, but should be something like that. Just choose amount to burn, and click the burn button.
If you have more than 20 burned, you'll probably occasionally gain 0.1 coins or so from it like I do.
It's not worth it unless you've bought a decent amount.
Thanks! I bought 2K worth from bter, and that's one of my main questions. How many should I burn to have a chance, and how often do i have to burn to keep the process going? I assume after a while you burn through all your coins and stop proof-of-burning.
Also, is it possible to use 'setgenerate true = -1' in the qt client and still get coins from POW?
Sorry for the newbie questions, but I was reading this thread for a while and couldn't find a simple quick start post.
I once burned 7000 coins, like synchronization has been a problem, you can try a 500
POB, I did not use POW.