Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!
by
95A31
on 23/07/2014, 10:56:12 UTC
I am burning coins but no resoults. How may coins are you burning? How many coins you gain and how often?

@slimcoin
If I understand right, higher is the number of burned coin, higher is the probability that your burn hash is accepted by the network. In my case, I do not have much computational power -> my mine gains are low -> I can not burn many coins -> My burn hases will be never accepted -> I lost my coins. This is not true for big miners where PoB amplify their gains. Finally also if is possible mine burn hash with low end computers, is not possible gain if you not have high end hardware for mining.
I think that your fondamental idea with slimcoin is fairness, but currently look like be some bugs on your design. What about change the way to calculate the multiplier ?  A raw formula can be:

                   this help small miners                            this help PoB investors                     this adjust gain
                                V                                                           V                                              V
1 - ((num of burned coin / total received coin) * (num of burned coin / current balance) * some magic constant < 1 )