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Updated:
min\max stake age now min-5 days max - 15 days (to help with dumping)
300% pos
400 max reward (to help with inflation)
20 confirms for mined
10 confirms for tx
min\max stake age now min-5 days max - 15 days (to help with dumping)
300% pos
400 max reward (to help with inflation)
20 confirms for mined
10 confirms for tx
21 messy commits for this...
Why is the check removed to prevent malicious nodes cheating in calculating the POS amount.
A node can now submit any POS amount it wants and it won't be rejected:
https://github.com/drips/seedbit/commit/48b93513373755fc9082964438a58b37be72d838
Re: [ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
Ignore. Not the official wallet.
300% YEAR POS COMING... 3 PER BLOCK UNTIL UPDATE
Sorry, but that's not what you implemented in the source code:
Code:
// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
// int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
int64_t nSubsidy = 1 * COIN;
if(nHeight < 5000)
{
nSubsidy = 50 * COIN;
}
else
{
nSubsidy = 300 * CENT;
}
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy + nFees;
}
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
// int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
int64_t nSubsidy = 1 * COIN;
if(nHeight < 5000)
{
nSubsidy = 50 * COIN;
}
else
{
nSubsidy = 300 * CENT;
}
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy + nFees;
}
You made a 300 CENT FIXED Proof of Stake award, not 300 PERCENT POS!!!
You also did not make a hard fork point. A specific block needs to be specified where new changes start.
Your code won't do what you think it does.
Given these bugs, I really don't think you should update the wallet. If there's something else you'd like to contribute, you're more than welcome.
Original thread (and official) thread is here:
https://bitcointalk.org/index.php?topic=1066956.0
Code updated with checkpoint and alert keys.
Re: [ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
Is everyone else getting about 700% pos a year?
Did you subtract the fixed 0.1 SED from your stake reward when you did the calculation?
Re: [ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
whast'sd with apn file folder this new wallet created in c: programdata along with pup (virus) or potentially unwanted software?
Seedbit doesn't install any other software.
It creates the same files and folders under AppData as any other coin based on Bitcoin. Under AppData\Roaming\Seedbit you'll find the wallet and block chain data.
If you have other unwanted programs I suggest you install an anti-virus.
Re: [ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
As a new (small) investor, can you please add a roadmap for planned development to the opening post ? Would be very helpful.
Seedbit 1.0.0.1 available.
See OP for download links.
Change log:
- Checkpoint added at block 6002
- UPNP enabled in Windows QT builds to allow more peers to connect
See OP for download links.
Change log:
- Checkpoint added at block 6002
- UPNP enabled in Windows QT builds to allow more peers to connect
The first project is to add data coin features to Seedbit. Other features will follow. I should have more information available within the next week.
Re: [ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
Seedbit 1.0.0.1 available.
See OP for download links.
Change log:
- Checkpoint added at block 6002
- UPNP enabled in Windows QT builds to allow more peers to connect
See OP for download links.
Change log:
- Checkpoint added at block 6002
- UPNP enabled in Windows QT builds to allow more peers to connect
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
Welcome back everyone!
Seedbit has now finished POW and the bonus POS phase and is now Pure POS with reward 0.1 SED + 1% stake.
And now what are the plans for the coin?Seedbit has now finished POW and the bonus POS phase and is now Pure POS with reward 0.1 SED + 1% stake.
New features for the coin are planned.
First project is to add a blockchain data-storage feature. More information will be posted.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
"Pure POS" so how do people get coins?
"Intial POW distribution" so you lie when you say pure pos
dont trust this dev!
they lie and are running a scam coin!
if they lie once they will lie a lot more!!!!
you have been warned!
"Intial POW distribution" so you lie when you say pure pos
dont trust this dev!
they lie and are running a scam coin!
if they lie once they will lie a lot more!!!!
you have been warned!
The coin is not pure POS from the start. After a few days of POW mining it will switch to pure POS.
Edit: Modified OP to say pure POS "AFTER" POW distribution for clarity.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
Yeah, have been waited for a new coin with Quark algo 
(thumbs up). I gonna point my miner to this coin.
Btw. what is the total amount of this coin?
(thumbs up). I gonna point my miner to this coin.Btw. what is the total amount of this coin?
There is currently about 770,000 SED. It will depend on how many POS blocks get mined during the POW phase, but maybe a total of 1.5 million SED.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
Hello Dear Forum Members!
SeedBit [SED] is now live on Bleutrade.com!
− BTC Market: https://bleutrade.com/exchange/SED/BTC
− LTC Market: https://bleutrade.com/exchange/SED/LTC
− DOGE Market: https://bleutrade.com/exchange/SED/DOGE
− USD Market: https://bleutrade.com/exchange/SED/USD
Visit Bleutrade official BitcoinTalk topic: https://bitcointalk.org/index.php?topic=1067518
Bleutrade logo: https://bleutrade.com/imgs/Bleutrade-Cryptocurrency-Exchange-bt.png
https://bleutrade.com/imgs/Bleutrade-Cryptocurrency-Exchange-bt.png
Best Regards,
Bleutrade Team
SeedBit [SED] is now live on Bleutrade.com!
− BTC Market: https://bleutrade.com/exchange/SED/BTC
− LTC Market: https://bleutrade.com/exchange/SED/LTC
− DOGE Market: https://bleutrade.com/exchange/SED/DOGE
− USD Market: https://bleutrade.com/exchange/SED/USD
Visit Bleutrade official BitcoinTalk topic: https://bitcointalk.org/index.php?topic=1067518
Bleutrade logo: https://bleutrade.com/imgs/Bleutrade-Cryptocurrency-Exchange-bt.png
https://bleutrade.com/imgs/Bleutrade-Cryptocurrency-Exchange-bt.png
Best Regards,
Bleutrade Team
Thank you. Added to OP.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
POS has started with its 50 SED high reward phase. This will continue until block 5000.
POW is still ongoing with reward reduced from 1000 SED initially to 600 SED now.
Still plenty of coins to dig with POW and POS.
POW is still ongoing with reward reduced from 1000 SED initially to 600 SED now.
Still plenty of coins to dig with POW and POS.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
Note that the final POS reward has two components, an EQ component of 0.1 SED for every block, and a percentage of the coin age, ~1% per year.
Re: [ANN][SED] Seedbit | POS w/ POW distr | Quark algo | NO PREMINE | NO ICO | NINJA
Thanks! Added to OP.
[ANN][SED] Seedbit | POS | POW finished | NO PREMINE | NO ICO
http://i.imgur.com/tm9zvy5.png
Seedbit
Specifications
Pure POS (EQ + % reward)
after
Intial POW distribution
No ICO
No pre-mine
Algo: Quark
POW reward:
Block 0..50 0 SED
Block 51..500 1000 SED
Block 501..1000 800 SED
Block 1001..1500 600 SED
Block 1501..2000 400 SED
Block 2001..2500 200 SED
Block 2501..3000 100 SED
POW target time:
90 seconds
POW maturity:
80 confirmations
POS reward:
50 SED first 5000 blocks, then 0.1 SED EQ + 1% pa
POS stake age: 3 - 24 hours
P2P Port: 25579
RPC Port: 25581
addnode=seedbit.ignorelist.com
addnode=seedbit.strangled.net
addnode=seedbit.crabdance.com
addnode=sed.suprnova.cc
Downloads
26 May 2015 - 1.0.0.1
Checkpoint at block 6002 and UPNP enabled in Windows QT builds.
Win32
https://mega.co.nz/#!WEcGWI4C!zbhZmxypjGMYSsmKNx-cvptNMSs1nTKr5T_PGY6gtPg
https://bitbucket.org/seedbit/seedbitdl/src/b87dbd8bca02abe01351f1fffb261dce402cc081/seedbit-1.0.0.1-w32.zip?at=master
Win64
https://mega.co.nz/#!fYFkFCiY!nSoiS5iO7EIEfNrIJe--tnPioKBEYxKNjtDIfzRO7eE
https://bitbucket.org/seedbit/seedbitdl/src/b87dbd8bca02abe01351f1fffb261dce402cc081/seedbit-1.0.0.1-w64.zip?at=master
Source
https://bitbucket.org/seedbit/seedbit
Pools
https://sed.suprnova.cc
Block explorers
http://cryptobe.com/chain/SeedBit
Exchanges
https://yobit.net/i/small_logo.png
https://bleutrade.com/imgs/Bleutrade-Cryptocurrency-Exchange-bt.png