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Re: [ANN] WaltonChain WTC
by
weyhey27
on 28/04/2018, 23:43:55 UTC
Are there any mining pools or solo only?

Hey YourMom420,

My name is Greg and I'm a GMN holder and have just started a mining pool. There was a post about how this would work on reddit, as there is no sure fire way to make it truly "trustless" at the moment. However, here is a system that I believe is as close as you can get to being trustless. Feel free to let me know what you think, and direct message me if you're interested and we can go from there.

PRE-Token Swap: I will be paying 3 WTC for every WTCT block mined to the WTCT address:0xa2bc21f35c7beccef2a86273e77680a8811d24e1 Note: I am paying real WTC not the WTCT, as WTCT is not worth anything

POST-Token Swap: The swap will most likely take place in 20-60 days. The pay rate per block I will be paying has not yet been determined but would be in the range of 2.5 to 2.9 WTC per WTC block mined. I will work with miners to determine a rate that is worthwhile and I will communicate more when that time comes closer.

Proof of Payment: I will be paying from the following address roughly every 24 hours (to reduce risk, see risk mitigation for more) or within 24 hours after a request and you can track that all payments per block on the WTCT address are accounted and paid: https://etherscan.io/address/0x086833f7a48eca35a3d7125a48ca3c52f4554af7

Unaccounted for blocks will be distributed to miners based on each user's percent of total mined blocks. I expect all blocks to be accounted for as there is no reason a miner wouldn't want to get their 3WTC payout but in the event that there is some left this is how I will deal with it. Example: if you mine 10 blocks of 80 total blocks on the account and there are 3 blocks (9WTC) unaccounted for at the end of token swap. You will get 10/80*9 = 1.125 WTC.

Handling Conflicts: Until a more robust system is developed to automatically track what users mined which blocks and pay them. I will request that each miner submit to me a list of blocks that they mined this is shown on their Command Line Interface (CLI)/CMD. I will have a 24 hour delay in payments from the time the block list was submitted to me, this will provide a buffer to see if anyone else is claiming the same mined block. If there are any disputed blocks, I will contact both parties and request screenshots or any other proof that they did indeed mine the block in question. I will review the evidence and see if I can make a reasonable determination to who mined it. If I am not 100% certain I will submit the evidence to the mining community and have them determine who should receive the funds. Anyone attempting to cheat the system will be asked to not mine any further blocks. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block.

Reasonable Risk Mitigation: There is some level of risk with any mining group that is not autonomous, I would like to outline the risks and provide reasonable level of support for why you shouldn't worry. Risk 1: You mine your first block and notify me and I just don't pay. Answer: As a miner that didn't get paid for your work you would obviously leave, and you are out the ~$17 your block was worth and you move on. I would gain the $17 and then lose out on the 1 wtc per block I would get from you in the future, my current miner has mined 8 blocks so that's 8 wtc I have made from him vs the 2 wtc I could have stolen. So even in a few days of losing a miner I would lose out on huge amounts of profit if I ever cheated any of those mining. After you have mined 2 blocks and I pay, the risk is not really there anymore as you have already earned the 2 extra WTC you wouldn't have had to begin with if you mined solo. Risk 2: You mine your block report it and someone else claims the same block. Answer: see (Handling Conflicts) but it is in my best interest to reward the honest miners and get rid of anyone lying. If there is absolutely no way to determine who mined the block in dispute I will pay both parties 2 WTC for the block. And neither of you would be out any other then the bonus +1 WTC reward If there are any other risks I haven't thought of please let me know and I will address them.

Here's some more proof if you're inclined https://i.imgur.com/k0kHuWZ.png https://i.imgur.com/Mvafk5N.png

Greg, aka GrapheneCapital, is true to his word. I just received 12 WTC for four blocks I mined for the pool.
Post
Topic
Re: [ANN] WaltonChain WTC
by
weyhey27
on 28/04/2018, 21:54:09 UTC
Are there any mining pools or solo only?

So did you get your coins? A feedback can help both owner of service and people who want to join this service.

Not yet as I have no mechanism to contact Greg unless a Full Member messages him

Weyhey27,

First and foremost, I'd like to sincerely apologize for the lack of communication up until now. I take full responsibility for this and understand in your frustration in the lack of communication.
Although Bitcointalk is an amazing forum for people to come together, embarrassingly I have never used the site. When I posted, I had assumed replies would either be sent to my messages here or to my email, and when I didn't get either one I figured no one had decided to help us mine. I have just received a message from a mod (Thank you Serhanni for letting me know!), as apparently replies aren't automatically set up to be received.

That being said, please reach out to my e-mail at GMNholder@gmail.com or message me @t1crypto on telegram with the pictures so that I can process your mined blocks immediately

Again Jason, of behalf of our pool, I'd sincerely like to apologize and hope that if you decide to keep mining with us, know that communication will be completely fluid from this point on.

I am glad to hear communication problem solved since both of your status newbie. When he gives positive feedback, I'm sure you will find more members to join your pool.

Thank you Serhanni for communicating the post back to Greg aka GrapheneCapital.

Greg,
the delay in communication is quite understandable, since neither of our accounts were set up to receive messages from Newbies.
I have mined blocks 36846, 37212, 37618 and 37706 for your GMN wallet pool. There is no need for me to send pictures, as I had my miner name stamp the blocks it successfully mines. As such my miner "JPH_1006" namestamp is inserted as extraData into each of these mined blocks at time of mining.

"JPH_1006" in hex is "0x4a50485f31303036" (see www.rapidtables.com for translation).

To see the extraData of a block use the command line interface of walton executable, briefly stop mining >>miner.stop() for convenience and then enter command (here I include 37706 as the block of interest).

eth.getBlock(37706)

This is the output:

{
  difficulty: 148132472179,
  extraData: "0x4a50485f31303036",
  gasLimit: 4712388,
  gasUsed: 0,
  hash: "0x33af89f07e79099b684173bb3709126f5dc76445c2779d3d08d821bb4b86c09a",
  logsBloom: "0x00000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000",
  miner: "0xa2bc21f35c7beccef2a86273e77680a8811d24e1",
  mixHash: "0x0000000000000000000000000000000000000000000000000000000000000000",
  nonce: "0x1957fbbefbb034f5",
  number: 37706,
  parentHash: "0x36ae3ada7f9491a8f30ac23807b5efc064213baf9dbb245ede432302727e4a58",
  receiptsRoot: "0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421",
  sha3Uncles: "0x1dcc4de8dec75d7aab85b567b6ccd41ad312451b948a7413f0a142fd40d49347",
  size: 536,
  stateRoot: "0x254551ad802692e4397b2c6ce1f817a863867fcc2a7bd5fe49d519387277e00f",
  timestamp: 1524614343,
  totalDifficulty: 2311973676200007,
  transactions: [],
  transactionsRoot: "0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421",
  uncles: []
}

The same extraData name stamp is included in all the blocks I mined.

Thank you Jason
Post
Topic
Re: [ANN] WaltonChain WTC
by
weyhey27
on 25/04/2018, 12:25:15 UTC
Are there any mining pools or solo only?

So did you get your coins? A feedback can help both owner of service and people who want to join this service.

Not yet as I have no mechanism to contact Greg unless a Full Member messages him
Post
Topic
Re: [ANN] WaltonChain WTC
by
weyhey27
on 24/04/2018, 02:37:11 UTC
Are there any mining pools or solo only?

Hey YourMom420,

My name is Greg and I'm a GMN holder and have just started a mining pool.  ....
...
.....
... bonus +1 WTC reward If there are any other risks I haven't thought of please let me know and I will address them.

Here's some more proof if you're inclined


HELP----------------------- I request/hope that a senior member can PM the following message to Graphene Capital, link at top --------------------------------

Hello Greg aka GrapheneCapital,

I [weyhey27] have been mining to your pool and have mined 4 blocks recently.  Alas your profile will not accept PMs from newbies such as I.
Please PM me as my profile will accept all PMs.

Thanks  Jason

--User 'GrapheneCapital' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Hi Greg, I just mined block 36846 for your pool. Please PM me as your PM inbox wont except newbies.

INFO [04-23|22:23:01] Have imported a new WTCchain segment     blocks=1 transactions=0 blockheight=36485 hash=ed31d9…6729c3
INFO [04-23|22:23:01] Start mining WTCBlock                    blockheight=36486 transactions=0
INFO [04-23|22:24:16] You have successfully mined a new block  number=36486 hash=2be3c2…7be4ec
INFO [04-23|22:24:16] find a unconfirmedlock                   blockheight=36486 hash=2be3c2…7be4ec



ALSO i included my miner name "JPH_1006" in the WTC blockchain for my mined blocks with my command line

walton --identity "development" --rpc --rpcaddr 127.0.0.1 --rpccorsdomain "*" --ipcdisable --datadir "node2" --port "30303" --rpcapi "admin,personal,db,eth,net,web3,miner" --gpupow --mine --etherbase %texte% --extradata "JPH_1006" --networkid 999 --rpcport 8545 >wtc_jph1006d.txt 2>&1

I also mined block 37212 for pool with miner "JPH_1006" 
I also mined block 37618 for pool with miner "JPH_1006" 
INFO [04-24|20:04:01] You have successfully mined a new block  number=37706 hash=33af89…86c09a   again my miner name is stored in the block chain as hex.

My WatonChain WTC deposit address is 0x1b5fa993e8618a4a348c6a2e6dbac7312e12c54a


Post
Topic
Re: [ANN] WaltonChain WTC
by
weyhey27
on 24/04/2018, 00:34:21 UTC
https://i.imgur.com/hJwUrfu.png

easyminer not work. Why?
Wallet work fine, and mining in wallet too

--etherbase %put_your_WTCT_public_address_here%