@MohitoGrande_gitlab Hi, Tom. Since it would be impractical for each miner to connect to the Treasury wallet for every block, we have done something different. Since the exact amount of treasury coins is known for each block, just like the mining reward, we pre generate all treasury UTXOs in the Genesis block (or blocks, since we support multiple Genesis blocks to keep block size the same as the regular block). Each such UTXO, however, has a maturity parameter aligned with the block it should be allocated in. This is what makes it different from premine. For example, if at block N, a 100 coins were created, 80 of them go to the miner, and the 20 stored in the Treasury and have maturity N become available for spending.
@BigRomanov
yours is a monthly (weekly?) mining tax implemented as a timelocked premine
Anyway, Im not the one you need to convince
Your "C++ maturity" argument is compelling.
We are developing a whole solution. Our roadmap includes all types of wallets, integration with HW wallets, Atomic Swap based exchange from within the wallet to allow easy onboarding and other usability enhancement features. We really want Beam to be as easy to use as possible.
I've read a few things about the new RGB project, could it be used for Grin?
I agree with @BigRomanov that confidential assets may be interesting too, especially if we can figure out some pegging system with other coins
I'd love to have some sort of bitcoin bridge where bitcoin assets can exist on the Grin chain
at some point, I remember it was stated that cuckoo cycles would be more energy efficient, because the bottleneck being GPU memory bandwidth.
Is that still correct? if so does, anyone have an estimate for how much of a reduction in energy usage this means?
Say I look up the specs of my favourite GPU: does that mean i can divide that power consumption by some factor?
Is that still correct? if so does, anyone have an estimate for how much of a reduction in energy usage this means?
Say I look up the specs of my favourite GPU: does that mean i can divide that power consumption by some factor?
Hi @BigRomanov you have some small mistakes in your comparison table, for example for Monero the "Privacy enabled by" should be: "Ring Signatures + Confidential Transactions + Stealth Addresses".. Also for BEAM the "Decentralized" should be "No".. I also suggest you add row "Funding Model" with "20% tax from each block reward" for ZCash/Beam and "voluntary donations by community" for Monero.. oh and you should add Grin to the table.
all this new privacy coin stuff made me feel like sharing this, which i came across today.
it's a link to white paper for ViceCoin. make of it what you will. i found it quite amusing.
if one or more components is under utilized you will see drop in power but that suggests there are ways to improve performance
Interesting article on the MakerDAO governance model they are developing. They are a very transparent and wholesome project so they are worth following I think https://medium.com/makerdao/foundation-proposal-caeb382465c1
also other than beam what other projects with code are working on implementing mimblewimble?
@0xb100d @ignopeverell there’s also http://mimblewimble.tech:
- “Mimblewimble on ethereum”, maybe as some kind of side-chain? Not clear exactly what the project is about.
- Led by the “former co-founder of Zcoin” and the “ZClassic cofounder”.
- Not clear what the status of the project is, it appears to be inactive.
erk@erk-PORTEGE-R830:~/Desktop/random/z.crypto/miner$ grin-miner
Starting Grin-Miner from config file at: /home/erk/Desktop/random/z.crypto/miner/grin-miner.toml
Jul 06 09:49:05.517 INFO This is Grin-Miner version 0.2.0 (git faa7b9d), built for x86_64-unknown-linux-gnu by rustc 1.26.0 (a77568041 2018-05-07).
Jul 06 09:49:05.524 DEBG Built with profile "debug", features "" on Wed, 27 Jun 2018 08:41:42 GMT.
Jul 06 09:49:06.901 WARN Connection Status: Connected to Grin server at grinpool.us:3333.
Jul 06 09:49:07.009 DEBG sending request: {"id":"0","jsonrpc":"2.0","method":"login","params":{"agent":"grin-miner","login":"http://109.76.231.22:13415","pass":""}}
Jul 06 09:49:07.009 DEBG sending request: {"id":"0","jsonrpc":"2.0","method":"getjobtemplate","params":null}
Jul 06 09:49:09.011 DEBG Received message: {"id":"6","jsonrpc":"2.0","method":"getjobtemplate","result":{"difficulty":1,"height":130712,"pre_pow":"0001000000000001fe98f7f3da2210d30db02345e991e8f78fab6f0201cc7124cb5da454330a6a932284000000005b3f2cb6000000000002a4c2ee617d1777a60fba23c7632171b0bae0cccf78fb55bb86e1cf60ece59304af6e97bd63bb9e683cd933d08ac50480b1debd6c8d27a4bb89097c45e11181b4ceb7b5787f9686241dc582afeca2a4642ba2dbbdeef692b9f773f6517996fd9105c443e68ce47e56174c556f8f8a9d5e09c0c5d41c194f857247ebdbeba8f0f1e143"},"error":null}
Jul 06 09:49:09.015 DEBG Received response with id: 6
Jul 06 09:49:09.015 INFO Got a job at height 130712 and difficulty 1
Jul 06 09:49:09.016 DEBG Received message: {"id":"6","jsonrpc":"2.0","method":"login","result":"ok","error":null}
(note its just my personal opinion, im not a mod)