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The Decred (DCR) altcoin that has been generatijng a lot of attention lately is essentially a PoW + PoS crypto coin, however before the block 4096 it is going to be in Proof or Work mode and after that you would be able not only to mine, but also to Stake the coins you own in order to earn more DCR. The Decred block reward is divided in three parts: 60% for a mining, 30% for staking and 10% for the developers with a starting block reward of 31.19582664 DCR coins. This means that the PoW reward for a block is currently about 18.72 DCR, the total PoS rewards is going to be about 9.36 DCR (it could be divided in multiple parts) and the remaining about 3.12 DCR goes to the developers. Furthermore the per-block reward adjusts every 6144 blocks (approximately 21.33 days) by reducing by a factor of 100/101 or with other words ((31.19582664 * 100) / 101) for the first halving.
Since in a couple of hours we are going to reach the 4096 block and the PoS phase will also become active you could start staking any mined DCR coins that you have available in your wallet. Decred staking is a bit different than what most other coins use as a method for PoS and the fact that there is still no official GUI wallet and you need to use the command line wallet to activate staking makes it even harder for non advanced users. To enable staking you need to add the extra command line parameter “enablestakemining”, though there are some extra options also available that might help you such as the max price you pay for ticket or the minimum balance to maintain in your wallet.
Staking in Decred works in a similar way to a lottery, you purchase tickets with the available DCR coins you have (ticket price starts at 2 DCR), then wait for your ticket to be randomly chosen to validate a block or to be taken out of the lottery in 142 days. The coins you use for staking (purchasing tickets for the lottery) will be locked until they are either chosen and you get a reward or 142 days pass. According to the information the lottery lasts about 28 days average and the chance of a ticket not being selected in 142 days are less than 1%, but we’ll have to wait and see. Do note that in order to be successfully staking you need to have your wallet running and online 24/7 and have the wallet unlocked, otherwise you might miss your chance of winning.
The Decred team is also working on a PoS pool where you can delegate your voting rights and participate in the staking without having to run a local wallet all the time in order to stake and you don’t need to send DCR coins anywhere. There is already a test Decred Stake Pool running on the testnet, but you’ll have to wait for the staking phase to start and a pool for the mainnet to become available.
- Published in: General Info
- Related tags: Decred, Decred coin staking, Decred PoS, Decred Stake Pool, Decred staking, enablestakemining, Proof of Stake
CryptoChainer is a website that offers quick and easy access to downloads for many altcoin blockchains. Using these blockchain archives, your wallet will be synchronized quicker than it would normally take, tough it may still be a process taking quite some time. All you have to do is download the desired blockchain archive and extract it in the folder that the specific altcoin uses for blockchain storage data files. If you already have a working wallet or are restoring one from a backup, then you might have to do a resynchronization in order for your balance to appear correctly in the wallet GUI.
CryptoChainer currently has blockchain archives available for the following altcoins: 1337 Coin, 42 Coin, 8bit, AlienCoin, AnonCoin, ArchCoin, AudioCoin, Axiom, BBQ Coin, BetaCoin, BitBat, BitBay, Bitbean, BitcoinDark, BitcoinScrypt, BlackCoin, BlueCoin, Boolberry, Boolberry, Bottlecaps, BTCTalkCoin, CannabisCoin, CannaCoin, Cash, CasinoCoin, Chip, CLAM, CoinMagi XMG, ColossusCoin V2, ContinuumCoin, Crave, CrownCoin, CryptCoin, CryptoBullion, Cryptonite, Dash, Denarius, Diamond, Digibyte, DigiCube, DigitalCoin, DigitByte, DNotes, DogeCoin, DogeCoinDark, EarthCoin, Einsteinium, Emerald, EuropeCoin, EvergreenCoin, ExclusiveCoin, FeatherCoin, FedoraCoin TIPS, Fibre, Fibre, FireFlyCoin, FlutterCoin, FlyCoin, Franko, Franko, GameCredits, GeoCoin, GoldCoin, GoldPieces, Gulden, HamRadioCoin, HempCoin, HoboNickels, HTML5, Hyper, Hyper, HyperStake, IncaKoin, Influx, IsraCoin, JouleCoin, KittehCoin, LeafCoin, LGBTQoin, LiteCred, LycanCoin, MasterTraderCoin, Maza, MegaCoin, MinCoin, MintCoin, MMXVI, MonaCoin, MoonCoin, MurrayCoin, MyriadCoin, NavajoCoin, NetCoin, NeuCoin, Neutron, Neutron, NobleCoin, NovaCoin, NyanCoin, OK Cash, OKCash, Parallel, PayCON, Pennies, Philosopher Stone, Positron, PotCoin, Primecoin, Quark, Quatloo, Quotient, RateCoin, ReddCoin, RonPaulCoin, RubyCoin V2, SecretCoin, Sembro Token, SexCoin, Shadow, Sling, SmartCoin, Sprouts, Sprouts Extreme, StableCoin, StartCoin V2, Steps, SterlingCoin, Stress, Stronghands, SuperTurboStake, Sync, Synergy, Synergy, TagCoin, TekCoin, Terracoin, TruckCoin, TurboStake, UFOCoin, UltraCoin, UnbreakableCoin, Verge, VeriCoin, VertCoin, ViaCoin, Voxels, Warp, Warp, WhiteCoin v2, WildBeastCoin, WorldCoin, X-Coin, Xaurum, XCash, YellowCoin and ZiftrCoin.
– For more information about CryptoChainer and to download any of the blockchain archive…
- Published in: General Info
- Related tags: altcoin blockchains, blockchain archive, crypto blockchains, CryptoChainer, downloadable blockchains
Interesting announcement for what seems to be the the world the first X11 ASIC miner as well as the 1st DASH ASIC miner called iBelink DM384M. Developed by Tiannengbo Group, a consortium of high tech companies based in China. The iBeLink DM384M Dash miner contains 4 hashing blades and a Raspberry Pi B+. Each hashing blade contains 48 TNB0301 ASIC chips, and can be managed (or controlled) for mining separately. The total hashrate of one unit is supposed to be 384 MHS with a total power consumption of 715 W. We could not find any additional information other than what is posted by DualMiner who will apparently be selling the first units of the device, so we are not yet able to confirm for sure if this is real X11 ASIC miner. We are going to be keeping a close eye on this as it really seems a very promising alternative to GPU mining of X11 and could easily bring the end of X11 mining with video cards if true.
iBeLink DM384M Miner Specifications:
– Hash Rate: 384 MH/s ±10%
– Power Consumption: 715 W (at the wall, with 25C ambient temp)
– Power Efficiency: 1.8 J/MH (at the wall, with 25°C ambient temp)
– Number of TNB0301 chips per unit: 192
– Operating Temperature: 0 °C to 40 °C
– Network Connection: Ethernet
– Power Supply: 110V to 240V, 50Hz/60Hz
– Certifications: FC, CE
– Dimensions: 490mm(L)*350mm(W)*180mm(H)
– Weight: 21kg
Miner Features:
– High integration for Plug and play (just need to connect power and Ethernet)
– Contains 4 hashing blades, LED for each blade’s status
– Faulty conditions self-detection and auto restart
– Email warning for abnormal hashing conditions
– Faulty chip detection
– Possible DIY repairing faulty hashing boards (modulated hashing board, 8 boards/blade)
– DIY reducing fan speed(or noise) by selecting low voltage power (reduced hash rate)
TNB0301 Chip ASIC Specification:
– Package Type: QFN64 8mm*8mm
– I/O Interface: Serial with clock & data
– Hash Rate: 2 Mhash/s
– Power Consumption: 1.8 J/Mhash
The first batch of 50 iBeLink DM384M units will be sold through dualminer.com online store exclusively. iBeLink DM384M price is $2,098 USD, which includes shipping and handling. Orders will be shipped to your address directly from China through UPS Worldwide Saver service. In general, it should take one to two weeks for your order to reach you. If your shipping costs are more than $300.00, additional shipping fees may be charged. Payment is accepted in the form of Bitcoin (Bitpay will convert your BTC to USD immediately) for any quantity order, or bank wire transfer for 3 units or more. Shipping is set for the 1st week of March.
- Published in: Mining Hardware
- Related tags: ASIC DASH Miner, Changzhou Tiannengbo Intelligent System, DASH ASIC, DASH ASIC miner, DM384M, DM384M miner, Dualminer, iBeLink, iBeLink DM384M, Tiannengbo Group, TNB0301, TNB0301 ASIC, TNB0301 chip, X11 ASIC, X11 ASIC miner