Hey Nuke Yes you can use the same ASIC hardware to mine PPC as you would BTC. So any of the USB eruptors, Blades, ButterflyLabs products, KNCminer products etc can be pointed at the Peercoin network. Primecoin does NOT use the same hashing algorithm. Hence the ASIC's will not work mining this coin, and most of if not all are CPU mining Primecoin. I would suggest u start here and mine on a pool for XPM using ur hardware u have already to get a feel for what mining is like and how to setup etc with out having to buy specialised equipment etc. You can buy the USB miners for very cheap but do not expect a ROI on them.

They are designed to be hobby and starter mining experience devices. Not going to make you a millionaire!! Also I should say keep an eye on the exchange rate and difficulty. Welcome to CoinChoose! Explore the colorful world of cryptocurrencies and create a solid foundation for successful Bitcoin and crypto mining. I'll be using 8 Erupters with a Rosewill off of Raspbpi, once they get here:) (If only I had bought them when they were at their actual price, not inflated.

Oh well:) It'll be interesting to see the difference in numbers, in comparison to GPU mining from a single GTX 670 (max I have gotten is 298kh/s). I'm more interested in the aspect of mining/minting, and the cryptocurrency environment.and see what happens in a few years down the line. I do have a second motive, however, for doing this. I'm an fault analyst by trade, but I'm actually looking to use this endeavour of teaching myself how to put these together, and creating a workshop in my area for underprivileged kids that are interested in computers. This way, they can see all of the things that they can do, without the latest and greatest hardware.

How Do I Mine Peercoin? I generate little to no coins. Are mining Bitcoin and Peercoin. That will earn you 0.5 PPC per day. You can even buy sha256. Jan 19, 2014 - Currently, as PPC currently sits at a value of around $5.00 – That would mean that a.01 PPC fee (5 cents) would be reasonable if you wanted make a smaller. So if you're holding and minting (minting is basically mining in proof of stake) 100 peercoins for an entire year, you will automatically receive an. Contribute to peercoin development by creating an account on GitHub. If Bitcoin moves off block-chain, miners cannot be compensated for these transactions. This amount is subject to a holding period of a 520-block maturity window before you can use it again (i.e. Returns to your balance after 520 new blocks). Of Work) which is mining and ones with Proof of Stake - staking. To stake means to move coins to wallet from exchange and then keep wallet open. The coins will try staking and this way will grow. The first coin that i recall that staked was PPC - Peercoin. Its still alive but you need a really big stake to get anything there.

Perhaps give them a bit more interest in coding, programming, whatnot. To see a simple, small board put together and accomplish something, I think, would be very inspiring. Since I got a way bit off track there:)) Erupters in this market are running at mid 40-60 range (USD), and will net you only around 336 per. It is significantly less expensive than the box alternatives. If you aren't looking to absolutley roflstomp through coin gathering, that would be a good way to get started, and see if it was something that interested you enough to invest more.

From there, you can also look into contracting time from someone's rig, or possibly butterflylabs rental program per GH. With 100 to spend, however, you will not become the next Donald Trump:). Petrichor: Erupters in this market are running at mid 40-60 range (USD), and will net you only around 336 per. It is significantly less expensive than the box alternatives. If you aren't looking to absolutley roflstomp through coin gathering, that would be a good way to get started, and see if it was something that interested you enough to invest more.

From there, you can also look into contracting time from someone's rig, or possibly butterflylabs rental program per GH. You mean the erupters shall generate 336 ppc per month?

Where do I get these erupters? I'm based in Hong KOng though. I thought peercoin and primecoin were the same thing??? Hmmm oh well any way what I would really like to know is this --- Can i mine ppc with a 400Gh/s hashfast baby jet?

Thing is I am buying one and bitcoin is crap now so it will not be useful for that. Need to use it to mine something else profitable so it must be something that does not use a lot of power to mine and still makes profit. Also if anyone knows although this is not the right venue for this question, is it possible to mine namecoin by it's self or must it still be merge mined with btc? Also is there a good mining calculator for ppc? One that will allow me to put on 400Gh/s.

The one I found only allowed Mh/s and putting in 400,000,000,000,000,000 Mh/s did not compute with it thanks for your answers in advance. Your Hashfast rig will mine PPC, no problem there. As for what you can expect, if you use my hash rate and daily yield as a comparison, it should get you in the ballpark.

195 GH/s on the D7 mining pool: 9 PPC / day So running ~400 GH/s will net you somewhere in the neighborhood of 39 - 41 PPC per day, at the current difficulty (28,893,016.517580). Note, it's been going down slightly every block, presumably as people shift their hashing power back to BTC because of the changes in prices over the last couple of days.

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Q: What's the Difference between Peercoin and Bitcoin? A: Peercoin is a crypto-currency project forked from Bitcoin and we aim to achieve energy-efficiency and keep as much as possible the original Bitcoin's preferable properties. Q: What's Stake or Proof-of-Stake? A: Stake/Proof-of-Stake is term referring to the use of currency itself (ownership) to achieve certain goals.

In Peercoin proof-of-stake is used to provide minting and transaction processing in place of proof-of-work. Please refer to our design paper for details of this approach and our implementation. The 'stake' field in the getinfo output shows the currency amount you currently staked to protect the network.

This amount is subject to the holding period of 520-block maturity window before you can use it again (it would return to your balance once matured). Q: How is it energy-efficient when there is still mining? A: The energy efficiency we refer to is long-term energy efficiency, as in long term we do not require the use of energy to sustain the network. Currently proof-of-work remains the most practical way of providing initial minting of a crypto-currency.

So we decided to keep it as part of our hybrid design. Peercoin (now and) in the future has a plethora of miners all over the world because mining is done on layman personal computers (i.e., everyone holding PPC is incentivized to mine for stake because it's easy to do and a guaranteed increase in personal wealth). This highly decentralized and dispersed group of miners = significantly low chance of manipulations Q: Why do you need central checkpointing?

A: Decentralization is a hard problem. Can You Use A Raspberry Pi To Mine Komodo KMD here. In our first release we still rely on a centrally broadcasted checkpointing mechanism to fully protect the network.

We are actively considering/reviewing proposals to possibly substitute this part of the design and weaken/eliminate central checkpoint in the future to make peercoin approach the level of decentralization of Bitcoin. Q: When can I start generating proof-of-stake blocks? A: After 30 days the network would start seeing proof-of-stake blocks. If you have balance ppcoind would automatically try to generate stake for you. If you find a stake the reward is 1 cent per coin-year consumed (can be roughly understood as 1% interest annually). The reward amount is added to your stake amount and is shown together in the 'stake' field of getinfo output.

Because stake is withheld from spending for 520 blocks, if you do need to keep your balance around to be spent soon we provided a configuration option 'reservebalance' to help you keep your balance from being used by stake. You can add a line 'reservebalance=10000' to ppcoin.conf and restart your ppcoind. This way ppcoind would try to keep your balance above 10000 coins when generating stakes. Q: Can I use encrypted wallet?

Encrypted wallet is supported but there is some difference from Bitcoin. If you use an encrypted wallet you would have to unlock the wallet in order to mint blocks.

For user security we added an option to the walletpassphrase RPC command to mint block only. In this unlocked wallet mode, one cannot send transaction through RPC command thus providing additional security to the wallet if hacker gains access via RPC. Q: Is there a cap on total money supply like Bitcoin's 21 million? A: There is no hard cap other than a 2 billion coin max put into the code for now. But that should not be interpreted as an approachable cap, as it might never get anywhere close to that. It should not be considered a hard cap either as it may get lifted but that's likely not needed in a very very long time. Due to the nature of the mint rate design it's not possible to predict a final limit as it depends heavily on market participation, as well as the influences between proof-of-stake minting and fee destruction (there may not even be a mathematical limit if minting continues to outpace fee destruction).

What we do know is that the proof-of-work minting would slow down exponentially according to Moore's Law (we are aware that Moore's Law eventually would stop to apply), and proof-of-stake minting introduces at most 1% annual inflation. So generally speaking it is still a very low future-inflation design comparable to Bitcoin. In 0.2 release a 'moneysupply' stat is included in the getinfo output so everyone can see how many coins are in the market. Q: What us the math formula used to calculate how many Peercoins will be mined per day given the difficulty and a hasrate?

A: Mint per block is calculated as 9999 / (difficulty ** (1/4)) Then you can derive your expected daily earnings from there. Q: What is the value of PPC? A: shows PPC to BTC trading price This was good but i need more!!!

Hello everyone, I am new to this forum and I would like to start posting something that I think we are missing from the FAQ and the Wiki. It is about the so-called concept of 'Unlimited coins' of Peercoin. A misleading concept that we should clarify given that is becoming a reason why people is not even considering this coin. So lets get the facts first; the majority of cryptocurrencies have a limit imposed in it's code that would not let generate more coins than that limit (supposing that this number of coins is ever reached) • BTC: 21 million coins • LTC: 84 million coins (4x BTC Limit) • PPC: 2000 million (2 billion as mentioned in the wiki) coins These limits are far, far away in time, not even reached by year 2030+. But what I am seeing now is that: • BTC block reward drops by half every 4 years, so more time = less coins generated until it will be unnoticeable • LTC block reward drops by half every 4 years, so more time = less coins generated until it will be unnoticeable (same as BTC) BUT a block with 50 coins is generated every 2.5 minutes, so more money in the same 4 years, x4 as planned. • PPC block reward drops by half every 16x hash power increase in the network, something that is happening regulary, like in btc or any other cryptocurrency.

Explained in, specially the 'Total Money Supply Curve' shows almost exponential decrease in the coins generated for the total PPC money supply So the question is: with the current rates, is it posible that in 1-2 years there will be more LTC than PPC? Making some fast calculations, in October 2015 (before LTC reward drop) there will be around 24 millions PPC and 42.076.000 LTC? Is that even remotely aproximate? I like this conversation, thanks for bringing it up. Are these calculations correct? I'm trying to understand this all myself, so putting it together like this is helpful (as long as I got it right): Current LTC in circulation: 23,394,442 Current PPC in circulation: 20,813,530 So, right off the bat, they've already got a lead on total units in circulation. PPC Block reward (166.22 PPC * ~33 PoW blocks): +5,485 PPC / day (~+6,000/day with PoS - txn fees) LTC Block reward (50 LTC / 150 seconds): +28,800 LTC / day In that case, that means that the Litecoin network is generating 28,800 LTC per day == 10,512,000 LTC in 2014* Add in the 34 days left in this year * 28,800 == and you get a total supply at the end of 2014 that is approximately.

23,394,442 (current) + 979,200 (rest of 2013) + 10,512,000 (2014) 34,885,642 LTC (cumulative, end of 2014) If Peercoin's supply curve stays approximately the same (though with the increased network hashrate, I expect the PoW block rewards will decrease significantly), is this calculation correct? 20,813,530 (current) + 204,000 (rest of 2013) + 2,190,000 (2014) 23,207,530 PPC (cumulative, end of 2014) If those values are right, am I correct to summarize it like this? • Litecoin's monetary supply will, by the end of 2014, be 49.1% (11,491,200 LTC) larger than it is today • Peercoin's monetary supply will be 11.5% (2,394,000 PPC) larger than it is today *assuming the block reward doesn't halve next year, which I don't think it is scheduled to. Making some fast calculations, in October 2015 (before LTC reward drop) there will be around 24 millions PPC and 42.076.000 LTC? Is that even remotely aproximate?

34,885,642 LTC (Jan. 1, 2015) + (28,800 LTC per day * 303 days until Oct. 31, 2015) = 43,612,042 LTC (est., Nov. 1, 2015) Peercoin is hard to predict, because the network hashrate continues to grow and block rewards keep being halved. Your estimation of 24,000,000 PPC in circulation on Nov.

1, 2015 is as good a guess as mine. If that's the case, and my math works out right, there are 1.119 LTC / 1.000 PPC (today), but in November of 2015 that ratio will be 1.817 LTC / 1.000 PPC. Exodus: I have a general question if someone can help me out here. I just started mining this morning at around 1a.m.

And i have not seen any transactions happen yet. I was wondering how long does it take before you can actually see any xpm go into your wallet? I also have my debug window open along with my cmd prompt window open too.

I don't know which one i should leave open. Any suggestions on that as well?

Thank you in advance. Mining is a very random process, and is affected by factors like luck, as well as the speed/power of your computer. At this point, XPM are very difficult to mine on your own without joining a pool, so don't be concerned if you don't see any for days (or weeks). Leaving both windows open shouldn't be a problem as long as you see that the mining is working (your computer's fans will likely be on if you are mining).