POS minting guide

General
1

Could we have a pinned POS minting guide in this gen discussion board.

I am particularly interested in any risks associated with minting…so they can be highlighted and solved and thus allay any fears.

2

I have a new board “Getting Started Guides” http://www.peercointalk.org/index.php?board=56.0 where all the useful guides to get setup on peercoin will be put.

http://www.peercointalk.org/index.php?topic=769.0 is one guide that links to the bitcointalk thread.

Ben wrote up a guide for mac users - http://www.peercointalk.org/index.php?topic=1104.0

I plan to write up myself the POS minting I am doing at the moment on Linux and will post link here -

There was much discussion on POS minting on windows and possible flaws in running the Qt and the daemon… i never could get my PC to run both at same time, and daemon never liked the blockchain hence I minted on linux… i’ll see if I can dig out that thread and will link here -

But lets use this thread to discuss any risks associated with POS minting

Fuzzybear

3

do we need to club together to raise funds/bounty to get any possible flaw fixed.

or is 0.4.0 going to get it fixed.

I like the way LTC raised funds, it was very effective…the problem here is sunny king wont take donations/funds…but that doesn’t mean we can attract some good skills who can perhaps work on particular issues. In fact some of the LTC team maybe able to help out here.

4

I think Ben has already made the tutorial a sticky one:
(Tutorial) Configuring Peercoin Proof-of-Stake Minting on OS X
http://www.peercointalk.org/index.php?topic=1104.0

5

[quote=“FuzzyBear, post:2, topic:1296”]I have a new board “Getting Started Guides” http://www.peercointalk.org/index.php?board=56.0 where all the useful guides to get setup on peercoin will be put.

http://www.peercointalk.org/index.php?topic=769.0 is one guide that links to the bitcointalk thread.

I plan to ask Ben to write up a guide for mac users which I will add the link here when it is done -

I plan to write up myself the POS minting I am doing at the moment on Linux and will post link here -

There was much discussion on POS minting on windows and possible flaws in running the Qt and the daemon… i never could get my PC to run both at same time, and daemon never liked the blockchain hence I minted on linux… i’ll see if I can dig out that thread and will link here -

But lets use this thread to discuss any risks associated with POS minting

Fuzzybear[/quote]

Great, I’m actively trying to mint a 100+ coins with 30d+ coinage on Windows.
I’ve ignored the risk as described somewhere that by opening the client up for minting, transactions can be made without requiring further confirmation. It that’s true I’m vulnerable to attacks when my PC is taken over by a hacker.
Having all the firewalls and virusscanners in place and not downloading dodge websites or opening unknown emails, I think the risk of such an attack is pretty low, but not zero.

Interested in other views and I hope the 0.4 Windows client will sort this out soon.

6

weird i thought that if u have your wallet encrypted even when minting there is no chance of someone sending over your coins :-\

7

That’s how I understand it. It’s unlocked for minting but encrypted. Seems safe to me. :slight_smile:

I dunno if this is the best place for it, but if I have 59 PPC with way over 30 days coin age, how long might I expect to wait to see any coins minted? I’ve had it minting for almost a week now and I’ve seen nothing. I know it can be random but maybe there’s an average? I’m being patient, just curious!

8

That’s how I understand it. It’s unlocked for minting but encrypted. Seems safe to me. :slight_smile:

I dunno if this is the best place for it, but if I have 59 PPC with way over 30 days coin age, how long might I expect to wait to see any coins minted? I’ve had it minting for almost a week now and I’ve seen nothing. I know it can be random but maybe there’s an average? I’m being patient, just curious![/quote]
It will take 22.74 days on average for 30 days coinage according to the experimental calculator I posted here: Cryptoblog - notícias sobre bitcoin e criptomoedas!
There is also the whole rational behind it, if you are really interested read the thread. But it still is experimental, so no guarantees.

Here is the direct link to the spreadsheet with the model:

Edit: BTW there is a bug in the 0.3.0 client which causes it not to lock properly. If you want to play safe, please download Fuzzybear’s 0.3.2 client (on the forum) or wait until v0.4 is released.

9

That’s how I understand it. It’s unlocked for minting but encrypted. Seems safe to me. :slight_smile:

[…][/quote]

There is a flaw in the current version of the Peercoin client (v0.3). Please have a look here, as this flaw can easily be mitigated until it is fixed in future client versions:

10

Thanks for showing me. I’m using Fuzzybear’s client now.

11

Thanks for showing!