Video of minting while it is happening

Is there a good video of what happens when you actually mint, e.g. so people don’t freak when they see coins move around etc.

Also an explanation of say if you lost power during minting or had a restart might be useful

I’m not talking about setting minting up but actually minting

I guess most people are not keen to video their wallet.

I had (addresses in) my wallet minting twice. The only changes are:

  1. Balance is reduced with number of PPC at stake
  2. Stake is increased with number of PPC at stake
    There is a bug that requires the client to restart before the stake is properly displayed.

After 500 blocks the stake is released and above changes are reversed.

When the block is created (minting started), there is also a transaction created for the amount of interest you earned on the stake.

As this is an interesting event, I’ve proposed in my dream wallet post to add a sound when it happens (e.g. sound of coins). Or maybe a popup congratulating the owner with the succesfull creation of a block and interest gained.

I’m interested in the same but understand that most people are a bit private about their wallets.

Maybe they can blur out some important areas of the video and post for us newbs ;D

I would assume losing power and such would affect the minting just for the amount of time that you are disconnected from the network? Once you sync back up your good to go?

While attempting to mint, nothing really happens that is outwardly visible. Should your network or power go down while doing it, you’ll just lose the chances that you would have had during that outage, but it won’t affect an actual mint.

When you solve a block, it is recognized instantly by the wallet, and then sent to the network for validation.

If I could predictably capture a video, I’d be fine releasing it, but it is so variable, I’ve never been around when it happens :frowning:

I like the idea of a sound/notice in the client, but it isn’t really a common occurrence, so it may also be “gold-plating” on the app, at this point.

[quote=“SBJiuJitsu, post:3, topic:1906”]I’m interested in the same but understand that most people are a bit private about their wallets.

Maybe they can blur out some important areas of the video and post for us newbs ;D

I would assume losing power and such would affect the minting just for the amount of time that you are disconnected from the network? Once you sync back up your good to go?[/quote]
The important areas are the areas of interest, so that doesn’t really work quite well. It’s like blurring the object you want to clearly see.

The block creation itself happens within a second and is based on an already computed hash as I understand. So only if your computer breaks during that very second of block creation and halfway sending a packet to the network your block might not be created. I’m sure that there are consistency checks in the network preventing broken blocks. Worst case you have to validate or repair you wallet. In all events you need to have a good backup of your wallet.dat if that fails. Just to reiterate for the newbs, the wallet.dat only holds the key to your wallet, your balance of coins and transaction are in the network (the blockchain).

After the block creation your PPCs are at stake for 500 blocks (about 3 days). It doesn’t matter whether you have your client on or off during that period as the block has already been created and your interest has been added to your balance.

Edit: @Ben, you just beat me in answering. If you’re ok with it, I think there is software where you can capture what happens on your screen. You could run and clear the logs every day until minting happens. Of course you need a wallet with a large stake which is due for minting.

“Oh, I’ve got a big stake, baby…block performance won’t be a problem.”

That may be the only time that line ever get used :slight_smile:

i’ve my client open all the time but never see it mint before…

volume too low :’(

so if I get this right, the coins used to mint get sent back to a different change address and the coins you ear co to a new address bot him your wallet is that right?

Correct, both the earned coins and the coins used to mint return to a new address in the wallet as far as I can tell.
Unfortunately this process also creates many addresses with a very small number of earned coins. I left multiple addresses in my wallet hoping to save some transaction costs, but that appeared not to be a smart move when you start minting. So I figured out that I need to transfer all those small addresses into another wallet as one chunk. At the moment I can’t select those addresses which already have minted or are just the earned coins without destroying the coinage of the other addresses. That seems to be impossible with the current wallet (v0.3.2FB). Hope wallet v0.5 will bring this functionality to the GUI anyway.

Correct, both the earned coins and the coins used to mint return to a new address in the wallet as far as I can tell.
Unfortunately this process also creates many addresses with a very small number of earned coins. I left multiple addresses in my wallet hoping to save some transaction costs, but that appeared not to be a smart move when you start minting. So I figured out that I need to transfer all those small addresses into another wallet as one chunk. At the moment I can’t select those addresses which already have minted or are just the earned coins without destroying the coinage of the other addresses. That seems to be impossible with the current wallet (v0.3.2FB). Hope wallet v0.5 will bring this functionality to the GUI anyway.[/quote]
While verifying my stakes in the blockchain it appears that they actually return to the same address. Digging deeper, I also found a comment from SunnyKing about this and confirming this:
Sunny King: @Romerun The default minter in ppcoin client always keep the stake on the same address where it comes from. So yes it can be traced back on the same address, but it doesn’t reveal much additional information with respect to privacy.

My apologies for the wrong statement in my earlier post, and I’ll do more due diligence in the future instead of blindly relying on vague sources (lesson learnt)