Author Topic: BitShares-PTS 1.0 Release (2.18.2014)  (Read 49791 times)

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Offline yoshiwatusi

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #147 on: October 22, 2014, 06:23:31 pm »
I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.

thank you

Offline yoshiwatusi

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #146 on: October 22, 2014, 06:23:02 pm »
I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.

why did they clone bitcoin for then.. lulz

Offline biophil

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #145 on: October 22, 2014, 06:15:20 pm »
I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

Offline Stan

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #144 on: October 22, 2014, 06:13:13 pm »
I'm beginning to think bitshares sucks

Yep. Like a market share vacuum cleaner!  :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline yoshiwatusi

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #143 on: October 22, 2014, 05:53:34 pm »
I'm beginning to think bitshares sucks

Offline yoshiwatusi

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #142 on: October 22, 2014, 05:44:53 pm »
how long does it take to have a confirmation? I'm trying to withdraw pts from my wallet to beer and 30 min after, not 1 confirmation...

Offline biophil

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #141 on: October 16, 2014, 05:44:04 pm »
Anyone having issues dumping the private key using this client?  Please help.

Is your wallet locked? You can't dumpprivkey unless you've already run walletpassphrase and unlocked the wallet.
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Offline educatedwarrior

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #140 on: October 16, 2014, 05:36:12 pm »
Anyone having issues dumping the private key using this client?  Please help. 
BTSX: codeblooded   |   PTS: PiiQ6ZECCRYawcZFc8ZGbvjuCjCnBVuPjA
BTSX delegate: wallet_approve_delegate codeblooded true

Offline testz

Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #139 on: September 11, 2014, 05:34:13 pm »
Question, is the 2M cap a hard limit? what happens at 2M?

if the 2M cap is a hard limit, then I assume PoW mining will no longer work after the cap is reached?

No 2M not hard limit: "Total coins: Around 2 million, with 1% inflation after 2 years" (see OP: https://bitcointalk.org/index.php?topic=325261.0)
But until end of this year we have plans to move BitShares PTS onto BitShares toolkit (DPOS).

Offline kokojie

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #138 on: September 11, 2014, 04:18:26 pm »
Question, is the 2M cap a hard limit? what happens at 2M?

if the 2M cap is a hard limit, then I assume PoW mining will no longer work after the cap is reached?

Offline sky

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #137 on: August 31, 2014, 09:33:10 am »
I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX  8)

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

You can't mine BTSX, you can promote yourself as delegate and if you get enough votes you will participate in block creation.
More info about DPOS: http://wiki.bitshares.org/index.php/DPOS
Delegate election thread: https://bitsharestalk.org/index.php?board=61.0

aha I see - thx

Offline testz

Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #136 on: August 31, 2014, 09:16:37 am »
I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX  8)

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

You can't mine BTSX, you can promote yourself as delegate and if you get enough votes you will participate in block creation.
More info about DPOS: http://wiki.bitshares.org/index.php/DPOS
Delegate election thread: https://bitsharestalk.org/index.php?board=61.0

Offline sky

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #135 on: August 31, 2014, 09:12:24 am »
I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX  8)

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

chryspano

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #134 on: August 16, 2014, 02:52:50 pm »
I downloaded the PTS Wallet for Mac just recently.  I can't download the blockchain.  It says "No block source available" and "0 active connections"

I tried restarting the wallet.  still nothing.  any help would be greatly appreciated.  thanks!

In the console you can type... addnode=cryptoseed.cloudapp.net or check these threads for another node or solution...

https://bitsharestalk.org/index.php?topic=355.0

https://bitsharestalk.org/index.php?topic=172.0


Offline jaredboice

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Re: BitShares-PTS 1.0 Release (2.18.2014)
« Reply #133 on: August 16, 2014, 01:34:48 pm »
I downloaded the PTS Wallet for Mac just recently.  I can't download the blockchain.  It says "No block source available" and "0 active connections"

I tried restarting the wallet.  still nothing.  any help would be greatly appreciated.  thanks!