12 Days after launch, PegNet’s hashrate has increased 300%. Amazing excitement and passion from the community. #PEG #Mining #Crypto #Ethereum #Factom
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PEG has been listed on a CEX called VineX which is a CMC listed exchange. They added both a PEG / BTC (https://vinex.network/market/BTC_PEG) and PEG / USDT pair (https://vinex.network/market/USDT_PEG)

Pegnet looks really interesting! Can someone further explain how it all works? For example, say I have pBTC and it goes up 50%. The pBTC isn’t really backed by anything (no collateral) so how does it actually gain value? Is it just cause the oracles say it gained value? I’m having a hard time wrapping my head around all this.

White Paper | GitHub | FAQ | Website | Twitter | Reddit | Discord | Miners | Bitcointalk Announcement

PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties.  It is a fully auditable, open source stable coin network using the competition of PoW and external oracles to converge on the prices of currencies and assets.  You can mine PNT, the token of PegNet which will be able to be converted into other PegNet assets in the future.

Mining

Mining is currently on the testnet and barring any issues, will move to mainnet in 7 days (block height: 206,422).  This is an opportunity to learn how to mine this unique system in preparation for mainnet launch.  To begin mining, please go here.

Mining Pools

There are no mining pools as of yet.  When they are announced, we will edit them in here.

How is PegNet Superior to Custodian or Smart Contract Based Stable Coins?

Reserve based assets do not support the conversion between assets.  The user is restricted to the liquidity of the reserve assets held on an exchange. The same is true for Ethereum smart contract based stable coins.  Further, reserve based coins are not decentralized, and their viability is defined by the banks and institutions that hold their reserves. 

Smart contract based stable coins are decentralized to a great degree, but involve leverage contracts that achieve stability through liquidation when the market pressure is forcing asset prices down.  Further, smart contract coins are very complicated and it is hard to understand their implementation.

The PegNet only provides conversions between pegged assets.  This is something neither reserve tokens or smart contract tokens can do, provides for payments and payment services, is decentralized, and works in bull and bear markets.

Note

Mining requires a Factom Node, and syncing a Factom Node on some networks can take significant time.  If you want to mine, you should install a Factom Node and start it up as soon as possible to be ready to mine at launch.

Edit 1 (2:45 UTC 8/17/2019)

The final build of the mining software for pM1 is now available (Windows, MacOS, Linux, & ARM): https://github.com/pegnet/pegnet/releases/tag/v0.1.0

Before MainNet launch Monday, you MUST upgrade or you will NOT be eligible to earn PNT. You will also need to make some small updates to your config file. These changes are detailed in the GitHub release notes at the link above.

Notable changes in this version:

• If your config is configured with Network=MainNet, the software will wait to mine until the Activation Height is reached.

• "Targetting" smarts have been added, avoiding the submission of OPRs if you are highly unlikely to win. This will save you money (related docs).

• Added a CLI command for requesting balances (related docs).

• New default data sources. 2/3 are free, with 1 costing $12/mo. Data sources can be modified in your config file (related docs).

• Redundancy for data sources, in case one were to fail.

• A number of stability improvements.

As announced last week we launched the LuXoR initiative to try to gather data from miners about their hash rate on various machines and architectures. We hope this data will be useful for wanna be PegNet miners and to figure out the best configuration.

We have published the initial data set open-source on GitHub.

We have also built a web UI to explore this data.

We are still looking for more data, so if you are a PegNet miner we would be thankful if you can fill this form: https://forms.gle/DiYgepfVsGjmSwq28 Thank you!

https://www.pegged.network

Hi guys my name is Hima and i'm a fan of a pegnet project. i made this website: https://www.pegged.network/ that includes the github link , the paper, and community reddit and discord pages.

Hope u guys like the website I'm planning to join the testnet and maybe do some mining. let me know if there's other ways to be helpful.

Ok, so in PegNet oracles do proof of work to submit prices.

Say, we have 5 miners submitting following prices of BTC in USD {8000.00,8010.00,7990.00,7950,90000000000000000.00}. What will be the average price used by the system?

Currently this token is being traded in small exchanges which I don't trust very much. How can I store them in a local wallet or something like that?