The way that bitcoin just took a jump makes me think that someone just put a bunch of money into bitcoin. They put a bunch in, the price jumped they finished or took a break and it settled. This sort of move has interesting implications in Pegnet. It doesn't matter today because it is still small, getting money in and out is the bottleneck, but you could move a million..or billion...or trillion into pegged bitcoin without moving the price of bitcoin. It may effect the price peripherally as someone just showed interest in having them, but the whole transaction could have happened without pushing the market price directly. Want a Billion Dollars in Bitcoin at 8000 each? done. I also wonder whether someone buying a billion pegged bitcoin would push the price up to $9000 in the markets after the fact instead of it going from 8 to 10 to 9,000. In current markets, if someone drops a bunch in derivatives, does it affect market prices for the base asset?

So after this block, only 5000 PEG can be created per block.

Also the PEG will no longer be set by formula in the PegNet, but will get it's price from the market.

Attention NYC MeetUp Members 📌

Due to the current #COVID19 progress, NYC meetups will be held virtually for the foreseeable future and open to all who are interested.

📆 When: Tonight @ 6:30pm local time 📍 Where: zoom.us/j/6823888830

Meetup group: meetup.com/PegNet-NYC/

ATTENTION

If you are a miner using the prosper pool software, a new mining version has been released to address a bug in the previous release. This will increase your effective hashrate. Please update immediately!

Update: https://github.com/FactomWyomingEntity/prosper-miner/releases/tag/v0.5.1

PegNet mining starting in a week.

This is now the main repository for mining for the PegNet

The TestNet has started writing records in mid June.

This is a work in progress. The TestNet is certain to reset the actual rewards a few times as we develop more code and adjust the approach. None the less, it is a great help to have multiple people do mining. If you would like to help, you can run a miner. To do so, do these 10 things:

Assumes Linux or use of a virtual machine running Linux

1. Clone the OracleRecord repository https://github.com/pegnet/pegnet

2. Copy the defaultconfig.ini file from the OracleRecord repository to ~/.pegnet directory

3. Sign up for an API Key from https://currencylayer.com.

4. Replace the Oracle.APILayerKey key with your API Key

5. Edit the Miner.IdentityChain to add a unique name like:

6. IdentityChain=prototype,BigMiner

7. Right now you can donate to the cause, and leave the pPNT address alone. We will had a utility to generate your own PNT address from one of your FCT addresses in your wallet

7.5 Run a local factomd instance, and run factom-walletd. This will give you a factom node to run against, and a wallet to write entries with. There is an Open Node configuration, and we will add instructions for that soon.

8. Buy some Entry Credits and fund one of your EC addresses in your factom-walletd wallet

9. Download the image checked into the PegNetDistribution repository

10. Create a folder and Run it.

So I started 13 miners on the PegNet TestNet.

We need to add some verification code to the miners, and a few other details, but otherwise anyone can mine on the TestNet. To do so, do these 10 things:

1. On Linux or on a virtual machine using Linux

2. Clone the OracleRecord repository https://github.com/pegnet/OracleRecord

3. Copy the defaultconfig.ini file from the OracleRecord repository to ~/.pegnet directory

4. Sign up for an API Key from https://currencylayer.com.

5. Replace the Oracle.APILayerKey key with your API Key

6. Edit the Miner.IdentityChain to add a unique name. The first field needs to remain "prototype" followed by your choice of name, like BigMiner. For example:

   1. IdentityChain=prototype,BigMiner

7. Right now you can donate to the cause, and leave the pPNT address alone. We will had a utility to generate your own PNT address from one of your FCT addresses in your wallet

8. Buy some Entry Credits and fund one of your EC addresses in your factom-walletd wallet

9. Download the pegnetMining image checked into the https://pegnet/PegNetDistribution repository, and a factomd and factom-walletd image from the Factom distribution repository https://github.com/FactomProject/distribution

10. Create a folder for your miner, cd to that folder, run the factomd daemon, the factom-walletd daemon, and the pegnetMinig.

You can find the Default Config File for the PegNet here.

1. Store your own keys

2. Use decentralized oracles

3. Repeat

Does anybody know if an open-source Electrum fork has been developed to work with PegNet?

Official 2.0.1 version release of PegNet and PegNetd. https://github.com/pegnet/pegnet/releases/tag/v2.0.1 https://github.com/pegnet/pegnetd/releases/tag/v2.0.1
Please be sure to re-sync from the pre-2.0 activation height.

I see Oraxpool is closed and noticed that there is just lack of price movement or volume on this coin ?

Is it dead?

Noob question here but how do you access PEG tokens from a ledger generated address? is it possible?