Difference between revisions of "FAQ"

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{{#seo:
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|title=Ravencoin Wiki: FAQ
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|keywords=Ravencoin FAQ
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|description=Answers to some of the Frequently Asked Questions about Ravencoin seen on the various community chats.
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}}
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__TOC__
 
__TOC__
  
 
== Coin launch / structure ==
 
== Coin launch / structure ==
  
−
=== Why is RVN any better than <insert coin here>? ===
+
=== Where's the whitepaper? ===
−
Some thoughts about the potential future direction of RVN have been captured in [[The Fenton Files]] ''(I'd personally really recommend a read through of that to help understand the background)''
+
A paper describing the intention for Ravencoin is available on the Ravencoin.org site [https://ravencoin.org/Ravencoin.pdf here] other papers are also linked [https://ravencoin.org/whitepaper/ here]
 +
 
 +
=== What's the roadmap for Ravencoin? ===
 +
[https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md]
  
−
=== Are there Masternodes? ===
+
All papers are linked to from [https://ravencoin.org/whitepaper/ https://ravencoin.org/whitepaper/]. The [[Development | Development section]] also summarizes all roadmap phases.
−
No.  
 
  
−
=== When is the ICO? ===
+
=== Any ICO/Premine/Masternodes? ===
−
There isn't going to be an ICO. Ravencoin is a fair launch, open source project focused on building good code with a good use-case.
+
No. Ravencoin had a fair launch, open source project focused on building good code with a good use-case. It was [https://twitter.com/brucefenton/status/948682276229074945 announced on twitter] and discussed at several meetups months prior to launch. There's a timeline of some of these events [https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1NKsWx5sSG90GjbbwZaOav6D_bAOdnlBjPBAjJtZzXr4&font=Default&lang=en&initial_zoom=2&height=650 here]
  
−
=== Was it pre-mined? ===
+
Further points about the launch where made on [https://raven.wiki/w/index.php?title=The_Fenton_Files&mobileaction=toggle_view_desktop#6_May_2018_-_Telegram Telegram on the 6th May 2018]
−
No - it was [https://twitter.com/brucefenton/status/948682276229074945 announced on twitter] and discussed at a few meetups prior to that. There's a timeline of some of the events [https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1NKsWx5sSG90GjbbwZaOav6D_bAOdnlBjPBAjJtZzXr4&font=Default&lang=en&initial_zoom=2&height=650 here]
 
  
 
===The devs should do <insert topic here> / Why aren't the devs doing <insert topic here>? ===
 
===The devs should do <insert topic here> / Why aren't the devs doing <insert topic here>? ===
−
This is an open source project. You can do whatever you want with it. Read [[The Fenton Files]] for more thoughts about the coin. The devs are focused on the code development inline with the roadmap. Members of the community can build tools and websites around the coin that they think could be useful.
+
This is an open source project. You can do whatever you want with it. The devs are focused on the code development inline with the roadmap. Members of the community can build tools and websites around the coin that they think could be useful.
−
 
 
−
=== How come some people have 100,000's if it wasn't premined? ===
 
−
There were people that started when difficulty was well under 100 rather than where it is now. Some people rented hundreds of cloud CPU's to mine it before the GPU miner software was developed for the community. Some have still have huge gpu rigs pointed at pools. All coins in circulation have been generated the same way, fair mining.
 
  
 
=== What's the max supply? ===
 
=== What's the max supply? ===
Line 26: Line 30:
 
=== What's the halving rate? ===
 
=== What's the halving rate? ===
 
The same as bitcoin so every 4 years or so. 2100000 blocks (1block / min * 60mins * 24hrs * 365 days * 4yrs)
 
The same as bitcoin so every 4 years or so. 2100000 blocks (1block / min * 60mins * 24hrs * 365 days * 4yrs)
 +
 +
https://ravencoin.org/halving/ read more here.
  
 
=== When will all be mined? ===
 
=== When will all be mined? ===
Line 33: Line 39:
 
== Trading Questions ==
 
== Trading Questions ==
  
−
=== When will RVN be on an exchange? ===
+
=== When will RVN be on more / better exchanges? ===
 +
 
 +
RVN is listed on multiple exchanges.
 +
 
 +
There's an exchange liaison group on discord with a number of people talking to exchanges and software and hardware wallets.
 +
 
 +
The group has a working document [[Exchange | Exchanges]] and an [[Exchange FAQ]] on this wiki.
  
−
It's on the following exchanges:
+
== Mining ==
  
−
[https://wallet.crypto-bridge.org/market/BRIDGE.RVN_BRIDGE.BTC Crypto Bridge]
+
=== How do I mine Ravencoin? ===
  
−
[https://nanex.co/exchange/RVNNANO Nanex]
+
There is dedicated '''[[mining]]''' page, including links to the opensource mining software for both nVidia and AMD cards. The [[Guides]] page contains multiple how to videos.
  
−
=== When will RVN be on more / better exchanges? ===
+
=== Can I mine with my CPU / CPU or GPU mining which is better? ===
 +
 
 +
CPU mining is not worthwhile anymore. You can mine with your CPU using the wallet (''setgenerate true -1'' to use all your CPUs, however you are extremely unlikely to mine a block). The network hash rate is very large so a single CPU isn't going to contribute much.
 +
 
 +
=== Which miner is best? ===
 +
 
 +
Miner Devs update their software very often. The best place is to ask on [https://discordapp.com/invite/jn6uhur Discord] #mining.
  
−
At the time of writing: when the exchanges decide to list it, or someone pays to list it. It's an open source project so anyone can pay for it's listing on any exchange, however, the general consensus at moment is to wait until the technology of the coin is further developed.
+
=== Which pool is best? ===
  
−
=== What's the going rate for RVN? ===
+
All the [[Pools]] are pretty good, and as with most things tech, they all have issues from time to time. On average you'll get a larger share of fewer blocks with the smaller pools and a smaller share of more blocks with the larger pools. There are support channels for most of the pools on [https://discordapp.com/invite/jn6uhur Discord]. The pools can be compared [https://www.rvnstats.info/d/TcDzUYmmz/x16r-ravencoin-mining-pool-statistics-v1-3 here].
  
−
Check the exchanges above.
+
Mining on a big pool will give you many tiny payouts, vs mining on a small pool will give you fewer large payouts. Over time it will average out and you will earn the same amount of coins.
  
−
== Mining ==
+
A good recommendation when choosing a pool is any pool not in the top 3 highest hashrate, but any other pool with at least around 0,5% of network hash rate so the pool will hit some blocks each day. Or if we want to help build up a tiny pool, go for an even smaller one.
  
−
=== How do I mine Ravencoin? ===
+
The reason we want to not go for the pools with the highest hashrate is to spread the hash and secure our network. Read up on [https://en.bitcoin.it/wiki/Majority_attack 51% attack here].
−
At a high level:
 
  
−
# Read the getting started article: [https://virtopia.ca/how-to-mine-ravencoin-rvn/ virtopia.ca]
+
=== When do we get paid ===
−
# Download the wallet from [https://github.com/RavenProject/Ravencoin github], install and get a receiving address
 
−
# Select a pool from the [[pools]] list
 
−
# Download the miner software, edit the config to include the pool you want to mine on, and enter your wallet address for payment and run.
 
  
−
There is more detail on the [[mining]] page, including links to the opensource mining software for both nVidia and AMD cards.
+
Payouts come from a block found by the pool that we have valid shares on. After a block is found it needs to be confirmed by the 100 next blocks, and since block time is 1min for Ravencoin this is about 100 mins. Coins are called immature while being confirmed. Once the coins are confirmed they are spendable, and will be paid out by the pool on the next payout cycle. Coins are often called matured coins at this stage.
  
−
=== Can I mine with my CPU / CPU or GPU mining which is better? ===
+
=== I just started mining 30mins ago, why are my rewards so low ===
  
−
Yes you can mine with your CPU however you're unlikely to earn many Ravencoin. The net hash is now pretty large so a single CPU isn't going to contribute much. Obviously, if you've got a lot of CPU's or high-end ones you many earn more. Generally, people are running GPU's in one of the [[Pools]].
+
Pplns vs pps, is often the answer. In a pool with pplns - Pay Per Last N Shares - we build up over rounds(N) our share in the reward(block). Suprnova uses 20 - 25 rounds for N.
  
−
=== What hash rate should be be getting for my cards? ===
+
PPS - Pay Per Share, the sum of our submitted (accepted) shares divided by total submitted shares on the pool by other miners, gives us our percentage of the next block.
−
[https://twitter.com/BitsBeTrippin/status/973326840508157952?s=09 bitsbetripping table]
 
  
−
=== Which pool is best? ===
+
yiimp based pools (such as ravenminer.com, yiimp.eu, cryptopool.party) by default use a custom approach to rewards. All shares are saved for as long as it takes to find a block. Then, when a block is found: 1) rewards are divided proportionally among valid shares. 2) Valid shares older than 5 minutes prior to the block being found are then deleted. [https://github.com/tpruvot/yiimp/blob/next/web/yaamp/core/backend/blocks.php] This has the effect that all miners get close to a fresh start with each new block.
  
−
All the [[Pools]] are pretty good, and as with most things tech they all have issues from time to time. On average you'll get a larger share of fewer blocks with the smaller pools and a smaller share of more blocks with the larger pools. There are support channels for most of the pools on discord. The pools can be compared [https://rvnstats.info/dashboard/db/x16r-ravencoin-mining-pool-statistics-v0-1?refresh=1m&orgId=1 here].
+
Pplns will give us more rewards in long term mining. [https://minergate.com/faq/difference-between-pps-and-pplns Read more here] and [https://bitcointalk.org/index.php?topic=39832 here.]
  
 
=== Why is the difficulty going up / down? ===
 
=== Why is the difficulty going up / down? ===
 
The network tries to maintain 1 block being solved per minute over 2016 blocks before retargeting difficulty. If miners have found more than 1 block per minute during the previous 2016 blocks the network difficulty will go up to bring the average block time back to 1 per minute. If miners are solving blocks slower the opposite will happen.
 
The network tries to maintain 1 block being solved per minute over 2016 blocks before retargeting difficulty. If miners have found more than 1 block per minute during the previous 2016 blocks the network difficulty will go up to bring the average block time back to 1 per minute. If miners are solving blocks slower the opposite will happen.
  
−
=== Why is my hash rate going up and down? ===
+
=== What hash rate should I be getting for my cards? ===
−
The X16r algo consists of 16 different algos, and the order is based on the last 16 bits of the last block. We can get a better displayed hashrate on ccminer/nevermore by adding the following to the end of the bat file:
+
 
−
-N 600
+
There are some conservative numbers on [http://whattomine.com/ WhatToMine]
 +
 
 +
[https://docs.google.com/spreadsheets/d/1_d-BzXjpIUS8zUoQrxGQW90v-zCap7VKMfpZ4sQ2Gqg/ User-submitted spreadsheet for kawpow]
 +
 
 +
[https://ravencoinhashrate.space/ Ravencoin Hashrate] website (outdated)
  
 
== Community type questions ==
 
== Community type questions ==
  
−
The [[community]] page links to a lot of the resources available.  
+
The '''[[community]]''' page links to a lot of the resources available.  
  
 
=== What's the link for Ravencoin Community Discord? ===
 
=== What's the link for Ravencoin Community Discord? ===
−
[https://discord.gg/CXkJcC3 New Discord] - original discord link is [https://discordapp.com/invite/M9hUESq here]
+
[https://discord.gg/CXkJcC3 Discord]
  
 
== How do I do <topic here> with the wallet? ==
 
== How do I do <topic here> with the wallet? ==
 
Many questions about the wallet can be answered by searching the same question for the Bitcoin wallet. The [https://en.bitcoin.it Bitcoin wiki] and [https://stackoverflow.com/questions/tagged/bitcoin Bitcoin on StackOverflow] are two great resources which might already have answers to your question.
 
Many questions about the wallet can be answered by searching the same question for the Bitcoin wallet. The [https://en.bitcoin.it Bitcoin wiki] and [https://stackoverflow.com/questions/tagged/bitcoin Bitcoin on StackOverflow] are two great resources which might already have answers to your question.
 +
 +
[[Best_practices#General_wallet_guide|General wallet guide]]
 +
 +
'''[[Best practices]]''' for how to keep your coins safe.
 +
=== How do I get a receiving address? ===
 +
At the time of writing the Raven QT wallet is largely the same as the Bitcoin QT wallet - there are numerous guides via Google on setting up the Bitcoin QT wallet.
 +
 +
In summary, install the wallet then:
 +
 +
For a receiving address:
 +
 +
Click File > Receiving Address > New, enter a name for your address, click OK - you should then see your new address
 +
 +
There is a more detailed [[Best_practices#General_wallet_guide|General wallet guide]] on Best practices page.
 +
 +
=== Wallet problems ===
 +
 +
There is a dedicated '''[[Troubleshoot|Troubleshoot page]]'''
 +
 
=== where is the wallet.dat file? ===
 
=== where is the wallet.dat file? ===
 
https://en.bitcoin.it/wiki/Data_directory
 
https://en.bitcoin.it/wiki/Data_directory
  
−
=== How do I back up my wallet.dat file? ===
+
'''[[Troubleshoot]]''' page has a wallet section.
 +
 
 +
=== Restore wallet ===
 +
 
 +
Check the [[Troubleshoot#Restore_wallet|Restore wallet guide]]
 +
 
 +
=== How do I backup my wallet.dat file? ===
 
https://en.bitcoin.it/wiki/Backingup_your_wallet
 
https://en.bitcoin.it/wiki/Backingup_your_wallet
 +
 +
'''[[Best practices]]''' for how to keep your coins safe.
 +
 +
=== How can i choose the address bitcoins are sent from ===
 +
Raven-qt wallet is forked of bitcoin-qt wallet:
 +
 +
[https://bitcoin.stackexchange.com/questions/44598/how-can-i-choose-the-address-bitcoins-are-sent-from how can i choose the address bitcoins are sent from]
  
 
=== What is the wallet and Private key ===
 
=== What is the wallet and Private key ===
 
[https://ravenforum.org/topic/21/the-private-key-and-the-wallet the private key and the wallet]
 
[https://ravenforum.org/topic/21/the-private-key-and-the-wallet the private key and the wallet]
 +
 +
=== How do I set up the wallet to be a full node (and why would I?) ===
 +
A full node validates transactions and blocks, which makes the whole Ravencoin network stronger. You can enable this by opening up the wallet and looking under Settings > Options > Network and making sure both "Map port using UPnP" and "Allow incoming connections" are both checked.
 +
 +
=== What should I do to keep my Ravencoins and my wallet as safe as possible?  ===
 +
https://virtopia.ca/crypto-wallet-safety/
 +
 +
'''[[Best practices]]''' for how to keep your coins safe.
 +
 +
== Marketing ==
 +
 +
=== Simple style / branding ===
 +
 +
'''Ravencoin Font''': Nimbus Sans Light - [https://www.urwpp.de/en/shop/?fontshop=datei:show_charmap;map_func:20;fontbel:W;fs_dir:1;fname:Nimbus%20Sans%20Light;fontnummer:n019002t;charsetIds:,1,2,; font info] - [https://drive.google.com/file/d/1kauS3fXc4jf85W7R_u4dm5iLPghuqeIA/view?usp=sharing font download]
 +
 +
'''Colour profile''': #394182 #EF5339 #F69333
 +
 +
'''Kerning''': (Auto)
 +
 +
'''Tracking''': 130
 +
 +
'''Text''': Ravencoin rather than RavenCoin
 +
 +
'''Images''':
 +
[https://github.com/underdarkskies/Ravencoin-Marketing?files=1 Github repository]
 +
 +
=== Other Marketing resources ===
 +
 +
There is a marketing group on Discord - if you're interested in helping please feel free to get in touch there.
 +
 +
[https://discord.gg/CXkJcC3 https://discord.gg/CXkJcC3]
 +
 +
Initial [https://github.com/MSFTserver/Raven-Branding-Kit Msftserver] Raven Branding Kit
 +
 +
NEW [https://github.com/underdarkskies/Ravencoin-Marketing Marketing-Kit] by Under

Latest revision as of 11:44, 9 May 2020


Coin launch / structure

Where's the whitepaper?

A paper describing the intention for Ravencoin is available on the Ravencoin.org site here other papers are also linked here

What's the roadmap for Ravencoin?

https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md

All papers are linked to from https://ravencoin.org/whitepaper/. The Development section also summarizes all roadmap phases.

Any ICO/Premine/Masternodes?

No. Ravencoin had a fair launch, open source project focused on building good code with a good use-case. It was announced on twitter and discussed at several meetups months prior to launch. There's a timeline of some of these events here

Further points about the launch where made on Telegram on the 6th May 2018

The devs should do <insert topic here> / Why aren't the devs doing <insert topic here>?

This is an open source project. You can do whatever you want with it. The devs are focused on the code development inline with the roadmap. Members of the community can build tools and websites around the coin that they think could be useful.

What's the max supply?

21 billion

What's the halving rate?

The same as bitcoin so every 4 years or so. 2100000 blocks (1block / min * 60mins * 24hrs * 365 days * 4yrs)

https://ravencoin.org/halving/ read more here.

When will all be mined?

Tron one of the core team devs explained it on Telegram on the 30th March 2018 as follows: 

"Half of Raven will be mined over the next 4 years or so.  Then another quarter over the next 4 years.   Then an eighth over the next 4 years, etc.   Most will be mined over the next 24 years, but it will continue for another 120 years or so.   Mining fees should support the Raven network as the block reward decreases."

Trading Questions

When will RVN be on more / better exchanges?

RVN is listed on multiple exchanges.

There's an exchange liaison group on discord with a number of people talking to exchanges and software and hardware wallets.

The group has a working document Exchanges and an Exchange FAQ on this wiki.

Mining

How do I mine Ravencoin?

There is dedicated mining page, including links to the opensource mining software for both nVidia and AMD cards. The Guides page contains multiple how to videos.

Can I mine with my CPU / CPU or GPU mining which is better?

CPU mining is not worthwhile anymore. You can mine with your CPU using the wallet (setgenerate true -1 to use all your CPUs, however you are extremely unlikely to mine a block). The network hash rate is very large so a single CPU isn't going to contribute much.

Which miner is best?

Miner Devs update their software very often. The best place is to ask on Discord #mining.

Which pool is best?

All the Pools are pretty good, and as with most things tech, they all have issues from time to time. On average you'll get a larger share of fewer blocks with the smaller pools and a smaller share of more blocks with the larger pools. There are support channels for most of the pools on Discord. The pools can be compared here.

Mining on a big pool will give you many tiny payouts, vs mining on a small pool will give you fewer large payouts. Over time it will average out and you will earn the same amount of coins.

A good recommendation when choosing a pool is any pool not in the top 3 highest hashrate, but any other pool with at least around 0,5% of network hash rate so the pool will hit some blocks each day. Or if we want to help build up a tiny pool, go for an even smaller one.

The reason we want to not go for the pools with the highest hashrate is to spread the hash and secure our network. Read up on 51% attack here.

When do we get paid

Payouts come from a block found by the pool that we have valid shares on. After a block is found it needs to be confirmed by the 100 next blocks, and since block time is 1min for Ravencoin this is about 100 mins. Coins are called immature while being confirmed. Once the coins are confirmed they are spendable, and will be paid out by the pool on the next payout cycle. Coins are often called matured coins at this stage.

I just started mining 30mins ago, why are my rewards so low

Pplns vs pps, is often the answer. In a pool with pplns - Pay Per Last N Shares - we build up over rounds(N) our share in the reward(block). Suprnova uses 20 - 25 rounds for N.

PPS - Pay Per Share, the sum of our submitted (accepted) shares divided by total submitted shares on the pool by other miners, gives us our percentage of the next block.

yiimp based pools (such as ravenminer.com, yiimp.eu, cryptopool.party) by default use a custom approach to rewards. All shares are saved for as long as it takes to find a block. Then, when a block is found: 1) rewards are divided proportionally among valid shares. 2) Valid shares older than 5 minutes prior to the block being found are then deleted. [1] This has the effect that all miners get close to a fresh start with each new block.

Pplns will give us more rewards in long term mining. Read more here and here.

Why is the difficulty going up / down?

The network tries to maintain 1 block being solved per minute over 2016 blocks before retargeting difficulty. If miners have found more than 1 block per minute during the previous 2016 blocks the network difficulty will go up to bring the average block time back to 1 per minute. If miners are solving blocks slower the opposite will happen.

What hash rate should I be getting for my cards?

There are some conservative numbers on WhatToMine

User-submitted spreadsheet for kawpow

Ravencoin Hashrate website (outdated)

Community type questions

The community page links to a lot of the resources available.

What's the link for Ravencoin Community Discord?

Discord

How do I do <topic here> with the wallet?

Many questions about the wallet can be answered by searching the same question for the Bitcoin wallet. The Bitcoin wiki and Bitcoin on StackOverflow are two great resources which might already have answers to your question.

General wallet guide

Best practices for how to keep your coins safe.

How do I get a receiving address?

At the time of writing the Raven QT wallet is largely the same as the Bitcoin QT wallet - there are numerous guides via Google on setting up the Bitcoin QT wallet.

In summary, install the wallet then:

For a receiving address:

Click File > Receiving Address > New, enter a name for your address, click OK - you should then see your new address

There is a more detailed General wallet guide on Best practices page.

Wallet problems

There is a dedicated Troubleshoot page

where is the wallet.dat file?

https://en.bitcoin.it/wiki/Data_directory

Troubleshoot page has a wallet section.

Restore wallet

Check the Restore wallet guide

How do I backup my wallet.dat file?

https://en.bitcoin.it/wiki/Backingup_your_wallet

Best practices for how to keep your coins safe.

How can i choose the address bitcoins are sent from

Raven-qt wallet is forked of bitcoin-qt wallet:

how can i choose the address bitcoins are sent from

What is the wallet and Private key

the private key and the wallet

How do I set up the wallet to be a full node (and why would I?)

A full node validates transactions and blocks, which makes the whole Ravencoin network stronger. You can enable this by opening up the wallet and looking under Settings > Options > Network and making sure both "Map port using UPnP" and "Allow incoming connections" are both checked.

What should I do to keep my Ravencoins and my wallet as safe as possible?

https://virtopia.ca/crypto-wallet-safety/

Best practices for how to keep your coins safe.

Marketing

Simple style / branding

Ravencoin Font: Nimbus Sans Light - font info - font download

Colour profile: #394182 #EF5339 #F69333

Kerning: (Auto)

Tracking: 130

Text: Ravencoin rather than RavenCoin

Images: Github repository

Other Marketing resources

There is a marketing group on Discord - if you're interested in helping please feel free to get in touch there.

https://discord.gg/CXkJcC3

Initial Msftserver Raven Branding Kit

NEW Marketing-Kit by Under

Retrieved from ‘https://raven.wiki/index.php?title=FAQ&oldid=2797’