Bitcoin Forum

Why?

ok2

Jesus christ, only 30 sec? O_O

So.. The pools integrate the speed limit or the coin ?

Great to see you here :)
I hope you are ready at launch with your pool.

You are the most reliable pool host I know :)

You are kidding right? 336Mh of SHA-256?
You mean 336GH right? Hell one antminer is 400GH,
or are you really wanting only cpus and gpus mining this
and wasting electricity? At least make it GH, the huge rentals
and farms will still be weeded out.

watching  :)

Thanks :)

Do you want me to integrate the limit from the poolside or do you have something ready for that ?

My last record is 14 sec.  :P Set a countdown please.

I want to know how this will be implemented because as far as I know nobody managed to do it correctly before.

Was nodding my head going heyy... not bad ....
until i read that.


No loophole? Is this even possible

Will be keeping an eye on this one for journalistic purposes in the future.

I have done that several times before.. RevoCoin.. LimiCoin...

The coin network should limit each mining device so no matter how you mine, max amount of hashrate pr miner is 336 MH/s.

uh... the coin network ?

how ?

There is no max, but after block 81792 there will be 1.303.200 coins around.
And then each block after that will only give 1 coin..  So its not like we will see 1 billion, 100 million or 10 million for some years...

As much as I trust you and your pools, what I meant by correctly was to do it without the need to rely on trusting pools.

But of course you can always use more pools or more accounts per pool or run multiple wallets locally so I don't think this is feasible.

Exactly. How will the network be able to limit the local hashing rate of a miner?

Potentially interested in case project is honest.
Needs also second and third marketplace - not only one exchange.

Dev, will you stay with us for longterm? Are features planned or will this be a very simple coin for payment only? Is this your first coin or have you done others before? Is it maybe possible to bring the POS interest down from 5% to below 3% or even lower? Would be good because we've had enough of inflation-coins.
The more scarce the coin is (the fewer coins are constantly created new) the more stable it will be and the better it will hold its value.

Thanks for some brief answers to the above questions.

is the limit will be set by miner address or miner ip?

The network will deny any block that is over the hashrate limit pr mining device.

The network will deny the calculation from the miner if the miner is using over the set limit.

So if you mine with a antminer S1 that gives 180 GH/s then you wont get any coins.
But if you mine with usb miners then you will get coins.

Hashing Limit raised to 400 MH/s so people can try and overclock their USB miners.

  Revolutionary. I'll be watching this.

If my GPU gives 790 mh/s then I wont get any coins  ???

Getting a pool setup to mine this will be hard.. max 400mh per miner address  ???

Then you will have to adjust the miners config to downgrade the amount of hashing power it produces.

400 MH/s pr mining device.

So you can have 100 USB miners running, but a S1 antminer wont work.

Perfectly , i use an Antminer U1 ( 333MHS ) as Paperclip. Nice , i have another Work for him  ;D ;D

How will the network determine the hashrate of the miner you use?

It will only check the hashrate..
So if you hash above 400 MH/s then the hashrate will be denied from the network.

WTF? Dev you might as well call it USB miner coin.
What do you have 1000 USB miners that do exactly 335Mh/s?
NO ONE HAS THOSE OBSOLETE PIECES OF SHIT.
Make it so a single gpu and antminers can work, limit should
be 500GH.

What about you calm down.
The reason for this is so everyone can mine.

Everyone has a chance.

500GH and then you take away all the people with GPUs and CPUs.

Many users has GPU and don't have any asics.
Why dev should make coin only for you?

This is a bad idea because within time someone will find a way to hack the code and be able to split their Sp20 ASICs into 4250 individual workers.

Did you write the limit code yourself? Have you tested it? I hope its not gonna end up like SPR which claimed to be only solo mining  ::)

and ANOTHER exchange? Oh FFS...

Who the hell mines SHA-256 with GPUS? Maybe in 2010

Well, you know. This petahashes nowdays rapes coin a lot. So I think this can be an alternative. If you don't like this idea, just pass it.  :)

The idea of limited hashrate is great but it cannot be implemented without it being easy to exploit. And if you have a bigger ASIC and figure out how to split it then yet again the USB sticks become useless.

Well I don't know if this is possible. I don't have any. I tried to run 2 miners for my one GPU with low intensity to test. Second miner freezes...

Paralleling should work with lower threads/intensity/etc or even if not, a round robin approach might do it. Mining for each wallet for like a second because hashrate is calculated over a period of time so your average might be below the threshold. With less powerful GPUs or USB sticks depending on the method of the limitation, multiple wallets/pool accounts/proxies/virtual servers/VMs or a modified wallet should bypass the intended limit.

Of course for big farms it would be too much of a pain in the back to split all of their hashrate so in a sense it would achieve excluding them but small/medium miners could easily put like 50 USB sticks to work if the coin is profitable enough so the distribution would be pretty much be the same as any other SHA256 coin which gets mined by big farms as well.

But who has 50 USB sticks  ???

Could be GPUs as well. A 750 Ti does around 200MH/s.

But this is choice and investments. Who denies to have GPU farms ???
This coin limits very fat rents. But will see how it will be.

reserved

I think workers is not a address... The limit speed hash power is for one address. Or you set 4250 address...
Suddenly 4250 address for solo mining or 4250 different pools...
CoinMagi use the same stop limit hash power.Great!
Save the coin,save the energy,distribution is equal around the world.
http://pom.m-hash.com

Dev have you tested it to work or do you think it will work?

There will be testing before any release, and if the testing goes bad, then the launch will be postponed.

the can limit to one worker per ip, if that's feasible or can help ..

PS: i got one r9 270 and this might be the firsttime i use it to mine sha ever..so what software do i use for mining sha with gpu?

Cgminer  ;)

Just like the old days again  ;D

Bump, scammed by the coin dev, thread will be made against the fucker.

At least there's some entertainment value in all of these coins launching at such a ridiculous rate. Maybe next time be your own dev?

You do realize that not everyone knows programming.. Right?

Its normal to have a coin dev working on a coin that is paid,. it just sucks when they are scammers.