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Title: ProtoShares Cheat Sheet Post by: FreeTrade on November 04, 2013, 02:37:07 PM See updated topic -
https://bitcointalk.org/index.php?topic=325261.0 ProtoShares https://i.imgur.com/0M9oy3J.png ProtoShares uses a new Momentum Proof of Work (POW) algorithm that is designed to be GPU and ASIC resistant. http://invictus-innovations.com/s/MomentumProofOfWork.pdf There's a $5000 bounty for anyone who can prove it is vulnerable to GPUs or ASICs. http://bitsharestalk.org/index.php?topic=22.0 Backing As well as being an altcoin, ProtoShares is a way to own BitShares before they are launched. When BitShares is launched, its genesis block will award one BitShare for every ProtoShare held. Web page http://invictus-innovations.com/protoshares Forums: http://bitsharestalk.org/index.php?board=1.0 Specifications POW Hash: Momentum (2^26 / 2^50) with SHA512 Generation Block target: 5 minutes Difficulty Retargeting: 1 Week Port: 3888 Codebase: Bitcoin 0.8.5 No premine. Block reward: 50 PTS, 5% reduction every week Total coins: Around 2 million, with 1% inflation after 2 years http://the-iland.net/static/images/ProtoSharesMoneySupply.png Start time: 5th November 2013 08:08:08 GMT Github source (Genesis Block Not Included Yet) https://github.com/InvictusInnovations/ProtoShares Download links TBA Windows installation Extract the contents of the zip file Double click protoshares-qt.exe Mining In the Settings menu, you can choose to mine 1, 2, or 3 processes. You can also use the debug console to start mining. setgenerate true 1 setgenerate true 2 setgenerate true 3 Note there is a 3 process maximum because of memory limitations on the win32 client. You can run a second or third instance of the program if you want to try running more processes. Title: Re: ProtoShares Cheat Sheet Post by: kelsey on November 04, 2013, 02:50:18 PM don't know whether to yawn ::) or go wtf ???
Title: Re: ProtoShares Cheat Sheet Post by: Fablio2 on November 04, 2013, 02:58:09 PM reserved
Title: Re: ProtoShares Cheat Sheet Post by: feeleep on November 04, 2013, 02:59:12 PM Mining In the Settings menu, you can choose to mine 1, 2, or 3 processes. You can also use the debug console to start mining. setgenerate true 1 setgenerate true 2 setgenerate true 3 Note there is a 3 process maximum because of memory limitations on the win32 client. You can run a second or third instance of the program if you want to try running more processes. [/center] Why not release 64bit client then? Title: Re: ProtoShares Cheat Sheet Post by: FreeTrade on November 04, 2013, 03:05:45 PM Why not release 64bit client then? I'm just contracted to provide a win32 client to get started. I expect a 64 bit client will be a priority for Invictus in the days ahead. A 64bit client should provide some speed gains too as SHA512 is very 64bit intensive. Title: Re: ProtoShares Cheat Sheet Post by: azwccc on November 04, 2013, 03:12:21 PM 3 processes means 3 threads, right?
For 4 cores 8 threads I7. I need 3 instances open with 3 ,3 ,2 miners working? Title: Re: ProtoShares Cheat Sheet Post by: adoalli on November 04, 2013, 03:12:33 PM reserved
Title: Re: ProtoShares Cheat Sheet Post by: FreeTrade on November 04, 2013, 03:17:01 PM 3 processes means 3 threads, right? For 4 cores 8 threads I7. I need 3 instances open with 3 ,3 ,2 miners working? Yes, but what I'm seeing with the initial client release is that the memory gets bottlenecked after 2 or 3 threads, so it's not much of an advantage to have extra threads - it doesn't scale. I expect there will be more efficient code released over the coming weeks, eventually on an i7, you'll be able to have 8 threads pointed at 768MB for maximum efficiency. Title: Re: ProtoShares Cheat Sheet Post by: adoalli on November 04, 2013, 03:21:28 PM no cpu mining tool? only use the client?
Title: Re: ProtoShares Cheat Sheet Post by: feeleep on November 04, 2013, 03:29:30 PM Why not release 64bit client then? I'm just contracted to provide a win32 client to get started. I expect a 64 bit client will be a priority for Invictus in the days ahead. A 64bit client should provide some speed gains too as SHA512 is very 64bit intensive. so linux version is also 32bit? Title: Re: ProtoShares Cheat Sheet Post by: FreeTrade on November 04, 2013, 03:30:13 PM no cpu mining tool? only use the client? Yes, just the client at launch. I think there's a mining pool under development which may or may not offer better mining efficiency. Title: Re: ProtoShares Cheat Sheet Post by: FreeTrade on November 04, 2013, 03:31:45 PM so linux version is also 32bit? Not sure if a linux binary will be made available - I think linux users may need to compile themselves, and I understand it is possible to compile a 64bit version easily on linux. Title: Re: ProtoShares Cheat Sheet Post by: Fablio2 on November 04, 2013, 03:48:37 PM And what will be with your coin "MemoryCoin"? MemoryCoin is dead and you make another one?
Title: Re: ProtoShares Cheat Sheet Post by: jdebunt on November 04, 2013, 04:03:50 PM reserved :)
Title: Re: ProtoShares Cheat Sheet Post by: B.T.Coin on November 04, 2013, 04:18:26 PM And what will be with your coin "MemoryCoin"? MemoryCoin is dead and you make another one? Yes, this guy killed off memorycoin by himself because he didn't get enough of the grants. So he will most likely kill off this coin as well when things don't go exactly as he wants. I would advise everybody to stay away from this 'dev' who can't even debug his software enough to make it stable. Title: Re: ProtoShares Cheat Sheet Post by: Magic8Ball on November 04, 2013, 04:29:54 PM Almost 8 hours past the scheduled release ::)
EDIT: My mistake. Title: Re: ProtoShares Cheat Sheet Post by: cryptasm on November 04, 2013, 04:38:40 PM Almost 8 hours past the scheduled release ::) Start time: 5th November 2013 08:08:08 GMT Title: Re: ProtoShares Cheat Sheet Post by: tacotime on November 04, 2013, 05:34:18 PM I'm interested to see how things play out for the pow algo.
Title: Re: ProtoShares Cheat Sheet Post by: bytemaster on November 04, 2013, 06:31:52 PM FreeTrade will not kill of this coin because he is only the guy contracted to build it and its life is in my hands and the foundation of my VC funded company depends upon this coin... it is not meant to be a altcoin, but a way of mining BitSHares pre-release.
It will run on 64 bit on OS X and Linux if you compile it yourself (that is what I am doing) I am attempting to get an OS X app out the door soon, but am fighting a few deployment issues. FreeTrade has done his best to optimize the proof-of-work, but the code is open source and I am sure others will find ways to enhance it. Title: Re: ProtoShares Cheat Sheet Post by: iGotSpots on November 04, 2013, 10:55:08 PM Advertising a 750k market cap in under 2 months is quite the claim
Title: Re: ProtoShares Cheat Sheet Post by: bytemaster on November 04, 2013, 11:28:27 PM Advertising a 750k market cap in under 2 months is quite the claim Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares. So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them :) Title: Re: ProtoShares Cheat Sheet Post by: albon on November 05, 2013, 12:07:23 AM I really wish this coin was started at a better time.
08:08 I am on my way to work so no chance of dl it Title: Re: ProtoShares Cheat Sheet Post by: bytemaster on November 05, 2013, 12:48:47 AM I really wish this coin was started at a better time. 08:08 I am on my way to work so no chance of dl it For whom... it is 3AM for me :) Title: Re: ProtoShares Cheat Sheet Post by: tacotime on November 05, 2013, 12:51:26 AM Advertising a 750k market cap in under 2 months is quite the claim Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares. So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them :) Uh.. you're using this as the distribution scheme? It's just going to get destroyed by botnets and server farms like YAC/etc did, and with the reward algorithm being the way it is it'll be hard to sell this distribution to people later. Title: Re: ProtoShares Cheat Sheet Post by: bytemaster on November 05, 2013, 01:00:58 AM Advertising a 750k market cap in under 2 months is quite the claim Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares. So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them :) Uh.. you're using this as the distribution scheme? It's just going to get destroyed by botnets and server farms like YAC/etc did, and with the reward algorithm being the way it is it'll be hard to sell this distribution to people later. This coin has a useful life of about 1 year... after which other coins will be derived from it. I suspect BitShares will be out in 6 months and that will have a linear decay over 12 years. Besides, this is a good trial run for the proof of work and I can also see how botnets handle it. |
