Bitcoin Forum

woot woot!!! I'm excited

Much better this time, looks promising  ;D

Forget Giftcoin...I wanna join the Gitfcoin pool ;)

im in

Good work.

Just to let you guys know, http://gift.bitember.com/ is up and running well!

Happy mining!

Awesome. WTS 17,500 GFT for 17.5 BTC!!!! :D

Just updated the announcement with your pool

so will the old wallet still work ?

also post nodes stuff like that.

yes old wallet and all coins are still alive, no one's losing coins :)

win wallet dont sync  ???

Nodes and solo config updated

the difficulty level is high right now, your wallet will sync when a new block is out, and difficulty will drastically drop once we get the hashing power to get over the current bump.

I'm in.

How many blocks until the diff re targets?

whats up with this error on pool:
           Failed to update your account: Unable to connect to RPC server for coin address validation

which pool are you using?  our main pool is working fine http://gift.poolnetwork.org/

Don't know, but I'll put a note for the dev, I'm moderating since he's in the UK. We'll update tomorrow on that

Wallet not synchronizing......

the difficulty level is high right now, your wallet will sync when a new block is out, and difficulty will drastically drop once we get the hashing power to get over the current bump.

when exchange?

i will be participating this time. this time it looks good.

No clue, it's not an easy process, I'll ask the dev for more deets, don't forget to vote to help get us on them too (see ANN tag)




Glad to have you back, we're trying hard to not let it die!

Good to see you back in business. This time it looks more promising. However, the diff is a killer at the moment.

yeah it's insane... I already have a note sent to Dev to see if he calculated when it will drop, because it will drop drastically as mentioned in the ANN....

According to giftcoinpool.com statistics - Change in 1915 Blocks, Est. Avg. Time per Block 3 hours 49 minutes 11 seconds. It's going to take about 305 days till difficulty is changed at current network hashrate 17Mh/s. Have I missed something?

the point of Reignite is to bring the hash back up... it at 3Gh/s at one point which left the coin in a pickle when it dropped to 17Mh/s... I know the dev is working hard on bringing the hash up to beat the level and bring difficulty to a normal level.

Let's hope hash goes back up. I like this coin.

Already have a note sent to Dev on calculating block remaining for difficulty drops and how much hash we need to bring difficulty down within a week or two

recode the diff is the only way

Doable on the fly without affecting the current infrastructure, wallets and coin amount?

Pointing my whopping 730kh/s at giftcoin.

that's what I got too! lol better then nothing :)

Did the diff retarget system change?? If not the same thing will happen again.

Note sent to Dev, we'll clear this up

Anyone mining this scam coin is literally wasting electricity.. the difficulty retarget is still a huge issue.

But, if you guys want to burn electricity.. go right ahead..

You are right, it is a huge issue. But if we examine strictly the difficulty only, it is not a waste of electricity. With 25Mhash net rate the avarage time to find a block is around one day. Dev try to make some hype to convince people to mine, seems logical. The only way to solve the problem is to increase the net hash rate, so miners are needed. With ten times the net hashrate we have now it would only take around 2-3 hours to find a block. In this case raterget could be achieved within one month. Unfortunately dev left us alone for too long time, so now only a few of us trust him.

I don't see the future in bright. I am mining at the moment on the official pool with 1.7Mhash, I would like to give a last chance to this coin. There is only another unlucky (?) man with me. If I don't see a rise in the hash rate by the time I find a block, then I will leave. We are at 62% est. shares, I expect to find a block today (local time 14:04CET).

I think these days are the last chance of this coin. I  say, this coin worth a last try, please join one of the pools and start mine. Soon we will have a block and the one find it will get a 100GFT reward.

If no miners are joining, we are dead.

+1

Coin is worthless without solution for diff retarget issue.

You don't get it, do you? I mined this a couple of weeks back. The network hashrate was like 200mh, I was 1/10th of the total network hash rate. We weren't finding blocks, it took me almost 2 days to get like 50 giftcoin or something, and it'll NEVER get paid out to me because the difficulty is stupid.

Even in a perfect world with unicorns and fairies making love, it would still take almost a year for the difficulty to work out.

Now I get it. And I am very sad. Maybe this last block mined be me will be the last.
Anyway, thanks for the info. Sadly my calculations are incorrect.  :(

The difficulty adjustment needs to be fixed. I remember this coin on launch, the diff stayed low for a long time while everyone raped the coin. It was instamine madness. Now that the big whales left its stuck up there. Who wants to waste their time bringing it back down. Devs need to get a clue here, its not 2013, there are thousands more miners now. Why not release a fixed client?

I'm pretty sure that problem is fixed as I found 2 blocks in 3 days by myself... but yes the nethash needs a giant boost to at least push the difficulty out

Great, now find about 1,850 more, that's only 1,233 days till the difficulty retarget, so 3.38 years.

Simple math people.

i stopped by and mined for a bit...but i just can't bring myself to stay there...is the dev done with his coin?

I like this coin, but it's very difficult to mine. How to solve diff problem?  :'(

 :)

67%

I admit, it's a little bit boring.  ;D

the most frustrating part is that we know this coin will stabilise once the current difficulty is gone...

Like having a wait out the island but too lazy to swim towards it LOL

No. The dev created this coin as a pump/dump to make BTC, and then left it to die.


No, it's like swimming from the North pole to the South pole.


The difficulty retarget is every 2,000 some blocks. The last I checked the network was at 1,900 some blocks. I figure it's at 1,850 now. If it takes 1 day to find 1.5 blocks (2 days for 3, according to the guy above), then do the math:

1850 / 1.5 = 1233 days = 3.38 years before the difficulty is fixed.

basically we have to tell the doge crowd to mine this for a couple hour LOL

Strange, it's like talking to a television. Pointless. Dev sometimes writes a stirring post, and then disappears. We keep complaining and no answer, not a single answer from him. I don't really understand. Why is it good for him to push this whole thing? He doesn't earn anything from a coin, which has no exchange and totally useless. The only logical answer is he really want to keep alive this coin, but then why doesn't he do more for it?  ???

He doesn't care, he used the coin to get BTC.

The only reason I even post here is to try and keep people from mining the coin, because they're wasting their efforts. If you want to mine something worth value, join tagmining.com and mine TAG. Or LTC or FTC or something.

TAG is going to have a value increase in February though.

But how?


Has the forking issue resolved already? I mined it for a week, half of the blocks got orphaned.

pump/dump: build a lot of hype over a coin, get a bunch of folks to mine it: this increases its perceived value far above its actual value (pumping), then dump the coin on an exchange for all the BTC you can get.

afterward, leave the coin. you're left with BTC and a dead coin. many of these altcoins are pump/dump, even dogecoin, which appears to be a long-con. I will say dogecoin is still very valuable though.


The new client (1.03) has been released on all platforms (windows, ubuntu, mac, osx). The network will be switched over the first week of february, this gives time for the folks to upgrade.

There are still orphans but this could be good: not as many people are mining the coin, so the difficulty is half what it was, which means you could possibly get more coins now than a few weeks from now.

Unlike giftcoin, TAG has a huge backing, and 2014 will see nice value increases.

Name me an exchange where he could have dumped it? LOL

An exchange popped up for a few seconds at the beginning from what I remember, but I could be wrong. It could be a wholly failed attempt at pump/dump.

Either way.. dead coin.

I'm not trying to be a dick or fight you on the fact that the coin is on life support, but do you know how crazy your basement conspiracy theory of a magical exchange popping up sounds?

Like I said, whether it did pop up or didn't, the fact remains the dev isn't interested in long-term support, and was never interested in support once the difficulty got high. It certainly smells of a hopeful pump/dump. And if no exchange ever existed, that only makes it more hilarious of a failcoin. This is one of the few altcoins with not even 5 pages of threads yet.

That's my problem too. This coin is totally useless at the moment. It cannot be dumped. Dev has zero profit from it. No exchange popped up at all! What's more, it is impossible at the moment, since block confirmation is extremely slow.

I still don't understand what is this whole thing about. This coin isn't good for anyone. Miners has no revenue, dev neither, pools can't do anything with collected fees and even if someone wold like to print out a gift card, he/she could not use it, since nobody accepts it.

What is the point of this slow and agonizing death with zero profit?

I guess we like torture :P

Social experiment / Pulls hashrate from other coins? lol

He mister Dev, so you back from your 2 week vacation or what ? You launched a coin then you go missing, the coins goes dead, stuck at high difficulty you are no where to be seen or heard from and now after 2 weeks you come back and you created a forum, that is it ? you really think people gonna start mining this coin again at this high difficulty because you created a forum ?  ::)

Last block was mined 29 hours ago, as long as you dont fix the difficulty with a hard fork, this coin will remain dead. Go fix that first before you try anything else

doge's current hash could fix our problem in 8 minutes :P

The total amount of the coin was reduced to 6600000 or 10000000, is a feasible method

all wallet should be sync now, new block popped out few minutes ago lol

what about those coins which we bought when first it was launched ??

what about them? they are still in your wallet, hope you didn't delete them

1914 blocks till difficulty changes?

why OP don't want to implement kimoto gravity well and hard fork?

It will be the same situation again once the coin is reasonably profitable, catcoin suffered from this, and it was forked once to a more reasonable block retarget value but it's still suffers from multipool, and thus a solution simular to gravity well is in the works, this coin needs a similar fork tbh.

yes i have in my wallet

It doesn't matter what nice words you write. This coin can't be kept alive this way. There will NEVER be enough miner to fix the difficulty issue. You HAVE TO do something with it. Fork it or find another way to decrease the difficulty. This is the only chance. Net hashrate is down to 15 Mhash/s and decreasing from day to day.

Or you could pay for it. Give high rewards to motivate miners from other pools. Giftcoin worth nothing in this case, you have to sacrifice some BTC.

I will not mine it, until you solve the difficulty issue.

nice,hope it will be alive this time.

Not only that but The initial pools were scams as well.

You won't get my support, why would anyone believe in your coin? You don't! I wasted 5 hours mining this shit, all for nothing, it is dead!!

SCAM

Don't mine this coin! The dev is knowingly being a jerk. The coin is worthless, and the difficulty will take 3 years to change. No transactions, no exchange, etc.

Fix that high diff 1st homework .  ;D

Agreed, Dev LEFT THE COIN COMPLETLEY after a few days NEVER TO BE SEEN AGAIN in the beginning of Jan

Such a good coin so dead

WTS 234 GFT for BTC.
Not holding out much hope but are there any offers????

Stability. Reliability. These are just some of the words used to describe Bitember. We proud ourselves in making your mining experience as easy as possible. That's why we're proud to give you our GiftCoin pool. http://gift.bitember.com

We are now offering a limited chance for you to get 0% fee on our pool for life. All you have to do is quote this post along with your username.

Bitember. Mining made easy.

Hah, Anyone that mines this scam coin gets what they deserve.

you can't call it a scam when the Dev can't cash out :P

Don't forget the pools that stole can't cash out either! :D

see! not a scamcoin, just shitcoin :P