Bitcoin Forum

Why mine tokens? And how is that technically possible? The meaning of tokens is to use the existing and developed blockchain network for a quick start of the project. For the transfer of values there is a currency exchange rate (and they are very, very much). Write a detailed explanation of your idea while it looks like a misunderstanding

It is not a misunderstanding, it is reality, a beautiful reality

Is that from the same team that's done the 0xBitcoin?

I sense we are going to have a shit load of clones for all the major coins.

 ::)

Russian translation reseerved

If it was possible to mine already existing popular and expensive tokens, it would be "beautiful reality". Why mine your token?

Unoffical chinese translation

---

0xLiteCoin 是开源的 ERC20 可挖矿的代币。只能通过pow获得。

代码和挖矿参考 https://github.com/0xLiteCoinToken/0xLTC
合约地址查询    https://etherscan.io/address/0x012fd5049a203df08c02fb2e0ed15ceed10d9ed4

---

点评：这个项目和0xbitcoin差不多，已加入算力内参打新列表，欢迎订阅 suanli.io (http://suanli.io) 了解最新挖矿打新情况。

One more scam token....

"all 0xbitcoin tokens are locked within the smart contract initially. These tokens are dispensed, 50 at a time, by calling the function 'mint' and using Proof of Work, just like mining bitcoin."

Come on dude, at least change the name from the copy and paste.

Thanks and done.

So, we got
0xLTC
0xBitcoin Cash
0xDoge

and the only token which makes it unique 0xBtc

Tomorrow:
0xMonero
0xZcash
0xRipple

Crypto is awesome

Liar!

2 two addresses mined a combined 659 blocks in 21 hours prior to it been announced.

0x84376756277c3c0dee9c57a4cb2d1d1b7bae2f0b (https://etherscan.io/address/0x84376756277c3c0dee9c57a4cb2d1d1b7bae2f0b)
556 blocks / 27,800 tokens

0xc8f0bb25f0ab0f2d6571def9aee23eb3221afdc7 (https://etherscan.io/address/0xc8f0bb25f0ab0f2d6571def9aee23eb3221afdc7)
103 blocks / 5,150 tokens
The ETH for this address was funded from 0x3750ecf5e0536d04dd3858173ab571a0dcbdf7e0 (https://etherscan.io/tx/0xa446f0397b8bb9c75a2fe76f28918558a2a2baeb0635cff80e459a09c0a300f3) which also just happens to be the contract creation address. (https://etherscan.io/tx/0xcea70d5211fa71a64ea86c7efc0887dfa9a0f05dcccbce6ac1c031cd7cfd6778)

What is your comparator?

~50K on an early 0xbtc address = 4x on 0xLTC.
https://ethplorer.io/address/0x69c86b520b5388da58de26d7359691f8b977eb24

Also going to test for a short time at least just in case there is some sort of error.....should probably test for longer tbh.

You seem to be equating fair with free.

Further the knowledge and understanding of 0x is much more disseminated than when 0xBTC was launched so more likely to attract a broad base or actors.

It's interesting your a new account here, may suggest your from the competition that does not like something fair by some margin most other things out there. Divide your claims by 84000000, and express then as a percentage. It's a rounding error at best.

Early being the key word there. Mining started more than a week after the coin was announced.



There are Ethereum testnets for that.



No. I'm calling you a liar because your GitHub page falsely claims that there was no premine. A fair person wouldn't be dishonest about it.
https://i.imgur.com/MtB8JqD.png

http://www.dictionary.com/browse/fair
free from bias, dishonesty, or injustice



I've provided undeniable evidence that a premine did actually take place. Nobody needs to take my word for it, they can verify this themselves. Isn't this technology beautiful?

Attacking me based on the age of my account isn't going to change the truth. For the record, my account is several weeks older than yours, which seems to have only been registered today.

Hello
\
Is there a Discord link >?

Don't waste time mining a Pre-mine coin with no website or discord link!

Come mine 0xBCH!

Website: https://0xbitcoincash.io/

Discord: https://discord.gg/8SXSCs4

Smart Contract: https://etherscan.io/address/0xe5b9746dfcc2ef1054d47a451a77bb5f390c468d

Lol, says 0xLTC is waste of time and referring to the same exact copy paste coin as them, double lol

I mined it and still mining. And I am not alone unfortunately..

Yes and every one knew what a 0x was a week after they way the do now, so rushed to mine 0x. Its far more open to more actors coming in now than a week then. So Relatively orders of magnitude more fair.



Trusting a test net for everthing vs live. Never.





A premine would be an allocation, before any public mining started.
Your actual complaint is you did not know about it being mined. It was publicly mined and any actor that bothered to search for it could have.


Further practically speaking right now 0xLTC can be mined for the same gwei as in day 1 and the difficulty is negligible. So whats your practical complaint in practice anyone can go in now and mine at the same cost, but with no effort to set up.




Attacking me based on the age of my account isn't going to change the truth. For the record, my account is several weeks older than yours, which seems to have only been registered today.


Your terminology is misconstrued, your thesis falls, you complaint is you did not know, not that it could not be known. Your complaint is about a particular advertising schedule, not wether something was publicly mined and or discoverable.

0x(whatever) will be done by someone, your could manual just type in to https://ethplorer.io/ search bar 0x...(whatever) any time you wish to to see what comes up.

Your newness is open to suggest a bias.

I however welcome your scruitiny

I don't understand what this means, what you're here to extract information from to conduct such discussions, there's practically nothing here, what is it :D

Whether everyone found out about it early or not is irrelevant. The important distinction is that 0xBTC dev mined alongside with others, rather than keeping it to themselves for a period of time.



While there certainly are exceptions, this is not one of them.
You simply copied and pasted a proven to work contract and changed a few parameters, out of which only 2 affect the functionality. (_totalSupply and targetEthBlocksPerDiffPeriod)
I'd be interested to hear why you think something so simple demands such extensive testing.

Line 195:
contract _0xLitecoinToken is ERC20Interface, Owned {
contract _0xBitcoinToken is ERC20Interface, Owned {

Line 264:
function _0xBitcoinToken() public onlyOwner{
function _0xLitecoinToken() public onlyOwner{

Line 268:
symbol = "0xBTC";
symbol = "0xLTC";

Line 270:
name = "0xBitcoin Token";
name = "0xLitecoin Token";

Line 274:
_totalSupply = 21000000 * 10**uint(decimals);
_totalSupply = 84000000 * 10**uint(decimals);

Line 396:
uint targetEthBlocksPerDiffPeriod = epochsMined * 60; //should be 60 times slower than ethereum
uint targetEthBlocksPerDiffPeriod = epochsMined * 15; //should be 15 times slower than ethereum



An allocation or any mining which takes place PRIOR to a coin been announced, or any mineable coin launched without sufficient advance notice and with a low difficulty.
Basically if it gives the developers (and their friends) an advantage, it's considered a premine.



My complaint is that nobody aside from you knew about it. You kept it to yourself and mined in peace before deciding to tell the rest of us about it.



Here's what it looked like when only you were mining.
https://i.imgur.com/omGdaO1.png

Here's what it looks like after you announced it and others started mining.
https://i.imgur.com/5g8QCWA.png

See all those failed transactions now that people are competing over gas price instead of being able to mine in peace like you were?
Are you seriously trying to tell us that premining didn't provide you with an unfair advantage?



I've made my point quite clearly. If you still can't see what the issue is... well... maybe you're just refusing to.



And if any of those get premined you can be damn sure I'll be here to call them out on it.



Yes, everything you disagree with must be FUD right?

By your own logic I could claim that your newness is open to suggest that you have no experience coding smart contracts. Let's leave the deflecting to the politicians shall we?





And I'm happy to provide it.

That's your view, my view is that given the overall dissemination of information about 0x is vastly larger, there is more opportunity for people ready and understanding to join in, so it can attract a more broad based distribution. It's my view you can not arbitrarily discount the knowledge of use

The market will decide.




I found that the domains 0xLTC.com


and 0xLTC.org had just been purchased


As you can see it was a few days before the launch....I at this point took the view someone else was about to launch and took the view that first to market was essential.

This made me less easy relying purely on the test net, rather than a live test given that i am proposing to launch a coin that I feel could be valued in the 100 of millions or more, it would be reasonable to run a live test in all circumstances.





I will deal with these together as they are sufficiently close.
This is your definition.

You or anyone could put a script in to watch new token at any time being launched, and mine them.

That you or others choose not to do this is a matter for you. Eg poll if(query.api.blockscanner() NE (0x***) where (0x***) is in existing database then send alert to self.

you could even start an automine script if you wanted to, and narrow your search to 0x*L* or 0xB** etc, it's really up to you how much you want to spend in eth and time.

You complaint remains if you were prepared to put in the effort.

It seems rather you want to be told.

Now sure there may be a market effect of not disseminating information in a particular form, eg via ANN but that is a decision by the launcher. Your complaining about that effect. So if you or someone else can find a coin where they could get on earlier, all power to them, each person can assess their own risks, effort and reward.

Your cherry picking, see the fails from early mining and you fail to note the gwei was higher in many cases that now, why do you omit a full analysis.

You also fail to note you can mine cheaper right now if you wish at 7 gwei with at a similar competition rate

It would help your position if you were prepared to make a full argument, and people can mine right now for less.

https://pasteboard.co/HoVf5Yt.png
https://pasteboard.co/HoVfiee.png
https://pasteboard.co/HoVfudT.png

Dealt with above you can code up a script to poll for coins you want to get info about. You want to be spoon fed, or don't like the decisions made by the market


Your missing the point. This argument goes to the choice of a market actor to expend time to obtain information


No, just making an observation.
It's common in this arena to anon launch coins.
Not that I have to do this but no. I am not new. I have been around here for quite some time. So there is a false assumption by you. It's this type of approach that undermines what could other wise be better arguments from you.




Whatever experience i do or don't have is irrelevant. The facts are the contract is live.




 

When project starts ?

For completeness lets do the maths for you in the context of everything above::

You seem to take issue with 0.0357143% of supply being (~30000/84000000). Yes thats not fair, go and find any thing anywhere with that kind of distribution.

How much of a dump will that be?

For some sort of comparison its about an order of magnitude less than many exchanges charge per transaction.

The opportunities via the much larger information in the market about 0xTokens are going to level this out even more.

Is there any discord?
and stats page for the token?

There is this discord: https://discord.gg/Mq7YPh4

beta Statistics and web site added

It's not 'my view'. It's a fact.

Also, 'your view' has already been proven incorrect by the fact that NOBODY else joined in until AFTER you announced it here.


Thank you. This gives great insight into your motives.


This doesn't answer the question. Why do you feel that a 'proven to work contract' requires such extensive testing? What exactly were you testing for when you simply copied a 'proven to work contract' which has been in use for several months and just changed 2 values?




It's not 'my definition'. It's the widely accepted definition.



No. I just want want you to be honest. Premine all you want, but don't lie about it and come here trying to argue that it didn't take place.



No. I'm complaining about you lying about the premine.




0xc8f0bb25f0ab0f2d6571def9aee23eb3221afdc7
5 failed transactions during premine. 103 successful ones.

0x84376756277c3c0dee9c57a4cb2d1d1b7bae2f0b
21 failed transactions during premine. 556 successful ones.
0xc8f0bb25f0ab0f2d6571def9aee23eb3221afdc7

From all the random samples I looked at the gas fees were either 7 or 10 gwei during the premine.

Does that 'help my position'? Does it provide a full enough argument for you?
I'm quite happy to do a full breakdown of every wallet, but do you really want the people to see that?




No! I want you to stop lying about the premine.


No! YOU are missing the point, over and over again.


You have even missed the point here.

it is your view, you are no generator of fact, any could join, it was not privately mined, eg offline somehow or had coins ICO's out or distributed at pure discretion.

Your complaint is you were too lazy to write a script to look for coins that did not have an [ANN]. If no one else chose to do this that also is a matter for them. HO

Your confusion lays in somehow thinking that no [ANN] on a particular forum of your likeing = premine.

Lets lay this argument bare

[1] A pre-mine regardless of how your so-called "everyone defines it as x argument" (if it can be called that) falls on at least 3 grounds

Inchoate is your argument is

[a] Things mean what you define, no, you are not the arbiter of meaning.

[.b] Things mean what you say unspecified others accept or define, no, you present no evidence as to that group definition as correct, nor do your point to the constituents of the group, you point to no survey, and blinded randomised controlled trial of sufficient power.

[c] Your argument arguments fall's on being logical fallacy formally known as the bandwagoning even if you could prove your version of the "pre mine"

[2] You do violence to the natural words. PRE---means before something in this case before mining started.  No where is in your argument have you demonstrated your claim that

[A] No Coins were allocated before mining started.

[.B] The mining was publicly undertaken as you also confirm.

[3] Your confusion lays across all the points. Your complaint is the orthogonal issue of where a particular advertisement of the mining that was ongoing was made. You give it the appellation premine based on your view of what it means merely backed by a quote and becuase information was not given on a forum you think it should be, whereas in fact mining was made at times publically on a public ledger.

[4] The Ethereum ledger is public and you or anyone can expend time and cost to watch for any activities on the etherum block chain, which is all the more curious in your argument as you show some proficiency and knowledge of how to interrogate the eth blockchain, yet you do so now  post facto. One wonders if you want in formation why don't you seek it, but that is a matter for you and not a basis of argument or complain available to you.

 


Thanks, you confirm or do not derogate from my motives, you can see the legitimate concern.




how a person chooses to conduct their business and what they are comfortable with is a matter for them. You, fortunately, do not get to set out the terms of testing and business for others.




Dealt with above

Dealt with supra and No make and you make the serious admission you chose your definition then work from there to your conclusion by calling people liars. Put some effort in look around. You did not work from the basics of temporal fact. Mining was at all times on a public blockchain. You want a particular behavior on a particular forum.

Yes Please do a full break down the more information the better, I have seen quite a few 5, 4 and even  I think some 3 gwei blocks, so there has been ample opportunity to pickup block cheaper after this ANN than Before it, If you really beleive your argument then you can send difference in the cost in eth to the original addresses as people clearly had an advantage mining later, it was cheaper, objectively.


Dealt with supra

Interesting how you point to no factual basis or logical basis or your claim, merely a retort, I will repeat the point which includes an actual argument not a bare assertion

Interesting again no substantive argument or logic, just a bare assertion which falls against the stated facts that you agree with, the contract is live.
that make my experience now irrelevant.

you appear to need some lesson in basic rhetoric and logic, so far you have been good a bleating misconcived ideas to reach a false conclusion such which reduced to it's substance is

"premine" means this so you have done "that" by not doing what I think you should do in a particular fora.

Also, check the git hub and this thread there is now no claim of "no premine" even though there was none, just in case, that claim has been removed for some time now.

Further an explicit statement about what has happened is made.

hey Dev join the discord server of 0xltc created by community members
https://discord.gg/CHQ3WW

hey thanks! I am already there! just anon....for now...but will go online there a for a bit as 0xLitecoindev....

Nobody seems to actually be mining this coin, I had a go earlier and there was one other person submitting solutions.  The solutions are almost instantaneous when a new challenge appears and so everyone will submit at the same time and whoever wants to pay the highest gas will end up minting it with everyone else just throwing away $0.25 per useless solution.  The difficulty needs to be increased before there is really any point in attempting to mine.

Also dev, Ive noticed a strange pattern of the other address only mining if someone else is and then setting their gas price just slightly higher.  Can you confirm is this you (address 0xb5cf1cf6cb169c85863e3ecef1c73418aeb0f81f) and are you using some sort of script to adapt the gas limit?

who is mining this now?
how much do you pay per submission of TX?

@Jwx9 Confirming that I am changing the account, thanks.

Each submission uses whatever gas you set in your .ini file.  Typically 4 to 8 gwei to get submissions to be accepted.  Most at 4 are usually rejected, most at 8 are accepted.

I have mined many with only 2 gwei.. other times i mined with 3/4/5/6 .. depend from the moment

0xb5cf1cf6cb169c85863e3ecef1c73418aeb0f81f that is not me.

How is the acceptance of a share done?

Ie. if multiple people send at the same time will the solution be granted to the one who offers more gwei/gas?

Also, how much eth have you used the first time, at what gas price limit, and how long did it last (minutes? hours? days?)

Why do you say this?

I guess my question is: can this be pre-mined?

Or you just mined an amount to have ready to sell, when/if it picks up?

And if so, is this fair on everyone else who pay a higher gas because of the competition now, which you did not have?

This statement is made in the interests of full disclosure:

The gas price has been at times significantly lower since launch, people have been mining a lot at 2~3 gwei, so there has been plenty of time to pick up much cheap 0xLTC.

right now
https://etherscan.io/tx/0xc0eae8e22fb68e67f8302a310d21046d984cf5e977806a6e48e8f09b1e9806f5
~4 gwei.

are there more than one 0xltc?

Ie. 0x33d99efc0c3cc4f93da6931ec2cccf19ca874b6d and 0x012fd5049a203df08c02fb2e0ed15ceed10d9ed4 both claim to be the same thing

I do not understand what this means, can you explain to me more easily? and I want to ask how for this project does it already have many investors? thanks for your answer fighting.

Ok All the coins on these addresses have been sent to the burn address (no residuals no found)


556 blocks / 27,800 tokens

>>sent to burn 26500 (The other 1300 are not available to our control)
https://etherscan.io/tx/0x8dba8ff76f46b0016033fefc9fcdea0106344c6d98c83c9a240da8b4c5960966


103 blocks / 5,150 tokens
The ETH for this address was funded from 0x3750ecf5e0536d04dd3858173ab571a0dcbdf7e0 which also just happens to be the contract creation address.

and here
>>>https://etherscan.io/tx/0x8a5e5b97761b8a3556e5f2932153cb1c3ebb8efaf509249a1758cf7f8553e2c0
5100 (The other 50 are not available to our control)