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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: ripper234 on October 08, 2011, 10:14:25 AM



Title: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 10:14:25 AM
4 CPUs, running at > 1.5 khashes/sec each.

I left the miner up all night, and I don't see any interesting balance in my TBC client. I am fully connected, at block 14,577.


[2011-10-08 12:11:24] thread 2: 7554 hashes, 1.54 khash/sec
[2011-10-08 12:11:27] thread 0: 7518 hashes, 1.53 khash/sec
[2011-10-08 12:11:28] thread 1: 7373 hashes, 1.51 khash/sec
[2011-10-08 12:11:28] thread 3: 7390 hashes, 1.51 khash/sec
[2011-10-08 12:11:29] thread 2: 7554 hashes, 1.48 khash/sec

Should have I found a block by now? At current hashrate, what is my expected time to find a block?


Also, another question on TBX - what is wrong with my calculation of the block numbers at Bitcoin Pie (http://bitcoinpie.com)?
I got 8,134,124 coins from Sytes (http://blockexplorer.sytes.net/chain/Tenebrix/q/totalbc), divided by 25 and got 325,364 blocks. The block explorer (http://blockexplorer.sytes.net/chain/Tenebrix) says there are 14,563 blocks.

What am I missing?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 10:37:51 AM
Are you solo ?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 10:39:39 AM
Are you solo ?

Yeah.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 10:41:51 AM
Block zero/one has over 7million coins pre-generated.

Also, if you do get a block, the coins do not appear until they switch from immature to generate.

If you run the daemon command (no idea what you call the daemon, mine was 'tbd')
 tbd listtransactions "*"
it will show any immature blocks you have.
Of course with the current difficulty (0.19238 when I just checked on allchains) you will need to do on average 826,265,808 hashes to find a block
(i.e. if you luck is 0%)

Your total hash rate is a bit over 6khash/sec

So that would take on average (a bit over) 37.5 hours to find a block.

(Yeah I gave up on this chain a while ago)


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 10:42:27 AM

Diff's tough.

People are throwing server-grade 8-cores on it, a lot.

You'd be better off pooling.

P.S.:
As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself :D


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 10:51:24 AM
Block zero/one has over 7million coins pre-generated.

Also, if you do get a block, the coins do not appear until they switch from immature to generate.

If you run the daemon command (no idea what you call the daemon, mine was 'tbd')
 tbd listtransactions "*"
it will show any immature blocks you have.
Of course with the current difficulty (0.19238 when I just checked on allchains) you will need to do on average 826,265,808 hashes to find a block
(i.e. if you luck is 0%)

Your total hash rate is a bit over 6khash/sec

So that would take on average (a bit over) 37.5 hours to find a block.

(Yeah I gave up on this chain a while ago)

Thanks for the info. I wonder why not just premine some blocks, but instead make a special block in the beginning. Makes my calculations more complex :)
No worries, just nitpick.

What do you mean "... until they switch from immature to generate" ?
If I mine a block now, how long does it take for them to appear in the UI? The next block, or more?

I think I'll keep running it for now, within a few days I should get a block.
I don't think pool mining is worth it for me. Since the mean time between blocks is relatively low (I consider 37.5 hours low), it should average itself quite nicely, and the extra bother of using a mining pool (user/pass, fees, whatnot) isn't worth it to me.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 10:57:41 AM

Diff's tough.

People are throwing server-grade 8-cores on it, a lot.

You'd be better off pooling.

P.S.:
As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself :D
Well he asked a simple question and I gave the simple answer
(and his question was quite specific about coin counts - not sure why you didn't answer it)
He didn't know (and obviously trying the block count * block value doesn't work)
Easy to explain - not sure if you consider that an issue or not ... you shouldn't of course.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 10:59:46 AM

Diff's tough.

People are throwing server-grade 8-cores on it, a lot.

You'd be better off pooling.

P.S.:
As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself :D
Well he asked a simple question and I gave the simple answer
(and his question was quite specific about coin counts - not sure why you didn't answer it)
He didn't know (and obviously trying the block count * block value doesn't work)
Easy to explain - not sure if you consider that an issue or not ... you shouldn't of course.

Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine :) (He even started a thread 'bout it)


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 11:06:35 AM
Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine :) (He even started a thread 'bout it)

As I said, I figured a better way to premine would be to ... you know, just mine alone with the minimum difficulty, instead of adjusting the entire blockchain math.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ArtForz on October 08, 2011, 11:16:07 AM
Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine :) (He even started a thread 'bout it)

As I said, I figured a better way to premine would be to ... you know, just mine alone with the minimum difficulty, instead of adjusting the entire blockchain math.
Changing the blockchain math seems a lot more elegant than setting the genesis timestamp to 3 years ago and premining 300k blocks, requiring everyone to download and store 65MB of completely superfluous data.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 11:18:28 AM

Diff's tough.

People are throwing server-grade 8-cores on it, a lot.

You'd be better off pooling.

P.S.:
As you can see above, I don't even need a FAQ statement about premine (I do have it anyway, just in case) since market is very good at informing itself :D
Well he asked a simple question and I gave the simple answer
(and his question was quite specific about coin counts - not sure why you didn't answer it)
He didn't know (and obviously trying the block count * block value doesn't work)
Easy to explain - not sure if you consider that an issue or not ... you shouldn't of course.

Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine :) (He even started a thread 'bout it)
Ah ok - I thought he didn't know ...


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 11:27:35 AM
Nah, I was just riffing on the fact that ripper234 is very, very very aware of the premine :) (He even started a thread 'bout it)

As I said, I figured a better way to premine would be to ... you know, just mine alone with the minimum difficulty, instead of adjusting the entire blockchain math.
Changing the blockchain math seems a lot more elegant than setting the genesis timestamp to 3 years ago and premining 300k blocks, requiring everyone to download and store 65MB of completely superfluous data.

touché


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: wknight on October 08, 2011, 02:01:41 PM
I ate all your blocks :)


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 08, 2011, 02:10:10 PM
He simply made 7.7 million coins out of thin air. He did not even bother to premine them. They are preprinted already. Enjoy !


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Etlase2 on October 08, 2011, 03:15:38 PM
What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 03:22:34 PM
 He did not even bother to premine them.  

Simply because that would have caused my fun-d to bloat the blockchain, and I decided that it would be mean of me to make other people download megabytes upon megabytes of my fun-d when I can fit it into one little block.


What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 03:56:34 PM
What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others

I propose that right now, a single individual owning 10% of the current coins "for the benefit of future development, bounties and whatnot" would be far less suspicious than someone owning 90% of the coins for those purposes. Everyone should decide what's trust threshold is.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 08, 2011, 03:58:09 PM
 He did not even bother to premine them.  

Simply because that would have caused my fun-d to bloat the blockchain, and I decided that it would be mean of me to make other people download megabytes upon megabytes of my fun-d when I can fit it into one little block.


What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others

7.7 shows he is 7+7 = 14 yrs old !


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 04:00:23 PM
7.7 shows he is 7+7 = 14 yrs old !

No, it's 7-7, meaning that I am a supernatural "undead" presence that never lived and affects world around by manipulating digital devices through spooky action at a distance.

What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others

I propose that right now, a single individual owning 10% of the current coins "for the benefit of future development, bounties and whatnot" would be far less suspicious than someone owning 90% of the coins for those purposes. Everyone should decide what's trust threshold is.

Current coins are a meaningless metric, especially when there is no upper limit on mining.

Also, as far as "everyone should decide" is concerned, you should realize both apparent intractability of having "everyone" have a say, and reconciling the opinions of "everyone" into some meaningful decision.

People mining and trading TBX right now apparently disagree with your assessment, and their subjective opinion has no reason to be considered inferior to your subjective opinion.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 04:11:07 PM
People mining and trading TBX right now apparently disagree with your assessment, and their subjective opinion has no reason to be considered inferior to your subjective opinion.

Good luck to them and to you.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 08, 2011, 04:36:06 PM
What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others

I propose that right now, a single individual owning 10% of the current coins "for the benefit of future development, bounties and whatnot" would be far less suspicious than someone owning 90% of the coins for those purposes. Everyone should decide what's trust threshold is.

That is what I meant. 10% of current coins more acceptable than 90% of current coins ! But they ( lolcust/artforz/bitcoinexpress/SAC ) dont seem to understand that.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 04:42:15 PM
Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 08, 2011, 04:43:06 PM
Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)


No I won't mine failbrix because no exchange !


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 04:43:22 PM
Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)


Is there a Fairbrix exchange? Website?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 05:06:57 PM
Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 05:16:30 PM
So a look through the block-chain before it opened should find an exact 5,000 transaction ...
Showing your address and a BTC-e address ...


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 08, 2011, 05:17:49 PM
Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"

Can you clarify what this means?
E.g. on TBX/BTC (https://btc-e.com/news/30) it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 08, 2011, 05:39:37 PM
Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"

Can you clarify what this means?
E.g. on TBX/BTC (https://btc-e.com/news/30) it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?

Nope. You got that right !


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 08, 2011, 05:52:32 PM
So a look through the block-chain before it opened should find an exact 5,000 transaction ...
Showing your address and a BTC-e address ...

Exactly, and I specifically demanded that they post it, with the receive address, so that none will be able to claim that I am engaging in some obscure activity.

I'm surprised you missed it

Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"



Can you clarify what this means?
E.g. on TBX/BTC (https://btc-e.com/news/30) it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?

Yes, and I openly said that in thread and IRC before proceeding, so I was more open than open office about it.

Also, just for your information, another exchange (I won't name them, they did me no wrong after all) demanded 50 000 (fifty thousands) TBX for opening a TBX exchange.

So btc-e are good people :D


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: kano on October 08, 2011, 09:39:50 PM
Nah my point was where you got the actual 5,000 from.
It's the 7mil's first transaction that used some of it: block 10017
(the previous 7mil transaction was simply an address transfer)

So what's up with not paying the 50,000?
You've still got 7764998 in tFzfqw3FvCPTYYJ9x4nfd99UpG8XyQkKDk

BTC-e hasn't actually done anything with their 5000 it's just sitting there
(though at most it's like only 50BTC so less than $250)

Hmm looking at the 2nd level faucet address tFaucetH2xmCj2NFxUHwKkdHnXQyGPGJ43
 that holds the initial 500 - someone had some spare time ... :)



Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: Lolcust on October 09, 2011, 09:09:05 AM
So what's up with not paying the 50,000?
You've still got 7764998 in tFzfqw3FvCPTYYJ9x4nfd99UpG8XyQkKDk

TBX already has an exchange that is workin' fine. I see no reason to pay 10 times its fee just to have a second one.

If anything, at this point I believe new exchanges can be relegated to the care of the invisible hand.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 09, 2011, 11:32:50 AM
I left the miner up all night, and I don't see any interesting balance in my TBC client. I am fully connected, at block 14,577.

Update: I did solve a few blocks after a few days. My first crypto currencies that I mined with my hard earned hardware! Thanks Locust!

However, I will be switching to LiteCoin when it's released.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 09, 2011, 04:05:59 PM
I left the miner up all night, and I don't see any interesting balance in my TBC client. I am fully connected, at block 14,577.

Update: I did solve a few blocks after a few days. My first crypto currencies that I mined with my hard earned hardware! Thanks Locust!

However, I will be switching to LiteCoin when it's released.

Why not switch to SolidCoin mate ?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 09, 2011, 04:46:46 PM
Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: bulanula on October 09, 2011, 05:22:16 PM
Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.

Care to show us ?


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: ripper234 on October 09, 2011, 05:33:21 PM
Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.

Care to show us ?

https://bitcointalk.org/index.php?topic=41321.0


Title: Re: Does it make sense that I mined Tenebrix all night and got nothing?
Post by: panerai on October 11, 2011, 08:23:13 PM
I solo mined 25 TBX last night on a dual xeon 2.6ghz

Im going to try the pools with one of my PC's

I still can't get some wallets to connect tho, wtf!!