Bitcoin Forum

Curious how many of you all know what XPM is about.

How is it such a grand innovative coin has fallen off the planet never to be heard from again ?
When was the last time you seen one guy in crypto bring up XPM ?

With it's *first one of a kind scientific (prime number) POW system how is it ignored in favor of Scrypt clones or X11 clones (Quark rip-offs) ?

a sad sorry state this Altcoin stuff is  :'(

I agree!!!  Prime coin is awesome ...

Approval from spotniek and robinwilliams

Thanks man :)

and wow holy shit guys i just looked to find the ANN topic link for new guys and WTF ???
the ANN topic is not even in the search results !!!! ..not at all even after checking 7 pages with keyword "prime coin"
(plenty of shitcoins were though that had ripped off / copied XPM in some way)
on like page three i found a wallet optimized topic though and it had a link to it (the official XPM ANN topic)

this is sad state of a affairs guys what has the scene come to ? :(

anyway here is the two useful links..

 [ANN] Primecoin Release - First Scientific Computing Cryptocurrency (https://bitcointalk.org/index.php?topic=251850.0[XPM)

[XPM] [ANN] Primecoin High Performance | HP14 released! (https://bitcointalk.org/index.php?topic=255782.0)

Coin made LAST YEAR by Sunny King using a custom algo like none other before it !
one of the few coins that actually does something useful.

I was mining XPM way back when the price was around $5 dollars , the summer of 2013 I believe. It is an original coin, and one of the rare genuine coins, unfortunately it is almost forgotten now, amid all the scam and shitcoins released every day.

Jimmy Zed

that's that bastard coin that gets no sunlight, correct?



But in all seriousness. Why doesn't it have the attention it deserves? 

What are its strong points?

I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.

this is one of the coins that got me into cryptos to begin with. I thought all alts were going to be this cool. I still think utilizing hashes for something constructive is a worthy idea, though often overlooked.

FoldingCoin, a token released on the Counterparty platform utilizes your CPU power to simulate protein folds for scientists at Harvard. You get rewarded a share of tokens equal to how many folding jobs you finish on a weekly basis. I know its not exactly the same thing but its in the same vein.

Same here. This was the first and only coin I have ever mined. Been a support of XPM and PPC ever since.

It seems that nowadays you can only trust the "old" coins created before the alt implosion of 2014. Most of these new coins are scamcoin - IMO less than 3% are legit perhaps not even a dozen coins.

Jimmy Zed

Mined xpm when it was new, seems that the forum is still active? http://www.peercointalk.org/

wtf?

its very fast confirmations by design, I know I m mined this on 6 x vm's in the first few days

Faster transaction confirmations: Since Primecoin blocks are generated 8 to 10 times as fast as Bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast

didn't know that was an issue :(

and FoldingCoin ? never heard of it..

GridCoin / GRC from last year deserves a mention here to for people interested.. i mined it briefly last year but did not get any coins :(
It used BOINC with a scrypt style POW pretty much but i don't think it took off because it had a windows only wallet ..i think ?

anyway there is no way that XPM should have been forgotten and abandoned this is not right !
but it's typical and hammers home my often repeated point(s) around here the 1,000 + clone coin "this is the one" syndrome..
like X11 coins are the kitty's titty's until X12 coins are being pushed by name changing cloners (and their bag-holders and shills)

like take Quark for example it.. it was the go to coin to rip off and remix it's POW hashing system of mixing specific hashes
and after later on Quark gets no attention at all.. and worse is bashed and lied about to prop up rip-off's of it.. such as FairQuark.

And funny enough guys have lied through their teeth about it all over trying to say it was flash mined unfairly but XPM / Prime coin was the same but even worse probably !
Which once again proves how dishonest people are.. my coin is great and then they lie their ass off..
Most of the time the guys pushing some coin don't realize that it's hashing system is a slightly modified version of Quark
based on a few different forks of the miners etc made for it.. Like Max Coin for example, was copied from Blake Coin
and Blake Coin was a copy of quark with every algo deleted except for the Blake hashing algo.
A lot of expert kids who never seen a line of source code !

The reality is coins that have had some major advancement get popular then when some time passes newer guys show up and cry
- Flash Mine
- Ninja Mine
- Insta Mine
- Make up new term Mine

when in reality they should just call them a popular coin like Bitcoin  ::)

these guys usually don't factor in that these coins such as Quark or Prime Coin did not even have GPU miners for a looooooong time either !

Definitely a quality coin that has been overlooked with the newer crypto connoisseurs.

There was a time when every new announced altcoin seemed to plan to base itself on primecoin.

Wait - don't repeat the fallacy that if it confirms in N blocks on Bitcoin, it confirms in N blocks on an altchain with different properties.  Faster block times do not equal faster confirmations.

I believe that primecoin is no different from other altcoins except for the idea that pow may actually be useful. However, a more sophisticated case should be implemented so that it becomes meaningful. Distributed on-demand calculations for proved scientific purposes maybe the answer, but it may well be useful to have a look at more practical and rational application. The bottom line, calculating primes is not a success driver per se.

all that spells "opportunity" to me -

what would "Warren Buffet" do?

if these where stocks would he care about the squealing of a backwater developers forum, or would he look at the fundamentals and technicals knowing that in the future as education spreads it is inevitable that if you have these things right , the market "catches up"

So sometimes we all get ahead of ourselves, it of course comes down to faith, this market is tiny and we all know the split:

_ Scams
_ Distractions
_ Spam
_ a small core of innovators.

find the 4th one and if you believe in Crypto you have no problems.

I like Prime a lot - but i like to buy low , so I will go for a few others in the mean time as Prime was hyped and listed on BTCe so i think is still has a little "BTCe hype premium"

not much but and its definitely a Buy - Quark is obvious as there are actors trying to push it down they have to its their job, this is like free money.

Always love reading spoetnik and digitalindustry comments and threads, not trolling when I say that either.

I had 150000 XPM back then. Sold them all last year. Is it still alive? I don't see any interest.

Mined that coin while it was fun but got overshadowed by scam coins.

same here as well

I think the reason for it's decline was the lack of open source pool software for a long time.

Riecoin not only has open source pool software, but it also solves XPM's problem that pooled mining is not as efficient as solo mining.

I mined xpm when claymores miner first came out, but it requires a pretty beefy cpu otherwise the gpus wouldnt load. I upgrades my semprons to 6 core fx's and mined their cost back, about then xpm difficulty rose too much so i dumped the fx's and went back to semprons.

My question is why is network security considered a waste of hash power? This is like saying oxygen is wasted because we primarily use it for breathing.

Because power can be used for something else while still having network security.

Well this can be said about anything, security guards at a bank could have a desk and process loan applications...
Is it necessary and does it detract from the primary function? Market says its not important at the moment.

I hear this all the time, what a waste POW is. Its not a waste when compared to physical security requirements. For the price of one rent-a-cops salary I could run 30 miners.

Security guards processing loan applications would suck at both jobs.
sha256 PoW is a waste when compared to what other types of PoW could achieve while still having great security.

XPM is a unique coin, anyway you slice it - whether it will be profitable that is questionable, I mean the purpose of the coin is not to make someone rich but to solve complex mathematical problems. Long gone are the times when coins were created out of idealism and philosophy - it's only about profit now. And this puts BTC and alts on a par with other possessions such as money, land, gold etc.

confirmation doesn't take 3 days, though block maturity does when you mine a block.

No, it is a waste. Bitcoin mining is the single biggest waste of electricity in the world.

Primecoin was the first coin I mined, and from day one. I still have some. I wish I'd stayed with it instead of being distracted by all the alts.

There was talk, back in the day, of using Parallella boards to mine Primecoin. I have a new, boxed, Parallella 'cluster-in-a-box' (4 boards plus other hardware http://shop.adapteva.com/ (http://shop.adapteva.com/)) which I will be putting up for auction this weekend.

Couple of points: - XPM doesn't attempt to find primes, but Cunningham chains of primes. Protein folding is at Stanford, not Harvard

You can't really decide that unless it is your electricity being used.

The decline is due to botnets farming it and dumping it for free. There is no way this is going to be ever saved unless they find an efficient GPU miner to fight the botnets.

XPM was my entry coin. The more I learned about it the more I liked it and realised it was a major 'cut above the pack'.

When the price tanked, I still held onto a few hundred that I had (which was a lot for me at the time) just because I rated it so far above anything else.

It's Peercoin's younger brother (known to me as 'Power PC' from its acronym) which is one of the 'greats' of all alts - maybe even more so than Bitcoin. For ages I thought that PPC would definitely steal Bitcoin's crown due to Sunny King's vision for a highly articulated crypto-economy where Peercoin's high transaction fees propelled into the role of  trunk transmission for very large financial transactions.

XPM is still at 27 on marketcap so it's by no means dead. PPC is at 7 with DOGE and LTC the only mined coins ahead of it. That is a phenomenal achievement for an alt coin its age to have retained such a high ranking.

The rule is - wherever PPC goes, XPM goes. They are joined at the hip, so with PPC at 7 and XPM at 27, means XPM is a fantastic buy.

Get stuck in because it ain't goin nowhere folks.

P.S. The most amazing thing of all is where Bitcoin is now after nearly 2 years of competition from every type of "advanced" alt coin under the sun:

***************** 35 times the value of its nearest competitor. ***********************

After hundreds of launches comprising every type of improvement over Bitcoin - none of them even put a dent in it.

Ha, I did that too!

But its not wasted, what is so difficult to understand, it powers the network. This is not using power for the sake of using power.

Idling my car because I'm too lazy to turn the key off is a waste.

Do we get something for all this electricity use? Yes we get bitcoin. If there was zero benefit then it is a waste.

I think what you are really saying is "buy my POS coin I'm heavily invested in".

@nutildah, Agreed !
i always think what if that BTC hashing power was doing *useful work for us !

We desperately need computers to work for us all over the world in all areas to advance our human civilization.
and the mixing in an incentive to do it WILL catapult humanity's intelligence level by leaps sand bounds !

We're not going to get rid of the "i wanna be rich" bullshit so this XPM coin is one of the first to incentivize the concept i think.
i don't think people out there grasp how big the concept is.. we could positively transform humanity forever.
Change from idiots throwing spearheads on a stick to floating in outer space..

or solving a lot of diseases or solving critical math problems like how to make a warp drive or something to go the nearest star.
the barrier in everything in all of humanity is getting us to work together for free !

this is why we could be wiped out any time by a big comet.. we all know it, but no one is going to lift a finger !
so the best we have is govt sponsored projects like NASA/JPL or University sponsored projects etc that reply on limited incomes.

Imagine everyone on the globe switching to a new digital currency that rewards guys for coughing up hash power for science projects !
We seen what happened when it was done simply for no purpose "security" & transactions etc aka: bitcoin hashing
That is wasted hashing !
most of it could be used to find a cure for a disease or something ..the possibilities are staggering if you think about it !
pouring the entire worlds computer resources hashing power onto one mathematical project could yield some "holy fuck" accomplishments  :o
We could maybe use that power to make faster PC's and then use all those to science hash to make faster PC's and so on..
Or how about using a glass of water to power New York city for a year with electricity ?
We're working on this right now and it's called Nuclear Fusion (same thing our star is doing) (opposite of Nuclear fision; AKA the Atom Bomb which does not happen in nature)
One is clean and produces no side effect contaminating us and the other pollutes our planet with radioactive material.
We need computers to make this work and become more and more efficient !

And then we have the Helium-3 reactor problem looming on us and a global race of teams of scientists who need research PC's to setup reactors !
This could likely be the future of power and we need to make reactors to convert Helium 3 (found on the Moon) for power and so far the USA team
has proven the concept works but they are a loooooong way off getting it so it's energy profitable.. it's also suspect others like China may be way further ahead too.
right now you need too much power to run the reactor and get back like 0.1% power the USA team said on TV.
and the same problem is plaguing us with Nuclear Fusion.. the magnetic rings needed to hold the plasma in a circle "off the walls" is costly power wise
and we could sure use a better system.. the plant they are working on right now costs billions coughed up by numerous countries.

like a lot of stuff revolves around complex calculations that need to flesh out mathematical outcomes on infinite branches like tree of possible outcomes.
and this is a massive barrier in every aspect of about every damn problem you can think of !

think of it as trying to guess a password.. you would have to go through every possible combo.
THAT is the concept that holds all of humanity back !
When we can cough up crazy sick ass amounts of computational power we could prob simulate the whole human brain, imagine what that could do !
which we think we can't even do 1% right now with PC's.. our brains are way too complex for computers these days.
so what ?
how about Immortality ?
Like we're talking about some pretty intense and brutally incredible implications !
and i really believe the only way it's going to happen is by a digital-currency mod like how XPM worked sort of..
Tying in the concept of incentivizing computer hash power is the solution !
No longer would people say who cares if a comet is creaming towards us .. i want a Lambo and a gold chain and hookers and crack LOL

I also think we are so close to hitting this tipping point it's scary !
We could have a new coin come out and take over so fast it's disturbing..
Extreme advancements in a super short period of time could have us in hover cars in 10 or 20 years instead 60 or something !
It could get crazy over night !

We need to get on it.. we have work to do !
Like a lot of things holding us back are assembly line manufacturing issues such as with Lithium Ion batteries
and how they have new tech that makes them work way more efficient but the barrier is the assembly process costs too much
so the concept sits in a test lab as proof of concept rather than implemented across the globe.
And last i heard I think it was Samsung who had a break recently on that exact problem and over night we could see fancy new batteries in phones / cars etc..

What i envision is a new coin / digital currency that uses it's hashing power to do scientific work but for a modular design
as in not just calculating Primes like XPM but for individual projects.. like we could have grids for regions of the Earth
and we could have a built in voting system for projects in the wallet so we could vote for the SETI project to find Aliens for the North America Compute Grid
and then it woudl be allotted a specified amount of time to do science work then a new project could be voted on etc..
all the while motivating everyone to get involved because of coin rewards used across the globe as the new digital currency of planet earth !
This doable and i think it will happen and we're a step away.. could be unleashed right this minute !

In less than 100 years you will have USB drives for YOU !
You will plug in a cord and click back up and later upload your entire brains life experiences into a new body i think.
People are already working on this such as well known Russian Billionaire.. this shit is no joke !
Problem is the tech is going to the rich and privileged and with what i said the masses can benefit :)

Roll pennies and cash in pop bottles or let's transcend this rock and populate a dozen other planets ?
Money is a temporary thing until we get over ourselves and our childish petty greed.
Why fight over the limited resources on Earth when we could expand our resources by going to other planets ?
Let's think big guys ;)

The cost of the hash power applied to the Bitcoin network is only about $80 to $150 million per year. It's peanuts. Money and hashpower well spent i.y.a.m..

In any pursuit - business or technological - you can only have one priority. Either it's securing the network or doing "science experiments".

Bitcoin's hashpower is pointed where it belongs - securing the network - and Primecoin's is where it belongs. Markets value each accordingly.

Mixing those priorities would create ambiguity where now we have clarity - i.e. a disaster.

no that is laughably stupid man..

Everything you said i agree with, but I did cringe for "credibility reasons" when you quoted the 27 number on the "Market Cap".

i'm not saying you are not credible but the "market cap" is a humorous embarrassment, and I'm ditching it now before the rest of the market educates themselves and it makes us look like idiots.

the question is if i did all the relatively simple things that i needed to do to put "turdcoin" in at oh say 16 or 17 , would you be quoting it now ?  

that fact is the "Market Cap" is out of hand and it was great while it lasted, but its time for a new set of rules,(old rules)  which will obviously become the most efficient and make the coinmarketcap look like the embarrassing list it is.

this stuff always happens with sociological market dynamics - coinmarketcap was just protecting their number 1 which is Bitcoin as that power fades so does the relevancy of the Cap.

My suggestions were noted previously but maybe they can be expanded on :

maybe we can think of some parameters that just take the "embarrassment" factor out first.

then move (childlike) onto more core economic parameters?

thank you, for the first time, someone openly recognising that cmc means absolutely nothing.

cheers - i'll note if you know history they started to core spam (or maybe the core spam started) (probably related)  - after Quark passed Namecoin, you could feel the panic.

we will be there again, simply, in the mean time we can now scrap CMC.

CMC is another psychological obstacle preventing intellectual discussion about serious cryptos

As Captain Piccard would say, "Make it so, numbah One".

:)

Actually he is right. Miners have to dump all the mined BTC at the market because they can barley cover the electricity cost, so right now at this point in time - he's statement is correct.

I can suggest much better coin than XPM.
PM me for that  :)

XPM is vulnerable to botnets, which is probably a major reason why it's not a contender anymore in the crypto world. I never bought into it, as it seemed to climb in price quickly when it first came out, and for no good reason. While it may have been more innovative than 99% of the scam coins out there, it was also pumped, dumped and forgotten.

This make no sense at all, because some miners aren't profitable that means the entire bitcoin network is a waste of power?

Whether mining bitcoin is profitable or not, and having pow secure the network are two completely different issues. Plus you make blanket statements like all miners sell all coins..really? Cite your source for every single miner please.

Conflation and confabulation, look them up.

I swear with the shit people make up and believe, combined with the logical fallacies infesting trains of thought I wonder how these people even function at all. I keep thinking people interested in bitcoin are outliers, technically minded, intelligent people. I doubt this more and more every day.

http://www.martec-diving.co.uk/inc/img/monkey-keyboard.jpg

I don't think you are correct. Back when XPM was released 18 months ago, there were only a few alts, and what is happening now would have not applied then. PPC and XPM are basically twin brothers and go up and down together. Still so much potential , because in the sea of so many shitcoins, we know for sure that XPM is legit and unique and has a history. 99% of other alts do not have that.

Jimmy

I recall there being more alts than one could keep track of when XPM was released. PPC was released when there were few alts though.

There was around 55 is my best estimate.
XPM ended up EXACTLY like Quark coin among others too so all of you crying instamine on Quark HAVE to say the same for Prime too.
The problem here is it's fun to attack people you don't like by slandering their coin.. digatalindustry likes Quark there for it was an instamine scam ? sure LOL
Lying at Bitcointalk for money... never gets old.. you're all *mostly scammy greedy brats acting like this is a school yard with backstabbing games and bullshit for $
I will be your best friends for ever and we skype & stuff :)
But only of you buy my shitty scam coin and blow me.. otherwise your an asshole troll who deserves to be harassed to no end.
1 foot of semen crusted on your faces until Moolah goes tits up then you all put your sunglasses on and i say knew they sucked blah blah blah
suck clone coiner cock for profits much kids ?

XPM is the first coin that I am aware of that actually solves real life problems with its mining algorithm

There's also RIC and GAP.

TO THE MOON!!!!

http://s9.postimg.org/q8bnq3rkv/moon1_2253098k.jpg

Had to say it :P but yeah having a usefulness to the coin and what it can do is good, If you were going to make a cause coin like that, it might be better to merge mine it with bitcoin, maybe even have proof of stake as well so that it can help out it's price a bit better. XPM is all well and good but people wanna make money too which is why it's not as popular than the more financially geared coins.

Prime was the second coin I ever mined, the First was Data coin.   However, by the time I stumbled on to prime, my laptop really couldn't make it work out worthwhile.   Loved the coin, loved the concept, but after a week, realized that Datacoin was a better solution for me at the time.

This is a pretty common trend. When Bitcoin goes down a little altcoins go down a lot. I don't think there's anything in particular that's happened to Primecoin to drive the price down, but therein may lie the problem--nothing in particular has happened with Primecoin. I would certainly not call this the end of Primecoin, but it has stagnated as of late.

I have mined all three of them. Currently mining GAP and keeping an eye on RIC. I am always interested on PoW like those.

I would love to see the communities of such coins united somehow and breaking new records...

Primecoin is not the optimal solution for what it intends to do. Also it has mostly been leveraged as a Peercoin marketing product and from a pure cryptocurrency perspective (overlooking its revolutionary Cunningham mining scheme) it does not perform well. I would have loved to see a properly managed Primecoin fork. However, just like Datacoin (the coin I like to recall as the raped coin), it served perfectly as a source for inspiration for what schemes where built out of its original idea. When it comes to useful work schemes, either Zencoin's, or Gridcoin's approach will prevail.

what I like about XPM, they have a bonus against outlawing, because the algo is not a complete waste of energy, so when "THEY" try to outlaw crypto woth a CO2 tax, that wont work for XPM

XPM was a victim of its own success. The algorithm couldnt be hashed efficiently on a GPU so it remained the standard coin for abuse by botnet owners. This is the fate of any CPU only coin.

That time has long been over thanks to Claymore.  XPM has been GPU territory for many months now.  RIC and GAP are still CPU-only atm, but that will change one of these days too.
 
In the eyes of the profiteers (miners, investors, etc), XPM is just another coin.   If it's profitable to mine and dump, it'll be mined and dumped.  If it aint, then noone is going to touch it, regardless of its technological innovations or features.  If the price doesn't support the cost of mining, it doesn't matter how technologically magnificent the coin is - it won't get mined and the network will die off.

Its not efficient enough. As long as CPU mining stays relevant, botnets will outcompete them easily. It makes it difficult for the coin to have any value.

Speaking of prime numbers...

http://www.wired.com/2014/12/mathematicians-make-major-discovery-prime-numbers/

Gatra / Claymore, any insight into this discovery from the perspective of optimizing your current miner algos for hitting bigger chains?

SunnyKing just posted an update today.. Some new stuff is rolling out !

I am happy to see XPM getting some activity and look forward to see what Sunny has for us all.

Prime is one of the few coins that don't get on my nerves LOL
(i am sure many of you here think i hate ALL altcoins) ..not so ;)

Note:
Hopefully this XPM stuff won't get buried by the endless Monero, Dash, NXT etc hype spam bs

edit:
Here is the topic link.. https://bitcointalk.org/index.php?topic=114994.0

Never heard of it, but I'll check out the links that has been posted in here

Primecoin was the first coin to introduce a prime number sequence for mining. It has a lot of cool features and it has a good roadmap.
Unfortunately, the coin's price has been decreasing, and I guess it is currently way undervalued.

It is indeed one of a kind but that may not be enough. Why would a merchant care about prime numbers? Ultimately people have to use a coin in order for it to be useful. If the only purpose is dealing with prime numbers usage will never be widespread.

intersting you brought up XPM. XPM has been a prominent coin in the early 2013 days alongside Peercoin
https://www.coingecko.com/en/coins/primecoin

fair enough but at least it's a step up over Bitcoin in the mining electricity wasting issue.
and i think it does still function as a currency like most any coin with a wallet etc.
but just think of how much power is burned with all that Bitcoin mining hardware out there.
then take something like XPM and think well that power can be put to some good use..

coins like Prime Coin or Grid Coin etc have my blessing.
they may not be perfect but at least they are moving in a positive direction.