Is there any indication on the client running on "server mode"?
I think I'm mining air.
I don't think you can even mine without the client being in server mode. What's your hashrate? Difficulty is way up, and I'm having trouble finding blocks with 1.2 MH/s. |
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Haven't read the document, but this could probably work. If you can seed the random number generator, you can use the data that is now being hashed (block header) to seed the generator and create a random number, and compare this with a target (difficulty). The problem with this design, is that anyone that wants to verify the block _needs_ the exact same implementation as well. So not that many people will be able to run full nodes. Again, this assumes you can seed this generator and that after seeding the generator will produce the same numbers. Haven't actually looked at how this RNG works. |
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Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.  Does the reward decrease to zero? Can anyone graph the reward per block? reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time. according to balthazar: reward = 100 / (diff ^ 1/6) for novacoin , so here in BTB it should be: reward = 1 / (diff ^ 1/6) . So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB? In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation. If anything, BTB should be valued more, since this is a no pre-mine version of NVC. That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long. |
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Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Does the reward decrease to zero? Can anyone graph the reward per block? reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time. according to balthazar: reward = 100 / (diff ^ 1/6) for novacoin , so here in BTB it should be: reward = 1 / (diff ^ 1/6) . So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB? In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation. |
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Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Does the reward decrease to zero? Can anyone graph the reward per block? reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time. according to balthazar: reward = 100 / (diff ^ 1/6) for novacoin , so here in BTB it should be: reward = 1 / (diff ^ 1/6) . Makes sense, thanks for the explanation! |
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Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Does the reward decrease to zero? Can anyone graph the reward per block? |
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Make a coin for botnets? no thanks
Can't SHA-3 run on GPUs as well? That would make botnets much less profitable really fast. Scrypt is much better for Botnets, since the advantage of GPUs over CPUs isn't that huge. It can. But it will take time to create such mining soft. Then they will have to launch the coin together with a SHA-3 GPU miner  |
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I've been getting a few pm's and have a good idea of the fair market rate. Message me privately to discuss please.
Care to share this so called fair market rate? Wondering myself how much people are valuing this new coin. |
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I don't think people understand the coin yet, also the block amount is < 1.0 and decreasing with time. So if anybody is looking to buy them, you are not going to be buying in amounts of 1000 like FTC and CHN, but rather amounts of 1.0 or probably less. Also I started up the miner about 15 minutes after the thread was posted and blocks were at 0.8, so I doubt there was a premine.
Yeah, bad design choice to make the reward so small. Sucks to work with these small numbers. Oh well, just mining for fun now. Let's see how this is going to turn out. |
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The difficulty adjustment is really well done as far as I can see.
New blocks are coming every few seconds for almost 1 hour now, and you speak of really well done retargeting. Retarded? Another fail launch. CHNcoin's algorithm did much worse. The retargeting is one of the best AFAIK. It's just that they fucked up by choosing an initial difficulty value that is way too low. No, they fucked up by setting maximum difficulty multiplier to something like 1.001 instead of 4 as with Bitcoin. Actualy, it is intentional - any decent coder would not simply forget to adjust starting difficulty properly. True, could be intentional. But you can't compare the difficulty multiplier to the one used with Bitcoin. This one retargets every block, rather every so many blocks like in bitcoin. Setting up the multiplier too high will cause it to spike really high, with the miners leaving and causing the confirms to be really slow, which will delay the retarget as well. Would make it go through the same problems as Terracoin did. I do agree with you on the initial difficulty. Should have been way higher, and then the multiplier would be adequate as well. |
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ATTN there might be some flaw in coin. I mined it for 30 min on low diff on 2-3 cards balance 0. My friend saying coins come to wallet and then dissapear. Checking more.
I say install on virtual machine just in case.
Means that your blocks became orphan blocks, because blocks are being found so fast.  |
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The difficulty adjustment is really well done as far as I can see.
New blocks are coming every few seconds for almost 1 hour now, and you speak of really well done retargeting. Retarded? Another fail launch. CHNcoin's algorithm did much worse. The retargeting is one of the best AFAIK. It's just that they fucked up by choosing an initial difficulty value that is way too low. |
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Make a coin for botnets? no thanks
Can't SHA-3 run on GPUs as well? That would make botnets much less profitable really fast. Scrypt is much better for Botnets, since the advantage of GPUs over CPUs isn't that huge. |
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So, all of my accepted are for .5 bitbar. I thought the block reward was 1 bar? Why would i get paid out a half of bar. Makes no sense.
Mine have all been for .3967 BTB Actually, started at .523, then slowly has been going down... at .3967 now. This I would assume is the continuously adjusting difficulty. It's adjusting both the difficulty and block reward. A bit overkill IMO. We'll see how this turns out. The difficulty adjustment is really well done as far as I can see. The reward size itself, and the fact is decreases so fast, not so much IMO. |
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I'm solo mining via pushpoold... getting decent returns (I'd think...if this is anything like mincoin... about 93 BTB over the past 30-45min...I have about 20,000 KH on it)...
this coin looks like it may have some things that will set it apart and the authors gave it a bit of thought. I was waiting for something like NovaCoin that wasn't premined... unfortunately:
* so many crapcoins have been released lately it may get lost in the noise
* smaller numbers aren't as sexy as the large ones...(although mincoin has made it to some extent...hopefully this turns into something)
Is there any guide for setting up pushpoold on windows? Yes, this would _really_ be appreciated. Longpolling is nearly a must with these quick blocks |
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Nothing but rejected blocks Even if they do get accepted, they almost all become orphan blocks. |
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What's the fee % if there is any?
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How difficult is it to mod the source to support new coins like CHNcoin?
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 2.6MH @ chn.bounceme.net:44397 Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer The wallet doesn't connect to a pool, a mining program does. Now you could use the build-in mining program in the wallet client, but it's not very fast. Since he has a lot of hashpower, he's probably using CGminer or some other mining program. Ok thanks I just wondered why it says mined rather than transferred from a pool ?? By it saying mined I thought it looked like its been solo mined or done through the wallet client itself. By mining via P2Pool, a similar transaction that's created when solomining will be created when a block is found. Rather than sending the reward to one address as is the case when solomining, the reward is sent to all participants that helped finding the block for the pool (to everyone who submitted valid shares). |
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