What happens if I don't open that port? Ex: I am using a laptop that is behind a corporate firewall. I can not ask the sysadmin guy to open that port on the router.
Thanks
It will still work. You won't be connected to the p2p as robustly and if you are mining you might have more orphans. Not encouraged since if nobody opens their port there won't be a p2p. But it will work. Also, other nodes will still probably try (and fail) to connect to you. That might get logged on the corporate firewall. Be aware. |
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2014-Apr-28 11:06:34.210535 [P2P2]Connect failed to 176.58.127.147:18080 I see a lot of messages like that in bitmonerod screen. What is the port 18080 used for? That is the p2p. Do you need to open that port to the outside to allow people connect to me?
Yes |
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I guess it's difficult to tell if one doesn't know the quality of the products leaving their assembly line... maybe they need to mine with them for a few weeks to make sure they actually work properly because 50% of them need to go back for repairs before they are stable enough to ship... just a thought...
The biggest problem with the S2 seems to be that they aren't designed and/or packed properly for shipping. Most of the BITMAIN miners I've received out-gassed like crazy for 2-3 days. They were clearly not used. I wish they would mine with them for a few days and spare me the fumes. As you say this would also address some of the DOA issues. |
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I am sorry. My writing is so confused. What I want to say is that: I am not a CPU miner. The CPU in my laptop is so weak that it can solve a block after 3 days of mining. Not encouraging result to a miner at all.
That's why I want original developers to keep their coins to fund GPU mining tool and pool mining project
The best solution if you want to mine on a single laptop is some kind of pool (or better pools). Even if a useful GPU miner is possible and gets developed (and hopefully release), everybody else will have a GPU miner too and then the difficulty goes up, so with one laptop you still won't be able to solo mine with consistent results. |
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One related question: does the orphan problem decrease over time as internet speeds increase globally? What are some rough estimates for this effect?
Somewhat, but latency can't fall that much (speed of light). Also, over time in a successful coin the blocks get bigger, which makes the orphan problem worse, while internet and processor speeds are improving to make it better. So the two effects over time pull in opposite directions. The exact magnitude of each is hard to predict. I'm not familiar with the situation with DRK so I can't comment on that. But it is clear that the a higher number of orphans leads to greater centralization, and also isn't very user-friendly, because people can't trust confirms if they might get reorged away. |
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PS: I am a GPU miner. Just solved a block after 3 days of mining
There is a GPU miner for this coin? |
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Then, we can hardfork to 2 minute blocks and diminish any possible allegation of premine.
Hi tacotime, I did not follow the discussion strictly so I am a little confused here. What is the benefit of 2-minute block? Reducing network bandwidth/blockchain size or orphans? Yes that is the reason. There was no valid justification for one minute. The claimed reason was to make solo mining eaiser, but here we are one week into and people are already having trouble solo mining anyway (which was explained by me and others originally). How much more short sighted can you be than that? One minute means many more orphans and reorgs, and as you point out, chain bloat. |
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I'll take 0.25 BTC worth of Monero. Offers please?
I will sell to you at 0.00025 if you PM NoodleDoodle and he doesn't respond. |
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But you will gain the reward from both chains, aren’t you? I don’t understand it fully but from my side mining 2 chains is better than mining 1. Even if the difficulty is going up.
So, currently I support MM implementation.
I think, it’s a good idea. BCN has fairly stable exchange rate, moreover we solve 2 problems. First is the fear of closed community and the second one is the fear of new coin with untrusted (now) algorithm (MRO has no normal course or clear system of work). It’s no difference for our computing power to receive MRO or MRO + BCN. Don’t forget, that we are talking about money and this option will brings a real benefit for us. So, why should we abandon this function? And if the problem is in "policy" and developers disagreements, then why miners have to suffer? how come BCN has a fairly stable exchange rate? It is not listed anywhere. There are buy orders listed on the thread that noone actually responds. BCN preminers just seem to unloading the premine... As for the difference read the whole thread. IF we merge mine we MUST also mine BCN. And with all that premine BCN is useless... I traded BCN, smooth traded BCN and more... Exchange thread is active https://bitcointalk.org/index.php?topic=531925.180. It's mine that BCN has fairly stable exchange rate IMO. Everyone doesn't use original arguments, of course. Indeed, we build an opinion on its own philosophy and put different things in priority. IMO, trading activity confirm Bytecoin to be stable. btw, BCN was not premined, that's the conclusion I recently came too. No doubt it's better to blame 'premining' on the fact that you're too late to join mining it. lol. I would like to ask just for the lolz how did you come up with your recet conclusion! I would ask how it is that this army of 1000 (or is it 100 billion) Newbies always show up and argue every issue in favor of helping BCN. Why would that be? |
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So what is going on right now? Those that actually downloaded from git the previous 2 days are merge mining?
No, the only thing that changed in github is the minor version number tag on the blocks. TFT had said that anyone using the new minor version number would be construed as "voting for" merged mining, but he later agreed that some explicit action will be required to vote. No merged mining is happening right now, and in fact there no code for merged mining in github yet. What is the plan? I for no reason want to support BCN...
The plan is to keep fighting to keep the BCN shills and ballot-stuffers from sabotaging this coin in order to pump their ninja premined BCNs. Hopefully we can stop them, but you have to recognize they have 100 billion reasons to keep trying. |
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I fixed your url.
So let me make absolutely sure I understand this - there is no minimum payout? Even if someone has only earned one satoshi in a block it will be paid when the block is solved?
If it is p2pool then it isn't (currently) possible to earn one satoshi, because the share difficulty is pretty high, so one share pays a lot more than that. Yes, I'm not sure if the pool is a node or a proxy. If it's a proxy then it depends on the variable difficulty set by the proxy owner. I thought one of the reasons for p2pool proxies was increase the usability of p2pool for miners with low hashrates, or do the proxies run at super high difficulties too? You are right of course. Most of these new "pools" that pop up are just p2pool nodes though. |
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They have 100 BILLION (!) ninja premined coins. Do not expect them to give up easily. |
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Wow, difficulty over 500K. More than half of the ninja premine coin now.
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Please add my pool to the list. Pool : http://node1.ozpool.us:9332Fee :0.5% Pay :Tx Reward yes Variable Difficulty: User Defined Local Work : Stratum Pay Orphans: No Min Withdrawal : mine directly to wallet address Merged Mining: No PPLNS Yes Thanks! This is a p2pool proxy? Sorry, yes it is. Min Withdrawal : mine directly to wallet address Does this mean that there is no minimum? If someone mines 1 satoshi in a block you'll pay that out? Its P2Pool so shares are paid when a block is found. BTW, I setup port 80 to forward so you don't have to put the URL with the port. Sorry about that. Thanks! I fixed your url. So let me make absolutely sure I understand this - there is no minimum payout? Even if someone has only earned one satoshi in a block it will be paid when the block is solved? If it is p2pool then it isn't (currently) possible to earn one satoshi, because the share difficulty is pretty high, so one share pays a lot more than that. |
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I'm curious about the smaller scratchpad. Does that make this coin GPU minable? I would guess that it does (because the scratchpad will now fit in GPU caches), but I have not studied the algorithm that carefully.
Reducing the cache size reminds me of the choice of parameters in Scrypt that made Scrypt coins extremely GPU (and now ASIC) mineable, even though scrypt itself is a well designed memory-hard algorithm.
GPU minebility isn't necessarily a bad thing, but it raises issues of fairness, secret GPU miners, and a concentration of mining power.
A GPU minable coin should have an open source GPU miner available at launch otherwise it is just a race to see who can develop a hidden GPU miner first.
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If you really want the donation to be fair and effective as a business model, you need to allow the miners to choose not only how much they donate, but also to whom they donate. If the original develoeper(s) do a bad job, the miners need to be able to fire them (by vote) and have all the donations go to someone else. (The Invictus coins implement something like this.)
Otherwise this is just a scheme for you to collect donations from lazy or ignorant miners (who do not know how to or do not bother to disable donations) forever regardless of whether you actually continue do useful work.
For that matter this is part of the essence of crowdfunding. I should be able to donate, but only if you convince a sufficient number of the other miners to donate as well. If too few are convinced, then you shouldn't get anything, including my donation or those from lazy or ignorant miners who donate by default. In practice a vote-to-fire system is largely the same and easier to implement.
Failing all that, provide an easy mechanism for miners to donate but leave it off by default. If you add value miners will turn it on.
I will support this coin if you get rid of the donations-by-default scam. EDIT: And also address the GPU minability issue below.
Changing the name would help too. You mentioned in one of your earlier posts that you are not a native English speaker and that your language is quite different. You should realize that in English HoneyPenny is an atrocious name for a cryptocurrency. I mean this in the most constructive way possible. Rename is a priority if you want this to succeed.
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Are the unlinkable transactions similar to bitcoin stealth addresses?
Yes they are and it is interesting to note that the original idea comes from a very old post by a user with the nick of ... are you ready for it??? ByteCoin! https://bitcointalk.org/index.php?topic=5965.0 |
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1 BTC = 600 USD and we can close this GB thread in hours.
I have to agree with that. I think even 550 would help. price is currently being suppressed, over the past few weeks we've seen dumps and rallies, manipulation to keep the price low. I have no doubt whatsoever that the rigs bought in this group buy will still be hashing even a year or so after they are received. BTCprice will react in the long term to the current trends and I know one thing for sure, long term -it ain't going down the way! That may be true but the problem is that it takes more BTC to buy a one of these rigs now. |
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