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@Shakezula,
Correct, it's 40 times coins per share which was nearly 150,000 per share. The 45K blocks is just the way the coins show up.
Everything is on the up and up with devcoin. My friends were telling me I was getting scammed and would never see a single coin but I took my chances and I got paid every coin I ever earned. Devcoin and devtome are totally legit.
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http://en.wikipedia.org/wiki/EncryptionIn cryptography, encryption is the process of encoding messages (or information) in such a way that eavesdroppers or hackers cannot read it, but that authorized parties can. Are you aware that PGP uses SHA-2 as it's encryption algorithm. Okay, get this through your thick skull: Hash function -> One way message digest. Cannot go from digest to input without brute force (barring attacks against the algo). Encryption algorithm -> A reversible encoding that can only be reversed with additional information, the key. PGP may very well use SHA-2, but it's for hashing, not for encryption. May I ask what your background or education is for programming/computers? If you're self learned that's fine too - I've personally met 16 year old hackers all self learned who hacked in NASA servers and the pentagon. Yea and I've met 10 year olds who hacked into the NSA and the CIA. Get real You're joking right? You think that's easy? Why then would the CIA show up in Eastern Europe and offer one guy an immediate flight to America and a job for the Feds? They literally took him on the spot with his parents permission of course. If its no big deal why don't they hire you? And the other guy got busted by the Feds and google bailed him out and paid the Feds near $400,000 fee - their cost to track him down, and now he works for google but since he's living in a 3rd world country (eastern Europe) and google basically owns him he doesn't get paid jack. You think google would pay $400,000 upfront cost for you or the 10 year olds you know. Both these kids had ZERO programming training and obviously they're unique and talented otherwise the Feds and the google wouldn't pay big money for some kids with no formal education. I'm just saying a person can be self taught and be very talented and capable so a degree is nice but not necessary. Creativity is something you can't teach and I'm guessing that's what set these kids apart. |
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http://en.wikipedia.org/wiki/EncryptionIn cryptography, encryption is the process of encoding messages (or information) in such a way that eavesdroppers or hackers cannot read it, but that authorized parties can. Are you aware that PGP uses SHA-2 as it's encryption algorithm. Okay, get this through your thick skull: Hash function -> One way message digest. Cannot go from digest to input without brute force (barring attacks against the algo). Encryption algorithm -> A reversible encoding that can only be reversed with additional information, the key. PGP may very well use SHA-2, but it's for hashing, not for encryption. May I ask what your background or education is for programming/computers? If you're self learned that's fine too - I've personally met 16 year old hackers all self learned who hacked in NASA servers and the pentagon. |
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Fairbrix, like Tenebrix, is scrypt based, they are what litecoin eventually came out of.
You should be able to CPU-mine them. Maybe put a third of your cores on each of those and a third on primecoin.
Or maybe put just one core on each of them and the rest on primecoin, if primecoin looks like it will pay something sooner, since it is likely more liquid currently.
On a sixteen gig dedicated server out on the net in a datacentre I run p2pool and used to have all the merged coins right on that machine too.
Then though p2pool would complain that some coins took more than five seconds to respond to getwork requests, so I moved geistgeld and i0coin to a separate machine and told p2pool to use them from there. I still though at times also run geistgeld and i0coin on the p2pool machine I just don't tell p2pool to ask getworks from there as it is into swap space enough that it would get those over 5 seconds problems. I run them there simply because the time when all other miners momentarily vanish I still need a connection in order to mine. I0Coin dies almost daily, so there still are times when everyone's happens to have died at once, so I like to run some spares to lower my unable-to-mine time. GeistGeld people tend to stick to for a while then decide their RAM could be put to better use so they go away once they have accumulated however much they feel will be enough to be a decent nestegg when it comes back into the limelight, so from time to time I would find zero connections, so it seemed reasonable to have a spare copy of it myself to tide me over those times.
So yeah a couple of 16 gig machines should be fine, put p2pool and all the merged coins on one, but tell p2pool to getwork for i0coin and geistgeld from the other. Run I0Coin and GeistGeld on both, in case all other miners happen to be down at any particular moment. You should be able to run Faribrix-qt on one and Tenebrixd on the other also, with both using all their cores to (with "nice", see "man nice") cpumine using minerd. ("nice" primecoin too, I have that on both servers too. Once it has a standalone cpu miner, "nice" that.)
-MarkM-
Sounds great but I can barely understand half your directions. I'm sure a programmer looking at your post can figure it out so i'll put an add on Craigslist in the next few days to see how much it would cost me to have a guy come here and spend a few hours (hopefully not more - programmers aren't cheap) setting these servers to mine these coins you're recommending. Once it's all set-up I'm confident I can fix any bugs or issues. Thanks again. |
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I set up a Dell Optiplex 755 with 8 gigs of RAM, installed live fedora linux, which caused only 10 gigs of swap space to be created, and ran GeistGeld. It was killed due to out of memory error before it even got to the point where it had rescanned and was ready to actually work.
.
But then I just got 16 gigs of RAM for an IBM Intellistation Z Pro I have here, and found even with only two gigs of swap I can run GeistGeld in that so far, and once it no longer runs in that I can take the time to make a proper sized swap space for it. So hey, I am content to keep on racking up GeistGeld by throwing RAM at it for now, since once a merged coin based on latest bitcoin does happen its not only GeistGeld but also GRouPcoin and I0Coin and CoiLedCoin that will suddenly have many more miners flooding to them eating more and more of those pies leaving less of each for me.
Basically if you want something so easy to do that every computer-illiterate using Windows can do it you will hardly make anything because there are so damn many such people out there who will all easily grab part of the pie. If you want more than just the tiny crumbs such vast unwashed masses would leave you you need something as many as possible of those masses consider "too hard" or "too complicated" to grab a piece of. Something its easier for them to buy than to mine, maybe.
If six billion people can all grab a slice without hardly even trying, you're not going to get more than one six-billionth unless you have some edge they don't have, simple as that...
-MarkM-
I get it. So I need to befriend a local programmer on craigslit to come over and set up merge mining for the harder coins like fairbrix. I bought an older dual quad core Xeon L5420 dell server (so 8 cores) with 16 gigs of ram. Is that enough? If not I can buy another 16 gigs and with 32 gigs of ECC ram I imagine it's plenty. Or I can actually network 2 of these servers together (if that's possible) cause I gave my brother one but he doesn't use it. They each have 4 76GB 15K scsi drives, on board controllers. Ethernet cards, etc, nothing was stripped from them so I think they can get the job done but now I need to find a programmer in my area to come help me out - I'm losing precious time. These servers are low voltage so the electricity bill should be ok, although they're pretty noisy but I do have a spare room. They sit here I start them once per month - what a waste when they could be merge mining. Wish you lived on Oregon, Mark, lol, hard to find trustworthy people when you have small children in the house. Scary. Thanks again and sorry my idea for another CrapCoin upsets you. I understand your frustration but without being able to mine I feel a sense of urgency to start something - to do something and accumulating devcoin and ixCoin has been slow. I've had large orders (over 120,000 ixCoin) on vircurex for days now and only 5,000 coins were bought and I've moved up the bid 4 different times. That's it - I'm not gonna keep chasing it, someone will take my offer which is way generous compared to last week or I'll just let these orders sit there. And spending money is risky - mining, once you pay off your rig is pretty much risk free so I'd rather merge mine something - anything. Thanks again, Mark. |
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ADHD....Attention Deficit Hyperactivity Disorder is the one you're looking for.
...looks like I'm just going to be excluded from the game after all. Oh well.
Excluded how? Fire up p2pool, bitcoind and geistgeldd, merged mine geistgeld alongside bitcoin. Even with a GPU, the bitcoins will subsidise your electricity, and because geistgeld is incredibly low difficulty, you will rake in geistgeld. Or do i0coin, or coiledcoin, or groupcoin, heck do them all if you have the RAM to run them all. I0Coin and GeistGeld use the most RAM so if you don't have tons of RAM just do bitcoin, coiledcoin and groupcoin. (For the high difficulty ones like namecoin and ixcoin its roulette, if you actually want some of those you might as well use mmpool at bitparking). Only you are excluding yourself. Heck you can CPU mine fairbrix and/or tenebrix, are you even doing that? Seems like you are determined to exclude yourself, unwilling even to pick up these virtual-freebies laying there for the taking... Remember its all limited pies though, if six billion people all divvy up one pie it does nto matter whether they divvy it up with ASIC or FPGA or GPU or CPU, they'll still only get the same fraction of the pie... So the best money might be in picking pies no one else sees value in, until you have a big enough piece of it for it to start looking worthwhile to consider starting to help others see some value in it... (IXCoin is so difficult it will be maybe years yet before i have enough of them for it to seem worth my while to start convincing others they are valuable, since most others already have many more than I do. I0Coin though got dropped by bitparking, so lately I get to pick up more I0Coin than I can get of IXCoin. Basically as a small miner I need coins that not a lot of miners are mining yet, so I can hope to get a nice enough chunk of one someday for promoting it to others to start to look more like increasing the value of my holding than like urging competitors to take more of the pie leaving less for me...) -MarkM- I've been doing the same thing - accumulating devcoin and ixCoin and once I have enough I really want to start telling people about them cause I really do believe they have huge potential for different reasons. It's easy to sell something you believe in. I tried mining fairbrix and tenebrix but I haven't been successful. How much ram is enough ram, Mark, to be able to merge mine more of these coins. If I could merge mine a few coins until my ASICS get here I won't feel like I'm getting left behind in this huge opportunity. That's one driving force to want to launch another CrapCoin. I feel like nothing I do is getting me ahead. I'm paying outright for some coins, earnings some but mining, that's where it's at and I don't have the expertise to do it, at least not for these out of sight coins which offer little support and advice. I can mine coins like litecoin but its not profitable. |
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So mark, you're a programmer so let me ask you 2 questions:
1) If you would launch your own coin, a new coin would it be SHA256 or scrypt and why.
And
2) What special feature do you feel a new coin should have which doesn't really exist right now. Something hopefully useful and new in some way.
Thanks a lot.
You still don't get it, do you? We already launched new coins, well over a year ago. Since we still have not enough hashing power hashing those coins, it is stupid pointless premature wasteful and so on to keep churning out more and more "new" coins. First lets get all the coins we already put out there a year or two ago all up to secure levels of hashing before worrying about adding yet more coins. We are getting ahead of ourselves. We haven't even updated the existing merged mined coins to latest bitcoin code yet. We haven't got even one public pool yet that merged mines all of them. We don't even have software yet that can divvy up all of them to pool miners giving each miner the appropriate amount of each of the coins. We don't even have free open source apps all coins need such as exchanges, payment processors and so on, heck we don't even have thin clients yet for most of them nor even any plugins for browsers that would allow actually-secure webwallets to be built. Spewing out more and more coins each of which still needs all these things we have not yet built isn't helping. Lets build all these things first, and get all the existing merged coins all up to comparable levels of hashing. Its like inability to focus or concentrate syndrome or whatever they call it, long before even those apps that have been built for bitcoin have even been standardised in free open source form so that a second third etc coin can off the shelf open up all those same apps for public use already people are making more coins and more coins. We cannot even keep up to date codewise the few merged coins we already have. Lets prove we can do that before spawning even more coins that will only increase the support/update burden. We cannot keep up with the few coins already existing, we need to catch up on all that backlog of work still needing to be done, not create more and more and more work that will need to be done while we cannot even keep up with all the work already needing to be done. -MarkM- Man, I had no idea these established coins had that many issues or needed that much work. Too bad those coins with a higher value don't pitch in more money for the rest of the alt coins. |
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how do I get on the developer list? Id liketo take more of a developer and or administrator role as I believe in the long term potential of dvc. I write software for a living.
Are your coding skills up to the task of applying the merged-mining patches to a recent copy of bitcoin? Right now that is probably about the most important coding task for all the merged mined coins, not only DeVCoin, as once it is done all of them will be able to update from it. -MarkM- Mark, devcoin is already being merge-mined so which coin are you talking about or is the alt community looking at getting as many alt coins merge mined. That would be awesome if possible. Is it cheaper or easier of a coin is made to merge mine from the get-go? Is it a lot of coding or something like a few hours? Some day it's a big deal while other say its not that hard. Difficult to tell who knows what. |
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Is each share worth 45K DVC or are these partials? I swear I read a share was 180K coins for this round, I searched back but can't see it. Can someone clarify? Are these quarter-shares?
I don't think anyone knows how much each share for round 25 is worth yet. Round 24 was 149,500 give or take a few hundred coins. That was the lowest round so who knows where round 25 is now. It could be 45,000 coins if we had tons of new writers come on board. It would be nice to have an idea how many shares we're looking at for this round. I actually meant round 24, so if i had 40 shares, would I be getting 40x149500? So far i've gotten ~33 payments at 45K each, just wondering how that worked? Correct, the blocks are 50,000 each but the miners keep 5,000 which is why you're seeing 45K. You basically get paid all month long until you're all paid off. It's kinda nice, like a daily paycheck. Does anybody know about how many shares are in round 25 yet? Normally there's a tally done with 1,000 blocks to go but we're past that and I haven't seen anything yet. TIA. |
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Um there is nothing that prevents Scrypt based coins from being merged mined. Then again they are all copy and paste pump and dumps so nobody spent the time and effort to write the code. When merged mining was added to namecoin nobody did it to make a fortune they did it to "save" namecoin.
Thank you, I didn't know that. I just haven't seen any merge mining pools for scrypt like I have for Sha256. Maybe it's due to the much higher demand for Bitcoins. So can they make one coin, a MergeCoin that people can then mine and essentially mine 3 or 30 various coins? Cause as difficulty skyrockets the only way for most people to make money at that point would be via merged mining. Like mark said, you get say a few bitcoins to pay for the elctricity and then make money from the other smaller merged mined coins and once in a while one of those coins, like BBQ coin, will take off and that would be a huge break for those who merge mined. And with the coming bitcoin ETF, I think we'll see a lot of Alt coins take off. Just like namecoin and LTC took off in April for enrmous returns all cause bitcoin ran to $266. Only this time there's gonna be way more coins on the market, way more people speculating on alt coins (including investors) so more coins doing what namecoin and litecoin did. |
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It looks to me like a big part of the confusion or problem is fast-buck syndrome.
It used to be pretty normal for a business to lose money its first few years.
People made fortunes from BBQcoin precisely because there was no profit at all during a year or so of CPU-mining it at really low difficulty; that happened because the fast-buck people were not interested in making a fortune in a year or so, they saw they would be spending pennies now without getting pennies back now so weren't interested. So the people who did spend a year putting in pennies were able to take a huge profit a year down the line.
Right now you can merged mine GRouPcoin, I0Coin, CoiLedCoin, and GeistGeld at low difficulty because there is no well-known and web-based way of cashing them in for pennies each day as you mine them. Just like happened with BBQcoin you are looking at spending pennies for hopefully even several years since the more years you get to rake them in at low difficulty the more you will have of them come the day they come out into the limelight, if they ever do, like BBQcoin did. Small miners can get their small trickle of bitcoins still to pay all or part of their electricity bill, and still get to rake in any or all of these "sleeper" coins all day every day. The more days they get left in peace to do that the better for them in the long run.
Sure some script-kiddie might come get some laughs pretending to "kill" a coin, so what? CoiLedCoin was "killed" how long ago now? For a few days someone took all the blocks, not building on other people's blocks or something like that. The coin was declared "dead", and just like happened with BBQcoin the masses spent a year or more believing it was dead while anyone who chose to do so picked up as many as they wanted for almost nothing.
The fast buck people aren't willing to risk a few pennies to make a bunch of dollars, if they don't get more than a penny today for a penny they spend today they are off chasing whatever they think will give them more than a penny today for a penny they spend on it today. That is why BBQcoin miners made such fortunes, and it might well turn out to be how merged miners of the merged mined coins that most pools are not including in their merged mining mix end up making similar fortunes.
-MarkM-
Thank you mark. This is what I was trying to say. Merged mining is a gold mine becsuee you're still getting your target coin but also a bunch of other coins that can pay off down the line. According to the other guy on here you can also merge mine scrypt coins and I didn't know that so that's a big plus. So mark, you're a programmer so let me ask you 2 questions: 1) If you would launch your own coin, a new coin would it be SHA256 or scrypt and why. And 2) What special feature do you feel a new coin should have which doesn't really exist right now. Something hopefully useful and new in some way. Thanks a lot. |
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I voted Justin Bieber, because its just true .
{although that whole MJ thing she's doing is getting a little creepy}
Ahahahaaaaa. That's totally off-topic. Wait, it's not. Lol. |
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Is each share worth 45K DVC or are these partials? I swear I read a share was 180K coins for this round, I searched back but can't see it. Can someone clarify? Are these quarter-shares?
I don't think anyone knows how much each share for round 25 is worth yet. Round 24 was 149,500 give or take a few hundred coins. That was the lowest round so who knows where round 25 is now. It could be 45,000 coins if we had tons of new writers come on board. It would be nice to have an idea how many shares we're looking at for this round. |
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NU mai conteaza , BTC a inceput sa creasca, sper sa fi avut dreptate. 1000$ = 1BTC visez.
In scurt timp nu se stie, cred ca o sa fie pretul foarte volatil. Ai pana se anunta ca au luat licensa nu are cum sa mearga prea sus. Si sa stiti ca toti, absolut toti pe wallstreet si la TV, toti profesionalii cred ca Bitcoin nu are nici o Sansa sa ea licensa de ETF. Este numai opinia me-a si sunt foarte singur la asta. Dar nu sunt visátor, bazez ce cred pe educatie, experienta cu actiuni si lucrand la banci Americane mari, si Mai ales pe opinia sau teoriile mele de politica stiind foarte bine in ce directie vor sa mearga guvernele din west. Ei vor total control ai o singura moneda si china impinge Pentru o singura moneda sin Ani 70's. ei sunt disperati Pentru una ca ar avea un advantaj mare la trade exports cu tot globul. Euro este terminat si cred ca o sa pice prima, pe urma probabil yen si pe urma dolarul. Cu china la bord nu poate nimeni resista planul cu poate o exceptie (Russia) si ei numai Pentru termen scurt. Totul este gata Pentru bani digitali au install network de NFC peste tot ultimii ani. Si exista ceva dovada, acuma cateva luni china a lansat un film in Tara lor pe CCTV (canalul communist) cu un show de .5 hour spunand la tot poporul sa mineze si sa acumuleze bitcoin. Acuma de ce ar face o Tara communista Asa ceva cu un ban fals si din alta Tara, defapt o moneda Americana? Nu face sense Pentru ca it will undermine their own currency. Ei au omorat aceiasi idee in 2006 cu un bitcoin chinez de numele QQ. Ce sa schimbat acuma de ce acuma este ok si Mai ales cu o moneda straina? Eu cred ca chinezi stiu sau banuiesc ce se intampla si ei vor ca poporul lor sa castige de la ce o sa urmeaza cu bitcoin. Si la fel cum gipuvernul lor au impins bitcoin guvernul American si Europen o sa faca la fel si totul incepe cu bitcoin ETF. Differenta este ca America are media super puternica si cand incep ei circul o sa inceapa millioane de Americani sa cumpere bitcoin ETF si bitcoin Coins si normal ca multi o sa cause si alte alt coins Pentru investitie. De aia bitcoin nu o sa mearga sus singur, cumparati sau minati ce puteti (alte alt coins) si asteptati sa vedeti ce se intampla dupa ce se face ETF. Daca o sa se dea licensa o sa stiti ca ceva nu este in regula ca sub nici o forma Guvernul American nu ar trebuii sa le-o dea. Good luck! |
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Nu, nu am spus-o la baza.
Am vorbit serios.
Merci mult. Tot as vrea sa stiu ce inseamna prima strofa. Multà baftà, Romàne. |
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Yeah but since the reward is flat across the board, by setting up 2 computers or splitting your network in 10 so it looks like 10 computers they'd get 10 10% rewards or basically double their mining output.
It would only equal out if everyone did this but they won't so this is more ripe for abuse and difficult to pay out fairly than the democratic board of directors idea I had.
Not sure of this idea can be implemented without causing corruption, confusion and angry miners that didn't get paid. Who would handle so many complaints cause for 1% of nearly nothing there's no way I could do all that and still help develop the coin.
Are we still with nuggets?
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I see your point. There's also the problem of months not being equal, so it would have to be fixed at every 30 days rather than a month.
With that said you have a point, unless there's some kind of registration for each miner, where they effectively submit ledgers which are verified against the block chain...then if its verified the blockchain pays out. Of course the mining application could probably record its own information and then submit it so a registration itself isn't exactly needed more the acknowledgment of a miner existing.
Yeah, a ledger is complicated. But at random times, every say 2 hours, BAM, you're mining then you're connected and here's your 10%. But then there's had to be a function which determines the % cut cause the number will change constantly and I don't know if that can be coded, to recognize the number of miners and then do the math. I need to talk to a real programmer soon. Good night, bro. Thanks for all your help. |
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I'm gonna get to bed. Hopefully tomorrow these programmer guys will get back to me.
Goodnight.
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Perhaps most people are. I'm not, I simply just want to be able to take part, nothing more nothing less. It's of my opinion that mining should be for everyone not just the few with high spec computers.
I agree, i'm part of the small miner group. That's why I wanna do a miner's coin. I got so frustrated with my first mining rig which cost $1,700 which barely mined enough to pay the electricity (LTC POOL mining) that I took it back to Fry's and lost $300 on the deal. I wanna help change that experience. I want mining to be a bit more fun And rewarding and not such a flatline experience and I really think this VGB Protocol will help and this 10% distribution will be the icing in the cake. I can't wait! |
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I agree monthly is better but when it comes to coding this thing that complicates things. Like how does the block chain keep track of everyone and what about people who mined 3 weeks and some 2 weeks and some are not online when the payout goes out. At which point do you eliminate people?
That's why I was thinking like hourly or every 120 minute cause then the coding is easy, basically anyone connected to the node gets a fixed amount of the 10%. And if you set it at random times during that 2 hour timeframe then nobody knows when it's coming so they'll stay mining the whole time.
If the monthly reward can be programmed pretty easily then I would like that better cause its a mover bigger payout.
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