Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours. P2Pool has an advantage due to block broadcasting between nodes. I have set up an EU node. It's hosted on a fast SSD server in the Netherlands, 0% fee. Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools. http://p2pool-eu.kimocoin.com |
|
|
|
|
Cool, thanks. I think we'll recover quickly.
|
|
|
|
THIS POOL (enc.apool.pl) IS NOW DELISTED! THEY ARE STILL ON THE WRONG FORK!
Um, no. It's still listed on the OP as the official pool. Sucks for all those miners. That'll teach you not to nod a random pool as "official". Generally official means that it's operated by the dev. I'm enjoying the lower diff though. A question about the update. The op stats that "This versions adds DigiShield and fixes Kimoto Gravity Well vulnerability." I thought that DigiShield was an alternative to KGW, so how can we have both? |
|
|
|
the most important among them is the algorithm change
What algorithm change? |
|
|
|
3 days without a block...
Even knocking the doorstep of 1PH (back down to 609Th as of this post)and passing 1% of the network, we're still stuck in this dry spell.
Did someone forget to stick a Satoshi in Lady Luck's garter belt again?
All these small donation payments are nice and all, but it's long past time for another block. C'mon, Lady Luck, it's time to make it rain.
Makes me wonder if we're being block withheld same as the situation with Eligius. Does anyone know if this is possible given P2Pools structure? J It's pretty normal for p2pool to have dry spells, we have such a low percentage of the network hash. I can't see why someone would bother to attack p2pool. It's certainly possible for any pool to be attacked, it's at the core nature of pooled mining. |
|
|
|
|
Vertcoin has three p2pools for different sized miners.
|
|
|
|
Finally, there's the issue of variance. Your average miner simply doesn't want to accept that he might go days without finding a share. He sees his miners plugged in. He sees them hashing. Why isn't he earning? On this point, I'm not sure what can be done to solve it. Dynamically adjust the share time along with the difficulty? Adjust the weighting of found shares based upon calculated miner hash rate? I believe that the issue of variance is p2pool's fatal flaw. Let's assume that EVERY miner everywhere suddenly had an epiphany and decided to join p2pool. Yay! We suddenly have 100PH/s! Uh-oh.... share difficulty has shot up to a billion...
If p2pool had 100 PH/s, we would see proxy pools popping up. P2Pool could serve as a backend network between pool operators and small miners could mine on a wide variety of small pools like back in the old day. Once competition started heating up, proxy pool operators could offer merged mining with a setup similar to Eligius. It would be nice if we could merge mine on a separate share chain though. |
|
|
|
Pool rate: 1.09PH/s
was ~470TH/s last time I checked (6 hours ago). ppl started switching?
People are using p2pool as a backup pool. Ghash stratum has been inaccessible to my miners all morning. edit: Ghash back online, and as soon as it is my node loses 10 TH. P2Pool is definitely being used as backup. |
|
|
|
|
Seems like mining hardware manufacturers would benefit. They could test their hardware and get paid for it without increasing the difficulty and driving down the price of the hardware.
|
|
|
|
Yeah, Comkort is down. There's a note on their twitter feed that they're working on it. In other news the official kimocoin website is now online  http://www.kimocoin.com/A big thank you to birdonwheels5, our official web designer and a member of our core development team.  Comments and suggestions are appreciated. This is our community site, so if anyone wants to make edits or contributions just PM them to me. |
|
|
|
Thank you to all who are doing the donations to p2p miners. While it is not lots of money, it is an incentive and all of my mining power will be on p2p pool by next week.
I wrote a p2pool donate tool and it's been getting donations. I announced it here https://bitcointalk.org/index.php?topic=646427.0 and on reddit: http://www.reddit.com/r/Bitcoin/comments/27rgvk/p2pool_donation_tool_now_available_to_help/So far 0.782 has been donated through the tool, which if keeps up over time, is like p2pool paying out 1.4% more than any other pool: http://blisterpool.com/p2pdonateEveryone can keep the donation rate high by encouraging all the bitcoin businesses they know to join the 1% decentralized club (makeshift banner on that reddit thread). If they donate 1% of their weekly profits (or whatever is reasonable), p2pool will be the most attractive decentralized mining pool by far. I wrote the tool due to a request from a business operator who wanted to do just that. Wow, this is awesome! Been noticing a bunch of small payments, took a while to figure out where they were coming from. This is really encouraging. I'll be moving more of my miners over from ghash to p2pool. I've been operating a 0% fee node for months. It runs on a fast private server in Chicago, IL, USA. Anyone is welcome to join us, especially people in the midwest. http://p2pool.1js.us |
|
|
|
difficulty up to 0.10413952 13 faucet users in 24 hours active trading on Comkort 11 LTC in buy orders Four days until the first negative adjustment to the block reward Mining is profitable. At the current reward, diff, and price one could rent a rig on leaserig or betarigs and sell the coins for a profit.  |
|
|
|
|
Altcoin success is as much advertising as it is code. A leader must also be a politician, please try to speak like one. I know it's tough dealing with the uneducated general public, but it's just how they communicate. I really like this coin, I appreciate your hard work and I want the community to grow.
|
|
|
|
Well I'm working on the website, and it's about time to start filling in content. But I need a little help from you guys.
Here's some questions that need to be addressed:
What is our purpose for this coin?
What is the motive and goal?
Why should someone invest in our coin, and what sets us apart from other coins?
Should we be transparent about the block reward schedule, or will the huge number of coins in circulation scare people away?
That's all I have for now, but I'm sure there's more. I'll make another post if I come up with any. If anyone else thinks of anything or answers, please let us know!
What is our purpose for this coin? What is the motive and goal?This coin was started by an Italian university student as a fun project to help educate and get people involved in crypto-currency. Now that the project has been taken over by the community it has become an enjoyable project for a small community of miners and traders. Currently the purpose of the coin is to provide entertainment for those who engage with it. It is our goal to grow the community and adopt new purposes and to find use in trade. Due to the small dedicated community KimoCoin offers a unique opportunity to study Micro-CryptoEconomics. Furthermore it offers investment potential to those who engage with KimoCoin and help to grow the community. Why should someone invest in our coin, and what sets us apart from other coins?KimoCoin has a colorful history. It has a unique block reward schedule that builds up to maximum payout over the course of several months and decreases at a similar speed over several more months. The distribution is an upside down V rather than the typical exponential decline exhibited by most coins. Early adopters still have an advantage, but early adopter is redefined as people who join the community within the first few months rather than the first few weeks. This has made the coin more fun to engage with as it is not a typical pump-and-dump altcoin designed to make the developers rich, rather it is a community experiment. You should invest in our coin if you see growth potential and given the small size of our community all newcomers can make a difference and help to guide the future of our project. Given the low price and ease of mining, there's very limited risk. Currently the market cap is only around $1000, so even the smallest miners and traders can get a decent chunk of the distribution. Should we be transparent about the block reward schedule, or will the huge number of coins in circulation scare people away?Absolutely! The block reward schedule should be displayed on the website, next to all the coin specs. It's one of the unique features of our coin that makes it special and different. We're here to have fun and to grow the coin and try to build value for our stakeholders. An open community project needs transparency to thrive. To do otherwise wouldn't be fun. |
|
|
|
|
hope you're right, but market depth shows a lot of downward pressure
|
|
|
|
The front-page is mostly inactive pools. Are there any active?
I would recommend mining on kmc.1js.us. 0% fees. Great time to start mining, block reward is at maximum. You should also consider solo mining, even with a low hash rate you'll get blocks. |
|
|
|
nice! That's why I love VTC, best team in crypto. |
|
|
|
|
What happened to the stealth send feature? Is it on hold?
|
|
|
|
Great start, thanks for your contribution. Things are looking up--increasing hashrate, minutes away from block 100,000, and active development. |
|
|
|
|
Show Posts
