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1401  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [QCN] OTC exchange and trading thread for QuazarCoin on: May 22, 2014, 05:32:31 AM
QCN now up on poloniex.com.  Has been for six hours.  Currently trading at 0.0007 to 0.0013 BTC.

1402  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BCN] Bytecoin (CPU-mining, true anonymity) on: May 22, 2014, 03:55:56 AM
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Notice the question mark at the end. Well-worn tabloid technique, and obvious attempt to pump this coin on its new exchange.

I asked the same question yesterday.  This forum seems like the obvious place to ask (for people like me who aren't smart enough to analyze a blockchain.)


But you read it somewhere, right? I'm just asking for a link to the reference.

No reference, sorry - some guy in the polo trollbox said the premine was destroyed.  I was looking for verification.
1403  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 22, 2014, 02:11:06 AM
Finally got my fx-8320 and am getting around 200H/s. Way better than the 40 I was getting with my phenom x4 840. Hopefully it helps me pay off the new processor now haha!

Please educate me.  What is the power consumption of this 200H/s rig?

Thanks.

1404  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 21, 2014, 08:29:02 PM
I suggest conducting a poll regarding block times.  
Any hard fork is effectively a poll of miners anyway

That's a terribly expensive way to poll.  Better to conserve resources by pre-testing the idea.  If a hard fork fails, it doesn't just waste precious development time, it does serious damage to credibility and community.  BTC could survive that, before it had competition, and might survive it now, while it has dominance, but MRO is still very green and needs gentle shepherding, with a calm hand, or the pirhana will tear it apart.  I hate to see any blood in the water at this point.  Enough was shed in the past month already.

One fundamental problem with handing veto to the miners is that miners are generally (1) very poor at estimating value impact of a change and (2) very very short-term in their return profiles.
Oh, and another may be if the miners consist primarily of criminals operating botnets.  The opposite of meritocracy, there.
 



If QCN gets on polo or cryptonote.ex, the miner poll is underway. 
1405  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 21, 2014, 04:29:48 PM
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I like all the trading to be in one place.

I like spreading my coin around to reduce my exposure to being goxxed.
1406  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BCN] Bytecoin (CPU-mining, true anonymity) on: May 21, 2014, 03:58:11 PM
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32% of all bitcoins are concentrated in 500 wallets ( proof). In fact 32% of BTC are owned by much less than 500 people. Situations are similar, but nobody cares and nobody cries: "OMG, it's so unfair! 32% of emission! they can affect BTC price!".

BTC - 32% of 57% total emission in 500 hands.  That's 500 competitors controlling 18% of the total emission.

BCN - 80% of 100% total emission in 3 hands?  4 hands?  5 hands?  That's 5 collaborators controlling 80% of the total emission.

Guess I'm not smart enough to see the similarities.





1407  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BCN] Bytecoin (CPU-mining, true anonymity) on: May 21, 2014, 03:51:42 PM
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Notice the question mark at the end. Well-worn tabloid technique, and obvious attempt to pump this coin on its new exchange.

I asked the same question yesterday.  This forum seems like the obvious place to ask (for people like me who aren't smart enough to analyze a blockchain.)



1408  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 21, 2014, 12:50:33 AM
Anyone care to visualize a turd being polished?

https://www.youtube.com/watch?v=sYJwen53cII
1409  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BCN] Bytecoin (CPU-mining, true anonymity) on: May 20, 2014, 11:54:53 PM
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uhhh because its still very profitable to mine......

Are you a BCN dev?

1410  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 11:52:11 PM
fonzie is back!!! 

The genesis block of the ignorechain has been double spent as a hard-coded checkpoint!

The only explanation for this is the recent price breakout.

[ANN]  Anyone quoting Fonzie will go into the ignorechain with zero confirmations.

1411  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 20, 2014, 11:44:21 PM
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polish a turd


There are few things funnier than a non-entity calling names on the event of the century.

When 2101 rolls around, here are the stories from the previous 100 years  that may eclipse bitcoin:

proof of extraterrestiral life
a female president
a black president
a nuclear war
an human ectogestation
quantum computing
matter from energy
10,000 deaths from an accident at a nuclear generating station
the emergence of China, Cuba, and North Korea from communist gangsterism


Some nobody dumbass saying "polish a turd" about bitcoin will not be one of those stories.  It will be a forgotten laughable post on a forgotten forum populated by self-important dumbasses who say things like "polish a turd".




1412  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: CryptoNote.exchange.to not moving - is it me? on: May 20, 2014, 06:00:52 PM
Moving now, after 74-minute trading gap.  Richard Nixon must be running the exhange.
1413  Alternate cryptocurrencies / Marketplace (Altcoins) / CryptoNote.exchange.to not moving - is it me? on: May 20, 2014, 05:52:34 PM
CryptoNote.exchange.to shows no trades for last hour+.  Is anyone else seeing this?

1414  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BCN] Bytecoin (CPU-mining, true anonymity) on: May 20, 2014, 05:26:59 PM
Somebody on Polo trollbox says the 80% premined BCN were destroyed.  Verify anyone?

1415  Bitcoin / Bitcoin Discussion / Re: Bitcoin Consuming Too Much Energy? on: May 20, 2014, 12:44:16 PM
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The output of a wind turbine depends on the turbine's size and the wind's speed. Utility-scale wind turbines being manufactured now for the U.S. market have power ratings that range from 1.5 megawatts to 3.0 megawatts.

With ~20% capacity factor, so annual energy out (in kWh) equals power rating (in watts) x 8.760 x ~0.2.

1416  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 20, 2014, 02:56:18 AM
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I agree with you guys..MRO is a gread coin

How do you say "double entendre" in Esperanto?

1417  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 07:38:05 PM
Fonzie returns as a pedestrian.
1418  Bitcoin / Bitcoin Discussion / Re: Calling all Bitcoiners: SPEAK OUT against CIRCLE! on: May 18, 2014, 04:59:18 AM
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You guys just dont get it.  The masses dont even know what private keys are and dont want to know.  They want to use bitcoins just like there online fiat bank account.  They WANT to trust a third party cause they dont want to have to deal with keeping there own coins secure.  Speaking out against these new services is saying you want bitcoin to stay in the secluded techy world.  Just my 2 cents.

Your 2 cents was worth quite a bit more before Gox played by the rules you describe - much to the detriment of a lot of people, techy and non-techy.

1419  Bitcoin / Bitcoin Discussion / Re: Bitcoin Consuming Too Much Energy? on: May 16, 2014, 12:53:22 PM
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this is alot more than I thought.....considering, each human could only use about 1 part in 7000 million of the total available energy deposited on earth each second.

The total bitcoin network using as much energy as 70 humans is a lot more than you thought?  

If that's too much energy, than you need to grab the next 71 humans you see and tell them all to take it easy - they're consuming more energy than the entire bitcoin network!!!

Another estimate of bitcoin network portion of global electricity consumption goes like this:

5TW * 8760 * .47 = 20 trillion kWh annually, where 5TW is an estimate for total global electric generation installed, and 0.47 is a usage factor used by utilities applied to typical residential usage. 

The bitcoin mining network uses 70PH/s at 1W/GH/s = 70MW, and it uses that electricty 8760 hours annually, which results in 600 million kWh annually.

600 million / 20 trillion is 30 parts in a million, or 1 part in 30,000.

So you'd really have to find 250,000 people (say, atttending an appearance by the Pope) and tell them all, "Hey, slow down!   You're using more energy than the entire bitcoin network!!!"





1420  Bitcoin / Bitcoin Discussion / Re: Bitcoin Consuming Too Much Energy? on: May 16, 2014, 03:03:37 AM
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4 - fossil fuels aren't the only option to make energy, there are hydroeletric and nuclear energy too.

?
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