 Nick, just pay everyone back. |
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Jasinlee and LaSeek apparently already have working prototypes, so you're a little late to the game. But yes, the community interest is huge.
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Trying to stay out of here because I have lots of work to do, but I want to make a note on power consumption
I get 1.8 MHs on a 3x 7950 rig at 625 wh (Gold 850w PSU) and 2.1 MH/s on a 7970 rig at 900 wh (Silver 1 kW PSU)
So again I can only really recommend 7950s. I don't know why the 7970 power draw is so much higher, but it is.
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You seem to be alternating between simplifying and complicating different aspects of your design that is based on other coins. The simplification process is a step in the right direction, but I was wondering if making certain things more complex for the sake of security might cause too many unforeseen challenges early on. Have you considered staggering the implementation of certain features and security protocols as your coin progresses in usage?
I have... it depends on how big a dev team I can assemble, what the size of my donations are, and what kinds of problems we encounter when actually implementing it. Originally I didn't have the intention of forging a new PoS system (I just had the polymorphic hash tree idea in mind for a while), but if there is added security included by using one I would definitely prefer to have it included. In about two weeks I will also open a dev channel in freenode, and people interested can hop in and begin discussing the chain and its shortcomings, solutions to these, and so on. |
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LTC has been more profitable for the last 14 months except for about 2 weeks cumulatively where it dipped into the 90 percents.
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how does math
but still scary.
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chriswen brought up a problem too with whitepaper as written; I neglected to specify that network time for difficulty adjustment and reward adjustment is based solely on the PoW block height. I will be sure to add this in in the next draft.
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There is never a point when there is no block reward left for both PoW and PoS (Ppcoin gives continuous yield of 1% for PoS forever). When MC2 hit 1% yearly inflation, it locks in and switches to a voting system that lets users increase or decrease block reward inflation by plus or minux 1% max.
The fees system is different too -- PoW miners obtain fees while PoS miners destroy fees. So, PoW miners always have the advantage, but PoS miners can antagonize PoW miners and deflate the coin supply via fee destruction.
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I want to thank everyone for the generous donations they have made to the guiminer-scrypt project.
I will be posting version 0.04 soon which will have a bunch of minor fixes for bugs.
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2013-04-08 18:28:27: Running command: C:\Users\4\Desktop\LTC\cgminer\cgminer.exe --scrypt -u mteachx.6850_1 -p 6850 -o http://litecoinpool.org:9332 --gpu-platform 0 -d 0 -w 256 -v 1 -I 13 -g 1 -l 1 -T --thread-concurrency 6144
2013-04-08 18:28:27: Listener for "Default" started
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:27] Started cgminer 2.11.3
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:29] Probing for an alive pool
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:30] Switching pool 0 http://litecoinpool.org:9332 to stratum+tcp://nl.litecoinpool.org:3333
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:31] Error -5: Enqueueing kernel onto command queue. (clEnqueueNDRangeKernel)
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:31] GPU 0 failure, disabling!
2013-04-08 18:28:33: Listener for "Default": [2013-04-08 18:28:31] Thread 0 being disabled
2013-04-08 18:28:33: Listener for "Default": (1s):0.000 (avg):0.000h/s | Q:1 A:0 R:0 HW:0 E:0% U:0.0/m
2013-04-08 18:28:35: Listener for "Default": (1s):0.000 (avg):0.000h/s | Q:1 A:0 R:0 HW:0 E:0% U:0.0/m
2013-04-08 18:28:37: Listener for "Default": (1s):0.000 (avg):0.000h/s | Q:1 A:0 R:0 HW:0 E:0% U:0.0/m
2013-04-08 18:28:39: Listener for "Default": (1s):0.000 (avg):0.000h/s | Q:1 A:0 R:0 HW:0 E:0% U:0.0/m
2013-04-08 18:28:41: Listener for "Default": (1s):0.000 (avg):0.000h/s | Q:1 A:0 R:0 HW:0 E:0% U:0.0/m
2013-04-08 18:28:43: Listener for "Default" shutting down but 5770 is working OK in this PC What i should to do? I have similar machines, some working, some don't. W7 x86 12.8 Catalyst That sounds like a driver related issue, I'm not sure what the problem is. |
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They just sent it. Thank you for the help
Good to hear. |
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If BTC-e is saying on their website the transaction went to your address, but it went to another address, something is seriously wrong and BTC-e is probably hacked (again).
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My problem with a heavy POS dependency from the start is the bootstrapping. How should this coin be evenly distributed ever? Therefore I hope Bitcoin slowly adapts POS at some point years from now to stop the sin of wasting tons of uranium on securing what could be secured with tons of Bitcoins as well.
I'd say it's not just the bootstrapping either. A large part of Bitcoin's appeal seems to be based on its egalitarian claims. One of those claims is that the "proof of work" scheme (and FOSS) allows anyone to issue some of the reserve coins as long as they fight for it, and in this case a fair fight is supposed to be an equal fight. Whereas "Proof of stake" changes all that by protecting wealthy stake-holders and handicapping those with a smaller stake, which sounds like the end result could be a monopoly. Despite many people's objections and arguments that it should be decentralised, this seems like an interesting proposition. If this cash system is just one out of many competing types of cash in an ecosystem awash with 10s or 100s of crypto-currencies, and there's a good environment for creating new competitors (FOSS, reasonable freedom of information, dissidents don't get jailed...) then I see no problem with PoS coins having central controllers. It's curious to observe the circularity in the way Bitcoin is evolving. Decentralised --> Centralised --> Decentralised --> Centralised... This is why I made MC2 with favour being passed to the PoW blocks -- I didn't want the PoS system eventually overpowering the PoW system because a system which gives interest simply upon holding coins tends to make the rich much richer and increases income inequality in the long run, which is an undesirable property of current global financial institutions. |
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How much shipping to Canada for a few HDDs?
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Total 9,075,301 kH/s  |
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Was the pool ever updated with lower fees? Still mining here but may eventually move to coinotron for lower RBPPS.
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Awesome guide, really appreciate the info and tips you have here and other posts.
One question... Has anyone seen the PCI extension cables anywhere other than from sellers in China? I am thinking of building one or two of these rigs but not sure I want to wait 15-28 days shipping... Quick search on Amazon and a few other places not showing anything similar price or faster shipping to the US.
http://www.microsatacables.com/adapters-converters/pci-pci-e-riser/ is US based, but they keep running out of risers |
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why do you need 8 gb of ram? cgminer barely uses 50 MB when mining (scrypt) on 2 cards.
When you set thread concurrencies to >8192 it uses tons of ram (usually about 1.5 GB per 7950) unless that has been fixed in 2.11.4 |
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A GPU miner will probably be out sooner than later after implementation and release of this (scrypt parameters are tuned for GPU optimization over CPU optimization).
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