We really need more hashing power at http://xco.lotterymining.com !  Please come join us!  It's fun, every week there is a lottery drawing, and for the first month, CHAOSiTEC has thrown in 100 Xcoins to get the pool going!  Also, the first 20 to sign up get 10 XCOIN, and I think there are still slots open!!!

Wonder if other pools are having this problem.... ?

Yaay, you fixed it!  LOL thanks

Something seems weird.  I think we've been on block 5472 for a while now?  Maybe I should stop looking, LOL.  It's probably just lag of info or something.  I should be in bed, keep coming back, LOL.

Now 5402??  Am I seeing things? 

5465, LOL, I swear these numbers are coming up as current block!

Wow, the block numbers are all over the map.  0 then 3924 then back to 5465.  I can't help but wonder if we are getting "corrections" from other people logging back on with their old wallets?

Ugh, now my workers aren't doing anything.  They connect on my terminal, detect a new block, but are not connected on the website and aren't hashing anything, grrrr!  I wish I knew what causes this!  I'm sure it's me because I've had it happen in other pools.  They go up to 168 k/h when running well.  Any thoughts would be appreciated.  Thanks!

Urg, now they're hashing but remain inactive on the site.  Well, that's hopefully OK, I'm going to bed, LOL.  Good night all!

No worries, it's only been a few hours.  Thanks for waking up and doing it so soon.  It means I can be lazy and stay where I am ;P

::hugs:: and hope you can go back to sleep again soon??!!!  TS

Yet another question, LOL 

over at xco.lotterymining.com, we've been stuck at block 5465.  Does that mean we're not hashing, or just that his site hasn't been updated and can't deal with the information it's receiving?  Would a pool owner use the Xcoin wallet or cpuminer?  Maybe I should go solo for a bit??

Ahhh, I'm learning so much!  Things I didn't wholly understand before comes to lite!!!  AT this early juncture, with so few users, it is not hard to make adjustments to the block chain because, though you still need to get everyone to update the wallet (or at least 51% of the users), it's much easier to get a consensus to do so.  Later it may be impossible.  Hence the 51% attack.  If someone could get control of 51% of the hacking power, they could insert a fake block chain, and it would be recognized as the correct block chain because more systems accept it than don't.

Of course this isn't changing the block chain, it's merely changing the algorithm.

Now I'm guessing that the plans for encrypting the transactions another level at some time in the future is not going to have any effect on the block chain, and therefore will work as any other updates developers add to a coin.  Right?

This is all very interesting and I don't mean to imply it's not all on the up and up, 'cause I agree it's a good idea to make the coin more attractive to mine especially now a days with all the competition out there.

So now my question is, do I need to update my wallet even so I'm in a pool to receive the proper rewards or accept payment in the future?  

I thought that once a coin was launched, it was set.  Is this not so?  I was wondering about this also with the future encryption update planned; where transactions would be further obfuscated to hide identities.  What keeps the coin from being manipulated in the future?  I'm sure this is normal, but am compelled to ask how that works   Thanks to anyone who can explain this.  Also, I think it would be good for the coin if this were explained here

Thank you SO MUCH!!!  I've now got a second worker working

I'm sorry this is so late to post, but I got some kind of "too soon to post again" notice, and left it here until "later" which turned out to be many hours, LOL.  My gratitude is still as strong though!  Thank you again!

Thanks, that makes me feel better   Sometimes I get 112 kh/s then I disappear again.  Is this normal?  I just have a dual core processor... AMD phenom II X2 565 3.40 Ghz

Do my results sound correct for that processor?  Thanks so much for your help 

Also, I'm trying to compile ig0tik3d's latest version on Ubuntu and it seems I'm missing a install.sh and don't know where to find it.  Can anyone help, it's not in the package ??

Thanks

On every pool I've tried, my worker keeps going off line?  However, my miner keeps giving me lines such as:

[2014-01-21 19:31:29] thread 2: 460462 hashes 9.79 khashe/s
or
stratum detected new block

So I am pretty sure I'm connected, but my workers keep going on strike.  Please, does anyone have any idea why?

Well, that's fun, I joined up!  But now, if I had to stop for a few minutes to reset or something, does that break up my being active for a week?  Or do we get a little leeway as I'd like to upgrade to the new miner, but it's not working for me yet?  Thanks, this sounds fun

Ok, instead of a boring "how d' ya do" post, Ill try to answer this question... er... in a non-technical manner.  As you've probably read, bitcoin, and all he other *coins are a decentralized monetary system.  The idea here is that no central organization has any control over it, and hopefully never will.  The wallets everyone downloads are not only a user interface for people to pay or get paid, but also contain a record of every transaction that ever transpired.  

These transactions "are" the coin.  There is no physical representation of the coins (I'm sure you understand that already) but at the same time, there are no individual "coins"  What you have is a transaction that says it's worth so many 'coins'.  When you spend some of your coins, you end up with something like (as I understand it) two new transactions, one that stays with you (your left over, unspent coins's new value) and the other is sent off to the payee.

Now, all these transactions must be verified.  We don't want these coins to be spent more than once, so somewhere we need computer power to verify these transactions.  But whom do we trust to do this?  

Well, the brilliance of this system is that we trust nobody, yet when everybody agrees that a transaction is valid, then we can be sure it is.  Basically, the system is built on mutual distrust.  This is where you might here of the 51% issue.  

This is where we need to talk about pools.  When you pool with others your mining power, you use the pool's wallet, and the pool operator pays you a percentage of any income based on your input.  So you can see that if a pool becomes so popular, it could possibly take over more than 50% of the hashing going on (hashing is what they call processing transactions).  If that happens, it can become profitable to manipulate the system in order to cheat.  Currently, with most coins such as bitcoin, it is self regulating.  That is, people will move to another pool, if their pool gets too big.  they do this because most people will lose if somebody takes over the system, causing the coin's integrity to be broken.  If that should happen, the trust in the coin would break and it could become worthless to all.

So, somewhere in that mess, the program running the coin is also producing "transactions" that are not functioning for anything more than to put money into the system.  This is called "releasing a block"  miners hash these along with the practical transactions happening between people.  When these "blocks" are solved, coin is awarded the person that solved it first.  It might be an individual, who gets the entire prize or, more likely, a pool.  This is a matter of chance and speed.  The coins that are awarded, here put coins into the system.  The reasons for this are:

1.  It encourages people to "mine" which gives the system the computer power it needs to run and exist.

2.  This is the way the first coins and indeed still is the main way that coins are produced.

3.  Without new coins, there would be too much pressure on the system.  Nobody would trade in coins if they were so hard to attain, and this is one of the problems with bitcoin.  The coin creation is not great enough for the demand, pressuring the price to go up so high.  This creates the difficulty of understanding how much a small % of a bitcoin is worth when you want to go to the store and buy a $25 item but pay in bitcoin.  You can trust the store that the conversion is correct, or you have to calculate yourself, etc... making it frankly difficult for the average Joe.  

4. finally, with so many computers lending their processing power all over the world, even a nuclear holocaust couldn't kill the coin as long as one person still has the wallet on their system!  Can you say that for a country?

 _________________________________________________________

I"m a newbie here, so I can't respond yet.  However I can add to my previous post (I think, LOL)

Now, I'm not a coder, I've just been messing around a short time, but I'm pretty sure that when you start a transaction, it gets sent out to all the wallets, not as a block-chain addition, but rather to be hashed by any mining wallets.  Once the transaction has been hashed and confirmed by the required number of miners, it is then sent out to be added to the block chain.  I think the block chain is involved in encrypting / decrypting each transaction (hashing) as well as being a historical record of all transactions (including coin generation) 

An unconfirmed transaction is one that hasn't been verified X number of times required by the coin.  The money can't be spent by the receiver until it has been confirmed.

In the future (now? with bitcoin?) it will take such a long time to get your transactions verified that you'll be compelled to pay a fee for faster service, I think that's in the code, but people don't pay fees yet because it's not too much of a problem yet.  Those fees will eventually go into the pool to pay miners for mining