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Seems that there is good thing coming on this project, Again, I will redirect half of my miners to mine DBIX again.. I hope the Dev Team will do their job now to establish again the trust and the enthusiasm of the community with Arabianchain!
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I just saw this statement on the telegram conversation and it will help us to understand the "cn7 bug" this is very interesting information and it could help us out to get some knowledge on what happening on the network hashrate of XCASH
For people who still think there is a 'cn7 bug' and are not convinced the high hashrate network is from nicehash, read up the following:
There is some interesting discussion about the network hashrate here, and I will try to answer it. First of all, we have mentioned the potential Nicehash issue in the whitepaper, and this is something we are well aware of. I have been myself a long time miner, which led me to start a mining firm in September 2017. Let me tell you that the difficulty adjustment lag does not solve the issue at all. This is already something we thought of, and the conclusion was that it was useless. Let's assume tomorrow we switch from 720 blocks to 360. Fantastic the nicehashers will get 'adjusted 2x faster, but so will be the adjustment on the 'downside'. So overall, this would only change the frequency of the nicehashing cycles, today with a period of ~36h tomorrow 2x less, etc.
So why did we allow Nicehash in the first place? As mentioned in the WP, this is to increase the liquidity of the hashing rate of the network. In theory, Nicehash is a brilliant invention because thanks to people arbitraging the market vs. mining price we can ramp up the network hashrate in a matter of seconds as the market price increase. Without it, it would take weeks for miners to buy and mount new rigs, or hours to find new miners in the network to plug their rigs.
The problem, now that the coin is starting to be considered as a serious player in the game, is that we are seeing more serious nicehashers coming in as well. I see 3 possibilities to
solve this issue in the midterm:
1. Asking the nicehashers to be nice and stop doing it. This can also be done by raising the threat that we will switch to a Nicehash resistant algo if they do not stop. I do not believe this solution could work.
2. We fork to a nicehash resistant algo, which could also make the network hashrate dump and generate a discrepancy between market and mining price, translating into a significant incentive for the miners to dump their proceed which would eventually lead to a decrease in the price.
3. We wait/hope to reach a network hashrate that will mitigate the impact of the nicehash pumps. My point is that today we don't witness hashrate pumps on Monero's network and the reason for that is the nicehash liquidity itself. There are more or less 50-100MH available at a decent price on Nicehash, so if tomorrow, one would try to use it to pump, the 'arbitrage' on the difficulty would only be ~20% (100/500MH). For XCASH, the potential arbitrage is as of today in the 1000% area (100/10MH). If we can get to 100MH of network HR, then the arbitrage with nicehash would become less efficient.
There is a 4th Point that I did not mention because it is more in the long term and obvious. When we switch the PoS the problem will be over so the issue we are facing right now is only a few months issue we have to deal with. I am looking for your feedback on this as whatever decision we take will be taken as a community. We have stated in the WP that if there were too many abuse with Nicehash we would make the algo incompatible with it. Thank you
Credit to Bruno Bosmans of Telegram
All cedits go to Guilhem, dev of X-CASH, prolly the copy/ paste went wrong here. His name is in my original post. I stated that this is a copy paste information right?, I think you are not blind to read my description.. So I got this information in telegram posted by Bruno Bosmans one of the XCASH telegram community member, And if this article originated to Guilhem so I also give him the credits of this information.. |
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Ako kaya bago ko narating tong rank ko, dami kong post na binura ng admin hehehe, kaya talagang magiisip ka ng way how to improve your writing skills, ang sekreto lang naman eh magbasa ng magbasa ng lumawak ang vocabulary sa ingles hehehe! Anyway wala pang isang kilo ang ingles kong baon dito..    |
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The new top Bitcoin forks focused exchange forkonex.com now fully supports BTC2 trading as well.
- Trading fee 0.85%
- KYC required.
- No BTC2 withdrawal or deposit fee, (apart from the normal tiny network transaction fee).
We are also listed on Blockfolio app, Coingecko, Coinlib.io, worldcoinindex.com, getdelta.io app etc.
This is one of the big step to success for BTC2, Admin and Dev team taking step slowly but surely and hope that the community fully give their 100% support for this project, let us spread the word in social medias and other forum.. Great job to Admin!! |
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Ang tanong ko lang ay maaapektuhan ba ng merit system ang paglago ng community dito sa bitcointalk? Kasi unang unang dahilan para mas lalong maging matagumpay ang crypto ay kailangan natin ng mga bagong myembro na papasok dito sa forum at ang isang dahilan na nagdidiscourage sa kanila ay ang merit system dahil sa mahirap na mag rank up. Mayroon akong nasalihan na group chat sa social media na mga nagba bounty at the same time ay nag iinvest din sila sa mga ICO na sinasalihan nila ang dahilan ay para makakuha ng mas madaming token at habang sila daw ay nagbabounty ay napag aaralan nila ang mga ICO's base sa mga post ng ICO's sa kanilang mga social media kung legit o promising ba ang proyekto o scam lang. Sa ngayon ay hindi na sila aktibo sa forum dahil sa merit system hindi naman daw sila shitposters wala lang talaga gusto magbigay ng merit sa kanila o wala lang nakakapansin sa mga post nila kaya nawalan na sila ng gana sa cryptocurrency at sa ngayon ay lumipat nalang sila sa stock market.
Isa siguro eto sa nakikita kong dis advantage ng merit system maaapektuhan nito ang paglago o pagdami ng myembro dito sa forum dahil sa mahirap na ang mag rank up.
Tama ka kailangan ng bagong member, pero the reality is those new members is alts account (farm account) hindi sila sumali upang matuto at makipagcontribute kundi upang i-take advantage ang benefits ng pagiging member ng forum na ito, lahat naman tayo dumaan sa ganitong proseso bago naabot ang rank na meron tayo ngayon.. Tignan natin yung greater good ng forum hindi ng few people na nagtatake advantage sa forum na ito. Ika nga eh aanhin natin ang quantity na wala namang Quality.. Tama ka dito sir eto rin yung isang advantage ng merit system para maiwasan ang pag gawa ng mga alt accounts ng iba, pero tingin ko maabuso pa din ang pagbigay ng merits dahil yung iba dito ay magkakakilala na sa personal halimbawa yung iba nilang kaibigan na mga high ranks na ay pwede nilang hingian o pwede sila bumili ng merits para sa mga bago nilang gawa na alts accounts. Isang merit lang naman ang kailangan nila para mag jr. member sila at yun pwede na silang makasali ulit sa mga signature campaign. Pero siguro ay iimprove pa naman ang merits system para mas ma minimize pa ang mga dis advantages nito. Sa totoo lang kahit may rules naman na ganito ang pinoy di nauubusan ng kalokohan sa buhay, kung mapapansin mo dagsa ang gumagawa ng new topic ngayon sa pagasang makakakuha ng merit, ito naman nag problem ngayon, natatabunan ng mga new topic yung mga de kalidad at may katuturang topic.. Pansin mo halos lahat ng topic eh puro tanong yung tipong nagsusurvey lang at kumukuha ng atensyon.. tsk tsk.. |
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Basta alam mong tama at kargado ka ng ebidensya go ka lang, nasa malayang discussion naman tayo dito at basta make sure na sumusunod naman tayo sa forum rules eh go ka lang, kering keri yan brother/sister  |
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Ibalik ko rin yung tanong after ko makita ang purpose ng post na ito:...
Ito yung balik kong tanong:
Ito yung tanong ni OP: Anong tawag ninyo sa taong di marunong mgsupport sa kapwa Filipino?
Ito naman tanong ko kay OP: Anong tawag sa taong makakuha lang ng merit eh gagawa ng ganitong post para sa kapwa Filipino na nagreport lang naman ng mga abusadong member na Pinoy dito? Anong tawag sa gumawa ng topic na to?
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In every project development base on blockchain, the team needs to look and prepare for massive campaign, social media exposure, be active to create a good and healthy community and also if there is no funds to support for listing, the coin will become useless!! it is impossible to coin to go with a descent exchanges, without a fund from dev it will not for the project to be lsited.. Developing coin is the real business so the dev must prepare their cash and budget to run it.. One of my great example of Project who are really serious is X-CASH, this project compose of 3 Man Team, they don't offer a private sale, getting funds from investors, they use their own MONEY for the XCASH Project!! @Admin take a look of this project and you can get some idea why in just one month, they will listed the coin in 4 different exchanges like Cryptopia and Listed on CMC https://bitcointalk.org/index.php?topic=4781246.0 |
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I just saw this statement on the telegram conversation and it will help us to understand the "cn7 bug" this is very interesting information and it could help us out to get some knowledge on what happening on the network hashrate of XCASH
For people who still think there is a 'cn7 bug' and are not convinced the high hashrate network is from nicehash, read up the following:
There is some interesting discussion about the network hashrate here, and I will try to answer it. First of all, we have mentioned the potential Nicehash issue in the whitepaper, and this is something we are well aware of. I have been myself a long time miner, which led me to start a mining firm in September 2017. Let me tell you that the difficulty adjustment lag does not solve the issue at all. This is already something we thought of, and the conclusion was that it was useless. Let's assume tomorrow we switch from 720 blocks to 360. Fantastic the nicehashers will get 'adjusted 2x faster, but so will be the adjustment on the 'downside'. So overall, this would only change the frequency of the nicehashing cycles, today with a period of ~36h tomorrow 2x less, etc.
So why did we allow Nicehash in the first place? As mentioned in the WP, this is to increase the liquidity of the hashing rate of the network. In theory, Nicehash is a brilliant invention because thanks to people arbitraging the market vs. mining price we can ramp up the network hashrate in a matter of seconds as the market price increase. Without it, it would take weeks for miners to buy and mount new rigs, or hours to find new miners in the network to plug their rigs.
The problem, now that the coin is starting to be considered as a serious player in the game, is that we are seeing more serious nicehashers coming in as well. I see 3 possibilities to
solve this issue in the midterm:
1. Asking the nicehashers to be nice and stop doing it. This can also be done by raising the threat that we will switch to a Nicehash resistant algo if they do not stop. I do not believe this solution could work.
2. We fork to a nicehash resistant algo, which could also make the network hashrate dump and generate a discrepancy between market and mining price, translating into a significant incentive for the miners to dump their proceed which would eventually lead to a decrease in the price.
3. We wait/hope to reach a network hashrate that will mitigate the impact of the nicehash pumps. My point is that today we don't witness hashrate pumps on Monero's network and the reason for that is the nicehash liquidity itself. There are more or less 50-100MH available at a decent price on Nicehash, so if tomorrow, one would try to use it to pump, the 'arbitrage' on the difficulty would only be ~20% (100/500MH). For XCASH, the potential arbitrage is as of today in the 1000% area (100/10MH). If we can get to 100MH of network HR, then the arbitrage with nicehash would become less efficient.
There is a 4th Point that I did not mention because it is more in the long term and obvious. When we switch the PoS the problem will be over so the issue we are facing right now is only a few months issue we have to deal with. I am looking for your feedback on this as whatever decision we take will be taken as a community. We have stated in the WP that if there were too many abuse with Nicehash we would make the algo incompatible with it. Thank you
Credit to Bruno Bosmans of Telegram
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The number 1 market of Bitcoin is all of us who want to be free from the cartel of IMF, Central Bank, World Bank and any bank who controls the economy, control out business, control our lives.. We are the number 1 market of Bitcoin, we the people who wants to be FREE!!
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One of the problem of this project that the admin must give their attention is the users experience in using the XCASH wallet, even me that has been in the crypto since 2013 has the difficulty in using it, I had a experience in transferring balance to another wallet, it took for so long for loading when you tried to send big amount, and after you sent it, the confirmation popup either it's successful or unsuccessful also took so long.. I have no negative side about the project, The Project has a Solid base with a clear platform and direction plus the Dev Team got most of the community's trust because of the result they've shown about the project.. I hope the Dev Team will fix the wallet problem.. Thanks
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Ito ang mga naisip kong dahilan kung bakit dapat wag natin gawing full time na trabaho ang crypto:
1. hindi lahat ng bounty campaign ay nag babayad sa mga hunters. (wala tayong kasiguraduhan sa mga bawat campaign na ating sinasalihan)
2. walang kasiguraduhan ang pag iinvest. (pwedeng kang malugi pero pwede din naman kumita)
3. hindi tayo makakakuha ng experience na pwede nating gamitin sa pag hahanap ng trabaho.
4. wala tayong makukuhang benefits katulad ng health insurance etc.(what if mag kasakit ka and kelangan ng malaking gastusan sa pag papagamot)
mag lagay pa at ibahagi nyo ang mga naiisip nyo na mga dahilan..
Hindi rin kabayan, maling mali ka dyan... NASA CRYPTO ang pera, basta lahat ng papasok dito sa BTT unahin muna na i-equip ang sarili ng proper and legit information, aralin hindi lang ang mga bounty, dahil di lang naman yan ang dapat ipunta dito ng mga baguhan, kundi ang matuto.. Kaya para sa akin maling-mali ka dyan, walang magbibigay sayo ng merits kapag ganitong klaseng mga post ang gagawin mo.. Tumingin tingin muna sa paligid, magbasa-basa ng mga taong nabiyayaan ng crypto at saka ka mag-conclude sa iyong post ng mga sasabihin mo.. PEACE YO!! |
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Being a newbie, is not easy for me to get a merit cause of the new rule, although I'm trying my very best. As what the saying says, "sacrifice is the gate way to success" . Kaya, I won't give up. I need to have more extra time so that , I can read and learn more from the thread. Hoping, that I can have a single merit til the end of this year..
Ganyan dapat ang maging kaisipan ng lahat brother, yung mga katulad mo na di susuko at positibong tinitignan ang buhay, sana ganyan lahat ng nandito sa forum.. Good luck sayo! |
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Ang tanong ko lang ay maaapektuhan ba ng merit system ang paglago ng community dito sa bitcointalk? Kasi unang unang dahilan para mas lalong maging matagumpay ang crypto ay kailangan natin ng mga bagong myembro na papasok dito sa forum at ang isang dahilan na nagdidiscourage sa kanila ay ang merit system dahil sa mahirap na mag rank up. Mayroon akong nasalihan na group chat sa social media na mga nagba bounty at the same time ay nag iinvest din sila sa mga ICO na sinasalihan nila ang dahilan ay para makakuha ng mas madaming token at habang sila daw ay nagbabounty ay napag aaralan nila ang mga ICO's base sa mga post ng ICO's sa kanilang mga social media kung legit o promising ba ang proyekto o scam lang. Sa ngayon ay hindi na sila aktibo sa forum dahil sa merit system hindi naman daw sila shitposters wala lang talaga gusto magbigay ng merit sa kanila o wala lang nakakapansin sa mga post nila kaya nawalan na sila ng gana sa cryptocurrency at sa ngayon ay lumipat nalang sila sa stock market.
Isa siguro eto sa nakikita kong dis advantage ng merit system maaapektuhan nito ang paglago o pagdami ng myembro dito sa forum dahil sa mahirap na ang mag rank up.
Tama ka kailangan ng bagong member, pero the reality is those new members is alts account (farm account) hindi sila sumali upang matuto at makipagcontribute kundi upang i-take advantage ang benefits ng pagiging member ng forum na ito, lahat naman tayo dumaan sa ganitong proseso bago naabot ang rank na meron tayo ngayon.. Tignan natin yung greater good ng forum hindi ng few people na nagtatake advantage sa forum na ito. Ika nga eh aanhin natin ang quantity na wala namang Quality.. |
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Unahin natin yung NEGATIVE EFFECT:
-Mahirap ng magpamerit pahirapan magkamerit
Inayos ko lang yung isang negative effect, iba kasi ang dating pag binabasa ko to. Parang sinasabi ng statement na yan na meron akong merit source na pagkukuhaan so dapat mag ingat ako baka kase mahuli ako ganon hahaha. Yun lang naman hahaha mas maganda siguro OP kung ok lang baguhin mo yung thought nyan. Tsaka kung passion mo talagang makatulong sa kapwa mo, imposibleng hindi ka makakuha ni isang merit man lang. Heheh buti napansin mo salamat sa correction brother sige baguhin natin, pahirapan meanining eh makakakuha ka kaya lang eh dadaan ka sa butas ng karayom, at dapat eh good content ang thread mo para mapansin at mabigyan ng merit. |
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Okay sabihin nyo ng hindi ako marunong magsupport sa kapwa pilipino pero hindi rin naman tamang kusintihin ang kapwa nating pilipino na gawin yung mga ganung bagay halata namang Alt Accounts yung mga yun tsaka nag memerit abuse din yun ang problema lang sila hindi pa nababan ikaw naban na dahil sa MERIT ABUSE ahahahahah BITTER NABAN SA MERIT ABUSE   Tapos Ban Evasion ka pa pwede na namang maban yang newbie account mo sayang naman yung mga bounties mo dun sa https://bitcointalk.org/index.php?action=profile;u=1788367 tsk tsk ang punto ko lang kasi rules ay rules dapat itong sundin walang exempted dun pero kayo na bahala kung ano isipin nyo sakin gagawin ko kung anong gusto ko. tsaka ingat ingat sa pag lagay ng mga mukha nyo sa facebook nyo tsaka twitter kitang kita ang cucute nyooooo. Marami ka pa naman yatang ALT ACCOUNT okay lang namaban yung isa MERIT ABUSE pa! Agree with you kabayan, dapat tumingin tayo sa long term, kapag masyadong naabuso ang forum na ito, sino pa kayang investors ang gagamit nito at magbibigay ng bounty kung ang nasa isip nila ay ang mga nandito ay nandito lang to farm at para kumita at hindi para mag-invest din para sa mga project nila.. Nakakalungkot isipin na may mga taong mapagsamantala, at kung di naman gagawin yan nung subject person mo eh, parang hinayaan na rin natin na masira at mawalan ng tiwala ang mga big fish sa forum na ito.. AKO 100% Susuporta ako kapag nasa tama, pero kapag mali di suporta ang tawag dun kundi pagkunsinti.. Mali na nga eh di ba.. So itama natin.. Hindi naman nangangahulugan na makasarili na tayo kapag ganun... Tutal yung mga nireport na yan malamang may account yan na mataas rin ang rank.. So hayaan na natin na masuspend at ifocus na lang niya yung kanyang sarili sa main account niya.. |
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Aminin natin na tayong mga mulat at aral sa Bitcoin ay may magandang epekto ito, pero ang nakakalungkot iilan pa lamang sa ating mga kababayan ang nakakaalam ng totoong gamit at advantage ng blockchain see my thread>> https://bitcointalk.org/index.php?topic=5031024.0 at kadalasan sa facebook lang sila kumukuha ng info which is sa facebook nandito ang ang maraming mapagsamantala, pati nga sa balita ang branding sa bitcoin is investment, ang iba naman ay scam, di kasi sila aral kung ano ang magiging epekto nito sa future sa ating mga buhay, nakabase lang sila sa investment, etc. Kaya tama lang ang new rul na inimpose ngayon dito sa Forum, na dapat talaga ay magkaroon ng malalim na involvement ang mga nagiging member dito sa kung ano ang efekto at advantage kapag nalaman mo ang blockchain technology,, Siempre kasama na rin dito ang pagkita, bunga na lang ito dahil inalam mo ang layunin ng cryptocurrency sa buhay mo.. |
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May sablay tong post na to kabayan, ayaw nga ng Admin ng mga ganitong style para lang magka-merit, mamaya naman ang maapektuhan ay itong local thread natin, siguro ang mas maganda eh iencourage na lang ang karamihan na gumawa ng maayos na thread/post at kahit ano naman ang sabihin kapag maayos to ay may magbibigay ng merit.. Concern lang ako kasi malamang dito magiging tambayan ng mga farmer account.. mayayari tayo dito kapag ganyan.
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