Yeah that is interesting. I think the way you do it is the most "correct" way but when it comes to how people like to trade they certainly seem to like "one main source". All of the cryptocoins are minnows in the world market so who knows what will eventually end up as the dominant form of trading if any of them go big.

That only has NMC, so wouldn't qualify for his "most altcoins". Would be interesting to see SLC24 offer the others though.

You do know change is part of improving something right? Unlike Bitcoin we don't want to support a protocol developed in 2009 when we have more knowledge on how a true p2p currency should work. People liking the fact Bitcoin will never change is fine, they can stick with Bitcoin.

And in regards to artforz it's just because he is wired that way. First with the spam attack on SolidCoin v1, then trying to preempt SolidCoin 2 with a fake CPU coin (tenebrix) because I said we would be moving to a CPU algorithm, then with the GPU SC miner he only used himself and with friends before mtrlt released his. The list goes on, this guy is involved in many "behind the back" dealings that we know of. Only he could tell you the stuff we don't know about, but the things we do know are pretty damning, in my opinion.

Of course on this forum you'll get people thinking he is a "legend" for attacking the "evil SolidCoin" and they're blind to everything else. So what can you do.

Not that I'm aware of , but people talk about such a thing time to time in the #solidcoin IRC channel. I'm not quite sure if the other altcoins have that much "Market" that they can be split up into so many exchanges without the volume being hard to trade under.

Even SolidCoin has some difficulties with 2 exchanges split pretty evenly. For some reason the mtgox owning 95+% of the market trade model seems to work best, and I think bitcoin would struggle somewhat if it didn't have that massively centralized exchange. That being said, having other exchanges around is quite useful as when one exchange closes people can quickly move to another.

Part of the reason SolidCoin price cannot drop that much is because the coin inflation right now is only about 40SC per day. When you have investors and pools actively buying up the rest of the SolidCoins that were "mined cheap" there is only one way the price can go.

http://solidcoin.info/economy.html

SolidCoin can no longer be dumped or mined by people with little energy investment. It costs more to produce 1 SolidCoin than it does a Bitcoin, by a factor of 2-4x, and due to the algorithm in place (which factors in electricity price increases and moores law), it should remain this way for quite some time.

To put it in perspective, it costs a bitcoin miner on a FPGA about $0.04 to make a single Bitcoin, and a GPU about $0.75 right now. On the other hand it costs a CPU or GPU anywhere from $1 to $20 to make a SolidCoin, regardless of the difficulty. As SolidCoin's price increases and mining becomes profitable again we will get more miners and the amount of inflation will increase to handle it. It's a type of automatic inflation/deflation control. You can read more on it here :-

http://solidcoin.info/myths.html#SolidCoin_can.27t_work_because_there_is_no_way_to_control_inflation

Have you ever done a "source diff" on SolidCoin and Bitcoin? Thousands of changes. Litecoin on the other hand even keeps the name "bitcoin" in many places because it makes pulling in patches "easier" for coblee and the others. You'd be lucky to find a 100 source differences in litecoin over bitcoin. SolidCoin has the best developers and smartest supporters, it is why we are outpacing Bitcoin development. Litecoin isn't a competitor to SolidCoin in my mind, we only have one and that is Bitcoin.

Artforz has publicly admitted to having a GPU miner of scrypt/Litecoin for many months. He has just said it was "Slow". So we can either believe his GPU miner of a hash he introduced was or is slow or the guy that managed to reverse engineer SolidCoin hash from a beta and make a GPU miner is indeed lying to us. You believe the former I'm guessing? The mystical artforz made an ultra slow (about 50x slower than mtrlt's) Litecoin miner? I doubt we will ever know the truth but if people want to believe artforz then that's up to them.

If it wasn't for talented people like mtrlt writing their own code to test such theories many people would still be saying Litecoin is a CPU coin, as would artforz who was doing that just a week ago on btc-e chat.

BTW coblee, I paid mtrlt in SolidCoins to release a GPU miner for the public. Perhaps if you could do the same he would be more willing to release it?

Well using the data you have you may believe that, but what I'm looking at it's 5x more efficient watt for watt at least and it's still early stages. As to whether that means CPUs are still viable, not sure. I guess if GPU mining Bitcoin is more profitable most shouldn't use their GPU to mine LTC? The big issue I guess is the fact it means if most people are CPU mining it makes it incredibly easy to switch some GPUs to it and 51% the chain if they are 5x more efficient.


<speculation>Given the behaviour of the "dark pool" it's my belief it was mainly there for some kind of 51% protection and to accumulate most of the Litecoins so less could be dumped on the market. Helping not crash the price. So I'm guessing it was someone related to project development or serious in helping it out ala Artforz. </speculation>

That is coming out soon, but it doesn't have any network changes (v2.041 is compatible) , just a new default thin client for easy transfer of funds and a much faster and more reliable node software.



One reason why mtrlt is keeping it to "himself" at the moment is if he releases it and LTC difficulty goes up he makes less total litecoins per day. I think it goes to show with him getting nearly 4MH, or 10% Litecoin mining power himself that something is going on there, believe what you want. . I think you'll find that right now there are many SolidCoin supporters who don't want to see litecoin die as it gives them an opportunity to mine it with their CPUs and get more SolidCoins.

It's quite likely the "dark pool" everyone was talking about isn't actually a botnet, just 10-20 highend GPUs mining it hard. No proof on that claim, just my opinion.

SolidCoin has a custom hashing algorithm designed to closely match modern consumer hardware, both CPU and GPU. Watt for watt they get similar performance on SolidCoin hashing. Litecoin on the other hand was put together by Artforz using "off the shelf" components which turned out to be a bad move (or good if you like GPU mining a chain). This being said until SolidCoin price is over $1 most people won't be able to make a profit mining it so something like Litecoin still has a place for anyone wanting to get BTC using their CPU unless a GPU miner becomes public.

As far as I'm aware in my last talks with mtrlt the litecoin GPU miner is only 10-20x faster than CPUs. Which is less compared to a GPU mining bitcoin 100x faster than a CPU. According to coinotron litecoin mining is 2.4x more profitable than mining SolidCoin which seems odd to me, given our recent economic changes made our cost of production over $1 and we are about 18x away from being profitable yet!

You can calculate it here, http://solidcoin.info/profit-calculator.html

As Schwede65 says you need to ensure you're on the latest version of SolidCoin . Soon this won't be a factor as the client most will use is independent of most of the network related code itself. The benefit being you don't need to download the chain or wait for anything, it's all instant.

Heh, so wait, let me try and understand this new story. You didn't get paid enough to do it on Scrypt coins (funnily enough an algorithm *you* chose for tenebrix that Coblee later copied for Litecoin) but you have time to :-
1) Reverse engineer a SolidCoin beta
2) Code up a GPU miner for it
3) Make it relatively efficient.

But when it comes to your love child chain it's like
1) I spent a whole 2 hours working on that and it didn't work
2) A frickin compiler bug stopped me! The legendary artforz!
3) Over the next 3 months you spend multiple hours talking about how GPUs can't run scrypt on IRC and BTC-e

Big difference there isn't it in regards to the time you put in for SolidCoin...   If you want someone to believe this you need a new story, I guess we will have some "clarifications" coming up.


Oh you spam a chain and they bad mouth you. Diddums.   Poor little artforz just does nothing to noone and people are picking on him. The big meanies.  

So you're just incompetent then? You get a scrypt miner working and then just give up after no more effort? Then go around telling people that it's unfeasible on GPU due to your few hour effort attempting to see if it was possible?

mrtlt did it in 4 hours.

So you're either incompetent or holding back the truth about how much GPU mining you have been doing. Seeing as you were passing around hidden SolidCoin GPU miners prior to mtrlt releasing one publicly I think your past speaks for itself, including Bitcoin GPU mining. It's hardly a conspiracy when your past is full of this exact thing, it's a logical deduction.

SC is a much better currency even when comparing to Bitcoin, but when it comes to so called "mining profitability" both LTC and BTC are better currently. That was part of the recent economic change, until SC is valued more highly then mining won't be very tempting to many people.

We could have mined secretly with GPU for much time and got many litecoins doing it. So please put it in perspective about why we are releasing this info to the public.

Firstly you don't know how many watts it uses to mine scrypt, secondly this is early days (hours even). The original SC GPU miner is about 50% slower than what is available now. And future versions will likely extend that for SolidCoin.

As to scrypt, anything between 50% and 200% increase over what is there now wouldn't surprise me. You can pretty much kiss scrypt mining on CPU goodbye because unlike the custom SolidCoin algorithm it isn't a good all round choice for both GPUs and CPUs on a watt for watt basis.

Right if we didn't announce it and just release Reaper v13 with Litecoin/scrypt GPU mining in it we wouldn't be accused of "Raping litecoin for months" would we. Damned if you do damned if you don't.   . mtrlt got it working 2 days ago and I announced it today, that's a pretty tight disclosure period.

So skeptical.   When haven't we delivered ? Either way you can think it doesn't exist and GPU mining is impossible until the Reaper v13 release if you wish.

The reason I'm announcing this publicly is because I think if we didn't people would realize we were hiding the truth "for some time" when the release is actually made. Just know some people are already GPU mining and it's a lot more efficient than CPUs. It's also likely others have been for some time but would rather not tell Litecoin users.

Many people will admit to the fact artforz has claimed "9KH/s" , he's publicly said it on btc-e chat and on IRC. You can't have a guy that makes a scrypt miner in 4 hours 25x faster than that without questions being raised.

In regards to "buy orders" , you do know SC is on multiple exchanges?

Check out the other major exchange :- http://slc24.com

I also don't really care about the price because I'm not in this for the money, but on last check the price of each SC is nearly 4x that of LiteCoin. If you're against banks, the system and government infringing your freedoms then you should get involved with our project. It's the only currency with a solution to the major problems facing Bitcoin.

Well he said it would be in v13, but it's free software and it's not like coblee is shelling up some coins to pay for it. Maybe ask artforz for the gpu miner he has been using for over 3 months.