Can anyone explain to me, with verifiable numbers, why there are these constant suggestions that there are GPU and botnet miners in action?
It's just bitter people complaining for the most part. If there were any decent amount of people with GPU mining there would be big dumps going on in the exchanges. Instead looking at the exchanges we can see all the sells are for small amounts and no big dumping is taking place. That suggests there are not a handful of people amassing tons of the coins (50k amounts). There's a lot more people mining now because all it takes is a cpu from a computer which doesn't interfere much with GPU mining. That means less coins to go around. And the number of coins produced per day by the network is also now decreasing due to the difficulty rising. |
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The daily average is falling for XPM every day now. The daily average for today is on track to hit 65k. It will continue to fall since the target block rate is 1 per minute and we are still not close to that.. 1 month from now the daily average will be 20k or less, I predict. |
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I like Erundook's the best. Sure, like any pool, they go down from time to time, but he does a good job of bringing them back up.
Compared to Vern's pools Erundooks are not down as often, get less stratum disconnects, and Erundook also doesn't "cookie-cutter" his pools. By that I mean that he doesn't make every coin 120 confirm BS because it would take a few seconds to alter the code of the site like Vern does. There is no reason to have to wait so long on most of the coins when dealing with Vern pools, other than he didn't bother to alter the copy-past pool site.
I gladly pay the 1.5% to Erundook to get my coins faster. Nothing sucks quite as much as mining a coin because it is super profitable, then after waiting 120 confirms on Verns pool, having the price plummet before you actually get your coins.
I don't suppose you know what open source copy paste code these pools use? I would like to set up a pool, with 0% fees and custom features that people pay for if they are interested and would like a base to start on (I know php and mysql as I have been using them for years, others like ruby I am familiar with but not at expert level). |
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Added 1 addresses from 54.216.76.137: 113 tried, 10380 new
received block a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd
Committing 1 changed transactions to coin database...
SetBestChain: new best=a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd height=54362 difficulty=8.9326816 log2Work=21.373855 log2ChainWork=34.463719 tx=66999 date=2013-07-16 20:03:57 progress=0.001280
ProcessBlock: ACCEPTED
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500#
What does this mean in the debug.log?
Accepted what?
I've got a bad feeling based off your posts lately that you are trying to figure out how to make a fork of Primecoin. If I am right and it's a lame copy paste job with a couple of variables changed please don't bother. You don't need to worry about me forking Primecoin, as I cannot even mine a Primecoin block let alone fork the client. I just want to know why I can have just under 4000 PPS but not get a single block in 24 hours? And I wanted to know what it means when it says process block: Accepted? I can't offer constructive help unfortunately other than tell you what you probably already know, that the network hashrate is still growing (making 4k PPS not what it was a couple of days ago) and solo mining this coin can be high variance (get no blocks for a day and then suddenly 3 all come in within the space of an hour). |
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It's better for the good of the coin if GPU mining adoption is gradual. And I speculate that is what will happen. People who work out how to GPU mine it are literally finding a golden goose and killing it for no reason if they distribute it freely... especially when the exchange rate is 40 cents a coin. I predict people will GPU mine in private and gradually grow in numbers, and then when it is nowhere near as profitable someone will release it for a bounty. That is the free market in action and that is also healthier for the network hash.
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Added 1 addresses from 54.216.76.137: 113 tried, 10380 new
received block a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd
Committing 1 changed transactions to coin database...
SetBestChain: new best=a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd height=54362 difficulty=8.9326816 log2Work=21.373855 log2ChainWork=34.463719 tx=66999 date=2013-07-16 20:03:57 progress=0.001280
ProcessBlock: ACCEPTED
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500#
What does this mean in the debug.log?
Accepted what?
I've got a bad feeling based off your posts lately that you are trying to figure out how to make a fork of Primecoin. If I am right and it's a lame copy paste job with a couple of variables changed please don't bother. |
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Quite a few people have posted now saying that they seem to find blocks in quick succession. I've noticed the same thing, but even to the point where different VPS's (same provider) have all found blocks within a minute of each other but nothing for hours either side. In the last 4 hours I found 9 blocks all at the same time across 6 VPS's (around 30 mins ago), and then nothing for the 3 hours before that. I have seen the same kind of patterns over the last few days too (though no normally 9 at the same time!). Has anyone got any theories as to why this might be?
I have seen exactly this once one block was found, on one instance....then a whole load more were found quickly by that isnatnce another that found none never found any I think findinf say 12 blocks with one instance an zero with an identical instance is very unlikely..... somethings going on... I have a few theories and one is really out there.... This is the nature of randomness and is the reason why so many people spend hours sitting in front of slot machines and vlt's. Randomness is random, looking for patterns is pointless. Humans also focus on 'special' events. Imagine if we got posts like 'omg my blocks are coming in spaced apart' whenever that happened, those posts would outnumber the 'blocks coming in together at once' posts many times over. It's just that blocks coming in spaced apart is the expected event on average and not noteworthy. There's a scientific name for this in fields of study. |
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If the initial code had been properly optimized then starting difficulty could have been nearly 9 and we wouldn't be seeing such a short block time. This is a lesson, if your going to release a new algorithm for CPU mining, optimize the CPU code or else you've get quasi-ASIC like behavior in which hash rates explode and the coins may end up monopolized by people who have access to the high potency mining ability even if this is by software rather then hardware.
Starting difficulty would have still been where Sunny set it, 7. I don't know what the distribution looks like, but I am still finding blocks on 5 micro instances and a laptop running while I am sleeping. If difficulty adjustments took two weeks, I would agree with you, but it's dynamic. If his starting difficulty was in any way chosen to reflect the mining rate of some target number of PCs (the method Satoshi used) then optimized code would certainly have lead him to choose a higher difficulty, do you think 7 was just a number he pulled out of his ass with no regard to the target block time? So not only does he have to code and promote the coin, now he has to divine the future? I imagine that he set it where it to wouldn't be jammed up with orphan chains initially when utilizing CPU mining and then allowed it to self regulate. There is no way to predict adoption or hashing power or optimization. You are just some tool upset about the first WEEK of mining. Entitlement is an ugly thing. Didn't get enough of those 200k coins, or what? Fuckin' a...some people will bitch about anything. Oh get off it you twit, I'm pointing out how Sunny King could have had a better initial release that meet HIS goals. From what I've read on the optimization threads the original client was doing really obviously un-optimized stuff like calling malloc repeatedly which any first year programmer knows is a performance killer. Optimization CAN be predicted and the factor of 100x we have seen so far would be considered quite easy and 'low hanging fruit' to most programmers. SK was clearly trying to avoid overly fast blocks per his own pre-release thread that advertised "Reasonably high starting difficulty to limit instamining" but that effort was defeated by lack of optimization to the mining code under which the initial difficulty was chosen. Its a lesson anyone working on a new hash algorithm in the future should take to heart, it is meant as a constructive postmortem of this coins release. Your statements are simply knee-jerk defensiveness and seem to be ignorant of SK stated intentions as well, I assure you he is capable of taking constructive criticism and learning from mistakes, I recommend you do likewise. Hindsight is 20-20. Further point - do you know what the word insta stands for in instamine? The opportunities for this coin have been fairly equal and better than most other coins. On day 1 people were sharing guides on how to mine it on cloud servers... I followed a guide 3 days later and mined a good amount of coins on amazon. On day 1 and 2 I got a few blocks on my spare computers in my house. The coin distribution of this new release has been comparatively excellent. It makes coins like Feathercoin which produced 3 million in the first day look like a joke. |
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I would like to donate Sunny so put an address down.  |
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Did you need to submit withdrawal via email there  I tried to withdraw YAC, but request is being processed for 2 hours (i mean status "processing"), and no mail Yeah manual withdrawals are common on bter unfortunately. Can take up to 12 hours |
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Banned from cryptsy chat, welcome to ignore list here.  Ignored that clown long ago - running a "Bitcoin Megastore" which is actually a crap shirt store anyone can build in minutes, and where you can not buy with bitcoins. Yeah he's on my ignored troll list too  |
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Interestingly DigitalCoin and FeatherCoin both have the same network hash right now according to coinchoose: 1.05GH.
Would be nice to see DigitalCoin overtake it.
https://dgc.epools.orghttps://ftc.epools.orgIt's already nice though? That is great news  We've gone through a nice jump in price and activity lately. I can see further spikes like this occurring over the coming months... I would list the reasons why but you already know them lol. |
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Interestingly DigitalCoin and FeatherCoin both have the same network hash right now according to coinchoose: 1.05GH.
Would be nice to see DigitalCoin overtake it.
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I've added primecoin to my charts website: http://cryptometer.org/primecoin_96_hour_charts.htmlhttp://cryptometer.org/primecoin_90_day_charts.htmlI left the "Network Hashrate" chart in even though it's a bit weird for this coin. I haven't done the work yet to make it "Network prime-chains per second" as it should be. I'd need to know the chances of a number being the origin for a Cunningham chain of length D (difficulty). I'll need to do more research before working on that.
So right now, network hashrate is just showing how many hashes/sec would be necessary to obtain that many blocks at that difficulty *for bitcoin*. It's not useless. The primecoin paper indicates that the primecoin difficulty linearly affects prime-chain finding probability just as bitcoin's difficulty linearly affects it's block finding probability. So my chart is simply off by some constant factor -- the proportions are accurate but don't pay attention to the actual numbers.(Edit: ignore the "Network Hashrate" chart for now. See below for more info.) Also... I've been mining this for days and I've got nothing... ARy4JFrdeKSst42iS3kcxwdB81t7Vmrvc7 Hmm... Interesting trend on the money supply graph so far. Looks to be exponentially increasing which surely is not desirable. I wonder if the difficulty adjustment is working as intended. |
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what is prime calculation good for?
Primes are to mathematics what elements are to chemistry. You, sir, are awesome for bringing Chemistry into this Not really. There is a finite number of elements, but an infinite number of primes. He's referring to primes being the building blocks of the integers. |
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This will confuse consumers.
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I want to setup a pool like this for an alt coin like Litecoin.
I am a php+ mysql developer by trade, so open source code which uses these will help me (I have little experience in ruby).
Any guides on here that you can link me to will be appreciated.
Thanks
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Cool. I'm going to sell a bit of my XPMs. I don't have the time to both with google docs exchanges! No trades executed yet... |
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By the exchange values quoted (0.3 LTC / .001 BTC), the current block payout and the target time of 1 minute the Prime coin mining network would be generating nearly $800 an hour if it were at the 1 minute target (it's above that now but coming down). This would place Prime coin 3rd in cumulative mining rate (again assuming target rates) at around 1/4th the total of LTC and about twice that of FTC.
Market cap would be right around 100K USD which would be 5th just ahead of NovaCoin and behind PPC, an impressive result for day 3 of a new coin in this era of crappy clones its good to see something innovative get recognition.
thats not right http://coinmarketcap.com/Based on: - 7528 blocks
- a median reward of ~19 XPM
- trading at 0.25 LTC (US$0.62)
The market cap is ~90K US$, so 12th at the moment but should be in the top 10 tomorrow Where are you getting that trading figure of 0.25 LTC/ $0.62 from? |
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