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221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 14, 2015, 02:07:54 PM
Quick question for all the active Burstcoin holders

Would you be interested in a Burst asset based on a fund of Proof of Stake coins?

The asset would hold around 5 different chunks of POS coins such as Mintcoin, Clams, Peercoin e.t.c

Funds would be raised in Burst and the POS coins would be purchased and held in wallets, the income
from the staked coins would be returned to asset holders as Burstcoin.

I think this could be a good asset that would help bolster and stability to Burstcoin.

What do you think?

I think it's brilliant. Takes care of all BURST's problems by avoiding them completely.

But my suggestion is that you make such an asset for each coin, any coin, BTC, LTC, ETH, XRP etc. It would be easier to manage this way, than all of them mixed up.

Then you can still make assets that buy into multiple of the above assets, to get the coin portfolio effect.

222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 10:49:34 PM
This damn thread... Gone for a day and there are four pages to read (even without Elmit Wink )


@bitladen, so you are gonna clone BURST...? Finally Smiley

Make sure to make possible new tools legit; it will just hurt the clone if there are malicious stuff in there. And try to write a white-paper: The clone has so much to win if you have one, compared to BURST. Also, for the name, try to find one that emphasize some of BURST's key features, as the eco-friendlieness.



What part of open source didn't you get?
Besides, I hope luxe will review the code. He seemed interested in the idea.
223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 10:01:01 PM
hey bitladen
why don't you just go fuck yourself?
thanks



I don't want to.
But here's a better one for you. Why don't you buy some BURST?
224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 09:44:56 PM

Burst is only inflationary in the short run. We've generated about half of the 2B burstcoins that will be the final total.  number of BURST in circulation will double from here , following the distribution plan of reducing the amount distributed per block with 5% each month.


Sure but how long would this mining phase last? 1 year, 5 years?


i made some rough calculations, not precise, might not even be correct at all...

with 5133 reward i get 5.01% monthly inflation, that is now. This is way worse than usd of course

10 months from now, reward will be 3073 and inflation will be 2.17% monthly still a lot worse than usd

in month 69 after the start though, reward will be less than 2% yearly and at that point burst will obviously be a better store of wealth than usd is, and than most currencies is.

That will be 4.58 years from now.

At that time, you might see people storing value in burst and other non inflating currencies simply bc it is better than using fiat currencies. Goverments and central banks will declare war, but we will be way too far ahead for them to do anything about it.




Multiply by the devaluation compared to BTC you are getting 500% actually.

Worst yet is that if the Somalian government declares war to BURST, I think even they can put 4PB together and win. But if somehow they can't pull it off, there's always the Liberian government.

Oh, there's more, what if US government declares cryptocoins illegal? You might even have to conceal your identity. Are you prepared? Or will you just quit?
225  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 06:12:33 PM
Oh, how I love these smart-asses, stating the obvious.
that's actually good progress, until now they've been trying to hide from the obvious.

I'm trying to make use of the integrated market place, you wisenheimer.

And the price per TB is half that of new disks. It depends on your local energy
costs if this is a viable alternative to buying new Harddrives. If so, voila,
32 TB added to the net.

Good work! I'd buy from you, but I prefer to remain anonymous. That's not a crime, especially considering that we are in the crypto community.

I may yet buy, cheap raids are hard to come by. But I won't be using D9G24 Tongue  If I do, next thing you know, they'll call homeland security on me.
226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 05:34:14 PM

Also, I still plan to go forward with the making of an asset with bit's mining power. He re-affirmed to me today that if we do go ahead with this, and people accept that it is something productive and give the benefit of the doubt, with of course myself backing the asset and doing the release, he will remove his 'threat' of any sort of 51% attack.

It would not be fair to attack with other people's hard drives, unless of course they want to Smiley But if I sell it, it is no longer my decision to make.

The threat does exist, whatever I attack or not. There's only one cure for it: more hash. A plot compatible clone would certainly help. And definitely cannot harm.

I find the mention of some sort of spyware being imbedded into an open source project to be a ridiculous idea, but regardless, I will say that this is not something that should be worried about at all.

Ridiculous, not really. In fact is anybody certain that the source code of burst does not contain malicious code? Has anybody even checked it out? If you ask me, I haven't.  What about the miners? You could at the very least compile everything from source if you are having this concern.

Anyhow, I will not make much changes to the code, github does give you the diffs, so it will be easy enough to verify that I haven't added anything malicious.
227  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 05:03:16 PM
If the coin has more value it would automatically increase the hashpower.

That's exactly what I've been saying all this time. I'm glad to get some approval.
228  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 04:42:02 PM
Well, I have been at this for a LONG time... and I am definitely a holder.
Why?

The thing is, you can't just hold, you have to pump, in order to back up your holding strategy.

Most times when a coin is released it looks great on paper and function, but a lack of supporting service causes the hold.
For example, I am holding a lot of Burst.  I am still hoping a 'cryptothrift' opens up where I can trade for goods/services directly with Burst.

Even if it does, the prices will reflect the risk of dealing with burst, burst is far too unstable, and it's only going down. The store has to find a way to dump real quick. 6 confirmations until you get it to polo may put you at risk, if you would accept the coin at the top buy value. You can hold a stash of burst on polo, but then that's also a risk.

Currently I hold a LOT of 'exchange only' coins.

Yes, and you need to pump. Of course, you don't hold all the burst, so it doesn't make sense that you pump it alone. It would be fair if all holders would participate. I actually made an attempt to pump it along with a few other holders, but somehow I ended up supporting at least 50% of the buy orders, while having only 20% of the coins, in our group. I tried, but did not get much help from the community.
229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 04:24:36 PM
So I've had to catch up for three pages... we're talking about a Burst clone, that can mine on Burst and the new coin with the same plot files?
SIGN ME UP YESTERDAY!!!!


correct.
I will announce with a few days in advance before I launch anything.
but in any case, my coin will not reward the first miners any better than the ones who join later.
and will encourage dumping, reward structure being inflationary, block reward being proportional to difficulty.

my theory is that this coin, and many other altcoins die because everybody holds. am I right or wrong, we will see, but it won't cost anything extra to mine it.

Thus far burst is crashing, that part we can all see Smiley  I've said this in march, when the price was 170 sat, so far I've only been proven correct.
230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 03:53:35 PM
He doesn't have access to "cheap" 2PB - he has access to free 2PB - he's running a botnet. He has 2PB of unwitting, unknowing, miners mining for him.

Is there any indication of a botnet of usurped machines ?
Do you have proof or are you just painting in vivid colours here ?


If this was a botnet (unknowing victims) this would constitute a criminal offence on various levels,
at least in my jurisdiction. So, is there anything besides chatter that supports your allegation ?


He stated that he did - don't recall if it was here or in IRC, but he said he had it.

and is that a fact?
as I recall you said you are involved in child pornography. is that a fact?

Very funny, not.

btw - I found the conversation where I was told your botnet had harvested 6 million verified email addresses.

that's funny because I found the logs where you told me about your child porn enterprises.
231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 03:48:32 PM
He doesn't have access to "cheap" 2PB - he has access to free 2PB - he's running a botnet. He has 2PB of unwitting, unknowing, miners mining for him.

Is there any indication of a botnet of usurped machines ?
Do you have proof or are you just painting in vivid colours here ?


If this was a botnet (unknowing victims) this would constitute a criminal offence on various levels,
at least in my jurisdiction. So, is there anything besides chatter that supports your allegation ?


He stated that he did - don't recall if it was here or in IRC, but he said he had it.

and is that a fact?
as I recall you said you are involved in child pornography. is that a fact?
perhaps that's why you really have 90TB of disk space laying around.
232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 03:42:04 PM
He doesn't have access to "cheap" 2PB - he has access to free 2PB - he's running a botnet. He has 2PB of unwitting, unknowing, miners mining for him.

Is there any indication of a botnet of usurped machines ?
Do you have proof or are you just painting in vivid colours here ?

Last I've checked botnets were illegal. I would never engage in illegal activities.
It seems to that haitch is the one with no proof here
233  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 03:25:58 PM
that's alright, can't hurt that I asked though, right?

no hard feelings.
Other than the usual childish nagging on this forum your posts where at least insightful, inspiring and open. Mostly.

I don't see you as the evil attacker/extortioner, a 51% attack is just a real thing we have to deal with.
I was very surprised that someone has access to nearly 2PB "cheap". Just guessing here, but I don't
believe you're paying standard market rates for those.



Well, allow me to retort, you have quite some hashpower yourself, where's that coming from? I guess you're not paying standard market rates. Or you're crazier than I am.

But all I'm saying is: burst hashpower is low. Get more hashpower!
And the only reasonable way to get it that I can think of is by increasing the rewards ( reward increase or price increase ). Surely at least price increase would benefit all the holders, yet they don't seem to care. No way of doing that without pumping, why don't they form an alliance of their own, and act together to pump it?

In any case, I see support for my future clone. I will do that.
But be assured, if you allow the hashrate to drop to the point where I have 51% I feel obligated to attack. No hard feelings.
234  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 02:53:46 PM
I had a short encrypted conversation on the blockchain with him in mid-June, same content.
Well, my reaction is that I just added 50 TB to my rig on Friday.
As long as power and AC supply permit I'll keep them online.

D6Q4N

yep. I'm not sure if you realize, if we form a 51% alliance, we effectively double our rewards.
as in with 51% of the hashpower we get all blocks, instead of just 51%

You see, I'm not in this to get out the maximum possible amount of coins. I want this coin to succeed,
I want to see services, external use of this thing.  I have the impression that your plan hurts the longterm
prospects, therefore we're not in the same boat.



that's alright, can't hurt that I asked though, right?
and there's the fact that I think your strategy is self defeating in the long run. but you don't have to agree.
i'm just saying.
listen or not, its up to you.
235  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 02:44:46 PM

Interesting idea, to have the first "merge-mined" PoC coin (also only the second PoC coin, afaik). I wouldn't expect reward structure or any other coin specification to draw more people to the clone though; have you ever seen a merge-mined coin surpass the parent, so to speak?

With the way burst market is going, it wouldn't be too hard. usually merged mining is done against strong coins
236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 02:35:32 PM
I had a short encrypted conversation on the blockchain with him in mid-June, same content.
Well, my reaction is that I just added 50 TB to my rig on Friday.
As long as power and AC supply permit I'll keep them online.

D6Q4N

yep. I'm not sure if you realize, if we form a 51% alliance, we effectively double our rewards. as in with 51% of the hashpower we get all blocks, instead of just 51%
237  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 02:31:13 PM

I think that if you allow use of burstcoin plotfiles with your new coin, then you set it up to be vulnerable for a 51% attack, especially if the burstcoin miners have a lot of TB plotted. The miners of the larger coin will be able to attack the smaller coin without having to plot first.  The plotting suff makes it harder to "just" attack. So in order to protect your coin from attacks, it might be a good thing to not make burst plots usable.

that would require the users to form an alliance otherwise the hashpower will be distributed the same way as in burst. plus that there's no single miner that can attack me. in fact there isn't any group of 5 miners that can attack me.

still if burst users could agree on that, and attack me it would be quite an achievement. no big deal for me, its brand new clone, I just make a new one.


on the other hand, if plots can be reused, it is somewhat easier to shift over.

If you use the same plots, then the 1.7PB you have will be able to mine new coin from day 1.  I doubt anyone hostile have that amount of plots. Most people will not 51% attack even if they have the opportunity, for them, it's the same as they won't threaten a kid to go pick them beer, just bc they could kick the kid's arse if it did not want to.

yea well thats the idea. plus that my coin will be able to support the growth of hashpower, due to the reward structure.
238  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 01:59:06 PM
No problem, then in have less work.

But if you read my posts in detail and the other earlier, i was against the 51 attack, not against the other thing. Clone is the best sol, also read our emails we wrote a few months ago.

lol, does anybody here have a sense of humor?
I was just messing with you.

Yea, sure I'd appreciate a node.
239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 01:36:22 PM
I think the release of the dual miner is the gamechanger for your clone, because every burst miner can mine both without additional costs.

luxe, has perfect understanding of the implications of dual mining, it only hinders performance when blocks are simultaneously submitted on both networks.

so the performance improvement is somewhat marginal. all the same, it's not that hard to make a multicoin aware miner.

and you can use the same miner connection for all coins. this reduces pool load.

Running 2 instances of the miner doubles the mining costs and because if that without a dual miner not much miners will join. You have double read times and for example my 80tb miner needs 50 seconds. If i run 2 instances the time is 2,5x because of the unootimized parallel reading. Much blocks are under 1 minute.... So thats no option. Optimizer miner read one and compare the read data with both coins.

not really. there's only the issue of scheduling the reads when blocks come in simultaneously.

I think the existing pool software also can be used for the clone. No need to release a new... Or im wrong?
yes, it can, but it is a pathetic getwork implementation. and since i already have better code, why not use it.

Dual miner was my idea, so sent the million  Grin
Tongue was mine

If you eant, i can run a node for your coin, i got a free vm....

I appreciate it, but make up your mind, a page ago, you said you were against me.
Thus far I'm thinking to work with crowetic and Elmit on the pool stuff.
240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 13, 2015, 12:37:07 PM
Also as i understand pool mining for the clone isnt nessesary because this has no advantage exect that you need a local wallet and must not deal with time sync issues?. In this case the dual miner should support solo/solo pool/solo pool/pool and solo/pool mining.

Win and linux version.

Make a clone and release it with the dual win and linux miner and i dont see, why the burst community and miners should not try the clone. With this we have a win win situation.

If you like my idea, please sent 1 mio burst or more for the business consulting to my burst adress  Grin

well it's pretty much my idea. maybe you should send me 1 mil Tongue

miners already exist. multicoin optimized miners, not yet.

my pool protocol, the client version will most likely be released.
pool code most likely not, but provided to pools that support me, and that I can trust not to release it
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