DOGE was once in the range of 10-30 satoshi, all you need is a popular idea, movement or meme that unites people into a community for your coin to succeed.
and DOGE supply growth rate was much higher
It went even below to 7-8 satochi. Anyhow I want to give some explanation on a fork because some people seem not to understand what it means. The term fork is used a lot in the open source community. A fork is a new version of a piece of software but has the same base as the original software were it is created from. In the open source community, if the community is not happy with the way how the software is improved or handled, usually the community creates a fork and goes a different way (example is open office vs libre office). In that case 2 pieces of software doing almost the same thing exist at that moment. This is in such cases not a problem. For cryptocoins this is different. The strength of cryptocoin is that the wallet and the cryptocurrency algorithm is distributed. So when a part of the systems using the cryptocoin software disappear, it still works as many systems over the whole world has that piece of software. There is also a downside. When you need to update the software, all those systems needs to be updated. If that is not done properly, the system has 2 different pieces of software and then the question is which is correct. Normally the latest is always seen as correct, but sometimes it is also the largest distributed that is chosen. A fork is not always bad. A new version that does not alter the algorithm itself, can exist next to the older version, but in a distributed system, it is important to update when needed. However you always have to wait until the developper has officially released the version. It is possible that a developper added a version he still want to test in a real situation, so please wait always on a official release. And this looks what went wrong with CryptoRush. They saw a code change and immediately changed the code and therefor creating a fork themselves. Their system were not capable of handling this and more went wrong in their system. So a fork is usually only a treat when new software is released. (there are other ways, but less common) What happens when a fork is created: if the fork is seen as the incorrect version, all the coins created by the fork are becoming useless and all the transfers with that fork are turned back to the situation from where the fork is created. If the new fork is the correct one, then the same thing applies to the older version, but only from the moment the fork was created. So I hope it explains for some people how it works. The treat of having more then 51 percent in a pool has nothing to do with a fork. It has to do with approving your own transactions and create a way to do double spending. The threat doesn't occur that easy, but it has happened ones that an ex-member of a bitcoin pool has tried to do it, but he didn't succeed eventually. Anyhow spreading to different pools is important. A small risk is still a risk. At your service ... im gona have to correct you that, a fork in the case of blockchain will only happen if a change in the software pertains to the block validation rules. |
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DOGE was once in the range of 10-30 satoshi, all you need is a popular idea, movement or meme that unites people into a community for your coin to succeed.
and DOGE supply growth rate was much higher
Yea, I know. Was 50/50 buying LOT or DOGE whenthey were both @ 30. I chose wrong!  I'd say the pool's broken, glad people aren't wasting their electric on it anymore (hope the pool figures itself out though and we can work it again). Have to agree, there's something very wrong there. I pulled out earlier today but when +13Mh/s failed to crack it yesterday I kinda started quitting then & pulled my main rig onto Doge (to buy more Zees & generate some sell action) Quite willing to go back when it's sorted, still pledged to send my (potential) 25KZ to the CR victim Fund. 30Mh/s with 3Gh/s network should take 1hour to solve a block |
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people keep voting on mintpal and vote on cryptsy if you have not already https://www.mintpal.com/votingif any needs something to trade in order to vote i can send some DOGE premine 1% ~990000000 week 1 targeted 12600000000 actual 14802705645 ~17.5% above target total 15792705645 week 2 targeted 6300000000 week 3 targeted 3150000000 week 4 targeted 1575000000 week 5 targeted 787500000 week 6 targeted 393750000 actual for week 2 is 7252043336 ~15.1% above target |
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DOGE was once in the range of 10-30 satoshi, all you need is a popular idea, movement or meme that unites people into a community for your coin to succeed.
and DOGE supply growth rate was much higher
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time, we have had only 2 halving, 3 more to go
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The bigger problem is that no other pools are even advertising in the thread here! They should be doing more to put themselves in front. It's tough when we not only have to handle the maintenance of our pool, but also add code to make it smaller?  As for any risks of a fork, there's an exceedingly low chance of this happening. I think people are scared of what happened with DogeCoin, but that was specifically due to some bugs in the wallet code that made the fork survive. Half the pools/exchanges were on one wallet, and the other half were on another. We'll continue to monitor things, and if we see anything dangerous happening then we'll shut off a couple of our stratum servers temporarily to bounce people to other pools. That's the easiest way, since writing our own worker banning algorithm would take a LOT of work. I'd like to make additional point about this from my previous post. I've felt that mining pools are an area where some regulation could be required if they're unwilling to regulate themselves. We have to ensure that pools don't end up with more than 51% of the hashing power (even with PoW/PoS hybrids) if only because of the FUD surrounding such a thing. If pools would like to avoid governmental regulation which would SUCK for everyone, then they have to find a way of regulating themselves. Having a mechanism available to automate the process of shutting things down/kicking miners when required would certainly help with this. I'm not saying HashStrike have to do this now, that it's their responsibility to fix the Crypto world or anything, however, it would certainly be a good promotional tool to get themselves a consistently high share of the power for whatever coin's supported (even if only for a while until others implement it too). Anyway, yea. Someone should work on a system, whoever it is! this would need to be implemented in this https://github.com/Crypto-Expert/stratum-miningi sent a request, they can implement much quicker then i could since they are familiar with their own code, altho i might give it a shot if nothing happens in a few days. |
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It means I realized if you're willing to lose a fan of Zeitcoin then the everything is clear how to be friends it help donation to various funds and promotes the idea of how to help a fan of so will go up hence invite your community Zeitcoin I even see your side
we can never be sure what you are saying |
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this 21btc buy wall is pissing me off i wanna buy at 1sat and then it must shoot up to 10 hahah sigh This! and FYI, we're looking into an issue with payouts, it should be resolved shortly. Thank you!
Payouts are running again! please implement worker disconnect algorithm to maintain sub 30% network hashrate This too would be really great. Would need to average out the net hashrate over a period of time ofcourse though, net rates fluctuate so much for all the reasons I'm quite sure you know The bigger problem is that no other pools are even advertising in the thread here! They should be doing more to put themselves in front. It's tough when we not only have to handle the maintenance of our pool, but also add code to make it smaller? As for any risks of a fork, there's an exceedingly low chance of this happening. I think people are scared of what happened with DogeCoin, but that was specifically due to some bugs in the wallet code that made the fork survive. Half the pools/exchanges were on one wallet, and the other half were on another. We'll continue to monitor things, and if we see anything dangerous happening then we'll shut off a couple of our stratum servers temporarily to bounce people to other pools. That's the easiest way, since writing our own worker banning algorithm would take a LOT of work. this guy, i like this guy! need more people like him in this game. Agreed. I can only recall seeing HashStrike active in this thread (I don't follow many coins) and he's been exceptionally good and active. The points made are entirely valid, it's not the job of ONE POOL to manage the hashrate of entire currency. The problem does still exist though, regardless of what the possibilities are of a single pool having such a large percentage of the hashes, it doesn't look good and just adds more ammo to the FUD spreaders. Those here who CBA, could you (along with myself) try to contact the other pools and get try to convince them to be more active here. I really want to jump on Hashstrike to support them due to Tri's presence here but I won't because of hash balancing, but I know there are plenty of others who won't think twice about joining them and exasperating the issues. unfortunately this is a problem that will only be solved with mechanisms in place most miners dont have any allegiance to the coin they mine we could solve this on two fronts to prevent corruption both miner software and pool software needs to be network hashrate percentage aware and have mechanisms to alert or force action since some coins have difficulty adjustment interval as low as 30 seconds, automatic forced action would be the better default choice |
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this 21btc buy wall is pissing me off i wanna buy at 1sat and then it must shoot up to 10 hahah sigh This! and FYI, we're looking into an issue with payouts, it should be resolved shortly. Thank you!
Payouts are running again! please implement worker disconnect algorithm to maintain sub 30% network hashrate This too would be really great. Would need to average out the net hashrate over a period of time ofcourse though, net rates fluctuate so much for all the reasons I'm quite sure you know The bigger problem is that no other pools are even advertising in the thread here! They should be doing more to put themselves in front. It's tough when we not only have to handle the maintenance of our pool, but also add code to make it smaller? As for any risks of a fork, there's an exceedingly low chance of this happening. I think people are scared of what happened with DogeCoin, but that was specifically due to some bugs in the wallet code that made the fork survive. Half the pools/exchanges were on one wallet, and the other half were on another. We'll continue to monitor things, and if we see anything dangerous happening then we'll shut off a couple of our stratum servers temporarily to bounce people to other pools. That's the easiest way, since writing our own worker banning algorithm would take a LOT of work. could you point me in the right direction, i dont think it would be very complicated |
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this 21btc buy wall is pissing me off i wanna buy at 1sat and then it must shoot up to 10 hahah sigh This! and FYI, we're looking into an issue with payouts, it should be resolved shortly. Thank you!
Payouts are running again! please implement worker disconnect algorithm to maintain sub 30% network hashrate This too would be really great. Would need to average out the net hashrate over a period of time ofcourse though, net rates fluctuate so much for all the reasons I'm quite sure you know since difficulty adjusts every block, you would need to do it every block an attack could be done in the moment network hashrate drops dramaticly or you could have it over a time period but with immediate response to > 45% of network hashrate |
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when is the next halving? we should have a counter for noobs like me go in your wallet, Help->Debug Window enter getinfo in command line take the "blocks" number and divide by 2880 this will give you the number of days live, remove the number of days for the previous weeks and you have the number for how many days in this week you are 7 - that number = number of days left 41059 / 2880 = 14.257 14.257 - ( 2 * 7 ) = 0.257 7 - 0.257 = 6.743 days until next block reward halving |
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FYI, we're looking into an issue with payouts, it should be resolved shortly. Thank you!
Payouts are running again! please implement worker disconnect algorithm to maintain sub 30% network hashrate |
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Here's an interesting question...
(for anyone with the time & nous to work it out)
WHAT PERCENTAGE of all the currently-mined Zees are listed on exchanges & what % is being held in private wallets?
I think keeping a track of the ratio between the two will give a reasonable indication of how the concept of this coin being a 'keeper' is developing - how many of us ARE actually hanging onto our Zeit for the future.
Any takers?
Total issued: 21,108,590,104 Total aprox. in Exchanges (Mintpal and Coinex): 3,500,000,000-4,000,000,000 Percentage aprox. in Exchanges: 17-19%supply: 22959915867 run this in chrome console, while on trade pair page for ZEIT for mintpal function getMintpalZEIT() {
var total = 0;
$('#sellTable td.amount').each(function(index) {
total += parseInt($(this).text());
});
return total;
}
2183633957 for coinex function getCoinexZEIT() {
var total = 0;
$('tr.sellOrder td:nth-child(2)').each(function(index) {
total += parseInt($(this).text());
});
return total;
}
1914608552 so 2183633957 + 1914608552 = 4098242509 ZEIT 4098242509 / 22959915867 = 0.1785 Percentage in Sell Orders: 17.9%altho this is only listed orders, users may have amounts not in orders on the exchange In Coinex there are ZEIT/LTC and ZEIT/DOGE markets too... ZEIT/DOGE 6118464 ZEIT/LTC 126815927 4231176900 / 22984881599 = 0.184 Percentage in Sell Orders: 18.4% |
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Ok, i gonna have to sell my Zeitcoin, the risk is just to high for a fork in the chain and loosing all i have. Iam sorry ppl iam out.
It amazes me that almost nobody cares about what was said by this member! Les seems unimportant? Just one more comment? Is there any truth to this? Exists great risk of this type? not really, unless hashstrike is interested in doing DOS or double spending but i think a feature should be implemented in the pool software to do lottery style temporary disconnects to maintain sub 30% network hashrate |
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Here's an interesting question...
(for anyone with the time & nous to work it out)
WHAT PERCENTAGE of all the currently-mined Zees are listed on exchanges & what % is being held in private wallets?
I think keeping a track of the ratio between the two will give a reasonable indication of how the concept of this coin being a 'keeper' is developing - how many of us ARE actually hanging onto our Zeit for the future.
Any takers?
Total issued: 21,108,590,104 Total aprox. in Exchanges (Mintpal and Coinex): 3,500,000,000-4,000,000,000 Percentage aprox. in Exchanges: 17-19%supply: 22959915867 run this in chrome console, while on trade pair page for ZEIT for mintpal function getMintpalZEIT() {
var total = 0;
$('#sellTable td.amount').each(function(index) {
total += parseInt($(this).text());
});
return total;
}
2183633957 for coinex function getCoinexZEIT() {
var total = 0;
$('tr.sellOrder td:nth-child(2)').each(function(index) {
total += parseInt($(this).text());
});
return total;
}
1914608552 so 2183633957 + 1914608552 = 4098242509 ZEIT 4098242509 / 22959915867 = 0.1785 Percentage in Sell Orders: 17.9%altho this is only listed orders, users may have amounts not in orders on the exchange |
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your all forgetting that most miners on the network are not necessarly part of zeitcoin community, they dont follow this thread.
i think its the pool operators that are at fault here.
they should implement automatic lottery disconnect to maintain sub 30% network hashrate.
everyone should have failover pools.
i would not mind being disconnected from my pool in the interest of the coin im mining.
have it clear that your pool has this behavior and add an option for email notification if selected for disconnect and people wont panic.
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4.25hours until block halving
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7 hours until block reward halving
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Mintpal Tweet:
Well, that is amazing! A BTC block came in at 7:58 to swing it in Zeitcoin's favour! Congrats to them, market is coming soon. Unlucky EMO! |
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we havn't proven ourselves just yet, wait until we have a collaborative project platform
or dont wait and go out and do things in the name of zeitcoin
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