Come on man, every human being is this way. (there's a name for it) In the short run, they profit, in the long run, everybody loses. But if they don't profit now, others will take the quick buck and the original ones lose more.
It's how the world works.
http://en.wikipedia.org/wiki/Tragedy_of_the_commons |
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I had previously been using the windows binary. I just compiled the new update on Ubuntu but am finding that it makes 1 or 2 peer connections at most, downloads zero blocks, and then disconnects from those peers with 30 seconds or so, and remains at zero peers. Not sure what is going on.
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Are the 24 hour % delta and 7 day graph columns for market capitalization, price, or total coins? I assume the first (market cap), but it's a little ambiguous from the way you've ordered the columns. You might make that clear on the website.
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Bullshit.
Check the target time per block.
If the starting difficulty has been designed to ensure the first few miners rake in blocks way faster than the target tme, then you are not witness to the fact no pre-mine happened, you are in fact participating in pre-mining.
The whole scam is to deliberately use insanely low difficulty so that in very short time a huge pre-mine will be accomplished by those few people who get in on the pre-mine.
Once the difficulty reaches target, then maybe normal mining rather than pre-mining commences.
The start difficulty should be high enough that blocks will take far LONGER than target time UNLESS many miners get in on it.
Instead though the scammers deliberately set it way too low, so that an entire massive pre-mine can take place EVEN IF plenty of miners get in on it.
By recruiting miners into the pre-mine scam, they hope to basically bribe them into colluding with them in pulling off a huge pre-mine right in front of everyone's eyes.
-MarkM-
+1! Well said. |
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Anyone tried running the linux miner in a virtual os? just installed 64bit Ubuntu now to give it a try.
For what it's worth, I'm seeing about 120 khash/sec running this modded cpuminer in a Ubuntu 12.10 64-bit Virtualbox VM on a Win 7 host, off of a Phenom II X4 955 CPU oc'ed to 3.9 Ghz, allocating 4 cores at 85% execution cap. Earlier, on a Ubuntu 11.10 server VM on the same machine running the yacoind built-in miner, gethashespersec was bouncing around between 40 khash/sec and 60 khash/sec, although I was allocating a bit less CPU at the time (3 cores at 100% execution cap). |
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Y7HVEa41NTkUHYZZVVGZm4fiiAv3DrUGBb
Thanks.
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BTC, NMC, DVC, GRP, IXC, I0C, CLC, XGG
(XGG = GeistGeld).
MarkM, why is it that these SHA-256 coins can be merge-mined with BTC, but scrypt-based coins cannot currently be merge-mined on top of, say, Litecoin? Is it because Bitcoin devs have chosen to allow merge mining at some level but Litecoin devs have not? Or it is not a matter of "allowing" merge-mining, but simply that no one has done the necessary coding work? Or is there some other technical obstacle? |
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Can we implement a standardized numbering system to distinguish all the different false launches of YaCoin? I deem this Yacoin3.
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Cool.
Have you considered automating this chart and throwing it up on a website?
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BQC available for cheap now that people are dumping it at BTer.com.
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Meanwhile today's other new alt coin launch has already rolled onto page two of this forum.
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Imagine the multitudes at their keyboards peeing into bottles, afraid to run to the bathroom for fear of missing the narrow launch window of the next scam coin.
Anyway, I call a BitBar-style of release a "pre-mine". I think it is a fair term to describe the game being played. The public announcement of the coin in this forum followed by immediate frenzied mining doesn't come close to creating a level playing field...it's just designed to give the insiders' head start a thin veneer of credibility.
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I think you along with a lot of other people dont understand what a pre mine is so let me explain
pre mine = owner mines coin before going public
no pre mine = coin goes public before owner starts mining (which is where btb falls)
I think it's entirely fair to use the label "premine" for a coin like BitBar, launched as it was, with a graph like the one shown above. Insiders, aware that the coin is about be "made public" with zero advance warning, set themselves up to mine the lion's share of the coins in the first 20 minutes or so before most members of the community can reasonably be expected to download and install the client, set up a config file, or even check the forum if they have busy lives. |
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Is there a block explorer for BBQ?
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[PRIVATE PUSHPOOL SETUP GUIDE]
Thanks for the write up, Dreamwatcher! I'll have to give this a try. I can see how this would be useful during the initial stages of a new alt coin if the initial difficulty is low and blocks are flying by at amazing speed. Out of curiosity, how much of a performance gain would using a private pushpool offer when mining an established scrypt coin like Litecoin, versus mining straight through the litecoin daemon? Just a ballpark figure if you have any sense of it. |
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Just had 3 blocks in a row with my 400 kh/s rig.  But only 1 transaction in the gui daemon? Sorry I'm new to solo mining. It will take a minute or two to show up there, you'll see "Immature" : 200 or so (or 400 in your case) beforehand. Not if it got orphaned. See post #87, page 5. |
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but i think client is a little buggy, it count transactions but no coins?
Blocks that increase the transaction counter but showing up nowhere else are probably blocks getting orphaned (not accepted into the chain). You can see if this is happening by opening the console window (Help/Debug Window/Console) and using the "listtransactions" command. Any transaction that shows up as category "orphan" is, unfortunately, an orphaned block that results in no coins for you. |
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Is anyone able to solo mine this coin with a low hash rate, e.g., 1 GPU?
I can run the client, and point cgminer to it successfully, but everytime cgminer reports an accepted share, the client drops all 8 peer connections for a minute (they slowly return). No transaction ever shows up on the client. This has happened maybe a dozen times.
I guess I'm giving up on this coin.
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Why is the bbqcoin github talking about litecoins? https://github.com/Cubox-/BBQCoin/tree/master/docIs https://github.com/Cubox-/BBQCoin/ the official bbqcoin tree? I have only 3 connections at the moment and 86424 blocks downloaded, but the difficulty is at 0.00006395? How is this possible? Is bbqcoin a scrypt based coin, which was forked from litecoin? EDIT: I am now at 0 connections about 1 hour later. Does anybody know the default port for bbqcoin? I tried the BBQ client a few times over the last few days and had trouble keeping connections. They would periodically drop to zero. |
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So I poked around with solo mining BBQcoin a bit, as I've never tried solo mining any coin before, and I found that almost every block that I found is listed in the transaction log as "generated but not accepted" with 0 confirmations. I've also found that the BBQ client runs with 8-11 peer connections if I am not solo mining, but drops to 0-1 connections once I start mining. Can anyone explain what is going on?
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