769.5147 GH/s is really a huge number, considering that the hash rate of a single computer is 0.1-1MHash/s. This essentially means there are at least 769,000 computers are connected to the Quark network...
hm, a bit high isn't it? there must be another explanation. |
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congratulations to the new design of devcoin.org
That's what I wanted to see...
+1
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or maybe I misunderstood this.
Is EQ-Reward simply the name of the 1-million-coins-a-year period ?
Or is this something new that will be added?
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so we have the EQ reward coming up right
When will this come up, and is this already inspectable at github? Sorry but i still have to perfect my education... What is an EQ reward ?  Well, that's what I want to find out too, that's why I asked for some sourcecode. EQ supposedly is some kind of "fix" that will help create more incentives for miners to mine QRK (and therefore secure transactions) after we leave the 6month initial mining period, and enter the 0.5% per year mining period. http://forum.qrk.cc/thread/874/quark-secured-after-initial-distributionIf that is something new that will be added soon... I ask myself what is this that we have now?? How is the issuing of 1 million coins per year controlled at the moment, and how will it change once the EQ-Fix will be applied? Will the EQ-Fix simply add more money per year for the miners? Is that what I am reading between the lines? The miners have only one incentive: making money, and securing the money they already have. |
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very soon - in days and 100% yes we already have made changes and are making changes now - We have very Active devs - they don't like to talk but check out the next Wallet - : )
but they should talk more, lol  |
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not claiming "the best" mathematics just claiming as secure as Bitcoin - that's all -
people have personal differences about the SHA256 being designed by the NSA and registered with NIST - , but personally i don't find this a huge issue -
its a non issue for me -
i have always had a problem with the centralization - and distribution model =
I agree. Evolution is about surviving, and not about being the best. So while I think that qrk is interesting at the moment, I hope it will not end up as the Hors d'oeuvre of the upcoming t-rex coin. And about the NSA thing, to be honest I don't care. The whole early internet was largely based on US military research... and look what humanity has done with it. Government has created it's own biggest enemy. That's how it goes. So as long as something is open source and available for everybody to inspect I really don't care if some bad guys participated in it at early times (for whatever reason) Government bureaucrats never understand the future implications of some research they are doing... ofcourse not, they are not free market enterprises who have to understand something to make a profit. I see them as very well funded but inneficient goons, who are allowed to do all that because we have this taxation system based on force and coercion. But that doesn't mean that government mathematics can't be useful for us at a later moment. Science is science. Math is neither good nor evil, it's just a tool. |
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so we have the EQ reward coming up right
When will this come up, and is this already inspectable at github? |
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Please correct me if i'm wrong, but isn't Quark only as strong as the weakest of its hashing functions ?
No, the hashing functions are applied one after the other. The result of the first hash becomes the input of the second hash, the result of the second hash becomes the input of the third hash and so forth. So it's more like the layers of onion skin, and NOT like a chain (with a weakest link) so, in pseudo code: hash9(hash8(hash7(hash6(hash5(hash4(hash3(hash2(hash1(...))))))))) (now correct me if I am wrong) |
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Same audit he and many others can make for bitcoin, litecoin or whatever. In every coin existed right now you will find something that could be better, something that seems not right etc.
And another big fact to mention - this is all decentralized!! People (WE) decide what to buy for long term, what to pump, which to dump which to hold right now etc. We are the living organizm together that has its moods not necessarily consistent with the facts.
Yes, and although I think this community feeling is awesome and important.... if the underlying mathematics ARE FLAWED then community is pretty much useless. Remember, the reason why cryptos exist in the first place is because the underlying mathematics are an incredible breakthru for humanity. No need for central authority or trust. First priority is always sound mathematics.Second priority (once first priority is established) is a good community. You can't have the second without the first. But you can have the first without the second.  Let's imagine the bitcoin algorithm never appeared on the world stage... no amount of good-hearted community would have created this phenomena we see now. People created complementary currencies all the time in human history, but they ALWAYS faced problems like counterfeit and doublespend, and therefore never really were successful enough to challenge the status quo. So good mathematics is the enabler of cryptocoins. It's what makes the dream a reality, so a community of awakened people can grow around it. If you try and do that without mathematics, you are only creating a cult, a religion, based on wishful thinking. We have no ideal coin yet and without a monarchy or tyranny we will not have one coin that is "the best" in all.
Wait a minute. What will make a coin the best is free market competition and therefore a real tough evolution where only the best survives, and losers disappear. It has nothing to do with a monarchy or tyranny. I don't understand how you can spin it this way. |
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are people dreaming - post the problems and i will post how we have solved them : lets do this :
and then i will collaborate it into a post to put onto our forum -
you start - go grab a "problem"
ok. one problem that I thought about before and see mentioned in this article http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/is that QRK is somehow totally ASIC proof. I understand that ASICs are customized chips that can have ANY conceivable algorithm embedded in their circuit. Once an ASIC is created it can only do this one algorithm/task. ... but by no means is an ASIC limited to ONLY the sha-256 hash algorithm. So qrk does NOT use the sha-256, so far so good, so at this moment all worldwide available cryptocoin ASICs are NOT suitable to be used for the QRK-hashing algorithms, but there is NOTHING that can prevent an ASIC developper from designing a chip that CAN calculate the QRK-hashing algorithms, and then go ahead and order a 100'000 of those chips at one of the big chip manufacturers. It will cost a lot, alright. millions of dollars. So its not worthwhile to do that, at this moment . But what if QRK actually rises in price? What if one QRK costs 10 dollar sometime in the future? A smooth operator will see the chance of his life to create the QRK-ASIC, and he will probably be without competition for a year or two, mining away a big part of the million QRK that is available every year. A good return on investment. And what if ASIC designing and creation actually drops in price even more in the future? We see cpus and gpus drop in price all the time. ASICs will follow. Ofcourse I am only speculating here. But I am starting to suspect that the only thing that makes QRK ASIC-proof is its low price. AND NOTHING ELSE!PS, and ofcourse, the first QRK ASIC creator will de facto rule the network and can destroy it if he chooses to do so. But obviously he will not want to endanger his investment. But we will see a monopoly then. Disclaimer: I am a QRK fan. But some tough love is appropriate from time to time. The time of daydreaming and wishful thinking is now over. |
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Nothing. I think he really knows what he is talking about. Never heard such a clear explanation of the underlying problems with cryptocoins. Quark faces a lot of problems much like other cryptocoins do. Quark pretends to have solved a lot of those problems, but that is simply not the case. But that doesn't mean that other coins are "better"... it just means that no one has yet found the ultimate coin, and it is still an arms race to create the one supercoin that really has more security, stability and fair distribution. |
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Its weekend for them, i talk to carlos a few times and this new guy that they have hired. I will call them on monday and address all these questions. I have been able to get through to them everytime that i have called and they have addressed all issues that i had. Their production capacity is 50 units per day.
I dont know if they will be able to provide screenshots but i will try to ask them. The main quesitons i that HAVE they recieved the chips from their supplier yet? they are waiting on that right now or the last time i spoke to them ( 1.5 week ago). all else they said is ready and they will go full production mode one they get the chips. 1 batch will be effected do to the delay but the subsequent batches will be on time, given their production capacity of 50 units per day i think they can pull it off. however i will keep all posted once i do speak with them on monday 10am sharp their time.
I will make a post here regarding my conversation with them around early monday morning for western timezone, around 10am for European..i suppose..If you have questions, please list them here on my thread and i will right them down and see if i can get answers for them. and will post response here as well. cheers..
Thank you. I will call them soon too. They always reply fast, and always answer the phone. So no problem there. As you too wonder how we will be mining OTHER sha-256 coins with those devices, we should both try to find out how their specific proprietary drivers work with all the usual miners like cgminer etc. And how connection with pools will actually work. I asked them on the phone if I can hook up the device like an external USB device, and they said I would need to create my OWN driver to do so. So many people probably don't know that: This device will more or less ONLY work with the software from bitmine. Good look trying to use the device without their software, or compiling your own version of cgminer, etc... That's why I am so keen on finding out how their software will look like, and how I will be able to adjust specific mining parameters. How will they update their software? On what regular basis? I hope that everything will run absolutely automatic, me only entering the pool connection data (url, workername, password), no matter what coin.... But I am not sure yet. I think bitmine themselves don't know how it will look like, because they don't have it finished yet.  |
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With the delay and hashrate moving up, its seems like this is the only option. If i get my ccdesk and that is IF i get it, i will try to mine BC given the hashrate at that time, if not then i will try to mine other coins, if that works out then fine, worst come to worst i will sell my ccdesk on ebay and make a profit that way(one time that is)..keep us posted on sha-256 mining for other coins. If i find something i will post it as well...cheers
Please call bitmine.ch and ask them for screenshots of the system software too. I wonder, have they atleast finished and tested the software? Or will this be a last minute build of some mashed up linux? I don't wanna be a beta-tester of such a system. So please everybody, ask bitmine to show us screenshots of the actual mining software. |
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Thanks for the feedback.. i will make the arrangement accordingly...but the price of bc is so low, i am scared that this project will be a loss. I might have to mine other currencies. Can Any one confirm that we can use the bitmine coincrafts for mining sha-256 algorithm for other currencies that use the same like name coin etc...
I asked bitmine the same on the telephone about 3 weeks ago. And they reassured me that ALL sha-256 coins can be mined with their devices. I have no idea how their web accessible linux will look like, I have seen no screenshots yet, they promised me screenshots sometime in the future. I will get mine first week of february (I HOPE!!!!!) and make extensive tests, with pics and videos. |
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Interesting that Bill said Quark was made after the NSA Snowden story. So the developer made it more secure to protect the people who using it. Very well thought
schmarrn Käsekuchen Schlagobers!!! |
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Anyone knows what time Bill Still on Keiser report starts?
http://rt.com/schedule/2013-12-19/I am not sure, Keiser report is repeated a few times a day. So I am not exactly sure if tommorow some of the earlier reports are reruns of tuesday episode. |
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Hey I want to use my quark-qt client as a rpc-server. But it can't connect from website. Here is the .conf file : listen=1
maxconnections=32
gen=1
genproclimit=-1
server=1
rpcuser=quarkwallet90mo
rpcpassword=qrkwltrytest
rpcallowip=*
rpcport=8910
daemon=1
addnode=54.213.97.180
addnode=192.241.211.11
addnode=173.255.242.98
addnode=221.178.203.197
addnode=60.173.10.231
addnode=68.43.213.108
addnode=85.56.195.134
addnode=94.132.13.38
addnode=37.139.14.104
addnode=123.244.30.36
addnode=124.126.239.6
addnode=110.190.221.165
addnode=182.141.71.85
addnode=222.175.21.147
addnode=178.22.67.205
addnode=162.105.146.245
addnode=88.204.169.242
addnode=121.199.52.186
addnode=198.50.233.8
addnode=203.32.9.70
addnode=198.199.116.69 Is there a mistake ? Well, you are not supposed to use your quark-qt client as rpc-server, but the daemon. The file named quarkcoind
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 Tomorrow will be an interesting day That's really cool; Thanks for using my rendered coins in it. this quark community is full of good ideas, that's why it will succeed, this btc crash is just a bump, business as usual i say.
exactly2... I can't imagine where we will be in only 6 months.
May we live in interesting times, as the "curse" says. |
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I hate it when I am forced to look at the price charts 24/7 like a forex daytrader.
I love it. I gave up trying to pretend that I wasn't going to do that a long time ago  Dont get me wrong, I loved it too (did some FX trading some years ago, learned technical analysis etc), until it started to cut into my social love and dayjob. THAT's when you start to hate it. :-) So now I look to trade with a more longterm perspective, no small bets, but rather big longtime bets. And I always look out for promising undervalued stuff (that's why I am here in the forum all the time)... What good is daytrading when it doesn't make better return on investment than one guy who just bought coins a few months ago and now sells them for 100 times the price? Why waste time. Just my 2 cents. |
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Or sell now, let it fall and buy back in lower = more QRK
mmhyes but I am not so good at catching falling knives.  I am more the "dollar cost average" guy, and will buy the dip. That works too. That's how I built up my BTC reserves. Hey, if it works for you, with a few smart sells and buys within the last 3 weeks, someone could have multiplied his QRK by 10. But I can't live like that, I hate it when I am forced to look at the price charts 24/7 like a forex daytrader. So I am trading QRK (and other coins) much like I would trade gold and silver: buy and hold. The time to sell will be crystal clear one day. Like boom shakalaka clear. |
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