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3341  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] [FASTER!] Mining PrimeCoin using DigitalOcean (VPS) on: July 14, 2013, 09:52:17 PM
listtransactions only lists, by default, the last ten. So that script needs a tweak to keep counting past ten I think.

-MarkM-
3342  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 14, 2013, 06:18:20 PM
Much better than making yet more new coins is pick some old one that is insanely low difficulty such as Fairbrix or CoiledCoin or GeistGeld or whatever others that aren't sprining to my mind right now, mine them quietly for however long it takes you to build up a nest-egg you think will be a decent wage once you have brought the coin up to date and back into the limelight, then instead of cloning a more-recent code version to some new name, simply clone whichever of these old coins you have racked up a nest-egg in.

It is surely no harder, and probably much easier, to cut and paste something to make a newer more up to date version of one of these than to cut and paste to make some previously unheard-of coin.

For example i0coin and geistgeld both are crappier code than groupcoin, but are basically identical to groupcoin except for port, name, IRC channel and so on, all the things the cut and paste kiddies cut and paste to make a previously unheard of coin that they would have to pre-mine to equip themselves with a nest-egg of.

Plus all these old coins come equipped with lots and lots of holders who will be eager to jump aboard a newer client that doesn't crash daily (i0coin) nor eat massive amounts of RAM (i0coin, geistgeld) nor use some weird config file and data directory setup (fairbrix). Just like BBQcoin's old time users jumped aboard and brought it back into the limelight, the same can easily happen with other long-established coins that have gone through a long phase of allowing even the smallest miners to easily mine them. (Has anyone helped the small miner more than BBQcoin did? Other than bitcoin itself back in the day?)

(Fairbrix you'd take the newest litecoin, maybe wait for a new one to come out first even, and cut and paste from that.)

Heck, i0coin used to be on bitparking's mmpool, my acount there still has my wallet address for it, clone a client for it from groupcoin and very likely it'll go back onto bitparking, and heck maybe their exchange for it is still sitting waiting for its comeback too..

-MarkM-



The problem is the A sic issue, most of us are gpu miners. So most would go for scrypt.  

Then you don't get it I think.

1) Pick up shitloads of the coin really easy because all the big farms consider it beneath their notice.

2) Bring it back into the limielight.

3) Whether its all the massive GPU farms or all the massive botnets or all the massive ASIC farms that jump on it you don't care, you ALREADY GOT YOURS.

TL;DR by the time the ASIC owners jump on it they'll merely be making your stash more valuable. The plan is not to mine it once other people do, the plan is to mine it now while almost no one else is, then only once you have your stash of it do you bring it to the limelight for others to jump all over it due to the new client you put out for it or whatever.

Personally i have been content so far to wait for the merged mining patches to be applied to an up to date bitcoin rather than bother hacking groupcoin to make fixed i0coin and geistgeld simply because the longer that takes the larger a stash i will have when it happens. as long as difficulty is low there is no hurry, in fact the longer it takes the larger the stashes the people mining at the super-low difficulty will have come the time for payday, and maybe also the more actual individual people it will be that will have benefited from all of this by getting in there while the difficulty IS low.

(Basically this is huge opportunity for small miners, because they might have a long long time yet of being able to mine at insanely low difficulty before the big farms jump in and oust them, by which time they will already have their stash and be looking forward to being ousted aka to payday. As I have mentioned before, BBQcoin already showed this in action. It is awesome for the small miners who take advantage of the large miner blindness-to-low-difficulty-chains-not-on-exchanges by getting in there and mining before presence on exchanges causes the big miners' scripts to notice "holy cow that is insane profit I need to rape that"...)

As a small miner what you need are chains that are insanely low difficulty and not on exchanges, because if a coin is not dropped by exchanges when it is low difficulty the scripts looking for most profitable coin will notice and have the big farms jump all over it, driving the difficulty way up until it is not profitable then abandoning it. And not newly launched, because even the most shitty crapcoins of all get jumped on at launch still despite or maybe mostly because everyone knows they are pump and dumps so they all need to pump fast to dump fast.

-MarkM-
3343  Alternate cryptocurrencies / Altcoin Discussion / Re: GPU MINING PRIMECOIN on: July 14, 2013, 06:05:42 PM
I can cofirm this! Rewrote and modified Cgminer code myself a week ago and currently mining at about 100k pps with my 4 x 7950 cards. Dont wanna share or sell this yet, because I want to have about 20k of prime coins first.  Cool

Wow that sounds like some really poor GPU-code you got there.

-MarkM-
3344  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 14, 2013, 05:43:33 PM
Much better than making yet more new coins is pick some old one that is insanely low difficulty such as Fairbrix or CoiledCoin or GeistGeld or whatever others that aren't sprining to my mind right now, mine them quietly for however long it takes you to build up a nest-egg you think will be a decent wage once you have brought the coin up to date and back into the limelight, then instead of cloning a more-recent code version to some new name, simply clone whichever of these old coins you have racked up a nest-egg in.

It is surely no harder, and probably much easier, to cut and paste something to make a newer more up to date version of one of these than to cut and paste to make some previously unheard-of coin.


For those not planning to (or not able to) add any new features, this is a fine idea. 

You can add new features too. First just update the client get it on exchanges to raise cash to pay for adding more nifty stuff to it...

-MarkM-
3345  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: July 14, 2013, 05:42:17 PM

Which is why one grabs the dirt cheap low difficulty coins and holds them until the difficulty increases thus raising that ceiling.

(Also known as hold until the botnets get up and running?)

-MarkM-
3346  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 14, 2013, 05:07:32 PM
Much better than making yet more new coins is pick some old one that is insanely low difficulty such as Fairbrix or CoiledCoin or GeistGeld or whatever others that aren't sprining to my mind right now, mine them quietly for however long it takes you to build up a nest-egg you think will be a decent wage once you have brought the coin up to date and back into the limelight, then instead of cloning a more-recent code version to some new name, simply clone whichever of these old coins you have racked up a nest-egg in.

It is surely no harder, and probably much easier, to cut and paste something to make a newer more up to date version of one of these than to cut and paste to make some previously unheard-of coin.

For example i0coin and geistgeld both are crappier code than groupcoin, but are basically identical to groupcoin except for port, name, IRC channel and so on, all the things the cut and paste kiddies cut and paste to make a previously unheard of coin that they would have to pre-mine to equip themselves with a nest-egg of.

Plus all these old coins come equipped with lots and lots of holders who will be eager to jump aboard a newer client that doesn't crash daily (i0coin) nor eat massive amounts of RAM (i0coin, geistgeld) nor use some weird config file and data directory setup (fairbrix). Just like BBQcoin's old time users jumped aboard and brought it back into the limelight, the same can easily happen with other long-established coins that have gone through a long phase of allowing even the smallest miners to easily mine them. (Has anyone helped the small miner more than BBQcoin did? Other than bitcoin itself back in the day?)

(Fairbrix you'd take the newest litecoin, maybe wait for a new one to come out first even, and cut and paste from that.)

Heck, i0coin used to be on bitparking's mmpool, my acount there still has my wallet address for it, clone a client for it from groupcoin and very likely it'll go back onto bitparking, and heck maybe their exchange for it is still sitting waiting for its comeback too..

-MarkM-
3347  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: July 14, 2013, 03:38:51 PM
Solar power is worthwhile, it pays for itself in a decade or less. Mining probably should end up very similar I would expect, so that mining using solar power could help you pay off your solar gear faster or help you eke out a longer useful life from your mining gear.

But i guess others would say heck with wasting your solar power on out of date mining gear, if the mining gear wouldn't pay for itself without the low power price your solar gives you then you should upgrade it so you aren't wasting your solar power on inefficient mining gear?

Since people do bother installing solar despite it taking years to pay for itself, oughtn't it make sense that people will similarly install mining gear even if mining gear will take years to pay for itself?

So maybe if you are running into power costing too much, you could consider throwing up some windmills and/or solar panels or something instead of more mining rigs?

-MarkM-
3348  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Anyone thinking of stopping mining for now (high difficulty, low bounty). on: July 14, 2013, 03:29:40 PM
Well if it is cloud instances we are up against home users should be able to operate cheaper than they can, it is probably botnets we really need to worry about...

(And rogue sysadmins, if you don't consider them basically just a species of botnet.)

-MarkM-
3349  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM] Anyone thinking of stopping mining for now (high difficulty, low bounty). on: July 14, 2013, 03:25:17 PM
How much does your electricity have to cost per prime per second in order to be cheaper than renting virtual machine instances on the cloud?

-MarkM-
3350  Alternate cryptocurrencies / Altcoin Discussion / Re: How can developers make a decent return for their work in crypto currency on: July 14, 2013, 03:23:16 PM
You don't have to open source, it is BSD license.

RUC for example the only code I have been able to find is way the heck out of date, they have not been releasing code for a long long time as far as I know.

Which of course means they are not decentralised, they are centralised; no one else can keep the bugfixes etc coming if they choose not to, nor even check what they are really doing under the hood.

But its legal, and every once in a while rumours are briefly encountered indicating some idiot(s) somewhere actually use it.

-MarkM-
3351  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin High Performance on: July 14, 2013, 03:17:02 PM
for some reason ec2 images while the will run, and look right, do not seem to find blocks, so you have to do ever instance from scratch....

How identical are images? Is even the entropy pool imaged, for example, so that they all pick the exact same "random" nonce and sequence of transactions and coinbase contents, thus all orphan each other since they are all mining the exact same block in a race to see which of tem mines it first, the rest being orphaned?

-MarkM-
3352  Alternate cryptocurrencies / Altcoin Discussion / Re: New Coin Launch: Miner's Coin: Nuggets (NUGs) on: July 14, 2013, 11:05:42 AM
What is the starting difficulty?

-MarkM-
3353  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] yacoin: yet another altcoin. START is now. on: July 14, 2013, 08:49:33 AM
WHat's the price for YAC now?

On which exchange?

-MarkM-
3354  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:45:57 AM
I just dont understand why it doesnt catch on.(Im glad it doesnt.)  It blows my mind why people want to make a few cents a day instead of taking a risk and mining something that could make them a small fortune in the long run.

Sour grapes! Tongue

You are glad it doesn't because you still haven't gotten around to pointing a core at each, so there nyah nyah nyah, you snoozed you losed, keep on snoozing to keep on losing, fine, all the more for my cores! Tongue Cheesy

-MarkM-
3355  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:38:12 AM
Maybe because all those dead coins most likely have premine, so if you bring those coins back to life, you are benefiting the devs who primened.  Cheesy

Actually, if he really has some great ideas of what to do with a pre-mine, then maybe some of those old pre-mines might not have to be thrown away like novacoin did.

Lolcust had, last I heard, pretty much decided to throw away the 7 million Tenebrix that had been put aside to make a huge 24/7 mixer to help anonymity since people apparently aren't that interested in anonymity, but hey if there really is some great use for a pre-mine maybe lolcust could be persuaded not to destroy quite all of it, instead putting some of it into some great ideas other than the apparently not such a great idea of having a huge mixer to make anonymity ubiquitous.

-MarkM-
3356  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:34:05 AM
Why dont you just mine one of the coins that are near death and then make them worth something.

It would probably release you of all the stress that releasing your own coin is causing you

Apparently working on the assembly line, such as by pointing one CPU-core at Tenebrix and, if he is rich enough to have more than one core or CPU, one at Fairbrix, is beneath him, because he is an idea guy not an assembly line worker who has to actually plug in a machine and start a mining program before going to the beach letting a machine do all the work.

Heck of it is, one core on each would probably yield more than 1% of each!

People made fortunes pointing one CPU-core at BBQcoin for a year last year, some of them had more than one core so also had one each pointed at Tenebrix and Fairbrix. Some might still have a core pointed at liquidcoin fergoshsakes.

But oh no, that is beneath him, he is an "idea guy", and I expect most actual-development fields know how useful "idea guys" are...

-MarkM-
3357  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:28:13 AM
It is not unreal at all, only scammers and scummy/scammy exchanges and pump and dump artists benefit from yet another crapcoin coming along.

Your crapcoin, someone else's crapcoin, it doesn't matter, any crapcoin will do.

So your "work" is not relevant, if you didn't make yet another crapcoin someone else would, so you are not needed and nor is your crapcoin.

A simple app/script could generate thousands of new crapcoins a day, so there is actually no need for crapcoin inventors at all, they can be automatically generated if only an actual dev bothered to actually develop a simple crapcoin-generator script/app.

Actual devs though are for some reason holding back from doing that.

Does anyone even wonder why?

-MarkM-
3358  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:10:46 AM
Just premine or take your 1% and be done with it. The fact you are making such a big deal about this just proves that you know its not the right thing to do. The whining has overstayed its welcome. You are getting ridiculous man. At this point it feels like begging and we are not going to throw you a pity parade. Take your cut or don't. I really don't think anyone cares anymore. Youre going to kill your coin before you even launch it if you keep this baby shit up

I'm trying to find the best solution for everyone and you're still not happy?  Sad.

Bullshit, you are trying to find a coin you can get 1% of, and so determined to do that that you are even willing to commission the creation of yet another crapcoin if that is what it is going to take to get you 1% of a coin.

-MarkM-


Of course I'm trying to get paid.  Are you and unthinkingbit working for free?  Is 1% so much?  This is absurd.  Show me one dev making less than 1% including all the Insider buys and back door schemes.  Nobody does this for free.

You know, nevermind, nothing but haters and jealous people in here looking out for their own self interest.

I have to apologize for earning 1%?  Anahaaaaaa.  When hell freezes over.

I'll leave it as a premine since no matter what I do the haters come out with a new excuse.

Do some actual work. Work that actually needs doing. You only need about 1.1% of the shares in devcoin each cycle to be getting 1% of devcoins for as long as you continue doing the work, but instead of doing actual work you instead are being a forum troll and trying to be yet another scamcoin-artist, none of which is work any more than bank robbing is work or mugging is work or pickpocketing is work.

The only people that want your "work" done are the rest of the team of criminals who all profit from the "job", its like you wanna be a safecracker and all the other people in on the bank heist think having a safecracker would be good because they happen to be more into the shooting the guards or the driving the getaway vehicle or whatever other parts of the whole big scam.

-MarkM-
3359  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 08:01:19 AM
Just premine or take your 1% and be done with it. The fact you are making such a big deal about this just proves that you know its not the right thing to do. The whining has overstayed its welcome. You are getting ridiculous man. At this point it feels like begging and we are not going to throw you a pity parade. Take your cut or don't. I really don't think anyone cares anymore. Youre going to kill your coin before you even launch it if you keep this baby shit up

I'm trying to find the best solution for everyone and you're still not happy?  Sad.

Bullshit, you are trying to find a coin you can get 1% of, and so determined to do that that you are even willing to commission the creation of yet another crapcoin if that is what it is going to take to get you 1% of a coin.

-MarkM-
3360  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP!!!!! Premining HELL - Need HELP!!! on: July 14, 2013, 07:55:24 AM
Maybe forum trolls should get 1% of all coins of all chains, since they too work really hard wasting people's time doing work best left un-done...

-MarkM-
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