Bitcoin Forum
June 22, 2024, 07:53:22 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 [174] 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 »
3461  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 03, 2014, 04:49:41 PM
Hashes @coinmine safe? Cant access the pool, but my miners getting accepted shares. Anyone to clarify?

there was a post earlier to say its now working and they are trying to get website going.

Thanks bro, do you know whats that 45.8% unknown pool at the pools hashrate chart?

It's not a pool. It's all the hashrate that comes from other sources, beyond the known pools. If you solo mine, if you have a big rig, if you have an unlisted pool, it's all in the "unknown" pie slice.
3462  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL on: May 03, 2014, 12:57:07 PM
I think that from the get go, the N factor schedule is too slow...gives time to ASIC manufacturers to catch up eventually, and it also heavily favors miners invested in high end r9 280x/7970/7950/r9 290 cards, ergo big farm owners.

On the other hand a higher n factor (or faster changing one) would make lower end cards with higher shader to vram size ratios better, or at least much closer to r9 290 performance, which in the end would be better for descentralization if it helps spread the mining power between people of different social classes, not everyone can afford to buy high end gpus and powerful psus to build a sustainable mining rig.


GPU Advantage:
http://cpucoinlist.com/

Somebody is able to calculate Vertcoin GPU advantage for every N value?

every N value better than 4.6 GPU advantage, what is Darkcoin level
- would be acceptable for us, I suppose...


GPU advantage for DRK is ~3 to 3.3, not 4.6 - assuming top-end maxed out cpu* vs top-end maxed out GPU**.

*6-core i7 / 12 threads ~4.5GHz ~880kh
**290x ~2.7 - 2.9MHs


And what about Vertcoin? For next N values?


No idea, someone must test it.
3463  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 03, 2014, 12:45:53 PM
Is it possible that people rape X11 with their FPGAs?

That would explain the 2 guys with 1.2 and 1.8 GH/s I saw once on a DRK pool.

https://bitcointalk.org/index.php?topic=586407.0

@Dev: are you planning to change the algo?

Either CPU botnets or large data centers. I saw them once hitting 8.6 GHs of the network.
You'd need 500 R9 280x to mine @ 1 GH/s, or ~25000 average botnet CPUs.
FPGAs (or even ASICs) are already here.
500 GPUs Smiley I don't think anyone has that much, at least I never heared about something like this.

I know of a GPU farm that pulls ~1GHs scrypt (~3 GHs x11 but he doesn't mine X11).

Btw, the above numbers of 500 x 280, can actually be heavily reduced with 290x (only 350 x 290x)
3464  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL on: May 02, 2014, 10:51:16 PM
I think that from the get go, the N factor schedule is too slow...gives time to ASIC manufacturers to catch up eventually, and it also heavily favors miners invested in high end r9 280x/7970/7950/r9 290 cards, ergo big farm owners.

On the other hand a higher n factor (or faster changing one) would make lower end cards with higher shader to vram size ratios better, or at least much closer to r9 290 performance, which in the end would be better for descentralization if it helps spread the mining power between people of different social classes, not everyone can afford to buy high end gpus and powerful psus to build a sustainable mining rig.


GPU Advantage:
http://cpucoinlist.com/

Somebody is able to calculate Vertcoin GPU advantage for every N value?

every N value better than 4.6 GPU advantage, what is Darkcoin level
- would be acceptable for us, I suppose...


GPU advantage for DRK is ~3 to 3.3, not 4.6 - assuming top-end maxed out cpu* vs top-end maxed out GPU**.

*6-core i7 / 12 threads ~4.5GHz ~880kh
**290x ~2.7 - 2.9MHs
3465  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 02, 2014, 10:04:15 PM
Interesting 24hr volume in cryptsy

DOGE/BTC    Dogecoin    365 BTC   
LTC/BTC    LiteCoin    220 BTC   
DRK/BTC    DarkCoin    181 BTC
BC/BTC    BlackCoin    117 BTC   
AC/BTC    AsiaCoin    89.4 BTC
WC/BTC    WhiteCoin    51.1 BTC   
MN2/BTC    Mining Contract 2    42.6 BTC   
ZET/BTC    ZetaCoin    30.6 BTC
VTC/BTC    VertCoin    24.5 BTC   
RDD/BTC    ReddCoin    21.9 BTC   
NXT/BTC    Nxt    21.3 BTC   
FTC/BTC    FeatherCoin    20.5 BTC
WDC/BTC    WorldCoin    19.0 BTC   
3466  Alternate cryptocurrencies / Mining (Altcoins) / Re: don't use X11,it can be mined by Scrypt ASIC or fpga on: May 02, 2014, 07:47:22 PM
I believe that, seeing how bad profitability of X11 coins is.

You believe what exactly? That scrypt asics do x11 coins? This is impossible. ASICs are designed to do something specific. Scrypt asics are designed to do scrypt, not x11.

As for FPGAs, they will do most CPU and all GPU mineable coins. Is this some kind of news? No.

As for profitability, try with electricity prices of 0.3-0.4$ / kwh, check again (with wattage /2 for x11 compared to scrypt) and report back.
3467  Alternate cryptocurrencies / Mining (Altcoins) / Re: don't use X11,it can be mined by Scrypt ASIC or fpga on: May 02, 2014, 06:27:06 PM
new update:
x11 coin can be mined by  Scrypt ASIC at this time.that's same to maxcoin.maxcon can be mined by AntMiner

An scrypt asic will do scrypt, not X11.
3468  Alternate cryptocurrencies / Mining (Altcoins) / Re: don't use X11,many peopel use fgpa mining X11 coin on: May 02, 2014, 06:25:46 PM
i am a china miner, i can tell all of you,many peopel use fgpa mining X11 coin in china.
that's why gpu miner can't get a good profitability for mining X11 coin.
the X11 COIN can't prevent fpga or asic.
X11 has been cracked by fpga at this time.
so it's not fair for gpu miner.
we must ban x11 coin


Care to show some kind of proof supporting your statement?

The fact that its almost not profitable to mine coins like DRK with GPU should sound an alarm.

It depends on the price of electricity. For many european countries DRK is the most profitable coin (or, the least loss-incuring coin) due to high electric prices.
3469  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 02, 2014, 04:15:50 PM
Kills me to think i bought 20 btccs worth at 38 when i could have gotten some at 28! lol oh well.

I got some at 0.44 on c-cex many months back so cant complain :p

The price will rise again soon, whales are making sure they get as many as they can at the cheapest price.

It kills me to see others are able to capitalize on this great opportunity with 20+ BTCs while I'm stuck with my measly DRKs. Grin Oh well. At least I've managed to get enough to try my hand at a masternode this weekend.

Did several jagermeister bombs last night. Came home and decided to buy a couple of BTCs worth of DRK.

Woke up today to find out I could have got them cheaper. Bloody multipools drifting down the price.

Lesson learned - don't buy anything while pissed. But I'm sure it will happen again.

No multipools, it's a whale exiting in waves of 20-30-40 btc dumps... up until 10-12 hours ago there was another whale buying from him - but the whale buyer(s) either seems to have run out of buying power or he/they have figured out the guy exiting and selling low and thus go lower too to maximize the DRKs they buy.


Damn! I need a "crypto trading 101" class or something. Can anyone reference any good reading on the subject?

summercoin has an x11 multipool - and I think DRK was one of their targets

Nothing changes in term of fundamentals. DRK has very low inflation to be bothered by multipool dumping. Even if a multipool mined 1/4th of all DRKs it's like 6 BTC (@ 0.003). Whales here are moving with like 20-40 BTC batches. The buying whale saw the trend reversal on 260 as it got 270 etc and then placed 20 BTC buy on 285. I bet he was hoping to buy @ 250.
3470  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 02, 2014, 03:20:38 PM
Kills me to think i bought 20 btccs worth at 38 when i could have gotten some at 28! lol oh well.

I got some at 0.44 on c-cex many months back so cant complain :p

The price will rise again soon, whales are making sure they get as many as they can at the cheapest price.

It kills me to see others are able to capitalize on this great opportunity with 20+ BTCs while I'm stuck with my measly DRKs. Grin Oh well. At least I've managed to get enough to try my hand at a masternode this weekend.

Did several jagermeister bombs last night. Came home and decided to buy a couple of BTCs worth of DRK.

Woke up today to find out I could have got them cheaper. Bloody multipools drifting down the price.

Lesson learned - don't buy anything while pissed. But I'm sure it will happen again.

No multipools, it's a whale exiting in waves of 20-30-40 btc dumps... up until 10-12 hours ago there was another whale buying from him - but the whale buyer(s) either seems to have run out of buying power or he/they have figured out the guy exiting and selling low and thus go lower too to maximize the DRKs they buy.
3471  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 01, 2014, 09:41:24 PM
Only 24 BTC needed to reach 0.0020, time to cash out  Kiss

Cryptsy alone has 58.1 BTC buy orders to 0.00205.
3472  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 01, 2014, 08:45:59 PM
Well we need article comparison between darkwallet and darksend. Everyone here knows that darkwallet is a joke but the majority of people stick to btc .

You can't force BTC holders to use altcoins. The majority will still retain their BTCs.

DRK's potential is in the 1-10% market cap of BTC / BTC holders that'll opt for private coins. Which is... around 60-600mn USD.

Yes, but what choice do you have when darkwallet doesn't work ?

There are quite a few money laundering ways actually. It's just that they aren't seamless, like an anonymous coin.

Quote
Whether the value of DRK is 1% or 10% or modestly higher than BTC, I am still going to be content with that valuation.

Me too. I'm not greedy Cool
3473  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 01, 2014, 08:35:20 PM
Well we need article comparison between darkwallet and darksend. Everyone here knows that darkwallet is a joke but the majority of people stick to btc .

You can't force BTC holders to use altcoins. The majority will still retain their BTCs.

DRK's potential is in the 1-10% market cap of BTC / BTC holders that'll opt for private coins. Which is... around 60-600mn USD.
3474  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 01, 2014, 06:09:01 PM
Coin is highly unprofitable atm, I wonder why the difficulty still keeps going up

If I use 0.4$ / kwh in coinwarz (which is slightly lower to what I get right now in my tiered power bill - at almost 0.34 euro / kwh) DRK tops the lists as the most profitable coin. Actually the least unprofitable coin as I'd be mining at a loss if I continued - as they are all mined at a loss.

For 320kh scrypt / 1MH x11 / 160kh scrypt-n, it's DRK first -1.07$, HIRO second -1.08$, EXE/VTC -2.23$ and it goes up to -4.5$ for the least profitables.
3475  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 01, 2014, 09:36:36 AM
Here's the new schedule for development:

- RC2 (masternode payments, DGW3) : May 14th
- RC3 (1000 DRK limit and denominated change) : May 21st
- After this, I'll find someone to vet the code and open source.
- RC4 (Bugs, security issues)
- Testing, then opensource

New vote



From the previous vote (what will be the market cap of Darkcoin at the end of 2014), I interpreted the figures and guessed the value of each coin will be around $45 to $55 based on a market cap of ~$250m and around 4.8m coins in circulation (another guess). Results in the thread under valuation.

https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710

The question should be rephrased to reflect coin price instead of market cap.
3476  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 30, 2014, 06:40:48 PM
so many coins clone X11 algo
but the first X11-DRK only rise to 0.005BTC,and now it is only 0.0034BTC
does anything wrong?

http://coinmarketcap.com/

DRK is the #1 x11 coin by far at number 11 with 7 million $ marketcap.

Where is the second largest X11 coin?
3477  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 30, 2014, 02:43:31 PM
I was taking a look at coinmarketcap, as it used to be (by total market supply instead of available total supply)

1    Bitcoin   $ 5,675,363,838   $ 446.48   12,711,475 BTC   $ 17,190,403   -0.76 %   
2    Ripple   $ 533,385,837   $ 0.005334   99,999,993,871 XRP*   $ 41,086   -0.57 %   
3    SolarCoin   $ 481,538,645   $ 0.004913   98,016,297,700 SLR**   $ 730   +21.20 %   
4    Litecoin   $ 303,180,221   $ 10.85   27,943,154 LTC   $ 7,253,351   +4.71 %   
5    Peercoin   $ 46,225,802   $ 2.16   21,361,024 PPC   $ 196,631   +2.23 %   
6    Dogecoin   $ 37,510,523   $ 0.000498   75,263,046,439 DOGE   $ 1,172,229   +0.61 %   
7    Isracoin   $ 24,559,891   $ 0.050928   482,250,201 ISR**   $ 2,984   +8.90 %   
8    Mastercoin   $ 22,432,115   $ 36.21   619,478 MSC*   $ 16,351   +0.57 %   
9    Nxt   $ 21,478,341   $ 0.021478   999,997,096 NXT*   $ 29,861   -0.59 %   
10    Namecoin   $ 18,945,695   $ 2.19   8,639,782 NMC   $ 305,164   +4.70 %   
11    BlackCoin   $ 9,325,655   $ 0.13   74,519,095 BC*   $ 244,085   -4.82 %   
12    MaidSafeCoin   $ 6,940,191   $ 0.015336   452,552,412 MAID*   $ 13,646   -16.78 %   
13    DarkCoin   $ 6,524,787   $ 1.56   4,181,119 DRK   $ 65,626   +2.01 %   
14    Auroracoin   $ 6,268,711   $ 0.58   10,753,739 AUR**   $ 6,847   -14.28 %   
15    BitShares-PTS   $ 5,705,147   $ 3.49   1,632,955 PTS   $ 17,524   -1.49 %

...we're #13 on the old list and ahead of Aurora (used to have something like half a billion market cap... interesting how it tanked).

With the new list (by available supply) we are #11... and with the new list, excluding premined + non-mineable coins it goes #6:

1    Bitcoin   $ 5,675,363,838   $ 446.48   12,711,475 BTC   $ 17,190,403   -0.76 %   
2    Litecoin   $ 303,180,221   $ 10.85   27,943,154 LTC   $ 7,253,351   +4.71 %   
3    Peercoin   $ 46,225,802   $ 2.16   21,361,024 PPC   $ 196,631   +2.23 %   
4    Dogecoin   $ 37,510,523   $ 0.000498   75,263,046,439 DOGE   $ 1,172,229   +0.61 %   
5    Namecoin   $ 18,945,695   $ 2.19   8,639,782 NMC   $ 305,164   +4.70 %   
6    DarkCoin   $ 6,524,787   $ 1.56   4,181,119 DRK   $ 65,626   +2.01 %   
7    BitShares-PTS   $ 5,705,147   $ 3.49   1,632,955 PTS   $ 17,524   -1.49 %   
8    Quark   $ 4,611,082   $ 0.018609   247,794,210 QRK   $ 25,124   +2.43 %   
9    Primecoin   $ 4,259,206   $ 0.78   5,460,946 XPM   $ 19,988   -2.86 %   
10    Zetacoin   $ 4,238,175   $ 0.026425   160,385,076 ZET   $ 106,634   -2.72 %   
11    Feathercoin   $ 3,700,609   $ 0.08923   41,472,850 FTC   $ 13,603   +0.20 %   
12    Vertcoin   $ 3,334,443   $ 0.85   3,918,600 VTC   $ 14,346   +2.03 %   
13    Novacoin   $ 2,089,646   $ 3.11   672,629 NVC   $ 5,823   +0.04 %   
14    Infinitecoin   $ 2,061,494   $ 0.000023   90,518,136,381 IFC   $ 4,466   -2.41 %   
15    Megacoin   $ 1,947,178   $ 0.08377   23,244,200 MEC   $ 53,625   +0.99 %   

...not bad... and we didn't have nearly the pump that other coins have (like 10-15x) with only 2-2.5x increase.
3478  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 30, 2014, 01:14:31 PM
What is going on with the official pool (www.drkpool.com)? My DRKs disappeared after more than one month without any activity (login).

Send a pm to evan (eduffield) to check it out.
3479  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 30, 2014, 01:03:00 PM
You can calculate your daily profit at the private calculator: https://cointweak.com/calculator/coin/drk

Quote
Coin    Difficulty    Coin reward/day    Exchange rate BTC    Exchange rate USD    Revenue/day    Days to create 1 BTC
Darkcoin   476.7400     2.28491832     Cryptsy ฿0.00141435    0.633470267806    ฿52.12462    $1.45    309.44

Is it possible to track the avg diff of the last 24hr + the avg block reward and then autopropose these two values? Because with dynamic diff + block rewards, calculations can be way off with a static value.
Unfortunately I don't keep track of block reward averages, but maybe I can add it to the settings to use average difficulty and write a piece of custom code for Drk to re-calculate block reward based on that. Can't promise anything yet though, will have to look into it.
Hey, it took me a while (been really busy with all kinds of stuff) but I  finally introduced 24 hour average calculations. As you can see on the Drk calculator page I managed to find a way to adjust the block reward to the average difficulty https://cointweak.com/calculator/coin/drk

Hope this is what you meant. Smiley If anyone has any more features they would like to see contact me and I'll see if it will get added.

Nice stuff  Smiley
3480  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 30, 2014, 12:41:18 PM
But Darkcoin is not a scrypt-based.  I highly doubt their asic would work with x11. If asics did come it would definitely drive to block reward down to 5 and probably help the price that way... so it probably wouldnt be that bad tbh.  Even though I love mining x11 Sad

It won't work. They made the error of listing Darkcoin as an scrypt coin, which is not.

IMO Darkcoin will need a large number of privately-held ASICs to secure it. We, miners, tend to lose focus of the important thing which is network security, caring only about how our GPU should still mine the X or Y coin.

Darkcoin is not a meme coin, an animal coin, a country shitcoin or whatever the hell coin that nobody cares to attack it. It has a target painted on its back because it threatens the establishment's ability to conduct surveillance on money flows. As such we can bet that the NSA has already X11 ASICs ordered to be ahead of the game. It would be highly unlikely that with their multi-billion $$$ budget they would not have taken such a step.

The question is this: Do we want only NSA to have X11 asics and be able to 51% attack it at any time (or get the bulk of the issued new coins to use them for Darksend nodes), or is it more desirable to have a level playing field?

You can't have a bitcoin-killer that isn't secure or that has a potential security threat due to mismatched level of mining equipment between the adopters and some agency that has orders to destroy the currency, or cast shadows of doubt in its usability.

Ok, I like to mine DRK too with my GPUs but I'd take an ASIC-secured network anyday over me having my GPU to get my 1 DRK vs knowing the NSA has ASICs ready to make my GPU-mined DRKs worthless, along with the entire network.

99% of the coins out there pose no threat to the establishment and as such can toy around with cpus and gpus, knowing that nobody will attack them. Darkcoin doesn't have that kind of luxury. It will need all the hashpower it can get.

Since the NSA budget is effectively limitless,  a few regular Joes having ASICs is going to make no difference. The only way of keeping the network decentralised is currently by having many millions of CPU/GPU miners out there. We can't outspend them, but we do outnumber them.

If someone builds an ASIC for X11, hardfork the code and push out a client update. In fact since we have no direct way of knowing if someone has X11 ASICs, (although the nethash and diff would provide clues) a regular code change and client update would be a good idea.

Indeed they have a huge budget: They can even own BTC right now, if they wanted to, however there is an issue that depends on time. As time progresses, private resources increase and NSA resources have to keep up. There's a threshold when this will become impossible (as far as BTC is concerned) and a 51% will be impossible for NSA as the distributed power will be larger than what they can keep up with. This might be 2-3-5 years down the road.

Something like that can happen for DRK too, if private resources build up over time to exceed NSA resources. By going the GPU route you are toast because you give them an enormous advantage from the get go. UNLESS the algorithm cannot be accelerated that much with ASICs. We'll have to see how that goes.

Remember that anything that is GPU mineable is ASICable. The fork would not save us - it would only allow someone with ASICs to party over the GPU miners.

The only X11 fork that would be acceptable, to me at least, is something that ensures that it works only with a CPU. Like using multiple cpu instruction sets that are not in GPUs or ASICs. But even then Intel could be requested to make special chips for the NSA that are like 30x faster on X11 than common CPUs.
Pages: « 1 ... 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 [174] 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!