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They supposedly sold a whole bunch of "shares" recently for a lot of money, so there was already some worry they would take all that "invested" money and run. Looks like they have taken all the money on the exchange too maybe, just left the site running maybe to give them some time. No one seems to have heard from the management or staff, at least one other person hasn't received withdrawals, and no one claims to have received any since last week sometime...
-MarkM-
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It definitely needs new code. It tends to die every day or two due to boost doing an assert about the failure of a DNS lookup. I started it yesterday on another server and had to restart it twice ... and oops, now again: ************************
EXCEPTION: St9bad_alloc
std::bad_alloc
i0coin in ProcessMessage()
************************
EXCEPTION: St9bad_alloc
std::bad_alloc
i0coin in ProcessMessage()
************************
EXCEPTION: St9bad_alloc
std::bad_alloc
i0coin in ThreadMessageHandler()
terminate called after throwing an instance of 'std::bad_alloc'
what(): std::bad_alloc
I don't know what bad_alloc is really about, it is on a 24 gigs of RAM server, the other server is only 16 gigs and didn't behave like this. Basically all the merged mined coins all need a code update though. Some day in the not too too distant future some stable new version of bitcoin (maybe 8.2 ?) needs to have the merged mining patches applied to make a repo that each merged mined coin can then work from to update itself. In the meantime just restarting i0coin when it dies from the DNS lookup seems to work once it has the blockchain; this new install of it with the alloc problem maybe has never even gotten the blockchain yet or maybe the blockchain got corrupted when it died making it die over and over or something, -MarkM- |
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Is 0.23549786 IXC too small of an amount to sell on the PPC pair, or are the buttons not working?
I think the pairs it shows when you are not logged in are just made up, by comparing the real pairs or something, because once you log in there does not seem to be any way to get to them, if you go back to them you just end up logged out again. -MarkM- |
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So no one then? SInce late march not one withdrawal has actually been processed for anyone?
-MarkM-
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Maybe a lot of these scamcoins are being created by people who are quietly merged-mining all the SHA256 merged mine-able coins and just want to distract people from those to keep their difficulty low. If they make a few bucks on the scams too that is gravy of course but meanwhile they are raking in all the coins that might actually be able to be reasonably secured at really really low cost in electricity - zero electricity even since just the bitcoins part of the merge pays the electric and more...
-MarkM-
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Well with java there are things like Eclipse and Netbeans that go and get all the depenedencies (well actually heck don't need the GUI for that, as actually they use maven for that part) and so on, so pretty much anyone should be able to build java apps.
-MarkM-
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Okay so its a scam from the start then, original poster was just samming no intent to try to make something fair afterall.
Well so far Tenebrix and Fairbrix still seem to be mine-able with CPUs so we still have plenty of fairness left in the cryptocoin world, at least until GPUs start jumping on those too.
Also the merged mined SHA256 coins GRouPcoin, CoiLedCoin, I0Coin and GeistGeld all still have very low difficulty so even with just one GPU a person can rake in all four of those at once quite nicely still.
-MarkM-
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There are java libraries to do some of the fundamental internals so maybe find a java based bitcoin, or make one, and work from that?
-MarkM-
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The p2pool at http://dvcstable01.devcoin.org:10332 merges BTC, NMC, DVC, GRP, IXC, I0C, CLC and XGG but of course the p2pool software provides no way of paying out the secondary chain coins. So all it does right now for miners is act as a ZERO FEE pool. They get all the bitcoin automatically in the coinbases of the bitcoin blocks mined, A bounties have been offered by the DeVCoin project for tools to do additional payouts, so that for example the secondary coins can be sold for DeVCoins then the DeVCoins given out to the miners. But no such tools have been released yet. -MarkM- |
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There is already more maintenance work needed just to maintain the ancient coins that have already been with us for years than we every manage to catch up with so really it would probaboy be much better to work on the coins we already have then to keep spewing out more.
The merged mined coins might conceivably be able to be secured once everyone can easily get ASICs to secure them with (the early owners of ASICs seem to be the same old old-guard old-money folk who don't merged mine) but all the coins that need separate hashing power are more and more screwed the more of them there are since the total hashing power gets divided between more and more chains instead of shared by more and more chains.
(Though some slight sharing does happen from the chain-hoppers who hop to the lower difficulty ones provided the exchange rates make such hopping appear momentarily profitable.)
-MarkM-
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EDIT: Payza withdrawals went through tuesday night.
ORIGINAL POST:
Has anyone gotten any withdrawals from CAvirtex lately?
They are not responding to support tickets nor processing any withdrawals as far as I can tell...
-MarkM-
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who the hell is gonna wanna buy this shit lol
Not me. There is a hell of a lot more money in merged-mining all the SHA256 coins. I still use my CPUs to mine Tenebrix and Faircoin too now that BBQcoin is too difficult for CPUs just because doing that with BBQcoin tunred out so insanely massively profitable that I can well afford to wait for them both to do like BBQcoin did. (Like BBQcoin they are giving CPU miners month after month to collect coins easily with CPUs so are incredibly fair compared to these recent scam launches, because with Tenebrix and Fairbrix anyone who wants some can come get them real easy, no significant orphan rates just all day all night raking in coins with your CPU, its nice.) -MarkM- |
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He already launched form real.
He decided to just do another scam instead of fixing the initial difficulty as he said he would? Well if you are right what the fuck I guess people will keep getting scammed until they wake up, too bad though he bullshit lies (as you seem to be implying) about doing it right did sound good. Maybe someone will do a real one on of these years. Or actually maybe a real one is neither wanted nor needed since we already had more coins thatn we could actually maintain/support even before this flood of scams came along. -MarkM- |
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Powercoin is better.
Mine that instead?
preminecoin is just as bad if not worse. At least Elacoin has a dynamic block reward so those who start late in the game will have a much better investment than the "early adopter pump and dump make the dev rich" coins that every other dev has put out. As more hashrate is added to the network, the block reward increases. The early adopters for Elacoin are only getting a small amount of coins. That is total bullshit, there are three to five blocks per second, maybe more, so they are getting massive number of coins because of the insane number of blocks. At least 180 coins per minute, maybe 300 coins per minute, no one will get that later until difficulty is 180 to 300 if number of coins is equal to the difficulty. (Which it seemingly is not else at difficulty zero it would have been zero coins and at difficulties less than one, less than one coin?) So it is total pre-mine / instamine scam by someone who didn't wait for the author to get the proper difficulty code in place and a new genesis block in place for that proper starting difficulty (or code adjusted to not check difficulty of genesis block). -MarkM- Someone just posted it's only on block 6000, after being released for 7+ hours. If they are using the 1300 premined genesis block like you claim then at most 1300 coins were premined or "instamined" before it went out in the wild. The other 4700 would of been divided up by those mining during those first 7+ hours. By far the least amount of "Premine" and early adopter riches compared to any other alt coin right? When it launches for real with difficulty ten or more it will hopefully be high enough difficultly to hit its target time between blocks, or maybe even longer between blocks, right out the gate, and maybe really take off well due to actually being a proper launch not just another instamining scame. Give the guy time, he might be mining the genesis block instead of just coding to not check the difficulty of the genesis block. -MarkM- |
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Powercoin is better.
Mine that instead?
preminecoin is just as bad if not worse. At least Elacoin has a dynamic block reward so those who start late in the game will have a much better investment than the "early adopter pump and dump make the dev rich" coins that every other dev has put out. As more hashrate is added to the network, the block reward increases. The early adopters for Elacoin are only getting a small amount of coins. That is total bullshit, there are three to five blocks per second, maybe more, so they are getting massive number of coins because of the insane number of blocks. At least 180 coins per minute, maybe 300 coins per minute, no one will get that later until difficulty is 180 to 300 if number of coins is equal to the difficulty. (Which it seemingly is not else at difficulty zero it would have been zero coins and at difficulties less than one, less than one coin?) So it is total pre-mine / instamine scam by someone who didn't wait for the author to get the proper difficulty code in place and a new genesis block in place for that proper starting difficulty (or code adjusted to not check difficulty of genesis block). -MarkM- |
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The starting difficulty zero shows it is not the real coin, the extra delay was precisely because it was going to take him a long time to mine the genesis block with proper difficulty OR to change the code so it would not actually check the difficulty of the genesis block.
Someone evidently didn't wait for him to do that, just grabbed the old incomplete code from github and went ahead with that.
There are many blocks per second in the blockchain (many blocks with same second shown in their timestamp for each second) they are making with the crap off of github, plus it might also be another coin entirely as it seems to be looking for a lot of hosts that don't even accept connections on its port so maybe the code someone ran with doesn't even have the right handshake bytes and so on yet.
I guess looking on the bright side at least this means people have their start scripts set up and their ports configured and so on all ready to go when the real thing does launch...
-MarkM-
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GeistGeld has been running for years with 15 second blocks so it IS do-able, it just might choke up hard if it gets used a lot.
However so far there has not been much need for such fast block times so GeistGeld has just been humming along quietly in the background without seeing much use.
Maybe if there really is startign to be demand for fast blocks though GeistGeld use will pick up over the next while, and there will then be some incentive to update its code to use latest bitcoin code with the new database and so on.
-MarkM-
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Why dev dissappeared?  Maybe just another scammer, someone PM'd me that it was the original poster who claimed this scammy version is the real one? Maybe just some troll sent the PM though? -MarkM- |
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Is this a fake start from someone who hijacked the github or what?
The difficulty was going to be reasonable but sampling random pages from the huge thread it seems people are mucking around with some old code that the difficulty fix was not pushed to yet?
-MarkM-
Okay I checked the code, this is not the correct version yet at all, someone has gone running using the old original whatevercoin code they copied from, one of the >> 20 ones based on litecoin, the usual scam orphans difficulty, it is not even adjusted to bitcoin's >> 32 yet let alone an actually reasonable difficulty. GIve the guy time to make his real code, this hijacking his github just steals the name of his coin before he has even finished coding it. It might take him days to mine his genesis block if he doesn't make an exception for the genesis block in the difficulty checks but it will be worth it as we'll get a decent launch instead of yet another scamcoin. -MarkM- earlier we have a fight between MilkShake and Hazard.. cause everything was ready but Hazard premined 1300 blocks and he has to do everything again "sayed milkshake", and hazard sayed that milkshake was the one who premined... But everithing points on hazard... search for hazard coins.. that scamer just gets the code and launched a new coin, and leaked the code, screwing this release... now this is the real launch, cause the same milshake posted the github address on the 1st post, the big problem was, no executables on windows... someone just posted the "elacoind" but no qt, so many people feels bad, for me, i joined the pool. i really like the idea of this coin, i think is a good perspective, and a good incentive, the problem as always, the difficulty was too low, so many orphans... cheers Yes this is the wrong code, the real one the difficulty will start at "ten" or more on the getinfo, not sure how many >> shift that is but presuambly at least three more shifts than bitcoin's >> 32 which also would be way too easy these days. So maybe >> 35 ? Or >> 36 or more? The code on github has the same scammy >> 20 all the scams lately have been using. -MarkM- |
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The code on github isn't even the real code, it is just a copy of some >> 20 initial difficulty coin, the same scam value all the scams have been using to do the orphans scam.
The real ELAcoin presumably will have more than the >> 32 that bitcoin uses since even bitcoin's initial value is obviously way too low for today.
It was going to be whatever will show up in getinfo as ten ore more difficulty, so what is that, >> 34 maybe? or >> 36 ? Maybe more?
-MarkM-
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