New update: Josh responds to questions about who is designing the algorithm and what investors are involved in the project:

https://www.youtube.com/watch?v=yoy4_h7Pb3M

My concern is that this company regularly screws up daily pool payouts, which is just:
 (pool rate * MH - $0.08 * MH) * fraction of day mined

If they cannot handle  arithmetic, how can they create a new algorithm with complex ideas (interest, proof of stake, etc) and also make it secure? This seems like a really good way to donate lots of $$ to an army of hackers.

I'm not sure what the issue is with the new price point. I bought the ipo at 0.00125/share, I've been paid a total dividend of 0.00009348/share to date, so the ex-dividend price would be 0.00115652, right? And that's not including dividends paid between now and the first dividend of the second offering. A price of 0.0012 still provides value to initial investors, unless I'm missing something.

no, i compiled them using the instructions on the getting started page.

Thanks for trying to help, but I'm not going to worry about it. I've spent too much time messing around with it already.

Config file:

command line:

I was trying to fix my digital ocean mining and I read in a few places that maybe the 512 memory droplet suggested on the getting started page wasn't enough. So I made a 1gb droplet to test it out and i'm still getting the same output:


1 miner threads started, using 'neoscrypt' algorithm
Starting Stratum on stratum+tcp://stratum.pxc.theblocksfactory.com:3332/
Stratum requested work restart
Segmentation fault (core dumped)

Anyone know what I'm doing wrong?

newbie question here - I just started playing around with cpu mining, and I was trying to use digital ocean to mine phoenixcoin using the "getting started" tab on theblocksfactory website. My knowledge of linux is from 2 computer science courses 12 years ago, but I was able to fight my way through and get minerd installed. I'm trying to run and I keep getting this:

https://i.imgur.com/9tB912h.png

Any idea what I'm doing wrong?

I agree NeonTranceBadger - right now it seems like hashpoint mining is a great way for gaw to not pay out bitcoin while they lease your hashing power to someone else.

Also agree with jonnybravo0311 - since the maintenance/payout = .727 > .33, it would make sense to mine hashpoint now and use it to pay for maintenance in the future. but if the ratio is ever back below .33, keep the zenpool mining.

I sold BryanK a block erupter blade. He transferred the payment into escrow immediately after we settled on terms, and he authorized the release of the payment shortly after receiving the shipment. Overall a painless transaction. Thanks, Bryan.

I have one i can give up for .35btc, shipping included if you're in the US. I've been using it for 2 weeks but my home network keeps going down when i'm at work so it's not doing too much for me. No PSU or fans included. I can have it in the mail on Wednesday.

Here's the current breakdown. I don't think anyone's been close to 50%:
https://blockchain.info/pools

I just joined this forum, but if this is the quality of posts that you get here, I'm really going to enjoy this.

Major newbie here.

Trying to connect to bitminter stratum server. I'm executing "mining_proxy.exe -o mint.bitminter.com -p 3333" and it starts up fine. Once I start mining I get an error that keeps repeating:

'rotocolException: Cannot decode message 'POST / HTTP/1.1

I don't understand how it's going through http and not stratum? The odd thing is I had it working at my brother's house last night and it worked fine, then i try to run it at my house and now I'm getting this.

Anyone have a similar issue?