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Well, I guess I have to post something to get access to the other boards. Hi, a friend told me about Bitcoin earlier today, and I've been reading all I can about cryptocurrencies since.
The idea of a secure, decentralized, open source, online currency certainly catches my interest. Being free from any centralized authority is always a plus, and the low-no transaction costs make it perfect for paying for online content, micro-donations and other things that may not have been practical before. However, I see some things that I think will have to improve before it really catches on.
The first is security. I don't really understand how bitcoin system works, so I'll take those who say it's secure at their word. However, even if the coins themselves are secure, the mechanisms used to store and exchange them don't appear to be. I was reading that by stealing someone's private key, you can transfer all their bitcoins to your account and there would be no way to trace you. I see people with schemes involving multiple wallets, flash drives, live cds etc. That might be more secure, but it might be way too complicated for the average non-technical minded person. I also note that a couple of major exchanges have been compromised. It's one thing to know that the bitcoins on the private key in our bank vault are safe, it's another thing to have a safer way to use them.
Another thing is the ease of entering the market. I considered buying bitcoins almost as soon as I heard about them, but I learned it's not a simple process. None of the major exchanges take the more common online payment methods, with bank transfers being the only non-obscure option. I understand that there have been problems with chargebacks, but it means that buying bitcoins is now a major time investment. If it were a little easier, then all you'd need to do to get people to try them is have a few good businesses that prefer BTC. As it is, I suspect most people have to be convinced of the merits of the BTC system itself, and since most people aren't that interested in economics it limits the market.
Finally, I think the value of bitcoins will be limited if they're only used in online transactions. Not everyone in the world has a home computer with internet, and even fewer have the knowledge and means to properly secure their bitcoins. Maybe at some point in the future there will be bitcoin swipe cards, with service centers to convert BTC to and from fiat currency.
Anyways, I'm pretty excited about BTC. I'm confident that there will be solutions to these problems, maybe new businesses will be created in the process. I'm sure what I've said has been said before, but like I said I guess I need to post something.
You might want to invest a little in each cryptocurrency. Maybe like $1 worth in (for example) LiteCoin, MicroCash, and BitCoin. You can also get a little of each for free. I hope you have a fast connection & computer if you decide to run the client on your computer. The blockchain is huge, so on even a 100kb/s connection, it takes a long time to download (which you need in order to see any money you have). |
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Warning: microcash is solidcoin also known as scamcoin
please avoid it.
ScamCoin is not SolidCoin. ScamCoin is not MicroCash. MicroCash = SolidCoin with twice the self-promotional preaching and ego-maniacal blindness. You also have to take into account the user friendliness that MicroCash has, which Bitcoin does not have yet. Once the 21 million bitcoin blocks are mined, there will probably only be like 20 or 19 million (or maybe less) that are actually able to be spent without cracking the wallets (which will take a long time to do). With MicroCash, most of the money can be spent and it is basically like being your own bank to a new user where you can get paid interest. |
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Just let scamcoin die. Volume is down, hashing power is down, exchange support is down, ScamCoin forum activity (already low) is down.
Just let it die by neglect. Although I have to admit it would be hard for me to follow my own advice given the asinine propsal. Consumers hate inactivity fees which is why many major gift cards don't have them anymore (Amazon for example card is good forever with no fees).
ScamCoin is on a short bus off a cliff ANYWAYS but introducing a concept very unpopular with consumers would kill it even if it had any support.
The sad thing is a small but vocal minority of Bitcoin users want a similar thing. Not fees but killing lost unused coins and returning them to the mining rewards. It is equally asinine for all the obvious reasons.
Dude... this is a SolidCoin/Microcash thread, not ScamCoin.... ScamCoin hasn't had even 1 block yet... |
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Warning: microcash is solidcoin also known as scamcoin
please avoid it.
ScamCoin is not SolidCoin. ScamCoin is not MicroCash. |
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Hi, I am trying to mine litecoins behind a proxy server in a windows domain environment and thus need to find a pool that accepts minerd connections on port 80. I had read somewhere that pool-x.eu accepts connections from miners on port 80 but I am having some difficulties with that. I've set my http_proxy variable with my proxy connection details and if I get those wrong I get the expected 407 error, so I know its not that. However when I try and kick off my miner I just get the following on both ports 80 and 8080 (with valid credentials) - the error indicates to me that I am getting through the proxy but pool-x.au is not accepting the connection? D:\LC>minerd -r 10 -s 40 --threads 2 --url http://mine.pool-x.eu:8080/ --user myname.myminer:passwd [2012-04-23 08:15:39] 2 miner threads started, using 'scrypt' algorithm. [2012-04-23 08:15:40] HTTP request failed: The requested URL returned error: 403 [2012-04-23 08:15:40] json_rpc_call failed, retry after 30 seconds If I try on port 8337 or 8000; D:\LC>minerd -r 10 -s 40 --threads 2 --url http://mine.pool-x.eu:8337/ --user myname.myminer:passwd [2012-04-23 08:21:08] 2 miner threads started, using 'scrypt' algorithm. [2012-04-23 08:21:38] HTTP request failed: Operation timed out after 30014 milli seconds with 0 bytes received [2012-04-23 08:21:38] json_rpc_call failed, retry after 30 seconds But I don't expect that to work as ports 8337/8000 is probably not allowed through the proxy anyway. So I am either doing something silly or my darn computer is (quite possible since this is a windows env which is always a bad start) or something is up with the pool (which is the least likely) Any suggestions? Cheers cwerdna Just to verify... you have tried --url http://mine.pool-x.eu ? |
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I tried bitcrate didn't work lol
Did you do the CAPTCHA && open the crate? Describe "didn't work" please. |
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I notice you don't deny who you are directly.
I can verify that notyep is *not* RealSolid.
@Topic: Where does the money come from? Who runs the nodes? Is this decentralized?
Anyone can run a node if you have the computer to do so (same goes with mining). The money comes from these magical things called blocks. Or did I miss what you were asking? It is very decentralized. The nodes do make it a little more centralized, but if you really want to, you could have your computer turned into a node and get paid for having the node running. |
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 do you think it will let me past the captcha?  That site is awesome! Thanks for posting the screenshot (I don't see it on the front post). For those of you who can't see it... it is http://bitcrate.net |
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I removed that line and preceeding comma then made the directories and files for pushpool and it now works! Thanks for the help  |
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Okay so here is my server.json file (with usernames & passwords removed and part of an IP removed) ## server.json
{
# network ports
"listen" : [
# binary protocol (default), port 8342
{ "port" : 8123 },
# HTTP JSON-RPC protocol, port 8341
{ "port" : 8080, "protocol" : "http-json" },
# HTTP JSON-RPC protocol, port 8344,
#proxy is most likely your external ip address if your running a public pool
# requests to us | "proxy" should be set to your ip address that people will connect through
{ "port" : 8344, "protocol" : "http-json",
"proxy" : "192.-.-.-" },
# binary protocol, localhost-only port 8338
# host is most likely your localhost address
{ "host" : "127.0.0.1", "port" : 8338, "protocol" : "binary" }
],
# database settings
"database" : {
"engine" : "mysql",
"host" : "localhost",
"port" : 3306,
#database name
"name" : "mmcfe",
#database user
"username" : "-",
#database password
"password" : "-",
#enable sharelog | to insert share data or sometimes known as "work"
"sharelog" : true,
"stmt.pwdb":"SELECT password FROM pool_worker WHERE username = ?",
"stmt.sharelog":"INSERT INTO shares (rem_host, username, our_result, upstream_result, reason, so$
},
#uncoment this when you want to use memcached (Recommended for servers over 1.5gb of ram)
# cache settings
#"memcached" : {
# "servers" : [
# { "host" : "127.0.0.1", "port" : 11211 }
# ]
#},
"pid" : "/home/pushpool/pushpoold.pid",
# overrides local hostname detection
"forcehost" : "localhost.localdomain",
"log.requests" : "/home/pushpool/request.log",
"log.shares" : "/home/pushpool/shares.log",
# the server assumes longpolling (w/ SIGUSR1 called for each blk)
"longpoll.disable" : false,
# length of time to cache username/password credentials, in seconds
"auth.cred_cache.expire" : 75,
# RPC settings
#Bitcoind Protocal settings
#Host were bitcoind can be found on the network
"rpc.url" : "http://127.0.0.1:9332/",
#Username & password to connect to bitcoind
"rpc.user" : "-",
"rpc.pass" : "-",
# rewrite returned 'target' to difficulty-1?
"rpc.target.rewrite" : true
}
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Username and password all appear to be correct.
In syslog, after running ./pushpoold, I get pushpoold[31752]: server.json: JSON parse failed
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Hi,
I'm trying to get my own private pool running. Before you say "P2pool is your private pool" or "P2Pool is what you should just use instead", I'm doing this for the knowledge of setting up a pool this way and for fun.
Okay so I have mmcfe configured to connect to the localhost on port 9332 (which is what I have litecoind set for too).
I have pushpool set so it should be thinking that it connects to bitcoin at port 9332 when it is really litecoind.
But when I have a miner try to connect to the pool server, it returns error 401.
And for some reason, pushpoold seems to quit shortly after being started.
Anyone know what I misconfigured or didn't configure?
GTRsdk
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Well like I said I am sure the people who mined millions in a span of weeks will love you for taking worthless coins off their hands.
Have fun.
How could they be "mined" if the v3 blockchain hasn't even started yet? |
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I'll have to try that on my Atom N450.
Currently (with an earlier version of pooler's cpuminer), I get about 2.17 khash/s on 1 thread (OS: Debian 7 32 bit).
Then when I do 2 threads, I get about 2.30 khash/s.
I wonder what 64 bit Debian + the new cpuminer will provide...
On Debian 7 64 bit with the new cpuminer, I get around 2.41 khash/s with 2 threads. |
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How to install this and run on OSX? Also wheres the GUI version that's just click and it launches? As I want to give LTC a try.
If you want to compile it (which is probably best for optimizations you can try), you will need to download XCode. |
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1) They are only unspendable until the code changes and a single person can force any changes to the code he wants.
2) Even if #1 wasn't true the "unspendable" coins are transfered to the CDF every even block where they are most certainly spendable once again by the same person.
Once v3 hits though, there will no longer be trust node accounts, so those coins will no longer exist. And I don't really plan to sell anything before v3, so everything should be good. |
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I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.
Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth. You realize those are unspendable, right? |
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Interesting.
I think SolidCoin price will go up some more.
Since the block reward is currently only the transaction fee and any fees that come along with some extra, there isn't much inflation.
I think it will just make it more fun to sell things for SolidCoins.
But it will be very interesting to see what happens with SolidCoin v3. Going to be more user friendly, so maybe more buyers will be out there.
Sell all your possessions and buy SolidCoins if you believe the BS you just spouted.  I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins. |
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I'm assuming that coinotron has all of the blocks downloaded. If that is the case, wouldn't it be possible to set coinotron as a node and connect to download all of the blocks?
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