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Hopefully he continues to improve and refine the gpu miner. Until then, this will remain a cpu only coin it seems
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if i use jhprimeminer it says i do like 80k the default hp10 says i do 3k. doesnt seem to match up?
i have 2 haswell and 3, 8 core vps. how ever i have been mining for several hours and no coins is that normal?
I solve a block every 3-5 minutes on my Commodore64 so you should be doing better than that. I solve a block every 2 minutes on my Vic-20 |
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This is a ridiculous coin clone. Adds nothing, maxes out fast....I respect the fair launch but this is not worth my cpu/gpu cycles.
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I have been asked to act as a trusted third party to hold the funds from this venture, and have indicated a willingness to do so so long as I see value in the service I would provide. I'm not yet sure that what I've been asked to do would be considered "escrow" services as I understand it. There are many details to be worked out, and I have not yet committed to anything. Unfortunately I was approached just before I was leaving on holiday where I have limited internet access. As such, it has been difficult to discuss exactly what my responsibilities would be. If my name is simply being used to lend an air of legitimacy, to something that I have no control over at all, then the word "escrow" becomes hollow and fake. I do not wish to have my name used as a "stamp of approval". I am willing to protect the funds of others as long as I am allowed the necessary tools to do so. It is entirely possible that this will not be something I am able to participate in. Not least of all because I reside in the U.S., and there would be a significant risk of my incarceration if it is publicly known that I am participating in a gambling venture and refusing to turn over the private keys should the authorities demand them. This could result in my inability to access any bitcoin wallet to ever release anything from escrow. I'll try to keep an eye on this thread whenever I manage to gain access to the internet for a bit, and I'll resume detailed discussions with GigaDice when I return from my holiday. So your escrow has been on the forums for only a year and is not very well known? How about you get a real trusted escrow like John K. I would not just "DannyHamilton" with my coins.
I'm far more well known than some, and far less well known than others. You'll have to make your own determination as to my trustworthiness. Let me know if there is anything I can do to reassure you, even if this partnership doesn't come together with GigaDice. It is not meant as an insult at all, just their are better known escrows. Besides, all having a trusted escrow hold the coins acheives is that the bankroll won't be run off with in one fowl swoop. It does nothing to prevent the anonymous operator who has no reputation at all from betting under an alternate account and knowing the server seed, steal from investors in the form of illegitimate gambling wins. This is true although the same can easily be said about any other site as they can theoretically can "rig" bets as they can show the seeds prior to any bets and can use "selective seeds" to run their bettors dry all the mean while remaining "provably fair". Thanks for your concern nonetheless, I'm looking for a way to combat this scenario although it is very difficult because in the end it requires a small bit of trust. I'm trying my best to be as transparent as possible. That is the problem, it requires a lot of trust on the part of investors. This is not something an escrow can help you with and it would be very difficult to even prove if you did such a cheat. What is their in your history that should make investors trust you not to scam the system at their expense? Well yes of course anything is possible, however I firmly believe on remaining transparent. To combat the aforementioned possibility of manipulation by the house I will make all the bet history publicly available for anyone to scrutinize and if anything seems fishy complain loudly. I completely understand your concern as it's always a possibility, if you wish to speak more or would like to nitpick our investment structure feel free to message me. Although I find it interesting your proposal (though a complete rip-off of J-D), the fact you want to make converting BTC to Fiat part of this project would be a no-go for me as an investor. I am sure that breaks US anti-AML laws and online gambling laws since you paying out in Fiat. Noone who resides in the US should invest in this site. |
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Poker is tough - provably fair card games have been done (just check out bitzino). The problem with online poker are issues such as screen sharing and other collusion methods. Still, you are right, online poker was very successful before the US crackdown, so they found a way to do it.
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I have been asked to act as a trusted third party to hold the funds from this venture, and have indicated a willingness to do so so long as I see value in the service I would provide. I'm not yet sure that what I've been asked to do would be considered "escrow" services as I understand it. There are many details to be worked out, and I have not yet committed to anything. Unfortunately I was approached just before I was leaving on holiday where I have limited internet access. As such, it has been difficult to discuss exactly what my responsibilities would be. If my name is simply being used to lend an air of legitimacy, to something that I have no control over at all, then the word "escrow" becomes hollow and fake. I do not wish to have my name used as a "stamp of approval". I am willing to protect the funds of others as long as I am allowed the necessary tools to do so. It is entirely possible that this will not be something I am able to participate in. Not least of all because I reside in the U.S., and there would be a significant risk of my incarceration if it is publicly known that I am participating in a gambling venture and refusing to turn over the private keys should the authorities demand them. This could result in my inability to access any bitcoin wallet to ever release anything from escrow. I'll try to keep an eye on this thread whenever I manage to gain access to the internet for a bit, and I'll resume detailed discussions with GigaDice when I return from my holiday. So your escrow has been on the forums for only a year and is not very well known? How about you get a real trusted escrow like John K. I would not just "DannyHamilton" with my coins.
I'm far more well known than some, and far less well known than others. You'll have to make your own determination as to my trustworthiness. Let me know if there is anything I can do to reassure you, even if this partnership doesn't come together with GigaDice. It is not meant as an insult at all, just their are better known escrows. Besides, all having a trusted escrow hold the coins acheives is that the bankroll won't be run off with in one fowl swoop. It does nothing to prevent the anonymous operator who has no reputation at all from betting under an alternate account and knowing the server seed, steal from investors in the form of illegitimate gambling wins. This is true although the same can easily be said about any other site as they can theoretically can "rig" bets as they can show the seeds prior to any bets and can use "selective seeds" to run their bettors dry all the mean while remaining "provably fair". Thanks for your concern nonetheless, I'm looking for a way to combat this scenario although it is very difficult because in the end it requires a small bit of trust. I'm trying my best to be as transparent as possible. That is the problem, it requires a lot of trust on the part of investors. This is not something an escrow can help you with and it would be very difficult to even prove if you did such a cheat. What is their in your history that should make investors trust you not to scam the system at their expense? |
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I am sure mtrlt will fix it eventually - I doubt he would spend so much time on this project and then leave it in a nearly inoperable state
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I have been asked to act as a trusted third party to hold the funds from this venture, and have indicated a willingness to do so so long as I see value in the service I would provide. I'm not yet sure that what I've been asked to do would be considered "escrow" services as I understand it. There are many details to be worked out, and I have not yet committed to anything. Unfortunately I was approached just before I was leaving on holiday where I have limited internet access. As such, it has been difficult to discuss exactly what my responsibilities would be. If my name is simply being used to lend an air of legitimacy, to something that I have no control over at all, then the word "escrow" becomes hollow and fake. I do not wish to have my name used as a "stamp of approval". I am willing to protect the funds of others as long as I am allowed the necessary tools to do so. It is entirely possible that this will not be something I am able to participate in. Not least of all because I reside in the U.S., and there would be a significant risk of my incarceration if it is publicly known that I am participating in a gambling venture and refusing to turn over the private keys should the authorities demand them. This could result in my inability to access any bitcoin wallet to ever release anything from escrow. I'll try to keep an eye on this thread whenever I manage to gain access to the internet for a bit, and I'll resume detailed discussions with GigaDice when I return from my holiday. So your escrow has been on the forums for only a year and is not very well known? How about you get a real trusted escrow like John K. I would not just "DannyHamilton" with my coins.
I'm far more well known than some, and far less well known than others. You'll have to make your own determination as to my trustworthiness. Let me know if there is anything I can do to reassure you, even if this partnership doesn't come together with GigaDice. It is not meant as an insult at all, just their are better known escrows. Besides, all having a trusted escrow hold the coins acheives is that the bankroll won't be run off with in one fowl swoop. It does nothing to prevent the anonymous operator who has no reputation at all from betting under an alternate account and knowing the server seed, steal from investors in the form of illegitimate gambling wins. |
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So any idea what will the first coin be which uses this protocol?
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I have a feeling that bitcoin will continue to rise especially considering how the difficulty is rising exponentially. The average person will eventually stop mining and just buy or earn bitcoins once the difficulty gets so high.
Not necessarily if the price of asic h/w continues to drop in tandem |
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He wouldn't need to buy all of them. If his purchasing streak pushes prices up so high, or so fast, that nobody will sell them or use them, then for all practical purposes, bitcoin is dead. A currency with no current is not.
A currency with no current is a store of value just as an atom that sheds no electrons is still potential energy. Bitcoin is money, not a currency traded for a single commodity at the highest market price on a universal exchange. Bitcoin is not more or less dead whether a bitcoin can be sold for $4 USD or $265 USD. People tend to hoard coins as prices move up and they tend to spend coins as prices move down. Bitcoins are commonly exchanged for values that are unrelated to a fiat currency. The market would have "current" as it finds a balance between hoarding and spending. It seems, from looking at the amount of transactions and the experiences of bitcoin shop owners, that the reverse is actually happening: people hoard coins as the price drops (hoping they will go up again in the future), and people spend coins as they go up in price (taking advantage of the increased buying power of their money). With one prominent exception: Satoshi Nakamoto never spent his 1,000,000Ƀ, most likely cause he knows it's going much higher. 1. How you know he has 1M bitcoins? 2. Maybe he lost the private key |
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Feel free to let me know if there anything else worth adding
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I think the point is this is not even a beta version, more like an alpha. It needs a lot more bug fixes before it is usable.
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Anyone bought one of these? Please let us know! I'm willing to get wet with this project.
I paid for one, and I'm on the preorder list. I'm looking forward to play with it!! I am very curious to see how it works - would seem like an ideal match on a price/xpm mining basis. I wonder if this will still be cost-effective now that the gpu miner finally looks like it becoming a reality. I don't mind if it ends up being not cost-effective, I plan to use it for other things too. Hi, post progress. How you will use it? CPU mining? I'm going to buy one to test with mining cpu coins and if its not profitable it becomes my 3d printer host. It should be just as fast if not faster than my 8 core amd slicing stl's into gcode. Can't you just use a raspberry pi as 3d printer host or too weak? |
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800 is fine. but yeah i need some sort of payment first. i can go purely on trust...
use an escrow like John K |
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Dooglus,
You need to update the op with the current balances.
Indeed. I just did so. You'll see significant changes at the top end of the list from last week. Well I figure Nakowa was the 4259 and he withdrew yesterday and deposited it all in some chinese bitcoin bank. Also, the top investor divested about 2k bitcoins. However, seems it was partially offset by alot of the smaller investors increasing their investments. |
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Dooglus,
You need to update the op with the current balances.
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There are lots of exchanges now that accept xpm. crypto-trade.com, mcxnow.com, cryptsy.com, coins-e.com, bter.com, vircurex.com
exactly, so why would he want to sell it on the forums? And why would anyone buy it from him? |
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So who's the highly trusted escrow? Not seeing that mentioned anywhere.
Sorry if I didn't make it clear enough, hopefully this will clear up any confusion All investments will have to be put on hold till the escrow (DannyHamilton) I'm currently negotiating with is back from holidays.
Here is a link to his profile: https://bitcointalk.org/index.php?action=profile;u=60820I have not worked out the specifics with him yet as he is on vacation. So your escrow has been on the forums for only a year and is not very well known? How about you get a real trusted escrow like John K. I would not just "DannyHamilton" with my coins. |
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