Completely separating the wallet from mining means a few things:
1) The wallet actions don't affect your mining
2) The wallet code in bitcoind can be disabled and thus improve bitcoind performance
3) The contents of your wallet are not accessible from anything that can access your mining
4) Your wallet can be anywhere, separate machine, cold wallet, paper wallet, whatever
Got it! In general, keeping a wallet separate from mining is a very good security precaution. Hiding the mining bitcoind is counter productive to having it distribute blocks quickly, but limiting all access to a wallet is a good thing  I am confused about your hiding the mining bitcoind statement. What exactly is counter productive to distributing blocks quickly? P.S. never have a wallet bitcoind online in anything that you don't 100% control.
Slush's lesson is a good lesson to learn regarding that ... a few years ago 10's of 1000's of BTC in his pool wallets on linode were taken by someone with access in linode through the back door that they purposely had in their system ... ... ...
Slush's Pool, yeah, I remember that. I own and run my own server stacks. I trust no one. |
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I recompiled bitcoind with the --disable-wallet option on my node. I know p2pool definitely requires the -a or --address command when running with no wallet and is a good practice to use generally, but does it need any other options to run without a wallet?
What exactly do the -i or --numaddresses and the -t or --timeaddresses options do?
They are for dynamic addresses using bitcoin wallet and not required when you use -a or -address numaddresses is the size of the new adress pool maintained, default 2 timeaddresses is how long to use an address before geting a new one, default is 2 days I thought as much. The documentation for the -a or --address option stated "generate payouts to this address (default: <address requested from bitcoind>), or (dynamic)" and it was not clear to me that the -i or --numaddresses and the -t or --timeaddresses options were directly tied to the -a or --address option when operating under the default behavior. Thank you for the clarification/confirmation. Are there any advantages, speed or otherwise, to using or not using a wallet with bitcoind for p2pool? |
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I recompiled bitcoind with the --disable-wallet option on my node. I know p2pool definitely requires the -a or --address command when running with no wallet and is a good practice to use generally, but does it need any other options to run without a wallet?
What exactly do the -i or --numaddresses and the -t or --timeaddresses options do?
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I've HOdled everything till mid July to prevent my weak hands from getting the better of me.
I hope price is still as good if not better then
I figure that a lot of people are going to dump after the initial 12 months of interest. If you plan on dumping, you probably want to HOdl for a shorter amount of time in order to sell before those coins mature. Personally, I plan on taking advantage of the maximum interest bonus over the first 24 months. I am betting on a stable market after that point. |
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For solo mining with the wallet, is it possible to update the miner the wallet is using to the new Wolf optimized version? Or does that even make sense?
The Wolf0 miner is not currently capable of doing what you are asking. |
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I see on YoBit there has been a increase in price over the last month working its way back up, although whoever has 20K HOdl free can dump back down to 2800 satoshi making another good re-entry point  Someone just dumped a massive ~8K coins and it did nothing  Totally about 10K coins was just sold on yobit. The price stood stable I would figure that to be the case because the supply is restricted when people HOdl their coins. |
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it's been quite a while since i started to work with this wallet I don't know if it's a problem with my laptop or I'm doing it wrong, I open the wallet and select the mining feature I don't have any coin inside it and I let it on but it seem that I'm not getting anything any one who can guide me how this one works? thank you.
If you are wallet mining, you only earn coins from blocks you find. |
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You need the latest version of the wallet if you want to synchronize with the blockchain. Are you using Linux or Windows? If you are using Apple, I have no clue what to tell you.
I was using Linux, and then I tried in Windows, too. The result was the same. where is the latest version of the wallet, then? You should build the wallet from sources. https://github.com/memorycoin/memorycoin |
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hi, I'm trying to synchronize my wallet, but I see such error: received block 00009c7550d4f4597823f789084c90f2ae2bad44522828176e7ab5cebb5baf7d
SetBestChain: new best=00009c7550d4f4597823f789084c90f2ae2bad44522828176e7ab5cebb5baf7d height=35742 log2_work=32.563722 tx=201365 date=2014-05-14 01:16:37 unixtime=1400030197 progress=0.126627
ProcessBlock: ACCEPTED
received block 000092cbe1686ce914a0355c251a8db984adfa2f5a1827e07214a0ddc728aa31
SetBestChain: new best=000092cbe1686ce914a0355c251a8db984adfa2f5a1827e07214a0ddc728aa31 height=35743 log2_work=32.563737 tx=201366 date=2014-05-14 01:16:08 unixtime=1400030168 progress=0.126628
ProcessBlock: ACCEPTED
received block 000092c21bee31298cb9c991f5b49fe73cf6a9e4e3fc98e5d6fb761256d397f2
ERROR: AcceptBlock() : incorrect proof of work
ERROR: ProcessBlock() : AcceptBlock FAILED
Misbehaving: 91.204.214.254:1968 (0 -> 100) DISCONNECTING
disconnecting node 91.204.214.254:1968
received block 000099c7630146e26808b91d73a4ba2af46e6c4dde46b6b2930ee28505d8e635
ProcessBlock: ORPHAN BLOCK, prev=0000aa89000e0dd60acf269a223df8ac0cbdfffaf538ff3ec3cfb72895400811
received block 00008588d2dab6ecdc7b0db91c48d3986108e0b0a3c551f6ab249e01a9067b64
my client version is: v0.8.583.0-unk-beta how should I correct that failure? You need the latest version of the wallet if you want to synchronize with the blockchain. Are you using Linux or Windows? If you are using Apple, I have no clue what to tell you. |
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Are there any major issues with switching a p2pool node to Bitcoin Classic?
You need to change the block version in the P2Pool source code, it's line 372 in work.py, to: version=min(self.current_work.value['version'], 0x30000000), or version=min(self.current_work.value['version'], 805306368), Both work. Got it. It wants the same thing either in hexadecimal or decimal. |
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Are there any major issues with switching a p2pool node to Bitcoin Classic?
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Quite honestly I don't know why anyone takes notice of someone who has a vested interest in p2pool failing completely; remember CK takes a percentage of any money earned on his proprietery ckpool platform.
@nicklello How are you making that connection? p2pool is not even a significant competitor to the pools that run ck's and kano's software. Quite honestly I don't know why anyone takes notice of someone who has a vested interest in p2pool failing completely; remember CK takes a percentage of any money earned on his proprietery ckpool platform.
Incorrect. Just like how forrestv gets a % of every p2pool block mined if the miners allow it, -ck gets a % of every ckpool block mined, only if the pools allows it. Both p2pool and ckpool are open source. The propriet ary ownership of ckpool by -ck is only at the same level as forrestv's propriet ary ownership of p2pool. Both are GPL I think kano makes a good point, not that he or ck need any defending. |
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The image with the dead horse.. mja I can't see that p2pool is dead...
The dead horse is the topic of how to grow p2pool not p2pool itself. |
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If I encrypt my wallet and lock it,can I get HODL term deposite interest?
Yes |
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Yes, it seems that there are some power miners. I don't care if they use botnets or have a data center in the back.
Fact is that HODL is still mineable with almost any CPU which makes it quite interesting for John Doe to get some coins and hodl them. We are still in a very early phase of this coin and the exchange rate is still low.
For my understanding it still makes sense to mine them - even with low exchange rates.
You're very optimistic. In the last 3 weeks, I have mined 8 blocks for HOdlcoin solo mining with 1 CPU. I think Jabba's point is still valid, but for how much longer is anyone's guess. |
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Why don't be honest and admit that this coin and its "community" failed big time? Let it die and move on. Stop pretending that this is significant in any way.
Let the trolling begin! That is always a good sign. |
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Why would this not work:
p2pool spontaneously splits itself into separated sharechains in sympathy with it's overall market share, with the objective of keeping the share difficulty as low as possible on one chain. That way, the pool can expand beyond that stage where the share variance becomes too high for entry level miners. Which pool a miner is assigned to at any given time is random, to the extent that the practicalities of competitive pooled mining need observing (healthy range of hashrates within a given sub-pool, sensible minimum time hashing on a given chain, etc).
I understand that larger miners could try to game that system, but there is a limit to how many controllers with their own NIC and/or the number of VM's running through each, the amount of work required, and the various extra overheads needed, I can't see large miners exploiting that to any significant extent. It's more productive to concentrate your resources on simply improving as a solo miner, not trying to fight with the lesser fauna.
Can two or more sharechains with different share difficulties be merged such that a block find on one carries rewards through on the other(s)? I ask because I do not know. |
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so in this scenario both mining and staking is different from each other mate? i also have same question luckily I seen this question and realize that mining and staking can be done both from the wallet, so with or without hold coin inside of the wallet just simply make it run to your computer start the mining option base from the tutorial and leave it running you will get possible earning am I getting it correctly? and do you also have any tutorial on how to do it using a pool?
HOdlcoin is not a staking coin. Staking is a form of mining for coins that work that way, but HOdlcoin pays interest similar to the way a bank pays interest for money in a savings account. |
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