While a coin needs a good development team to get it going, it needs a reason to stay around in order to have real staying power. None of the clone coins have such a reason, so they eventually die out (after the inevitable pump and dump). Coins like litecoin, devcoin, ppcoin, and namecoin were unique enough to gain the critical mass that allowed them to survive.
There's nothing but cosmetics original in Litecoin. If originality is the only thing required for coin to survive Litecoin would die week after it's creation. It's a copy of Tenebrix who was real innovation but failed due to, even I must say it, excessive premine, and Fairbrix who was also Tenebrix copy, not premined one but failed due to attacks and some bad coding.. Make a look at it's original thread and you'll see no difference than with any of last few weeks releases. People saying it's pointless, doesn't bring anything new,etc, etc.. it was just launched at real time and somehow everything kicked good for it. Litecoin wasn't original similar to how Microsoft Windows wasn't original. I took all the innovations (Solidcoin's fast transaction time, Tenebrix's scrypt), put it together without the baggage (Tenebrix's multicoin code, premines), picked a good and memorable name, and released it in a fair manner. The innovation is not any of the pieces by themselves but the package as a whole. It's not an accident that Litecoin is thriving and most of the alt coins before it are all dead. Favorite post on the subject so far. Kinda what I think about PPC too. (minus the name which, with no bad intentions, verbally sounds off). At this point though, even if a coin was really really innovative and could save the world, I don't see any able to take over (or even mimic) ''the big 3" (btc, ltc, ppc). The advantage of being the first is too strong and the community is not gonna spread the love more than it already has. |
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The reason for no escrow was "he didn't have it in hand so couldn't guarantee delivery''. Now got it in hand. No escrow. OK, fine, you want escrow? That means I will HAVE TO SEND IT? Gotta make more money than selling and not sending.
Please do something about this.
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How about pooled PoS mining? Just a thought.
With the way how proof-of-stake mining currently works this would enable the POS pool to steal your funds, not just the POS rewards. There is a proposal how this could possibly be resolved, but as this requires a chain fork it will take a while before it lands. If the PoS return, and the balance including the funds, can be independently verified how can the pool steal without showing? Its not about secretly stealing. Unlike pool mining, which doesn't hold that much coins, PoS mining would be about putting a lot of wealth into one hand. Its asking to be scammed. So basically, sending all your moonies to someone, for what benefit really? I can barely see a benefit, even the benefits look like a downside. |
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Any suggestions for further improvements?
How about pooled PoS mining? Just a thought. There is no advantage to PoS pooling. For one, if I don't want to have a local wallet I can still get PoS coins with PPCs I own. For two, if I can't get my wallet on-line often I can have accrued PoS income with pooled PoS mining which is online all the time. For three, I can check how much PoS coins I have made by clinking on the pool URL and be done in a few seconds instead of firing up the local wallet and starting sync'ing... Those are all trivial points that are far out weighted by disadvantages. Why not have a local wallet? It doesn't matter if your wallet is offline as long as its brought online once in a while. You would really want to put 100% of your wealth in a pool for those little ''conveniences'' to mint around 1% of it yearly? Pools were created to solve pretty substantial problems (possibility to make nothing but still paying the electricity bill). I don't really see the problems pooling PoS would solve. Besides, if people want to put energy into creating infrastructures around PPC, time will be much better spent at a thousand places. |
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21 now shows none. Seems to be getting corrected.
18 is also a little bogus for me, though a little less.
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18322 2013-06-01 15:08:56 1:50:42 17158976 1462 0.00219536 239080 25.18504000 97 confirmations left
18321 2013-06-01 13:18:14 1:35:10 14691906 766 0.03116995 239063 25.20347868 80 confirmations left
Well, that kinda makes up for all the loss I've had recently..... (the top one is about correct)
For once I was on the good side of the errors.
lol 15 times more... I went from 0.19 to 0.00018.... Lol |
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Any suggestions for further improvements?
How about pooled PoS mining? Just a thought. There is no advantage to PoS pooling. |
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Does discriminating against mining certain low tx-fee transfers have a negative pool effect on the rate the miner/pool solves blocks?
god damn, good thing I made put a parentheses on that one huh? What it meant is if things go wrong on a day with 50% pool luck and 1 bad payment people will be more upset than on a day with 150% pool luck and 1 bad payment. Eck, would you even have pool hopped today if despite the error the pool was at 150%? I would bet no.  I have no idea what you're getting at. My question wasn't directed at anyone specific, just a valid question seeking an answer(as well as being completely unrelated to the pool luck dip in the last few days). lol, my bad, I reread and completely misunderstood that lol. Sorry |
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Does discriminating against mining certain low tx-fee transfers have a negative pool effect on the rate the miner/pool solves blocks?
god damn, good thing I made put a parentheses on that one huh? What it meant is if things go wrong on a day with 50% pool luck and 1 bad payment people will be more upset than on a day with 150% pool luck and 1 bad payment. Eck, would you even have pool hopped today if despite the error the pool was at 150%? I would bet no. |
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Well, whatever was adjusted with the latest updates on the 21st, broke some other things. I hope we can get some input from slush soon, he's usually very quick.
in all fairness (although btc guild is rock stable, but over populated), almost every pool seems to have poor luck and issues ATM (luck is not an issue, but certainly "a cherry over the top'' when things go wrong). Staying here for the only being stratum + name coin (as far as I know). Plus, I kinda like supporting the guy who actually pretty much invented pools and stratum (I'm sure I'll get corrected on this one, but its still my feeling) |
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Something fucked up. Yes yes I know its score based, not per share, but my miner has been mining constantly, no problems, I litter ally monitor every minute (especially when it takes 5 hours for a block, I'm eager to see when is the next block). But I got HALF of my regular reward on the last block.(also demonstrated by amount of of shares, even tho its score based...)
And according to the post over me also.
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This should be concidered sold.
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Good decision placing that batch 1 order!
Well, it was far from a certain bet at the time... remember, Avalon was supposed to ship 5 months AFTER the BFL initially... Yeah I am not trying to be rude - just a little facetious. Personally I would think very seriously about buying something with more than 1 month ROI. If people are right about growth 73ghs will only get 1 btc a day in a month  That would mean tripling difficulty in a month. Sorry, won't happen. The price/performance is right in line with asicminer blades currently, so neither a good deal or overpriced. |
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OK, responded to most. If you didn't get an answer, either its sold or someone quicker/nicer answered first.
A lot of stuff sold. A lot pending, so I won't update the list just yet.
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Total hash rate?
880mhs average per board. Although, on pool stats I constantly have between 10.5-11ghs. |
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Hey, I am selling my FPGA tower, its 12 board + the power module + a PSU and USB hub and cables. Its all ready to go.
I'll sell it for 48btc shipped in North America.
I am not really interested in selling it parted, but I will sell individual boards, do not ask for the power module, PSU and cables if you don't take the 12 of them. Individual boards are 5btc and I will only conclude individual boards sales after the weekend to give myself a chance to sell whole.
Thanks
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Everyone who PM'ed, they have been received and read. Got a ton of PM's, but rest assured its first come first serve and I'll reply before the end of Friday.
Sorry, wasn't expecting that much interest and am a little bit busy but I will finalize transactions soon and ship on Saturday. If you were expecting a shipment tomorrow morning, that is not possible. Almost everyone who PMed me can get what they want excluding the 10 PMs I got about the 5970 after I said it was sold.
Thanks and sorry for delays on answers.
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Beside bad pool luck, everything's fine on my end. Although I don't wanna try restarting my proxy in fear of not being able to reconnect :p
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6990s are gone as well as the 5970. (Consider them gone at least for now)
The dead 7970, I can't remember exactly but I think 2 days after it was bought from retail the pc stop posting with it in. No PC or anything, might be corrupt BIOS or fried circuit as a DOA. I just didn't have time to RMA and now I just don't wanna deal with manuf RMA.
And ATM I don't have the cards in front of me, but I thought the power colors were not reference but you can look it up its the power color 7970 version (the one that has GD3 or something in the model number)
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