I have created a quick chart which shows the coin supply of Bitmark, Bitcoin, and Litecoin through to 2025

http://bitmark.co/charts/coinsupply.html

New Wiki Page: Solo Mining

Following multiple queries as to how to set up solo mining, I have finally managed to document Solo Mining on the Wiki.

If there are any questions or clarifications required please ask.


Proving the theory

Part of the rationale behind Bitmark's Block Chain configuration is the notion that more rewards per day will create a healthier network.

I have proved the theory twice myself already, and now I've challenged a small solo miner to help me prove it also.

He has 1.7 MH/s, and is therefore on the edge of luck. By the average network hashrate he should manage marginally over 1 block per day. Since you can only find complete blocks, this means he will get 20 or 40 BTM per day, 1 or 2 blocks. If he mined on a pool he would generate 20-21 BTM each day, by taking this challenge we can prove if solo mining is viable, and if our theory is sound.

The challenge I have set him is to see how lucky he is, he will mine for exactly 24 hours and report back as to how many blocks he finds. I will double whatever rewards he gets for doing this challenge.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged.}

tdokta created an auction thread for 500 BTM here https://bitcointalk.org/index.php?topic=709400.0

These are the first BTM ever offered for sale.

Marcoman22, the previous page in the thread is a very interesting read and has more details.

tdokta, IPM Launch will be happening tomorrow, I will message you in a moment. As for a BTM production cost the base average at zero profit and on efficient new asics is 0.00010000 per BTM, real production cost has swung between 8k and 20k satoshi.

Medic, welcome aboard. There are a few things I would like to discuss with you before you dive in to the project schedule, I will message you.

To anyone just joining, the previous two pages are very interesting and there are many discussion points.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged. Thank you to all who have donated and invested.}

In gmail when you view a message, you have a small downwards arrow at the top left of the message next to where it says 'to me'. If you click that it will say 'mailed by:' and give the server name.

You can also click 'Show original'. In other email clients the option may be 'show headers'.

Another tell tail sign is if when you hover over a link or a button, the status bar says the link is on googledrive or a domain which is not google.

These messages are crafted to shock and alarm you so that you click the button without thinking, always check, and if you are unsure ask somebody technical to take a look before you do anything.

You have set a fine example, consider yourself both supported and welcomed.

There are many roles to fill within the bitmark foundation, and far more creating businesses and services which build on what we are creating.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged. Thank you to all who have donated and invested.}

From Google.

You can identify that it is not from google, because google do not send any such email.

I have noticed this increasing over the past few weeks.

If you have a gmail account, and an email address which is public on bitcointalk, you will probably receive a message saying that a suspicious sign in attempt was blocked by google.

It is not from google, it is from kundenserver.de, it is a phishing attack to get your details.

Report the email immediately if you receive it and do not click the links or buttons in it.

Sha256 is Sha-2.

Correct, getMarked has already been funded with 0.9 BTC, and I am on Bitmark full time until that runs out or more replaces it. Let us remember that getMarked is Bitmark. We are here to use everything stable and mature we can on the core, maintain the core, add new things if they are really needed, and spend all the time we can focussing on adoption.

Project Bitmark is all about adoption. The concept of 'Marks' representing both reputation and money is how we will gain massive adoption.

At this point getMarked is most of Project Bitmark. More on this below...


I think it is perfect.
1. it is nice and provides what we need
2. it can be the first thing to support Marking, and we can test it ourselves live.
3. We can later provide a pull request to discourse so that every discourse based website old and new can support getMarked natively.
4. Jeff Atwood may want to talk about it, which tells nearly every technical person, doer, and tech follower in the world about getMarked.

So my vote is a huge YES, what could be better?

Several people have contacted me asking if getMarked will support this program or that, if we can ask other companies and communities to use it. The answer is yes to everything, in time, that is what we are here to do.

Somebody even suggested BeerAdvocate, how cool would it be for them to have a branded getMarked integration where you can give beers to people? The beers are marks and they can use them to buy beer. "That's a great idea have a beer", and you get beer money. Isn't that awesome?

getMarked is an application anybody can integrate in to anything, the application is just a wrapper for Bitmark support, with the notion that Marks are both reputation and currency.
getMarked.org is the main website to act as a flagship and a fun community, like reddit where the karma is money which flows to all users, and between all getMarked adoptions.

Project Bitmark is all about adoption.

Bitmark is just the core and the currency, the thing keeps it decentralized. From the start I made it clear that a new API and keeping the code always up to date was my commitment to the core, later others will do this.

The new API is dependent on having adoption, on knowing what we need to provide. getMarked adoptions will sometimes not be able to run a full bitmark node, so they will need to use the new API of a collection of public trusted Bitmark nodes. This is why we need a new API, and why getMarked and adoption will power the creation of that API.

Forget the world of QTs and dumps on exchanges. We are here to create a daily use currency with massive adoption, internet wide adoption first and later worldwide. Digital Money.

Every person who ever marks anybody or anything will increase the value of the currency a little, and distribute it a little bit further.

Do you really want to mine empty blocks and sell them to people who are simply hoping that some value is found? or do you want to be powering and protecting a network with massive usage where every day people are trying to swap their fiat for the bitmarks you have mined? Our adoption path is getMarked, where people use Marks, the block reward is 20,000 Marks, how valuable is that?!

Fun.

Correct, and that is why you will often see me online here and in IRC but not responding for a few hours, because I am also working.

There is no need to be concerned, ask yourselves what is outstanding? The IPM Pool and that is all, today we are fixing a bug, a miner and I, one final test, and then launch.

Nothing else is outstanding, bitmark.co was a concern to me as I didn't like the boring unuseful direction it was going, and I thought the over all project needed some things which I mentioned earlier. This last idea sprung from that topic, and solves most of the issues or concerns we have.

I am not infallible, I may have missed something, please check and tell me if there is something else outstanding or that needs done?

I am eager to define the next round of concerted effort, so that in one month from now we have progressed a great deal.

Exchanges are a topic we have already covered. If you want Bitmark on an exchange to buy or to sell ask the exchange or bring them here to discuss any needs we may not have considered.

I have posted above.

The IPM Pool should be ready tomorrow, there is a bug I am testing today, and the user interface is almost complete. By Saturday at the latest.

The client is fine and has already been updated with release binaries modified to have new check points and fix a small bug which affected iOS users.

Bitmark.co is resolved by this, our community and work will all be in one place, on bitmark.co, it will be bitmark.co. It also creates getmarked.

So all the work can be done together, be far more fruitful, and achieve most of our goals.

Is there anything that I have missed?

Zadinga, you make good points, and I appreciated your concern.

The IPM Pool is number one, before any of this; it is nearly complete, maybe tomorrow it will be ready for use.

Bitmark.co, getMarked, and the forum, can all be based on the same thing.

Why should Bitmark.co not be the community first, the forum? then expand it with links to other things, to the IPM Pool, the documentation, the code, and the wiki. It will serve us best that way.
Creation of the forum is creation of most of getMarked, so we can lead by example and strike many things off our list at the same time.

I wrote before:


Doing this solves 2, 3, 5, 6, and bitmark.co, and getMarked.org, it provides a place for everybody to come who we outreach to, and by hard working and innovation focussed on adoption 1 will be handled.

It also provides open source versions of what we create, to help other people and further boost bitmark adoption. We lead by example and make things which are useful to us, they will be useful to others too.

They may appear as separate ideas, but they are all linked together and provide usefuless and utility, and encourage adoption.

Users 1-50 get 500 Marks, and a post costs 1 Mark.
They can mark any post or comment they like, giving marks to the other user
To take moderation actions costs 1 Mark, if others agree that your action was good by doing the same, you all get your Marks back and reputation increase. The spammer or bad poster has lost their mark, you now have it distributed between you.

Users 51-100 get 375 Marks, and a post costs 0.75 Mark.
Users 101-150 get 250 Marks, and a post costs 0.50 Mark.

Since so much of this is new, I think it best to create it from scratch, then open source it so everybody can have their own getmarked forum, where reputation flows between all forums.

It should not take long. We can save time by using markdown for posts, and having sign in using facebook/twitter/google/bitmark-address.

We can give the software a bitmark halving.

The forum acts as a faucet, I will give it 100 BTM, enough for 200 users.

Every user who signs up gets 500 marks (0.5 BTM), each post costs 1 mark which goes back in to the faucet.

Each users post or actions can be marked by other users, this gives them reputation and more marks to give.

When the users reach 50 the reward for joining drops to 375. When it reaches 100 it halves from the original 500 to 250, just as bitmarks block rewards work.

Every time the reward reduces, the cost of each action drops by the same amount.

So the 100 BTM is enough for an almost infinite amount of users, and the more the forum is used, the rarer and more distributed marks get.

For onlookers, 1 Mark is 0.001 BTM, a Mark is also reputation. http://getmarked.org/

In line with what I later added above... I must stop editing posts, repeated here to keep the flow:

[creation of such a forum] could also boost getMarked and Bitmark adoption, as we would opensource or contribute the change to which ever software we used, and allow users to transfer their marks between each forum, whilst their reputation would follow them around

The same distribution could be achieved with this as with getMarked, where users who join get some marks to use. Each post could cost a mark to start, decreasing over time. Users would then moderate with marks, and get them returned whilst adding to each others reputation, and the spammer would have a financial cost to spamming. Every action taken stakes or gains ones reputation.

As marks are reputation and currency, by answering anything correctly they get marked, which is also payment

Now we have two projects, the forum one first being useful to us, most of it's work is the same so we could produce both at the same time.

Androidicus you were not mistaken, the thread just changed quickly as our ideas came together.

Ideally open source if we could find such a thing.

Coming back to the topic of a forum, and also getMarked.

I wonder if it is possible to create a self moderating community, where the 'forum' is armed with marks, where the users can mark specific actions to take place, say 'spam' or 'ban user', if they agree the marks are doubled and distributed back to the moderating users, and if they are trying to abuse the system or incorrect they take a tiny hit to their balance of marks.

It would be nice to find a forum, with only one board to start, where topics could be tagged, and which we could customize to have this functionality. It would be fun and a good example of getMarked and our approaches to currency/reputation being one.

This could also boost getMarked and Bitmark adoption, as we would opensource or contribute the change to which ever software we used, and allow users to transfer their marks between each forum, whilst their reputation would follow them around

The same distribution could be achieved with this, where users who join get some marks to use. Each post could cost a mark to start, decreasing over time. Users would then moderate with marks, and get the returned whilst adding to each others reputation, and the spammer would have a financial cost to spamming. Every action taken stakes ones reputation.

Now we have two projects, the forum one first being useful to us, most of it's work is the same so we could produce both at the same time.

That would be nice for something else and I admire your thought that getMarked may be useful here, but our needs just now are quite different, and adding those needs to getMarked may skew it's course.

I have reached out to http://www.quandora.com/ as a public version of their solution looks to be exactly what we need, with any luck they will respond to say that they are willing to support us by offering a free instance for a few months in return for being associated with Bitmark, a one off donation of our own currency to thank them, and a well funded foundation to pay all related costs in the future.

Do you think their offering looks to be what we need, and that this was a reasonable request to make?

We will need to raise a BTM donation for them in the future, if they accept, I hope that is not an issue

Context
We are discussing

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged. Thank you to all who have donated and invested.}

4. That is what we need, not adopters but potential adopters, so that we can find out what they need and how they foresee themselves using what we create. If the first round of adoption is to be something like "as a way to move money between online services, with the option to move it to an account under solely my control" then we can focus there. The answer may also be "to easily send money abroad and pay people in other countries". We can provide all this and more, to have some focussed adoption paths provided by potential adopters will help us a great deal. Do you think that is a subject you could raise with one or two of them?

6. I agree. A traditional forum I do not feel to be effective, a new forum looks often empty and can doom it to stay that way.

Maybe we need something more like StackExchange, with specific topics and questions tagged and arranged, a clear view of unanswered topics, and the most active or currently being discussed displayed at the top.

The areas I need help with are as follows

1. Funding and balance, you who are reading have already done much in this regard, thank you.
2. Effective communication, I need people to help me condense what I write in to short summaries of benefits and why, or to write their own. getMarked is a prime example, having no context of Bitmark's goals, no bullet points, just a lot of text which can easily lose its reader without conveying what needs conveyed.
3. Coherent management of outwards appearance. In line with effective communication, I feel the project lacks any coherent and up to date outwards face, something which entices people in from whichever part they see first, and which gives a clear overview of what we are about.
4. Outreach. I am worried about becoming just another fractional community on bitcointalk, we need to engage every day people and businesses, and also the people who want to see every one using digital money for every day transactions, with a faction of those ethical people who focus on anarchy/justice/legalities/governance to balance the project long term.
5. Becoming more organized, where people involved have more well defined roles. I do not care who does what, so long as they enjoy what they do and feel empowered to do it more by the project and those around them.
6. To increase the coherence and visibility of the interesting discussions people have, so much is said and so much is lost, the main thread often misses all of the interesting bits. Perhaps that is because it is an ineffective medium of communication, or maybe people feel they must discuss with me rather than each other.

Over the course of the many previous pages of discussion, people have emerged who already do part of each role mentioned, I encourage any one of you to step forward, claim the role, and own it. I will do all I can to ensure that you are fairly rewarded. We also have a foundation which will be well funded, most of that is set aside for the people who claim their own roles over the next few months. It is your foundation not mine.

First time readers
Here is something from another thread, it outlines the philosophy behind the project and is shared by the existing and growing Bitmark community.


If you share this philosophy we welcome you here