Give me the rundown here.
Bytecoin vs Bitmoneros? What's the difference?
Why one over the other?
Hey, We moved to this thread since TFT's been quiet lately https://bitcointalk.org/index.php?topic=583449.0Main differences: - 20kb penalty free block sizes - 1 minute blocks - emission time is halved (80% distributed over 4 years) - emission is via clearnet (80% of ByteCoin was mined in the past two years by persons unknown, it only entered the clearnet last month apparently) - what is often considered a fair chance to mine the coin (instructions for solo mining, release of linux source and windows binaries at launch) So far only 0.1% of Monero has been distributed. |
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@ OP, devs, etc:
Pls stop the confusion and apply some transparency around here!
I appreciate that this thread tries to collect some basic information on the OP and does a bit of explaining but it also adds to the confusion:
- With every new thread about this coin information gets lost and discussions forked. Stuff that was controversial appears to have been removed. - Is this supposed to be a fork of Bitmonero now? You say that it is not but also new proposals like changing the block time to 2 minutes, halving coins in existence, etc. are imposed on the code base without sufficient dicussion (no, I dont think discussing 2 days in a remote thread ( https://bitcointalk.org/index.php?topic=582080.0 ) constitutes sufficient discussion). It is not a fork, unless TFT decides he wants to fork this and try to make a merged mining client. The technical issues were all discussed at length and argument amongst several different people. I think the majority settled on there being no hardfork changes to the coin (no subsidy adjustments, no merged mining, no block reward halving for the first series of blocks, no two minute block times, etc) in the near future. - Who are the main people involved in this? Pls add a list of devs, projects, etc. to the OP to make this whole project more transparent! (Is Thankful for Today still with it btw?) List of devs is whoever is hacking and submitting pull requests on github I guess. I'm around to fix stuff if something goes terribly wrong. No one is totally sure where TFT is (or who he was). - Pls create a new thread for technical help and one for discussion to keep some visibility.
We'll make one in the future, but for now I would say expect no protocol incompatible changes. TFT may come out of nowhere with a merged mining client, but it's unlikely any miner will hop to that fork. |
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WTB 15k MRO for 2.5 bitcoins
send PM
Only ~180k MRO has been produced so far... if you find anyone offering this price I will gladly buy some more too.  Buying 5k MRO for 1.0 Bitcoins. |
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Mining steady at 2 hashes per second.  I found that orphaned block only like 10 minutes into mining. Current hash rate of network is 5000 H/s. The odds of you getting a block per day are 0.576 right now. So, within a couple of days you should have some. I think there's lots for sale too over in the exchange thread. |
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I want to mine some monero. But the binaries dont work on my windows 7 32 bit system. Is the cryptonote technology 64 bit only?
Yes, but you can install ubuntu 13.10, compile on that, and run. Ubuntu is free. I dont know how to compile anything. There should be something like ticking a box to start mining on a gui wallet. This looks unfair to noobs Installation of Ubuntu is easy http://www.wikihow.com/Install-Ubuntu-LinuxFollow the steps in the first post to build. It's just copy and pasting commands. |
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2014-Apr-25 05:42:20.905804 [miner 0]Found block for difficulty: 321744
Did I find a block?
Yes your thread number 0 found a block. My wallet still shows a balance of 0. It was orphaned. Keep mining. You will get one eventually. |
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Ut 2014-Apr-25 05:42:20.905804 [miner 0]Found block for difficulty: 321744
2014-Apr-25 05:42:23.223802 [P2P9]----- BLOCK ADDED AS ALTERNATIVE ON HEIGHT 10550
id: <2a92334bd83ba607907373150640d90dcdcf0622082defc7b7fb32db975acfa8>
PoW: <c0afed3424a688cef255d9366fc153d886675bd4984837912007f0ff88210000>
difficulty: 321744
hashrate: 1.4211
hashrate: 1.4211
hashrate: 1.4737
2014-Apr-25 05:42:34.356612 [P2P2]###### REORGANIZE on height: 10550 of 10550 with cum_difficulty 1787632048
alternative blockchain size: 2 with cum_difficulty 1787953665
2014-Apr-25 05:42:37.387165 [P2P2]----- BLOCK ADDED AS ALTERNATIVE ON HEIGHT 10550
id: <2f651e584033e09be5fc0c9810e140dd204d010645f5dcdf619c7bbfa76a1da7>
PoW: <7dd2ed82497142dba548b71fc561d5013acc72d0ace3f5480616aa63d32c0000>
difficulty: 321744
2014-Apr-25 05:42:37.387375 [P2P2]REORGANIZE SUCCESS! on height: 10550, new blockchain size: 10552
Did I find a block? It may have been orphaned. Check your wallet. |
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later integrate GHOST if problems surrounding centralization arise. It's not the end of the world.
GHOST does not address centralization, in fact it may make centralization worse. That said, having essentially instant transactions is at least a really important and relevant differentiator that might be worth a try, if we have the talent and resources on this team to implement it. If not, then a new coin with instant transactions and privacy (and a good launch...) could be a real winner. See the ethereum implementation with 1 min blocks. The technology is used there to prevent mining centralization and essentially "capture" orphans to secure the network. Instant tx as described in the paper is more or less handwaving. |
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I want to mine some monero. But the binaries dont work on my windows 7 32 bit system. Is the cryptonote technology 64 bit only?
Yes, but you can install ubuntu 13.10, compile on that, and run. Ubuntu is free. |
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I''m running at 3.1H/s and found 2 blocks within 12 hours. Am i lucky or this is normal at current difficulty ?
Lucky. |
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I don't know what to tell you smooth. Yes, the situation is not ideal, but tonight we're at 315k on the network.
The miners are speaking. Bytecoin is at 1.7 million now. The miners are speaking but what are they saying exactly? Bytecoin has a dedicated pool -- it's likely Monero will have one within two weeks. |
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One minute blocks that are of size ~1 KB (most of the blocks right now) double the likelihood of a miner getting a block. Selfish mining only becomes a severe issue when blocksize becomes large. You're the one who is concerned about the reward being too small in 10-20 years??!! Obviously the goal is to create a design that is sound for the long term, not focus on a couple of weeks of easy mining when there are hardly any transactions on the network. As was pointed out before, solo mining for small (one computer) miners will sooner or later (most likely sooner) become non-viable whether blocks are one minute or two minute blocks. Maybe not in the first week, but if the coin thrives, it won't be long at all. This was a very short-sighted reason to speed up the blocks. I'm not referring to selfish mining in any case, just regular (random) orphans. If it takes 3 seconds to propagate a block across the network, then with 60 second blocks you will have about 5% random orphans (where two different people solve a block at the same time; only one will survive). This gets much worse when the blocks get bigger (take longer to verify and forward at each hop). If it takes 10 seconds to propagate you are looking at 16% orphans. Pools reduce orphans by concentrating hash rate and directly communicating with the hashers in a star pattern instead of a p2p. You won't be solving a block at the same time as one of your pool-mates very often (due to longpoll/stratum) and the pool will solve on top of its own blocks more quickly than any foreign blocks, so it will win more races. These effects combine to give pools a huge economy of scale. Even with those 1k blocks you describe, there are already plenty of orphans, just look at the daemon output. Bytecoin with 2 minute blocks still has a lot of orphans too. Satoshi was no idiot when he picked 10 minutes, and didn't just pull that number out of his ass. That may be slight overkill but 1 minute is going way too far in the other direction. I don't know what to tell you smooth. Yes, the situation is not ideal, but tonight we're at 315k on the network. The miners are speaking. There will be no merged mining of this chain. We can deal with the adjusting subsidy at a later time via hardfork if necessary. For now, the distribution is properly specified and everyone can make their choice appropriately. One minute blocks yield high orphan rates, but we can later integrate GHOST if problems surrounding centralization arise. It's not the end of the world. I'm sorry you've lost faith in the coin, but I was around for Litecoin and while there were many things I would have done different with that fork, once established it's difficult to sway the majority. I suspect this will be the case for other CN forks, and it'll just end up an eventual shitcoin frenzy with Monero (and ByteCoin) at the top. |
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That is poor output for the 4930K, I am guessing because you are on windows and not using all threads. I have 3930K on Linux and get 18.5 H/s. With the 4930K you should be getting 19.3 H/s
Yeah, I am on Windows 8.1 and using 12 threads :S Mother of linux T_T Yeah, Linux is quite a bit faster. But it's easy to mine using it if you follow the instructions in the beginning of the thread |
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$ tsocks ssh -N -f -D 18080 user@myIP
$ ./bitmonerod
2014-Apr-25 14:51:39.170760 Initializing p2p server...
2014-Apr-25 14:51:39.170951 Binding on 0.0.0.0:18080
... what=bind: Address already in use How can I reverse tunnel with Monero? You need to bind it for the daemon separately, see the arguments you can give it from --help |
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Isn't this like phs?
No, different pos system. |
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I was wondering when someone would come around and implement all of the cool features we are seeing in other alt-currencies at once, yet you seemed to have taken it another step further. How much of the code do you plan on borrowing directly from BTC using their stable base? Without trying to pick on an obvious influence for your current model, it's nice how your are already showing the inner working of the math involved within the original alpha white paper. Something that PPC is still lacking in my opinion. Tacotime, now that you are big on cryptnote, why not using Cryptonote instead of bitcoin as a base? If you plan to take the best of all altcoin, cryptonote would fit in particularly well, don't you think? The large transaction size for privacy is too cumbersome for my PoS system. Also, the btcd refactor is much more easy to code in (and I'm less likely to break things horribly if it's not C). Stealth addresses I could probably integrate. |
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I wonder when all of this will come crashing down.
I was delayed due to government issues. Don't want to discuss it. Work is continuing. No one had given me any money, so it's no ones loss. |
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Hmm Installed the wallet and the bat file, wallet starts but cannot make it to mine, I get error refresh failed : deamon is busy please try later
blocks received 0
Ok just saw someone else with the same problem.
so basically just have to wait?
you need to wait for the network to synchronize, in the daemon type "set_log 1" and you can see what height you're currently on, synced is height 10000+ |
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Wallet:
Error: refresh failed: daemon is busy. Please try later. Blocks received: 0
bitmonerod:
set_log 1 active and it downloading blocks, how long do I have to wait to refresh and/or start mining?
We are on block 10,000+, so give it a little while. If you are on linux, you can use this blockchain.dat (put it in $HOME/.bitmonero) HEIGHT = block number? correct |
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