Been mining Spreadcoin now at a steady 950 kh/s for 26 hours and have found two blocks! Or in other words: 12.6 SPR mined, which at last Bittrex price (0.000242 BTC per SPR) equates to 0.003 BTC, which equates to $0.85 earned or so which at my current electricity rate means I'm nearly mining at break-even for the first time since May 2014 when gpu asic's came out and screwed me and my 7950 over. I know there are many others out there who shutdown their gpu's when it became such a money-losing venture and I'm sure they will re-start them like I did yesterday once they realize that SPR's price is actually positively correlated with difficulty, like Bitcoin used to be years ago. The fact that pools/rentable mega-rigs are not able to rape SPR makes me actually hold the thesis that the prevalence of ASIC's and mining pools, which rentable super-rigs control, has been a primary cause of the crypto bear market over the past year. Take out the ASIC's and take out the coin-raping pools and you get what crypto once was....something pure and intended for the good of all. It's my belief that SPR is likely to be one of the very very few crypto's in the coming months with a consistently trending up price as it gradually gains more and more attention and respect of the crypto community. Keep up the good work, Mr. Spread! JL Edit: This 90-day SPR chart: http://coinmarketcap.com/currencies/spreadcoin/#charts is a thing of beauty. Ouch. 24 hours later without a block for me without a big change in network difficulty. Variance can be a bitch sometimes. Regardless... mining SPR is still 10x's more profitable than the what coinwarz.com shows as their current #1 crypto to mine. JL Edit: Criminy! This lucky fellow ( http://spreadcoin.net/explorer/Sfxc14Aj5FHA7cwLqxZyMxdus5CgVxr9Mw) has solved at least 6% (191 rewards here) of the 3000 or so blocks for SPR in the past 48 hours. I need a rig like his I guess. Update: looks like this address has found 132 blocks (of about 1,000) in the past 24 hours. At least 13% of blocks to this one guy. 5 SPR says it's Illodin  |
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Here's an interesting analysis on the number of mined BTC that have to be dumped per day just to cover electricity costs: https://www.reddit.com/r/Bitcoin/comments/2rajx5/a_minimum_of_1470_bitcoins_has_to_be_dumped_on/I'm curious if anyone has thought of doing any analysis on how SPR being decentralized may change this for Spreadcoin, if it does at all. I personally don't see it being avoided unless we implement a methodology where people with extremely low hash are still provided some SPR like I alluded to in a previous post. |
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I believe I have found what could be a very serious problem with solo mining SPR and master nodes.
Best of luck when you get to that point.
Genuinely not intended as FUD. I think I know what Coins is talking about. Either Mr spread has plans to fix this problem already or the dev team haven't scrutinised the work that Kristov Atlas did for Darkcoin in the context of spreadcoin. Does Spreadcoin have a testnet? Would be interested to take part in masternode testing. It IS by definition FUD if the issue isn't communicated to the dev or the community. There isn't a testnet yet. I'll put a 300 SPR bounty on a miners hash chart. |
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Hello All,
I'm happy to report that an automated script is now available for Linux users to get started with!
This package can take a bare installation of XUbuntu/Ubuntu and prep it for Spreadcoin mining. It can also be used to upgrade an existing rig for Spreadcoin mining. It is split into 5 different scripts that are triggered individually by the end-user followed by system restarts. It contains checks along the way to see whether or not an operation needs to happen (specifically, it checks if Catalyst drivers are already installed in step 2).
Excellent work. e1ghtSpace, can you add this to the mining guide please? |
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Thanks for the thoughtful response JL.
As Spreadcoin can't be raped by multipools who constantly dump into the coin, there is no constant downward selling pressure. This is good if you own the coin but frustrating if you want to try and acquire more without running the price up. As I've posted before, once we hit a certain tipping point, I suspect the price rise will be rather meteoric as people trip over themselves trying to acquire this coin. If Mr. Spread is indeed able to provide IMPROVED masternodes, watch out...
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I believe I have found what could be a very serious problem with solo mining SPR and master nodes.
Best of luck when you get to that point.
No pool feature does not work well with master nodes?  or are you just fudding here and trying to buy cheap spr? He's just fudding. Ignore him. I'll provide 1000 SPR to anyone who finds a vulnerability though. I think we should have a bug bounty. |
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I've been pondering Spreadcoin and what it would take for it to become a top 5 coin. Probably the most important factor is massive adoption. Coming back to that in a second, we see a lot of people not wanting to point their CPU to Spreadcoin because the hash would be so low that it would take XX days to find a block. I understand their lack of desire. People like instant and constant gratification, not gratification every 37 days. And yet, due to the nature of SPR, we need every little bit of hash possible to help avoid large farms taking over. How can we solve this and see massive adoption?
Would it be possible for the following:
When masternodes are implemented, found blocks have the following distribution:
1. xx% to miners who find the block
2. xx% to masternode owners
3. xx% to masternodes which are then automatically distributed evenly to all miners, irrespective of hash rate. So that miner with 25kh on their old laptop sees some SPR trickle in on a regular basis so it's worth it to them to help secure the network. And thus, more people take part in mining SPR and adoption/distribution becomes vastly wider.
All 3 of my old laptops gathering dust would be brought out of the closet if something like this were implemented.
Coins are "Spread" to a much wider audience and the hash rate would explode.
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Here is an edited version of my mining guide. I realised I had two step 3's.
Can SPR be mined on linux? If so, can you add the directions for that? Ok fine. I guess i'll need to install it and figure it out but it shouldn't be too hard. Can you pay me half now and the rest when it's done please? Seems fair. Send me your address. Actually I don't think i'll be able to get it to work on Linux. I tried to mine plain X11 on it before but I couldn't get it to work. Edit: Yeah I definately won't be able to get it to work since i'll need to compile the miners and all that stuff and it might not even work. I'd rather not waste my day.  Edit 2: Are you going to pay me? How about I pay you 400 now and 100 once you've gotten directions for linux added? Ok sounds good! But I don't think i'll be able to add the linux directions. I'll have a go though. My address is at the bottom of the guide. Thanks MyFarm! You don't necessarily have to figure it out yourself. Have someone else figure it out and send some SPR their way. Should be pretty straightforward -- to confirm, you need miner and spread daemon both running on the same linux box? Don't you also need to install the catalyst control centre drivers and compile the miner? Too much stuff to explain for me. I might just fork an auto-config script that's already been written for darkcoin ;-) I'll put a 200 SPR bounty on that. |
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Here is an edited version of my mining guide. I realised I had two step 3's.
Can SPR be mined on linux? If so, can you add the directions for that? Ok fine. I guess i'll need to install it and figure it out but it shouldn't be too hard. Can you pay me half now and the rest when it's done please? Seems fair. Send me your address. Actually I don't think i'll be able to get it to work on Linux. I tried to mine plain X11 on it before but I couldn't get it to work. Edit: Yeah I definately won't be able to get it to work since i'll need to compile the miners and all that stuff and it might not even work. I'd rather not waste my day. Edit 2: Are you going to pay me? How about I pay you 400 now and 100 once you've gotten directions for linux added? Ok sounds good! But I don't think i'll be able to add the linux directions. I'll have a go though. My address is at the bottom of the guide. Thanks MyFarm! You don't necessarily have to figure it out yourself. Have someone else figure it out and send some SPR their way. |
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Here is an edited version of my mining guide. I realised I had two step 3's.
Can SPR be mined on linux? If so, can you add the directions for that? Ok fine. I guess i'll need to install it and figure it out but it shouldn't be too hard. Can you pay me half now and the rest when it's done please? Seems fair. Send me your address. Actually I don't think i'll be able to get it to work on Linux. I tried to mine plain X11 on it before but I couldn't get it to work. Edit: Yeah I definately won't be able to get it to work since i'll need to compile the miners and all that stuff and it might not even work. I'd rather not waste my day. Edit 2: Are you going to pay me? How about I pay you 400 now and 100 once you've gotten directions for linux added? |
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Here is an edited version of my mining guide. I realised I had two step 3's.
Can SPR be mined on linux? If so, can you add the directions for that? Ok fine. I guess i'll need to install it and figure it out but it shouldn't be too hard. Can you pay me half now and the rest when it's done please? Seems fair. Send me your address. |
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Here is an edited version of my mining guide. I realised I had two step 3's.
Can SPR be mined on linux? If so, can you add the directions for that? |
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I see a lot of drk supporters over here, I like that but looks like I'm late to the party. If I had invested in spread what I lost on baycoin I would be in good shape.
Question what does one 290x bf4 edition get with spreadx11. Is it comparable to pre wolf0 optimizations?
Edit: nevermind i just seen the post above mine
Your not late. Last time i looked, you can get 5btc worth of spread up to 0.0005. Not bad really. Marketcap at that point would be around 230,000k? Id put a nice buy wall at 0.0004200, and you may get some miners dumping on you, if thats what your into  Agreed. This would be like saying you're too late to Darkcoin when it was at 20 cents a coin. Cryptosis, post your SPR address and I'll send you a block worth of SPR. yea i know i guess it was just a bad joke, huge up potential with spread my spr address is SdZ2HKJa4kRxhA4BWSgJ5vdTjXjBoH8m1F that would be awesome myfarm im trying to get the amd miner going on one of my rigs but it keeps crashing. do i need to let the block chain syn before it will mine? i tried the miner in the wallet and it started fine Check out this mining guide and see if it helps: https://bitcointalk.org/index.php?topic=715435.msg9980038#msg9980038 |
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I see a lot of drk supporters over here, I like that but looks like I'm late to the party. If I had invested in spread what I lost on baycoin I would be in good shape.
Question what does one 290x bf4 edition get with spreadx11. Is it comparable to pre wolf0 optimizations?
Edit: nevermind i just seen the post above mine
Your not late. Last time i looked, you can get 5btc worth of spread up to 0.0005. Not bad really. Marketcap at that point would be around 230,000k? Id put a nice buy wall at 0.0004200, and you may get some miners dumping on you, if thats what your into Agreed. This would be like saying you're too late to Darkcoin when it was at 20 cents a coin. Cryptosis, post your SPR address and I'll send you a block worth of SPR. |
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Hey MyFarm, was my mining guide good enough? I'm not sure. Let me try and setup mining with it later this evening. In the meantime, if anyone has suggestions that are used to improve the mining guide, I will pay you between 5 and 50 SPR depending on my opinion on the importance of the improvement. |
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Cool, airball wins. Congratulations.
Here's how we'll work it.
1. If you want your 6.66 SPR, PM me.
2. I will edit in the usernames I pay into this post.
Rules:
A. You MUST have already posted in this thread.
B. You MUST have 25 or more posts on Bitcointalk.org
C. If you have a ton of SPR already and ask for 6.66 more, you agree that karma will result in you getting hit by a bus.
List of people I have paid:
The spreadcoin community win !! MyFarm,one suggestion : You can send SPR to those have spr address in their sig. It'll be easier for me to track this way. |
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Cool, airball wins. Congratulations.
Here's how we'll work it.
1. If you want your 6.66 SPR, PM me.
2. I will edit in the usernames I pay into this post.
Rules:
A. You MUST have already posted in this thread.
B. You MUST have 25 or more posts on Bitcointalk.org
C. If you have a ton of SPR already (let's say 5,000) and ask for 6.66 more, you agree that karma will result in you getting hit by a bus.
List of people I have paid:
1. IBGigglin TID: 38aaef7091cfceac1b687ae416f41b2498bb4e6df7c8f5c14f2c07a4bf9f0e0b
2. Noobkidontheblock TID: 9f53d4462b12d0fee5c6e84618b7fc69f8fdabd40aa0a7f216172833822b25c4
3. cryptolemaik TID: 53e64b0aa016d4936df91a7f8db5c4971f80305c9ae19fb7db438b6eb9b9e4b5
4. pokeytex TID: 98e92620d6923b5b0fa9d2059715373417acd8b6746e3409d15824b37ef2cf1f
5. Cryptosis TID: dab3b1be903e81c6cee35d788b43f8839735cb9387ec37bdb339d26007c77ed2
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I'll donate 5 SPR to 40 different people in this thread who have 25+ posts if airball posts proof that he has more than 50,000 SPR.
I don't think he does.
If you're planning to sell size, advertising as much isn't exactly the smartest thing to do. I think he is hoping to shake out weak hands.
I can prove it very easily with solid evidence I have 50K+ spr. 40*5=200 how about let's have a bet? I'll give you 3 addresses whose total balance is 60K+ spr. of course you can check those public addresses from the block explorer. To prove I own those wallets,I'll send 200/3=66.66 spr from each of them into the same address. If I can do this above,you pay me 200 spr. if not,I pay you 200spr. fair enough? want to bet or not? Sounds fair but I don't want to pay you if I am wrong. I want to pay 40 different people in this thread as specified. how about 6.6 spr (the initial block reward after #1300) to 300 people who joins this community now and in the future ?? If I can't prove it,to make things simple,I donate 5K to Spreadcoin community. Whoever loses or win,in any case,it is good for this community. what do you say,MyFarm? Deal. okay,I'll post the proof soon. After that,plz give everybody 6.6 SPR who post his SPR add here. wallet 1: SZ1qpQe6d3hYyLEB31Dzv3M7jgWJQthdvF Balance 1: 22747 SPR -- TOP6 on richlist wallet 2: ScorCyNQJcx7J17iPfHSYHHQBVjg75UwF7 Balance 2: 20388 SPR -- TOP9 on richlist wallet 3: SXbvSDgoutxZHrZJZezsB9fDp4USDGEkrh Balance 3: 19348 SPR -- TOP11 on richlist I've sent 66.66 spr from each of the wallets to this add(a completely new add) : SXGn1TxQ5KAynq2n6DpoxHrWfqt17g996t now,MyFarm, it's your turn.  Here is my add : Sakem3Ed1sDKvMn5GTLNAR5P8V5cw6dewL I don't see the 66.66 transactions from the addresses you speak of: http://www.[Suspicious link removed]/index.php?blockexplorer=SPR&address=SZ1qpQe6d3hYyLEB31Dzv3M7jgWJQthdvF http://www.[Suspicious link removed]/index.php?blockexplorer=SPR&address=ScorCyNQJcx7J17iPfHSYHHQBVjg75UwF7 http://www.[Suspicious link removed]/index.php?blockexplorer=SPR&address=SXbvSDgoutxZHrZJZezsB9fDp4USDGEkrh BE always lag behind,it takes hours to sync. If you dont believe what I said,you can do a test right now. We are all waiting for your lucky coins.  Post the transaction IDs of your three 66.66 sends then please. I'm happy to give away the coins if I lost, I just want to make sure I lost first. |
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I'll donate 5 SPR to 40 different people in this thread who have 25+ posts if airball posts proof that he has more than 50,000 SPR.
I don't think he does.
If you're planning to sell size, advertising as much isn't exactly the smartest thing to do. I think he is hoping to shake out weak hands.
I can prove it very easily with solid evidence I have 50K+ spr. 40*5=200 how about let's have a bet? I'll give you 3 addresses whose total balance is 60K+ spr. of course you can check those public addresses from the block explorer. To prove I own those wallets,I'll send 200/3=66.66 spr from each of them into the same address. If I can do this above,you pay me 200 spr. if not,I pay you 200spr. fair enough? want to bet or not? Sounds fair but I don't want to pay you if I am wrong. I want to pay 40 different people in this thread as specified. how about 6.6 spr (the initial block reward after #1300) to 300 people who joins this community now and in the future ?? If I can't prove it,to make things simple,I donate 5K to Spreadcoin community. Whoever loses or win,in any case,it is good for this community. what do you say,MyFarm? Deal. okay,I'll post the proof soon. After that,plz give everybody 6.6 SPR who post his SPR add here. wallet 1: SZ1qpQe6d3hYyLEB31Dzv3M7jgWJQthdvF Balance 1: 22747 SPR -- TOP6 on richlist wallet 2: ScorCyNQJcx7J17iPfHSYHHQBVjg75UwF7 Balance 2: 20388 SPR -- TOP9 on richlist wallet 3: SXbvSDgoutxZHrZJZezsB9fDp4USDGEkrh Balance 3: 19348 SPR -- TOP11 on richlist I've sent 66.66 spr from each of the wallets to this add(a completely new add) : SXGn1TxQ5KAynq2n6DpoxHrWfqt17g996t now,MyFarm, it's your turn. Here is my add : Sakem3Ed1sDKvMn5GTLNAR5P8V5cw6dewL I don't see the 66.66 transactions from the addresses you speak of: http://www.multifaucet.tk/index.php?blockexplorer=SPR&address=SZ1qpQe6d3hYyLEB31Dzv3M7jgWJQthdvFhttp://www.multifaucet.tk/index.php?blockexplorer=SPR&address=ScorCyNQJcx7J17iPfHSYHHQBVjg75UwF7http://www.multifaucet.tk/index.php?blockexplorer=SPR&address=SXbvSDgoutxZHrZJZezsB9fDp4USDGEkrh |
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