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I predicted this would happen, you cant give miners the chance to mine then NOT expect them to want to recoup their expenditure.
And to be fair they have waited a while and tried not to fuck up the ICO going on, but lets be honest its dragging on a little now isnt it!
I have a lot of these coins now and even I am getting close to selling them below ICO price just to recoup my mining costs
Crunck
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No exchange here?
Soon will hit exchange. Patience... I agree which is why i am mining this  This reminds me a little of the vcoin release and i did rather well on that one. and if the dev needs a hand with anything just let me know. Crunck |
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I'd like to see a roadmap mate, any further informations about your project?
This is the question he asked.... |
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Currently looking for a new dev.
Where is Dev gone ? I dont mind helping out. What blk are we all on now, if my pool matches yours height I will switch it back on |
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I'm tired of coin devs thinking their coin is the best
I never said it was the best, in fact it started out called "Shits & Giggles" so keep up ! |
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So in short slowly slowly is the way to go, and get it out of your head that more hash = more BTC because it dosnt, blocks are found at time intervals and devs set this n the code for example: unsigned int nTargetSpacing = 10 * 60; // Some Shit Coin That coin is set to give out a block every 10 minutes regardless of what hash rate is on there. Hope that helps a little It does help a little. I get that network wite there is only one block every 10 minutes. But, if I increase my personal hashrate shouldn't I (statistically speaking) get a higher portion of the network's earnings? Otherwise, why would anyone contribute more than a trivial amount of hash? So if spending more doesn't increase earnings then why would anyone mine? I mean getting 25% is great, but if you can only do that on $2 per day then its still only 50 cents. --Jacob Yes you are right in some respect and if your on a large pool then yes the larger amount of hash your provide the bigger slice of the block you get but its still all relative to the difficulty as the more power you send the pool the more the difficulty rises which then means you have to spend more to get more power to get to the new difficulty. Here is an example of how i fucked up last night, now you have to bear in mind i have my own pool so only me mining this particular coin. I put 11TH/s of rented hash on titcoin and got 85 blocks in a 3hr window, now I lost BTC on that and the reason is I needed less than half the 11TH/s to get the same block number results, in fact right now I am mining it again @3TH/s and getting the same amount of blocks at the same time intervals I did with the 11TH/s but this time i have cut my costs by 3/4 and am now in profit. I also take on board what you say about LEA only making $2 but multiply that by a full day and then multiply again by in my case around 25 different coins doing the same thing and it makes some decent beer tokens for the weekend  The TIT coin is almost an exact copy of your issue, I threw too much hash at it Crunck |
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Nevermind, coins coming at a steady pace now I am mining on megahash as well and from what i can work out it pays out once you have a min of 1 Swing yep  , im guessing ure the guy with around 20 th/s? I come and go depending on blk count |
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What has insane got coming up ?
Im thinking of buying some but after sending crunck a pm im unsure now he tells me that he was pushed out and that Bittzy78 has taken over so the new wallet that he had done wont be released now.
Is there any new stuff coming or is this is a nice website, poswallet, and some kind of affiliation with a chat room ?
That's not exactly what I said was it ! I said I had not spoke to the team for a while for a variety of reasons, ie I have been working a lot, someone else on the team is having child etc etc and on top of that its XMAS And further more if you believe INSANE is only about POSWallet, A nice website, and a chat room I suggest you are better off investing in this coin as I feel it's a perfect fit for you : https://bitcointalk.org/index.php?topic=1722069.0So this has already changed dev's? or I read that wrong kinda. So hes not releasing wallet because he really didnt care about this community? Hey thats a good thing that he wont release the wallet then. Shows that they never cared about the project or the users. Would rather them walk out the door now then when they have all your btc :p And @ EpyxZ instead of reading and reacting to a newbie post, why not either ask an INSANE team member or better still PM me There is no need for : So hes not releasing wallet because he really didnt care about this community
Shows that they never cared about the project or the users
Would rather them walk out the door now then when they have all your btcRight time for a can of Natch now |
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I am new to crypotocurrency mining and I recently had an experience that I would like to ask about.
I short-term leased 100MH/s Scrypt hashing capacity and pointed it at a certain pool. I noticed the pool total was about 1.5GH/s at that time.
I watched it for 6-8 hours and I was making about a 30% profit over my costs. In that time I spent about 0.002BTC and had a balance on the pool of about 0.0025. So, convinced, I increased my hashrate to about 1GH/s and left it alone for several hours. After the increase I spent another 0.008BTC but my total earnings (for both timeframes) was only abut 0.0055BTC.
So after my increase I was a large portion of the pool's hashpower (about 40%). Does a pool reach a point of saturation where additional hashpower has no benefit?
I know that there can be diminishing returns on coin networks, but it would seem to me that I can't possibly have been a large portion of the worldwide Scrypt capacity, even though I was a large portion of the pool
Thanks,
Jacob
You have any number of things going against you in that scenario, the first issue that could have occurred is the "difficulty" if you were making 30% @100MH/s I would say you were right on the money, but when you jumped from the 100MH/s to 1.5GH/s (which is a pretty big jump if the net hash was not massive and i guess it wasnt to have given you the 30%) the difficulty would have gone up also and i suspect ot went up so fast you hit quite a high difficulty number that then took a long time to reach and the difficulty lower ------ That is probably what happened. An example is I quite often mine Lea as it returns a profit quite often, but you need to take a few things onto consideration ie diff, nethash, poolhash and of coarse price, now if i mine Lea with about 1TH/s I make on average around 25% on my expenses, yet if I mine it with around 5TH/s I break even and anything above I lose and its all down to me jacking up the difficulty too fast then taking ages to get the share and dropping it again. If you are going to go from 100MH/S to 1.5GH/s do it very slowly and not just hit the coin with such a large increase because the coin will all ways set the difficulty above what the 1.5GH/s is supposed to be because it will presume the miner hash is still increasing. most coins are on a 10min or so retarget so it will take that amount of time for the coin to realise that 1.5GH/s is as far as you are going. So in short slowly slowly is the way to go, and get it out of your head that more hash = more BTC because it dosnt, blocks are found at time intervals and devs set this n the code for example: unsigned int nTargetSpacing = 10 * 60; // Some Shit Coin That coin is set to give out a block every 10 minutes regardless of what hash rate is on there. Hope that helps a little |
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Nevermind, coins coming at a steady pace now I am mining on megahash as well and from what i can work out it pays out once you have a min of 1 Swing |
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Well this dosn't look good 40 orphaned in a row now, and my balance has just gone to zero with me not doing anything  |
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Ok the person that is stuck on the block, shut down the client and re start it that will prob solve your issue
The guy that cant get his to sync even with new conf file please PM me a screen shot of what you icobid roaming folder looks like please, i dont want to see the inside of your conf file just the inside of your roaming/icobid folder
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So Bittzy78 are you now the lead dev and has crunk gone, he seemed the one that knew the code ?
I am still here lurking around the corner and watching |
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You have a wrong .conf file, Nelson.
Please rename file icobidconf into icobid.conf
This is due to you hide common file extension.
Please follow my guide below:- Open folder explorer (my computer) - Choose View on Menu bar > Options > Change folder and search options - On View tab, untick "hide extension for known files types" - Now, return to ICOBID folder in roaming, rename file icobidconf.txt into icobid.conf which has content below rpcuser=yourname
rpcpassword=yourpass
rpcallowip=127.0.0.1
listen=1
server=1
addnode=82.211.19.114:43282
addnode=35.163.193.118
addnode=35.163.227.75 You might want to add something here so your users don't have to setup a .conf file at all.. https://github.com/Pioneer8816/icobid-platform/blob/master/src/net.cpp#L1231-L1232Or here is also a possibility, https://github.com/Pioneer8816/icobid-platform/blob/master/src/net.cpp#L1300-L1302If you need help with that, pm me The new Windows wallet release has two hard coded nodes added that were given to me by the OP My wallet runs without a .conf ( new release ) I guess they didnt update the src to reflect the hard coded nodes. static const char *strDNSSeed[][2] = {
{"1", "35.163.193.118"},
{"2", "35.163.227.75"},
};Cheers Crunck |
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For the record I havn't scammed anyone I created two coins for this muppet and have now passed them to him, there was a delay as I was away but he now has them:
Info:
Name: romecoin
Tickr: rome
PoW/PoS
Algo: X13
Time blocks: 360 sec.
Block reward: 900
Halving rate : 1000000
Premine: 15% 315 000 000
Total coins: 2,100,000,000
PoS: Yearly Interest 70 %
Min.Coin age: 1 days
Max age: 10 days
Info:
Name: rootcoin
Tickr: root
PoW/PoS
Algo: sha256
Time blocks: 180 sec.
Block reward: 888
Halving rate : 1000000
Premine: 15% 306900000
Total coins: 2,046,000,000
PoS: Yearly Interest 50 %
Min.Coin age: 2 days
Max age: 8 days
However he is pissed and is obviously not going to remove his thread, take is as you want I dont care, I make between 1-2 coins a day for people i see no one else moaning, and for the record both these coins will be shit when he releases them, not that he can I guess as that would prove i have done them for him...
I shall not be saying anything more on this as I dont play juvenile games !
Crunck
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You can all paint me as red as you like, and take the word of the OP no problem
Cracks me up how you lot seem to think you are the forum police, how about I name the 8 coins this clown has released and is at present scamming your community with, why not get your detective badges on and go figure that out!
Oh and he has his coins, not that you lot give a shit :
Info:
Name: romecoin
Tickr: rome
PoW/PoS
Algo: X13
Time blocks: 360 sec.
Block reward: 900
Halving rate : 1000000
Premine: 15% 315 000 000
Total coins: 2,100,000,000
PoS: Yearly Interest 70 %
Min.Coin age: 1 days
Max age: 10 days
Info:
Name: rootcoin
Tickr: root
PoW/PoS
Algo: sha256
Time blocks: 180 sec.
Block reward: 888
Halving rate : 1000000
Premine: 15% 306900000
Total coins: 2,046,000,000
PoS: Yearly Interest 50 %
Min.Coin age: 2 days
Max age: 8 days
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My wallet is syncing fine. And mine, I have 9 active connections The new wallet will be released soon I guess, with the hard coded nodes the ICOBID team have purchased so that should solve all issues with syncing, I have built it and passed it to the team for them to check and release. Crunck |
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Please ignore all the fud above, we are well aware of the up coming end of POW
I have all ready stated a new wallet is on its way, and will hold new nodes that will be hard coded into the net.cpp.
Please do not use any link provided by mountaind it is not endorsed by any of the INSANE team, and we have no idea if its been corrupted.
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