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UPDATE:- ========= I use FreeFileSync, which is awesome, and free obviously, and Multi-OS... I re-synced my blockchain copy folder again from my blockchain backup folder from 30 July 2017 - about 3 GB was different - I BitcoinABC rescanned the folder, which took about 30mins ish... The BitcoinABC wallet then connected to a bunch of other nodes, all with the same top block number as BTC, so, yeah, NO, this doesn't seem to work !!!So, currently, if you don't hold it, or can't get to it, you don't own it, so effectively its either not yours or is worthless to you... BCH Trash Cash is just that - a joke from beginning to end - free cash my ass - more like free trash... what a waste of time, effort, and frickin disk space and network / internet bandwidth !!! BCH Trash Cash gets the top award for being the most useless coin around, as far as I can see !!! BCH Trash Cash to $5, if that !!!  I think the lack of responses to this post really says it all !!! Cheers !!! |
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hey cheers for the reply !!! ok, I deleted the *.blk files back to 30 June 2017, ran BitcoinABC with -datadir=blablabla and -rescan switches, and BitcoinABC had a cpp hissy fit, crapped on my live BTC folder copy folder, and am now 8 years behind on the blocks, with blk000000.dat dated today and currently 16MB in size my blk0001.dat onwards are dated 12 July 2015 and are about 125MB in size I still have a total folder size of 135GB ...thats cool though - I figured I was screwed anyway - thats what backup copy backup folders are for - man, I got sooo many GB used in blockchain live and backup data, it makes me sick !!! and most of that is BTC / BCH / Armory databases... Looks like its BCH game over currently for me...so, if I can download 2GB a day without too many nitemares, I'm gonna need to download the BCH blockchain for how many days...I mean weeks...I mean months... Whoever said "Big Blocks" are a good thing really needs a frickin reality check !!! Cheers again for the reply - very informative, very well written, very much appreciated !!! The illusion of making progress, yet also making no real progress... |
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hey everyone Before the BCH fork, I folder coppied my BTC Blockchain folder, trying to be clever, so I didnt have to re-download the BCH blockchain again, in theory...Last night I tried using BitcoinABC wallet with the blockchain copy, and it was syncing, only from 1 other node, but that node had a top block number that matched BTC, not BCH top block number... There is no chance of me downloading the BCH blockchain from beginning if I've gotta download 150GB again... I don't think I balzed anything up... Any help or info well appreciated... Cheers !!! |
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Hey everyone Just wanted to say that it appears that the main forum for the X1 and X3 on the ecointalk.net forum website no longer works. This is the link to the forum archive on WayBack Machine in case it helps anyone... - https://web.archive.org/web/20160414051942/http://ecointalk.net/Here is my dropbox share for the files that I use to fix my Android X1 - make sure you use the correct firmware for your X1 as I think there were 2 different control boards that were used, so using the wrong firmware will brick your miner... !!! - https://www.dropbox.com/sh/xhn0giori7u2k5a/AAAF9mRpJS3ZCKjtLjvSXqn_a?dl=0If your having problems flashing your firmware, make sure your using a Micro SD card thats 8GB minimum - I wouldn't go larger than 16GB or 32GB really either...  I have a dedicated 8GB X1 reflash Micro SD card that I don't use for anything else...creating the Micro SD card from the image wipes / overwrites the card your using... !!! I only have the firmware file for my X1, but if anyone has the other firmware file or anything else relevant, I'll upload it to my dropbox share too... I remember Jumbley and Stuart from Logic Ethos were great forum members on ecointalk.net if that helps anyone aswell... I'm sure there were other great forum members on there too... and on here... You can also find me on Youtube... Think thats all I got... Cheers everyone - take care... Sonix711. |
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...once again, cheers for the replies and posts... ok...yes, I had my own crypto, but that should show that I am knowledgeable about as much of the internals and externals as it takes to achieve a functional crypto...the question of the actual final outcome of my crypto is neither here nor there as it really has no relevance here other than either to say who did more or less successfully than the other or unless one is trying to learn from the others successes or mistakes...This forum is not about my crypto, its about yours, cheers all the same...or at least in the current context it doesnt feel appropriate to me... It seems that you are better than me at selective question answering Jim, as this has got to be at least the third time I have questioned about the pool you were beta testing... I'm pretty sure I have never been to Cryptopia's website, let alone to check the value of UNB...And I was always looking to add value to a coin, not just to mine it for proffit, or at least not short term proffit...even if I had a pool, I wouldn't dump all my hash rate on it, cos that not only would defeat my original primary objective's, but would cost me even more of a loss than I was already at that point running at...old kit is old for a reason...some might say I'm stupid running even my other ASICS at a bit of a loss, currently, but if its the underlying fundamental of trying to keep decentralisation in the network, as best as you can, then sometimes you gotta do what you gotta do...I hate Tesco's Supermarket with a passion, but they are right this time - "every little helps"...The only reason I havent upgraded my mining kit is because everything seems to require Killowatts of electric, and that for me, is just not feasible, for a multitude of reasons... Thanks for your honesty Jim...I'm sure you've got most of those coins stored somewhere other than iSpace, right...? I still say it would have been overall more beneficial to the network, long term, to have added the hashrate in a smaller amount over a longer period of time, or not focused on that at all...Ha, is long term proffit any better than short term proffit...for any of us, me included...if it comes at the expense of more important underlying fundamentals...Not sure if we are back at morals and objectives at this point... Right...I think this might be the first I'm hearing about a pool other than iSpace or Jim's beta pool... If I remember rightly, the pools I tried were in the large post that Jim made several or so pages back...I figured that was the most up to date list, considering...and most of them didn't work, one way or the other... Ha, the problem with assuming, is that if you assume the question you want to ask probably won't get an answer, then unless you still ask the question and hope for an answer, you are only left to assume that of all the answers you can see, it has to be one of them, so which one is most likely the correct answer...in theory...But it is true, you shouldn't assume...I'm not always right, but at least 50% I am... Is it any better to assume than to play "knock, Knock, Guess who..." just another double headed coin - or is that double tailed coin? When there is less of an overall, something, then if something changes within that something, the effects could be greater or smaller, depending on how much relevance or how much of that something, effects the original something, or anything else around that original something that could then, directly or indirectly, effect that original something, in a small or large, short or long term way... Perhaps something like "The Butterfly Effect"...perhaps not... something like ETH valuation effecting BTC valuation effecting UNB valuation...lets not even add fiat currencies into that equation... Anyway... I'm sure I have made an impression on here, for better or worse, one way or another, so, as requested, I have nothing to add that will give UNB value if this is where we are at...But remember to keep asking questions, and especially to keep looking out for when and if the answers appear... Have fun pumping and dumping...both on the hashrates and on the exchanges...mmm...a pump and dump future might not be so bad... Cheers ! |
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ok...cheers for the posts... If UNB is to be sustainable long term, it needs responsible people making responsible decisions for the best of the community as a whole...I dont call taking the base hashrate from 2TH to 24TH any more responsible or sustainable than it ending up at 2TH in the beginning, and completely shot block times... if that entire 20+TH amount is of your doing, Jim, is that really looking at long term sustainability...In my opinion, it should have been spread over a period of time that at least would appear to be more sustainable, even if it was only really intended to be short term...by the sounds of it, the last 6 months has been the most stable that UNB has been...until now...anyone can rent a bunch of hashrate and think they are being clever...what happened to the UNB that was mined...if it has been or will be used to better the whole UNB ecosystem, then that is awesome, but so far I am assuming they were dumped on the exchange to pay for the 20+TH hashing power... The time, currency, and effort should have been used more wisely and professionally to sort out the lack of full nodes at minimum, if not much more... what happened to the pool that you were beta testing Jim... The value of a coin should be based on the infrastructure that supports it as much as the maths behind the coin itself...yeah, theres a block explorer and an exchange, and a list of full nodes, which is great, but again, if there are almost no full nodes, and the pool shows you mining basically all the blocks, and running basically all the hash power, thats a bit of a joke really...Jim, considering your spose to be the main man here, I can't say your actions have been that impressive an example that others should follow... I cant commit TH in power, but I can definitely commit more than 7GH if I wanted to...but I definitely wouldnt now... Cheers for watching my original UNB vid - https://youtu.be/buMJBcHRAeEHeres my new UNB vid documenting this forum and events since I started until yesterday - https://youtu.be/eweDwENxc9UAnyone that doesnt agree with my views is most likely still here and is welcome to comment... Anyone that does agree has probably already gone by now... Current full nodes = 4 iSpace Hashrate = 6.24 TH iSpace last 10 blocks found - 9 found by miner "Jim" last 3 block info - this is interesting... 46,349 10/07/2016 12:51:59 39 left 24,965,256.25122045 13,683,162 Jim 50.00000081 46,321 10/07/2016 09:54:18 11 left 24,965,256.25122045 3,184,495 Jim 50 46,314 10/07/2016 09:08:16 4 left 24,965,256.25122045 58,517,243 Jim 50 it appears that someone, somewhere, is either solo mining UNB, with however much hashrate, or there actually is another pool other than iSpace out there...otherwise the block confirmations would be 49, 48, 47 and not 39, 11, 4 ... best of luck... Anyway... I'm not an internet Troll, just someone trying to do some good for the better of the community...one way or the other... Cheers ! |
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...Its currently unsustainable unless the only purpose of UNB is to be a great short term pump and dump play thing, and screw everyone that has more morals and actually looking for a better long term outcome...
2016 blocks, at 1 block per 5 minutes, is spose to average at a week if I remember correctly, not a frickin year...you've seen it before, which means you'll prob see it again...probably worse...cos none of the underlying fundamentals have changed...
UNB was recovering, slowly, from last time this happened, but looks like its now gonna be back at BS status again... !!!
Don't blame me - I never started this - blame Jim and all of the sheeple that he still seems to be leading...go on everyone...get involved, rinse the pants out of it, then take it to its true current value of basically 0... see how much you really made or lost, then you can consider if you are actually more clever or more stupid than either the average, or just the rest...
Jokes all the way...
EDIT - Just thought I would say - theres about 4 hours, give or take, until the BTC block reward halves from 25BTC to 12.5BTC per block...
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ok...it's 4:20am...and noone else seems to have double checked to spot this, so please dont moan, cos its gonna be as good as its gonna be bad... The calculations made using alloscomp mining calculator - https://alloscomp.com/bitcoin/calculator - are slightly incorrect - part of the website encoded maths formula has the block total set at 25 BTC per block, whereas UNB is still on 50 UNB per block... this means the originally posted figures that I will re post as is, need to be doubled, so mining with 7GH will get you double, but so will mining at 24TH... current difficulty = 24965256.25122045 ( 24.9 M ) so, 24965256.25122045 / 4 = 6241314.062805113 ( 6.24 M ) ... 7 GH, 6.24M Difficulty, 25 BTC per block - YOU GOTTA DOUBLE THESE FIGURES FOR 50 UNB PER BLOCK !!! per Day 0.56403917 BTC $0.56 per Week 3.94827420 BTC $3.95 per Month 17.16794229 BTC $17.17 ... 24TH, 6.24M Difficulty, 25 BTC per block - YOU GOTTA DOUBLE THESE FIGURES FOR 50 UNB PER BLOCK !!! per Day 1933.84858908 BTC $1933.85 per Week 13536.94012353 BTC $13536.94 per Month 58861.51642997 BTC $58861.52 ... 2016 x 50 = 100,800...1933 BTC x 2 = 3866 UNB per day at 24TH...100,800 / 3866 = 26.07346094154165 days to mine 2016 blocks at 24TH 3866 UNB x2 = 7732 UNB per day at 48TH...26.07346094154165 days / 2 = 13.03673047077083 days to mine 2016 blocks at 48TH Double that again to what I saw today at one point of 100 TH... Sorry this doesnt seem to get any better each time...rewards have doubled, which means the time to mine the next 2016 set has halved...this next 2016 blocks is gonna fly past so fast its gonna be unreal... I still recon...get out before its too late, and stay out...otherwise, good luck for the 2016 blocks that follow after this next 2016 is done... This is the pump and dump...pos couple days until bubble inflates, a couple days of frantic mining and double bubble, then its prob gonna be game over...again, really sorry... lets hope I'm wrong... |
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The whole thing is a joke - UNB's underlying backend infrastructure will not currently support anything of that size I'm sure...it probably really shows that there are too many suckers out there with too much money and not enough brains...judging by everything that recently happened with Ether, I'd say that was pretty accurate...so, yeah, actually, anything ridiculous is possible nowdays, that proves it I spose...but I know for sure that I wouldnt currently invest anything other than rinsing it on the forum to try to warn others of what they are probably letting themselves in for...sorry if that doesnt help you much...
If people don't take this seriously, then they probably deserve whatever comes to them, however harsh that may sound or be...
UNB is now BS as far as I can see, but I am happy to be proven wrong...
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We just passed 100TH...like 3 days ago we were at 2TH - show me something that is sustainable and long term and I might be interested...
No offence, but I couldnt give a crap about other vaporware or ponzi coins...thats what made me like UNB in the beginning...
If everyone is a sheep, lets hope its not a wolf leading you to the slaughter, cos otherwise its apocalypse for as many people as deserve to have it happen to them...theres hoping for a good thing, then there's taking advantage of anothers misfortune or lack of understanding or forsight...only time will tell who is right and who is wrong...I'd like to be wrong...how much do you hope or need me to be wrong...
Its a perfect setup...for a complete pump and dump...the question is, who will still be here after everything is over, and who will have really gained and lost...
I reccon in 3 days it will look different from now, and probably be back here again in a week wondering what just happened...
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Cheers - I'm not sure if i'm glad you agree or not... Also, I am certain that this is a sort of pre-medetated, slightly planned, rush job on the hash rate, to time the UNB 2016 block difficulty change to be almost exactly in line with the BTC block halving...sometime tomorrow I think...we are now at UNB block number 46,212, the difficulty is changing at block 46,368...so... 46,368 - 46,212 = 156 blocks left...easily done by tomorrow with 25TH I'm sure - I havent done the maths, so I could be wrong... From my first original post - https://bitcointalk.org/index.php?topic=539945.400... The current maths for unbreakablecoin blocks looks like:- last 2016 block = 44352 current block = 45871 next 2016 block = 46368 46368 - 45871 = 497 blocks left until difficulty change every 2016 blocks. currently minimum of 1 block found per day. 1 block per day = 497 days / 1 year & 132 days 1 block per 2 days = 994 days / 2 years & 264 days 1 block per 3 days = 1491 days / 4 years & 31 days etc ... ... So, there were 497 blocks left 11 days ago, and now there's 156 blocks left...497 - 156 = 341 blocks found in 11 days...so...341 x 50 = 17,050 new UNB mined in 11 days... I don't know how bad that really is, but if it was 50 UNB per day, for 7 days, it would be 350 UNB by the end of the week...however long that went on for... This could be the worst case of hyperinflating a currency I have ever seen considering its in such a short space of time... I am certain UNB is about to get the doing of its life, then back to now, but probably much worse... But it does seem that Jim is happy rinsing it for all its worth, one way or another...which is not the way to set an example and show that you still care about the project...otherwise, why everything now...nothing is ready... there are definitely less pools, most likely less full nodes, and too many people, including Jim, looking like they are out for some sort of short term gain...so far, the only person that has proved to me that they can be trusted with a large amount of hashing power is CrackFoo, who helped us with the possible iSpace fork when I first joined - I'm sure they have had the hash power and opportunity before now to rinse the network back to where we are now any time they wanted to, but didnt, so credit to CrackFoo definitely for not rocking the boat - I'm sure they knew that it if it wasnt sustainable, it wasnt worth it - rinse when everyone is rinsing...safety in numbers, until the bubble pops... I find this all to be the most hillariously unfunny joke at the moment, and all of it started the day Jim made a re-appearance...whatever the outcome, I'm sure he's the man that started this, and by doing everything the way he has, has made me question everything UNB related...which is probably a very good thing...he shouldnt be using UNB as his own personal ponzi scheme, now timed perfectly just in time to pull in new suckers from the BTC outrush, which will keep the ponzi going for just a little bit longer again...minimum hassle, maximum output... Jim has made it all look like a top down pump and dump ponzi scheme...even if its not...or at least wasn't 11 days ago when I first joined... The amount you stand to make or loose is relational to the amount you hold originally, of one type, and of the other...but really, UNB isnt any much better than anything from the banks or from the govs, or quite possibly from any of the other ponzi or crap coins out there... I honestly thought UNB was better than everything that is currently... Would I still buy UNB...only if I waited for the top of the bubble to come, then I would short the absolute pants out of it all the way to 0, where noone but Jim deserves it to be, making whatever loss required, ...then I would hack attack UNB until noone ever wanted to get involved with it again, and it would be a mark that hung over Jim forever...Thats how you treat people that crap on others for their own selfish gain... Honestly, I don't think I would do this, but, thats what I call a short term gain for a long term loss, although, if the top man has already cashed out at that point, its really only everyone else thats still involved that gets effected at that point...but it might be enough to piss a few more people off...the more people you piss off, the more you have to watch yr back... |
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I can't hold back...Today, I just gotta post something...especially seein as noone else has... The hashrate on iSpace has gone full blown bubble - current hashrate is about 70TH...now back to 30TH... The current block, according to BlockExperts, is 46,208... block 45,980 is the last block recorded on here on 6th July, 2 days ago - so that means 46,208 - 45,980 = 228 blocks found in 2 days - thats 228 x 50 = 11,400 new UNB mined...so, how you guys lovin your hyper inflation compared to the last half a year or whatever time period... at the very minimum, I pretty sure you can thank Jim somewhere along the line...gotta love a great leader... The full node infrastructure that supports UNB is so small that as long as you can count to 5 full nodes, then thats more of an achievement for you than it is for UNB...in fact, it makes UNB and any value held within it at like 99% risk of being worth nothing... It's nice to see someone other than Jim mine a block on iSpace... It seems that nearly all hashing power, if not exactly all hashing power, is being run through iSpace, which again, is not only centralising control of a supposedly decentralised network, but, doing the maths that iSpace has 1 full node, and there are only 4 more out there, it puts any value in UNB at 1/5th, or 20% risk of so much of all sorts... If your car doesn't work properly, putting extra fuel in it won't help...!!! I thought UNB had so much more potential that what is is currently showing...perhaps now my true mission is becoming apparent - to expose UNB as the pump and dump ponzi scheme it really is, and help drive the price to 0 unfortunately that won't help anyone already involved, sorry, so perhaps is the time to get out, and not in... T-Shirt advertising...you got to be kidding me... !!! Get out while you can, that's what I reccon... This network is unsustainable the way it is currently operating, any valuation increase is most likely if not definitely not going to cover overall running costs when its all over, and you think 1 block per day is bad, especially when its spose to be 1 block every 5 mins...I predict either a minimum network requirement of lucky number 7TH to keep 1 block per day going, or the original base rate that I saw of 2TH making it prob 1 block every 3 days... The question is, am I wrong... Either way, something that started with good intentions now seems to be nowhere close to those original intentions... I don't see a pump and dump ponzi scheme like UNB to be of any benefit to society as a whole... I'm just gonna cheer from the sidelines as UNB falls over itself and implodes back up the ass of its creator... Jim, I had a lot of respect for you and what I thought you were trying to achieve with UNB...where did it all go wrong... To little, too late... Jim, would you sell your mom to save yrself? If I was you, UNB would have always been my baby, and it seems you havent been there until it suits you... This ponzi pump and dump looks like its well on its way already... so many stupid people - I found my intelligence, looked at the bigger picture, and realised what was meant to be just no longer is... so, Jim, where did yr talk of a pool end up... so much BS its unbelievable... the next 2016 block difficulty starts very soon I'm sure...its after that following difficulty that the UNB sun will really set forever...that I am sure of... I could always be wrong though...which would be of benefit to everyone thats stuck here currently I'm sure... for every winner you gotta have a looser, and for every ponzi scheme you gotta have suckers...how many suckers will UNB have after reading all my other posts and then reading this one...Im sure they will be saying "wow, thats a contrast to the others !!! " damned right !!! I don't know if I'm more pissed at all the effort that I put in only to see everything now, or that I put in any effort in the beginning... Jim, I think you got a lot to answer for, and probably not enough good answers to satisfy... Sonix711. |
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Jim said something about a pool server in beta testing...it wouldn't be so bad if the blocks had been mined on that pool, and not iSpace pool, to help test it and get some funds into the pool server wallet so there wasnt a delay between blocks being mined and confirmations and being able to withdraw...or is it already certain that the pool wont mine that many blocks that the delay won't matter...if the pool actually goes live...
Cash out short term or hold for long term (which might not be worth it), dont bother mining unless you got at least 500GH solo, and even then theres still no guarantee, or sign up to iSpace, the pool with more crypto pots than fingers to put in them...dont ride the pump and dump, or if you must, get out before its too late and your back in loss, obviously, and lets see if UNB can pull through this one without being too badly damaged...then perhaps re-evaluate the situation...which I can't believe will be much different than now...thats what I think anyway...lucky number 3 - 3 months we will definitely know where we are at...perhaps even 3 weeks might be enough of an insite...
Cheers !
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UNB block reward halving at 800,000 blocks - reward halves to 25 UNB per block... Current Block = 46181 - https://www.blockexperts.com/unbiSpace Current network graph hashrate = about 250TH, although i'm sure thats spose to say 2.5TH or 2,500GH... I can't believe were running at 250GH, so, er, yeah... BTC reward halving every 210,000 blocks - first 210,000 blocks reward halves to 25 BTC = done...next halving = 420,000 blocks - reward halving to 12.5BTC per block... http://www.bitcoinwatch.com/current block = 419,711 420,000 - 419,711 = 289 blocks left Blocks last 24h = 133 Blocks avg. per hour = 5.54 1 block every 10 mins, so 6 blocks per hours... 6 x 24 = 144 blocks per day Bitcoins sent last 24h = 2,479,958.40 BTC Transactions last 24h = 217,125 as much happening as there isn't... |
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Try these maths instead...again, as long as they are correct...
Difficulty = 6241314.06281 ( 6M )
Hash Rate = 25TH / 25,000GH
Exchange Rate (whatever) = $1.0 / £1.0
per Day 2014.42561362 BTC $2014.43
per Week 14100.97929534 BTC $14100.98
per Month 61314.07961455 BTC $61314.08
50 UNB per block x 2016 blocks = 100,800
100,800 / 2014 ( 25TH ) = 50.04965243296922 days
100,800 / 4028 ( 50TH ) = 25.02482621648461 days
100,800 / 8056 ( 100TH ) = 12.5124131082423 days
Pick the one you think it could be...or continue going until you can...then perhaps cry even harder cos if that amount of hashrate leaves as quickly as it appears, I reccon UNB will be screwed...it went from like 50TH down to 2TH last time if I remember what I read correctly...this means the difficulty after the next 2016 blocks will probably end up being higher, like double if not more, than what it is already at now, so thus it gets more expensive to run...50 down to 2, 100 down to 4, or even 2, so 3 block a day goes to 1.5, or 1 block a day goes to 1 block in 2 days...after every pump and dump it will probably need more hashrate to stay running, even at the smallest rate...so either the coin valuation has to increase, or everyone has to just suck up extra costs, or not moan about the massive transaction time delays...which is what is basically happening now...UNB, the slowest payments infrastructure in the world?
is this gonna be the quickest pump and dump in history?
good luck with that one...again, unsustainable as far as I can see...
EDIT - Maths adjusted...actually wasnt really that much different anyway...cheers...
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Tertius993 - you are a frickin legend !!! cheers !!! if my maths is correct... current difficulty = 24965256.25122045 ( 24.9 M ) so, 24965256.25122045 / 4 = 6241314.062805113 ( 6.24 M ) alloscomp calculator - https://alloscomp.com/bitcoin/calculatorDifficulty Factor = 6241314.06281 Hash Rate = 7.0 GH Exchange Rate (obviously not correct, dunno what it is, not what I'm interested in...) = $1.0 ( £1.0 same difference ) ( BTC / UNB - same difference ) per Day 0.56403917 BTC $0.56 per Week 3.94827420 BTC $3.95 per Month 17.16794229 BTC $17.17 ok...so, looking at the per day mined amount, this in theory is either the average amount you would mine though a pool per day, or, again in theory, the average amount it would work out to be per day if you mined a block solo mining with just 7GH, however long that would take... This obviously does not take into consideration things like what we have just seen, and if that was anything to go by, there is no way the next 2016 blocks will be slowly mined, and then it's just back to where we are again now for the following 2016 blocks... now... 1 - this is completely unsustainable for the future the way it currently is... 2 - the only way forward to get around this is to run pools, and perhaps more pools from those pools, but every centralisation obviously removes decentralisation...otherwise were back to the deepest pockets with the most amount of hashrate...basically a cross between a pump and dump and a ponzi scheme... 3 - the choice in ASIC kit, especially new ASIC kit, is fairly pathetic really, especially again considering what we just saw, so unless the masses can cpu / gpu mine, or get ASICS and not break the bank, you cant mine UNB or BTC properly anymore, so that is really the biggest limitation unfortunately...plus greed means that most people will only stop when it's too late - print your currency into the history books... 4 - UNB is prime for pump and dump, and until something changes, that's exactly how it's gonna stay as far as I can see...yes, this is depressing... 5 - Even more serious though is the BTC block reward halving from 25 BTC to 12.5 BTC per block, happening sometime in next 2 days - there is gonna be a flood of ASIC miners, just like me, but prob with more hashing power and a lot less morals, all looking to pump the pants out of UNB and anything else that seems worth it...as far as I can see anyway... I can't honestly see now why I would want to be involved in UNB, or really any other crypto, if this is all that happens...UNB to me was the best of the SHA256 coins, and looked like it had potential for so much more than just trying to make some money...its easy to buy from an exchange, but thats not really being part of it unless you do something good with the end result to add overall value...something other than just pay the bills incurred...I still have a large amount of ASIC hashing power compared to what you can get from GPU / CPU miners - I shouldn't have to buy UNB from an exchange... I realised earlier...its convenient that, say, just over 50 blocks were mined in one go with iSpace, and that just so happens to be the same amount of blocks needed to get enough confirmations to get a payout, excluding fees etc...I reccon this semi-silent pump and dump has been going on a bit longer than just now in varying degrees...not to mention whatever then happened on the exchange etc... Great intentions, bit of a joke in the end...I reccon...get ready for the pump, then the dump, and back to however long to mine the next 2016 blocks...but I could be wrong...anything is possible really...it could even go to ultimate bubble and possibly never return to that value...a week ago UNB looked half dead...now this is what I imagine its like to be on crack...theres always an ending...either a comedown or a death... Not that I give advise, but I reccon that anyone that isn't in for the long term should use this coming pump to get out and not buy into the dump, even at the very bottom, cos I can't see any short term return after this for a long time...I'm never always right, but more often than not, when I am, its something that generally sucks...hope for the best, plan for the worst...best of luck everyone...sometimes the few spoil it for the many... Cheers ! |
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... In my opinion, respectful, responsible & sustainable hash rate is what UNB needs - yesterday was a hashrate hit and run, nothing more, nothing less, and is of really no benefit to the network long term... I'm fairly sure I could do a blockchain, node and hashrate attack all in one go, and completely roll back the blockchain to a few days ago, if I really wanted to, just to show that everyone can be clever, but it is how you do what as to if that is of benefit or hinderance...but I'm not like that...that amount of hashrate should have been spread over a few days, and I'm sure would have gone less noticed, and have been of more benefit to everyone...and considering this should be follow by example, none of this is a good example for others to follow...let alone get involved with... MilkandPie4U, thanks for turning on your full node again, although, either we just lost a full node aswell, or your full node is not accepting connections back in, which actually means that it is a drain on the network and is not adding additional decentralisation that the network so badly needs...I could be wrong though...cheers anyway... - http://www.zpool.ca/explorer/peers?id=1446I think the thing that narks me the most is that Jim, you hadn't been on here since I joined, and I appreciate your busy, but its like the first whiff of something good and your straight there with an s tonne of hashrate, which makes it seem like its "all for one and everyone for themselves" - of all the people to do this, I really didn't expect it from you, so I think, considering anyone else could do what you did, you owe the entire community an apology for making UNB look like a top down ponzi scheme yesterday...theres whatever intentions, good or bad, then there how you go about it...anything that has value behind it, however small or large, also has responsibility, and the more people involved, the greater the responsibility to do the right thing for everyone...now, if the funds gained were actually used as payment from a pool server payout wallet, to help combat 50 to 120 block confirmation times so people could actually get a payout in a decent amount of time, that would be a good counteracter...that would be better than just ending up in storage or sold on an exchange...do the ends justify the means...robin hood - rob the rich to give to the poor... I apologise if my views aren't the same as others, but of all the people involved in UNB, I'm fairly sure I have the most to gain, and the least to loose... I also apologise for turning off my 2 full nodes and putting the overall network at risk...it isn't anymore moraly acceptable that one person should be able to control the network in hashrate than it is for anyone else to be able to control the network through the number of nodes...if UNB was BTC, yesterday would have been an absolute field day for the press, with yet another claim that BTC is now dead - the difference is that BTC can survive it - I very much doubt UNB could survive too much of that sort of thing, so every effort should be made to benefit and not hinder UNB in every way possible... I will update if I decide to turn my nodes on again, but, like Jim said, everything has running costs...if only it was money for nothing and drugs for free..but it ain't so we just gotta do the best we can with what we got...some poeple just have more of some things than others...this factor really should never be used completely to you own advantage, otherwise is just robbing from everyone to benefit yourself... "if you got all the currency in the world, it's probably worthless by that point, cos you got it all"... Cheers ! |
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Actually, you know, my above edit really deserves a seperate post, so here it is again in case you missed it first time...
EDIT - Obviously the overall point I was also making is that 49 blocks x 50 UNB = 2,450 new UNB generated today, minimum... - How much is not enough, and how much is too much - everything is relational...there are still only 4 full nodes running... lets all run on empty and see how far the network goes...look at the bigger picture...without full nodes, UNB is completely worthless...irony at its best and worst, considering everything today...Im not suggesting, but you could prob do a 51% node attack for like £8 if not less...if you really wanted to...how may UNB do you hold, and how much value do you place in them...
0 / 2 = 0 Smiley ...seriously, this needs sorting more urgently than any hash rate increase...I'm sure I'm not the only one on the ball...I'm definitely no the only one to be able to sort this...it's ok, we'll all just rely on someone else to do whatever and hopefully it'll be alrite, yeah...good luck with that one...
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ok, so lets do some calcs to back up why I have the hump, and how ridiculous today really has been... last block found on iSpace is block 45,980, and I don't have my wallet running anymore, so lets assum that is the latest block, so in thoery the next block to be mined should be block 45,981... next 2016 block = 46,368 46,368 - 45,980 = 388 blocks until difficulty change... on 2nd july 2016, the last block found was 45,885... In 4 days 95 blocks have been found, and this should be 288 blocks per day total, so obviously 95 in 4 days isn't that much... ( 60 / 5 = 12 x 24 = 288 blocks per day total ) The problem is that I think today went far to far...I don't have exact figures, but according to the block explorer - https://www.blockexperts.com/unb - in just 7 hours we went from block 45,931 to block 45,980 - thats 49 blocks - and I know we did that many in the first half of today, so of the last 95 blocks in the last 4 days, at least half of them, if not most of them, were mined today... What really matters now is the total length of time its taken to mine this set of 2016 blocks, what the average block mine time really works out to be over this total time period, and obviously how long its gonna take for the last 388 blocks to be mined... Also, 6 days ago, there were 495 blocks left of the 2016 to mine, so that means that 107 blocks have been mined in 6 days, with at least 49 today, so 107 - 49 = 58 / 5 = 11.6 blocks average, which is completely wrong as it was about 3 blocks a day, but either way, today as many blocks were mined minimum as were mined in the last 5 days, if my maths guestimations are correct... example:- 3 + 2 + 5 = 10 5 + 2 + 3 = 10 7 + 2 + 1 = 10 what we had today would be the equivalent of :- 3 + 2 + 57 which obviously does not equal 10. If the total time of blocks mined works out to be more than:- 60 / 5 = 12 x 24 = 288 blocks a day 2016 / 288 = 7 days total ...then the difficulty goes down. if it works out at less, then the difficulty goes up... The question is, how quickly, on average, were all 2016 blocks really mined...its not 7 days, but is it enough to actually make the average go down...so thus the difficulty go down, to a level that will actually enable the "Average Joe" to be able to make something without massess of hashing power...even through a pool... These answers, I'm sorry, I do not know...But if anything in the past has been anything like today, I really don't know how low the difficulty will be compared to something sustainable and mathmatically feasible to at least a small ASIC miner, if not a GPU miner...or is it really true that selfish mining spoils it for everyone in the end...and the days of home mining are over... These days come, these days go, unfortunately, but its the frequency and severity that, overall, will be the deciding factor if UNB really is for the masses, or just a great pump and dump play toy for those with the deepest pockets, the least amount of morrals, and the hashing power to back it up... Cheers ! EDIT - Obviously the overall point I was also making is that 49 blocks x 50 UNB = 2,450 new UNB generated today, minimum... - How much is not enough, and how much is too much - everything is relational...there are still only 4 full nodes running... lets all run on empty and see how far the network goes...look at the bigger picture...without full nodes, UNB is completely worthless...irony at its best and worst, considering everything today...Im not suggesting, but you could prob do a 51% node attack for like £8 if not less...if you really wanted to...how may UNB do you hold, and how much value do you place in them... 0 / 2 = 0 ...seriously, this needs sorting more urgently than any hash rate increase...I'm sure I'm not the only one on the ball...I'm definitely no the only one to be able to sort this...it's ok, we'll all just rely on someone else to do whatever and hopefully it'll be alrite, yeah...good luck with that one... |
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Thanks...I really appreciate the thoughts and comments...but the way this has ended up today has massively disappointed me, and if my eyes don't deceive me looking at the iSpace webpage info - http://ispace.co.uk/coindetails/?coin=unb - its obvious...or perhaps I'm just wrong...either way, thanks again, but its morraly not right for me to accept, so, hope you make a proffit instead...I gained valuable experience cheers... I have turned off my BFL 7GH - UNB definitely doesn't need any help from me in raising hashing power...especially now... I have also turned off both my full nodes...sorry... - http://www.zpool.ca/explorer/peers?id=1446More focus needs to be spent getting UNB to more people...thats where the value really is...just not through "Average Joe" mining, as that is obviously completely pointless unless you got at least 100GH, or mining for fun and don't care the cost, proffit, or probably loss... ha, would you look at that...iSpace pool says 0GH !!! jokes all the way... - http://ispace.co.uk/coindetails/?coin=unbBye for now...hopefully not forever...been a pleasure while it lasted... Cheers ! |
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