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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Bytecoin. 1 Month After on: May 06, 2013, 11:06:15 AM
Is this going to be on btc-e any time?  Feathercoin was out less and got on

Someone should set up an address for donations. To bribe BTC-e.  Smiley

Now that China Coin is on there... I think you're right!!
2  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] CHNcoin (CNC) GiveAway thread - 10000 to give - 5 CNC each on: May 06, 2013, 11:04:50 AM
Thanks

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3  Local / 山寨币 / Re: CHNCoin - 基于Litecoin的新型P2P货币 on: May 03, 2013, 04:09:53 PM
CSQdXqyiQ92U8qiSvV8ztkhbmuzTBH5T59

练习
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Bytecoin. 1 Month After on: May 03, 2013, 04:07:55 PM
Is this going to be on btc-e any time?  Feathercoin was out less and got on
5  Other / Beginners & Help / Re: Help me pick a mining pool on: April 08, 2013, 04:42:00 AM
Quote
Don't most pools treat that like pool hopping, and if you only contributed at the beginning of a block, you don't get anything at all?

Also, does it switch back to your main pool once it is back up? Or does it stay on the failover pool until you tell it otherwise?

I've just tested it, and yes while one pool went down, it temporarilly swtiched two pool #2, then went back when pool #1 came back up

maybe the 2nd pool would give a lesser reward but pool #1 is down Smiley
6  Other / Beginners & Help / Re: Your Position in the Verification Queue 15500 on: April 08, 2013, 04:39:58 AM
They should just suspend new accounts until they can catch up
7  Alternate cryptocurrencies / Altcoin Discussion / Re: NVC giveaway !!! Trade it, use it, enjoy it. Only 2nd after BTC by price on: April 08, 2013, 04:36:49 AM
4cEc9ahVhruD2kjrzK74yv16kpsc2obC1u

Thanks
8  Other / Beginners & Help / Re: Can bitcoins be lost out of existence? on: April 08, 2013, 12:34:35 AM
i could imaginage one day someone figures out how to make a new coin that is "backed" by bitcoins

so if there were only 100,000 coins left in existance they could be turned into billions of "
newcoins"
What good would that be? By definition there is never a shortage of units with Bitcoin, no matter if there are only 21 million or only 100,000 or only 3 in existence. They're infinitely divisible.

Obviously, for practical reasons, people would not be dealing with 0.0000065 BTC but with "6.5 nanoCoins" or some similar convenient unit.

they are only divisible by .00000000 as far as i know
9  Other / Beginners & Help / Re: Help me pick a mining pool on: April 08, 2013, 12:09:29 AM
bitparking I get 44ms and slush I get 143ms. Does that really make a big difference?

everytime a new block is found the pool has to tell you to work on this new block

if it takes slush 100ms more to tell you... you are wasting 100ms on an old one

that adds up... at least 7 minutes a month of wasted time   (may not sound like a lot)


best thing you can do is set up failover pools in CGminer, so if one pool goes down, you mine
on a different one automatically.... many times ive woken up and seen my miner has been
idle for 4 hours beause the pool went down and i didnt have a backup
10  Other / Beginners & Help / Re: Help me pick a mining pool on: April 07, 2013, 11:25:25 PM
Try Slush.
If you have any concerns or doubts, you may also try Slush Wink

slush is not based in the USA so it could have worse pings and lower results
11  Other / Beginners & Help / Re: Help me pick a mining pool on: April 07, 2013, 11:24:31 PM
ping them all


whichever has lowest ping is the best

assuming they have the same fees. obvously lower fee is better
12  Other / Beginners & Help / Re: Can bitcoins be lost out of existence? on: April 07, 2013, 11:20:13 PM
i could imaginage one day someone figures out how to make a new coin that is "backed" by bitcoins

so if there were only 100,000 coins left in existance they could be turned into billions of "
newcoins"

I don't think it's a problem though
13  Other / Beginners & Help / Re: Why are bitcoins still being made? (Pyramid-Ponzi) on: April 07, 2013, 10:29:28 PM
Greetings! Smiley

Why are bit coins being made (minted)?
To me it would be more reasonable to release the full amount from the start or in a worst case scenario organise a trust which releases bit coins at a set rate.  From a cynical point of view this could be argued to be some advanced fom of a ponzi-scheme hidden in a pyramid-scheme.



how would you release all at the start? who would get them? that would be unfair.

the software needs "proof of work" to keep the legder balanced and prevent double spending.
that proof is guessing hard math problem. Reward is needed to get people to run their computers
to do this.

The only possible modification that would work is to never limit to 21 million but keep going
forever. However that would not have made bitcoin popular. People only get involved in the begining because
they knew it was a rare limited resource. Who would run their computer electric bills high to get
something that looses value?

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