Hi all,

I got my Titan (not the Mini one) few days ago. However, I became very disappointed very soon because

+ Titan hardware is not good: too hot, irrelevant equipped cables which can cause fire easily I think
+ Titan can not run with full cores. In theory, it should run with 2200+ cores. However, in fact it runs with ~1700 cores only
+ HR is much lower than what KnC promises (300MH/s): 170 MH/s - 220 MH/s on average
+ Miners are very unstable. The worker seems to die unexpectedly very frequently
+ Buggy and not tested firmware

[2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] Accepted 00041340 KNC 1btt Diff 245m/21m
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)
 [2014-10-03 12:30:25] Accepted 0000c17f KNC 1cey Diff 1/21m
 [2014-10-03 12:30:25] KNC 1[5:1]: Failed to set work state (2)

Lot of people on KnC forum have the same issue

http://forum.kncminer.com/forum/main-category/hardware
http://forum.kncminer.com/forum/main-category/main-forum

It looks like no issue can be solved with the support from Kurt.

My questions are:

+ What is your experience with your Titan?
+ How should I do when my hardware is unstable? Send it back of warranty?

SELL/BUY orders are not shown up. I can not cancel my orders too

Anyone finds out the same issue?

I just downloaded MOON wallet 1 hour ago. However I am disappointed. No transaction message. That's a dump wallet. There is no good way to integrate MOON to merchant payment system programmatically. MOON is yet another DOGE

EAC rocks. Transaction message is a vital feature that can be found in DMD, Florincoin too

Hi,

Is there any way to get BIL and LOT listed on CoinEx? EAC and CAT are already there

Hi,

What do you think about LottoCoin and BillionCoin? The initial price is quite cheap now (or extremely undervalued) on CoinedUp.com. Just a around 20 satoshi. Do you think that those coin will hit much higher price when it is listed on Cryptsy.

I think that those coins' price can be close to EAC's one (now they are priced at 12- 15 times lower than EAC. However, EAC is 5-6 times harder to mine because of high diff. Do you think so?

[Updated]

Hi,

After first 3 days (x5, 3x and 2x payouts), I earn much less than expected

10 MH/s (10000 KH/s): 85k EAC (yesterday), 78k EAC (today). Updated December 30, 2013: 39k EAC

If I mine LTC, I can earn 3.31 LTC at the same time ( = 0.1 BTC)

If I mine WDC, I can earn 270 WDC (= 0.186 BTC)

If I mine DMD, I can earn 0.21 BTC

I'm paying opportunity cost here. You may too. What do you think about EarthCoin which is supposed to be Quark killer?

You guys get higher diff than expected

Block 4043 ---> Diff 25

By looking at the estimated profit column in a pool, you will see

HR 8640 KH/s  ---> 82559 EAC/day

Happy or ... 

Hi all,

EarthCoin supports transaction message (like DMD). How does it work?

Is there any document that helps me develop a Python or PHP plugin to send and parse transaction message from earthcoind?

Thanks

[Updated]

Hi,

I read a lot of threads which many people said they could not mine EAC as many as possibe. People tends to think that EarthCoin is yet another Doge. People can mine 500k - 1 mil EAC in a day. No it is impossible.

E.x:

The pool says I'll get 1mil EAC / day, but after 12hours of mining I 've just got ~ 100k EAC

This guy has a extremely powerful rig: 30 000 KH/s (99% of you guys has a tiny rig compared to his)

Why?

+ Not like Doge but Diamond (DMD), EAC diff adjustment is made every block (simply put: minute). The diff will be very high in a very short of time if network hashrate grows very fast
+ EAC is a trap to multipools. It makes multipools unprofitable
+ EAC is designed in a way so you can not mine as many as possible in a short of time and sell it off. You need to be long term miners
+ Profit calculator (EAC per day) does not work for EAC because diff adjustment is made very fast to adapt network hashrate

So, if you look at the profit calculator, you should expect that you receive much less EAC per day. If you think you can sell EAC for cheap price like with Doge, you are a loser.

If you like my explanation, donate me: eX8dPm2u4KeFH9UXc9rd3CRB2z9KWU6khh

Thanks

PS: I will try to trade 1 EAC for 0.00000561 BTC when it hits an exchange

Updated:

2 days after launch

KH/s           EAC/day (estimated, actual earnings can be much less than that)
104438 KH/s     2 733 514  --> 140 cards 7950
8948                234 196     --> 12 cards 7950

That's why EAC is hard to mine

Bitcoin and Litecoin has a flawed design on difficulty adjustment to control inflation or coin generation: every X blocks where X is very big number

Diamond adjusts the diff every block, which makes

+ multipools is unprofitable
+ long term mining is much more profitable
+ a sudden drop in network hashrate does not slow down transaction in general. Incremental and responsive diff adjustment helps strengthen the network

Newly announced altcoin EarthCoin embraces this design too. Nice try and good luck

[very strong development team]

As you may know, Diamond has been listed on Cryptsy and CoinWarz again.

https://www.cryptsy.com/markets/view/72

As a long term investor in Diamond, I am really excited about this great moment because this is the first time Diamond is put under control by a new and very strong development team who has vision and a long term commitment to Diamond future.

https://bitcointalk.org/index.php?topic=372952.0 (Main thread on Diamond)

They are PHP, Python, NodeJS, Java, C++ experts who have a deep knowledge on Bitcoin, PeerCoin source code. As a result, Diamond is an excellent combination of the best features that can be found in PoW coin (in Bitcoin) and PoS (in PeerCoin). It is an ultra-fast, ultra-secure, much more energy efficient, feature rich, very business friendly cryptocurrency that is driven by a strong development team and ever-growing community

The network has grown 3 times for 4 hours after the new wallet client is released. It is an outstanding event. Many people choose to join our community silently because they know big money is here when new development team comes. Many people including me think that Diamond is the most potential coin that can repeat what happens with Bitcoin community in 2013: 100 times increase in price and huge amount of media coverage. That's what I believe. That will not happen overnight. However, the development team has a plan or in more details: an action list.

Many people including me believe that the future of Diamond can be found outside of this forum. It is great to see Diamond is accepted as a currency for donation, rewards in forums, woman-oriented e-commerce sites (fashion, woman clothing, jewelry stores ...), Q&A sites like StackOverFlow, Quora, ExpertExchange ... and games. It is great to see Joomla, Drupal, the most important CMS in the world, osCommerce, Magento, the most important shopping cart framework in the world have Diamond-aware plugins. It is great to see iOS developer, Android developers use Diamond wallet as an activation engine and payment gateway. Game industry is big. I love games. Many people love games. Many people is willing to pay for games or in-game items but they find uncomfortable when game providers ask them for Visa or MasterCard. I believe that small and medium game developers love Diamond because it has all the feature of Bitcoin and PeerCoin and a gamer-friendly name. Moreover, it is much faster. Gamers love high speed things. They will love Diamond because of its fast transaction. It is a conventional wisdom that many gamers can mine Diamond and exchange it with each other. They love what they can control. Also, I believe that third party developers, payment gateway services and libraries that integrate Diamond with games, e-commerce engines and forums/CMS (PHPBB, VBulletin ...) will open up a new developer ecosystem which drives Diamond forward.

Bad news from China makes Bitcoin's price harder to increase more. Investing in Diamond and helping expand its ecosystem will bring more profit to your investment.

Diamond has a very bright future. Diamond community is moving fast. We will work together to make it happen.

Thanks for reading

http://www.diamondblocks.info/address/dVmrRc7jCDESA9iPZhrptY7rsnUFeiJcLT This guy. He owns 3542 diamonds

He doesn't sell any of them. It looks like he keeps it for long term investment, like Bitcoin or Litecoin. Do you think that he is a trader? He buys and holds.

Who can be richer than him?

[StableCoin]

Once upon a time, there were about 1000 QUARK holders and miners who made a plan together to mine a new and unknown coin as fast as possible before others could realize what happened. That coin brought nothing new to the table compared to StableCoin, NovaCoin, WorldCoin, ... After 6 months, 250 mil coins have been mined, faster than any coin that appears on the Earth. That's the plan.

After that they worked together to assign a value to those coins. The value of a coin is mostly evaluated by the market: supply and demand and it would be a very long process. However, QUARK team did not like that way. They were a small group. They made plan together: everyone in that group agreed to not sell that coin for less than 1 USD. As a result, martket capitalization of QUARK is evaluated at 250 mil USD.

In economics, researchers called it a name: group monopoly.

Great work, great team. An evil era begins

 

PS: 250 mil coins are too big for a new coin especially when huge amount of coins are hold by small group of people. If some one wants to cash out, it would be a big loss for anyone who holds Quark coins

Hi

I am mining SBC at http://stablecoin.miners-pool.eu/ which is rather good pool so far: good speed, lucky, high pool hash rate but as expected yet. This pool accounts for 10% - 20% of StableCoin's total network hash rate only. Therefore I want to look for much higher hash rate pool which is able to solve blocks at higher possibility than other's pool.

Anyone knows such a pool out there?

Thanks

I found this article on the net few hours. It brings up some interesting ideas

http://globalguerrillas.typepad.com/globalguerrillas/2013/04/the-flaw-that-may-bring-down-bitcoin-or-change-it-forever.html

Bitcoin is currently being used as a publishing system due to a design feature/flaw.   That flaw threatens the viability of Bitcoin as a currency.

How so? 

Some folks have expoited that feature/flaw to publish Wikileaks cables and pedophile porn links in bitcoin's blockchain. 

Of course, that's a problem.  It may attact some aggressive behavior from governments, well before it reaches a maturation. 

However, that's a problem.  Since bitcoin is decentralized, the steps required  to prevent people from publishing information. 

This now becomes the multi-billion $$ question:  can Bitcoin fix itself or will it end up becoming an illegal backwater?

To find out how it's done and what can actually be done about it, I contacted Jeff Garzik on the Bitcoin software team (it's a little technical, but you can follow the logic):

Sending bitcoins requires two pieces of data: a bitcoin address, and an amount (number of bitcoins). There is no "comments field" or anything of that nature. A bitcoin address is just a random 20-byte piece of data. Normally those 20 bytes are derived from the RIPEMD160 and SHA256 algorithms, but a valid 20 bytes cannot be distinguished from an invalid 20 bytes. Therefore, if you are willing to waste money -- albeit very small fractions like 0.00000001 bitcoins -- by sending that money to invalid bitcoin addresses, you essentially have created a channel for random data transmission. The bitcoin blockchain is in one sense a massively replicated ~7GB database that stores data for all eternity.

There remains the open question of what happens if somebody dumps data into the blockchain, that a government finds illegal. Smart people argue the legal theory "mens rea" and similar mitigating factors are applicable. But it remains an unknown. The vast majority of people are burdened with this awful data they don't care about, simply to use the bitcoin payment system they do care about. There are many conflicting motives and incentives (very Brave New War-ish):

    Anarchist activists want to publish this information, to force authorities to act (or not) when this illegal data is published. *
    Bitcoin activists want to publish this information, to force developers (us) to address The Filter Issue
    Some people see more value in bitcoin as "eternity data storage", if expensive and inefficient, than bitcoin as a currency

It is, quite literally, impossible to prevent use of bitcoin as data storage. It is a purely digital currency. Who can say which digits are "evil" or "good", allowed or disallowed? You can detect certain patterns, and possibly filter those

Many bitcoin users are using bitcoin for its intended purpose, as currency transfer, and dislike carrying the costs for these other uses.  As this carrying-data issue rears its head, it increases the costs for anyone running a P2P node on the all-volunteer bitcoin P2P network. This shrinks the total number of bitcoin P2P nodes.  As such, due to both legal and resource-usage issues, "data spam" has long been theorized as an attack vector. 

The "Filter Issue": There are very large ramifications to filtering out transactions, even ones that are obviously data spam. Fungability: currently, all bitcoins have the same value.  My 1.0 BTC and your 1.0 BTC are equivalent in value. Once you start filtering transactions, you are injecting policy-based censorship into the mix. Some bitcoins are accepted by all, some bitcoins are only accepted by a few. A value of a bitcoin itself becomes a product of its ancestry.

If this policy is implemented, perhaps by court order to a bitcoin mining pool, it could lead chain forks, where i.e. bitcoin users in the United States see a different set of spendable bitcoins than users outside the US. It is widely speculated, based on common forum comments in the crypto-anarchist community, that this current round of data spam is intended to force bitcoin users, developers and governments of the world to take action to censor -- or not -- certain bitcoin transactions. Trying to force the issue, to establish a precedent one way or the other. Or, more pessimistically, a party could be simply trying to shut down bitcoin.

The bitcoin community is very staunchly anti-censorship, but if data spam were to threaten the life of bitcoin, I imagine ideology-neutral "it looks like data, not currency" filtering would appear. Bitcoin is ultimately a product of voting -- you vote by choosing which software version and software ruleset to download. The users can always vote data spam off the island... but will they? Is data transmission a valid use of bitcoin? The users themselves choose the definition of "valid."

Hi all,

Anyone mining on pool.itzod.ru? I have been mining on this pool for 4 days. What I received so far is 0.04 BTC (unpaid) with my current hashrate 2200MH/s. I can get 0.1BTC per day or more in 50BTC or 0.4 BTC for 4 days. But on pool.itzod.ru I receive 0.04 only. Extremely low in rewarding.

I asked this question on the official pool thread but got no answer.

I got a lot of unpaid rounds. I got paid half of my submitted shares in the remaining rounds.

Is there any special thing about RSMPPS that I need to know?

What is wrong with this pool?

Hi all,

Anyone here gets the same issue as mine?

Several hours ago, 50BTC told my rig was offline. No hashrate is updated too. After that, my hashrate was updated but my rig was told to be offline. However, 50BTC said my hashrate was about 500 MH/s which was half of my actual capacity that was recorded in 50BTC several days ago in a row.

Many people got the same issue. They reported it the Pools forum but got no answer yet.

I feel that half of my submitted shares have been lost for some reasons.

What do you think about it? Should I stop mining in that pool?

So yesterday the difficulty was raised up 16%. The PPS rate goes down significantly. I earn much less PPS per day, not mentioned of instability of pools due to networks, DDOS attack, server ... Pool's uptime will never be 100%

If the difficulty goes up once again after 10 - 15 days, I think that I can earn about 2 - 2.5 USD per days which is unable to cover the expense (electricity and hardware only)

What do you think about it?

Hi all,

I am new to BTC mining. I see some pools that say they support VarDiff (50BTC, BitMiner ...) or list VarDiff as an important feature of their pools. However, I don't understand this concept as well as mathematical background of it.

As a newbie, how can I determine what user-defined difficulty is to suit my hardware capacity.

50BTC says that if I can process less than 1000MHs I should set user-defined diff to 2. However, they say nothing about what happens if I lower it down or raise it up in in term of my hashrate, share per minutes/days or network loads, energy consumption or the similar ...

Can anyone kindly explain it?

Thanks