Hi All,

I'm just throwing an idea of a new coin not anymore based on mining.
The point is that if for bitcoin as the initiator of this movement it was quite desirable to count on people's greedyness to launch the movement, we are now in the middle of bad cycle, generating cryptorich who are also rich in fiat to buy those expensive asics.

So for the movement people makes coins with X11, you name it, crypto algorithm but probably there is a more simple mechanism.

this is to work but the main idea would be :

each block contains the list of IP of the connected nodes in the network ( or a random list, or the ip seen by the node )
At the block N the node, that will generate the block N+1 will include the IP ( or a list of IP ) in the block of the next node that is allowed to generate a block and get the block fee. the IP should not be in the same AS number than the node of the N block and maybe at a minimum of X network hop. The randomness is still something to work on here.

So the idea is that as long as you are part of the network, you have an equal chance than everybody else to get a block reward. No mining, no premine, no Ipo etc...

I guess some others have tought about it before me, but I didn't find any talks about it. I don't really know but I don't think it is really similar to POS.

what do you think ?

Hello,

I'm trying to setup a pool for PPC based on the stratum mining pool software from slush but It doesn't seem to run.

Can somebody did it successfully on any other altcoin sha256 based ?

I get this output at the moment :


^{2013-10-30 12:47:56+0100 [-] Log opened.
2013-10-30 12:47:56+0100 [-] twistd 13.1.0 (/usr/bin/python 2.7.3) starting up.
2013-10-30 12:47:56+0100 [-] reactor class: twisted.internet.epollreactor.EPollReactor.
2013-10-30 12:47:58+0100 [HTTPPageGetter,client] Starting factory <HTTPClientFactory: http://127.0.0.1:8332>
2013-10-30 12:47:58+0100 [HTTPPageGetter,client] Stopping factory <HTTPClientFactory: http://127.0.0.1:8332>
2013-10-30 12:47:59+0100 [HTTPPageGetter,client] Starting factory <HTTPClientFactory: http://127.0.0.1:8332>
2013-10-30 12:47:59+0100 [HTTPPageGetter,client] Stopping factory <HTTPClientFactory: http://127.0.0.1:8332>
2013-10-30 12:48:00+0100 [HTTPPageGetter,client] Starting factory <HTTPClientFactory: http://127.0.0.1:8332>
2013-10-30 12:48:00+0100 [HTTPPageGetter,client] Stopping factory <HTTPClientFactory: http://127.0.0.1:8332>}


that doesn't seems to be good

Hello,
I'm a batch 2 avalon clone customer from bitmine, for $4219. I am in position 43 in the queue.
At the moment for personal reason I would like to get a refund.
You can see their refund conditions here : https://bitcointalk.org/index.php?topic=215431.msg3129573#msg3129573

So I took the coupon and I am starting an auction.
This is how it works :

• the starting bid is BTC40 ( so less than $6328 ), increment 0.5
• this auction will last for 4 days

If you are the winner and the payment is made :

• I will order the device with the coupon. with $6328 you can have a 800Gh coincraft desk for $5,759 or you add $7,099 - $6328 = $771 to the auction price and I'll order the 1Th/s. 
• you will be in position 43 for the delivery of the device in the bitmine queue ( confirmed with them )
  
• The device will be delivered to our datacenter ( I'm running an hosting company ) and the same day of delivery you will have an Ip and the full access to the rig. We can also preconfigure it for you. So day of delivery is the day it will start to mine.
• you'll pay then 0.9BTC per month for the hosting of the device
• if you want to get back the device, then you'll just tell me one week before, and we'll setup a rendez vous at the datacenter with the parcel service -you- will have ordered

As they told me for an accounting problem the coupon cannot be exchanged to another person so I have to order the device for you.
I cannot be held responsible for any delays or problems on bitmine side, I think they are really trustworthy as I exchanged a lot of emails with them and they always have been clear and answering nicely. But on this point you have to do your homework.

I am for the moment not thinking about using escrow because I would like to get that refund before the device is delivered, and I could give to the winner the access to my bitmine account after the order so he can check that everything is ordered. I will send him also the confirmation emails I had with bitmine about the queue order. If you have a different setup in mind using escrow don't hesitate to comment.

Happy bidding !

Timer removed. End time: 2013-09-23+10:00:00UTC