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Alternate cryptocurrencies / Altcoin Discussion / [POLL] '42 Coin' Client Update [PoS, KGW, Merged Mining?] Problem = Multi-Pools
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on: March 05, 2014, 03:21:29 AM
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There has been talks about multi-pools raping the crap out of 42, everyone knows what multi-pools are for, right? Make the pool operators wealthy and profit switching for the next big coin, dumping on exchanges to cash out BTC or LTC Let's vote and make a decision as a community for which type of update should be implemented for 42 coin. Hendo should be back soon after his move; meanwhile, tx42 is working on PoS and another dev is working on Merged/KGW What is Merged Mining?"Merged mining allows a miner to mine for more than one block chain at the same time. The benefit is that every hash the miner does contributes to the total hash rate of both (all) currencies, and as a result they are all more secure. Starting with a high-level explanation: The miner (or mining controller in the case of pooled mining) actually builds a block for both hash chains in such a way that the same hash calculation secures both blocks. Work units based on this block are then assigned to miners. If a miner solves a block (at the difficulty level of either or both block chains) the block is re-assembled with the completed proof of work and submitted to the correct block chain (or both blocks are separately reassembled and each submitted to the corresponding network if it met both of their difficulty requirements)." Source: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-workWhat is KGW? (Kimoto Gravity Well)What Is a Mining Difficulty Readjustment Algorithm, Anyway? To understand what the Gravity Well algorithm is and what it does, you first need to understand what a "mining difficulty readjustment algorithm" is and why is it important for all current cryptocurrencies based off of the original Bitcoin source code. First, let's pull a few important definitions from the Bitcoin wiki: Difficulty Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be. Gravity Well: At the most basic level, Kimoto has changed how difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network. I'm not 100% sure about the exact mathematics behind the calculations, but so far since its introduction on the network the difficulty has adjusted smoothly and flawlessly no matter how many miners there are on the network and even throughout the huge price (and subsequent mining hash rate) increase we have seen over the past couple of weeks. This keeps mining fair and secure for all miners and users of the coin, and prevents the rampant multipool abuse that was (and still is) common with most all other altcoins out on the market today. This is even more important to consider when one day ASIC miners are developed for Scrypt coins and a small number of miners will suddenly have access to extremely powerful mining hardware. If and when this occurs, a malicious (or simply greedy) miner can simply point his or her ASIC miner at any Scrypt-based coin and cripple it because of the extreme difficulty fluctuation this will cause. (This is actually what happened with Terracoin after SHA-256 ASICS began to flood the market.) Megacoin, however, will be safe from this type of malicious mining behavior due to the smooth difficulty readjustment that Kimoto's Gravity Well provides." Sources: https://forum.megacoin.co.nz/index.php?topic=893.0https://forum.megacoin.co.nz/index.php?topic=2872.0http://bitcoin.stackexchange.com/questions/21730/how-does-the-kimoto-gravity-well-regulate-difficulty  What is PoS? (Proof-of-Stake)Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run hashing algorithms to validate electronic transactions. It is most commonly used as a supplement to proof-of-work in Peercoin and a few other electronic currencies. Source: http://en.wikipedia.org/wiki/Proof-of-stakePlease make a vote + post your opinion below. |
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Alternate cryptocurrencies / Altcoin Discussion / How To Buy 42 Coin
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on: February 12, 2014, 01:41:56 AM
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Are you a new to the Bitcoin/Crypto Community and want to buy 42 Coin using Bitcoin? 42 Coin has launched a 'how-to-guide' giving you step by step instructions how to get started Start buying 42 Coin today before all 42 Coins have been mined (1 year ETA ~ 42.00 COINS cuts off the supply) http://42coin.org/news/how-to-buy-42-coin/In the article, it kicks off the following details: How to Buy 42 Coin for an investment starting with USD into BTC (Bitcoin) and buying 42 coin with your Bitcoins. This article gives you the exact steps how to accomplish this step-by-step. To get started, you would need to register at CoinBase.com to begin buying BTC with your USD. http://www.CoinBase.com allow you to deposit Bitcoin into your account after you purchase it with USD. Once you have the general virtual currency (BTC) in your http://www.CoinBase.com account, you are now ready process a buying transaction of 42 Coin at the BTC to 42 Coin exchange called http://www.Cryptsy.com. |
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Alternate cryptocurrencies / Altcoin Discussion / Gravity Kicks MultiPools in the A$$
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on: February 10, 2014, 07:16:25 PM
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Well, as we know, Multi-pools are there to make sure they switch when profits are at its peak... Investor or Miner are seeing large dumps onto the exchange for every altcoin *UNLESS* Gravity Well[1] is implemented to stop them. Most developers are now starting to implement KGW at its launch to make sure they are prepared in their defense against multi-pools. This is where Gravity Well kicks in and having this implemented will help keep the value where it needs to be without much dumping on the exchange.
The Gravity Technology was implemented and that kicks them out of 'gaming-the-system' of altcoins.
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Alternate cryptocurrencies / Altcoin Discussion / Are you going to Quack? [Yes, Cast Your Vote]
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on: February 10, 2014, 10:08:33 AM
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This is a voting thread about DuckDuckCoin (IPO @ https://bitcointalk.org/index.php?topic=448221) Are you an investor? If so, why did you become one? if not, why did you decide against it? Cast your vote and discuss it below! My overview / Review of this altcoin: DuckDuckCoin seems to have a lot of good values to it... Gravity has been implemented so there will be no multi-pools rape in exchange price. Seems like 60 BTC has already been raised with a very short period of time. There seems to be decent marketing efforts going in to push content. (I like that) Organization is a little off - but can be improved over time! Transparency is there and they keep the thread pretty active. |
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Alternate cryptocurrencies / Marketplace (Altcoins) / [WTB] MAXCOIN
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on: February 07, 2014, 07:12:18 PM
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Looking to trade with following payment options Trading with Bitcoin, and 42 Coin (rare/highest valued crypto currency) Home: www.42coin.orgWTB ~ trade your MAX for crypto currency offers:
Option A) 42 / MAX I'll pay 0.00001 of 42 for 1.0 of MAXcoin. 42 = 0.00001 MAX = 1.0
Option B) 42 / BTCI'll pay 0.001500 BTC per 1.0 MAXcoin BTC = 0.001500 MAX = 1.0 Offer only exists until I decide it is over. This is a thread if you want to sell, discuss, or make an offer. |
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Alternate cryptocurrencies / Marketplace (Altcoins) / Community Managers Needed for 42 Coin
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on: January 23, 2014, 01:15:04 AM
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42 Coin is looking for community managers to support local languages to adopt 42 coin. 42 Coin is the first ever, fair launch with the highest valued crypto currency to date... giving us the advantage over many alts because of Satoshi Validation and its rarity. Find out about http://www.42coin.org here and download our wallets. Need supporters to post threads in the local markets in your language about 42 coin, give the audience support, gain more miners, peak investor interest, and adopt 42 coin in your native-language on bitcointalk and other external websites. If you would like to join and become a community manager, send me a pm of how you can help and your experience with promotions/management. Official Thread: https://bitcointalk.org/index.php?topic=399658Pm me to get started |
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Alternate cryptocurrencies / Announcements (Altcoins) / [NXT][Bounty ANN] Smart Devices Application
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on: January 04, 2014, 11:20:04 PM
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Hello NXTers! I will now be accepting NXT Bounty Donations publicly to add new resources that support NXT growth. Our Smartphone/Tablet Application will allow you to receive real-time updates for News, Videos, Articles, Twitter Feeds, Trends/Stats/Charts for Exchanges, Services/Business Providers, and many more resources that will be updated regularly. What will this application do for NXT? Just like my other Mobile Apps, these apps get you connected to the right information (AT the right time) when necessary. You will be the first to know what is happening inside Nextcoin, and have the ability to stay connected with the community through our Mobile in App Browser Function supporting Bitcointalk/Reddit/ and the official/unofficial forums. Here is an example of my latest project (pre-launch to the Quark Community)https://play.google.com/store/apps/details?id=quarkcoin.qrk.crypto.comAPP IS LAUNCHED AND READY FOR USE: https://play.google.com/store/apps/details?id=com.nextcoin.nxt.app- After launching the app, we noticed a 50% growth. - In addition, we generated more investor interest and mining users. - Traffic already exists for us due to our average rating reviews of 4.5+ Stars across all apps. - I will streamline NXT through Social Media networks like http://twitter.com/bitcoinfeeds and http://twitter.com/litecoinfeeds to generate faster user adoption into the app. The Bounty GOAL is to reach 500,000 NXT so I can further develop and stay motivated in holding more NXT because I believe this will grow much further. All resources and have the app ready in everyone's hands. Minimum amount must be reached before released: 250,000 NXT @ 17932213540910916819
didnt achieve bounty so please try to donate!
DONATE for further development to this BOUNTY @ 17932213540910916819 and... Submit a post with transaction info/amount, and your requested resources. Along with your donation, submit your suggested links/resources I need resources:: Websites, blogs, links, videos, tutorials, mining pools, exchanges accepting NXT, etc. The more resources the better and I will start adding them into the app one by one. In order for me to get started, I would need your donation sent to this address along with a list of your requested RESOURCES so I can start building it into the app. APP IS RELEASED !!! |
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Bitcoin / Development & Technical Discussion / Bitcoin Mobile App
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on: December 25, 2013, 07:57:37 AM
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Bitcoin Buzz Mobile App welcomes Bitcointalk Community to try it out. I know most of you already have the App, but check out the latest update that released yesterday. History: We launched as BETA in February 2013, and now run official updates daily, and currently have over 5,000 active users with an increase of 20% to 60% new users daily. If you are looking for the latest Bitcoin news, social updates, and mining/market place resources. This app will organize your life, and keep you updated every 2 hours or so. Here is some snapshots of our most recent update (completed update - 12/24/2013 ) Source: https://play.google.com/store/apps/details?id=bitcoin.buzz.feeds Download it for free via Google-Play: https://play.google.com/store/apps/details?id=bitcoin.buzz.feedsDownload more apps like this one... for other crypto coins @ https://play.google.com/store/apps/developer?id=CIS+SolutionsPrivate message me if you would like to suggest a resource, website, marketplace or link to be added. We also recommend working directly with Bitcoin Service Supporters.. if you have a website/resource, and want to be featured in the app, pm me. Users, give me your feedback and let me know of other features/development you would like to see added! |
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Economy / Digital goods / [WTS] DayZ Standalone for BTC
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on: December 16, 2013, 10:15:49 PM
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I am selling 5 copies of DayZ Standalone via Steam for 0.11/BTC Send me a pm with the transaction ID sent to this address: 1EZcU2cx2QDGmhM1beC2EeCL63orry2tEn and include your STEAM USERNAME so I can add you as a friend, and GIFT you DayZ Standalone. There is NO WAITING! You get the game INSTANTLY!!!! (1 hour max delay) I will be online playing the game and processing these transactions to those who made a payment. This offer ends TONIGHT! Send 0.11/BTC to 1EZcU2cx2QDGmhM1beC2EeCL63orry2tEn and PM your STEAM USERNAME + Transaction INFO. and I'll get it started.    |
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