confirmed I was just awarded 420 on my pool with confirmations
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FYI looks like it starts awarding 420 value blocks at 3000 not at 4200 like in the OP:
int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 420 * COIN;
if(nHeight == 2) { nSubsidy = 420000 * COIN; } else if(nHeight < 3000) { nSubsidy = 1 * COIN; } }
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Ughh, found 2 blocks in 90 minutes when mining on a pool. Will only get ~5 DGC due to my low hash rate. Sucks! Gonna solo mine for a bit I think, lol Feel free to give my p2pool a try we're finding blocks every 9 minutes on average http://p2pool-dgc.com:9500
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Good reason to use Cryptsy I trust Vern more than some random devs in China
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Memo to anyone with a Cryptsy account that Baritus has offered an exchange rate substantially above market. Get over there and get some coins !
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Obviously the correct way to do a fair start is have difficulty start at .25 and have the coin creator do the work, *one block*, to mine the genesis block
Asking miners to "donate" their hash to mine 6,000 blocks at high difficulty was a bit ridiculous particularly with a 650k coin premine
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Shutting down the pool for now no point to keep it up and running for days when rewards, and miner interest, are 0
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Actually all these new currencies are hyperinflationary in the early going. They:
1. Are not backed by anything 2. Have no intrinsic value 3. Go from 0 to 200,000 or 0 to 2,000,000 in days or hours 4. Increase in quantity by 25% - 10,000% or more daily, for weeks, depending on mining rate
And "investors", who cut in line to buy these on day one, are always shocked when they inevitably fall in value.
Those same "investors" mock miners who sell immediately.
NEWS FLASH, dummy speculators, the miners are the smart ones. You are the bag holder. Guaranteed no exceptions
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bump for first block found
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LTC has been gaining ground on BTC since its inception and has key technical advantages
I would say LTC is (1) entrenched and (2) gaining ground. I don't think BTC advocates have much, yet, to worry about but they should keep on eye on LTC.
LTC is not silver to Bitcoin's Gold but, rather, is Android to Bitcoin's iOS. We'll see how it plays out.
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What happened? 51% attack?! And it was working so well.
Once we get this resolved, let's open up a marketplace
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There is a chance the coin will die before the first reward block is mined
If so, this will go down as one of the more spectacular failures. The dev should get a botnet on it now if he wants this to succeed !
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Looks like 26 hours or so at current difficulty and hash rate don't hold your breath
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I'm just happy to be getting some fees from our mined blocks. Proves the pool is working well
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AMC = the official Alt coin of the United States Mine with pride even if it gives you zero reward. Not too different from a day job in the states I'm Canadian. Thanks though Same thing
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