Is there any reason paying with SC is different than the BTC method?
They're using a third party payment service, https://coinb.in/. Maybe there should be a bounty for a SolidCoin equivalent, or for coinbin to support it. |
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I can't get either the stable or beta client to make connections now. I think the IRC bootstrapping is dead or something. Which sucks because I can't move any i0coin right now if I can't download the blockchain.
Start the client with -addnode= set to an IP address of a known node. Try "-addnode=206.71.179.116" for example. |
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CoinHunter can you please explain why http://solidcoin.whmcr.co.uk/ says there are about 598,000 coins created when your FAQ say that only 30,000 coins were mined before launch on Aug 20. At a rate of 32 coins created every 3 minutes only 15,360 coins are created per day. Since it has only been about 3 days since launch, the number of coins in existence should have been closer to 75,000. Mining 598,000 coins should have taken about 38 days. I thought the difficulty level adjusted twice daily for SC, so that coins aren't mined too fast or too slow. There was huge mining interest at the beginning, like what happens with most block chains that start. Blocks were being created every few seconds. This is why a large number were mined in a short period. This is likely to happen periodically as the difficulty drops, miners join, and then leave when it rises. |
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Without any reference for the value of SolidCoin, I decided to value them at 1 USD. Since starting to accept SolidCoin yesterday, I've sold 4 Arimaa sets and 2 books. This was more than I was expecting, so maybe I've valued SC too high. Any suggestions on how to value a new currency when there is no exchange market to set the price.
As a general rule I'd value a new currency at 0.001 or less at launch in the absence of an exchange. That seems to be the price they settle around for a while. |
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3 minutes is probably not scalable. When the network becomes bigger many more blocks will become orphan and, worse, many more forks will appear. 10 minutes is the time for the new block to reach the whole network. Maybe it can be lowered a bit, but not as much as 7 minutes less.
How do you know this? Do you have data to support the claim? These alternative chains like SolidCoin are trying these ideas giving everyone the opportunity to gather that data. At some point someone can examine the success or failure and see what the effect the changes have. |
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Still, why not merged mining?
People worry that tying a currency to bitcoin via merged mining might be bad for the new currency. It will essentially be produced 'for free' by miners, have an excess of supply, and be valued appropriately. |
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The solidcoin block explorer is at http://solidcoin.whmcr.co.uk. Why do the Solidcoin addresses there begin with "1" and not "s"? they look like bitcoin addresses. Looks like they haven't adjusted the algorithm for addresses in the block explorer to use solidcoin's instead of bitcoin's. |
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decided to start to charge for coin recovery... probably smart with all the new currencies.
Thanks for the kind words! Yeah I bumped the fees up. This is also gives others more opportunity to undercut and less people accusing me of monopolizing the alternate chain services. |
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Yeah. I'm too busy mining right now to be trading. He is probably just being the market maker so there is something to work with once people want to exchange their coins.
I did originally. I put an initial buy and sell in to set the market. Both orders have been cancelled now that others have funds in the exchange. I also did the first buy at 0.49 that someone else was selling for to test. |
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and I still have problems building the source.
Do: $ mkdir obj/nogui
$ make -f makefile.unix clean
$ make -f makefile.unix USE_UPNP= solidcoind
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yes I can confirm I have having issues with the daemon and with building from source.
What are the issues? If you can build any of the other chains, this should just build. |
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how do u already have 1042 blocks found already on this pool?
I brought the pool up when it was made public soon after block 940. My pool is custom written, not using pushpoold. I can bring up a pool for a new currency by changing a couple of configuration parameters and it's on. |
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client is garbage time to recompile
What's the problem with the client? What platform? |
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Please don't. Encourage it to be used as a currency. To many people got burned on the previous ones.
It'll happen eventually anyway. People will want to trade it even if it's otc. You can avoid getting burned by not participating in the speculation. |
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Yes yes thats what i mean  And i like it... So, doublec, what are you considering to do this time ? Will you make pool and exchange ? There's a pool up at http://scpool.bitparking.com/pool. Note the extra fee over my other pools! I lost money on the i0 and ix coin pools due to the fact I pay out on orphans and there are a lot in the early stages. I'm upped the fee a bit in this earlier period to hopefully adjust. I'm considering an exchange. |
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It's 1,88183776 now... Seems it changes fast...
Yes, it adjusts much faster than bitcoin. According to the solidcoin faq: In SolidCoin difficulty can raise by a maximum of 10% every 12 hours (or 240 blocks), however it can lower difficulty 400% in 12 hours also. Why this disparity in increasing and decreasing difficulty? One reason, it minimizes the effects of a pump-n-dump.
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I had a friend who heavily invested in IxCoin when it first came out, and I kept urging him to buy out ASAP... Nonetheless he has now lost cash.
Your friend gambled and lost and now you're upset at the casino? I'm sure people have done the same with bitcoin. Are you railing at the evilness of Satoshi too? |
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