These are mini experiments and if you dont want to play, then dont.
I agree. They make good tests for features that could be included in bitcoin without risking the existing bitcoin network.
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Is there a changelog? Or source? The github repository doesn't seem to have been updated.
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Deepbit has a 10% fee for PPS and 3% for proportional. I really dunno why people use that pool with horrible design.
Yeah, but this pool's page is comparing their 1% proportional to Deepbit's 10% for PPS as an advantage of their pool.
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The front page of your pools says: 49.5 I0coin * (shares found by user's workers) / (total shares in current round) Are you really paying out more per block than the block actually produces? That's very generous of you. You also say deepbit's fee is 10%. Isn't it 3%?
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I don't want an exchange for BTC nor the previous IX,0X coins. It is intended for use as a currency.
There's not really much you can do to stop people from setting up an exchange though. Even if they just trade in forums it's effectively become a vehicle for speculation.
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I'd like to make a point about what's in it for doublec:
operate ixcoin exchange: doublec earns ixcoins and bitcoins operate i0coin exchange: doublec earns i0coins and bitcoins
operate ixc/i0c exchange: doublec potentially just earns worthless bits of crap that don't feed the kids or pay the bills.
This is pretty much it. The i0coin exchange earnt 3 bitcoins and 1100 i0coins in fees since opening. When opening a new exchange I'm mainly interested in the bitcoin side of the equation unless it seems likely that the alternative coins will take off long term. An ixcoin/i0coin exchange would be mostly speculative on my part since I'd have no idea if either coin is likely to be worth anything. And with 0.2% fees on coins worth 1% of a bitcoin, it wouldn't pay for server costs unless trading was huge. I don't think trading would be huge (what i0coiner wants ixcoins and vice versa?) and if anything bots would remove all arbitrage opportunities quickly. Not saying I wouldn't do it, but it's unlikely given the work involved. Setting up the exchange is easy - it's the support for it that's time consuming.
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doublec makes some nice profit off transaction fees, I wonder if he would make more or less off a direct trade. Interesting...
0.2% is not a large fee. The i0coin exchange made 3 bitcoins since opening in fees. I'm not sure that qualifies as 'nice profit'.
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typing bitcoind would start up bitcoin but not return me to the command prompt, bitcoind -server starts up bitcoin and then drops me back to the prompt.
What platform? 'bitcoind' runs in server mode even if it doesn't return you to the command prompt. The JSON-RPC server is still running. You'd add '-daemon' or 'daemon=1' in the .conf file to get the behaviour to fork itself in the background (on linux anyway).
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So those that were mining solo without the server mode switch would have lost any blocks they mined?
No, if they ran 'i0coind' then it uses server mode automatically. If they ran 'i0coin' with the GUI then they'd need '-server'. Without it their miner would not be able to connect and would give an error. You don't see mined blocks immediately because they take 120 confirmations to mature. Then they are reflected in the balance. They can also be 'orphaned' in which case they are lost. This is very common at the early difficulty levels when there is massive hashing power on the network.
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Doesn't the regular bitcoind start in server mode?
No. Yes, it does. All 'server' mode does is enable the JSON-RPC interface. This is automatically done in the programs ending with 'd'.
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one thing to watch out for... the addys ioexchange create for deposit are one time use only.. so dont set up autopay
And they expire in 48 hours.
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The owner is in IRC and told everyone what the deposited BTC and I0 was.
I can confirm that I did this.
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Is this an error in compilation or is it trying to use the real genesis block but it doesn't exist yet?
It happens when using git HEAD without any blocks downloaded yet. As a workaround I went back to commit c81732, downloaded the existing block chain, then went back to HEAD and it worked.
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Why does the blocks page show 4 blocks as having 119 confirms to go?
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still, the top 3 buy orders appear to be erroneous.
They're real buys by people. The won't actually go through at that price since no one will sell at that price. They'll go through at the lower price of any sell that appears.
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The IX Coin pool is taking 3%, so I am happy with 2.08%. Will be splitting my miners 1/2 to the pool and 1/2 to solo.
The IX Coin pool made a loss, even charging 3%, because it pays out on orphan blocks and there are a large number that occur when blocks are flying left and right every few seconds. So the real fee wasn't 3%, it was more like -1%.
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i0coind has been locking up on me. The exchange, which has no i0coind transactions yet but is running a client has hung twice. The pool has hung once. This is using commit 364742d79411518ef3ee123d3d1fd653b4674354.
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I've fired up a test bitparking pool for i0coin. It's at http://i0pool.bitparking.com and works like the existing namecoin and ixcoin pools. I'll switch to the release i0coind when it's available. All coins will be discarded when the new chain officially starts.
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Why would anyone complain about extra coins at absurdly low difficulty? It will go in minutes so whats the problem?>
huge number of orphan blocks and chain splits due to blocks going by every few seconds. it'll make the currency unusable for anything without a large confirmation count until it settles down.
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Can you provide a summary of the differences? Number of coins you've decided to generate, how often, etc? Putting this on the i0coin page would be good.
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