A virtual currency designed to build an alternative to the DNS system. See these sites for details:

• http://dot-bit.org/Main_Page
• http://namecoin.us/
• http://www.bluishcoder.co.nz/2011/05/12/namecoin-a-dns-alternative-based-on-bitcoin.html

Ok, I'm using myOpenID as well but not using delegation. I'll test with that.

Are you using Verisign's service? I'm having issues getting that working. Hopefully in a day or two.

I made a small change - can you try again and see if it works? Are you using the Google button or entering your openid identity directly?

I've started a Namecoin exchange where you can buy and sell Namecoins for Bitcoins: https://exchange.bitparking.com

It's pretty new, only a few days old, but has had a few trades put through it. I'd appreciate any feedback for features and reports for bugs.

I'm keen!

They keep the transaction fees for themselves. They don't distribute it to the miners. They use these fees to cover the fees involved in sending payments out to users. Since their payments are 'instant' they also need funds available to send payments out that are requested while blocks are still 'immature'. The fees are also used for that. That's how I understood what was said.

Instructions are available from the freecoin repository:

https://github.com/sacarlson/freecoin/blob/master/create_new_genisis_block.txt

This is correct. Using the same address is fine. So is using different addresses.

See here: http://forum.bitcoin.org/?topic=898.0

I don't know what state it currently is in (whether it prints a message or shuts off the RPC interface).

There's a glut in the market. Tens of thousands of namecoins for sale and with the price of domains dropping rapidly, currently 31.09 NC per domain, the demand is low.

You don't need "-server", this is automatically applied when running namecoind. Just like with bitcoin, the "hashespersec" will show zero if you use an external getwork based miner.  Your miner should tell you if it is working or not (it'll show a hash rate and/or accepted blocks).

Yes, you need to wait 120 blocks when a block is found. Your miner will tell you when you found a block. You can use 'listtransactions' to see immature blocks and how many confirmations they've had.

Does Satoshi still have the capability to send an alert out to clients to shut them down in case of a network emergency? Or have clients changed that?

I don't understand the topupkeypool command. Can you explain why it is needed, and how the user is supposed to know to run it. What happens if they don't and the keypool (whatever that is) runs out?

And back to 2 Ghash. The pool server handled the load, but did identify a bunch of places I need to tweak.

Someone's helping test my pool software scalability. The namecoin pool temporarily at 11 Ghash/s.

I restarted the pool a couple of times today to fix a memory leak and excessive CPU usage. The server is ticking along much nicer now.

PM me your address and I'll try to track it down. I can send it manually too.

Someone is mining in the pool with an address of N5gW....4z3 but they've got a spurious '.NameCoin' appended to it. Possibly they intended for this to be the password? This means you won't be able to withdraw your coins since the address is invalid. PM me when you've changed your address and I'll fix things up.

Thanks to Nesetalis' help tracking this down, ufasoft should now work fine.