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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014
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on: November 18, 2014, 12:49:58 PM
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Great stuff, well done! Yes, I remember the 30 sat days and one massive pump around then... I held on... Good luck - I will keep my eyes on here  No, im just a man who trusts on MOON since +30satoshi and it go down to 2-3 litoshi, and now im here to support MOON until we reach the initial value of the project. Peme is working on the wallets and the fork to change from random reward to static reward. But i think this coin doesn't need so much development, its fine as it is. We need developers for android wallets, payment processors etc... But for sure we will pay bountys for that, each time price rises the bounty is more valuable... Then in satoshis we could give some hundred millions for developers. I like how everything is going on and the good relation with community. We will start new thread after everything will be finished in relation to the fork etc... (Coinflow correct me if im wrong on any) Thank you - I saw the signature links in your previous post just after I posted... Without trawling the entire thread - are you now the moon dev? TY |
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: cryptocoincharts.info - bitcoin / altcoin charts
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on: November 13, 2014, 11:42:20 AM
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Ah ha - I see site back up so assume you found a solution - excellent! API appears to be working fine at first look at our service. I use a 600 second window for fresh API calls so should be fairly small [respectful] bandwidth! That's great - can provide you with hosting if you wish... I would rather not see your service die! PM me? it was a virtual server and i am not able to access anything on it. but it looks like the hoster wants to give me an image of the whole virtual HDD. so i will be able to extract the mysql data. hopefully he sends it to me in the next hours.
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: cryptocoincharts.info - bitcoin / altcoin charts
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on: November 12, 2014, 11:16:19 AM
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What tech is the service written in? Can you still ftp to the host? Sorry to be so basic but trying to establish if you can do a db export and pull down all the site files? hoster is not responsive at all. tried to contact them many times. in the meantime i tried to restore an old backup but i completely screwed up. havent checked the backup cronjob for a while and the last backup i got is 35 bytes big  something went completely wrong  i do have backups but they are some months old so i tried to get the server up again. there is all the data. i really hate the whole hosting thing. so much hassle So, any update? News?
I would like to help if possible...
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark
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on: November 07, 2014, 09:41:43 AM
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This has been the subject of much discussion as would be expected... However, marking and tipping are quite different animals - there will always be many providers of 'similar' services especially where they have value. Imho, marking is a 'value add' service linked to BTM (as the parent currency) as opposed to being BTM's main purpose. There may well be many services developed on the back of BTM but marking is at the forefront at this time. I will leave it to others who can elaborate more clearly on the differences between 'tipping' and 'marking' but in essence, tipping is firmly 'money based' and will be viewed and measured as such, whereas 'marking' is up-voting, reputation, and the sharing of marked content - but with the value of cryptocurrency built in... I have a somewhat controversial question maybe, but please understand I mean no harm by asking it.
The last day or so Changetip has gone somewhat viral, people are tipping eachother on both Reddit and Twitter like there is no tomorrow.
How do you (devs and enthusiasts) feel this may or may not affect Bitmark? BTM's main purpose (as I see it) is to tip people for content you like on the web.
As Changetip is linked to BTC and has in this sense first mover advantage, do you feel there still an incentive to use BTM for the same purpose?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark
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on: October 06, 2014, 08:48:34 AM
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@tdokta - cool, well done! I know you had electricity supply issues, as do I when my wife sees the bills! (Naturally, I pay the mining element of these but doesn't stop 'the look'!) Hi Andronicus. After I made that post, I had a bit of a think about it and realised I was probably helping myself more than the coin and other miners (as you rightly mention). So, I've now parked my miners on BTM for better or worse You can see me on xhash as ben96c - it's a long story why I mine under that name!! @johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise.
However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM.
better or worse, you will see us in xhash too, also in the process of upgrade of machines, soon to point at least a gig once once operating efficiently. we have to upgrade electricity lines to our facility, which is taking a little more time than expected, almost there. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark
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on: October 03, 2014, 03:19:57 PM
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Hi johndec2 - yes, I remember you're ben96c and thank you for your thinking and actions! This will raise a smile on a few faces:  Much respect Hi Andronicus. After I made that post, I had a bit of a think about it and realised I was probably helping myself more than the coin and other miners (as you rightly mention). So, I've now parked my miners on BTM for better or worse You can see me on xhash as ben96c - it's a long story why I mine under that name!! @johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise.
However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark
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on: October 03, 2014, 08:33:30 AM
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@johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise. However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM. So yes, my dedication to this project is without doubt. Of course, I have electricity costs to meet but that this and my time spent working on projects that aim to adopt the wider features of the project are my investment. Moreover, it is my perception of the project's long term value and worth (on which @melvster comments) that underpins this investment. With respect Edit: Your question regarding the IPM may not have been answered - I cannot but @coinsolidation or others may be able to update you on this subject. Androidicus. I admire your dedication to the coin through thick and thin but this "feast and famine" cycle is wearing a bit thin. It's looking like the current round may last up to 10 days, followed by 6 hours of insanity, rinse and repeat. Like you, I'm hoping that it will eventually equalise but we shall see.
The general theory around here is mine at all diffs and you will be rewarded. Umm, sorry but that is not true. If I was mining BTM at the current diff I would be getting around 20 BTM per day. What I am doing is mining another coin, selling it and buying BTM. That is getting me up to 40 BTM per day plus helping support the price. Judging by the nethash, I'm not the only one that has figured that out.
In a way, I'm doing myself and other bag holders a favour. By NOT mining the coin I'm making it scarcer and therefore more valuable. What happened to the IPM scheme that was supposed to avoid this situation?
Yup good analysis. It's swings and roundabouts really. Mining BTM has the advantage of securing the net, faster confirms. If you want to actively play the market you can arguably make an increased return during certain periods (what warren buffett calls cigar butt investing), but, imho, it's relatively small sums compared with the long-term project ambitions, as the free float is still small (under 5%) and about only 1% of people that could know about BTM do. Similarly scarcity will act as a deflationary influence. But there's another aspect from the mine/trade paradigm and that's growing adoption from the web. The poloniex rollout has been quite eye opening, there has been a hive of activity, and if this leads to more engagement and businesses to gain a significant competitive advantage, then this ought to become another driving force. As a developer my hope is that adoption will lead, and the price follow. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bitmark
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on: October 01, 2014, 08:34:49 AM
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I don't want to sound off but wtf is with the difficulty at 1953 when no one is mining the damn thing bunch of bs I tell yah it should drop rewarding the few of us that continue to mine costs money to mine and sure not making much
When it drops many people join to mine it pushing the difficulty back up again. Eventually it will reach a point where hashrate evens out and grows consistently, until then it's better to have less supply when there's less demand, than to have the same supply. Miners are rewarded with BTM according to their hashrate, the more consistently miners (as a whole) mine the more consistent their rewards. As for the price-tag of those rewards in some other currency, well that changes over time and can't be calculated in advance, it depends if you ever swap it for some other currency, and at which point you do if you choose to. And I would add @coinsolidation's historical statement "mining is a service, not a money printing machine". One cannot judge short term profit against long term value. Personally, I have been mining consistently at all difficulties other than hardware downtime. Why? Because I believe in supporting the network and I do not measure the reward in terms of dumping mining production at the exchange. My 'cost of production' is my investment - the project's long term 'value' is the reward. Read through the thread, at the project's twitter feed, and at what is actually happening on the ground i.e. marking adoption on Poloniex chatroom. With every adoption and growing excitement at what is coming in the future, the 'value' will grow... |
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