Well, price could possibly drop to 1900 or so and there'd be almost no difference. The problem is, Bitmain has the right to manipulate the prices as much as they like, because they're the only big company making any chips and miners right now. i'm guessing the "demand"(pretty high, i assume) will make the price go up AGAIN for the S9. Dunno why it's "limited edition" though. Maybe I missed something, but aren't all their miners "limited"? They all eventually become not produced anymore.
Suspect they are doing a bit of hype by limiting purchases to 5 units or less per order. Doing so makes the home miner feel like the data centers won't overwhelm them, and perhaps by limiting the sale somewhat, difficulty won't spike as bad. Note its 5 per order, not aware of anything to prevent someone from having 200 orders in. |
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Ordered one on June 1st, DHL got the shipping paperwork on June 12th, actual pickup on the 13th (China time). Was thrilled to see DHL predict delivery yesterday by end of day. Didn't happen.
Called DHL today and was told the unit was apparently stuck in Chinese customs. DHL US has the paperwork, but not the box yet. *sigh*
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Thank you adding the coin!
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The original idea was for a long-term investment - a safe harbor if you will. At the time the coin was started there was a serious problem with wild valuation problems due to mutli-coin mining sites. They would check valuations every 15 minutes or so mine, then dump, whichever coin was most profitable. 1Credit was design to resist that by having a large variation in its difficulty and resulting block times - making it hard to predict for those sites. That part remains working as planned:
Everyone has seen "long blocks" on bitcoin, which likely has hundreds of thousands of miners, if not millions, working against it. Although bitcoin is suppose to have a 10 minute block time, its not unheard of it having "long blocks" that take hours to find.
1Credit, with its much small pool of miners, has a slightly shorter block time (about 8.5 minutes), but by design encourages a both short and long block times. When you look at it over a period of a month or three, it averages out to its design time, but over a period of hours or days swings all over the place, sometimes with a "long block" taking more than a day to find. This makes is horrible as a bitcoin replacement - since confirmations can take a long time, but is not a problem as an "archival" coin, where you may only do a few transactions a month. Its a niche, but seems to have found some backing.
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That might explain a block or two, but not more than that I would think.
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I once had 5000 1CR, but sold some cheap before the recent price rise. You might think that was a bad trade but perhaps I also motivated the recent pump and I was able to sell some high also. Current trade analyzer profits of about 2.4 btc and 550 1cr left under my control. I'd still like to participate in the coin. Any recommendations of miners to purchase that would be well suited to 1CR? I have an old R9 290 graphics card but I think the electricity consumption would be way too high for 24/7 1CR mining.
Well, good news, bad news on the miner front. Good news: Any of the ASIC Scrypt processors from 2015 will do just fine: Old GAW miners (Furys, Black Widows, War Machines, Zues, A2s, Gridseeds, etc.) Most of the Zeus based machine are similarly efficient, running about 32-40 watts per MH of Scrypt. The A2s are quite a bit better at 7-8 watts per MH, but had a history of catching fire. Of course, anything that has survived this long is probably safe... Found an A2 on e-bay for $700 - not cheap, but one of (if not) the fastest ASIC boxes out there for Scrypt at 110MH/sec. Hmmm, 1100 watts so 10 watts per MH. Suppose that makes sense, the original model was 80 MH/sec and they likely overclocked - which is productive, but never as efficient. At the other end of the spectrum, you can find GAW Furies for like $20 without a power supply - but a good PC supply can drive 10 (3 per PCI-E connector with adapters at about 60W each). Bad news: Nobody has made anything new in quite some time, so compared to modern SHA256 stuff, like a Antminer S7, your going to lose money per $ of electricity consumed. Also, using a GPU is no longer cost effective against any of those 2015 ASICs by an order of magnitude or two. FWIW - I currently have a pair of Black Windows running to support 1Credit and a pair of Furies running on YACCoin (which has a bigger base network).  |
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The worst people and the best people are both doing the best they know. In a few years algorithms and attitudes will adapt and develop, then 1credit will be considered barely ahead of any other coin from this era. so don't get conceited  No worries there. When I finished my BS in Applied Math (closest thing to a Comp. Sci degree available back in the 70s) I thought I knew everything there was to know about computers. Half-a-dozen years later (I did it at night) I received my MS in Comp Sci and realized I didn't know shit about anything. That pretty much sums up the value of the MS since few of the technologies are relevant anymore (but I can tell you how to do hidden line removal on a vector-graphics display! OK, OK... I can still probably write a context-free grammar based language if I really wanted to.) All my coins are what they are: tweaks of Litecoin (IMACredit is a serious tweak of Vertcoin, which was originally based on Litecoin) and efforts that took from months to weekends to create. Nothing more, nothing less, beyond the fact that I still care enough to support them a couple of years later and still have friends that help. |
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<smile> Thanks...
You know, its support like this that makes running the coin worthwhile. Its not about making a huge profit, very few coins ever do that, its about the community that forms around the coin. Thanks again.
(I have to relay one short story: There are dozens of people who want to write a coin for ever one that actually does. Those that do are often contacted by those that don't and given sob stories on why we should do something for them. My favorite was "I don't have the time to develop my own coin, but I have a great idea: merge the features of coin X with those of coin Y. I'll give you half of the pre-mine!". I pointed out that both X and Y were junk coins... the response I got was "Look, I'm not trying to change the world, I just need a quick coin to pay my rent with... then I write something serious." I didn't write back.)
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Verses what? Some coins have half-lives of a month or less, when the author is trying to hog everything...
I like looking at it the other way: If someone came in now, and mined ALL the coins in year 3, they could still own 33% of the coins. How many other coins can say that? e.g. Year 3 people still have a good chance to own a significant portion.
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Appreciate the input and will check it out.
Not sure that site existed 2 years ago, much has changed since then <smile>
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Need some help on the webpage to get the block number to show. I'm a (part time) C++ programmer, not a web developer. The current site is built using Weebly, because it looked decent, was easy to do, and I use it for the family farm website so am fairly familiar with it. Is there a way to query the block explorer at https://prohashing.com/explorer/1CRedit/ and have it just return the block number? If so, I could add that link to the website... |
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A bit of good news:
I just uploaded a 9.9.23 Windows build. Follow any of the links to get it.
This was built with the latest OpenSSl 1.0.2g library, which was my primary concern. Less worried about having the latest BerkelyDB or Boost type libraries, which is what caused grief before.
Also slightly updated the website.
BTW - The coin is rapidly coming up on its 2nd birthday. 10 days to go!
ps. Again, total coin count is simply the block number, since there is 1 coin per block, and there was zero pre-mining.
pps. I sent an update request into coinmarketcap.com
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No. Coin is running to spec. I add checkpoint records occasionally and keep a pool going just for consistency.
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Had problems with package incompatibility the last time I tried to build on Windows. Should take another pass on that...
The Linux version is newer.
Regarding total coins, that is easy: Its the block number since there is only 1 coin per block.
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Thanks for the support. I continue to mine it...
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Thank you Scappy but I'm looking for a company I can buy through, not an individual.
Appreciate the offer though.
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Bump with a generic request: Any way to buy NCoin at all with bitcoins?
Amazon sells them, but when you try to use purse.io you get an "out of stock" message.
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Found the problem: Apparently one end of my network cable leading from the machine room to my main switch was bad. Once I replaced the end, not only did my brief offline problem go away but the miners were easily upgraded with new firmware.
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Hello all. I have a pair of Batch 1 Antminer S7s that I can't seem to upgrade with firmware. I'm guessing I'm doing something stupid, and would appreciate someone pointing out what. I've gone to the Antminer download site and grabbed both the October and December 600M firmware files (.gz). I go into the System->Upgrade panel, browse to my download folder, and select one of the .gz files. I click "Flash Image" and get: http://puu.sh/mEegG/d9c7dee733.pngThe system stays that way forever. Going back to the system overview shows the original firmware running (September 15th version). I'm trying to fix an annoying problem where the miners occasionally stop mining, beep that the internet is down, then resume 10-30 seconds later. This happens, randomly every hour or so, sometimes a couple of times an hour, sometimes not for several hours. Both miners are doing this, although I've never seen it at the same time. If I didn't know any better, I'd say they had duplicate IP addresses, but they are statically configured with unique IPs. I have other Antminers (S3s and S4s) running through the same switch without problems - its just the S7s. Of, each time this happens my mining pool tells me I've lost a miner, but just for one polling interval. Very oddly, we had a power outage a week or two ago, and things were stable after the power came back. I moved the network cable coming from my machine room (where all the antminers reside) from my general switch to a new firewall and the problems started back up again. The "sometimes" nature of this issue is driving me mad (as is the random beeping!). In any case, I'm hoping a firmware update will resolve this, but can't get that working. Not a good day. |
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And, of course, make sure your equipment can mine with Litecoins Scrypt algo instead of Bitcoins SHA256. Few ASICs can do both. |
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