Bitcoin Forum
May 03, 2024, 03:31:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 [193] 194 195 »
3841  Bitcoin / Hardware / Re: Official Avalon Technical Support Thread on: April 04, 2014, 12:40:46 AM
I would like to know how to determine which firmware I must install on my CCBMC-Avalon miner if I want to upgrade it. I have the smaller 230G one with 2 units inside. It is currently running OpenWrt Barrier Breaker r38816 / LuCI Trunk (svn-r9934) firmware on it dated 29/12/2013 with CGIminer 3.9.0. The kernel version is 3.10.18.

3842  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ~BCX~Coin ~NEXT GENERATION PoH~ on: March 28, 2014, 05:07:43 AM
Ill point some miners to it.
3843  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 27, 2014, 04:29:25 PM
MY coins are in unconfirmed states and it's also showing that i am 10 days behind

Do i need to add new node?

There was a wallet upgrade a few days back. Did you upgrade?

Sorry...i dont know about it...i have not upgraded any wallet before and i also dont know how to do it.

Will my coins remain safe after upgradation?

Make a backup of your wallet.dat file for in case. I think they also give instructions but I cannot remember. Otherwise Google wallet upgrade procedure.
3844  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 27, 2014, 02:49:30 PM
MY coins are in unconfirmed states and it's also showing that i am 10 days behind

Do i need to add new node?

There was a wallet upgrade a few days back. Did you upgrade?
3845  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 26, 2014, 09:10:02 PM
Cryptsy does not really care about how many votes one coin has. I believe that there is high possibility EXE to be among next added coins.

it is in the interest of an exchange to provide a market place for a solid coin like Exe. The characteristics and fundamentals of Exe will pull it through to the bigger exchanges. Of course it would help to drop some BTC as well to have it higher up in the list Smiley
3846  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 25, 2014, 06:43:12 AM
it is very interesting to watch the interaction between value, difficulty, hash rate and mining motive on this coin. I could be wrong but it seems to me that these aspects tell us a story with the following conclusions.

Mining is not for short term profit but investment for long term. The typical cycle of the plethora of coins launched daily is a)hype, b)mining the $%^& out of a coin, c) value goes up due to demand or manipulation, d) miners dump and coin is dead, e) next coin rinse and repeat. The devs for Exe implemented the right measures just at the right time to reduce the risk of this coin following the same fate. I would stick my neck out and say that most miners are there for short term profit making to cover electricity, perhaps paying of mining rigs and making money aka get-rich-quick. Lets call these miners the pump-and-dumpers or profit hoard. As soon as profit hoard gets onto a coin and the measures are not in place, a coin is doomed. There is no arms race for Exe, simply because it is irrelevant. It was interesting to note that the hash rate and difficulty went up over the last few days when the value went up, but then the value consolidated but at a slightly higher level than before the rush. With the consolidation in value the profit hoard seems to have moved back to where they came from and difficulty moved back from 8 to 5. The current miners around 5 difficulty seems to be the ones that can see the future value of the coin. I don't mind making losses on electricity because I do my calculations on future value. I will carry the electricity losses for another year or two or three if needed. We will see each time the value increases, an increase in hash rate before the value stabilises at the next level and then when the profit hoard see there is no get-rich-quick they move back to the other coins. Each time the devs add another building block to the coin that the market likes, we will see the coin value consolidate at a slightly higher level. The hoard will come and then move back again - the price will spike and move back to the new level and so on. The fast processing of transactions with this coin adds the most value imo. When you do transactions, especially at merchants you need the transaction to be processes and confirmed quickly as a customer does not want to wait.  This aspect of the coin imo will prove it to be very much suitable for general daily use. Normal transaction speeds at a retailer when using a bank and fiat is between milliseconds to a few seconds. No digital coin will be that fast, but we also cannot wait 10-15 minutes either and this is where Exe fills the gap neatly as it is not milliseconds but also not several minutes. Add the protective measures of resistance to the profit hoard and you have a potential winner. A coin does not need a high number of processors and it is not necessary to have a high difficulty and the current level of 5 is perfectly fine because block processing is constant irrespective of hashing power or difficulty levels. Of course it is good to have it diluted as far as possible to prevent a 51% attack but as long as you are diluted to acceptable levels it is fine. Difficulty is in fact there to prevent an arms race and provide the correct balance in the ecosystem. We are seeing less volatility in the Exe value imo due to the profit hoard being less involved in the coin. Less volatility is good for the investors.

Doing a swot analysis it is clear that the threats are mostly external events like regulation, catastrophic event or artificial manipulation. There are lots of opportunities and strengths which is what the devs and the community must focus on. The devs must remain innovative and the Exe community must support the devs. Following this approach will realise the required long term rewards. I would place a large exchange in both the external threats and opportunity quadrants. There is a risk of superficial increase in value on a large exchange that could attract the profit hoard, however, some of the strengths like the algorithm, KGW will hopefully counter that. A large exchange is also an opportunity because it will provide a base for wider circulation. A large exchange is however not the most important thing - if it happens great and if it doesnt then also ok, but it will happen eventually. When it does happen the devs must be sure that the foundation and measures are in place to counter the threat aspects of a large exchange. A wide base will also come naturally as GPU miners realise that the future for GPU processing is in scrypt-n processing.

Miners will at some point or another realise that there is no get-rich-quick in mining. Any get-rich-quick is limited to the scam coins and those that are in early will make some money before that coin dies - get-rich-quick behaviour is not sustainable and a coin subject to that will die as it works against healthy market principles. No, mining is there just to support the ecosystem do the processing and bring new coins into circulation based on the block reward rate. Mining provides perhaps 10% maybe 20% ROI in the short term if you are lucky and higher in the long term, which will naturally push the profit hoard out of the equation. Select your coins carefully based on the inherent foundation, characteristics and building blocks of a coin and mine accordingly.  At some point retail will realise the value in the quick transaction speed of Exe and that will make it more suitable for retail than Vert. In the meantime the devs must carry on with their good work behind the scenes and us as the community must support them and be responsible with our market actions while we wait for the coin to come of age.
3847  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 24, 2014, 01:55:37 PM
Can anyone please give me a clear, logical explanation of why this coin is only valuated at 4 cents with only 4 million coins in circulation, N scrypt, and 0 premine?

This blows my mind.

Probably because it is not possible to hardcore pump and dump it like some of the other coins. As soon as the "profit" hoard and multipools jump on it the difficulty goes up. The hoard will rape the other coins while this one will grow steadily.
3848  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 22, 2014, 03:14:51 AM
pool4.yun235.net/exe/public
Chinese first pool!


Great stuff. Let the guys there now about what is busy happening on the other exchanges so that the market can get active on the Chinese exchange. Does the Chinese exchange and pool have an option to view it in English as well, this way the guys in the west can follow, join and also use the Chinese pool and exchange if they want?

EDIT: Nice, I see the numbers on the Chinese pool are increasing. This is good for diluting processing power for the coin.
3849  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 22, 2014, 03:13:47 AM
Guys, I just had a look at the markets (NTX-e, Poloniex and Coinedup) and it seems like buy orders have shifted from the right to the left with some green candle sticks appearing. I dont know if this means a lift-off or if it is just smoke still coming from the rocket engines before ignition. Either way there is little time left for those that want to invest at a cheap price - dont say you have not been warned. It is high time that Exe gets its position in the markets that it deserves. It has a solid foundation, solid and dedicated dev team with several important things for the coin that should be there that are in place (thanks devs), no pre-mine and all the good future proof characteristics a solid coin needs. It has the potential to rise high and stay in orbit as a long term investment coin.
3850  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 21, 2014, 10:46:41 AM
Or join exe.poolz.net
3851  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine on: March 19, 2014, 06:05:20 AM
Cannot trade on Coinedup as it says "trading in the market is temporarily halted". I wonder if there are issues at Coinedup.

Edit: seeing some movement again on Coinedup.
3852  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool resistant | no-premine on: March 18, 2014, 01:41:09 PM
I have an issue with the new Windows wallet. Before the hard fork and kgw I could mine 4-6 blocks solo a day at the current difficulty. With the new wallet I get none. Everything seems to work fine, the miners are hashing away, I can see the blocks being worked on etc. but I leave it for a day and zero blocks. When I join a pool I get 4-6 blocks solved again for the pool. I have not changed anything including the config file except for downloading and installing the new Windows wallet.
3853  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool resistant | no-premine on: March 16, 2014, 04:25:38 PM
I am not sure what to mine right now. Just a few days ago I saw the coin was at 0.0002 now its 0.00006
At this rate all this coin is doing is going down. I am afraid if i start mining it will just keep going on.

The quicker that GPU miners realise that GPU mining is not for profit but for investing the better. Profit mining is something of the past. One now have to identify a coin with future value and mine that. If you have to pay electricity or pay of a mining equipment loan, then I am afraid that is no longer possible on the altcoin space. I am mining Exe not to pay electricity but for the future value - sometimes you win and sometimes you lose. You are welcome to mine something else if you are trying to make up costs, but for the next while the coin value will hover under 0.0001 before it will go up again. If you can wait that long good for you.

There is no such thing as a "profitable coin" anymore. The quicker everyone realises that the better for everyone and for the whole ecosystem.
3854  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool resistant | no-premine on: March 16, 2014, 03:17:35 PM
All dumper are crazy

As soon as the mining dumpers that have to pay for electricity are out of the system the investors can take over. A high network mining hash rate is not important because you can have the same block rate with 1 CPU at low difficulty vs a gazillion quintillion terra has rate at super high difficulty. What is important is to gave the coin in the hands of many investors.  There must be an average hash rate for mining but many exchanges with high volumes of trading for the coin so that there can be liquidity.  The highest risk of a new coin are many miners mining for profit because miners are the dumpers on small exchanges with low volumes causing the value of coins to be low.  Investors know how to work a market so that there is not high volatility and investors know better than to just dump. A new coin must just get through the first few weeks without being killed by profit mining dumpers and Bob's your uncle.
3855  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin on: March 12, 2014, 03:11:07 PM
Is this the same coin?

https://bitcointalk.org/index.php?topic=508844.0
https://bitcointalk.org/index.php?topic=496491.0
https://bitcointalk.org/index.php?topic=499291.0
https://bitcointalk.org/index.php?topic=508026.msg5605009#msg5605009

Lol at this coin. I mined for a day and got 12k odd coins. Managed to sell it and recover about $3 towards my electricity bill. I hope you guys all the best in making some money with this one going forward.

I lol at you, its mine and dumpers like you that keep the price down.

Maybe. At least you are trying to add value to the coin which is commendable.
3856  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin on: March 12, 2014, 01:53:29 PM
Is this the same coin?

https://bitcointalk.org/index.php?topic=508844.0
https://bitcointalk.org/index.php?topic=496491.0
https://bitcointalk.org/index.php?topic=499291.0
https://bitcointalk.org/index.php?topic=508026.msg5605009#msg5605009

Lol at this coin. I mined for a day and got 12k odd coins. Managed to sell it and recover about $3 towards my electricity bill. I hope you guys all the best in making some money with this one going forward.
3857  Alternate cryptocurrencies / Altcoin Discussion / Re: GPU mining= profitability going down the drain. on: March 12, 2014, 12:58:10 PM
For the ecosystem to work you need suckers that will buy the worthless coins. Unless you can use the coins for something it is worthless. Make a coin that can be used for something. I cannot see a currency not being widely used to have any value. Having said this, the clever and experienced players will know how to use this flawed ecosystem to their advantage.
3858  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][VERN] VernCoin - The VERN will be BIG. SCRYPT-N, Fair, 0% Premine on: March 11, 2014, 01:31:27 PM
What is your value proposition to make this coin acceptable as payment method and make it popular to own? Why would anyone want to buy your coin and what can they do with it that they cannot do with coin x already (replace x with any other new coin)? If you don't have a proper value proposition and plan, this coin will go the same as coin x (replace x with any other new coin) where it gets mined, and as soon as it hits an exchange the early miners/devs dump and everyone just hopes that they are not the one with the hot potato (to be read as bag of worthless coins) when the music stops.

The only positive point I can give you is that you do not have an IPO.
3859  Other / Archival / Re: delete on: March 11, 2014, 04:20:06 AM
Couple of small things - VTC takes several hours to reflect once sent to Cryptsy and then I also did a trade where my alt was sold but BTC did not appear which was solved after logging a ticket. These are not big issues and otherwise it is a very good exchange providing good service.
3860  Alternate cryptocurrencies / Altcoin Discussion / Re: GPU mining= profitability going down the drain. on: March 10, 2014, 11:06:06 AM
Thinking about it, why would someone buy an altcoin as there is not much that can be done with it. Everyone just converts back to BTC. There is no future earnings potential and you cannot buy something with it. The problem is that there are too many coins out there, with each one following the same pattern from rise to demise. What is needed is a market with only a few coins that are actually accepted as payment. Asics sold out on the basic principle of distributed processing by ruining both Bitcoin and soon Litecoin for the man on the street. Any Scrypt coin is doomed imo. The future for the man on the street is Asic resistant algos like scrypt-n, but then there must be some kind of motivator for people to buy it. It seems like the markets are just full of bag holding miners that want to sell. We need buyers for the coins and who will buy coins if they cannot do anything with them? The buyers out there I think is getting tired of ending up with bags of worthless coins. A lot of the new coins have weak markets because buyers dont want to burn their fingers over and over. The GPUcoin that has just launched is a atep in the right direction by providing some kind of value if it does end up being accepted for GPU purchases, but that is not enough as we need something more than that that is accepted as payment for stuff, not just being traded for other coins. If BTC can be an indicator, perhaps we should learn from it and replace Litecoin with an Asic resistant coin as the BTC alternative produced by the man on the street, not by a few powerful companies. That is of course if we want to keep processing distributed and in the hands of the man on the street.

If we dont keep processing decentralised, we can just as well usea central model where digital money is produced centrally.
Pages: « 1 ... 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 [193] 194 195 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!