I guess I'll just jump in with a statement of the obvious. We need miners and node operators in equal measures. Given that mining (Spread)X11 is expensive I would hope that miners are suitably incentivised to support the Spreadcoin network. is this the point i jump and re-iterate about the min... o never mind ...  ... #crysx  |
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I guess I'll just jump in with a statement of the obvious. We need miners and node operators in equal measures. Given that mining (Spread)X11 is expensive I would hope that miners are suitably incentivised to support the Spreadcoin network. |
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Yup, same here. Eagerly waiting for service node testing to begin!
I too am waiting for SN testing. I'm expecting to wait another 2 weeks - 2 months before testing starts. So don't be disappointed if we aren't testing by the end of the month  I expect that testing will be broken into baby step chunks. Hopefully this means that testing will start sooner than we currently expect. I've got my fingers crossed... Crossed?.. Crossed. I think they say "holding your thumbs" in Sweden  Yes, Sweden is a strange place..  We have the same activity scores. |
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Yup, same here. Eagerly waiting for service node testing to begin!
I too am waiting for SN testing. I'm expecting to wait another 2 weeks - 2 months before testing starts. So don't be disappointed if we aren't testing by the end of the month I expect that testing will be broken into baby step chunks. Hopefully this means that testing will start sooner than we currently expect. I've got my fingers crossed... Crossed?.. Crossed. I think they say "holding your thumbs" in Sweden |
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Yup, same here. Eagerly waiting for service node testing to begin!
I too am waiting for SN testing. I'm expecting to wait another 2 weeks - 2 months before testing starts. So don't be disappointed if we aren't testing by the end of the month I expect that testing will be broken into baby step chunks. Hopefully this means that testing will start sooner than we currently expect. |
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^^ I think a good first step towards ocminers pool being in the OP would be it being made open source for peer review.
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Thats a really useful and informative post crysx. You don't seem tired or repetitive at all
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Told you so SPR is going downhill !
Good to have you back MrSpace, we've missed you! |
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I mostly agree with you that mining is difficult. The original intention of the solo mining only claim was to make it easier for the masses to mine with their CPUs and their GPUs.
If I run my AMD R9 on full whack for a week I might find up to 10 blocks which is great I guess (if you don't take into account the 300w of power that it takes) however even with the current low hash rate I find it hard to believe that the 250-500Mhs we are seeing are lots of individuals mining with their PCs. I have a feeling that there are probably only a dozen or so people with big rigs mining.
On a separate note, the SpreadX11 AMD miner is very inefficient.
Having said the above, I cannot understand your references to SPR being portrayed as the "GOD of all coins". This has to be one of the most hyperbole free threads on BCT. Everybody in the community recognises that there is a lot to be done to make SPR a success and all aspects of Spreadcoin need to be reviewed including mining.
As for OCMiner, I have a huge amount of respect for the work that he does and would love him to be involved in addressing any real or perceived issues with SPR mining.
chrysophylax, what do you propose as a solution to your concerns? Should SPR switch to standard X11 and allow pools?
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mmmh, i'd like to have some asian service noodles
The voting is going towards noodles. This could be a great Chinese marketing strategy. Who knew! I've voted |
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Downloading now. Thanks georgem!
Thank you for testing. Please let me know first if it even works and what MacOsX version you are using. You can do a more thorough testing later. I quickly tested it on 10.7.5 and it works. Looking very smart and downloading the blockchain on my 2013 11" Macbook Air running 10.10.3 (Yosemite) |
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Downloading now. Thanks georgem!
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Looks like we've passed the Crouton test. @devs when can we start scheduling the allocation of mining rewards to node owners? Obviously we need some nodes up on mainnet, but we might as well signal the reallocation to the miners while there are so few to complian  Re the payment structure. Servicenodes would be profitable now, with 30% blockreward. Other payment mechanisms can be brought to the table later on. I advocate a 30% reward (from miners) for servicenodes and an arbitrary % of the fee from each transaction via the servicenode network. Payouts would organically grow with more use of the SN network, and with that said maybe sometime in the future the block reward can be lowered. I like the idea of a small cut of transaction fees but for some reason it sets alarm bells off in my head. I can't put my finger on it. Maybe I've been hanging around with BTC people too much  |
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Looks like we've passed the Crouton test. @devs when can we start scheduling the allocation of mining rewards to node owners? Obviously we need some nodes up on mainnet, but we might as well signal the reallocation to the miners while there are so few to complian I guess the next step after the final version of the QT is released should be the roadmap for servicenode testing... |
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I've got my SPR Preview wallet trying to find me some Vanity Gen addresses I created, a few found so far I sort of expected the vanitygen to be a bit of a gimmick but it could actually be quite useful. Its nice to be able to instantly identify an altcoin address... |
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Just taking some time to play with the preview wallet. Looks and feels really good georgem...nice work!
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We need to be careful about crying "scam" all the time until we take the time to understand the underlying business models and what an issuer is trying to accomplish for her target customers.
Correct, Banxshares is most definitely not a scam. Conducting business with Banxshares may currently require a level of human trust that is foreign to those of us accustomed to reserving our trust for immutable ledger blockchain-based businesses, however, I'm sure that you can trust that the good people behind Banxshares are not selling you a fractionally reserved product. Exactly which part of their business is anchored by an immutable ledger is unclear at this point, however, I'm sure that they are planning on integrating Satoshi's invention into their accounting soon because why else would coinmarketcap publish their marketcap? Ok, so diving through your sarcasm I think the best you can say is buyer beware just in case Banx doesn't deliver against its business plan. Isn't that a risk with investing in anything? Its not as if Banx is claiming to be something it isn't.... |
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Nice to see a bit of volume starting to pick up on Bittrex. It might not be huge but its a significant improvemt on recent months.
Can't wait until you get the wallet finished georgem. Out of interest, have you found that having to really scrutinise the code of the QT has allowed you to understand a bit more about what Mr Spread was doing?
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Firstly, Banx Shares are not a coin. I think its a share issue based on various Bitcoin related businesses using the blockchain as a ledger. I guess this in itself leads to a question why it is on coinmarketcap at all.
From what I can tell, all investors receive their dividends on a monthly basis although there have been some customer service issues in recent times that are being addressed.
Mark Lyford, the CEO, seems to be extremely open about the business model and mechanisms behind it.
I think you're going to have to come up with more evidence to prove this is a scam.
I don't own any Banx Shares but have been following the project since before it publicly launched.
Finally, every single person who works for Banx is public about their identity. Why have you created a new account to make a scam accusation? Seems strange to me. Why not use your main BCT identity?
So it's not a coin, it's an unlicensed security. Yet another red flag that should tell you to stay away. As far as I know, there is no requirement to have a licence to sell shares in your business in the UK. |
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