I thought giveway in thread was frowned upon in bitcointlk PFt9RCebqEoA8f11UwEUbzbRobCW7YWwHq.

Anyway how are the spuds doing? 

Another one is woodcoin.
Currently 100% mined with CPU.  Algo is double skein. 

To chop wood you need to be doing a specific hash function: double skein.  This is slightly different than skeincoin which uses one skein hash and then a SHA256.  The only version of minerd I have tested that has the option for double skein mining is the one ocminer gave us back in the first couple days:

https://github.com/ocminer/skeincoin-cpuminer

He forked a skeincoin cpu miner and if you look at his commit, you can see he replaced the SHA256 with a second round of skein.

I started working on a fork of gpu miner (thanks for testing that billotronic).  Unfortunately it is a little more involved than I realized.  I spoke with reorder who had authored the skeincoin gpu miner and he told me I would need to reimplement the full skein function in CL because the skeincoin algo only required midstate skein.  It's unclear how much of a performance boost GPU mining will give us.  Certainly less than for SHA256 based coins and probably less than Scrypt coins too.    

A plot of coins released per day, comparing BTC and LOG schedules for the next 45 years

Nice work Elbandi!  

I am testing now using ocminers forked skeincoin-cpuminer

https://github.com/ocminer/skeincoin-cpuminer

and it appears to be working (although I am the only one there).  If you can keep the pool up and the payouts work too, I wager the GPUs will start to get their feet wet.    

Edit:  to chop on the pool:

./minerd --algo=skein -o stratum+tcp://stratum.coinspool.cu.cc:3035 -u WVxpMuPXXZDEVo73mgBcaFKdhqJdEc2QjM -p blah

(you might prefer to put your own address in there   ) 

Looks great, thanks!

Is WQd6aKS9MKX4UHL6HaypYqG4SWX7x44McD an address you control then? 

Lol, okay no hurry, I will keep it on the back burner.  It is bound to come sooner or later though.  

I have done some more searching, the closest thing to pure skein mining I have found active is the myriad branch.  

If you want to try out the miner with your gpu check it out here:  https://github.com/reorder/cgminer_skein

Edit:  forked and in progress for woodcoin:    https://github.com/funkshelper/cgminer_doubleskein

You will need to point it to your woodcoin instance w/ rpc for solo chopping, as there are no pools that I know of at the moment.  

---

In other news, I am looking for some nice backgrounds for paper wallets.

Take a look at http://logaddress.org

  I will give 10k log bounty for a nice paper wallet background!  Thanks  

Good morning woodcutters!

Todays topic:  GPU chainsaws. 

I expected these to be out already but it looks like I am going to have to do it myself.  I am planning to fork this project to get the job done:

https://github.com/prettyhatemachine/sph-sgminer


Unfortunately I don't own any GPUs.  If any of you have some AMD GPUs on an old box somewhere please let me know and I can get you the test version of the miner before we release. 

Thanks!    Happy chopping --   

Is this coin still alive?  I am hoping to introduce a skein alliance and would like nigeriacoin to be part of it.  Contact me if you are interested! 

I am also looking for Skein pool information.  Please let me know if you know of any. 

Hi, I am only just discovering this coin  

What have you all learned about Skein from this project?  I have been working on a pure Skein coin called woodcoin and would like to form a skein alliance. 

cheers --   funkenstein

Look in main.cpp in the function "getBlockValue".  

You will see that the number of coins released is blockHeight*0.000042 + special blocks (.42 + .00042 + .00042 + .00042).  

I assume the block height is something like 510000 so there are 22 and change coins out there.  


This network releases about 31 coins per year so when it turns 2 years old there will be 62 coins in the wild. 

Yes fees are scheduled to become larger than coinbase, but we sure are a long way off from there now.  Time will tell.  Should be an exciting ride!

In the meantime stack safely: 

Thanks for your comment Salim, it gives us a chance to step back and compare mainnet bitcoin and woodcoin release functions.  

It may seem like logarithmic is too fast for the very first part of the curve.  That's why we have a forest.  However very quickly you will see that the logarithmic curve is the slower release.  Remember we reach half of our total supply after well over a hundred years.  Bitcoin released half the supply in four years.  

Right now we are at about 34 LOG per block, and our two minute target means 30 block an hour or 720 blocks per day.  Thats close to 25,000 LOG per day.  Note that Bitcoin is at about 3600 BTC per day released at the moment.  Yes we are faster now.  

When we hit block 200k, we will have a reward of 5 LOG per block and our units per day release will exactly equal BTC.  This will happen in about 9 months from now.  At this point, new LOGs will start entering the system more slowly than new BTCs.  

However sometime in 2016 mainnet bitcoin will reach block 420,000 and the reward will drop in half, so only 1800 BTC per day.  At this point, the newly chopped LOG supply will again be larger than newly chopped BTC.  

Then when woodcoin reaches block 400k, we will be at 2.5LOG per block and again we will be releasing newly chopped LOG slower than BTC.

In 2020 sometime, BTC will reach block 630,000 and the reward will drop to 6.25 BTC per block or 900 BTC per day.  This is about 1.5 million LOG blocks away from now.  At this point, newly chopped LOG will be coming in more slowly than newly mined BTC.  

This kind of behavior will continue until about 2032.  At this point, the coinbase reward for BTC mining will be in total 112.5 BTC per day, to be shared by all miners.  There will still be more than 150 fresh LOG released per day at that point.  From there on into the future, there will always be more newly released LOG than BTC.  

At that point and forever into the future, it will be clear that BTC is the coin that more heavily favors the early adopters.  


---

So why do we mine or chop?  Of course we want to support the network, to help each other transact.  But also we are doing so because we think that the LOG we are chopping (or BTC we are mining) will be more valuable in the future.  We seek an early mover advantage.  Network participation is incentivised by the chance to be an early adopter.  

It is not clear what will happen when that incentive is removed.  In 2016, with 3/4 of the BTC supply released, will miners still consider themselves early adopters?  How about in 2030?  How about in 2130 when there is zero coinbase reward?  

With woodcoin, there is ALWAYS the early adopter advantage.  Even a thousand years from now, new choppers will come across woodcoin and say:   tomorrow's choppers won't be able to get as many LOG as I can.  

Conclusions:  Get chopping!    

  

  
    
  

wow!  You got a lot more than 51% of the logs there.  Doesn't take much power to chop trees today does it.  Enjoy it while it lasts!    

I came across  an interesting blog post that highlights some of the design considerations of woodcoin:

http://blog.melotic.com/2014/10/15/why-market-prices-do-not-double-with-a-block-reward-halving/  


- Attributed to Ray Dillinger.  

This is the problem that woodcoin attempts to solve, by dragging out the reward schedule longer and longer.  The halving time with woodcoin from any block height is twice the current block height.  In other words, we are at block ~30000 now.  When we hit block 60000, the reward will be one half its current value.  100 years from now, the chopping reward will be twice as many LOG as it will be in 200 years.   

Welcome Acquafredda!  Thanks for the vote and grab a hatchet over here if you need one   You picked an opportune moment to start woodcutting, it seems some of the big axes have taken a break for the moment so the difficulty is down again.  If you need any help with your chopping let us know.

Also if you see any roving bands of orcish altcoin promoters do be cautious and let us know what they are up to.   

Nice work bitillionaire!  What is wrong with C-Cex and why do you like BTER?  

Woodcutters.  Please tell what you would like to see next:

1) bitcoin-core front end

2) electrum front end

3) android SPV client front end

4) multibit front end

5) smelting

6) more stories from middle earth

Thanks!!  

Well, as for the Ents address it is an actual address (you can look it up on the block chain) however it is one for which the private key does not exist.  Any donation to this kind of address is effectively a donation to all other LOG stackers, as far as I can tell.   

You might have a couple versions of QT installed. 

Try using
export QT_SELECT=qt4

then

qmake
make

--Good evening woodcutters --  

Woodcoin is one month old!  Come take a breather from your chopping and hear of my tales of my travels through the lands of the ents.  
It's true, I have spoken with the trees.

      _-_      
  /~~   ~~\      
/~~         ~~\    
 {               }    
  \  _-     -_  /    
  ~  \\ //  ~~  
        | |      
        | |      
       // \\      

To communicate properly with someone, you have to have some empathy with them.  One must be able to not only visualize but really to be in their predicament.  It's not always easy with the trees.  It takes a lot of time.  Of course without the help of the wizards and the elves I would have never had the opportunity.  

It turns out they run consensus networks as well, through massive root networks bridged by interaction with external fungal networks.  Block time is most often on the order of a year.  

I asked in a trance by the roots of a tall pine about slow networks.  They won't touch a coin with block time under 4 months.  
You'd be amazed what they can do!  Even if the block time is slow they get much more rapid transaction depth than you'd think.  Some kind of distributed mempool and global.  

And yet, apparently it was impossible for me to navigate.  The wizards said it was a spaghetti of multiple forks sometimes thousands of years old and yet all coexisting.  The ents are astronomers.  Big thinkers.  I'm not sure we're ready.      

Extremely friendly and beautiful creatures, the trees seem to speak in riddles.  I went into a trance and tried to visualize the network on the console and communicate with the tree beside me.  The tree seemed to tell me that I'm already mining in it's consensus network!  Something about the mitochondria of our cells as ASIC cores.                


I started to understand their transaction formats.  Extremely flexible protocols.  I realized part of what I couldn't understand was I couldn't find where the value or tokens were tallied in the transaction body.  The tree seemed to sense my trouble and told me that they had no need for artificial scarcity in their activities.  

It might sound crazy but it seemed almost like the trees are in an upsidedown world compared to my usual viewpoint.  Their heads are where we would call below the surface, and they dangle their legs "down" into the sky.  One thing I felt sure about was that we would not be alive here without them.  

-----

OK ok, lets get back to work.  I didn't just start this post to hint at future donations to tree hugging organizations, but yes these are indeed in the timeline soon enough.  I also would like to take this opportunity to thank the early supporters of woodcoin, in a sacrificial ceremony in honor of the trees.

The ents gave me a placeholder address for when we finally plug woodcoin in as a sidechain to the Gaia mainnet:

WeHonorTheForestsAndTheTrees4pPXTQ

I have sent a small donation