Bitcoin Forum
May 22, 2018, 08:22:03 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 ... 86 »
441  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.3 before block 6500 on: August 28, 2014, 03:58:52 AM
I believe we will see around 3-5k sat at the first real peak.


Curious where your getting that number from.



If I had to guess, I'd say it's based off of market caps. With our current supply of 5941 blocks * 10000 coins per block  = 59410000 BURST, at at a current price of 0.00000256BTC (256 satoshis) and BTC at $513.60, the current market cap is around $78100. At a price of 3k sats (0.00003000) if BTC stays the same, the market cap today would be around $915389, or close to a million. However, keep in mind 3.6 million coins enter the ecosystem daily, so at a price of 3k sats, the market cap would be increasing by around $55468 per day, whereas at a price of 256 sats (current), the market cap is only growing by $4733 per day.

Who knows what the market cap will be when, but it's a good tool to approximate prices based on personal assumptions.
442  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.3 before block 6500 on: August 28, 2014, 03:17:33 AM
Too add some speed comparisons, a 2xE5-2650v2 (when the plotgen is compiled with march=native and -O3, though that doesn't appear to make a difference in my limited testing) gets around 14000 nonces a minute, which clocks out to a bit over 200GB an hour, or around 4.6TB/day.
443  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.3 before block 6500 on: August 28, 2014, 02:40:11 AM
Interesting idea, although I dont see how in the long run it would change anything. If it catches on people will compete with their HDD size rather than hashrate.  

It provides a mechanism to prove ownership and use of some form of resource, without requiring large amounts of electricity and heat dissipation, which are two of the largest complaints about Bitcoin's PoW system.
444  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.3 before block 6500 on: August 28, 2014, 12:56:45 AM
if i renamed plots name from pool address to my wallet address... i can solo mine?

You'll have to regenerate the plots, as the data inside them is linked to the pool account.

However, there may be a migration means to v2 for v1 plots, that is up in the air. Might not want to delete them until you get more information on this. Smiley
445  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 27, 2014, 03:42:47 AM
Due to the increase in difficulty, now renting out TBs of mining power for 0.045BTC per TB for the first month (generation fee), then 0.0225BTC per TB per month thereafter. Solo or pool mining.

Just got an order for 20TB, so any other orders will be waiting a few days.

20tb?

Crazy.

I was thinking burst was probably a fad but its looking more and more like real investors are coming in.

What did he/she pay for that?


0.90BTC for a month once the plots finish generating. Smiley

Crazy. I wonder if that will produce more than just buying them from market today.

This is getting interesting.

Very interesting indeed. Right now, 0.9BTC would get around 500,000 BURST at the exchanges, give or take 50k. At current difficulty, 20TB would certainly generate >500k BURST in a month, but there's no way the current difficulty is sticking for any period of time. Personally, I think mining will be a marginally better return, but that's napkin speculation.

I think it depends on a lot of things. The sooner the better though. A 5% monthly reward drop doesn't sound like much but after a few months and an increased difficulty it will feel a whole lot more like a roadblock.

Hope you can get them their plots really fast. Whoever it is deserves a good chance.

Oh for sure, 4-5 days to generate, and plots are mining while they are being generated. It'll be interesting to see what 5% reward deduction does to the market prices, too. Smiley
446  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 27, 2014, 03:34:56 AM
Due to the increase in difficulty, now renting out TBs of mining power for 0.045BTC per TB for the first month (generation fee), then 0.0225BTC per TB per month thereafter. Solo or pool mining.

Just got an order for 20TB, so any other orders will be waiting a few days.

20tb?

Crazy.

I was thinking burst was probably a fad but its looking more and more like real investors are coming in.

What did he/she pay for that?


0.90BTC for a month once the plots finish generating. Smiley

Crazy. I wonder if that will produce more than just buying them from market today.

This is getting interesting.

Very interesting indeed. Right now, 0.9BTC would get around 500,000 BURST at the exchanges, give or take 50k. At current difficulty, 20TB would certainly generate >500k BURST in a month, but there's no way the current difficulty is sticking for any period of time. Personally, I think mining will be a marginally better return, but that's napkin speculation.
447  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 27, 2014, 03:27:32 AM
Due to the increase in difficulty, now renting out TBs of mining power for 0.045BTC per TB for the first month (generation fee), then 0.0225BTC per TB per month thereafter. Solo or pool mining.

Just got an order for 20TB, so any other orders will be waiting a few days.

20tb?

Crazy.

I was thinking burst was probably a fad but its looking more and more like real investors are coming in.

What did he/she pay for that?


0.90BTC for a month once the plots finish generating. Smiley
448  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 27, 2014, 02:27:20 AM
Due to the increase in difficulty, now renting out TBs of mining power for 0.045BTC per TB for the first month (generation fee), then 0.0225BTC per TB per month thereafter. Solo or pool mining.

Just got an order for 20TB, so any other orders will be waiting a few days.
449  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 27, 2014, 12:01:13 AM
Due to the increase in difficulty, now renting out TBs of mining power for 0.045BTC per TB for the first month (generation fee), then 0.0225BTC per TB per month thereafter. Solo or pool mining.
450  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto on: August 25, 2014, 03:22:49 AM
Hi,

I believe a few things need to be done in order to attract more folders:

1) Marketing the Idea out there; Reddit, Wikipedia, Youtube, Facebook etc. (How did Doge coin do?)
2) Lets try to recruit people from other Folding@home team. surely their is forums etc where we can write
3) We need a better Logo.
4) We need "Quality" media interest please write to Coindesk (I already did)
5) We need the ability to spend the coins. I.e shops, gambling etc.
6) Dev. be innovative and work with trezor wallet

Will Curecoin 2.0 resolve the issue of premine coin and miss allocation of coins?

We need a decentralized coin...

I hope the dev team is serious because otherwise this coin will die after the launch of curecoin 2.0

thanks,


Yup, Jake and Curtis are working through a large pile of media contacts. We are holding off on massive marketing for the time being though, as this project hasn't yet hit its full technological potential.

As for logos, we had a logo competition a while ago which resulted in the current logo designed by Carp which we are using, the voting for the logo ended up being easily cheated.

The goal is to have Curecoins spendable through a variety of coin payment processors, however we don't want to build too many services around the old codebase, to minimize potential issues when moving over to cc2.0.

I have a more in-depth blog post over at http://curecoinfolding.com/progress-updates-p2p-networking/ from this morning, detailing our progress thus far. To summarize, cc2.0 will remove the folding premine, and switch the dev funds over to a block subsidy system. Instead, the payouts will be issued by the network based on certificates signed by computational research facilities, mostly universities.
451  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 23, 2014, 02:58:48 AM
Still renting out TBs of space for Burstcoin mining--I do the difficult part, you just give an address Smiley

0.06BTC/TB for setup (includes one month of mining), then 0.03BTC/TB every month thereafter. Cancel at any time, though uncompleted month will be completed without a refund, unless the service fails to work properly. Bulk discounts available.
452  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto on: August 23, 2014, 02:50:14 AM
No payments today? What up?

Same here... nothing from the 19th..... nor the 20th ( but I dont think payments went out yet from the 20th... usually late at night where I live )

Hmm, that's very odd. My stats collection/sorting server ran fine yesterday, I'll ping Josh and see what his side is doing!

I went back and checked my transaction logs and it appears I also did not receive a payment for August 19th.  I did receive a payment for the 20th at the regular time though but it wasn't any larger than normal so it would appear something did happen to the August 19th payment for some of us.

Yeah, since the server runs near midnight, sometimes two transactions appear in one day, 23 hours and some odd minutes apart. However, it does look like there was a day skipped in payouts, which coincided with some stats issues stanford-side. Josh is looking into a fair way to distribute those days' coins. Smiley
453  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 22, 2014, 03:36:00 AM
can I pool mine and solo mine with the new plots?

Nope, the pool plots with the current protocol are only usable for mining to the pool you are generating them for. However, with an upcoming protocol addition, you will be able to 'sign away' blocks to a pool, allowing you to use private plots for pool mining.

I don't know how the dev plans to manage pool transition, but if he somehow gives the private keys to the pool mining addresses to their respective owners, those plots could be reused. However, this would be a logistical nightmare.
454  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 22, 2014, 03:34:15 AM
I am looking at the pool miner for the first time and 2 questions.

1. Where do I put the address generated at the pool site?

2. How do I make the plots for the pool?

Enter your address into the pool, pool will give you a numerical representation of an address the pool owns the private key to. Use this public address number to generate plots for, as if you were creating normal solo mining plots. When done, move the plots over to the pocminer_pool_v1 folder.
455  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 22, 2014, 01:59:34 AM
Tell me pls... why blockchain not downloaded on 2 PC from work and home.... internet is good

Are there any error messages in console?
456  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 22, 2014, 01:18:51 AM
How much power do you guys have on the pool? Got 400 GB myself, slowing working towards 1 TB.

A few TB being plotted now, probably about 15TB within the next week or so.
457  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 22, 2014, 12:32:25 AM

You can make it even simpler by just doing a JBOD/Spanning volume and make the drives recognized as a single 8TB drive. Then you can just put one miner and one wallet. You might have to make the volume a GPT, not MBR.

I thought of trying that, but how long would it take an AMD quad core (I think its a 4130) to plot 8 GB?  I have 2 computers with the same model motherboard, I could plot one on each then put both drives in one pc to save time, I think.

And is it 4096 per GB?

Whats the details on the mining pool, and would I have to re-plot the drives if I joined the pool?

Your CPU would probably take a bit over a week and a half to plot 8TB of data, given my 8350s take about an eigth of that time for 2TB. They are overclocked a few hundred megahertz, but nothing significant.

Yup, you could move the drive over from a 'generation' computer to a mining computer with ease. Easiest method is to simply run a different miner for each drive.

4096 plots per GB of data, as each plot is 256kb in size.

Joining a pool currently would require a replot of your drives using the public key (address) of an account owned and controlled by the BURST pool.
458  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 21, 2014, 11:26:17 PM
Could the plot range checker be modified so it also reports any gaps ?

+1

I've thought the same!

Gaps are not troublesome, and wouldn't be worth the effort of filling in, when you could just continue where your last plot left off.
459  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto on: August 21, 2014, 09:29:23 PM
No payments today? What up?

Same here... nothing from the 19th..... nor the 20th ( but I dont think payments went out yet from the 20th... usually late at night where I live )

Hmm, that's very odd. My stats collection/sorting server ran fine yesterday, I'll ping Josh and see what his side is doing!
460  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient POC Mining | Update to 1.0.2 before block 2700 on: August 21, 2014, 01:54:42 AM
The pool miner is stuck on "No valid shares to submit to pool".
Any ideas?

Yeah, assuming it is able to read your plots fine and you generated them for the correct address, this error simply means you didn't have any shares under the current (20k) difficulty/deadline.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 ... 86 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!