Potcoin already has had an attack a few times the last week or so. They're hashrate is 2GH+ so any coin is vuln to an attack not just PND. If people really wanted to they could attack PND but why bother when other coins would be worth their time and energy. They were trading @ over 3000 satoshi's and now are barely just over 1000 satoshi's

I like to mine, regardless of coin. It's a great hobby albeit an expensive one. It's easy to do and doesn't require alot of thought whereas I simply don't have the time to watch markets all day.
If there are no miners to secure the network then how would the coins be moved into exchanges to trade with. BTC's diff and hash are stupidly high yet people still mine it. Question is tho, why wouldn't you mine a coin with such low diff that is definitely rising again. Currently @ 10MH you can make 7.2M PND a day.. that's like a little over $20.50 @ current rates.

LTC or BTC or *insert coin pair here* trading really isn't that big of a deal. Fact is it's being traded and has been despite the rebranding and dropping of BTC trading pairs. More often than not the conversion works out to be very close regardless of trading pair.

Currently I'm making ~$3.10 a day... tomorrow it could be $5 or $2 depending on difficulty. Someone with 1 billion+ PND already has over $3000 USD worth of LTC in his possession. I myself have 87m so ~250-300 USD worth, that's nearly 1 BTC since it's so low atm. When it's so easy to mine atm, you can rack up quite a bit before the asics come along and absolutely rape everyone's GPU farms on Scrypt. Eventually, they'll tap into the other algo's because that's the flow of technology. Nothing is impossible nor improbable.

Price has been rising steady since the multipool came along as was expected and also talk about POS/Merged Mining so I wouldn't be surprised if BTC pairs begin appearing again. At the end of the day it don't mean squat to me I'll trade against any currency pair (and have been) that is available.

The people crying over asics and worrying about them are the same people who don't want to invest 10k on a titan, or buy the cheaper asics available that use far less power than a GPU. Perfect for me since I live in one of the worst countries for power rates. Australia really anals us with no lube @ 27c (some people paying 35+!) per kw/h. Tho I'm slowly building up a little Gridseed farm and why not... ~$150 per unit @ 7-10W each vs 800W+ just from 2 7970's, I'd say that's an excellent investment and my power bill won't be anywhere near what it is currently. We're currently finishing the summer season here in AU so winter will be fun since my rig will keep my room nice and toasty...

My mining rig alone doubles my household electricity usage and that's with 2 adults and 2 children. I was considering quitting mining due to the costs vs low BTC price. Before gox shit itself and BTC took a nose dive because of recent chinese propaganda, I was laughing all the way to the bank... I didn't have to worry about how much power I was using. Now I'm making a loss each and every day for the past 3 months and it's really caused me to reconsider my position as a miner. Point is, don't dwell on the past... rather evolve and go with the flow or you'll be left behind.

Just my 2PND worth...

It appears as though the owner of cryptokk took off with everyone's coins and shut down the service. I hope none of you had any PND or any other coins stored at this exchange... I did not bother using it since the overall appearance of the site looked rather 'dodgy'

More info available here

You should remove the exchange from the OP.

Rented a 200GH Ant from this guy and it performed above expectations. Cheers for that mate

don't forget the paper wallet also. http://pndaddress.org

The fix has been applied, It's a couple posts up...


The OP should probably be updated also with the new release...

It probably is the only one running atm, i'm unaware of any others running currently. If you want to connect to other panda p2pool nodes, first you need to find one that is running. Once you find one, you must replace the IDENTIFIER and PREFIX values with the values of the other p2pool. Otherwise your pool will complain and not connect to the other pool thinking it has the same IDENTIFIER and PREFIX as it's own. Finally, you must prepend the other p2pool's node info to: BOOTSTRAP_ADDRS= variable. For example:

It's other pools that will connect to yours because your pool is the seed node to begin with. This is what the IDENTIFIER and PREFIX is used for. Other people will copy those two variables into their own p2pool config and connect to your pool forming the p2pool network.

Also your SUBSIDY_FUNC is incorrect. It should read:


Since the block reward is now 50k and not 10k as represented in your edit and we don't want to unfairly under pay our miners

Good Luck with your pool!

We have one now, albeit my Photoshop skillz suck balls. The wallets themselves seem to be working so give it a shot and let me know if you have any issues. I'm open to any and all designs for the paper wallet. I was thinking of maybe offering a few choices the user could print off instead of just the one static image (which sucks btw - but does the job nonetheless). Anyway, the URL for the paper wallet is: http://pndaddress.org

Sweet, i might give it a miss then this time round. I've not had any problems with nodes or the like since launch. If i was impatient on the sync then i'd just add a node from one of my two dedicated servers which have the daemon running on them anyway and serve up the data for the pnd blockchain explorer ...but sync has been pretty quick overall and i've not needed to utilize them as such.

BitCoinMiner.BJ(BlowJob) ...I wonder how that would feel lol

Is there anything different in this release since the current client i'm using is already v1.5.4.0...

Nah using ESET NOD32 Antivirus 5...

It's a different error tho, it's just claiming it was a Blocked Object.. normally it would show the trojan it thinks it has although, in all the clients i've downloaded from various coins (despite people claiming of a false positive bitcoin trojan) i've not had my antivirus complain once. Except for today - probably because previous versions were zipped and perhaps chrome is complaining therefore triggering the antivirus to fire up. It's ok i'll just remove it from quarantine and run it, i don't have a copy of visual studio handy to compile it

*Edit*

Also i noticed the wallet i'm using currently is already v1.5.4.0

Odd... I downloaded the new wallet and this time my anti-virus claimed it was bad. All previous versions were OK and passed through it no troubles

Given the amount I pay in electricity costs here in Australia, I won't be mining this coin. Other factors such as the IPO and Premine (little greedy there aren't we??), the shitty looking logo... (you could have at least used the damn union jack and/or included some colourful mention of our aboriginal natives!), the lack of any innovation brought on by the coin, no free coins to fellow aussies given that this is yet another country coin and the fact I suspect (although I could be wrong) you're not even in Australia going by the countdown timer puts me off this coin. Way to shit on the country with another shitcoin there 'mate'. How very un-australian of you... Figures tho, you're probably not even australian

Happy Halvening!

I've kept mine all on SwissCex.

I'm enjoying SwissCex for the most part. Feels pretty smooth, looks crisp, site is rather fast and all my alts inc. btc have transfered in and out rather quickly. I've not had a problem with them as of yet. Their staff are rather friendly and value user input. It's fast becoming my (if not already) favorite exchange... I've also enjoyed bter in the past and before that was mainly dealing with btc-e tho not as much now that i'm pretty much using just swisscex. I'm not fond of mintpal, i don't really know why to be honest... something about it puts me off but i can't put my finger on what exactly :\

I was put off by cryptsy in the past for their long deposit/withdrawal times and slow site loading but i've recently checked them out again and it appears they've fixed those issues, albeit their site still seems rather bloated for my liking.

Just my 2c...

I prefer SwissCEX anyway...

The demand comes from those who don't fully understand how P2Pool functions, else they'd have worked out the correct settings themselves instead of asking for a copy+pasta version. I'll admit, given my little knowledge of coding, it was quite a challenge for myself to find values that would best suit the network as a whole. It wasn't until I hit the SUBSIDY_FUNC value that the realisation became clear there is no support for random block reward coins and allowing a static value would pollute the chain with undervalued blocks, thus causing people to complain. I can only hope that someone with enough knowledge and free time would port in support for coins that offer this type of reward. Sadly, at this point there appears to be no progress on this ability and forrestv from what I gather, doesn't feel inclined to add support in the future.

I agree that we cannot stop people from making their own config, but we can delay them... at least those who'd rather copy+pasta than actually work out the values for themselves since there are multiple posts here on BT and on github repos detailing how to do so. I apologise if I come across as narky, I'm just just a little OCD with most things. I like cleanliness, conciseness and some level of order...it's one of my weaknesses or strengths however you deem to see it.

One final note I should mention, regarding the PREFIX and IDENTIFIER values. They do not need to be the same, as long as the values are of 19 numbers converted into hex, p2pool will function correctly. P2Pool would be good for after block 500,000 since the reward becomes a static 10k value. Until then, I'd steer clear from using P2Pool since you'd get better rewards from a standard pool currently. I guess I kind of knew this day would come, I just hoped it wouldn't...at least not this soon. In a perfect world tho.....

p2pool does not support random block rewards, as such running one will pollute the blockchain with undervalued coins. I chose not to go in this direction after adapting p2pool for PND some days ago, through reading multiple posts on getting the correct settings. I felt that as a miner I'd rather be paid correctly for a block found than be 'short changed' and as a pool operator, didn't like the idea of ripping miners off unintentionally due to to this limitation in p2pool. The maintainer of p2pool seems reluctant to code in support for random block rewards deeming it 'hard'.

Please don't pollute the chain with undervalued coins