LTCX is now available for mining on Multipool.us port 3373. 1.5% fee. Features: - Over 1 year in operation
- Proportional reward system
- Redundant EU and US Servers
- User-selectable share difficulty from 16 to 2048 on scrypt/scrypt-n/x11 and 1 to 2048 on SHA-256 coins.
- Load Balancing - High capacity and redundant
- Transparent, detailed block payout stats
- Fee-free daily payouts and low threshold auto payouts
- Android and iPhone app available! http://multistat.yovu.co/
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Nice share...
Not sure what you mean.. Are you having issues? If so please post and I'll try to resolve them. |
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Need some help setting up stratum proxy. I use slush's as I also mine x11 and can't get multiiminer to work x11 and stratum at the same time.
Steve
What are you proxying? |
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Since both block explorers are down can ppl please post what block you're at, I want to know if it's safe to reenable this..
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We shouldn't shove a bunch of coins for Tranz to work on. He works hard enough as it is. his main project is HBN and he is nice enough to help out with CAPS. He has been involved with other coins as well such as ADT and TEK. There are a million other coins that could use his touch, however we are all human and need to work at our own pace, Tranz included.
Some people panicked over him taking a break from HBN, even though that coin is rock solid and working perfectly fine. Last thing we need is for him to lose focus on CAPS mid-stride of its revival development to work on other coins.
People tend to lose confidence of devs when they run off in a million directions. Its all about quality not quantity. I am sure that if ARG or other coins are worth the time and effort then it will get the attention it deserves in due time.
Yeah it was a joke, I guess ppl aren't really following the arg thread (I mean really why would they?) |
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Hey Tranz if you're looking for another coin to takeover/resurrect, looks like ARG could use a dev.
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Update: In the Argentum Data Dir: Create a file called "DB_CONFIG" In this file place the following: set_lk_max_locks 537000
set_lk_max_objects 537000
Once saved, Delete and resync the arg blockchain after backup the wallet.dat You should now be good to go Thanks for posting back. Looks like it's because 4.8 version libs were used. Nope, 5.3. The error is due to berkerly db being used which has a restriction called "locks". The block where clients forked meant that there wernt enough locks for the block to be processed therefore leading to the fork. By switching to leveldb this scenario could be avoided in the future. PS. for anyone doubting me. Look into the bitcoin fork between v0.7 bdb clients and v0.8 level db clients. So to be clear, EVERYONE running an Argentum client is going to experience this issue, unless they explicitly configure the DB_CONFIG parameters that Ahmed was kind enough to post. This means the wallet will be unusable for anyone who simply downloads the client from the website and has never heard of Bitcointalk. Baritus, fix this, kill ARG, or hand it over to someone else. |
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ARG is dead? We invested more 10k$ in ARG!  You chose.. poorly |
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Who has control of the OP?? I'll try to get a basic list of important details and links on bottlecaps.org.
I do. I updated the topic and the pool list. Let me know what else we need. Regarding exchanges, you may want to remove Coinex as it is dying and you won't be able to withdraw. Also, I can't open Phenixex. Maybe push for a new exchange. Phenixex was a scam exchange that shut down months ago. I'll remove it from OP. |
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At this point it seems that the only way people would know CAP is going 200% Annual PoS is for them to dig a few pages back.
When and how should we start promoting the changes being made to CAP? i am sure that once people are made of aware of the 200% interest rate, it will generate new interest in the coin and increase the coins value.
Having said that, great work from everyone involved, I see amazing things coming from CAP.
We should update the OP with a quick update to a post of mine a few back. Right now I am about 60% done with the code update. Then we can start the hard fork process. I estimate that by Mid July, CAPs will be running very smooth with 200% yearly degrading stake interest. Or ~8% every 15 days start. With 1000 coins max stake reward. Who has control of the OP?? I'll try to get a basic list of important details and links on bottlecaps.org. I do. I updated the topic and the pool list. Let me know what else we need. |
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Supply and demand means exactly that the price will be whatever people are willing to pay.
And what people are willing to sell at. People are willing to pay $10 for a Lambo but dealer wants $200k, it's not worth $10 now. People are willing to pay $200k but Lambo dealer wants $200k, it's worth $200k. It requires both parties. You're talking about an illiquid market. In a liquid market, price moves with supply and demand. Coin markets, especially for the more popular coins, will be getting more and more liquid as time goes on. If nobody was willing to buy a Bitcoin at $50 right now, it would be worth less than $50. That's just the demand part. If people don't want to supply at $50, it's not worth $50. In either case, it requires both parties to agree on an equilibrium; not just one. That would be an illiquid, irrational market. Liquidity and rationality are two different things. |
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Supply and demand means exactly that the price will be whatever people are willing to pay.
And what people are willing to sell at. People are willing to pay $10 for a Lambo but dealer wants $200k, it's not worth $10 now. People are willing to pay $200k but Lambo dealer wants $200k, it's worth $200k. It requires both parties. You're talking about an illiquid market. In a liquid market, price moves with supply and demand. Coin markets, especially for the more popular coins, will be getting more and more liquid as time goes on. |
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. . . price will be whatever people are willing to pay.
You got one side of the equation anyway . . . Pick and choose what suits you . . . the hallmark of a hollow position. How about trying to answer the main question? You know, the one that confused you? https://bitcointalk.org/index.php?topic=621383.msg6908763#msg6908763DoN'T WoRRY iF You CaN'T. i'LL LeaVe You aLoNe. DoN'T MaKe a PRaCTiCe oF BaNGiNG MY HeaD aGaiNST THe WaLL aNYWaY.Like I said, the answer is difficulty. Energy efficiency goes up 10x? So does difficulty, maybe more. Tell me, how much more energy efficient is a 1TH Bitcoin miner using 1400W vs. a GPU that does 1GH @ 250W? Now, what was the bitcoin difficulty the last time mining on GPU was profitable? What was the price? |
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Update: In the Argentum Data Dir: Create a file called "DB_CONFIG" In this file place the following: set_lk_max_locks 537000
set_lk_max_objects 537000
Once saved, Delete and resync the arg blockchain after backup the wallet.dat You should now be good to go Thanks for posting back. Looks like it's because 4.8 version libs were used. Nope, 5.3. |
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Thanks for all the hard work Tranz. I see a comeback in Bottlecaps's future!
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I still don't get this.. When there will be only 5 billion coins produced per year, and a demand that's sufficient to buy them, how can the fact that ASICs are still profitable even at a lower price influence what people will pay for the coins? That seems to me like good news, since it mean that even in a crash, the network could still remain secure.
I'll conclude that you've done the math and that your question goes beyond and builds upon the basic 'givens' outlined above. Your phrase "there will be only 5 billion coins produced per year, and a demand that's sufficient to buy them" suggests to me that you believe that demand will be greater than supply (you are giving more weight to potential demand when using the word "sufficient" and less weight to potential supply when using "only"). That's a major assumption you are making, and the kind of assumption professionals term as "imposing your expectations on the market". Only the market knows what is "sufficient" and what isn't. The market will tell us in no uncertain terms, and it does so everyday in merciless fashion to those who impose their own expectations on the market. "What people will pay" is another expression often used by participants who are caught in the trap of imposing their beliefs on the market, and is accompanied by other similar phrases like, "it's not rational", "it's obviously worth more", etc., etc. What people may or may not be willing to pay has nothing to do with price. Price is determined by supply and demand, and all we can do is speculate about what price may do in the future; hence, the need to be as objective as possible and to screen your data as thoroughly as possible as well. Remember, people always want to get the best 'deal' they can, regardless of the 'value' they actually assign to what is being purchased. Your "good news" that the network will still be secure even in a crash only goes so far: until the end of ASIC profitability, when everything goes dark (because the widely distributed user base will have long before been destroyed) and the coin breathes its last breath (and there's absolutely nothing that says that LTC is an exception either, or even BTC for that matter, longer term). Miners will mine until it becomes unprofitable to do so, yes. However the 'unprofitable' threshold changes with every new generation of asics. What people may or may not be willing to pay has nothing to do with price. Price is determined by supply and demand
Supply and demand means exactly that the price will be whatever people are willing to pay. |
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I am getting a high reject rate on your pool. Why is that.
Did you take note of what coin was being mined? If we're mining a coin with fast block times you'll get higher rejects (stales) than mining bitcoin. This is unavoidable. |
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While doge looks like a survivor, the simple fact is that Too Many Coins dooms it to a low value relative to BTC. I don't think it is anything more complicated than that. With the recent rise in BTC prices the fiat value of doge is not down that dramatically, though it is clearly down.
Due to its community, doge remains a good gateway coin for people new to crypto, but a pretty poor investment due to Too Many Coins.
Good Luck!
This is correct. However there is a fairly aggressive halving schedule, so this problem should take care of itself over the long run. The community is still strong. |
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But how would it die?
No altcoin that's on major exchanges will EVER die, even if the devs abandon it, other people will take over and fork it. The most obscure shitcoins from a year ago are still going strong. Do you actually believe this? There are many coins with a passionate dev group and a longer history than Dogecoin that will never ever be anything more than bits on a hard drive, nothing more than an archive of broken dreams and lost promise. Dogecoin can drop so low in volume and market cap that it will never draw the interest of anyone anywhere. If it does, you will not revive that dead shibe. Those coins never made it onto major exchanges. Or maybe any exchanges. Just being on a major exchange (i.e. Cryptsy, Bter, BTC-E, etc.) gives a coin value. Yes, coins can be delisted but it's an extremely rare occurrence and normally they are added back once any issues are cleared up. |
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Iit had a few things to teach to others. LTC in particular still didn't get the lesson and probably will never do.
Yep. |
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