Excessive amounts of stake might be great for the short term price but not so much for the long term price.
Let's try to keep it reasonable.
It needs to be higher than HBN and lower than TEK. I don't know what people have against high stake rates. People unfamiliar with some of the high rate coins assume that there will be massive inflation, but the fact is there hasn't been - there has been price deflation that exceeds most other coins available today - and not just bubble. Look at HBN - steady rise in price and a steady rise in market cap. Also another point is that lets say the supply and demand for CAP doesn't change, so as the money supply expands the btc/cap price might decrease. But if you are staking your coins the value of your coin holdings will increase faster than the decrease in price minus the PoW blocks that come out. So if you are staking, you really aren't losing any value in a high rate PoS coin. Also there is a hardcoded in reduction of stake rate every 64x increase in PoS difficulty. If the upperbound is 200% and the lower bound is 1%, then at 64x the stake rate would change to 100%. There is always room to make the PoS rate change more aggressive, such as every 32x instead of 64. Then it will be much more of a market rate. 200% sounds perfectly reasonable to me, but then again I am involved with a few PoS coins and I am comfortable with the economics. Flound what are you comfortable with? But we also want people to mine the coin and a constant downward slope in price means it will be less and less profitable to mine as time goes on. As long as the money supply increases at the same rate as the economy for the coin, there won't be inflation. If there's no economy, all people will do with their coins is hold them or trade for BTC. If this was a pure PoS coin it would be different, if we're going to do this kind of staking we should probably discuss ending the PoW phase or at least phasing it out more quickly. What I'm concerned with is ensuring the long term stability of the coin -- there's going to be a lot of pressure from speculators to do things that will pump the short term value (as you can see, that's already begun). In order to generate interest in the coin we could also consider doing a limited time daily PoS phase like YellowCoin did. They gave 10% stake per day for 7 days I believe. This rewards the longer term holders of the coin while also generating new interest. |
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After the wallet is officially released the PoS will increase until we hit the Max of 200%
Day 1 - 30 Max PoS stays at 1%
Day 31- 60 Max Pos increases to 50%
Day 61 - 90 Max Pos increases to 100%
Day 91 - 120 Max PoS increases to 150%
Day 120+ Max PoS will be 200% A coin with 200% inflation is a good idea? Why would anyone ever actually spend any CAP? With this system in place, they would be stupid to, rather than just sit on it and earn more. So it becomes a network of people sitting on large piles of CAP, with massive inflation, and no actual use. So why would it have any value? It wouldn't be used for anything, and more and more coins would be constantly being generated. You would think that, but if you do some research into the existing comparable PoS coins you would find the answer is much different than you think. And it is either something like this... or CAP continues to waste away. CAP needs to be fun, like it was made to be. For example TEK has 500% annual PoS, but is actually experiencing pretty rapid price deflation. Excessive amounts of stake might be great for the short term price but not so much for the long term price. Let's try to keep it reasonable. |
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I think the op has disappeared. If this is the case we should make a new thread just before relaunch. I have access to OP's account and can make adjustments as needed. |
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Syncing worked for me after I got a good list of addnodes. What type of networking problems are happening and is a checkpoint server really necessary? I say this because in my opinion peer to peer is safer than centralized... In theory.
Given the number of forks on the network in the past 2 weeks I think it's safe to say that yes, a checkpoint server is necessary. |
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Hello all.
I was wondering if there is any want in this community to increase the PoS interest. It is so low 1% and degrading over time, that is more of a detriment then an advantage that this level.
I am willing to code up a fork for a few months out, plus a few other key issues. Maybe some coin control, fast start, fast stake.
What % would we want to goto? Some poplar ones.
Mint 25 .
NVC 100 start, down to 40-50ish
PHS 50, I think still at 50
HBN 100, still 100
TEK 500.
CENT 1 bigilion?
I think doing something the 250% range could be fun. It would also degrade over difficulty, like HBN/NVC/PHS/TEK, so no out of control inflation. Could also slowly ram it up, add 10% each month till we go to target.
Anyway just a thought, would need a few people to help Q/C and test.
Edit: We should also get Mullick's attention/permission. He may not want this coin played with much.
Mullick gave me permission to take over the coin, as the community we can do whatever we like with it (within reason, obviously). I have the checkpoint key. I would like to increase the PoS, however the coin is already at all time lows, I think we need to address the stability of the network before increasing PoS. The current priorities should be to stabilize the network, get the wallet upgrade to the latest NVC source, if possible (Need someone to help with this, I can give you git access.), and get a block explorer up and running. Then we can start a new thread with the new info (new github, block explorer, addnodes, etc.). |
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And then suddenly everything works again.
Smoooooth.
Our redis server had network issues that took a few hours for the provider to resolve. East pool was still working OK since it's got a slave redis DB on it. But West and EU, as well as the website, were down due to the dependency. I need to work out a method to have our stratum instances failover to a second redis db if the first one isn't working.. But from everything I've read so far, doing this is non-trivial. |
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You shouldn't worry about the share difficulty. I only have a 30GH BFL single and I find mine at 2048 sometimes and my payouts are still fine.
Orly? I had some jallies that got forced up to that and it was seeming that they didn't get a share submit for many blocks. i.e. work was flushed before they submitted. It doesn't really work like that. Your miner just calculates hashes. A share is just a hash that's found that was under the share 'target', or above the share difficulty. (Target is inversely proportional to difficulty) Hashes that wind up being below the share target are submitted as shares. So even if new work is given from the server and old work is discarded before a share is found, that doesn't mean you've lost anything. Probability dictates that you will eventually find a share that's below the current target. Bitcoin difficulty only changes about once every 10-11 days, so the only point at which any variance you'll encounter will matter is the last share you submit before the difficulty change. This obviously is different for coins that have fast difficulty adjustments and faster block times, but for Bitcoin mining it's practically negligible. |
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They don't list middlecoin on that comparison page. It is a good chart but the pools it tracks change often and rarely include the ones I have used. FWIW, I started with middlecoin 8 months ago. I ran my own charts comparing them with hash cows. There were daily differences but on average they were similar. That is until middlecon jumped on doge before anyone else and hash cows ran off with my coins  I don't have any side by side comparison of middlecoin vs other pools any more, but to the people who claim middlecoin is dead I can certify that they are not. They may or may not be competitive in their coin selection. That I do not know. I can also certify that they DO pay once you get to 0.01 coins and they always have. I have 8 months of history that confirms it. Whether they pay out dust after a week is a completely different story. If the worst people can say about a pool is it doesn't automatically pay out balances so low that it won't even buy a cup of coffee .. Well, that's pretty high praise. I probably defended h2odysee more than most in the last year and cheerleaded his efforts for the Doge run and the big manual trades. But after the tealover Blackmail fiasco, h2o dropped out of site and hasn't even updated his twitter feed or IRC channel since March. I can assure you... The pool is in full auto mode and H2odysee has abandoned it. No more big coin runs and no more big manual trades or coin choices. That all takes H20 to do these things. He left. No one has the reigns. If the pool isn't dead, it's in zombie mode. There are no more new coin picks. All the good things that it had over every other pool (and the fact that it was the first Multipool that paid BTC) we're due to the guy who left. I still blame it all on Tealover and his sycophants. I haven't mined on this pool since he dropped out of IRC and Twitter and neither should anyone else unless you like beating a long dead horse. It's time to pull the plug. You give much credit where it isn't due. I spoke (via e-mail) to h20 a couple months ago, he told me what happened and it has nothing do with forum trolls. It's probably the reason he stopped showing up here, but not the reason for what's happened with the pool. |
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Checkpoint server is up, check your daemons to see if you're still getting an error about checkpoints.
If you are, you can addnode 192.241.222.16 (for now) and that should get you connected. I'm planning to bring down that server soon though.
There is no incompatibility between the 'flound' version, and the other versions, the only difference is the IRC network it uses to find peers (the old version uses an IRC network that bans coin daemon bots) so finding peers will be a bit easier if you have the flound version. If you use the addnode above there is no reason to upgrade to my version.
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Did it switch to another coin for higher profit or you have just the one coin ? Pretty sure I saw it'd switched to TRC earlier
Anyone know what the vtc profit per day is
VTC's around 0.0044 if you want to compare apples to apples vs. scrypt earnings. Scrypt-N coins are about double the profitability per hash, but you get around 1/2 the hashes from the same equipment vs. Scrypt. |
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Couple questions:
Running 1.4 TH/s
- I find the east coast low diff pool to be much better for consistency. On port 8888 and especially the DDOS one the diff auto sets to something insane. On that point no matter what I set it to the pool decides for me.
- What diff setting have you guys had success with around my hash rate? I know it really shouldn't matter and I actually prefer a higher diff to decrease bandwidth usage
- Please change the profitability back to percentage in the top 5 list.
You shouldn't worry about the share difficulty. I only have a 30GH BFL single and I find mine at 2048 sometimes and my payouts are still fine. BTC/mh (GH for BTC)/day is becoming the standard for reporting profitability. The percentages can still be found on the stats page. |
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Did it switch to another coin for higher profit or you have just the one coin ? Pretty sure I saw it'd switched to TRC earlier
Anyone know what the vtc profit per day is
Yes it did switch but still the total it gave me was for all the coins but in a btc if you with me see below.this was 230 ghs minig 24 hrs it didnt even cover the electric  Your Balances Coin Balance Value (BTC) Cash Out ARG 0.00000000 0.00000000 AUR 0.00000000 0.00000000 BTC 0.00625459 0.00625459 CAP 0.00000000 0.00000000 CGB 0.00000000 0.00000000 DGC 0.00000000 0.00000000 DMD 0.00000000 0.00000000 DOGE 0.00000000 0.00000000 DVC 0.76753700 0.00000017 EAC 0.00000000 0.00000000 FRC 39.99038960 0.00070283 FTC 0.00000000 0.00000000 GDC 0.00000000 0.00000000 IXC 0.44722400 0.00006106 LKY 0.00000000 0.00000000 LOT 0.00000000 0.00000000 LTC 0.00000000 0.00000000 MEC 0.00000000 0.00000000 MNC 0.00000000 0.00000000 MOON 0.00000000 0.00000000 MYRH 104.31236900 0.00058519 MZC 220.73391000 0.00016555 NMC 0.00000000 0.00000000 NVC 0.00000000 0.00000000 PPC 0.00000000 0.00000000 PXC 0.00000000 0.00000000 TIPS 0.00000000 0.00000000 TRC 0.00000000 0.00000000 VTC 0.00000000 0.00000000 WDC 0.00000000 0.00000000 ZET 0.75984093 0.00003534 Total: BTC0.00780473 the BTC pool that we use is supposed to pay out once per day but sometimes they lag for an additional 12-24 hours. If it starts to get close to 2 days between payouts I will normally go in and do a manual payout. You can include your estimate for the next BTC round in your earnings for the day. The merged coins are also not available for auto withdraw so I have to go in and withdraw those manually once every few days. |
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The ORIGINAL automatic profit-switching pool!  Now with ASIC support Website: https://www.multipool.us/Features: - Over 1 year in operation
- We average 10-20% more profit than mining BTC+alts alone
- No worries about variance on our BTC port -- Our Bitcoin hash is proxied to a large bitcoin pool -- merged alts are paid to miners along with BTC payouts
- Proportional reward system
- Profit-switching port 8888 switches automatically between SHA-256 coins based on coin profitability - point your miner there and always be mining the most profitable coin!
- Redundant EU and US Servers
- User-selectable share difficulty from 16 to 2048 on scrypt and 1 to 2048 on SHA-256 coins.
- Load Balancing - High capacity and redundant
- Transparent, detailed block payout stats
- 0.01 BTC fee-free minimum auto payout threshold
- Fee-free daily payouts of 0.001 BTC or more
- 0% fee on BTC/NMC/DVC/IXC mining
- Reasonable 1.5% fee on altcoins
- Pretty graphs!
- Blocks are paid early for most currencies.
- Android app available! http://multistat.yovu.co/
Multiport (Switches to the most profitable coin) stratum+tcp://pool1.us.multipool.us:8888/ (US) stratum+tcp://pool1.eu.multipool.us:8888/ (EU) Currently offering the following SHA-256 coins: Bitcoin: stratum+tcp://pool1.us.multipool.us:3332/ (US) stratum+tcp://pool1.eu.multipool.us:3332/ (EU) Freicoin: stratum+tcp://pool1.us.multipool.us:3341/ (US) stratum+tcp://pool1.eu.multipool.us:3341/ (EU) Peercoin: stratum+tcp://pool1.us.multipool.us:3335/ (US) stratum+tcp://pool1.eu.multipool.us:3335/ (EU) Terracoin: stratum+tcp://pool1.us.multipool.us:3337/ (US) stratum+tcp://pool1.eu.multipool.us:3333/ (EU) Zetacoin stratum+tcp://pool1.us.multipool.us:3350/ (US) stratum+tcp://pool1.eu.multipool.us:3350/ (EU) Mazacoin stratum+tcp://pool1.us.multipool.us:3363/ (US) stratum+tcp://pool1.eu.multipool.us:3363/ (EU) Myriadcoin SHA-256 stratum+tcp://pool1.us.multipool.us:3369/ (US) stratum+tcp://pool1.eu.multipool.us:3369/ (EU) UnbreakableCoin stratum+tcp://pool1.us.multipool.us:3372/ (US) stratum+tcp://pool1.eu.multipool.us:3372/ (EU) |
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Something's going on. All my blocks being rejected with:
2014-05-07 06:02:50 ERROR: AcceptBlock() : rejected by synchronized checkpoint
2014-05-07 06:02:50 ERROR: ProcessBlock() : AcceptBlock FAILED
2014-05-07 06:02:56 Added 1 addresses from 54.214.242.184: 1037 tried, 13641 new
My height matches the block explorer and there have been no blocks found on the network in the past 2 hours.
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Hey guys,
The guy that was going to help me set up the new wallet has gone MIA, I'm setting up a new checkpoint server today.
I can't do the wallet work myself but if someone would like to help with that let me know.
I'll post the addnode for the checkpoint server as soon as it's ready.
I wouldn't post the IP of the CP server. Just asking to get hacked. If you are going to run it, keep it private. Just open it up to 20 connections and you should be in good shape. Did mullick give you the private key as well? Yes I have the private key. I'm not worried about it getting hacked but I did decide not to post the IP for other reasons. |
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Hey guys,
The guy that was going to help me set up the new wallet has gone MIA, I'm setting up a new checkpoint server today.
I can't do the wallet work myself but if someone would like to help with that let me know.
I'll post the addnode for the checkpoint server as soon as it's ready.
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IVC has been forked -- we've been in contact with MintPal and are working on it, but it is best to not withdraw any IVC coins or mine it currently.
CINNI also may be forked, as I mentioned previously, and we're looking into it, but obviously have had a lot of other things that are a bit more pressing at the moment.
Withdrawals for both IVC and CINNI have been temporarily suspended until we can investigate their blockchains/fork situation.
Please expect 10-12 hours until IVC and CINNI can be worked on much though.
7 hours ago you send me last IVC. After this fork is happen? And you not send a letter to inform us to stop to mine. Just write here. You expect to be online in the forum nonstop? We're not babysitters, and sometimes we actually have to sleep. You should be keeping track of the coins you mine. It's very unlikely that any CINNI transactions will be lost in the fork as there are no new blocks to be mined (or more specifically, no new blocks to be orphaned by the fork) |
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We operate completely transparently -- all mined blocks are shown on the site and coins earned per block can be verified there per miner. Of course, the blockchain is a public source of information, and all inputs/outputs can be tracked there. The UVC mined blocks listed on the site previously contained the following POS blocks, which have now been removed because POS blocks should not earn a normal block reward: http://pastebin.com/ZVhWyuydIf you check those blocks against the block explorer at http://cryptexplorer.com/chain/UniversityCoin, you'll see they are POS blocks: coins are input and output to the same address, with a tiny amount of POS stake gained on them in the process. For example the first block listed, #5050, is at http://cryptexplorer.com/tx/d3a21305b79dd43e857dfb7c60ddab15fc3a5a048ac840fb59e876d08c9983b5 and you can see that the input is 500 coins, the output is 500.120863 coins. For that block #5050, and all the other blocks in the pastebin list, we incorrectly credited the full POS block amount to miners, resulting in overpayment which has now been corrected. You fucked up, not us. You should eat the cost. It doesn't quite work that way in the real world. This isn't a charity. You get paid for the valid blocks that are found by the pool. And given that there are dishonest people out there who won't send coins back, ipominer will likely have to cover some of these losses out of his own pocket already. |
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Balances were previously incorrectly calculated on UVC, and they have now been corrected -- no one is stealing anything.
That is your problem, we are just mining and calculating on the numbers you provide. Correct it with your own coins. Some people have rented rigs to mine, doesnt matter how you put it, in this case you are stealing money! If you were overpaid, correcting your balance is not stealing. If you have a negative balance now that means you should be sending coins back, and if you don't then you are keeping coins that don't belong to you. In effect stealing from other miners. These things happen and everything ipominer is saying is verifiable in the blockchain, it's not upon him to provide proof, the data is all there on the site and on the blockchain. Ipominer had a problem in there calculation system, we are just using the provided numbers, and in some cases people deside to rent or not. If you run a busines, you have a risk, this is one off those risks, can't be turned back. It is to ipominer to provide proof. Read the terms of service that you agreed to: Mining Returns
Coin mining is extremely luck based. This site does not guarantee any particular return on mining time or hashpower, only that any blocks found will be divided as specified under "Reward System" above. All return rates displayed on the site are estimates based on statistical averages.
Not relevant, we are not responsable for a "system faillure", this is just saying the payout isnt 100% predictable, And Ipominer does not guarantee any particular mining time or hashpower. Coins did show up in the accounts, and could be withdrawn, so the hashpower payed out. Now the Withdrawable coins are removed from the balance, even worse, it shows negative numbers. If your balance is negative it means you were ALREADY PAID MORE THAN YOU WERE SUPPOSED TO GET. So how is anyone stealing from you? |
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Balances were previously incorrectly calculated on UVC, and they have now been corrected -- no one is stealing anything.
That is your problem, we are just mining and calculating on the numbers you provide. Correct it with your own coins. Some people have rented rigs to mine, doesnt matter how you put it, in this case you are stealing money! If you were overpaid, correcting your balance is not stealing. If you have a negative balance now that means you should be sending coins back, and if you don't then you are keeping coins that don't belong to you. In effect stealing from other miners. These things happen and everything ipominer is saying is verifiable in the blockchain, it's not upon him to provide proof, the data is all there on the site and on the blockchain. Ipominer had a problem in there calculation system, we are just using the provided numbers, and in some cases people deside to rent or not. If you run a busines, you have a risk, this is one off those risks, can't be turned back. It is to ipominer to provide proof. Read the terms of service that you agreed to: Mining Returns
Coin mining is extremely luck based. This site does not guarantee any particular return on mining time or hashpower, only that any blocks found will be divided as specified under "Reward System" above. All return rates displayed on the site are estimates based on statistical averages.
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