[Network Repaired][ANN][BITS] BitSeeds - A Currency that Grows!

[Litoshi]

What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.

Well, considering that the ASIC farms are located in Central Washington state (Hydroelectric power from Grand Coolee Dam 1 cent KWH); Iceland (geothermal power, cooling by outside cold air,  at 2 cents a KWH) and the mountains of China (Nuke power with outside cold air cooling), there isnt much distruction going on there.

Perhaps you think that the ASIC farms are cutting down trees and burning wood for electricity?

[morrisonsa]

Just a super small theory.

The reason your network hash showed 130phs, is because you got attacked, or you have a backdoor in your code that you utilized.  The explorer read it as 130phs because that would have been the amount of network power required to generate the blocks in that amount of time given no diff, or no diff change.

Because, I would GGGGGGGGUARANTEE no one with access to 130phs would even have looked at your coin.  That amount of revenue lost would have been astronomical.

So tl:dr you didn't really have 130phs, thats just a system calc for those mysterious 7k blocks.

[BitSeedsFoundation]

It's still on the network.

I invite anyone to check the blockchain for the evidence, as I have stated before. Proof of stake networks cannot be time warped.  The code is on GitHub.

The blockchain is difficulty is being manipulated in just such a way that other pools are hitting blocks in the mayhem.

If one wanted to be positive about things it would not be out of line to suspect that this individual is sharing.

[BitSeedsFoundation]

What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.

Well, considering that the ASIC farms are located in Central Washington state (Hydroelectric power from Grand Coolee Dam 1 cent KWH); Iceland (geothermal power, cooling by outside cold air,  at 2 cents a KWH) and the mountains of China (Nuke power with outside cold air cooling), there isnt much distruction going on there.

Perhaps you think that the ASIC farms are cutting down trees and burning wood for electricity?

This project is in regard thinking about the world as a whole.

If one wants to speculate on the motivations for the individual who is currently on the network then positive speculation is as equally valid as negative speculation given the facts available.

I choose to be positive.

Perhaps this miner is making a statement for all miners of every algo.

[garthkiser]

Holy wow, I'm so curious as to how we are nearly at block 15,000. In a year and a half of crypto I've never seen a blocktime discrepancy this extreme. A great mystery here.

[worth]

Weird how much the difficulty is bouncing up and down. Was seeing some odd numbers on Maxmining (unknown block finder; 0% shares) but they seemed to fix themselves after a few minutes.  

Will be very interesting to see how things go over the course of this week.  




Edit: the pool seems to be getting more of the odd null/unknown block finders and 0 shares. 

[gdavis024]

Weird how much the difficulty is bouncing up and down. Was seeing some odd numbers on Maxmining (unknown block finder; 0% shares) but they seemed to fix themselves after a few minutes.  

Will be very interesting to see how things go over the course of this week.  




Edit: the pool seems to be getting more of the odd null/unknown block finders and 0 shares. 

the difficulty thing has been crazy to watch. it made it really easy to pickup a bunch of coins without too much hash.

[dbt1033]

I honestly cannot believe what I'm seeing here...

You have the biggest premine in the history of crypto.

It's ok though, because you guys are going to plant a bunch of trees.  LOL

[gdavis024]

I honestly cannot believe what I'm seeing here...

You have the biggest premine in the history of crypto.

It's ok though, because you guys are going to plant a bunch of trees.  LOL

From the Ripple wiki

When the Ripple network was created, 100 billion XRP was created. The founders gave 80 billion XRP to the OpenCoin Inc. OpenCoin Inc. will develop the Ripple software, promote the Ripple payment system, give away XRP, and sell XRP.

I'm not advocating for premines just pointing out that ripple actually has the largest premine in the history of crypto.

[dbt1033]

I honestly cannot believe what I'm seeing here...

You have the biggest premine in the history of crypto.

It's ok though, because you guys are going to plant a bunch of trees.  LOL

From the Ripple wiki

When the Ripple network was created, 100 billion XRP was created. The founders gave 80 billion XRP to the OpenCoin Inc. OpenCoin Inc. will develop the Ripple software, promote the Ripple payment system, give away XRP, and sell XRP.

I'm not advocating for premines just pointing out that ripple actually has the largest premine in the history of crypto.

I guess I didn't do thorough research before posting. 

I wasn't exactly being factual either...

More along the lines of HOLY CRAP that premine is enormous!

[garthkiser]

20PH on the Bitops pool now: http://imgur.com/1TCjlqJ
I've mined over 12k in 24 hours with 4TH.

[Kunfu]

what is wrong with this pool??
bs.maxminers.net

[worth]

what is wrong with this pool??
bs.maxminers.net

There is something seriously weird going on with the network. Both pools are acting up, not just Maxminers. I haven't gotten a payment from bitops in about 3.5 hours, it keeps periodically showing speeds that make no sense, and MiningRigRentals keeps showing "pool sick" errors for some of the rigs I'm renting but not others...  Very strange. I sure hope it gets sorted out and I get paid for my hashes.


On the plus side, I am staking, so there's that.



Update: things seem to be working again on Maxminers...

[lee_adama]

Federatedmining has a bitseeds pool now.

http://bits.federatedmining.net/

[MaxMinersNet]

We're back up, there was a stuck cronjob as we've simply found too many blocks in too short time. Fixed now !

[Namiks]

So are you going to plant trees to make up for the sha256 algo? Seems like you'll be planting at a loss...

[steskoff]

All blocks they are 0 BitSeeds !!!
 

[foxkyu]

We're back up, there was a stuck cronjob as we've simply found too many blocks in too short time. Fixed now !

hello,can you check my withdrawal? tx id is fe3f6d5d6f47c070af69658ecd4c4ab3b7c7c47e30f81e1225c0e855e6ba24cb
it's been several hours, but i still didn't receive my coin.
and why my earning is not same with my statistic on blockfinder.

on statistic blokcfinder say i found 94 block with 8,900 coins generated
and on my earning credit all time only 4,016.91901329. is that normal?? if not where is my coin go??

[amiraja]

XSEED. DOWN .. 98% Today not be up up

[lee_adama]

Federatedmining has a bitseeds pool now.

http://bits.federatedmining.net/

getting some weird errors on the pool.  I've corrected one of them but still investigating one more.

will advise.

Lee