CREDITS [CRE] | SHA256 | SIDECHAIN | NEW BLOCK-DEPOSIT FEATURE | OFFICIAL THREAD

[Gabriel Eiger]

Official IRC #CreditsCurrency @ irc.freenode.net added to OP.

[GreydonIselmoe]

How many have guys in their wallet?

I've about 5500, is it little or ok?

More than I have as well. I'm sitting around 3000!

[Aterna]

I have 200 in my wallet. Not much but it is there.

[Cinnob0n]

I have 1300 without deposits and 2100 with deposits

[Gabriel Eiger]

I have 200 in my wallet. Not much but it is there.

Just keep the miner running and there's going to be more.

[Cinnob0n]

I have 200 in my wallet. Not much but it is there.

Just keep the miner running and there's going to be more.

How much do you have Gab?

[barabeku]

Want try to mine but my balance still 0, i need atleast 12 CRE

Need some giveaway 

16RACLRMvJkD9idadPF95Am9nL5Ch4NtUQ

[waffles99]

found two blocks in a 7 hour span with less than 1.5 mhs so doing just fine!
is it the deposit address that changes with every block or the credits address? temporarily I mean

[GreydonIselmoe]

found two blocks in a 7 hour span with less than 1.5 mhs so doing just fine!
is it the deposit address that changes with every block or the credits address? temporarily I mean

You will always receive the deposit-change to the same address, the address which you have in your wallet and are mining from. (Some command line arguments can let you change this, however.)

For a more complete description of deposits,  check out this post: http://credits-currency.org/viewtopic.php?f=24&t=755

Want try to mine but my balance still 0, i need atleast 12 CRE

Need some giveaway 

16RACLRMvJkD9idadPF95Am9nL5Ch4NtUQ

See the link above, you don't need to PRE-deposit at this point, seeing how the deposit is LESS than the block reward. This means that the deposit is subtracted from the block reward. You can start mining when you have 0 CRE! All you have to do is type setgenerate true -1 in the debug window!

(-1 uses 100% of your cpu, if you want to use a specific number of your cores, say 3, you would use setgenerate true 3)

[barabeku]

Found my first block YAY 

[GreydonIselmoe]

Found my first block YAY 

Congrats

[Gabriel Eiger]

Want try to mine but my balance still 0, i need atleast 12 CRE

Need some giveaway 

16RACLRMvJkD9idadPF95Am9nL5Ch4NtUQ

At this moment in time there is NO need to add extra deposits. The reward will automatically be used by the miner as deposit, and if the reward is larger than the required deposit the remaining part will be sent to you as change.

It's first at about block 33 000 that the required deposit requirement will be larger than the reward. And then you can mine as well, but you will get a higher difficulty if you can not provide enough deposits.

Happy mining!

[Gabriel Eiger]

found two blocks in a 7 hour span with less than 1.5 mhs so doing just fine!
is it the deposit address that changes with every block or the credits address? temporarily I mean

A new deposit address will be used for each new block. In general it is not recommended to reuse addresses unless you have a good reason to do it.

[Gabriel Eiger]

Bounty for GPU/ASIC development

Since the adaption of Credits to GPU/ASIC mining probably only is a matter of time, this is a call for development. The deposits system is built specifically to prevent miners from gaining an advantage through pure processing power, but up until the deposit system have full effect, Credits will run on proof-of-work mining. With the arms race that pow brings.

A bounty for adapting the client to work with cgminer or other GPU/ASIC mining software will be offered to any person that can do that integration, completely or partially.

The sole purpose of doing this development is to be able to provide mining tools for the Credits community.

All support necessary will be given to the person offering to help. Feel free to contact me through this forum or email gabriel.eiger2@gmail.com.

[bitspill]

I may have simply overlooked it but are there any mining pools or is this a solo only coin?

I realize it's a different SHA256 and as such standard miners don't work but still interested in mining without syncing the full chain.

[GreydonIselmoe]

I may have simply overlooked it but are there any mining pools or is this a solo only coin?

I realize it's a different SHA256 and as such standard miners don't work but still interested in mining without syncing the full chain.

Unfortunately we are still too early to have any pool mining options, it's solo mining only for now.

If you already have the BTC chain, wait a day or two for the next client release which merges the functionality of bitcoin-qt with credits-qt! Which means you only need one chain stored. 

[Gabriel Eiger]

I may have simply overlooked it but are there any mining pools or is this a solo only coin?

I realize it's a different SHA256 and as such standard miners don't work but still interested in mining without syncing the full chain.

For the moment it's a solo mining coin. Development is however ongoing on getting pools up.

[Markov]

Any news on an exchange?

[GreydonIselmoe]

Any news on an exchange?

I was going to petition some other exchanges tomorrow. Soon, my friend!

Biggest priority right now is adapting cgminer and/or cudaminer to allow for GPU mining. I personally am working on creating a web wallet for Credits, and continuously fixing bugs in creditchain.org.

[Gabriel Eiger]

New release of Credits wallet tomorrow

A new release of the Credits client will be done tomorrow. This version is a major release with full added Bitcoin wallet functionality. More info to follow.

Huge disclaimer!!
Adding Bitcoin wallet functionality means the integration with the Bitcoin blockchain is no longer a one way integration and the client will work as a full Bitcoin wallet, as well as a Credits wallet. USE ONLY SMALL BITCOIN AMOUNTS THE FIRST MONTHS. Bitcoins may be lost and wallets may become corrupted. The safest way to test out the functionality is to import a single Bitcoin private key into the client with a small amount of bitcoins.