[SBC] [SCRYPT] StableCoin The Story Continues! Join Our Community Coin Project

[MilkandPie4U]

Thank you for the update on the new SBC pool.

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[Commentator]

Any progress on this coin?  Promised website, mobile app, development?

[Velvet78]

Any progress on this coin?  Promised website, mobile app, development?

new exchange https://empirex.ch/Market?pair=SBC/BTC

[Commentator]

It appears that many supporters are giving up on this coin.  Will it take a return of Artos to garner interest?

He probably decided to either just disappear or is supporting another coin.  I read some indications in the past that he was one of the developers of Namecoin.  Maybe that is were his support is.

In late 2013, Artos provided the 1.5 Stablecoin wallet update and global marketing which caused Stablecoin's price to skyrocket to 650,000 satoshi.

What say it happens again.

[Velvet78]

It appears that many supporters are giving up on this coin.  Will it take a return of Artos to garner interest?

He probably decided to either just disappear or is supporting another coin.  I read some indications in the past that he was one of the developers of Namecoin.  Maybe that is were his support is.

In late 2013, Artos provided the 1.5 Stablecoin wallet update and global marketing which caused Stablecoin's price to skyrocket to 650,000 satoshi.

What say it happens again.

those were very different times, altcoin wise. also, SBC was aiming to be the very first anonymous coin but Artos couldnt deliver what he promised (failed twice at least). there are some old threads/forums/msg's archived somewhere. after reading those and the lack of interest in this thread i cut my loses. ive been buying lots at 10 satoshi on cryptopia though so 650k sats would be nice if it ever happend again...

[Commentator]

Prohash hasn't updated in a week or so.  You seem to be the only one replying here.  Are you the only one buying SBC?  On Cryptopia, most trades are sells and it will be at 9 satoshi soon.  The Chinese exchange that you provided a link to in a previous post isn't functional that I can see.  I am not sure why they decided to add SBC to their altcoin lineup, unless there is some interest in SBC in China.

I bought some SBC back in August of 2013 when 1 BTC was 60 USD.  I saw the price of SBC had fallen to about 1200 satoshi, so I bought it until the price went back up to 2000 satoshi.  I set up a sell wall of 5 BTC, which was widdled down to 400 satoshi in about a week.  No real market plays except people selling off for profit.  My total investment was about 1200 USD.

The big spike in altcoin prices came in November and December of 2013 about the same time as Cryptsy was starting to have problems with BTC withdrawals.  Don't see how anyone can trust cryptocurrency exchanges anymore with all the criminals that are running them.  I hope Big Vern is arrested and gets what is coming to him.

As far as my further investment in SBC.  I just don't know.  Its like kicking a dead horse to get up and run.

[Commentator]

I have been sending out transaction with a fee.  I looks like that is the only way for miners to generate a block on the blockchain.  The network hashrate is running at about 1000 Kh/s.  Is that how pools work?  They only generate a block if a transaction with a fee is broadcast on the network?

[psycodad]

I have been sending out transaction with a fee.  I looks like that is the only way for miners to generate a block on the blockchain.  The network hashrate is running at about 1000 Mh/s.  Is that how pools work?  They only generate a block if a transaction with a fee is broadcast on the network?

No a pending transaction doesn't make the chain move, while miners enjoy the fees for the transaction, but they are actually more after the block reward, the tx-fees are just a cream tip on top of the block reward.
That said, the SBC chain was simply stuck for days and started to move again yesterday, coincidentally with your transaction. However the 1000Mh/s are way off, my node shows a diff of 0.59 and a hashrate of 4.5Mh/s.

If your fee was extremly high, I mean in the range of the block reward or parts thereof (say 10-50 SBC), this might have triggered a multipool to mine on SBC because it looked profitable to them when ther suddenly is a much higher reward at same diff.

[Commentator]

What I mean is, I will make transactions during the day with a fee.  When each transaction is broadcast on the network, a block is generated within a minute or less for each transaction.  When I stop doing broadcasting transactions for some hours no blocks are generated.  When I start broadcasting transaction then blocks are generating again.  This can't be coincidence because I have broadcast numerous transactions with fees since the 26th of June.

Since the network had been down since June 12th, I kick started the network by broadcasting transactions with large fees, 100 to 1000 sbc.  Clusters of empty blocks are occasionally generated but not often.  I don't have access to my mining system at this time so haven't been able to generate blocks with it.

[psycodad]

Yes, then you are right, when your tx fees are multiples of the block reward that is certainly triggering multipools to mine that block and maybe the next few ones if their diff becomes low enough.

At the current diff you could probably keep the chain moving for much less money with a USB miner or two.

[Velvet78]

its sad that cryptopia closed their miningpool cause thats the only pool where ppl were mining SBC sometimes. looks like the other pools are down as well... too bad i burned my PSU for the lil zeus miner i have

[Commentator]

Not sure about this but I think Prohashing mines Stablecoin.  They have a Stablecoin block explorer running.  Since my mining system is not accessible by me at this time, I bought a Gridseed for about $25.  I will set it up in a couple of weeks.  It should keep the blockchain updated.

Afterall, the network hashrate is about 10 Mh/s and as many as 10 nodes connecting to the Stablecoin wallet.  With few blocks being mined, not sure how that is.  

[Velvet78]

Not sure about this but I think Prohashing mines Stablecoin.  They have a Stablecoin block explorer running.  Since my mining system is not accessible by me at this time, I bought a Gridseed for about $25.  I will set it up in a couple of weeks.  It should keep the blockchain updated.

Afterall, the network hashrate is about 10 Mh/s and as many as 10 nodes connecting to the Stablecoin wallet.  With few blocks being mined, not sure how that is.  

ah yes youre right! thats good news. i noticed that they mine quite a few blocks every day but sometimes the blocks are far apart.

[Velvet78]

ive found someone to setup a blockexplorer, faucet and miningpool for SBC. will post here when its done

[MilkandPie4U]

ive found someone to setup a blockexplorer, faucet and miningpool for SBC. will post here when its done

Great news  , there also is a pool at http://coin-server.com/

[Commentator]

I recently bought a gridseed device as I stated in a previous post.  Wanting to mine empty blocks, I have discovered it won't connect to my wallet with CGMiner or BFGMiner.  These two mining applications have no problem connecting to a pool but after several hours of trial and error, I can't solo mine with the gridseed.  Is there some configuration issue or are pools the only mining option when a gridseed is used?

[psycodad]

I recently bought a gridseed device as I stated in a previous post.  Wanting to mine empty blocks, I have discovered it won't connect to my wallet with CGMiner or BFGMiner.  These two mining applications have no problem connecting to a pool but after several hours of trial and error, I can't solo mine with the gridseed.  Is there some configuration issue or are pools the only mining option when a gridseed is used?

I see no reason why you shouldn't be able to solomine SBC. Can you show us the miner cmd line and the StableCoin.conf (mask or remove rpcusername and password)?

[Commentator]

Here are the commands to start CGMiner from a batch file:

cd c:\Users\User\Desktop\CryptoCoins\CGMiner 4_3_5
cgminer.exe --scrypt -o http://127.0.0.1:17501 -u <username> -p <password>

Contents of Stablecoin.conf file:

rpcuser=<username>
rpcpassword=<password>
server=1
daemon=1
rpcallowip=*
rpcport=17501

addnode=108.186.237.29
addnode=109.121.82.231
addnode=184.171.221.204
addnode=109.80.94.251
addnode=93.138.167.14
addnode=31.207.20.162
addnode=188.126.8.14
addnode=151.80.140.87
addnode=198.143.188.42
addnode=113.162.188.201
addnode=203.59.132.204
addnode=86.22.130.144
addnode=59.167.189.49
addnode=72.84.189.238
addnode=85.217.147.117
addnode=72.78.100.8

I am mining from a laptop on a home network and starting the wallet with the -server directive.  Also, when mining on a pool, I get the error "Stratum connection to pool 0 interrupted", after every new block.  All mining parameters look OK.  It showing about 255 Kh/s.

[3worlduser]

Commentator, how much time between every block aprox.?

[Commentator]

About 20 to 30 seconds.  It appears when using the coin server pool and my miners finds a block, I get the "Stratum connection to pool 0 interrupted" error.  Maybe the pool is taking the block for itself.