[SXC][NSFW] Sexcoin - New thread https://bitcointalk.org/index.php?topic=1272422.0

[lavajumper]

I've spent some time getting familiar with merged mining. This stems from my concerns about the network hash rate and the actual solve times I'very been watching on the block chain. I see a hell of a lot of upside to this, and am confident that we can implement it.

My understanding so far is that pools can share hash power from litecoin  or dogecoin  and use it on sexcoin  concurrently.

Is anyone aware of a downside?

What do you think?

[1714944011]

1714944011

[1714944011]

1714944011

[CryptoCanary]

I've spent some time getting familiar with merged mining. This stems from my concerns about the network hash rate and the actual solve times I'very been watching on the block chain. I see a hell of a lot of upside to this, and am confident that we can implement it.

My understanding so far is that pools can share hash power from litecoin  or dogecoin  and use it on sexcoin  concurrently.

Is anyone aware of a downside?

What do you think?

My understanding of merge mining is not perfect. I previously researched the topic some and think my previous findings are applicable and worth mentioning. So I will throw in my two pennies. For the sake of debate, play devil's advocate a little.

The only downside I am aware of falls on pool operators. They have to maintain two blockchains, the associated overhead, updating the frontend, and updating the backend. Miners are unaware of the merge mining. Which, if a coin supports merge mining and a pool does not, brings up the question, "is the pool merge mining and keeping the coins generated on the auxiliary chain?". I would think the risk of lossing miners with that question would force pool operators to support the new merge mining, no matter the cost of resources, or, even worse, drop the coin. I doubt the latter would happen but, possible maybe. Perhaps a pool operator could chime in on my proposed disadvantage.

Ok, devil's advocate over. I would personally say, this type of "marriage" to another chain is risky unless it is to the likes of LTC. That and, I feel, the hashrate will come with increased price (what you pay) and increased value (what you get, use). Is higher hashrate, and the subsequent more consistant block times, the only upside you're citing / finding lavajumper?

[Nerull]

security is also important. If you can merge mine with ltc and get a bunch of people merge mining then it makes it a lot harder for 51% attacks.

[lavajumper]

What I'm really trying to accomplish is to get the network:

• higher average hashrate
• more consistent solve times

We're still getting spikes and valleys, and although KGW is helping, it isn't performing as well as I had hoped.

A higher hashrate to increase security, and more consistent solve times so its fair to miners AND investors.

[SISAR]

security is also important. If you can merge mine with ltc and get a bunch of people merge mining then it makes it a lot harder for 51% attacks.

In case of major Scrypt pool starting to merge-mine SXC that pool becomes a 51% attacker or much worse. And imagine a situation where that pool or one of pools with huge amount of hashrate stops mining for some reason, SXC difficulty would be so high that the rest of pools and solo-miners combined would need ages to create the next block. But even if doomsday scenario does not happen there would be a constant dumping of SXC by miners who basicaly get it for free, as an extra while mining LTC or whatever else Scrypt they are mining.

SXC community should consider switching to NXT Monetary System. There the security is provided by NXT itself, big deal because NXT is one of major altcoins and no one there is even close to 51% attacker status. Also SXC Scrypt mining can continue as usual, as a way to distribute still unmined coins. As an extra SXC gets all features NXT has to offer like marketplace, aliases, assets, encrypted messaging and so on. Those features actualy require NXT coins but there is in-built decentralized exchange for Monetary System so SXC to NXT and NXT to SXC conversions are an easy task, all done inside NXT wallet.

https://nxtforum.org/monetary-system-153/
https://drive.google.com/file/d/0B8paJFYHGv0QVDN2dXFaRTBFeFE/view

[spazzdla]

I wish it was SHA-256.. I have so many SHA ASIC's lol.

[sasa9]

sexcoin.info website is next on my target list.

NSFW: https://pp.vk.me/c631727/v631727647/861/6y2cyuHz2WU.jpg

#sexcoin

[joewinkler]

I don't know if it is even possible, because Gridcoin is so far away from usual mining, as it is using a very new Proof-System (ProofOfStake combined with ProofOfResearch with Science-BOINC-projects), but I would love to merge with a ProofOfStakeCoin like PeerCoin or BlackCoin or at long stay/stake IMHObestForScience:Gridcoin.
But there is a very long way to switch into ProofOfStake, which would have to be done first, but is better than Litecoin IMHO.


MergedMining with LiTeCoin or SeXCoin-MARRYing-DoGE is good for !!!SAFER!SeXC!!! I'd appreciate, too! SeXCoin is still VIRGIN!

[lavajumper]

Richlist is Live

Sexcoin Richlist

Automatic nightly updating will be done next week.

[Equalizer1970]

Richlist is Live

Sexcoin Richlist

Automatic nightly updating will be done next week.

Thank you, Lavajumper. Wow, the #1 spot is crazy whale!

[dragonseer]

I've spent some time getting familiar with merged mining. This stems from my concerns about the network hash rate and the actual solve times I'very been watching on the block chain. I see a hell of a lot of upside to this, and am confident that we can implement it.

My understanding so far is that pools can share hash power from litecoin  or dogecoin  and use it on sexcoin  concurrently.

Is anyone aware of a downside?

What do you think?

I don't really see a downside, if Sexcoin needs a hard fork to implement this, then I think we can migrate properly.

I'll offer a bounty of 10000 SXC for a merged mining solution that works with Dogecoin.

If it is an either/or proposition, I'd go with Dogecoin rather than Litecoin because:

Dogecoin offers an alternative path to getting into crypto, it you explore the community and interact with the people involved, it is easy to get some without using an exchange or converting Bitcoin.

Litecoin on the other hand, doesn't really have a clear direction at the moment, other than being 'next in line' after Bitcoin if you are looking to have some kind of diverse crypto portfolio. I experienced a hitch recently that would rightly scare some people off, i.e. while Litecoin addresses are only valid with a 'L' prefix in the address, the client still happily sends coins to addresses proceeded by a '3', even though this makes the coins unrecoverable.

[Nerull]

I've spent some time getting familiar with merged mining. This stems from my concerns about the network hash rate and the actual solve times I'very been watching on the block chain. I see a hell of a lot of upside to this, and am confident that we can implement it.

My understanding so far is that pools can share hash power from litecoin  or dogecoin  and use it on sexcoin  concurrently.

Is anyone aware of a downside?

What do you think?

I don't really see a downside, if Sexcoin needs a hard fork to implement this, then I think we can migrate properly.

I'll offer a bounty of 10000 SXC for a merged mining solution that works with Dogecoin.

If it is an either/or proposition, I'd go with Dogecoin rather than Litecoin because:

Dogecoin offers an alternative path to getting into crypto, it you explore the community and interact with the people involved, it is easy to get some without using an exchange or converting Bitcoin.

Litecoin on the other hand, doesn't really have a clear direction at the moment, other than being 'next in line' after Bitcoin if you are looking to have some kind of diverse crypto portfolio. I experienced a hitch recently that would rightly scare some people off, i.e. while Litecoin addresses are only valid with a 'L' prefix in the address, the client still happily sends coins to addresses proceeded by a '3', even though this makes the coins unrecoverable.

doge is merge mineable with ltc, so that means if sxc merge mines with ltc you can mine doge too (assuming it hasnt changed since i last looked)

[portsofessen]

Richlist is Live

Sexcoin Richlist

Automatic nightly updating will be done next week.

Thanks for this Lava!
I have been looking for an updated richlist

[sasa9]

I'm only 48 place
Please help me to get into the top ten
donate me
SXC :      SE7Yyb3MZvAr1aRyicjev4evnJHHm8rDpM
for more photos Wink

[sasa9]

Richlist is Live

Sexcoin Richlist

Automatic nightly updating will be done next week.

Big thank to the community 
I do not have place in the 48 i am higher
after the update will be online, I know what I'm on place

P.S. I seriously want to know what I have to place 

[sasa9]

waiting, hope , believe

NSFW: https://pp.vk.me/c631728/v631728647/d96/uuiHa_lu-Ok.jpg

[sasa9]

https://psv4.vk.me/c612221/u208207647/docs/c9498e5952c6/Cameringo_20151122_135814_1.gif

[altseeker]

Those hot looking ladies are much better than the latest android wallet. 

[sasa9]

These hot ladies do not want to undress
without a new android wallet.

[sasa9]

NSFW: https://pp.vk.me/c631728/v631728647/eaf/FB9k_J7TeaM.jpg
#sexcoin