[ANN] official NovaCoin thread - the original PoS+scrypt coin.

[Sunny King]

Source code is presumably here:
https://github.com/CryptoManiac/novacoin

So we have another coin where the source code is not readily available.

Are people really downloading and installing these daemons blindly? Anybody installing these "mystery" coins ever hear the term "Trojan Horse"?

The only files available on the source forge site are compiled installers.

If somebody could point us to the source code, perhaps the coin could be taken more seriously.

No, I am not going to run the installer to get the source code, as with the other legitimate coins, the source should be readily available.

[bushstar]

Thanks for the binaries xorxor.

[xorxor]

Perhaps the link to the source code should be in the OP.  

perhaps it is in the first post of original russian thread - link in OP.

i thought windows users need some help, so added links to bins, but was shure linux users can do the work by themselfs

[amgomez]

Start trading - https://btc-e.com/exchange/nvc_btc

It's funny how NVC gets added to the exchange before PPC.

NVC -> rusian
BTC-E -> rusian

Do you need more explanation?

[dreamwatcher]

Perhaps the link to the source code should be in the OP.  

perhaps it is in the first post of original russian thread - link in OP.

i thought windows users need some help, so added links to bins, but was shure linux users can do the work by themselfs

Yep, I deserved that, I just let my concern over the sourceless (last I read) RUcoin get the best of me. I just wanted people to be careful about what they install, especially in the realm of cryptocurrencies.

[Sunny King]

Yep, I deserved that, I just let my concern over the sourceless (last I read) RUcoin get the best of me. I just wanted people to be careful about what they install, especially in the realm of cryptocurrencies.

You are of no fault, it's always prudent to remind others to double-check 

[CaptChadd]

A strange thing to do, release a coin that cannot be mined right now and have it available on the exchange.

If it is unminable then how does BTC-E have Novacoins then?

How did they mine or get them?

Does this sound like a way to make people spend their Bitcoins buying them as they cannot be mined?

This are just questions and I have no opinion either way, just speculation.

[tacotime]

A strange thing to do, release a coin that cannot be mined right now and have it available on the exchange.

If it is unminable then how does BTC-E have Novacoins then?

How did they mine or get them?

Does this sound like a way to make people spend their Bitcoins buying them as they cannot be mined?

This are just questions and I have no opinion either way, just speculation.

Balthazar released it yesterday on the network during which time some russians mined 200,000 or so coins, then today when it was added to BTC-e everyone started trying to mine it.  Because of the retarget algorithm stale rate even solo mining right now is extremely high (getwork takes forever, so a lot of people's hashes are useless).

see this thread https://bitcointalk.org/index.php?topic=114712.0

Right now it's a lot of solo miners fighting amongst each other to get as many blocks before the difficulty heads into the double digit range.  People are still getting blocks, but only those with massive hash rates because getwork takes so long.  It's the same problem with every alt coin release that doesn't have a suitable difficulty adjustment algorithm.

Sadly what is happening right now is basically a premine amongst the parties who have the greatest hash rates, since the probability is that they will obtain the majority of the blocks

The russians have it right

Classic skamkoin

[xorxor]

A strange thing to do, release a coin that cannot be mined right now and have it available on the exchange.

If it is unminable then how does BTC-E have Novacoins then?

How did they mine or get them?

Does this sound like a way to make people spend their Bitcoins buying them as they cannot be mined?

This are just questions and I have no opinion either way, just speculation.

Balthazar released it yesterday on the network during which time some russians mined 200,000 or so coins, then today when it was added to BTC-e everyone started trying to mine it.  Because of the retarget algorithm stale rate even solo mining right now is extremely high (getwork takes forever, so a lot of people's hashes are useless).

see this thread https://bitcointalk.org/index.php?topic=114712.0

Right now it's a lot of solo miners fighting amongst each other to get as many blocks before the difficulty heads into the double digit range.  People are still getting blocks, but only those with massive hash rates because getwork takes so long.  It's the same problem with every alt coin release that doesn't have a suitable difficulty adjustment algorithm.

Sadly what is happening right now is basically a premine amongst the parties who have the greatest hash rates, since the probability is that they will obtain the majority of the blocks

The russians have it right

Classic skamkoin

not the greatest hashrate, the closest location to others that started it first.
i have quite better pings to russia [also east europe] than most of the world, and  have like 4500kh power - cant mine, no solo, no pooled.

[Balthazar]

crazy_rabbit, smoothie



P.S. One of the reasons to create this it's trolling, of course. Sunny King likes this too, I think.

[smoothie]

crazy_rabbit, smoothie



P.S. One of the reasons to create this it's trolling, of course. Sunny King likes this too, I think.

LOL you brought NVC,

They brought BITCOINs to EXCHANGE,

You therefore brought CHANGE.

No butt hurt here. Why would I be butt hurt about a coin that is broken but added to an exchange and was obivously premined before public release?

LOLzzz! 

[crazy_rabbit]

crazy_rabbit, smoothie



P.S. One of the reasons to create this it's trolling, of course. Sunny King likes this too, I think.

ahhahahahah, love it

[Balthazar]

Why would I be butt hurt about a coin

Because it's usual action in your case. You have nothing to say, only emotions.

and was obivously premined before public release

1) Tell a lie
2) If someone asks proof, try to say him how it's obvious.
3)
4) Profit.

 

P.S.  I have nothing against trolls, but you should to try do your work better.

[crazy_rabbit]

For the record, I'm not trolling your PPC fork. Now that I understand it better, it seems like both an improved LTC and PPC at the same time. Why not combine the best of 2 coins in one?

[smoothie]

Why would I be butt hurt about a coin

Because it's usual action in your case. You have nothing to say, only emotions.

and was obivously premined before public release

1) Tell a lie
2) If someone asks proof, try to say him how it's obvious.
3)
4) Profit.

 

P.S.  I have nothing against trolls, but you should to try do your work better.

LOL right NVC was announced ahead of time right? Which means no premine? Don't make me laugh.

Oh and you think this is trolling? LOL...I haven't even started little boy.

You still haven't shown why I would be butt hurt. I think it's humorous that NVC was added before PPC to the BTC-e exchange even based on broken code lol.

This is the equivalent of bankers scratching politician's backs in the real world. It's not what you know, it is who you know. Obviously you are good friends with the owners of btc-e. Good for you.

It doesnt remove the joke of NVC added before PPC and NVC not having a publicly available launch date prior to starting the chain...which equal premine lol...

So fail...lol so fail...  

[iCEBREAKER]

Hey smoothie, are you going to recruit Luke to 51% this latest PutinCoin?

[Sunny King]

Hey smoothie, are you going to recruit Luke to 51% this latest PutinCoin?

It's protected with automatic checkpoints same as ppcoin.

[smoothie]

Hey smoothie, are you going to recruit Luke to 51% this latest PutinCoin?

Why? LOL

no fun with no one getting scammed right?

[Sunny King]

There are only one "problem" - difficulty is high and growing.

I believe it is the only problem for You . I have great ISP, I'm close to Russia, i have a lot of hashpower.
impossible to mine.
 even 20 hours ago, with lower diff and 9 connections, i was finding blocks one by one, but all rejected for no reason, not stales.

I have no idea why only in russia blocks are not rejected.

Looks like it either has problem with cgminer, or it has problem with getwork for solo mining. Blocks are being rejected due to wrong hash submitted via getwork. Balthazar, are you sure that getwork is properly supported? Have you tested with cgminer?

[Exsept]

cgminer/bfgminer option -E =120 change on 1