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

[xchrix]

NVC/BTC charts:
http://www.cryptocoincharts.info/orderbook.php?pair=nvc-btc&market=btc-e

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[Liquid]

Can someone send me a NVC lol 

4WWJNhtN7tNmBdD67eHRtKW369wrQx67VN  

[FuzzyBear]

NVC/BTC charts:
http://www.cryptocoincharts.info/orderbook.php?pair=nvc-btc&market=btc-e

LOL WFT some massive orders on both side... one for over 1million NVC.... sounds to me like someone looking to take a huge dump... i'm stearing well clear of this one... got scam, pump and dump, and poor dev written all over it

[Balthazar]

$ /opt/novacoin/novacoind getinfo
{
    "version" : "v0.2.2.0-unk-beta",
    "protocolversion" : 60002,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 5720,
    "moneysupply" : 266728.37659500,
    "connections" : 78,
    "proxy" : "",
    "ip" : "82.146.45.247",
    "difficulty" : 6.93501523,
    "testnet" : false,
    "keypoololdest" : 1360480939,
    "keypoolsize" : 102,
    "paytxfee" : 0.01000000,
    "errors" : ""
}
$

There are no 1M of coins. So, this wall can't be broken anyway.

[AndyRossy]

Can someone please draw up a mint / time graph?

[wiggi]

Been solo mining for a few hours now

...
...

I figured it out.

I think even with correct algo, with solo mining you see no stale rate until a block is found,
and perhaps network connection is all the time equivalent to 90% stales and there is only
very small chance to get the block. No way to know it.

So, pool are a necessary middleman.

Of course, if you can find valid block every 10 minutes...

[naima53]

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

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

Funny  haha? I think it's seriously odd that a fork of PPC would be added before PPC itself.

+1 let's add the broken code from the fork...not the original. Sounds like a great idea! Let's do it!

I call it - corruption. In Russia it is very relevant, though. 

[RichG]

basicly a scrypt hashing proof of stake coin.


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

windows binaries:
  https://sourceforge.net/projects/novacoin/files/

pools:

 the best altcoin multipool is NVC ready
 http://coinotron.com/


 beta:
 http://novapool.zapto.org/

solo mining identical to LTC, but only CGminer, and -e 1 is required

   impossible right now - found blocks are rejected, getwork is to slow.
        >>>  investigating a solution cgminer -E 1 <<<

Question: Why is the client telling me that the trust nodes are outdated? This could be a problem, because I cannot download and verify the blockchain. Could someone point me to a fix?

[Liquid]

Who ever sent me the coins thanks 

[btc-e.com]

All the coins NVC mined Balthazar (110,000 coins) are in the guarantee fund exchange BTC-e.com

[Maniac]

All the coins NVC mined Balthazar (110,000 coins) are in the guarantee fund exchange BTC-e.com

How many NVC has already generated much today?
How many NVC is generated per a day?

[AndyRossy]

All the coins NVC mined Balthazar (110,000 coins) are in the guarantee fund exchange BTC-e.com

How many NVC has already generated much today?
How many NVC is generated per a day?

Nothing compared to the initial 110k.

novacoind getinfo
{
    "version" : "v0.2.2ppc-5-g06de9fe-beta",
    "protocolversion" : 60002,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 6078,
    "moneysupply" : 272951.15178000,
    "connections" : 48,
    "proxy" : "",
    "ip" : "[removed]",
    "difficulty" : 11.09828058,
    "testnet" : false,
    "keypoololdest" : 1360607149,
    "keypoolsize" : 101,
    "paytxfee" : 0.01000000,
    "errors" : ""
}
andrew@engine:~$ date
Thu Feb 14 10:43:25 CET 2013

I think we can also assume the hardware mining the initial 110k did not just "switch off" after the 110k.

I'd be willing to bet closer to 200k is in the same person(s) hands - so about 74% of the currency (currently).

Im going to put up a proofofstake.com page with NVC metrics later, this should indicate all of the above.

[maunderingcabal]

1 hour and 10 minutes later at 600 Mhs using BFGminer at -E 1, 40 stales... no blocks found. I give up on this coin. From the read it sounds like more than 50% of the coins are in one place, possible owned by one person? How is this a good idea? I think I'll stay away from these odds.

[Balthazar]

1 hour and 10 minutes later at 600 Mhs using BFGminer at -E 1, 40 stales... no blocks found. I give up on this coin. From the read it sounds like more than 50% of the coins are in one place, possible owned by one person? How is this a good idea? I think I'll stay away from these odds.

It seems that you forget --scrypt option.

110k of 273k is not "more than 50%". Also, don't forget about mining... Now network creates approximately 2000 new coins per day, for example.

[maunderingcabal]

1 hour and 10 minutes later at 600 Mhs using BFGminer at -E 1, 40 stales... no blocks found. I give up on this coin. From the read it sounds like more than 50% of the coins are in one place, possible owned by one person? How is this a good idea? I think I'll stay away from these odds.

It seems that you forget --scrypt option.

What option is that? How do I use it?

[Maniac]

1 hour and 10 minutes later at 600 Mhs using BFGminer at -E 1, 40 stales... no blocks found. I give up on this coin. From the read it sounds like more than 50% of the coins are in one place, possible owned by one person? How is this a good idea? I think I'll stay away from these odds.

I did solo mining Feb 11 - Feb 12 and all was done. I found more than 130 blocks with 24,49 - 20,37 reward. (9 Mh/sec)
But since Feb 13 it was rejects only.
Now mining is working fine with coinotron.com (less then 1% rejects) (I also tried http://novapool.zapto.org/ but got 50% rejects on February 13, but pool is alive and working now)

[Maniac]

What option is that? How do I use it?

See LTC mining manuals.

[maunderingcabal]

What option is that? How do I use it?

See LTC mining manuals.

No one ain't got time for that shit.

[Maniac]

What option is that? How do I use it?

See LTC mining manuals.

No one ain't got time for that shit.

Scrypt or other alternate algorithms is the future of GPU mining. Learn this option or go out of mining.

[Balthazar]

What option is that? How do I use it?

See LTC mining manuals.

No one ain't got time for that shit.

That's your problem, guy? Why did you hate LTC so much?