[ANN] [KRB] Karbo (Ҝ) Кapбoвaнeць - Ukrainian Electronic Karbovanets CryptoNote

[aiwe]

tl;dr KRB is by no means poised to succeed

No national cryptocurrency has been adopted by a country, even as a reserve currency. If they did, I would find it hard to trust any government to keep criminals from stealing the whole fund.  Properly securing computer networks is very difficult. I believe it's easier to steal cryptocurrency from a wallet than it is to rob a bank. Moreover, if we're talking about a cryptonote fork being used as a national currency, the government wouldn't even be able to track down who stole the currency. Given that, regardless of how successful Karbowanec is, I believe it will always remain an unofficial, underground currency.

Though I still find some reason to be bullish on Karbowanec. Bitcoin's block size debate has convinced me that altcoins have a valid purpose. I don't think the whole world should necessarily be putting every transaction all into one bloated blockchain. Instead, it makes sense to divide transactions into different ledgers. Humanity is already divided by nations, so conceptually it doesn't seem irrational to have national blockchains.  Even as just a store of value, cryptocurrencies can resist inflation.  Ukraine "inflation was at more than 12 percent last year (It hit 43 percent in 2015 thanks in part to devaluation)." [1] And almost half of Ukraine citizens have internet access, accounting for 19 million internet users. [2]  High inflation and a large potential user-base suggests there is an opportunity for KRB to see some amount of real usage.

Still, no national cryptocurrency has been successful.  The country of Nigeria has 86m internet users [2] and an inflation rate of 18%. [3]  The African cryptocurrency "Kobocoin," named after the widely used coins in the country, has languished on coin exchanges for two years.  The transaction volume suggests no one is using the currency despite the availability of mobile wallets.  It might be because English is the predominant language there, so there's no motivation to use an untested crypto over Bitcoin.

The threat of a government outlawing cryptocurrency is real too.  Turkey has 46m internet users and 10% currency inflation.  But bitcoin exchanges were chased out when banks closed their accounts. [5]  Turkey banned Paypal from operating in the country as well. Egypt has 30m internet users and 28% inflation.  No national altcoin has caught on in either country, even though they appear to be (subjectively) better candidates than Ukraine.

1: https://www.bloomberg.com/news/features/2017-02-06/ukraine-is-fighting-its-own-cold-war
2: http://www.internetlivestats.com/internet-users-by-country/
3: http://www.tradingeconomics.com/nigeria/inflation-cpi
4: http://www.tradingeconomics.com/turkey/inflation-cpi
5: https://cointelegraph.com/news/bitcoin-exchange-btcturk-terminates-operations-in-turkey-right-after-paypal
6: http://www.tradingeconomics.com/egypt/inflation-cpi

True, esp. bold out. PayPal is not present in Ukraine due to govt's obstacles. They are banning electronic money services already. Centralized ones so far. We might be banned or chased because no any power would allow to take away from them the ability to create money and wealth our of thin air at the cost of the rest. That's the reason that no any independent currency will not be supported by government ever. But take into account enormous level of corruption in Ukraine, - for those guys untraceable cryptocurrency is preferable than one based on transparent blockchain - that's another opportunity for some level of support by officials when they find out how it works - I'm joking but there's a grain of truth in every joke. The catastrophic economic situation might drive interest to stable and even deflating cryptocurrency as an escape from official currency with constant devaluation and inflation. Besides, our name is well know word with strong associations with money, more easy to adopt than foreign unfamiliar '***coins'. From the other hand, some people tend to value imported goods over local but we use imported tech They can not ban as easily as centralized payment networks. For courts bitcoin or Karbo doesn't even exist yet (there are court sentences). We by no means do not want to fight with govt or substitute official currency as a whole, - we want to take our niche. The changes are small, but it is possible to become stable and used local currency with its own userbase, merchants, services and the whole ecosystem. It's hard work, requires a lot of effort, we aware, but so far we are doing well.

And still ukrainians proved they can admire, there are still chances we will have normal sane working laws,  sane govt which won't ban cryptocurrencies

[1715447287]

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[gawlea]

cool..., block found, pool works fine.

setting pool fees to 0.5% from now.

people in russian thread are wondering where's payout for that block

can you please add pool to list? 

Added to the list.

BTW there are new miners suitable for mining Karbo

XMR-Stak-CPU https://github.com/fireice-uk/xmr-stak-cpu/releases
XMR-Stak-AMD https://github.com/fireice-uk/xmr-stak-amd/releases

New optimized NVIDIA GPU miner https://github.com/xmrMiner/xmrMiner
Windows binaries https://github.com/xmrMiner/xmrMiner-Win64

Is the new miner suitable for windows, i didn't get it work. I'm using Windows 10 x64. Thanks!

[aiwe]

cool..., block found, pool works fine.

setting pool fees to 0.5% from now.

people in russian thread are wondering where's payout for that block

can you please add pool to list? 

Added to the list.

BTW there are new miners suitable for mining Karbo

XMR-Stak-CPU https://github.com/fireice-uk/xmr-stak-cpu/releases
XMR-Stak-AMD https://github.com/fireice-uk/xmr-stak-amd/releases

New optimized NVIDIA GPU miner https://github.com/xmrMiner/xmrMiner
Windows binaries https://github.com/xmrMiner/xmrMiner-Win64

Is the new miner suitable for windows, i didn't get it work. I'm using Windows 10 x64. Thanks!

Which one? I can't test Nvidia myself, was reported: xmrMiner 70h/s with settings -l 6x48 on gtx 460se 768mb vs ccminer 120h/s
XMR-Stack is working can give up to 20% boost to Wolf's CPU miner, but Wolf's miners is way easier to setup

[gawlea]

cool..., block found, pool works fine.

setting pool fees to 0.5% from now.

people in russian thread are wondering where's payout for that block

can you please add pool to list? 

Added to the list.

BTW there are new miners suitable for mining Karbo

XMR-Stak-CPU https://github.com/fireice-uk/xmr-stak-cpu/releases
XMR-Stak-AMD https://github.com/fireice-uk/xmr-stak-amd/releases

New optimized NVIDIA GPU miner https://github.com/xmrMiner/xmrMiner
Windows binaries https://github.com/xmrMiner/xmrMiner-Win64

Is the new miner suitable for windows, i didn't get it work. I'm using Windows 10 x64. Thanks!

Which one? I can't test Nvidia myself, was reported: xmrMiner 70h/s with settings -l 6x48 on gtx 460se 768mb vs ccminer 120h/s
XMR-Stack is working can give up to 20% boost to Wolf's CPU miner, but Wolf's miners is way easier to setup

@aiwe XMR-Stak-CPU https://github.com/fireice-uk/xmr-stak-cpu/releases

BTW pool.karbowanek.com is working properly? coz i didn't get paid today neither 1 time... and i mine from this morning.

[aiwe]

@aiwe XMR-Stak-CPU https://github.com/fireice-uk/xmr-stak-cpu/releases

BTW pool.karbowanek.com is working properly? coz i didn't get paid today neither 1 time... and i mine from this morning.

Please switch to alternative pools, this one if for rookies using builtin GUI wallet miner. If you know how to use XMR-Stak-CPU you should mine elsewhere
We'll check what's up with pool, I might be just overloaded, because server was not intended for large number of miners. Need to scale. When it will payout we will.

[gawlea]

Please switch to alternative pools, this one if for rookies using builtin GUI wallet miner. If you know how to use XMR-Stak-CPU you should mine elsewhere
We'll check what's up with pool, I might be just overloaded, because server was not intended for large number of miners. Need to scale. When it will payout we will.

I mine with cpumulti-opt 3.3.8 miner x64 atm. OK i'll try the XMR-Stak-CPU and democats pool.  Thanks!

[aiwe]

Please donate to bounty fund for development of e-commerce plugins. Lets start with Woocommerce.

Code:

KgggFaf3tV44xLxh3TqyzwJqgtRNRmHtedqW524pFx7QNKPcmXGT2nqcSrHuZw91eYfQFzRtGfTemReSSMN4kE445jG3QYS

As usually, stats are here http://donate.karbowanec.com/en/

For additional info on API, task etc., interested developers please PM me.

[Sberex]

New Amazon cloud based pool for KRB mining at http://amazon.sberex.com/# with 0,5% fee.

[aiwe]

As suggested by community members on pool.karbowanec.com added 1% fee for Dev fund donations, total pool fee is now 3%. The pool is overloaded, please if possible switch to alternative pools.

[gawlea]

As suggested by community members on pool.karbowanec.com added 1% fee for Dev fund donations, total pool fee is now 3%. The pool is overloaded, please if possible switch to alternative pools.

3% I think many miners will move from there... Maybe I'm wrong, but from 0.5-1% of others pools to 3% is some diff (for big miners I mean).

[aiwe]

As suggested by community members on pool.karbowanec.com added 1% fee for Dev fund donations, total pool fee is now 3%. The pool is overloaded, please if possible switch to alternative pools.

3% I think many miners will move from there... Maybe I'm wrong, but from 0.5-1% of others pools to 3% is some diff (for big miners I mean).

That's the point. Pool server is overloaded since I don't want to pay more for an upgrade it will be better some miners will move to other pool for better hashrate distribution.
Now two pools constantly have total prevail in hashrate this is not good.

[gawlea]

As suggested by community members on pool.karbowanec.com added 1% fee for Dev fund donations, total pool fee is now 3%. The pool is overloaded, please if possible switch to alternative pools.

3% I think many miners will move from there... Maybe I'm wrong, but from 0.5-1% of others pools to 3% is some diff (for big miners I mean).

That's the point. Pool server is overloaded since I don't want to pay more for an upgrade it will be better some miners will move to other pool for better hashrate distribution.
Now two pools constantly have total prevail in hashrate this is not good.

This is true pool.karbowanec.com is overloaded. And there are many pools out there with 0 miners. Maybe this will make them move to other pools, but if they don't move?
(I said that they don't want to move to support the coin, with 1% donation).

[OwlHonda]

I moved my 900H/sec from pool.karbowanec.com to pool2.democats.org. I'll remain there as long as it is stable and pays out unlike some of the other pools. If not I'll be forced to return to main pool, but people say this is a good alternative pool so I'm trying to help.

[OwlHonda]

I moved my 900H/sec from pool.karbowanec.com to pool2.democats.org. I'll remain there as long as it is stable and pays out unlike some of the other pools. If not I'll be forced to return to main pool, but people say this is a good alternative pool so I'm trying to help.

Democats has been going extremely smooth. Very happy, will stay here and avoid main pool to help spread out the hashrate. Very stable pool, this is where people should be directed from main pool to help with the overload.

[aiwe]

I moved my 900H/sec from pool.karbowanec.com to pool2.democats.org. I'll remain there as long as it is stable and pays out unlike some of the other pools. If not I'll be forced to return to main pool, but people say this is a good alternative pool so I'm trying to help.

Democats has been going extremely smooth. Very happy, will stay here and avoid main pool to help spread out the hashrate. Very stable pool, this is where people should be directed from main pool to help with the overload.

This pool is even in the wallet's default list because it's trusted.

[aiwe]

We have updated block explorer http://explorer.karbowanec.com/en/, now with search for payment id. It also shows blockchain height including genesis block, not top block number, shows current difficulty, instead of last block's difficulty and accordingly calculates estimated network hashrate.

[Piston]

Cтoит вклaдывaтьcя 
Haмaйнил oднy мoнeтy, чeт cлoжнo.

[hugabase]

need more 100 RUSSIAN investor, then 1 KRB will be BTC0.01

[aiwe]

Cтoит вклaдывaтьcя 
Haмaйнил oднy мoнeтy, чeт cлoжнo.

https://bitcointalk.org/index.php?topic=1513025.new#new

[OwlHonda]

which of the 3 things that needs to be funded is the top priority on the krb donations page? i want to know which one is most important currently so i can donate there.