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Question: [CLOSED] Round 2. Should we increase the minimum recommended tx fee in order to motivate PoW-miners (this will also increase the deflation rate)?
1) change to 0.00001000
2) leave the  0.00000001

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Author Topic: [ANN] 42-coin Development Discussion Thread  (Read 68121 times)
IMZ
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March 13, 2018, 07:59:13 AM
 #1201

Nova Exchange should reboot on April the 4th.

'Under such legislation GOOBIT is required to disclose any suspicions of money laundering or terrorism financing to the police authorities. GOOBIT is not permitted to inform its customer should such suspicion arise.'

Email to me from Nova

Check your inboxes, campers. If you have a Nova account, you must accept the new Terms and Conditions.
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Ucicha
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March 13, 2018, 09:55:51 AM
 #1202

Hello!

My first post also!

Love the idea, as if just for me, found it through pure abstract thinking, have great vibe about it!

How hard is it to actually be a PoW miner for 42 coin? More importantly what would eventually happen with the number of coins? Would they reach 0.00000001 coins in total from the initial supply of 42? On a sidenote, how does one become a node?

My vote on the fee would be: a) expected growth of transactions in next year - vote stay at current
                                           b) expected growth of transactions in 5 years - vote change to higher fee
IMZ
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March 13, 2018, 12:45:05 PM
 #1203

Hello!

My first post also!

Love the idea, as if just for me, found it through pure abstract thinking, have great vibe about it!

How hard is it to actually be a PoW miner for 42 coin? More importantly what would eventually happen with the number of coins? Would they reach 0.00000001 coins in total from the initial supply of 42? On a sidenote, how does one become a node?

My vote on the fee would be: a) expected growth of transactions in next year - vote stay at current
                                           b) expected growth of transactions in 5 years - vote change to higher fee

Welcome, Ucicha. Others will advise on becoming a miner.

A little bit of answer, courtesy of Laser:

'PoW miners gather tx fees from transactions as a reward because their work is more energy intensive.'


And: 'More importantly what would eventually happen with the number of coins?'

Well, ultimately, it's about the divisibility of each coin: a crypto's units can be divided into a very large number of sun-units. With Bitcoin, for example, it's one hundred million sub-units.

So -- as I understand it -- 42-Coin is deflationary: there is, slowly, less and less of it, which makes each unit more valuable.

But are we going to run out of 42? No. There are a range of options; but more importantly, the problem is a century away.
Lasergun
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March 13, 2018, 07:43:44 PM
 #1204

How hard is it to actually be a PoW miner for 42 coin?

All depend on difficulty... With 2-5 Mh/s @ current difficulty (3-7) you will find the blocks on regular basis.

Would they reach 0.00000001 coins in total from the initial supply of 42?

Yes, with the current deflation this will happen after 1 838 825 years.

On a sidenote, how does one become a node?

You need to open port #4242 for incoming connections and keep your wallet online 24/7.

My vote on the fee would be: a) expected growth of transactions in next year - vote stay at current
                                           b) expected growth of transactions in 5 years - vote change to higher fee

Thanks.
With the current tx fees and 42 price PoW-miners do not have any financial motivation to mine/secure the network, everything is based on enthusiasm and altruism.

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March 14, 2018, 05:23:01 AM
 #1205

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine
adamantasaurus
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March 14, 2018, 12:18:44 PM
 #1206

Hey guys, for some reason I sent a transaction and the transaction won't confirm it has been stuck at 0 confirmations for a while now. I think it may have something to do with windows defender? And also I have my wallet unlocked to mine but when I hover my mouse over the mining icon it says "no inputs available" Does anyone know how to solve these issues?

Thanks

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Lasergun
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March 14, 2018, 03:43:11 PM
 #1207

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine

Solo mining:

Config. example:
Code:
cgminer.exe --scrypt -o http://127.0.0.1:2121 -u UserName -p Password

42.conf file example:
Code:
rpcuser=UserName
rpcpassword=Password
rpcport=2121
#(0=off, 1=on) daemon - run in the background as a daemon and accept commands
daemon=1
#(0=off, 1=on) server - accept command line and JSON-RPC commands
server=1
rpcallowip=127.0.0.1

Pool mining: https://bitcointalk.org/index.php?topic=1502028.0#post_op_mining
Lasergun
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March 14, 2018, 04:12:19 PM
 #1208

Hey guys, for some reason I sent a transaction and the transaction won't confirm it has been stuck at 0 confirmations for a while now. I think it may have something to do with windows defender?

Of course, the wallet should not be blocked by your firewall. Go to Help -> Debug window -> Console, enter the command "resendwallettransactions" (without quotes) and press Enter to resend your transaction.


And also I have my wallet unlocked to mine but when I hover my mouse over the mining icon it says "no inputs available" Does anyone know how to solve these issues?

https://bitcointalk.org/index.php?topic=1502028.msg19164922#msg19164922
Ucicha
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March 14, 2018, 06:37:06 PM
 #1209

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine

Solo mining:

Config. example:
Code:
cgminer.exe --scrypt -o http://127.0.0.1:2121 -u UserName -p Password



I dont quite understand this part, can you please explain in a few bullets?
sophiabtc
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March 14, 2018, 07:46:39 PM
 #1210

Hello guys anyone to assist me i want to start mining 42.
Lasergun
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March 14, 2018, 08:28:52 PM
 #1211

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine

Solo mining:

Config. example:
Code:
cgminer.exe --scrypt -o http://127.0.0.1:2121 -u UserName -p Password



I dont quite understand this part, can you please explain in a few bullets?

Depend on your hardware you can use different mining software, and bfgminer are the most popular. This example can be used in a .bat file (to start mining).
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March 14, 2018, 09:15:06 PM
 #1212

I don't really understand why so much interest for mining 42(If you want to mine for profit) .You can buy at the bottom price
(3.8Btc) right now on Cryptopia , Livecoin or Tradesatoshi .Very soon the price will go higher close to 10btc and even more within this year.New ideas and concept will follow about this rare & 'vintage'  coin! Stay tuned!
Ucicha
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March 15, 2018, 08:10:01 AM
 #1213

I don't really understand why so much interest for mining 42(If you want to mine for profit) .You can buy at the bottom price
(3.8Btc) right now on Cryptopia , Livecoin or Tradesatoshi .Very soon the price will go higher close to 10btc and even more within this year.New ideas and concept will follow about this rare & 'vintage'  coin! Stay tuned!

I am interested in learning the future, all of it, not just come to the victory parade after a hard battle Smiley
Ucicha
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March 15, 2018, 08:33:30 AM
 #1214

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine

Solo mining:

Config. example:
Code:
cgminer.exe --scrypt -o http://127.0.0.1:2121 -u UserName -p Password



I dont quite understand this part, can you please explain in a few bullets?

Depend on your hardware you can use different mining software, cgminer and bfgminer are the most popular. This example can be used in a .bat file (to start mining).


It would seem my old fashioned "basic PC usage" is no good. Failed at getting cgminer (couldn't get it from URL, got a .tar.lrz file instead), and failed at getting a .lrz (lrzip) extractor. dont know if i would manage .tar since never got to it.

On the up side, got bfgminer. Successfully extracted.

do I now:
1. Edit 42.conf with a username and password
2. in bfgminer enter URL:http://127.0.0.1:2121, username, password from 42.conf?

Also got a little lost with the .bat file. Which .bat file do i need?
Ucicha
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March 15, 2018, 09:56:40 AM
 #1215

Is there a guide to solo mine 42 coin?
or a pool i can join
prefer solo mine

Solo mining:

Config. example:
Code:
cgminer.exe --scrypt -o http://127.0.0.1:2121 -u UserName -p Password

42.conf file example:
Code:
rpcuser=UserName
rpcpassword=Password
rpcport=2121
#(0=off, 1=on) daemon - run in the background as a daemon and accept commands
daemon=1
#(0=off, 1=on) server - accept command line and JSON-RPC commands
server=1
rpcallowip=127.0.0.1

Pool mining: https://bitcointalk.org/index.php?topic=1502028.0#post_op_mining


thats funny, i keep getting played Grin please disregard my last post i think im on the right path now
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March 15, 2018, 10:17:14 AM
 #1216

Failed at getting cgminer (couldn't get it from URL, got a .tar.lrz file instead), and failed at getting a .lrz (lrzip) extractor. dont know if i would manage .tar since never got to it.

MEGA link: https://mega.nz/#!H5NzDCqI!7p2ilaE9RIzhymWbjiRu3swiNNQ5zZ9pAojfqX-qxxI

2. in bfgminer enter URL:http://127.0.0.1:2121, username, password from 42.conf?

Yes, the same username and password from 42.conf. For bfgminer use:

Code:
bfgminer.exe --scrypt -o 127.0.0.1:2121 -u UserName -p Password

Also got a little lost with the .bat file. Which .bat file do i need?

Quick Google search: https://www.coindesk.com/information/how-to-mine-litecoin/

thats funny, i keep getting played Grin please disregard my last post i think im on the right path now

If you have more questions related to mining, come to tox or telegram chat.
IMZ
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March 16, 2018, 03:53:52 AM
 #1217

'More likely anybody can list any coin'

https://www.bloomberg.com/news/articles/2018-03-13/crypto-exchange-binance-launches-decentralized-trading-network

EDIT:

Analysing and trialling decentralised exchanges will be my main activity this year. Looking forward to getting 42 a berth somewhere (and as always, if anyone wants to do p2ps, okay).
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March 16, 2018, 05:04:27 AM
 #1218

And you can pm me if you need help with solo mining !!!
IMZ
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March 17, 2018, 01:53:50 AM
 #1219

' the full verification is not obligatory for creating tickets, but, the accounts which have completed the full verification procedure, will have privileges, their questions will be resolved as a matter of priority. The accounts without full verification can create tickets, but these tickets won't be the first to resolve.'

Livecoin site Notifications

We'd guess that Livecoin has had a solid backlash against their Verification program, and have changed the requirements in their users' favour -- a rare thing in crypto!

EDIT: Still think Livecoin is a good exchange. Their support is good. Withdrawals are quick. The site is easy to use.
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March 20, 2018, 12:02:18 AM
 #1220

https://www.coindesk.com/icos-iced-12-month-freeze-us-token-trading-just-beginning/

42-coin, anyone?
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