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Author Topic: [ANN][Q2C] QubitCoin secure hashing (NEW) Update 0.11.2.2  (Read 27286 times)
zex24
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December 03, 2017, 11:16:04 PM
 #341

What kind of update would you like to see?
No one wants to work on developing PoW/PoS combination for now.
If we change diff algo as you or someone else suggested it still won't be able to help against really big changes (100 times bigger/smaller) in hashrate.
Coin is working fine. It needs to be promoted more so I will see what I can do about it.

I sent a message to Cryptopia about the wallet...
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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December 03, 2017, 11:19:08 PM
 #342

Mining isnt stable. I have tried to send 10 GH/s but it was really so less coin rewards. The mininig not stable.

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startsts
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December 04, 2017, 12:28:07 AM
 #343

Mining isnt stable. I have tried to send 10 GH/s but it was really so less coin rewards. The mininig not stable.

block reward is 1 coin, don't you know about?

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December 04, 2017, 01:37:24 AM
 #344

Since this is being delisted from Cryptohub, I tried again to get this coin to compile to salvage the few qubit that I had there. This time the software didn't present any problems (although I don't know what is different now about my computer's configuration because the steps used were identical; also the debug.log didn't have much information).  Thanks for the input from people in the last couple pages though.

Now it's just the long wait for that sizable blockchain to download...

I have to say, however, that this coin doesn't have many selling points besides the fast transaction times.  For instance, it provides no "cash flow" as POS coins do.  Moreover, there are more than 248 million Qubit (although many have probably been lost over time, there are more than 10 million of them available for sale on Cryptopia and it takes real loot to try to push the price up meaningfully).  I suspect that Qubit will probably need some sort of coin-swap eventually to a new configuration -- perhaps the Xevan algo, a lesser total quantity [it was particularly weird that this coin has carried on zombie-like generating ever more coins beyond it's alleged coin-ceiling], and a hybrid POW/POS?? Grin

▐▐▐▐ CrocodileCash ▐▐▐▐
Fast and cheap ^_^ ▐  Aggressive, non-hyperinflationary 12% PoS ("Strength in Basking") ▐  3.0 million current supply ▐  SHA-256 PoW -- Making old ASICs great again
startsts
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December 04, 2017, 02:18:21 AM
 #345

Since this is being delisted from Cryptohub, I tried again to get this coin to compile to salvage the few qubit that I had there. This time the software didn't present any problems (although I don't know what is different now about my computer's configuration because the steps used were identical; also the debug.log didn't have much information).  Thanks for the input from people in the last couple pages though.

Now it's just the long wait for that sizable blockchain to download...

I have to say, however, that this coin doesn't have many selling points besides the fast transaction times.  For instance, it provides no "cash flow" as POS coins do.  Moreover, there are more than 248 million Qubit (although many have probably been lost over time, there are more than 10 million of them available for sale on Cryptopia and it takes real loot to try to push the price up meaningfully).  I suspect that Qubit will probably need some sort of coin-swap eventually to a new configuration -- perhaps the Xevan algo, a lesser total quantity [it was particularly weird that this coin has carried on zombie-like generating ever more coins beyond it's alleged coin-ceiling], and a hybrid POW/POS?? Grin

I have fear of xevan algo,  both coins AMS and XLR were having chain split last month.   You should choose something more stable. Something with PoS and GPU algo.  I can help you with creating a swap service.  In new coin you just need make premine 1% (I think best option) of current supply (1% of 248 million = 2,5 million aprox)  and in swap service we pay to users 0,01 qubit (new qubit) for every 1 of old qubit.  What do you think about this idea?

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December 04, 2017, 02:39:03 AM
 #346

... perhaps the Xevan algo, a lesser total quantity [it was particularly weird that this coin has carried on zombie-like generating ever more coins beyond it's alleged coin-ceiling], and a hybrid POW/POS?? Grin

I have fear of xevan algo,  both coins AMS and XLR were having chain split last month.   You should choose something more stable. Something with PoS and GPU algo.  I can help you with creating a swap service.  In new coin you just need make premine 1% (I think best option) of current supply (1% of 248 million = 2,5 million aprox)  and in swap service we pay to users 0,01 qubit (new qubit) for every 1 of old qubit.  What do you think about this idea?

Maybe Xevan isn't a panacea (I had AMS and possibly some XLR vaporise on those recent chain splits).  Still, if it remained this algo with relatively few miners it just takes someone with one of those Baikal 2 GH/s Qubit rigs to own/dominate the chain.

I like fewer coins myself, so wouldn't mind the 100:1 swap (it would also establish how many qubits are actually available).  Also Qubit would probably lose its Cryptopia listing with any swap (like Solaris did); yet, Qubit's not exactly a high volume coin relative to the others traded there.

▐▐▐▐ CrocodileCash ▐▐▐▐
Fast and cheap ^_^ ▐  Aggressive, non-hyperinflationary 12% PoS ("Strength in Basking") ▐  3.0 million current supply ▐  SHA-256 PoW -- Making old ASICs great again
zex24
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December 04, 2017, 09:34:42 AM
 #347

What would be the purpose of going for 100:1 coin swap? It would still have the same value at the end and probably a lots of problems in between.
Your suggestions are just cosmetics and will not change the value of the coin.

Wallet on Cryptopia is back to normal operation.
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December 04, 2017, 04:07:10 PM
 #348

What would be the purpose of going for 100:1 coin swap? It would still have the same value at the end and probably a lots of problems in between.
Your suggestions are just cosmetics and will not change the value of the coin.

Wallet on Cryptopia is back to normal operation.

If you read my previous messages you see I already offered a lot of things:  add PoS,  make PoW difficulty retargeting every block.  Also the coin needs performance improvement since consumes 1,5 GB of RAM and writes wallet.dat to disk all the time overloading hard disk.   But swap 100:1 is necesary I think.   If bitcoin still grow the price of Q2C can fall to 1 sat with current supply and there are few exchangers support price lower than 1 sat.

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December 04, 2017, 06:48:09 PM
 #349

In which way did you offer PoS? We already know that it would be the best option to have PoW/PoS hybrid but so far no one is willing to commit to develop this for Q2C.
Retargeting difficulty every block will not make any improvement during really big hash rate oscillations because required work (difficulty) for next block is based on previous difficulty for x number of previous blocks. We need more stable network and everything will be fine.
Regarding performance I really don't know. My wallet is taking about 870MB of RAM.
The value of Qubitcoin didn't change much as Bitcoin value was going up. I think coin swap would give us more problems then benefit.

I will try to arrange another pool since you are taking yours down.
 
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December 07, 2017, 12:13:13 PM
 #350

It is up to you how you are going to use your sources. I just don't get how you concluded that this coin is dead?!

-it has only 1 pool with 1 miner
-trade volume at cryptopia: 0.01 for last 24h,   in average even less
-wallet at cryptopia is on maintanance,  it seems already for a month
-no updates for many months

Hello.

Right now, your pool is the ony way for me to get CCminer working with wallet. (get_work is missing from current version of wallet)

So thanks for all the resources. Wink
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December 07, 2017, 01:46:45 PM
 #351

It is up to you how you are going to use your sources. I just don't get how you concluded that this coin is dead?!

-it has only 1 pool with 1 miner
-trade volume at cryptopia: 0.01 for last 24h,   in average even less
-wallet at cryptopia is on maintanance,  it seems already for a month
-no updates for many months

Hello.

Right now, your pool is the ony way for me to get CCminer working with wallet. (get_work is missing from current version of wallet)

So thanks for all the resources. Wink

i'm sorry but this coin is for ASIC mining,   you should not spend your time with GPU and ccminer

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December 07, 2017, 08:11:45 PM
 #352

It is up to you how you are going to use your sources. I just don't get how you concluded that this coin is dead?!

-it has only 1 pool with 1 miner
-trade volume at cryptopia: 0.01 for last 24h,   in average even less
-wallet at cryptopia is on maintanance,  it seems already for a month
-no updates for many months

Hello.

Right now, your pool is the ony way for me to get CCminer working with wallet. (get_work is missing from current version of wallet)

So thanks for all the resources. Wink

i'm sorry but this coin is for ASIC mining,   you should not spend your time with GPU and ccminer

Wait, there are ASICs for Qubit??? Looks like I missed a lot of more during 3 years I was away from cryptostuff...
(Hm, time to hunt down some items on eBay for my collection of computing HW)

Anyway, I wasn't mining for long, just enough to get some Qubits and stopped. (Got around 30MH/s from Titan X Pascal...)
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December 07, 2017, 08:48:20 PM
 #353

It is up to you how you are going to use your sources. I just don't get how you concluded that this coin is dead?!

-it has only 1 pool with 1 miner
-trade volume at cryptopia: 0.01 for last 24h,   in average even less
-wallet at cryptopia is on maintanance,  it seems already for a month
-no updates for many months

Hello.

Right now, your pool is the ony way for me to get CCminer working with wallet. (get_work is missing from current version of wallet)

So thanks for all the resources. Wink

i'm sorry but this coin is for ASIC mining,   you should not spend your time with GPU and ccminer

Wait, there are ASICs for Qubit??? Looks like I missed a lot of more during 3 years I was away from cryptostuff...
(Hm, time to hunt down some items on eBay for my collection of computing HW)

Anyway, I wasn't mining for long, just enough to get some Qubits and stopped. (Got around 30MH/s from Titan X Pascal...)

At least "Baikal X10 Miner" ,  but it's 10 gh/s,  on my pool CryptoHub there were 1 miner with permanent hashrate 300 mh/s,  I think it's some ASIC

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December 07, 2017, 11:02:47 PM
 #354

It is up to you how you are going to use your sources. I just don't get how you concluded that this coin is dead?!

-it has only 1 pool with 1 miner
-trade volume at cryptopia: 0.01 for last 24h,   in average even less
-wallet at cryptopia is on maintanance,  it seems already for a month
-no updates for many months

Hello.

Right now, your pool is the ony way for me to get CCminer working with wallet. (get_work is missing from current version of wallet)

So thanks for all the resources. Wink
Apparently top end I can see on eBay is 450MH/s... Pity I don't have spare money. Would be nice addition to my collection.
i'm sorry but this coin is for ASIC mining,   you should not spend your time with GPU and ccminer

Wait, there are ASICs for Qubit??? Looks like I missed a lot of more during 3 years I was away from cryptostuff...
(Hm, time to hunt down some items on eBay for my collection of computing HW)

Anyway, I wasn't mining for long, just enough to get some Qubits and stopped. (Got around 30MH/s from Titan X Pascal...)

At least "Baikal X10 Miner" ,  but it's 10 gh/s,  on my pool CryptoHub there were 1 miner with permanent hashrate 300 mh/s,  I think it's some ASIC
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December 10, 2017, 10:41:42 PM
 #355

In which way did you offer PoS? We already know that it would be the best option to have PoW/PoS hybrid but so far no one is willing to commit to develop this for Q2C.
Retargeting difficulty every block will not make any improvement during really big hash rate oscillations because required work (difficulty) for next block is based on previous difficulty for x number of previous blocks. We need more stable network and everything will be fine.
Regarding performance I really don't know. My wallet is taking about 870MB of RAM.
The value of Qubitcoin didn't change much as Bitcoin value was going up. I think coin swap would give us more problems then benefit.

I will try to arrange another pool since you are taking yours down.
 

Have you created a pool for Q2C?  I'm about to close the pool Q2C  and I can write at cryptohub or even email directly to miners  to make them switch to your pool.  tell when you will be ready

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December 10, 2017, 11:37:42 PM
 #356

I am trying with UNOMP. Tried on Ubuntu 17.10 but it needs tweaking to properly install it.
I will try on on 14.04 as apparently there are no problems during installation.
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December 12, 2017, 10:39:49 PM
 #357

I managed to make the uNOMP pool running but still needs to be set up properly.
You can find it on address http://173.212.230.3:8080
It works with SGminer. To mine on the pool you can use port 3001 (there are two other port but this one will have var diff)
User name is you wallet address were you want to receive payouts and password can be anything (not important).
So 172.213.230.3:3032 user:(your wallet address) pass:(anything)

I will try to set it up correctly once I return home on Thursday...
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December 13, 2017, 10:03:08 PM
 #358

Cool Keep Calm and Always Use CoinMiners! QubitCoin has been added and ready in our pool!  Cool
You can use market wallet address for mining!

CoinMiners.Net

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Server located at Europe

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December 15, 2017, 08:56:34 AM
 #359

Hello again, have made any announced changes to the qubitcoin network? Is there any pos or pos hybrid?

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December 15, 2017, 09:04:17 AM
 #360

No hybrid for now.
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