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Author Topic: [NEW CURRENCY] Maria 2.0 was banned, here is her proof. The birth of Bytecoin!  (Read 101995 times)
Anon136
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April 10, 2013, 11:29:35 PM
 #621

can someone fill me in, I heard that byte coin might be fairly invulnerable to 51% attacks with the BTC retargeting

is this true, can someone give me the rundown?  I just lost alot of faith in alternate coins from seeing my investment in terracoin cut in half with the system froze.  it was whacker than whack, but I have heard bte isn't as affected by 51% attacks is this true, can someone explain this to me real quick?

much appreciated

bte is a perfect clone of bitcoin. It has all of bitcoins strengths and weaknesses. Bitcoin can be 51% attacked so can bytecoin.

so... what's stopping asics from doing to bytecoin what they did to terracoin?  anything? 

we are the bytecoin community, you and me and a hand full of other people. So long as we understand that a 51% attack can only do very limited damage than we wont be shaken out of our position because of it. Its important to understand that a 51% attack doesnt destroy the network, it just puts it on hold for a little while. and all the time that a person is 51% attacking is costing them lots of money, so eventually the attack will end and things will return to normal.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
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WiseOldOwl
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April 11, 2013, 12:59:17 AM
 #622

Ive tried everything to get solo mining.
Any suggestions, Im using windows
my bitcoin.conf is as follows

server=1
rpcuser=username
rpcpassword=password
rpcport=4466

What should I do?




Got it handled,

The conf file needs to go in the %APPDATA% for bytecoin (it says %appdir% in the walkthrough in the beginning of this thread), and not in the directory were it unzips. Hope this helps a few people.

*Edit
New problem, Computer turns off after mining for a few minutes...
I dont think it is overheating (pretty sure its not that)
Im using guiminer opencl.
Its not just bytecoin, it was happening when i mined bitcoins too.
Any thoughts?
Walter Rothbard
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Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm


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April 11, 2013, 02:32:15 AM
 #623

can someone fill me in, I heard that byte coin might be fairly invulnerable to 51% attacks with the BTC retargeting

is this true, can someone give me the rundown?  I just lost alot of faith in alternate coins from seeing my investment in terracoin cut in half with the system froze.  it was whacker than whack, but I have heard bte isn't as affected by 51% attacks is this true, can someone explain this to me real quick?

much appreciated

bte is a perfect clone of bitcoin. It has all of bitcoins strengths and weaknesses. Bitcoin can be 51% attacked so can bytecoin.

so... what's stopping asics from doing to bytecoin what they did to terracoin?  anything? 

we are the bytecoin community, you and me and a hand full of other people. So long as we understand that a 51% attack can only do very limited damage than we wont be shaken out of our position because of it. Its important to understand that a 51% attack doesnt destroy the network, it just puts it on hold for a little while. and all the time that a person is 51% attacking is costing them lots of money, so eventually the attack will end and things will return to normal.

BBQcoin had a 51% attack early in its history.  It's now ancient history.  BBQcoin is a perfectly viable coin at this point in time.

As you say, a 51% attack does not destroy the network, and can really only do limited damage.

In the future, as alt-coin supporters have more hashing power, this will be much less of an issue.

ProfMac
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April 11, 2013, 12:29:33 PM
 #624

Ive tried everything to get solo mining.
Any suggestions, Im using windows
my bitcoin.conf is as follows

server=1
rpcuser=username
rpcpassword=password
rpcport=4466

What should I do?




Got it handled,

The conf file needs to go in the %APPDATA% for bytecoin (it says %appdir% in the walkthrough in the beginning of this thread), and not in the directory were it unzips. Hope this helps a few people.

*Edit
New problem, Computer turns off after mining for a few minutes...
I dont think it is overheating (pretty sure its not that)
Im using guiminer opencl.
Its not just bytecoin, it was happening when i mined bitcoins too.
Any thoughts?

I am using GUIMiner.  I can connect to Slush or BTCGuild with bitcoin and mine ok.  I have not been able to connect to radon, pool8, or http://pool.bytecoin.in
Has anyone had success with GUIMiner and Bytecoin?

I try to be respectful and informed.
LucasJones
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April 11, 2013, 01:10:37 PM
 #625

I am using GUIMiner.  I can connect to Slush or BTCGuild with bitcoin and mine ok.  I have not been able to connect to radon, pool8, or http://pool.bytecoin.in
Has anyone had success with GUIMiner and Bytecoin?

GUIMiner is incompatible with p2pool.

I know that at least radon and pool8 are p2pool, and bytecoin.in could be too.

This has been discussed already, the best solution is to just use another miner, if you can.

Tip jars: BTC 1DmCj5fVACDoAZHy5PeKs274xvuwpZ42RM
ProfMac
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April 11, 2013, 05:11:15 PM
 #626

I am using GUIMiner.  I can connect to Slush or BTCGuild with bitcoin and mine ok.  I have not been able to connect to radon, pool8, or http://pool.bytecoin.in
Has anyone had success with GUIMiner and Bytecoin?

GUIMiner is incompatible with p2pool.

I know that at least radon and pool8 are p2pool, and bytecoin.in could be too.

This has been discussed already, the best solution is to just use another miner, if you can.

I remember reading that.  I could not find the posting it in several minutes of searching. 

Assuming that we want more users, and more miners, it would be good to post a summary of known working miners, pools, and sample configurations.

Is there a consensus of whether p2pool or GUIMiner is broken? 

I try to be respectful and informed.
saigo
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April 11, 2013, 10:07:08 PM
 #627

I am using GUIMiner.  I can connect to Slush or BTCGuild with bitcoin and mine ok.  I have not been able to connect to radon, pool8, or http://pool.bytecoin.in
Has anyone had success with GUIMiner and Bytecoin?

GUIMiner is incompatible with p2pool.

I know that at least radon and pool8 are p2pool, and bytecoin.in could be too.

This has been discussed already, the best solution is to just use another miner, if you can.

I remember reading that.  I could not find the posting it in several minutes of searching. 

Assuming that we want more users, and more miners, it would be good to post a summary of known working miners, pools, and sample configurations.

Is there a consensus of whether p2pool or GUIMiner is broken? 


This is a good start, add to this https://bitcointalk.org/index.php?topic=169559.0

Saigō Takamori : ( 1828 – 1877) was one of the most influential samurai in Japanese history. He has been dubbed the last true samurai.
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April 11, 2013, 11:25:41 PM
 #628

If someone wants i have 150BTE to sell

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Come-from-Beyond
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Newbie


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April 11, 2013, 11:26:48 PM
 #629

If someone wants i have 150BTE to sell

0.05 BTC ?
LucasJones
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April 12, 2013, 01:14:29 AM
 #630

Just to let people know, the bytecoin faucet pool is now back up, thanks to hosting provided by Digigami!

Only a 1% fee, point your miners at http://bytecoinpool.us.to:6327/

Tip jars: BTC 1DmCj5fVACDoAZHy5PeKs274xvuwpZ42RM
frga13
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April 12, 2013, 01:30:37 AM
 #631

If someone wants i have 150BTE to sell

0.25 LTC?

chris200x9
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April 12, 2013, 01:35:02 AM
 #632

If someone wants i have 150BTE to sell

0.07 btc?

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Grover
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I was thinking Stay Puft, but Gozer said Grover


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April 12, 2013, 01:48:44 AM
 #633

Eh Bytecoin.

I like my idea for a new coin much better.  Of course I would it's my idea.

The new coin is called KingCoinTM, Copyright 2013, (R).  Proof of work is complete a level of Donkey Kong that has a many floors as there are in the Empire State Building.  plus 15% of the coins value is indexed against all other digi-coins that have over $100mil market cap.

The Donkey Kong will have captchas to make sure people are playing and not bots.

Also this is KingCoin RC2 since RC1 had guess a number between 0 and 99 as proof of work.  So we have a major step forward with this release.

The Donkey Kong game has a built in AI that varies difficulty based on the player's ability, and the payouts have a funky cool algo to make sure that more experienced players cannot game the system and take over the network.

This coin will be as truly Democratic as a coin can be and be digital.  There will be none of this I have 50k to drop on ASICs or GPUs for LTC and can mine more cons than most people so I get to make more coin.  Anyone with access to the net can play King Coin, and the game saves in progress any time.
WiseOldOwl
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April 12, 2013, 01:54:25 AM
 #634

BTE <-> LTC

https://docs.google.com/spreadsheet/ccc?key=0Alm0J1q_7-D9dFA3VF9WSGU3OHhjNHdlVWVNU3dJMUE#gid=0
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April 12, 2013, 02:02:03 AM
 #635

Eh Bytecoin.

I like my idea for a new coin much better.  Of course I would it's my idea.

The new coin is called KingCoinTM, Copyright 2013, (R).  Proof of work is complete a level of Donkey Kong that has a many floors as there are in the Empire State Building.  plus 15% of the coins value is indexed against all other digi-coins that have over $100mil market cap.

The Donkey Kong will have captchas to make sure people are playing and not bots.

Also this is KingCoin RC2 since RC1 had guess a number between 0 and 99 as proof of work.  So we have a major step forward with this release.

The Donkey Kong game has a built in AI that varies difficulty based on the player's ability, and the payouts have a funky cool algo to make sure that more experienced players cannot game the system and take over the network.

This coin will be as truly Democratic as a coin can be and be digital.  There will be none of this I have 50k to drop on ASICs or GPUs for LTC and can mine more cons than most people so I get to make more coin.  Anyone with access to the net can play King Coin, and the game saves in progress any time.

 Cool Cool Cool

http://www.youtube.com/watch?v=TAryFIuRxmQ

BTE- 8UvdysHU3HugiAGSWDn9hTvEbCe1kJmkZ5
LucasJones
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April 12, 2013, 08:20:27 AM
 #636

Hey everyone,

I just launched the bytecoin emerald site. It's still in beta, so there might be bugs, just PM me or let me know on the topic if there are Smiley

If you want to try it out, it's over here:

http://bytecoin.us.to:9000/

Tip jars: BTC 1DmCj5fVACDoAZHy5PeKs274xvuwpZ42RM
aadje93
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April 13, 2013, 09:27:26 AM
 #637

I have a little question about the bytecoinpool When does my balance get "confirmed"

And at what time do you expect to implement PPS (i like steady payout, but until today the pools were all around 5-6ghash, so it didnt help me getting to a pool instead of solo mining bytecoin, now mining @ bytecoin pool with my 4ghash Smiley (aadje93 on bytecoin pool)

And lastly, i would like to see a worker time-out warning (like ~no shares from worker X in the last 15 minutes warning message when you get on the site, shouldn't be that hard to code hopefully.

If you could help me with the confirmed/unconfirmed balance thing i would be happy Smiley


kind regards

aadje93

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April 13, 2013, 12:07:36 PM
 #638

how is bytecoin doing?

BTE- 8UvdysHU3HugiAGSWDn9hTvEbCe1kJmkZ5
Anon136
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April 13, 2013, 12:42:01 PM
 #639

how is bytecoin doing?

its doing very well! we have more than enough hashing power now to keep this train rolling. The future looks bright.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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April 13, 2013, 02:33:08 PM
 #640

can someone fill me in, I heard that byte coin might be fairly invulnerable to 51% attacks with the BTC retargeting

is this true, can someone give me the rundown?  I just lost alot of faith in alternate coins from seeing my investment in terracoin cut in half with the system froze.  it was whacker than whack, but I have heard bte isn't as affected by 51% attacks is this true, can someone explain this to me real quick?

much appreciated

bte is a perfect clone of bitcoin. It has all of bitcoins strengths and weaknesses. Bitcoin can be 51% attacked so can bytecoin.

so... what's stopping asics from doing to bytecoin what they did to terracoin?  anything?  

we are the bytecoin community, you and me and a hand full of other people. So long as we understand that a 51% attack can only do very limited damage than we wont be shaken out of our position because of it. Its important to understand that a 51% attack doesnt destroy the network, it just puts it on hold for a little while. and all the time that a person is 51% attacking is costing them lots of money, so eventually the attack will end and things will return to normal.

BBQcoin had a 51% attack early in its history.  It's now ancient history.  BBQcoin is a perfectly viable coin at this point in time.

As you say, a 51% attack does not destroy the network, and can really only do limited damage.

In the future, as alt-coin supporters have more hashing power, this will be much less of an issue.


The 51% attack is not what any of the alt-coins should be concerned about. The only thing a 51% attack does for the "attacker" is allow very easy double-spends. When he/she has enough hash power to create a chain faster then the rest of the network, he/she will build a chain in private and when ready place that chain on the live network he/she is targeting. The "attackers" chain is longer, so the client/daemons will adopt the attackers chain as the "valid" chain.

This allows the "attacker" to reverse transactions, allowing him/her to double spend at will. However, notice the second part of this attack, he/she has to have somebody/something to trade the coins for in order for the double spends to mean anything. Once this happens, it becomes easy to see the "attack" and his/her trading partners simply stop taking transactions. This stops the usefulness of the attack.

What we will see is a difficulty type of attack to kill an alt-chain. There are two types of this kind of attack.I will start with the one TRC is going through now.

1. TRC is being manipulated by somebody with an ASIC. He/she is basically ramping up the difficulty by running his/her ASIC until the difficulty hits a certain height. When his/her target difficulty is reached, he/she points the ASIC elsewhere, and waits for the difficulty to plummet. Once the difficulty floors out he/she points the ASIC back at TRC generating blocks extremely fast and hence generating a large amount of TRC for him/herself. The solution to this, besides my recommendation of ASIC hardening or changing to PPC type difficulty targeting , is to increase the amount of time (time is measured in number of blocks with cryptocoin clients/daemons) between difficulty switches or increase the averaging length for calculating difficulty.

However, those solutions allow attack number 2 to happen:

2.Use an ASIC(s) to ramp up the difficulty to absurd levels and simply stop mining that chain. With long adjustment and averaging times, it can take a long time for the difficulty to come back down to a level acceptable for the user base. During this time the chain will essentially become frozen as blocks can take hours, even days to solve. If the attacker wants to, he/she can simply wait until the difficulty hits a certain level, and once again point his/her ASIC(s) at the chain until the difficulty get absurd again. This will effectively kill the chain.

FRC went through this a couple of months ago, though I do not believe it was an attack but more the symptom of a balloon growth of mining. With so many coins being brought to market, hash-rate got diluted. FRC has a longer averaging time and difficulty switch time than average and it took a good month(s) or so for the difficulty to drop down to a reasonable level compared to users. FRC caught a break , as it's difficulty drop happened right in the middle of the HUGE rally that occurred among all the coins a few weeks ago, it survived and it's difficulty is pretty consistent with its current user base.


Anyway, just throwing that out there. The developers of SHA-256 alt-coins are either going to harden against ASIC or adopt a PPC like difficulty algo. I fear otherwise these chains will be destroyed and fail, not on their merits or the natural death of free market decision, but by people who happen to have technology not available to 99.99% of the market.

I continue to look at using scrypt as a way to harden SHA-256 to ASIC's, not in the sense of making the SHA-256 coins into LTC/NVC clones, but just enough to cause ASIC's to lose their advantage over the GPU miners and allow these young coins to grow or die by natural market conditions.

Yes some people will use their ASIC(s) to help strengthen alt-coin chains,  but most honest people will mine BTC ($100 BTC = $2500 blocks). The hardcore BTC community will probably be the first and have the most ASIC(s), think about what their intentions for the alt-coins might be like.
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