[BTE] The Bytecoin Information Thread

[spacegoat]

hi bte family

I was wondering are there any ideas to help against asic 51% attacks?  I don't quite have the know-how to code yet, but I feel if someone could figure out how to take the 51% attack vulnerability the coin would have a guaranteed bright future.

I have been dabbling in terracoin, and the 51% attacks have been making my stomach drop to my toes, and I think alot of stomachs dropped to alot of toes actually.

just throwing it out there for development stimulus.  the first innovator to figure out 51% protection will be a bte hero

[Number6]

Added a fix for p2pool bytecoin until its gets hardcoded into the main tree

Fix makes sure your local p2pool find other pools instead of beeing alone in the dark.

https://bitcointalk.org/index.php?topic=169910.0

Added.

[Number6]

hi bte family

I was wondering are there any ideas to help against asic 51% attacks?  I don't quite have the know-how to code yet, but I feel if someone could figure out how to take the 51% attack vulnerability the coin would have a guaranteed bright future.

I have been dabbling in terracoin, and the 51% attacks have been making my stomach drop to my toes, and I think alot of stomachs dropped to alot of toes actually.

just throwing it out there for development stimulus.  the first innovator to figure out 51% protection will be a bte hero

It is so new that nothing is guaranteed. I am by no means an expert in any of this, but from what I have read I would think the best defense, which I believe we have going at least so far, is plenty of miners and plenty of pools. The more pools, and miners that are hopefully distributed evenly among these pools, we have the harder it would be for a individual or small group to come in and dominate the field, thus attempting a 51% attack.

I also think it is in the best interest of the pools to look out for this as well. My bitcoin miners participate in the BTC Guild pool, and I have seen they have a plan in place to try and discourage gaining too large of a membership. Basically, they plan to raise the pool fees if the pool hash rates start to go over 40% of the network hash rate.  They recognize that people will be scared off and lose confidence in bitcoin should one pool even approach 51% of processing power. It is in the best interests of everyone to try and avoid this scenario.

This same approach will also need to apply to bytecoin, since it is basically a 1:1 derivative of the bitcoin code. If enough people stick with it and pools and miners continue to be brought on board, in approximately proportional ratios, I think it may have a good chance of surviving. But only time will tell...

[Number6]

Added BTE Hashers Pool.

[Digigami]

I made a live orderbook here:
https://bitcointalk.org/index.php?topic=170157.0

[jubalix]

You forgot to mention to Premine by large block regarding in the beginning

[Number6]

I made a live orderbook here:
https://bitcointalk.org/index.php?topic=170157.0

Added, thanks!

[Come-from-Beyond]

Nice business-to-business (b2b) picture:



Created by Ls777 (https://bitcointalk.org/index.php?topic=168121.msg1759951#msg1759951)

[Number6]

Nice business-to-business (b2b) picture:



Created by Ls777 (https://bitcointalk.org/index.php?topic=168121.msg1759951#msg1759951)

Added graphic, thanks!

[Byte-Gox]

Nice business-to-business (b2b) picture:



Created by Ls777 (https://bitcointalk.org/index.php?topic=168121.msg1759951#msg1759951)

Nice Bytechips!!

[Number6]

Nice Bytechips!!

Yes, if nothing else Bytecoin has a nice looking logo.

[Number6]

Made a few minor edits.

[mig91]

are there any pps pools yet ? 

[Number6]

Update to reflect problems with The Bytecoin Pool   http://pool.bytecoin.in/    *Note: As of April 9, 2013 neither the balance or unconfirmed balances appear to be updating at this pool.

are there any pps pools yet ? 

I do not know, this thread is mainly compiled from what I can find on the forum regarding Bytecoin and from member input. If you find one let me know and I can add it.

[Number6]

Added ByteGox 2.0  http://www.bteex.com/ to exchange list.

[Anon136]

Added ByteGox 2.0  http://www.bteex.com/ to exchange list.

thanks much!

[Number6]

Added link for The Bytecoin Forum - http://forum.bytecoin.in/index.php

[Number6]

Lot of updates today!

Added the new RBCex Exchange - http://goo.gl/ON5Jb

[Number6]

Update to reflect problems with The Bytecoin Pool   http://pool.bytecoin.in/    *Note: As of April 9, 2013 neither the balance or unconfirmed balances appear to be updating at this pool.

Update April 10, 2013 - Seems the admin has resolved the issues and balances are updating once again.

[Number6]

Update: Added the LTC / BTE Exchange ~ LiteByteOX tot he exchange list.