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Author Topic: [ANN][XCN] Cryptonite - NEW Thread | 1st mini-blockchain coin | Bounties!  (Read 155940 times)
Vaccinus
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June 10, 2017, 10:35:08 AM
 #1141

yeah very profitable, but how much i can do with a single 1070 with this coin? the calculator is wrong on suprnova  can't find anyway  good calculator for this one? also what is the hashrate of a 1080ti here? thanks

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bogdanb
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June 10, 2017, 11:16:26 AM
 #1142

yeah very profitable, but how much i can do with a single 1070 with this coin? the calculator is wrong on suprnova  can't find anyway  good calculator for this one? also what is the hashrate of a 1080ti here? thanks

i make around 13 mh with nvidia 1070 (in windows). others say over 15mh, but depends on the drivers and cuda version you use, i could not make my gpu-s to make over 13.5mh.
calculator on whattomine is accurate now if you know your hashrate, i tested it, you have it "active (not listed)" here: http://whattomine.com/coins/184-xcn-m7
hashrate for 1080 i do not know, i do not have one. maybe you can test it and let us know.
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June 10, 2017, 11:53:42 AM
 #1143

@gnasirator: your ideas are interesting, but to create a block you will still need to solve some kind of "problem", otherwise you would have a lot of blocks created together and no way to tell which one to keep. Also every time a transaction is made, the nodes would generate a block, making too many of them.

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June 10, 2017, 09:35:45 PM
 #1144

Hashrates for r9 390 and r7 370 using Claymore?
bogdanb
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June 10, 2017, 09:43:50 PM
 #1145

Hashrates for r9 390 and r7 370 using Claymore?

do you have an working amd miner? claymore xcn amd do not work on suprnova.
gnasirator
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June 11, 2017, 01:11:45 AM
 #1146

@gnasirator: your ideas are interesting, but to create a block you will still need to solve some kind of "problem", otherwise you would have a lot of blocks created together and no way to tell which one to keep. Also every time a transaction is made, the nodes would generate a block, making too many of them.

yeah well, the concept is still in its drafting phase. I'm open for suggestions Smiley
How about the mining concept itself stays the way it is - still doing its lottery thing. But with block rewards based on found transactions, there would be no incentive to increase my hashrate. On the contrary, everybody would try to keep his hash rate at the minimum so that he would still be taking part in the mining process but use as little resources as possible for it. That means, projecting it to the extreme, every node would do a single hash per change in the building of its block per round. That would be quite economical, solve the consensus finding AND save resources.
The difficulty would auto-adjust by not going up but going down as much as necessary so that there's still one block per minute found.

XCN: CJSECkHi7tTTTA1ze9qYRkkUCKfFiF8EEG
George5
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June 11, 2017, 01:19:24 AM
 #1147

gnasirator, I like the idea of switching from PoW to PoS. Also, implementing masternodes would be a nice bonus.
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June 11, 2017, 02:03:38 AM
 #1148

Hashrates for r9 390 and r7 370 using Claymore?

do you have an working amd miner? claymore xcn amd do not work on suprnova.

I didn't know that, I was thinking about switching my machines to it. So I guess I really cant mine this.
CRYPTONAIRE
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June 11, 2017, 10:51:05 AM
 #1149

@gnasirator: your ideas are interesting, but to create a block you will still need to solve some kind of "problem", otherwise you would have a lot of blocks created together and no way to tell which one to keep. Also every time a transaction is made, the nodes would generate a block, making too many of them.

Interesting ideas indeed, but wrong solution to the problems, which are, as Gnasirator says:

1  Energy consumption
2  Poor distribution

The best solution which I have discovered so far appears to  be Proof of Capacity, as implemented in Burstcoin.

I'd be genuinely interested to know what you think of that protocol, and whether or not it may be technically feasible to incorporate it into a mini-blockchain coin. 

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June 11, 2017, 10:54:32 AM
 #1150

gnasirator, I like the idea of switching from PoW to PoS. Also, implementing masternodes would be a nice bonus.

Long-term, this would be a great move for XCN, but not yet.

A much wider coin distribution is required first.  Remember, only 18% of the max coin supply is in existence currently.

Let's get it up to > 50% before POS//masternodes are introduced in place of mining.

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★★★  Attention!!  The FinanceCloud API is coming; see link under avatar!!  ★★★
pallas
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June 11, 2017, 11:31:42 AM
 #1151

...and remember that the minting method is only a part of the story, when talking about distribution.
Proof of capacity may bring less miner centralisation, but it's still something that can be developed to a professional level.

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June 11, 2017, 01:54:20 PM
 #1152

Novaexchange: "We will first test deposit and withdrawal and if it works we will open markets and enable deposits and withdrawals." :-)

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June 11, 2017, 02:10:07 PM
 #1153

Novaexchange: "We will first test deposit and withdrawal and if it works we will open markets and enable deposits and withdrawals." :-)

finnaly! should be 1-2 hours to test deposits and withdraws, after 1 month of "processing". hope we will see xcn listed by tomorrow?
turn over
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June 11, 2017, 02:33:37 PM
 #1154

gnasirator, I like the idea of switching from PoW to PoS. Also, implementing masternodes would be a nice bonus.

Long-term, this would be a great move for XCN, but not yet.

A much wider coin distribution is required first.  Remember, only 18% of the max coin supply is in existence currently.

Let's get it up to > 50% before POS//masternodes are introduced in place of mining.
It's nice to see the team re-develop and I support pow / pos mixed mining

gnasirator
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June 12, 2017, 06:15:29 AM
 #1155

@gnasirator: your ideas are interesting, but to create a block you will still need to solve some kind of "problem", otherwise you would have a lot of blocks created together and no way to tell which one to keep. Also every time a transaction is made, the nodes would generate a block, making too many of them.

Interesting ideas indeed, but wrong solution to the problems, which are, as Gnasirator says:

1  Energy consumption
2  Poor distribution

The best solution which I have discovered so far appears to  be Proof of Capacity, as implemented in Burstcoin.

I'd be genuinely interested to know what you think of that protocol, and whether or not it may be technically feasible to incorporate it into a mini-blockchain coin.  

Hmm, PoC is interesting, too. But it fails to address the problem I'm trying to solve:
Whatever scarce resource we take for mining, sooner or later there will be one entity having most of it and therefore dominating the whole mining scene. PoC will lead to someone having MASSIVE datacenters full of old-fashioned mechanical hard drives - well at least it wouldn't use as much energy as PoW.
PoS is the same - whoever has the biggest share of money at one point generates most income. It's actually even worse because the rewards are completely independent of any contribution to the network (transaction processing).

My point was that instead of searching for a better scarce resource, we should take the incentive away which is leading to this concentration of resources in the first place, by changing the reward system. As long as there are rewards encouraging people to somehow get more of a share than others, there will be someone figuring out a way how to do it.

So instead, the new reward system would have to pay all participants in a predictable way based on useful contribution to the network. And the only actually useful contribution to the network is processing of new transactions, managing account databases and maybe acting as a block explorer - all of which doesn't use much resources at all. That's what it's about and that's what should be rewarded. So whoever helps with that processing, gets a reward proportional to created value in the network. And that proportion could just as well be the same number as every other participant gets, because just by being online and forwarding/processing transactions, he's helping the network.
This way, there will be no incentive for anyone to throw more resources into the game because there's nothing to gain for him - just as there wouldn't be any benefit for the network! Still, he would have an incentive to stay online and contribute because otherwise, he'll get nothing. This sort of mining should easily run in the background, using 1-2% of cpu time max. Same goes for network usage because there would suddenly be a lot more miners as there are now, simply because it has suddenly become cheap to run a miner. This would allow the network to grow and make the coin actually useable as real money.

I'm convinced that whichever coin ends up being "the one coin" for everybody to use, it would have to use a mining approach that somewhat resembles these ideas.

There is one downside to this approach though:
It wouldn't be possible any more to jump at a fresh alt coin and generate some quick buck with your high-spec mining gear. But for that, we have plenty of regular coins out there Smiley

edit: I might add that a hybrid PoS / Proof-of-Contribution (above) might also be good. I do like the idea of stakeholders being vested in the currency and therefore trying to keep harm from the system.

XCN: CJSECkHi7tTTTA1ze9qYRkkUCKfFiF8EEG
pallas
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June 12, 2017, 04:15:09 PM
 #1156

New block explorer:

http://xcn-explorer.miners-zone.net/

Please test it.

Thanks!

ZeDRoYMaN
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June 13, 2017, 07:08:11 PM
 #1157

Devs please contact with Support Poloniex about frozen wallet (without withdraw).
Community have problem with old exchange but voice for new ((
Peace and quiet.
pallas
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June 14, 2017, 10:51:45 AM
 #1158

someone on btc38 is pumping xcn again big!
the chinese really love our coin ;-)

Diegox
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June 14, 2017, 10:53:31 AM
 #1159

someone on btc38 is pumping xcn again big!
the chinese really love our coin ;-)

Is there some upcoming news or it's just an instant p&d ?

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pallas
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June 14, 2017, 10:54:52 AM
 #1160

someone on btc38 is pumping xcn again big!
the chinese really love our coin ;-)

Is there some upcoming news or it's just an instant p&d ?

Not that I know of... But I don't read chinese :-)

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