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Author Topic: [ANN][Main] Bitcore- BTX - New algo is online!  (Read 713488 times)
juhakall
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April 14, 2018, 12:00:02 PM
 #15621

Omegapool has mined 52% of the last 100 blocks

Move along, nothing to see here.

A long post about Shariah acceptance or roadmaps should bury this notice soon enough.

Here it is, for I know scrolling is very hard.

If it isn't obvious. A pool being 51%, even if they were run by The Pope or Donald Trump or other pillars of honesty, should be of serious concern to everyone invested in BTX.
There was a single > 50% spike when the net hash dropped from ~135 to ~110 Gh/s for a little while, most likely when some other pool went offline.
Net hash is at ~125 Gh now and Omega is currently doing around 30-40% of the blocks which is fine.

--ypsi

Are you serious? Look into Selfish Mining. Even 25% is alarming.

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April 14, 2018, 12:29:20 PM
 #15622

For this airdrop, Do I need to be opening my wallet 7/24? Or it is okay as long as I have btx in my walleT?

As long as you have btx in your wallet address and the address is registered to receive airdrop.
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April 14, 2018, 12:48:47 PM
 #15623

For this airdrop, Do I need to be opening my wallet 7/24? Or it is okay as long as I have btx in my walleT?

If you think staking then you need to
have wallet opened 24/7.
For the airdrops there is no need to have
wallet opened 24/7.
If you have more than 1 BTX then you will
receive the 8% of total coins that you have in the address you
registered before.
I hope that is more clear now Grin
 

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April 14, 2018, 01:12:44 PM
 #15624

Omegapool has mined 52% of the last 100 blocks

Move along, nothing to see here.

A long post about Shariah acceptance or roadmaps should bury this notice soon enough.

I think this is a serious issue and should be addressed by the Bitcore team somehow (a statement to introduce the other existing pools to the community, contacting other pool owners to add Bitcore to their pool, etc.).

I'm not very technically savvy about such matters, but wouldn't a PoS mining model block this attack vector for good and all? This is what I was asking the BTX team to do a few months ago (and I saw others suggest along the same lines). I think it is possible to switch to the PoS model via an interim hybrid model so that nobody would be seriously affected by this switch. Are the BTX developers able to do that thing? Frankly speaking, I have yet to see them do anything of real value and true innovation cryptotechnology related besides just painting the BTX wallet with pink colors.

Correct me if I'm wrong on this, and then I will happily stand corrected.
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April 14, 2018, 01:41:30 PM
 #15625

Guys who are now mines in 1070 as with 6 cards out per day? ...

Mining with 6 GTX 1070's should get you around 1 to 1.2 BTX a day at the current price.

... Does it make sense to get a coin now?

Considering that the whole crypto market is kind of down at the moment (although signs of recovery are slowly appearing in the last few days), I still think mining makes sense if you have access to cheap electricity and want to hold the mined BTX for now.

Yes, if you believe the price of BTX will be higher when you sell, it does not matter what is the price now.
juhakall
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April 14, 2018, 01:41:37 PM
 #15626

Omegapool has mined 52% of the last 100 blocks

Move along, nothing to see here.

A long post about Shariah acceptance or roadmaps should bury this notice soon enough.

I think this is a serious issue and should be addressed by the Bitcore team somehow (a statement to introduce the other existing pools to the community, contacting other pool owners to add Bitcore to their pool, etc.).

I'm not very technically savvy about such matters, but wouldn't a PoS mining model block this attack vector for good and all? This is what I was asking the BTX team to do a few months ago (and I saw others suggest along the same lines). I think it is possible to switch to the PoS model via an interim hybrid model so that nobody would be seriously affected by this switch. Are the BTX developers able to do that thing? Frankly speaking, I have yet to see them do anything of real value and true innovation cryptotechnology related besides just painting the BTX wallet with pink colors.

Correct me if I'm wrong on this, and then I will happily stand corrected.

There's nothing wrong with the current mining model, except miners who for no rational reason flock to the biggest pool. Look at Bitcoin, pools there have operators who understand these things and the miners too understand their responsibilities better. The biggest pool is just barely 25%, exactly at the limits of this admittedly quite theoretical attack.

And isn't it obvious that making abrupt rule changes should only be used as a last resort when everything else has failed.

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April 14, 2018, 02:37:07 PM
 #15627

For this airdrop, Do I need to be opening my wallet 7/24? Or it is okay as long as I have btx in my walleT?

You do not need to open your wallet. Just register your wallet address for the air drop and keep some btx in the wallet.

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April 14, 2018, 02:40:15 PM
 #15628

Mining diff and hash is low because of price.  As time goes on hash will distribute better.  51% attack is harder because there is no Nicehash rental / ASIC available.

PoS is a cop out solution and shouldn't be considered as a "fix" by any means.

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April 14, 2018, 04:23:09 PM
 #15629

Mining diff and hash is low because of price.  As time goes on hash will distribute better.  51% attack is harder because there is no Nicehash rental / ASIC available.

PoS is a cop out solution and shouldn't be considered as a "fix" by any means.



It's not long since I last saw Omegapool touting themselves as the best pool to join... a pool that cares about the security of the network would CLOSE THEIR DOORS TO NEW MINERS at 40% and start educating miners about the issue at 30%. Haven't seen this kind of behaviour at all.

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April 14, 2018, 04:37:11 PM
 #15630

Probably stupid question, but why is Coin Market Cap reporting 66k Satoshi per BTX, when in fact you have to buy it with at least 71k Satoshi.
It leaves BTX much lowereed ranked as it should be.
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April 14, 2018, 05:06:07 PM
 #15631


There's nothing wrong with the current mining model, except miners who for no rational reason flock to the biggest pool.

I won't try to justify their behavior because it is bad on the aggregate, but for the individual there is a rational reason to explain it.

Simply, the earnings are most predictable and smooth when mining on the biggest pool. And it makes sense to avoid the very small pools (those less than say 5%)
But as soon as the pool gets near 15-20% and provided you'll be mining for a few hours if not days straight, there is practically no advantage any more in looking for a bigger pool.

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April 14, 2018, 05:09:10 PM
 #15632

Probably stupid question, but why is Coin Market Cap reporting 66k Satoshi per BTX, when in fact you have to buy it with at least 71k Satoshi.
It leaves BTX much lowereed ranked as it should be.

Coinmarketcap is very slow to update itself lately. It is not just Bitcore. I saw the same thing for the other small alts. They usually fix these problems manually if someone sends an email to notice them.




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April 14, 2018, 05:26:58 PM
 #15633

Probably stupid question, but why is Coin Market Cap reporting 66k Satoshi per BTX, when in fact you have to buy it with at least 71k Satoshi.
It leaves BTX much lowereed ranked as it should be.

Coinmarketcap is very slow to update itself lately. It is not just Bitcore. I saw the same thing for the other small alts. They usually fix these problems manually if someone sends an email to notice them.

I thought their program takes the price automaticaly from exchanges and makes a ponderate mean out of them.
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April 14, 2018, 05:42:06 PM
 #15634

Probably stupid question, but why is Coin Market Cap reporting 66k Satoshi per BTX, when in fact you have to buy it with at least 71k Satoshi.
It leaves BTX much lowereed ranked as it should be.

Coinmarketcap is very slow to update itself lately. It is not just Bitcore. I saw the same thing for the other small alts. They usually fix these problems manually if someone sends an email to notice them.

I thought their program takes the price automaticaly from exchanges and makes a ponderate mean out of them.

Off course it does automatically but with intervals of 15 minutes
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April 14, 2018, 06:21:14 PM
 #15635

Probably stupid question, but why is Coin Market Cap reporting 66k Satoshi per BTX, when in fact you have to buy it with at least 71k Satoshi.
It leaves BTX much lowereed ranked as it should be.

Hi you can check this excellent site for real time updates :

worldcoinindex.com
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April 14, 2018, 07:49:34 PM
 #15636

Hi
What about " Bitcore Crypto puzzles"
Was planed for March 2018, any info in near future?
Thank you

 
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juhakall
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April 14, 2018, 08:01:32 PM
 #15637


There's nothing wrong with the current mining model, except miners who for no rational reason flock to the biggest pool.

I won't try to justify their behavior because it is bad on the aggregate, but for the individual there is a rational reason to explain it.

Simply, the earnings are most predictable and smooth when mining on the biggest pool. And it makes sense to avoid the very small pools (those less than say 5%)
But as soon as the pool gets near 15-20% and provided you'll be mining for a few hours if not days straight, there is practically no advantage any more in looking for a bigger pool.

That's correct, assuming the pools bay pased on blocks being found. A PPS pool has no variance from blocks, even if you were the only miner with a single GPU.

BTW, to enjoy the least possible block variance, the strategy is to mine at each pool simultaneously weighted by their portion of network hashrate. Maintaining the status quo can be profitable this way.

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April 14, 2018, 08:04:53 PM
 #15638

Hi
What about " Bitcore Crypto puzzles"
Was planed for March 2018, any info in near future?
Thank you

I second this question. Make it showcase the SegWit support if possible! I'm wondering whether any of the new Lightning implementations are compatible.

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April 14, 2018, 08:30:41 PM
 #15639

Bitcore (BTX) all-in-one info added now here:

https://chatoncrypto.com/Crypto/C/30-BTX-Bitcore


Thanks.
Limx Dev
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April 14, 2018, 09:32:08 PM
 #15640

Bitcore (BTX) all-in-one info added now here:

https://chatoncrypto.com/Crypto/C/30-BTX-Bitcore


Thanks.

Added to our ANN...

Kind Regards Christian

Bitcore BTX - Bitsend BSD - Bitloud BTDX - Megacoin MΣC
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