*update client [ANN] BitBar New POW-POS scrypt CryptoCoin

[Rubberduckie]

conf name?

BitBar

thx

[relm9]

Uh... well, sounds more promising than CHNCoin.

I'm running it in a sandbox but the source looks clean.

[markm]

get only orphan
i give up  

this is a "natural" way of rising starting diff. i got 200 orphans and 5 accepted

There is nothing "natural" about it, difficulty was deliberately set insanely low to enable rapid pre-mining of the coin.

The "natural" way to start WITHOUT a pre-mine is to set the difficulty to a level where if the usual number of miners jump aboard they will hopefully be enough to not make it take a lot longer than the target block-time between blocks right from the outset. Certainly not massively LESS than target.

Instead it was set up to enable an instant pre-mine.

-MarkM-

[baka]

I think they waited a microsecond before mining so it doesn't count as pre-mine.

[kzetts]

1 Accepted(nothing in my wallet, so I assume orphan?) and 250 rejected. What gives?

[treiq]

CHNCoin all over again, mined it for 16 hours and haven't gotten dick yet. Guess i'm back to FTC.

[shakezula]

Do I need --scrypt to mine this? It looks more like the BTC wallet than the NovaCoin wallet, yet it says scrypt...anyone?

[baka]

10 accepted so far, and 2.2 BTB in wallet in "Immature" whatever the hell that is.

[ImI]

same here. transactions popping up and are gone the next second.

[markm]

It *is* a pre-mine. The people mining it right now are the pre-miners, pre-mining it.

Maybe once the difficulty adjusts to a point where the target time between blocks is attained then it could be said to have shifted from pre-mining mode to normal mining mode.

But that should have been the case from the start, by setting the initial difficulty correctly based on the fact this is not 2009 anymore.

Really a new coin should be taking a few hours of more miners jumping on it before it even has enough miners to find blocks as fast as its target time, initially with only the first few miners it should be taking a lot longer than the target.

-MarkM-

[r3animation]

Do I need --scrypt to mine this? It looks more like the BTC wallet than the NovaCoin wallet, yet it says scrypt...anyone?

its scrypt

[Rubberduckie]

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

[shakezula]

Strange, with --scrypt in my cgminer line I get nothing but New Block detected. With out it, I got a few rejects, but only ran it a minute or two...

Can someone with a block or two post their cgminer config?

[markm]

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

No, it is not, because the difficulty is INSANELY low, not merely low.

Until a decent number of miners jump on it it should be taking a lot longer per block than its target time, not less time than its target time.

It is a deliberately pre-mined coin and what you are seeing is it being pre-mined right before your eyes.

You are actually watching the pre-mining happening, and even attempting to participate in pre-mining it.

-MarkM-

[ImI]

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

No, it is not, because the difficulty is INSANELY low, not merely low.

Until a decent number of miners jump on it it should be taking a lot longer per block than its target time, not less time than its target time.

It is a deliberately pre-mined coin and what you are seeing is it being pre-mined right before your eyes.

-MarkM-

this scheme will gon on until there is no "market" for such coins anymore

[r3animation]

Strange, with --scrypt in my cgminer line I get nothing but New Block detected. With out it, I got a few rejects, but only ran it a minute or two...

Can someone with a block or two post their cgminer config?

any feathercoin or litecoin config will work. i'm using my litecoin config and just changed the host address.

[ImI]

i am getting orphans only. i guess its a netwotk-connection thing?

[shakezula]

Strange, with --scrypt in my cgminer line I get nothing but New Block detected. With out it, I got a few rejects, but only ran it a minute or two...

Can someone with a block or two post their cgminer config?

any feathercoin or litecoin config will work. i'm using my litecoin config and just changed the host address.

Excellent, so you're mining with --scrypt and you've found a block? I'm trying now, haven't seen one yet, will try to be more patient!

[ElBurro]

I have 30 immature
I dont think this will fly, no one will mine for a day to get a .6 payout.

[relm9]

Having way better luck with this than CHNCoin, which gave me like 90% orphans when it was at low difficulty. About a 50/50 split so far with this coin. Found 12 blocks so far.