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

[237]

Hopefully the next coin comes along for a quick early mine

Actually a lot better than a quick early mine is months and months and months of difficulty so low than even CPUs can mine.

BBQcoin, for example. Next up maybe Tenebrix or I0Coin or GRouPcoin or CoiLedCoin or GeistGeld, maybe each of them, one at a time, spaced out (i.e. wait until the getting rich from your CPU-mined BBQcoins phase is over before moving on to the getting rich on the next CPU-mined coin to come back into the limelight phase...)

-MarkM-

Interesting point. Didn't think of that.

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[rbdrbd]

someone slap a pool together

working on it...

[balu]

Damn it's too late. this one is already mined out. Too fast of a diff increase.

Hopefully the next coin comes along for a quick early mine

I don't understand you. The difficulty increase was so quick that it has reached its more rational balanced level. Unlike CNC or FTC that could be mined for a few days with 1 second block rewards. I still prefer it this way, WAY less "premine".

[rbdrbd]

someone slap a pool together

working on it...

Actually, spoke too soon. Looks like it requires code modifications to p2pool (network.py and possibly others). I am a python developer, but have no idea what's necessary here. If there are any p2pool gods, I'd be happy to host a pool, but will need some help making the necessary code modifications.

[r3animation]

1/2 hour and no block reject/accepts for me lol.

Time to switch back to LTC.

[Petr1fied]

There's little point to making a pool anyway. The reward for finding a block was 0.327 BTB, 10 minutes ago and it's falling with each block found.

You just need to make sure you add this to the cgminer flags:

Code:

-s 1 --expiry 1 --queue 0

Otherwise you'll just be mining stale blocks constantly. At least with the above you'll not waste any more time than is necessary on those stale blocks.

[jdebunt]

gonna let this solo mine overnight, not expecting much though...

[testz]

2 hours - all stales and 4! blocks what get orphaned 8-(
If someone more successful please send me some bitbar’s
B7nwW5waz3Hd93ohw6BGYpvFRoQyDk6Qyh

Thanks!

[ElBurro]

gonna let this solo mine overnight, not expecting much though...

I started mining with a payout of .675 now its dropped to .31. So yea you won't have a fatwallet in the morning. ha

[Petr1fied]

Yeah I think the reward will be zero by morning.

[Passion_ltc]

WTB BitBars! Offer BTC and CHNcoins!

[anderl]

Hopefully the next coin comes along for a quick early mine

Actually a lot better than a quick early mine is months and months and months of difficulty so low than even CPUs can mine.

BBQcoin, for example. Next up maybe Tenebrix or I0Coin or GRouPcoin or CoiLedCoin or GeistGeld, maybe each of them, one at a time, spaced out (i.e. wait until the getting rich from your CPU-mined BBQcoins phase is over before moving on to the getting rich on the next CPU-mined coin to come back into the limelight phase...)

-MarkM-

I blame the ASICS for this..    GPU farms that were mining bitcoins were put out of work so they moved over to the alt coins.  It is a recipe for disaster.  Any new coin that comes out will ramp up difficulty so fast that CPUs don't have a chance.  Good against botnets I guess.  But your average joe now has a harder time getting into CPU/GPU mining.  

Like like real mining.  Who sees an old school miner with a donkey and a pick axe anymore.  No instead a corporation comes in and literally grinds the top off a mountain sifts out the metals and poors the gravel back like that was how it alway was, then on to the next hill.

[ThingNL]

Anyone wanna share how to mine this stuff....?

[mc_lovin]

10 seconds between blocks...

[hdclover]

this is indeed the RAREST crypto coin in the WORLD.

[mc_lovin]

Anyone wanna share how to mine this stuff....?

Hardly worth the efforts, but you never know.  

Open your wallet app to start blockchain dl, then go to appdata directory (just hit start and type %appdata% and press enter), create file bitbar.conf with this info:

Code:

rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=9344
daemon=1
server=1
gen=0

block_nTime=1317972665
block_nNonce=2084524493

then point your miner to 127.0.0.1:9344 assuming you are soloing on just that box.  The rest is normal scrypt mining, look into LTC mining.

[jtmart007]

What's the current diff? I am seeing 19k+ on cgminer?? That can't be right.

[jimhsu]

someone slap a pool together

working on it...

Actually, spoke too soon. Looks like it requires code modifications to p2pool (network.py and possibly others). I am a python developer, but have no idea what's necessary here. If there are any p2pool gods, I'd be happy to host a pool, but will need some help making the necessary code modifications.

Yea, I tried that too. I remember that this was the case with PPC too?

[tacotime]

Reward algorithm:

Code:

int64 GetProofOfWorkReward(unsigned int nBits)
{
    CBigNum bnSubsidyLimit = MAX_MINT_PROOF_OF_WORK;
    CBigNum bnTarget;
    bnTarget.SetCompact(nBits);
    CBigNum bnTargetLimit = bnProofOfWorkLimit;
    bnTargetLimit.SetCompact(bnTargetLimit.GetCompact());

    // ppcoin: subsidy is cut in half every 64x multiply of difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nSubsidyLimit / nSubsidy) ** 6 == bnProofOfWorkLimit / bnTarget
    //
    // Human readable form:
    //
    // nSubsidy = 100 / (diff ^ 1/6)
    CBigNum bnLowerBound = CENT;
    CBigNum bnUpperBound = bnSubsidyLimit;
    while (bnLowerBound + CENT <= bnUpperBound)
    {
        CBigNum bnMidValue = (bnLowerBound + bnUpperBound) / 2;
        if (fDebug && GetBoolArg("-printcreation"))
            printf("GetProofOfWorkReward() : lower=%"PRI64d" upper=%"PRI64d" mid=%"PRI64d"\n", bnLowerBound.getuint64(), bnUpperBound.getuint64(), bnMidValue.getuint64());
        if (bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnTargetLimit > bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnTarget)
            bnUpperBound = bnMidValue;
        else
            bnLowerBound = bnMidValue;
    }

    int64 nSubsidy = bnUpperBound.getuint64();
    //nSubsidy = (nSubsidy / CENT) * CENT;
    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfWorkReward() : create=%s nBits=0x%08x nSubsidy=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nBits, nSubsidy);

    return min(nSubsidy, MAX_MINT_PROOF_OF_WORK);
}

Um, hm.  Versus PPC:

Code:

int64 GetProofOfWorkReward(unsigned int nBits)
{
    CBigNum bnSubsidyLimit = MAX_MINT_PROOF_OF_WORK;
    CBigNum bnTarget;
    bnTarget.SetCompact(nBits);
    CBigNum bnTargetLimit = bnProofOfWorkLimit;
    bnTargetLimit.SetCompact(bnTargetLimit.GetCompact());

    // ppcoin: subsidy is cut in half every 16x multiply of difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nSubsidyLimit / nSubsidy) ** 4 == bnProofOfWorkLimit / bnTarget
    CBigNum bnLowerBound = CENT;
    CBigNum bnUpperBound = bnSubsidyLimit;
    while (bnLowerBound + CENT <= bnUpperBound)
    {
        CBigNum bnMidValue = (bnLowerBound + bnUpperBound) / 2;
        if (fDebug && GetBoolArg("-printcreation"))
            printf("GetProofOfWorkReward() : lower=%"PRI64d" upper=%"PRI64d" mid=%"PRI64d"\n", bnLowerBound.getuint64(), bnUpperBound.getuint64(), bnMidValue.getuint64());
        if (bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnTargetLimit > bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnTarget)
            bnUpperBound = bnMidValue;
        else
            bnLowerBound = bnMidValue;
    }

    int64 nSubsidy = bnUpperBound.getuint64();
    nSubsidy = (nSubsidy / CENT) * CENT;
    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfWorkReward() : create=%s nBits=0x%08x nSubsidy=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nBits, nSubsidy);

    return min(nSubsidy, MAX_MINT_PROOF_OF_WORK);
}

[jimhsu]

What's the current diff? I am seeing 19k+ on cgminer?? That can't be right.

15:58:43
getdifficulty
15:58:43
{
"proof-of-work" : 0.30069789,
"proof-of-stake" : 0.00024414,
"search-interval" : 1
}

Maybe that?