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

[Dervana]

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

Nope, 20k 

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[Tobius]

this is indeed the RAREST crypto coin in the WORLD.

Good thing? Bad thing? Who knows. All I know is it seems that this is slightly impossible XD

[balu]

How does proof of stake work actually?

[markm]

GPUs are not out of work though! Merged mine! The Bitcoins pay for the electricity, and unless your electricity is particularly expensive where you are they also provide profit.

Then you basically get all seven or eight or however many it is types of merged mined coins for free.

The sites that claim to show you "profitability" only show the coins lots and lots of people are merged-mining, thus the ones you'll get the lowest numbers of. What they aren't showing you is how many of all the others you get with only a few CPU miners to compete against...

My tables-and-plots scripts put up a "latest rates" list as well as all the tables and plots, so for a quick run-down you can just grab

http://galaxies.mygamesonline.org/latestrates.inc

It is in a form suitable for use as an include file in shell scripts.

You can tell which asset the others are priced in terms of by looking which one is shown as rate of 1.00000000

You can convert the rates into being based on any of the others simply by dividing by the rate given for the one you want to list all the others in terms of.

-MarkM-

[rbdrbd]

I pulled my miners off (22,000 KH). Hopefully this will give others more of a chance to find a block.

I was finding one block about every minute up until I pulled them back to feathercoin...at around .3 bit bars now each block.

[ThingNL]

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.

Thanks.... I was halfway there.... Its running now.... see what happens...

[ElBurro]

Yes, and no one will mine it in few days because there won't be any block rewards nor transactions fees since one can send BTB without any transaction fees.

Cryptocoin Comedy Central 

Or increased demand will make it profitable to continue to mine. It certainly has happened before and the miners will be laughing all the way to the bank.

[Mushoz]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

[datguyian]

The difficulty is climbing insanely fast... Started not even an hour ago with 26k difficulty, now it's almost at 29k (cgminer numbers, not sure what that translates to).

[baka]

The difficulty is climbing insanely fast... Started not even an hour ago with 26k difficulty, now it's almost at 29k (cgminer numbers, not sure what that translates to).

it's 0.026 litecoin equivalent. anyone getting any? haven't found shit in over 2 hours, is 370kh/s too low for this diff?

[xorxor]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

[Mushoz]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

Makes sense, thanks for the explanation!

[kokojie]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

[Mushoz]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

[kokojie]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

[Mushoz]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long.

[mr_random]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long.

The coin value is determined purely by demand and supply.

[datguyian]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long.

I actually kind of like the concept of this, but I agree with you. If it does do that, I think it would take quite awhile. But I guess you also never know...

[ElBurro]

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs.

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

 reward = 100 / (diff ^ 1/6) for novacoin ,

 so here in BTB  it should be:

  reward = 1 / (diff ^ 1/6) .

So the coin is designed to be mined short periods of time, until the difficulty increases to unreasonable levels? I saw this happen to NVC last week; miners rush to cash in on high profitability, then the hash rate tanks for some time while the diff adjusts.

[Twerka]

Is there any indication on the client running on "server mode"?
I think I'm mining air.