[ANN][YAC] yacoin: yet another altcoin. START is now.

[markm]

to check if it has been pre mined, you need to be one of the first people to join the mining. then while you mine, see how many blocks have been generated by the network so far. If it's unreasonably large, then it was pre mined. i started mining when there were about 40 blocks on the network already. so i can defanately say that it wasn't pre mined

Bullshit.

Check the target time per block.

If the starting difficulty has been designed to ensure the first few miners rake in blocks way faster than the target tme, then you are not witness to the fact no pre-mine happened, you are in fact participating in pre-mining.

The whole scam is to deliberately use insanely low difficulty so that in very short time a huge pre-mine will be accomplished by those few people who get in on the pre-mine.

Once the difficulty reaches target, then maybe normal mining rather than pre-mining commences.

The start difficulty should be high enough that blocks will take far LONGER than target time UNLESS many miners get in on it.

Instead though the scammers deliberately set it way too low, so that an entire massive pre-mine can take place EVEN IF plenty of miners get in on it.

By recruiting miners into the pre-mine scam, they hope to basically bribe them into colluding with them in pulling off a huge pre-mine right in front of everyone's eyes.

-MarkM-

[Rannasha]

minerd.exe -a scrypt-jane --s 6 --threads x --url 127.0.0.1:x --userpass x:x

RED: Number of threads
GREEN: The port you did set in yacoin.conf( C:\USERS\USERNAME\AppData\Roaming\Yacoin)
BROWN: The username and the password you did also set in yacoin.conf . They must be separate with a " : ".

High thread count and low hash rate... Is this better than running only 8 threads (1 per core)?

No, there's no point in using more threads than you have cores (or double the amount of cores if you have HyperThreading from an i7). If you have equal or less threads than cores, each thread has a single core to run on, which is efficient. If you have more threads than cores, the OS has to let the threads take turns to compute things, which entails some overhead.

[shivansps]

to check if it has been pre mined, you need to be one of the first people to join the mining. then while you mine, see how many blocks have been generated by the network so far. If it's unreasonably large, then it was pre mined. i started mining when there were about 40 blocks on the network already. so i can defanately say that it wasn't pre mined

Bullshit.

Check the target time per block.

If the starting difficulty has been designed to ensure the first few miners rake in blocks way faster than the target tme, then you are not witness to the fact no pre-mine happened, you are in fact participating in pre-mining.

The whole scam is to deliberately use insanely low difficulty so that in very short time a huge pre-mine will be accomplished by those few people who get in on the pre-mine.

Once the difficulty reaches target, then maybe normal mining rather than pre-mining commences.

The start difficulty should be high enough that blocks will take far LONGER than target time UNLESS many miners get in on it.

Instead though the scammers deliberately set it way too low, so that an entire massive pre-mine can take place EVEN IF plenty of miners get in on it.

By recruiting miners into the pre-mine scam, they hope to basically bribe them into colluding with them in pulling off a huge pre-mine right in front of everyone's eyes.

-MarkM-

Disabling upnp adds to it too and im petty sure he hows about linux and AVX from start...

but tecnically is not pre-mine, i think it shoul be given another name.

[B0FF]

Code:

sudo apt-get install qt4-qmake libqt4-dev build-essential libboost-dev libboost-system-dev libboost-filesystem-dev libboost-program-options-dev libboost-thread-dev libssl-dev libdb4.8++-dev

I keep getting this when I enter the command line above

Code:

Package libdb4.8++-dev is not available, but is referred to by another package.
This may mean that the package is missing, has been obsoleted, or
is only available from another source

Is there a way around it. I want to get this working... but i'm new to linux

[markm]

Really love that im able to use my idle cpus from all my rigs at something=)

I don't think there has ever been a time when there was not at least one, and usually quite a few, coins you could rake in nicely with CPUs.

BBQcoin for example you had something like a year, maybe more, to rake in oodles of coins with your CPUs before the GPU people came back to it, it went on exchanges, and the CPU miners are now taking their exceedingly handsome pay for those long long long months of CPU mining it.

Meanwhile several other chains are still being lucratively mined by CPUs, some of the CPU miners hoping the GPUs come back soon drive the difficulty too high for CPUs and lobby to have the coin put on exchanges and soe others of the CPU miners hoping that will not happen for a few more months so they can build larger hoards of coins before it happens.

So if you have been letting your CPUs sit idle, that is not for lack of chains to mine, just maybe lack of foresight or, like all the people who missed out on Bitcoin's CPU-mining era, some idea that cryptocoins are not worth collecting.

-MarkM-

[kalgecin]

to check if it has been pre mined, you need to be one of the first people to join the mining. then while you mine, see how many blocks have been generated by the network so far. If it's unreasonably large, then it was pre mined. i started mining when there were about 40 blocks on the network already. so i can defanately say that it wasn't pre mined

Bullshit.

Check the target time per block.

If the starting difficulty has been designed to ensure the first few miners rake in blocks way faster than the target tme, then you are not witness to the fact no pre-mine happened, you are in fact participating in pre-mining.

The whole scam is to deliberately use insanely low difficulty so that in very short time a huge pre-mine will be accomplished by those few people who get in on the pre-mine.

Once the difficulty reaches target, then maybe normal mining rather than pre-mining commences.

The start difficulty should be high enough that blocks will take far LONGER than target time UNLESS many miners get in on it.

Instead though the scammers deliberately set it way too low, so that an entire massive pre-mine can take place EVEN IF plenty of miners get in on it.

By recruiting miners into the pre-mine scam, they hope to basically bribe them into colluding with them in pulling off a huge pre-mine right in front of everyone's eyes.

-MarkM-

how is it a pre mine if everyone is mining? sure, the blocks are found faster than the target time, but that's on any coin. even bitcoins are found a bit faster than the real target. thus the difficulty increases to try and balance the speeds. the rise of difficulty has also to be set in such a way that it doesn't rise too fast. as that would make the time more that the target time. a pre mine is when the dev mines coins before he releases the coin to the masses. In this case, it hasn't been so.

[WindMaster]

No, there's no point in using more threads than you have cores (or double the amount of cores if you have HyperThreading from an i7). If you have equal or less threads than cores, each thread has a single core to run on, which is efficient. If you have more threads than cores, the OS has to let the threads take turns to compute things, which entails some overhead.

Additionally, running excessive numbers of threads per CPU core runs the risk of less data fitting in the on-die L1/L2 caches, depending on the size of the caches and the working set (data that the code is manipulating).  The result will be a falloff in overall hash rate as the number of threads per CPU core becomes excessive.

[shivansps]

libdb++-dev

[WindMaster]

but tecnically is not pre-mine, i think it shoul be given another name.

Agree.  Rather than pre-mining, perhaps ready-mining?

[shivansps]

ok im now the built-in miner gets about 280-300khash/s on a 3,4Ghz 2500K, but sometimes dips intro 140-220.

compiling the cpu miners with the same CFLAGS gets a constant 230khash/s

[kalgecin]

but tecnically is not pre-mine, i think it shoul be given another name.

Agree.  Rather than pre-mining, perhaps ready-mining?

i'd call it being-at-the-right-place-at-the-right-time-mining

[markm]

how is it a pre mine if everyone is mining? sure, the blocks are found faster than the target time, but that's on any coin. even bitcoins are found a bit faster than the real target. thus the difficulty increases to try and balance the speeds. the rise of difficulty has also to be set in such a way that it doesn't rise too fast. as that would make the time more that the target time. a pre mine is when the dev mines coins before he releases the coin to the masses. In this case, it hasn't been so.

The devs let you in on the pre-mine by posting to the niche forum you lurk in waiting for pre-mines to participate in.

So all you pre-miners who sit here pre-mining a new coin every day love to pretend you are not pre-mining but to the whole rest of the world it is blatantly obvious that you are.

It is made glaringly obvious by the deliberately insanely low starting difficulty, for example, and in some coins is made even more obvious by the bonus payouts awarded in the blocks they expect the low difficulty to be able to get mined fast by pre-miners during the first few minutes of pre-mining.

-MarkM-

[seleme]

I hope nobody expected that people are releasing coins for altruistic purposes, of course they're ready to mine  

YAC OP did it on the most unique way so far though so hats of boss, as well as those who did it with amazon and stuff  

Absolutely no bad blood here, I can't see a difference between that and gpu farms for others as well as asics ones that are raping bitcoins. Who knows, knows (or has enough money) - who doesn't - buys as I do  

Unfortunately, technology and amount of cheap computing power won't help mining of any coin to be a fair game for all. Those times are finished.

[markm]

but tecnically is not pre-mine, i think it shoul be given another name.

Agree.  Rather than pre-mining, perhaps ready-mining?

i'd call it being-at-the-right-place-at-the-right-time-mining

It is pre-coded into the code that a huge number of blocks will be made so fast that the orphan rate will tend to be the main limit on how fast it can be, because any faster it'd be slower due to the orphans.

The starting difficulty setting is the indicator, they know damn well that setting it insanely low will cause a few minutes to an hour or few of insanely fast raking in of blocks, before the target difficulty that the initial difficulty should have been set to achieve from the outset can be reached.

Litecoin seems to have started this scam, by deliberately setting litecoin's start difficulty insanely low.

-MarkM-

[markm]

I hope nobody expected that people are releasing coins for altruistic purposes, of course they're ready to mine  

YAC OP did it on the most unique way so far though so hats of boss, as well as those who did it with amazon and stuff  

Absolutely no bad blood here, I can't see a difference between that and gpu farms for others as well as asics ones that are raping bitcoins. Who knows, knows - who doesn't - buys as I do  

People being ready is not the problem. Deliberately not setting the dififculty high enough to start at the target time between blocks, or even longer between blocks if all those ready miners fail to actually mine the coin, is the problem.

It is well known how huge an amount of hashing power jumps on new chains, so new chains should by now have known how much higher starting difficulty for a coin needs to be in order for the first blocks to be created at the target speed or slower.

-MarkM-

[svennand]

Really love that im able to use my idle cpus from all my rigs at something=)

I don't think there has ever been a time when there was not at least one, and usually quite a few, coins you could rake in nicely with CPUs.

BBQcoin for example you had something like a year, maybe more, to rake in oodles of coins with your CPUs before the GPU people came back to it, it went on exchanges, and the CPU miners are now taking their exceedingly handsome pay for those long long long months of CPU mining it.

Meanwhile several other chains are still being lucratively mined by CPUs, some of the CPU miners hoping the GPUs come back soon drive the difficulty too high for CPUs and lobby to have the coin put on exchanges and soe others of the CPU miners hoping that will not happen for a few more months so they can build larger hoards of coins before it happens.

So if you have been letting your CPUs sit idle, that is not for lack of chains to mine, just maybe lack of foresight or, like all the people who missed out on Bitcoin's CPU-mining era, some idea that cryptocoins are not worth collecting.

-MarkM-

Ive been busy on the scrypt mining front with my GPUs. its a fun gamble where to place the power. recently had a good payday after early mining feathercoin while difficulty was under 10 and hype hadnt started=)
So far ive used around 5200USD in equipment cost. and it has all paid for itself in the two months ive been mining diffent coins=).
So everything from now is gravy=), hope this currency will add some value and not be a power waste.

[seleme]

I hope nobody expected that people are releasing coins for altruistic purposes, of course they're ready to mine  

YAC OP did it on the most unique way so far though so hats of boss, as well as those who did it with amazon and stuff  

Absolutely no bad blood here, I can't see a difference between that and gpu farms for others as well as asics ones that are raping bitcoins. Who knows, knows - who doesn't - buys as I do  

People being ready is not the problem. Deliberately not setting the dififculty high enough to start at the target time between blocks, or even longer between blocks if all those ready miners fail to actually mine the coin, is the problem.

It is well known how huge an amount of hashing power jumps on new chains, so new chains should by now have known how huch higher starting difficulty for a coin needs to be in order for the first blocks to be created at the target speed or slower.

-MarkM-

Yeah, I agree with that but then we come again to "not releasing it for altruistic purposes". They're doing it to bank and will do all the time. Cryptocurrency is all about money now, no matter what coin it is, it's like a gold rush - greed, greed everywhere.

I've learned to live with it though and not to be too bothered with it. We're all here for money and we all can't make it at same level. Who's smarter, more creative, have more resources will always make more - it's virtual copy of real world and I don't intend to break my head about it.

[markm]

Ive been busy on the scrypt mining front with my GPUs. its a fun gamble where to place the power. recently had a good payday after early mining feathercoin while difficulty was under 10 and hype hadnt started=)
So far ive used around 5200USD in equipment cost. and it has all paid for itself in the two months ive been mining diffent coins=).
So everything from now is gravy=), hope this currency will add some value and not be a power waste.

Every time you set up a GPU rig, also set up, with "nice", a minerd using its spare cycles on some under the radar coin or even throw one core at each of several, and forget about them.

Some day one pops into the limelight again, like BBQ recently did, and checking your wallet you find holy cow those things add up to more money than all the coins all the GPUs raked in combined.

-MarkM-

[bitdwarf]

Just hold for the next N++ event, difficulty will drop and reward will raise. You'll get to "pre-mine" it again.

[WindMaster]

Unfortunately, technology and amount of cheap computing power won't help mining of any coin to be a fair game for all. Those times are finished.

I'd point out that Amazon's AWS / EC2 resources are available to (almost) anyone.  You can even provision up to 100 spot instances (bids for Amazon's unused processing power, basically) in each of their data centers, and there are 8 data centers to choose from, so it's readily possible for anyone to provision up to 800 servers at a moment's notice if they have a decent amount of Linux skill.  Small exception here though, yesterday I found that I maxed out all of Amazon's available servers in the Sao Paulo, Brazil data center before reaching 100, so I was only about to provision 760 servers.  It all comes down to risk vs potential rewards, as these resources do cost real $.  Thus is the joy of gambling..

I got in 8 hours after the coin was released due to the OP's missed release deadline (dammit, OP!).  Yet I still considered it a fair fight even 8 hours in, and I amassed quite a large quantity of YAC (well into the 5 figures).  You can bet I mourn the amount of YAC I could've mined if I were in the right place at the right time to unleash that amount of processing power right at release though..

Nonetheless, massive amounts of computing power are readily available, and available to just about anyone that knows where to look for it.  And Amazon certainly hasn't been hiding in a hole, they're a pretty visible and popular source of rented computing power.