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Author Topic: The YACoin Superfun Premine Thread  (Read 8742 times)
gyverlb
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May 09, 2013, 07:44:33 PM
 #21

You know, with all these new altcoins not even trying to sound serious and so many people downloading binaries, it's only a matter of time before a trojan uses the greed of miners to siphon their wallets or divert their mining power elsewhere.

If:
  • it hasn't a git repository (preferably forked from a reputable coin) published weeks before the release so that developers can check the code for trojans
  • you aren't compiling from this validated source
don't come whining when you find that all your wallets are empty (in particular if you solomine and can't easily move the wallets out of reach) or that you mined for someone else.

Actually if I'm not mistaken Freicoin is already doing this kind of trick: a substantial amount of the reward in a block goes to a "foundation" or something, this didn't seem to bother people mining it, so the next step is probably close.

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May 09, 2013, 07:46:55 PM
 #22

Best thing to do would be to get the miners stable on YaCoin using it as a TESTNET, until we have stable miners for both Linux and Windows and to see if someone doesn't just bring out a GPU miner anyway.

Once it looks a fairly safe bet as a new coin we can just fork his git and start all over again with a fair race to the finish line.

How does this ^^ sound?

With the interest his thread has generated there is obviously a gap for a well thought out CPU only coin. With enough interest and support I don't even mind managing the project with full disclosure to ALL before mining begins. I'm here because I believe in crypto currencies, not because I see a get rich quick scheme. Unlike many around here it seems.

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May 09, 2013, 07:47:03 PM
 #23

You know, with all these new altcoins not even trying to sound serious and so many people downloading binaries, it's only a matter of time before a trojan uses the greed of miners to siphon their wallets or divert their mining power elsewhere.

If:
  • it hasn't a git repository (preferably forked from a reputable coin) published weeks before the release so that developers can check the code for trojans
  • you aren't compiling from this validated source
don't come whining when you find that all your wallets are empty (in particular if you solomine and can't easily move the wallets out of reach) or that you mined for someone else.

Actually if I'm not mistaken Freicoin is already doing this kind of trick: a substantial amount of the reward in a block goes to a "foundation" or something, this didn't seem to bother people mining it, so the next step is probably close.

Its unfortunately true.  Everyone panicking to get the new binary the instant its created = everyone getting the virus at the same time = all your coins are stolen.

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May 09, 2013, 07:49:11 PM
 #24

I usually wait for thread to reach 15-20 pages before downloading hoping some of zillion geeks here would already found out if there is something fishy.

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May 09, 2013, 07:49:26 PM
 #25

Ok, i use 3 Xeons E7-4870, 2 FX-8 6350, in total 46 cores, whit windows client and I get 5 block´s in 12 hours, and I fell screwed.

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May 09, 2013, 07:49:44 PM
 #26

I remember when it was IXC and then I0C...
so... maybe a "Y0Coin" with fair and the same rules for Win/Linux from the beginning Wink

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May 09, 2013, 07:52:06 PM
 #27

Best thing to do would be to get the miners stable on YaCoin using it as a TESTNET, until we have stable miners for both Linux and Windows and to see if someone doesn't just bring out a GPU miner anyway.

Once it looks a fairly safe bet as a new coin we can just fork his git and start all over again with a fair race to the finish line.

How does this ^^ sound?

With the interest his thread has generated there is obviously a gap for a well thought out CPU only coin. With enough interest and support I don't even mind managing the project with full disclosure to ALL before mining begins. I'm here because I believe in crypto currencies, not because I see a get rich quick scheme. Unlike many around here it seems.

I like the idea of everyone banding together on a CPU coin, everyone waiting with guns blazing at the starting line. 

You know how they "reset testnet"?  How does that work?  If you have a bunch of coins on there, and there are like 1000s of people connected, and they reset testnet.. do your coins just vanish?  That might be the key. 

So what we do is make it so that we have everyone ready and hashing away at a coin, let's say YaCoin, and let the difficulty build up to the appropriate level.  Then once it is at the satisfactory level, "reset" the coinbase, and then let the games begin.  Everyone is mining at the same time, at the appropriate difficulty, no bitching, no scam.

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May 09, 2013, 07:56:43 PM
 #28

I usually wait for thread to reach 15-20 pages before downloading hoping some of zillion geeks here would already found out if there is something fishy.

Yeah the problem with that is that by page 2  99% of the coins have been hoovered up the gpu farms and the developer. Sad

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May 09, 2013, 07:58:20 PM
 #29

I usually wait for thread to reach 15-20 pages before downloading hoping some of zillion geeks here would already found out if there is something fishy.

Yeah the problem with that is that by page 2  99% of the coins have been hoovered up the gpu farms and the developer. Sad

It's same for me, I don't have any special mining equipment, I don't really mine so 2nd or 20th I can't get anything  Grin

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May 09, 2013, 07:58:25 PM
 #30

Excellent conspiracy theories in this thread.  You guys continue to entertain me.  The reality is that you had to be there for the launch.  I was browsing the forums at 1AM PST and saw the launch of it, downloaded, and profited big time.  All you guys who were hours late and got caught out by the massive zerg rush can continue QQ'ing.
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May 09, 2013, 08:01:16 PM
 #31

I like the idea of everyone banding together on a CPU coin, everyone waiting with guns blazing at the starting line. 

So basically there will be a pre-race to buy the biggest cloud farm possible before launch and orphan everybody else.

𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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May 09, 2013, 08:03:50 PM
 #32

Excellent conspiracy theories in this thread.  You guys continue to entertain me.  The reality is that you had to be there for the launch.  I was browsing the forums at 1AM PST and saw the launch of it, downloaded, and profited big time.  All you guys who were hours late and got caught out by the massive zerg rush can continue QQ'ing.

So which version of windows do you run?
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May 09, 2013, 08:07:20 PM
 #33

Excellent conspiracy theories in this thread.  You guys continue to entertain me.  The reality is that you had to be there for the launch.  I was browsing the forums at 1AM PST and saw the launch of it, downloaded, and profited big time.  All you guys who were hours late and got caught out by the massive zerg rush can continue QQ'ing.

What makes you think we even tried to mine it? I certainly didn't.

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May 09, 2013, 08:09:26 PM
 #34

I mined around 400 on win 7 with i5 3570k oc'ed to 4.5Ghz

I was even late to party and running it in a sandbox for a few hours

So windows mining was differently possible

I think the biggest problem was/is network latency.

You can have a SUPER fast computer, but if your net is slow with high latency you will never get those solved blocks accepted since someone with better network latency already got their block accepted before you..


Yes sir
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May 09, 2013, 08:11:16 PM
 #35

Excellent conspiracy theories in this thread.  You guys continue to entertain me.  The reality is that you had to be there for the launch.  I was browsing the forums at 1AM PST and saw the launch of it, downloaded, and profited big time.  All you guys who were hours late and got caught out by the massive zerg rush can continue QQ'ing.

So which version of windows do you run?
Windows 8 64-bit.
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May 09, 2013, 08:11:21 PM
 #36

Ahh, It's always the same....  A small bunch calling premine and crying about being late.

In 2 hours time there will be 10 new altcoins launched and new folks to whinge about those.

So. Fair play, but this ain't going to spoil YacCoin.

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May 09, 2013, 08:12:54 PM
 #37

I mined around 400 on win 7 with i5 3570k oc'ed to 4.5Ghz

I was even late to party and running it in a sandbox for a few hours

So windows mining was differently possible

I think the biggest problem was/is network latency.

You can have a SUPER fast computer, but if your net is slow with high latency you will never get those solved blocks accepted since someone with better network latency already got their block accepted before you..



It certainly was possible to mine on windows.  I for one was mining fine on this terrible OS.

However one of my friends was not (as I've said in another thread).  So, it seems some small fraction of people have got pissed of because some kind of bug or incompatibility with some version of windows.

Who knows...

Like I said... no point crying over spilled milk---  Oh, look another altcoin has just launched!

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May 09, 2013, 08:16:54 PM
 #38

I mined around 400 on win 7 with i5 3570k oc'ed to 4.5Ghz

I was even late to party and running it in a sandbox for a few hours

So windows mining was differently possible

I think the biggest problem was/is network latency.

You can have a SUPER fast computer, but if your net is slow with high latency you will never get those solved blocks accepted since someone with better network latency already got their block accepted before you..



This. Latency is the biggest factor, at low difficulty it doesn't matter whether you're putting out a couple hundred kH/s faster than the other guy if he's on a better network as his shares will get accepted before yours.
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May 09, 2013, 08:17:27 PM
 #39

I mined around 400 on win 7 with i5 3570k oc'ed to 4.5Ghz

I was even late to party and running it in a sandbox for a few hours

So windows mining was differently possible

I think the biggest problem was/is network latency.

You can have a SUPER fast computer, but if your net is slow with high latency you will never get those solved blocks accepted since someone with better network latency already got their block accepted before you..



It certainly was possible to mine on windows.  I for one was mining fine on this terrible OS.

However one of my friends was not (as I've said in another thread).  So, it seems some small fraction of people have got pissed of because some kind of bug or incompatibility with some version of windows.

Who knows...

Like I said... no point crying over spilled milk---  Oh, look another altcoin has just launched!

Windows it´s not guilty of this, i mine other coins in windows and I don’t have this particular problem.

Keep Your Powder Dry
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May 09, 2013, 08:21:05 PM
 #40

At the end of the day, we will find out what happened.  Either a large group of small-time individuals mined coins OR a smaller group of superpowers got the coins.  Time will tell.


Actually, cannot this be determined by looking at the block chain?

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