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Author Topic: BitBar network breaks 1GH/sec!  (Read 2239 times)
rbdrbd
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May 09, 2013, 08:50:21 PM
 #1

For those who care:

According to http://bitbar.info/stats/index.php

Network hash rate (Gh/s): 1.052 (estimated)
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bnogal
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May 09, 2013, 08:53:36 PM
 #2

and my little 360khs are there Smiley
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May 09, 2013, 09:04:42 PM
 #3

There is a huge difference in the difficulty calculation. Obviously this hashrate is a spike only - where it settles in the long run is a big question.
At least now we will see which difficulty retarget mechanism is more efficient.
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May 09, 2013, 09:08:22 PM
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There is a huge difference in the difficulty calculation. Obviously this hashrate is a spike only - where it settles in the long run is a big question.
At least now we will see which difficulty retarget mechanism is more efficient.

Yup. The bid will have to keep up with the difficulty (if it doesn't, miners jump off, and with bitbar the difficulty should retarget pretty quickly, which should hopefully keep it in the game to some extent).

Also, getting on an additional exchange at some point would help out as well no doubt. Beyond that, it's just whether folks take to BitBar...slow and steady should win the race there....not crashing and burning like FC.
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May 09, 2013, 09:12:49 PM
 #5

Well, and remember it is having POS
kokojie
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May 09, 2013, 09:17:34 PM
 #6

Well, and remember it is having POS

Yes, PoW is still important in the beginning, but PoS will take over at some point. Look at PPC, it is churning out tons of PoS blocks right now, probably will take over PoW in 2 years.

Also I believe you begin earning interest on BTB balance after 30 days from inception, like NVC did? I'm not sure if the setting was the same on BTB.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 09, 2013, 09:20:25 PM
 #7

Big deal... royalcoin hit 2GH already  Grin

kokojie
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May 09, 2013, 09:23:14 PM
 #8

Big deal... royalcoin hit 2GH already  Grin

Where can I see that stat? this RLC pool here reports the network hash rate to be 0.5 Gh/s
http://rlcpool.erundook.net/

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
relm9
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May 09, 2013, 09:23:39 PM
 #9

Big deal... royalcoin hit 2GH already  Grin

BitBar hash rate has been growing steadily over the past week.

Let's see where Royalcoin is a week from now. IMO it's the next CHN and not doing even half as well. Look at the buy orders for it, bunch of people are offering 1-5 LTC for 1K RYC. That's JunkCoin territory lol.
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May 09, 2013, 09:38:48 PM
 #10

http://benhohner.com/feathercoin/statistics.php

Feathercoin had 5Gh/s and then collapsed. Same thing [to smaller extent] happened with CNC.
Bitbar could see the same fate if it stops being profitable.

I totally agree. But BitBar is a ground-breaking cryptocurrency. Not going further in details right now, would take me too much time.

Big deal... royalcoin hit 2GH already  Grin

Network hashrate: 544 MH/s when I just checked.

It is indeed growing. But an exchange has already added BitBars.


My advice: Do your homework.

Speculating..
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May 09, 2013, 09:46:39 PM
 #11

Bitbar is premined garbage, 70% of all bitbars were created in the first 30 mins. Scam scam scam.

RYC network hash rate was over 2gh then someone decided to ddos the pools. They just can't handle the explosive growth Smiley

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May 09, 2013, 09:56:25 PM
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Bitbar is premined garbage, 70% of all bitbars were created in the first 30 mins. Scam scam scam.

RYC network hash rate was over 2gh then someone decided to ddos the pools. They just can't handle the explosive growth Smiley

Umm... RYC had a block reward 5x the normal rate for the first 500, and that likely went to 1 or 2 miners, as a GPU can chew through 100s of blocks per second at such a low difficulty. We will see when a block explorer shows up. So it's also premined garbage by your logic.

Beyond that there's nothing unique about RYC, it's CHNCoin 2.0. It's even attracting similar DDOS attacks.

BitBar and YACoin are the only two emerging alts that have potential right now. Only reason you're hyping this coin is because you got in on it early.
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May 09, 2013, 10:02:21 PM
 #13

Completely false, I started mining around block 100 and the rate was 1 block was found on the network per 3 seconds roughly.


And the 5x block reward is NOTHING compared to 70% of all bitbars being mined within 30 ins. That coin is a joke and a half.

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May 09, 2013, 10:10:17 PM
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Bitbar is premined garbage, 70% of all bitbars were created in the first 30 mins. Scam scam scam.

RYC network hash rate was over 2gh then someone decided to ddos the pools. They just can't handle the explosive growth Smiley

Umm... RYC had a block reward 5x the normal rate for the first 500, and that likely went to 1 or 2 miners, as a GPU can chew through 100s of blocks per second at such a low difficulty. We will see when a block explorer shows up. So it's also premined garbage by your logic.

Beyond that there's nothing unique about RYC, it's CHNCoin 2.0. It's even attracting similar DDOS attacks.

BitBar and YACoin are the only two emerging alts that have potential right now. Only reason you're hyping this coin is because you got in on it early.

So, you are telling me that BitBar's block reward and start diff was not a massive scam? Oh, ok..
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May 09, 2013, 10:11:59 PM
 #15

http://benhohner.com/feathercoin/statistics.php

Feathercoin had 5Gh/s and then collapsed. Same thing [to smaller extent] happened with CNC.
Bitbar could see the same fate if it stops being profitable.

I totally agree. But BitBar is a ground-breaking cryptocurrency. Not going further in details right now, would take me too much time.

Big deal... royalcoin hit 2GH already  Grin

Network hashrate: 544 MH/s when I just checked.

It is indeed growing. But an exchange has already added BitBars.


My advise: Do your homework.

It is in fact so groundbreaking that you won't go into it. Yep. Groundbreaking instamining of 80% of the Bars at 0 diff with massive block rewards for the first hour. I agree, BitBar is groundbreaking! It's a groundbreaking scam that since launch has spread to new coins. Congratulations if you were part of the inner circle that minted 2000 BTC in 1 hour to dump on people!
relm9
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May 09, 2013, 10:44:14 PM
 #16

Completely false, I started mining around block 100 and the rate was 1 block was found on the network per 3 seconds roughly.


And the 5x block reward is NOTHING compared to 70% of all bitbars being mined within 30 ins. That coin is a joke and a half.

Taking block rewards into account at least 375000 RYC were mined during the first 30 mins actually, and how many are in circulation now? At ~5700 network blocks at least 50% of current circulation were mined within the first hour, and block rate has gone down massively since due to quick difficulty adjustments.

Bitbar is premined garbage, 70% of all bitbars were created in the first 30 mins. Scam scam scam.

RYC network hash rate was over 2gh then someone decided to ddos the pools. They just can't handle the explosive growth Smiley

Umm... RYC had a block reward 5x the normal rate for the first 500, and that likely went to 1 or 2 miners, as a GPU can chew through 100s of blocks per second at such a low difficulty. We will see when a block explorer shows up. So it's also premined garbage by your logic.

Beyond that there's nothing unique about RYC, it's CHNCoin 2.0. It's even attracting similar DDOS attacks.

BitBar and YACoin are the only two emerging alts that have potential right now. Only reason you're hyping this coin is because you got in on it early.

So, you are telling me that BitBar's block reward and start diff was not a massive scam? Oh, ok..

No, I don't really care about the premine. I happen to like BitBar because it's more than just a copycat. just pointing out the stupidity of calling BitBar a premine but not RYC. Be consistent...
LeftToeCut
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May 09, 2013, 10:57:47 PM
 #17

hey, is there a working p2pool fork avaialble/is bitbar p2pool compatible yet? I threw up a test at http://trollbox.chickenkiller.com:8336 , based on https://github.com/aLQ/bitbar fork.

kokojie
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May 09, 2013, 10:59:53 PM
 #18

hey, is there a working p2pool fork avaialble/is bitbar p2pool compatible yet? I threw up a test at http://trollbox.chickenkiller.com:8336 , based on https://github.com/aLQ/bitbar fork.

p2pool won't work until block #9689, right now just mine on a pool. After roughly 2 weeks from now p2pool will work.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
Jakewell
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May 09, 2013, 11:00:56 PM
 #19

What a good dump the BTB got..  Grin

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LeftToeCut
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May 09, 2013, 11:02:26 PM
 #20

hey, is there a working p2pool fork avaialble/is bitbar p2pool compatible yet? I threw up a test at http://trollbox.chickenkiller.com:8336 , based on https://github.com/aLQ/bitbar fork.

p2pool won't work until block #9689, right now just mine on a pool. After roughly 2 weeks from now p2pool will work.

Wasn't looking to mine, I've enough bitbars atm, these damn coins are coming way to fast. Was just looking looking to set one up.

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