[ANN] Signatum - New Algorithm - Fair Launch - No Premine

[abdulmad]

OMG shit is on! Too bad I don't have more money to invest! This thing is gonna go BOOM!

Hmmm...this is bitcointalk....this might work on a slack or something.....but we grown ups here.

[1714769270]

1714769270

[1714769270]

1714769270

[operabit]

OMG shit is on! Too bad I don't have more money to invest! This thing is gonna go BOOM!

Hmmm...this is bitcointalk....this might work on a slack or something.....but we grown ups here.

Indeed what will be the news? So make people excited? Is the new roadmap? New version of wallet? Or a new exchange? Very unclear.

[jootn2kx]

BIG news let me guess: it's fake

[CoinratZ]

Source of big news news?

[enkayz]

Hi,

Im mining with 54 mh/s but I get only ~ 55 coins a day.

What to mine shows more is that normal ?

Also the mh/s from the workerscreen is different ?!

Calculators always show more than what you will get. If you subtract 20-40% you will be more correct, at least you won't overcalculate.

I thought that was true as well.  I was getting about 200-220 coins per day on 245 Mh/s of mining.  Then I stopped using the krnlx version of ccminer and went with the palginmod version.  Immediately things got better.  Then I signed up for the CWI beta.

On 8/16 I topped 450 coins.  When the difficulty jumped a bit I might get only 250.  Today I am already at 256 and will probably be over 300 my the time the day is over.

Ie., the 30-35% 'correction' that I was thinking was a foregone conclusion seemed to sort of vanish when I stopped using the krnlx version.  Not sure what is up with it, but if I were a suspicious person I would maybe want to see if there was any unsuspected outbound network traffic coming from it. 

I'm starting to think that closed source miners instead of making real code optimalization just change the lines where miner speed is shown to fake it to higher values,
and pools display correct values ;-)
What do you think? It's quite logical lol.

Yes, you have the point. Since the miner is closed source, it is easy for pool to display higher than actual value, I think comparing share distributed is much more accurate.

People misunderstand the hash rate calculations.

The hash rate displayed by your miner is how many hashes that your card is creating per second.
The hash rate displayed by a pool is an estimation of the hash rate it would take to submit the shares which have been submitted.

Miners do not submit hash rates, they submit shares. The pools calculate an estimation of a hash rate based on the total difficulty of shares submitted over a period; if you have a period where your cards are unlucky and don't find any shares worth submitting then your hash rate on a pool will read lower than what it is.

The hash rate calculation is made over a period of time, so it takes a little while for hash rate(s) to stabilize on a pool. When you first start a miner it will not start submitting shares instantly so it takes a while before you get the real hash rate calculations.

[ukfatboy]

Source of big news news?

http://imgur.com/zLlrG6n

Fake!!!!!!

[CoinratZ]

Source of big news news?

Fake!!!!!!

You think so? Imgur is a reliable source!

[jootn2kx]

Source of big news news?

Fake!!!!!!

You think so? Imgur is a reliable source!

lol let me guess you bought some sigt @ 1280? nice try

[sparker327]

so whats going on, wallet has been open, now behind because 0 active connections to the network...

[hashrefinery]

Signatum has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=skunk

You can be paid in Signatum by using your SIGT address as your username and "c=SIGT" as your password.  Alternatively the pool can auto-exchange to BTC for you.

There are not a lot of miners on this algo yet but I had good results testing with Nicehash.

[octomob]

Signatum has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=skunk

You can be paid in Signatum by using your SIGT address as your username and "c=SIGT" as your password.  Alternatively the pool can auto-exchange to BTC for you.

There are not a lot of miners on this algo yet but I had good results testing with Nicehash.

So, any idea how to wirthdraw SIGT from SuprNova?

[rodyw]

OMG shit is on! Too bad I don't have more money to invest! This thing is gonna go BOOM!

Sound fake to me...

[sparker327]

Signatum has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=skunk

You can be paid in Signatum by using your SIGT address as your username and "c=SIGT" as your password.  Alternatively the pool can auto-exchange to BTC for you.

There are not a lot of miners on this algo yet but I had good results testing with Nicehash.

So, any idea how to wirthdraw SIGT from SuprNova?

yeah, you go to your account, edit workers, cash out

[hashrefinery]

Signatum has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=skunk

You can be paid in Signatum by using your SIGT address as your username and "c=SIGT" as your password.  Alternatively the pool can auto-exchange to BTC for you.

There are not a lot of miners on this algo yet but I had good results testing with Nicehash.

So, any idea how to wirthdraw SIGT from SuprNova?

Sorry you would need to ask them.

[salvani]

Are there any difficulty chart for Signatum?

Official site display only current diff value but not historical chart of it.

https://nodes.nullspam.ru/signatum/

or

http://charts.signatum.io/

nullspam.ru can show only last 24 hours. Isn't it possible to view Signatum stats for week or more?
charts.signatum.io constantly showing me Error 502 by Cloudflare.

Anyway, thank you for this links.

[boo50]

stay away from suprnova, much people reported a lot less (20-30%) payments on suprvova VS yiimp for example on the equal rigs at the same day.

[MarcusDe]

stay away from suprnova, already much people reported a lot less (20-30%) payments VS yiimp for example on the equal rigs at the same day.

Go back to caves (go mine solo) - no1 will fake you.

[boo50]

for me it's already clear and my rigs on trusted pool.

[Brucelats]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?  

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.  

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

Not sure interest will be paid hourly, where did you read that ?

I believe I read it somewhere on here.  Page 10 of the white paper actually says it is paid every 5 minutes.  

A 5 minute payout would be 0.0000004756 so 0.02102608 Sig per wallet, but you would only need 15,000.  15,000 * 0.02102608 + 150 = 465.3912

Main.cpp sets

Code:

nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8)

From what I can tell it simplifies to "nCoinAge * 13689"  All the math is e-8, but if nCoinAge is the mature coins and it runs every 5 minutes then this is a 1400% return.  

Hopefully I am wrong.  

Edit: Fixed exponential.

I flipped the nSubsidy calculation around and for 5% return it would be 365.24242424242424242424242424224 payments, so daily payments considering leap year.  This would be the second functional error I have found in the white paper. 

So 43516 Sig used to create 4320000 addresses with 0.00007305 Sig each could flood the chain with interest transactions? 

Try to reach devs or something. I am also curious about this.

[int64]

Signatum has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=skunk

You can be paid in Signatum by using your SIGT address as your username and "c=SIGT" as your password.  Alternatively the pool can auto-exchange to BTC for you.

There are not a lot of miners on this algo yet but I had good results testing with Nicehash.

So, any idea how to wirthdraw SIGT from SuprNova?

yeah, you go to your account, edit workers, cash out

you can also put fixed amount to be automaticly transfered to your wallet