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Author Topic: [ANN][YAC] YACoin ongoing development  (Read 343226 times)
BChydro
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August 29, 2013, 05:51:02 AM
 #1061

YAC mining even selling at .0001 BTC/YAC is at least 350% more profitable than mining BTC by my approximation.  Did a day mining feathercoin and compared how many FC I got to how many YAC I get in a day.. plus, looked at last BTC mining numbers from a month ago... 3x what it was a month ago.  YAC isn't dead or dying, the price is just adjusting to be in line with everything else.

True that. YACoin was by far the most profitable coin to mine for almost 4 months. Even now mining profitability vs BTC is quite high.
That depends on your set up. For a 7950, you can currently get 36 kh/s, that's less profitable than LTC. Probably beats BTC though.

I would be curious to know how you came up with that?  My 7850 can only muster 13KH/sec YAC, but does 380 KH/sec on scrypt, yet between my three varied cards, I was earning 260 YAC/day, but only 12-14 FTC day with the same setup (which shows slightly higher value on coinchoose.com).  Obviously, luck factors in a lot more in a single 24 hour period with FTC than YAC, but based solely on hash rate, I calculated out about 21 FTC/day with 1 MH at the current network hash rate.
Haven't done the calculation in a while, would be nice to see how they compare currently. I'll compare profitability of mining YAC vs LTC on a 7950 with current prices/difficulty.

The magic value is 65546. It takes 65546 hashes to find a share of difficulty 1 (and therefore 65546*32 hashes to find a share of diff 32). Also cgminer reports the network difficulty as difficulty*65546.

LTC mining on a 7950 - Difficulty: 969 - Block Reward: 50 - Value: 0.02088 BTC/LTC

650 KH/s/(65.546 kH/share) = 9.92 shares/s (of difficulty 1)
blocks/s = (shares/s)/(difficulty*65546)
blocks/s = 9.92 shares/s/(969*65546)
= 1.56*10^-7 blocks/s = 0.01349 blocks/day
(0.01349 blocks/day)*(50 LTC/block) = 0.6747 LTC/day
= 0.0141 BTC/day

YAC mining on a 7950 - Difficulty: 0.109 - Block Reward: 36.12 - Value: 0.00008011 BTC/YAC

36 kH/s = 0.549 shares/s = 6.642 blocks/day = 239.9 YAC/day
= 0.01921 BTC/day

Well isn't that interesting, YAC wins. Redirecting the horses...


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August 29, 2013, 09:13:40 AM
 #1062

Well isn't that interesting, YAC wins. Redirecting the horses...

Problem with this strategy is that if YAC/BTC or LTC/BTC moves a teeeeeensy weensy bit, you will get a different result. And they do tend to be very volatile.

In my experience it doesn't pay to switch horses unless you vigilantly monitor the rates and you are able to quickly get the YAC or LTC in hand to exchange it to BTC. This means constantly making small withdrawals from your mining pool, which frankly is too much bother for what it's worth (you're hit by withdrawal fees too).

Find a coin you like long term, and mine that wholeheartedly. For me it's been FTC for some time now, because it's consistently been in the top 5 and because of the availability of fast, reliable pools. However I always liked YAC and it is attractive now for the same reasons. Just not more so than many other alt coins.

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August 29, 2013, 09:21:18 AM
 #1063

YAC mining even selling at .0001 BTC/YAC is at least 350% more profitable than mining BTC by my approximation.  Did a day mining feathercoin and compared how many FC I got to how many YAC I get in a day.. plus, looked at last BTC mining numbers from a month ago... 3x what it was a month ago.  YAC isn't dead or dying, the price is just adjusting to be in line with everything else.

True that. YACoin was by far the most profitable coin to mine for almost 4 months. Even now mining profitability vs BTC is quite high.
That depends on your set up. For a 7950, you can currently get 36 kh/s, that's less profitable than LTC. Probably beats BTC though.

I would be curious to know how you came up with that?  My 7850 can only muster 13KH/sec YAC, but does 380 KH/sec on scrypt, yet between my three varied cards, I was earning 260 YAC/day, but only 12-14 FTC day with the same setup (which shows slightly higher value on coinchoose.com).  Obviously, luck factors in a lot more in a single 24 hour period with FTC than YAC, but based solely on hash rate, I calculated out about 21 FTC/day with 1 MH at the current network hash rate.
Haven't done the calculation in a while, would be nice to see how they compare currently. I'll compare profitability of mining YAC vs LTC on a 7950 with current prices/difficulty.

The magic value is 65546. It takes 65546 hashes to find a share of difficulty 1 (and therefore 65546*32 hashes to find a share of diff 32). Also cgminer reports the network difficulty as difficulty*65546.

LTC mining on a 7950 - Difficulty: 969 - Block Reward: 50 - Value: 0.02088 BTC/LTC

650 KH/s/(65.546 kH/share) = 9.92 shares/s (of difficulty 1)
blocks/s = (shares/s)/(difficulty*65546)
blocks/s = 9.92 shares/s/(969*65546)
= 1.56*10^-7 blocks/s = 0.01349 blocks/day
(0.01349 blocks/day)*(50 LTC/block) = 0.6747 LTC/day
= 0.0141 BTC/day

YAC mining on a 7950 - Difficulty: 0.109 - Block Reward: 36.12 - Value: 0.00008011 BTC/YAC

36 kH/s = 0.549 shares/s = 6.642 blocks/day = 239.9 YAC/day
= 0.01921 BTC/day

Well isn't that interesting, YAC wins. Redirecting the horses...



That would be 65536.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
St.Bit
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August 29, 2013, 11:33:48 AM
 #1064

Ill accept YAC on Coincable.com if some one helps me out with coding it

Fendlestick's coingas.com and his sextoys shop used to accept YAC so there must be some sort of implementation made already. Don't expect to get a fair price on the exchanges though and wach out for slippage.

Sign a message and get some YAC: https://bitcointalk.org/index.php?topic=300152.0
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August 29, 2013, 03:44:05 PM
 #1065

Haven't done the calculation in a while, would be nice to see how they compare currently. I'll compare profitability of mining YAC vs LTC on a 7950 with current prices/difficulty.

The magic value is 65546. It takes 65546 hashes to find a share of difficulty 1 (and therefore 65546*32 hashes to find a share of diff 32). Also cgminer reports the network difficulty as difficulty*65546.

LTC mining on a 7950 - Difficulty: 969 - Block Reward: 50 - Value: 0.02088 BTC/LTC

650 KH/s/(65.546 kH/share) = 9.92 shares/s (of difficulty 1)
blocks/s = (shares/s)/(difficulty*65546)
blocks/s = 9.92 shares/s/(969*65546)
= 1.56*10^-7 blocks/s = 0.01349 blocks/day
(0.01349 blocks/day)*(50 LTC/block) = 0.6747 LTC/day
= 0.0141 BTC/day

YAC mining on a 7950 - Difficulty: 0.109 - Block Reward: 36.12 - Value: 0.00008011 BTC/YAC

36 kH/s = 0.549 shares/s = 6.642 blocks/day = 239.9 YAC/day
= 0.01921 BTC/day

Well isn't that interesting, YAC wins. Redirecting the horses...

Nice to see someone elses calculations - I do mine a bit differently, but it relies on knowing the total network hashpower (which isn't always obvious) to calculate a percentage of the daily reward.  I will try this formula to see if what I get is much different that way.  My calculations using my formula actually came out with a different answer because I can get ~900 KH/sec on my combination of cards for LTC, but only 39 KH/sec for YAC (they're all low memory, and I get HW errors when I push them).

YACMiner: https://github.com/Thirtybird/YACMiner  N-Factor information : https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-JFNdC1ITWJrSG9VeWp6QXppbVgxcm0tbGc&usp=drive_web#gid=0
BTC: 183eSsaxG9y6m2ZhrDhHueoKnZWmbm6jfC  YAC: Y4FKiwKKYGQzcqn3M3u6mJoded6ri1UWHa
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August 29, 2013, 05:33:59 PM
 #1066

Someone who can get us on this list? https://bitcointalk.org/index.php?topic=273148
Maybe Bitcoin Megastore can start accepting YAC? Wink
Ill accept YAC on Coincable.com if some one helps me out with coding it
Looks like you're using wordpress, so maybe try https://coinpayments.net/ (but first they have to add support for YAC).
Try posting in this thread https://bitcointalk.org/index.php?topic=276455 or sending them a PM/e-mail.

Come on sairon, cycloid.  I posted in that thread https://bitcointalk.org/index.php?topic=276455 ... I think just the 3 of us posting would do the trick.  If you have stake in YACoin, we are in competition with the other currencies! Smiley


Thats beautiful, thank you!

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August 30, 2013, 09:26:49 AM
 #1067

By the way, what about my bounty? Only Beave162 sent me his so far. Tongue

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 03:38:29 PM
 #1068

By the way, what about my bounty? Only Beave162 sent me his so far. Tongue
Don't worry, I didn't forget about my 5kYAC plege ...

As long as it isn't pulled by Joe_Bauers or someone else with programming background has checked the source for possible bugs it isn't completly finished. Critical Bugs like the one that destroyed the change if you didn't use a custom change adress shouldn't have been in the published exe the first place. If such review isn't possible untill an acceptable period of time I'll use it for a review. Having said that I really doubt you won't get it soon.

Sign a message and get some YAC: https://bitcointalk.org/index.php?topic=300152.0
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August 30, 2013, 03:50:00 PM
 #1069

By the way, what about my bounty? Only Beave162 sent me his so far. Tongue
Don't worry, I didn't forget about my 5kYAC plege ...

As long as it isn't pulled by Joe_Bauers or someone else with programming background has checked the source for possible bugs it isn't completly finished. Critical Bugs like the one that destroyed the change if you didn't use a custom change adress shouldn't have been in the published exe the first place. If such review isn't possible untill an acceptable period of time I'll use it for a review. Having said that I really doubt you won't get it soon.

Yeah, I'm sorry for that bug. Luckily I discovered it fairly quickly after release, so no one else's YACs were lost.
There aren't too many changes compared to Bitcoin's version of Coin Control, so it shouldn't be THAT hard to conduct a code review (that is, if you trust Cozz and the Bitcoin devs Cheesy). Also, I believe there aren't any other money-destroying bugs in the code (as the only significant money-manipulating code that I changed was that with change addresses).
That being said, there's no rush. Just wanted to make sure you've not forgotten. Smiley

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 04:26:30 PM
 #1070

Just wanted to make sure you've not forgotten. Smiley

Have you found something about the other big bounty on CC4YAC yet? As far as I can recall it was in the sizearea of Beave162s...

Sign a message and get some YAC: https://bitcointalk.org/index.php?topic=300152.0
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August 30, 2013, 04:29:56 PM
 #1071

Just wanted to make sure you've not forgotten. Smiley

Have you found something about the other big bounty on CC4YAC yet? As far as I can recall it was in the sizearea of Beave162s...

I've already recieved the 25k YAC he pledged, see my previous post:
By the way, what about my bounty? Only Beave162 sent me his so far. Tongue
Also, Bitcoin Megastore said he'll be sending his bounty soon.

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 06:24:07 PM
 #1072

By the way, what about my bounty? Only Beave162 sent me his so far. Tongue
Don't worry, I didn't forget about my 5kYAC plege ...

As long as it isn't pulled by Joe_Bauers or someone else with programming background has checked the source for possible bugs it isn't completly finished. Critical Bugs like the one that destroyed the change if you didn't use a custom change adress shouldn't have been in the published exe the first place. If such review isn't possible untill an acceptable period of time I'll use it for a review. Having said that I really doubt you won't get it soon.

Yeah, I'm sorry for that bug. Luckily I discovered it fairly quickly after release, so no one else's YACs were lost.
There aren't too many changes compared to Bitcoin's version of Coin Control, so it shouldn't be THAT hard to conduct a code review (that is, if you trust Cozz and the Bitcoin devs Cheesy). Also, I believe there aren't any other money-destroying bugs in the code (as the only significant money-manipulating code that I changed was that with change addresses).
That being said, there's no rush. Just wanted to make sure you've not forgotten. Smiley

The code looks good and I haven't been able to break anything else in testing (which I'm very good at doing). Still, as we saw with the previous bug, it's better to be sure than not  Wink

To that end, I've cleaned things up in the repository. YACoin now has two branches: stable and testing. I might add version  tags at some point as well, but currently it isn't needed. 

Sairon, any way you could send just the coin control features to testing? If so, I will merge it there, and maybe some other folks can give it a look. 
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August 30, 2013, 06:28:26 PM
 #1073

Sairon, any way you could send just the coin control features to testing? If so, I will merge it there, and maybe some other folks can give it a look. 
Done.

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 07:00:23 PM
 #1074

You're welcome. Wink Thanks for the Bitcoin!

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 07:51:53 PM
 #1075

Sairon, any way you could send just the coin control features to testing? If so, I will merge it there, and maybe some other folks can give it a look. 
Done.

Thanks! For everyone that can, please test the coin control features in the testing branch of YAC.

https://github.com/yacoin/yacoin/releases/tag/YAC-cc-testing

I may get some binaries up there, but in the meantime, you'll need to compile Wink
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August 30, 2013, 08:18:02 PM
 #1076

I'm using the 'test' wallet with cc.   And I had my first POS that split into thirds!   Any idea why this might have happened?

http://yacexplorer.tk/tx/5c464c19df4f3607f178177bcec83e6e3d8095dde621661c7e360812aa920cc0#o1

Any news on upgrading the wallet to allow for multiple (small) transactions to be included in a single transaction?  My wallet is full of 5-100 yac transactions.  Most of them take longer then 30 days until they have enough 'coin-days' to mint.

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sairon
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August 30, 2013, 08:21:42 PM
 #1077

I'm using the 'test' wallet with cc.   And I had my first POS that split into thirds!   Any idea why this might have happened?

http://yacexplorer.tk/tx/5c464c19df4f3607f178177bcec83e6e3d8095dde621661c7e360812aa920cc0#o1

Any news on upgrading the wallet to allow for multiple (small) transactions to be included in a single transaction?  My wallet is full of 5-100 yac transactions.  Most of them take longer then 30 days until they have enough 'coin-days' to mint.
Umm, no. That PoS block did not *split* it into thirds, on the contrary, it took three ~5 YAC inputs and *combined* them into ~15 YAC output with the PoS reward included.

As for the feature you're asking about... If I understand you correctly, you can do this by clicking "Add recipient" in the "Send coins" dialog.

EDIT: WTF, someone just dumped 80k @0.00004900 on BTER and 100k on Cryptsy... -.-"

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
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August 30, 2013, 09:10:41 PM
 #1078

I'm using the 'test' wallet with cc.   And I had my first POS that split into thirds!   Any idea why this might have happened?

http://yacexplorer.tk/tx/5c464c19df4f3607f178177bcec83e6e3d8095dde621661c7e360812aa920cc0#o1

Any news on upgrading the wallet to allow for multiple (small) transactions to be included in a single transaction?  My wallet is full of 5-100 yac transactions.  Most of them take longer then 30 days until they have enough 'coin-days' to mint.
Umm, no. That PoS block did not *split* it into thirds, on the contrary, it took three ~5 YAC inputs and *combined* them into ~15 YAC output with the PoS reward included.

As for the feature you're asking about... If I understand you correctly, you can do this by clicking "Add recipient" in the "Send coins" dialog.

EDIT: WTF, someone just dumped 80k @0.00004900 on BTER and 100k on Cryptsy... -.-"

You are correct - I misread the transaction in haste.  (Sorry!!!)  

I never seen transactions become combined in a POS.   Is this due to the new wallet / upgrades to the yac source code?  Will it continue to happen?  Or will transactions continue to split into, two, smaller transactions?

This was the 'upgrade'  I was asking about.... but it looks like it is already happening!  Smiley

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sairon
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August 30, 2013, 09:19:33 PM
 #1079

I never seen transactions become combined in a POS.   Is this due to the new wallet / upgrades to the yac source code?  Will it continue to happen?  Or will transactions continue to split into, two, smaller transactions?

This was the 'upgrade'  I was asking about.... but it looks like it is already happening!  Smiley
No, this is not due to the new wallet. Small inputs from the same address are supposed to be combined until they reach certain threshold. In fact, I already posted about this a few days ago, see this post for more info: https://bitcointalk.org/index.php?topic=206577.msg2978359#msg2978359

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August 30, 2013, 09:46:41 PM
 #1080

The problem with YAC right now is that you have people 'hoarding' the coin without investing the 'work' required for it to compete with the other alts.  St.Bitt said that YAC will be 'dead' once it reaches below 0.00005 BTC, yet it still has a higher marketcap than any of the clones and is profitable for GPU mining.  It is statements like these from major stakeholders of a coin that should make this drop in price no surprise at all.  YacHoarder on yacointalk claims to have 10% of the yacoin economy, yet he clearly knows nothing of investing or finances.  What we are experiencing is a very healthy correction, and I predict it will go even lower in price before it gets better.  I know I am being an a-hole, but there needs to be a cleansing of the malinvestment before this coin can recover.

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BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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