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Author Topic: [ANN][YAC] YACoin ongoing development  (Read 322793 times)
markn
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September 24, 2013, 09:09:41 AM
 #1201

So is YaCoin actually accepted anywhere?

Why the price is constantly going down?  Embarrassed  I thought it must grow when we got new developers (who are active finally) but unfortunately it went down to new lows.
I still believe in Yacoin but less than before. I heard some people are accumulating YAC becuase some people expect price growth. Do you think it is possible?
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SirMintALot
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September 24, 2013, 09:50:05 AM
 #1202

I guess most miners dump their mined YACoins as quick as possible,which isnt smart IMHO. An exchange price is alwas made up by supply and demand. If you hold your coins for a while then the supply gets shorter while the demand stays the same. That way the price goes up and you can also collect POS in that time  Grin
On the other hand low prices are good when you want to get cheap YACoins  Wink Its just like when you are speculating with stocks: If you want to get rich then dont follow the herd, think up our own investment strategie.

BTC: 142BHpdq4wey7PC3Cp5QiUoshF19u3yvHN LTC: LbiEUDYjohwpXnv1Gd4LvdGr1Jr1M5Usjc NMC: N3eeYkWqeLFWBJRmS3WyU1zz6WgKkjEVtb
IXC: xtR8uc2EFGWFJgrVEgZZ5yvRsWKhwAg8ZH DVC: 18oVWfSqHjvhJEuHHxsDpCfBeDMuLWyh5p CLR: CGZGWW16sooX69PJBEtJH2Xmo4KFupkow7
PPC: PLJ5uzFw21FkKdSrmfccT3MqubSfSB4soE YAC: Y7FM89AiFhWKBcXh2BzzRaw4eUAYkreXbs LBW: 5ygEWM7dMjeUV2sBeppTvkTTXCkeREKqf2
I0C: jatiogvXJYhK7auegbjPnQRV3kQgFvz482 JPU: JE7fhhPfP1Kjyd1hj8zevNsf7THeMqHo6A NVC: 4Hvecu2fzC2rCwYbKBeYXr8y9pdAZLFZHH
Beave162
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September 24, 2013, 02:31:01 PM
 #1203

Quote from: people that dont like the new logo
...
The vote was completed and a majority voiced their opinion.     
IMHO the vote should have been done at YACointalk not at Bitcointalk to get the vote more accepted. Asking at Bitcontalk for a new logo is like asking the workers at Ford for a new GMC logo and then wondering why GMC doesnt accept the new logo  Wink

 No not quite... 



I sent the new logo in 64x64 to the yacoin.org website guy. The wallet client links might need updating too.

Thanks much Sahtor!

So is YaCoin actually accepted anywhere?

Why the price is constantly going down?  Embarrassed  I thought it must grow when we got new developers (who are active finally) but unfortunately it went down to new lows.
I still believe in Yacoin but less than before. I heard some people are accumulating YAC becuase some people expect price growth. Do you think it is possible?

I believe what we are witnessing is like a reverse pre-mine... The original idea is that when the difficulty drops more people will mine because reward increases... however, the drop is too significant in rewarding latecomers and not enticing enough to get enough latecomers to compensate for the difficulty decrease/reward increase.  Of course, you have PoS which will increase in its share of blocks--thus rewarding the savers--but still.  And is anyone else uneasy about the fact that there is no supply limit?  I guess you can make estimations on an upperlimit minus the PoS inflation, but it is so difficult with the Nfactor changes, and isn't GPU mining going to be obsolete soon (but unknown when, I understand it will happen in Novemeber)?

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
Thirtybird
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September 24, 2013, 02:59:30 PM
 #1204

So is YaCoin actually accepted anywhere?

Why the price is constantly going down?  Embarrassed  I thought it must grow when we got new developers (who are active finally) but unfortunately it went down to new lows.
I still believe in Yacoin but less than before. I heard some people are accumulating YAC becuase some people expect price growth. Do you think it is possible?

I believe what we are witnessing is like a reverse pre-mine... The original idea is that when the difficulty drops more people will mine because reward increases... however, the drop is too significant in rewarding latecomers and not enticing enough to get enough latecomers to compensate for the difficulty decrease/reward increase.  Of course, you have PoS which will increase in its share of blocks--thus rewarding the savers--but still.  And is anyone else uneasy about the fact that there is no supply limit?  I guess you can make estimations on an upperlimit minus the PoS inflation, but it is so difficult with the Nfactor changes, and isn't GPU mining going to be obsolete soon (but unknown when, I understand it will happen in Novemeber)?
[/quote]

The other thing to take into consideration is that BTC is at its highest value during the life of YAC right now.  In April, BTC fell to $60-$80.  Now, it's going in the $130 range.  YAC  is no longer over-valued (as most young coins are), but is pretty much in-line with other alt-coins.  Coupled with the rise in BTC, it's gone way low.

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
St.Bit
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September 24, 2013, 03:41:10 PM
 #1205

I believe what we are witnessing is like a reverse pre-mine...
Or prices just had been too optimistic ...

When you look at http://www.yacoinstats.tk/coin-supply.html you see that new coin supply had been nearly constant over the last 3-4 month. When you estimate Yacoins marketcap for the future you have to remember that there will be far more coins by then.

At first the market was extremly over optimistic on YAC. By the time prices were at 0.4mBTC (2013-05-31) the MC wasn't looking too big for a crypto with such great features, but it would have to grow to 320kUSD* in the next 3 month just to keep that price. In other words it would have needed people to spend ~50kUSD/mo on YAC (without anyone selling their old coins.)

It seems to me that this was doomed to happen without an extreme demand for YAC. Once people noticed that YAC didn't skyrocket as expected they stoped buying. With decreasing prices from the miners others started to sell and we ended up at the current MC.

This behavour makes YAC the ideal currency once the coin growth/mc decrease period is over, but it's impossible to predict when that happens. I belive now is a good time to accumulate some Yac. Not at once, but like fixed USD per week.**

*BTC is a bad way to measure MC or value
**http://en.wikipedia.org/wiki/Dollar_cost_averaging

Sign a message and get some YAC: https://bitcointalk.org/index.php?topic=300152.0
sairon
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September 24, 2013, 03:53:49 PM
 #1206

I believe what we are witnessing is like a reverse pre-mine...
Or prices just had been too optimistic ...
<snip>
Agreed. If BTC hadn't increased in value quite steadily, but instead stagnated or even devalued, I'm pretty sure we'll still be at 0.4 mBTC per YAC. IMHO altcoins are gonna have a pretty rough time for a few months to come (I expect it to last at least until March).

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
Shoma
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September 24, 2013, 08:32:07 PM
 #1207

Is there any guide how to pos mining yacoin?
sairon
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September 24, 2013, 09:16:34 PM
 #1208

I'm having troubles mining PoS blocks. In last few days, I've used both CC and classic YACoin versions (including yacoind daemon) but no
PoS blocks were mined. I'm PoS mining occassionaly, in few hours sessions, and there are plenty of inputs older than 30 days. Compared
to previous PoS mining session times, at least few blocks should be mined by now. Another odd thing is that CPU usage is almost constantly
at 50% which is much higher than it used to be with PoS mining previously. On YACoin explorer, I have noticed less PoS blocks than one
month ago but due to PoS reward splitting there should be more PoS blocks, or it is others having PoS issues and / or not PoS mining?

What are prerequisites for PoS mining on WinXP? What OS services or add-ons YACoin uses? I have reinstalled OS recently and went for
"minimized" WinXP created with nLite, everything works fine except now YACoin PoS mining is acting strange.
It should be completely self-contained (and if something was missing it'll let you know and wouldn't start at all). The PoS mining is completely random just as PoW mining (it's the same process - hashing a block header until the hash is lower than the difficulty target). The increased CPU usage can have other causes, like validation of new blocks or coinstakes (coinstakes take much longer to validate IIRC). The PoS reward splitting is not an issue (it also joins multiple small inputs into one large output - this already happended at least once, so I'm sure it works).

Is there any guide how to pos mining yacoin?
1) launch yacoin-qt
2) get some YACs
3) ???
4) profit!

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
Gorgoy
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September 24, 2013, 09:44:20 PM
 #1209

Is there any guide how to pos mining yacoin?

Buy some YAC, or have some in your wallet and wait thirty (30) days, and then you should start Point of Stake take place. It is as simple as that. By the way, it is 5% per year the coin that are generated, and of course it is the value of your coins that are PoS. At least that is now I understand it to work. Hope it helped.

Ɏ : YEojPD2QxFVaSUypTLYhwJgmVekqoAtdE3
฿ : 1946hwLbBdLNSA1FFUY3ZvRx6j6dqvbzcE
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sairon
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September 24, 2013, 10:05:56 PM
 #1210

I'm having troubles mining PoS blocks. In last few days, I've used both CC and classic YACoin versions (including yacoind daemon) but no
PoS blocks were mined. I'm PoS mining occassionaly, in few hours sessions, and there are plenty of inputs older than 30 days. Compared
to previous PoS mining session times, at least few blocks should be mined by now. Another odd thing is that CPU usage is almost constantly
at 50% which is much higher than it used to be with PoS mining previously. On YACoin explorer, I have noticed less PoS blocks than one
month ago but due to PoS reward splitting there should be more PoS blocks, or it is others having PoS issues and / or not PoS mining?

What are prerequisites for PoS mining on WinXP? What OS services or add-ons YACoin uses? I have reinstalled OS recently and went for
"minimized" WinXP created with nLite, everything works fine except now YACoin PoS mining is acting strange.
It should be completely self-contained (and if something was missing it'll let you know and wouldn't start at all). The PoS mining is completely random just as PoW mining (it's the same process - hashing a block header until the hash is lower than the difficulty target). The increased CPU usage can have other causes, like validation of new blocks or coinstakes (coinstakes take much longer to validate IIRC). The PoS reward splitting is not an issue (it also joins multiple small inputs into one large output - this already happended at least once, so I'm sure it works).

1st PoS session, over 2 months ago = all coins were on one address and one input, it took few hours to generate stake (~1 block every few hours)
2nd PoS session, over 1 month ago = coins were on 5 addresses and like 100 inputs, it took 2 weeks to generate stakes (~1 block every few hours)
3rd PoS session, started 5 days ago = coins are on 10 addresses and like 1000 inputs (all over 10 YAC), no stake generated yet

Huh
Well, I can make a Fast'n'Furious PoS yacoin-qt build for you if you want (remove the delay so it will hash like crazy, eating 100% cpu). Should be fairly easy to do, I'll look into it tomorrow. This way we can eliminate the possibility of a bug.

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
Gorgoy
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September 24, 2013, 11:02:31 PM
 #1211

I believe what we are witnessing is like a reverse pre-mine...
Or prices just had been too optimistic ...
<snip>
Agreed. If BTC hadn't increased in value quite steadily, but instead stagnated or even devalued, I'm pretty sure we'll still be at 0.4 mBTC per YAC. IMHO altcoins are gonna have a pretty rough time for a few months to come (I expect it to last at least until March).

I absolutely agree with you all, the price of YACoin has gone down lately but I also agree that now is a great time to buy the coin. When you compare YAC to many of the the simple Bitcoin or Litecoin clones, you can see the YAC has some very impressive qualities and it does make it stand out and be unique. The coin has done extremely well, and this is even when it had no developer, pocopoco abandoned the coin almost at birth, and no active management. It has survived on it's own just from it's merit. Now when I say it has survived on it's own I do not take away the huge amount of time/energy/money that has been invested by the YAC community. WE made this coin, because we believe in this coin and because the coin has the properties that we believe will make it last the test of time.

I have invested a huge amount of time reading up on this coin and others, and have decided to stick with YAC and do what I can do best, invest in it. If you believe in the coin, invest in it. I hold a nice chunk of YAC and will continue to invest in it because I think the price drop is only temporary and the value will go up. With the current budget debacle in the US more people will turn to Bitcoin, the price of Bitcoin will go up and because YAC is valued against Bitcoin it's value will go down. I still think that YAC is priced cheap and will buy it.

OK all, I will get off my high horse and shut up. You guys are all great and you make this community and YACoin valuable.

Ɏ : YEojPD2QxFVaSUypTLYhwJgmVekqoAtdE3
฿ : 1946hwLbBdLNSA1FFUY3ZvRx6j6dqvbzcE
Ł : LczTrStBZ8b1Y4DJU59CjtYRtjKufbTXPE
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ivanlabrie
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September 24, 2013, 11:37:04 PM
 #1212

I think a fast and furious pos miner would be cool...I would dedicate 7 of my 8 threads to it and mine on my gpus with the spare core.
St.Bit
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September 24, 2013, 11:41:33 PM
 #1213

Well, I can make a Fast'n'Furious PoS yacoin-qt build for you if you want (remove the delay so it will hash like crazy, eating 100% cpu). Should be fairly easy to do, I'll look into it tomorrow. This way we can eliminate the possibility of a bug.
Sounds interresting.

As far as I understand is a PoS block generated for every imput, so those 10 adresses behave like 1000 with just one input each. The easiest would be to forward each adress to a new one via CC, but otherwise we could see if there is a bug somewhere. Has anyone experience with a single adress with a lot of eightible inputs for PoS?

Sign a message and get some YAC: https://bitcointalk.org/index.php?topic=300152.0
Joe_Bauers
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September 25, 2013, 12:00:53 AM
 #1214

I'm having troubles mining PoS blocks. In last few days, I've used both CC and classic YACoin versions (including yacoind daemon) but no
PoS blocks were mined. I'm PoS mining occassionaly, in few hours sessions, and there are plenty of inputs older than 30 days. Compared
to previous PoS mining session times, at least few blocks should be mined by now. Another odd thing is that CPU usage is almost constantly
at 50% which is much higher than it used to be with PoS mining previously. On YACoin explorer, I have noticed less PoS blocks than one
month ago but due to PoS reward splitting there should be more PoS blocks, or it is others having PoS issues and / or not PoS mining?

What are prerequisites for PoS mining on WinXP? What OS services or add-ons YACoin uses? I have reinstalled OS recently and went for
"minimized" WinXP created with nLite, everything works fine except now YACoin PoS mining is acting strange.
It should be completely self-contained (and if something was missing it'll let you know and wouldn't start at all). The PoS mining is completely random just as PoW mining (it's the same process - hashing a block header until the hash is lower than the difficulty target). The increased CPU usage can have other causes, like validation of new blocks or coinstakes (coinstakes take much longer to validate IIRC). The PoS reward splitting is not an issue (it also joins multiple small inputs into one large output - this already happended at least once, so I'm sure it works).

1st PoS session, over 2 months ago = all coins were on 1 address and 1 input, it took few hours to generate stake
2nd PoS session, over 1 month ago = coins were on 5 addresses and like 100 inputs, it took 2 weeks to generate stakes (1 block every few hours)
3rd PoS session, started 5 days ago = coins are on 10 addresses and like 1000 inputs (all over 10 YAC), no stake generated yet

As soon as I unlock wallet, CPU usage goes to around 50% and client starts reacting slowly. Few hours later client is almost not responding and
walletlock command (as a way to stop PoS mining) takes like 30 seconds to execute with yacoind (with GUI client I need to terminate process).

Huh

What OS are you using, and what YAC build?

P.S. Thanks to St Bit for the promo thread and sairon for the pull request.
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September 25, 2013, 03:53:48 AM
 #1215

The November 18th to May 31st N change is going to be very good for the Yacoin price and network.

 Wink
sairon
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September 25, 2013, 08:31:12 AM
 #1216

Well, I can make a Fast'n'Furious PoS yacoin-qt build for you if you want (remove the delay so it will hash like crazy, eating 100% cpu). Should be fairly easy to do, I'll look into it tomorrow. This way we can eliminate the possibility of a bug.
Sounds interresting.

As far as I understand is a PoS block generated for every imput, so those 10 adresses behave like 1000 with just one input each. The easiest would be to forward each adress to a new one via CC, but otherwise we could see if there is a bug somewhere. Has anyone experience with a single adress with a lot of eightible inputs for PoS?
No, those 10 addresses behave like 10 addresses. The PoS miner tries to add multiple small outputs into one block if it thinks it's necessary, but only from the same address (IIRC)

I think a fast and furious pos miner would be cool...I would dedicate 7 of my 8 threads to it and mine on my gpus with the spare core.
.
I'm quite sure one thread will be enough. Cheesy

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
SirMintALot
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September 25, 2013, 09:55:50 AM
 #1217

The November 18th to May 31st N change is going to be very good for the Yacoin price and network.

 Wink
Im not sure it will change much. With the last N change my 7790 lost 80% hashrate and my 7950 lost 40% hashrate, the funny thing is Im getting more coins than before. The CPU miners where also affected by the change (I guess 50% drop). IMHO the GPUs with lots of memory like the 7950 (3GB) are the winners, while normal GPU cards with 1GB RAM like the 7790 and CPUs are the losers. I guess it ill take another 1 or two N changes to hit those High End cards harder as well, but the small GPUs and CPUs are hit even worse with every N change. So I will probably get an AMD Hawaii (4 GB RAM, 512 bit memory Interface) for YACoin mining  Tongue

BTC: 142BHpdq4wey7PC3Cp5QiUoshF19u3yvHN LTC: LbiEUDYjohwpXnv1Gd4LvdGr1Jr1M5Usjc NMC: N3eeYkWqeLFWBJRmS3WyU1zz6WgKkjEVtb
IXC: xtR8uc2EFGWFJgrVEgZZ5yvRsWKhwAg8ZH DVC: 18oVWfSqHjvhJEuHHxsDpCfBeDMuLWyh5p CLR: CGZGWW16sooX69PJBEtJH2Xmo4KFupkow7
PPC: PLJ5uzFw21FkKdSrmfccT3MqubSfSB4soE YAC: Y7FM89AiFhWKBcXh2BzzRaw4eUAYkreXbs LBW: 5ygEWM7dMjeUV2sBeppTvkTTXCkeREKqf2
I0C: jatiogvXJYhK7auegbjPnQRV3kQgFvz482 JPU: JE7fhhPfP1Kjyd1hj8zevNsf7THeMqHo6A NVC: 4Hvecu2fzC2rCwYbKBeYXr8y9pdAZLFZHH
ivanlabrie
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September 25, 2013, 11:30:28 AM
 #1218

The November 18th to May 31st N change is going to be very good for the Yacoin price and network.

 Wink
Im not sure it will change much. With the last N change my 7790 lost 80% hashrate and my 7950 lost 40% hashrate, the funny thing is Im getting more coins than before. The CPU miners where also affected by the change (I guess 50% drop). IMHO the GPUs with lots of memory like the 7950 (3GB) are the winners, while normal GPU cards with 1GB RAM like the 7790 and CPUs are the losers. I guess it ill take another 1 or two N changes to hit those High End cards harder as well, but the small GPUs and CPUs are hit even worse with every N change. So I will probably get an AMD Hawaii (4 GB RAM, 512 bit memory Interface) for YACoin mining  Tongue

My thoughts exactly...I'm gonna sell my 7970 and grab one of those.
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September 25, 2013, 01:33:55 PM
 #1219

Pushing CPU to 100% is not the right solution. Idea behind PoS is to use very little power to run the network, a so called eco-friendly cryptocoin.
Never said it's a solution. I proposed it as a troubleshooting procedure.

GPG key ID: 5E4F108A || BTC: 1hoardyponb9AMWhyA28DZb5n5g2bRY8v
aso118
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September 25, 2013, 05:22:01 PM
 #1220

I think a fast and furious pos miner would be cool...I would dedicate 7 of my 8 threads to it and mine on my gpus with the spare core.

I agree - Sometimes I'm sitting on several transactions that are older than 30 days, but haven't minted yet.  It would be really nice to turn on a 'fast and furious POS miner' (might be a good name btw, lol) and mint several of them.


*snip*
The PoS reward splitting is not an issue (it also joins multiple small inputs into one large output - this already happended at least once, so I'm sure it works).

I did see this happen a few times in my wallet - where several small transactions merged through a POS block and ended ~11 YAC in size.   I did have a POS that didn't again recently.

http://yacexplorer.tk/tx/996917e79b248e35cb4c5f98df7e7cda6a5bd1caf1dcb908e2f871fe51681dbf#i0

I'm not sure why sometimes it will merge small transactions, and other times it doesn't.   As you can see from the link above, when it doesn't merge with another transaction, any profit is lost.

 

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