[ANN][YAC] YACoin ongoing development

[ivanlabrie]

I think gpu miners dropped a lot of coins at bter...price is quite low atm, which sucks.
I personally am hoarding and minting PoS blocks, while mining something else atm. I may direct my servers to yac soon if a primecoin gpu miner comes out.

[gyverlb]

I think gpu miners dropped a lot of coins at bter...price is quite low atm, which sucks.
I personally am hoarding and minting PoS blocks, while mining something else atm. I may direct my servers to yac soon if a primecoin gpu miner comes out.

I'm curious about PoS minting. What is the expected income for Novacoin/PPcoin/Yacoin ?
AFAIK minting is based on freezed coins. Is minting possible with an active wallet (ie: with regular incoming and outgoing TXs) or is it better to make a dedicated wallet with only incoming TXs ?

[ivanlabrie]

I think gpu miners dropped a lot of coins at bter...price is quite low atm, which sucks.
I personally am hoarding and minting PoS blocks, while mining something else atm. I may direct my servers to yac soon if a primecoin gpu miner comes out.

I'm curious about PoS minting. What is the expected income for Novacoin/PPcoin/Yacoin ?
AFAIK minting is based on freezed coins. Is minting possible with an active wallet (ie: with regular incoming and outgoing TXs) or is it better to make a dedicated wallet with only incoming TXs ?

There's a command to reserve a certain amount and let the rest be held for PoS minting...look for it in the ppc threads, can't recall atm since I'm not using it.

[gyverlb]

I think gpu miners dropped a lot of coins at bter...price is quite low atm, which sucks.
I personally am hoarding and minting PoS blocks, while mining something else atm. I may direct my servers to yac soon if a primecoin gpu miner comes out.

I'm curious about PoS minting. What is the expected income for Novacoin/PPcoin/Yacoin ?
AFAIK minting is based on freezed coins. Is minting possible with an active wallet (ie: with regular incoming and outgoing TXs) or is it better to make a dedicated wallet with only incoming TXs ?

There's a command to reserve a certain amount and let the rest be held for PoS minting...look for it in the ppc threads, can't recall atm since I'm not using it.

Actually I would prefer the reverse: hold a fixed amount for PoS minting and move the rest at will (for selling on an exchange).

[Thirtybird]

I think gpu miners dropped a lot of coins at bter...price is quite low atm, which sucks.
I personally am hoarding and minting PoS blocks, while mining something else atm. I may direct my servers to yac soon if a primecoin gpu miner comes out.

I'm curious about PoS minting. What is the expected income for Novacoin/PPcoin/Yacoin ?
AFAIK minting is based on freezed coins. Is minting possible with an active wallet (ie: with regular incoming and outgoing TXs) or is it better to make a dedicated wallet with only incoming TXs ?

There's a command to reserve a certain amount and let the rest be held for PoS minting...look for it in the ppc threads, can't recall atm since I'm not using it.

Actually I would prefer the reverse: hold a fixed amount for PoS minting and move the rest at will (for selling on an exchange).

My thought to do this was like I do with my checking and savings accounts in real life.  Funds from work (mining) come into the checking, and that gets spent, sent to exchanges, etc.  But to save and get interest (PoS), I send it to the savings account (a second wallet), and never touch anything there and just let it accrue interest.

two wallets - one for spending, one for PoS... $.02

[bandjhughes]

I admit I left yacoin after the last N update after I couldn't get my GPU to mine it well and got tired of the blue screen crashes while trying to.  Plus started using my CPUs for mining Primecoin.  Wanted to get back to Yacoin recently, but the trouble is my wallet crashes with a warning to "try deleting everything but the wallet.dat file and retry".  I did that, but still get the hard crashes.  What I mean by "hard crash" is it gives me a C++ fatal error warning message then automatically closes the wallet. I get no options to do anything.

I was using a wallet version from Windmaster.  So I tried the original wallet--that too crashes.  Once again cleared out everything but the wallet.dat file and retried yet again--still have the hard crash. Has there been an update to the wallet that is necessary?  Has my wallet become hopelessly corrupted (do to the weeks of neglect)?  Am I SOL?    

Thx

And no, I wasn't smart enough save the most recent wallet in a backup.  I do have an old backup, but it's missing a bunch of coins.

[Sahtor]

try running yacoind from commandline.

Code:

./yacoind -daemon
./yacoind help
./yacoind getinfo
./yacoind listaccounts
./yacoind sendtoaddress newaddress 1000
./yacoind dumpprivkey oldaddress
./yacoind stop
tail ~/.yacoin/debug.log -n 100

Make sure your backup wallet is safe and try starting a new client without the .yacoin directory. The crashes don't seem to relate to your wallet though. It's something else.

[Sahtor]

http://yacoin.org/

Updated with new design and some new clients. Hopefully next update has even more official looking ones.

You can send fixes and suggestions to Yacointalk admins or zhaojundong who hosts the site.

Thanks to mikaelh, hanzac and crendore for their compiled clients

[dcl595]

looks good

[ivanlabrie]

Looks great man, yacoin deserved a better page. 

[Joe_Bauers]

http://yacoin.org/

Updated with new design and some new clients. Hopefully next update has even more official looking ones.

You can send fixes and suggestions to Yacointalk admins or zhaojundong who hosts the site.

Thanks to mikaelh, hanzac and crendore for their compiled clients

Very nice!  I will be sending some YAC's your way. I call on everyone that can afford it to do the same.

[igysa]

great looking place ! great work !
my favorite coin really.

by the way.. some really nice buy orders on Bter and Cryptsy
rise !

[wetroof]

I have criticism sorry. here it is: I don't like the "stock photo" of the guy in a suit.otherwise nice job...

[Beave162]

I'm putting my CPU back on YaCoin.  I love PrimeCoin and the concept, but I just think YaCoin has a better long-term future.  The market seems to favor the Proof-of-Stake minting--who would have thought NovaCoin would do so well.  And it looks like someone is taking big advantage of these PrimeCoin-induced low prices.

[kentt]

I have criticism sorry. here it is: I don't like the "stock photo" of the guy in a suit.otherwise nice job...

I agree.  Great site, but the stock photo is not good.

[digger]

what's the future of Yacoin?

[cycloid]

http://yacoin.org/

Updated with new design and some new clients. Hopefully next update has even more official looking ones.

You can send fixes and suggestions to Yacointalk admins or zhaojundong who hosts the site.

Thanks to mikaelh, hanzac and crendore for their compiled clients

OMG this site look horrible !!!
 
 

[wetroof]

the problem with yacoin is an increasing block reward i.e inflation. investors would like to know how many coins will be minted. or at least that the rate will decrease over time. ppcoin has provided this with a block reward scaled to difficulty (which yacoin implements). but YAcoin undermines that system since every N increase the work miners do is cut in half, followed by decreasing difficulty. 2 months ago the block reward was 18, its now 30.

[ivanlabrie]

the problem with yacoin is an increasing block reward i.e inflation. investors would like to know how many coins will be minted. or at least that the rate will decrease over time. ppcoin has provided this with a block reward scaled to difficulty (which yacoin implements). but YAcoin undermines that system since every N increase the work miners do is cut in half, followed by decreasing difficulty. 2 months ago the block reward was 18, its now 30.

Wrong, block reward is higher, yet hash rate is halved every time N changes...

[Sahtor]

I think the current inflation is just correcting the eager launch. Anyone new can join in and start mining a decent share of the blockchain. Yacoin still has the potential to gain popularity, increase hashrate and see deflation in block rewards at the same time.

In economic theory PPCoin relatives were always more open to inflation than deflation. Takes some time for users to learn that their coin might not rise in price forever.