[ANN][YAC] YACoin ongoing development

[AGD]

Since I started with POS (walletpassphrase xxxxxxxx 999999999 true) over one month ago, I have some difficulties with the client:

1. No POS blocks found, no rewards or anything recieved

Add lines listed bellow to yacoin.conf file and restart wallet afterwards.

Code:

server=1
rpcuser=someusername
rpcpassword=somepassword
gen=0

2. Starting the client takes 5-10 minutes, sometimes crashes

Slow startup is normal. I've experienced crashes too but very rarely. What version of wallet are you using anyway?

3. Most important: I hardly can send yacs to another wallet or trading platform or anything. Error: Transaction creation failed. I already tried dividing into 500Yac pieces and even smaller. Once in a while (like 1 of 10) a transaction gets through with a high fee (12YAC at the last try of 350Y). After a failed transaction the client crashes most of the time.

Using menu Settings > Options > tab Main check if your additional transaction fee is 0.000000 if not set it to that value. It is extra fee that will
be added to each and all transactions, on top of default 0.01 YAC fee. As sairon mentioned, it could be you are having many small inputs so of
course that transaction fee will be high in case you want to "merge" all those small inputs into big one. A lot of data must be moved and checked
by all other nodes on network. The more data, the higher transaction fee. Just send less coins per transaction.

4. Some of the transaction that work, keep getting unconfirmed until I start the client with --rescan.

It is -rescan actualy. You might try some other wallet version and eventualy reinstall your OS.

No good lord no. How is that stupid 'Yak' imagery not killed off yet? The value of fiat is based off of perception, and a funny-looking animal as the symbol is great to sway the perception of an outsider? The issue has already been addressed earlier in this thread... here are the logos to use, but I obviously like the one in my profile... http://imgur.com/NyRv4oc,NrPE30u,tHZ59ga,7BGBnGI,WzSU1Mc,ny0zcw3,tH5L9QA,tf0HQqq,BeYDNvK,MLL536l,1wlxCzx#8

I agree, your logos are so much better. What I like the most is separation from idea that coin must be round.

Thanks for your help. I could lower the fee and I even made some transactions now. Still some of them stick with the "transaction creation failed" error. The rest keeps still bothering me (slow start, crashes etc). I will send all the Yacs to another computer and delete the old wallet.

You wrote "server=1" and "gen=0" in the config file? Is it a must to have the server option activated to mine POS blocks and I can't use the client for mining?

[ilostcoins]

well, unconfirmed transactions are kept in client memory until they either get into a block or get overwritten by another tx spending the same input (double-spend, usually with a higher fee and thus higher priority) or they expire (in case of blockchain.info server, the expiration period is 7 days IIRC, standard bitcoind/bitcoin-qt has it unlimited AFAIK, but it clears on restart -- that's why it can get confirmed even if blockchain.info is no longer showing the tx as pending). for example: you send 1 btc with zero fee, it gets stuck at unconfirmed for a week, blockchain.info removes it from their list of pending transactions but some mining pool does not, later that pool mints a block with a two weeks old tx and it's confirmed now. hope i explained it clearly.

You explained well, thanks. 

[Thirtybird]

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.

[eule]

I agree with Bitcoin Megastore's points, never change a running system, unless it is necessary.
Yacoin sounds great too imo, I doubt more than 10% of the people holding YAC know what the abbreviation stands for.

[BChydro]

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.

[ilostcoins]

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'm only getting ~30kh/s (gigabyte 7950). Any tips on settings that can get more?

[Thirtybird]

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.

[St.Bit]

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.

I wouldn't agree on that completly:

Bitcoin mining is far bigger and there isn't such an risk (f.e. slippage,vola,...) for miners so profitability has to be far greater than for BTC or LTC to compete. I also don't see the current marketcap as "just adjusting" since that 60k panicdump pushed it into very dangerous waters for short. I'm glad that we got out of there so fast and the orderbook is finally somewhat in relation with the marketcap.

I really like that so many people are willing to invest not only time but also some hard earned cash on such a damm risky thing. If some you disagree on damm risky thing some you are definitively on the wrong train and will get disapointed. Maby not by YAC, but definitively in your other "safe" investments. This is no "get rich train" so don't get greedy.

I will definitely fix the 0 fee issue for YAC.

Nothing to fix there since hard-coded minimum fee is 0.01 YAC.

Not that I'm aware of ... 0000000449020b4994e4a857004cf31e1021c7616cacdd7aacdfc42e5d3fdc5d

If it's a very small txt I don't think we should pay fees at all. Could I actually save fees by including massive transactions in my own PoS blocks?

[sairon]

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.

I wouldn't agree on that completly:

Bitcoin mining is far bigger and there isn't such an risk (f.e. slippage,vola,...) for miners so profitability has to be far greater than for BTC or LTC to compete. I also don't see the current marketcap as "just adjusting" since that 60k panicdump pushed it into very dangerous waters for short. I'm glad that we got out of there so fast and the orderbook is finally somewhat in relation with the marketcap.

I really like that so many people are willing to invest not only time but also some hard earned cash on such a damm risky thing. If some you disagree on damm risky thing some you are definitively on the wrong train and will get disapointed. Maby not by YAC, but definitively in your other "safe" investments. This is no "get rich train" so don't get greedy.

I will definitely fix the 0 fee issue for YAC.

Nothing to fix there since hard-coded minimum fee is 0.01 YAC.

Not that I'm aware of ... 0000000449020b4994e4a857004cf31e1021c7616cacdd7aacdfc42e5d3fdc5d

If it's a very small txt I don't think we should pay fees at all. Could I actually save fees by including massive transactions in my own PoS blocks?

No hard-forks please.

[Joe_Bauers]

It would matter big time. It seems you guys are not aware on how many places YACoin should be changed to YACurrency. It is not just domains,
it is wallet code, pools, posts and so on. All indexing done by Google and other search engines would be nulled. All archives like Wayback Machine
would contain info about altcoin that is practically no more. All occurences that can not be changed would point to old altcoin without any pointer
to new one.

Yeah, I agree. YaCurrency doesn't work

Perhaps it should have been clarified, but the name only refers to the acronym of YAC which was initially deemed to be "Yet Another Coin" - While the "Yet Another" naming convention is a cute/clever way to name some other open source apps, it doesn't convey a good deal of confidence in a coin.

So, no matter what is voted for, the name will still be YACoin.

Copied from the voting thread so everyone is on the same page.

[cycloid]

We should really move up the PoS minting rate up to 20-45% to encourage long term holding of a coin, with a steady decline each year say 5-10% minting decrease or proportional to speed of network. Annual set decrease is good and simple enough i think.

 This way even non miners will be holding this coin and helping us increase supply and circulation, while attracting more investors to either buy the coin or mine and hold it.

Implementing this strategy will surely allow this coin to survive for a few years which in this market could be do or die for most alts.

Think about it, as the adaptation grows and more and more ppl choose to hold due to potential ROI of PoW + PoS mint, the price will stabilize and as PoS slowly start to decrease over next few years, coins will start to circulate more with out massive dumps and produce a very good alternative coin to ltc.

I think this strategy could really help make this "an average man coin" since you will have ability to mine with cpu, if you cant buy and then hold and really build up holdings with out massive rigs, while mining with what you can and help the network. "Big" guys will be attracted to come in and buy up coin with renewed interest or mine it on larger scale as they see "an average man" making good ROI, which in turn will make average in to big.


My two Yacs

 Since we are still a small core group, I would like to suggest a vote on this and possibly a donation bounty to anyone capable of developing such a fork.

Our coin is 74k usd market cap at the moment on coinmarketcap.com and it is all due to dumping, which we need to address.

Would love to see what you all think ?

[sairon]

We should really move up the PoS minting rate up to 20-45% to encourage long term holding of a coin, with a steady decline each year say 5-10% minting decrease or proportional to speed of network. Annual set decrease is good and simple enough i think.

 This way even non miners will be holding this coin and helping us increase supply and circulation, while attracting more investors to either buy the coin or mine and hold it.

Implementing this strategy will surely allow this coin to survive for a few years which in this market could be do or die for most alts.

Think about it, as the adaptation grows and more and more ppl choose to hold due to potential ROI of PoW + PoS mint, the price will stabilize and as PoS slowly start to decrease over next few years, coins will start to circulate more with out massive dumps and produce a very good alternative coin to ltc.

I think this strategy could really help make this "an average man coin" since you will have ability to mine with cpu, if you cant buy and then hold and really build up holdings with out massive rigs, while mining with what you can and help the network. "Big" guys will be attracted to come in and buy up coin with renewed interest or mine it on larger scale as they see "an average man" making good ROI, which in turn will make average in to big.


My two Yacs

I'm strongly against making any hardfork-requring changes to the YAC protocol. Just my two YaCents.

[cycloid]

I think there is a way to do it with out hard fork, Novacoin did recently and got their POS to 53% which shot their price up to $6 per coin at some point. Now since btc is rocking its adjusting a bit, but I am sure we will see it at $6+ again, once btc stop the run and money comes back to alts in new fear of btc drop, as always.

[sairon]

I think there is a way to do it with out hard fork, Novacoin did recently and got their POS to 53% which shot their price up to $6 per coin at some point. Now since btc is rocking its adjusting a bit, but I am sure we will see it at $6+ again, once btc stop the run and money comes back to alts in new fear of btc drop, as always.

If there was a way, what would stop me from generating my PoS blocks with 1000000% rewards?

[cycloid]

I think there is a way to do it with out hard fork, Novacoin did recently and got their POS to 53% which shot their price up to $6 per coin at some point. Now since btc is rocking its adjusting a bit, but I am sure we will see it at $6+ again, once btc stop the run and money comes back to alts in new fear of btc drop, as always.

If there was a way, what would stop me from generating my PoS blocks with 1000000% rewards?

Good point, guess there was something done to fork it.

[sairon]

Someone who can get us on this list? https://bitcointalk.org/index.php?topic=273148
Maybe Bitcoin Megastore can start accepting YAC?

[cycloid]

Someone who can get us on this list? https://bitcointalk.org/index.php?topic=273148
Maybe Bitcoin Megastore can start accepting YAC?

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

[sairon]

Someone who can get us on this list? https://bitcointalk.org/index.php?topic=273148
Maybe Bitcoin Megastore can start accepting YAC?

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.

[Beave162]

Someone who can get us on this list? https://bitcointalk.org/index.php?topic=273148
Maybe Bitcoin Megastore can start accepting YAC?

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!

[BChydro]

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...