[ANN][YAC] YACoin ongoing development

[Joe_Bauers]

YAC which doesn't have a dev team, and a strong community.

?


YAC has two devs (along with the fact that ANYONE that is able can contribute on github), and you can view part of the community (just those running nodes) under the network graphs at yacexplorer.tk, which seems rather strong to me.

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[ilostcoins]

I'm curious how the coming N change will affect my GPU hashrate. The last change brought my rate from about 30kh/s to 7.5kh/s. I'm guessing around 20% left after this one. That'd still be much higher than my CPU, which I think is around 0.3kh/s now.

Despite the low market price, YACoin still has some of the best developer support around here.

[seleme]

OK guys, I still have some YACs, make them be worth 1$ each and I say you're right 

[cryptrol]

YAC which doesn't have a dev team, and a strong community.

?
YAC has two devs (along with the fact that ANYONE that is able can contribute on github), and you can view part of the community (just those running nodes) under the network graphs at yacexplorer.tk, which seems rather strong to me.

I am talking about the original developer, he just released the code and disappeared, kinda shady (and please don't tell me Satoshi did the same, you just can't compare).

Then the initial distribution of the coins and the addresses with 400000 YAC from the beginning. I have also mined YAC during the LONG period it was more profitable than LTC in order to convert it to BTC.

The permanent misconceptions about mining YAC : CPU only , mining YAC with GPU would become impossible in the near future just FUD around YAC.

This could all have been avoided with some "official" face behind YAC.

Having said that, I appreciate the work and efforts by the current developers to further develop YAC (including COIN CONTROL which was a great feature).

[bitdwarf]

I am talking about the original developer,

Bleh, a developer is a developer is a developer. pocopoco is not Jesus _^yet.

[St.Bit]

OK guys, I still have some YACs, make them be worth 1$ each and I say you're right 

For that huge prices YAC would have to be among the biggest 3 cryptos ...
Remember how many coins will be generated each year and how many are already existing and will POS.

This isn't like PPC where most coins are already owned by someone. PPCoins price depends on what people are willing to sell while YACurrency's depends on what people are willing to buy. That's a huge benefit for something used as currency, but that won't make you soo extreme rich if it get's established like bitcoin has/would.

The dev thread seems to be a bad place to discuss this so maby we should start an "Economics on YAC" thread.
I could write some thoughts on this, but not sure if people interrested. Interrested?

[Joe_Bauers]

Interrested?

Yes!

[obermensch]

Well said, aso118!

Doesn't look good for YAC to be honest, as someone said XPM took the market YAC was aiming to and I'm afraid there's no recovering from this. I myself lost 2 BTC on YAC, definitely wasn't expected this but the group of CPU coins that came later, with XPM as a winner of that group just took attention from it.

Guess WindMaster and other big boys dumped their bags too, it's obvious he is not interested anymore too.

Sometimes you just have to accept defeat and move on.

I have lost a lot more than 2 BTC, and I am ok with that!--as opposed to being not ok with all the BTC I lost in FTC and TRC (So glad to see those crap coins removed from btc-e)

Windmaster left because he was looking for that quick buck as an early investor.  Plus, he had to deal with so many people wanting the same thing.  People have left other coins mostly because the ridiculous reward for early-comers (straight-up premine and the virtual premine of 0 difficulty).  People have left YACoin for the exact opposite reason.  I believe the ones sticking it out now are mostly people who actually believe in the long-term viability of the coin, the future alternative currency of the world.

Well said 

[obermensch]

Doesn't look good for YAC to be honest, as someone said XPM took the market YAC was aiming to and I'm afraid there's no recovering from this. I myself lost 2 BTC on YAC, definitely wasn't expected this but the group of CPU coins that came later, with XPM as a winner of that group just took attention from it.

YAC has never been a CPU coin, if there is someone still mining YAC with CPU he is plain STUPID.

This alt coin market (YAC included) have one purpose : mine while profitable and convert to BTC. Investing big money in alts is way too risky, especially in coins that like YAC which doesn't have a dev team, and a strong community. Because being a HOLDER does not make you part of a community, it makes you an speculator.

I mine Yac with CPU, i get 2-3 blocks a day =)

[aso118]

Interrested?

Yes!

Second!

[indiamikezulu]

Yes.

[Beave162]

YAC which doesn't have a dev team, and a strong community.

I am talking about the original developer, he just released the code and disappeared, kinda shady (and please don't tell me Satoshi did the same, you just can't compare).

Satoshi did the same.

I think the YACoin devs are awesome btw.

I am a proud CPU miner.  Is it possible/worthwhile to mine with a cudaminer?  (Nvidia card)

[senj]

YAC has never been a CPU coin, if there is someone still mining YAC with CPU he is plain STUPID.
...

Maybe Yacoin was too GPU friendly before, but since GPU miners are dropping out with each N increment, coins are now beginning to be more evenly distributed among plain PC users.
I have extracted daily reports from my account at http://yac.ltcoin.net/ and made a chart of "income" (1 bar = 1 day):





Last N-factor change on September, 30th really made a difference ( source: http://yacexplorer.tk/graphs.htm ):

[ilostcoins]

Maybe Yacoin was too GPU friendly before, but since GPU miners are dropping out with each N increment, coins are now beginning to be more evenly distributed among plain PC users.
I have extracted daily reports from my account at http://yac.ltcoin.net/ and made a chart of "income" (1 bar = 1 day):





Last N-factor change on September, 30th really made a difference ( source: http://yacexplorer.tk/graphs.htm ):

This is the first time I've seen actual data on YACoin CPU mining. Very informative, thank you. 

[sairon]

Impressive.

[St.Bit]

YAC has never been a CPU coin, if there is someone still mining YAC with CPU he is plain STUPID.
...

Not everyone sees mining as a fulltime profession that has to be profitable.

I don't think a CPU on idle is smarter than a CPU mining YAC. Calling someone stupid without considering his circumstances and motivations is just beeing stupid aswell. Mining on CPU can be smart for some and stupid for the others...

Maybe Yacoin was too GPU friendly before, but since GPU miners are dropping out with each N increment, coins are now beginning to be more evenly distributed among plain PC users.
I have extracted daily reports from my account at http://yac.ltcoin.net/ and made a chart of "income" (1 bar = 1 day):

A n-change is an occasion to stop mining ...
Prices in May were by far higher than they are now so your chart has no real significance without taking prices(USD) somehow into consideration. That effect is probably magnitudes stronger than any n-change could possibily have done.

Last N-factor change on September, 30th really made a difference ( source: http://yacexplorer.tk/graphs.htm ):

I really hope so.
CPU POW is a great way to distribute new coins to a lot of different people.

[senj]

Although I haven't been GPU mining myself, I have been following some GPU miners and they started selling a couple of months ago because of the HW errors due to N increase, huge problems with mining on low memory GPU cards and realization of eventual non-profitability over CPU miners.
They also thought the market is completely theirs and there will be no buyers or sellers after they are gone. So they panicked and collapsed the price by running off. But market should slowly fill up with new participants. If that is going to be the case or no is hard to predict.
So the price movement is not unrelated to N factor change.

[aso118]

Although I haven't been GPU mining myself, I have been following some GPU miners and they started selling a couple of months ago because of the HW errors due to N increase, huge problems with mining on low memory GPU cards and realization of eventual non-profitability over CPU miners.
They also thought the market is completely theirs and there will be no buyers or sellers after they are gone. So they panicked and collapsed the price by running off. But market should slowly fill up with new participants. If that is going to be the case or no is hard to predict.
So the price movement is not unrelated to N factor change.

Agreed, there was a lot of large dumps after the last few N-factor increases.  People seem to forget that this coin was intended to be 'fairly' mined.  Wasn't the motto on the yacoin.org page 'wither you have a processor or a 5770 graphics card, you can still mine this coin.'  Well I'm proud to say my i7 and my 5770 are getting the same mining speed today.  And everyone with computer, has a processor, and will continue to be able to mine. 

btw - nice graph / data above.    I too have noticed a huge increase to the number of coins I've been making per day from my processor (also set on low settings).  I think after this next N-increase (in ~4 days), even fewer GPU mining farms will participate.  And I believe soon after (it might take another N-increase or three), we will begin to see the switch from 'mine-and-dump' sellers to 'investors' buyers.

[indiamikezulu]

These last posts have been very helpful.

IndiaMikeZulu

[aso118]

Question to the developers or anyone more tech savvy then me....

I keep reading a lot of cloud mining XPM through cloud servers.  I'm not sure I really understand how it works - but would it be possible to 'cloud mine' YACoin?