[ANN] ** NEW SITE bitgem.pw ** BTG BitGem 0.4.9.ALPHA1 | COLORED COINS | FAUCET

[mullick]

Yees the main differance from ppc and novacoin are that nvc uses scrypt. Novacoin also has a pos roi which is calculated by the pos difficutly but yes basically ppc

[MobGod]

Yees the main differance from ppc and novacoin are that nvc uses scrypt. Novacoin also has a pos roi which is calculated by the pos difficutly but yes basically ppc

Ok so mega is more like btc correct no script?

[mullick]

Yees the main differance from ppc and novacoin are that nvc uses scrypt. Novacoin also has a pos roi which is calculated by the pos difficutly but yes basically ppc

Ok so mega is more like btc correct no script?

Mega uses scrypt as well. The main difference between mega and the other ltc clones that have come out is Mega uses the new 0.8.2 bitcoin code while litecoin and others use an older code base.

Scrypt is just the proof of work algorithm. Bitcoin uses sha-256 while bitgem, litecoin and most other new coins use scrypt.

Difficulty is on the rise again .8!

[MobGod]

Yees the main differance from ppc and novacoin are that nvc uses scrypt. Novacoin also has a pos roi which is calculated by the pos difficutly but yes basically ppc

Ok so mega is more like btc correct no script?

Mega uses scrypt as well. The main difference between mega and the other ltc clones that have come out is Mega uses the new 0.8.2 bitcoin code while litecoin and others use an older code base.

Scrypt is just the proof of work algorithm. Bitcoin uses sha-256 while bitgem, litecoin and most other new coins use scrypt.

Difficulty is on the rise again .8!

what is the block time and block period ?

[mullick]

Yees the main differance from ppc and novacoin are that nvc uses scrypt. Novacoin also has a pos roi which is calculated by the pos difficutly but yes basically ppc

Ok so mega is more like btc correct no script?

Mega uses scrypt as well. The main difference between mega and the other ltc clones that have come out is Mega uses the new 0.8.2 bitcoin code while litecoin and others use an older code base.

Scrypt is just the proof of work algorithm. Bitcoin uses sha-256 while bitgem, litecoin and most other new coins use scrypt.

Difficulty is on the rise again .8!

what is the block time and block period ?

Block target is 10 minutes. Difficulty Retargeting is every block

[Badman0316]

difficulty was rising
0.91 now

[mullick]

difficulty was rising
0.91 now

Still rising. Congrats people Difficulty hit 1 today

"difficulty" : 1.00200294

[mullick]

Come check out the new forums

https://cryptocointalk.com/forum/173-bitgem-btg/

Enter in the Bitgem Lottery. With a 5 BTG starting jackpot and 100% payout to the winner

https://cryptocointalk.com/topic/618-bitgem-lottery-25btg-entry-fee-entries-end-62113-10pm-cst-100-payout/

Entry fee for the lottery can be obtained through the Bitgem Giveaway. Limited giveaway funds until end of lottery

https://cryptocointalk.com/topic/306-bitgem-giveaway-thread-currently-25-bitgem-new-update/

If you are a capable and would like to support Bitgem check out the Bitgem bounty thread!

https://cryptocointalk.com/topic/617-bitgem-bounty-thread-support-btg-and-get-paid/

Please consider donating to the bounty's or the giveaway Enjoy!

[mineral]

Updated wallet, just added checkpoints. https://bitcointalk.org/index.php?topic=207008.0

[jayjay2244]

Im the only person mining on the pool btw why does it need to install? i upped the uninstaller to virustotal, and it was detected...
Any coins going spare?.. gm4vmvrLXVW7UVbvMFY2p1hgJSJLrykUzg

[sterob]

WTS 57 bitgem PM me offer

[derpcoin]

Is anything ever going to happen with this coin? It just seems to be not going anywhere. Yes holding onto it and not going to a exchange may make it more valuable or maybe not, Who knows.

I see so many other shitcoins make it onto crypto rather quick why not this one?

[HuuHachu]

The main problem with this coin is that almost whatever time you spend mining it now, it's almost useless because you gain peanuts compared to what was mined on the first day.
If the coin goes to an exchange, the few big holders will control the price.

Said otherwise, if you don't already hold a significant amount, you can only make the others rich

look at the "total supply" graph on this page if you don't believe me ...

http://cryptometer.org/bitgem_90_day_charts.html

[mullick]

The main problem with this coin is that almost whatever time you spend mining it now, it's almost useless because you gain peanuts compared to what was mined on the first day.
If the coin goes to an exchange, the few big holders will control the price.

Said otherwise, if you don't already hold a significant amount, you can only make the others rich

look at the "total supply" graph on this page if you don't believe me ...

http://cryptometer.org/bitgem_90_day_charts.html

Those charts I dont believe are correct exactly. The 90 day is only 18 long and says no blocks were generated on day 6? The hashrate has been low since about day 6 so that is part of the reason for slow coin generation.

Keep in mind bitgems are only 34 days old as of now. POS blocks are starting to be generated. It will be interesting to see how minerals ROi calculation adjustments pan out. As with any ppc/nvc based coin day 30 is where the real fun begins. Actually come to think of it these are the only 3


Same thing happened with novacoin. Its How it goes. Because of proof of stake which promotes holding your coins It makes for a stable market Look at NVC graph. The last 2 months are solid

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nvc-btc&market=btc-e


I have given away most of my 3 btg blocks. And still giving away more  You could enter the bitgem lotto for free with my giveaway. Both can be found at the official forum here.  https://cryptocointalk.com/forum/173-bitgem-btg/

[collapse]

POS reward?

After some blocks found with POS I can only see +0.00 coins.
Expected reward of POS found block? How this works?

[mullick]

POS reward?

After some blocks found with POS I can only see +0.00 coins.
Expected reward of POS found block? How this works?

POS seems to be more complicated than I had thought maybe mineral or balthazar would be better to explain it for now. I am going to try to put together a information thread about it after I do a little more research. Hopefully in a day or two. It will be over at the forums. For now this is what I know but it may be off in some parts.

POS blocks can earned just by having your wallet open. And "unlocked for minting" (either not encrypted or unlocked by various methods )

Say you receive one coin on the first on the month. You dont touch that coin. You receive another 1 on the 15th. On the first of the next month the first coin will become eligible for pos rewards. The other will on the 15th.

If you hit a pos block the amount that was eligile will become "staked" the sum of the pos block you receive will be a % of the staked coins. Both the pos block and your staked coins will be unavailable for 520 confirmations.

I have seen people saying that pos blocks show as 0 until the are confirmed or until they close and reopen the client. This is all novacoin I have read about as bitgem pos blocks only started about 6 days ago.

There is a way to set coins to not be up for pos rewards. So they do not get locked by hitting a pos block. But I dont know the method off hand.

Again I will put all the info a thread over at the forums. There is already a lot of info there

[Petr1fied]

I think the main problem with BitGem finding it's way to an exchange is the RPC command getbalance doesn't work properly on bitgem:





These images are taken from the daemon I self compiled for use on my Blackjack site (latest code). I need to query the balance of the dodgy_balance account just so that I can find out how much to offset the balance of any player accounts by. This issue affects all accounts aside from the default account and the value output is not set, it varies.

The BitGem daemon is the only daemon to do this out of 20+ I currently use. This is obviously a major barrier against BitGem being added to an exchange.

[mineral]

----

[mineral]

Hi,  I implemented a simple 4Cs gemstone infrastructure model, modelling Carat, Color, Clarity and Cut vars.

Get the 'sapphire' branch of my repo and build. https://github.com/bitgem/bitgem/tree/sapphire

Use getgems RPC method for translate BTGS into specific gems.

Code:

bitgem:~/bitgem/src$ ./bitgemd getgems diamond 10  d fl excellent  round  17051.30698700
4.41212766


bitgem:~/bitgem/src$ ./bitgemd help getgems
getgems translates BTGs amount into gemstones defined by means of the especified properties in params, returning the equivalent amount.
getgems <type> <carat> <color> <clarity> <cut> <shape> [<amount>]
getgems <type> : DIAMOND, RUBY, SAPPHIRE, EMERALD.
getgems <carat> : double.
getgems <color> : range D-Z.
getgems <clarity> : clarity levels I3, I2, I1, SI2, SI1, VS2, VS1, VVS2, VVS1, IF, FL.
getgems <cut> : cut proportions levels POOR, FAIR, GOOD, VERY_GOOD, EXCELLENT.
getgems <shape> : valid shapes TRILLION, TRIANGLE, EMERALD_SHAPE, RECTANGLE, TAPERED_BAGUETTE, BAGUETTE, SQUARE_CUSHION, SQUARE_EMERALD, SQUARE, HEART, MARQUISE,  PEAR, OVAL, ROUND.
getgems [<amount>] : amount of BTGs to translate. By default, account balance.

1 BTG = 1 SAPPHIRE  [ carat=1.0 color=J clarity=VVS2 cut=GOOD shape=OVAL ]

Someone has got a 10 carat round diamond ?

Enjoy!

[mullick]

Hi,  I implemented a simple 4Cs gemstone infrastructure model, modelling Carat, Color, Clarity and Cut vars.

Get the 'sapphire' branch of my repo and build. https://github.com/bitgem/bitgem/tree/sapphire

Use getgems RPC method for translate BTGS into specific gems.

Code:

bitgem:~/bitgem/src$ ./bitgemd getgems diamond 10  d fl excellent  round  17051.30698700
4.41212766


bitgem:~/bitgem/src$ ./bitgemd help getgems
getgems translates BTGs amount into gemstones defined by means of the especified properties in params, returning the equivalent amount.
getgems <type> <carat> <color> <clarity> <cut> <shape> [<amount>]
getgems <type> : DIAMOND, RUBY, SAPPHIRE, EMERALD.
getgems <carat> : double.
getgems <color> : range D-Z.
getgems <clarity> : clarity levels I3, I2, I1, SI2, SI1, VS2, VS1, VVS2, VVS1, IF, FL.
getgems <cut> : cut proportions levels POOR, FAIR, GOOD, VERY_GOOD, EXCELLENT.
getgems <shape> : valid shapes TRILLION, TRIANGLE, EMERALD_SHAPE, RECTANGLE, TAPERED_BAGUETTE, BAGUETTE, SQUARE_CUSHION, SQUARE_EMERALD, SQUARE, HEART, MARQUISE,  PEAR, OVAL, ROUND.
getgems [<amount>] : amount of BTGs to translate. By default, account balance.

1 BTG = 1 SAPPHIRE  [ carat=1.0 color=J clarity=VVS2 cut=GOOD shape=OVAL ]

Someone has got a 10 carat round diamond ?

Enjoy!

I am a bit lost here Mineral. Is this a new client or what is it? Do we need to compile a windows qt ourselves?