[TESTNET BITCOIN: BT3] Mining Pool Setup! 0% FEE! Testnet Bitcoins!

[crazy_rabbit]

I have setup a P2Pool mining pool for Testnet Bitcoins (BT3).

It's p2pool and I am currently not taking a fee.

To mine:

ADDRESS: 84.200.2.8:4000
Username: Your bitcoin *TESTNET* address
Password: Any password

You can check out the stats here:
 
http://84.200.2.8:4000/static/

[crazy_rabbit]

Stopped mining, pointless and less you can sell them.

Well that's not a very community oriented perspective- making a quick buck and all, but as you wish. The pool will be here if you choose to come back.

[ElectricMucus]

This thread tells you so much of why this community is so fucked up.

They rolled back testnet several times already because people started valuating testnet coins!

[crazy_rabbit]

This thread tells you so much of why this community is so fucked up.

They rolled back testnet several times already because people started valuating testnet coins!

I happen to think testnet coins do need value if we are going to effectively test non-standard transactions. Part of my thinking is here: https://bitcointalk.org/index.php?topic=235077.msg2490580#msg2490580

However, I assume that the people who value testnet coins also value bitcoin for more then just a quick buck.
 

[ElectricMucus]

Well the core developers seem to disagree with you, and if they issue another rollback what you gonna do? Call for rejection of the patch by the public?
So even if you were right (which I doubt) you lack any authority on that matter.

[crazy_rabbit]

Well the core developers seem to disagree with you, and if they issue another rollback what you gonna do? Call for rejection of the patch by the public?
So even if you were right (which I doubt) you lack any authority on that matter.

Actually I haven't heard from the core developers and I'm still in the process of trying to convince them. That said, if they issue a rollback, then they issue a rollback. It boggles my mind however that no one debates the premise of the idea: that we don't have a strong environment to test non-standard transactions.

[crazy_rabbit]

The Difficulty for testnet is currently at 4 and miners on the pool aren't mining with very powerful hardware, but really minting the coins!

[jackjack]

It's 16 actually

[crazy_rabbit]

It's 16 actually

Oh, well it was 4 then. Still, thats pretty low if you want to mine some.

[crazy_rabbit]

Difficulty is low enough currently that with a small amount of hash power you can mine a significant number of coins. Whether or not testnet bitcoins are ever 'sellable' in the future is one thing, but it has a heck of a lot more potential then "insert random coin here".