[XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency

[Beave162]

There was no trade executed for 0.0004...

from coin-e

Sell   11-Jul-13 00:46:52   0.00040000   50.00000000   0.00000000   Executed



yea!  i see why people say not to trade while drinking.. headache meds can be the same     


and to think this morning i could have bought the awesome buy orders and made 1.5btc   FML!!!

seriously if this purchase was one of you guys that's coin rich.. it would be cool if you at least give me half the buy back lol..    i say this because stranger things have happened.. to me especially.. i'm fucking entitled!

What your coins actually sold for....

11-Jul-13 00:46:53   0.00200000   1.85000000   0.00370000
11-Jul-13 00:46:54   0.00110005   42.20000000   0.04642211
11-Jul-13 00:46:56   0.00110001   5.95000000   0.00654506


Do I get a cut of the difference between what you thought you sold for and what you actually sold for?

AbPD4fktQq1tx7dmGwM2wXc9zqs1Qp2MRA   if you have any more xpm thanks

[RustyShackleford1950]

Has anyone got a block recently?

yes, steady flow of them.

1 just as i typed this sentence.

primespersec?

[GSnak]

How many people running botnets/server farms?

[kelsey]

There was no trade executed for 0.0004...

from coin-e

Sell   11-Jul-13 00:46:52   0.00040000   50.00000000   0.00000000   Executed

but you must have gotten 2.5x that ammount as it cost the buyers 0.0010001 and 0.0010005

[Fablio2]

make sure your current block is incrementing if you're using the client I compiled, one of my local copy wasn't wanting to increment blocks.

Here's a complete zip file with all needed dlls, and it follows current block properly.

https://www.dropbox.com/s/6dwcc5p1koj86vz/release5.zip

release5 is working only on PC with i5. All other PC with celeron, sempron, athlon etc doesn't work with this client(((((((((((((((

[drummerjdb666]

There was no trade executed for 0.0004...

from coin-e

Sell   11-Jul-13 00:46:52   0.00040000   50.00000000   0.00000000   Executed



yea!  i see why people say not to trade while drinking.. headache meds can be the same     


and to think this morning i could have bought the awesome buy orders and made 1.5btc   FML!!!

seriously if this purchase was one of you guys that's coin rich.. it would be cool if you at least give me half the buy back lol..    i say this because stranger things have happened.. to me especially.. i'm fucking entitled!

What your coins actually sold for....

11-Jul-13 00:46:53   0.00200000   1.85000000   0.00370000
11-Jul-13 00:46:54   0.00110005   42.20000000   0.04642211
11-Jul-13 00:46:56   0.00110001   5.95000000   0.00654506


Do I get a cut of the difference between what you thought you sold for and what you actually sold for?

AbPD4fktQq1tx7dmGwM2wXc9zqs1Qp2MRA   if you have any more xpm thanks

lol I REALLY wish what you were looking at was me...  thanks for tryin to make me feel better lol

[Zalfrin]

make sure your current block is incrementing if you're using the client I compiled, one of my local copy wasn't wanting to increment blocks.

Here's a complete zip file with all needed dlls, and it follows current block properly.

https://www.dropbox.com/s/6dwcc5p1koj86vz/release5.zip

release5 is working only on PC with i5. All other PC with celeron, sempron, athlon etc doesn't work with this client(((((((((((((((

Check out the other thread, I have a few different build flavors you can try. This one might do: https://bitcointalk.org/index.php?topic=253662.msg2704112#msg2704112

[captainfuture]

should i sell now or will the value go up in future?

[8bitPunk]

I sold 70 primecoins for .25BTC on Coins-e a few hours ago and cleaned out the bid table. Lol I love small markets.

yeah suckers born every minute.

why buy primecoin....hey I'll sell you actual real life prime numbers if you like people?

Interesting conjecture: If a primecoin miner discovered a prime worthy of academic record (ref this thread) Then they could sell the private key to someone who wanted to have their name on record as 'discovering' the prime...

[TheSpiral]

should i sell now or will the value go up in future?

Brb, let me get my crystal ball.

[kelsey]

should i sell now or will the value go up in future?

oh the irony 'captainfuture'

[captainfuture]

 

[RandyFolds]

At the current pace of difficulty,  block reward will be less than 1 XPM in 25 days.  You are looking at a massive spike in valuation when people realize this coin will have a very limited supply.  

Like I said, speculation rarely keeps up with minting after the hype in Altcoins, and the fact that I made $40 just running my i7 desktop for 3 days makes me very cautious about the valuation.

The fact that I made astronomical returns not doing a fucking thing for a couple years makes me very cautious about the valuation of bitcoin. I mean, seriously...what kind of fucking idiot would pay more than $0.0002 cents for that digital shitheap?

The value of things  when they have existed for a grand total of four three days, factoring in maturation, really speaks to the future and lays it out clear, you know?

[tadakaluri]

Has anyone got a block recently?

There is no block since last 12 hours

[8bitPunk]

At the current pace of difficulty,  block reward will be less than 1 XPM in 25 days.  You are looking at a massive spike in valuation when people realize this coin will have a very limited supply. 

You haven't understood the block reward calculation, nor the scale of the difficulty.

The reward per block is always equal to 999 divided by the square of the difficulty, so a difficulty of 9 would reward 12.33 XPM and a difficulty of 10 would reward 10 XPM.

Difficulty has risen from 7 to 7.7 in 3.5 days, however each integer of difficulty is exponentially harder to calculate.

I thought difficulty will rise a lot when GPU miners appear?

The prime number searching range for Primecoin is roughly 2^255 ~ 2^2000 ( 76 digits ~ 602 digits ).  For the sake of simplicity, let's assume the primes are about 10^100.  According to the Prime number theorem, the prime number distribution of this range is about 1 prime number in 230 integers.  When difficulty grows from 7 to 8, it means the miner needs to find a prime chain of length 8 instead of 7, making the likelihood to 1/230 of before.  In other words, it takes 230 times longer to find a 8-chain than a 7-chain if we assume the mining power remain the same.  It would take  230*230*230 = 12167000 times longer to find a 10-chain, that's 10 million times more difficult.

Now let's take the GPU and other possible device into account.  The GPU is very efficient of calculating hash, but in the specific case of primecoin, it doesn't seem have the same kind of advantage.  Unless there are some specially designed hardware for prime searching, the mining speed at most will be less than 1000x faster.

So it is quite clear that even with 10000x more miners equipped with monster machines, it is still not even close to reach difficulty 10.

[ethought]

Has anyone got a block recently?

There is no block since last 12 hours

My block rate has massively decreased in the last 12 hours   

[Buffer Overflow]

Anyone know the Primecoin prefix so we can use vanitygen? I don't know where to look for it in the source.

23

[8bitPunk]

It's a smart idea, but mathematically, Primecoin is on a race to the bottom, so I have to play a little Game Theory.

$40 for just typing setgenerate true 3 days ago is clearly unsustainable, sooo http://www.youtube.com/watch?v=HX0fIi3H-es

Of course. But think about this: the harder they get to generate, the more they may be worth. So price may go UP, not down.

I'm with Wolf0 on this one, anyone 'dumping' their XPM now because they think the price is going to drop is not understanding the exponential difficulty increases that lye ahead for primecoin.

I've traded some XPM for 0.25 LTC, only because I wanted to hold more LTC. IMO primecoin is going to be worth more than this in months/years from now.

[drummerjdb666]

will one of you guys link the updated linux .gz here i swear sunny posted it many pages ago but after twenty minuts of searchinbg i can't find it

[Fablio2]

make sure your current block is incrementing if you're using the client I compiled, one of my local copy wasn't wanting to increment blocks.

Here's a complete zip file with all needed dlls, and it follows current block properly.

https://www.dropbox.com/s/6dwcc5p1koj86vz/release5.zip

release5 is working only on PC with i5. All other PC with celeron, sempron, athlon etc doesn't work with this client(((((((((((((((

Check out the other thread, I have a few different build flavors you can try. This one might do: https://bitcointalk.org/index.php?topic=253662.msg2704112#msg2704112

Were tested all versions of updated client. APPCRASH on all versions of windows (W7 embedded standart x32, w7 home basic x32, w7 proffessional x64, w8 proffesional x64) with processors celeron, sempron, athlon x2, phenom x6. Works only on i5.