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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
oroqen
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July 14, 2013, 12:53:42 PM
 #1961

...given that people want to have some coins Wink
Why would they want that?

Just in case you asked this question not sarcastically Wink

I don't know? Why do people want to have gold?
The only things you _really_ need are air to breathe, something to drink and something to eat.
All other things are just wanted beause they make life more comfortable, interesting, enduring, more fun, whatever.
Some people play raffle, others gather cryto coins; some people participate in seti@home or folding@home, others might join primecoin Cheesy
So some might want primecoins just because they want the coins, others might want to find cunningham chains and the primecoins are a kind of fall-out for them...
Gold has an inherit store of value.

Bitcoins have value because you can buy stuff with them and they now have a track record of enabling both on and off the record 'fiscal' transactions.

Finding cunningham chains for fun while generating primecoins as a by product does not produce a *demand* to purchase coins- which is what is required to drive price - but merely increases *supply*.

It's an odd compairson, Just because bitcoin was first doesn't mean it's the way every crypto has too play out, the landscape has changed quite alot since bitcoin started, and alot of the bitcoin camp seem too think they should. But really your in it for the money not the science, if monetary value is your only concern.
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maka
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July 14, 2013, 12:54:05 PM
 #1962

Gold has an inherit store of value.

Bitcoins have value because you can buy stuff with them and they now have a track record of enabling both on and off the record 'fiscal' transactions.

Finding cunningham chains for fun while generating primecoins as a by product does not produce a *demand* to purchase coins- which is what is required to drive price - but merely increases *supply*.

Gold's "inherit store of value" is no different than any of the cryptocurrency.  It has longer history, more fans, but essentially the same kind of value.  You can't produce gold at will, it almost never changes.  These are exactly the reason people trust gold to be a proof of value.  For a well designed cryptocurrency, as long as you can't produce or replicate it at will, it could serve the same purpose.
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July 14, 2013, 01:02:44 PM
 #1963

We are nearing a difficulty of 8.3 less than 3 hours after the difficulty crossed above 8...
So less 7 hours until we cross above 9?

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July 14, 2013, 01:03:48 PM
 #1964

We are nearing a difficulty of 8.3 less than 3 hours after the difficulty crossed above 8...
So less 7 hours until we cross above 9?

I don't think so.  See this chart - http://imgur.com/a/85G2t


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alexxy
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July 14, 2013, 01:17:09 PM
 #1965

We are nearing a difficulty of 8.3 less than 3 hours after the difficulty crossed above 8...
So less 7 hours until we cross above 9?

I don't think so.  See this chart - http://imgur.com/a/85G2t


$ ./primecoind getdifficulty
8.30140966

So we crossed it and this means that network powering up since block interval ~10 seconds
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July 14, 2013, 01:22:44 PM
 #1966

We are nearing a difficulty of 8.3 less than 3 hours after the difficulty crossed above 8...
So less 7 hours until we cross above 9?

I don't think so.  See this chart - http://imgur.com/a/85G2t


$ ./primecoind getdifficulty
8.30140966

So we crossed it and this means that network powering up since block interval ~10 seconds

With difficulty at 7, each block is 20@60s, now is 6*14 every minute. The inflation is ?

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July 14, 2013, 01:48:52 PM
 #1967

I for one sold a few coins early to cover some costs but right now I'm buying up anything under 0.003.  Anyone stupid enough to sell to me for under that, I'm a happy to take them from you.  In a few months time XPM will be at least 10 times that.

What are you basing that on? What was the last alt to be worth significantly more 3 months out than when it first hit an exchange?
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July 14, 2013, 01:57:14 PM
 #1968

Total primespersec is 2500 how much I get with current difficulty?
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July 14, 2013, 01:59:11 PM
 #1969

I got two orphans with 2K.
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July 14, 2013, 02:17:36 PM
 #1970

How do you see the orphans?

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maka
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July 14, 2013, 02:18:13 PM
 #1971

I got one block with difficulty 8.32, wow.  pps around 2900.
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July 14, 2013, 02:19:25 PM
 #1972

I for one sold a few coins early to cover some costs but right now I'm buying up anything under 0.003.  Anyone stupid enough to sell to me for under that, I'm a happy to take them from you.  In a few months time XPM will be at least 10 times that.

What are you basing that on? What was the last alt to be worth significantly more 3 months out than when it first hit an exchange?

PPCoin jumps to mind
maka
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July 14, 2013, 02:21:02 PM
 #1973

How do you see the orphans?

listtransactions
jpmi1
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July 14, 2013, 02:52:44 PM
 #1974

Does anyone know if there is a prime coin command to see just your immature balance or immature transactions?

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LazyOtto
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July 14, 2013, 02:57:23 PM
 #1975

Does anyone know if there is a prime coin command to see just your immature balance or immature transactions?
grep is good
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July 14, 2013, 02:57:45 PM
 #1976

Does anyone know if there is a prime coin command to see just your immature balance or immature transactions?

./primecoin listtransactions

xyzzy099
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July 14, 2013, 03:03:51 PM
 #1977

Does anyone know if there is a prime coin command to see just your immature balance or immature transactions?

The 'getbalance' command alone will return the balance from mature coins only, but 'getbalance ""' (getbalance with two double-quotes) will display the balance of both mature and immature coins.

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lucasjkr
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July 14, 2013, 03:08:45 PM
 #1978

Does anyone know if there is a prime coin command to see just your immature balance or immature transactions?

The 'getbalance' command alone will return the balance from mature coins only, but 'getbalance ""' (getbalance with two double-quotes) will display the balance of both mature and immature coins.


Many pages back, someone mentioned that people were mining this with raspberry pi's.... I just wanted to take my hat off and thank someone for that valuable tip... After collecting dust for months, I'm now churning out around 6 to 8 pps on each pi.

:p

Pulling the plug on those...
tonyback
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July 14, 2013, 03:16:01 PM
 #1979

My blog guide about mining XPM :

http://miner4world.blogspot.com/2013/07/mining-primecoin-xpm-on-cpu.html
tadakaluri
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July 14, 2013, 04:41:52 PM
 #1980

I for one sold a few coins early to cover some costs but right now I'm buying up anything under 0.003.  Anyone stupid enough to sell to me for under that, I'm a happy to take them from you.  In a few months time XPM will be at least 10 times that.

What are you basing that on? What was the last alt to be worth significantly more 3 months out than when it first hit an exchange?

Lot of coins available at 0.003 (mcxnow), how much you are going to purchase?
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