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

[superfluouso]

Anyone got a solo block recently?

I've found 5 blocks on one 12 core..  4 of them just within the last 3 hours..seems to be the case each time - drought for 8-10 hours, then 2-4 in quick succession.

[markm]

I think everybody here is highly discouraged and lost their enthusiasm about XPM.

Not me, seeing three immatures on each of my two dedicated servers out on the net was like wow awesome since I already checked hours ago that I was in net profit for the day so these are gravy.

EDIT: Oops make that four immatures, one orphan, and another immature on one server, three immatures on the other.

-MarkM-

[superfluouso]

I think everybody here is highly discouraged and lost their enthusiasm about XPM.

Not me, seeing three immatures on each of my two dedicated servers out on the net was like wow awesome since I already checked hours ago that I was in net profit for the day so these are gravy.

EDIT: Oops make that four immatures, one orphan, and another immature on one server, three immatures on the other.

-MarkM-

Just got another block on an 8 core - payout at 13.01 so looks like we're going into 12 territory soon..

[masterOfDisaster]

Hah, everybody went from yeah XPM go.....

Now:
Can't find crap
Shutting down my machines


I think everybody here is highly discouraged and lost their enthusiasm about XPM.

I'd really like to second you in discouraging yourself and others; solo mining is a game that is hard to stand if you don't see anything happen. And the less people that take part in that game, the more primecoins for me! :p

But I can't.

The thing is: it is spread extemely uneven when/where you solve blocks. I have primecoin running on several machines. Some of them have never solved a block (if I don't count orphans...). But I also have found 3 valid in a row yesterday on another machine (within 11 hours) and no one on any other machine. And despite the risen difficulty to above 8 I have solved 4 blocks after that.
I have a total of approximately 10.000 PPS and run mikaelh's version on each of them (https://bitcointalk.org/index.php?topic=255782.0). I don't solve many blocks. But there has been no day where not at least one block was solved from one of the machines. And on some days it is up to 2 or 3.
And besides the nice little amount of primecoins that brings to my wallet, I can be glad that I've found a cunningham chain - maybe one time there is one that is not yet known by mankind such as when the blocks #2044 and #5355 have been solved (https://bitcointalk.org/index.php?topic=253409.0).
The more people that mine, the more calculation power is put to this network, the longer the chains have to be (to be able to make a Proof-of-Work for solving a block). It only gets more interesting with the rising difficulty

So give yourself a jolt and let the machines run for some more days.
And don't forget to update your mining software if that has not already been done!
...with the first of Sunny's releases you won't have fun and less success as with the last of Sunny's releases (or for example mikaelh's release).

[masterOfDisaster]

Just got another block on an 8 core - payout at 13.01 so looks like we're going into 12 territory soon..

Right. As soon as the difficulty exceeds 8,76619380 we will be below 13 XPM/block.

At UTC+2 we have
05:32:37

8.76536667

[Fablio2]

Why generation of block's is so fast? They must be generated every ~60 sec, but now they are generated each 3-10 sec.

[masterOfDisaster]

Why generation of block's is so fast? They must be generated every ~60 sec, but now they are generated each 3-10 sec.

This is a good explanation: https://bitcointalk.org/index.php?topic=251850.msg2726442#msg2726442
It looks like the run to the primecoin network has just started and the network needs some time to adjust.

[96redformula]

Hah, everybody went from yeah XPM go.....

Now:
Can't find crap
Shutting down my machines


I think everybody here is highly discouraged and lost their enthusiasm about XPM.

I'd really like to second you in discouraging yourself and others; solo mining is a game that is hard to stand if you don't see anything happen. And the less people that take part in that game, the more primecoins for me! :p

But I can't.

The thing is: it is spread extemely uneven when/where you solve blocks. I have primecoin running on several machines. Some of them have never solved a block (if I don't count orphans...). But I also have found 3 valid in a row yesterday on another machine (within 11 hours) and no one on any other machine. And despite the risen difficulty to above 8 I have solved 4 blocks after that.
I have a total of approximately 10.000 PPS and run mikaelh's version on each of them (https://bitcointalk.org/index.php?topic=255782.0). I don't solve many blocks. But there has been no day where not at least one block was solved from one of the machines. And on some days it is up to 2 or 3.
And besides the nice little amount of primecoins that brings to my wallet, I can be glad that I've found a cunningham chain - maybe one time there is one that is not yet known by mankind such as when the blocks #2044 and #5355 have been solved (https://bitcointalk.org/index.php?topic=253409.0).
The more people that mine, the more calculation power is put to this network, the longer the chains have to be (to be able to make a Proof-of-Work for solving a block). It only gets more interesting with the rising difficulty

So give yourself a jolt and let the machines run for some more days.
And don't forget to update your mining software if that has not already been done!
...with the first of Sunny's releases you won't have fun and less success as with the last of Sunny's releases (or for example mikaelh's release).

I am still mining away for the mean time, looking forward to another big speed burst with the next update .

[tjb0607]

With the lack of things to buy with XPM, I've made my deep dubstep EP available for discounted purchase in Primecoin: http://www.reddit.com/r/realdubstep/comments/1bvv3l/octix_obscure/c9e7ljs

[lucasjkr]

people gave to make two conversions to buy a 69 cent track?

take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins...  you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins! I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!

[tjb0607]

people gave to make two conversions to buy a 69 cent track?

take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins...  you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins! I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!

When someone PMs me, I'll calculate the price, generate a new address, and respond "send exactly ___ XPM to A____________", and I'm fine with people sending PMs and changing their minds just to see the price.

Also, if you don't know if you'll like it, the songs are up in full length HD on YouTube, so you can know exactly what you're buying before you buy it.

[mhps]

I just counted 10 blocks in the information panel of the qt. It takes on average 14sec per block now. Getting better. The lower price of XPM is  good for something.

[96redformula]

I just counted 10 blocksin the informaiton panel of the q1. It takes on average 14sec per block now. Getting better. The lower price of XPM is  good for something.

So drop in overall network rate would result in?

rise back in reward amounts?
drop in difficulty?

[funnow]

I don't know if it's the difficulty sky-rocketing already, luck or something wrong with my config.

But in 2 quad core pc's mined about 200 coins in the first 48 hours, and then I have not found a single block in the last 4 days.  A q6600 and a i3. Does this seem possible? Seems to be running okay but seems incredibly unlikely...

Same here with Q6600 - 1 day mined 31 coins, than 2 days nothing.

[mhps]

I just counted 10 blocksin the informaiton panel of the q1. It takes on average 14sec per block now. Getting better. The lower price of XPM is  good for something.

So drop in overall network rate would result in?

Some sanity I guess. I for one don't think 4sec/block is something good for the network.
I think the increase of block time is a result of leaving of the cloud-mining players who were in just for the profit. I am happy that they leave and the average crowd can have more fun.

[itod]

Hah, everybody went from yeah XPM go.....

Now:
Can't find crap
Shutting down my machines


I think everybody here is highly discouraged and lost their enthusiasm about XPM.

I'd really like to second you in discouraging yourself and others; solo mining is a game that is hard to stand if you don't see anything happen. And the less people that take part in that game, the more primecoins for me! :p

But I can't.

The thing is: it is spread extemely uneven when/where you solve blocks. I have primecoin running on several machines. Some of them have never solved a block (if I don't count orphans...). But I also have found 3 valid in a row yesterday on another machine (within 11 hours) and no one on any other machine. And despite the risen difficulty to above 8 I have solved 4 blocks after that.
I have a total of approximately 10.000 PPS and run mikaelh's version on each of them (https://bitcointalk.org/index.php?topic=255782.0). I don't solve many blocks. But there has been no day where not at least one block was solved from one of the machines. And on some days it is up to 2 or 3.
And besides the nice little amount of primecoins that brings to my wallet, I can be glad that I've found a cunningham chain - maybe one time there is one that is not yet known by mankind such as when the blocks #2044 and #5355 have been solved (https://bitcointalk.org/index.php?topic=253409.0).
The more people that mine, the more calculation power is put to this network, the longer the chains have to be (to be able to make a Proof-of-Work for solving a block). It only gets more interesting with the rising difficulty

So give yourself a jolt and let the machines run for some more days.
And don't forget to update your mining software if that has not already been done!
...with the first of Sunny's releases you won't have fun and less success as with the last of Sunny's releases (or for example mikaelh's release).

I have the same feeling - when people quit I'm glad there is more for me but I hate to see them discouraged so quickly. So just to illustrate crazy unevenness of block finding distribution check this:

Code:

{
"account" : "",
"address" : "AJFnYHZebaSR4ZBdVWbPqDPoYwhbsZJJkX",
"category" : "generate",
"amount" : 14.74000000,
"confirmations" : 7650,
"generated" : true,
"blockhash" : "49e4de11ee72f3cc20a09577c1de6e2ff2d8c8853cb3650efa50953065e53c4c",
"blockindex" : 0,
"blocktime" : 1373804877,
"txid" : "c3ce98d418552408327be432e617af14055215b182ba375f0f13f7d368605411",
"time" : 1373804877,
"timereceived" : 1373804877
},
{
"account" : "",
"address" : "ATyuJFC9hmThDyetkAcbdtMkfBWUrZLZ91",
"category" : "generate",
"amount" : 14.74000000,
"confirmations" : 7626,
"generated" : true,
"blockhash" : "405df0a98fa139aa8dd9e7280fe1b63ce3b78929d574e5701afec67416095519",
"blockindex" : 0,
"blocktime" : 1373805004,
"txid" : "833be68057c495df6c7459ec3e61904fb54000e9e912ef6e0862bdce53cd3c33",
"time" : 1373805004,
"timereceived" : 1373805004
}

That's two blocks found in 3 minutes on week machine (i3, 1500 pps)! If someone doesn't believe this is genuine I can sign any of these transactions, just ask.

Yeah, you may say that I set a record in being lucky, but who says you can't be next? I doesn't happen only to someone from outer space, you can also do it. Don't get low so easily.

[UNOE]

Same thing happen to me today 7 min apart on same machine and waited quite a long time before that.

[altsay]

Some person(s) gpu mining this i think. Besides the block reward keeps decreasing while difficulty rapidly rises. Mining's getting less and less profitable.

[Zangelbert Bingledack]

...given that people want to have some coins

Why would they want that?

Just in case you asked this question not sarcastically

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
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*.

What the prime aspect does is make Primecoin marginally more interesting to mine than other altcoins, which could translate to more mining power and in turn a more secure network, which could then increase the value of the coin.

[Luckybit]

Some person(s) gpu mining this i think. Besides the block reward keeps decreasing while difficulty rapidly rises. Mining's getting less and less profitable.

With no reason to buy this coin, the coin is dead. The primes aren't worth much.