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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
AgentME
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July 26, 2013, 09:56:20 PM
 #2741

Whos' attacking the network?

Criminals? Why would they, they'ed lose an avenue to try to launder money?

Script Kiddies? If they could attack the network, wouldn't they be more motived to use the coins generated for value than to destroy the network? I'd assume that that would be the case at least.

So you're not protecting it from typical miscreants. Now, who else would attack it? Oh, that's right. A government. And if you think that all of ASICMINERS hardware combined with all of Avalons hardware and all Butterfly Labs' shitpped hardware provides any protection at all against a government, well, sorry. If we've got $15 million invested in ASICs, the gov't can just as easily do the same times 10 and take it down no matter how much you mining power we deploy.

Whos left to attack?

As noble as "protecting the network" sounds, no ones adding hashing power or priming power to any of the networks in order to protect it. They're doing it for profit, plain and simple. Otherwise the butterfly labs threads wouldn't be nearly as distraught as they are. People aren't spending $30,000 to protect it, nor are they paying $2k to get their hands on a $279 device from ebay in order to protect the network.

So, the OP's point stands. All any leapfrogging will do is cost a lot of people a lot of money in order to keep up, where they'll all end up in the same exact place at the end of the day.

Both Feathercoin and Terracoin have just suffered massive 51% attacks in the last few days. Feathercoin is at a higher market capitalization than Primecoin! This isn't some theoretical issue.
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July 26, 2013, 10:23:03 PM
 #2742

@AgentME
FTC is PURE crap, and its not about market capitalization! but how many ppl mine it all the time, that is preventing attack!

ATM primecoin is mined on huge number of CPUs and having 51% would need a hell of a resource!

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July 27, 2013, 12:26:36 AM
 #2743

As noble as "protecting the network" sounds, no ones adding hashing power or priming power to any of the networks in order to protect it.

I am.

They're doing it for profit, plain and simple.

I'm not.

I happen to believe in the concept of a decentralised, user-driven currency, and that is my principal reason for taking part. If I make a little money on the way, good, but it's not going to pay my electricity bills. And if it all falls apart I'll go back to Folding@home and BOINC.

+1

Some poeple don't understand cryotocurrencies, and capitalism ingeneral, use individual greed to do collective good.

Then your altruistic. Misguided in my opinion. But altruistic. I say misguided because no deviant has close to the resources to overrun the network, not the motivation. As for the only party that has the motivation and, incidentally, the resources? No matter what all of us do, that party could still overrun the network if they so chose.

And you're in the 1%. Reading the BFL threads, and threads for alternate cryptos still seeking their first ASIC, no one is tryin to protect anything. They're all trying to leapfrog one another for a bigger piece of an always shrinking pie. 
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July 27, 2013, 12:52:26 AM
 #2744

@AgentME
FTC is PURE crap, and its not about market capitalization! but how many ppl mine it all the time, that is preventing attack!

ATM primecoin is mined on huge number of CPUs and having 51% would need a hell of a resource!

Then your altruistic. Misguided in my opinion. But altruistic. I say misguided because no deviant has close to the resources to overrun the network, not the motivation. As for the only party that has the motivation and, incidentally, the resources? No matter what all of us do, that party could still overrun the network if they so chose.

And you're in the 1%. Reading the BFL threads, and threads for alternate cryptos still seeking their first ASIC, no one is tryin to protect anything. They're all trying to leapfrog one another for a bigger piece of an always shrinking pie.  

I think FTC is crap too, but that's not relevant. I'm only using the market capitalization as a very rough heuristic to judge its popularity and mining power. Unless someone has some better numbers, I'm going to assume that FTC's mining power and Primecoin's mining power are similar. FTC has been 51% attacked several times. I guess there are people with large botnets out there who just want to see the world burn. I'm confused as to why anyone would honestly believe that people should not work to make the miners more efficient, especially in this environment, unless they are just lying in order to try to slow down the rest of the network from becoming efficient. More efficient miners also mean more profits for the people using them in the short run, and a more secure network in the long run as the efficient miners are more widely adopted.
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July 27, 2013, 01:01:50 AM
 #2745

You can not compare FTC to Primecoin!

GPU miners jump on FTC kill the diff and after retarget NO ONE mining FTC and then the attack start!

You can not kill difficulty for Primecoin so miners would mine something else, because nothing come near to primecoin, also you can not guess the number of CPU mining it! I guess its like + 100 000 CPU`s atm and climbing!, also primecoin retarget diff is not like FTC one

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July 27, 2013, 09:35:14 AM
 #2746

expect new version

The most secure web wallet. 2 factor auth, PIN keypad, session management, email authorization, GPG auth.. http://1v.io/flowice
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July 27, 2013, 09:50:42 AM
 #2747

You can not compare FTC to Primecoin!

GPU miners jump on FTC kill the diff and after retarget NO ONE mining FTC and then the attack start!

You can not kill difficulty for Primecoin so miners would mine something else, because nothing come near to primecoin, also you can not guess the number of CPU mining it! I guess its like + 100 000 CPU`s atm and climbing!, also primecoin retarget diff is not like FTC one
ATM primecoin is mined on huge number of CPUs and having 51% would need a hell of a resource!
You have absolutely no clue how wrong you are regarding the 51% attacks and the number of CPUs mining.

Less than 48 hours ago a 51% attack would cost under $1,000 and taken under 10,000 high end CPUs. I controlled 20% of the network with just 2,000 CPUs. I'm sure nearly 80% of all blocks were going only to giant CPU farms.

I'm sure that number has risen, but I'm certain it is nowhere near 100,000 CPUs now, otherwise nearly every farm would have dropped out due to immense difficulty increases. A 51% could easily still be done with far less resources than you think.

PrimeCoin is incredibly exploitable at this time and the release of a GPU miner would do nothing but help this currency get closer to being stable and accepted.

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July 27, 2013, 08:04:06 PM
 #2748

You can not compare FTC to Primecoin!

GPU miners jump on FTC kill the diff and after retarget NO ONE mining FTC and then the attack start!

You can not kill difficulty for Primecoin so miners would mine something else, because nothing come near to primecoin, also you can not guess the number of CPU mining it! I guess its like + 100 000 CPU`s atm and climbing!, also primecoin retarget diff is not like FTC one
ATM primecoin is mined on huge number of CPUs and having 51% would need a hell of a resource!
You have absolutely no clue how wrong you are regarding the 51% attacks and the number of CPUs mining.

Less than 48 hours ago a 51% attack would cost under $1,000 and taken under 10,000 high end CPUs. I controlled 20% of the network with just 2,000 CPUs. I'm sure nearly 80% of all blocks were going only to giant CPU farms.

I'm sure that number has risen, but I'm certain it is nowhere near 100,000 CPUs now, otherwise nearly every farm would have dropped out due to immense difficulty increases. A 51% could easily still be done with far less resources than you think.

PrimeCoin is incredibly exploitable at this time and the release of a GPU miner would do nothing but help this currency get closer to being stable and accepted.


Constant bragging about being the whole network and consistently talking about how easy an attack would be...  At least if it does happen we all know would have done it!!!   I can name three people that I think would do that including and especially your self!
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July 27, 2013, 09:58:01 PM
 #2749

You can not compare FTC to Primecoin!

GPU miners jump on FTC kill the diff and after retarget NO ONE mining FTC and then the attack start!

You can not kill difficulty for Primecoin so miners would mine something else, because nothing come near to primecoin, also you can not guess the number of CPU mining it! I guess its like + 100 000 CPU`s atm and climbing!, also primecoin retarget diff is not like FTC one
ATM primecoin is mined on huge number of CPUs and having 51% would need a hell of a resource!
You have absolutely no clue how wrong you are regarding the 51% attacks and the number of CPUs mining.

Less than 48 hours ago a 51% attack would cost under $1,000 and taken under 10,000 high end CPUs. I controlled 20% of the network with just 2,000 CPUs. I'm sure nearly 80% of all blocks were going only to giant CPU farms.

I'm sure that number has risen, but I'm certain it is nowhere near 100,000 CPUs now, otherwise nearly every farm would have dropped out due to immense difficulty increases. A 51% could easily still be done with far less resources than you think.

PrimeCoin is incredibly exploitable at this time and the release of a GPU miner would do nothing but help this currency get closer to being stable and accepted.


Constant bragging about being the whole network and consistently talking about how easy an attack would be...  At least if it does happen we all know would have done it!!!   I can name three people that I think would do that including and especially your self!
yep.

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July 27, 2013, 10:26:18 PM
 #2750

n4ru has built up a solid reputation on the mcxnow chatbox as an annoying bragger who exaggerates a lot.
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July 27, 2013, 11:20:26 PM
 #2751

n4ru has built up a solid reputation on the mcxnow chatbox as an annoying bragger who exaggerates a lot.
minus the exaggeration.

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July 27, 2013, 11:59:03 PM
Last edit: July 28, 2013, 12:22:26 AM by AgentME
 #2752

So I discovered the hidden -dedication parameter, and encoded a short message into block 86043 which I mined. I've verified the message is in the blockchain by grepping through the primecoin blockchain files on a few other machines. Is there any proper way to view these messages (such as to check for more in other blocks)? Or do I need to build my own blockchain parser for this?

(EDIT: I tried the linux strings utility. I only see the original block's message, and my own's message. Guess no one else has done this.)

(EDIT2: I tried the strings utility on Bitcoin's blockchain. Doesn't look like stuffing information into a blockchain is that unique of a prank, drat.)
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July 28, 2013, 12:24:17 AM
 #2753

XPM/BTC and XPM/USD are now traded on crypto-trade.com

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
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July 28, 2013, 12:54:09 AM
 #2754

XPM/BTC and XPM/USD are now traded on crypto-trade.com

A bit late to hop on that bandwagon, ey? Tongue

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July 28, 2013, 01:06:53 AM
 #2755

XPM/BTC and XPM/USD are now traded on crypto-trade.com

A bit late to hop on that bandwagon, ey? Tongue

Late? I thought it was just the start for XPM (Thinking with a long term mind)

XPM/BTC is traded since few days already, nearly a week. While XPM/USD has been added only today.

Crypto-trade.com : https://bitcointalk.org/index.php?topic=149458.0
https://koddos.com and http://kovpslayer.com.  "Bitcointalkdiscount" to get 10% discount recurring.
Carra23
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July 28, 2013, 01:20:19 AM
 #2756

Seems the rush to buy is over. Now just have to wait for the difficulty to decrease and I will get back on it.
lucasjkr
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July 28, 2013, 02:01:37 AM
 #2757

Which it'll do in a couple more weeks, once everyones 30 day digital ocean trials run out!
rapidfire187
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!!!INCAKOIN!!!


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July 28, 2013, 08:41:53 AM
 #2758

AYn4t4PSgHtim3cbux2doyhewUUwcpDbF9
PrimeCoin:
 Smiley

BTC

www.incakoin.com   http://nka.dencoinpools.com
NKA:NN1sE6odEKrbKpBqt56vw5jJoitDrCn9HD
▂▃▅▇█▓▒░۩۞۩ ۩۞۩░▒▓█▇▅▃▂
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July 28, 2013, 10:29:57 AM
 #2759

So I discovered the hidden -dedication parameter, and encoded a short message into block 86043 which I mined. I've verified the message is in the blockchain by grepping through the primecoin blockchain files on a few other machines. Is there any proper way to view these messages (such as to check for more in other blocks)? Or do I need to build my own blockchain parser for this?

(EDIT: I tried the linux strings utility. I only see the original block's message, and my own's message. Guess no one else has done this.)

(EDIT2: I tried the strings utility on Bitcoin's blockchain. Doesn't look like stuffing information into a blockchain is that unique of a prank, drat.)

Hahaha this is great, there's a couple there now, maybe a couple people picked up on your advice:

Quote
Sunny King - dedicated to Satoshi Nakamoto and all who have fought for the freedom of mankind
Mined by XertroV
the dopefish lives
SNAPE KILLS DUMBLEDORE

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July 28, 2013, 02:13:12 PM
 #2760


06:55:57

getmininginfo


06:55:57

{
"blocks" : 86463,
"chainspermin" : 1,
"currentblocksize" : 2706,
"currentblocktx" : 1,
"difficulty" : 9.28889412,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"primespersec" : 3054,
"pooledtx" : 1,
"sievepercentage" : 1,
"sievesize" : 200000,
"testnet" : false
}


09:59:06

getmininginfo


09:59:06

{
"blocks" : 86645,
"chainspermin" : 1,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 9.28911382,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"primespersec" : 2463,
"pooledtx" : 0,
"sievepercentage" : 1,
"sievesize" : 200000,
"testnet" : false
}


17:12:29

getmininginfo


17:12:29

{
"blocks" : 87035,
"chainspermin" : 0,
"currentblocksize" : 3762,
"currentblocktx" : 1,
"difficulty" : 9.28232825,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"primespersec" : 1733,
"pooledtx" : 1,
"sievepercentage" : 1,
"sievesize" : 200000,
"testnet" : false
}

Same settings so difrenf results... What a holyshit it is?

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