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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
Lauda
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August 18, 2013, 01:22:31 AM
 #3001

With Primecoin, in the first weeks over 100K coins were mined per day. Soon with GPUs most likely only 100s of coins will be able to be mined per day. That is very unbalanced.

And that is just perfect !
Exactly. I like it being more rare :3

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August 18, 2013, 03:29:51 AM
 #3002

I think we should wait until a GPU miner is actually released before we start guesstimating difficulties and those scenarios. I think a lot of people here are very desperate to 'strike it rich' on a new GPU miner release for this coin. It really shows in some of the other threads, to the point where it is cringe worthy.

Maybe it's just my line of work, but I don't believe in things until I see some evidence.

We have seen no evidence for a GPU miner, other than a few words typed on a webpage on the internet.

If mtrlt did not have a reputation from his creation of previous miners, then most people would too be as skeptical as I am.

Even if a GPU miner is released tomorrow, keep in mind that the 'difference' between CPU and GPU mining will not be as extreme as it was for bitcoin and the SHA-256 coins when its GPU miners were released. Bitcoin miners experienced a ~100 fold improvement on GPU if you were to compare them when investing an equal amount on the hardware (CPU vs GPU). A primecoin GPU miner will be far less of a improvement than this, some have speculated as low as only a handful of times more efficient than CPU alone.

The GPU miner's performance will depend to a good extent on the CPU itself. Whereas with current GPU mining it depends almost entirely on only the GPU itself. If you think your 5x 7950 scrypt rig with celeron CPU is going to tear up primecoin, well, maybe you are in for a shock. We'll have to wait and see.

I don't want to sound like a tinfoil-hatter, but there is also a chance this is an extremely elaborate scam. There has been almost $10,000 USD in donations sent to that bitcoin address now. It would not be the first time that a shocking scam has gone down on these forums and a lot of people lost BTC because of it. Also keep in mind that the buying/selling/exchange of accounts on this forum is permitted.

Assuming the above was false, I don't mean to diminish mtrlt's efforts and I wish him the best of luck with the development. That being said I think GPU mining on primecoin is unlikely to be the glorious horizon that so many seem to think it will be.

BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6
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August 18, 2013, 03:59:52 AM
 #3003

I think we should wait until a GPU miner is actually released before we start guesstimating difficulties and those scenarios. I think a lot of people here are very desperate to 'strike it rich' on a new GPU miner release for this coin. It really shows in some of the other threads, to the point where it is cringe worthy.

Maybe it's just my line of work, but I don't believe in things until I see some evidence.

We have seen no evidence for a GPU miner, other than a few words typed on a webpage on the internet.

If mtrlt did not have a reputation from his creation of previous miners, then most people would too be as skeptical as I am.

Even if a GPU miner is released tomorrow, keep in mind that the 'difference' between CPU and GPU mining will not be as extreme as it was for bitcoin and the SHA-256 coins when its GPU miners were released. Bitcoin miners experienced a ~100 fold improvement on GPU if you were to compare them when investing an equal amount on the hardware (CPU vs GPU). A primecoin GPU miner will be far less of a improvement than this, some have speculated as low as only a handful of times more efficient than CPU alone.

The GPU miner's performance will depend to a good extent on the CPU itself. Whereas with current GPU mining it depends almost entirely on only the GPU itself. If you think your 5x 7950 scrypt rig with celeron CPU is going to tear up primecoin, well, maybe you are in for a shock. We'll have to wait and see.

I don't want to sound like a tinfoil-hatter, but there is also a chance this is an extremely elaborate scam. There has been almost $10,000 USD in donations sent to that bitcoin address now. It would not be the first time that a shocking scam has gone down on these forums and a lot of people lost BTC because of it. Also keep in mind that the buying/selling/exchange of accounts on this forum is permitted.

Assuming the above was false, I don't mean to diminish mtrlt's efforts and I wish him the best of luck with the development. That being said I think GPU mining on primecoin is unlikely to be the glorious horizon that so many seem to think it will be.
You are 100% correct.  Some calculations do run 100x faster on GPU, some only run 4-6 times faster, while others barely get a 2x boost.  I think the fermat testing will prove to fall into the latter areas.  The thing a lot of people don't realize is that you can't just take CGminer and make a few changes and presto it works.  This is likely to have been a major rewrite and then some.  I personally would want a 5x or better speed boost to offset the added power usage, 10x may be doable... 20x I'd be amazed.

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
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August 18, 2013, 11:47:10 AM
 #3004

I would like to open up my mining nodes to accept incomming connections so that they also support the network instead of just mining.  Can someone give me a quick run down on how to do this in linux? What port should i use? should i use iptables? ufw?

Thanks!

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August 18, 2013, 12:28:39 PM
 #3005

I would like to open up my mining nodes to accept incomming connections so that they also support the network instead of just mining.  Can someone give me a quick run down on how to do this in linux? What port should i use? should i use iptables? ufw?

Thanks!
What distribution? By default it should be open.
Are you behind a router?

No router, ubuntu.  I guess it's already open then.  Having some trouble syncing on my local primecoin instance though, anyone share an addnode? i'm stuck back 13 hours ago.

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August 19, 2013, 06:16:51 AM
 #3006

I would like to open up my mining nodes to accept incomming connections so that they also support the network instead of just mining.  Can someone give me a quick run down on how to do this in linux? What port should i use? should i use iptables? ufw?

Thanks!
What distribution? By default it should be open.
Are you behind a router?

No router, ubuntu.  I guess it's already open then.  Having some trouble syncing on my local primecoin instance though, anyone share an addnode? i'm stuck back 13 hours ago.

Here is a new list from my current 'getpeerinfo' command

addnode=192.237.175.221:9911
addnode=85.25.134.44:9911
addnode=178.33.22.10:9911
addnode=61.139.95.131:9911
addnode=37.139.1.202:9911
addnode=54.221.225.126:9911
addnode=192.241.183.213:9911

Extras you can add:
addnode=208.68.37.41
addnode=129.7.204.114
addnode=198.199.100.118
addnode=87.98.146.72
addnode=88.190.56.58
addnode=78.31.111.116


You can go to console and type getpeerinfo to retrieve these nodes
Use command in console: addnode IP:PORT add

or copy and paste what I have listed above into primecoin.conf in your appdata primecoin folder.
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August 19, 2013, 08:59:02 AM
 #3007

I ended up having to uninstall and reinstall. deleted all the preference files on my computer and backed up my wallet.  Then installed and ran primecoin-qt again, and it managed to get past the place it was stuck.  I don't really think this was about peers, i think it is possibly a bug in the Qt version i compiled myself for OSX, because as far as i know there is no OSX version.

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August 21, 2013, 01:01:29 AM
Last edit: August 21, 2013, 01:18:52 AM by guitarplinker
 #3008

I'm having issues with mining on ypool with their mining software.

My 3570k submitted 6 shares in the first couple minutes of mining, but hasn't submitted a single share in 10 minutes. Is this normal?
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August 21, 2013, 03:30:39 AM
 #3009

I'm having issues with mining on ypool with their mining software.

My 3570k submitted 6 shares in the first couple minutes of mining, but hasn't submitted a single share in 10 minutes. Is this normal?
I recommend you use mumu's version of jhPrimeminer v7.1 avx
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August 21, 2013, 05:34:00 AM
 #3010

Will this coin ever be mineable again to the common man?


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DIA | OPEN ACCESS FINANCIAL DATA
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August 21, 2013, 06:12:16 AM
 #3011

Will this coin ever be mineable again to the common man?

It sure is...I am a common man with one cpu and solo with hp9 netted me one block the first day.
I hope I can keep getting blocks eventually, but well, gotta be patient.
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August 21, 2013, 06:35:13 AM
 #3012

Will this coin ever be mineable again to the common man?

It sure is...I am a common man with one cpu and solo with hp9 netted me one block the first day.
I hope I can keep getting blocks eventually, but well, gotta be patient.

I have hp9 also.  I think you will find long dry periods between blocks.


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August 21, 2013, 06:46:31 AM
 #3013

I use one Linode (~1800 pps) and nothing for a week now...
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August 21, 2013, 09:48:00 AM
 #3014

I'll try the pool now...new miner is out.
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August 21, 2013, 01:20:30 PM
 #3015

which new miner?
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August 21, 2013, 02:55:34 PM
 #3016

Hey guys,

I solo mined a block and it's now fully confirmed - why exactly am I being forced to pay a transaction fee? Transaction has one input and one output...

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August 21, 2013, 04:06:51 PM
 #3017

Unlike bitcoin's convoluted and sometimes misleading fee system, in XPM and PPC a minimum transaction fee of 0.01 per KB is required. There is no fee-free transaction. Yeah the wording of that message needs to be fixed a bit.
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August 21, 2013, 04:09:20 PM
 #3018

Unlike bitcoin's convoluted and sometimes misleading fee system, in XPM and PPC a minimum transaction fee of 0.01 per KB is required. There is no fee-free transaction. Yeah the wording of that message needs to be fixed a bit.
I've asked myself the same question. Thanks for the quick reply.

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August 21, 2013, 05:54:18 PM
 #3019

Unlike bitcoin's convoluted and sometimes misleading fee system, in XPM and PPC a minimum transaction fee of 0.01 per KB is required. There is no fee-free transaction. Yeah the wording of that message needs to be fixed a bit.

Where do these fees go?
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August 21, 2013, 05:57:28 PM
 #3020

Unlike bitcoin's convoluted and sometimes misleading fee system, in XPM and PPC a minimum transaction fee of 0.01 per KB is required. There is no fee-free transaction. Yeah the wording of that message needs to be fixed a bit.

Where do these fees go?

To the miner who processes the block with the fee attached.
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