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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686991 times)
ReCat
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September 13, 2013, 05:17:08 PM
 #3141

I started mining with my rack server and I found 1 block on the second day.

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September 13, 2013, 09:41:56 PM
Last edit: September 13, 2013, 10:38:42 PM by Pentel
 #3142

With my i7 running only 5 hours per day on average.  I got 3(Three) blocks this month(so far) and 2(Two) last.
So yes about right.  

EDIT: 4(Four) this month.

End of the day, it's luck more then anything else, I mean I got 2 block's within 10 minutes of each other, this month!!!!  Never happen again to me!

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September 22, 2013, 08:55:44 AM
 #3143

Is there a public display of the total Primecoin Network "Hashrate"?


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September 22, 2013, 09:32:59 AM
 #3144

Is there a public display of the total Primecoin Network "Hashrate"?
Maybe this is the closest you're gonna get right now:
http://muuttuja.org/primecoin-dev/charts/

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September 22, 2013, 09:54:48 AM
 #3145

When you guys talk about your i7's, keep in mind that the product range is huge and wildly varies in performance. Might be best to give the model and frequency.

For example the Intel Core i7 610 @ 2.53GHz is about 20% as fast as a Intel Core i7-4770K @ 3.50GHz and about 1/7th as fast as a Intel Core i7-4930K @ 3.40GHz.



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September 22, 2013, 10:05:50 AM
 #3146

Is there a public display of the total Primecoin Network "Hashrate"?
Maybe this is the closest you're gonna get right now:
http://muuttuja.org/primecoin-dev/charts/

There is no simple convertion between diff and hash rate estimate like there is for SHA-256 or scrypt.

It might be possible to estimate (with a significant % error) an 'equivalent-FLOPS' but keep in mind that mikaelh has mentioned that prime mining is mostly integer maths operations not floating point ops. So I think such a metric would be pretty useless. I don't know enough about those metrics to say if there is even a good way of measuring and comparing integer operations.

A better idea might be to select a CPU that you have, consider its chainsperday value, convert to an estimate of the real probability of finding a block assuming zero variance at a given decimal difficulty value eg. 9.86:

0.8 * (1 - 0.86)

 and then work backwards to figure out how many of those CPUs in total the network is equivalent to.

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September 24, 2013, 07:52:17 AM
 #3147

Why do you think Primecoin slumped down so deep this morning? Shocked  Shocked
 I was buying last week when it dropped below 0.25 becuase I thought it was funnny cheap but when I looked at the price this morning I was shocked. It slumped down without any correlation to bitcoin or XPM mining difficulty (or am I wrong?). How deep it could decline further??

Hello world
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September 24, 2013, 07:57:01 AM
 #3148

Why do you think Primecoin slumped down so deep this morning? Shocked  Shocked
 I was buying last week when it dropped below 0.25 becuase I thought it was funnny cheap but when I looked at the price this morning I was shocked. It slumped down without any correlation to bitcoin or XPM mining difficulty (or am I wrong?). How deep it could decline further??

There's not a single reason why it would stay this high. A month from now we will be at 0.0002 or something, mark my words
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September 24, 2013, 08:05:53 AM
 #3149

Part of the reason is mcxFEE on mcxNOW. As the market price of 'FEE shares rises people are selling XPM like mad to get in before it bursts. I believe eventually it will stabilize and the market will return to slightly higher XPM exchange rates (but we're never going back to >0.005, I suspect).

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September 24, 2013, 09:39:51 AM
 #3150

I think XPM was always overpriced - it shouldn't be that expensive if you can mine it for much cheaper.

But the novel nature of it made it like a lot of noobs weren't able to mine it with a few clicks. There are now many documented ways to mine, including pools, so it's over.
I am now pondering selling my last XPMs, which I kept it case the price ever went up... However renewed interested in a GPU miner (with development financed by big GPU miners) could reduce the supply and thus make it worth a bit more.

I am stone sure it grows back to 0.005 or 0.006 because XPM proved to be strong coin. I wonder how someone couild sell their XPM for current low price only in order to buy expensive MCXfee "stocks" which seems very overpriced now.
I am buying all cheap XPM with all my bitcoins because I believe demand stays at the same level but supply could stop suddenly today or tomorrow and it will cause evaluation at least to 0.005.
I was scared to buy MCXfee for 0.5 BTC because I thought its already too high and for 0.75 its even more overpriced. Why I should buy such "stock" for ONE bitcoin when shares from exchange would generate me only a fraction of % of my invetstment Huh If MCXnow was like bitstamp with licence to exchange coins directly to fiat it would be anything else but MCXnow is not so famous.
However I wish all profits to people who bought MCXfee for 0.1 btc becuase it was risky investment, the price could also go the other way and could drop to 0.01 btc. (what I expected)
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September 24, 2013, 03:19:01 PM
 #3151

I guess if altcoins gain interest again, XPM has a chance as a "fast" and "fun" coin. Most others are doomed Wink
As for myself, I'm selling everything newly mined over my current reserve, regardless of price, with Cryptsy auto-sell, for Bitcoins only.
Something is wrong with the world today.
I dont understand it.
This morning MCXfee was about 0.75 and now people are willing to pay 1 BTC for it!!! for nothing!!! People are going nuts. And all my Primecoins declined to 0.0017.  Roll Eyes 
But I am stone sure it will turn soon to the old order back to the old prices when Primecoin was 10times more expensive and MCXfee was worthless.


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September 24, 2013, 03:26:23 PM
 #3152

I guess if altcoins gain interest again, XPM has a chance as a "fast" and "fun" coin. Most others are doomed Wink
As for myself, I'm selling everything newly mined over my current reserve, regardless of price, with Cryptsy auto-sell, for Bitcoins only.
Something is wrong with the world today.
I dont understand it.
This morning MCXfee was about 0.75 and now people are willing to pay 1 BTC for it!!! for nothing!!! People are going nuts. And all my Primecoins declined to 0.0017.  Roll Eyes 
But I am stone sure it will turn soon to the old order back to the old prices when Primecoin was 10times more expensive and MCXfee was worthless.


When people do mistakes in investing, I would assume they get more cautious, and stick more easily to BTC. I don't know where you assumed that everybody invested in MCXfee will soon go (or go back) to XPM.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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September 24, 2013, 03:36:48 PM
 #3153

I think it's because MCXfee promises an income stream, however small. It looks like 'free' money until you take a long, hard look at the numbers.

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September 24, 2013, 05:11:17 PM
 #3154

I think it's because MCXfee promises an income stream, however small. It looks like 'free' money until you take a long, hard look at the numbers.

Agreed it looks around 2% annual dividend per fee at the moment.
https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0

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September 24, 2013, 05:28:10 PM
 #3155

They are fun to trade mainly...might be great if the exchange keep growing at this pace.
Imagine btc-e or mtgox exchange fee shares xD
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September 25, 2013, 06:51:43 AM
 #3156

Why do you think Primecoin slumped down so deep this morning? Shocked  Shocked
 I was buying last week when it dropped below 0.25 becuase I thought it was funnny cheap but when I looked at the price this morning I was shocked. It slumped down without any correlation to bitcoin or XPM mining difficulty (or am I wrong?). How deep it could decline further??

There's not a single reason why it would stay this high. A month from now we will be at 0.0002 or something, mark my words

Sorry to hijack this thread, but user "vinne81" is a scammer and should be marked as such. I was a primary investor in his crypto casino which was taken offline abruptly and my coins stolen (he has also blocked me from sending him personal messages). We had an agreement that if the casino was taken offline that I would have my investment coins returned in full. I am posting here because he has posted in this thread recently and I just want everyone to know not to deal with him because he is a high risk. Thanks for your time.

http://nem.io/
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September 25, 2013, 07:28:58 AM
 #3157

Why do you think Primecoin slumped down so deep this morning? Shocked  Shocked
 I was buying last week when it dropped below 0.25 becuase I thought it was funnny cheap but when I looked at the price this morning I was shocked. It slumped down without any correlation to bitcoin or XPM mining difficulty (or am I wrong?). How deep it could decline further??

There's not a single reason why it would stay this high. A month from now we will be at 0.0002 or something, mark my words

Sorry to hijack this thread, but user "vinne81" is a scammer and should be marked as such. I was a primary investor in his crypto casino which was taken offline abruptly and my coins stolen (he has also blocked me from sending him personal messages). We had an agreement that if the casino was taken offline that I would have my investment coins returned in full. I am posting here because he has posted in this thread recently and I just want everyone to know not to deal with him because he is a high risk. Thanks for your time.

You DID get your coins back, you saying you didn't get my transactions?

Edit. My PXC transaction doesn't confirm, possibly because my client is outdated. Now their own (phenixcoin) website is down. You can't blame me for that now can you.

    {
        "account" : "",
        "address" : "Pbakvb8QTjpSo1of8HTk3Kp7nYr3vBk2ei",
        "category" : "send",
        "amount" : -5100.00000000,
        "fee" : 0.00000000,
        "confirmations" : 0,
        "txid" : "0da8ffb8473ac77c68719779ed6fc52c44a6f33e8dbe990f5274273dc0de112d",
        "time" : 1379397964
    }
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September 25, 2013, 12:04:35 PM
 #3158

Why do you think Primecoin slumped down so deep this morning? Shocked  Shocked
 I was buying last week when it dropped below 0.25 becuase I thought it was funnny cheap but when I looked at the price this morning I was shocked. It slumped down without any correlation to bitcoin or XPM mining difficulty (or am I wrong?). How deep it could decline further??

There's not a single reason why it would stay this high. A month from now we will be at 0.0002 or something, mark my words

Sorry to hijack this thread, but user "vinne81" is a scammer and should be marked as such. I was a primary investor in his crypto casino which was taken offline abruptly and my coins stolen (he has also blocked me from sending him personal messages). We had an agreement that if the casino was taken offline that I would have my investment coins returned in full. I am posting here because he has posted in this thread recently and I just want everyone to know not to deal with him because he is a high risk. Thanks for your time.

You DID get your coins back, you saying you didn't get my transactions?

Edit. My PXC transaction doesn't confirm, possibly because my client is outdated. Now their own (phenixcoin) website is down. You can't blame me for that now can you.

    {
        "account" : "",
        "address" : "Pbakvb8QTjpSo1of8HTk3Kp7nYr3vBk2ei",
        "category" : "send",
        "amount" : -5100.00000000,
        "fee" : 0.00000000,
        "confirmations" : 0,
        "txid" : "0da8ffb8473ac77c68719779ed6fc52c44a6f33e8dbe990f5274273dc0de112d",
        "time" : 1379397964
    }


A simple message letting me know of this would have cleared up all confusion. Also no reason to block messages from me, but fair enough. In the future, just know that you should probably contact your investors before you take such actions. It's just the polite thing to do.

http://nem.io/
XEM: NBT6RQ-B2K3DN-EB3BDF-TUE3FT-SBDCJJ-L4PCX5-GKL6
gwedo
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September 25, 2013, 03:17:50 PM
 #3159

I think it's because MCXfee promises an income stream, however small. It looks like 'free' money until you take a long, hard look at the numbers.
Yes that is correct. But why should XPM decline at the same time? People still like primecoin, and it was the third cryptocoin which is exchangable for fiat money (USD https://crypto-trade.com/trade/xpm_usd ).
XPM should cost more. maybe 0.01 BTC.
Everyone wants to buy XPM for this cheap price, it must go up.

Hello world
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September 25, 2013, 03:22:24 PM
 #3160

No coin value can survive indefinitely based on speculators alone. Eventually the coin needs some practical purpose/use/adoption to have lasting value (in the sense of fiat value).
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