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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686978 times)
markm
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July 18, 2013, 10:23:10 PM
 #2461

Of course its not, any more than lotteries are! Smiley

-MarkM-

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ivanlabrie
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July 18, 2013, 10:54:15 PM
 #2462

markm, woke up sarcastic today huh? :p

I agree that it's a gamble atm...hard to compete with the big dogs solo, but well, give it some time folks.
I'm gonna keep cpu mining with my vps till I get my new cpu+mobo combo and my vps credit runs out.
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July 18, 2013, 11:08:31 PM
 #2463

Gamble of what? Even if you find only one block every 20 days it is still profitable. Mining costs you nothing unless if you're an idiot and you're renting a VPN/server. Tongue

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July 18, 2013, 11:56:02 PM
 #2464

Market cap rank 5 now. http://coinmarketcap.com/
also only coin in top 15 to show growth last 24h.

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July 19, 2013, 12:24:10 AM
 #2465

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
reb0rn21
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July 19, 2013, 01:22:05 AM
 #2466

What happened?



{
"blocks" : 63415,
"currentblocksize" : 90506,
"currentblocktx" : 1,
"errors" : "",
"generate" : true,
"genproclimit" : 4,
"primespersec" : 957,
"pooledtx" : 1,
"testnet" : false
}

PPS dropped by 500% and blocksize went up from 1000 to 90506?

              ▄▄▄ ▀▀▀▀▀▀▀▀▀ ▄▄▄
           ▄▀▀    ▄▄▄▄▄▄▄▄▄    ▀▀▄
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      ▄▀▀ ▄▄▀    ▀▀▄▄▄▄▄▄▄▀▀    ▀▄▄ ▀▀▄
     █   █            ▀            █   █
   ▄▀ █  ▀▄▄                     ▄█▀  █ ▀▄
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 ██   █ ██ ▀▄    ▀▄ █   █ ▄▀    ▄▀ ██ █  ▀██
 █  ▄█  ▀█  ▀▀▀▀▀▀▀ █   █ ▀▀▀▀▀▀▀  █   █▄  █
█▀ █  █  █          █   █          █  █  █ ▀▀
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              ▀▀ ▄▄▄▄▄▄▄▄▄▄▄ ▀▀
   
..I  D  E  N  A..
   
Proof-of-Person Blockchain

Join the mining of the first human-centric
cryptocurrency
 



 
▲    2 3 2 2

..N  O  D  E  S..
   
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███                            ███
███                            ███
███                            ███
 ███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
  ▀▀██████████████████████████▀▀
   
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Idena node

   
   
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███       █   ▀▀ ▀▀▀▀█       ███
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▀▀████████████████▀▀
▀▀▀██████▀▀▀
   
    .REQUEST INVITATION.
mustyoshi
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July 19, 2013, 01:31:28 AM
 #2467

What happened?



{
"blocks" : 63415,
"currentblocksize" : 90506,
"currentblocktx" : 1,
"errors" : "",
"generate" : true,
"genproclimit" : 4,
"primespersec" : 957,
"pooledtx" : 1,
"testnet" : false
}

PPS dropped by 500% and blocksize went up from 1000 to 90506?

Spam transactions.
hasle2
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July 19, 2013, 01:36:52 AM
 #2468

Market cap rank 5 now. http://coinmarketcap.com/
also only coin in top 15 to show growth last 24h.

Anyone have any idea why every other coin in the top 10 tanked at the same time? People jumping into xpm or something else?
ReCat
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July 19, 2013, 01:41:00 AM
 #2469

What happened?



{
"blocks" : 63415,
"currentblocksize" : 90506,
"currentblocktx" : 1,
"errors" : "",
"generate" : true,
"genproclimit" : 4,
"primespersec" : 957,
"pooledtx" : 1,
"testnet" : false
}

PPS dropped by 500% and blocksize went up from 1000 to 90506?

Spam transactions.

What are the consequences of this?

BTC: 1recatirpHBjR9sxgabB3RDtM6TgntYUW
Hold onto what you love with all your might, Because you can never know when - Oh. What you love is now gone.
mustyoshi
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July 19, 2013, 01:41:54 AM
 #2470

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.


What happened?



{
"blocks" : 63415,
"currentblocksize" : 90506,
"currentblocktx" : 1,
"errors" : "",
"generate" : true,
"genproclimit" : 4,
"primespersec" : 957,
"pooledtx" : 1,
"testnet" : false
}

PPS dropped by 500% and blocksize went up from 1000 to 90506?

Spam transactions.

What are the consequences of this?

Blockchain bloat. I looked at the transactions and they are not even to the same address so idk what it's for.
RustyShackleford1950
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July 19, 2013, 01:45:38 AM
 #2471

Market cap rank 5 now. http://coinmarketcap.com/
also only coin in top 15 to show growth last 24h.

Anyone have any idea why every other coin in the top 10 tanked at the same time? People jumping into xpm or something else?

Most coins are tied to bitcoin, wherever bitcoin goes, the others follow

On keyboard, the big d, rusty shackleford
reb0rn21
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July 19, 2013, 01:49:28 AM
 #2472

happened again i see it by CPU usage drop from 100% to ~65%

              ▄▄▄ ▀▀▀▀▀▀▀▀▀ ▄▄▄
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 ██   █ ██ ▀▄    ▀▄ █   █ ▄▀    ▄▀ ██ █  ▀██
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    ▀█  ██ █ █▀▄    ▄▄▄▄▄    ▄▀█ █ ██  █▀
      ▀▄ ▀ █ █ ██▄         ▄██ █ █ ▀ ▄▀
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          ▀▀▄█ █    ▀▀▀▀▀    █ █▄▀▀
              ▀▀ ▄▄▄▄▄▄▄▄▄▄▄ ▀▀
   
..I  D  E  N  A..
   
Proof-of-Person Blockchain

Join the mining of the first human-centric
cryptocurrency
 



 
▲    2 3 2 2

..N  O  D  E  S..
   
                ██
                ██
                ██
                ██
                ██
         ▄      ██      ▄
         ███▄   ██   ▄███
          ▀███▄ ██ ▄███▀
            ▀████████▀
              ▀████▀
                ▀▀
██▄                            ▄██
███                            ███
███                            ███
███                            ███
 ███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
  ▀▀██████████████████████████▀▀
   
D O W N L O A D

Idena node

   
   
▄▄▄██████▄▄▄
▄▄████████████████▄▄
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███      █   ▄▄ █▀▄        ███
██▀      █  ███ █  ▀▄      ▀██
███       █   ▀▀ ▀▀▀▀█       ███
███       █  ▄▄▄▄▄▄  █       ███
███       █  ▄▄▄▄▄▄  █       ███
██▄      █  ▄▄▄▄▄▄  █      ▄██
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███▄    ▀▀▀▀▀▀▀▀▀▀▀▀    ▄███
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▀▀▀██████▀▀▀
   
    .REQUEST INVITATION.
qiuness
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July 19, 2013, 01:54:23 AM
 #2473

QQ: is it worth mining with Amazon EC2? Anyone doing it?
Vigil
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July 19, 2013, 02:16:29 AM
 #2474

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
mustyoshi
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July 19, 2013, 02:17:18 AM
 #2475

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.
Eli0t
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July 19, 2013, 03:36:15 AM
 #2476

Does the difficulty scale in a linear way or is it hard to predict?

+1 difficulty == 30x harder to mine a block
+2 difficulty == 900x harder
etc.

hold on a min, so now it is 900x harder to mine blocks that at the start? well i think it was 7.6 when i started so no wonder the blocks have stopped for me. Wow, need a pool asap.

The genesis block was difficulty 6.0, block 2 was difficulty 7.0 and it ramped up incrementally from then on.
it actually dipped slightly below 7 by block 16 (i know cause i found it Wink

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July 19, 2013, 03:50:49 AM
 #2477

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.

unprofitable things simply can not sustain themselves. its not about being a good person.

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Hold onto what you love with all your might, Because you can never know when - Oh. What you love is now gone.
RustyShackleford1950
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July 19, 2013, 04:13:57 AM
 #2478

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.

unprofitable things simply can not sustain themselves. its not about being a good person.

Except for everything that's free, non-profit organisations, charities, etc.

On keyboard, the big d, rusty shackleford
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July 19, 2013, 04:15:40 AM
 #2479

QQ: is it worth mining with Amazon EC2? Anyone doing it?

Well someone (about 18,000 people signed up to perform Primecoin mining) couldn't resist to do it...

http://www.theregister.co.uk/2013/07/16/digitalocean_primecoin_cloud_problems/
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July 19, 2013, 04:18:59 AM
 #2480

I don't really understand. with the xpm difficulty and reward like it is, it doesn't seem like it will be worth mining soon.
If all you care about is profit, then yeah.

Well, that is why the vast majority of people are mining.
I keep forgetting how rare altruistic ideals are.

unprofitable things simply can not sustain themselves. its not about being a good person.

Except for everything that's free, non-profit organisations, charities, etc.

Non-profit organization is a legal term. it just means that the organization is not a business. but it still has to generate profit, as in, NET income, in order to sustain itself. Generally in the form of donations or sponsorships. Charities are the same.

BTC: 1recatirpHBjR9sxgabB3RDtM6TgntYUW
Hold onto what you love with all your might, Because you can never know when - Oh. What you love is now gone.
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