-- Miner's Official Coin LAUNCH - NUGGETS (NUGS) --

[ohiwastedmylif]

I'm about to go to bed, but can someone confirm that I have this set up right?


I made a nuggets.conf in the roaming directory ( C:\Users\Morrison\AppData\Roaming\Nuggets ) as follows:

rpcuser=username
rpcpassword=pw
rpcallowip=192.168.1.1
rpcallowip=127.0.0.1
rpcport=5587
addnode=69.85.86.195
daemon=1
server=1
gen=0

And then set it up to run in CGMiner just as I have done the other time I solo mined (with CAPs)

It looks like it is running fine, but I don't know how to confirm it.

While mining close your QT, if you disconnect and are unable to continue mining you are working.

Also in debug you can type 'gethashespersec' to get your own hash rate I believe

[1714836918]

1714836918

[1714836918]

1714836918

[markm]

I like it's been over an hour now and we are on block 42 - Looks like it was well worth the money you spent to have this coin made for you

Shouldn't we be at a higher block if it is 70 second target time?

3600/70 = 51 ?

Slackers are sitting back not mining it waiting for rewarding blocks before starting their instamining, maybe?

(Maybe even hoping difficulty will drop by then?)

-MarkM-

[Damnsammit]

Ahhh!  thanks!  Looks like it's good to go then

[iGotSpots]

22:21:55

{
"blocks" : 41,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.27465282,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2458765,
"pooledtx" : 0,
"testnet" : false
}

23:11:18

{
"blocks" : 56,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.18737616,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 475058,
"pooledtx" : 0,
"testnet" : false
}


By the time the 120 blocks that reward 0 are done, everyone will have given up on this one lol took almost an hour to go from block 41 to block 56

[Kyune]

But even in a pool, where the big miners gets the golden blocks faster, the small miner will still get way more coins than the expected 49 coins.  That right there is a gift from the large miner for something the small miner did nothing to deserve.  You guys fail to see the big picture c

This is where the Dr. Pepper almost came out my nose.  Say what?

[DeathAndTaxes]

so the VGB protocol is just a variation of a random reward block. not really anything new, LuckyCoin has a random lucky block too and was launched months ago.

I think I'll concentrate my efforts on another coin, I think I'll look more into a mix of Proof of stake and proof of work for my alt coin. 

This.  Also random block or not the expected reward over the long run remains proportional to hashpower so much for the revolutionary concept which will provide a bonus to small miners.  I had a feeling but I was hoping it would be something novel and interesting.

[DeathAndTaxes]

But even in a pool, where the big miners gets the golden blocks faster, the small miner will still get way more coins than the expected 49 coins.  That right there is a gift from the large miner for something the small miner did nothing to deserve.  You guys fail to see the big picture c

This is where the Dr. Pepper almost came out my nose.  Say what?

That is the problem with a noob, non-miner, non-programmer "building" a coin.  He is completely wrong but he honestly doesn't know it.

[Vivisector999]

Lol, almost an hour and still only 1/3 of the way to the blocks that give any rewards. This is going really well for you, huh, Vlad

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin. And when I do get my .5% premine I'll be site to publicly shove it up your ass so you can finally stop moaning about it like I got rich or something.  Assholes of the first degree.

I've been on here all day.

Time for me to take a break and spend a little time with my kids you ungrateful jackasses.

Kill this fucking coin - I don't give a fuck.  Nothing but a bunch of Babies.  You all want a great coin but you only know how to bitch.

Fuck you!

I'm out!

LMAO.  I told him from the beginning, to not keep announcing the premine to everyone.  He stated, that he would not be bothered by anyone judging his actions, and that he would laugh through it.  Now this coming out of his mouth about 48 hours later.  Sheesh.  And here I was thinking people were going easy on him.  Lol, I would hate to see what he would do if he was attacked like a few other dev's that premined their portion.  People have said ALOT worse then anything that's been said to him.  But I have never seen a developer react this way.  Guess I won't bother mining this one after all.  I don't mine for jerks.  And to think he wanted to release the Catholic Coin.

That and his top secret never heard of before idea that gives to everyone equally, that had to be thought of my an economist because no programmer could ever come up with it idea, was the old, already used up superblock idea.   Which does absolutely nothing for small miners whatsoever aside from buy them a lotto ticket, where the big miners get 1000X the tickets given to them.  (Changes the odds in the small miners favor while not hurting the big miner.  LMFAO.)

[AgentME]

But even in a pool, where the big miners gets the golden blocks faster, the small miner will still get way more coins than the expected 49 coins.  That right there is a gift from the large miner for something the small miner did nothing to deserve.  You guys fail to see the big picture c

This is where the Dr. Pepper almost came out my nose.  Say what?

That is the problem with a noob, non-miner, non-programmer "building" a coin.  He is completely wrong but he honestly doesn't know it.

I'm impressed it's not even really a programming reason he failed at the VGB protocol with. It's just basic probability. People with more lottery tickets win the lottery proportionally more; big miners will mine the superblocks proportionally more.

[ohiwastedmylif]

22:21:55

{
"blocks" : 41,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.27465282,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2458765,
"pooledtx" : 0,
"testnet" : false
}

23:11:18

{
"blocks" : 56,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.18737616,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 475058,
"pooledtx" : 0,
"testnet" : false
}


By the time the 120 blocks that reward 0 are done, everyone will have given up on this one lol took almost an hour to go from block 41 to block 56

Word is that it is actually 250 blocks...

[Vivisector999]

LMAO I just re-read that announcement,  Why would he tell people openly that the Developer running this ship took 48 hours to figure out how to turn on his miner.  If that doesn't kill confidence, I don't know what will.

That and I am not sure where he meant by the last part of his statement in the announcement.  First he claims he will be working on his coin 16 hours a day.  Then in the announcement, he states, come on everyone, it's time you start making improvements to this coin and make it your own???  Is he expecting us to all start developing his coin for him?

[DeathAndTaxes]

22:21:55

{
"blocks" : 41,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.27465282,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2458765,
"pooledtx" : 0,
"testnet" : false
}

23:11:18

{
"blocks" : 56,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.18737616,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 475058,
"pooledtx" : 0,
"testnet" : false
}


By the time the 120 blocks that reward 0 are done, everyone will have given up on this one lol took almost an hour to go from block 41 to block 56

Word is that it is actually 250 blocks...

It is.

int64 static GetBlockValue(int nHeight, int64 nFees, uint256 prevHash)
{
      int64 nSubsidy = 0 * COIN;

           std::string cseed_str = prevHash.ToString().substr(8,7);
      const char* cseed = cseed_str.c_str();
      long seed = hex2long(cseed);

      int rand = generateMTRandom(seed, 100000);

      if(rand > 50000 && rand < 50011)      
         nSubsidy = 10045 * COIN;  //The VGB Protocol Random 250x Block Award

      if(nHeight == 1)  
         nSubsidy = 1100000 * COIN; //.5% Public Wallet Premine

      else if(nHeight == 2)  
         nSubsidy = 1100000 * COIN; //.5% Coin Owner Premine

      else if(nHeight < 249)
         nSubsidy = 0 * COIN;   //No  Coins awarded for the first 250 blocks (fair launch)

      else if(nHeight > 250)
         nSubsidy = 49 * COIN;   //Standard 49 Coin Reward   

      if(nHeight > 14726880) // no block reward after 7 years
                  nSubsidy = 0;

    return nSubsidy + nFees;
}

Also it looks like the subsidy for blocks 249 & 250 are undefined.

<249 = 0
>250 = 49

249 ?
250 ?

Likely should have been
<250
>=250

Not sure what is going to happen at block 249.  

On edit: missed the default 0 at the top of the function.  So the first paid block is actually 251.

Kinda ugly coding and I am about to go to sleep but it looks like any subsidy block will be overwritten back to 49.  Right?

[xan_The_Dragon]

I got in at 14 blocks

[thisnewcoin]

lmao, it will be core-dumped at block 249 

such a novice programmer, did he know anything about programming? Maybe a 10 years old trying there..

[AgentME]

Also it looks like the subsidy for blocks 249 & 250 are undefined.

<249 = 0
>250 = 49

249 ?
250 ?

Likely should have been
<250
>=250

Not sure what is going to happen at block 249.  

Look above, nSubsidy is initialized to 0.

(Amusingly if it wasn't, then each time the blockchain was scanned it would assign random extremely high values to those blocks (likely in the quadrillions), and I think the coins would be spendable in a transaction, but some nodes that calculated the reward as lower randomly would reject the blocks, leading to constantly forks forever after.)

[markm]

It will be zero, as initialised, or 10045, if a lucky block.

-MarkM-

[DeathAndTaxes]

Also it looks like the subsidy for blocks 249 & 250 are undefined.

<249 = 0
>250 = 49

249 ?
250 ?

Likely should have been
<250
>=250

Not sure what is going to happen at block 249. 

Look above, nSubsidy is initialized to 0.

(Amusingly if it wasn't, then each time the blockchain was scanned it would assign random extremely high values to those blocks (likely in the quadrillions), and I think the coins would be spendable in a transaction, but some nodes that calculated the reward as lower randomly would reject the blocks, leading to constantly forks forever after.)

Yeah I noticed that (see "on edit") after posting.  However it looks like no block will get the lottery due to the order of the if statements.

[AgentME]

Oh wow, I just realized there's no reward halving at all. After 7 years, rewards abruptly stop. Transaction fees will pay some rewards, but the sudden immediate drop-off would be chaos for the network as most miners go offline, and the remaining miners that stick it out will have extreme trouble meeting the high difficulty left in the wake. And then the network will be very vulnerable to 51% attacks.

Major issue.

[DeathAndTaxes]

Oh wow, I just realized there's no reward halving at all. After 7 years, rewards abruptly stop. Transaction fees will pay some rewards, but the sudden immediate drop-off would be chaos for the network as most miners go offline, and the remaining miners that stick it out will have extreme trouble meeting the high difficulty left in the wake. And then the network will be very vulnerable to 51% attacks.

Major issue.

Minor issue.  The coin won't be around in 7 weeks much less 7 years.

[AgentME]

Yeah I noticed that (see "on edit") after posting.  However it looks like no block will get the lottery due to the order of the if statements.

Holy shit, you're right.

Big issue, the "VGB protocol" is completely broken not only in design, but also in implementation. No blocks will ever get the reward.

(Okay technically, blocks 249 and 250 alone have a small chance of getting the reward. But no other blocks!)