Bitcoin Forum
December 07, 2019, 01:08:58 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 450 »
  Print  
Author Topic: [ANN] [QRK] Quark | Core 0.10 upgrade  (Read 1030268 times)
giveBTCpls
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
December 03, 2013, 04:12:39 AM
 #2121

Im still waiting for a reply, this is a pic from qrk.coinmine.pl website:

I've been mining for an hour and on the cmd window there is activity, im at 20kH/s per core and finding new blocks constantly but I have 0.0 QRK. What a scam.



Even at a slow speed, you should still be getting something

Only shortly after when your mining pool has "accepted" a share of work and gives you a "Yay" message, then your KH/s will show up for a short time (5 minutes).  Then it will go back to 0.0 Kh/s , until the next time one of the worker threads gets another share of work "accepted".  If nothing is accepted then the Kh/s value stays at 0.0 Kh/s.

That is what my observation has been for the last 4 days of mining Quark.

Also, noticed that with a Dual Core CPU with 2 threads running , it takes quite a long time to get one share of work "accepted". 

20Kh/s is quite slow.  On my i7 Quade Core laptop I am getting 65Kh/s on 2 threads for total of 200 Kh/s roughly.

Also, this is NOT a scam, you just have to get the technicals right.    I just bought 600 Quarks today, will buy more as price drops or level out.   

Question:   What type of CPU are you mining on?   AMD or Intel ?  What model?

What type of CPU are you mining on?


Ok I got my first QKR mined

Now I've added a second worker for my i5 2410M 2.4ghz laptop

Im using this Win64 version improved minerd:

https://bitcointalk.org/index.php?topic=353448.20

My question is:

1) How can I know how much work did my computer did vs my laptop?
2) Why the Win64 improved version of minerd on that thread doesn't show speed and hashes on the cmd window like the one im using on win32 for q6600? (minerd_w32_sse3)
I want to know if my laptop is doing something. I only got this: 1/1 accepted (100%) 143kh/s (yay!!!)
The rest is constant "stratum detected new block" messages. Been running it for half an hour.
How many QRK did I got with that accepted block in theory?

There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1575680938
Hero Member
*
Offline Offline

Posts: 1575680938

View Profile Personal Message (Offline)

Ignore
1575680938
Reply with quote  #2

1575680938
Report to moderator
1575680938
Hero Member
*
Offline Offline

Posts: 1575680938

View Profile Personal Message (Offline)

Ignore
1575680938
Reply with quote  #2

1575680938
Report to moderator
1575680938
Hero Member
*
Offline Offline

Posts: 1575680938

View Profile Personal Message (Offline)

Ignore
1575680938
Reply with quote  #2

1575680938
Report to moderator
WillBit
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
December 03, 2013, 04:19:50 AM
 #2122

QuarkCoin went H.A.M. this week.

http://www.youtube.com/watch?v=a72UcVRmwwI
dE_logics
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile WWW
December 03, 2013, 04:22:05 AM
 #2123

Im still waiting for a reply, this is a pic from qrk.coinmine.pl website:

I've been mining for an hour and on the cmd window there is activity, im at 20kH/s per core and finding new blocks constantly but I have 0.0 QRK. What a scam.



Even at a slow speed, you should still be getting something

Only shortly after when your mining pool has "accepted" a share of work and gives you a "Yay" message, then your KH/s will show up for a short time (5 minutes).  Then it will go back to 0.0 Kh/s , until the next time one of the worker threads gets another share of work "accepted".  If nothing is accepted then the Kh/s value stays at 0.0 Kh/s.

That is what my observation has been for the last 4 days of mining Quark.

Also, noticed that with a Dual Core CPU with 2 threads running , it takes quite a long time to get one share of work "accepted". 

20Kh/s is quite slow.  On my i7 Quade Core laptop I am getting 65Kh/s on 2 threads for total of 200 Kh/s roughly.

Also, this is NOT a scam, you just have to get the technicals right.    I just bought 600 Quarks today, will buy more as price drops or level out.   

Question:   What type of CPU are you mining on?   AMD or Intel ?  What model?

What type of CPU are you mining on?


Ok I got my first QKR mined

Now I've added a second worker for my i5 2410M 2.4ghz laptop

Im using this Win64 version improved minerd:

https://bitcointalk.org/index.php?topic=353448.20

My question is:

1) How can I know how much work did my computer did vs my laptop?
2) Why the Win64 improved version of minerd on that thread doesn't show speed and hashes on the cmd window like the one im using on win32 for q6600? (minerd_w32_sse3)
I want to know if my laptop is doing something. I only got this: 1/1 accepted (100%) 143kh/s (yay!!!)
The rest is constant "stratum detected new block" messages. Been running it for half an hour.
How many QRK did I got with that accepted block in theory?

CPU usage. Of course, it'll be used by other things like anti-virus scanners, and background Microsoft processes which you have no control over.

▄▄▄█████████▄▄▄
▄▄█████████████████████▄▄
▄██████████▄▄▄    ▀▀▀███████▄
▄██████████████████▄▄▄   ▀▀█████▄
████████████████████████▌  ▄███████
██████████████▀▀    ▀▀██▀ ▄███▀ ▀████
███████████▀▀  ▄▄ ▄▄     ▄█████▄  ▀████
███████████  ▄▄ ▀█████▄ ▄█▀  █████  ▀████
▄██████████   ▀████▀  ▀███     █████  ▀███▄
██████████▌  ▄████▄  ▄█▀▀██▄   ▐█████  ████
██████████   ▀▀ ▀████▀    ██    ██████ ████
██████████▌      ▄███▄  ▄██▄   ▐██████H████
▀██████████▄   ▄█▀  ▀████▀▀▀   ███████████▀
██████████▀ ▄█▀    ██▀▀██   ▄████████████
███████▀ ▄███▄           ▄█████████████
█████▄▄█████████▄▄▄▄▄████████████████
▀█████████████████████████████████▀
▀█████████████████████████████▀
▀▀███████████████████████▀▀
▀▀███████████████▀▀
▀▀▀▀▀▀▀▀▀
.






  

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
  

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
  

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀


          ▄████████
          █████████
          █████
          █████
      █████████████
      █████████████
          █████
          █████
          █████
          █████
          █████


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
dE_logics
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile WWW
December 03, 2013, 04:23:51 AM
 #2124

My difficulty is still shown as 0.

▄▄▄█████████▄▄▄
▄▄█████████████████████▄▄
▄██████████▄▄▄    ▀▀▀███████▄
▄██████████████████▄▄▄   ▀▀█████▄
████████████████████████▌  ▄███████
██████████████▀▀    ▀▀██▀ ▄███▀ ▀████
███████████▀▀  ▄▄ ▄▄     ▄█████▄  ▀████
███████████  ▄▄ ▀█████▄ ▄█▀  █████  ▀████
▄██████████   ▀████▀  ▀███     █████  ▀███▄
██████████▌  ▄████▄  ▄█▀▀██▄   ▐█████  ████
██████████   ▀▀ ▀████▀    ██    ██████ ████
██████████▌      ▄███▄  ▄██▄   ▐██████H████
▀██████████▄   ▄█▀  ▀████▀▀▀   ███████████▀
██████████▀ ▄█▀    ██▀▀██   ▄████████████
███████▀ ▄███▄           ▄█████████████
█████▄▄█████████▄▄▄▄▄████████████████
▀█████████████████████████████████▀
▀█████████████████████████████▀
▀▀███████████████████████▀▀
▀▀███████████████▀▀
▀▀▀▀▀▀▀▀▀
.






  

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
  

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
  

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀


          ▄████████
          █████████
          █████
          █████
      █████████████
      █████████████
          █████
          █████
          █████
          █████
          █████


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
zvs
Legendary
*
Offline Offline

Activity: 1624
Merit: 1000


House Nogleg


View Profile WWW
December 03, 2013, 04:54:00 AM
 #2125

Can someone tell me why is the market f'd up?

All the coins lost its value. Prices going down and down.
Only a ninja can stop a ninja.

skaffen
Full Member
***
Offline Offline

Activity: 123
Merit: 100


View Profile
December 03, 2013, 05:01:32 AM
 #2126

The wikipedia article has been flagged for deletion.  Does anyone have any other references to add to it?

Quote
It is proposed that this article be deleted because of the following concern:
One mention in The Guardian and some chit-chat on a BitCoin forum is not enough to satisfy WP:GNG.

https://en.wikipedia.org/wiki/Quark_(cryptocurrency)

BTC: 1PwXSJnmnCMKTEw8JqtjdDVoRUhtMExiNP    XPM: ANREvGk6CJYM5YWuW3eNankjGKS1ZYmAzP
dE_logics
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile WWW
December 03, 2013, 05:34:50 AM
 #2127

The wikipedia article has been flagged for deletion.  Does anyone have any other references to add to it?

Quote
It is proposed that this article be deleted because of the following concern:
One mention in The Guardian and some chit-chat on a BitCoin forum is not enough to satisfy WP:GNG.

https://en.wikipedia.org/wiki/Quark_(cryptocurrency)

They're NUTS. They don't believe the coin being placed in popular exchanges is enough to prove the coin's exchanges (see talk page).


There's no way to contact the devs to put the specifications up their website.

▄▄▄█████████▄▄▄
▄▄█████████████████████▄▄
▄██████████▄▄▄    ▀▀▀███████▄
▄██████████████████▄▄▄   ▀▀█████▄
████████████████████████▌  ▄███████
██████████████▀▀    ▀▀██▀ ▄███▀ ▀████
███████████▀▀  ▄▄ ▄▄     ▄█████▄  ▀████
███████████  ▄▄ ▀█████▄ ▄█▀  █████  ▀████
▄██████████   ▀████▀  ▀███     █████  ▀███▄
██████████▌  ▄████▄  ▄█▀▀██▄   ▐█████  ████
██████████   ▀▀ ▀████▀    ██    ██████ ████
██████████▌      ▄███▄  ▄██▄   ▐██████H████
▀██████████▄   ▄█▀  ▀████▀▀▀   ███████████▀
██████████▀ ▄█▀    ██▀▀██   ▄████████████
███████▀ ▄███▄           ▄█████████████
█████▄▄█████████▄▄▄▄▄████████████████
▀█████████████████████████████████▀
▀█████████████████████████████▀
▀▀███████████████████████▀▀
▀▀███████████████▀▀
▀▀▀▀▀▀▀▀▀
.






  

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
  

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
  

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀


          ▄████████
          █████████
          █████
          █████
      █████████████
      █████████████
          █████
          █████
          █████
          █████
          █████


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
Palmdetroit
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


PHS 50% PoS - Stop mining start minting


View Profile
December 03, 2013, 05:43:36 AM
 #2128

Im still waiting for a reply, this is a pic from qrk.coinmine.pl website:

I've been mining for an hour and on the cmd window there is activity, im at 20kH/s per core and finding new blocks constantly but I have 0.0 QRK. What a scam.



Even at a slow speed, you should still be getting something

Only shortly after when your mining pool has "accepted" a share of work and gives you a "Yay" message, then your KH/s will show up for a short time (5 minutes).  Then it will go back to 0.0 Kh/s , until the next time one of the worker threads gets another share of work "accepted".  If nothing is accepted then the Kh/s value stays at 0.0 Kh/s.

That is what my observation has been for the last 4 days of mining Quark.

Also, noticed that with a Dual Core CPU with 2 threads running , it takes quite a long time to get one share of work "accepted". 

20Kh/s is quite slow.  On my i7 Quade Core laptop I am getting 65Kh/s on 2 threads for total of 200 Kh/s roughly.

Also, this is NOT a scam, you just have to get the technicals right.    I just bought 600 Quarks today, will buy more as price drops or level out.   

Question:   What type of CPU are you mining on?   AMD or Intel ?  What model?

What type of CPU are you mining on?


Ok I got my first QKR mined

Now I've added a second worker for my i5 2410M 2.4ghz laptop

Im using this Win64 version improved minerd:

https://bitcointalk.org/index.php?topic=353448.20

My question is:

1) How can I know how much work did my computer did vs my laptop?
2) Why the Win64 improved version of minerd on that thread doesn't show speed and hashes on the cmd window like the one im using on win32 for q6600? (minerd_w32_sse3)
I want to know if my laptop is doing something. I only got this: 1/1 accepted (100%) 143kh/s (yay!!!)

The rest is constant "stratum detected new block" messages. Been running it for half an hour.
How many QRK did I got with that accepted block in theory?

because I put a -q flag in the command line which means quiet (remove to see all the hashes and clutter, I prefer to just see shares!) On accepted shares you will see hasrhate or remove -q to see in real time!

broken_pixel
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
December 03, 2013, 05:45:20 AM
 #2129

Anyone want to donate back to the miner that was one month dumb?

Your Trade History (Last 50)
Date   Type   Price Each (BTC)   QRK Traded   Total BTC
2013-12-02 20:02:04   Buy   0.00019000   328.25979620   0.06236936
2013-10-23 02:29:46   Sell   0.00000060   50000.00000000   0.03000000
2013-10-23 02:28:22   Sell   0.00000060   15154.00000000   0.00909240
2013-10-22 01:31:12   Sell   0.00000071   7275.94117647   0.00516592
2013-10-22 01:01:35   Sell   0.00000071   2724.05882353   0.00193408
2013-10-21 22:33:29   Sell   0.00000067   10000.00000000   0.00670000
2013-09-28 01:39:42   Sell   0.00000201   6848.50495050   0.01376549
2013-09-28 01:39:20   Sell   0.00000202   4950.49504950   0.01000000
2013-08-23 14:28:41   Sell   0.00000380   2500.00000000   0.00950000
2013-08-20 16:19:29   Sell   0.00000420   4200.00000000   0.01764000
2013-08-20 15:20:54   Sell   0.00000400   5000.00000000   0.02000000
2013-08-05 08:24:56   Sell   0.00000290   1500.00000000   0.00435000
2013-07-30 22:13:56   Sell   0.00000316   5000.00000000   0.01580000
2013-07-30 22:13:55   Sell   0.00000316   1.00000000   0.00000316

Live & learn.. .. ... ..

QNNuDezXRZzgKKpat7P7MMMxkWnfaseZ79

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
INSeed
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
December 03, 2013, 07:08:05 AM
 #2130

Guys

Today few of qrk.coinmine.pl miners found an exploit to cash out more coins that they actually mined and hot wallet was completely dry out. This exploit was possible because of site upgrade I was doing and its not related to pool software.

I know this was kind of my fault but I am kindly asking honest users to give back Quarks to this address: QY9f1fRFMv3xJha9XH637k2Yey1WSkvGBA

Will appreciate your cooperation.

feeleep

I should have received a 100 QRK auto-payout today which does appear in the website in transaction list, it is marked as "Confirmed", but my wallet is still empty, and the 100 qrk are gone from my pool account. What should I do?
did you ever get your quarks???  what pool??? -digeros

No, I never got my quarks from qrk.coinmine.pl

feeleep
Legendary
*
Offline Offline

Activity: 1197
Merit: 1000


View Profile WWW
December 03, 2013, 08:33:02 AM
 #2131

Guys

Today few of qrk.coinmine.pl miners found an exploit to cash out more coins that they actually mined and hot wallet was completely dry out. This exploit was possible because of site upgrade I was doing and its not related to pool software.

I know this was kind of my fault but I am kindly asking honest users to give back Quarks to this address: QY9f1fRFMv3xJha9XH637k2Yey1WSkvGBA

Will appreciate your cooperation.

feeleep

I should have received a 100 QRK auto-payout today which does appear in the website in transaction list, it is marked as "Confirmed", but my wallet is still empty, and the 100 qrk are gone from my pool account. What should I do?
did you ever get your quarks???  what pool??? -digeros

No, I never got my quarks from qrk.coinmine.pl



whats your account name on pool?

INSeed
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
December 03, 2013, 08:59:27 AM
 #2132

Guys

Today few of qrk.coinmine.pl miners found an exploit to cash out more coins that they actually mined and hot wallet was completely dry out. This exploit was possible because of site upgrade I was doing and its not related to pool software.

I know this was kind of my fault but I am kindly asking honest users to give back Quarks to this address: QY9f1fRFMv3xJha9XH637k2Yey1WSkvGBA

Will appreciate your cooperation.

feeleep

I should have received a 100 QRK auto-payout today which does appear in the website in transaction list, it is marked as "Confirmed", but my wallet is still empty, and the 100 qrk are gone from my pool account. What should I do?
did you ever get your quarks???  what pool??? -digeros

No, I never got my quarks from qrk.coinmine.pl



whats your account name on pool?

Account name on pool is the same, INSeed, do you need the transaction numbeR?

Thanks
Robert Lewandowski
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250

Bayern


View Profile
December 03, 2013, 09:21:47 AM
 #2133

Quarkcoin was listed on here, a lot of people have questions about the pre-mine ....

http://www.reddit.com/r/scamcoin/comments/1ry2se/a_list_of_coins_people_find_suspicious/
Hilux74
Legendary
*
Offline Offline

Activity: 913
Merit: 1000



View Profile
December 03, 2013, 09:43:39 AM
 #2134

Its annoying that they are claiming Quark was PRE-mined which is completely false.  Pre-mined coins are when say 1,000,000 total coins will exist in say 5 years but the developer mines ay 300,000 before releasing the coin to the public for mining.  Quark on the other had had zero pre-mine.  What Quark had/has was a design where instead of mining coins for 5, 10, 20 years 99% of the mining would be completed in 6 months. 

There is a BIG difference between a coin that is pre-mined and a coin that was fairly mined but by design had a very short mining period of ~6 months.  This short mining period is why Quark is ready for business.  Most of the coins are out there ready to be used.  So unlike Bitcoin large mining consortiums cannot take over the show and control supply.  The Quarks are out and free. 

There are some other coins like Extremecoin that also had a short mining period but what is nice with Quark is that for pretty much its entire mining period it has been worth very little and was not hoarded, it was pretty much mined and sold and many people bought small amounts just because it was cheap making it well distributed.
Robert Lewandowski
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250

Bayern


View Profile
December 03, 2013, 09:48:52 AM
 #2135

Its annoying that they are claiming Quark was PRE-mined which is completely false.  Pre-mined coins are when say 1,000,000 total coins will exist in say 5 years but the developer mines ay 300,000 before releasing the coin to the public for mining.  Quark on the other had had zero pre-mine.  What Quark had/has was a design where instead of mining coins for 5, 10, 20 years 99% of the mining would be completed in 6 months. 

There is a BIG difference between a coin that is pre-mined and a coin that was fairly mined but by design had a very short mining period of ~6 months.  This short mining period is why Quark is ready for business.  Most of the coins are out there ready to be used.  So unlike Bitcoin large mining consortiums cannot take over the show and control supply.  The Quarks are out and free. 

There are some other coins like Extremecoin that also had a short mining period but what is nice with Quark is that for pretty much its entire mining period it has been worth very little and was not hoarded, it was pretty much mined and sold and many people bought small amounts just because it was cheap making it well distributed.

Ive seen it mentioned that there was a couple 2+ Million Buy Orders for QRK when it was insanely cheap who knows where that is now. But my overall opinion is that almost every coin that we see on Coinmarketcap was heavily premined or heavily bought up when it was first released. Im still confident in QRK because i have a good hunch about it, well see what happens.
victzhang
Full Member
***
Offline Offline

Activity: 193
Merit: 100


View Profile
December 03, 2013, 10:49:44 AM
 #2136

I think it is unfair to say Quark is a "premined" or "scam" coin.

Quark was and is being mined by the community, not just by its developers or a few privileged people. At its early stage, since it is a quite new coin with an unfamiliar Proof-of-Work, not many miners were mining this coin. And what was even worse, the Quark community did a lousy job of promoting this coin. Although Quark itself has some interesting properties, it was largely unnoticed and forgotten. The mining reward even cannot offset the cost - if you are interesting in the history, navigate to page 68 of the Quark official thread on bitcointalk. Even during that hard period, miners were still working on this coin to keep it alive.

Personally, I am an early Quark miner; I mined about 1000K Quarks using my laptop and 2 desktop computers during the first two months. I HAD TO mine Quark because all my computers don't have a discrete GPU and I can't afford an ASIC. Other coins are unfair to me, since a high-end GPU is required to mine them efficiently. To me Quark is the fairest coin since everyone can mine it on CPU instead of specialized hardware.

I sold about 500K Quarks in total when the price was extremely low (less than 0.00000100BTC). Quark was plummeting down to 0.00000030BTC, and I thought there was no hope for this coin and donated 262K Quarks to a bounty. Honestly, currently I have 270,773.0369 QRK in my wallet and I won't sell it in near future. Yes, this is still indeed a large number comparing with the mining income today, but as an early adopter who helped build up the Quark community, I think I deserve the reward. If you think it is unfair, think about some early BTC miners. In the history of Bitcoin, there were also many early miners mined large amount of coins easily. If they kept them until today, they become really really rich (but there were very few wise miners). There is nothing wrong that early miners could earn more. They took the risk of adopting a new technology. They kept the coin alive during the hard times.

Bitcoin distribution is also very uneven. You can see the top 100 richest Bitcoin addresses on bitcoinrichlist.com to understand this. Bitcoin is considered as "fair" (or at least "fairer" than Quark), just because there are still a minority of people with ASICs can mine it today. This is really ridiculous.

Yes, there are a few early miners selling off their Quarks and earn some BTCs recently. I say "some" because I believe the Quark is going to be more valuable in the future, and those who sell off their coins today might get really large amount money if they sell it in the future (Consider the Bitcoin history!). This is actually very good, since right now the coin is still pretty cheap thanks to these dumps and in this way early miners have distributed their coins to the community. Recently, the trade volume on cryptsy is over 1000BTC (5000BTC peak) per day. This is a really huge number, meaning that large amounts coins have been distributed during the panic sell off. This is GOOD, in terms of creating a better distribution (although these early miners will cry after a few months).

Quark is being mined during a short period of time, which discourages GPU or ASIC miners and keeps the coin fair since Developing ASIC miners takes considerable time and man power. Quark are mostly mined by early miners, and have been well distributed before the value of this coin goes high like Bitcoin. So there are no ASIC miners, no a minority of privileged people mining using specialized hardware for big profit. These factors, ostensibly look like a "premine", essentially are great advantages of Quark. Meanwhile, Quark is also much more secure and faster than Bitcoin.

In conclusion, there is nothing wrong with Quark itself. If you don't like this coin in anyway, simply looking for other coins you like. Don't say Quark is a scam.
Amph
Legendary
*
Offline Offline

Activity: 2254
Merit: 1003



View Profile
December 03, 2013, 11:01:42 AM
 #2137

hey wtf, i opened the wallet, and i have immediately started receiving, mass block transactions?Huh
dE_logics
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile WWW
December 03, 2013, 11:16:23 AM
 #2138

Guys protect that wiki article from vandalism.

▄▄▄█████████▄▄▄
▄▄█████████████████████▄▄
▄██████████▄▄▄    ▀▀▀███████▄
▄██████████████████▄▄▄   ▀▀█████▄
████████████████████████▌  ▄███████
██████████████▀▀    ▀▀██▀ ▄███▀ ▀████
███████████▀▀  ▄▄ ▄▄     ▄█████▄  ▀████
███████████  ▄▄ ▀█████▄ ▄█▀  █████  ▀████
▄██████████   ▀████▀  ▀███     █████  ▀███▄
██████████▌  ▄████▄  ▄█▀▀██▄   ▐█████  ████
██████████   ▀▀ ▀████▀    ██    ██████ ████
██████████▌      ▄███▄  ▄██▄   ▐██████H████
▀██████████▄   ▄█▀  ▀████▀▀▀   ███████████▀
██████████▀ ▄█▀    ██▀▀██   ▄████████████
███████▀ ▄███▄           ▄█████████████
█████▄▄█████████▄▄▄▄▄████████████████
▀█████████████████████████████████▀
▀█████████████████████████████▀
▀▀███████████████████████▀▀
▀▀███████████████▀▀
▀▀▀▀▀▀▀▀▀
.






  

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
  

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
  

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀


          ▄████████
          █████████
          █████
          █████
      █████████████
      █████████████
          █████
          █████
          █████
          █████
          █████


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
giveBTCpls
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
December 03, 2013, 11:38:13 AM
 #2139

My wallet is not syncing. It blinks from these 2 black windows icon to 1 red bar then again to 2 black windows icon.

Netnox
Legendary
*
Offline Offline

Activity: 2044
Merit: 1008



View Profile
December 03, 2013, 12:45:15 PM
 #2140

All attention: Someone posted a pretty legit suggestion on Reddit to try to solve the 90% release within the 6 months period which is a drawback as we have heard.

I quote: We need a fork of Quarkcoin "Quarkcoin's hashing mechanism was a great idea. What wasn't a great idea however is releasing 90% or so of coins in a period of six months.
We need a fork that gets rid of the insane early adopter's reward. Who's with me?"

Some already backed this plan.

Here is the link: http://www.reddit.com/r/QuarkCoin/comments/1rzlea/we_need_a_fork_of_quarkcoin/

Let's all cooperate, i believe if this issue is solved. Quark will see huge gains!

Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 450 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!