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Author Topic: [ANN][ZET] Zetacoin - SHA256 - Upgrade to 0.11.3.3  (Read 446061 times)
elasticband
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September 11, 2013, 09:11:51 AM
 #901

does anyone know why i only get rejected while mining solo with avalon?
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September 11, 2013, 10:51:26 AM
 #902

I found a nice graph that shows the ZET total network speed.

http://184.169.153.199/


Nice find!

As for the amount of coins mined, I think the philosophy is to bring the main supply of coins up as fast as possible and get them into circulation to have a stable "known" economy. After that the miners will have the incentive to continue mining by the small inflationary portion of coin generation.

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“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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September 11, 2013, 01:55:11 PM
 #903

The OP says "160 million coins will be mined in around first year" we are already up to block 152,459
which is (80,640 * 1,000) + (71,819 * 500) = 116.74million does that sound right?

I don't understand why so many coins are mined in the first couple of months, what's the philosophy behind that?



Yes you are correct. 75% of all coins will be mined at the next block halving, which is about 8000 blocks from now (about a week)

I believe the intention is to essentially create a currency from thin air. Like if a new government just printed a whole bunch of new money and said this is the new currency we are using. The idea being to create crypto currency capable of everyday transactions and ready to be mass distributed immediately. It destroys the initial value of the coin but if people adopt it and continue to mine for the 1 million inflation coins each year, its probably the most ready network for handling day to day transactions. Its fast and sha256 based (bitcoin confirmation is slow and sha256 is much more energy efficient than scrypt)

EDIT:  Or its a pure pump and dump coin. Who knows  Grin

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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September 11, 2013, 03:35:01 PM
 #904

wow Cool many blocks found last hour and 2 in 1 minute  Grin



Mining with 12 USB Block Erupters on an Ubuntu 13.04 server (running @ total 48W).

Strange thing is, most of the time it finds 2 or 3 block in 2 to 4 hours and after that nothing or it takes 8+ hours to find the next block. When I restart BFG miner I find block(s) rather fast again in the first hour(s) after that it takes hours and hours to find the next. Huh

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September 11, 2013, 03:56:17 PM
 #905

getting 100% CPU usage on Ubuntu 12.04 when starting zetacoin?!?

Was trying to switch my local bitcoin stratum-ming server to zetacoin for fun and the 100% cpu is killing performance - 4 blocks and all orphans  Angry

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September 11, 2013, 04:05:52 PM
 #906

getting 100% CPU usage on Ubuntu 12.04 when starting zetacoin?!?

Was trying to switch my local bitcoin stratum-ming server to zetacoin for fun and the 100% cpu is killing performance - 4 blocks and all orphans  Angry

May be recompiling helps, check this out: https://bitcointalk.org/index.php?topic=267545.msg3023903;topicseen#msg3023903
Big thanks to TheSpiral.

_///// [XVG] ★★★★★WE ARE ON  THE VERGE ★★★★★ [MULTI-ALGO] /////_
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September 11, 2013, 04:15:07 PM
 #907

I was an idiot - copied an old .conf and had CPU mining on  Embarrassed

cgminer shows over 35 blocks found but only 1 immature  Huh

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September 11, 2013, 06:45:43 PM
 #908


Who runs zetpool.com?

I'm able to login with an active account.
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September 11, 2013, 06:58:14 PM
 #909


Who runs zetpool.com?

I'm able to login with an active account.

I had the same thing happen as soon as I confirmed my email address ......

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September 11, 2013, 10:03:44 PM
 #910

Does zetacoin have a paperwallet?
dmatthewstewart
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September 12, 2013, 12:54:28 AM
 #911

Alright, lets give this a shot. Everyone stand back...Im about to activate MINERD!

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September 12, 2013, 01:17:59 AM
 #912

Coinmine.pl has the difficulty at 11,000. Is that correct?

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September 12, 2013, 01:21:29 AM
 #913

"difficulty" : 11332.55343177
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September 12, 2013, 01:38:13 AM
 #914

What do you guys think will happen to the price after the next halving?

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September 12, 2013, 01:42:14 AM
 #915

What do you guys think will happen to the price after the next halving?

It will have to double, for the coin to stay alive.

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September 12, 2013, 05:28:29 AM
 #916


Who runs zetpool.com?

I'm able to login with an active account.

I had the same thing happen as soon as I confirmed my email address ......


Problems with zetpool.com have been resolved .... now able to log back in  Grin

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September 12, 2013, 06:03:45 AM
 #917

What do you guys think will happen to the price after the next halving?

It will have to double, for the coin to stay alive.

No, it does not need to double, but it will go up, probably with a slight lag after the halving to account for diminished supply. Also, those, who see it, have already started buying, so the price is edging upwards.

#101Life
Save Donbass

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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September 12, 2013, 06:27:33 AM
 #918

What do you guys think will happen to the price after the next halving?

It will have to double, for the coin to stay alive.
Wouldn't that be nice for the price to double. But if the price doesn't change, the coin doesn't die. The difficulty will shrink to half and everything will resume as normal.

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September 12, 2013, 07:07:18 AM
 #919

What do you guys think will happen to the price after the next halving?

It will have to double, for the coin to stay alive.
Wouldn't that be nice for the price to double. But if the price doesn't change, the coin doesn't die. The difficulty will shrink to half and everything will resume as normal.

but ASICs


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●  Whitepaper
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Nemo1024
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September 12, 2013, 07:10:27 AM
 #920

ASICs is not a magic bullet. An operator will only point his ASICs to a certaian coin if its profitability is higher or around that of BTC. For that to happen either the price needs to go up or difficulty needs to go down. We'll see how the network effect plays out in the days to come.

#101Life
Save Donbass

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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