[OSC]OpenSourcecoin Mandatory Update 7/1/14

[r3wt]

zelles has just completed an api function for Coinbit! woot! users will have the option of withdrawing OSC directly to/from openex. paying all the coinbit users now.

[unravelled]

Noticed the volume on coinex and hash rate going up as well congrats!

Subreddit r/opensourcecoin

[ninjaboon]

Noticed the volume on coinex and hash rate going up as well congrats!

Subreddit r/opensourcecoin

My friend from Pakistan told me about opensourcecoin today....will start mining tonight...

[peer2peer360]

OSC online wallet now live @ http://coinbit.pw

first 10 to post their account name and address get 100 osc apiece.

Here to support..  OSCcapitalgroup : 29GctWMXR3U2EpVurTRWfoEovQotxjPbx8

Thank you very much & i appreciate you r3wt

[ltiv]

OSC online wallet now live @ http://coinbit.pw

first 10 to post their account name and address get 100 osc apiece.

myconta / 26QEaD3VjjUFb7zZHv426Lc5UbfqqjWaAT

[podizzle]

how many OSC have been minted so far?

[waveydave]

OSC online wallet now live @ http://coinbit.pw

first 10 to post their account name and address get 100 osc apiece.

waveydave 23ZxSUM53tAwk9s3RMWHe3QadJDWAeHuZ7

[drduck]

yay coinbit.pw !

drduck xAQFioxLaS78TdCAm5eukSR42hesazHy

thank you!

[xisi]

xisi / y5mdnXt3zSdm6Fa2tDuk9WDNHLjgVAqSe

Really love the site design, minimalist, clean and very responsive.

[r3wt]

how many OSC have been minted so far?

almost 1 million were almost into phase two of production. starting at block 128,000 20 coins per block until block 256,000. i posted the exact calculations back on page 4 or 5 of this thread, but around 5 million coins will be produced in this time period. this period will be followed by a 144,000 block period at 25 coins per block, leaving just over 12 million coins in production at the first block halving, where the reward will drop to 12.5 coins per block. overtime, the value, steady production, and features will make this coin a winner. ask bcx he threw 3 th/s at it and couldn't even budge the block targets. like bitcoin, the stringent difficulty rules can sometimes lead to longer block times and a stranding effect, but in an electronic environment, OpenSourcecoin is proof that fast block times don't always mean less security, and give Sunny King credit for his thoughtfulness in designing Peercoin, which OSC is ultimately derived from.

[waveydave]

overtime, the value, steady production, and features will make this coin a winner. ask bcx he threw 3 th/s at it and couldn't even budge the block targets. like bitcoin, the stringent difficulty rules can sometimes lead to longer block times and a stranding effect, but in an electronic environment, OpenSourcecoin is proof that fast block times don't always mean less security, and give Sunny King credit for his thoughtfulness in designing Peercoin, which OSC is ultimately derived from.

Yeah, I noticed how the difficulty shifts with network hash rate rather than being stuck high when the power drops off. I've had transactions with some coins get stuck for hours or days when this happens. For applications where getting that first confirmation quickly is important it's a good feature.

BTW, I tried to get a p2pool set up. It connects to Ocoin and cgminer connects to it and finds blocks but they aren't propagated or recorded by the network, plus the payout is wrong. I'll do more hacking when I get time.

[r3wt]

overtime, the value, steady production, and features will make this coin a winner. ask bcx he threw 3 th/s at it and couldn't even budge the block targets. like bitcoin, the stringent difficulty rules can sometimes lead to longer block times and a stranding effect, but in an electronic environment, OpenSourcecoin is proof that fast block times don't always mean less security, and give Sunny King credit for his thoughtfulness in designing Peercoin, which OSC is ultimately derived from.

Yeah, I noticed how the difficulty shifts with network hash rate rather than being stuck high when the power drops off. I've had transactions with some coins get stuck for hours or days when this happens. For applications where getting that first confirmation quickly is important it's a good feature.

BTW, I tried to get a p2pool set up. It connects to Ocoin and cgminer connects to it and finds blocks but they aren't propagated or recorded by the network, plus the payout is wrong. I'll do more hacking when I get time.

there are several pools already, such as osc.dsync.net which was the first functional pool, and is arguably the best. i think most people mine at coinex, but the dsync pools are known for finding more blocks per gh/s than any other. that could be just seen as my opinion, but coinex has had 150 ghs, but we'd be hitting a block every 5 minutes with less than 10

[PhatJ]

OSC online wallet now live @ http://coinbit.pw

first 10 to post their account name and address get 100 osc apiece.

PhatJ - t2ZdUKDs3DEteMZSti1244i9SCwk6j2jz

[waveydave]

there are several pools already, such as osc.dsync.net which was the first functional pool, and is arguably the best. i think most people mine at coinex, but the dsync pools are known for finding more blocks per gh/s than any other. that could be just seen as my opinion, but coinex has had 150 ghs, but we'd be hitting a block every 5 minutes with less than 10

Thanks, I'll look into that. I had an error on the dsync pool, although the account appears to be created OK: "Unable to create account: Unable to request email confirmation: Unable to send mail."

[boooney]

boooney//w7pez4d36ywvPai67fxNkAbyW2yw81P5p

Everything looks good

[unravelled]

The price and diff just keep going up! Loving this coin right now for sure. Reminds me of when I was mining PPC back in March 

[aeddan1]

OSC online wallet now live @ http://coinbit.pw

first 10 to post their account name and address get 100 osc apiece.

Thank you!

sgGhxUsukaq8dira9988hiKwJrEHMSBfJ

[r3wt]

all sent, giveaway complete!

[xisi]

all sent, giveaway complete!

Thanks!

I've been making some fun OSC tools I'll be willing to share soon.

[xisi]

I've put most of the resources for OSC I've found together onto oscoin.org with network info and basic charts. I'll be adding more features soon, for now it's fairly simple.

If you find any problems with it or have a feature request, let me know.