[ANN][BLC] Blakecoin Blake-256 for GPU/FPGA With Merged Mined Pools Stable Net

[rupy]

Ok, that's really wierd, so you have inflation sqrt thingy, until one day at 7 billion zero, zip, nada?

When is this cliff calculated to occur?

think we will see hand held quantum computers and personal space craft before then

So you are part of the infinite growth crowd?

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[BlueDragon747]

Ok, that's really wierd, so you have inflation sqrt thingy, until one day at 7 billion zero, zip, nada?

When is this cliff calculated to occur?

think we will see hand held quantum computers and personal space craft before then

So you are part of the infinite growth crowd?

7 Billion is finite

Why limit a coin to 6 months or a couple of years I wanted something that would last longer that's all  

I am not part of any crowd that's why I used Blake-256 and did not follow others like a sheep, I believe that I have created a more sustainable reward compared with some of the other "Bubble" coins that have been released, slow growth over the years is a normal economic method!

its Bitcoin that promoted the "Hyperdeflation" system and the problem with this is once the price stabilizes and difficulty keeps climbing the reward for mining must eventually reach a point of power used to mine is greater than profit from mining unless you are running the latest device and then its going to be a ROI problem

That is why Blakecoin links age of chain and difficulty at that age to reward     

[rupy]

I was refering to the personal spacecraft; that will never happen IMO.

[BlueDragon747]

I was refering to the personal spacecraft; that will never happen IMO.

why 400 years is enough time?

off world is one of the only places to go once we finish polluting the earth? or just need more room for population growth  

unless you think people will start living more green which is just as unlikely  

we can already see commercial space travel(very expensive) but it is here if you got enough Bitcoin/Dollar/Pound/Euro etc..

anything is possible no one knows the future  

[kramble]

off world is one of the only places to go once we finish polluting the earth? or just need more room for population growth  

As a counter to this argument, I suggest you take a look a some of Tom Murphy's articles, starting with why not space.

I was something of a Space Cadet in my youth, but I've become rather more cynical in my dotage. I don't think the shiny Futurama lies in our destiny, nor a green eco-utopia either. With a bit of luck we won't be going back to the stone age, but there are significant problems maintaining a first-world lifestyle for more than a tiny fraction of the planet's population in the medium to far-off future.

[BlueDragon747]

I will stick with my optimism for now  

makes me feel happy at least and I am a keen amateur astronomer(when we get clear skies) so love to dream about the stars  

besides a personal space craft could just be some super rich person who has there own private craft/vehicle paid by personal investment for their own use only e.g Richard Branson or any of the super rich that own private jets etc. 

[kramble]

I will stick with my optimism for now  

makes me feel happy at least and I am a keen amateur astronomer(when we get clear skies) so love to dream about the stars 

Cool, I don't want to rain on your parade, just thought it would be food for thought.

Charlie Stross has another (rather similar) take on this at the-high-frontier-redux (I remember reading Gerard K O'Neill's High Frontier back in the 1970's when I was still at school, oh those heady days of optimism, sigh).

Anyway its rather OT so I'll shut up now.

[BlueDragon747]

I will stick with my optimism for now  

makes me feel happy at least and I am a keen amateur astronomer(when we get clear skies) so love to dream about the stars  

Cool, I don't want to rain on your parade, just thought it would be food for thought.

Charlie Stross has another (rather similar) take on this at the-high-frontier-redux (I remember reading Gerard K O'Neill's High Frontier back in the 1970's when I was still at school, oh those heady days of optimism, sigh).

Anyway its rather OT so I'll shut up now.

I have read quite a lot Fantasy/Science Fiction due not liking TV or Football my influences: Arthur C. Clarke, Isaac Asimov, Philip K. Dick, H. G. Wells, J. R. R. Tolkien, Steve Jackson, Ian Livingstone, Douglas Adams to name a few

this is also reflected in my games for me its a way to create those worlds I dream of  

Both good points like Utopian and bad points like Apocalyptic are used as they could be just as likely and make for good stories and game play      

[rupy]

Sorry for sparking off topic debate, but I don't think we have enough energy to go into space now that we wasted most of our high quality hydrocarbons.

I think people will be forced to live simpler lives pretty soon, even though I hope we can sustain the internet with low energy tech.

Cryptocurrencies (even though they need to use FPGA or ASIC; litecoin is energy madness = poor performance and high energy consumption) and virtual reality (Oculus Rift) are big hopes for me.

[kramble]

I have read quite a lot Fantasy/Science Fiction due not liking TV or Football my influences: Arthur C. Clarke, Isaac Asimov, Philip K. Dick, H. G. Wells, J. R. R. Tolkien, Steve Jackson, Ian Livingstone, Douglas Adams to name a few

I'd add Iain M Banks and Vernor Vinge to that list, though I don't buy the Singulatarian argument myself. It looks like Moore's Law is pretty much on its last legs (just look at the slowdown in the rate of improvement in CPU performance over the last decade), so unless "Positronic" technology (applied phlebotinum) comes to the rescue, its getting mighty crowded at the bottom.

[BlueDragon747]

I have read quite a lot Fantasy/Science Fiction due not liking TV or Football my influences: Arthur C. Clarke, Isaac Asimov, Philip K. Dick, H. G. Wells, J. R. R. Tolkien, Steve Jackson, Ian Livingstone, Douglas Adams to name a few

I'd add Iain M Banks and Vernor Vinge to that list, though I don't buy the Singulatarian argument myself. It looks like Moore's Law is pretty much on its last legs (just look at the slowdown in the rate of improvement in CPU performance over the last decade), so unless "Positronic" technology (applied phlebotinum) comes to the rescue, its getting mighty crowded at the bottom.

It works well in Books and Games though

technology has hit a wall in the manufacturing process currently used and new methods do look many years off that is why we are seeing the core count go up and more parallel computing going on its the only way to scale atm  

[bzyzny]

one more thought about the sudden end to the block reward at 7 billion blc, due to the time scale of hundreds of years, im sure the community would be able to continue the steady flow of blc minted or alter the generation rate, by either pushing an update, or relaunching a new coin that is backwards compatible with the wallet & transfers ownership into the new system. blakecoins long term mining reward strategy makes it feel like it exists eternally while still preventing hyperinflation. the overall percentage increase of blc would continue to decrease compared to the total available supply of blc. eventually the increase in supply would be so gradual that it may not be perceivable during the timespan of a persons life. slow and steady wins the race :-D

[asdlolciterquit]

How many blakecoin i get in one day with an AMD ATI Radeon 7970? (2.2GH/s - 2.8GH/s)

Thx!

[bzyzny]

How many blakecoin i get in one day with an AMD ATI Radeon 7970? (2.2GH/s - 2.8GH/s)

Thx!

currently you can expect to get somewhere around 300-400blc per day from a 7970, but of course this changes with the difficulty.

[BlueDragon747]

the pools had crashed while I was out back up now but was some downtime and I am not sure why both went down at same time 

[bzyzny]

BlueDragon747, thanks for getting the pools back online

I've been meaning to ask you about this peculiarity I noticed. It used to be that when I solo mine, each block I found would have a unique address for the transaction, but lately they all have the same address. The coins are still valid, but I am curious if this is a bug or what happened.

[BlueDragon747]

BlueDragon747, thanks for getting the pools back online

I've been meaning to ask you about this peculiarity I noticed. It used to be that when I solo mine, each block I found would have a unique address for the transaction, but lately they all have the same address. The coins are still valid, but I am curious if this is a bug or what happened.

its to do with the keypool and is normal? but I did notice it awhile ago, on the mining wallet it stopped sending to same address when the wallet was used for sending and key pool was refreshed

[asdlolciterquit]

How many blakecoin i get in one day with an AMD ATI Radeon 7970? (2.2GH/s - 2.8GH/s)

Thx!

currently you can expect to get somewhere around 300-400blc per day from a 7970, but of course this changes with the difficulty.

thx man!

uhm...sadly i see that there are few buy orders on the exchanges...

[BlueDragon747]

How many blakecoin i get in one day with an AMD ATI Radeon 7970? (2.2GH/s - 2.8GH/s)

Thx!

currently you can expect to get somewhere around 300-400blc per day from a 7970, but of course this changes with the difficulty.

thx man!

uhm...sadly i see that there are few buy orders on the exchanges...

all the exchanges are relatively new and don't have a huge user base yet it will get better over time, you could put a request in at your favorite exchange and ask them for Blakecoin to be added 

[bzyzny]

uhm...sadly i see that there are few buy orders on the exchanges...

As BlueDragon said the exchanges are new, but if you look at the trade history you will see that the volume for BLC is actually pretty high, and most of the trades occur from people buying into sell orders, rather than people selling into buy orders but don't worry, I've noticed a steady increase in BLC trades and it will only get better as it's added to more exchanges.