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

[awais3344]

Is BlakeCoin traded on any exchange? Where can one buy/sell BlakeCoin? What is the current market price?

Blakecoin is currently not traded anywhere. 25coins per block. they're rare. block target is 3 minute.

Not even a spreadsheet + escrow?
Should I start one, would anyone be interested?

Well, you can post it to main forum.
I am right now focusing on getting people to take interest in this coin.
You can start the spreadsheet and escrow, and see how it goes.

[luffy]

the pool is down. we need more pools for backup at least

[minerva]

Total of 7 Billion coins

How is this possible if the block reward does not halve?

[kramble]

one question, is it possible to send some amount of blc to multiple addresses at once?

I don't know about blakecoin-qt, but there is an API which can be called from eg python. BlueDragon is probably the best to answer this.

Myself, I'd just use the blakecoind command line, eg from linux you'd do this (its what I used to send you some coin)

./blakecoind sendtoaddress Bk97ofCvKtRauVoreHLR5BxqmRUkgCvKkH 50.0

Wrap it in a shell script to automate it (or just manually edit a batch file if you're not up to scripting).

[awais3344]

one question, is it possible to send some amount of blc to multiple addresses at once?

I don't know about blakecoin-qt, but there is as API which can be called from eg python. BlueDragon is probably the best to answer this.

Myself, I'd just use the blakecoind command line, eg from linux you'd do this (its what I used to send you some coin)

./blakecoind sendtoaddress Bk97ofCvKtRauVoreHLR5BxqmRUkgCvKkH 50.0

Wrap it in a shell script to automate it (or just manually edit a batch file if you're not up to scripting).

I'm on windows. 

[awais3344]

This block is taking too long. One more block for difficulty to retarget.

[kramble]

I'm on windows. 

Should still work, just omit the leading "./", create a .BAT file with the commands and run it in %APPDATA%/blakecoin. Best to open a DOS prompt first (shift-right-click on the folder) so you can see the result. Be sure to test it with small amounts (and your own addresses) before going live with it.

[kramble]

This block is taking too long. One more block for difficulty to retarget.

Yep it "feels" like there must be a connectivity issue even though I've got 14 peers ...

pi@tvpi ~/blakemine/cgminer-ztex-lancelot $ b getinfo
{
    "version" : 80900,
    "protocolversion" : 70001,
    "walletversion" : 60000,
    "balance" : 0.06385436,
    "blocks" : 46159,
    "timeoffset" : 0,
    "connections" : 14,
    "proxy" : "",
    "difficulty" : 4633.99929221,
    "testnet" : false,
    "keypoololdest" : 1386504023,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "errors" : ""
}

PS I found a new block solo, so it's yours for the giveaway if it doesn't orphan.

pi@tvpi ~/blakemine/cgminer-ztex-lancelot $ b getbalance ""
25.06629441

[awais3344]

I'm on windows. 

Should still work, just omit the leading "./", create a .BAT file with the commands and run it in %APPDATA%/blakecoin. Best to open a DOS prompt first (shift-right-click on the folder) so you can see the result. Be sure to test it with small amounts (and your own addresses) before going live with it.

Okay, should I let my 2.5g/s keep mining solo? I think we have too low mining speed to solve this block. I can leave it though. I just wanted to see the next difficulty retarget before I got to sleep, its 3AM here. lol

[awais3344]

This block is taking too long. One more block for difficulty to retarget.

Yep it "feels" like there must be a connectivity issue even though I've got 14 peers ...

pi@tvpi ~/blakemine/cgminer-ztex-lancelot $ b getinfo
{
    "version" : 80900,
    "protocolversion" : 70001,
    "walletversion" : 60000,
    "balance" : 0.06385436,
    "blocks" : 46159,
    "timeoffset" : 0,
    "connections" : 14,
    "proxy" : "",
    "difficulty" : 4633.99929221,
    "testnet" : false,
    "keypoololdest" : 1386504023,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "errors" : ""
}

PS I found a new block solo, so it's yours for the giveaway if it doesn't orphan.

pi@tvpi ~/blakemine/cgminer-ztex-lancelot $ b getbalance ""
25.06629441

Blakecoin never orphans

[BlueDragon747]

just been setting my rigs for solo 

useful ref:
https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_calls_list
https://en.bitcoin.it/wiki/API_reference_(JSON-RPC)

[kramble]

Okay, should I let my 2.5g/s keep mining solo? I think we have too low mining speed to solve this block. I can leave it though. I just wanted to see the next difficulty retarget before I got to sleep, its 3AM here. lol

Same speed as me (1 x ztex + 1 x lancelot), it should be finding around a dozen blocks a day at the current diff. They will likely orphan though if we do have a fork, but that's just the luck of the game (and why pool mining is better, at least while its working). Best go to bed and check it in the morning, not worth losing sleep over.

[awais3344]

Okay, should I let my 2.5g/s keep mining solo? I think we have too low mining speed to solve this block. I can leave it though. I just wanted to see the next difficulty retarget before I got to sleep, its 3AM here. lol

Same speed as me (1 x ztex + 1 x lancelot), it should be finding around a dozen blocks a day at the current diff. They will likely orphan though if we do have a fork, but that's just the luck of the game (and why pool mining is better, at least while its working). Best go to bed and check it in the morning, not worth losing sleep over.

alright

I have a r9 280x currently solo mining blakecoin. The other gpu (asus 7950) is currently far from me. I will get it after 2 days But that asus 7950 was never able to solo mine any coin. I cant figure out why. even though I am really good at it. it never connects to my 127.0.0.1:port. 

I will maybe take you guys help on it as well It has windows 7 and just normal settings windows installed. Still wont work. No matter which coin, which version of cgminer. Never connects to localhost. Works fine in pool mining.

[BlueDragon747]

Okay, should I let my 2.5g/s keep mining solo? I think we have too low mining speed to solve this block. I can leave it though. I just wanted to see the next difficulty retarget before I got to sleep, its 3AM here. lol

Same speed as me (1 x ztex + 1 x lancelot), it should be finding around a dozen blocks a day at the current diff. They will likely orphan though if we do have a fork, but that's just the luck of the game (and why pool mining is better, at least while its working). Best go to bed and check it in the morning, not worth losing sleep over.

alright

I have a r9 280x currently solo mining blakecoin. The other gpu (asus 7950) is currently far from me. I will get it after 2 days But that asus 7950 was never able to solo mine any coin. I cant figure out why. even though I am really good at it. it never connects to my 127.0.0.1:port. 

I will maybe take you guys help on it as well It has windows 7 and just normal settings windows installed. Still wont work. No matter which coin, which version of cgminer. Never connects to localhost. Works fine in pool mining.

have you tried its lan ip address and changing the port as long as the wallet conf and miner conf match it should work else check your firewall/anti virus

[dr blowfin]

Hey, if any of you big holders of BLC feel like selling a couple of thousand then please PM me with your price.

[luffy]

yo bluedragon, do you think you can implement a new feature to the new wallet revision?
just to be able to automatically restart itself after a configurable amount of time

another question:
what hw do i need to setup a blc pool and how much bandwidth for 100 or 1000 users?

[bzyzny]

What do you guys think what this coin should be worth? I have been supporting the network with my hasing power. I am small guy just 2.3ghash/s. But now I am losing faith  

It's hard to estimate what it will be worth, but don't loose faith yet! Like bluedragon said, blakecoin is meant to be more stable and long term than other crypto coins. The only advantage early miners have is lower difficulty and more time to mine. some of those other coins mine 10x per block in the early weeks than a few months later, which is obviously only benefiting a few people. but if you want my speculation, i'd say blakecoins will likely will be at least 10 cents a piece initially. of course its pure speculation until it gets on an exchange.

[bzyzny]

Total of 7 Billion coins

How is this possible if the block reward does not halve?

It will generate at least 4 million BLC per year, and that amount will gradually increase due to the inflation (which is based on difficulty and block height). Not sure what that inflation will look like in a few years, but it should still be pretty negligible. But at 4 million per year (not counting inflation) it would take about 1500 years to generate all 7 billion BLC. With inflation its probably more like 500-1000 years. Please, if someone has done the math or has a graph for the inflation, I'd be curious to know what the projections are for that.

[BlueDragon747]

Total of 7 Billion coins

How is this possible if the block reward does not halve?

if the block reward halve's you would never get more  

Blakecoin is a inflation based coin and should be good for about 1500 years if we continue with bruteforce mining

the inflation curve should be something like this:



X Axis = this would be block height
Y Axis = this would be difficulty

the idea is that the steepness of the curve is dictated by the difficulty of the network thus higher difficult blocks are worth more at a given block hieght but block height always increases block reward so that's how the inflation works in Blakecoin make sense?
 

[bzyzny]

do you have any numbers for x/y? years/blc perhaps. i guess its impossible to know what difficulty will be at a given block in the future, but any estimates? im curious for example, when might inflation + block reward = 50?