[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico

[noise23]

Where can I find the TEK.conf file?

Thx

Correct file name is tekcoin.conf , you have to create it in the data directory (where wallet.dat is) only if you need to add some parameters, nodes, etc.

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[ClioRS]

Where can I find the TEK.conf file?

Thx

Correct file name is tekcoin.conf , you have to create it in the data directory (where wallet.dat is) only if you need to add some parameters, nodes, etc.
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Thx Noise

[dickwhite]

Things are coming along nicely with Tekcoin and developments, upgrades, repairs, and some new things on the way for Tek. As all the odds and ends are fixed up and improved, promotion should become easier.

Tekcoin will survive long term. A strong foundation will allow Tekcoin the chance to grow, and keep improving. Growth is a key. Growth means spreading the coins around, information, and sharing the excitement with others. Tekcoin can reward a community that takes an active part in its growth, it is up to us. Tekcoin is in its beginning stages right now, as it gathers community and steam, it can exponentially take off in growth faster than the mintage increases. Work for Tek, and Tek will work for you.

Hi! Thundertoe! It was long ago when I wanted to sum up the fundamentals about Tekcoin and what is driving the "demand"? here is what I think..
It is always easy to promote Tekcoin among people who have some mining experience.. I look at Tekcoin as "virtual miner" and you can have the entire mining-farm running at just your old laptop. When we put it the way that when you buy Tekcoin - you buy hashpower! So the demand is based on the fact that people more likely BUY Tekcoin instead of hardware miner, because of many resons - no need for datacenter for your hardware needed (electricity and space with 24\7 internet), no waiting time for hardware delivery and that you can buy as little as 0.1c $ of hashpower and do not have to invest 10000$ at once)
As we all know that when you mine with hardware - you get less and less coins when difficulty rise and everybody is OK with that, but in POS "virtual mining" we have price decline in this "formula" as we have more coins for sale at the market.. but what we also know that difficulty is always go UP and you get less coins from mining, but when the price goes UP (that happens at the market ) - you get more PROFIT

So by the time when miners switch off their hardware all around the world, because electric bills are higher then what they mine// some smart people go and BUY Tekcoin (my favorite from all high POS coins)... but don't keep all eggs at the same busket

peace people..

Man, this can't be emphasized enough. Lets run some numbers:

Mining: Today, you can buy a 453GH/s Antminer S3 for 0.592 BTC (211.50 USD). According to Coinwars, that will net you roughly 1565 TEKcoins in 30 days with an additional cost of $28.80 in power @ .10$/kWh. Total: $240.30 for 1565. Your coins largely won't stake until next month.

Minting: For that same $240.30 today, you could have bought 10447 TEKcoins, and after 30 days you would be holding 13059 (conservative 25% stake).

Mining: The next month, your miner will generate another 1565 coins plus 391 stake for a total of 3521. However, this would have cost you another $28.80 in power.

Minting: If you bought another $28.80 worth (1252) and let the rest stake, at the end of the second month you would have 17575.

Mining: After the third month, and assuming all else is equal, you'd have roughly 5966 TEKcoins.

Minting: After the same time period, you'd have 23533.

As you can see, the compounding stake kicks mining's ass. It's a lot easier to manage and you can stake multiple coins on one machine. Of course there many variables I've glossed over, but you get the drift. Staking TEK rocks!

[bney]

Im both mining, buying and staking.
Assuming that the value of tekcoin doesnt go down to single digits,
the numbers get real interesting in a year

[m33]

Can we get back the get diff info on the main panel , instead of going into debug to get it ?

[gribgo]

Can we get back the get diff info on the main panel , instead of going into debug to get it ?

Yes that would be great and Lock Wallet option must be restored

[vegasguy]

Guys things are coming together for tek. I just got an antminer S4 and want to start mining again. What pool has the most hash right now?

Vegas

[leptar]

nice, thanks.. any plans for future wallet will tell you it's time to update or do we still need to check threads weekly or so?

[gribgo]

Guys things are coming together for tek. I just got an antminer S4 and want to start mining again. What pool has the most hash right now?

Vegas

at the page 1 here https://bitcointalk.org/index.php?topic=320404.0
there are pools down there

[Biomech]

Guys things are coming together for tek. I just got an antminer S4 and want to start mining again. What pool has the most hash right now?

Vegas

at the page 1 here https://bitcointalk.org/index.php?topic=320404.0
there are pools down there

I'm also fairly certain that Thundertoe updated the website with the most recent pool list.

[bney]

Personally, I would go to the pool with the least hashing, that way you get the bigger percentage of the blocks that come out.
But the Tek web site has the pools at http://tekcoin.org/?page_id=42

[bney]

The amount of orphans are really starting to get annoying again.
24 out of the last 60 on altcoinpool.us
3 out of 12 on http://ppl.port-x.de/

roughly a third.
Time to get that checkpoint going

[sigwo]

Orphans 100% on my pool....dropping support.

[vegasguy]

I dont know why I keep trying to mine this coin I need my head checked!  And everyone wonders why the price is plunging.

[thundertoe]

I dont know why I keep trying to mine this coin I need my head checked!  And everyone wonders why the price is plunging.

You are joking kidding right...  Mining is hard, lots of orphans etc means less coins getting out,  this is dropping price how? PoW miners never help a coins price, almost all PoW miners are trying to make profits on mining gears and will mine insta/dump. I disagree that pow mining issues are bringing price down, in fact i think the tougher pow is, and having less coins made that way is better for the price.

I have said it time and time again.. do not try and mine Tek if you want the best profits, or the most Tek. Even if Tek has zero orphans you will average under bitcoins profitiblitly. You want btc mine it.. you want alot of tek mine btc buy Tek, dont care about what your mining like me and just use your asic for a heater.. mine Tek.

I wish there weren't any orphans, and likely they will go away eventually with checkpoints, however Pow mining and Tek are just not designed to be more profitable than mining bitcoin.

[sigwo]

I dont know why I keep trying to mine this coin I need my head checked!  And everyone wonders why the price is plunging.

You are joking kidding right...  Mining is hard, lots of orphans etc means less coins getting out,  this is dropping price how? PoW miners never help a coins price, almost all PoW miners are trying to make profits on mining gears and will mine insta/dump. I disagree that pow mining issues are bringing price down, in fact i think the tougher pow is, and having less coins made that way is better for the price.

I have said it time and time again.. do not try and mine Tek if you want the best profits, or the most Tek. Even if Tek has zero orphans you will average under bitcoins profitiblitly. You want btc mine it.. you want alot of tek mine btc buy Tek, dont care about what your mining like me and just use your asic for a heater.. mine Tek.

I wish there weren't any orphans, and likely they will go away eventually with checkpoints, however Pow mining and Tek are just not designed to be more profitable than mining bitcoin.

Even fastcoin (notorious orphan rate) does better than TEK. Do the PoS blocks trump PoW blocks?

[thundertoe]

Hmm that being said, the orphans issue is crap i agree. It hopefully stops being an issue soon. I also dont like to see anyone "wasting" time mining orphans... it sucks, i am sorry.. maybe i can start a save the orphan stake donation fund or something.

I do want Tek to have Pow miners, though i don't know how much economic sense it makes to be a "tekcoin" miner right now or after orphans are gone. Tekcoins fast PoW diff adj encourages Eco-Minting with SuperStake keeping Tekcoin "greener" than bitcoin.  Tekcoin may have spurts of high profitability for pow mining but its very tough to capitalize on them with multipools and auto switching miners etc.

[bney]

At this point, perhaps it makes sense to enable the checkpointing and let those who have not upgraded to the latest version suffer the consequences.
If they were paying attention at all they would have updated. I even went so far with my blockchain as to reject any connections earlier than the current 60008 version.
As long as the pools and the exchanges have all updated, then go for it.

[kiklo]

Just an idea.
You could just drop the POW from Tekcoin itself and be POS only, and replace it with a multipool that only mines the most profitable POW only coins, and then use the proceeds to buy Tekcoin directly from the exchange. That way the POW miners can get more for their mining operations and it will directly increase the value of tekcoins on the exchanges by having a steady daily demand. And since POW & POS will not be competing directly with each other, their should be less orphans.

 

Edit:
If Tekcoin does not need the POW side to be running , the miners could just switch to mining a POW only coin and buy Tekcoins with the proceeds themselves. And then use the TekWallet's POS to generate more.

[bney]

I like that idea. Im working on writing a multipool switcher for altcoinpool.us. That would be an interesting unique angle