[ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)

[Texacha]

Aismen, mate... that's bot. 

[1713493051]

1713493051

[RivAngE]

what is the distribution method for this token?

mining or buying

And if you're new here @Aismen, let me inform you that there wasn't an ICO nor any kind of premine for RVN!
That's very important since there was no dump of premined coins from the devs. They just started mining early and since it took people time to get wind of RVN, they made a good profit. For that alone I'm supporting RVN as much as I can.

[kaigeta]

as somebody that has mined this coin from the cpu days, i have to say the future is bleak for this coin. it hurts to say that, because bruce fenton gave everybody such high hopes for this project. YES patrick byrne mined this coin (if you think he doesnt have a 1000gpu farm, youre confused) that doesnt inherently mean he invested any fiat. with a daily inflation of about 7 million coins, his inital mine of 60 million really isnt much. also, the chain is supposed to secure assets. bruce claimed securities will be transfared on this chain, and that people will be able to use the platform to create them. WAVES has its mainnet up, POLY has a working product, there are some other projects out there as well. the reason i bring up polymath is PATRICK BYRNE, OSTOCK, AND BRUCE FENTON ARE ADVISORS FOR POLYMATH. polymath is also secured by the ethereum network with is magnitudes stronger than rvn. if you think the development of the coin has the miners in mind, again, youre confused. these big money dudes are investing in all projects (bruce fenton campaigned to be an EOS block producer - YES that shitcoin) THESE PEOPLE JUST WANT MONEY, THEY ARE GOING TO LEAVE YOU WITH BAGS. i sold out reasonably well, i just dont want others to jump into a coin with no future. no future? yes, because no major company will secure their assets on a chain worth less than their company. on the other side of the tracks, if you have many small businesses that are tokenized on the chain, but the chain is worth less than the valuation of the companies. you have a  problem. anybody can goto nicehash(when they get more hash) and 51% a weak chain like rvn if there is an incentive. i just told you why they would be incentivized.

Are you that hater dude that when crazy on the first board?  You sound like it.

I think you're talking about Kai. Haven't heard abbout that guy since the discords split. Enjoy your bags. Ur holding the next hush.

Hey gurl hey.

[Chatturga]

If anyone is interested in a more detailed synopsis of testnet/mainnet activation, you can check out a google doc written by Tron here:

https://docs.google.com/document/d/1RxRokp_P9Iu7eqKdfR7wj2D7bqMwqnd_l3R1yjq633k/edit

He is also going to put it in the github for future reference.

[algopro]

Does someone have a easy to understand guide on how the asset layer will work? Tried to search online but couldn't find anything.

Thanks

[Oneironaut73]

Ravencoin Trailer! 

https://youtu.be/fbfUvkZaw2w

[dishku]

The biggest part of the project would definetly be the community. Let's hold and go to the moon!

Agreed with you community is the real power of any project. Big and strong community would push this towards mainstream people and we will see on the top of the market where it deserve to be. I hope one day this will happen.

[JaekRock]

Looking forward to seeing how the testnet and token creation process goes.  It'll be interesting to see how mainnet ties in with T0 and other token platform launches.  I'm committed to holding for a while, but I'm sure there will people burning through portions of their bag to sit on token names like people were doing with domain names back in the dot com boom.  Should be fun to watch this whole thing unfold.

Hopefully they can avoid any forks after the mainnet goes live.  Will the testnet stay live after mainnet launch for developing the Phase 3-5 functions of the coin?  Timing early 2019 for some of that stuff?

[Pt411]

-a x16r -o stratum+tcp://mine.subscriberpool.com:3636 -u <WALLET ADDRESS> -p c=RVN,d=32

Low fee 0.5%. Payouts are made automatically every 2 hours for all balances above 0.5, or 0.05 on Sunday

GOOD LUCK!!!!

DISCORD

[vanthoi]

Hello. Raven Coin was added to my pool.
Charge is now zero. Every body, let's join.
Pool address: https://rvn.mine-vn.com/

[Ermejo]

There is something that i don't get about RVN
We are going to burn coins to create assets, 500 if i remember well and with today's price it would be around 7,25$
What if RVN gets to 1$ per coin, i don't think that many people are going to pay 500$ to do the same thing

So i think 2 things will probably happen
1) the price will never go up too much
or
2) it will go up too much and people will stop using it

Am i wrong?

I would love more info

[Chatturga]

There was a discussion on ravencointalk.org a couple months back about the cost of burning RVN for assets.  Different ideas were pitched, but all of them had flaws that eventually came back to 500 RVN being the best option.  The cost to create assets should not be minimal as it directly affects the token economics of the coin.  If (when?) raven becomes widely successful, and the value of the coin makes a 500 RVN burn amount cost prohibitive, the burn price can then be reevaluated and adjusted accordingly. The $1 price point has been discussed internally quite a bit, and $500 to create an asset is very reasonable considering who will be creating assets at that point, and what they will be used for.

You can read more on this discussion at https://www.ravencointalk.org/post/discussion-on-the-rvn-cost-to-create-assets-9735335?&trail=10.
Page 4 is where Tron addresses many of the comments and the reasoning behind the current burn amount.

[HaberHash]

There was a discussion on ravencointalk.org a couple months back about the cost of burning RVN for assets.  Different ideas were pitched, but all of them had flaws that eventually came back to 500 RVN being the best option.  The cost to create assets should not be minimal as it directly affects the token economics of the coin.  If (when?) raven becomes widely successful, and the value of the coin makes a 500 RVN burn amount cost prohibitive, the burn price can then be reevaluated and adjusted accordingly. The $1 price point has been discussed internally quite a bit, and $500 to create an asset is very reasonable considering who will be creating assets at that point, and what they will be used for.

You can read more on this discussion at https://www.ravencointalk.org/post/discussion-on-the-rvn-cost-to-create-assets-9735335?&trail=10.
Page 4 is where Tron addresses many of the comments and the reasoning behind the current burn amount.

Max supply (21,000,000,000) / 500 per asset = 42,000,000 possible assets.  If you burn all those there wouldn't be any Raven left.  They need a much deeper drive into burning Raven and the value when there few or potentially no Raven coins left.

[Chatturga]

For those who may not be aware, we now have a declaration memo that was written by a couple of lawyers in the community, which can be supplied to exchanges that request such a document.  There is a wiki page with a link to the doc, which you can find here: https://raven.wiki/wiki/Legal_discussion

[Under_RVN]

Hey @everyone

In preparation for the testnet launch of the Asset layer on July 30th,

A TestNet Faucet is now available at
https://testnet.ravencoin.network

This is to facilitate easy experimentation with the asset functionality of Ravencoin

Enter you TestNet Wallet address and click submit to recieve 550 testnet RVN!
You can withdraw up to 5500 testnet RVN per address, and consider sending back
any testnet RVN you don't need to the faucet wallet at mgYNdKcdkC5JqDsWxxrcjCGzTTkr6X3isN
so that as many people as possible can test out asset creation and transference.

To run your current wallet in testnet mode:
Create a shortcut to your raven-qt.exe with this in the target field:

Code:

"C:\Users\<username>\Path\to\executable\raven-qt.exe" -testnet

Don't worry, this wont mess with your regular raven wallet, just make sure they aren't both running at the same time.
If you are overly cautious consider running your testnet wallet on a different computer.

Again if you appreciate the work that I do, donations in real raven are always appreciated: RD7yadeCvSDs4fCbEPuHstU3GHbiS7ao9q

[stormia]

as somebody that has mined this coin from the cpu days, i have to say the future is bleak for this coin. it hurts to say that, because bruce fenton gave everybody such high hopes for this project. YES patrick byrne mined this coin (if you think he doesnt have a 1000gpu farm, youre confused) that doesnt inherently mean he invested any fiat. with a daily inflation of about 7 million coins, his inital mine of 60 million really isnt much. also, the chain is supposed to secure assets. bruce claimed securities will be transfared on this chain, and that people will be able to use the platform to create them. WAVES has its mainnet up, POLY has a working product, there are some other projects out there as well. the reason i bring up polymath is PATRICK BYRNE, OSTOCK, AND BRUCE FENTON ARE ADVISORS FOR POLYMATH. polymath is also secured by the ethereum network with is magnitudes stronger than rvn. if you think the development of the coin has the miners in mind, again, youre confused. these big money dudes are investing in all projects (bruce fenton campaigned to be an EOS block producer - YES that shitcoin) THESE PEOPLE JUST WANT MONEY, THEY ARE GOING TO LEAVE YOU WITH BAGS. i sold out reasonably well, i just dont want others to jump into a coin with no future. no future? yes, because no major company will secure their assets on a chain worth less than their company. on the other side of the tracks, if you have many small businesses that are tokenized on the chain, but the chain is worth less than the valuation of the companies. you have a  problem. anybody can goto nicehash(when they get more hash) and 51% a weak chain like rvn if there is an incentive. i just told you why they would be incentivized.

Lol you aren't the brightest are ya? Your argument basically amounts to: Ravencoin will have to drastically increase in value for it to be useful for its intended purpose. Gee, what a truly awful prospect that is as an investor

Also the fact that you appear to think a project being built on and dependent on the increasingly bloated and congested Ethereum blockchain is strictly a positive thing is somewhat telling.

But your statements about people just wanting to make money are probably true- because that is probably true for 99%+ of people in this space.

[shenery]

Patrick Byrne talking about rvn again!

https://youtu.be/xgBWTSP7ixk

[altgangster]

when cryptopia.co.nz/ 

[RivAngE]

when cryptopia.co.nz/ 

If these guys still have the same policy of paying them a fortune in order to list a coin, then probably never.
Raven didn't have a premine or an ICO, so the devs don't have a bunch of money to give for exchange listing.
Maybe if they've changed their policy into a less greedy one and review decentralized coins without premine/ICO and lists them for free, then we can hope to see Raven there. It has some good trading volume in crypto-bridge so it should look attractive to exchanges, since they get fees for every trade.

[Dradden]

Question regarding Virtopia, I've been mining there with a 6 x 1060 rig, getting an average of 80 raven p/day with hash rates on the site on average 20 Mhps.

Has anyone got stats then can enlighten me with, or is Virtopia not paying correctly? Superminer is outputting on average 40 Mhps.

Its to low..  i think 150-180 with 6x1060.
So you are earning 1 $ a day with 6 gpu.. lol thats crazy. Electricity is more than 1$ a day ,so you are losing money every day?

It is normal for virtopia and other small pools. One day you hit 80 ravens the other day 200. This is a problem of smaller pools. When they don't hit a block, you'll not get paid. When a block is hit, you get paid after a block confirmation. When virtopia hits a difficult block, there is a longer period until you get paid, when it hits less difficult block, payments are more often.

I will try to calculate it for you, but those numbers are only rough estimates. Let's say the actual total hashrate on network is 1,200Th/s. Difficulty is adjusted so, that a block should be hit every minute. Meaning that all the pools get their share of blocks from the network according to their hashpower.  Let's say virtopia has hashrate 6.5 GH/s (last time i checked yesterday). 1200 / 6.5 ~ 185 So a block should be hit every 185 minutes on virtopia. When you get a block with difficulty 200% you have to multiply this number by 2 * 185 = 370 minutes and so on. If you hit a block with difficulty of 500% you won't get paid for almost 16 hours. However if you hit easy blocks with difficulty less then 100% you will get paid more then what you should be paid on average. Your hashrate is 20 MH/s, from the pools hashrate 6.5MH/s it is 1/325.  Virtopias pool fee is 1% So when a block is hit, 4950 ravens are distributed to the miners. With your hashrate of 20MH/s you should get 4950/325 = 15.23 Ravens per block, so only about 5 blocks have been hit during the last 24 hours that takes it to the 80 mentioned ravens per day. Those calculations might be a bit off, but you should be able to calculate the average from actual hashrate on network, pool and your rig.

Thanks for the in depth reply mate, yeah this is why I let it run for a few weeks. They have the loyalty reward system, which I was allowing to kick in also. But this seems to be ridiculous never was the pool paying out more then 100 raven a day, I've now switched to Minepool to give them a run and already they are paying out 200 raven a day, nothing changed except the pool.

Minepools average hash rate is matching my miners hash rate and my miner has consistent shares with only .05% rejected. It would seem to me that Virtopia either is being dodgy or the miner and Virtopia are not communicating correctly.

Virtopia stats reporting is a bit different, for most it works out well but for w/e reason a few people see consistently low reported hash. Keep that in mind that is graphical and if in doubt take the miners reported hashrate.

The pool has went from 4GH up to 30GH recently so it is more stable on blocks and paying out very well. it is also now a top 10 pool

https://exp.virtopia.ca/pools