BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement

[FreeTrade]

...and hoping it isnt throwing any steel blocks...

Should be a lot fewer stale/orphan blocks now that the diff has gone up.

[1713902926]

1713902926

[1713902926]

1713902926

[FreeTrade]

My back of the envelope calculations for solo mining on personal hardwarde -

i7 3700 - 100watts
Estimate 8 days to find a block
Electric $2.31
Current value 36coins x $1.92 = $69.12

If I had a room full of i7s, I'd switch them all on. Nice heating effect in the winter too.

Not sure about the economics of cloud or vps mining.

What's the estimate on an i5?
How many colisionspersec do you get?

That estimate is based on 40 collisions per minute. You should expect, on average, a block for every 500,000 collisions - so about 12500 minutes, or 8.68 days. Should cost you about 20.8 Kh/w - at $0.11 = $2.30

And the price of PTS is rising, maybe .0075 BTC right now, and BTC is rising a little too - so a USD value of about $94 per block now.

That's on a stock miner - on the pool miners, I think there are optimizations to be had. If we put a price on collisions -

that's $188/Million
or $0.18/thousand

[markm]

Since all the birthday collision solving algorithms one can find on Wikipedia do without using massive memory, usually just using a couple of pointers they call "hare" and "tortoise", why is it that this momentum thing does supposedly need lots of memory? Do none of those standard efficient solutions found in Wikipedia actually work for some reason?

(For example, the methods for finding the cycle time of cyclic things such as pseudorandom number generators and hashes (hash of a hash etc until it collides thus cycles).)

-MarkM-

[digitalindustry]

Since all the birthday collision solving algorithms one can find on Wikipedia do without using massive memory, usually just using a couple of pointers they call "hare" and "tortoise", why is it that this momentum thing does supposedly need lots of memory? Do none of those standard efficient solutions found in Wikipedia actually work for some reason?

(For example, the methods for finding the cycle time of cyclic things such as pseudorandom number generators and hashes (hash of a hash etc until it collides thus cycles).)

-MarkM-

http://bitsharestalk.org/index.php?topic=22.60

his/her name is gigawatt

he/she used , rainbow tables

it looks like it might be done - , but also hopefully Freetrade will work with these guys and byemaster , as hes expressed interest to do so.

[BitThink]

If GPU mining is 10 times faster than CPU mining, will it be a game changer? It may not affect ProtoShares much, as almost all coins may have been mined at that time, but how about bitshares and momentum algorithm?

[NineLives]

If GPU mining is 10 times faster than CPU mining, will it be a game changer? It may not affect ProtoShares much, as almost all coins may have been mined at that time, but how about bitshares and momentum algorithm?

Its apparently immune to GPU and ASICs and there was a $5000 bounty for someone who managed to do it.

There's a $5000 bounty for anyone who can prove it is vulnerable to GPUs or ASICs.
http://bitsharestalk.org/index.php?topic=22.0

[refer_2_me]

I checked my wallet miner this morning and it had fallen out of sync with the network. I updated to the newest source and recompiled, but now I can't reconnect to the network. The last block that I have is number 12130.

The log file is giving me a lot of connection refused errors, any idea why?

Code:

trying connection 162.243.67.4:3888 lastseen=88.8hrs
connect() failed after select(): Connection refused
trying connection 162.243.67.4:3888 lastseen=88.8hrs
connect() failed after select(): Connection refused
trying connection 37.139.29.236:3888 lastseen=116.2hrs
connection timeout
trying connection 162.243.67.4:3888 lastseen=88.8hrs
connect() failed after select(): Connection refused

[Lauda]

That estimate is based on 40 collisions per minute. You should expect, on average, a block for every 500,000 collisions - so about 12500 minutes, or 8.68 days. Should cost you about 20.8 Kh/w - at $0.11 = $2.30

And the price of PTS is rising, maybe .0075 BTC right now, and BTC is rising a little too - so a USD value of about $94 per block now.

That's on a stock miner - on the pool miners, I think there are optimizations to be had. If we put a price on collisions -

that's $188/Million
or $0.18/thousand

8.6 days to find a block?
Gotta be kidding me.

[digitalindustry]

8.6 days to find a block?
Gotta be kidding me.

its hard out there on the protoshare street ....

maybe someone has put gigawatt's handywork to test ?

[FreeTrade]

its hard out there on the protoshare street ....

Easy street more like! $96 a block. You put your i7 to work and it is earning $10 a day. That's more than most people in the world earn.

[Lauda]

8.6 days to find a block?
Gotta be kidding me.

its hard out there on the protoshare street ....

maybe someone has put gigawatt's handywork to test ?

Botnets are too cheap these days.

[gigawatt]

its hard out there on the protoshare street ....

Easy street more like! $96 a block. You put your i7 to work and it is earning $10 a day. That's more than most people in the world earn.

Speaking of, where's the trade threads?  I can't seem to find a link anywhere.

[ryen123]

its hard out there on the protoshare street ....

Easy street more like! $96 a block. You put your i7 to work and it is earning $10 a day. That's more than most people in the world earn.

Speaking of, where's the trade threads?  I can't seem to find a link anywhere.

Here they are

Want to buy - http://bitsharestalk.org/index.php?board=18.0
Want to sell - http://bitsharestalk.org/index.php?board=17.0

[NUFCrichard]

Pools are a bit dodgy at the moment, not sure if I should just go solo and hope for the best (i.e. get nothing!)

[ryen123]

Pools are a bit dodgy at the moment, not sure if I should just go solo and hope for the best (i.e. get nothing!)

I've been soloing since the new client and hard fork and difficulty increase. Seen nothing so far. 

[Orrechorre]

is the pool beeeeer working? been mining for 20h and over 2500 validate shares and not a single payout feels like something is wrong?

[MineNerd]

Working fine for me. I've received payouts on shares from about 15-16 hours ago.

[Orrechorre]

Working fine for me. I've received payouts on shares from about 15-16 hours ago.

okay, but how many hps do you have and how much do you get from 24h mining?


Im getting ~18-24 hps and i only received 1 payout that was 1phs, that payout was 2d ays ago

[NineLives]

Working fine for me. I've received payouts on shares from about 15-16 hours ago.

okay, but how many hps do you have and how much do you get from 24h mining?


Im getting ~18-24 hps and i only received 1 payout that was 1phs, that payout was 2d ays ago

Pools have different payout threshold.  I'm in beeer at the moment and after near 20hrs I'm seeing payments but my hpm is around 90.   

[sdp]

my protoshares wallet has been an hour out of date for 8 minutes now.  How can I fix it?