Devcoin

[emfox]

Hi guys.

Here is the bter response:

Hi,

Thanks for all your information. We will do some investigation of this coin and think carefully about it.

Best,
Bter

Feel free to contact them at admin@bter.com to supply them with more information about Devcoin and why they should add it!

Another exchange supporting Devcoin will help immeasurably with all we are trying to achieve with this project!

I've done that.

[Unthinkingbit]

It turns out that the devda web wallet does not account for generation devcoins. So please install devcoin on your computer if you haven't already:
http://www.devtome.com/doku.php?id=how_to_get_setup_earning_devcoins_by_writing#get_wallet_here

and then send me a devcoin address from your computer and I'll update your address in all the files used to pay people. Thanks to Twobits, devcoin is now much easier to install, so even if you had trouble before please try again.

[Bitcoin!]

Hi guys.

Here is the bter response:

Hi,

Thanks for all your information. We will do some investigation of this coin and think carefully about it.

Best,
Bter

Feel free to contact them at admin@bter.com to supply them with more information about Devcoin and why they should add it!

Another exchange supporting Devcoin will help immeasurably with all we are trying to achieve with this project!

Just mailed them!
Huge DVC buy orders in the orderbook at vircurex, buy them while their cheap!

[Icoin]

I was playing around with the .png file Icoin created, as I really liked it, and came up with this...

Is that alright with you Icoin? I can remove it...

looks cool, nice work!
1+

[Unthinkingbit]

The Twobits and FuzzyBear ASCMDVCPT - ASICMiner Devcoin Pass Through project:
https://cryptostocks.com/securities/39
https://bitcointalk.org/index.php?topic=196217.msg2039800#msg2039800

has sent out a dividend of more than a dollar. So they split the six share mining business award:
https://bitcointalk.org/index.php?topic=34586.msg1220943#msg1220943

They will each get 3 shares in round 23. The next mining business award is 5 shares.

[emfox]

Emfox made a devcoin faucet:
https://bitcointalk.org/index.php?topic=191553.0

I suggest an ongoing payment of 2/5 of a share to Emfox for running the faucet, and 2/5 of a share to the faucet itself. There is no plan to make a second bounty for another faucet, because that would just encourage people to hit both faucets, it would not lessen the administrative work from the first. If Emfox stops the faucet and someone else starts another, then the ongoing payment would be switched to the next faucet.

Any objections, or should something be changed?

Hello, are there any suggestions? If not, I'd like to suggest this to apply before round 23, so that I can increase the faucet size earlier. 5 DVC is too small, I think I'll set it to a proper size, that can use up the  2/5 share in a month manner.

[Unthinkingbit]

..
Hello, are there any suggestions? If not, I'd like to suggest this to apply before round 23, so that I can increase the faucet size earlier. 5 DVC is too small, I think I'll set it to a proper size, that can use up the  2/5 share in a month manner.

This can not apply in round 22, because those receiver files are already downloaded into every devcoin client that has been active in the last five days. Round 23 is the soonest possible.

By the way, I prefer paying people for service, rather than giving money for nothing. Could the faucet be upgraded with a reasonable amount of work to give people devcoins in exchange for a devtome link in their signature:
http://devtome.com/doku.php?id=earn_devcoins_by_marketing#signature

People would input their profile page, and if the faucet detected a devtome link, they would get devcoins. To encourage people to keep the link in their signature, the faucet could check a random amount of time in the future and give them more devcoins if they still have a devtome link in their signature.

[emfox]

..
Hello, are there any suggestions? If not, I'd like to suggest this to apply before round 23, so that I can increase the faucet size earlier. 5 DVC is too small, I think I'll set it to a proper size, that can use up the  2/5 share in a month manner.

This can not apply in round 22, because those receiver files are already downloaded into every devcoin client that has been active in the last five days. Round 23 is the soonest possible.

Oh yes, by 'before' round 23 I mean starting with 23 ... anyway, we mean the same

By the way, I prefer paying people for service, rather than giving money for nothing. Could the faucet be upgraded with a reasonable amount of work to give people devcoins in exchange for a devtome link in their signature:
http://devtome.com/doku.php?id=earn_devcoins_by_marketing#signature

People would input their profile page, and if the faucet detected a devtome link, they would get devcoins. To encourage people to keep the link in their signature, the faucet could check a random amount of time in the future and give them more devcoins if they still have a devtome link in their signature.

That's a good idea, I can implement it. But there's a problem, I have no way to identify that the profile page one person input IS ACTUALLY his page. e.g. one could input your profile page, he could also the extra coins.

[Unthinkingbit]

That's a good idea, I can implement it. But there's a problem, I have no way to identify that the profile page one person input IS ACTUALLY his page. e.g. one could input your profile page, he could also the extra coins.

Good point, I wasn't paranoid enough

You could make a ban list, starting with the profile pages in the devtome invoices. Every time a new profile page is added, that would also be added to the ban list.

Edit: The devcoin payment should go to the dvc address in the signature. That way, even if a scammer did somehow enter someone else's page, the devcoins would not go to the scammer. Indeed, that alone should eliminate the need for a ban list.

Edit2: The faucet payment is now official:
https://bitcointalk.org/index.php?topic=34586.msg2028378#msg2028378

[emfox]

Edit: The devcoin payment should go to the dvc address in the signature. That way, even if a scammer did somehow enter someone else's page, the devcoins would not go to the scammer. Indeed, that alone should eliminate the need for a ban list.

That's perfect solution now

Edit2: The faucet payment is now official:
https://bitcointalk.org/index.php?topic=34586.msg2028378#msg2028378

Thanks!

[Unthinkingbit]

I was playing around with the .png file Icoin created, as I really liked it, and came up with this...

Is that alright with you Icoin? I can remove it...

Thanks for the button, you get 2/5 of a share, it is now in the devcoin gallery:
http://www.devtome.com/doku.php?id=devcoin_gallery#fheenix

One 2/5 of a share button award remains:
https://bitcointalk.org/index.php?topic=34586.msg1450786#msg1450786

[Unthinkingbit]

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

The extra payout tool bounty is now official, with a six share for the first developer, then 3 shares for the next. It must be open source, like all other devcoin funded development.

[markm]

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

The extra payout tool bounty is now official, with a six share for the first developer, then 3 shares for the next. It must be open source, like all other devcoin funded development.

Great! There is already a Massively Merged Mining p2pool up and running at dvcstable01.devcoin.org:10332 but so far of course it only acts as a no-fee p2pool for bitcoins because we have no tool for sharing out the proceeds of selling all the merged mined coins it is mining alongside the bitcoins. (NMC, DVC, GRP, I0C, IXC, CLC and XGG.)

Still, if people feel confident that someday a tool will be built to share out revenue from sales of the merged coins, they could start using it. Even just for mining bitcoins a no fee pool is about the best you'll find, and once we get the tool(s) it will become in effect a negative-fee pool, a pool that pays you 100% of the bitcoins plus a bunch of devcoins that should add up to at least a few extra percent.

-MarkM-

[jasinlee]

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

The extra payout tool bounty is now official, with a six share for the first developer, then 3 shares for the next. It must be open source, like all other devcoin funded development.

Great! There is already a Massively Merged Mining p2pool up and running at dvcstable01.devcoin.org:10332 but so far of course it only acts as a no-fee p2pool for bitcoins because we have no tool for sharing out the proceeds of selling all the merged mined coins it is mining alongside the bitcoins. (NMC, DVC, GRP, I0C, IXC, CLC and XGG.)

Still, if people feel confident that someday a tool will be built to share out revenue from sales of the merged coins, they could start using it. Even just for mining bitcoins a no fee pool is about the best you'll find, and once we get the tool(s) it will become in effect a negative-fee pool, a pool that pays you 100% of the bitcoins plus a bunch of devcoins that should add up to at least a few extra percent.

-MarkM-

Couldnt you use pywallet?

[markm]

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

The extra payout tool bounty is now official, with a six share for the first developer, then 3 shares for the next. It must be open source, like all other devcoin funded development.

Great! There is already a Massively Merged Mining p2pool up and running at dvcstable01.devcoin.org:10332 but so far of course it only acts as a no-fee p2pool for bitcoins because we have no tool for sharing out the proceeds of selling all the merged mined coins it is mining alongside the bitcoins. (NMC, DVC, GRP, I0C, IXC, CLC and XGG.)

Still, if people feel confident that someday a tool will be built to share out revenue from sales of the merged coins, they could start using it. Even just for mining bitcoins a no fee pool is about the best you'll find, and once we get the tool(s) it will become in effect a negative-fee pool, a pool that pays you 100% of the bitcoins plus a bunch of devcoins that should add up to at least a few extra percent.

-MarkM-

Couldnt you use pywallet?

To figure out how many devcoins each miner should get?

The tool needed is a tool that, given coins to give out, gives them out to the miners based on how much mining they did and when the last bunch of extra coins was sent out, all of which has nothing to do with pywallet.

It needs to know which miner already got paid up to what date/time, how much all the miners together have worked since then, and then divide up the number of coins it is given to divvy up, likely also based on some date as of which that pay-period ended.

For example, some day all the coins of all types are swept away, and that moment is recorded as the end of a pay period, that is, miners will eventually receive awards based on mining they had done up to that point in time.

Then all those coins will have to be somehow converted into devcoins with which to pay the miners the bonus.

So some day a pile of devcoins is given to the divvying-up tool, and only the work miners had done up until the time the coins were swept off to be sold gets paid from that pile of devcoins. Any work they have done since will get its bonus out of the next cycle of sweeping up all the coins and sending them off to be sold.

A more advanced too would maybe do something like bitparking's mmpool does, divvying up each type of coin, sending miners that type of coin instead of generic pay in bitcoins or devcoins or whatever.

Such a tool though would need entire user-interfaces and so on, as it would need from each miner an address for each type of coin and it would need to interact with all the different types of coins' daemons to find out how many of each type of coin have been mined (and matured), and be able to do sends on each of the blockchains.

-MarkM-

[twobits]

A tool to implement paying out more than 100% to people merged-mining using p2pool with bitcoin as primary chain and devcoin as one of potentially many (currently about seven or eight or so) secondary chains.

Preferred is to pay them these extra (as in, above and beyond the bitcoins that p2pool sends them automatically in the coinbase transactions of the bitcoin blocks) earnings in the form of devcoins.

The extra payout tool bounty is now official, with a six share for the first developer, then 3 shares for the next. It must be open source, like all other devcoin funded development.

Hmm.. I really must be missing something here.  Why would someone pay for the servers to run a pool to then pay out more than 100%?

[markm]

Hmm.. I really must be missing something here.  Why would someone pay for the servers to run a pool to then pay out more than 100%?

The p2pool program pays out 100% of the bitcoins, and enables us to also merged mine NMC, DVC, GRP, IXC, I0C, CLC and XGG using the same hashes. So we are paying the miners currently only one of the eight types of coins we are mining.

This software the bounty is about will let us sell some or all of those other coins for devcoins, and send out the resulting devcoins to the miners.

Nothing forces us to sell 100% of the other coins, in fact some of them most people do not consider saleable at all, though we have added attempted estimates of what their values might be if we could find buyers to

http://galaxies.mygamesonline.org/latestrates.inc

We could for example take our fee in the form of all the GRP, I0C, CLC and XGG, selling only the NMC and IXC for devcoins, sending the miners just the devcoins mined plus the devcoins we get for the NMC and IXC, since those are the only ones actually on the kind of exchanges people are used to and the only ones for which the "comparative mining profits" sites show an estimated added profit you get if you merged mine them.

Basically the tool is about dividing up among miners however many devcoins the admins decide to give the miners.

There is no way the tool can really be expected to know how much all the coins other than bitcoin are worth, nor need it even try to figure out how many of each type of coin we actually managed to mine.

Although, I suppose it could be handy if it did actually remember how many of each coin were present last time around, look how many are around this time around, and estimate using those latestrates how many devcoins all the altcoins might add up to if one could actually sell them for the prices on the latestrates tables.

Thing is, market-making scripts that use the latestrates values use them with volume markups, so at retail size sales those prices would be 3% higher or lower (higher when selling, lower when offering to buy), in middle sized lots 2% markup, and only in the largest lot-sizes would they use only a 1% markup.

So there is no way the admins will get exactly the latestrates; they would get less if selling to existing offers, or more if placing offers themselves, assuming anyone took their offers, that is. and that they used the normal market-maker type of scripts to place the offers.

So really so far all we can expect to do is periodically have a pile of devcoins from selling altcoins, and throw them into a routine that will divvy them up among miners.

NOTE: Actually another mode many pools might find useful is a mode that simply sends out bitcoins to miners as a fixed percent of the bitcoins that p2pool already sent them.

Basically find out how much bitcoin each miner got sent by p2pool since last time you ran, and send them whatever percent more. That way instead of making miners deal with devcoins at all some merged mining pools can simply state a fixed percentage above 100% of all the bitcoins that they will pay miners. That might appeal best to miners who only care about bitcoins, providing a way to incentivise them to come and help us secure devcoin and other merged mined chains.

-MarkM-

[Unthinkingbit]

Edit: The devcoin payment should go to the dvc address in the signature. That way, even if a scammer did somehow enter someone else's page, the devcoins would not go to the scammer. Indeed, that alone should eliminate the need for a ban list.

That's perfect solution now

I suggest a payment of two shares to Emfox if within a month he makes a faucet which pays people for devtome in their signature. If it also checks a random time in the future to pay them again if it's still in their signature, he would get another two shares, for a total of four. If he does not do this within a month, the payment would be converted to a bounty open to everyone.

Also, if the four shares are sent, then the faucet maintenance would be increased from 2/5 of a share to 3/5 of a share, and the amount to donation would be increased from 2/5 of a share to 4 shares.

Any objections, or should something be changed?

[Unthinkingbit]

Has anyone rented their signature? If so, please post how much you rented it for and for how long.

[Bitcoin!]

Seems like vircurex is been hacked!