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Author Topic: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE  (Read 179547 times)
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December 09, 2013, 05:59:31 AM
 #681

http://185.16.61.172/address/sYwsFJZDMz144QnY4YmPC48NkQgWYFKGN5

And finally, as predicted by me, you are going to hardfork for spending the 1.25 millions premined !!

Great plan ! Brilliant !
Very ignorant. We can reject the update anytime, he wouldn't have a place to sell them to.
Pretty pointless.


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December 09, 2013, 06:32:20 AM
 #682

RELEASE - VERSION 1.4

This is a mandatory update before block 312000, approximately 2 weeks from now. The update consists of the following changes:

*Difficulty algorithm changed. Now retargets every 10 blocks, with a maximum of 12% down, or 10% up
*Target block time changed to 60 seconds
*MAX_MONEY reflected to a more proper value
*Alert key updated

The new difficulty algorithm will keep the multipools from jacking the difficulty up and abandoning the coin. The benefits of this should be obvious to all involved.

You may be wondering why the block time was 'changed' to 60 seconds. Blocks were already being generated at this rate due to multipool influence. Since the coin has been launched, the multipools have been wreaking havoc on the difficulty, causing less blocks to be created each day than what was programmed in. If you check the block explorer, typically around 1400-1600 blocks are being created per day, this averages out to about 60 seconds. To avoid a sharp increase in the supply rate, the new rates have been created with this in mind.

Changing the block target time to 60 seconds keeps the generation rate in line with what it has been. The same amount of blocks will be generated each day. However, the key difference is that now the blocks will be going to dedicated StableCoin miners, and not to the multipools. This benefits the miners, of course, but also benefits the investors/speculators. When multipools mine, they instantly dump the coin at market price. Steady miners are less likely to do this.

These new settings will also decrease the amount of orphans/rejects experienced, as blocks will have additional buffer time to propagate the network. This is especially important as we move into more and more foreign markets.

So, all in all, we have the same amount of coins being generated, but with more of them going to the steady miners, and less being dumped on the exchanges. A win/win scenario for everyone - except the multipools, of course. Wink


DOWNLOAD

Windows Client: https://github.com/stablecoin/stablecoin-qt/archive/master.zip
Mac Client: Coming Soon
Source: https://github.com/stablecoin/StableCoin

StableCoin Development Fund: shQpTvLDsgCURkfqyBuCjL79aqYwti2FEJ
StableCoin Forums: http://forums.stablecoin.net
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December 09, 2013, 06:39:22 AM
 #683

Sounds good!  Glad to see you are sticking around and didn't just come back to say a few words to raise the price and cash out  Grin

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December 09, 2013, 06:42:33 AM
 #684

Sounds great! I think right now this is the coin with the most potential.


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December 09, 2013, 06:51:58 AM
 #685

Forgive me for my lack of knowledge in this aspect, but does a 60 second block time mean 60 second transactions now instead of 40? Or no?

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December 09, 2013, 06:52:56 AM
 #686

I'm a bit clueless here.

How to update client? Should I back up the wallet first? After backing up a wallet, how do I load it up again?

What is going to happen to the pools? Are they going to go offline for a bit to update?

Thanks

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December 09, 2013, 07:00:39 AM
 #687

Forgive me for my lack of knowledge in this aspect, but does a 60 second block time mean 60 second transactions now instead of 40? Or no?

Transactions were never 40 seconds to begin with because of the multipools. Block times were ranging anywhere from 3 seconds to 10 minutes. With this newest change, they should be fairly consistent around 60 seconds.

I'm a bit clueless here.

How to update client? Should I back up the wallet first? After backing up a wallet, how do I load it up again?

What is going to happen to the pools? Are they going to go offline for a bit to update?

Thanks
No need to backup the wallet. Just delete your old stablecoin-qt.exe and use the new one.

Pools will have 2 weeks to update.

StableCoin Development Fund: shQpTvLDsgCURkfqyBuCjL79aqYwti2FEJ
StableCoin Forums: http://forums.stablecoin.net
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December 09, 2013, 07:16:13 AM
 #688

ok, trying to mine SBC right now and need some help with mining...posted in the mining forum but no replies:


Quote
I had a mining rig with a 7850 in it, now I added a R9 290, I have different settings for each card... what is the best way to get this to work in cgminer

can I do -d 0 then 1st card settings then -d 1 2nd card settings

or

2 seperate bat files and run 2 instances of cgminer at once?

I am running them both with somewhat default settings in cgminer, but obv I want to tweak each one for max performance

thanks in advance
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December 09, 2013, 07:20:16 AM
 #689

How to update client? Should I back up the wallet first? After backing up a wallet, how do I load it up again?
Thanks
No need to backup the wallet. Just delete your old stablecoin-qt.exe and use the new one.

Can someone verify this works fine even for encrypted wallet?

Thanks,

I am just going through this cautiously because I've never done it before and wouldn't like to lose any coins in the process

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December 09, 2013, 07:31:23 AM
 #690

I have just updated the wallet and everything went smooth...
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December 09, 2013, 08:33:56 AM
 #691

sorry if I missed it, but what was the big news?
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December 09, 2013, 11:07:16 AM
 #692

I've downloaded the SBC client but it is Out of Syn?  Anyone know how to resolve this problem?  Thanks.
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December 09, 2013, 11:38:27 AM
 #693

I've downloaded the SBC client but it is Out of Syn?  Anyone know how to resolve this problem?  Thanks.

You wait until it has synced
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December 09, 2013, 12:55:10 PM
 #694

Voted. We're in 1st with 46 votes, then Litecoin, Worldcoin, and Quark.

SBC: sevWq6vmXH8HMVV1g3VRQkkwE2hoheSor3
XPM: ALzpeufTnkLgRppe7cCBXQN2oVcghpDsKn
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December 09, 2013, 01:00:59 PM
 #695

would be nice to see sbc on btc38 soon Smiley

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December 09, 2013, 01:02:57 PM
 #696

would be nice to see sbc on btc38 soon Smiley

Write as many exchanges as you can and request that they add the coin.

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December 09, 2013, 01:11:47 PM
 #697

I am trying to make a sbc forum (Not the biggest task in the world), however will take me some days.
Anyone have any thoughts on features they want?

That's brilliant AnonX, it's a great initiative, one thing in common with all successful coins is a strong community. once the sbctalk forum is up i guess artos can link it to the main site.

I guess any of the popular free bb engines should do the trick, maybe something with mobile support as a lot of ppl are on mobile these days so that's always an added plus.

Chinese language support would also be a good benefit since we are growing there at a good pace, so having the chinese community within the same forum would be important.


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December 09, 2013, 01:15:39 PM
 #698

I am trying to make a sbc forum (Not the biggest task in the world), however will take me some days.
Anyone have any thoughts on features they want?
A very groovy idea (whoops, I guess I just showed my age).  I have been wishing there was a forum for various topics related to mining SBC and with coverage on the coin itself.

A sticky with instructions for mining, a sticky with a list of pools, a sticky for Artos and the other pro's to distribute additional info on the coin and any problems or changes.

Truly a great idea

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December 09, 2013, 01:37:53 PM
 #699

I really wish the volume would pick up 83 BTC is nothing.
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December 09, 2013, 02:12:37 PM
 #700

Don't know what you did, but the pool is not working for shit.  I have changed nothing in my scrypt or in my bat file, but I am getting an endless stream of "Found block for pool 0!" but NO "Accepted."

ONe thing I find intolerable is to have my computer crunching numbers uselessly.  Fix it!!!!!

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