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Author Topic: [ANN] INFINITECOIN - UPDATE TO 1.8.8 visit INFINITECOIN.COM  (Read 154366 times)
almightyruler
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December 25, 2017, 05:32:38 AM
 #941

Seems like Infinitecoin had a 51% attack. The market is closed at Cryptopia

https://www.cryptopia.co.nz/Exchange?market=IFC_DOGE

Market Closing

Investigating 51% attack.



That's why I've been explaining (repeatedly) that we need to get people to mine the coin. There's no point adding new nodes if the security of the blockchain is poor. Read back a few pages and you'll see I've pointed out that the entire network could be attacked with a single GPU, maybe even a CPU.

I also mentioned a possible solution a while back, and have recently implemented it: an auto-faucet, which will pay out 100 IFC per 2 minutes to miners. Hopefully that will be some incentive for people to start mining the coin again.

It does rely on funding since it is using existing funds, not actual "mined" (created) coins. If you or anyone have any funds to spare please donate: i86R5mEaP7SFGfuGhzvzguuRH4c98AefzQ
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msy2008
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December 25, 2017, 06:36:20 AM
 #942

Seems like Infinitecoin had a 51% attack. The market is closed at Cryptopia

https://www.cryptopia.co.nz/Exchange?market=IFC_DOGE

Market Closing

Investigating 51% attack.



That's why I've been explaining (repeatedly) that we need to get people to mine the coin. There's no point adding new nodes if the security of the blockchain is poor. Read back a few pages and you'll see I've pointed out that the entire network could be attacked with a single GPU, maybe even a CPU.

I also mentioned a possible solution a while back, and have recently implemented it: an auto-faucet, which will pay out 100 IFC per 2 minutes to miners. Hopefully that will be some incentive for people to start mining the coin again.

It does rely on funding since it is using existing funds, not actual "mined" (created) coins. If you or anyone have any funds to spare please donate: i86R5mEaP7SFGfuGhzvzguuRH4c98AefzQ
Hello almightyruler our idea does not conflict with distributed nodes is the first step out of the second step mining is also necessary to develop distributed mining machine necessary we need investors

msy2008
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December 25, 2017, 06:38:59 AM
 #943

Seems like Infinitecoin had a 51% attack. The market is closed at Cryptopia

https://www.cryptopia.co.nz/Exchange?market=IFC_DOGE

Market Closing

Investigating 51% attack.



That's why I've been explaining (repeatedly) that we need to get people to mine the coin. There's no point adding new nodes if the security of the blockchain is poor. Read back a few pages and you'll see I've pointed out that the entire network could be attacked with a single GPU, maybe even a CPU.

I also mentioned a possible solution a while back, and have recently implemented it: an auto-faucet, which will pay out 100 IFC per 2 minutes to miners. Hopefully that will be some incentive for people to start mining the coin again.

It does rely on funding since it is using existing funds, not actual "mined" (created) coins. If you or anyone have any funds to spare please donate: i86R5mEaP7SFGfuGhzvzguuRH4c98AefzQ
I'm glad you made a contribution to the development of IFC. I would like to donate your faucet personally and tell fans from China to donate together.

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December 25, 2017, 07:09:26 AM
 #944

No.2 Overview Weekly  12/25/17
The number of 143 registered purse address nodes in this week is 176
Each node is rewarded with 1000 IFC

Happy Christmas node!

IFC infinity (China) Foundation
Endowment address of the foundation (pay attention to only IFC unlimited money donation)
I7AiysGcT5ZAYVY3Q8inBFVmkPe4Yn3FMy
The account manager: Haoyear
Block browser https://prohashing.com/explorer/Infinitecoin/
Anyone can query the use of the foundation account by a block browser

msy2008
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December 26, 2017, 03:42:40 AM
 #945

http://www.qunbi.pro/   From China's new exchange they are going to be listed on the IFC to RMB

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December 26, 2017, 03:46:18 AM
 #946

wow this will be very huge someday,after all hard works you can see the outcome of the project.Good luck and i am hoping for your continues success.Godbless.
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December 26, 2017, 04:01:11 AM
 #947

There is now a thing that has disappointing the entire IFC community in China

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December 26, 2017, 04:11:48 AM
Last edit: December 26, 2017, 05:19:29 AM by msy2008
 #948

       Now known IFC exchanges

http://www.qunbi.pro/                  (Stock exchange time2017.12.26)

https://www.coinegg.com/ifc/           (IFC-BTC)(The exchange is the original Jubi, and now they can't extract IFC)

https://www.asdbi.com/trade/6.html       (IFC-RMB)

https://www.coolcoin.com/ifc/                           (IFC-BTC)

https://www.yjubi.com/trade/index/market/ifc_cny/             (IFC-RMB)

https://novaexchange.com/market/LTC_IFC/              (Multi currency transaction)

nyeko_12
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December 26, 2017, 02:59:54 PM
 #949

We(Me and some guys that are very interested into this project have started a telegram group for discussions regarding IFC where everyone can contribute):

https://t.me/infinitecoin
x3m4games
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December 27, 2017, 05:02:27 PM
 #950

Hello

Can someone help me mine this coin ? for a while I keep try to mine it but for some reason is not working at all I try to mine it with the miner from the wallet but for some reason it worked only 1 time and give me 100 ifc

I keep try to do it with explorer but I don't know how to do it and I am very sure are many people in same situation

If someone could say how to mine it step by step will be very nice

this is my adress

iRCDMTFPPzpKWHtHH7CRMXXpcRwdAdVMQ5

if any want to send some ifc I was try to send the ifc to me but the fee is 200 if and I have in wallet 100 for some reason I don;t understand why the fee is so big
almightyruler
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December 27, 2017, 06:56:35 PM
 #951

Hello

Can someone help me mine this coin ? for a while I keep try to mine it but for some reason is not working at all I try to mine it with the miner from the wallet but for some reason it worked only 1 time and give me 100 ifc

Mining with a CPU (via the wallet) isn't going to work very well, particularly because now other miners seem to be picking up this coin, which means more competition for blocks. This is great for the network - it helps secure the blockchain - but not so great for you. Smiley

Basically a simple low end ASIC miner is about maybe 15 to 20 times more powerful than your CPU, and a mid to high range ASIC is many thousands of times more powerful.

If you leave your wallet running in mining mode you'll probably find a few blocks per day, but it's going to use a fair amount of electricity for very little reward. Do you have any dedicated mining equipment?
x3m4games
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December 27, 2017, 07:48:21 PM
 #952

Hey

Well it is my gaming pc is not  perfect but first I need to figure out how can I mine this coin with Gpu or in a mining pool and I not find any active pool for it

Can you help me to set up the mining with gpu ?
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December 27, 2017, 08:08:02 PM
 #953

https://prohashing.com/explorer/Infinitecoin/



I found this link but  it looks to say how to mine but I have no clue about how to do it
almightyruler
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December 27, 2017, 09:17:26 PM
 #954

Mining with a GPU is more efficient than mining with a CPU, but it's still orders of magnitude less powerful (and efficient) than dedicated ASIC equipment. You'll spend a lot of time fiddling with software and settings only to discover that you find two blocks a day. It's really not worth it.

If you want to play around with mining, search ebay for "gridseed" or "gridseed orb". This is an older ASIC miner which has come back into fashion because of the recent rise in value of Bitcoin. If you hunt a bit you should be able to buy a 5 chip miner for $100 - $150 USD. But really you should consider this a hobby purchase rather than investment, because it's still not very powerful, so you may not make back the purchase price.

I've had a 5 chip miner going on IFC for a while but now that difficulty is rising (due to competition from other miners) it's going to be harder to find blocks. Right now a 5 chip Gridseed would find roughly 15-20% of all blocks. A GPU would find only a few percent and a CPU possibly less than 1%.
x3m4games
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December 28, 2017, 12:52:18 AM
 #955

Hello

Thanks for the info .. I know mining with cpu is not good at all ... but what I am asking is how to set up ccminer for example to mine with gpu ... I understand is not profitable . But I am not looking to be profitable for the moment  I am looking how to set up a miner to mine ifc with gpu. 

Also I am confouse atm because I have the impresion that I can't mine in a pool atm because does not exist one

Thanks
almightyruler
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December 28, 2017, 05:57:32 AM
 #956

Thanks for the info .. I know mining with cpu is not good at all ... but what I am asking is how to set up ccminer for example to mine with gpu ... I understand is not profitable . But I am not looking to be profitable for the moment  I am looking how to set up a miner to mine ifc with gpu.

Okay, this may give you some idea of the potential. Back in 2014, before moving to ASICs, I mined with 4 X R9 270X and 2 x R9 280X.

Here's the 270: http://www.gpuscanner.com/amd-r9-270

The mining hashrate of a single 270X GPU is roughly equivalent to a Gridseed 5 chip ASIC (but power consumption is 20+ times more!)

There are other GPUs listed on that site, so if you can find yours, scale the estimate based on the hashrate.

My 15-20% estimate in a previous message was a fair bit off. I've checked actual mining output and over the past 2880 blocks (24 hours) my Gridseed won 63 blocks, or 2.2% of the total. With the current reward of 100 IFC per 2 minutes this is about 1575 IFC per day.

My main concern is that you spend time setting things up, then difficulty increases as more miners jump in to take advantage of the current reward system. For example, difficulty has increased by about 4 times in as many days. The chance of winning blocks is inversely proportional to difficulty, so if difficulty increases by (say) another 4 times, the daily estimate will be a quarter of what it is now. If difficulty went up by (say) 10 times you'd only be making 157 IFC per day. I don't want you to waste your time only to be disappointed because your already small mining output dries up as more miners put their own hashpower into this coin.

Anyway, if you do decide to continue, this page, although old, should assist you with setting up the software: http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-windows/

HTH.
xbdgg
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December 28, 2017, 08:48:43 AM
 #957

真心希望外国的朋友们能够与中国热爱ifC的爱好者,共同努力,让ifC发展的更好!中国已经成立了ifC的社区,基金会!我们一起加油!
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December 28, 2017, 09:03:02 AM
 #958

Could you give me a slack link? I want to find IFC chat community
IFC-BR
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December 29, 2017, 03:58:49 AM
 #959

Hello friends, new date for cryptopia deslist:

Quote from: Cryptopia
27th November - IFC suffered a 51% attack to its' network. This resulted in the loss of coins in Cryptopia users IFC addresses. Unfortunately Cryptopia is unable to regulate a coins network and IFC will be de-listed. Delist date: 27/01/2018


Final message of Cryptopia:

Quote from: Cryptopia
27th November - IFC suffered a 51% attack to its' network. This resulted in the loss of coins in Cryptopia users IFC addresses. Unfortunately Cryptopia is unable to regulate a coins network and IFC will be de-listed. Delist date: 27/12/2017

TalkBitcoinsCom
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December 29, 2017, 06:27:54 AM
 #960

Hi all, i was always unable to withdraw my IFC from Cryptopia, and have a long time support ticket with them about it, does anyone know when they'll be removing that "maintenene" issue, so we can withdraw our IFC's?

Any info much appreciated Smiley
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