[ANNOUNCE] Ixcoin - a new Bitcoin fork

[markm]

Merged mining doesn't really take a heck of a lot of resources and so far there aren't even really enough merged mined coin types to even start to really see what the limit would be of how many chains can practically be mined at once. Though a few chains have shown that being massive resource-hogs compared to others can make some chains less attractive than others.

A lot of the problem too is lack of consumer ASIC devices, a whole lot of chains have basically been waiting waiting waiting for a day to come when they can secure themselves, but ASIC being supposedly just around the corner kind of stifled the urge to build more GPU rigs to support one's coins of choice.

Hopefully once ASICs are common and easy to use the people will be able to get around the monolithic pools that marginalise the merged mined chains.

-MarkM-

[doublec]

BTW, bitparking has temporarily stopped merge mining ixcoin to fix issues with merge mining and version 1/2 blocks. I hope to resume in a couple of days but in the meantime hashrate of ixcoin and transaction speeds is likely to be low unless someone else joins in.

Bitparking merge mining has resumed.

[MaGNeT]

Rumors that more altcoins (at least the merge-mined coins because they are safe from 51% attacks) will be added to MtGox if LTC and NMC are a success.

That could / would be good news for Ixcoin
Too bad I sold my 10k IXC at 0.00000000000000000000001 BTC or something close to that  
Just 800 of them left by mining at mmpool...

i0coin is really dead now, I guess? Client crashes at 2GB block size / memory limit.

[romerun]

I'm looking into the ixc thing. http://www.ixcoin.org/ is so shady, yet has OSX client which does not exist on the pp and terra thing, nice !

However, I'm seeing 0 connections, 0 blocks, 0 transactions, forever. Looks like the network bootstrap is broken, or my client is outdated ??

**crap, noticed that the osx version is behind other versions (Mac OS X unverified 0.3.24.2 only) is that the problem ??

[tysat]

I'm looking into the ixc thing. http://www.ixcoin.org/ is so shady, yet has OSX client which does not exist on the pp and terra thing, nice !

However, I'm seeing 0 connections, 0 blocks, 0 transactions, forever. Looks like the network bootstrap is broken, or my client is outdated ??

**crap, noticed that the osx version is behind other versions (Mac OS X unverified 0.3.24.2 only) is that the problem ??

Because it's dead.

[romerun]

I just installed the latest win32 client and seeing 0 connections as well, looks like it's dead.

hold on, if it's dead, how are they still mining/trading it ?

***using linux client, I'm able to connect to the network, it's not dead

[wtman]

Is this ever coming back guys? What do you think?

[tysat]

Is this ever coming back guys? What do you think?

Pretty sure it's dead.

[bitpop]

Are you sure these are the correct btc ports? They looked switched..

Bitcoin's operating port 8332 is now 8337 with Ixcoin.
Bitcoin's RPC server port 8333 is now 8338 with Ixcoin.

[joyyen]

i have 0 connections 0 block 0 transaction in windows 7 anyone please help !

[markm]

I thought Ixcoin is one of the merged-mined coins the merged mining pool at BitParking mines?

Also, it is traded on Vircurex as well as on the Digitalis Open Transactions server.

-MarkM-

[twobits]

I'm looking into the ixc thing. http://www.ixcoin.org/ is so shady, yet has OSX client which does not exist on the pp and terra thing, nice !

However, I'm seeing 0 connections, 0 blocks, 0 transactions, forever. Looks like the network bootstrap is broken, or my client is outdated ??

**crap, noticed that the osx version is behind other versions (Mac OS X unverified 0.3.24.2 only) is that the problem ??

Actually the look of that page is pretty much how bitcoin.org used to look.

I did that OSX client.   Never did get the bounty though, lol.

It would be able to connect, but it seems  all the initial seeds are gone.  The irc channels are way too many for the current
userbase so it is more or less pot luck to wind up on a channel with someone.  I had to do -addnode to get it to
find initial peers with the windows client.   It still would stop before it downloaded the full blockchain though as some stuff
 got changed that  would need the latest version to work.   So it is not really useful now for anything.  Not sure it is worth making an update, since it would never get updated on the website anyway.

[markm]

It picks from more than one IRC channel?

Sloppy job of hacking bitcoin to make an altcoin I guess, usually chopping the number of IRC channels down to one is a standard part of making an altcoin.

Okay well maybe its time to put out a new version with a new checkpoint and while I'm at it chop the IRC channels down to one...

-MarkM-

[twobits]

It picks from more than one IRC channel?

Sloppy job of hacking bitcoin to make an altcoin I guess, usually chopping the number of IRC channels down to one is a standard part of making an altcoin.

Okay well maybe its time to put out a new version with a new checkpoint and while I'm at it chop the IRC channels down to one...

-MarkM-

Dont know about 0.3.24.3, but 0.3.24.2 did I am pretty sure...   have to take a quick look at the sources for .3 I guess....

Edit:  Looks like my advice at the time to reduce it was taken, it used 100 chanels in .2 and was reduced to 10 in .3

[markm]

Ten might still be too many, depending on how many people actually run it due to it still being on bitparking's merged mining pool. A lot of people though might just send it direct from the pool to an exchange. I have wide open port on my new server and only have 64 connections. I wonder what the chances are of any given IRC channel being empty if there are only 65 instances online?

Still, its not was bad as 100 channels... Maybe it will be okay, though someone just recently was having a really hard time getting a connection.

-MarkM-

[bitpop]

what do these seed irc channels look like?

[romerun]

I don't understand, why the supposed to be dead IXC/BTC is rising in vircurex ? What are people buy for ? Hoping for someone to revive it ? What are the possibilities ?

[kjlimo]

Price is low, I'm hoarding 

I don't understand, why the supposed to be dead IXC/BTC is rising in vircurex ? What are people buy for ? Hoping for someone to revive it ? What are the possibilities ?

There's always hope, haha.  And there's always hoarding.  I know owning a million devcoins makes me feel like some sort of millionaire.  Perhaps holding a million ixcoins gives others the same feeling.

[markm]

It is a merged-mined coin, so once enough ASICs are in the wild for more and more ASIC owners to find their profit margins are more and more marginal, this coin like all the merged mined coins is likely to attract more interest and over time lower and lower priced electricity areas hit the limit where they cannot pay their electricity bill with bitcoins alone. First they'll add namecoins, if they have been so profligately wasting hashing power as not to have been including namecoin all along, then more and more of the merged mined coins as it gets harder and harder to cover their electricity usage.

Basically miners who fail to merge all the coins they can will eventually get squeezed out...

-MarkM-

[zebedee]

It is a merged-mined coin, so once enough ASICs are in the wild for more and more ASIC owners to find their profit margins are more and more marginal, this coin like all the merged mined coins is likely to attract more interest and over time lower and lower priced electricity areas hit the limit where they cannot pay their electricity bill with bitcoins alone. First they'll add namecoins, if they have been so profligately wasting hashing power as not to have been including namecoin all along, then more and more of the merged mined coins as it gets harder and harder to cover their electricity usage.

Basically miners who fail to merge all the coins they can will eventually get squeezed out...

-MarkM-

I see.  So you're saying that greater supply means the price will go up?