[ANNOUNCE] Ixcoin - a new Bitcoin fork

[smoothie]

I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

It is call "forum censorship". The bitcoin early adopters don't like ixcoin for the most part because it is a competing block chain.

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[Xephan]

I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

Since I get 9 pages of results from searching for 'ixcoin', maybe somebody requested that you be banned from searching for ixcoin?

[Spacy]

I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

It is call "forum censorship". The bitcoin early adopters don't like ixcoin for the most part because it is a competing block chain.

A good "product" doesn't fear competition... Maybe they know, BTC is not as good as they make us think? ;-)

[smoothie]

I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

It is call "forum censorship". The bitcoin early adopters don't like ixcoin for the most part because it is a competing block chain.

A good "product" doesn't fear competition... Maybe they know, BTC is not as good as they make us think? ;-)

Then that would explain moving ALL ixcoin posts on the main forum to here? And not namecoin's?

[phelix]

thanks to the OP for starting this great experiment. it is very healthy to test out everything that could hurt bitcoin as early as possible.

I think it will just freeze at a soon to come difficulty jump that makes mining ixcoins less profitable than mining bitcoins.

is there a webpage with the current difficulty yet?

the prices on https://ixchange.bitparking.com/main seem very high at the last difficulty levels I could find in this thread (4096, probably much higher now)

[Xephan]

is there a webpage with the current difficulty yet?

the prices on https://ixchange.bitparking.com/main seem very high at the last difficulty levels I could find in this thread (4096, probably much higher now)

16K as of last check about half an hour ago.

If you're solo mining and therefore running the bitcoin program in daemon/server mode, you can get the info from command line by running "ixcoind getinfo"

[forexmasterja]

Well sending ixcoins to a bitcoin address = fail. There goes 116 ixc into the ether.

You should be able to claim the ixcoins so long as you still have the private key that corresponds to that bitcoin address.

It worked. I copied my wallet.dat for the bitcoin address i sent ix coin to over to the ix coin directory and it recovered them.

So now i have one private key good for btc and ixc

A friend of mine did the same thing he sent some ix coins to a bitcoin address and the coins were deducted and sent/converted to a different ixcoin address, how is that possible Shouldnt the client have rejected the bitcoin address ? and where were the coins sent ? And can they be recovered ?

[Spacy]

A friend of mine did the same thing he sent some ix coins to a bitcoin address and the coins were deducted and sent/converted to a different ixcoin address, how is that possible Shouldnt the client have rejected the bitcoin address ? and where were the coins sent ? And can they be recovered ?

He can try to move the ixcoin wallet.dat, copy the bitcoin wallet.dat into the ixcoin directory... then sending the ixcoins back with the ixcoin client from the bitcoin wallet ^^

[forexmasterja]

A friend of mine did the same thing he sent some ix coins to a bitcoin address and the coins were deducted and sent/converted to a different ixcoin address, how is that possible Shouldnt the client have rejected the bitcoin address ? and where were the coins sent ? And can they be recovered ?

He can try to move the ixcoin wallet.dat, copy the bitcoin wallet.dat into the ixcoin directory... then sending the ixcoins back with the ixcoin client from the bitcoin wallet ^^

The coins were sent to a bitcoin address held by http://ixchange.bitparking.com/ exchanger. So I guess they are lost ?

[forexmasterja]

Difficulty @ 16384 now

[enmaku]

My estimations are still holding! Calculated instant IXC difficulty (i.e. what the diff should be, based on hashrate) is ~29970 and current BTC difficulty is ~1890362:

(29970.85/(1890362/50*96))*0.68 ~= 0.0056 ~= the average sale price of IXC on ixchange.bitparking.com

I love it when I actually do my math correctly 

[enquirer]

but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045

[enquirer]

bitcoiner's attitude to ixcoin is similar to normal people's attitude to bitcoin )

[enmaku]

but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045

Yep! My calculations are based on what the price should look like with an "instant" difficulty calculation as opposed to actual difficulty. As with NMC it's more profitable to mine right now because the difficulty is "incorrectly low" relative to actual interest in the currency. Instantaneous difficulty calculations are basically just a measure of interest and interest drives the price. Difficulty and price are both driven by the same underlying force: how many people are interested in this currency? Difficulty lags price because price change in realtime while difficulty only changes every 2k blocks or so. The more interest, the higher the difficulty AND the higher the price.

[phelix]

but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045

maybe not for long - the next difficulty jump may freeze ixcoin

check out the new version of my profitability calculator at http://bitcoinx.com/profit - it is easy now to calculate the mining factor and compare forks

[joulesbeef]

why does the client connect to an irc channel? what need would my wallet have to be on an irc channel?
bitcoin doesnt do that as far as I can see.

Perhaps this is why av software flag it as a trojan.

[allinvain]

why does the client connect to an irc channel? what need would my wallet have to be on an irc channel?
bitcoin doesnt do that as far as I can see.

Perhaps this is why av software flag it as a trojan.

Your wallet is NOT on an irc channel. It's the method it uses to bootstrap itself on to the network. Bitcoin does the same, but it also uses a DNS based scheme.

[Oldminer]

I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

It is call "forum censorship". The bitcoin early adopters don't like ixcoin for the most part because it is a competing block chain.

Yea I figured as much. Just thought I would throw it out there..

And although I was a bit cynical of IXCoin I'm now mining them. I find this new currency quite interesting for some reason. IMO it has a number of advantages over Bitcoin. Though I do believe Bitcoin will remain the most popular digital currency for some time I like the analogy of Bitcoin as gold and IXCoin as silver. I also like how the 2 currencies can be traded for each other across the exchanges (and the transfers are FAST ).

As a side note, I am also becoming a bit concerned about the level of 'control' a few individuals seem to have over Bitcoin. Theres the early adopters that obviously determine the price of Bitcoin (no central control?) and things such as forum censorship (early adopters also?), and the fact Bitcoin is WAY over-valued at the moment. IMO in a free market, price is determined by the market, but I'm not sure the market is being allowed to do that in this case. The problem may be that the market (in the case of Bitcoin & at least for now) is largely controlled by those that hold the coins, and so price is determined by a select few. Anyway I think having 2 or even 3 'main' digital currencies is a good thing. Long live IXCoin.

[Oldminer]

Anyone know how to calculate how long it would take to solo mine IXCoin solo @ the current difficulty?

[kano]

Anyone know how to calculate how long it would take to solo mine IXCoin solo @ the current difficulty?

Same way you calculate it for a Bitcoin block.
But you need to know the current actual difficulty.