New Ixcoin fork -> I0coin

[wolftaur]

At the current difficulty (3115) is it worth while to solo mine?

That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.

If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)

A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.

A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.

[1714243058]

1714243058

[Lumpy]

What you're saying doesn't make any sense,encryption is not the only thing that is important.It is like having an employer that pays you only via direct deposit and your bank says whoops just because you lost your password you can't have access to your account,are you serious ?

Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.

The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?

[Beta-coiner1]

Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.

The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?

Note:After fighting for the last 2 hours I have finally found the password.......

Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty.

On topic,for anything that has to deal with replacing anything else as a base for monetary value,absolutely.Keeping your money safe is important but having access to it is even more so,do you disagree ?

[wolftaur]

What you're saying doesn't make any sense,encryption is not the only thing that is important.It is like having an employer that pays you only via direct deposit and your bank says whoops just because you lost your password you can't have access to your account,are you serious ?

The bank does verification for password recovery much differently. Your computer doesn't have a slot for you to insert your driver's license, social security card, and three utility bills to prove control of address...

And even if it did, that would mean _YOUR_ computer had all the information needed to bypass your forgotten password. Which is just fine... until a hacker steals your computer or otherwise defeats its security mechanism. This is why if a hacker can break into your bank -EVERYONE- who banks there can be fucked.

[kano]

Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.

The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?

Note:After fighting for the last 2 hours I have finally found the password.......

Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty.

On topic,for anything that has to deal with replacing anything else as a base for monetary value,absolutely.Keeping your money safe is important but having access to it is even more so,do you disagree ?

Absolutely disagree.

In fact it is EXACTLY the same as a Swiss bank account where you must know the account number or you cannot get the money ... (well like the ones in the movies anyway

The point of the wallet is the same:
If you lose your wallet (and don't have another copy of it) you forever lose you current balance.
However the reverse is also true if you haven't encrypted your wallet: if ANYONE gets even a copy of your wallet they can take all your coins.

However:
If you can bypass the security without the password then ANYONE else can do that also.

If you don't like that - then seriously, Bitcoins are not for you.

... and they allow what banks want but cannot have: complete security.

[joulesbeef]

Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty

 

I didnt really help much though, but i figured you might have forgotten a capitalized letter and while it is nearly impossible to brute force a password when you know nothing about what it might be, it isnt that hard to brute force a password if you are yourself and know it can only be of a few combinations. I have a btc addy below if you want to donate some chicken funds. I am running quite low.

[Beta-coiner1]

@Joulesbeef

Done w/ extra.

@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.

What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.

[Zonyc]

At the current difficulty (3115) is it worth while to solo mine?

That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.

If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)

A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.

A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.

With ~2500Mhash/s?

[gw4tt]

At the current difficulty (3115) is it worth while to solo mine?

That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.

If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)

A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.

A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.

With ~2500Mhash/s?

Just mine bitcoin. i0coin isn't more profitable than bitcoin at this point. If you really want i0coins just mine bitcoin and buy i0.

[wolftaur]

At the current difficulty (3115) is it worth while to solo mine?

That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.

If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)

A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.

A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.

With ~2500Mhash/s?

At current difficulty level, solo mining is practical and your variance will probably be measured over days. It's when it's weeks or months that it gets... very frustrating.

[CosicMiner]

Difficulty just dropped to 2675!
Are miners leaving?

[Lumpy]

@Joulesbeef

Done w/ extra.

@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.

What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.

I have the feeling that you don't understand how encryption works or the purpose of it as a whole. Do some research first and you'll see that the password itself is not embedded, so to speak, anywhere in the file. I have my entire hard drive encrypted and if I forget the passphrase (20+ characters, strong mix), ALL is lost forever. That's the point.

[jackjack]

"I forgot my password: the system is not user-friendly"

[Xanderus]

Does anybody knows, is existed anywhere some kind of blockexplorer for i0coins ?

[CosicMiner]

Does anybody knows, is existed anywhere some kind of blockexplorer for i0coins ?

I also want to know! Current round at i0.digbtc.net is over 60 minutes. Difficulty adjustment at this pace is going to take some time.

[ArtForz]

Guess digbtc is just massively unlucky. Estimated network hashrate is ~95Gh/s and the last 60 blocks were ~120s/block average -> another 30% or so diff decrease at block 19200 (= in about 2h or so at current hashrate).

[CosicMiner]

Guess digbtc is just massively unlucky. Estimated network hashrate is ~95Gh/s and the last 60 blocks were ~120s/block average -> another 30% or so diff decrease at block 19200 (= in about 2h or so at current hashrate).

Phew! Zombieround is over, after 90 minutes. I can relax again.

[smoothie]

lol

[joulesbeef]

Lumpy is a stand up guy.. i'll vouch for you in the future if you ever need it for sales or whatever.

thanks for quite a bit more than the bounty

[Beta-coiner1]

Lumpy is a stand up guy.. i'll vouch for you in the future if you ever need it for sales or whatever.

thanks for quite a bit more than the bounty

Lol,I guess I'm Lumpy.