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Author Topic: New Ixcoin fork -> I0coin  (Read 200373 times)
DutchBrat
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December 11, 2011, 02:45:04 PM
 #1501

Maybe i am completely wrong, but with PoolservJ made by Shadders, it's possible to add multiple alt-chains on merged mining, isn't it ?

So in theory you can tripple or quadruple mine

The biggest merged mining pool using PoolservJ right now is BTCGuild, so if we can get Eleuthria on board I0coin would be (almost 100%) safeguarded from any attacks
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December 11, 2011, 02:50:06 PM
 #1502

30? thats more than most individuals have, you probably would blow all your fuses running that rig at home (thats something like 40
*hd6990, they each pull around 300+ watt)
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December 11, 2011, 02:52:33 PM
 #1503

Maybe i am completely wrong, but with PoolservJ made by Shadders, it's possible to add multiple alt-chains on merged mining, isn't it ?
I don't know if it's possible with existing versions of PoolservJ but it does work with the merged mining proxy so it should be.
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December 11, 2011, 05:17:30 PM
 #1504

Working on a new update for the i0coin client yet? With the new i0coin logo?

Use the big new coin for http://i0coin.bitparking.com/, as other currencies does on there home page.
And the small for the icon when you open it, and see it in task bar, etc

Hope to see it in usage soon

Best regards
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December 11, 2011, 07:04:20 PM
 #1505

I think something is wrong with my monitor.  Allchains shows i0c as having 140+ GH/s network hash rate  Shocked

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December 12, 2011, 09:29:52 PM
 #1506

Working on a new update for the i0coin client yet? With the new i0coin logo?

Still don't see it in the newest client yet.
Still haven't gotten a response yet, looking to it hopefully.




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Rainbot
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December 12, 2011, 10:35:40 PM
 #1507

Still don't see it in the newest client yet.
Still haven't gotten a response yet, looking to it hopefully.
I'm busy with other stuff for a day or two, but will take a look at what's involved in converting the images to what's needed for the client then.  I'll checkpoint at the same time.
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December 13, 2011, 12:09:43 AM
 #1508

Dec/11/2011   150639   7230672   2.32609085296636   48
Feb/20/2012   218799   10500000   0.80091428571429   24
Sep/30/2012   437339   15750000   0.26697142857143   12
May/12/2013   656859   18375000   0.11441632653061   6
Dec/21/2013   875399   19687500   0.05339428571429   3
Aug/01/2014   1093939   20343750   0.02583594470046   1.5

I found out the reward halves every 218,750 block.  Thus on Aug 1 2014, the reward will be 1.5, 10.9 million blocks will have been made, 20.3 million coins would exist, and a 2.5% inflation rate (similar to gold).  Still along time to have a real coin.
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December 13, 2011, 01:29:48 AM
 #1509

I think we better continue mining before the rewards drop to 24 in Feb


Dec/11/2011   150639   7230672   2.32609085296636   48
Feb/20/2012   218799   10500000   0.80091428571429   24
Sep/30/2012   437339   15750000   0.26697142857143   12
May/12/2013   656859   18375000   0.11441632653061   6
Dec/21/2013   875399   19687500   0.05339428571429   3
Aug/01/2014   1093939   20343750   0.02583594470046   1.5

I found out the reward halves every 218,750 block.  Thus on Aug 1 2014, the reward will be 1.5, 10.9 million blocks will have been made, 20.3 million coins would exist, and a 2.5% inflation rate (similar to gold).  Still along time to have a real coin.
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December 13, 2011, 04:53:37 AM
 #1510

What donations i get for 10 hours of hard work into making the i0coin logo  Sad
Any bounty?  Sad

Oh well; at least i0coin has its new logo.



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December 13, 2011, 04:10:55 PM
 #1511

Are there (or will there be) any vendors directly accepting I0Coin again?  I remember there were a few taking I0C a while back, and some private party sales were done in the Marketplace for I0C.

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December 13, 2011, 04:44:23 PM
 #1512

I think the most important thing now for i0coin is at least to have an exchange and some vendors supporting it.
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December 13, 2011, 06:29:28 PM
 #1513

An exchange will probably come online after block 160K when merged mining activates.  I was planning on selling a few hundred when an exchange opens up, but seeing as how the block reward halves in a couple months, it might be worth it to just hang on to them for now.

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December 13, 2011, 07:15:22 PM
 #1514

Question is, what will halving the reward do for I0Coin and for Bitcoin

In bitcoins case, mining will instantly become really unprofitable, will the relative scarcity drive up the price, will the network come to a screeching halt because miners turn off their rigs, halving difficulty

Most likely a combination of all of the above, exciting to see how Bitcoin and I0Coin will react to the first real change after the introduction of GPU mining
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December 13, 2011, 07:31:56 PM
 #1515

Question is, what will halving the reward do for I0Coin and for Bitcoin

In bitcoins case, mining will instantly become really unprofitable, will the relative scarcity drive up the price, will the network come to a screeching halt because miners turn off their rigs, halving difficulty

Most likely a combination of all of the above, exciting to see how Bitcoin and I0Coin will react to the first real change after the introduction of GPU mining

The only chain, that I'm aware of, which has experienced a reward reduction has been SolidCoin, and it happened through a code change, not through natural progression built into the system.  But the effect was an almost immediate and sustained doubling in value from what I can remember.  Actually the increased valuation effect happened even before the block reward reduction because people were preemptively pricing their coins ahead of the reduction, IIRC.

So if SC is any indication of what effect a reduction in block reward has, then it might well be worth holding onto I0Cs for another few months.

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December 13, 2011, 08:01:02 PM
 #1516

Question is, what will halving the reward do for I0Coin and for Bitcoin

In bitcoins case, mining will instantly become really unprofitable, will the relative scarcity drive up the price, will the network come to a screeching halt because miners turn off their rigs, halving difficulty

Most likely a combination of all of the above, exciting to see how Bitcoin and I0Coin will react to the first real change after the introduction of GPU mining

I anticipate network capacity will decline throughout 2012 in anticipation of the event.  For whatever reason based on anecdotal evidence there is still a significant number of miners who mine at or below cost.  It makes no sense.  They aren't helping Bitcoin but they do it anyways out of some misplaced devotion to the network.

The combination of FPGA, looming block reward cut, and months of negative cashflow will finally IMHO cause them to pull the plug (or maybe sells rigs and buy reduced but more efficient hashing power in form of FPGAs).   

It wouldn't surprise me in network capacity falls by 3TH in late 2012 even before the block reward cut.
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December 14, 2011, 03:03:05 PM
 #1517

Looks like someone just added 100GH/s to i0C.  Fork attempt maybe?

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December 14, 2011, 03:21:16 PM
 #1518

More likely a screwup with blockexplorer, happened earlier this week as well
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December 15, 2011, 05:47:29 PM
 #1519

What's going on with i0coin?  It's been stuck at the same block for the last 3 hours (according to Allchains anyway).  Is it just an Allchains display error or something?  Anybody know what the true current difficulty is?  I'm at work so I can't czech.

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December 15, 2011, 07:32:38 PM
 #1520

Block 154.746

Difficulty: 602.628

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