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Author Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools  (Read 80046 times)
CoinHunter
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August 23, 2011, 10:27:20 AM
 #241

You're welcome. Although I think that the price of solid coins will not go far. Now see, the fact that difficulty can adjust downwards 400% in twelve hours says that in 48 hours of down time the network can adjust 25,600% downwards making mining easy yes. But what does this do to the supply of solidcoins over the short term?

The amount of solid coins is destined to be over supplied and the maximum will likely be reached waay before 2022. Time will tell. Grin


Actually that's wrong, I addressed the thread you created on that. I'm sorry that you could have made more BTC if you waited but not everyone can win.

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August 23, 2011, 10:35:01 AM
 #242

Quote
How does SolidCoin differ from Bitcoin?
  • Faster transaction processing
  • Protection against pump-n-dump by large pools
  • Twice daily difficulty retargets
  • 3 minute blocks, 32 SolidCoins per block
  • Maximum coin generation of 18.9 million (18900000) to be reached by ~2022
  • Fixed transactions fees instead of unknown variable fees in BTC
  • Interface improvements
  • JSON API improvements
  • Different address format
   


What did I miss in the retargeting of difficulty?

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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August 23, 2011, 10:37:27 AM
 #243

You're welcome. Although I think that the price of solid coins will not go far. Now see, the fact that difficulty can adjust downwards 400% in twelve hours says that in 48 hours of down time the network can adjust 25,600% downwards making mining easy yes. But what does this do to the supply of solidcoins over the short term?

The amount of solid coins is destined to be over supplied and the maximum will likely be reached waay before 2022. Time will tell. Grin


Actually that's wrong, I addressed the thread you created on that. I'm sorry that you could have made more BTC if you waited but not everyone can win.

LOL I've already won.

12 hours of mining = 32 BTC
24 hours of mining ixcoins = 222 BTC

I'd say I'm one of the few winners.  Cheesy

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
CoinHunter
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August 23, 2011, 10:39:17 AM
 #244

LOL I've already won.

12 hours of mining = 32 BTC
24 hours of mining ixcoins = 222 BTC

I'd say I'm one of the few winners.  Cheesy

Yes you beat a few BTC miners, but you haven't beat the people who have held SolidCoin. You haven't "won" when you only beat half the competitors in a race, right?

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August 23, 2011, 10:45:19 AM
 #245

LOL I've already won.

12 hours of mining = 32 BTC
24 hours of mining ixcoins = 222 BTC

I'd say I'm one of the few winners.  Cheesy

Yes you beat a few BTC miners, but you haven't beat the people who have held SolidCoin. You haven't "won" when you only beat half the competitors in a race, right?

A few BTC miners?

How about all of them. How many of them do you know made 16 to 200 times the amount of BTC in a single day?

Also I've "won" when I believe I've made out good. So that's a matter of opinion buddy.

 Grin

███████████████████████████████████████

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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
CoinHunter
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August 23, 2011, 10:47:52 AM
 #246

A few BTC miners?

How about all of them. How many of them do you know made 16 to 200 times the amount of BTC in a single day?

Also I've "won" when I believe I've made out good. So that's a matter of opinion buddy.

Hehe ok, I know they are big on merit badges these days. So good win there! Smiley

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August 23, 2011, 10:50:16 AM
 #247

A few BTC miners?

How about all of them. How many of them do you know made 16 to 200 times the amount of BTC in a single day?

Also I've "won" when I believe I've made out good. So that's a matter of opinion buddy.

Hehe ok, I know they are big on merit badges these days. So good win there! Smiley

Thanks! And hey good job on creating a block chain that at least has some decent changes, although I still have my reservations based purely on miner history.


GOOD JOB! Grin

███████████████████████████████████████

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        ,p████████████████████N,       
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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August 23, 2011, 11:03:51 AM
 #248

@ coinhunter

Made my claim above

CoinHunter
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August 23, 2011, 11:31:49 AM
 #249

@ coinhunter

Made my claim above

The site isn't connecting for me, however others have said it shouldn't qualify for the bounty because it looks like it doesn't offer a service many people want?

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August 23, 2011, 11:41:12 AM
 #250

http://solidcoin.info/bounties.php has been updated. All of the 100 SC promotion bounties are now gone, I'm sorry for the 10 or so who missed that.

However "noagendamarket" has stepped up and offered 1000 SC to be used on 20 promotion bounties at 50 SC. So I'm going to assume those who missed out want that and start processing them.
I'm linked on the bounty page but never received one, did I slip trough the crack?

Sappers clear the way
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August 23, 2011, 12:04:46 PM
 #251

http://solidcoin.info/bounties.php has been updated. All of the 100 SC promotion bounties are now gone, I'm sorry for the 10 or so who missed that.

However "noagendamarket" has stepped up and offered 1000 SC to be used on 20 promotion bounties at 50 SC. So I'm going to assume those who missed out want that and start processing them.
I'm linked on the bounty page but never received one, did I slip trough the crack?

I believe I posted somewhere in here that your address was invalid. Want to create a new one or fix the issue in the one you gave? I've reserved that 100 SC slot for you.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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August 23, 2011, 02:17:35 PM
 #252

Hmm. It took almost 48 hours to get 50 instead of 100 for my claim (which, when made, still had 13 claims left on the category), so I think that proves this fork is ran by amateurs and their whims... (I won't say "scammers". YET...)
Anyway.. cashing out... was fun. NOT.

Why the frell so many retards spell "ect" as an abbreviation of "Et Cetera"? "ETC", DAMMIT! http://en.wikipedia.org/wiki/Et_cetera

Host:/# rm -rf /var/forum/trolls
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August 23, 2011, 02:30:24 PM
 #253

Is this evaluation ok?
Does it have no correlation with about 32SC ~ 3min and 50BTC ~ 10min ?
Target time/block doesn't enter this calculation (it only affects what difficulty a network will end up at at a given hashrate).
Just block reward (thats where the 32 and 50 come from), difficulty and exchange rate.
another way to put per-block reward, difficulty and exchange rate together:

1 share on BTC gets you about 50/1806098 BTC = 0.000027684 btc/share
1 share on SC at a exchage rate of 0.0017btc/sc gets you ... 32/2703*0.0017 BTC = 0.000020126 btc/share
0.000020126 / 0.000027684 = 0.726990319 -> you're making about 27.3% less mining SC and selling em than mining BTC.
now... what exchange rate do we need to come out even?

50/1806098 = 32/2703*X
or...
X = (50 / 1806098) / (32 / 2703)
X = 0.002338432
you can also swap things around to suit you
X = (2703 / 32) / (1806098 / 50)
X = 2703 / 1806098 * 50 / 32
or replace the * 50 / 32 with * 1.5625
X = 1.5625 * 2703 / 1806098
... and it's still
X = 0.002338432
Wonders of arithmetic!


At the current sc diff of 3080, the break even exchange rate is 0.002664584

Interestingly, that's just about where the bitparking exchange most recent trades are happening.  If the exchange rate continues to track the breakeven exchange rate (at least some of the traders must be doing this calculation, it seems unlikely to be coincidence), sc value will go up relative to btc if their respective difficulties continue to trend as they have (sc up, btc down).

The exchange rate is up in excess of 50% since last night, and it wouldn't suprise me if the trend continues, at least in the short term.  With miners redirecting to sc and the high frequency of the difficulty adjustment, it could change rapidly.

Long term ( you know, like a week  Wink ) obviously sc will need to be more widely adopted to continue to track btc in terms of valuation based on difficulty.

Or not.

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August 23, 2011, 02:35:14 PM
 #254

Hmm. It took almost 48 hours to get 50 instead of 100 for my claim (which, when made, still had 13 claims left on the category), so I think that proves this fork is ran by amateurs and their whims... (I won't say "scammers". YET...)
Anyway.. cashing out... was fun. NOT.

Yes except I was getting bounty requests through PM, the forum and on IRC, so as to the order they were processed it was pretty nearly in linear relationship to receiving them. Just because there were 13 left on the site by the time you did it doesn't mean I didn't have 15-20 people already queued to receive them.

But geez, you can't please everyone eh.

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August 23, 2011, 02:52:42 PM
 #255

http://solidcoin.info/bounties.php has been updated. All of the 100 SC promotion bounties are now gone, I'm sorry for the 10 or so who missed that.

However "noagendamarket" has stepped up and offered 1000 SC to be used on 20 promotion bounties at 50 SC. So I'm going to assume those who missed out want that and start processing them.
I'm linked on the bounty page but never received one, did I slip trough the crack?

I believe I posted somewhere in here that your address was invalid. Want to create a new one or fix the issue in the one you gave? I've reserved that 100 SC slot for you.

Original Link - http://twitter.com/#!/EdwinEngineer - Broad overview
More specific Link - http://twitter.com/#!/EdwinEngineer/status/105398877322100736 - Specific tweet numero 1.

Sappers clear the way
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August 23, 2011, 07:05:28 PM
 #256

I made a hashrate / difficulty chart:

   http://solidcoin.kicks-ass.org/graphs/graphs.html

I will add more graphs (e.g. "amount of coins mined" and if I can get to the data "exchange rate" and maybe "coin age"), but since RealSolid said it would probably qualify for the "Assorted Graphs" bounty, I'm publishing now (was beaten before by 20 minutes on the "First Block Explorer" bounty).

If it does qualify for the bounty, it can be payed to the donation address given on the page.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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August 23, 2011, 07:09:18 PM
 #257

twitter bounty:
http://twitter.com/#!/seofriends/status/105678381936414720

sZQqUWkatYrgnbzmrWaRJLdvkcEfwcRVeX

hey, this was too late for 100 SC bounty but I hope it will get 50 SC twitter/post bounty.

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August 23, 2011, 09:33:36 PM
 #258

What's the current difficulty?  The exchange rates are through the roof right now!  Maybe I should mine SC instead Smiley

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August 23, 2011, 09:56:54 PM
 #259

nmc@nmcpc:~$ ./solidcoind getinfo
    "difficulty" : 3121.94150678,

If my post has been useful, you might want to donate: 1V7zr2jmQQXS5gv2kKNpUkgG6qmDffTZp
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August 23, 2011, 11:55:29 PM
 #260

http://solidcoin.info/bounties.php has been updated. All of the 100 SC promotion bounties are now gone, I'm sorry for the 10 or so who missed that.

However "noagendamarket" has stepped up and offered 1000 SC to be used on 20 promotion bounties at 50 SC. So I'm going to assume those who missed out want that and start processing them.
I'm linked on the bounty page but never received one, did I slip trough the crack?

I believe I posted somewhere in here that your address was invalid. Want to create a new one or fix the issue in the one you gave? I've reserved that 100 SC slot for you.

Original Link - http://twitter.com/#!/EdwinEngineer - Broad overview
More specific Link - http://twitter.com/#!/EdwinEngineer/status/105398877322100736 - Specific tweet numero 1.

No I meant the SolidCoin address you gave I couldn't send to, so if you could take a look at that I could finally send you the 100 SC! Smiley

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