[ANNOUNCE] New alternate cryptocurrency - Geist Geld

[smoothie]

I dunno.  With the average block shorter than 225mh/s can get any work in, it's going to exclude a lot of smaller machines.

I have another card on the way, even then i think I'll stll be at 50/50 reject.


(unless my experience was just a bug)

I did a test run with 2950Mhahs/s and I had 5 accepted / 80 rejected on average, even with CGMiner
But with low difficulty, it's normal I think.

Someone just create 20,000 blocks in less than an hour. The first 20,000 took over 48 hours.

Difficulty is 0.06. Exploit has not been fixed.

At this rate the chain may as well restart because if an exchange opens 1 person will have 95% of the coins which makes no sense.

[johnj]

I dunno.  With the average block shorter than 225mh/s can get any work in, it's going to exclude a lot of smaller machines.

I have another card on the way, even then i think I'll stll be at 50/50 reject.


(unless my experience was just a bug)

I did a test run with 2950Mhahs/s and I had 5 accepted / 80 rejected on average, even with CGMiner
But with low difficulty, it's normal I think.

If my card can only do (on average) 1 share every 20s, and the blocks are 15s, I don't see how higher difficulty blocks would matter, since the block time is still less than my average work time.

[smoothie]

I dunno.  With the average block shorter than 225mh/s can get any work in, it's going to exclude a lot of smaller machines.

I have another card on the way, even then i think I'll stll be at 50/50 reject.


(unless my experience was just a bug)

I did a test run with 2950Mhahs/s and I had 5 accepted / 80 rejected on average, even with CGMiner
But with low difficulty, it's normal I think.

Someone just create 20,000 blocks in less than an hour. The first 20,000 took over 48 hours.

Difficulty is 0.06. Exploit has not been fixed.

At this rate the chain may as well restart because if an exchange opens 1 person will have 95% of the coins which makes no sense.

That would be me !  

LOL you just made this chain pointless. Restart?

[the joint]

Would someone please care to share with me what the hell I'm supposed to do?

So, I downloaded the windows bundle.  Opened the "read me immediately" file and changed name and password in the bitcoin.conf file.

Right now, my geistgeld daemon is going bananas.  I assume it's downloading the block chain?  Been giving me thousands of lines of text for several minutes now, so I assumed that's what it was doing.

So, how exactly do I start mining with GUIminer?  What should I put in the 'host' text box, and for 'port' ?  I also don't exactly get where my coins would show up.

Sorry for my ignorance, but I've only been running GUIminer with Bitcoin  (and a little bit of SolidCoin) since June and never tried the other miners.

[gw4tt]

you have to change the source, compile, then start mining.

[kjlimo]

Anyone setting up a mining pool for this yet?  I haven't mined solo yet, but like alternate cryptocurrencies.  I own some of them all and was really promoting Solidcoin until... well you know...

I'm intrigued with all of the new features your starting with Giest Geld.

[Lolcust]

I dunno.  With the average block shorter than 225mh/s can get any work in, it's going to exclude a lot of smaller machines.

I have another card on the way, even then i think I'll stll be at 50/50 reject.


(unless my experience was just a bug)

I did a test run with 2950Mhahs/s and I had 5 accepted / 80 rejected on average, even with CGMiner
But with low difficulty, it's normal I think.

Someone just create 20,000 blocks in less than an hour. The first 20,000 took over 48 hours.

Difficulty is 0.06. Exploit has not been fixed.

At this rate the chain may as well restart because if an exchange opens 1 person will have 95% of the coins which makes no sense.

That would be me !  

Hey dude, are you using creative timestampting or some thing like that ?

[Lolcust]

I have a... lingering suspicion that we have a case of "51 attack" here.

BitcoinEXpress is that so ?

[Lolcust]

I dunno.  With the average block shorter than 225mh/s can get any work in, it's going to exclude a lot of smaller machines.

I have another card on the way, even then i think I'll stll be at 50/50 reject.


(unless my experience was just a bug)

I did a test run with 2950Mhahs/s and I had 5 accepted / 80 rejected on average, even with CGMiner
But with low difficulty, it's normal I think.

Someone just create 20,000 blocks in less than an hour. The first 20,000 took over 48 hours.

Difficulty is 0.06. Exploit has not been fixed.

At this rate the chain may as well restart because if an exchange opens 1 person will have 95% of the coins which makes no sense.

Given that the upper limit on maximum number of Geists is above hundred billions, and that I  pre-mined meself quite a bunch (primarily due to my desire to start a laundry with "squeaky clean coins" should GG persevere) I am reluctant to do a restart.

Investigation is in progress, I am standing by for feedback as to possible causes from upstanding members (I am reasonably certain that the limit on accept window is 10 in the latest release, but if someone has 51% of the net he can set whatever accept he wishes - and whatever anything else for that matter)

I would be very grateful if BitcoinEXpress commented on current state of affairs in a constructive manner.

[phelix]

could someone sum up the features of this fork?

[Lolcust]

could someone sum up the features of this fork?

1) Dangerously fast blocks

2) Escrow implemented

3) nonstandard tx enabled

4) Upcoming (hopefully soon) message signing

5) general intent to be experimental and feature-rich [I really hope some coderfolk would hop in so more awesome tweaks and tricks can be rolled out. I especially want some more robust anti-time-trickery tweaks towards which I have been pointed and the "hidden transfer" script implementation)

[jtimon]

the "hidden transfer" script implementation

Where can I read about this?

[Lolcust]

the "hidden transfer" script implementation

Where can I read about this?

https://en.bitcoin.it/wiki/Script

"Hidden recipient address

With this script by Gavin, the address of the recipient is encrypted until after the output is claimed. "randomNumber" must be known by both the sender and the recipient. "

Cool or wicked cool ?

I'd just love to get this stuff into Geist for it to be there... the street will, I believe, find a use for this thing...

[Gavin Andresen]

RE: hidden recipient address:

I dug deeper into the Script OPs when working on the multisig proposal, and OP_ADD can't add bignums, so the 'hidden recipient' script won't work.

A simpler version would, though; I'll update the wiki.

[Lolcust]

Awww, that's sad.

I wonder what the simpler version can do, though...

[CosicMiner]

Please dont reset! I have so many coins mined now lol
I have been mining like crazy the whole weekend.
I suggest bitcoinexpress do the right thing and donate the 20000 blocks to bounties?  

[MaGNeT]

Please dont reset! I have so many coins mined now lol
I have been mining like crazy the whole weekend.
I suggest bitcoinexpress do the right thing and donate the 20000 blocks to bounties?  

I mined 15,000 but I think a restart would be better for the chain...

[Lolcust]

Please dont reset! I have so many coins mined now lol
I have been mining like crazy the whole weekend.
I suggest bitcoinexpress do the right thing and donate the 20000 blocks to bounties?  

Guys, guys, I made a different thread to handle the reset discussion for a reason, and that reason is that I would rather keep this thread for suggestions (and discussion) of future geist parameters / technical discussion / improvement suggestions/ general support and stuff like that.

If you have something to say about why the idea of a reset rocks (or suxx) please do so here. Pretty please ?

[CosicMiner]

sorry Lolcust! Didnt see the new thread!

[makomk]

3. Got a cross-platform way to determine if the system we're running on has a running and working ntpd? Does windows even have real NTP support? iirc even W7 only has a SNTP daemon to periodically sync ala ntpdate-from-cronjob.

On Linux and other systems that use the standard ISC ntpd (which ought to include Mac OS X too), you should be able to send a query packet to the local ntpd in the same way that the ntpq command does. I believe the format of this packet is even documented somewhere.