ARE YOU MINING GG?

[Lolcust]

I guess at this point we need to establish how you define "inflation" because, well, whether GeistGeld really "has" any inflation depends on said definition - technically it does have steady, fixed increase in money supply, with money supply increasing by 7 units every 15 seconds.

However, the term "inflation" usually  relates to prices, and not size of money supply proper (you can have your money supply increase by a factor of "x" every time period "t" and still at some point in time, get a drop in prices across the board due to a whole variety of reasons)

  we should likely start a Geist thread in Economics forum

[1713502420]

1713502420

[1713502420]

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[phelix]

After some consideration I decided that mining a concurrency with no inflation limit isn't worth the hassle. [...]

+1

[Spacy]

After some consideration I decided that mining a concurrency with no inflation limit isn't worth the hassle. [...]

+1

+1

[Lolcust]

Hey spacey, I heard Solidcoin2.0 will not have an upper limit on coin amount as well, just cosmetic drop downs in output rate. Is that so ?

[Spacy]

Hey spacey, I heard Solidcoin2.0 will not have an upper limit on coin amount as well, just cosmetic drop downs in output rate. Is that so ?

Don't know, they are discussing about how reducing the number of coins generated each block after a fix amount of time... If that never goes to 0, you are right, after an infinite amount of time there would exists infinite coins ;-)

[Lolcust]

Hey spacey, I heard Solidcoin2.0 will not have an upper limit on coin amount as well, just cosmetic drop downs in output rate. Is that so ?

Don't know, they are discussing about how reducing the number of coins generated each block after a fix amount of time... If that never goes to 0, you are right, after an infinite amount of time there would exists infinite coins ;-)

As far as I know, you can't "have" infinite coins in  a blockchain with current code (you can have about 130-something billions  however).

Also, if subsidy is allowed to fall below some (very small, for the purpose of this discussion) fraction of a coin, it's functionally as attractive as no coins to the miner even if the miner does see it (unless the price in USD soars absurdly high  )

So either SC 2.0 will be quasi-inflationary, as Geist (Quasi because you know, growth of amount of money is not equivalent to inflation proper, and, as a matter of fact, throughout history the amount of gold physically available to mankind has only grown and will continue to grow for quite some time, despite apparent presence of a hard theoretical limit to physical gold extraction on a given planet) or it will be quasi-deflationary as Bitcoin (bitcoin, due to theoretically infinite divisibility of a coin, and above considerations as to what inflation "really" is, isn't properly deflationary in the "vanilla" sense)

[worldinacoin]

I am tring to mine but my Microsoft Essential detects it as malware   Also even after ignoring it, I am not sure how to run it, anymore concise details?

[Cosbycoin]

I am tring to mine but my Microsoft Essential detects it as malware   Also even after ignoring it, I am not sure how to run it, anymore concise details?

Uninstall Microsoft Essential.

[zillagod]

I've had one 5830 mining for about a day now.

[Lolcust]

I am tring to mine but my Microsoft Essential detects it as malware   Also even after ignoring it, I am not sure how to run it, anymore concise details?

MEss is like that.

It hates everything with mining code  that isn't explicitly whitelisted, it seems.

Given that you're on 'doze, I suggest you download the portable bundle, run it, then set up guiminer to target port 8777 (given that you mine locally, you can just leave default username and password, which are, well, username and password respectively)

[worldinacoin]

I am trying to mine, but even with the portable version, I keep getting

No valid UPnP IGDs found

Anything I am missing out?

[Lolcust]

I am trying to mine, but even with the portable version, I keep getting

No valid UPnP IGDs found

Anything I am missing out?

Type getinfo in the control tab

Post output here.

What it's saying right now is that it has not found any devices it could configure with UPnP. That can mean either that 1) there's nothing to configure and you are connected or 2) that you will have to open port 7769 manually on your system, which depends heavily on what your setup is like and whether your ISP is among assholes who provide "free firewall service"

[worldinacoin]

error: specific directory does not exist
press any key to continue

[worldinacoin]

Looks like I am mining as the error msg at guiminer disappeared and I am connected to Port 8777, but how do I know I am mining GG?

[caston]

I tried mining it for about a hour or two with cgminer on linux and got all rejects so I gave up.

[Lolcust]

Looks like I am mining as the error msg at guiminer disappeared and I am connected to Port 8777, but how do I know I am mining GG?

How many kilohashes per second does guiminer report ?

I tried mining it for about a hour or two with cgminer on linux and got all rejects so I gave up.

What cgminer options did you pass ?

[worldinacoin]

I am on a Nvidia it is running at about 3Mhashes per second

[Lolcust]

Ow, dude, it will take you a long time to find a block.

[manrus]

Why is cgminer 100% rejected?

[worldinacoin]

Just testing out for the fun of it.  Will try it on my 6770 computer when I know how to run it properly

Ow, dude, it will take you a long time to find a block.