TwinWinNerD
Legendary
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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February 05, 2014, 09:11:56 AM |
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WTB 250.000 ALT
I pay 0.28 BTC
i will mate messaged you. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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TwinWinNerD
Legendary
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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February 05, 2014, 09:34:18 AM |
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Still want to buy 250k ALT.
PM me with offer in BTC
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unbalanced
Newbie
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Activity: 45
Merit: 0
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February 05, 2014, 06:44:29 PM |
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We're supposed to be at 512s per block based on the coin's settings, so the code will auto adjust and difficulty is going to go up by (512s/142s) = 3.61x in (2016-1840) = 176 blocks, or an estimated (176 * 142s) = 24,965s or 6.9 hours from now, if nothing else changes.
Am I even close as to how this is figured out?
Apparently I was on the right track, just a little off on the increase and a few hours off in my timing: difficulty jumped 3.8x to 62.7K about half an hour ago, based on (if I'm reading this right) an average estimated hash rate for last 2016 blocks of 449GH/s! Not too shabby for a 5-day-old coin. Does anyone know where I can see the hash rates for all the other alt coins that ATC will inevitably crush like bugs?  |
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Rival
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February 05, 2014, 06:51:16 PM
Last edit: February 05, 2014, 07:03:09 PM by Rival |
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Did the diff go up enough to increase the time between blocks significantly? They were coming way too fast and furious before.
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unbalanced
Newbie
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Activity: 45
Merit: 0
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February 05, 2014, 07:05:50 PM |
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Did the diff go up enough to increase the time between blocks significantly?
What, your wife won't climb the stairs and break out the slide rule for you once you school her in the Linux command line and grep*? Some people... The 4 blocks leading up to the change took 20m. The last 4 blocks since the change took 1h6m. Naturally there's small-sample variance here, and IANAL, but my medical opinion is that there appears to be a slowdown, yes. *Speaking of which, that's how I'm checking this. I'm ready for Lesson Four... Querying the *coind to Find Things Out. Who wants to be my Khan Academy? Or should I just install abe and have at it from the safe confines of PostgreSQL? https://github.com/bitcoin-abe/bitcoin-abe |
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MPOE-PR
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February 05, 2014, 07:13:08 PM |
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Congrats guys, thanks for posting the update. It's an hour later but I see 1 LTC is 0.02645 so 3 LTC is say 0.07935 BTC or 7,935,000 satoshi.
Divided by 100,000 ATC that's a valuation of 79 satoshi per ATC. (You must really have wanted LTC... Ladies and gentlemen, ATC is crashing! If anyone wants to panic sell, I'm here for you.
iGotSpots, are you still out there HODLING, or did MPOE-PR get to you first?
Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace! |
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unbalanced
Newbie
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Activity: 45
Merit: 0
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February 05, 2014, 07:26:27 PM |
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Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace!
Ladies first. I'll revise my standing offer to all y'all to the same, 125 satoshi per ATC for whatever you have left after you sell to MPOE-PR. Hrm... what will we call fractions of an ATC? How about "altoshi"? |
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Rival
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February 05, 2014, 09:00:59 PM |
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Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace!
Ladies first. I'll revise my standing offer to all y'all to the same, 125 satoshi per ATC for whatever you have left after you sell to MPOE-PR. Hrm... what will we call fractions of an ATC? How about "altoshi"? Altoids. |
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ThickAsThieves (OP)
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February 05, 2014, 09:09:16 PM |
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Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace!
Ladies first. I'll revise my standing offer to all y'all to the same, 125 satoshi per ATC for whatever you have left after you sell to MPOE-PR. Hrm... what will we call fractions of an ATC? How about "altoshi"? Altoids. Paradimes? |
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ZephramC
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February 05, 2014, 09:49:58 PM |
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Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace!
Ladies first. I'll revise my standing offer to all y'all to the same, 125 satoshi per ATC for whatever you have left after you sell to MPOE-PR. Hrm... what will we call fractions of an ATC? How about "altoshi"? Altoids. Altinos? Altons? |
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MPOE-PR
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February 05, 2014, 11:06:35 PM |
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Altinos?
Altons?
Logically, altcoins. Because each part of an altcoin is equal to the whole. |
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HunterS
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February 06, 2014, 08:55:21 AM |
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i got 1.6 mil to sell
i have been offered 2.08 BTC
but he has gone to bed lol
must be late in canada
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ThickAsThieves (OP)
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February 06, 2014, 02:12:32 PM |
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ALTCOIN UPDATE 2-6-14Altcoin has been growing steadily since launch; it's destiny taking shape ... it's sentience taking form. Mining difficulty has increased modestly, impromptu trading has begun for both currencies and commodities. Altcoin's omnipresence is evolving nicely. In it's growth, Altcoin has begun emitting questions into the aether, asking, " What am I made of? Where will I go?" We already know the answers. Altcoin is here to eradicate all malfeasant cryptocurrencies. Every scamcoin, shillcoin, terroristcoin, mafiacoin, memecoin, and derpcoin left to shiver in the shadows of the Altcoininati. Altcoin is a vigilante in a war of mimicry and apathy. It poisons the well with nourishment. "E quando você quer alguma coisa, todo o Universo conspira para que você realize seu desejo." ~ Coelho (Translated: When you want something, all the Universe conspires in helping you to achieve it.) Altcoin is a soldier, the Universe its army. Are you an observer, or an actor? The answer surrounds you and is inside you. It is the very air you breathe. Is Altcoin centrifugal or gravitational? A celestial body is both. Perpetual conflict and perpetual harmony. Fight the fight, sing the song.
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unbalanced
Newbie
Offline
Activity: 45
Merit: 0
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February 06, 2014, 02:15:39 PM |
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must be late in canada
Yes it sure was... why can't we all just agree to live in one time zone and leave the rest of the planet to the more charismatic megafauna? Anyway, we're both awake now and This Is Happening. It's turned into Lesson Four: How Confirmations Work. We're doing it in 4 quarters, and I went first. So I'm sitting there staring at the wallet software on one screen, wondering (like any *coin noob) why the transaction doesn't even have a single confirmation yet. It's been like 5 minutes, WTF? Is it a double spend? Did all the miners go away? Who is this HunterS anyway? That was a lot of money for a joke coin with no source code, you dipstick... You know, classic "Oh crap" panic after sending out BTC and waiting for the whole counterparty risk bit to be over with. Meanwhile I have bfgminer running on the other screen, and nothing much happening there. New blocks have slowed way down since the diff change (because that's the whole point of a diff change). And somewhere in my lizard brain there's that panic moment, that something's wrong, blocks are too slow AND confirmations are too slow, what are the odds of that happening at the same-- DING! Bfgminer shows a new block discovered on the network at the exact same moment as the wallet software shows its first confirmation. (Insert Sudden Clarity Clarence meme image here.) Of course I know how blocks and confirmations work, whatamistupid? I've read it plenty of times. I've bought/sold/traded plenty. But seeing the stuff I take for granted in Bitcoin happen on a small chain right in front of me... priceless. Every Comp Sci professor who wants to teach how cryptocurrencies work should start an alt for their class, have them all set up with wallets and mining software and watch it run for the whole semester. And you don't need a Comp Sci professor to do it. Just download altcoin! |
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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February 06, 2014, 02:23:52 PM |
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i got 1.6 mil to sell
i have been offered 2.08 BTC
but he has gone to bed lol
must be late in canada
130 Satoshi / ATC |
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HunterS
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February 06, 2014, 02:31:12 PM |
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i got 1.6 mil to sell
i have been offered 2.08 BTC
but he has gone to bed lol
must be late in canada
130 Satoshi / ATC sold to the guy above bro i got 1 mill left im keeping them |
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HunterS
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February 06, 2014, 02:34:24 PM |
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well i found 1 block about 20 minutes ago unbalanced lol  |
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HunterS
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February 06, 2014, 02:35:25 PM |
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well i found 1 block about 20 minutes ago unbalanced lol woot another confirm lol |
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Chris_Sabian
Legendary
Offline
Activity: 896
Merit: 1001
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February 06, 2014, 02:38:25 PM |
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i got 1.6 mil to sell
i have been offered 2.08 BTC
but he has gone to bed lol
must be late in canada
130 Satoshi / ATC sold to the guy above bro i got 1 mill left im keeping them That wasn't a bid. I was just showing the price at the moment. |
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unbalanced
Newbie
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Activity: 45
Merit: 0
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February 06, 2014, 02:46:46 PM |
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Meanwhile my bid at 125 satoshi per up to 500k sits unfilled. This is a most disorderly marketplace!
MPOE-PR, I have not forgotten you! I'll sell you 500K of my new hoard for your 125 bid, send me an ATC address and I'll go first (once my confirmations are all in and I've finished paying HunterS). If you can do 130 satoshis to avoid setting the entire ATC economy back by 5 satoshis, I'd be much obliged. But up to you. Given how hard it is to mine new ATC for the next two weeks at least, I hope I won't be selling this low again. Except for tonight's pizza buy, of course. |
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