[ANN] [BTQ] BitQuark | Super secure hashing | CPU mining

[DannyTom]

If anyone is suffering from a lot of small coin amounts, like when getting them from p2p pools mining and getting "Transaction too large" when trying to send coins, I finally found the answer. From source code:

Code:

/** The maximum allowed size for a serialized block, in bytes (network rule) */
static const unsigned int MAX_BLOCK_SIZE = 1000000;
/** The maximum size for mined blocks */
static const unsigned int MAX_BLOCK_SIZE_GEN = MAX_BLOCK_SIZE/2;
/** The maximum size for transactions we're willing to relay/mine */
static const unsigned int MAX_STANDARD_TX_SIZE = MAX_BLOCK_SIZE_GEN/5;

// BitQuark: Added safety margin 4000 bytes and 160 transactions
if ((nBytes + 4000 >= MAX_STANDARD_TX_SIZE) || (wtxNew.vin.size() >= 160))
{
  strFailReason = _("Transaction too large");
  return false;
}

So, transaction size limit is 100000 bytes or 159 inputs from coin control, whichever comes first. I verified, it works with 159 inputs, but not with 160 and 161.

Just an FYI to noobs or non-technical people, because that's what I am, if you P2P pool, every day or so consolidate your transactions in coin control.  Send them to yourself at a different wallet address.

When you have like 40,000 dust transactions, the wallet becomes slow as hell.  Sometimes it's better to just empty your wallet into another one.

[BitQuark]

Partly. Primary goal should be technical innovations. When you have that, the exchanges will be begging to add BTQ. I have read a post from BTQ the other day and I really liked the idea with the detachment from the fiat currency. Right now most people are thinking how much fiat money are they going to get from altcoins. It should be, what can I buy with them. And like I said earlier the wallet should be the heart of everything. Why not build a store into the wallet? Every wallet owner can be a buyer and a seller. Right now I am selling cryptos for fiat and buying pcie risers. Why am I still doing that? I want to buy some risers in a ecosystem that accepts BTQ's and not go through 3 exchanges and loose xxx% for fees to buy a riser. We could at least try it as a simple prototype. I'm sure BTQ will get much more attention from it than a dozen exchanges. Damn I wish I was coding in something else than matlab and texas nspire...
Also BTQ looks the most promising coin from the quark gang so I would hate to see it just drift away.

Just my 2 fiat cents.

How many BTQ's are you willing to pay for each PCIe riser?

[mordecai779]

Partly. Primary goal should be technical innovations. When you have that, the exchanges will be begging to add BTQ. I have read a post from BTQ the other day and I really liked the idea with the detachment from the fiat currency. Right now most people are thinking how much fiat money are they going to get from altcoins. It should be, what can I buy with them. And like I said earlier the wallet should be the heart of everything. Why not build a store into the wallet? Every wallet owner can be a buyer and a seller. Right now I am selling cryptos for fiat and buying pcie risers. Why am I still doing that? I want to buy some risers in a ecosystem that accepts BTQ's and not go through 3 exchanges and loose xxx% for fees to buy a riser. We could at least try it as a simple prototype. I'm sure BTQ will get much more attention from it than a dozen exchanges. Damn I wish I was coding in something else than matlab and texas nspire...
Also BTQ looks the most promising coin from the quark gang so I would hate to see it just drift away.

Just my 2 fiat cents.

How many BTQ's are you willing to pay for each PCIe riser?

Hmmm, I'm not sure but I would say around 200-300. I can get one from China for around 3-5 pounds with shipment. But I'm looking at those with the  USB 3 cables. Are you from Europe BTQ?

[BitQuark]

Partly. Primary goal should be technical innovations. When you have that, the exchanges will be begging to add BTQ. I have read a post from BTQ the other day and I really liked the idea with the detachment from the fiat currency. Right now most people are thinking how much fiat money are they going to get from altcoins. It should be, what can I buy with them. And like I said earlier the wallet should be the heart of everything. Why not build a store into the wallet? Every wallet owner can be a buyer and a seller. Right now I am selling cryptos for fiat and buying pcie risers. Why am I still doing that? I want to buy some risers in a ecosystem that accepts BTQ's and not go through 3 exchanges and loose xxx% for fees to buy a riser. We could at least try it as a simple prototype. I'm sure BTQ will get much more attention from it than a dozen exchanges. Damn I wish I was coding in something else than matlab and texas nspire...
Also BTQ looks the most promising coin from the quark gang so I would hate to see it just drift away.

Just my 2 fiat cents.

How many BTQ's are you willing to pay for each PCIe riser?

Hmmm, I'm not sure but I would say around 200-300. I can get one from China for around 3-5 pounds with shipment. But I'm looking at those with the  USB 3 cables. Are you from Europe BTQ?

I'm from North Carolina USA.
Are you talking about the PCI-E Express 1x to 16x Riser Card with USB 3.0 Cable Extender IDE Powered?? And how many are you looking to buy?

[mordecai779]

Partly. Primary goal should be technical innovations. When you have that, the exchanges will be begging to add BTQ. I have read a post from BTQ the other day and I really liked the idea with the detachment from the fiat currency. Right now most people are thinking how much fiat money are they going to get from altcoins. It should be, what can I buy with them. And like I said earlier the wallet should be the heart of everything. Why not build a store into the wallet? Every wallet owner can be a buyer and a seller. Right now I am selling cryptos for fiat and buying pcie risers. Why am I still doing that? I want to buy some risers in a ecosystem that accepts BTQ's and not go through 3 exchanges and loose xxx% for fees to buy a riser. We could at least try it as a simple prototype. I'm sure BTQ will get much more attention from it than a dozen exchanges. Damn I wish I was coding in something else than matlab and texas nspire...
Also BTQ looks the most promising coin from the quark gang so I would hate to see it just drift away.

Just my 2 fiat cents.

How many BTQ's are you willing to pay for each PCIe riser?

Hmmm, I'm not sure but I would say around 200-300. I can get one from China for around 3-5 pounds with shipment. But I'm looking at those with the  USB 3 cables. Are you from Europe BTQ?

I'm from North Carolina USA.
Are you talking about the PCI-E Express 1x to 16x Riser Card with USB 3.0 Cable Extender IDE Powered?? And how many are you looking to buy?

Yes, the 1x to 16 powered ones. But even the non USb cable ones would suffice. You're kinda out of luck. I've ordered some last week. But for the sake of BTQ I would buy a couple. But I think you were thinking more like dozens?  I don't have a farm or anything like it. Maybe at the end of the year

[BitQuark]

Partly. Primary goal should be technical innovations. When you have that, the exchanges will be begging to add BTQ. I have read a post from BTQ the other day and I really liked the idea with the detachment from the fiat currency. Right now most people are thinking how much fiat money are they going to get from altcoins. It should be, what can I buy with them. And like I said earlier the wallet should be the heart of everything. Why not build a store into the wallet? Every wallet owner can be a buyer and a seller. Right now I am selling cryptos for fiat and buying pcie risers. Why am I still doing that? I want to buy some risers in a ecosystem that accepts BTQ's and not go through 3 exchanges and loose xxx% for fees to buy a riser. We could at least try it as a simple prototype. I'm sure BTQ will get much more attention from it than a dozen exchanges. Damn I wish I was coding in something else than matlab and texas nspire...
Also BTQ looks the most promising coin from the quark gang so I would hate to see it just drift away.

Just my 2 fiat cents.

How many BTQ's are you willing to pay for each PCIe riser?

Hmmm, I'm not sure but I would say around 200-300. I can get one from China for around 3-5 pounds with shipment. But I'm looking at those with the  USB 3 cables. Are you from Europe BTQ?

I'm from North Carolina USA.
Are you talking about the PCI-E Express 1x to 16x Riser Card with USB 3.0 Cable Extender IDE Powered?? And how many are you looking to buy?

Yes, the 1x to 16 powered ones. But even the non USb cable ones would suffice. You're kinda out of luck. I've ordered some last week. But for the sake of BTQ I would buy a couple. But I think you were thinking more like dozens?  I don't have a farm or anything like it. Maybe at the end of the year

I'm thinking about buying a batch of them and I'll have some extra's that I'm thinking about selling for BTQ's

[DannyTom]

EuropEX.eu is delisting BTQ?

Odd since they're keeping FRQ which has been dead for months.

Guess we didn't have enough trade volume.  Anyway, I managed to score some cheap today, only 0.00000050 BTC per BTQ from there.

[BitQuark]

EuropEX.eu is delisting BTQ?

Odd since they're keeping FRQ which has been dead for months.

Guess we didn't have enough trade volume.  Anyway, I managed to score some cheap today, only 0.00000050 BTC per BTQ from there.

Yea most of the volume has been on C-Cex and a little on QEX's exchange.

[techsolution]

hi,
i am wholeseller of ex-lease servers, network and all kind it of networking it, can sell for bitquark, just let me know what u need, we have ex-lease and new equipment

we can only sho in eu

available equipment is priced in PLN currency 1pln is 1/3usd

all with 12months warranty, 30% rabate if pay in btq

lists of equipment:

http://allegro.pl/listing/user/listing.php?us_id=24365254

and

http://allegro.pl/listing/user/listing.php?us_id=13819542

if u need translation or any help with items please feel free to ask, small items we can send worldwide, up to 10kg, bigger only european union

we have more equipment not listed worth over 3 millions usd

[u5sos]

I want radeon x9 270x for 700 btq) I have no more)

who will offer?

[DannyTom]

Any local BTQ owners in need of a kayak?

http://miami.craigslist.org/brw/bar/4519979694.html

[u5sos]

I want radeon x9 270x for 700 btq) I have no more)

who will offer?

Ok, for 800 btq 

[mordecai779]

I want radeon x9 270x for 700 btq) I have no more)

who will offer?

Ok, for 800 btq 

I don't think you will get a 270x for 800BTQ. But then again, how do we define BTQ a standard value?

[BitQuark]

I don't think you will get a 270x for 800BTQ. But then again, how do we define BTQ a standard value?

I want to workout a way to calculate the value of BTQ based on power usage to mine and difficulty of obtaining BitQuark. The harder it is to mine, the more value BTQ will hold. Even though right now the exchange value is low, it will eventually catchup to what we set BTQ's value to...much like supply and demand determines values.

[waldistons]

You might want to update pools list, I just checked:

Code:

MPOS
• https://cpu-pool.net/btq/ 48.81 MH/s 27 miners
• https://btq.obfuscode.net 7.381 MH/s 1  miner

P2P
• http://btq.ext-pool.net/ 56.93 MH/s 20 miners
• http://btq.zcoins.org:9782/static/ 3.46 MH/s 8  miners

DEAD
• p2pool.altcryptomining.com:8112
• http://btq.mine-pool.net/
• http://btq.altcryptomining.com/
• http://bit.hashrapid.com/
• http://coins.inceptioncraft.net/bitquarkcoin/mpos/
• http://btq.air-pool.net/
• http://btq.akpool.net/

"networkhashps" : 142945105

and total hashes from pools: 116581000
hashes from solomining: 26 364 105

[BitQuark]

This is the formula I've came up with so far for determining BTQ's value:

((Diff*Reward)/(Money Supply))*RewardPercentage

ex. 1 - Diff = 250 ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
((250*2.5)/(741270))*100 = $0.0843

ex. 2 - Diff = 500 ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
((500*2.5)/(741270))*100 = $0.1686

ex. 3 - Diff = 250 ; Block Reward = 2.5 ; Money Supply = 850,000 ; Block Reward % = 100%
((250*2.5)/(850000))*100 = $0.0735

ex. 4 - Diff = 1000 ; Block Reward = 2.5 ; Money Supply = 850,000 ; Block Reward % = 100%
((1000*2.5)/(850000))*100 = $0.294

So as you can see above, the value is based on Difficulty and Money Supply. So what happens when the block reward halves?

ex. 5 - Diff = 1000 ; Block Reward = 1.25 ; Money Supply = 850,000 ; Block Reward % = 200%
((1000*1.25)/(850000))*200 = $0.294

ex. 6 - Diff = 1000 ; Block Reward = 0.625 ; Money Supply = 850,000 ; Block Reward % = 400%
((1000*0.625)/(850000))*400 = $0.294

You need to just double the Block Reward % when halving occurs.

As you can see from the examples, as Money Supply increases and if Difficulty remains the same, then the value will drop. If the Difficulty increases, the value will rise.

I will work on the formula some more to tweak it...I may replace the difficulty with the Network Hashrate. If I replace the difficulty with the network hashrate (based on MH/s), then it would looks something like this.

(((NetworkHashrate)*Reward)/(MoneySupply))*RewardPercentage

ex. 7 - Hashrate = 125MH/s ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
(((125)*2.5)/(741270))*100 = $0.04

ex. 8 - Hashrate = 300 ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
(((300)*2.5)/(741270))*100 = $0.10

So what happens if the Network Hashrate increase into the GH/s range?

ex. 9 - Hashrate = 2GH/s ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
(((2000)*2.5)/(741270))*100 = $0.67

ex. 10 - Hashrate = 25GH/s ; Block Reward = 2.5 ; Money Supply = 741,270 ; Block Reward % = 100%
(((25000)*2.5)/(741270))*100 = $8.43


As you can see from the above examples, as the Network Hashrate increases, then the value of BTQ will increase as it's dependent on both the Network Hashrate and Money Supply. This will also secure the network as the more hashrate, the more valuable BTQ will become! So what do you guys think about this way of decentralizing and breaking the link between BitQuark and Bitcoin??

[BitQuark]

Do you guys understand how this would work and how it could help the network from meeting the demise that Quarkcoin is facing.

[CommanderVenus]

I understand what youre trying to do but that would eliminate the free market exchanges right?

[DannyTom]

If you want to beat the demise quarkcoin is facing, we need people who want BTQ.  Merchants selling good for BTQ.  A dozen plus pools available, marketing and advertising, faucets so the non-technicals and non-miners can aquire some.

If enough people see they can get real things for BTQ, it will help draw interest.  I sell stuff occasionally on craigslist and say I'll accept cash, BTC or BTQ, but I'm just one person and while occasionally people ask about BTC and BTQ, most just want to give cash for it.

[BitQuark]

I understand what youre trying to do but that would eliminate the free market exchanges right?

The exchange market would still be valid. Think of this method as being the reverse of the current one. Instead of price rising and then hash rate rising...this method uses the rise in hash rate to set the price. It can be used as a guide to determine price based on supply and demand in which the supply would of course be the cons mined and the demand would be the hash rate. This is pretty much the same method that is used today with about all markets. Right now it's just an idea and I figured I would talk to the community about it and get everyone's input.