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Author Topic: Does it make sense that I mined Tenebrix all night and got nothing?  (Read 2032 times)
bulanula
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October 08, 2011, 04:36:06 PM
 #21

What was the reason for the 7.7 million number? Did 7.8 seem like it would be too much? 7.6 not enough?

Arbitrary number, since it appears quite apparent that there is no way to arrive at a "noncontroversial" number. To be frank, just used same number for GG and TBX.

Unless someone can propose a protocol for selecting a "good one", this number is as good as others

I propose that right now, a single individual owning 10% of the current coins "for the benefit of future development, bounties and whatnot" would be far less suspicious than someone owning 90% of the coins for those purposes. Everyone should decide what's trust threshold is.

That is what I meant. 10% of current coins more acceptable than 90% of current coins ! But they ( lolcust/artforz/bitcoinexpress/SAC ) dont seem to understand that.
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kano
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October 08, 2011, 04:42:15 PM
 #22

Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
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October 08, 2011, 04:43:06 PM
 #23

Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)


No I won't mine failbrix because no exchange !
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October 08, 2011, 04:43:22 PM
 #24

Then mine fairbrix instead - no million coin pre-mine or pre-gen (no pre-mine or pre-gen at all)


Is there a Fairbrix exchange? Website?

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October 08, 2011, 05:06:57 PM
 #25

Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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October 08, 2011, 05:16:30 PM
 #26

So a look through the block-chain before it opened should find an exact 5,000 transaction ...
Showing your address and a BTC-e address ...

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October 08, 2011, 05:17:49 PM
 #27

Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"

Can you clarify what this means?
E.g. on TBX/BTC it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?

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bulanula
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October 08, 2011, 05:39:37 PM
 #28

Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"

Can you clarify what this means?
E.g. on TBX/BTC it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?

Nope. You got that right !
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October 08, 2011, 05:52:32 PM
 #29

So a look through the block-chain before it opened should find an exact 5,000 transaction ...
Showing your address and a BTC-e address ...

Exactly, and I specifically demanded that they post it, with the receive address, so that none will be able to claim that I am engaging in some obscure activity.

I'm surprised you missed it

Little known fact - exchanges either don't want to bother with "neocoins" at all, or they require the coin "author" (or whomever contacts them) to provide a liquidity boost.

Liquidity boost sizes provided to btc-e are published on their website in the "opening exchange on pair X news"



Can you clarify what this means?
E.g. on TBX/BTC it says

"Exchange received a bonus at the address 5000 TBX tPrATxxGCNsWrJ1bdzBE8Gw6pxrXsHiv8p"

Does it mean you/someone gave e-btc.com 5000 TBX as a fee, for them to open up the exchange? Or am I misunderstanding?

Yes, and I openly said that in thread and IRC before proceeding, so I was more open than open office about it.

Also, just for your information, another exchange (I won't name them, they did me no wrong after all) demanded 50 000 (fifty thousands) TBX for opening a TBX exchange.

So btc-e are good people Cheesy

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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October 08, 2011, 09:39:50 PM
 #30

Nah my point was where you got the actual 5,000 from.
It's the 7mil's first transaction that used some of it: block 10017
(the previous 7mil transaction was simply an address transfer)

So what's up with not paying the 50,000?
You've still got 7764998 in tFzfqw3FvCPTYYJ9x4nfd99UpG8XyQkKDk

BTC-e hasn't actually done anything with their 5000 it's just sitting there
(though at most it's like only 50BTC so less than $250)

Hmm looking at the 2nd level faucet address tFaucetH2xmCj2NFxUHwKkdHnXQyGPGJ43
 that holds the initial 500 - someone had some spare time ... Smiley


Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
Lolcust
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October 09, 2011, 09:09:05 AM
 #31

So what's up with not paying the 50,000?
You've still got 7764998 in tFzfqw3FvCPTYYJ9x4nfd99UpG8XyQkKDk

TBX already has an exchange that is workin' fine. I see no reason to pay 10 times its fee just to have a second one.

If anything, at this point I believe new exchanges can be relegated to the care of the invisible hand.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
ripper234
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October 09, 2011, 11:32:50 AM
 #32

I left the miner up all night, and I don't see any interesting balance in my TBC client. I am fully connected, at block 14,577.

Update: I did solve a few blocks after a few days. My first crypto currencies that I mined with my hard earned hardware! Thanks Locust!

However, I will be switching to LiteCoin when it's released.

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bulanula
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October 09, 2011, 04:05:59 PM
 #33

I left the miner up all night, and I don't see any interesting balance in my TBC client. I am fully connected, at block 14,577.

Update: I did solve a few blocks after a few days. My first crypto currencies that I mined with my hard earned hardware! Thanks Locust!

However, I will be switching to LiteCoin when it's released.

Why not switch to SolidCoin mate ?
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October 09, 2011, 04:46:46 PM
 #34

Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.

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bulanula
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October 09, 2011, 05:22:16 PM
 #35

Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.

Care to show us ?
ripper234
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October 09, 2011, 05:33:21 PM
 #36

Why not switch to SolidCoin mate ?

Amm ... why yes?
There are numerous reasons I think LiteCoin is good, the release schedule being one of them.
As for SolidCoin, a thread of an IRC chat between Gavin and Coinhunter showed me that I should have no dealings with SolidCoin.

Care to show us ?

https://bitcointalk.org/index.php?topic=41321.0

Please do not pm me, use ron@bitcoin.org.il instead
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October 11, 2011, 08:23:13 PM
 #37

I solo mined 25 TBX last night on a dual xeon 2.6ghz

Im going to try the pools with one of my PC's

I still can't get some wallets to connect tho, wtf!!
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