[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[frameLAlife]

So I made an unofficial twitter account that will be posting updates more regularly, in hopes to spread news about the coin a bit faster

Devs, if you want me to take the account down, then no problem! Just trying to help

https://twitter.com/octocoin888

followed.... thx!

thx for the votes guys! lets keep spreading the word! getting on bittrex.com is going to help get more eyeballs on the coin.

to those who are waiting to buy, i'm sure after the 888 coin block rewards stop and the 88 with the random 888 start, you will see more movement. it just doesn't make sense to dump too much this early when you are on a small exchange where the trade volume is low and slow. hard to tell what the market will bring.

[SuperSta]

http://octo.lifeforce.info

Pool Hashrate: ~30MH/s
Pool Workers: 12
Fee: 0%
System: Prop
Stratum: Yes
VarDiff:Yes

Block Finders Bonus: 25
Block Reward Bonus: 2.5%
Total Potential Bonus: 5.3% (per block)

Are you currently paying to mine? Not only, can you mine Octocoins for FREE, we will even PAY YOU an additional 2.5% in every payout and on top of that if you find a block you will get an extra 25 888s!

[ThePeePs]

Just realized that I had ICMP blocked on my firewall. They are now allowed, so you can check now check your ping times to my P2P node.

http://p2pool.thepeeps.net:8888

Yeah I was wondering about that last night... You can see where I joined for a brief moment on the graph XD I was getting really inconsistent, low payouts though. Like every 30 min 0.02 888. Where as normally I get like 100+ an hour on a pool. So, not sure what the deal is with that, but meh XD

It takes a while (a few hours to 24 hrs) for your payout to reach your prop of the hash rate.   


From BTC wiki, how P2Pool works

Payout logic

Each share contains a generation transaction that pays to the previous n shares, where n is the number of shares whose total work is equal to 3 times the average work required to solve a block, or 8640 (= 24 hours of shares), whichever is smaller. Payouts are weighted based on the amount of work each share took to solve, which is proportional to the p2pool difficulty at that time.

The block reward (currently 25BTC) and the transaction fees are combined and apportioned according to these rules:

A subsidy of 0.5% is sent to the node that solved the block in order to discourage not sharing solutions that qualify as a block. (A miner with the aim to harm others could withhold the block, thereby preventing anybody from getting paid. He can NOT redirect the payout to himself.) The remaining 99.5% is distributed evenly to miners based on work done recently.

In the event that a share qualifies as a block, this generation transaction is exposed to the Bitcoin network and takes effect, transferring each node its payout.
Stales

On P2Pool stales refer to shares which can't make it into the sharechain. Because the sharechain is 60 times faster than the Bitcoin chain many stales are common and expected. However, because the payout is PPLNS only your stale rate relative to other nodes is relevant; the absolute rate is not.

There are two reported kinds of stales in P2Pool: "DEAD ON ARRIVAL" shares and orphan shares. Dead shares were too old by the time they arrived at your local P2Pool. Very high dead rates can indicate miner misconfiguration. Orphan shares are shares which were not extended by the rest of the P2Pool network, because some other miner's share was accepted first. Very high orphan rates may indicate network connectivity problems.

The P2Pool console output shows your relative stale rate compared to other P2Pool miners in the 'Own efficiency' column:

Code:

2012-01-07 20:57:51.797420 Pool stales: 13% Own: 13±2% Own efficiency: 100±2%

When you first start P2Pool claimed efficiency will be low and the error bounds on this estimate will be large, but as it runs the numbers will converge to their correct values.

If your efficiency is unusually low, make sure your network connection isn't overloaded, that your miners support long polling and are not set to work for excessive amounts of time, and that your bitcoind has multiple connections.

[avemitchell]

I have created an unofficial facebook page to try to draw some attention to the currency  

Unofficial Facebook: https://www.facebook.com/octocoin
Unofficial Twitter: https://twitter.com/octocoin888

[edric]

Lowered donation threshold on my pool to 0.5% by request. Thanks to everyone who's been supporting my pool so far! We're doing great and it's thanks to you.

If anyone is wondering about the live dashboard, it is turned on, but I have the refresh set to 30 seconds. From time to time the hashrate jumps way up and I want to avoid things bogging down for users.

[Sanasol]

Added calc. http://sancrypto.info/index/show/888/

 

Tips: 8QJQssEz9kazoQn9BADg3uQjH76UTSEfHp

[SuperSta]

http://octo.lifeforce.info

Pool Hashrate: ~30MH/s
Pool Workers: 12
Fee: 0%
System: Prop
Stratum: Yes
VarDiff:Yes

Block Finders Bonus: 25
Block Reward Bonus: 2.5%
Total Potential Bonus: 5.3% (per block)

Are you currently paying to mine? Not only, can you mine Octocoins for FREE, we will even PAY YOU an additional 2.5% in every payout and on top of that if you find a block you will get an extra 25 888s!

This has now been reduced to

Block Finders Bonus: 20
Block Reward Bonus: 2%
Total Potential Bonus: 4.2% (per block)

[edric]

Added calc. http://sancrypto.info/index/show/888/

 

Tips: 8QJQssEz9kazoQn9BADg3uQjH76UTSEfHp

I like it! I'm gonna work on adding a link in the navbar and in the news page! Thanks a lot. Tipping you 100.

Edit: Added a link to the mining calculator right in the top of my pool's navbar. Good stuff.

[OctoCoin]

Reddit Tip Bot is live. However, "octocointip" needs karma in order to automate the bot - please upvote comments/posts by "octocointip" here:

http://www.reddit.com/r/octocointip

http://www.reddit.com/r/OctoCoin/comments/203xsd/octocoin_tip_bot_coming_soon_per_devs/

[frameLAlife]

Reddit Tip Bot is live. However, "octocointip" needs karma in order to automate the bot - please upvote comments/posts by "octocointip" here:

http://www.reddit.com/r/octocointip

http://www.reddit.com/r/OctoCoin/comments/203xsd/octocoin_tip_bot_coming_soon_per_devs/

I'm set up and have 50 OctoCoins going to my tip address! Go get set up and get some 888 tips! I'm watching for the first few people.

[avemitchell]

How much link karma do you need? 

[OctoCoin]

How much link karma do you need? 

We are rocking and rolling now.

[avemitchell]

How much link karma do you need? 

We are rocking and rolling now.

Good to hear!

[SuperSta]

We are rocking and rolling now.

Hey OctoCoin, I know you're busy but could you add Lifeforce Web Pool to your first post + your website pls.

[frameLAlife]

https://bitcointalk.org/index.php?topic=510676.20

Q2C is creeping up on 888.

Right now 888 is in the lead with 38 votes but Q2C has 35.

If you haven't voted yet to get 888 on bittrex.com exchange please go vote at the link above!

[Stonerboy]

I got the feeling that theres a great growing community here 

[frameLAlife]

I got the feeling that theres a great growing community here 

Agreed!

[SuperSta]

http://octo.lifeforce.info

System: Prop Stratum VarDiff
Pay Interval: Every 5 Minutes (for confirmed blocks)
Current Pool Hashrate: ~60MH/s
Current Pool Workers: 20
Fee: 0%
Block Finders Bonus: 15 (1.7%)
Block Reward Bonus: 1.5%
Total Potential Bonus: 3.2% (per block)

[rp4prez2008]

Ya. This coin just feels...fun, somehow.

[frameLAlife]

https://bitcointalk.org/index.php?topic=510676.20

tied up with Q2C at 44 votes a piece! tell your family and tell yo friends! go vote!

P.S. if you have checked out the reddit.com/r/octocointip, it is up and going. guys are tipping away!