[BCN] Bytecoin. Secure, private, untraceable since 2012

[Rias]

Also if you want to work out the age of the chain, this might not be exact for actual age in years, but its timed in years as that is how much has been mined, to give you an idea.

Please let me know if I screw up the calculation.

Bytecoin height: 483532

Target: 120 seconds.

Chain age = (120 seconds * 483,532 blocks) = 58,023,840 seconds.

58,023,840 seconds = 967,064 minutes.

967,064 minutes = 16,117.733 hours.

16,117.733 hours = 671.5 days.

671.5 = 1.83 years.

1.83 years old block chain is something, which is very close to the launch date of July 4, 2012.

I have no idea why people are supporting this one over a fairer release (Monero)

I have an idea on that. I support the coin because Bytecoin was developed by someone who is capable of creating breakthrough innovations. The coin is alive, the devs are still contributing. I prefer supporting the team, which has the expertise to push this technology forward. After all, there wouldn't be Monero at all if there was no Bytecoin.

The word "fair" is highly subjective. Fair for whom? It's the information asymmetry that drives our world. If nobody bothered to notify you personally on the release of a brilliant new technology, it doesn't make the launch unfair. I've been writing already that there was something in Monero's backyard, so here we have QCN. This story will always be recursive as there're always be those that are dissatisfied with distribution of wealth, resources, or knowledge.

And you know, it doesn't really bother me which CryptoNote coin succeeds. The more significant thing is to keep innovative track. I hope Monero will join this real race, not the imaginary one.

[1714052265]

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[Edgecrusher]

Please vote BCN on MintPal so it can make it to that exchange!

https://www.mintpal.com/voting#BCN

[Rias]

./minerd  -a cryptonight -o http://bcn.extremepool.org:5555 -u <address> -p x -t <# of threads>

Thank you, 33zer0w0lf, mining does work! Although I had to google some dependencies in order to compile the miner.

Code:

sudo apt-get install -y build-essential automake libcurl4-openssl-dev pkg-config
git clone https://github.com/LucasJones/cpuminer-multi.git
cd cpuminer-multi
./autogen.sh
./configure CFLAGS="-O3"
make

and after the compilation, just like you've said:

Code:

./minerd  -a cryptonight -o http://bcn.extremepool.org:5555 -u <BCN-address> -p x -t <#-of-threads>

[sgk]

I have no idea why people are supporting this one over a fairer release (Monero)

I have an idea on that. I support the coin because Bytecoin was developed by someone who is capable of creating breakthrough innovations. The coin is alive, the devs are still contributing. I prefer supporting the team, which has the expertise to push this technology forward. After all, there wouldn't be Monero at all if there was no Bytecoin.

The word "fair" is highly subjective. Fair for whom? It's the information asymmetry that drives our world. If nobody bothered to notify you personally on the release of a brilliant new technology, it doesn't make the launch unfair. I've been writing already that there was something in Monero's backyard, so here we have QCN. This story will always be recursive as there're always be those that are dissatisfied with distribution of wealth, resources, or knowledge.

And you know, it doesn't really bother me which CryptoNote coin succeeds. The more significant thing is to keep innovative track. I hope Monero will join this real race, not the imaginary one.

NOW WE'RE TALKING!!

This thread is full of posts that suggest people to mine Monero over BCN, but I have always steered clear of them and have told them to leave this thread alone.
I don't support BCN clones for the same reason I don't support Bitcoin clones.

Creating a clone and brag about 'fair distribution' is easy. Come to me when you 'innovate' something and you've got my hash power.

[drawingthesun]

I have no idea why people are supporting this one over a fairer release (Monero)

I have an idea on that. I support the coin because Bytecoin was developed by someone who is capable of creating breakthrough innovations. The coin is alive, the devs are still contributing. I prefer supporting the team, which has the expertise to push this technology forward. After all, there wouldn't be Monero at all if there was no Bytecoin.

The word "fair" is highly subjective. Fair for whom? It's the information asymmetry that drives our world. If nobody bothered to notify you personally on the release of a brilliant new technology, it doesn't make the launch unfair. I've been writing already that there was something in Monero's backyard, so here we have QCN. This story will always be recursive as there're always be those that are dissatisfied with distribution of wealth, resources, or knowledge.

And you know, it doesn't really bother me which CryptoNote coin succeeds. The more significant thing is to keep innovative track. I hope Monero will join this real race, not the imaginary one.

NOW WE'RE TALKING!!

This thread is full of posts that suggest people to mine Monero over BCN, but I have always steered clear of them and have told them to leave this thread alone.
I don't support BCN clones for the same reason I don't support Bitcoin clones.

Creating a clone and brag about 'fair distribution' is easy. Come to me when you 'innovate' something and you've got my hash power.

Sure thing, and what you're doing is ok. (as long as you don't deceive people)

I just want people to know what they are getting into.

If a newcomer is ok mining a coin with 80% pre-mine then cool, but please don't deceive them!

If you guys add to the Bytecoin homepage and the front page of this thread:

"Bytecoin has been mined for 1.8 years but was only made known to the world a few months ago. Enjoy the ride"

Then I will leave your thread alone!

[Brilliantrocket]

Is there any development going on for this coin?

[fr0wn3r]

pooler cpuminer 2.3.3 is the latest for Win7 x64, right?

[Rias]

I have no idea why people are supporting this one over a fairer release (Monero)

I have an idea on that. I support the coin because Bytecoin was developed by someone who is capable of creating breakthrough innovations. The coin is alive, the devs are still contributing. I prefer supporting the team, which has the expertise to push this technology forward. After all, there wouldn't be Monero at all if there was no Bytecoin.

The word "fair" is highly subjective. Fair for whom? It's the information asymmetry that drives our world. If nobody bothered to notify you personally on the release of a brilliant new technology, it doesn't make the launch unfair. I've been writing already that there was something in Monero's backyard, so here we have QCN. This story will always be recursive as there're always be those that are dissatisfied with distribution of wealth, resources, or knowledge.

And you know, it doesn't really bother me which CryptoNote coin succeeds. The more significant thing is to keep innovative track. I hope Monero will join this real race, not the imaginary one.

NOW WE'RE TALKING!!

This thread is full of posts that suggest people to mine Monero over BCN, but I have always steered clear of them and have told them to leave this thread alone.
I don't support BCN clones for the same reason I don't support Bitcoin clones.

Creating a clone and brag about 'fair distribution' is easy. Come to me when you 'innovate' something and you've got my hash power.

Sure thing, and what you're doing is ok. (as long as you don't deceive people)

I just want people to know what they are getting into.

If a newcomer is ok mining a coin with 80% pre-mine then cool, but please don't deceive them!

If you guys add to the Bytecoin homepage and the front page of this thread:

"Bytecoin has been mined for 1.8 years but was only made known to the world a few months ago. Enjoy the ride"

Then I will leave your thread alone!

Lol.

I'm not sure anybody in this thread controls the website. Moreover, it has "2 years" on the very top. And speaking about "known to the world", it is not equal to "known to me", right?

[BoscoMurray]

And after Monero was supposedly instamined they switched to Quazarcoin
https://bitcointalk.org/index.php?topic=600658.0

And the story goes on and on and on, just like with hundreds of forks.

This is not an official announcement, the coin existed prior to March when DStrange started this topic. The coins were mined in almost already 2 years.

Where does your information on pre-mine of Monero come from? Please cite a source.

[Rias]

33zer0w0lf,
I've got something very weird going on BCN's new pool: http://bcn.extremepool.org

My hash rate jumps up and down from 20 h/s to median 200-300 h/s and even sometimes up to 900 h/s.

I also see that the pool's total hash rate is also jumping up and down. Is it a bug? What could be the reason? Thank you!

[surfer43]

33zer0w0lf,
I've got something very weird going on BCN's new pool: http://bcn.extremepool.org

My hash rate jumps up and down from 20 h/s to median 200-300 h/s and even sometimes up to 900 h/s.

I also see that the pool's total hash rate is also jumping up and down. Is it a bug? What could be the reason? Thank you!

It is a bug in the pool software where sometimes the same share is submitted many times. That causes individual and pool hashrate to fluctuate a lot. A stratum pool is being worked on which will fix these bugs.

[drawingthesun]

And after Monero was supposedly instamined they switched to Quazarcoin
https://bitcointalk.org/index.php?topic=600658.0

And the story goes on and on and on, just like with hundreds of forks.

This is not an official announcement, the coin existed prior to March when DStrange started this topic. The coins were mined in almost already 2 years.

Where does your information on pre-mine of Monero come from? Please cite a source.

Not sure where his source is, this is my calculation:

Monero block height is 46,000 with 1 min blocks.

46,000 min / hours / days = 32 days.

Not sure how much of a pre-mine that is, the coin has been out for 3 weeks.

Look at Bytecoin though, they have been out in the clear for 9 weeks yet have over 1.8 years worth of blocks.

[smooth]

And after Monero was supposedly instamined they switched to Quazarcoin
https://bitcointalk.org/index.php?topic=600658.0

And the story goes on and on and on, just like with hundreds of forks.

This is not an official announcement, the coin existed prior to March when DStrange started this topic. The coins were mined in almost already 2 years.

Where does your information on pre-mine of Monero come from? Please cite a source.

There is no source. There was no premine or instamine.

The issue involved someone, apparently in Russia (Russian language forum site), who discovered that the bytecoin miner (subsequently cloned to MRO) had apparently been de-optimized prior to public release and could be made several times faster with relatively simple changes. It was one of the MRO developers (NoodleDoodle) who promptly released an un-deoptmized miner (subsequently back ported to bytecoin), and later released additional optimizations.

You won't find a more fair launch of any coin no will you find team behind a coin with more integrity than the Monero team in my opinion (though as a minor disclaimer, I don't know all of them outside of our work on Monero -- the work on Monero has been 100% above board and community-focused).

[smooth]

And after Monero was supposedly instamined they switched to Quazarcoin
https://bitcointalk.org/index.php?topic=600658.0

And the story goes on and on and on, just like with hundreds of forks.

This is not an official announcement, the coin existed prior to March when DStrange started this topic. The coins were mined in almost already 2 years.

Where does your information on pre-mine of Monero come from? Please cite a source.

Not sure where his source is, this is my calculation:

Monero block height is 46,000 with 1 min blocks.

46,000 min / hours / days = 32 days.

Not sure how much of a pre-mine that is, the coin has been out for 3 weeks.

The coin launched on April 18, so 32 days is almost exactly on the nose.

There was a public announcement a week before.

Look at Bytecoin though, they have been out in the clear for 9 weeks yet have over 1.8 years worth of blocks.

[Rias]

My concern with Monero is that optimized miner was always closed-source until a week in production. It happened each time the optimization takes place.

However, this is not a Monero thread, as far as I know.

[BitRock]

The issue involved someone, apparently in Russia (Russian language forum site), who discovered that the bytecoin miner (subsequently cloned to MRO) had apparently been de-optimized prior to public release and could be made several times faster with relatively simple changes. It was one of the MRO developers (NoodleDoodle) who promptly released an un-deoptmized miner (subsequently back ported to bytecoin), and later released additional optimizations.

You won't find a more fair launch of any coin no will you find team behind a coin with more integrity than the Monero team in my opinion (though as a minor disclaimer, I don't know all of them outside of our work on Monero -- the work on Monero has been 100% above board and community-focused).

What is the reason that the bytecoin miner had been de-optimized prior to public release?

[smooth]

The issue involved someone, apparently in Russia (Russian language forum site), who discovered that the bytecoin miner (subsequently cloned to MRO) had apparently been de-optimized prior to public release and could be made several times faster with relatively simple changes. It was one of the MRO developers (NoodleDoodle) who promptly released an un-deoptmized miner (subsequently back ported to bytecoin), and later released additional optimizations.

You won't find a more fair launch of any coin no will you find team behind a coin with more integrity than the Monero team in my opinion (though as a minor disclaimer, I don't know all of them outside of our work on Monero -- the work on Monero has been 100% above board and community-focused).

What is the reason that the bytecoin miner had been de-optimized prior to public release?

Ask the bytecoin developers. Oh wait, they're hiding somewhere.

We can't prove this 100%, but several highly qualified programmers (including at least one not associated in any way with the Monero project) have looked at the code and found it difficult to accept any other explanation. Draw your own conclusions.

[Rias]

What is the reason that the bytecoin miner had been de-optimized prior to public release?

Ask the devs. All I know is that there was no "public release" as you see it.

[Rias]

I have a problem with the Mac version. Each time I try to start simplewallet it returns this error:

Code:

Error: wallet failed to connect to daemon (http://localhost:8081). Daemon either is not started or passed wrong port. Please, make sure that daemon is running or restart the wallet with correct daemon address.

Why is it so?

Obvious question: do you have dytecoind running (Bytecoin daemon) and synchronized?

[smooth]

My concern with Monero is that optimized miner was always closed-source until a week in production. It happened each time the optimization takes place.

There was no closed source release of anything from the Monero project. It has all been released on github, when practical with accompanying Windows, Mac and Linux binaries. We can't control what everyone else does, but we have certainly encouraged optimized miner developers to share them, in one case offering a bounty (though it turned out not to be necessary as we independently developed comparable optimizations).

We're released two rounds of miner optimizations in open source, improving on the original bytecoin miner by approximately 10x (hardware dependent).