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Author Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012  (Read 1041357 times)
shadowduck
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May 28, 2014, 09:31:53 AM
 #1761

If you mine BCN out, how can you sell them out?
The volume in poloniex is only 1.5btc today, and when you sell BCN equal 0.1 btc, the price will drop 20%.

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Rias
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May 28, 2014, 10:47:10 AM
 #1762

If you mine BCN out, how can you sell them out?
The volume in poloniex is only 1.5btc today, and when you sell BCN equal 0.1 btc, the price will drop 20%.

I'm actually buying it and holding. I believe, the coins is largely undervalued and will see a price boost in the next few weeks.
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May 28, 2014, 12:05:00 PM
 #1763

How long for unconfirmed balance to confirm? Waiting since yesterday

HUG node HMSBnDVfZJgXUzLbbLjizDcUnug4f7yWtV
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May 28, 2014, 12:30:25 PM
 #1764

Anyone want to take pity on a linux noob. I am trying to graduate to linux and wanted to see if I could get a machine up and mining Bytecoin.

My Setup:
Operating System PIMP 64 bit (copied to a 250gb HD with resized partitions to allow enough space for the Bytecoin blockchain)

Problem:
When I decompress the bytecoin-linux.tar.gz file I get a segmentation error.

Now I have never tried to decompress tar files before so it is possible I am doing something wrong.
The command used is "tar -zxvf bytecoin-linux.tar.gz" this seems to work. It runs without error and decompresses the files to the subdirectory called root/Downloads/bytecoin.

I can see all of the decompressed files when I explore the disk with iceweasel. However, when I try to access them via the terminal I can get into the directory but at that point I cannot see them. The command "dir" returns "segmentation error".

My linux experience is very limited. Am I doing something wrong in the decompress process?







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May 28, 2014, 01:20:51 PM
 #1765

Anyone want to take pity on a linux noob. I am trying to graduate to linux and wanted to see if I could get a machine up and mining Bytecoin.

Problem:
When I decompress the bytecoin-linux.tar.gz file I get a segmentation error.

Now I have never tried to decompress tar files before so it is possible I am doing something wrong.
The command used is "tar -zxvf bytecoin-linux.tar.gz" this seems to work. It runs without error and decompresses the files to the subdirectory called root/Downloads/bytecoin.

I can see all of the decompressed files when I explore the disk with iceweasel. However, when I try to access them via the terminal I can get into the directory but at that point I cannot see them. The command "dir" returns "segmentation error".

My linux experience is very limited. Am I doing something wrong in the decompress process?

The same question. I'm about to install SteamOS and i never used linux before but want to. Does this problem has a solution on Linux? And which version of Linux should i install to solve it? (maybe SteamOS isn't a good decision?) 
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May 28, 2014, 01:33:14 PM
 #1766

I have made some calculations on CryptoNote based coins profitability yesterday:

DIFF is difficulty (Mh)
PRICE  is price of 1 coin in BTC via https://cryptonote.exchange.to/market/bcn/btc
BR is block reward, BR(BTC) is block reward price in BTC
PROF is mining profitability (BTC you get per 1Mh)

Wow, dude, thx you so much! Is there a website or usefull application which could help me to get this stuff automatically? Just woundering because it will make things clearer and easier for newbies!
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May 28, 2014, 02:11:41 PM
 #1767




How come BCN difficulty is that low? Can this be true? I am quite surprised to see this stats
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May 28, 2014, 02:14:43 PM
 #1768

I have made some calculations on CryptoNote based coins profitability yesterday:



DIFF is difficulty (Mh)
PRICE  is price of 1 coin in BTC via https://cryptonote.exchange.to/market/bcn/btc
BR is block reward, BR(BTC) is block reward price in BTC
PROF is mining profitability (BTC you get per 1Mh)


So my intuitive decision to switch my hash power back to BCN was after all correct.

I wonder whether this consideration indeed affect the miners' decisions (at least like me, on intuitive level). QCN's price dropped recently, and so did the difficulty. FCN had it vice versa.

Ironically, even with the current low value of BCN, it is still most profitable to mine. And even more ironically, due to the very "low" price nobody is mining. Come on people, if you compare BCN's price with MRO, just keep in mind that the number of total coins supply is 10,000 times larger than in MRO.

Nah, QCN does not look worth mining at the moment, I guess I’ll switch to something else. FCN, maybe

Donations welcome: 6d36246a-fc42-493f-afef-46936974c2bf
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May 28, 2014, 02:29:08 PM
 #1769

Is there a website or usefull application which could help me to get this stuff automatically? Just woundering because it will make things clearer and easier for newbies!
Oh, man, if you are new one and you really want to be good at BCN, you shouldn't look for automaticlally servises or appliications. I think it would be better for you to visit some official web-sites (like "bytecoin.org"), keep your eyes on newsletters and read some articles about that. After spending days trying to understand how it works, you'll become a true Guru of cryptocurrency and all tends that we've got currently!
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May 28, 2014, 02:44:34 PM
 #1770

I have made some calculations on CryptoNote based coins profitability yesterday:




Hm, the calculation does not seem to be totally correct - there’s a block reward penalty to be taken into account - which can have a serious effect on profitability.

Donations please - 7df55268-8d44-4dec-a085-d4488eff87f1
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May 28, 2014, 03:00:14 PM
 #1771

Nah, QCN does not look worth mining at the moment, I guess I’ll switch to something else. FCN, maybe
But if everybody wouldn't mine QCN because of difficulty, it will become quite expensive... Maybe it's a good idea to mine it for a while and wait when its price become as high as skyscrappers in NYC? Looking for your answer.
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May 28, 2014, 03:06:38 PM
 #1772

BCN does not seem to have a sufficient margin of safety - if difficulty grows by one third - the profitability will surely decrease.
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May 28, 2014, 04:55:21 PM
 #1773

FYI:
minergate message - go to the web for more info.

Dear users,

We would like to inform you about the problem our and other pools are facing. The percentage of orphaned blocks for BCN, QZR and MRO is extremely high now. Our pool is working with PPS model which means that with every orphaned block we take losses. Due to this problem we are forced to temporary increase mining fee the following cryptocurrencies:

Bytecoin – 20%
Monero – 35%
QuazarCoin – 32%
Bitcoin & Litecoin – 2,5%

We are doing our best to minimize orphans. Commission will be decreased in the nearest future.

I like Bytecoin (BCN). BYTECOIN.ORG the best to mine with MinerGate
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May 28, 2014, 05:10:44 PM
 #1774

FYI:
minergate message - go to the web for more info.

Dear users,

We would like to inform you about the problem our and other pools are facing. The percentage of orphaned blocks for BCN, QZR and MRO is extremely high now. Our pool is working with PPS model which means that with every orphaned block we take losses. Due to this problem we are forced to temporary increase mining fee the following cryptocurrencies:

Bytecoin – 20%
Monero – 35%
QuazarCoin – 32%
Bitcoin & Litecoin – 2,5%

We are doing our best to minimize orphans. Commission will be decreased in the nearest future.
That's reasonable. There have been *tons* of Monero orphans recently.

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May 28, 2014, 05:12:49 PM
 #1775

FYI:
minergate message - go to the web for more info.

Dear users,

We would like to inform you about the problem our and other pools are facing. The percentage of orphaned blocks for BCN, QZR and MRO is extremely high now. Our pool is working with PPS model which means that with every orphaned block we take losses. Due to this problem we are forced to temporary increase mining fee the following cryptocurrencies:

Bytecoin – 20%
Monero – 35%
QuazarCoin – 32%
Bitcoin & Litecoin – 2,5%

We are doing our best to minimize orphans. Commission will be decreased in the nearest future.

More creative than the average troll.



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Rytir_fik
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May 28, 2014, 05:13:09 PM
 #1776

FYI:
minergate message - go to the web for more info.

Dear users,

We would like to inform you about the problem our and other pools are facing. The percentage of orphaned blocks for BCN, QZR and MRO is extremely high now. Our pool is working with PPS model which means that with every orphaned block we take losses. Due to this problem we are forced to temporary increase mining fee the following cryptocurrencies:

Bytecoin – 20%
Monero – 35%
QuazarCoin – 32%
Bitcoin & Litecoin – 2,5%

We are doing our best to minimize orphans. Commission will be decreased in the nearest future.
reasonable.

In this situation is better to stay in the pool or start mining without pool?

I like Bytecoin (BCN). BYTECOIN.ORG the best to mine with MinerGate
surfer43
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May 28, 2014, 05:20:03 PM
 #1777

In this situation is better to stay in the pool or start mining without pool?
The orphan rate is highest with a low hashrate. The larger the pool / solo miner hashrate, the lower the orphan rate. So you're best off mining in the largest pool. However this leads to centralization...

sorryforthat
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May 28, 2014, 06:53:05 PM
 #1778

FYI:
minergate message - go to the web for more info.

Dear users,

We would like to inform you about the problem our and other pools are facing. The percentage of orphaned blocks for BCN, QZR and MRO is extremely high now. Our pool is working with PPS model which means that with every orphaned block we take losses. Due to this problem we are forced to temporary increase mining fee the following cryptocurrencies:

Bytecoin – 20%
Monero – 35%
QuazarCoin – 32%
Bitcoin & Litecoin – 2,5%

We are doing our best to minimize orphans. Commission will be decreased in the nearest future.
reasonable.


In this situation is better to stay in the pool or start mining without pool?


Why not just switch pools. We have been getting about 1 block an hour with 1 out of 5 being orphan over at EXT-Pool. and thats with a 3khs total speed and only 3 workers.
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May 28, 2014, 09:23:23 PM
 #1779

http://bcn.extremepool.org

http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
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May 29, 2014, 12:49:53 AM
 #1780

Anyone want to take pity on a linux noob. I am trying to graduate to linux and wanted to see if I could get a machine up and mining Bytecoin.

My Setup:
Operating System PIMP 64 bit (copied to a 250gb HD with resized partitions to allow enough space for the Bytecoin blockchain)

Problem:
When I decompress the bytecoin-linux.tar.gz file I get a segmentation error.

Now I have never tried to decompress tar files before so it is possible I am doing something wrong.
The command used is "tar -zxvf bytecoin-linux.tar.gz" this seems to work. It runs without error and decompresses the files to the subdirectory called root/Downloads/bytecoin.

I can see all of the decompressed files when I explore the disk with iceweasel. However, when I try to access them via the terminal I can get into the directory but at that point I cannot see them. The command "dir" returns "segmentation error".

My linux experience is very limited. Am I doing something wrong in the decompress process?
In Linux the corresponding command is the "ls" (list) command, so type:
ls -l

For help on this command type:
man ls

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