PriceSpec_
Newbie
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Activity: 6
Merit: 0
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September 11, 2014, 02:21:02 PM |
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Just wanted to jump in to thank Dan and the entire XC team for putting together such a professional altcoin.
Looking forward to REV2!
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synechist
Legendary
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Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:28:02 PM |
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Synechist, the SHA256 cant be true, do we have any more data? It is way too profitable right now, I mean if it is like 100% off it will still be profitable
No-one's mining SHA256 right now. Where are you seeing that data? the shift payouts! Because no-one's mining SHA256, the figures on the payouts page are not accurate. Dan will be putting an ASIC on the SHA256 pool before long, and that'll make things easier to work from. |
Co-Founder, the Blocknet
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Mountaingoat
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September 11, 2014, 02:29:26 PM |
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Synechist, the SHA256 cant be true, do we have any more data? It is way too profitable right now, I mean if it is like 100% off it will still be profitable
No-one's mining SHA256 right now. Where are you seeing that data? the shift payouts! Because no-one's mining SHA256, the figures on the payouts page are not accurate. Dan will be putting an ASIC on the SHA256 pool before long, and that'll make things easier to work from. I just rented a pool for 12 hours, similar to this one but 30 MH/s, for the same price as that one, is that profitable? |
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Dungor
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September 11, 2014, 02:30:22 PM |
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Could one theoretically use XCurrency as an escrow to anonymously transfer bitcoins?
More specifically build an app on top of XC like QiBuck but with the purpose of mixing bitcoins, preferably having the mixing pool pooled from multiple shares? This is maybe a bit meta, but building a bitcoin wallet on-top of the XCwallet platform that could serve as a dark wallet?
That's a tricky thing. It was suggested in an XC discussion but it's not clear how it would be done. One option would be to trade BTC for XC, send the XC privately and then trade back into BTC. An app could do this. A decentralised exchange would be necessary for this to meet XC's security standards. Alternatively we could try implement XC's tech in a new, weird Bitcoin wallet. But it wouldn't be compatible with the Bitcoin network. So that's a bit of a complicated task. Not sure how it would be done. Great idea. There's definitely a market for anonymising BTC. I'll keep throwing ideas at the team for features I would want to use myself hoping some will stick  I genuinely don't believe that any currency really can compete with bitcoin. But I believe that there will be a complementary market where alt coins will add functionality, but their adoption success will depend on their ability to integrate (ease of use) with bitcoin from an end-user perspective. Brokers like mintpal are great for traders but don't expect an end-user to buy XCurrency for operating fees through a broker, that process has to be simplified significantly. XC will be integrated into ATMs later down the roadmap and this physical presence could help with rate of adoption but preferably you just load your wallet with bitcoin and get XC either to spend, send or store for later. |
XChat XZFT9YxW9Uhv4R5yoWgUmYhAzqP5qVuZp8
Public Key 288p7Jom8LvQ1UNVgc7H7wzpZoQkqLdtqfR7Ls4Bgo3Mz
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:30:42 PM |
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If there will be announcements Monday that we have yet to hear of, can you give us any hints as to what they are about? I know you love to tease.  Check out the new OP ;-) |
Co-Founder, the Blocknet
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:32:08 PM |
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Synechist, the SHA256 cant be true, do we have any more data? It is way too profitable right now, I mean if it is like 100% off it will still be profitable
No-one's mining SHA256 right now. Where are you seeing that data? the shift payouts! Because no-one's mining SHA256, the figures on the payouts page are not accurate. Dan will be putting an ASIC on the SHA256 pool before long, and that'll make things easier to work from. I just rented a pool for 12 hours, similar to this one but 30 MH/s, for the same price as that one, is that profitable? You rented a pool? You should rent a miner, and then use it on the XC multipool. What's the price? What algorithm? |
Co-Founder, the Blocknet
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Mountaingoat
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September 11, 2014, 02:33:22 PM |
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Synechist, the SHA256 cant be true, do we have any more data? It is way too profitable right now, I mean if it is like 100% off it will still be profitable
No-one's mining SHA256 right now. Where are you seeing that data? the shift payouts! Because no-one's mining SHA256, the figures on the payouts page are not accurate. Dan will be putting an ASIC on the SHA256 pool before long, and that'll make things easier to work from. I just rented a pool for 12 hours, similar to this one but 30 MH/s, for the same price as that one, is that profitable? You rented a pool? You should rent a miner, and then use it on the XC multipool. What's the price? What algorithm? I mean a miner, my bad. 30 Mh/s on average 0.017097 BTC/day I rented for 12 hours(that was the maximum) Scrypt |
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:36:36 PM |
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Could one theoretically use XCurrency as an escrow to anonymously transfer bitcoins?
More specifically build an app on top of XC like QiBuck but with the purpose of mixing bitcoins, preferably having the mixing pool pooled from multiple shares? This is maybe a bit meta, but building a bitcoin wallet on-top of the XCwallet platform that could serve as a dark wallet?
That's a tricky thing. It was suggested in an XC discussion but it's not clear how it would be done. One option would be to trade BTC for XC, send the XC privately and then trade back into BTC. An app could do this. A decentralised exchange would be necessary for this to meet XC's security standards. Alternatively we could try implement XC's tech in a new, weird Bitcoin wallet. But it wouldn't be compatible with the Bitcoin network. So that's a bit of a complicated task. Not sure how it would be done. Great idea. There's definitely a market for anonymising BTC. I'll keep throwing ideas at the team for features I would want to use myself hoping some will stick By all means, keep on! Discussions of this nature are always valuable. I genuinely don't believe that any currency really can compete with bitcoin. That'll certainly be the case for the mid-term future. But if an altcoin captures the mobile market then I think it'll smash Bitcoin. But I believe that there will be a complementary market where alt coins will add functionality, but their adoption success will depend on their ability to integrate (ease of use) with bitcoin from an end-user perspective. Brokers like mintpal are great for traders but don't expect an end-user to buy XCurrency for operating fees through a broker, that process has to be simplified significantly. I agree. Implementing Bitcoin-related features is a clear (though rather competitive) line to take. XC will be integrated into ATMs later down the roadmap and this physical presence could help with rate of adoption but preferably you just load your wallet with bitcoin and get XC either to spend, send or store for later.
Personally I'd like to charge my wallet with fiat, which is of course exchanged for XC in the process. |
Co-Founder, the Blocknet
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:38:38 PM |
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30 Mh/s on average
0.017097 BTC/day I rented for 12 hours(that was the maximum)
Scrypt
Don't take it. The price will have to be lower than 0.00521158 BTC/day. Since yours is for only 12 hours, its effective rate is double the one advertised. So you'd make a fat loss. Camp out on miner rental pages and see if a cheap one comes along. Otherwise wait until a brand new coin is released, mine it, and sell after the coin pumps. (Make sure it'll get pumped first, of course.) |
Co-Founder, the Blocknet
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Mountaingoat
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September 11, 2014, 02:40:46 PM |
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It was only €3,- anyways, thanks for the answer.
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Mountaingoat
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September 11, 2014, 02:52:30 PM |
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Can somebody make a wallet for XC similar to Multibit if that is possible? That way if you close your wallet you don't have to sync up for so long.
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 02:57:11 PM |
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Gotta love a string of XC stake and mining payouts.  Isn't it cool that unlike the "interest" you earn in a savings account (which is just the bezzle), interest earned in XC is actually newly created money? |
Co-Founder, the Blocknet
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pookielax31
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September 11, 2014, 04:04:05 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
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cryptico
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September 11, 2014, 04:16:55 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? |
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 04:45:54 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. |
Co-Founder, the Blocknet
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CryptoGretzky
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September 11, 2014, 04:50:12 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. Do the wallets still need separate public IP or just different VM and single IP is fine? |
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Teka (OP)
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September 11, 2014, 04:55:04 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. Do the wallets still need separate public IP or just different VM and single IP is fine? Yes they still do. 1 IP = 1 Node |
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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September 11, 2014, 04:56:52 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. Do the wallets still need separate public IP or just different VM and single IP is fine? Yes they still do. Run them all over TOR. |
Co-Founder, the Blocknet
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CryptoGretzky
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September 11, 2014, 05:10:15 PM |
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So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it
Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses? Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions. You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer. Do the wallets still need separate public IP or just different VM and single IP is fine? Yes they still do. Run them all over TOR. Oh boy... I think I will need some more bandwidth. Might get some VM from azure or amazon or something... |
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