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Author Topic: Bitmark  (Read 602583 times)
DiCE1904
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July 13, 2014, 10:29:04 PM
 #341

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0.250% (max) of the block reward goes to the bitmark development fund


Is that still planned or did it get scrapped

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coinsolidation
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July 13, 2014, 11:09:48 PM
 #342

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0.250% (max) of the block reward goes to the bitmark development fund

Is that still planned or did it get scrapped

It was scrapped and replaced with a donation based bitmark foundation.

There is also to be a long running IPM, voluntary and entirely optional to raise funds for the foundation.

BTC Donations will be used in line with the IPM Proposal, tl;dr: used to lease mining rigs to support the network, 5% of the generated bitmarks would go to a foundation, 95% distributed to investors. This has extra benefits for network health and miners.

Our target is 0 BTC and 70,000 BTM. The BTMs in the foundation will not be touched until after 2015-07-13, longer if we can. We encourage donations of BTM, it will ensure this project lives long and can achieve what we plan.

This week we will create an automated IPM pool, each donor will be able to associated a BTC address with a BTM address, any donated BTC will be spent on leased miners up to 35% of the network hashrate, the BTM produced will distributed to donors according to the amount they donated. 5% will go to the foundation, to be locked for future development.

Development over the first year, or longer if possible, is voluntary.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
coinsolidation
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July 13, 2014, 11:29:16 PM
 #343

Update

1. We have successfully launched Bitmark.

2. The difficulty has already re-targeted twice by the maximum amount, currently it is 16.

3. Here are some links

I would like to thank everybody for their kind words, excellent discussion, helpfulness, donations, and support.

Today was a good day, it was only the foundation, tomorrow our work to earn value by being useful and easy to adopt begins.

Bitmark Foundation BTM donation address: bQmnzVS5M4bBdZqBTuHrjnzxHS6oSUz6cG

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
prix
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July 13, 2014, 11:40:09 PM
 #344

I have some problems with the miningpool.co:
1) balance is not updated (I received two transactions and then balance is frozen);
2) incorrect Total Earnings (was decreased from 8 to 6).

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coinsolidation
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July 13, 2014, 11:50:47 PM
 #345

I have some problems with the miningpool.co:
1) balance is not updated (I received two transactions and then balance is frozen);
2) incorrect Total Earnings (was decreased from 8 to 6).

Please contact miningpool.co support for this. Perhaps there was an orphan block?

Remember that Bitmark takes 721 confirmations to mature, which is normally 1 full day. The rationale for this decision can be found on the wiki.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
DiCE1904
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July 14, 2014, 12:46:51 AM
 #346

Quote
0.250% (max) of the block reward goes to the bitmark development fund

Is that still planned or did it get scrapped

It was scrapped and replaced with a donation based bitmark foundation.

There is also to be a long running IPM, voluntary and entirely optional to raise funds for the foundation.

BTC Donations will be used in line with the IPM Proposal, tl;dr: used to lease mining rigs to support the network, 5% of the generated bitmarks would go to a foundation, 95% distributed to investors. This has extra benefits for network health and miners.

Our target is 0 BTC and 70,000 BTM. The BTMs in the foundation will not be touched until after 2015-07-13, longer if we can. We encourage donations of BTM, it will ensure this project lives long and can achieve what we plan.

This week we will create an automated IPM pool, each donor will be able to associated a BTC address with a BTM address, any donated BTC will be spent on leased miners up to 35% of the network hashrate, the BTM produced will distributed to donors according to the amount they donated. 5% will go to the foundation, to be locked for future development.

Development over the first year, or longer if possible, is voluntary.


Great, I fully support this then. Best of luck and great job with the work already done.

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Pentamon
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July 14, 2014, 02:03:53 AM
 #347

please forgive basic question:
is there an option to solo mine via the Bitmark-qt client?

For those that feel nostalgic about never having solo-mined, this would be an interesting experience. For a while, at least.

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July 14, 2014, 02:20:17 AM
 #348

nice, i would like to attempt solo mining, never done it before. I have cgminer, what is an example of commandline that could be used for solo mining?  thanks


cgminer --scrypt -o http://localhost:9266 -O Username:password

in place of username, i put my address, correct?


Nope, just look at the conf file, and copy from there
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July 14, 2014, 02:22:04 AM
 #349

would this work for solo mining on cgminer?

 ./cgminer -o http://localhost:9266 -u yourrandomusername -p yourpassword --btc-address yourBirmarkAddres

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July 14, 2014, 02:25:02 AM
 #350

nice, i would like to attempt solo mining, never done it before. I have cgminer, what is an example of commandline that could be used for solo mining?  thanks


cgminer --scrypt -o http://localhost:9266 -O Username:password

in place of username, i put my address, correct?


Nope, just look at the conf file, and copy from there

I get:

 [2014-07-13 21:24:06] ./cgminer: --scrypt: unrecognized option 



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coinsolidation
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July 14, 2014, 02:28:18 AM
 #351

is there an option to solo mine via the Bitmark-qt client?

Yes, you can open "help > debug window" then type "setgenerate true" to turn on mining, or "setgenerate false" to turn it off.
you can always mine from startup by setting "gen=1" in bitmark.conf

with the network hashrate, it might not be worth it.

./cgminer -o http://localhost:9266 -u yourrandomusername -p yourpassword --btc-address yourBirmarkAddres

Code:
./cgminer --scrypt -o http://localhost:9266 -u yourrandomusername -p yourpassword
where username and password are rpcuser and rpcpassword from your bitmark.conf

you need to use cgminer 3.7.2 or earlier for scrypt support.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
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July 14, 2014, 02:39:06 AM
 #352

thank you, and congratulations, Coinsolidation!

Pentamon

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jamestown2035
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July 14, 2014, 02:41:28 AM
 #353

I have some problems with the miningpool.co:
1) balance is not updated (I received two transactions and then balance is frozen);
2) incorrect Total Earnings (was decreased from 8 to 6).

I'm seeing this too, it's shaved about 50 coins so far that I've noticed.   Pool is stating 0 orphans as well.   No other pools are jumping on this?

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July 14, 2014, 03:00:50 AM
 #354

OK, apparently I am using not the right version of cgminer for scrypt mining, but interestingly, when joining miningpool.com, I get this:



Nothing updated at the pool website, however.
Does that look right?

Pentamon

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jamestown2035
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July 14, 2014, 03:02:40 AM
 #355

do you have scrypt in your .bat file?  You may need to use version 3.7 cgminer I can't remember when they stopped supporting scrypt. 

coinsolidation
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July 14, 2014, 03:07:18 AM
 #356

Use http://ck.kolivas.org/apps/cgminer/old/3.7/ on linux
That is how it should run, but you were using sha256 which is why you got banned.


In IRC SecondPlace_ writes: "so how many coins are there in total? and is anyone selling some?"
To answer the first question: Total Supply: ~27.58 million coins (27,579,894.73108000 to be exact).
You can read about all of these things on the wiki


The difficulty will jump again soon to maybe 45.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
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July 14, 2014, 03:15:26 AM
 #357

ah, all the things that newcomers must learn.
I was kind of surprised that it would use the lowly bitcoin asic that I have...

Thanks for the patience in teaching.

Pentamon

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July 14, 2014, 03:20:49 AM
 #358

I wouldn't advise using the pool though something is messed up.  I lose about 20 coins every time  1 gets confirmed in my account balance.  I'll be lucky if I end up with a dozen after finding 25 blocks.

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July 14, 2014, 03:39:56 AM
 #359

I keep getting with the older version cgminer: ./cgminer: --scrypt: unrecognized option     

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July 14, 2014, 03:47:13 AM
 #360

Maybe try sgminer.  Did you say you were using a bitcoin asic?

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