Bitmark

[testadimerlo]

thanks zandinga, i m going to watch

[1714971023]

1714971023

[Androidicus]

thanks zandinga, i m going to watch

stratum+tcp://de3.miningpool.co:22011
stratum+tcp://us4.miningpool.co:22013

stratum+tcp://pool.xhash.net:3406

Not forgetting when ready the  IPM

 

[82ndabnmedic]

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

At current difficulty you will roughly mine about 20 BTM / 1MH / Day (+/- 7 BTM)

[testadimerlo]

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

At current difficulty you will roughly mine about 20 BTM / 1MH / Day (+/- 7 BTM)

Thanks. At the current rate, 1 day renting scrypt rig is about 0.77 a day. It means that I should pay 0.77 BTC to receive more or less a total amount of 7 BTM daily?
I hope I m wrong  

[82ndabnmedic]

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

At current difficulty you will roughly mine about 20 BTM / 1MH / Day (+/- 7 BTM)

Thanks. At the current rate, 1 day renting scrypt righ is about 0.77 a day. It means that I should pay 0.77 BTC to receive more or less a total amount of 7 BTM daily?
I hope I m wrong 

Perhaps I confused you further...check out Betarigs (https://www.betarigs.com/list?miner_type=1). There you will see the cost of renting a rig at different hash rates

[Zandinga]

Thanks. At the current rate, 1 day renting scrypt rig is about 0.77 a day. It means that I should pay 0.77 BTC to receive more or less a total amount of 7 BTM daily?
I hope I m wrong  

You are!
Current price is less than 0.001 per MH/s/24H
Look here: https://www.miningrigrentals.com/rigs/scrypt

[neleonele]

New Wiki Page: Solo Mining

Following multiple queries as to how to set up solo mining, I have finally managed to document Solo Mining on the Wiki.

If there are any questions or clarifications required please ask.


Proving the theory

Part of the rationale behind Bitmark's Block Chain configuration is the notion that more rewards per day will create a healthier network.

I have proved the theory twice myself already, and now I've challenged a small solo miner to help me prove it also.

He has 1.7 MH/s, and is therefore on the edge of luck. By the average network hashrate he should manage marginally over 1 block per day. Since you can only find complete blocks, this means he will get 20 or 40 BTM per day, 1 or 2 blocks. If he mined on a pool he would generate 20-21 BTM each day, by taking this challenge we can prove if solo mining is viable, and if our theory is sound.

The challenge I have set him is to see how lucky he is, he will mine for exactly 24 hours and report back as to how many blocks he finds. I will double whatever rewards he gets for doing this challenge.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged.}

With 1.7mhs i am filling like mouse....

in

Network Hashrate
1.3056 GH/s

Regards to all

[coinsolidation]

Mining Calculator

After seeing this discussion I've put together a quick mining calculator: http://bitmark.co/miningspeed

I'll make it nicer at a later date, add in any network hash speed in MH/s and click calculate.

update: fixed

[coinsolidation]

getMarked icon design, feedback request

<MarkPfennig> getMarked needs a small icon
<MarkPfennig> it will be used everywhere on the web, where ever you see a small heart, or a like, or an up arrow
<MarkPfennig> sometimes the symbol will be the only thing
<MarkPfennig> think of...
<MarkPfennig> the youtube thumb
<Allow> ok
<MarkPfennig> the vimeo and soundcloud heart
<MarkPfennig> the reddit up arrow
<MarkPfennig> it is to be a small icon that may potentially be on every website in the world
<MarkPfennig> so it must be simple, clear, and generic.. it is to represent "give reputation" or "give karma" or "give a small amount of money" or "like this"
<MarkPfennig> the icon should express those thoughts
<Allow> maybe a "M" with double stripes left and right?"

I have agreed with Allow and asked him to create a visual proposal of this, does everybody agree?

[schnötzel]

getMarked icon design, feedback request

<MarkPfennig> getMarked needs a small icon
<MarkPfennig> it will be used everywhere on the web, where ever you see a small heart, or a like, or an up arrow
<MarkPfennig> sometimes the symbol will be the only thing
<MarkPfennig> think of...
<MarkPfennig> the youtube thumb
<Allow> ok
<MarkPfennig> the vimeo and soundcloud heart
<MarkPfennig> the reddit up arrow
<MarkPfennig> it is to be a small icon that may potentially be on every website in the world
<MarkPfennig> so it must be simple, clear, and generic.. it is to represent "give reputation" or "give karma" or "give a small amount of money" or "like this"
<MarkPfennig> the icon should express those thoughts
<Allow> maybe a "M" with double stripes left and right?"

I have agreed with Allow and asked him to create a visual proposal of this, does everybody agree?

Have to see it but personally i would  prefer a positive/impulsive symbol. Double stripes = "pay for"  but with "marking" i want to push/ support someone = lot´s of emotions. In exaggerated words: I would give you a "thumb" in youtube but never a "heart" in soundcloud. 
On the other hand i don´t know which symbol we could use. So yeah - M with stripes is fine  

[coinsolidation]

Have to see it but personally i would  prefer a positive/impulsive symbol. Double stripes = "pay for"  but with "marking" i want to push/ support someone = lot´s of emotions. In exaggerated words: I would give you a "thumb" in youtube but never a "heart" in soundcloud. 
On the other hand i don´t know which symbol we could use. So yeah - M with stripes is fine  

He became inspired and has created something new, I am very impressed! He is putting it in context now so he can you show you all

[Zandinga]

getMarked icon design, feedback request

<MarkPfennig> getMarked needs a small icon
<MarkPfennig> it will be used everywhere on the web, where ever you see a small heart, or a like, or an up arrow
<MarkPfennig> sometimes the symbol will be the only thing
<MarkPfennig> think of...
<MarkPfennig> the youtube thumb
<Allow> ok
<MarkPfennig> the vimeo and soundcloud heart
<MarkPfennig> the reddit up arrow
<MarkPfennig> it is to be a small icon that may potentially be on every website in the world
<MarkPfennig> so it must be simple, clear, and generic.. it is to represent "give reputation" or "give karma" or "give a small amount of money" or "like this"
<MarkPfennig> the icon should express those thoughts
<Allow> maybe a "M" with double stripes left and right?"

I have agreed with Allow and asked him to create a visual proposal of this, does everybody agree?

I think the icon should include a check mark symbol as someone has proposed before.

[testadimerlo]

Thanks. At the current rate, 1 day renting scrypt rig is about 0.77 a day. It means that I should pay 0.77 BTC to receive more or less a total amount of 7 BTM daily?
I hope I m wrong  

You are!
Current price is less than 0.001 per MH/s/24H
Look here: https://www.miningrigrentals.com/rigs/scrypt

thanks a lot. Finally I ve learned how to rent a rig. "a little step for a man a big step for humanity"  
Last question: actually my mined stake is " unconfirmed".. Will it be confirmed at the end of the renting period?
thanks and let s go!

[coinsolidation]

Last question: actually my mined stake is " unconfirmed".. Will it be confirmed at the end of the renting period?

BTM takes 721 Blocks to mature, roughly 1 Day.

The rationale for this decision is can be found on the wiki.

[testadimerlo]

Last question: actually my mined stake is " unconfirmed".. Will it be confirmed at the end of the renting period?

BTM takes 721 Blocks to mature, roughly 1 Day.

The rationale for this decision is can be found on the wiki.

Ok, fine 

[coinsolidation]

I agree thank you for posting that Vald. Allow gave some alternative suggestions after and will be showing us all 3 proposals tomorrow. I have seen two and they are very smart.

IPM Pool Test
The outstanding results from the previous test have been sent, generating 3306 BTM for investors and 174 for the Bitmark Foundation

Code:

Status: confirmed, broadcast through 12 nodes
Date: 25/07/2014 22:27
745.00782472 BTM to bYBJ77hXNiBBzLhaRZgpsDMZd3qZ3hnzi3
1423.15075639 BTM to bDz5HR4xQCKsXw97riGN5yCss7FBaEncQ6
1137.84141889 BTM to bYuD37BenegbPGohewtQSooF4W552y53oX
174.0017 BTM to the Bitmark Foundation bQmnzVS5M4bBdZqBTuHrjnzxHS6oSUz6cG
Transaction fee: -0.0026 BTM
Net amount: -3480.0043 BTM
Transaction ID: ffa74d8e5ea7a4572b80379986894a1d6ba9fd0b8dce235c1c792ce58696152e

Medic, Schnotzel both of your investments are complete. Pablo yours is partially complete, Danny yours will begin in the next round.

Code:

Time Period:		24 Hours
Network Difficulty:	20.4825
Network Block Target: 	252
Target Net Hashrate:	733.1 MH/s
IPM Pool Hashrate:	256 MH/s (35% of target)
IPM Pool Network %:	28.34%
IPM Pool Block Target:	252 Blocks
IPM Pool Blocks Found:	174 Blocks
Production Cost/BTM:	0.00007285 BTC
Investor Cost/BTM:	0.00007668 BTC

The remaining investments will fill the live IPM Pool from tomorrow until complete.

Summary of recent topics
1. Bitmark Mining Speed Calculator
2. Solo Mining Documentation
3. Comparison of the Currency Supply of Bitcoin, Bitmark, and Litecoin
4. bitmark.co, getMarked, discourse.org, BeerAdvocate, and more
5. getMarked - providing instant one click viral crowd funding for everybody in the world at web scale.

Extended discussion of 4 and 5 which focus on our adoption plan can be found on previous pages.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged - Get Bitmarks and help make them more useful!}

[dannygroove]

Impressive work! Sometimes its so complicated to follow the discussions in this kind of board, If you for any reason dissapear for 1 day you have to go back a couple of pages to get back in track!

I also agree with the M and double stripes proposal, I do agree with Zandinga that it should or could include a checkmark.

[coinsolidation]

Agreed, we can begin work on our wonderful marked powered bitcoin.co website in the next day or two. It will have a positive impact on every part of the project I am sure.

[coinsolidation]

Bitmark's Value
A currency with no initial price tag, and which earns value over time? No exchange? What is it's value?

8 separate partnerships have been formed to set up businesses and services around Bitmark and getMarked.

Most members of the community are discussing Marking with their real world friends who have no interesting in crypto currency, several of them have suggested to set up businesses around it, asked for help to set up mining rigs, or are discussing ideas for things to be built on getMarked and have approached me to ask if I can help with integration. These are real people who do not know crypto, sitting over lunch or beer being inspired.

3 individuals have committed themselves to earning and creating their own full time job within the Bitmark foundation, several others are considering it.

I have reached out to enquire about services to 4 medium to large real world businesses, all of them have taken a great interest in the project and are emailing me daily to discuss what they can do to support and how they can be involved.

60 or more miners are on the network full time, only to acquire bitmarks, and to take all profit in bitmarks not other currencies. 2 professional mining syndicates have committed to support the network and take all profit in BTM. No Bitmarks have been sold.

The community members directly in contact with me daily or bi-daily who are creating things for or on bitmark now number more than 40. With 15-20 spending all their available time focussed on the project and it's offshoots. Nearly every person who has messaged or posted is now involved in some capacity.

Every one of these people, apart from some minor exceptions, plan to use Marks as currency, and also reputation. They are focussed on increasing it's usefulness, using it with others they know in real life and in multiple communities, and can see many ways for them to use it in various avenues of their life.

We are 13 days in to the project.

Now, let me ask you a question, how can this enable you to do something you will enjoy doing? Where will you enjoy using it? Read it and see if you become inspired, then let us know and we will support you in achieving your goals in every way we can.

If you are deeply engrained in the current alternative coin sector, a miner, trader, or investor, maybe our IPM Proposal can be applied to your interests?

Outside of this project there are other issues, for example helping our communities to work with government imposed firewalls.

^{getMarked Funding Goal: 1.11 of 8 BTC, with 1.05 BTC pledged - Get (bit)marks and help make them more useful!}

[tdokta]

not being a software developer, i cant really help out in those ares, but will work with what i can to get things going.  thanks for the creation of this service ...

real world application; am in the process of developing a community trading site with another project team, will look at integration of getmarked once it is ready to go.