BANKSYCOIN (SOON TO BE ARTSYCOIN) - ORIGINAL OFFICIAL THREAD

[IanFoxley]

If possible, I would like people to check their debug.log file in the same folder the wallet.dat and the banksycoin.conf files goes in.

It is getting very large on my PC, so much so I was running out of diskspace and the same could be happening to you, but you might not realise it yet.

I have PM'd the dev and I hope he will take a look at it and try and work out why it is doing it.

It might just be my debug.log, but I would like you all to have a look as well.

[IanFoxley]

Ok.

Who sold 100 000 bsy coins at 2 satoshi each? That's around 1.20 USD 

Crazy!, now folks who will want to buy this coin will think any price more than that is too expensive.

100 000 banksy takes ages to mine and the amount of power etc you use, and the amount of coins in a block would mean that selling them at 2 satoshi is just crazy.

Why do people try and sell at lower and lower prices...??

People were buying at a certain price, but then people set up sells that are almost half that. Crazy!

Think about how much energy you use up to mine, the amount of coins in a block.. When you see them for such little amounts, you are not gonna get the money back for the energy you are paying for, mining it in the first place and you are just letting whales with lots of money, just hoover them up for basically, nothing.

Take me for example, it tells me in the pool that I will get around 450 bsy coins a day at my current hashrate, which is 715 Kh/s. So if people are just selling them at 2 satoshi each, I might as well just mine a coin that gets 1000s of coins in a block as might have more chance of getting a profit, what is the point?

Just have to look on the bright side and look forward to the coins I might be getting in the give-away.

Sorry, just having a rant! lol

[Timespace]

Ok.

Who sold 100 000 bsy coins at 2 satoshi each?

Crazy, now folks who will want to buy this coin will think any price more than that is too expensive.

100 000 banksy takes ages to mine and the amount of power etc you use, and the amount of coins in a block would mean that selling them at 2 satoshi is just crazy.

Why do people try and sell at lower and lower prices...??

People were buying at a certain price, but then people set up sells that are almost half that. Crazy!

Think about how much energy you use up to mine, the amount of coins in a block.. WHen you see them for such little amounts, you are not gonna get the money back for the energy you are paying for, mining it in the first place and you are just letting whales with lots of money, just hoover them up for basically, nothing.

Take me for example, it tells me in the pool that I will get around 1500 bsy coins a day at my current hashrate, which is 715 Kh/s. So if people are just selling them at 2 satoshi each, I might as well just mine a coin that gets 1000s of coins in a block as might have more chance of getting a profit, even though my GPU burns electricity like crazy.

Sorry, just having a rant! lol

I saw this and wondered the same question.  There are only a few things I can fathom.  Someone accidentally a button.  Someone feels the need to share some love.  Someone wants the coin to be devalued right off the bat and doesn't give a flip about chump change.  Also, this person could be selling to themselves to reduce risk, and they actually do care about maintaining some value.  May actually be a tactic to get miners to dump really cheap coins into your wallet.  Lemmings jumping off a cliff comes to mind.

Those are the three options off the top of my head.  Its weird, but not really a bad thing.  As long as supporters keep coming, things are good.  Most coins never see 1 satoshi, or maybe it is the other way around.  It will be interesting to see what happens.  

There are over a hundred million Banksycoins currently.  I assume 95 million still unallocated from the premine for giveaways.  The first 5 million already allocated for the first giveaway.  It will take years before there are 200 million coins though.  There are only thousands created each day for the life of the coin.  It is rare enough to scratch your head when 100k goes for 2 satoshi.  That is for sure.  We likely will not see that happen again with this coin.  

EDIT: Also, if you are mining scrypt with GPU, you are missing out on profits you could be making if you mined another algorithm that uses less energy, makes you more BTC per day, and adds more buy support for Banksycoin.  In other words you can likely make more Banksycoin mining a GPU friendly algorithm and buying Banksycoin on exchanges.  I know exchanges just started for Banksycoin, and prices will be wild for a bit, but you can help stabilize it with buy support.

[IanFoxley]

Ok.

Who sold 100 000 bsy coins at 2 satoshi each?

Crazy, now folks who will want to buy this coin will think any price more than that is too expensive.

100 000 banksy takes ages to mine and the amount of power etc you use, and the amount of coins in a block would mean that selling them at 2 satoshi is just crazy.

Why do people try and sell at lower and lower prices...??

People were buying at a certain price, but then people set up sells that are almost half that. Crazy!

Think about how much energy you use up to mine, the amount of coins in a block.. WHen you see them for such little amounts, you are not gonna get the money back for the energy you are paying for, mining it in the first place and you are just letting whales with lots of money, just hoover them up for basically, nothing.

Take me for example, it tells me in the pool that I will get around 1500 bsy coins a day at my current hashrate, which is 715 Kh/s. So if people are just selling them at 2 satoshi each, I might as well just mine a coin that gets 1000s of coins in a block as might have more chance of getting a profit, even though my GPU burns electricity like crazy.

Sorry, just having a rant! lol

I saw this and wondered the same question.  There are only a few things I can fathom.  Someone accidentally a button.  Someone feels the need to share some love.  Someone wants the coin to be devalued right off the bat and doesn't give a flip about chump change.  Also, this person could be selling to themselves to reduce risk, and they actually do care about maintaining some value.  May actually be a tactic to get miners to dump really cheap coins into your wallet.  Lemmings jumping off a cliff comes to mind.

Those are the three options off the top of my head.  Its weird, but not really a bad thing.  As long as supporters keep coming, things are good.  Most coins never see 1 satoshi, or maybe it is the other way around.  It will be interesting to see what happens.  

There are over a hundred million Banksycoins currently.  I assume 95 million still unallocated from the premine for giveaways.  The first 5 million already allocated for the first giveaway.  It will take years before there are 200 million coins though.  There are only thousands created each day for the life of the coin.  It is rare enough to scratch your head when 100k goes for 2 satoshi.  That is for sure.  We likely will not see that happen again with this coin.  

EDIT: Also, if you are mining scrypt with GPU, you are missing out on profits you could be making if you mined another algorithm that uses less energy, makes you more BTC per day, and adds more buy support for Banksycoin.  In other words you can likely make more Banksycoin mining a GPU friendly algorithm and buying Banksycoin on exchanges.  I know exchanges just started for Banksycoin, and prices will be wild for a bit, but you can help stabilize it with buy support.

I am sure if you take the premine away and think about just normal blocks for now, theres almost 900 000 bsy coins out there and climbing, slowly, so it just seems crazy, that someone just sold off a ninth of it for so little.

Oh I do realise that about the GPU thing, I just wanted to mine it as difficulty is still quite low, and as time gets on, it will get to a point where it is crazy. I have a cloudmining account too and I get around
0.009 BTC a day with that at the moment, so now there is an exchange up and running, will probably buy BSY coins with the BTC I get each day, as people are obviously wanting to sell it at silly prices!

I jumped on this coin when the difficulty was very low, so got a lot of blocks because of it, which I want to hang onto and stake as much as possible and add some more. The coin is around a week old, so still a long way to go.

[Timespace]

I think it is a tactic to get cheap coins, and the coins never actually left the possession of the miner/seller.  That is just a guess though.

[IanFoxley]

I think it is a tactic to get cheap coins, and the coins never actually left the possession of the miner/seller.  That is just a guess though.

Perhaps.

Can you do something for me and check your debug.log in the same folder that your wallet.dat and conf file are in, as mine was getting very large and I was asking people to check theirs.
Mine got to over 20gigabytes in size and I only found out when I had message boxes when I got up this morning, telling me my drive had ran out of space.

[diks]

good job
liked in FB ))


send pm

[Timespace]

I think it is a tactic to get cheap coins, and the coins never actually left the possession of the miner/seller.  That is just a guess though.

Perhaps.

Can you do something for me and check your debug.log in the same folder that your wallet.dat and conf file are in, as mine was getting very large and I was asking people to check theirs.
Mine got to over 20gigabytes in size and I only found out when I had message boxes when I got up this morning, telling me my drive had ran out of space.

Mine is less than 10 MB.  I saw that happen with the Cinnicoin debug file on my mac.  Never figured it out.  Running Banksycoin in Windows 7 currently.  

Edit:  Have you started staking?  I haven't staked any coins yet.  My coins aren't quite mature enough.

[IanFoxley]

I think it is a tactic to get cheap coins, and the coins never actually left the possession of the miner/seller.  That is just a guess though.

Perhaps.

Can you do something for me and check your debug.log in the same folder that your wallet.dat and conf file are in, as mine was getting very large and I was asking people to check theirs.
Mine got to over 20gigabytes in size and I only found out when I had message boxes when I got up this morning, telling me my drive had ran out of space.

Mine is less than 10 MB.  I saw that happen with the Cinnicoin debug file on my mac.  Never figured it out.  Running Banksycoin in Windows 7 currently.  

Edit:  Have you started staking?  I haven't staked any coins yet.  My coins aren't quite mature enough.

Yes, been staking for a couple of days now, which is when this problem seems to have started, so I think more and more people will get this problem if they are holding them.
I have PM'd the dev about it as well.

[Timespace]

We shall see soon enough. 

[IanFoxley]

It just keeps adding these lines all the time and just gets bigger and bigger, I have to keep deleting it every now and then as it just grows so fast.

>>> CheckStakeKernelHash - hashProofOfStake too much
>>> CheckStakeKernelHash: nTimeWeight = 137076
>>> CheckStakeKernelHash: passed GetKernelStakeModifier
>>> bnCoinDayWeight = 26, bnTargetPerCoinDay=110427836236357352041769395878404723568785424659630784333489133269811200

Edit: I found a workaround by adding this line to the banksycoin.conf file
printtoconsole=1

That basically stops it from writing the log file out in the first place. Just hope there isn't an side effects from doing that though.

[Timespace]

It just keeps adding these lines all the time and just gets bigger and bigger, I have to keep deleting it every now and then as it just grows so fast.

>>> CheckStakeKernelHash - hashProofOfStake too much
>>> CheckStakeKernelHash: nTimeWeight = 137076
>>> CheckStakeKernelHash: passed GetKernelStakeModifier
>>> bnCoinDayWeight = 26, bnTargetPerCoinDay=110427836236357352041769395878404723568785424659630784333489133269811200

Edit: I found a workaround by adding this line to the banksycoin.conf file
printtoconsole=1

That basically stops it from writing the log file out in the first place. Just hope there isn't an side effects from doing that though.

Interesting.  I know nothing about what the effects could be.

[IanFoxley]

It just keeps adding these lines all the time and just gets bigger and bigger, I have to keep deleting it every now and then as it just grows so fast.

>>> CheckStakeKernelHash - hashProofOfStake too much
>>> CheckStakeKernelHash: nTimeWeight = 137076
>>> CheckStakeKernelHash: passed GetKernelStakeModifier
>>> bnCoinDayWeight = 26, bnTargetPerCoinDay=110427836236357352041769395878404723568785424659630784333489133269811200

Edit: I found a workaround by adding this line to the banksycoin.conf file
printtoconsole=1

That basically stops it from writing the log file out in the first place. Just hope there isn't an side effects from doing that though.

Interesting.  I know nothing about what the effects could be.

Apparently it sends the info to the wallets console instead of writing it out in a text file.

I have noticed though that the wallet CPU time has gone down a lot, probably updating the text file was using up my CPU power, plus my stakes are going a lot quicker now, probably due to the CPU thing as well.

[roslinpl]

Hey!

You want to see something more from upcoming BanksyCoin Game?

I can show you how will Main Menu looks like
https://www.youtube.com/watch?v=mHnPLRdd6VY&feature=youtu.be

[minerjoen]

Hi,

Just so that everyone knows we would love to respond to each pm but this time limit between messages is making it quite awkward. So please don't feel offended if we don't respond to your pm. Everyone who posts a positive comment on this thread and sends their wallet address will receive their coins on the 1st August   (the first 100 people)

BPqGexF----SOME BSY ADDY------5CscXuQyYi

Remove this post ... Addresses cannot be posted on the thread! can't you guys read the instructions?

I removed, i didn't understand his message well, anyway addresses cant be post anywhere... Website show that the first 100 is already taken.

[roslinpl]

I removed, i didn't understand his message well, anyway addresses cant be post anywhere... Website show that the first 100 is already taken.

Thanks for removing your addy - don't feel sorry about that you came too late to claim 50k - OP told us already that there will be more giveaways and bounties to claim so stay tuned!

[IanFoxley]

Hey!

You want to see something more from upcoming BanksyCoin Game?

I can show you how will Main Menu looks like
https://www.youtube.com/watch?v=mHnPLRdd6VY&feature=youtu.be

That looks cool!

[roslinpl]

Hey!

You want to see something more from upcoming BanksyCoin Game?

I can show you how will Main Menu looks like
https://www.youtube.com/watch?v=mHnPLRdd6VY&feature=youtu.be

That looks cool!

Glad you like it.
As this is only the main menu :-) the game is much more attractive :-)

[cigjonser]

I keep getting a "transaction creation failed" error when I try to send coins from the wallet.

[roslinpl]

I keep getting a "transaction creation failed" error when I try to send coins from the wallet.

I dunno nothing about it as I haven't seen that error but are you under Windows or other OS?