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Author Topic: BTCD is no more  (Read 1314839 times)
bitkokos
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August 14, 2014, 12:33:02 PM
 #3461

at the beginning I put a wrong port. 3333 instead of 3336.
I saw I had to wait for a few minutes after starting sgminer.

now it's hashing and submitting shares at 3mh. I think It can go to 4mh/s somehow
i am currently of my pc but as soon as i get back i can send you a conf file so you can improve hashrate

For the moment I am trying X11 for testing purposes.
Electricity is too expensive here so I will only mine for a few hours to see how is the total profitability over scrypt.
Wattage dropped from 410watts (Scrypt) to 265 (x11)
x11 uses less power than scrypt and as for profitability curently scrypt is 0.3580 BTC/GH/Day and x11 0.1842 BTC/GH/Day

Yes, so I better stay with 1.3mh/s scrypt at 45watts and SHA256 9.5gh at 30 watts ^_^

O_o
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IceColdTommy
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August 14, 2014, 12:35:01 PM
 #3462

at the beginning I put a wrong port. 3333 instead of 3336.
I saw I had to wait for a few minutes after starting sgminer.

now it's hashing and submitting shares at 3mh. I think It can go to 4mh/s somehow
i am currently of my pc but as soon as i get back i can send you a conf file so you can improve hashrate

For the moment I am trying X11 for testing purposes.
Electricity is too expensive here so I will only mine for a few hours to see how is the total profitability over scrypt.
Wattage dropped from 410watts (Scrypt) to 265 (x11)
x11 uses less power than scrypt and as for profitability curently scrypt is 0.3580 BTC/GH/Day and x11 0.1842 BTC/GH/Day

Yes, so I better stay with 1.3mh/s scrypt at 45watts and SHA256 9.5gh at 30 watts ^_^
you could do x15 with your gpu currently is most profitable for the multipool, or you can always the multialgo
bitkokos
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August 14, 2014, 12:42:21 PM
Last edit: August 14, 2014, 12:57:44 PM by bitkokos
 #3463

at the beginning I put a wrong port. 3333 instead of 3336.
I saw I had to wait for a few minutes after starting sgminer.

now it's hashing and submitting shares at 3mh. I think It can go to 4mh/s somehow
i am currently of my pc but as soon as i get back i can send you a conf file so you can improve hashrate

For the moment I am trying X11 for testing purposes.
Electricity is too expensive here so I will only mine for a few hours to see how is the total profitability over scrypt.
Wattage dropped from 410watts (Scrypt) to 265 (x11)
x11 uses less power than scrypt and as for profitability curently scrypt is 0.3580 BTC/GH/Day and x11 0.1842 BTC/GH/Day

OK I will give that a try too.

Same sgminer and settings, just different port ?
Yes, so I better stay with 1.3mh/s scrypt at 45watts and SHA256 9.5gh at 30 watts ^_^
you could do x15 with your gpu currently is most profitable for the multipool, or you can always the multialgo
so, I just have to change port to 3339 and -k x11mod into something else in sgminer?
EDIT: I have changed port to 3339 and -k x15mod. it's hashing at 2.2mh/s

O_o
Starfleet.Intelligence
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August 14, 2014, 01:18:30 PM
 #3464


I can help with transcription of the darkpaper into LaTeX format if wanted. That would make the paper look somehow scientific...
Also I can do some of the designs in a vector graphics format if wanted.

Just PM me some of the devs if that help is appreciated.

Yes!
Soon I hope we will get some fancy math formulas and will definitely need something like this to display it right.
Anything to make it better will be great

I also have Chinese translation underway. Maybe we should also translate to some other major languages?

James

Yeah just let me know when time has come, Im waiting in the wings. Not sure if I could get the chinese transition on its way though. Maybe there would be some external help needed...

Im not very active in posting, but I read most of the topic here. For me this whole BTCD story is more interesting for me than a thriller. I admire your work devs!
IceColdTommy
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August 14, 2014, 01:23:00 PM
 #3465

at the beginning I put a wrong port. 3333 instead of 3336.
I saw I had to wait for a few minutes after starting sgminer.

now it's hashing and submitting shares at 3mh. I think It can go to 4mh/s somehow
i am currently of my pc but as soon as i get back i can send you a conf file so you can improve hashrate

For the moment I am trying X11 for testing purposes.
Electricity is too expensive here so I will only mine for a few hours to see how is the total profitability over scrypt.
Wattage dropped from 410watts (Scrypt) to 265 (x11)
x11 uses less power than scrypt and as for profitability curently scrypt is 0.3580 BTC/GH/Day and x11 0.1842 BTC/GH/Day

OK I will give that a try too.

Same sgminer and settings, just different port ?
Yes, so I better stay with 1.3mh/s scrypt at 45watts and SHA256 9.5gh at 30 watts ^_^
you could do x15 with your gpu currently is most profitable for the multipool, or you can always the multialgo
so, I just have to change port to 3339 and -k x11mod into something else in sgminer?
EDIT: I have changed port to 3339 and -k x15mod. it's hashing at 2.2mh/s
great, most profitable algo changes few times during the day i will add a section on page to state wich algo is most profitable that moment soon
From Above
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August 14, 2014, 01:23:35 PM
 #3466

i am curious is the jl777 a guy or gal?

~CfA~

jeezy
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August 14, 2014, 01:56:49 PM
 #3467

i am curious is the jl777 a guy or gal?

~CfA~


Since his name is "James" I'm pretty sure he is a guy.  Grin
crackfoo
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August 14, 2014, 01:57:32 PM
 #3468

xpool works?

Yes btcd.xpool.ca does. I posted a msg a page or two back.

Cheers!

If you are looking for updates and info about my BitcoinDark Multipool, you'll need to visit my pool's BCT thread as the mods will treat anymore posts here as SPAM.

My thread is:

https://bitcointalk.org/index.php?topic=650952.0

Cheers!

From Above
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August 14, 2014, 02:01:51 PM
 #3469

i am curious is the jl777 a guy or gal?

~CfA~


Since his name is "James" I'm pretty sure he is a guy.  Grin

thanks my friend !

~CfA~

PilotofBTC
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August 14, 2014, 03:12:58 PM
 #3470

I dont want to take any chances with peoples BTC deposits. Will you guarantee that bitcoind will NEVER go on a fork for more than 3 blocks? I have seen quite a few things that should never happen, yet does.

Didnt Mtgox go under because they only required 1 confirm?
3 is the bare minimum and it is set to 4 now, but with the difference in NXT blocktimes, sometimes it adds another block.

Not sure why it goes to 6 blocks sometimes, maybe a long NXT block and a couple fast BTC blocks?

No, MtGox went under either because Karples stole the bitcoin and claimed he was hacked. Or, they actually were hacked. I don't recall reading anywhere that it was due to double spend issues.

That said, I can't guarantee anything. But, if the mgw and AE is supposed to compete with exchanges.... Has there ever been a BTC fork the invalidated a spend with 3 confirms?

Anyway, my spend to the mgw was at 9 confirms and over an hour and still I hadn't been sent the assets.
jl777
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August 14, 2014, 04:18:32 PM
 #3471

The only concern I have about BTCD is the 5% staking inflation. Short term, that doesn't matter much, but long term it seems high and will put a constant downward pressure on prices. Why was 5% chosen? 2% sounds a much better figure to me.
I wasnt around when this was decided, but
The actual figure is closer to 4%, so it is about 100 coins per day, even with compounding it will take decades to get to 10 million coins, I think around 60 years to reach the max

so for practical purposes, since the base is so small, 1.2 mil, the number of coins over the critical next three years is 1.2 to 1.3 million
I think this rate of inflation is less than bitcoin is now after 5+ years, with a few more years before the inflation is about the same

One of the cool thinks about BTCD is that the staking actually provides meaningful income. While at current prices the staking income wont be that much, as the value of BTCD rises, the staking could provide a permanent funding for anybody who was smart enough to buy a big enough stake.

James

P.S. Longer term, we will need all the BTCD the staking will create if only to compensate for BTCD in cold storage telepods

Without coin inflation, more BTCD in cold storage telepods means more scarcity and higher prices. I don't see a problem with that Smiley.

Is there a maximum number of coins hardcoded?

One of the things people love about bitcoin is the fixed supply. There will only ever be 21million. The more extra coins being added, the harder a coin has to hold its value (see Dogecoin, Mintcoin). From this point of view, 5% in perpetuity seems large. I'm thinking longterm here, as in 5, 10, 100 years down the line. Things can't be changed when a coin has matured, but perhaps it can now at this early stage. (If it can't then there's no much point in this discussion; if it can then maybe a poll?)

I'm imagining a world with BTCD as the main world currency. At 5% a year, the price of BTCD will continually go down. At 5% a year, it'll often be better for investors to hold their money rather than spend it, killing investment. 2%, though, is considered the best case inflation for modern economies. 2% will allow BTCD to be staked/saved for a reasonable return, but will also encourage spending/investment.

I realize that hardly anyone is thinking that far ahead, but the better thought out a coin is, the better its chance of success. Some economists dismiss bitcoin because of longterm deflation and could favor a 2% inflation coin. I know from an altcoin investment point of view, I'm more interested in coins with less inflation--I think some people could dismiss a 5% inflation coin out of hand just from that one fact.

Edit: used the 5% figure rather than 4% because that's what it says in the OP. Is the % fixed or does it vary based on how many people are staking?
The number of BTCD will eventually be the same as the number of BTC, at least within a few percentage points. I am not sure of the exact number but 21 to 22 million total.

I am no economist and I like the "higher than optimal" 5%, as it means 2.5% more revenue for me Smiley

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Azeh
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August 14, 2014, 04:43:23 PM
 #3472

Donation Update!

We're now asking the community to help raise funds for development purposes.  We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis.  The process will be transparent and all funds being paid out will be listed on the new website.  

Our short term goal is to raise 5000 BTCD.  We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

James (jl777) will match all BTCD raised for donations with an equal market value of NXTprivacy

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW


Current Total: 464.3495
thevampireskilledit
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August 14, 2014, 04:58:14 PM
 #3473

Donation Update!

We're now asking the community to help raise funds for development purposes.  We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis.  The process will be transparent and all funds being paid out will be listed on the new website.  

Our short term goal is to raise 5000 BTCD.  We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

James (jl777) will match all BTCD raised for donations with an equal market value of NXTprivacy

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW


Current Total: 464.3495

Just sent 36 to hit 500. Smiley
Azeh
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August 14, 2014, 05:02:53 PM
 #3474

Donation Update!

We're now asking the community to help raise funds for development purposes.  We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis.  The process will be transparent and all funds being paid out will be listed on the new website.  

Our short term goal is to raise 5000 BTCD.  We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

James (jl777) will match all BTCD raised for donations with an equal market value of NXTprivacy

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW


Current Total: 464.3495

Just sent 36 to hit 500. Smiley

Awesome, thanks!

Current Donation total 500.3495 BTCD
VanBreuk
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August 14, 2014, 05:10:08 PM
 #3475

Hello BTCD crowd,

I'm an admin at nxtforum.org and the Nxt Wiki, I manage http://multigateway.org, the MGW service docs/user support and others, and overall I try to keep up following developments lead by James. He sensibly suggested me to follow the BTCD thread, so here I am, trying to catch up.

So just saying hi, and if there's any ongoing initiatives I can be useful for, please let me know. I'm a very small BTCD holder but seems clear that this will become my second stop after Nxt Smiley

Keep up the great work.
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August 14, 2014, 05:20:27 PM
 #3476

Hello BTCD crowd,

I'm an admin at nxtforum.org and the Nxt Wiki, I manage http://multigateway.org, the MGW service docs/user support and others, and overall I try to keep up following developments lead by James. He sensibly suggested me to follow the BTCD thread, so here I am, trying to catch up.

So just saying hi, and if there's any ongoing initiatives I can be useful for, please let me know. I'm a very small BTCD holder but seems clear that this will become my second stop after Nxt Smiley

Keep up the great work.

Hello VanBreuk Smiley A good few NXTers here for some reason...
crackfoo
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August 14, 2014, 05:21:55 PM
 #3477

Hope everyone enjoys the new look!







I like the way it conveys "bitcoin" in dark
Not sure about upper lower case, but the important thing is to convey that BTCD makes bitcoin itself dark
people will assume (correctly) that BTCD itself is dark, but most will be surprised that BTCD makes Bitcoin Dark

James

That's why the main image represents a portal..."teleport".  A lot of time and effort was put into this by the non-core dev team, and I'm pretty happy with the final logo we've developed.  We've moved away from the "coin" image that everyone else seems to be stuck on.  Our logo represents a portal in abstract form and will be easily recognizeable, and is perfectly scaleable, so it is very to make out even at small sizes.  Another aspect is that the gold logo will be the main logo, however we can use different colors for different features, e.g. blue for teleport, green for privatebet, black for anon card, etc.

are you changing the logo again?

VanBreuk
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August 14, 2014, 05:28:53 PM
 #3478

Hello BTCD crowd,

I'm an admin at nxtforum.org and the Nxt Wiki, I manage http://multigateway.org, the MGW service docs/user support and others, and overall I try to keep up following developments lead by James. He sensibly suggested me to follow the BTCD thread, so here I am, trying to catch up.

So just saying hi, and if there's any ongoing initiatives I can be useful for, please let me know. I'm a very small BTCD holder but seems clear that this will become my second stop after Nxt Smiley

Keep up the great work.

Hello VanBreuk Smiley A good few NXTers here for some reason...

Hello, sir. I believe nxters will be described in the future as having a sharp sense of smell Smiley
Azeh
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August 14, 2014, 05:33:07 PM
 #3479

Hope everyone enjoys the new look!







I like the way it conveys "bitcoin" in dark
Not sure about upper lower case, but the important thing is to convey that BTCD makes bitcoin itself dark
people will assume (correctly) that BTCD itself is dark, but most will be surprised that BTCD makes Bitcoin Dark

James

That's why the main image represents a portal..."teleport".  A lot of time and effort was put into this by the non-core dev team, and I'm pretty happy with the final logo we've developed.  We've moved away from the "coin" image that everyone else seems to be stuck on.  Our logo represents a portal in abstract form and will be easily recognizeable, and is perfectly scaleable, so it is very to make out even at small sizes.  Another aspect is that the gold logo will be the main logo, however we can use different colors for different features, e.g. blue for teleport, green for privatebet, black for anon card, etc.

are you changing the logo again?

Not the logo, but he color for the main logo will be blue.  

1) A lot of feedback was critical of such a radical logo change and blue is more related to the old logo.

2) The blue spiral logo will fit in much better with the space theme that will be presented on the new websites.

The key here is the actual spiral logo will remain unchanged.  Other colors variations of the logo will be used as they are needed, however the plan is to make the blue logo the main logo image.

edit** new images can be found here: http://s46.photobucket.com/user/bitcoindark1/library/Official%20BitcoinDark%20logos%20and%20images?sort=4&page=1
crackfoo
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August 14, 2014, 05:38:51 PM
 #3480

Quote

That's why the main image represents a portal..."teleport".  A lot of time and effort was put into this by the non-core dev team, and I'm pretty happy with the final logo we've developed.  We've moved away from the "coin" image that everyone else seems to be stuck on.  Our logo represents a portal in abstract form and will be easily recognizeable, and is perfectly scaleable, so it is very to make out even at small sizes.  Another aspect is that the gold logo will be the main logo, however we can use different colors for different features, e.g. blue for teleport, green for privatebet, black for anon card, etc.

are you changing the logo again?

Not the logo, but he color for the main logo will be blue.  

1) A lot of feedback was critical of such a radical logo change and blue is more related to the old logo.

2) The blue spiral logo will fit in much better with the space theme that will be presented on the new websites.

The key here is the actual spiral logo will remain unchanged.  Other colors variations of the logo will be used as they are needed, however the plan is to make the blue logo the main logo image.

Thanks, I'll update it again on my multipool.

Cheers!

BitcoinDark Multipool
http://btcd.xpool.ca

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