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Author Topic: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs  (Read 1095171 times)
Mr.Joker
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July 17, 2014, 02:16:10 AM
 #981

Don't know if it's going down that much.

The diff is increasing like crazy, at a sudden moment, it's not profitable anymore for multipools, so dumping will stop.

Also 6000 blocks left * 80 = 480000 coins.

At the current price is 174BTC = not that much Smiley

many of those 6000 blocks can be pos blocks Smiley

Yes, that's true!

So maybe 3000 PoW blocks.....

That's only 90BTC worth of coins, it's nothing!

Thats why everyone just have to stake their coins, it will lead to quicker ending of PoW phase
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July 17, 2014, 02:22:29 AM
 #982


{
"blocks" : 13909,
"moneysupply" : 918246.80055605,
"difficulty" : "proof-of-work" : 14171304.75291934
}


Which averages to just over 66 BTCD per block right now... thats a 17.5 % reduction in total coins minted to spec due to PoS.

This could scale up to 20% easily, and our production rate is way ahead of spec due to so much hashrate being steadily applied and these PoS blocks.

With 6250 blocks left to mint... 80% is 5000 blocks which is 400,000 more BTCD to mint in PoW estimated. PoW will end Sunday is my guess, with only 1.3M coins in circulation.

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July 17, 2014, 02:37:37 AM
 #983

hi,

could someone just sum up for me quickly whats happening with btcd?

i know james from nxt is working with you now but not sure what hes doing or whats planned

thanks

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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July 17, 2014, 02:40:47 AM
 #984

Just read the thread!
kodtycoon
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July 17, 2014, 02:41:51 AM
 #985

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here


"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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July 17, 2014, 02:47:38 AM
 #986

When I see one miner with 107 th/s on this coin, I know I need to keep my coins staking every 15 minutes in my wallet. Cool
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July 17, 2014, 02:48:09 AM
 #987

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here




Yes, it has been updated. PoW is reaching insane heights, difficulty and hash rate wise. We are now well over 1% of Bitcoins' net hashrate. James from NXT is working actively working with the devs. to implement cryptonote anon. feature along with other neat features, like perhaps a centralized, official exchange. They have been totally open about all of this and are ever-present in the community. The dev, Azeh, is a very active member here on Bitcointalk. PoS is rapidly approaching soon, meaning this coin is about to get even more rare. I believe a few pools are working on multipools to pay out in BTCD, meaning this coin is about to go to the moon.  Wink

https://mvplineup.com -- The FIRST Bitcoin-only Daily Fantasy Sports site. Inventor of Provably Fair for teams, FULL roster available, daily payout, 3 free games on signup!
kodtycoon
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July 17, 2014, 03:00:48 AM
 #988

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here




Yes, it has been updated. PoW is reaching insane heights, difficulty and hash rate wise. We are now well over 1% of Bitcoins' net hashrate. James from NXT is working actively working with the devs. to implement cryptonote anon. feature along with other neat features, like perhaps a centralized, official exchange. They have been totally open about all of this and are ever-present in the community. The dev, Azeh, is a very active member here on Bitcointalk. PoS is rapidly approaching soon, meaning this coin is about to get even more rare. I believe a few pools are working on multipools to pay out in BTCD, meaning this coin is about to go to the moon.  Wink

ok thanks. sounds good. Smiley whats the story with staking, how much could you expect per say ~1k/10k coins?

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July 17, 2014, 03:26:26 AM
 #989

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here


True story.
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July 17, 2014, 03:46:39 AM
 #990


{
"blocks" : 13909,
"moneysupply" : 918246.80055605,
"difficulty" : "proof-of-work" : 14171304.75291934
}


Which averages to just over 66 BTCD per block right now... thats a 17.5 % reduction in total coins minted to spec due to PoS.

This could scale up to 20% easily, and our production rate is way ahead of spec due to so much hashrate being steadily applied and these PoS blocks.

With 6250 blocks left to mint... 80% is 5000 blocks which is 400,000 more BTCD to mint in PoW estimated. PoW will end Sunday is my guess, with only 1.3M coins in circulation.
I hate to disagree with your numbers, but hasnt it been ~2 days since launch?
We are already two thirds to PoS
So at this rate PoW ends sometime Thursday and that's assuming hashrate doesnt go to 5 petahash, it already touched 3 petahash or 2% bitcoin's hashrate.

Anyway, I still WTB BTCD in bulk, but it seems the only time big sales happen are when I am debugging and not watching the market

James

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Mr.Joker
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July 17, 2014, 03:50:26 AM
 #991


{
"blocks" : 13909,
"moneysupply" : 918246.80055605,
"difficulty" : "proof-of-work" : 14171304.75291934
}


Which averages to just over 66 BTCD per block right now... thats a 17.5 % reduction in total coins minted to spec due to PoS.

This could scale up to 20% easily, and our production rate is way ahead of spec due to so much hashrate being steadily applied and these PoS blocks.

With 6250 blocks left to mint... 80% is 5000 blocks which is 400,000 more BTCD to mint in PoW estimated. PoW will end Sunday is my guess, with only 1.3M coins in circulation.
I hate to disagree with your numbers, but hasnt it been ~2 days since launch?
We are already two thirds to PoS
So at this rate PoW ends sometime Thursday and that's assuming hashrate doesnt go to 5 petahash, it already touched 3 petahash or 2% bitcoin's hashrate.

Anyway, I still WTB BTCD in bulk, but it seems the only time big sales happen are when I am debugging and not watching the market

James

It's 3000 blocks+- per 24 hours, so it's max 48 hours if not more people are going to stake and hashrate stays the same. (think both will just increase, so less than 48 hours)
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July 17, 2014, 03:54:11 AM
 #992

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here


True story.

Sorry for the lack of an update everyone.  I was planning on getting to it today, however I've just had a family emergency and had to rush my father to the hospital. A bit scary for a while, but the doctors have ruled out a heart attack and he seems to be getting a little better.

I'll get to the updates when I get home.  Thanks for understanding guys.

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July 17, 2014, 03:57:55 AM
 #993

>40 mins no blocks found at http://btcd.minerpools.com/ => What is the pool problem?
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July 17, 2014, 04:06:09 AM
 #994

>40 mins no blocks found at http://btcd.minerpools.com/ => The pool down?

Hi mate, No, It's a stuck cronjob, i'm running it right now, seems there's a bunch of blocks to be paid out Wink

http://www.minerpools.com

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kodtycoon
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July 17, 2014, 04:24:52 AM
 #995

Just read the thread!

its a long thread and i dont know if the first page has been updated since james began work here




Yes, it has been updated. PoW is reaching insane heights, difficulty and hash rate wise. We are now well over 1% of Bitcoins' net hashrate. James from NXT is working actively working with the devs. to implement cryptonote anon. feature along with other neat features, like perhaps a centralized, official exchange. They have been totally open about all of this and are ever-present in the community. The dev, Azeh, is a very active member here on Bitcointalk. PoS is rapidly approaching soon, meaning this coin is about to get even more rare. I believe a few pools are working on multipools to pay out in BTCD, meaning this coin is about to go to the moon.  Wink

actually im not sure its a centralised exchange that hes integrating it into. what i think he is doing is integrating btcd into multigateway, instant dex, and pNXTd. meaning btcd will have its own markets against other coins on the assset exchange using multigateway that will trade at near instant speed like any other exchange and the entire thing is decentralised. its not a centralised solution. if this is the case i think you should be able to trade btcd for any assets on the AE and in turn create your own markets also. it could  possibly be used in the digital goods store and other functions too but im not sure. this is big. really big.

theres going to be betting in nxt services/pNXT services so you will be able to use btcd for betting like james said but it wont be centralised ether. all of this is decentralised. theres more to pNXTd services than you think. iv bought some already but im buying more! this has a long way to go. Cool

by the way if any of you didnt know james before this. you should look into some of his work on nxt. he is a monster coder. great guy to have on the team.

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
WarNeverChanges
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July 17, 2014, 04:26:49 AM
 #996

10BTC buy wall in place at 60k!!! Shit just got REAL. TO THE MOON!

kodtycoon
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July 17, 2014, 04:29:13 AM
 #997

how do i decrypt the wallet? its saying "maybe its not a signature at all" at the end of the error message?

btw it was me that made it jump to 50k sats Smiley

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July 17, 2014, 04:32:37 AM
 #998

wow Shocked run to 100k sat
portice
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July 17, 2014, 04:34:04 AM
 #999

Can't connect, using node on 1st post, any others?
kodtycoon
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July 17, 2014, 04:36:11 AM
 #1000

wow Shocked run to 100k sat

this is going further than that. its not even on most peoples radars yet. just wait until what james is doing goes live.

this is by no ways or means a pump and dump ether. dat der james gotz um skillz Wink

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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