[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes

[soundwallet]

1 MN with 10K DRK vs 10 MNs with 1K DRK respectively
Is the profit the same ?
anyone knows? thx~

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[e1ghtSpace]

1 MN with 10K DRK vs 10 MNs with 1K DRK respectively
Is the profit the same ?
anyone knows? thx~

Each masternode is paid out the exact same amount regardless of how much drk is inside.

So 10MNs with 1k DRK would be 10x as profitable as the 10k.

[Frigga77]

So I thought it might be cool to upload some pics of my mining operation.  Right now the GPU's are mining SPR and the scrypt asics are mining for BTC which gets converted to SPR  .  

I started in the home office with some R9 290's but got quickly kicked out into the garage due to heat and noise.


Once I found the 750ti's I was able to swap out the R9 290's and sneak (4) into the home office computer again!  Shhh - she may not know!  


How about others load some pics to show off their operation?

Nice farm I am not mining atm, only have my home computer so no exciting pictures from me

[Mr. Spread]

I updated the client again.
As was discovered by elbandi it was impossible to create multisig addresses, I fixed this. Also multisig transactions were considered non-standard by network and were not rebroadcasted and not added to block (although they would be accepted if included in block).
If you need multisig addresses then generate them with newer version and wait for more nodes to upgrade before starting using them.
This is not a hardfork.

Download from: http://spreadcoin.net/

[jpouza]

I updated the client again.
As was discovered by elbandi it was impossible to create multisig addresses, I fixed this. Also multisig transactions were considered non-standard by network and were not rebroadcasted and not added to block (although they would be accepted if included in block).
If you need multisig addresses then generate them with newer version and wait for more nodes to upgrade before starting using them.
This is not a hardfork.

Download from: http://spreadcoin.net/

Thanks, updated client running fine here.

Today is a good day, 8 blocks found in 9 hours, my personal record with my poor 20MH/s rig.

sp_ should release tomorrow the improved nvidia miner for donators, can't wait to see it!

Cheers

[georgem]

1 MN with 10K DRK vs 10 MNs with 1K DRK respectively
Is the profit the same ?
anyone knows? thx~

Each masternode is paid out the exact same amount regardless of how much drk is inside.

So 10MNs with 1k DRK would be 10x as profitable as the 10k.

Yes, but your "score" will also determine if you get a payment or not:

...Nodes will monitor time delays between receiving transactions and confirmations from masternodes and will assign scores for each masternode according to these delays. This score and deposit amount will affect which masternodes will receive payments.

But as you say, all of them the same amount.
If an MN passes both the SPR amount test and the score test, then it will recieve profit.

I think the score test is just here to ostracize masternode owners who offer the lousiest service when it comes to "instant x speed". (think of it as extra punishment)
But again, this will first attack the people from the "weakest link" - side of things.
The amount deposited is far more important than your score.

I would even assume that a MN with 10k SPR but a lousy score will recieve the profit, while a MN with 100 SPR in it (suppose that's the weakest link) but brilliant score will recieve nothing.
Why? Because the weak MN with the brilliant score only needs a small push to be out of the picture, while the strong MN with lousy score will just fall 500 ranks lower but still remain in the business.

Am I correct, Mr Spread?

[LitcoinCollector]

What's happening on Bittrex guys?

[jpouza]

What's happening on Bittrex guys?

Low volume sucks....doesn't say much, what I can tell is that if the buy support cracks at 58k satoshis , new price will be 40k satoshis, there is a 5.4 BTC wall at that range, if this 40k sats wall cracks, new price will be 26k sats in a matter of seconds....

It will be a good chance to buy low.

If I had at least 12 BTC to invest I would do that, input some sell pressure, kill the actual price and buy low a lot of SPR....

[georgem]

What's happening on Bittrex guys?

Low volume sucks....doesn't say much, what I can tell is that if the buy support cracks at 58k satoshis , new price will be 40k satoshis, there is a 5.4 BTC wall at that range, if this 40k sats wall cracks, new price will be 26k sats in a matter of seconds....

It will be a good chance to buy low.

If I had at least 12 BTC to invest I would do that, input some sell pressure, kill the actual price and buy low a lot of SPR....

low volume alone has never cracked anything. Spreadcoin has a lot of things coming its way, a lot of anticipation building up!

[georgem]

I just registered at BTER to try and upvote SPR. But as it seems you need this currency called BTR to even be able to vote?
Sucks.

Any news about cryptsy?

[jpouza]

What's happening on Bittrex guys?

Low volume sucks....doesn't say much, what I can tell is that if the buy support cracks at 58k satoshis , new price will be 40k satoshis, there is a 5.4 BTC wall at that range, if this 40k sats wall cracks, new price will be 26k sats in a matter of seconds....

It will be a good chance to buy low.

If I had at least 12 BTC to invest I would do that, input some sell pressure, kill the actual price and buy low a lot of SPR....

low volume alone has never cracked anything. Spreadcoin has a lot of things coming its way, a lot of anticipation building up!

I didn't say that...I've just analyzed the order book and said that low volume don't give us the big picture.

[LitcoinCollector]

Hey guys, how many satoshi in a Bitcoin? 10.000.000 right?

[e1ghtSpace]

Hey guys, how many satoshi in a Bitcoin? 10.000.000 right?

100,000,000 satoshis. Because 1 bitcoin has 8 decimals.

[LitcoinCollector]

Hey guys, how many satoshi in a Bitcoin? 10.000.000 right?

100,000,000 satoshis. Because 1 bitcoin has 8 decimals.

Thanks man, ofcourse it's 8

[soundwallet]

what a quick dump~

[LitcoinCollector]

End of the month, some bills had to be paid? 

[soundwallet]

End of the month, some bills had to be paid?  

Next week end is an important day for SPR.

[georgem]

End of the month, some bills had to be paid?  

Next week end is an important day for SPR.

I hope Mr. Spread gives an early heads up, so we can coordinate the testing. This will be such a fun experience.

[soundwallet]

I find that SPR block size is less than 1/3 of DRK.

[pokeytex]

So I thought it might be cool to upload some pics of my mining operation.  Right now the GPU's are mining SPR and the scrypt asics are mining for BTC which gets converted to SPR  .  

I started in the home office with some R9 290's but got quickly kicked out into the garage due to heat and noise.
https://i.imgur.com/EiTfcAwl.jpg?1

Once I found the 750ti's I was able to swap out the R9 290's and sneak (4) into the home office computer again!  Shhh - she may not know!  
https://i.imgur.com/DJ3aAIll.jpg?1

How about others load some pics to show off their operation?

Nice setup. What's the power bill like?

It is not bad - between everything - I burn about 1700 watts a day.  I do have solar panels so it offsets the mining and my regular home use.  I average about $50/month in power bill.