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binary_tree
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September 17, 2014, 08:15:29 AM |
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SpreadX11 ??
What's that algo?
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Mr. Spread (OP)
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September 17, 2014, 11:04:30 AM |
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SpreadX11 ??
What's that algo?
This is mining algorithm which is used to prevent pools. The general idea is that there is some additional information in each block that proofs that miner knows whole block and private key for spending coinbase transaction. That means that if you mine in a pool you can submit shares as usual and get reward for them but if you will actually find a valid block then you can send it directly to the network instead of the pool and get full reward for it. Pool may detect it and ban you but this is still may be advantageous for you. If your mining power gives you low probability of finding a block then if you will accidentally find a block it gives you more profit even if the pool will ban you for not sharing this block. If you have enough mining power to find blocks consistently then you can connect to a pool and submit shares for some time but steal the first found block, this way you can get both reward for your shares and actual block that you mined, this is like doubling your hashrate.
Given all this I don't expect that anyone will create a pool. But if someone will then I will modify whatever miner software will be used for it to implement the stealing described above, we may expect that most pool miners will then switch to this cheating version which will make this pool useless.
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girino
Legendary
 Offline
Activity: 2296
Merit: 1170
Advertise Here - PM for more info!
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September 17, 2014, 12:21:10 PM |
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2. Rules for relaying and mining large transactions were changed. This is not a hardfork because rules for transactions that are already contained in block remain unchanged. Previously the only way to perform large transaction was to mine block with it by yourself. Seems that several other cryptos have the same issue but they may never faced it due to different parameters.
Jut to be sure: the block generated by the new rule will still be accepted by older clients, or is there a risk of a fork if one of those occur and i have not yet updated my client? |
Advertise Here - PM for more info!
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shojayxt
Legendary
Offline
Activity: 896
Merit: 1001
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September 17, 2014, 03:42:22 PM |
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SpreadX11 ??
What's that algo?
This is mining algorithm which is used to prevent pools.The general idea is that there is some additional information in each block that proofs that miner knows whole block and private key for spending coinbase transaction. That means that if you mine in a pool you can submit shares as usual and get reward for them but if you will actually find a valid block then you can send it directly to the network instead of the pool and get full reward for it. Pool may detect it and ban you but this is still may be advantageous for you. If your mining power gives you low probability of finding a block then if you will accidentally find a block it gives you more profit even if the pool will ban you for not sharing this block. If you have enough mining power to find blocks consistently then you can connect to a pool and submit shares for some time but steal the first found block, this way you can get both reward for your shares and actual block that you mined, this is like doubling your hashrate.
Given all this I don't expect that anyone will create a pool. But if someone will then I will modify whatever miner software will be used for it to implement the stealing described above, we may expect that most pool miners will then switch to this cheating version which will make this pool useless.
Hmm, I like this. |
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BITDV
Legendary
Offline
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
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September 17, 2014, 04:01:08 PM |
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running like a dream mate!! the update
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Mr. Spread (OP)
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September 17, 2014, 04:38:48 PM |
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2. Rules for relaying and mining large transactions were changed. This is not a hardfork because rules for transactions that are already contained in block remain unchanged. Previously the only way to perform large transaction was to mine block with it by yourself. Seems that several other cryptos have the same issue but they may never faced it due to different parameters.
Jut to be sure: the block generated by the new rule will still be accepted by older clients, or is there a risk of a fork if one of those occur and i have not yet updated my client? There is no risk of a fork. Old clients consider fee that is automatically computed when you send coins to be to low. Because of this they will not relay certain transactions and will not include them in their blocks but they will accept such transaction if it is already inside a block. |
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A-tM
Member
Offline
Activity: 90
Merit: 10
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September 17, 2014, 09:09:50 PM |
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Is there any way to know, how many clients in a network are mining?
and/or
how many clients are on the network alltogether?
just for fun
Regards,
Andy
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segregation
Newbie
Offline
Activity: 20
Merit: 0
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September 18, 2014, 02:39:07 PM |
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no pool,no exchange ,what's this shit about?
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gjhiggins
Legendary
Offline
Activity: 2254
Merit: 1278
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September 18, 2014, 03:12:46 PM |
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Is there any way to know, how many clients in a network are mining? and/or how many clients are on the network alltogether? just for fun
I came across a reference to a node crawler a few days ago, I grabbed the source but haven't had chance to try it out yet. If'n'when I do, I'll report back. Cheers Graham |
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Mr. Spread (OP)
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September 18, 2014, 03:25:43 PM |
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Is there any way to know, how many clients in a network are mining?
and/or
how many clients are on the network alltogether?
just for fun
Regards,
Andy
If you look in debug.log you can see lines such as BTTrackers: announced on 62.210.137.203:1337, next announce in 1864 seeconds, got 18 peers: So there are should be 18 peers although I have 19 connections. Also you can see peer numbers for some events like peer=125, peer=10. According to these numbers my client saw at least 125 peers. There is no easy way to know how many people are mining. You will need to connect to as many peers as you can and watch how many peers will send you new blocks. no pool,no exchange ,what's this shit about?
Exactly, this is about decentralization, there will be no pools. |
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zeca pagodinho
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September 18, 2014, 10:09:02 PM |
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no pool,no exchange ,what's this shit about?
I think better than having exchanges, would be if there was a real market where we could trade goods and services. The coins seeking exchanges lose their value with the help of speculators.  |
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siliconchip
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September 19, 2014, 01:02:29 AM |
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Dev,
What's probability of setting up a pool or solo mining with multi-miners?
50% or what?
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Viper1
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September 19, 2014, 01:20:40 AM |
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no pool,no exchange ,what's this shit about?
There were no pools, no GPU mining and no exchanges for bitcoin back in the day. What shit are you on about? |
BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
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mysignature
Newbie
Offline
Activity: 9
Merit: 0
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September 19, 2014, 10:48:19 AM |
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Fair distribustion,I like this coin
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Mr. Spread (OP)
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September 20, 2014, 04:39:24 AM |
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Dev,
What's probability of setting up a pool or solo mining with multi-miners?
50% or what?
As already stated there will be no pools. What do you mean by solo mining with multi-miners? Automatically switching mined coins? |
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A-tM
Member
Offline
Activity: 90
Merit: 10
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September 23, 2014, 04:23:43 PM |
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Is it not too early? Who will buy this coin, if there are so few miners? First, there should be greater interest in it... You will ruin the price right now. The coin should first take attention somehow, then there will be buyers. Regards, Andy |
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Viper1
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September 23, 2014, 07:54:06 PM |
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Is it not too early? Who will buy this coin, if there are so few miners? First, there should be greater interest in it... You will ruin the price right now. The coin should first take attention somehow, then there will be buyers. Regards, Andy I don't want to see this coin on any exchanges yet either. |
BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
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zeca pagodinho
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September 24, 2014, 12:38:19 AM |
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I also think it would not be a good option , an exchange now.
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Mr. Spread (OP)
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September 24, 2014, 08:42:20 AM |
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Here is a rough plan of what should be done:
1. Write whitepaper. It is harder for me to write texts than to write code but I'm working on it.
2. Optimize CPU mining using code from existing X11 CPU miners. I'm working on it.
3. GPU miner. It is cool that we can still mine on CPUs but someone can make a GPU miner and use it privately. It would be better if we will have GPU miner available to everyone.
4. Make a better website. I'm not a web designer so I will need some help here.
5. Besides of that we need some promotion. Probably here are people who are more experienced in this and can help. In particular BITDV wanted to work on this.
Seems that there is a strong opposition to adding SpreadCoin to exchanges right now so I didn't add it to this list.
We can offer reward (in spreadcoins) for someone who will work on these tasks.
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