[ANN] Woodcoin [LOG] Pure Skein POW, Logarithmic Release, No Premine nor ICO

[paulbunyan13]

byyaaarrrrgh!

Hey folks, fellow woodsmen, critters, and denizens of the forest.
I finally decided to sign up here.  Now where'd I put that Timbersmurf icon?

Haven't hit a block (or is that a cord) in days.  Of course I'm choppin with a rusty old axe but the difficulty and hashrate seem to have gone way up lately.

[DougB62]

byyaaarrrrgh!

Hey folks, fellow woodsmen, critters, and denizens of the forest.
I finally decided to sign up here.  Now where'd I put that Timbersmurf icon?

Haven't hit a block (or is that a cord) in days.  Of course I'm choppin with a rusty old axe but the difficulty and hashrate seem to have gone way up lately.

*sniff, sniff, sniff..* That be because of them new-fangled chainsaws in the wood! 

[paulbunyan13]

*sniff, sniff, sniff..* That be because of them new-fangled chainsaws in the wood! 

Yup.  I thought I heard some buzzing.  Time to pull the Stihl out of the shed?

[DougB62]

*sniff, sniff, sniff..* That be because of them new-fangled chainsaws in the wood! 

Yup.  I thought I heard some buzzing.  Time to pull the Stihl out of the shed?

Indeed, Sir. I myself have been using a Poulan for over a week now.  Was mighty productive at first (was seein' about 80% - 90% of the blocks solo). But others have come into the fold. Now it's maybe 2% - 5%.

Meh... it's grand fun, anyhow!! 

[Houndirno]

Have i lost these coins then?
 
Status: 0/unconfirmed
Date: 02/05/2015 18:30

Nearly 24 hours

[myagui]

Have i lost these coins then?
 
Status: 0/unconfirmed
Date: 02/05/2015 18:30

Nearly 24 hours

The network seems to be working just fine. I'd bet that you just need to repair your wallet or resync, and you'll find the coins have never left your balance. How about you paste the TXID and we check if the transaction ever made it to the blockchain?

[Houndirno]

Have i lost these coins then?
 
Status: 0/unconfirmed
Date: 02/05/2015 18:30

Nearly 24 hours

The network seems to be working just fine. I'd bet that you just need to repair your wallet or resync, and you'll find the coins have never left your balance. How about you paste the TXID and we check if the transaction ever made it to the blockchain?

nvm it moved once I sent another payment, Idk why.

[funkenstein]

Funk,

I have tried everything to create a vanity address using vanitygen with namespace 73 (W). For some reason, the resulting private key is not actually the address that Woodcoin imports. What's up with that?

(Am I using the wrong namespace)?

Which version of vanitygen are you using?  I'm not sure I follow. 

Thanks for reminding me bitillionaire, I never finished modding the vanitygen in my github repo.  Remember woodcoin uses a different elliptic curve than all other coins (that I know of) so the algo which goes from privkey -> pubkey  is different (as well as the usual first character modification).  If you want to play around with keys, use logaddress.org (working) (wallet details) and see what different privkeys get you.   

After some travels I am now back on the scene like a record machine (sayin' ooh-papa-doo, how y'all do), so hopefully I can get you a working LOG vanitygen in the next few days.  Please let me know if anyone has one working in the meantime.   

Ah, well that would explain it.

I had the same result on all three versions I could track down.

Which lines need to be modified to account for the new elliptic curve? I didn't realize that this would extend to the way addresses are generated, but it makes sense in hindsight.

We have a working woodcoin vanitygen you can use at:

http://github.com/funkshelper/vanitygen

The README:

This version of vanitygen was forked from Samr7's lovely C code,
by funkenstein the dwarf, to make vanity addresses for Woodcoin.

DO NOT USE THIS FORK TO CREATE BITCOIN ADDRESSES ON MAINNET BITCOIN

DO NOT USE THIS FORK TO CREATE ANYTHING BUT WOODCOIN ADDRESSES

Please for the love of the Ents only use the "-W" flag with this software!!!


The elliptic curve has been globally changed from secp256k1 to prime256v1,
so we are ONLY going to produce valid woodcoin addresses with this code.  Keypairs and addresses
for other namespaces will not work on their respective networks.   

Example of proper use:

Notebook-PC:~/work/temp/vanitygen$ ./vanitygen WWWWW -W
Set addrtype to woodcoin
Difficulty: 569190
Pattern: WWWWW                                                                 
Address: WWWWW2CeHtsp9JGLLBEYMFJfYkMpU7Xtpw
Privkey: 7jjuUgwDQJQ5ZTDhTU5bSNKmYcFun2avpg6Y5wi6xLLn574qrvZ
                   

Notebook-PC:~/work/temp/vanitygen$ ./vanitygen WaLoG -W
Set addrtype to woodcoin
Difficulty: 2276760
Pattern: WaLoG                                                                 
Address: WaLog7e223podw2RiZYpzBgwP67xszxN76
Privkey: 7k26wvk88vVhDvsQQsMQGbFaazzXayYrAvTPHb9HLcH21BGgtkH

[funkenstein]

Have i lost these coins then?
 
Status: 0/unconfirmed
Date: 02/05/2015 18:30

Nearly 24 hours

The network seems to be working just fine. I'd bet that you just need to repair your wallet or resync, and you'll find the coins have never left your balance. How about you paste the TXID and we check if the transaction ever made it to the blockchain?

nvm it moved once I sent another payment, Idk why.

Thanks for reporting here Houndirno.  Unfortunately I can't see why this happened, it looks like some kind of GUI update bug.  Please report back if you are able to reproduce it. 

[Houndirno]

Have i lost these coins then?
 
Status: 0/unconfirmed
Date: 02/05/2015 18:30

Nearly 24 hours

The network seems to be working just fine. I'd bet that you just need to repair your wallet or resync, and you'll find the coins have never left your balance. How about you paste the TXID and we check if the transaction ever made it to the blockchain?

nvm it moved once I sent another payment, Idk why.

Thanks for reporting here Houndirno.  Unfortunately I can't see why this happened, it looks like some kind of GUI update bug.  Please report back if you are able to reproduce it. 

np  Whats the future with Log coin anyways? Wheres the gambling sites  or investments idk

[funkenstein]

np  Whats the future with Log coin anyways? Wheres the gambling sites  or investments idk

No gambling sites are in the works from my cave, unless you by gambling you mean tumbling in which case there might be an offering but still far off.  As for investments, a mainnet coin or two will still get you a substantial fraction of the LOG supply.  Hard to make it much easier than that.  If there's anything you'd like to see, do please tell

In other news, all the recent discussion of block sizes had stirred up people thinking about reward structure again.  This is good, they will eventually notice that a LOGarithmically increasing supply makes a lot of sense economically.  This one from Gavin's blog at gavinandreesen.ninja:

The fear is that as the block reward diminishes, either the number of transactions or the average transaction fee will not rise enough to replace the block reward. So miners will drop out, and the network will be less secure against an attacker with a lot of mining power (or, equivalently, it would cost an attacker less to amass enough mining power to successfully attack the network).

Indeed.  The woodcoin reward curve finds a balance between the need to cap the supply with an ever decreasing reward, and the need to keep some reward so that folks will still mine.  The supply is capped, but the rewards never stop.  Any way you look at it, fees are going to go up on mainnet bitcoin.  I doubt that any block size increase will go through nor any TX malleability fix.  Traffic is going to go up on those altcoins that are still around at that point.  However we choppers are still just 6 months old.  Nothing.  Give it a full year to see if we are still around

   

[billotronic]

it would be very interesting to see as the reward declines folks unwilling to dedicate a gpu for mining and it might actually revert back to cpu only mining.

[SalimNagamato]

it would be very interesting to see as the reward declines folks unwilling to dedicate a gpu for mining and it might actually revert back to cpu only mining.

with these low prices it might even revert to paper+pencil mining.

[DougB62]

it would be very interesting to see as the reward declines folks unwilling to dedicate a gpu for mining and it might actually revert back to cpu only mining.

with these low prices it might even revert to paper+pencil mining.

Haha! Brilliant!  And your trusty abacus, of course. 

[paulbunyan13]

with these low prices it might even revert to paper+pencil mining.

Haha! Brilliant!  And your trusty abacus, of course. 

Your abacus is insignificant next to the power of my slide rule 

[SalimNagamato]

wow i fixed my laptop today
so it didn't get burn by chopping logs
 
i'm so happy... this laptop is expensive

ah and it got NVidia axe in it
going to to try this ccminer thing

[Houndirno]

Nice buy o C-CEX Good job I mine Log vrry day

[SalimNagamato]

Nice buy o C-CEX Good job I mine Log vrry day

to the moon ! spaceship made of wood

[SalimNagamato]

need to stop mining, because i don't want to burn my laptop
too bad because this is very profitable coin to mine !
my Nvidia powered laptop last few days make more btc than 2 * R9 280x

[bitillionaire]

Just letting everyone know a new Woodcutting.club is coming soon. Volunteers to moderate, please contact me. This one will have much greater spam controls and the new server has a lot more bandwidth, meanwhile the software I'm using should use less bandwidth overall, I think (hope).