bitillionaire
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September 15, 2017, 05:27:58 PM |
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Stickers now available in green.
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ducphuc01hp
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Activity: 112
Merit: 10
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September 24, 2017, 09:08:36 AM |
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Hi dev . Any new news in the coming month
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funkenstein (OP)
Legendary
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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September 25, 2017, 01:32:14 PM |
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Hi dev . Any new news in the coming month
Hi ducphuc01hp, Work continues on version 0.15, android client, and a novel exchange bot including woodcoin (famex.trade). Nothing really expected in the coming month that I know of, but I expect to be surprised at some point Three year anniversary approaches as well as Phi Day when the reward drops below 1.618 per block. Lets make these happen in style shall we? Any suggestions?
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bitillionaire
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October 12, 2017, 11:44:27 PM |
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Hi dev . Any new news in the coming month
Hi ducphuc01hp, Work continues on version 0.15, android client, and a novel exchange bot including woodcoin (famex.trade). Nothing really expected in the coming month that I know of, but I expect to be surprised at some point Three year anniversary approaches as well as Phi Day when the reward drops below 1.618 per block. Lets make these happen in style shall we? Any suggestions? Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
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funkenstein (OP)
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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October 18, 2017, 07:38:46 AM |
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Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on? l8nightminer pool and explorer added to OP. Looking good nice work!!
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l8nit3
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Activity: 1007
Merit: 1000
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October 18, 2017, 07:53:05 PM Last edit: October 19, 2017, 07:11:01 PM by l8nit3 |
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Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on? l8nightminer pool and explorer added to OP. Looking good nice work!! Thank you very much 😊 happy to support an awesome and uniqe coin, and a great dev 😁 Now taking 32% of the net hash! Thank you LOG miners for your support of the pool
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nosekefik
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October 25, 2017, 11:55:03 PM |
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I added it to my pool It's based on YiiMP, no registration is needed : Stratum : pool.nosekefik.com:5233 User : YOUR_ADDRESS Password : c=LOG Website : https://pool.nosekefik.com/Payout : Every 20min Fee : 1.00% Example: ccminer -a skein2 -o stratum+tcp://pool.nosekefik.com:5233 -u <YOUR_ADDRESS> -p c=LOG Happy Mining =)
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funkenstein (OP)
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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October 31, 2017, 08:16:15 AM |
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Fantastic, thanks nosekefik! I'll be adding to this to OP tonight.
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funkenstein (OP)
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Activity: 1066
Merit: 1050
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October 31, 2017, 08:18:26 AM |
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Three Years of Woodcoin
On this occasion, let's go through why the logarithmic bitcoin we know as woodcoin is still alive after three years, has increased in value steadily, and is set up for further increase in value:
1) Decentralized
There is no woodcoin company, no woodcoin premine, no woodcoin ICO. Like bitcoin, there's no person or group of persons who can take a fall, get bought out, compromise, or tarnish this coin. There's no system of "checkpoints", no "coordinator", no "foundation", and no "woodcoin.com login page". No single company holding, marketing, or being "official developer". Just pure coin for people to use.
2) Logarithmic Release
The logarithmic release is still the only crypto monetary policy with a long term plan that doesn't eventually either implode or explode. Despite the existence of public coin, in which monetary policy is a real verifiable thing rather than a question of trusting some people with special titles and suits, there has been markedly little experimentation in monetary policy. Lets look at the alternatives which have come up in public coin offerings:
Geometric
Many coins (litecoin, bitcoin, monero, ..) use a geometric curve to increase the supply. This will quickly leave these coins in a state where their transaction confirmations (mining) will need to be supported by fees. At that point, there will be a market force, namely the desire to make transactions without paying too much, which will force holders to make at least small investments in other coins. While a geometric series coin looks great to the early adopters, we can say at that at the very least there will be negative market pressure on these coins as they asymptotically near their supply cap.
Linear
Many other coins (doge, eth, eth classic, ..) use a linear curve - simply paying a fixed amount to miners every block. This has the advantage that it avoids the problem of the geometric series - there will always be payment for the miners, so the fees will be low. However it introduces another problem - unlimited supply. Without a supply cap to point to, it becomes difficult to convince an investor that this is a great store of value in the long term.
Exponential
Some coins, usually proof of stake coins, add a certain percentage of the total supply to the current supply every year. This leads to an exponential growth in the money supply. This is done to reward stakers. While fees certainly will remain low in this scheme, and there is some early potential to benefit from price as people clamor to get some of the valuable initial capital, this scheme often implodes as a ponzi, or becomes centralized.
Delta function
Some coins (NEXT, ripple... ) simply issue all the currency up front in a 100% premine. This leads to a centralized system, as the only people with the incentive to mine are those who wish to see the system continue, which are those who hold the coin. Without a miner subsidy there is no other incentive to secure the network. Such coins can indeed be public, but they are not so decentralized. This leaves them vulnerable to issues of centralization.
Logarithmic
The logarithmic release schedule gives us a middle ground. We have a capped supply (for the case of woodcoin, there will never be more than 28 million), so we don't lose the trust of those folks who are inflation averse. However we also have a slowly decreasing reward schedule, which provides for non-vanishing coinbase rewards in the very long term future. We also don't lose the folks who are high-fee averse.
3) Proof of Work
Woodcoin is the highest hashpower coin using solely the Skein hash function. Proof of work is real value in a way that proof of stake cannot provide. This is the original basis for decentralized consensus. It represents an incentive to save energy, understand software algorithms, and build better hardware.
4) Public
Woodcoin is a public coin like bitcoin. Anyone can see how many coins are outstanding and every LOG creation event is auditable by all parties. This means counterfeiting and other money supply fraud is not possible.
5) No Counterparty Risk
Like bitcoin and other decentralized coins, it is possible to make a long distance transfer with no counterparty risk. While holding precious metals also can be done without counterparty risk, the transfer of value over large distances is more problematic.
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funkenstein (OP)
Legendary
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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November 01, 2017, 03:42:40 AM |
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NovaExchange is closing! https://novaexchange.com/market/BTC_LOG/There hasn't been much volume on this exchange but any traders with coin on here are advised to withdraw ASAP. Congrats to these exchange operators for your experience in running this exchange admirably!
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funkenstein (OP)
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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November 15, 2017, 07:43:14 AM |
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funkenstein (OP)
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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November 19, 2017, 04:32:45 AM |
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Difficulty continues to skyrocket. LOG miners, what are you using? Drop some hints please!!
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kit2000
Newbie
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Activity: 14
Merit: 0
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November 24, 2017, 10:20:40 AM |
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Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on? l8nightminer pool and explorer added to OP. Looking good nice work!! Thank you very much 😊 happy to support an awesome and uniqe coin, and a great dev 😁 Now taking 32% of the net hash! Thank you LOG miners for your support of the pool Help issue pool http://yiimp.l8nit3-miners.com/ Not transfer coin Woodcoin
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Jchardin
Newbie
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Activity: 16
Merit: 0
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November 24, 2017, 09:46:32 PM |
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Any AMD gpu miner with double skein support? I'd like to mine, but I can only find Nvidia miners.
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SpAcEDeViL
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Activity: 986
Merit: 1027
Miner-Control.de Pooler
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November 29, 2017, 09:03:07 AM Last edit: December 20, 2017, 11:43:58 AM by SpAcEDeViL |
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██╗ ███╗ ██╗██╗ █╗█████╗█████╗ █████╗ ██████╗ ███╗ ██╗████████╗██████╗ █████╗ ██╗ ███╗ ████║ ██║███╗ █║██╔══╝█╔══██╗ ██╔═══╝ ██╔═══██╗████╗ ██║╚══██╔══╝██╔══██╗█╔═══█╗██║ █╔████╔██║ ██║█╔██╗ █║████╗ █████╔╝████╗ ██║ ██║ ██║██╔██╗ ██║ ██║ ██████╔╝█║ █║██║ █║╚██╔╝██║ ██║█║╚██╗█║██╔═╝ █╔═██╗╚════╝ ██║ ██║ ██║██║╚██╗██║ ██║ ██╔══██╗█║ █║██║ █║ ╚═╝ ██║ ██║█║ ╚███║█████╗█║ ██║ ╚█████╗ ╚██████╔╝██║ ╚████║ ██║ ██║ ██║╚████╔╝██████╗ ╚╝ ╚═╝ ╚═╝╚╝ ╚══╝╚════╝╚╝ ╚═╝ ╚════╝ ╚═════╝ ╚═╝ ╚═══╝ ╚═╝ ╚═╝ ╚═╝ ╚═══╝ ╚═════╝ °º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸ ############# Mining your fav. Coin! ################ ## ## ## NEW COIN: LOG added! ## ## ## ## NOW you can mine LOG on https://miner-control.de ## ## ## ## Port: 3350 ## ## Algo: skein2 ## ## Low fee: 1% ## ## ## ## Your Fav. Coin is missing? Request it! ## ############################################
-o stratum+tcp://miner-control.de:3350 -u <WALLET_ADDRESS> -p c=LOG °º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸Feel free to mine here!
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funkenstein (OP)
Legendary
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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December 04, 2017, 08:32:09 PM |
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Any AMD gpu miner with double skein support? I'd like to mine, but I can only find Nvidia miners.
Hi Jchardin, I know people are using AMDs but there's not much code out there that I have seen published. The Wolf0 kernels include Skein so should work for this but that's all I know. Good luck --
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funkenstein (OP)
Legendary
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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December 04, 2017, 08:36:15 PM |
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SpAcEDeViL, nice work! Another pool working here HY! Miner-Control.de add Woodcoin (skein2) https://miner-control.deWith 1% fee. -o stratum+tcp://miner-control.de:3350 -u <WALLET_ADDRESS> -p c=LOG Feel free to mine here
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funkenstein (OP)
Legendary
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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December 11, 2017, 01:18:15 AM Last edit: December 11, 2017, 01:53:35 AM by funkenstein |
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Thank you Cryptodelver, nice site! We'll be promoting in other channels as well.
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funkenstein (OP)
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Activity: 1066
Merit: 1050
Khazad ai-menu!
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December 11, 2017, 01:20:30 AM |
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