◈◈Bitcredit ◈◈ Migrating to UniQredit◈◈

[thelonecrouton]

Is that the latest windows wallet? Because that's what I'm going to need is the latest windows wallet and nodes for this coin

Win binary is in OP. List of Banknodes, which you can use if you need to: https://chainz.cryptoid.info/bcr/masternodes.dws  (detailed list tab)

[1714748610]

1714748610

[1714748610]

1714748610

[1714748610]

1714748610

[NoobKidOnTheBlock]

Is that the latest windows wallet? Because that's what I'm going to need is the latest windows wallet and nodes for this coin

Win binary is in OP. List of Banknodes, which you can use: https://chainz.cryptoid.info/bcr/masternodes.dws  (detailed list tab)

Thanks mate Appreciate that

[tombtc]

17 banknodes already

Although the order book does not look briliant


I wonder who is selling those thousands all the time. Do we know who is no.2 wallet?

[sawa]

...
Sawa, check to see if you are running the last version of the wallet.

I compiled the latest version of the wallet:

Code:

git clone https://github.com/bitcreditscc/bicreditsnew.git
cd bicreditsnew
./autogen.sh
CFLAGS="-fPIE" CXXFLAGS="-fPIE" LDFLAGS="-fPIE" ./configure --without-gui --with-incompatible-bdb
make install
bitcreditd --help
Bitcredit Core Daemon version v0.30.16.7-2927a46-dirty

Is it the latest version?

[dragos_bdi]

...
Sawa, check to see if you are running the last version of the wallet.

I compiled the latest version of the wallet:

Code:

git clone https://github.com/bitcreditscc/bicreditsnew.git
cd bicreditsnew
./autogen.sh
CFLAGS="-fPIE" CXXFLAGS="-fPIE" LDFLAGS="-fPIE" ./configure --without-gui --with-incompatible-bdb
make install
bitcreditd --help
Bitcredit Core Daemon version v0.30.16.7-2927a46-dirty

Is it the latest version?

Yes, it's the last version.
Maybe because you do not use DB4.8 as DB support ?

[sawa]

...
Sawa, check to see if you are running the last version of the wallet.

I compiled the latest version of the wallet:

Code:

git clone https://github.com/bitcreditscc/bicreditsnew.git
cd bicreditsnew
./autogen.sh
CFLAGS="-fPIE" CXXFLAGS="-fPIE" LDFLAGS="-fPIE" ./configure --without-gui --with-incompatible-bdb
make install
bitcreditd --help
Bitcredit Core Daemon version v0.30.16.7-2927a46-dirty

Is it the latest version?

Yes, it's the last version.
Maybe because you do not use DB4.8 as DB support ?

No, it shall not affect
I disabled my node from p2p networks.
I check how it works autonomously.

[sawa]

The first 3 blocks was ok http://crypto.office-on-the.net:8776/static/

just now   Tue May 19 2015 23:03:43 GMT+0600 (ALMT)   117693   00000e52ab9e99aff4c5134487b9c16d93c406fe56e1c9b72b5828d33999ac3e
3 minutes ago   Tue May 19 2015 23:00:58 GMT+0600 (ALMT)   117690   00000a09ec4d457fe04f5a71866af44af589009724ee40f5fe9ec9b240ae0f94
7 minutes ago   Tue May 19 2015 22:56:44 GMT+0600 (ALMT)   117689   000010ad3a8578deb92e29584f612c8138168fd6c4dbaf9a6462196099b397ba

[dragos_bdi]

The first 3 blocks was ok http://crypto.office-on-the.net:8776/static/

just now   Tue May 19 2015 23:03:43 GMT+0600 (ALMT)   117693   00000e52ab9e99aff4c5134487b9c16d93c406fe56e1c9b72b5828d33999ac3e
3 minutes ago   Tue May 19 2015 23:00:58 GMT+0600 (ALMT)   117690   00000a09ec4d457fe04f5a71866af44af589009724ee40f5fe9ec9b240ae0f94
7 minutes ago   Tue May 19 2015 22:56:44 GMT+0600 (ALMT)   117689   000010ad3a8578deb92e29584f612c8138168fd6c4dbaf9a6462196099b397ba

Best.
Now, even if there is a problem with p2pool.website and bcrp2pool.website, there are other 2 pools to maintain active the network !
This I call decentralization

[sawa]

The first 3 blocks was ok http://crypto.office-on-the.net:8776/static/

just now   Tue May 19 2015 23:03:43 GMT+0600 (ALMT)   117693   00000e52ab9e99aff4c5134487b9c16d93c406fe56e1c9b72b5828d33999ac3e
3 minutes ago   Tue May 19 2015 23:00:58 GMT+0600 (ALMT)   117690   00000a09ec4d457fe04f5a71866af44af589009724ee40f5fe9ec9b240ae0f94
7 minutes ago   Tue May 19 2015 22:56:44 GMT+0600 (ALMT)   117689   000010ad3a8578deb92e29584f612c8138168fd6c4dbaf9a6462196099b397ba

Best.
Now, even if there is a problem with p2pool.website and bcrp2pool.website, there are other 2 pools to maintain active the network !
This I call decentralization

It is not right. P2pools must operate in one p2p network.
Now the has increased difficulty of the coin:

BCR network hashrate (estimate):    81.67 KH/s.

Greatly reducing the chance to get a block in solo.
I return parameters, the problem is not in my pool.

[dragos_bdi]

The first 3 blocks was ok http://crypto.office-on-the.net:8776/static/

just now   Tue May 19 2015 23:03:43 GMT+0600 (ALMT)   117693   00000e52ab9e99aff4c5134487b9c16d93c406fe56e1c9b72b5828d33999ac3e
3 minutes ago   Tue May 19 2015 23:00:58 GMT+0600 (ALMT)   117690   00000a09ec4d457fe04f5a71866af44af589009724ee40f5fe9ec9b240ae0f94
7 minutes ago   Tue May 19 2015 22:56:44 GMT+0600 (ALMT)   117689   000010ad3a8578deb92e29584f612c8138168fd6c4dbaf9a6462196099b397ba

Best.
Now, even if there is a problem with p2pool.website and bcrp2pool.website, there are other 2 pools to maintain active the network !
This I call decentralization

It is not right. P2pools must operate in one p2p network.
Now the has increased difficulty of the coin:

BCR network hashrate (estimate):    81.67 KH/s.

Greatly reducing the chance to get a block in solo.
I return parameters, the problem is not in my pool.

Sorry, but how do you compute the network hashrate ?

[sawa]

Sorry, but how do you compute the network hashrate ?

I change the code in .../p2pool-bcr/p2pool/web.py

Code:

    def get_global_stats():
        # averaged over last hour
        if node.tracker.get_height(node.best_share_var.value) < 10:
            return None
        lookbehind = min(node.tracker.get_height(node.best_share_var.value), 3600//node.net.SHARE_PERIOD)

        nonstale_hash_rate = p2pool_data.get_pool_attempts_per_second(node.tracker, node.best_share_var.value, lookbehind)
        stale_prop = p2pool_data.get_average_stale_prop(node.tracker, node.best_share_var.value, lookbehind)
        diff = bitcoin_data.target_to_difficulty(wb.current_work.value['bits'].target)
        return dict(
            pool_nonstale_hash_rate=nonstale_hash_rate,
            pool_hash_rate=nonstale_hash_rate/(1 - stale_prop),
            pool_stale_prop=stale_prop,
            min_difficulty=bitcoin_data.target_to_difficulty(node.tracker.items[node.best_share_var.value].max_target),
            network_block_difficulty=diff,
            network_hashrate=(diff * 2**32 // node.net.PARENT.BLOCK_PERIOD),
        )

[Bagdar13]

17 banknodes already

Although the order book does not look briliant


I wonder who is selling those thousands all the time. Do we know who is no.2 wallet?

So I will make a half comment on this, as a miner and as a newly minted bank node owner.

If you have a few GPUs laying around right now mining BCR (outside of flashing new launches) is I believe the most cost effective.  For a comparison @800 sats BCR is still about 2x as lucrative as say DGB which is considered by many to be a good coin to mine.  So if you want to mine and insta-sell this is a good coin to do it on.

Based on my experience cost typically lags hash rate (i.e. difficulty to mine/acquire)

Also, once a person has a bank node they might be willing to sell of some of the coins they mine/acquire, feeling that 250k is enough.

The early rise we saw from 1k to ~3k was people buying heavily to acquire early banknode, those people may now try to recoup their costs.  When we broke 2.5k I sold all my BCR because that was a 4-5x multiple off what the cost to acquire through mining was, this was a signal to me that price was over inflated; I was able to get a bank-node cause then I bought back below 1.2k.

What looks good about this project is that the community around it has developed slowly and organically, no massive pumps/dumps.  As more features are included and word grows the difficulty to mine will rise and the cost will likely follow.  The question at that point is what happens next.  I would not be surprised if in the near term the price dances from 500-1.2k.  In reality based on cost to acquire relative to other coins BCR is trading at a premium.  If community continues to grow I also expect that price manipulation will start, someone will probably start to acquire and then dump.

More concerned with price I want to see the number of wallets that hold BCR increase...also would like to see a 2nd exchange in the future...time will tell and there have been bumps, but the latest release is pretty cool.

[bitcreditscc]

The first 3 blocks was ok http://crypto.office-on-the.net:8776/static/

just now   Tue May 19 2015 23:03:43 GMT+0600 (ALMT)   117693   00000e52ab9e99aff4c5134487b9c16d93c406fe56e1c9b72b5828d33999ac3e
3 minutes ago   Tue May 19 2015 23:00:58 GMT+0600 (ALMT)   117690   00000a09ec4d457fe04f5a71866af44af589009724ee40f5fe9ec9b240ae0f94
7 minutes ago   Tue May 19 2015 22:56:44 GMT+0600 (ALMT)   117689   000010ad3a8578deb92e29584f612c8138168fd6c4dbaf9a6462196099b397ba

Best.
Now, even if there is a problem with p2pool.website and bcrp2pool.website, there are other 2 pools to maintain active the network !
This I call decentralization

It is not right. P2pools must operate in one p2p network.
Now the has increased difficulty of the coin:

BCR network hashrate (estimate):    81.67 KH/s.

Greatly reducing the chance to get a block in solo.
I return parameters, the problem is not in my pool.

That would be an incorrect assumption. Now, imagine if my nodes were dependent on yours when that orphan cropped up, it would have stalled the network indefinitely.

p2pool can be configured to function as single unit or part of a system, mine operate as both to ensure complete redundancy.

[bitcreditscc]

17 banknodes already

Although the order book does not look briliant


I wonder who is selling those thousands all the time. Do we know who is no.2 wallet?

There is someone mining 20K BCR a day.

[bitcreditscc]

i wonder about those big bag holders on bittrex, their coins are just sitting on the exchange, rather than spinning up a Bn and getting some coins in the meantime. If the distirbution graph is correct then someone is sitting on 3 Bns worth, and never sold/bought a single coin more, then also sits on it rather than making a profit off it.

[thelonecrouton]

By dint of sacrificing several goats to the Elder Gods I have got the tx symbols back, lined up, and fitting in the recent transactions area:



Might shrink 'em a bit.

Any chance to remove the darksend this time round?

What I would love to do is ditch the DS frame and the Recent Transactions frame, stick one bigger frame in there - this I can do - and inside the new frame put the current Transactions page - this I have no clue how to do...     ... yet. 

[dragos_bdi]

Sorry, but how do you compute the network hashrate ?

I change the code in .../p2pool-bcr/p2pool/web.py

Code:

    def get_global_stats():
        # averaged over last hour
        if node.tracker.get_height(node.best_share_var.value) < 10:
            return None
        lookbehind = min(node.tracker.get_height(node.best_share_var.value), 3600//node.net.SHARE_PERIOD)

        nonstale_hash_rate = p2pool_data.get_pool_attempts_per_second(node.tracker, node.best_share_var.value, lookbehind)
        stale_prop = p2pool_data.get_average_stale_prop(node.tracker, node.best_share_var.value, lookbehind)
        diff = bitcoin_data.target_to_difficulty(wb.current_work.value['bits'].target)
        return dict(
            pool_nonstale_hash_rate=nonstale_hash_rate,
            pool_hash_rate=nonstale_hash_rate/(1 - stale_prop),
            pool_stale_prop=stale_prop,
            min_difficulty=bitcoin_data.target_to_difficulty(node.tracker.items[node.best_share_var.value].max_target),
            network_block_difficulty=diff,
            network_hashrate=(diff * 2**32 // node.net.PARENT.BLOCK_PERIOD),
        )

I don't know why you use this formula "network_hashrate=(diff * 2**32 // node.net.PARENT.BLOCK_PERIOD),", but never, ever, the network hashrate have surpassed 25-27Kh/s, now is around 3Kh/s.

bitcredit-cli getmininginfo
{
    "blocks" : 118139,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 0.00007737,
    "errors" : "",
    "genproclimit" : 0,
    "networkhashps" : 3590,
    "pooledtx" : 0,
    "testnet" : false,
    "chain" : "main",
    "generate" : false,
    "hashespermin" : 0
}

[dragos_bdi]

i wonder about those big bag holders on bittrex, their coins are just sitting on the exchange, rather than spinning up a Bn and getting some coins in the meantime. If the distirbution graph is correct then someone is sitting on 3 Bns worth, and never sold/bought a single coin more, then also sits on it rather than making a profit off it.

And another one who can start another 2 BN's ... he has 539570 BCR

[hack_]

@ 1000 sats this is the most profitable to mine.

[Bagdar13]

i wonder about those big bag holders on bittrex, their coins are just sitting on the exchange, rather than spinning up a Bn and getting some coins in the meantime. If the distirbution graph is correct then someone is sitting on 3 Bns worth, and never sold/bought a single coin more, then also sits on it rather than making a profit off it.

And another one who can start another 2 BN's ... he has 539570 BCR

So I am wondering if this graph is correct then.  Maybe some glitch.  Also, it seems like only ~30 wallets have any BCR in them.  there are more than 30 people that post on this topic and I cant believe anyone who posts dosent have a wallet on bittrex; so maybe there is some sort of display artifact?

Also another thought about mining.  One thing that prevented this coin from being hurt in the early stages was selection of the momentum algo; you cant go rent a lot of this hash power and then dump, so people who are mining are probably wanting to keep most of their coins....to get a bank node etc.  This has lead to a successful early distribution (IMO) relative to other launches.

However, now that we are lacking a solo miner of equal capability to the pool miner, I have to wonder if this is in the short term going to have some people shy away from mining.  Granted there is not a perfect relationship to cost and difficulty to mine and hash-rate, but these are factors.  My bottom line is, if the mining situation is hurting the adoption or propagation of this coin it should be addressed in due coarse.

EDIT: At current difficulty (as averaged over the last 5 days) Owning a Bank node produces about as much BCR as 2 tahiti cores or about 5 pitcarn cores.  This is between 600-750 watts consistent power.  Both would have produced on the order of 3k BCR based on where I am sitting.  So that's about 1.2% the value of the bank node or an interest rate of 87% annually(and no compounding).  So if you think BCR will be around in a year owning a banknode (or 2) is a pretty good deal, especially compared with mining. 

It will be interesting to see how this math changes as bank nodes are added, and hopefully as hashpower increases.  I think the week or so of network trouble drove off some miners who have yet to return, that's ok but it means miners may be willing to sell for less in the near term.