Quote from: dominuspro on August 29, 2015, 07:57:39 AM

Quote from: stonehedge on August 29, 2015, 07:07:09 AM

Quote from: e1ghtSpace on August 29, 2015, 06:07:03 AM

Well, I'm back everyone. I'm surprised that hardly any posts have been made on this thread.
It should pick up soon.

As said in the update, we're all pretty busy paying the bills at the moment and sadly the effort we are putting into Spreadcoin isn't publicly facing on this thread at the moment.

Welcome back.

I know what are You talking about Roll Eyes

bills bills bills and more bills Wink

The SatoshiNakamoto1 lucker should have all the bills paid Grin

One of the best lessons learned so far from the dogecoin pilot was someone quickly assessing the cost to mine for a van gen vs. effort & reward.

It was something we guessed would be an issue and indeed it was the first thing highlighted, pretty much. The first calculation was the return on simply mining vs. reward on offer.

That's why I'm keen to set-up a growing BTC fund held in escrow. The bigger the fund gets, the more people will want to go after it.

The other thing that was interesting to learn was the immediate reference to using GPUs to chase addresses.

So far the pilot has highlighted:

> Need a big reward to motivate people to take the cost risk of chasing the reward

> A winner can just sit on a vanity gen and let the rewards build up. So we would need to run a search for at least three or four addresses.

> Using some of the built-up BTC to pay variable monthly payouts, paid out either at random or to easier to find addresses.

> We still need a way to prevent bots being created. Using collateral is probably the best way, but we don't have an easy way for people participating to demonstrate their collateral payments. Perhaps setting up an open slack channel might be a good way to do that?

> We could tie searching for a van gen, as part of a competition, to encourage people to keep their nodes on and helping to seed to others.