Re: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY
PM-Tech Update:
Basic functionality is running fine in production. The only issue users might have encountered on our pool last night was that mined blocks haven't been updated in the frontend for a while. This wasn't a node issue, I have installed backup instances where one of them is actively communicating with a stratum test instance sending block notifications. When this one got synced, it mixed up the shares in the DB a little, causing MPOS to stop the UI updates (cronjobs). All blocks mined were accounted later on, no issues there. My apologies for discovering that a few hours late.
The performance of the new wallet is slightly (really minimal) worse than the old one. This is caused by the additional block verification steps due to the BIPs deployed using Bitcoin's IsSuperMajority rule, e.g. elevating the block version. Once these BIPs are enforced, we will release a minor update almost immediately, where those rule checks will be replaced by a simple starting block check (similar to how BIP34 is handled nowadays). From then it is expected to outperform the current version.
Initial block download was improved significantly, this will be noticed by new users as well. IBD starts with downloading just the headers from one peer, in parallel the block download is initiated receiving the data from up to eight peer simultaneously, decreasing IBD times from a day now on the old version to a few hours in best case.
Currently I'm in the process of testing the updated multisig functionality which is also supposed to be supported by the Electrum servers. A lot of possibilities are given here in terms of smart contracts, micropayment channels and JoinCoin.
To be continued....
Basic functionality is running fine in production. The only issue users might have encountered on our pool last night was that mined blocks haven't been updated in the frontend for a while. This wasn't a node issue, I have installed backup instances where one of them is actively communicating with a stratum test instance sending block notifications. When this one got synced, it mixed up the shares in the DB a little, causing MPOS to stop the UI updates (cronjobs). All blocks mined were accounted later on, no issues there. My apologies for discovering that a few hours late.
The performance of the new wallet is slightly (really minimal) worse than the old one. This is caused by the additional block verification steps due to the BIPs deployed using Bitcoin's IsSuperMajority rule, e.g. elevating the block version. Once these BIPs are enforced, we will release a minor update almost immediately, where those rule checks will be replaced by a simple starting block check (similar to how BIP34 is handled nowadays). From then it is expected to outperform the current version.
Initial block download was improved significantly, this will be noticed by new users as well. IBD starts with downloading just the headers from one peer, in parallel the block download is initiated receiving the data from up to eight peer simultaneously, decreasing IBD times from a day now on the old version to a few hours in best case.
Currently I'm in the process of testing the updated multisig functionality which is also supposed to be supported by the Electrum servers. A lot of possibilities are given here in terms of smart contracts, micropayment channels and JoinCoin.
To be continued....
good ...
im glad things are starting to make a lot more sense now ... as well as starting to roll along mate ...
pool / stratum / db - are all a pain but part of the process ...
we will start the pool i initially started mentioning - and compare notes ... that way we can have a couple of pools running IF i can get it all setup and modified ...
we unfortunately cant really test the pool - as we have no scrypt miners / asics to test with ... especially when high hash is concerned ...
right now though - finishing all the 'real world' stuff and setup ...
chat to you back on skype soon ...
#crysx
just fucking stop you need to talk to varvarin we have more hash power than you can shake a stick at
hmmm ...
i dunno whether to take what you are saying as a joke - or you are purposely making out to be offensive ...
not to mention that what you have written - really doesnt make sense to me ...
who on earth are you anyway? ...
#crysx
EMC2 ===> if you had any idea how big this coin is... 10K easy maybe 100K by 2018
~ask varvarinyou think i dont know? ...
being one of the members of the core team - i had better know
...but here is the thing ... unlike you - who rates the coins 'bigness' on price - i ( and we at CWI ) dont ... we rate it on the coins progress - and most of all - the team behind it ... price is consequential ... no matter who you speak to on the team - varvarin included - they will tell you the same thing ... even though some of the older team members have a nice sum in their wallets - and would like to see the price increase - the main purpose of ANYTHING happening here is the growth of the coin - not the price ...
so 10k 100k 1m - all consequential ...
without the great team and members of the team - the coin is lost ...
so - i think i have a better idea of how 'big' the coin is than most others ... except for the other team members of course - who KNOW what i do about it and how much effort and code are going into it currently ... and believe me - there are LOTS of things that we will bring out soon ...
...#crysx
PRICE is everything. if we were still 20 satoshis what really is it worth?
..in my world your grand ideologies mean little if you are broke and jobless
my point exactly ...
which is why WE continue to get stronger and better - and those with the 'price' ideology continue to scramble for the next dollar ... normally due to hunger and poverty - as well as greed ...
price is NOT everything ...
vision and hard ( and smart ) work and the pursuit of a workable system IS everything ...
it is your mentality that keeps the systems where they are - and on a level that cannot grow ... vision ( instead of the blind 'dollar' faith you seem to have ) is the growth factor here - NOT price ... what is the use of a system that goes no where - but on a trade list? ... eventually interest wains and it becomes a deceased entity ... without growth of the project - price is moot ... and that growth can ONLY come from vision ... and that costs nothing ...
but - im not here to convince you otherwise ... only here to grow the coin - the projects surrounding it - and the ideals that come with it ...
btw - to answer your question ... YUP! ... even at 1sat it is worth it if it has a decent vision ... eventually - people will see what comes of this vision - GROWTH ... when that happens - price is a consequence ... oops - i did it again ... said those two words - price and consequential - in the same sentence again
...#crysx