Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
dbkeys
on 05/07/2017, 13:14:15 UTC
Does any pool works?

No pools work as one person has been mining the entire supply for well over a year.

The selfish miner is probably the original dev Nathan Rixham, who scammed people and stole their money, and never paid back his debts. Looks like vindictive sabotage going on to me, he's still around, and wants BTM to fail.

Looks like polo have no reason to keep this coin listed anymore, I think they only put up with the selfish mining as they used the marking system in the troll box.

Why is it that only 1 person can mine BTM? why can't any one else and why devs don't do anything about it?
if you have any real info about this person, can you please share it so we can try some other actions? some of us have a lot of BTM and I'm afraid actions of this guy might get BTM de-listed soon on polo

If you take a look, BTM is being mined by several different miners/pools at the moment:
https://chainz.cryptoid.info/btm/#!extraction
and the orphaning normal :
https://chainz.cryptoid.info/btm/orphans.dws

One of the miners is my pool, which is going through initial tests. It'll be public when its fully set-up, and ready to suport mPoW.

As far as doing something about the selfish miner  (whoever he/she/they were):   We are !      If you look back at the posts you will find that we are working on a multiple-Proof-of-Work solution (mPoW) to the selfish mining, which is currently running as a testnet.   Everyone is more than welcome to examine the code, and in fact, it would be great to get feedback on it.

https://github.com/piratelinux/bitmark/tree/0.9.7

The philosophy for Bitmark has always been to be relatively stable, adopting tried-and-true solutions as much as possible in order to provide a bedrock, healthy blockchain on which to build Marking, its core reason for being. To this end, the proposed fork is adopting DGWv3 and mPoW, and, in a nod to investors like yourself who are concerned with defending the value of the coin, we are presenting something new: Coin Emission Modulation (CEM v0.1, ) to better match coin production with market demand. The basic idea of CEM is to assume hashrate equals demand, and, to a certain extent, proportionately reduce the block reward if the network hashrate is low compared to a recent peak hashrate.

You can read more about the proposed hardfork, the issues addressed and proposed solutions here:
https://github.com/project-bitmark/bitmark/wiki/Hard_Fork_Criteria

Sync to the blockchain isn't too long and we are working on adopting headers-first synchronization which will mean even faster initial blockchain downloads.