Re: [ANN] [BSTY] * DIGITAL MONEY * YESCRYPT GLOBALBOOST-Y * CPU MINING
I feel that the experiment is going great! At first we were mining ConspiracyCoin, and kinda stumbled onto BSTY by accident. Saw it listed on suchpool and saw Cpu-only. So I went for it with just a single lab of computers at first. That first weekend we netted about $15 in BTC so I figured we were on to something.
As far as learning is concerned, it is interesting monitoring and dealing with such large amounts of crypto for the first time. Considering that as "sixstringsofire" I've created about 2% of the market cap and at certain times have been almost 20% of the network hashrate.
My professors want me to write a power-point. Not sure about publishing a paper or anything, no real hypothesis other than "Will it make money?" To which we've answered an resounding YES.
My main worry about the coin is that a 51% attack seems very easy to accomplish if you're willing to bend a few rules and bot-net fully automatically. There is a user on altpooler that I suspect is doing exactly that. Either that or there is a private GPU miner somewhere out there.
How do you feel the experiment is going? Have you learned a lot it from it? Will you be writing a paper about it? I am very glad that our coin was available for you to work with. Thanks for choosing GloabLboost-Y.
As far as learning is concerned, it is interesting monitoring and dealing with such large amounts of crypto for the first time. Considering that as "sixstringsofire" I've created about 2% of the market cap and at certain times have been almost 20% of the network hashrate.
My professors want me to write a power-point. Not sure about publishing a paper or anything, no real hypothesis other than "Will it make money?" To which we've answered an resounding YES.
My main worry about the coin is that a 51% attack seems very easy to accomplish if you're willing to bend a few rules and bot-net fully automatically. There is a user on altpooler that I suspect is doing exactly that. Either that or there is a private GPU miner somewhere out there.
Yup, we have permission to be doing the mining. At least with Computer Science Department resources. Granted it takes about an hour and a half to set up every weekend because we're not allowed to implement the mining as a fully-automated task. I have a Task Scheduler to kill the miners at 8am Morning. If you're interested in buying the mined BSTY you can contact me in pm or sixstringsofire@gmail.com
WTF 
Hope you have permission or stupid admins!
How about 12am MST? around 11am it's home time..
Hope you have permission or stupid admins!
How about 12am MST? around 11am it's home time..
How do you feel the experiment is going? Have you learned a lot it from it? Will you be writing a paper about it? I am very glad that our coin was available for you to work with. Thanks for choosing GloabLboost-Y.