BTW - Current results on IBM HS22 blade servers with 2x Xeon X5650 CPUs (12 cores total @ 2.67GHz):

[2016-02-11 03:31:19] thread 0: 52 hashes, 10.27 hash/s
[2016-02-11 03:31:19] thread 1: 53 hashes, 10.35 hash/s
[2016-02-11 03:31:19] thread 2: 54 hashes, 10.47 hash/s
[2016-02-11 03:31:19] thread 3: 53 hashes, 10.30 hash/s
[2016-02-11 03:31:19] thread 4: 52 hashes, 10.56 hash/s
[2016-02-11 03:31:19] thread 5: 52 hashes, 10.56 hash/s
[2016-02-11 03:31:19] thread 6: 56 hashes, 10.36 hash/s
[2016-02-11 03:31:19] thread 7: 53 hashes, 10.33 hash/s
[2016-02-11 03:31:19] thread 8: 53 hashes, 10.46 hash/s
[2016-02-11 03:31:19] thread 9: 53 hashes, 10.33 hash/s
[2016-02-11 03:31:19] thread 10: 56 hashes, 10.54 hash/s
[2016-02-11 03:31:19] thread 11: 53 hashes, 10.47 hash/s
[2016-02-11 03:31:19] thread 12: 53 hashes, 10.42 hash/s
[2016-02-11 03:31:19] thread 13: 52 hashes, 10.37 hash/s
[2016-02-11 03:31:19] thread 14: 59 hashes, 10.38 hash/s
[2016-02-11 03:31:19] thread 15: 53 hashes, 10.47 hash/s
[2016-02-11 03:31:19] thread 16: 53 hashes, 10.50 hash/s
[2016-02-11 03:31:19] thread 17: 53 hashes, 10.50 hash/s
[2016-02-11 03:31:19] thread 18: 54 hashes, 10.37 hash/s
[2016-02-11 03:31:19] thread 19: 53 hashes, 10.35 hash/s
[2016-02-11 03:31:19] thread 20: 53 hashes, 10.39 hash/s
[2016-02-11 03:31:19] thread 21: 53 hashes, 10.34 hash/s
[2016-02-11 03:31:19] thread 22: 56 hashes, 10.33 hash/s
[2016-02-11 03:31:19] thread 23: 53 hashes, 10.51 hash/s
[2016-02-11 03:31:19] Total: 249.94 hash/s

Who wants to sell some YAC?  So far I've purchased another 1 million YAC from various people after I posted my offer to buy at 0.0000008 BTC/YAC (roughly what Cryptsy was trading at when things went tits up) on the previous page of this thread, and I'm game to buy some more.  While I see the price is trading higher on BTER, just try to deposit or withdraw YAC to/from BTER and you'll see the problem!  I'm ready to buy lots of YAC and you'll actually get BTC rather than just hope BTER comes around.

Here's one way:  I'll buy up to a million YAC at 0.000 000 8 BTC/YAC, which I think is a hair higher than Craptsy was trading at toward the end.

I'll go nuke Craptsy off the first info post of this thread.

You know, given that there are currently only a handful of YAC nodes running, it might not be difficult to narrow down the malicious miner by observing which node(s) introduce(s) which blocks to the network and when...

Yep, first post updated.

Perhaps we're discussing different altcoins that Luke-jr has attacked.  He did 51% CoiledCoin using hashrate from Eligius to merge-mine CoiledCoin without the knowledge of the miners using his pool, and minted blocks with no transactions.  Perhaps the high-difficulty stranding you're referring to was a different alt.

https://bitcointalk.org/index.php?topic=56830.0
http://bitcoin.stackexchange.com/questions/3472/what-is-the-story-behind-the-attack-on-coiledcoin
https://bitcointalk.org/index.php?topic=56675.msg676981#msg676981
http://forums.microcash.org/index.php/topic/503-coiledcoin/

Different alt, same story:
https://bitcointalk.org/index.php?topic=95401.0

Nonsense.  If you simply ignore everyone else's blocks, you can make *every* block empty as long as you have at least slightly more hashrate than everyone else, by mining your own blockchain in isolation from the network and leaking it out to the other nodes.  If you have at least slightly more hashrate than everyone else, eventually your blockchain (with every block empty) will win.

Mining on top of other blocks found by other miners would pretty much defeat the purpose of a 51% attack.  That would certainly be "amateur night at the 51% party."  A correctly executed 51% attack mines on top of the attacker's own blocks, so they can override everyone else's blocks when their alternative blockchain with a higher chain trust is introduced to the network.

Well, perhaps if by "mine for a while", you mean "51% the coin while excluding anyone's transactions from the mined blocks", then that would be pretty close to what happened (if I remember correctly).

LOL, if anyone wants to drop a mega-YAC (1 million YAC) at ridiculous (or even reasonable) prices, just send me a message and I'll save you all that hassle of dumping it on the exchanges.

Added to the first post of the thread.

Thanks for asking, but naw, I think I'll continue mining and hodling everything I mine.  Shouldn't be too hard to snag 500K on Cryptsy if you're willing to spread it out over a few weeks.

A short while back I posted that I was interested in buying a megaYAC (1 million YAC), though serious offers definitely weren't what I received.  One person wanted 3x or 4x the going rate on Crypsty and BTER, and another asked for 10x higher than the going rate.

Did you get any actual serious offers to your inquiry?  I ended up just buying that amount on Cryptsy spread out over a bit of time, and then have mined another megaYAC (tm) in the meantime.

Yes.



Setting up solo mining is not particularly difficult.  Getting the actual miner up and running is the hard part, and you've already got that covered.  If you're running the YAC wallet too, then you're 95% of the way there.  With 2.8kh/s, there's not much reason to be afraid of solo mining.  Pools are useful when your hash rate is low enough that you'll rarely mine a block on your own or can't take the risk of a long dry spell due to variability, but at 2.8kh/s and the current difficulty of 0.0012, you're likely to average about 30 minutes per block found.

After the last N change, I cranked back up quite a few otherwise-idle blade servers CPU mining YAC to keep things moving along after a lot of GPU miners stopped mining and to shift the balance of hash rate away from certain pools having too large a share of the overall hash rate.  So, at least some portion of the apparently large non-pool hash rate is me solo mining at the moment.  Thirtybird is probably another good chunk of it.  Granted, I'm mining at a loss (in terms of power cost), but I'll probably leave it going for the winter for a little extra heat in the building the servers live in.

Added a link to Groko's explorer to the first (info) post in this thread.

Seems like a bit of a failed launch of this new fork and wallet, given that it hard-forked over to parameters incompatible with the official Elacoin wallet at least 12 earlier than advertised, and before anyone did a thorough examination of the source code of this new wallet.

Yep, updated.

The inflation decreases over time as the number of mined coins over time becomes a smaller and smaller amount relative to the overall number of coins in existence.  Look at what it will be a few years down the road.



The top miner at coinmine.pl is investing a large amount of hardware resources and power to get those coins.  The block reward they're receiving isn't vastly greater than the block reward was during YAC's hash rate peak.  Your proposal is to slash their return by more than 1/2 and just cross your fingers that price of YAC rises by an equivalent to compensate, for the purpose of increasing the value of early investors?  Sounds more like a recipe to drive away more miners, who are already in short supply.  Note, I hold a pretty large quantity of YAC at this point (not quite a million YAC yet though), and even I would be opposed to this change because I've seen numerous other alts try to change their block reward to enrichen the early investors / hodlers and/or penalize miners that came later.  I have yet to see that work out particularly well..

There's already a cap on the block reward in place.  I would be more worried if there were not, or if modern miners were getting an order of magnitude higher reward now or something, but that is not the case.  The sky is not falling.  All alts are decreasing in value at the moment.  Hard forks and changes to the basic parameters of a coin should be a last resort reserved for extreme circumstances.  Note that the YAC community is still alive even though we still have the same basic reward parameters that the coin started with.  We prosper by knowing when to keep our hands off the basic parameters of the coin for the purpose of favoring a select part of the community's participants.  The way the reward calculation works and is capped wasn't a mystery that was suddenly sprung on everyone recently, it is the same as it has been since the beginning and anyone choosing to participate in YAC should have known what those parameters were when they became involved.



Was me?  The very first thing I did after forking the YACoin source was not to go changing the reward parameters.



Translation: "I'd like to hard fork your coin to change the block reward so early investors and miners have a larger advantage over current miners.  And if you don't like it, feel free to mine something else."

Is that a fair translation?

6 blocks/hr * 1048576 * 8 = 50331648 bits/hr

50331648 bits/hr / 3600 seconds = 13981 bps = 13.981 kbps   (with no additional overhead)

For 7 blocks/hr, 16.311 kbps   (with no additional overhead)

These rates exceed conventionally available AX.25 packet radio / TNC throughputs for HF and VHF ham bands (generally 300 baud FSK for HF, and 1200 baud AFSK or 9600 baud AFSK for VHF/UHF).  Either use of higher frequency bands or a custom modulation format that would tend to have a bandwidth exceeding amateur radio rules in most ITU countries on HF, VHF and UHF frequencies would be needed.  At that point you might as well just set up a 900MHz, 2.4GHz or 5GHz 802.11 link.



$10 to $15 for a Realtek-based DVB-T USB receiver dongle used as an SDR (software defined radio), and you can receive whatever you want from 24 to 1766MHz (in the case of versions of the dongle using an R820T RF front end).
http://sdr.osmocom.org/trac/wiki/rtl-sdr

To my knowledge, from having worked on numerous VLSI/ASIC projects (and thus knowing the development process and realities of getting from idea to trays of packaged dies on your desk), and from looking at the thread over on litecointalk and jasinlee's comments about where they're at..  I don't believe they have actually finished the design and taped it out for a prototype run yet, which would need to happen before they even know if the design works.  Let alone scheduled production quantities with a fab after verifying the prototype functions and performs as expected, which is generally a long lead-time proposition.

That's my viewpoint from having undertaken scrypt ASIC development late last year.  Only we spun our own ASICs for our own mining operation, not to sell to others.  The oft-repeated "the merchants get rich off the miners backs" analogy is applicable to gold mining in the 1800's.  In the context of cryptocurrency mining, that's just silly.  The ones that actually won are the ones that got there first while difficulty was still nice and low.