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Showing 5 of 5 results by champloo
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Board Mining
Re: Testnet4 Mining (Discussion)
by
champloo
on 16/04/2025, 07:58:37 UTC
It seems to me that the only chance to stop what is happening now on testnet is to lead and distribute for free, thereby devaluing the test coin sales market.
This post comes to mind:
Please don't give TNBTC to people who are just hoovering it up to paid by defi scams based on it.

Real testing just needs tiny amount, the people who "need" large amounts are selling it.  (technically trading it for defi testnet defi tokens which they expect to get converted into real value once that scams they are participating in go live).

This abusive and anti-social behaviour has made it hard for people to get testnet for actual bitcoin testing because they've drained all the faucets and conned the people that have historically given it out out of theirs.

It's also forcing bitcoin development to abandon testnet for testing.

I can implement simple checks that can filter out botnets and prevent the funnel from being sucked out. In general, I agree that giving large amounts is not right. But considering that if it is possible to facilitate coin mining as the scammers do in the pool, the issue of replenishing the wallet will not be a problem.
It is also not worth distributing more than 5 TBTC, I agree. But at first, the distribution will be no more than 0.0001% of the wallet - which is 50,000 BTC that should be for the funnel maximum. This is a large amount for ASIC at the moment. But it will not be for the CPU.
And the pool will allow mining for those who need more.
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Topic
Board Mining
Re: Testnet4 Mining (Discussion)
by
champloo
on 15/04/2025, 22:53:56 UTC
I strongly believe this would be a good thing.

You could likely charge a 50% fee even because it's the only one and it opens up the renting market for people who can't just toss up their own pool.

There is more than one way to skin a cat.  Use the pool fees to fund the faucet and create something that is sustainable and scaleable.

Congrats on your blocks!
At the moment I'm trying to implement approaches that help guys get blocks. If I can implement them, then I'll launch a public Docker container for developers with a miner that will allow them to get personal coins, and not just through a faucet.

Code:
[error] ProcessNewBlock: AcceptBlock FAILED (high-hash, proof of work failed)

Please let me know when you get your faucet up and I'll recommend you (if it is decent.)

I'm still an ordinary DevOps engineer, not a blockchain specialist.
I have many ideas on how to qualitatively remake Docker images from mocacinno, because they are very untidy for me. But thanks to him, I was able to at least start testing this and mine now with rented ASICs.
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Topic
Board Mining
Re: Testnet4 Mining (Discussion)
by
champloo
on 15/04/2025, 20:20:41 UTC
You think, that traders really care about technically running any nodes? As long as centralized trading works, they will trade. Testnet4 can even be halted every 2016 blocks, and nobody cares (because then, all miners are forced to work with real ASIC difficulty for a single block).

There existed some CPU-mined altcoins, where validating the chain was harder, than mining the next block. And it didn't affect trading at all, and people shared already validated database in a "don't verify, trust" way.

Therefore, my actions and desires as a whole are meaningless and people have simply resigned themselves to it?
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Topic
Board Mining
Merits 8 from 3 users
Re: Testnet4 Mining (Discussion)
by
champloo
on 15/04/2025, 08:56:52 UTC
⭐ Merited by LoyceV (6) ,stwenhao (1) ,vapourminer (1)
I'm curious where you pointed your rented power since the only public Testnet mining pool is gone?
I launched my own. It's not expensive in terms of resources and money. If the community needs a pool, I can assemble it and launch it.
But I'm afraid there's not much point, against cpu mining

You would need to mine 40 blocks, and there are 72 blocks made per day... that is asking a lot for a global testing network.
I have already mined 12 blocks. I do not plan to stop.

Open market says you could save 800 perfect minutes for $44.
I understand that it is profitable for you when the testnet is traded. But I do not want to support this dirty business.

You'll be competing against this:
I launched this hack. But unfortunately the CPU miner does not directly support Bitcoind and I have to wrap everything in a separate ckpool
https://bitcointalk.org/index.php?topic=5496494.msg64205870#msg64205870

I currently have 5 nodes with different time periods. Blocks are found but unfortunately not sent. Today I will try to change the option for sending them.

It seems to me that the only chance to stop what is happening now on testnet is to lead and distribute for free, thereby devaluing the test coin sales market.
Post
Topic
Board Mining
Re: Testnet4 Mining (Discussion)
by
champloo
on 14/04/2025, 16:57:11 UTC
Hello everyone. Now I have also encountered this pain.
For my project I needed a couple of thousand tBTC testnet4. I went the classic way, rented an ASIC. And then I came across the above descriptions not only in this topic.
Maybe it is worth sharing an option on how to repeat CPU mining. I am ready to launch 10-50 of nodes and pools to cut off the ability of this individual to mine so much and make a faucet for free distribution of coins.
I am very sad about what is happening because of such a "bug"