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Showing 20 of 28 results by chris.capossela
Litecoin is "officially" dead...
LOL.Someone must burst out crying then.
Btw, when will the nxt fee be lowered and how much?
Recently I received 4 nxt at nxtra.org/faucet/ and am very happy about it. I'm lucky!
Recently I received 4 nxt at nxtra.org/faucet/ and am very happy about it. I'm lucky!
We are the best, we are superior, we are not a scam
We are NO3
All haters please exit
I thought it was sarcasm.. We are NO3
All haters please exit
Orphaned blocks are wasted having power, so the network becomes less secure
For more detail, I'll try to present a few numbers.I referred to the bitcoinmagazine article: http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/
Assuming it takes about twelve seconds for the block to propagate through the network...
Bitcoin (10min): 2% work wasted = 2% less secure
Litecoin (2.5min): 8% work wasted = 8% less secure
Primecoin (1min): 20% work wasted = 20% less secure (than all of the work dedicated).
In regard to the incentive for forging being securing one's investment, I strongly recommend adopting a "cold-forging" feature because the psychological fear of theft is huge when forging online.
There is a feature called Account Leasing.
You can give your account forging rights to another account, without giving up control of your coins.
So it's easy to lease your accounts forging power to a new account, and only use that account to forge online. This is effectively "cold-forging".
Thank you! Nxt definitely has various fascinating features. I guess many competent developers are behind this project.
Thank you for your insightful post, Blazin604. This is very true.
Which bit?
The fee argument.
It is out of date. MinFeePerByte was already agreed when the original post was made by BrianNowhere and will be part of the next release.
Thanks. One argument was that PoS achieves low transaction fees (no energy cost), but reality proves it needs enough incentive to secure the network was interesting.
In the early days forging was portrayed as means for profit, just like putting money into miners for PoW, but since then it became clear that Nxt forging produces minimal return. The true incentive for forging is to secure your investment while doing it.
Normally this would not necessary be enough incentive to create a sizeable, healthy network. But here is where thinks get interesting. Nxt is not simply a coin (thats the reason why it's not NxtCoin), but a platform. People can and do built business, services, even other (PoW) coins on top of it, and they are highly motivated to secure the network.
A seen a lot of people who used to the idea and practice of mining look at Nxt, and be disgusted that there is no money to be made that way with Nxt. That's because Nxt is truly something new with new possibilities, you have to look at it with different eyes.
In regard to the incentive for forging being securing one's investment, I strongly recommend adopting a "cold-forging" feature because the psychological fear of theft is huge when forging online.
Thank you for your insightful post, Blazin604. This is very true.
Which bit?
The fee argument.
It is out of date. MinFeePerByte was already agreed when the original post was made by BrianNowhere and will be part of the next release.
Thanks. One argument was that PoS achieves low transaction fees (no energy cost), but reality proves it needs enough incentive to secure the network was interesting.
Thank you for your insightful post, Blazin604. This is very true.
Which bit?
The fee argument.
Re: [ANN] NEX :: descendant of NXT - Imagine Fairness!
I am interested, too.
BTW, how about distributing coins based on Bitcoin ledger?
For example, the first big distribution occurs proportionally to the
amount of bitcoins held. After that, gradual distribution of lottery
system calculated from all Bitcoin's block headers and balance (this
will ensure on-going distribution which is unpredictable).
Also, this will make all existing bitcoins (and future coins) worth
more, which (I think) is good for the entire cryptocoin's faith.
Re: [ANN] MemoryCoin 2.0 (MMC) - Now With Block Rewards!
Block reward of 616.00 MMC? Is this a serious bug? 
Block #380
http://www.chainbrowser.com/memorycoin/block/0000b7f077c2689dd9107cf31f20e31ff682d07dfb150e7ee387331f51c84545/
Transactions in the block says mined block reward of total: 1232.00040000 MMC, which breaks the rule I think.
Is this a problem?
Block #380
http://www.chainbrowser.com/memorycoin/block/0000b7f077c2689dd9107cf31f20e31ff682d07dfb150e7ee387331f51c84545/
Transactions in the block says mined block reward of total: 1232.00040000 MMC, which breaks the rule I think.
Is this a problem?
If you look carefully, the mined block reward is still 280MMC, 56MMC each is awarded to the voted ceo,cto,cso,cha,cmo,cno for "services" rendered to memorycoin.
Thanks, that makes sense. I thought it was a hacker's act. I'm relieved.
Re: [ANN] MemoryCoin 2.0 (MMC) - Now With Block Rewards!
Block reward of 616.00 MMC? Is this a serious bug?
Block #380
http://www.chainbrowser.com/memorycoin/block/0000b7f077c2689dd9107cf31f20e31ff682d07dfb150e7ee387331f51c84545/
Transactions in the block says mined block reward of total: 1232.00040000 MMC, which breaks the rule I think.
Is this a problem?
Block #380
http://www.chainbrowser.com/memorycoin/block/0000b7f077c2689dd9107cf31f20e31ff682d07dfb150e7ee387331f51c84545/
Transactions in the block says mined block reward of total: 1232.00040000 MMC, which breaks the rule I think.
Is this a problem?
Re: [Guide and Giveaway] Mining Protoshares on Digital Ocean and Giveaway too!
PhxqLNm874d9YLYASHd8Ve8sTN5Us5FSrx
Thank you!
Btw, I have created many (about 15) DO droplets since Thursday night, but only found one block.
Is this because they all shared the same wallet (15 droplets were hashing the same search space)?
Each droplet informs the same getbalance output.
Thank you!
Btw, I have created many (about 15) DO droplets since Thursday night, but only found one block.
Is this because they all shared the same wallet (15 droplets were hashing the same search space)?
Each droplet informs the same getbalance output.
Re: 【ANN】【HTC】huitong coin has launched on October 12th 【new algorithm scrypt-HTC 】
You just proved that you do not know nothing. Tnank you. I will mine HTC-coin.
..... I have tried a little, but maybe due to (modified) scrypt-jane hashing, this scrypt-htc is about 10x slower than a regular scrypt hash function used in Litecoin.You got at least one block with GPU? I have only rejects by using GPU-mining.
By the way, at the source code I have not seen that it IS scrypt-jane. (scrypt-jane always have something like this : "nChainStartTime =", "MinimumN = ", "MaximumN = ")
I'm sorry for the misleading sentences. I tried to mine this coin using my laptop's cpu.
Btw, if Huitong coin uses an advanced hashing algorithm different from scrypt-jane, it looks like promising.
I want to know the details of the algo, but there's no documents describing this.