Short stat since launch

Blocks mined:
- BCN: 154 blocks
- DSH: 231 blocks
- XDN: 1 block (finally!)
- XMR: still waiting for (double reward bonus for the 1st round is still active)

Issues:
- 2015-04-13: incorrect reboot (~4 hours downtime)
- 2015-04-17: DashCoin payments delayed for 20 hours

CryptoNote address can be partially audited in case owner will explicitly allow you to do that by giving you view key.
Otherwise, it is impossible.

Diff is high enough to recommend you pool mining in order to reduce reward variance.
Solo mining is technically possible with any CryptoNote daemon on CPU.
GPU always needs specific GPU miner.

In IRC they promised to release sources in several months.

Reward depends on the difficulty. Today 2kh/s should give ~ 1.5 +/- 1 XMR/day

Hello!

There was an issue with payouts on DSH.CryptoNight.net yesterday. Now it's ok. Please check your wallets.
https://bitcointalk.org/index.php?topic=1013306.msg11125458#msg11125458

Sorry for inconvenience.

Payment issue 2015-04-17

Payments in DashCoin were suspended starting from 2015-04-17 18:29 because too big transactions were generated. Now payments are resumed. Miners will receive their reward during 30-40 minutes. Please check your wallets.

Sorry for inconvenience.

Two fixes for comparison:

- Monero: it has a web wallet: mymonero.com
- DarkNote: it has a lite GUI wallet (the official one is LITE - it doesn't download blockchain to PC)

So far:

- 145 blocks found in the Bytecoin chain
- 33 blocks found in the DashCoin chain
- Monero and DarkNote are still waiting for miners

Technically DashCoin is very similar to Bytecoin: developers follow commits in Bytecoin repository but maintain their own blockchain started in 2014. DashCoin developers created an automatic tool that generates new CryptoNote-based currency from Bytecoin source tree: https://github.com/pmitchev/cryptonote-generator.

Short news:

1. DashCoin miners have found 2 blocks today.

2. Pool about next CryptoNote coin is added. Your opinions are welcome!

Today DashCoin pool is added at http://DSH.CryptoNight.net.

DashCoin is a CryptoNote - based coins mirroring Bytecoin code base. Not to be confused with DASH (new name of DarkCoin). Current hashrate of DashCoin is about 50Kh/s it is quite easy to find block on pool.

Join now and have a nice mining!

Just installed new pool: http://DSH.CryptoNight.net
Fee is 1%

All miners are welcome to join!

http://XMR.CryptoNight.net - new Monero mining pool on dedicated Core i7 machine located in Europe.

Fee: 0.8% (0.3% - donations + 0.5% - pool fee).

Bonus offer for 1st round participants

XMR pool on CryptoNight.net has no blocks found yet.
All 1st round payments in XMR will be doubled (additional payment will be issued manually within 24h).
Join us

As soon as the 1st block will be found 1st round will be finished and pool will continue it's normal operations.

Pool OP: https://bitcointalk.org/index.php?topic=1013306.0

Have a nice mining!

Let me share some findings and questions about CryptoNote currencies mining comparative profitability.

The number of Bitcoins per one CryptoNight hash calculated is chosen as a profitability measure.
Here is the way to calculate it (Monero example):

Difficulty: 1102336316 (average number of hashes to find one block)
Block reward: 10.7625 XMR
Price: 0.00341429 BTC per XMR

Bitcoins per one Monero block: (Block reward) * (Price) = 10.7625 * 0.00341429 = 0.036746 BTC (per one Monero block)

Bitcoins per one hash calculated: (Bitcoins-per-one-Monero-block) / (Average-number-of-hashes-to-find-block) = 3.3335e-11 BTC per hash

The same for Bytecoin:

(48591.00 * 0.00000008) / 134552610 = 2.8890e-11 BTC per hash

or

(48591.00 * 0.00000009) / 134552610 = 3.2502e-11 BTC per hash

Looks very close to Monero level despite the fact that all the other number aren't similar at all.

The same for DarkNote:

(312.5 * 0.00000032) / 17035523 = 5.8701e-12 BTC per hash

It looks order of magnitude smaller. If you decided to skip calculations here is a chart:

http://s27.postimg.org/m7yoizif7/image.png

Several questions arise:

1st: What's wrong with XDN?

Note, that XDN in some ways is more advanced than both BCN and XMR: XDN has an embedded messaging and it has a GUI for months already.

2nd: Why BTC per hash is so close in BCN and XMR? What drives market (in the broad sense) to keep this balance?

3rd: Does this mean that miners sell all CryptoNote coins for Bitcoin (i.e. they don't keep anything)?

4th: Would the difficulty increased twice force miners to move to another chain in case of unchanged prices of both?

Here is another view on BCN/XMR price balance. Let's divide BTC-per-hash-in-BCN by BTC-per-hash-in-XMR and let's do it few times for different levels of prices of both (see table below).

One indicates the parity for a given difficulty of both networks.
>1 (blue space) - hash calculated for BCN is more expensive than hash calculated for XMR
<1 (orange space) - vice versa

http://s1.postimg.org/umuh15e33/image.png

The question is the same: what drives market to keep parity?

-------------------------------

PS:
For the first week of operations miners on CryptoNight.net have found 124 blocks.
Stay with us, join us and have a nice mining!

I confirm that Magica really does this. Proof: https://twitter.com/cryptonight_net/status/585884382604435456

Several good news today:


About Bytecoin

1. during last 24h we have found 32 blocks in Bytecoin chain.

2. Pool hashrate on http://BCN.CryptoNight.net is now about 6% of total hashrate of Bytecoin network.

3. Bytecoin team released their new GUI. Still closed sources but I think it's worth a try.
   Their GUI OP: https://bitcointalk.org/index.php?topic=1018904.0


Monero and DarkNote

4. Monero and DarkNote pools are ready for operations on http://XMR.CryptoNight.net and http://XDN.CryptoNight.net. Join us!


Have a nice mining!

1st: this is a measurement of pool's luck.

Shares means the number of hashes calculated by all miners during the round.
Diff - is the current difficulty (i.e. average number of hashes we need to calculate to find a block).

If Shares/Diff is above 100% - we calculated more hashes trying to find block then expected (this means "bad luck")
If Shares/Diff is below 100% - we calculated less hashes during the round and this is "good luck"

During the long period of time average luck must be around 100%.

2nd: proper implementation of merged mining requires some C++ programming. I'll come back to this task next week.

Actually the wallet is too wide for small notebooks. Is there any way to make it more compact?

Looks like it generates a new address by default.

Do you have any localization plans?