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Board Announcements (Altcoins)
Re: [ANN][FLO] Florin | 0.10 Upgrade | The original tx msg coin | Project Alexandria
by
desci
on 07/04/2017, 10:35:12 UTC
Ah, by "burning" I was referring to specifically the act of spending coins to an unreachable address, therefore removing them from circulation. There are a number of coins that use this type of coin burning for various purposes.

Paying fees for blockchain messages has always been part of Florincoin. There is a fee-per-byte calculation (derived from Bitcoin's fee calculation). Transactions with filled tx-comment fields are mostly >700 bytes which results in a miner's fee.

Yes, but this only benefits miners, who don't care about Flo or it's value. They will just dump any Flo they get back on the market. So, use of Alexandria would ironically just result in more sell pressure for Flo. I have seen this mechanism work out poorly for the value / price of other coins long term.

Are there any mechanisms by which Flo would increase in value? Could those fees go to burning those instead? Not sure why you would pay those to miners instead of Flo holders (by burning or some other mechanism). If you did this it would increase the value of Flo tremendously from at least a theoretical perspective.

Just remove them from supply by having them all go to a burn address is the easy answer here.

Appreciate the discussion.

I mine Florincoin and I hold them. I do it because for the blockchain to move, someone have to mine. I've seen some pumps, including the one today - poloniex price went up to 1555 satoshis - and so far I've never dumped anything.

I'm not preparing to dump it even if the price goes above 1 BTC. And even if I did, I would still be mining, just because I have scrypt ASICs and the network needs mining to continue serving say alexandria videos.

One thing that would make sense for Florincoin would be the farming "proof of resource" concept from SIA, STORJ, MAID, etc. At least it would make sense for alexandria to use yet another blockchain for storage, if it doesn't get implemented with florin itself. This would give non miners, the hard drive collectors (me included) another way to help the network.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
desci
on 02/04/2017, 21:34:19 UTC
My first masternode's 9.5 PIVX stake came just now. It took around 3 days and 6 hours. I remember that when the stake was 50 DNET, it used to take less than 24 hours.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
desci
on 30/03/2017, 11:48:43 UTC
Nevermind me, I've just got updated on the last years happenings and I found out the already working masternode hosting services.

Also, I've found out that my masternode is worth much more now. I hope the other masternodes don't start dumping. I know I won't.

I will still consider and study putting up a staking node / masternode hosting service.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
desci
on 30/03/2017, 10:24:31 UTC
Can someone confirm the blockchain is at 600-650MB?

If it is still that size all this time, then I could offer masternode hosting.

If I'd offer masternode hosting with ipv4/ipv6/tor, would anyone pay for?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
desci
on 30/03/2017, 09:40:54 UTC
I found my darknet wallet in a hard drive that was corrupted, I've started a new masternode with the funds on it.

It's on a dynamic ipv4 only connection still, but eventually I'll move to a VPS.
Post
Topic
Board Mining (Altcoins)
Re: Best Asic Scrypt Miners under $150
by
desci
on 28/03/2017, 23:32:53 UTC
I mine scrypt with ASICs for some years and now if you want to get in the game you should start with ASICs that delivery at least 50-100MH/s. That was the range that I started with, it required a group of ASICs. Now you can have that kind of power with a "single" box.

Old scrypt miners are becoming like old sha256 miners, people are starting to solo mine litecoin like they do with bitcoin. I'm still making profit from scrypt coins though.

Back in the early days, there were some shit coins out there, this doesn't seem to happen with scrypt anymore to the best of my knowledge. Shit coin creators seem to be targeting GPU miners, since that's where the hype is.

If you want to surf the wave, you should check X11 ASICs which are getting popular as of this writing. There seem to be some new ASICs that advertise as being "multi algorithm", I don't have real world intel on that, I suggest much research (such intended).
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLO] Florin | 0.10 Upgrade | The original tx msg coin | Project Alexandria
by
desci
on 28/03/2017, 23:08:45 UTC
Hello guys,

I'm new to this forum and even to cryptomining. I want to start mining florincoin and want to invest in an asics miner (Antminer S7 to be precise).
How do I setup my pc or future asics rig to mine florincoin? Should I just download the florincoin wallet or is there another program that should be installed and executed?
Also can somebody explain to my how I should choose my asics miner, I see that there are different algorithms for each coin and that Asics are specifically build for one algo.
What algorithm is florincoin and is the Antminer S7 able to work with this? What performance can I expect to get in hashing power?

If someone could give me a kind of overview what is important to know so I can research a little bit more myself and get a good understanding what is important.

-MrTrex

Florincoin uses the scrypt algorithm for proof of work. You can't mine that with Antminer S7. An ASIC like that just does a simple work of calculating double sha256 hashes, hence the latest antminers can calculate more than 10TH/s.

Scrypt was meant to be an encryption algorithm, nowadays you probably better don't encrypt nothing using scrypt, because anyone in the world with an ASIC could probably decrypt it within minutes.

Search for ASIC scrypt in this board: https://bitcointalk.org/index.php?board=160.0 Mining (Altcoins)

Since cgminer dropped support for scrypt, you'll have to use either bfgminer (https://github.com/luke-jr/bfgminer) or modified versions of cgminer like this one: https://github.com/dmaxl/cgminer.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLO] Florin | 0.10 Upgrade | The original tx msg coin | Project Alexandria
by
desci
on 28/03/2017, 14:19:24 UTC
is 1k possible?

As of right now, it is.

Congratulations to everyone involved, and let the haters cry their mediocrity all they need to.
Post
Topic
Board Mining (Altcoins)
Re: Raspberry Pi - BFG Miner help - Noob
by
desci
on 24/10/2016, 15:03:14 UTC
I've publicized the scripts I use in the raspberry pi to control the ASIC miners, but the instructions are in brazilian portuguese.

Will eventually translate them and provide a link.
Post
Topic
Board Mining (Altcoins)
Re: Raspberry Pi - BFG Miner help - Noob
by
desci
on 24/10/2016, 08:25:44 UTC
You should run that in the bfgminer folder

Which in your case happen to be ~/bfgminer, so you should use this:

Code:
./bfgminer/bfgminer

Instead of this:

Code:
./bfgminer



The "proper" way to do it would be to:

Code:
pi@raspebrrypi:~ $ cd bfgminer
pi@raspebrrypi:~/bfgminer $ ./bfgminer --scrypt -o stratum+tcp://stratum.eu.nlg.hardcoreminers.com:3026 -u Weblogin.WorkerName -p WorkerPassword

You have to change Weblogin.WorkerName to your login data found on the My Account / My Workers area. For example:

Code:
-u desci.1 -p x

So the full command for me would be:

Code:
pi@raspebrrypi:~ $ ./bfgminer/bfgminer --scrypt -o stratum+tcp://stratum.eu.nlg.hardcoreminers.com:3026 -u desci.1 -p x



If bfgminer is actually installed in the system, however, you should run it without the leading dot and slash, like so:

Code:
pi@raspebrrypi:~ $ bfgminer --scrypt -o stratum+tcp://stratum.eu.nlg.hardcoreminers.com:3026 -u desci.1 -p x
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ParallelCoin - DUO - SHA256 + Scrypt | Community Takeover
by
desci
on 24/10/2016, 06:23:18 UTC
Either set the mining computer as DMZ or forward the ports to the ones set in the parallelcoind config file

Im not being ironic - this is sort of a obscure magic thing. I've never seen a commercial "router" work like it should.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLO] Florin | 0.10 Upgrade | The original tx msg coin | Project Alexandria
by
desci
on 19/10/2016, 18:06:49 UTC
Regarding the recent change on volume and price on big exchanges, that's probably related to the fact that everytime some project show news, the hype law determines that some people will rush to buy some coins. When they realize that the coin price don't skyrocket overnight and there aren't petahashes pointed at the blockchain, they put the coin in the shitlist and move forward to the next MessiahCoin which will make them wealthy, save the whales and cure the cancer. I'm not sure if I got that all right, but the standard is something on those lines.

I'm sending 40-50MH/s to the new pool.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLO] Florin | 0.10 Upgrade | The original tx msg coin | Project Alexandria
by
desci
on 19/10/2016, 18:00:08 UTC
Alexandria uses IPFS in a way similar like it is intended for Filecoin - a project from the IPFS people.

Everyone fed up with regular commercial services based on censorship, and blocking-oriented like youtube, netflix, soundcloud, flickr, scribd and similar shit, is interested in this project.

Since regular people consume whatever out-of-the-ass "truth" they throw on internet news, social media and the daily outdoors, whichever they may be, then obviously this project either will stay low profile or will be merciless attacked until the bottom sink. This reality doesn't change the importance of what is being done here.

I research blockchain use for politics and this project as a whole is being studied and watched by some people from pirate parties and other political groups. Here's a sample of real world public documentation if you're skeptical: Brazilian Pirate Party Github Issue.

This project is unquestionably helping the development of de facto decentralized storage and access of information. Blockchain + IPFS is the obvious path towards this goal.

I could provide more links to support these arguments, but people don't want to be exposed and also they don't give a shit for opinions on forums, and don't feel like they have to prove something. It is just me that feel like clarifying things whenever there's time available.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][QTL] Quatloo, A DarkWaveGravity Scrypt Coin Mandatory UPDATE to v1.2.1
by
desci
on 05/08/2016, 16:44:21 UTC
The fucking source code is available, either help to develop or just wait for developers' work instead of promoting conspiracies.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][QTL] Quatloo, A DarkWaveGravity Scrypt Coin Mandatory UPDATE to v1.2.1
by
desci
on 17/07/2016, 18:06:24 UTC
Sending hashes to the blockchain.

Happy transactions.
Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN][EXCHANGE] safecex.com - yet another anonymous cryptocoin exchange
by
desci
on 08/07/2016, 15:46:40 UTC
I have funds of my own stuck in the wallets too, and I am somewhat bored and trying to figure out what has happened, and in some way willing to have the funds back into my control, altough I personally think that whenever I trust someone else my coins, I am assuming the risk of them falling out of my control, I would rarely try to enforce someone else's law.

It is just my personal opinion that trying to figure out what the hell happened to the persons involved, as I car more about this than I care about money.

I don't mean to upset or try to minimize the importance others give to their funds. The two persons who were moderators of the safecex chatbox, me and the one with the forum in crypto city, never had direct access to any wallets of the site's source code or hosting, that left exclusively to yaamp and therefore being his/her/theirs sole responsibility.

Also therefore my concerns about yaamp's whereabouts, because to find him/her/them is to retrieve access to whatever we would want to have access regarding safecex.
Post
Topic
Board Service Discussion
Re: Is eobot a scam?
by
desci
on 01/07/2016, 16:12:12 UTC
From https://www.eobot.com/terms :

Cloud mining should be considered as no more than a fun, recreational activity and not a source of income or investment. Investing involves risk, including possible loss of principal.

It's not a scam because they're telling you the site's purpose is to get you entertained with the javascript and seeing the numbers moving, while you get affected with the ads.

I've tested and they indeed pay everything allright. So far the daily DOGE and the faucet haven't ROI the hours I've spent pointing my miners there. I've done my math and this is really non profitable.

It's not a scam. It is just that this is a service you pay for to be entertained, there's nothing to do with you being paid for something.

As if this is a cloud mining service, well, there's no evidence that they have real miners.

I've stress tested the website and sometimes the numbers are running a javascript function that make some mistakes, in a way that probably there's no actual mining going on, it's really just numbers on the website.

If you want to be entertained, just download movies on the pirate bay, it's cheaper.
Post
Topic
Board Service Discussion
Re: HashOcean.com Scam or legit plz
by
desci
on 30/06/2016, 23:45:30 UTC
Is this guy who posted the 39 Bitcoin return a scammer?

Yes, it is a scam.

I could make a facebook page and a fake screenshot on GIMP here if you want to be sure that he is scamming.

If you want to send coins to be put in a good use, send them for me, not for the scammers  Grin
Post
Topic
Board Service Discussion
Re: HashOcean.com Scam or legit plz
by
desci
on 30/06/2016, 23:43:50 UTC
Its real guys !

You give crime a bad name.
Post
Topic
Board Service Discussion
Re: HashOcean.com Scam or legit plz
by
desci
on 30/06/2016, 17:33:33 UTC
I just got my refund in 3 hours from Hashocean guys.  Cheesy Grin All informations about refund are there : https://www.facebook.com/F*CK_YOU/ Share with your referrals !

This has been reported to moderation.

1. That post says: "We only have on our database email, password and the total KHS purchase from users. We don't have the users bitcoin address to payments."

That isn't even possible. Hash ocean do have the address of customers who did not selected the "accumulate profits" option, and never even had the address of those who did.

Also, it doesn't make any sense to have the users passwords stored without encryption, unless you are the worst scammer of the decade.

2. That post also says: "To prevent we sent the refund to scams requests, we created this option of fee, so no other can be claim the original member. Only the real owner will know the email and password used on Hashocean, and will pay the fee to recover the funds."

That is just not true. The real owner would never pay fee to recover any funds, only a real idiot would do such a thing.

3. You are using an microsoft outlook e-mail.

I can't think of something more lame than that.


4. People are actually sending coins to this shit.

Looking at https://blockchain.info/address/1Mru1dvznD4Xvxvc9fX63S6494ssDZNdUM

People are actually sending transactions with a comment saying "Hashocean refund". These folks are the actual stupid, everyone else was scammed in good faith. And I'm not saying they were not warned.