Topic: [~1000 GH/sec] BTC Guild - 0% Fee Pool, LP, SSL, Full Precision, and More - page 17. (Read 379078 times)
August 16, 2011, 01:47:59 AM
Or ... you could never have a wallet and just transfer the coins to an exchange and then exchange them for BTC and move them to your normal wallet
August 16, 2011, 12:20:58 AM
Where does one get the client for I0Coin?
If there is not one, what would be the point in pool mining them if there is no way to xfer them to an exchange?
I'm not trying to be a smart ass, I just haven't found where to download the I0coin client yet.
EDIT: NVM
I found it in off topic. Will be released tomorrow.
If there is not one, what would be the point in pool mining them if there is no way to xfer them to an exchange?
I'm not trying to be a smart ass, I just haven't found where to download the I0coin client yet.
EDIT: NVM
I found it in off topic. Will be released tomorrow.
August 15, 2011, 11:20:23 PM
The thing that's odd is the timing. Bitcoins are now going up in value and difficulty just dropped. I would've expected all these new forks to have popped up much much earlier, like right after the first mtgox crash or the recent crash to the mid single digits.
well that is not really fair to say. just look at how much thought and work went into these forks. changing several lines
of code is not as easy as it seems. it is like art, a fine wine that gets better with age, or they finally ran out of crack due to
their huge btc profits dwindling to nothing and this required a new plan to get high.
either way a bright future is ahead of these forks. i have no doubt i will be spending at least 27 different digital currencies
in 2015.
August 15, 2011, 10:54:15 PM
The thing that's odd is the timing. Bitcoins are now going up in value and difficulty just dropped. I would've expected all these new forks to have popped up much much earlier, like right after the first mtgox crash or the recent crash to the mid single digits.
August 15, 2011, 10:48:55 PM
While I think that i0coin will end up being just as silly as ixcoin, having a pool set up will be huge. I was watching the network when ixcoin launched, and the lack of long polling was brutal for solo miners.
August 15, 2011, 10:44:07 PM
Honestly, I would've done the same if I had forked out my own cash to build the infrastructure you created. I tip my hat to you my capitalist pig sir 
. It's my nature to rib people every chance I get to test their limits. Let's me know where I stand.
. It's my nature to rib people every chance I get to test their limits. Let's me know where I stand. 
August 15, 2011, 10:38:18 PM
The fuck are i0coins? Another attempt to recreate the early adopter benefit of bitcoins? What's wrong? Donations not enough for you?, hahaha.
Well over 150 GH/s was transferred to ixcoins earlier this week. Based on the chat room, I'm expecting up to twice as much speed on i0coins for a few days. I'm a capitalist, I will go where the money is
. A few hours of work while I'm sick [bored out of my mind in other words] is worth the chance to make some extra coins! At least this time instead of losing a ton of pool hash rate to ixcoin, I'll be keeping some of it under my control in the other coin chain! August 15, 2011, 10:25:37 PM
The fuck are i0coins? Another attempt to recreate the early adopter benefit of bitcoins? What's wrong? Donations not enough for you?, hahaha.
August 15, 2011, 10:02:53 PM
you created a pool for what is essentially was/is a joke started in a forum thread?
well at least it is fewer people mining bitcoin! difficulty went down, lets see it go down again
in a couple of weeks,
well at least it is fewer people mining bitcoin! difficulty went down, lets see it go down again
in a couple of weeks,
Actually, I started an i0coin pool just so I could have an excuse to fork BTC Guild into a stand-alone frontend/backend server setup for whatever new chains arise. A few hours of work while I was sick today is all it took. I could also start up an IXC and NMC pool in under 30 minutes (just a couple find & replace queries). Although I'm out of dedicated IPs right now, so that'll have to wait til I ship out my VPS servers to their colo centers.
August 15, 2011, 09:26:43 PM
you created a pool for what is essentially was/is a joke started in a forum thread?
well at least it is fewer people mining bitcoin! difficulty went down, lets see it go down again
in a couple of weeks,
well at least it is fewer people mining bitcoin! difficulty went down, lets see it go down again
in a couple of weeks,
August 15, 2011, 08:10:17 PM
I tried googling to see what i0coin is and am coming up empty handed... is it a mod for bitciond, something involving namecoins, or a new blockchain coin ?
edit: I found ixcoin, a bitcoin-competitor, is i0coin different ?
edit2: Does "Test Mode" mean we don't get to keep anything we mine until it goes live ?
edit: I found ixcoin, a bitcoin-competitor, is i0coin different ?
edit2: Does "Test Mode" mean we don't get to keep anything we mine until it goes live ?
Correct, right now I0 Guild has the unofficial i0coin release (different genesis block/rules) running. It's only operating to allow people to test their miners. If you leave a miner running against I0 Guild, it will automatically start mining the "real" coins as soon as the switch happens at 12 PM (PST) tomorrow.
August 15, 2011, 06:01:06 PM
I tried googling to see what i0coin is and am coming up empty handed... is it a mod for bitciond, something involving namecoins, or a new blockchain coin ?
edit: I found ixcoin, a bitcoin-competitor, is i0coin different ?
edit2: Does "Test Mode" mean we don't get to keep anything we mine until it goes live ?
edit: I found ixcoin, a bitcoin-competitor, is i0coin different ?
edit2: Does "Test Mode" mean we don't get to keep anything we mine until it goes live ?
August 15, 2011, 05:02:33 PM
For those interested, BTC Guild has prepared a fork of the frontend and backend for i0coin. You can sign up and prepare to mine at: i0.btcguild.com
Proportional, ~2.08% fee (1 coin if it goes 48 coins/5 minute block, 2 coins if it goes 96 coins/10 minute block). Full BTC Guild interface and round statistics.
You can setup now and make sure your miners work. I'll be swapping i0coind for the official release version as soon as it becomes available.
Proportional, ~2.08% fee (1 coin if it goes 48 coins/5 minute block, 2 coins if it goes 96 coins/10 minute block). Full BTC Guild interface and round statistics.
You can setup now and make sure your miners work. I'll be swapping i0coind for the official release version as soon as it becomes available.
August 15, 2011, 03:41:02 PM
Our block numbers aren't pulled from the client, but rather we wait and pull them from Block Explorer, so we know for certain that the number shown on the website is the one that it represents in the chain.
August 15, 2011, 01:41:49 PM
Very interesting. Thanks for the explanations everyone.
August 15, 2011, 01:30:38 PM
If two blocks are found at nearly the same time, and both of them end up on the network, each will be correct on a fraction of the network. That means that part of the network will be working on the next block following one of them, and the rest of the network will be working on extending the other. If there is a clear winner when the next block is found by one side, the race is over in favor. Or, if the next round is another tie, the network remains split and goes on to the next round.
Because finding blocks is somewhat random, if the initial split isn't perfectly even, one side or the other will have a considerable advantage, and that advantage will grow quickly. I don't think that any splits caused by honest block races have gone past a third round.
Because finding blocks is somewhat random, if the initial split isn't perfectly even, one side or the other will have a considerable advantage, and that advantage will grow quickly. I don't think that any splits caused by honest block races have gone past a third round.
August 15, 2011, 01:22:51 PM
The simplecoin frontend is known for getting block numbers wrong. Ask BurningToad from ArsBitcoin, he uses that frontend (probably heavily modified) as well and tried to fix these problems. Sometimes the simplecoin frontend also misses a found block when two blocks are found within a certain time frame.
August 15, 2011, 01:07:56 PM
Is there any way to know for certain if a block will become invalid before it gets confirmed? Does the pool keep internal time down to the millisecond? Maybe that would settle it. I ask because block 141008 was found by both us and simplecoin:
Reporting blocks by numbers is a bit wrong because you can't be sure what number it will take.Correct way is to report blocks by it's hashes. It's unique and will allways be correct, so you'll see if it's valid or not.
August 15, 2011, 01:06:02 PM
Is there any way to know for certain if a block will become invalid before it gets confirmed? Does the pool keep internal time down to the millisecond? Maybe that would settle it. I ask because block 141008 was found by both us and simplecoin:
I'm still new to this stuff, but let me take a stab at this.
the bitcoin client, or bitcoind will declare which block is valid. Since the bitcoin software is open source, I suppose it is possible to go into the source code, figure out which block would be valid. ( I believe it is strictly timestamp, not sure here) and do the same thing that the bitcoin client would do.
::hoping a bitcoin guru will chime in here.
August 15, 2011, 12:56:28 PM
Is there any way to know for certain if a block will become invalid before it gets confirmed? Does the pool keep internal time down to the millisecond? Maybe that would settle it. I ask because block 141008 was found by both us and simplecoin:
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