Topic: [ANN] 0pticoin (0TC) - Release Date: May 15, 2013 - Postponed ~1 month [ANN] - page 7. (Read 18824 times)

cool

First time miners:

If you want to get a head start on setting up for solo mining, just set up for any of the scrypt coins (LTC,NVC,FTC,BBQ,BTB,CHNcoin) tonight using any one of many guides.

Here are a couple to get you started:

https://bitcointalksearch.org/topic/consolidated-litecoin-mining-guide-for-5xxx-6xxx-and-7xxx-gpus-117221

https://bitcointalksearch.org/topic/tutorial-solo-mining-litecoins-guide-windows-83371

With new coins often times the blocks are being found so fast that directly connecting to the daemon to mine will result in alot of stale work.

I posted a guide on setting up a private pushpool to use long poll to avoid that issue. The guide is for FTC, but other then port numbers, which I normally just set in the daemon config. to an easy to remember number, set up is the same for all scrypt based coins.

https://bitcointalksearch.org/topic/m.1867412


Unless the ports are being changed with the final code (and even if they are, I change it to an easy number anyway), setting up either way will have you ready for tomorrow.

The high starting difficulty addresses nothing. Large gpu power can still hoard coins if they choose as they command large percentage of hash power. Low difficulty due to latency issues might give advantage to some solo miners with better connection and most importantly they can solo min at low difficulty. At high difficulty when say 1 to 3 gpu hash take more than 30 min ( re-target value) to solve block they are likely to get many many stales  - block solved in 31 min will be at lower diff than current and hence rejected.

I would start at lowest difficulty.

You cannot stop early adopters getting more coin than those who wait until it has been excepted as a ligiet coin on the exchanges and mining pools. So you really need the early adopters to make it work or to build interest from mining pools and exchanges.

ok so having them all mature at the same time might let to a pump and dump in month well 2 things with that the first is it would have to be on a exchange first for this to happen, second who say they all have to mature in 30 days just a idea, ideas evolve make the blocks of random size the smaller the block say 100 coin takes 2 weeks to mature up to 500 coins that take 6 weeks to mature. You could make it last like this for a week as people will know that they have coins coming for there time and effort.

I wonder how others would view this type of idea?

Where are popcorn gifs as with YACoin?

Hmmm, this is an interesting idea but really this is just benefiting early adopters and has no real value past the initial launch period other than to quickly fill hoarder's wallets so they can have thousands of coins to dump a month down the road.

My intention is to avoid hoarders accumulating thousands of coins in the first two days (which is why I have low block rewards and an increased starting difficulty) to help prevent market manipulation by users with ungodly amounts of coin.

Well if you want to be fair different blar blar blar
You could make the first 20,000 shares/blocks mature as a investment i don't know maybe it takes 30 days to mature but they are worth more to start with [500 block instead of 50 block hell i don't know just guessing here] , you will get people that want it to work [ yes i am one of those people but as you put it a asshole as well ]

My point wasn't that you hadn't addressed your issue, my point was that you were being an asshole while addressing your issue.

I understand what you are saying and I have already addressed your issue (maybe if you re-read my answer a couple of times you may get it!).

I'm working right now on finding a solution to make the coin as fair as possible.

If I borrow YAC's idea and alter the scrypt algo then it won't be minable by GPU until someone devs a new gpu miner for the altered algo, but the coin will still be subject to users with cpu botnets.

If I have to, I will run with this solution for release, but I am looking for a better alternative, maybe I can limit the number of shares accepted by the client during "x" amount of time proportional to the current difficulty rating so that while difficulty is low users with high hashrates will be limited on how many blocks per "x" amount of time they can find and the number of submitable shares (findable blocks per "x" amount of time) will grow proportionally with the network hashrate/difficulty.

AAARRRHHH i do believe that i have addressed it!
maybe if you re-read it a couple of times you may get it!

watching

That is why initial difficulty will be ~0.25 which at 350KH/s would be finding 1 block/hour.

I chose this difficulty in hopes it would be high enough to keep mining farms from raping it while keeping it low enough that cpu miners can still mine it.

Anyone who releases a coin at 0 difficulty at this point deserves to be kicked in the nuts.

Look, I'm trying to release a product that is fair to all who wish to use it. If you have an issue, address it, but there's no need to be an asshole about it when I'm doing these things to try and be equally fair to all involved.

If people are worried about mining farms, then I can borrow an idea from YAC which will prevent gpu mining until someone creates a gpu miner capable of mining the altered scrypt algo, but eventually gpu miners WILL be able to mine this coin, it is inevitable.

Also, how would YOU be giving ME a free ride...? I am not being paid to dev this coin nor am I the owner of some massive mining farm. The best I can do at scrypt mining is 350 KH/s with my 5870 which is laughable in comparison to the majority of miners out there, I am not benefiting in some huge way by dev'ing this coin for free and being subjected to the same mining conditions as everyone else.


I have checkpoints.cpp but not really sure what I would put in there pre-release aside from the genesis block since there is no pre-mine...


Ok, think about this:

I release the client with rewards from block 1. Large hashrate miners jump on immediately and your nvidia card sees nothing but orphans/rejects because the large hashrate miners are on raping it while it is at a lower difficulty, how are you benefiting in this situation...?


I will post detailed instructions for solo mining here when I release the client.


ROFLMAO, not exactly my intention, but I can pretend it was   

I have a coin named after me? I, I, I don't know what to say. I've sworn off alts, but how can I not mine this gem?

maybe learn mining on testnet?

Could you explain how to solo mine? I've never been able to get it running before.

I know right? Putting my poor nvidia cards up early for nothing just to watch the dif jump 10 fold in a matter of hours...for no reward.

Don't forget to start with checkpoints (could already be in the code); there's a high chance (from my experience) that a pool will end up with >51% during the opening week.

mmm lets me see no rewards... that means you want us suckers to do or the early work to get it running smoothly so the big fish and there mining farms can switch over and clean up the instant the we finish the free block mining GOOD ONE i am so excited i am waiting for the opportunity to waste all my time, effort and power. Plus the biggest bonus of all is i get to miss out on mining other PAYING coins to give you and the big fish and there mining farms a free ride!!!!!! Think about it for fuck sake!!

Yes, it does cost money to mine, but I'm pretty sure 1,000 blocks (one day) of no rewards isn't exactly going to break the bank. People mined 17,280 blocks with no reward when smallchange came out, I'm asking for MUCH less.

And you would be surprised how many people might actually NEED that time to test their miners. I always see the same thing at EVERY coin release, the coin comes out, people start mining it and a couple thousand blocks in people start asking "how do I solo mine, I have never been able to figure out solo mining for any coin" or "this is my first time mining a coin, how do I set this up". This is my main concern, I want everyone to have the same equal chance to start earning rewards at the same time (even if they need help getting set-up).


Those are just the starting changes. This coin is going to see a lot of VASTLY different changes over it's lifespan.

The main reason I am starting with basic changes is if I release it on day one and it has issues every edit/addition to the code I have made might need to be reviewed and scrutinized. It's much easier to start with something basic, release it and add features over time and address issues as they pop-up rather than making a whole bunch of experimental changes and then having to dig through all of them if there is an issue after release.