Topic: [ANN] AIRcoin - page 108. (Read 137283 times)

Only getting one connection... (Thought we need 3 minimum to mine)

Block: #4567
Diff: (16.4K) 0.250244140625
Reward: 3.72

Also find it odd that each mined coin goes to a random wallet address... if this goes beyond the initial 100... is that going to make recovery impossible? We can't re-create the address beyond the first 100 in the wallet. Those are pure random. If the wallet can't "read those", it can not "recreate them", because they were random.

Might want to move all mined coins ASAP, every few days... One corrupted wallet will destroy any chance of recovering that address as yours. Unless you get lucky and randomly generate the same address again, and check the balance of coins deposited to that address. (Which would reveal the lost coins.)

This has been talked about before. (Addresses beyond the initial 100 generated addresses.) Have they changed the code to make it non-random, or programmatic pseudo-random, from a "known base-value" for recreation?

{
"blocks" : 4564,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.25000000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 8274530,
"pooledtx" : 0,
"testnet" : false
}


Diff is still acceptable for solo.

"24 Hour Difficulty Retarget Time"

Ouch... So much for hopper protection there...

Might want a 24-hour retarget-goal, but a per-block retarget time. Seems to kick pool-hoppers off before they cause all sorts of reward damage. (They mine too many too fast, causing diff of next target to be too high for others to mine for actual reward, which makes them leave with the hoppers. Sticking a few miners to keep mining with less reward, which causes the next target to be way under, dropping diff, which brings the hoppers back for more. Creates saw-tooth effect in difficulty that amplifies as time progresses, until the coin has a higher steady miner-base that is larger than hoppers from pool-switchers. Unless it is per-block diff adjustments. Then they leave after two or three or twenty blocks. One block later, balance is restored.)

You could also under-estimate diff adjustments. That reduces hopper damage. Since the diff would be too high for them to mine still, but not quite "perfect calculated adjustment"... when they go, the ones left behind are mining less difficult, which would still be greater than what was actually needed after the hoppers left...

EG, if 30K is needed... only adjust 20K up... if it still needs it, it will adjust up again. But chances are, if the diff was 10K before hoppers came... then 30K after, that is 20K over, as opposed to going up to only 20K, which is only 10K over. Thus less loss to the steady miners. If it was wrong, it would have gone 10K, 20K(30K est), 25K(35K est), 28K(31K est), 30K(30.5K est)

Sounds good. But will see how's it going. Thanks for details.

Yes, I mined while others mined %shitcoin% (sorry can't tell name, avoid trolling).

Found it... eventually... (Edited my post above)

Too much words, words, words, words, words, (something important), words words words words (something important) words words words words...

Save the "what we are about" for the "what we are about" page... Or have it follow the important stuff... (The links clearly marked as what they are, not just a hyperlink sentence.)

EG...


Bad use of a link...
This is a link to something you might need
^^^ Not an obvious link. Looks like just colored text.

That is correct. I would guess that Shadow_Runner probably profited the most (he was the dominant miner in the first group of 720 blocks I believe) from the first stage. The block reward will only drop significantly if the exchange rate rises by the same inflation % that the higher block reward would cause.

Network hashrates did not increase significantly over the night, so the inflation rate (projected) for the first 24 hours has dropped from 0.96% to 0.74%. Normally, there is supposed to only be 0.1% inflation, that trends down to 0 if the exchange rate is stable. If the exchange increases faster than our goal of 5% per week, then block reward will increase as well. However, that doesn't reduce the value of the coins currently being held or that have been mined before, because we ensure that 5% is always higher than the increase in block reward so the exchange rate doesn't go down.

This is what we mean by "effective" inflation.

This means that, right now if the development team does nothing your coins will drop in value by about 0.74%. (note: not 74%, 0.74%) So if 1 AIR = 1 BTC before, now 1AIR=0.926BTC now.

However, our development team doesn't plan on doing nothing, and it means we just have to gain 5.75% instead of 5% one week to offset the balance until we release the new wallet that adjusts the block reward dynamically on the exchange rate.

If that so, than good. I'm not clearly understood it.

Great... solo-mining! Um... Where is the wallet?

I see the connection information, not seeing the actual wallet required to actually connect to.

Sorry, found it inside the TLDR content... mumbo-jumbo...

First rule of marketing... KISS (Keep it simple Simon)

1: What am I about to read about...
2: Where is the source (main website)...
3: Where is the wallet/Pools (Link and version #)
4: How do I connect to the wallet (If mining, the usual specifics)
5: Where are the exchanges
6: Further support or assistance (Beyond this forum)
7: Useless mining details that are only read once (rewards/premine)
8: Bonus stuff... supporting sources... credits...

Well according to the OP, "... those who mined in the first 30 minutes recieved 48x more proportional coins than normal, those who mined in the first two hours have received between 4-20x more coins depending on what difficulty level they jumped in at."

I wouldn't call getting more coins than forecast stupid. Be happy that you mined more coins than otherwise.

Try this node from the OP.

addnode=107.170.20.200

Wallet sync'd and solo mining with that one.

addnode=46.249.59.220:54255

still cant get the wallet to sync with that node...

Not an issue you're solo mining.

I'm getting a message that states :no suitable long-poll found for http://127.0.0.01:1630. Is this an issue?

Well, let the OP confirms that. Coz I'm not clearly understand. Maybe coz my eng is bad.

If I understand this correctly, which I might not, the block reward will only go up if the price goes up and there is substantial interest in the coin - so you should be better off having mined early.

Happy to be corrected by the OP if this is wrong.

Well I mined few hours ~1500 AIR and feel stupid right now, if block reward will be changed to x10 or more later.

Hashrate broke 10,000,000 as of a few minutes ago. I've been watching it closely.

As of right now, it looks like the additional inflation incurred through early "quick mining" at the low difficulty has resulted in about a 0.95% higher overall inflation rate for the short term (2678.4 vs est. 24000 coins) by the end of tomorrow, short term defined as how long it takes for everyone who will mine in this 24 hour period to sell their coins, which may be months or could be days depending on how you guys decide to hold or not). This means that to offset that, we will need to trade (or increase demand through publicity) .95% higher than our expected 5% higher per week to offset this, or else the total value of coins you guys just mined will go down. That number is certainly low enough for our traders to manage.

In other words, those who mined in the first 30 minutes recieved 48x more proportional coins than normal, those who mined in the first two hours have received between 4-20x more coins depending on what difficulty level they jumped in at. By the end of the day, it should stabilize.

0.95% inflation on day 1 is definitely acceptable, knowing that it will be reduced significantly from here on out after the initial low-difficulty mining is done. I have a feeling that we will more than be able to make up the difference through just a little better trading.

We have forums that will go public tomorrow, stay tuned for more information.

Thanks for the launch.


Welcome to AIRcoin.


-Alexander

{
"blocks" : 3036,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.01562500,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 7152030,
"pooledtx" : 0,
"testnet" : false
}

Hashrate has gone up a little....