[ANN] Bitcredit/CRE - first sidechain, claimable from Bitcoin, pow/pod - page 3.

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: GreydonIselmoe on April 22, 2015, 12:40:25 PM

Quote from: ltcnim on April 22, 2015, 11:05:50 AM

diff. went from 8.07 to 22.22 Shocked

Hashrate dropped to 140 Mh/s also. Only 5 blocks seen in the last hour!

I'm a bit concerned that the block creation rate has been so high the last week or so. That the block creation rate drops is just an effect of the difficulty rising so all is good and well there.

GreydonIselmoe

sr. member

Activity: 294

Merit: 250

Credits [CRE] - Community Manager

Quote from: ltcnim on April 22, 2015, 11:05:50 AM

diff. went from 8.07 to 22.22 Shocked

Hashrate dropped to 140 Mh/s also. Only 5 blocks seen in the last hour!

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Source code will be released within a few hours. Keep an eye on this forum.

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: ltcnim on April 22, 2015, 11:05:50 AM

diff. went from 8.07 to 22.22 Shocked

Well, that would explain the high block creation speed...

This should at least slow down block creation. For the moment.

ltcnim

legendary

Activity: 914

Merit: 1001

diff. went from 8.07 to 22.22 Shocked

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: Markov on April 22, 2015, 04:21:56 AM

Quote from: Gabriel Eiger on April 22, 2015, 01:25:04 AM

10000 blocks mined, half way to first reward update

As you can see from the snapshot below we have now gone past 10000 mined blocks. The deposit requirements are rising accordingly and the first reward update to 45 CRE can now be seen on the Prepare miner deposits page, will occur at block 20000, or thereabout.

The block creation process seems to go slightly faster than planned, this can probably be accounted towards a continually rising hash rate.

http://bitcredit-currency.org/viewtopic.php?f=20&t=656&p=1193

A bit confusing as I thought the reward would be 45 credits from block 10,000.
Maybe in the next update you could make that screen a bit easier to see that the increase in reward doesn't correspond to the left hand side of the details.

Thank you for the input. I understand now that you say it that it may be a bit confusing.

The left hand side deposit requirement and reward actually corresponds to each other row by row but the values are relative to the latest block. Instead of 1000th estimated deposit, which is the relative level from the current tip, it should probably instead say the absolute block height.

Will change for the next release.

Markov

sr. member

Activity: 258

Merit: 250

Breizh Atao

Quote from: Gabriel Eiger on April 22, 2015, 01:25:04 AM

10000 blocks mined, half way to first reward update

As you can see from the snapshot below we have now gone past 10000 mined blocks. The deposit requirements are rising accordingly and the first reward update to 45 CRE can now be seen on the Prepare miner deposits page, will occur at block 20000, or thereabout.

The block creation process seems to go slightly faster than planned, this can probably be accounted towards a continually rising hash rate.

http://bitcredit-currency.org/viewtopic.php?f=20&t=656&p=1193

A bit confusing as I thought the reward would be 45 credits from block 10,000.
Maybe in the next update you could make that screen a bit easier to see that the increase in reward doesn't correspond to the left hand side of the details.

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

10000 blocks mined, half way to first reward update

As you can see from the snapshot below we have now gone past 10000 mined blocks. The deposit requirements are rising accordingly and the first reward update to 45 CRE can now be seen on the Prepare miner deposits page, will occur at block 20000, or thereabout.

The block creation process seems to go slightly faster than planned, this can probably be accounted towards a continually rising hash rate.

http://bitcredit-currency.org/viewtopic.php?f=20&t=656&p=1193

MRKLYE

legendary

Activity: 1358

Merit: 1003

Designer - Developer

Quote from: Markov on April 21, 2015, 11:59:58 PM

Quote from: GreydonIselmoe on April 21, 2015, 11:09:35 PM

Quote from: Markov on April 21, 2015, 01:07:27 PM

Quote from: GreydonIselmoe on April 21, 2015, 12:49:55 PM

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Do that and what you mined with your CPU will be worth nothing. I guess it's a race between exchange and GPU

Incorrect. The value of your coin doesn't drop, but the % chance of you finding a block with your CPU will be lower. It'll just become more viable to GPU mine than to CPU mine.

Difficulty will increase, it doesn't render the value of your coins lower...

No you will get a lot of dumpers and your price will go down little by little. Difficulty increasing I agree and a more secure blockchain as well but for sure the price will go down. It's simple logic.

Those who dump their Bitcredit off the get go will cry once its acceptance and use begins to rise. Wink

Markov

sr. member

Activity: 258

Merit: 250

Breizh Atao

Quote from: GreydonIselmoe on April 21, 2015, 11:09:35 PM

Quote from: Markov on April 21, 2015, 01:07:27 PM

Quote from: GreydonIselmoe on April 21, 2015, 12:49:55 PM

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Do that and what you mined with your CPU will be worth nothing. I guess it's a race between exchange and GPU

Incorrect. The value of your coin doesn't drop, but the % chance of you finding a block with your CPU will be lower. It'll just become more viable to GPU mine than to CPU mine.

Difficulty will increase, it doesn't render the value of your coins lower...

No you will get a lot of dumpers and your price will go down little by little. Difficulty increasing I agree and a more secure blockchain as well but for sure the price will go down. It's simple logic.

GreydonIselmoe

sr. member

Activity: 294

Merit: 250

Credits [CRE] - Community Manager

Quote from: Markov on April 21, 2015, 01:07:27 PM

Quote from: GreydonIselmoe on April 21, 2015, 12:49:55 PM

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Do that and what you mined with your CPU will be worth nothing. I guess it's a race between exchange and GPU

Incorrect. The value of your coin doesn't drop, but the % chance of you finding a block with your CPU will be lower. It'll just become more viable to GPU mine than to CPU mine.

Difficulty will increase, it doesn't render the value of your coins lower...

MRKLYE

legendary

Activity: 1358

Merit: 1003

Designer - Developer

Quote from: Markov on April 21, 2015, 01:07:27 PM

Do that and what you mined with your CPU will be worth nothing. I guess it's a race between exchange and GPU

Not true at all. Just basically allows for greater security of the network through increased hashrate. Tongue

Markov

sr. member

Activity: 258

Merit: 250

Breizh Atao

Quote from: GreydonIselmoe on April 21, 2015, 12:49:55 PM

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Do that and what you mined with your CPU will be worth nothing. I guess it's a race between exchange and GPU

Markov

sr. member

Activity: 258

Merit: 250

Breizh Atao

Quote from: Gabriel Eiger on April 21, 2015, 12:46:57 PM

Quote from: Markov on April 21, 2015, 12:43:03 PM

I'd rather see it on an exchange before GPU, before ROI goes down the drain.

Have you contacted any exchange yet?

Thank you for the input.

Yes, I agree, although once the source is released (probably tomorrow) it is only a matter of time before the code gets hooked into a GPU miner. That can not be controlled, but maybe shouldn't be actively encouraged by focusing core development effort in that area.

No exchanges have been contacted yet. Any suggestions on suitable ones?

I'd go for Yobit.Net, bleutrade, c-cex and poloniex

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: GreydonIselmoe on April 21, 2015, 12:51:57 PM

Quote from: Gabriel Eiger on April 21, 2015, 12:46:57 PM

Quote from: Markov on April 21, 2015, 12:43:03 PM

I'd rather see it on an exchange before GPU, before ROI goes down the drain.

Have you contacted any exchange yet?

Thank you for the input.

Yes, I agree, although once the source is released (probably tomorrow) it is only a matter of time before the code gets hooked into a GPU miner. That can not be controlled, but maybe shouldn't be actively encouraged by focusing core development effort in that area.

No exchanges have been contacted yet. Any suggestions on suitable ones?

I would petition C-CEX, Cryptsy, and Bleutrade. However almost any exchange accepting CRE, is a success.

Great, thank you. They will be contacted in the near future. Nothing preventing anybody from contacting exchanges themselves, I guess.

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: GreydonIselmoe on April 21, 2015, 12:49:55 PM

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Thank you, well thought through priority order. Taking notes.

GreydonIselmoe

sr. member

Activity: 294

Merit: 250

Credits [CRE] - Community Manager

Quote from: Gabriel Eiger on April 21, 2015, 12:46:57 PM

Quote from: Markov on April 21, 2015, 12:43:03 PM

I'd rather see it on an exchange before GPU, before ROI goes down the drain.

Have you contacted any exchange yet?

Thank you for the input.

Yes, I agree, although once the source is released (probably tomorrow) it is only a matter of time before the code gets hooked into a GPU miner. That can not be controlled, but maybe shouldn't be actively encouraged by focusing core development effort in that area.

No exchanges have been contacted yet. Any suggestions on suitable ones?

I would petition C-CEX, Cryptsy, and Bleutrade. However almost any exchange accepting CRE, is a success.

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: ltcnim on April 21, 2015, 12:44:22 PM

Well, since this is SHA256, you can skip the GPU and directly go to ASIC Tongue

I am not aware of how the exact implementation of Bitcoin ASICs has been done, but I imagine that they've just moved the final step, the SHA256 double hashing onto the circuits, with the rest of the code running from a standard C++ program. In that case you are right, then it's just a matter of adapting the Bitcredit source to hook into the ASIC hasher.

As a side note, this is one of the reasons that Bitcredit runs with a deposit system. Not to prevent the rise of ASICs, but to disarm them as a complete competitive advantage.

GreydonIselmoe

sr. member

Activity: 294

Merit: 250

Credits [CRE] - Community Manager

The top 5 priorities if I had any say, would be:

1. Blockchain explorer (Just adds a more "official" feel to the coin, and some verification)

2. Bitcoin client capabilities. (This is a big one, the ability to send bitcoins from the bitcredit core, basically merging the two, would be incredible for the market)

3. Lightweight client (Kind of following from #2, if you were able to share block directory files then they would both come hand-in-hand)

4. GPU miner (Self explanatory, the more ability we give users to mine, the more mining will occur and more users it will attract. This could be added after an exchange has accepted us, however)

5. Exchanges (Once the above 4 features are implemented, I think it would have proved to everyone how promising this coin is, and dedicated the developer is. An exchange would have a hard time saying no!)

But that's just my 2 cents Wink

Gabriel Eiger

sr. member

Activity: 280

Merit: 250

Lead developer of Credits [CRE]

Quote from: Markov on April 21, 2015, 12:43:03 PM

I'd rather see it on an exchange before GPU, before ROI goes down the drain.

Have you contacted any exchange yet?

Thank you for the input.

Yes, I agree, although once the source is released (probably tomorrow) it is only a matter of time before the code gets hooked into a GPU miner. That can not be controlled, but maybe shouldn't be actively encouraged by focusing core development effort in that area.

No exchanges have been contacted yet. Any suggestions on suitable ones?

Topic: [ANN] Bitcredit/CRE - first sidechain, claimable from Bitcoin, pow/pod - page 3. (Read 12967 times)