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Topic: [ANN] Credits(CRDS): CPU-only mining | Argon2d PoW - Masternodes - page 13. (Read 482468 times)

newbie
Activity: 59
Merit: 0
@EmoHP

You know what? Some people doesn't care about the price, daily volume or marketcap of cryptocurrencies, they only care about the tech behind those coins. Plus it's not like more expensive coin is better just because of the value.

You may be in it for the money, JuanPabloCuervo may be for other reasons... Anyway I like his posts whatever the conclusion is.

Cheers!
Agree - it's true everybody is free!

But:
1. Free to lose
2. Free to win

Yes, I use "digital money" for the MONEY. I don't care for money in my life, but when we talk about (crypto) MONEY, yes, for sure I'm for the MONEY Wink

Value is changing. Some said low value is better?!? WTF?!?
1. Value is not constant
2. Reward/Amounts are constant.

1/2 makes a ration. Let's call it REAL VALUE. With Value going down, REAL VALUE of a coin is going down. Every kid knows Bitcoin is too expensive and taxes are too high. The technology is impractical... big problems! And all kids know that the most valuable coin is Bitcoin. Why... Now you know. Yes. REAL VALUE.

Don't get me wrong. All shit coins are going down. They're just new tries of people being late getting in cypto-world. So am I... So I like shit-coins, but they don't have real value or usage. 99% of them will die in 2-3 years. About top 10 leaders - I'm not sure. For sure tokens will die as people will realize they're digital copy of FIAT. Centralized coins will slowly loose trust. So from TOP 10 I can say only 1-2 will make it long term. Bitcoin, Litecoin (maybe), Monero and so...

It's impossible all people to became rich at the same time. These shit-coins are highly risky. And highly profitable. So profit will be let's say 1:10. Some people will make 10x from their invested money. But they'll be 10% of all people in. Including some services as mining, MN and so... maybe we go from 10% to 5%. Isn't that a SHIT-coin?

To be honest I made some profit (1.5x) from CRDS. But I made hard and smart moves. And I was lucky I followed the news and the info behind them.

My long term HODL is in Bitcoin.

The whole idea of MN is bad. As bad as TOKEN idea is. Token to FIAT is as MN is to Banks. Thinking about MN I remember a song - "Money for nothing". In shit-coins this is impossible idea. As in reality a shit-HODLer must take a decision of holding MN coins and get some % profit, or to sell these coins in time (of mine for example). In reality this is not a perpetuum mobile and we see a normal negative trend of shit-coins. It's slowing down its falling as miners deny to mine bellow mining cost while MN owners sell their "free money". They're actually not free money as their initial coins ROI can hardly be achieved by time needed to reach 200% in parallel with the negative trend. I can compare it as "virtual ASIC" where people invest some currency (some real money at that moment) to make profit (similar to buy an ASIC). But the value of the "virtual ASIC" (I mean MN's coins) is not know in the future and most like it will fall over time. So when they're at 200% from the initial coins it's very likely the price to be 50% or below. So where is the profit in this natural balance?
newbie
Activity: 84
Merit: 0
Credits coin pool http://smithpool.ddns.net   

miner conf  (-a argon2 -o stratum+tcp://smithpool.ddns.net:4234 -u yourwalletaddress -p c=CRDS )

Credits coin block explorer  http://smithpool.ddns.net/explorer/CRDS

low fee ... good job
full member
Activity: 246
Merit: 102
Changelly does not have ETC...

Only ShapeShifter has ETC.!
full member
Activity: 246
Merit: 102
This some news maybe you are interested:
Antminer E3 from Bitmain for Ethereum [ETH] mining – Another hardfork required to restore resistance?
https://ambcrypto.com/antminer-e3-from-bitmain-for-ethereum-eth-mining-another-hardfork-required-to-restore-resistance/
Have fun

interesting... 180 MH/s Ethash = 4.5x Watercooled Radeon Vega64 with 800w.

E3 miner will be awesome for Ethereum Classic ETC.,This could be the Re-birth of Eth Classic,
Ethereum Classic is back from the Ashes.!
https://ethereumclassic.github.io
https://en.wikipedia.org/wiki/Ethereum_Classic

and the End of Ethereum 2016 Fork.,

Mutable Ethereum "2016" will Fork again in 2018 to a new algorithm, or the Metropolis Update will be implemented sooner, removing the PoW algorithm to PoS,
killing ETH once and for all. LOL.

if ETClassic is really inmutable, people that love ASIC will abandon the ETH sinking ship. LOL.

make your bets, i bet ETC price will increase a lot in 2018. LOL. Jajajajaja

hero member
Activity: 980
Merit: 502
This some news maybe you are interested:
Antminer E3 from Bitmain for Ethereum [ETH] mining – Another hardfork required to restore resistance?
https://ambcrypto.com/antminer-e3-from-bitmain-for-ethereum-eth-mining-another-hardfork-required-to-restore-resistance/
Have fun
full member
Activity: 246
Merit: 102
You sound like genius. At other points you sound as retarded. You're so confused, so I think you cannot process all the information you get "for free". You're saying something genius, but then you're making retarded conclusions.
Bitcoin is Bitcoin. It's the digital gold. Maybe it's not in your own fantasy, but it was and it's going to be NUMBER 1 next 5-6 years.
On other hand shit-coins are shit coins. I don't know how you can compare top 5 with CRDS which has daily turnover of about 500$ ? Cheesy Do you understand the difference? Bitcoin volume for a day is what CRDS will never make it in your live (no matter if you're going to live 120 years). Pity you just don't get it, I thought you are a new NEO.

this retard "me" was into Bitcoin since 0.3 LOL. Jajajajaja
Not 0.13, 0.3 LOL Jajajajaja
sud
sr. member
Activity: 826
Merit: 301
@EmoHP

You know what? Some people doesn't care about the price, daily volume or marketcap of cryptocurrencies, they only care about the tech behind those coins. Plus it's not like more expensive coin is better just because of the value.

You may be in it for the money, JuanPabloCuervo may be for other reasons... Anyway I like his posts whatever the conclusion is.

Cheers!
newbie
Activity: 59
Merit: 0
Lots of links to articles and load of information, most of them related to bitcoin. So I think that you posted in wrong place. You should post them in Bitcoin discussion board.

i could post in NYXCOIN
Quote
Specification
SYMBOL: NYX
ALGORITHM: NEOSCRYPT
TYPE: POW + MASTERNODE
MAX COIN SUPPLY: 30.350.000 NYX
BLOCK GENERATION: 120 SECONDS
DECENTRALIZED MASTERNODE NETWORK
MASTERNODE COLLATERAL: 1000 NYX

BLOCK REWARD
Blocks   Reward   Reward Distribution
Miner   Masternode
1 - 64800   10 NYX   20%   80%
64801 - 129600   15 NYX   30%   70%
129601 - 262800   20 NYX   40%   60%
262801 - 525600   10 NYX   40%   60%
after 525601   -10% / year*   40%   60%
*) Starting with block 525601 the reward will decrease by 10% every year

PREMINE ~3%
RPC PORT: 4331 | P2P PORT: 4330


but i´m Not impressed. LOL.

¿why MAX COIN SUPPLY: 30.350.000 NYX?
¿why BLOCK GENERATION: 2 minutes ?
¿why 3% pre-mined ?
¿why Reward 1O NYX ?
¿why NEOSCRYPT ?
¿why Starting with block 525601 the reward will decrease by 10% every year ?

just another follow coin.
http://cryptomining24.net/coins-on-neoscrypt/
https://bitcointalksearch.org/topic/list-of-neoscrypt-powered-coins-901149

At Least Argon2 has a Wiki page. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Argon2

"NeoScrypt is 25% more memory intense."
https://en.wikipedia.org/wiki/Feathercoin

https://en.wikipedia.org/wiki/Scrypt
https://bitcointalksearch.org/topic/nsgminer-v094-the-fastest-neoscrypt-gpu-miner-712650
Quote
NeoScrypt is the next generation proof-of-work algorithm designed to replace Scrypt. It consumes less memory than the latter yet is more memory intensive and stronger cryptographically. Combines power of Salsa20/20, ChaCha20/20, BLAKE2s and FastKDF into a secure ASIC resistant solution. It isn't some kind of Scrypt-Jane or Scrypt-N or whatever.
...

im more impressed with Monero CryptoNight, than NeoScrypt.
https://en.bitcoin.it/wiki/CryptoNight

https://en.wikipedia.org/wiki/List_of_cryptocurrencies

Bitcoin is the Ford Model-T of this era, sooner or later will be replaced with McLaren. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Ford_Model_T

other coins i´m Not impressed, Ripple, Dash, Bitcoin Gold, Ethereum,
why?
Ripple kidnaps $20usd. to create an address.
Ethereum and similar, do not have Instant Notification... someone sends, but you have to wait to see if transaction really happened, i think this is absurd.
Any other coin Not Mineable, & Not Backed-up by Real Stuff like: OIL, GOLD, SILVER = Scam.
Any Artificially inflated coin, " 1-year old, has lots of Blocks, and the price high, Sky Rocket"...
Coins inflated by Adds/Publicity: Bunny Token. "could attract some perverts." LOL.

Interesting:
SiaCoin... Nice but File Sharing is Dangerous, ask Kim Dot Com. LOL https://en.wikipedia.org/wiki/Kim_Dotcom
Monero, but has some flaws.
CRDS is like the story of the Rabbit & the Turtle. LOL. https://en.wikipedia.org/wiki/The_Tortoise_and_the_Hare
A coin that can be used for Audio Processing...

i liked Dogecoin better than Litecoin, MultiDoge Java Light Wallet was nice... but Doge was killed 3 times, when ASIC Scrypt miners were born, when Mining Litecoin and Dogecoin could be done at the same time, with the same hash, and when Ethereum Doge Token Bridge was created.


You sound like genius. At other points you sound as retarded. You're so confused, so I think you cannot process all the information you get "for free". You're saying something genius, but then you're making retarded conclusions.
Bitcoin is Bitcoin. It's the digital gold. Maybe it's not in your own fantasy, but it was and it's going to be NUMBER 1 next 5-6 years.
On other hand shit-coins are shit coins. I don't know how you can compare top 5 with CRDS which has daily turnover of about 500$ ? Cheesy Do you understand the difference? Bitcoin volume for a day is what CRDS will never make it in your live (no matter if you're going to live 120 years). Pity you just don't get it, I thought you are a new NEO.
full member
Activity: 246
Merit: 102
Lots of links to articles and load of information, most of them related to bitcoin. So I think that you posted in wrong place. You should post them in Bitcoin discussion board.

i could post in NYXCOIN
Quote
Specification
SYMBOL: NYX
ALGORITHM: NEOSCRYPT
TYPE: POW + MASTERNODE
MAX COIN SUPPLY: 30.350.000 NYX
BLOCK GENERATION: 120 SECONDS
DECENTRALIZED MASTERNODE NETWORK
MASTERNODE COLLATERAL: 1000 NYX

BLOCK REWARD
Blocks   Reward   Reward Distribution
Miner   Masternode
1 - 64800   10 NYX   20%   80%
64801 - 129600   15 NYX   30%   70%
129601 - 262800   20 NYX   40%   60%
262801 - 525600   10 NYX   40%   60%
after 525601   -10% / year*   40%   60%
*) Starting with block 525601 the reward will decrease by 10% every year

PREMINE ~3%
RPC PORT: 4331 | P2P PORT: 4330


but i´m Not impressed. LOL.

¿why MAX COIN SUPPLY: 30.350.000 NYX?
¿why BLOCK GENERATION: 2 minutes ?
¿why 3% pre-mined ?
¿why Reward 1O NYX ?
¿why NEOSCRYPT ?
¿why Starting with block 525601 the reward will decrease by 10% every year ?

just another follow coin.
http://cryptomining24.net/coins-on-neoscrypt/
https://bitcointalksearch.org/topic/list-of-neoscrypt-powered-coins-901149

At Least Argon2 has a Wiki page. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Argon2

"NeoScrypt is 25% more memory intense."
https://en.wikipedia.org/wiki/Feathercoin

https://en.wikipedia.org/wiki/Scrypt
https://bitcointalksearch.org/topic/nsgminer-v094-the-fastest-neoscrypt-gpu-miner-712650
Quote
NeoScrypt is the next generation proof-of-work algorithm designed to replace Scrypt. It consumes less memory than the latter yet is more memory intensive and stronger cryptographically. Combines power of Salsa20/20, ChaCha20/20, BLAKE2s and FastKDF into a secure ASIC resistant solution. It isn't some kind of Scrypt-Jane or Scrypt-N or whatever.
...

im more impressed with Monero CryptoNight, than NeoScrypt.
https://en.bitcoin.it/wiki/CryptoNight

https://en.wikipedia.org/wiki/List_of_cryptocurrencies

Bitcoin is the Ford Model-T of this era, sooner or later will be replaced with McLaren. LOL. Jajajajaja
https://en.wikipedia.org/wiki/Ford_Model_T

other coins i´m Not impressed, Ripple, Dash, Bitcoin Gold, Ethereum,
why?
Ripple kidnaps $20usd. to create an address.
Ethereum and similar, do not have Instant Notification... someone sends, but you have to wait to see if transaction really happened, i think this is absurd.
Any other coin Not Mineable, & Not Backed-up by Real Stuff like: OIL, GOLD, SILVER = Scam.
Any Artificially inflated coin, " 1-year old, has lots of Blocks, and the price high, Sky Rocket"...
Coins inflated by Adds/Publicity: Bunny Token. "could attract some perverts." LOL.

Interesting:
SiaCoin... Nice but File Sharing is Dangerous, ask Kim Dot Com. LOL https://en.wikipedia.org/wiki/Kim_Dotcom
Monero, but has some flaws.
CRDS is like the story of the Rabbit & the Turtle. LOL. https://en.wikipedia.org/wiki/The_Tortoise_and_the_Hare
A coin that can be used for Audio Processing...

i liked Dogecoin better than Litecoin, MultiDoge Java Light Wallet was nice... but Doge was killed 3 times, when ASIC Scrypt miners were born, when Mining Litecoin and Dogecoin could be done at the same time, with the same hash, and when Ethereum Doge Token Bridge was created.

full member
Activity: 312
Merit: 102
It's funny to watch people want to fail Credits because they themselves did not believe in it initially and did not earn it! Nevertheless, Credits is growing every day and even the collapse of the market is not terrible for him!
How many masternodes you bought? On what price? Sorry for you. Really! You know we have 1/3 of the normal mining price. And almost no transactions for CRDS. So "Credits is growing every day" is a desperate lie of "big owners/HODLers" of nothing. CRDS already crashed. Now its residues will sink slowly.
I see somebody tries some tricks to manipulate the price and rise it, but dead horse cannot stand up and run. Without big and crazy investor, this project is already dead, it made its purpose and now it's old and forgotten.
I liked this coin. It was a good shitcoin. But everything good comes to an end. It was useless after all. We mined, we got our profits. But it's impossible to continue as somebody paid for that. Maybe you? Still you just don't want to realize it? It's sill not too late to get rid of it, I suspect the DEV made these huge low price purchase orders to stop that falling, more or less psychologically by the quantity and low price. In that terms he actually succeeded. As the price is below mining costs, others are HODLers. So while they see big quantity in buy orders they'll not panic to sell on loss. But the time will come anyway. Sorry again. I wish it was different for you, for me, so I can continue to mine.

Credits is indeed cheap at present, no doubt about that. The overall attractiveness of CRDS for as a PoW coin will decrease shortly at any rate, the rewards for masternode holders will increase over time. For now we are focusing our efforts on to getting the code right for the next version release. After that we can look at some marketing and then some real world use cases for Credits.
newbie
Activity: 59
Merit: 0
It's funny to watch people want to fail Credits because they themselves did not believe in it initially and did not earn it! Nevertheless, Credits is growing every day and even the collapse of the market is not terrible for him!
How many masternodes you bought? On what price? Sorry for you. Really! You know we have 1/3 of the normal mining price. And almost no transactions for CRDS. So "Credits is growing every day" is a desperate lie of "big owners/HODLers" of nothing. CRDS already crashed. Now its residues will sink slowly.
I see somebody tries some tricks to manipulate the price and rise it, but dead horse cannot stand up and run. Without big and crazy investor, this project is already dead, it made its purpose and now it's old and forgotten.
I liked this coin. It was a good shitcoin. But everything good comes to an end. It was useless after all. We mined, we got our profits. But it's impossible to continue as somebody paid for that. Maybe you? Still you just don't want to realize it? It's sill not too late to get rid of it, I suspect the DEV made these huge low price purchase orders to stop that falling, more or less psychologically by the quantity and low price. In that terms he actually succeeded. As the price is below mining costs, others are HODLers. So while they see big quantity in buy orders they'll not panic to sell on loss. But the time will come anyway. Sorry again. I wish it was different for you, for me, so I can continue to mine.
member
Activity: 173
Merit: 13
added to doufen MINING POOL

URL: http://doufen.com

Based on Yiimp (No Registration Needed)
Payout every 1 hours for balances starting from : 1 CRDS   
Fee : 1% for the next two weeks (special offer)

-Mining software

https://github.com/BeastPool/cpuminer-argon2d/releases/download/v3.8.3.3/cpuminer-argon2d-3.8.3.3-win64.zip

- wallet Download

  https://github.com/CRDS/Credits/

- Mining Command

Code:
-a argon2d-crds -o stratum+tcp://doufen.com:4235 -u  -p c=CRDS


mining is happy!

full member
Activity: 312
Merit: 102
This is for Developers...

Why GitHub does Not have [Issues] Tab ? like any other project?
the Old CRDS-Credits GitHub has....
https://github.com/Credits-CRDS/Credits

New:
https://github.com/CRDS/Credits



Thanks for pointing this out, I hadn't noticed. I've now enabled the Issues on our Github for Credits - https://github.com/CRDS/Credits
full member
Activity: 246
Merit: 102
There is a "New Coin"
"Satoshi’s original vision."
Not Mineable.

yeah, right. LOL. Jajajajajaja

https://coinmarketcap.com
https://coinmarketcap.com/currencies/skycoin/

newbie
Activity: 70
Merit: 0
Do you think that mining only on CPU is better?
full member
Activity: 246
Merit: 102
i Think the Problem with most ecoins is that do not follow Natural Laws of Economic distribution....

Miner Fee does not Follow Laffer Curve:
https://en.wikipedia.org/wiki/Laffer_curve
Nor supply vs. demand.
https://en.wikipedia.org/wiki/Microeconomics

Block Reward does not follow the Bell Curve / Normal Distribution.
https://en.wikipedia.org/wiki/Normal_distribution
https://en.wikipedia.org/wiki/The_Bell_Curve

Nor the True Gold Reserve / Extraction Patterns "similar to bell / normal distribution".
https://deepresource.wordpress.com/category/finance/gold/
http://www.numbersleuth.org/worlds-gold/

if Bitcoin followed the Bell Curves, there would Not be so much Lost Coins...

Gold was easy to mine in the past, in small quantities, because it was on the rivers...
when rivers depleted, humans had to dig deeper...
making the Gold Rush...
but Now Gold Extraction is "only for big machines."

Gold was lost in the past...
https://en.wikipedia.org/wiki/Spanish_galleon_San_José

how much?
11million coins, of 6.766grms or twice...

Calculated Total Mined Gold in All the History:
181.881 Tons

lost in that ship: 74 to 150 "less than O.1%"
full member
Activity: 246
Merit: 102
I really want to see new wallet released. When 1.2.0v wallet will be ready? Any ETA? MN rewards increase would be good for price.

We are still  in the final stages of testing the new version. It seems the original dev made a few mistakes with the code which we need to correct. It's imperative that we get this right, even if it takes longer than expected.

At this stage the fork block is still going to be block 375,000. The release of the new version won't change rewards initially at any rate, as the reward changes are set to take effect at block 375,000.

Read Page 3.
51% Attack when Reward is Halved...
https://cryptonote.org/whitepaper.pdf

I was one of those who quit Mining BTC when reward halved...
i think Monero method motivates Miners at the beggining,
BTC Method demotivates miners at the beggining.
i keep repeating to my self "i won´t make that mistake twice." LOL. Jajajajaja
CRDS Method will see. LOL. Jajajaja

Quote
2.3 Irregular emission
Bitcoin has a predetermined emission rate: each solved block produces a fixed amount of coins.
Approximately every four years this reward is halved. The original intention was to create a
limited smooth emission with exponential decay, but in fact we have a piecewise linear emission
function whose breakpoints may cause problems to the Bitcoin infrastructure.
When the breakpoint occurs, miners start to receive only half of the value of their previous
reward. The absolute difference between 12.5 and 6.25 BTC (projected for the year 2020) may
seem tolerable. However, when examining the 50 to 25 BTC drop that took place on November
28 2012, felt inappropriate for a significant number of members of the mining community. Figure
1 shows a dramatic decrease in the network’s hashrate in the end of November, exactly when the
halving took place. This event could have been the perfect moment for the malevolent individual
described in the proof-of-work function section to carry-out a double spending attack [36].
Fig. 1. Bitcoin hashrate chart
(source: http://bitcoin.sipa.be)
[36] Meni Rosenfeld. Analysis of hashrate-based double-spending. 2012.

Equation:
6.1
https://monero.stackexchange.com/questions/4253/what-is-the-mining-reward-equation
Quote
6 Further advantages
6.1 Smooth emission

The upper bound for the overall amount of CryptoNote digital coins is: MSupply = 264 − 1
atomic units. This is a natural restriction based only on implementation limits, not on intuition
such as “N coins ought to be enough for anybody”.
To ensure the smoothness of the emission process we use the following formula for block
rewards:
BaseReward = (MSupply − A)  18,
where A is amount of previously generated coins.

The only problems with Monero XMR are:
#1. the coin supply/reward is too low...
today is 5 XMR, vs. Dificulty too high.

Monero was Born 4 years ago.!
https://en.wikipedia.org/wiki/Monero_(cryptocurrency)
18 April 2014

#2. Miner Transfer Fee "Low setting" today is too high...
for small transactions...
0,01 XMR becomes 0,007414 XMR,
0,007414 becomes 0,004828 XMR
0,004828 Becomes Nothing, with 3 Transactions.
0,002245 XMR. "less than transfer Fee 0,002585"

if XMR had the same price of Btc, it would be $20usd. fee for a $80usd. transaction.

#3. Node XMR Wallet does not have Send with 0-Fee "if mining" like CRDS has and Bitcoin had, before Internal Wallet Mining was removed from the Bitcoin code after 0.10.

Those problems combined does not make sense, for a Small Business receiving XMR. "selling hot dogs & receiving XMR." like it happened with BTC in the early days.

To make decent Mining 1% of the Total Mining Power is required.
XMR Network has ~1000MH/s
10MH/s is too much for small miners... "Each GTX 1060 6GB makes 5OOH/s = 2O.OOO GTX 1060 6GB."
2KH/s is too slow, to make 0.3 XMR. "Nothing",

The things i like Algorithm has low power consumption at 100% Load.
XMR was nice, but has something wrong.
full member
Activity: 246
Merit: 102
This is for Developers...

Why GitHub does Not have [Issues] Tab ? like any other project?
the Old CRDS-Credits GitHub has....
https://github.com/Credits-CRDS/Credits

New:
https://github.com/CRDS/Credits

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