Topic: [ANN] Metal Coin - X11 POW with MTT - Launch on 1st Oct 2014 at 1pm UTC+0 - page 7. (Read 13867 times)
October 01, 2014, 08:10:11 AM
So I rented 3.5GH/s for nothing ?
October 01, 2014, 08:08:00 AM
Sorry to say but Diff Retargeting is not kicking in... :-(
Every share is a block..
EDIT:
@DEV: Do you still want me to compile the wallet ?
Every share is a block..
EDIT:
@DEV: Do you still want me to compile the wallet ?
October 01, 2014, 08:07:31 AM
Linux Source. https://github.com/MetalDevel/metalcoin
seems many pools joins in.show us the work, dev.
October 01, 2014, 08:05:05 AM
Supernova is up!
October 01, 2014, 08:04:49 AM
Linux Source. https://github.com/MetalDevel/metalcoin
October 01, 2014, 08:03:43 AM
Does anyone here know what a flashing chicken looks like?
pretty flashy I bet
October 01, 2014, 08:02:40 AM
Does anyone here know what a flashing chicken looks like?
October 01, 2014, 08:02:14 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time?no, i got the source too late, but i'll try to compile it really quick
to compile the win wallet ?
i can't tell right now.. i have to see if i have all dependencies etc.. i think something about 20-30 minutes..
but you can start mining right away .. you don't need the win wallet for that
Let me know if it turns out you dont. I have a VM dedicated to Windows QT build enviroment.
October 01, 2014, 08:02:02 AM
5 minutes more. Our Node is compiling the linux wallet.
October 01, 2014, 08:00:50 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time?no, i got the source too late, but i'll try to compile it really quick
to compile the win wallet ?
i can't tell right now.. i have to see if i have all dependencies etc.. i think something about 20-30 minutes..
but you can start mining right away .. you don't need the win wallet for that
October 01, 2014, 08:00:05 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time?no, i got the source too late, but i'll try to compile it really quick
to compile the win wallet ?
i can't tell right now.. i have to see if i have all dependencies etc.. i think something about 20-30 minutes..
but you can start mining right away .. you don't need the win wallet for that
October 01, 2014, 07:56:43 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time?no, i got the source too late, but i'll try to compile it really quick
October 01, 2014, 07:56:14 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time?no, i got the source too late, but i'll try to compile it really quick
October 01, 2014, 07:55:54 AM
ocminer has kindly agree to help compile windows wallet. Thank.
stayed up late to do just that
Good luck with launch!
October 01, 2014, 07:55:30 AM
ocminer has kindly agree to help compile windows wallet. Thank.
will launch be on time? October 01, 2014, 07:54:38 AM
ocminer has kindly agree to help compile windows wallet. Thank.
October 01, 2014, 07:48:14 AM
we're ready... 
October 01, 2014, 07:44:41 AM
Preparing Genesis Block and Uploading soon. Stay Tune.
October 01, 2014, 07:44:25 AM
Can someone explain this to me. What is the advantage of using a huge mining farm if the block reward is the same and theres a specific block target time. Im assuming that the block time is the time between finding blocks. In the case of metal coin, the block reward is 24 and the block time is 2 minutes. Whats the point in using a massive rig. Surely the only advantage would be getting a larger portion of those 24 coins in each block? thanks
If all goes according to plan, then yes, all you get by renting a huge farm is a larger portion of those 24 coins in each block.
However, if you're the first one to do so (instamining the earliest blocks), your percentage payout on those earlier coins will be greater than if you rent the same large amount of hashrate later once more miners jump on the coin. Like, let's say Metalcoin has 6 gh/s right out of the gate, and you rent 3 gh/s-- this will give you 33% of all Metalcoin mined for the duration of your rental. But if you wait until the hashrate grows to 27gh/s and then rent 3 gh/s, at that point you're spending the same on your rental but only getting 10% of all Metalcoin.
There are other advantages of renting large hashrate early. Sometimes a new coin's block release timing will have an error, and a large amount of hashrate will find blocks more quickly than every 2 minutes as per target, kind of like overdriving the release time. This is an outside chance situation and usually is detrimental to the overall perception of the coin, since it relies on an obvious error in the code which shuts out the support of other crucial early adopter miners, but I've seen it work quite a few times.
Renting large hashrate is most effective on coin releases with short PoW and high block rewards as a percentage of total supply. The most recent example of this is Utilitycoin. It's less effective on PoW-only coins but this adds more overall stability through better distribution.
So, that mean that even if the net gh/s grows from 6 to 27 while im still mining with the same 3gh/s i still get 33%? even if the the net hash grows? Surely the percentage would decrease substantially with more people mining?
October 01, 2014, 07:44:07 AM
Can someone explain this to me. What is the advantage of using a huge mining farm if the block reward is the same and theres a specific block target time. Im assuming that the block time is the time between finding blocks. In the case of metal coin, the block reward is 24 and the block time is 2 minutes. Whats the point in using a massive rig. Surely the only advantage would be getting a larger portion of those 24 coins in each block? thanks
If all goes according to plan, then yes, all you get by renting a huge farm is a larger portion of those 24 coins in each block.
However, if you're the first one to do so (instamining the earliest blocks), your percentage payout on those earlier coins will be greater than if you rent the same large amount of hashrate later once more miners jump on the coin. Like, let's say Metalcoin has 6 gh/s right out of the gate, and you rent 3 gh/s-- this will give you 33% of all Metalcoin mined for the duration of your rental. But if you wait until the hashrate grows to 27gh/s and then rent 3 gh/s, at that point you're spending the same on your rental but only getting 10% of all Metalcoin.
There are other advantages of renting large hashrate early. Sometimes a new coin's block release timing will have an error, and a large amount of hashrate will find blocks more quickly than every 2 minutes as per target, kind of like overdriving the release time. This is an outside chance situation and usually is detrimental to the overall perception of the coin, since it relies on an obvious error in the code which shuts out the support of other crucial early adopter miners, but I've seen it work quite a few times.
Renting large hashrate is most effective on coin releases with short PoW and high block rewards as a percentage of total supply. The most recent example of this is Utilitycoin. It's less effective on PoW-only coins but this adds more overall stability through better distribution.
Perfect explanation.
And thats why everyone wants to be the first... and some pools have dedicated machines only for compiling wallets as fast as they can :-D
So *that's* why you've always got the first pool up! A dedicated wallet-compiling box! Shoulda known
shhhh ;-)
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