Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 247. (Read 1031025 times)

At difficult 1 we need 2^24 hashes approximatly for a block (16777216 Hashes)
So at a diff of around 5160 we need 2^24 * 5160 hashes = 86570434560 =~ 86,5 GHashes





Really, whatever hashing function you use: As long as there are no reasonable collision attacks and such stuff, its irrelevant of the hashing algorithm used.
Yes of course, have a newer ("more secure") hashing function means, that the point in time when the computer technology is so advanced that this is doable in somehwat reasonable time, that this point in time is later, but really who cares?
Just do a hard fork and replace the hashing algorithms for all blocks newer than block X.

And currently Quark also uses SHA256 for the Merkle Tree...




Once again: schmarrn

Please read the code before you are stating such things which are provable wrong.
That is what makes others think about quark as scamcoin

Quarkcoin HAS transaction fees, and follows the same rules about "free transactions" as Bitcoin.
And since these rules were made for bitcoin, but in quark we have a faster block time and most of the time a bigger volume (important for the priority calculations) often the requirements for free transactions where met.
Remember the problems with transactions (mostly from p2pools inputs) hanging in the network. This happend because of that rules.

This should be written in the official Nxt thread to clarify more what Nxt is.
Well done.

It's partially closed source until January for the "official launch", AFAIK

The idea behind it is essentially 100% proof-of-stake instead of proof-of-work. As a result, it is much more energy efficient as there is no brute force involved for mining. Proof-of-stake is being used by Peercoin (PPC) already, but in a different way that still partly requires proof-of-work (hashing).

NXT are said not to be mined but 'forged' instead. The block generation principle is similar, but instead of getting more blocks with more hashrate, you get more blocks with more at stake i.e. greater balance.

For me it's just the opposite of Freicoin, the longer you hold, the richer you are (and I'm not talking about price increase as a store of value here). I'm not judging, it's just something obvious that I noticed with the forging concept. There is a very active thread ongoing for Nxt.

What's this NXT? Looks like close source proprietary centralized currency for proprietary OSs.

Vircurex has a slightly better price right now (14500 vs 14300), so you may want to check it out too

Forget about the btc38 thing, they even don't have a volume.

Quark is alredy beeing traded in China and Qrk has a direct access to CNY.
I think there where not major news
so the chinese can buy there QRK for a lower price.

And the volume is near to cryptsy's

Check this out:
http://bter.com/trade/qrk_cny

Quoting this again so more people can see it. It will help tremendously.

u r wrong i m new at bitcoin talk but i am holding quarks in my wallets about 1,5 months. and other forums and my local forums i supported quark coin.

everyone said quark will added to chinese exchange sites, ppl said wait for keiser.

but everything still same i invested some money to quark and im still holding it but i am losing my hope.

dogecoin issue is u know that coin is the most profitable for mining at these days.

its why im active on that forum. i am just an investor and miner. I am not fan of coins.

amd opteron 6200 series 6276 16 core 2.3Ghz

how much khash? quarkv2.2w64 ?

You shouldn't. This coin is really more innovative than the average think.

It is still underrated in the crypto scene. This will change obviously

the article do show that QRK devs know what they doing. from the 6 algorithms to the 30 seconds.

if anything it confirm the strength QRK have compared with other coins. 

Much desperate doggies spreading fuddies

I am not surprised. Like 95% of people who post FUD about Quark, your account was registered less than 2 weeks ago and all of your other posts are regarding Dogecoin. What I really would like to know is how many of you are there. I mean, I'm starting to wonder if there are just 10 or 20 of you guys out there with like 50 accounts each. It's getting really pathetic.

awww - lets fix that , whats the problem ?

slowly i am losing my trust to quark 

That's great. Lot of progression regarding Quark lately

Well explained thank you

http://blog.coinmkt.com/

^ also that .

ha ha did you actually read this:

http://forum.qrk.cc/thread/874/quark-secured-after-initial-distribution

it actually really clearly explains it and bolds and underlines the key points:


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****  Ok guys sorry for the slow response here - i have been busy and hopefully i can show you some of the results of my work soon -

****** when you come from a "Crypto" background you take things for granted - and I never let people push a narrative onto me , ( i'm not saying this reasonable question was aiming to do that by the way ) , but i have noticed an increase of chatter around this issue -

so lets explain - how Quark will be secured -:




What is the EQ Reward :

Quark has an EQ Reward

EQ reward Stands for "Equilibrium Reward"

One thing I did learn from Bill Still and other master economists is that a "Fixed" Currency supply is the best possible option when there are options .

Quark aims to be a Fixed currency supply by having an Equilibrium (EQ) Reward that both replaces lost Quark and allows for population and economics energy growth -

Quark is still deflationary - but not as harshly deflationary as say Bitcoin or Litecoin and many of the other "coins".

This EQ reward , serves as a reward for miners , so as it is the base that attempts to keep the supply "fixed" it is also the reward for miners to continue to mine for Quark -


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Question;  is the EQ Reward enough incentive ?

Answer yes probably:

but :

Lets explain:



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What are "Transaction Fees" and why are they important to Bitcoin and Litcoin ; Why and how does Quark have no Transaction fees ?

 
Bitcoin and Litecoin both have fairly reasonable Transactions fees , so to explain that :


if Joe send Bill 2000BTC there is a fairly decent transaction fee involved , This Transaction fee is meant to be used to recycle back to miners as a reward ( as Bitcoin is fixed harshly at less than 21 million)

^ so notice here to drive this point home , no new BTC was issued instead it was paid by Joe when he sent Bill the 2000BTC , after Joe paid the fee,  it gets put back into the "Block reward" to be mined  randomly by someone that owns an "ASIC"

in contrast:

Quark provides its users and investors with a Fee FREE environment this is because of the EQ reward , this means that if you are a SME or small business ,or a home business ; www.keepitwooden.com/ < (i'm buying some : D) you have no fees to worry about what so ever -

However if the EQ Reward was not looking like it would be enough incentive (for miners) we would likely introduce a very small fee < now it is important to understand this is not inflationary as just like Bitcoin this is just existing Quark being recycled back to Miners -

We would throw this to the Quark community for feedback - , but rest assured the fee would be lower than BTC or any other Crypto as Quark has massive volume , the fee would only need to be tiny - .


So in this case the Reward would look like this

(EQ Reward + Small Fee) = Miners incentives .

^ out of the above simple equation only, I believe that the Quark community would be more than happy to pay a slight fee back to its miners - which are also probably the same community - and to help secure Quark for everyone into the future - 



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Then on top of that >


We know some of the best coders in the game that have been making Cryptocurreny since its inception there are many security measures that can be put on top of this ; rest assured we have powerful enemies now , some people really do hate free markets and they hate freedom .

but no matter how powerful they think they are - they are not bigger than the free market , no matter what they believe . and Freedom is an idea that does not die easily.