[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 121.

LeongTap

newbie

Activity: 30

Merit: 0

Quote from: Hippie Tech on February 15, 2015, 03:42:37 PM

Quote from: E9800 on February 15, 2015, 02:11:55 PM

Is anyone else finding blocks that never appear in their wallet? I am successfully mining to these wallets but some found blocks do not seem to make it to my total. I thought maybe I was just finding the same block as another miner and they were faster to confirm but this happens too frequently for that. It seems about every 4 blocks found I lose 1. Also seems to be more frequent on slower cards such as 270X.

Some coins have an orphan bug/ exploit and/or one or more of the whales is rejecting them.

The Fud pig is misleading you, notice how he said some coins ? i don't know about your problem, but i have a 10-20% rejection rate on my rigs which had ran a little more than 1 month on spreadcoin. I've asked around and seems like some others have the same experience as mine, so your not alone buddy.

(p/s: psss the pig is trying to spread fear, unrest and doubt (FUD) for this coin for selfish reasons, nobody knows why)

e1ghtSpace

legendary

Activity: 1540

Merit: 1001

Crypto since 2014

Damn, was about to report a post but it got deleted as I left my comment. Sad

My reporting accuracy didn't go up. Sad

njs811

sr. member

Activity: 406

Merit: 250

Quote from: duboisi on February 15, 2015, 10:57:28 PM

Quote from: MyFarm on February 13, 2015, 05:42:18 PM

After seeing just how much wolf0 was able to optimize the CPU I realized just how much a few miners with properly optimized code could dominate. And if I was:
1. Someone who only care about definite profit, I could get such a miner and dump for more than it costs me to mine.
2. If I was a competing coin, I could keep the price of the coin deflated.

I think whoever can "steal" electricity (i.e.: free electricity) can do more damage than optimized miner. Every Sat is profit.

I don't know what this means.

duboisi

full member

Activity: 202

Merit: 100

Quote from: MyFarm on February 13, 2015, 05:42:18 PM

After seeing just how much wolf0 was able to optimize the CPU I realized just how much a few miners with properly optimized code could dominate. And if I was:
1. Someone who only care about definite profit, I could get such a miner and dump for more than it costs me to mine.
2. If I was a competing coin, I could keep the price of the coin deflated.

I think whoever can "steal" electricity (i.e.: free electricity) can do more damage than optimized miner. Every Sat is profit.

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

Quote from: minerpage on February 15, 2015, 06:43:16 PM

Quote

That's the really scary thing about government... that it can be used as tool by any well financed and connected industry to further their agenda, or crush someone they don't like.

I think the biggest threat/regulation/limitation will come from government licensing efforts... as is already happening up north: "Québec Mandates Bitcoin ATMs, Trading Platforms Obtain Licenses" http://www.coindesk.com/quebec-province-bitcoin-regulation/

This bureaucracy is so messed up! Angry

minerpage

sr. member

Activity: 268

Merit: 250

Quote

That's the really scary thing about government... that it can be used as tool by any well financed and connected industry to further their agenda, or crush someone they don't like.

I think the biggest threat/regulation/limitation will come from government licensing efforts... as is already happening up north: "Québec Mandates Bitcoin ATMs, Trading Platforms Obtain Licenses" http://www.coindesk.com/quebec-province-bitcoin-regulation/

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

Quote from: MyFarm on February 15, 2015, 05:26:57 PM

It's not about trusting Evan. It's about not trusting the entities that could wield power over him if so desired.

Good point!

Quote from: MyFarm on February 15, 2015, 05:26:57 PM

At present, Darkcoin is like Napster with its centralized servers. The government got pissed at Napster and it was done. Digital cash, as disruptive as it is going to be, needs to be unable to be shutdown by anyone.

Or to be more precise,
the music industry got pissed at napster and used government as a tool to shutdown Napster.

That's the really scary thing about government... that it can be used as tool by any well financed and connected industry to further their agenda, or crush someone they don't like.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Hippie Tech on February 13, 2015, 09:58:45 PM

Quote from: MyFarm on February 13, 2015, 05:42:18 PM

After seeing just how much wolf0 was able to optimize the CPU I realized just how much a few miners with properly optimized code could dominate. And if I was:

1. Someone who only care about definite profit, I could get such a miner and dump for more than it costs me to mine.
2. If I was a competing coin, I could keep the price of the coin deflated.

3. BINGO on #1. Wink

4. Markets are easily manipulated when the dev owns more than 5% of the coins.

They set their bots to buy/sell into their orders, inducing panic buys and sells at will. And all it takes is one panicing noob to make back the 0.25% exhange fees.

Did you forget about this enlightening revelation ?

Or did you purposely ignore my response after realizing that you have said too much ? lol

njs811

sr. member

Activity: 406

Merit: 250

Quote from: MyFarm on February 15, 2015, 05:26:57 PM

Quote from: illodin on February 15, 2015, 04:27:35 PM

Obviously it's not the optimal situation to be in, but if you don't trust the dev to handle the reference node responsibly, then you don't trust the dev to keep on developing and can just dump it instantly. Same with checkpoints.

It's not about trusting Evan. It's about not trusting the entities that could wield power over him if so desired. At present, Darkcoin is like Napster with its centralized servers. The government got pissed at Napster and it was done. Digital cash, as disruptive as it is going to be, needs to be unable to be shutdown by anyone.

I am impressed with the masternodes of SPR. They are smaller, more accessible, and more reasonable than DRKs. It means anyone can get in at any time. If my grandma can get into a coin, that makes it decentralized. SPR is great for the most uneducated script kitties.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: illodin on February 15, 2015, 04:27:35 PM

Obviously it's not the optimal situation to be in, but if you don't trust the dev to handle the reference node responsibly, then you don't trust the dev to keep on developing and can just dump it instantly. Same with checkpoints.

It's not about trusting Evan. It's about not trusting the entities that could wield power over him if so desired. At present, Darkcoin is like Napster with its centralized servers. The government got pissed at Napster and it was done. Digital cash, as disruptive as it is going to be, needs to be unable to be shutdown by anyone.

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

I look at the dev of a coin as the captain of a ship.

He is important because he helped build the ship, he hired a crew, he started the cruise, and he keeps us on course.
But he is also just a human, he can go crazy, and then a mutiny might be appropriate. He might also get sick and die, so it's important that other people also figure out how to control this ship.
But obviously - most of the time - such fears are baseless and we don't concern ourselves much with such scenarios.

But the one thing I want to have certainty over - at all times - is the quality of the ship.

What material is it built of?
How fast is it? How sturdy is it?
How well does it handle stormy weather?
Is it fully fueled?

illodin

hero member

Activity: 966

Merit: 1003

Obviously it's not the optimal situation to be in, but if you don't trust the dev to handle the reference node responsibly, then you don't trust the dev to keep on developing and can just dump it instantly. Same with checkpoints.

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

Quote from: e1ghtSpace on February 15, 2015, 04:13:05 PM

Quote from: illodin on February 15, 2015, 01:10:04 PM

A temporary "reference node" isn't anymore centralized than a dev who releases a wallet that everyone downloads and starts to use. Only after a coin is at the stage where it doesn't depend on one developer it begins to be decentralized.

There is a big difference. A wallet that everyone can download gives them a choice of weather to accept the changes or not, unlike a reference node, which can make changes to the network at its will and everyone automatically accepts it.

Good point.
Also, especially when a lot of money is involved, investors will tend to build the wallets/masternodes themselves using the open source code.
They will not allow for any uncertainties.
In fact they will insist on open source code.

Try and offer any investor a closed source wallet, and see how "excited" he will get... Grin

Darkcoin did get a lot of complaints from the crypto community for going closed source for a while... but this was just in the early stages of the coin.

e1ghtSpace

legendary

Activity: 1540

Merit: 1001

Crypto since 2014

Quote from: illodin on February 15, 2015, 01:10:04 PM

A temporary "reference node" isn't anymore centralized than a dev who releases a wallet that everyone downloads and starts to use. Only after a coin is at the stage where it doesn't depend on one developer it begins to be decentralized.

There is a big difference. A wallet that everyone can download gives them a choice of weather to accept the changes or not, unlike a reference node, which can make changes to the network at its will and everyone automatically accepts it.

devlin

sr. member

Activity: 272

Merit: 250

Quote from: E9800 on February 15, 2015, 02:11:55 PM

Is anyone else finding blocks that never appear in their wallet? I am successfully mining to these wallets but some found blocks do not seem to make it to my total. I thought maybe I was just finding the same block as another miner and they were faster to confirm but this happens too frequently for that. It seems about every 4 blocks found I lose 1. Also seems to be more frequent on slower cards such as 270X.

For solo mining you can use --scan-time 1 --expiry 1 in your miner settings, this will limit orphan blocks

pokeytex

legendary

Activity: 1504

Merit: 1002

Quote from: E9800 on February 15, 2015, 02:11:55 PM

Is anyone else finding blocks that never appear in their wallet? I am successfully mining to these wallets but some found blocks do not seem to make it to my total. I thought maybe I was just finding the same block as another miner and they were faster to confirm but this happens too frequently for that. It seems about every 4 blocks found I lose 1. Also seems to be more frequent on slower cards such as 270X.

I mine to one wallet with (2) rigs (2) computers. I have never lost a block. I am at a loss for you in understanding the error. Anyone else?

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: E9800 on February 15, 2015, 02:11:55 PM

Is anyone else finding blocks that never appear in their wallet? I am successfully mining to these wallets but some found blocks do not seem to make it to my total. I thought maybe I was just finding the same block as another miner and they were faster to confirm but this happens too frequently for that. It seems about every 4 blocks found I lose 1. Also seems to be more frequent on slower cards such as 270X.

Some coins have an orphan bug/ exploit and/or one or more of the whales is rejecting them.

E9800

sr. member

Activity: 250

Merit: 250

Is anyone else finding blocks that never appear in their wallet? I am successfully mining to these wallets but some found blocks do not seem to make it to my total. I thought maybe I was just finding the same block as another miner and they were faster to confirm but this happens too frequently for that. It seems about every 4 blocks found I lose 1. Also seems to be more frequent on slower cards such as 270X.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: Propulsion on February 15, 2015, 12:05:56 PM

I don't think that'll even affect the price when the reference nodes are removed.

People simply don't care about that.

Most people don't care about 90% of the network hash residing in the hands of 3 leeches. But ask yourself, if you had $millions, would you trust it to a currency who's 'security' is arguably far more centralised than traditional financial institutions?

I run a few MNs but I wouldn't trust Darkcoin with serious money and neither is anyone else going to who does have serious money.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: illodin on February 15, 2015, 01:10:04 PM

A temporary "reference node" isn't anymore centralized than a dev who releases a wallet that everyone downloads and starts to use. Only after a coin is at the stage where it doesn't depend on one developer it begins to be decentralized.

The problem with the, "Temporary" reference node is it has been in place for how many months now? And it'll be in place for at least how many more months while Evan rewrites the masternode code? At this point, it has been upgraded to, "Semi-permanent". As I've said, I do believe that it will be removed successfully at some point but until then, I am not a buyer and I had to be a seller because the fundamentals changed.

I agree with you about the multiple developers. In my opinion, that is one of the biggest risks for Spreadcoin. But with that said, I'm unconvinced any of the current Darkcoin developers could replace Evan in his role. They're all great developers and people like Vertoe and UdjinM6 have been stellar, but I'm unsure they could do what Evan is doing. Hopefully we never find out.

Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 121. (Read 810099 times)