Topic: [ANN] Woodcoin [LOG] Pure Skein POW, Logarithmic Release, No Premine nor ICO - page 32. (Read 126316 times)

That's a lot of Wood lol, any chance of having an Official release windows wallet ?

Hehe, well only a person can say when they feel rich and everybody has their own reasons.  A specific number in fiat or coin is not what makes it.  

But yeah, if we still have LOG from now stacked in 2060 that won't hurt  My wish for good health to you at that day as well!  


Oh and the graph shows reward per day not per block, so bitcoin with 10 minute blocks started at 50 * 6 * 24 = 7200  per day, and is currently at 3600 BTC per day.  Meanwhile we are currently chopping 2 minute blocks at 23 * 30 * 24 =  16560 LOG per day.  The first point on the graph is in 2016 when mainnet will be at 1800 BTC per day.     

so by year 2060~ we are rich ? (when chopping will still produce fair amount of LOG)
damn i will be too old, if exist:P

you have a mistake in the Graph
BTC reward started only from 50

Merry Christmas Woodcutters!  

Can you believe woodcoin is only 2 months old?  The difficulty remains very constant as we have a core community of choppers and the current reward is about 23 LOG per chop, or about 16,500 LOG per day.  

Work continues on a few core woodcoin projects, we have a great community here and it has been a pleasure to see this public coin evolve.  Of course continued development is what you all want to see, and that goes on, but I would like to give something back to the community on this occasion.  

I have made another large contribution to the Forest:

WeHonorTheForestsAndTheTrees4pPXTQ

http://www.multifaucet.tk/index.php?blockexplorer=LOG&address=WeHonorTheForestsAndTheTrees4pPXTQ

Bringing the total to near half a million LOG returned.. making each and every outstanding LOG a little bit more valuable.  It's currently the third richest address with 8% of total LOG

http://www.multifaucet.tk/index.php?blockexplorer=LOG&top_addresses=100 

Here's to all of you enjoying a Bouche de Noel, a Christmas Tree, or a good swing of the axe!

You are having WAAAY too much fun with this...

back to chopping.

Greetings Woodcutters!

Block 30,000 is almost upon us.  Let's take a moment to examine where we are with the woodcoin timeline and our goals for this coin. 

1) Pure Skein hashing.  Well it appears that this hash function is 110% functional.  I am torn between being glad that no tweaks / GPU miners / super-efficient codes have emerged, and being disappointed that none of these have emerged.  So far all we can say is that pure skein is an effective CPU algo, is quick, and works.  Lets keep an eye on it and try to continue with our cryptographic research of this hash function.  It could be that the evolution will skip some steps and go right to FPGAs and ASICs.

There are several other coins that use skein, one even named skeincoin, but I have found none that use *only* the skein function for proof of work consensus.  Please let me know if I am missing something. 

2)  Logarithmic Release.  Block reward continues the long slow road to 1 satoshi, now at just under 30 LOG per chop.  Our real advantage over bitcoin and other coins will not emerge for at least another 12 years here, so don' t hold your breath.  Until then, all we can point to is modeling.  I am still confident that this release curve finds the sweet spot between too much inflation (devaluing coin) and not enough rewards (not enough mining incentive and eventual ease of double-spend).   

3)  Eliptic curve diversity.  Here we simply provide an alternative to storing wealth using the SECP256k1 curve which all other coins use.  Does anybody know a coin that doesn't use that curve other than Woodcoin?  Diversification in finances is very attractive.  There remains no evidence that any of these curves have practical vulnerabilities, but as more and more people move to using public coins there will be an increased demand for diversity. 

     

talk about LOGs... http://www.elasticsearch.org/overview/logstash/
maybe can use blockchain technology for storing LOGs ?
would be silly because elasticsearch is better

This is NO PLACE for smileys!!! lol

pffffft

https://www.youtube.com/watch?v=RTrAVpK9blw

Good morning Woodcutters--

 Woodcoin is 6 weeks old!  We have chopped more than 30,000 blocks and now there are close to 6 million LOG outstanding.  Nearly 1/5 of the maximum supply.  Difficulty remains low, mostly solo chopped, and there is no evidence of GPU or ASIC chainsaws nearby.  Our most often used block explorer at multifaucet is unfortunately down at the moment, not synching with the chain.  New ones are on the way, don't worry.    

  As some of you might know from LOGging IP addresses, I have been travelling recently, through the infamous land of Mordor.  So without further ado, I give you Report from Mordor, volume 1.  

---

Report from Mordor   --  Introduction

Mordor is a place that to most of middle Earth needs no introduction.  The long arms of its so called powerful, pushing old buttons of fear, control, and small ego, have reached to nearly every corner of this world spreading fiat wherever they go.  Mostly susceptible to this influence are Orcs and Men, though I will admit that Dwarfs also can be influenced, as well as hobbits, and it is said even the occasional elf.  

While this influence is not arguable, I have found here that the idea that it has a nexus or source in Mordor may be overplayed.  In fact these important issues in the minds of the subjects are not always observable in the lay of the land.  Mordor can be a beautiful place, with some green fields and a large variety of birds that appear unphased by debtor's prisons and the constant hum of massive concrete motorways.  

True, the forests have been cut down.  This sad fact does stand out, though beautiful trees can be found here.  Alas I am unable to interact with their network here, without the help of elves and wizards, but I can surmise a few things.  The cutting of the forest for the so-called industry of Mordor has devastated the energy of this once great land as a full node of the Gaia consensus network.  The relics of great wizards of the old age can still be found here but lie unused as playthings of the citizens and are likely powerless with the loss of the forests.  However, I also notice that fungal life is very strong here.  It could be that the fungal networks partially compensate for the loss of the massive root networks.  The resilience of life is remarkable.        

Some of you are probably disappointed in me.  Learning the Mordor tongue?  Aiding the enemy?  What's next, stacking fiat?  

Well, it is true that my motives are somewhat selfish.  I wished to learn more about middle earth, the influences that shaped our ancestors and our traditions.  The Mordor tongue is after all quite similar to my mother tongue (more on this history later dear reader, should you request it).  After following the creation of public coin by the great Satoshi, I want to see how the transition will go.  Where better to observe and understand the coming changes in the world than in the heart of Mordor itself?  It is true that to remain out of the view of the dark lords I have had to feign attraction to Fiat.  One way to go unnoticed here is to beg loudly for spare change.    

I must admit that I have learned a lot here.  When I first ninja'd my way past the massive orcs that guard the border harassing all passers I was thinking that things would change here rapidly now that any citizen of Mordor can access verifiable coin networks.  It's not that simple; I was naive.  Behavior is most often based on past experience and traditions.  My current opinion is that many orcs of mordor will continue their old ways for as long as they can, even while complaining about them the whole time.  

Well that should be enough for volume 1, I know you have LOG to chop and great works to accomplish of all kinds.  If you like, I will tell you more of my stay in Mordor in the next installment.  

Your humble servant --  Funkenstein the Dwarf    
  

  


  

  

Yes, lol. I'm using Windows. I searched the internet for the reason why it wasn't working, it's hard to believe it was that simple, but no one has asked before.


Ah, well then, I'll continue with my setgenerate true for mining, it's still working well for me for now.

Thanks again.

To chop wood you need to be doing a specific hash function: double skein.  This is slightly different than skeincoin which uses one skein hash and then a SHA256.  The only version of minerd I have tested that has the option for double skein mining is the one ocminer gave us back in the first couple days:

https://github.com/ocminer/skeincoin-cpuminer

He forked a skeincoin cpu miner and if you look at his commit, you can see he replaced the SHA256 with a second round of skein.

I started working on a fork of gpu miner (thanks for testing that billotronic).  Unfortunately it is a little more involved than I realized.  I spoke with reorder who had authored the skeincoin gpu miner and he told me I would need to reimplement the full skein function in CL because the skeincoin algo only required midstate skein.  It's unclear how much of a performance boost GPU mining will give us.  Certainly less than for SHA256 based coins and probably less than Scrypt coins too.    

Going to go a head and guess you are using windows ... if so you would have to compile ocminers source (ie make an .exe) and I have no clue how you would do that. (sorry)

[edit] if you are brave you can try the basic Windows build instructions from the readme. looks straightforward(ish)

truth is though no one is using the pool and the standalone miner is not that much faster (if at all) then the in wallet miner. So really, you can just keep solo mining in your wallet right now.

I'm really new to mining. I can setgenerate true, and get logs, with my CPU, which is great. It's the first time I've been able to mine (chop) something.

I tried doing the pool thing with minerd and get the error: minderd: unknown algorthim -- 'skein'. I've tried about 4 or 5 different types of minderd programs I've found scattered on the internet and I pretty much get the same error every time. But some said they weren't compatible with my computer (32 bit vs 64 bit, even though I'm sure I downloaded the 32-bit ones if it said one or the other).

It would be nice to get it going if the only way to get logs is through pools someday, but maybe my computer just can't... I don't know. Anyone have any theories?

Yeah not sure why I thought that didn't work... solo'ed all day just fine on my end today.

A plot of coins released per day, comparing BTC and LOG schedules for the next 45 years

Nice work Elbandi!  

I am testing now using ocminers forked skeincoin-cpuminer

https://github.com/ocminer/skeincoin-cpuminer

and it appears to be working (although I am the only one there).  If you can keep the pool up and the payouts work too, I wager the GPUs will start to get their feet wet.    

Edit:  to chop on the pool:

./minerd --algo=skein -o stratum+tcp://stratum.coinspool.cu.cc:3035 -u WVxpMuPXXZDEVo73mgBcaFKdhqJdEc2QjM -p blah

(you might prefer to put your own address in there   ) 

Thanks a lot!

What format do you want the files in?

If you need anything else just let me know.