Topic: [ANN] Woodcoin [LOG] Pure Skein POW, Logarithmic Release, No Premine nor ICO - page 8. (Read 126271 times)
December 10, 2017, 10:14:43 PM
What i'm waiting is the addition of this coin into other exchanges so that we can make the market wider to give the investor and traders a wide variety of selection in terms of where to trade this coin.
December 10, 2017, 08:20:30 PM
December 10, 2017, 08:18:15 PM
Thank you Cryptodelver, nice site!
We'll be promoting in other channels as well.
December 09, 2017, 06:19:12 PM
December 04, 2017, 03:36:15 PM
SpAcEDeViL, nice work!
Another pool working here
Another pool working here
HY!
Miner-Control.de add Woodcoin (skein2) https://miner-control.de
With 1% fee.
Feel free to mine here
Miner-Control.de add Woodcoin (skein2) https://miner-control.de
With 1% fee.
Code:
-o stratum+tcp://miner-control.de:3350 -u -p c=LOG
Feel free to mine here
December 04, 2017, 03:32:09 PM
Any AMD gpu miner with double skein support? I'd like to mine, but I can only find Nvidia miners.
Hi Jchardin,
I know people are using AMDs but there's not much code out there that I have seen published.
The Wolf0 kernels include Skein so should work for this but that's all I know.
Good luck --
November 29, 2017, 04:03:07 AM
██╗ ███╗ ██╗██╗ █╗█████╗█████╗ █████╗ ██████╗ ███╗ ██╗████████╗██████╗ █████╗ ██╗
███╗ ████║ ██║███╗ █║██╔══╝█╔══██╗ ██╔═══╝ ██╔═══██╗████╗ ██║╚══██╔══╝██╔══██╗█╔═══█╗██║
█╔████╔██║ ██║█╔██╗ █║████╗ █████╔╝████╗ ██║ ██║ ██║██╔██╗ ██║ ██║ ██████╔╝█║ █║██║
█║╚██╔╝██║ ██║█║╚██╗█║██╔═╝ █╔═██╗╚════╝ ██║ ██║ ██║██║╚██╗██║ ██║ ██╔══██╗█║ █║██║
█║ ╚═╝ ██║ ██║█║ ╚███║█████╗█║ ██║ ╚█████╗ ╚██████╔╝██║ ╚████║ ██║ ██║ ██║╚████╔╝██████╗
╚╝ ╚═╝ ╚═╝╚╝ ╚══╝╚════╝╚╝ ╚═╝ ╚════╝ ╚═════╝ ╚═╝ ╚═══╝ ╚═╝ ╚═╝ ╚═╝ ╚═══╝ ╚═════╝
°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸
############# Mining your fav. Coin! ################
## ##
## NEW COIN: LOG added! ##
## ##
## NOW you can mine LOG on https://miner-control.de ##
## ##
## Port: 3350 ##
## Algo: skein2 ##
## Low fee: 1% ##
## ##
## Your Fav. Coin is missing? Request it! ##
############################################
Code:
-o stratum+tcp://miner-control.de:3350 -u -p c=LOG
°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸°º¤ø,¸¸,ø¤º°`°º¤ø,¸,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸
Feel free to mine here!
November 24, 2017, 04:46:32 PM
Any AMD gpu miner with double skein support? I'd like to mine, but I can only find Nvidia miners.
November 24, 2017, 05:20:40 AM
Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on?
l8nightminer pool and explorer added to OP. Looking good nice work!!
Now taking 32% of the net hash! Thank you LOG miners for your support of the pool
Help issue pool http://yiimp.l8nit3-miners.com/ Not transfer coin Woodcoin
November 18, 2017, 11:32:45 PM
Difficulty continues to skyrocket. LOG miners, what are you using? Drop some hints please!!
November 15, 2017, 02:43:14 AM
October 31, 2017, 10:42:40 PM
NovaExchange is closing!
https://novaexchange.com/market/BTC_LOG/
There hasn't been much volume on this exchange but any traders with coin on here are advised to withdraw ASAP.
Congrats to these exchange operators for your experience in running this exchange admirably!
https://novaexchange.com/market/BTC_LOG/
There hasn't been much volume on this exchange but any traders with coin on here are advised to withdraw ASAP.
Congrats to these exchange operators for your experience in running this exchange admirably!
October 31, 2017, 03:18:26 AM
Three Years of Woodcoin
On this occasion, let's go through why the logarithmic bitcoin we know as woodcoin is still alive after three years, has increased in value steadily, and is set up for further increase in value:
1) Decentralized
There is no woodcoin company, no woodcoin premine, no woodcoin ICO. Like bitcoin, there's no person or group of persons who can take a fall, get bought out, compromise, or tarnish this coin. There's no system of "checkpoints", no "coordinator", no "foundation", and no "woodcoin.com login page". No single company holding, marketing, or being "official developer". Just pure coin for people to use.
2) Logarithmic Release
The logarithmic release is still the only crypto monetary policy with a long term plan that doesn't eventually either implode or explode. Despite the existence of public coin, in which monetary policy is a real verifiable thing rather than a question of trusting some people with special titles and suits, there has been markedly little experimentation in monetary policy. Lets look at the alternatives which have come up in public coin offerings:
Geometric
Many coins (litecoin, bitcoin, monero, ..) use a geometric curve to increase the supply. This will quickly leave these coins in a state where their transaction confirmations (mining) will need to be supported by fees. At that point, there will be a market force, namely the desire to make transactions without paying too much, which will force holders to make at least small investments in other coins. While a geometric series coin looks great to the early adopters, we can say at that at the very least there will be negative market pressure on these coins as they asymptotically near their supply cap.
Linear
Many other coins (doge, eth, eth classic, ..) use a linear curve - simply paying a fixed amount to miners every block. This has the advantage that it avoids the problem of the geometric series - there will always be payment for the miners, so the fees will be low. However it introduces another problem - unlimited supply. Without a supply cap to point to, it becomes difficult to convince an investor that this is a great store of value in the long term.
Exponential
Some coins, usually proof of stake coins, add a certain percentage of the total supply to the current supply every year. This leads to an exponential growth in the money supply. This is done to reward stakers. While fees certainly will remain low in this scheme, and there is some early potential to benefit from price as people clamor to get some of the valuable initial capital, this scheme often implodes as a ponzi, or becomes centralized.
Delta function
Some coins (NEXT, ripple... ) simply issue all the currency up front in a 100% premine. This leads to a centralized system, as the only people with the incentive to mine are those who wish to see the system continue, which are those who hold the coin. Without a miner subsidy there is no other incentive to secure the network. Such coins can indeed be public, but they are not so decentralized. This leaves them vulnerable to issues of centralization.
Logarithmic
The logarithmic release schedule gives us a middle ground. We have a capped supply (for the case of woodcoin, there will never be more than 28 million), so we don't lose the trust of those folks who are inflation averse. However we also have a slowly decreasing reward schedule, which provides for non-vanishing coinbase rewards in the very long term future. We also don't lose the folks who are high-fee averse.
3) Proof of Work
Woodcoin is the highest hashpower coin using solely the Skein hash function. Proof of work is real value in a way that proof of stake cannot provide. This is the original basis for decentralized consensus. It represents an incentive to save energy, understand software algorithms, and build better hardware.
4) Public
Woodcoin is a public coin like bitcoin. Anyone can see how many coins are outstanding and every LOG creation event is auditable by all parties. This means counterfeiting and other money supply fraud is not possible.
5) No Counterparty Risk
Like bitcoin and other decentralized coins, it is possible to make a long distance transfer with no counterparty risk. While holding precious metals also can be done without counterparty risk, the transfer of value over large distances is more problematic.
On this occasion, let's go through why the logarithmic bitcoin we know as woodcoin is still alive after three years, has increased in value steadily, and is set up for further increase in value:
1) Decentralized
There is no woodcoin company, no woodcoin premine, no woodcoin ICO. Like bitcoin, there's no person or group of persons who can take a fall, get bought out, compromise, or tarnish this coin. There's no system of "checkpoints", no "coordinator", no "foundation", and no "woodcoin.com login page". No single company holding, marketing, or being "official developer". Just pure coin for people to use.
2) Logarithmic Release
The logarithmic release is still the only crypto monetary policy with a long term plan that doesn't eventually either implode or explode. Despite the existence of public coin, in which monetary policy is a real verifiable thing rather than a question of trusting some people with special titles and suits, there has been markedly little experimentation in monetary policy. Lets look at the alternatives which have come up in public coin offerings:
Geometric
Many coins (litecoin, bitcoin, monero, ..) use a geometric curve to increase the supply. This will quickly leave these coins in a state where their transaction confirmations (mining) will need to be supported by fees. At that point, there will be a market force, namely the desire to make transactions without paying too much, which will force holders to make at least small investments in other coins. While a geometric series coin looks great to the early adopters, we can say at that at the very least there will be negative market pressure on these coins as they asymptotically near their supply cap.
Linear
Many other coins (doge, eth, eth classic, ..) use a linear curve - simply paying a fixed amount to miners every block. This has the advantage that it avoids the problem of the geometric series - there will always be payment for the miners, so the fees will be low. However it introduces another problem - unlimited supply. Without a supply cap to point to, it becomes difficult to convince an investor that this is a great store of value in the long term.
Exponential
Some coins, usually proof of stake coins, add a certain percentage of the total supply to the current supply every year. This leads to an exponential growth in the money supply. This is done to reward stakers. While fees certainly will remain low in this scheme, and there is some early potential to benefit from price as people clamor to get some of the valuable initial capital, this scheme often implodes as a ponzi, or becomes centralized.
Delta function
Some coins (NEXT, ripple... ) simply issue all the currency up front in a 100% premine. This leads to a centralized system, as the only people with the incentive to mine are those who wish to see the system continue, which are those who hold the coin. Without a miner subsidy there is no other incentive to secure the network. Such coins can indeed be public, but they are not so decentralized. This leaves them vulnerable to issues of centralization.
Logarithmic
The logarithmic release schedule gives us a middle ground. We have a capped supply (for the case of woodcoin, there will never be more than 28 million), so we don't lose the trust of those folks who are inflation averse. However we also have a slowly decreasing reward schedule, which provides for non-vanishing coinbase rewards in the very long term future. We also don't lose the folks who are high-fee averse.
3) Proof of Work
Woodcoin is the highest hashpower coin using solely the Skein hash function. Proof of work is real value in a way that proof of stake cannot provide. This is the original basis for decentralized consensus. It represents an incentive to save energy, understand software algorithms, and build better hardware.
4) Public
Woodcoin is a public coin like bitcoin. Anyone can see how many coins are outstanding and every LOG creation event is auditable by all parties. This means counterfeiting and other money supply fraud is not possible.
5) No Counterparty Risk
Like bitcoin and other decentralized coins, it is possible to make a long distance transfer with no counterparty risk. While holding precious metals also can be done without counterparty risk, the transfer of value over large distances is more problematic.
October 31, 2017, 03:16:15 AM
Fantastic, thanks nosekefik! I'll be adding to this to OP tonight.
October 25, 2017, 06:55:03 PM
I added it to my pool
It's based on YiiMP, no registration is needed :
Stratum : pool.nosekefik.com:5233
User : YOUR_ADDRESS
Password : c=LOG
Website : https://pool.nosekefik.com/
Payout : Every 20min
Fee : 1.00%
Example:
Happy Mining =)
It's based on YiiMP, no registration is needed :
Stratum : pool.nosekefik.com:5233
User : YOUR_ADDRESS
Password : c=LOG
Website : https://pool.nosekefik.com/
Payout : Every 20min
Fee : 1.00%
Example:
Code:
ccminer -a skein2 -o stratum+tcp://pool.nosekefik.com:5233 -u -p c=LOG
Happy Mining =)
October 18, 2017, 02:53:05 PM
Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on?
l8nightminer pool and explorer added to OP. Looking good nice work!!
Now taking 32% of the net hash! Thank you LOG miners for your support of the pool
October 18, 2017, 02:38:46 AM
Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
Was that you then bringing diff to 2539? That's an insane jump. What's going on?
l8nightminer pool and explorer added to OP. Looking good nice work!!
October 12, 2017, 06:44:27 PM
Hi dev . Any new news in the coming month
Hi ducphuc01hp,
Work continues on version 0.15, android client, and a novel exchange bot including woodcoin (famex.trade). Nothing really expected in the coming month that I know of, but I expect to be surprised at some point
Three year anniversary approaches as well as Phi Day when the reward drops below 1.618 per block. Lets make these happen in style shall we? Any suggestions? Perhaps we should all switch back to mining Woodcoin on 3rd anniversary.
September 25, 2017, 08:32:14 AM
Hi dev . Any new news in the coming month
Hi ducphuc01hp,
Work continues on version 0.15, android client, and a novel exchange bot including woodcoin (famex.trade). Nothing really expected in the coming month that I know of, but I expect to be surprised at some point
Three year anniversary approaches as well as Phi Day when the reward drops below 1.618 per block. Lets make these happen in style shall we? Any suggestions? September 24, 2017, 04:08:36 AM
Hi dev . Any new news in the coming month
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