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Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 20. (Read 128404 times)

full member
Activity: 187
Merit: 100
August 14, 2011, 04:58:00 AM
Hashrate ?
legendary
Activity: 1708
Merit: 1020
August 14, 2011, 04:23:30 AM
stats: not much but a start: http://bitcoinx.com/ixcoin

displays current difficulty, blockcount, blocks to retarget

more to come if ixcoin stays alive
sr. member
Activity: 476
Merit: 250
moOo
August 14, 2011, 03:34:27 AM
thanks doublec already sent to your email. Still you shouldnt have to go through this, as a quality client could tell the difference between a valid addy and an invalid one, and  definitely wouldnt transform an invalid addy into a valid one.

people shouldnt play games forking the bitcoin if they dont know wtf  they are doing... I'm willing to bet, you never had the reverse issue. Never had anyone bugging you to recover their BTC from the ixcoin deposit addy. And nor should you have to.

This is time and energy out of your day. It isnt a flaw with your pool, your coding or your system, and yet you are the one people will come to expecting to fix it.


Yeah I'm a bit more annoyed than I should be, it is late and I am in a bad mood. But this isnt some glitch in a game. My char stuck between walls. This is money. Amateur hour is why BTC is at 10 right now instead of 15(the 17,000 coins lost at the exchange was due to amatuers, the mybitcoin theft was due to amateurs), we dont need to add more amateur hour to the system. WE need more professionalism.  Which you doubleC are showing.
legendary
Activity: 1078
Merit: 1005
August 14, 2011, 03:16:42 AM
The coins were sent to a bitcoin address held by http://ixchange.bitparking.com/ exchanger. So I guess they are lost ?
Get your friend to PM me, or email me at the email address in the whois of the bitparking domain, with all the details and I can recover them.
legendary
Activity: 3431
Merit: 1233
August 14, 2011, 03:15:48 AM
I am also becoming a bit concerned about the level of 'control' a few individuals seem to have over Bitcoin.
I'm concerned about that as well. Everyday I find some new backdoor as far as technicalities are concerned. Decision making process is a mystery while it must be totally transparent.
legendary
Activity: 1078
Merit: 1005
August 14, 2011, 03:15:36 AM
And if we go strictly by that ratio to arrive at a ballpark valuation, 1 Ixcoin is equivalent to roughly .00869565 BTC.  That's why I picked up a few thousand this morning at .0041'ish Smiley  I just hope I didn't just shoot myself in the foot..
You almost did. Remember that ixcoin blocks have 96 coins in them vs bitcoins 50.
member
Activity: 70
Merit: 10
August 14, 2011, 03:02:20 AM
Git at https://github.com/ixcoin/ixcoin.git results in building normal bitcoin.

How to build from git?




sr. member
Activity: 476
Merit: 250
moOo
August 14, 2011, 02:00:21 AM
It has a very buggy client as well... watch out.
Yeha it was a user error but early am i sent my coin to bitparking to sell.
I accidently used my btc deposit addy.

ANY QUALITY software would have errored out. Not scamcoin. SCamcoin decides to translate my btc addy into a ixcoin addy and go ahead and send my coin there. Not the addy I pasted it there no errors, just cya later. Seems kinda fucked when you can accidently send your wallet away by a typo. SO i post in their forums and they tell me this cant be fixed.

So apparently translating bad addies to someone elses addy is part of the client.


WHEN YOU PASTE AN IXCOIN ADDY INTO THE BITCOIN CLIENT, GUESS WHAT HAPPENS? IT GIVES YOU A FUCKING ERROR, LIKE IT IS SUPPOSED TO. IT DOESNT TRY TO TRANLSATE IT INTO SOMEONE ELSES BTC ADDY AND SEND YOUR COIN AWAY. IT GIVES YOU A FUCKING ERRROR MESSAGE THAT SAYS DONT SEND YOUR COINS.


Yeah it was my fault, but their software is a buggy POS, and somehow they actually changed the BTC code to make this normal behavior. This is one of the many reasons I call this scamcoin.
sr. member
Activity: 253
Merit: 250
August 13, 2011, 11:43:31 PM
Which means to get a Bitcoin block is 115.28 times more difficult

And if we go strictly by that ratio to arrive at a ballpark valuation, 1 Ixcoin is equivalent to roughly .00869565 BTC.  That's why I picked up a few thousand this morning at .0041'ish Smiley  I just hope I didn't just shoot myself in the foot...

So if this Ixcoin thing ends up behaving anything like Namecoin with regard to difficulty ratio based value (which it has so far), then the next difficulty bump will put an Ixcoin into the .036XXXXX BTC range. 
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
August 13, 2011, 11:18:17 PM
So if you mine at 1Gh/s (and difficulty is currently 16384) - 19hr 32min 49.818sec per block (statistical average of course)

Bitcoin at 1Gh/s (and difficulty IS 1888786.7053531) - 93days 21hr 26min 40.914sec per block average

.
.
.

Which means to get a Bitcoin block is 115.28 times more difficult

Use 96 and 50 to work out the value Smiley
full member
Activity: 196
Merit: 100
August 13, 2011, 10:42:06 PM
16384
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
August 13, 2011, 06:38:43 PM
Anyone know how to calculate how long it would take to solo mine IXCoin solo @ the current difficulty?
Same way you calculate it for a Bitcoin block.
But you need to know the current actual difficulty.
legendary
Activity: 1022
Merit: 1001
August 13, 2011, 06:34:21 PM
Anyone know how to calculate how long it would take to solo mine IXCoin solo @ the current difficulty?
legendary
Activity: 1022
Merit: 1001
August 13, 2011, 06:21:07 PM
I find it interesting that if you search the term 'ixcoin' on this forum it finds not matching results yet an hour ago it worked fine and found lots of results?

It is call "forum censorship". The bitcoin early adopters don't like ixcoin for the most part because it is a competing block chain.

Yea I figured as much. Just thought I would throw it out there..

And although I was a bit cynical of IXCoin I'm now mining them. I find this new currency quite interesting for some reason. IMO it has a number of advantages over Bitcoin. Though I do believe Bitcoin will remain the most popular digital currency for some time I like the analogy of Bitcoin as gold and IXCoin as silver. I also like how the 2 currencies can be traded for each other across the exchanges (and the transfers are FAST Smiley).

As a side note, I am also becoming a bit concerned about the level of 'control' a few individuals seem to have over Bitcoin. Theres the early adopters that obviously determine the price of Bitcoin (no central control?) and things such as forum censorship (early adopters also?), and the fact Bitcoin is WAY over-valued at the moment. IMO in a free market, price is determined by the market, but I'm not sure the market is being allowed to do that in this case. The problem may be that the market (in the case of Bitcoin & at least for now) is largely controlled by those that hold the coins, and so price is determined by a select few. Anyway I think having 2 or even 3 'main' digital currencies is a good thing. Long live IXCoin.

legendary
Activity: 3080
Merit: 1080
August 13, 2011, 03:15:55 PM
why does the client connect to an irc channel? what need would my wallet have to be on an irc channel?
bitcoin doesnt do that as far as I can see.

Perhaps this is why av software flag it as a trojan.

Your wallet is NOT on an irc channel. It's the method it uses to bootstrap itself on to the network. Bitcoin does the same, but it also uses a DNS based scheme.
sr. member
Activity: 476
Merit: 250
moOo
August 13, 2011, 03:14:07 PM
why does the client connect to an irc channel? what need would my wallet have to be on an irc channel?
bitcoin doesnt do that as far as I can see.

Perhaps this is why av software flag it as a trojan.
legendary
Activity: 1708
Merit: 1020
August 13, 2011, 02:39:05 PM
but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045

maybe not for long - the next difficulty jump may freeze ixcoin

check out the new version of my profitability calculator at http://bitcoinx.com/profit - it is easy now to calculate the mining factor and compare forks
hero member
Activity: 742
Merit: 500
August 13, 2011, 01:08:03 PM
but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045

Yep! My calculations are based on what the price should look like with an "instant" difficulty calculation as opposed to actual difficulty. As with NMC it's more profitable to mine right now because the difficulty is "incorrectly low" relative to actual interest in the currency. Instantaneous difficulty calculations are basically just a measure of interest and interest drives the price. Difficulty and price are both driven by the same underlying force: how many people are interested in this currency? Difficulty lags price because price change in realtime while difficulty only changes every 2k blocks or so. The more interest, the higher the difficulty AND the higher the price.
sr. member
Activity: 306
Merit: 257
August 13, 2011, 01:06:45 PM
bitcoiner's attitude to ixcoin is similar to normal people's attitude to bitcoin )
sr. member
Activity: 306
Merit: 257
August 13, 2011, 01:01:42 PM
but mining ixcoin is still more profitable than mining bitcoin - exchange price 0.0060 is higher than difficulty price = 16384/1890000*50/96 = 0.0045
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