[ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools - page 38.

Jimmy2011

hero member

Activity: 589

Merit: 500

Quote from: ArtForz on August 22, 2011, 08:21:11 PM

Quote from: Zonyc on August 22, 2011, 06:58:23 PM

Oh i see. Excellent explanation. Thanks again

So it seems with my 2 GH/s i make slightly more mining solidcoins if the price is 0.0017 BTC/SC. I guess I'll wait 12 hours like you suggested and check it out then.

Err... No.
At the time of your post, SC difficulty was about 2700

(2.7k/32)/(1807k/50) = 0.00233467

that's what btc/sc would have to be to end up +-0.

at 0.0017btc/sc, you're making roughly 30% less mining SC.

Is this evaluation ok?
Does it have no correlation with about 32SC ~ 3min and 50BTC ~ 10min ?

kernelpanic

newbie

Activity: 51

Merit: 0

Blog post regarding SolidCoin:

http://kernelpanic1969.wordpress.com/

scNqsZbmWRQYyjiXHvaApNW72FXmwfLZPV

Thanks!

Zonyc

newbie

Activity: 26

Merit: 0

Quote from: ArtForz on August 22, 2011, 08:21:11 PM

Quote from: Zonyc on August 22, 2011, 06:58:23 PM

Oh i see. Excellent explanation. Thanks again

So it seems with my 2 GH/s i make slightly more mining solidcoins if the price is 0.0017 BTC/SC. I guess I'll wait 12 hours like you suggested and check it out then.

Err... No.
At the time of your post, SC difficulty was about 2700

(2.7k/32)/(1807k/50) = 0.00233467

that's what btc/sc would have to be to end up +-0.

at 0.0017btc/sc, you're making roughly 30% less mining SC.

Thanks

. Ive been mining BTC since my last post.

Was SC actually > 0.00233467 for any significant period of time?

ArtForz

sr. member

Activity: 406

Merit: 257

Quote from: Zonyc on August 22, 2011, 06:58:23 PM

Oh i see. Excellent explanation. Thanks again

So it seems with my 2 GH/s i make slightly more mining solidcoins if the price is 0.0017 BTC/SC. I guess I'll wait 12 hours like you suggested and check it out then.

Err... No.
At the time of your post, SC difficulty was about 2700

(2.7k/32)/(1807k/50) = 0.00233467

that's what btc/sc would have to be to end up +-0.

at 0.0017btc/sc, you're making roughly 30% less mining SC.

opticbit

hero member

Activity: 695

Merit: 502

PGP: 6EBEBCE1E0507C38

Bounty claim

sbEMqCP2ztZFg8Qf9p9TGZmepDDJJV2wgD

http://twitter.com/#!/opticbit/status/105786479938252800

Zonyc

newbie

Activity: 26

Merit: 0

Quote from: smoothie on August 22, 2011, 06:56:30 PM

Quote from: Zonyc on August 22, 2011, 06:52:09 PM

Quote from: smoothie on August 22, 2011, 06:40:08 PM

Quote from: Zonyc on August 22, 2011, 06:35:23 PM

Quote from: smoothie on August 22, 2011, 05:58:36 PM

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

How did you determine that?

take the current difficulty and put it into the generic standard bitcoin generation calculator to find out how long it will take you on average to create a block of 32 solid coins. Then I took the number of solid coins that I would make in a day and multiplied it by the exchange value at scexchange.bitparking.com and found out that 4 GH/s would produce about 1.7 BTC which is less than I would make if I was mining at say deepbit.net.

There ya go!

I appreciate the info

how does the bitcoin calculator take into account the faster rate of block generation of solidcoin (20 blocks/hr) compared to bitcoin (6.79 blocks/hr)?

Keep in mind Gigahashes are Gigahashes. What makes blocks go faster in solidcoin is the structure of how difficulty adjusts. It is identical to bitcoin in terms of how many blocks are produced by how many gigahashes but they way difficulty recalculates and adjusts over time is another story.

Oh i see. Excellent explanation. Thanks again

So it seems with my 2 GH/s i make slightly more mining solidcoins if the price is 0.0017 BTC/SC. I guess I'll wait 12 hours like you suggested and check it out then.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Zonyc on August 22, 2011, 06:52:09 PM

Quote from: smoothie on August 22, 2011, 06:40:08 PM

Quote from: Zonyc on August 22, 2011, 06:35:23 PM

Quote from: smoothie on August 22, 2011, 05:58:36 PM

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

How did you determine that?

take the current difficulty and put it into the generic standard bitcoin generation calculator to find out how long it will take you on average to create a block of 32 solid coins. Then I took the number of solid coins that I would make in a day and multiplied it by the exchange value at scexchange.bitparking.com and found out that 4 GH/s would produce about 1.7 BTC which is less than I would make if I was mining at say deepbit.net.

There ya go!

I appreciate the info

how does the bitcoin calculator take into account the faster rate of block generation of solidcoin (20 blocks/hr) compared to bitcoin (6.79 blocks/hr)?

Keep in mind Gigahashes are Gigahashes. What makes blocks go faster in solidcoin is the structure of how difficulty adjusts. It is identical to bitcoin in terms of how many blocks are produced by how many gigahashes but they way difficulty recalculates and adjusts over time is another story.

Zonyc

newbie

Activity: 26

Merit: 0

Quote from: smoothie on August 22, 2011, 06:40:08 PM

Quote from: Zonyc on August 22, 2011, 06:35:23 PM

Quote from: smoothie on August 22, 2011, 05:58:36 PM

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

How did you determine that?

take the current difficulty and put it into the generic standard bitcoin generation calculator to find out how long it will take you on average to create a block of 32 solid coins. Then I took the number of solid coins that I would make in a day and multiplied it by the exchange value at scexchange.bitparking.com and found out that 4 GH/s would produce about 1.7 BTC which is less than I would make if I was mining at say deepbit.net.

There ya go!

I appreciate the info

how does the bitcoin calculator take into account the faster rate of block generation of solidcoin (20 blocks/hr) compared to bitcoin (6.79 blocks/hr)?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Zonyc on August 22, 2011, 06:35:23 PM

Quote from: smoothie on August 22, 2011, 05:58:36 PM

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

How did you determine that?

take the current difficulty and put it into the generic standard bitcoin generation calculator to find out how long it will take you on average to create a block of 32 solid coins. Then I took the number of solid coins that I would make in a day and multiplied it by the exchange value at scexchange.bitparking.com and found out that 4 GH/s would produce about 1.7 BTC which is less than I would make if I was mining at say deepbit.net.

There ya go!

Zonyc

newbie

Activity: 26

Merit: 0

Quote from: smoothie on August 22, 2011, 05:58:36 PM

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

How did you determine that?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Looks like solidcoins are less profitable to mine currently than bitcoins. Wait 12 hours and repeat =).

dt14

newbie

Activity: 12

Merit: 0

Quote from: dub0matic on August 22, 2011, 05:31:34 PM

Quote from: dt14 on August 22, 2011, 05:22:44 PM

Does the Mac client exist?

I cant seem to download it

you might as well go back to bitcoin this coin will be dead in a day or so. these forks dont last more than a week anyways. you missed your payday

I got a decent enough share in less than 24 hrs. just figured should get coins to a client on my mac.

no need to hate.

dub0matic

full member

Activity: 182

Merit: 100

Quote from: dt14 on August 22, 2011, 05:22:44 PM

Does the Mac client exist?

I cant seem to download it

you might as well go back to bitcoin this coin will be dead in a day or so. these forks dont last more than a week anyways. you missed your payday

dt14

newbie

Activity: 12

Merit: 0

Does the Mac client exist?

I cant seem to download it

omar

jr. member

Activity: 37

Merit: 1

Quote from: twobits on August 22, 2011, 01:39:30 PM

Quote from: omar on August 22, 2011, 11:11:46 AM

Without any reference for the value of SolidCoin, I decided to value them at 1 USD. Since starting to accept SolidCoin yesterday, I've sold 4 Arimaa sets and 2 books. This was more than I was expecting, so maybe I've valued SC too high. Any suggestions on how to value a new currency when there is no exchange market to set the price.

CoinHunter, please add me to your bounty list of merchants accepting SolidCoin.

You probably have. I know I am ready to buy a set at that price! lol

I would price something to start with at 0.001 or so of a bitcoin probably. Then you can see how it is trading on one of the *coin to bitcoin exchanges and then base your price off of the right percent of your btc price.

The orders are flooding in now; I might run out of stock at this rate :-) I didn't realize there was already an exchange at https://scexchange.bitparking.com/ (should have paid more attention to the changes on the bounty page). I don't know why people are valuing SC so low (around .0013 per BTC now with BTC = 11 USD; so about 0.01 USD per SC). I've adjusted my price now to 1 SC = 0.1 USD, so I wouldn't be so far from the market, but still valuing them 10x the market.

gw4tt

full member

Activity: 126

Merit: 100

Quote from: Fletch on August 22, 2011, 02:57:32 PM

Quote from: dub0matic on August 22, 2011, 02:51:30 PM

well actually if you started at launch you wouldve got hella coins i made bout 12btc with my 840mh/s

I'm not so sure about that. I started at launch on i0coins and made practically nothing. It appears in order to grab a large chunk at launch you need either very fast cards (6990's) or very low latency. My three 5850's don't seem to cut it.

When i was mining IXCoin around launch, it did seem like my 6990 was pulling more blocks compared to my 5830's, but it could've just been variance.

Fletch

full member

Activity: 168

Merit: 100

I'll have a steak sandwich and a... steak sandwich

Quote from: dub0matic on August 22, 2011, 03:16:15 PM

well i0coins were different they launched at a huge pool(200gh/s) and when SoC launched there was only like 700mh/s at the pool it was a big difference. i mined about 10k SoC

In other words, I missed it by a few hours?

dub0matic

full member

Activity: 182

Merit: 100

Quote from: Fletch on August 22, 2011, 02:57:32 PM

Quote from: dub0matic on August 22, 2011, 02:51:30 PM

well actually if you started at launch you wouldve got hella coins i made bout 12btc with my 840mh/s

I'm not so sure about that. I started at launch on i0coins and made practically nothing. It appears in order to grab a large chunk at launch you need either very fast cards (6990's) or very low latency. My three 5850's don't seem to cut it.

well i0coins were different they launched at a huge pool(200gh/s) and when SoC launched there was only like 700mh/s at the pool it was a big difference. i mined about 10k SoC

hash

newbie

Activity: 27

Merit: 0

Quote from: goemon888 on August 22, 2011, 02:41:54 PM

my twitter bounty is invalid?

https://bitcointalksearch.org/topic/m.473299

I have the same question.

https://bitcointalksearch.org/topic/m.473179

thx.

Fletch

full member

Activity: 168

Merit: 100

I'll have a steak sandwich and a... steak sandwich

Quote from: dub0matic on August 22, 2011, 02:51:30 PM

well actually if you started at launch you wouldve got hella coins i made bout 12btc with my 840mh/s

I'm not so sure about that. I started at launch on i0coins and made practically nothing. It appears in order to grab a large chunk at launch you need either very fast cards (6990's) or very low latency. My three 5850's don't seem to cut it.

Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools - page 38. (Read 85500 times)