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.
Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools - page 40. (Read 85500 times)
August 22, 2011, 11:11:46 AM
August 22, 2011, 10:36:02 AM
I sent 100 SC's to scexchange.bitparking.com and the SC's definately left my wallet, but the transfers stays at 0/Unconfirmed. What does this mean?
Possibly that the block containing your transaction isn't yet in your sc wallet. Check it on sc block explorer at http://solidcoin.whmcr.co.uk/.
Did you check for the transaction on sc block explorer at http://solidcoin.whmcr.co.uk/ ?
August 22, 2011, 10:25:35 AM
I've cashed out buddies. Not bad for 12 hours of mining. 30 BTC..........
EDIT: I mean 32 BTC.
EDIT: I mean 32 BTC.
I think I've made 1/64th of that, only a piddly 800Mhash here/
August 22, 2011, 10:22:01 AM
I've cashed out buddies. Not bad for 12 hours of mining. 30 BTC..........
EDIT: I mean 32 BTC.
EDIT: I mean 32 BTC.
I think I've made 1/64th of that, only a piddly 800Mhash here/
August 22, 2011, 09:25:43 AM
Quick question. Can a bitcoin private key be used to generate a Solidcoin address; are these addresses just a different first byte with the usual public key hash + error check code?
NO/YES
To the NO answer. Why not? What would happen if I tried?
To the YES answer. Unless Bitcoin and Solidcoin use non intersecting subsets of the private keys, doesn't this contradict the NO answer?
Another quick question. How do we change the transaction fee amount?
August 22, 2011, 09:20:22 AM
Twitter Bounty
http://twitter.com/#!/spndr7/status/105487486301634560
Receiving address- sLAQwEHkMseYn395wW5EZnNYhityoJTS8d
http://twitter.com/#!/spndr7/status/105487486301634560
Receiving address- sLAQwEHkMseYn395wW5EZnNYhityoJTS8d
100 SC Bounty received. Thanks.
August 22, 2011, 08:48:51 AM
Still, why not merged mining?
People worry that tying a currency to bitcoin via merged mining might be bad for the new currency. It will essentially be produced 'for free' by miners, have an excess of supply, and be valued appropriately. I think that they will be valued more because of its greater security.
They're not mined for free, the mining costs must be shared between the value of bitcoin and newcoin. If the newcoin ends up being valuable, the difficulty will rise.
The only reason why you should not use merged mining is to maintain the difficulty lower, which doesn't makes much sense IMO.
August 22, 2011, 08:44:50 AM
Still, why not merged mining?
People worry that tying a currency to bitcoin via merged mining might be bad for the new currency. It will essentially be produced 'for free' by miners, have an excess of supply, and be valued appropriately. August 22, 2011, 08:41:39 AM
Still, why not merged mining?
I'm no expert, but I didn't think merged mining was ready for primetime yet? As far as I know, it's only running with BTC/Namecoin and only on the testnet. August 22, 2011, 08:35:44 AM
Why all this new currencies don't have merged mining?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
No, the purpose is to hype it, then cash out and let the project die off.
Not in SolidCoin's case, at least that wasn't my intention as the developer. I have only been able to mine 2600 or so coins since the public start using 600MH. So yes if I cashed out now I would make some BTC, but I also would have made BTC mining BTC, so it's nearly a zero sum game there. I have actively tried to get as many individual people holding SolidCoins rather than a few (Ixcoin/iocoin/etc), more so because I want as many people as possible to share that early wealth.
Over 15000 SC have gone to bounties, with more to come, all verified. I think with any new coin starting you're always going to have people trying to make some money by being an early adopter or whatever, there's no real way around that. Is it bad? It's up to people to decide, people seem to think it's fine many of the early BTC adopters are apparently rich.
But as to whether I will get rich of am trying to hype it to get rich, it's quite ridiculous. I already have enough money to live comfortably but I think the possibilities of being able to transfer funds around the world anonymously without centralization a goal worth my time . I just want a better network.
Still, why not merged mining?
August 22, 2011, 08:00:43 AM
Why all this new currencies don't have merged mining?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
No, the purpose is to hype it, then cash out and let the project die off.
Not in SolidCoin's case, at least that wasn't my intention as the developer. I have only been able to mine 2600 or so coins since the public start using 600MH. So yes if I cashed out now I would make some BTC, but I also would have made BTC mining BTC, so it's nearly a zero sum game there. I have actively tried to get as many individual people holding SolidCoins rather than a few (Ixcoin/iocoin/etc), more so because I want as many people as possible to share that early wealth.
Over 15000 SC have gone to bounties, with more to come, all verified. I think with any new coin starting you're always going to have people trying to make some money by being an early adopter or whatever, there's no real way around that. Is it bad? It's up to people to decide, people seem to think it's fine many of the early BTC adopters are apparently rich.
But as to whether I will get rich of am trying to hype it to get rich, it's quite ridiculous. I already have enough money to live comfortably but I think the possibilities of being able to transfer funds around the world anonymously without centralization a goal worth my time . I just want a better network.
Ok, so the whole bitcoin thing security is based on proof of work, how does your faster processing make it any better? Since more blocks != more work. You still 'need' the 'hour' of work.
I don't see how SolidCoin solves anything here.
Also, the static fee, how would that hold up if SolidCoin were to gain value? You release a new version with lower fees? Thats the same as BitCoin does now.
Only real issue addressed here is lowering the difficulty when masses of miners quit. Very usefull if SC remains very small. BitCoin has a lot of dedicated miners who don't quit just because the exchange price would drop low. If either currency were to drop to zero, both blockchains die.
August 22, 2011, 07:47:56 AM
Why all this new currencies don't have merged mining?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
No, the purpose is to hype it, then cash out and let the project die off.
Not in SolidCoin's case, at least that wasn't my intention as the developer. I have only been able to mine 2600 or so coins since the public start using 600MH. So yes if I cashed out now I would make some BTC, but I also would have made BTC mining BTC, so it's nearly a zero sum game there. I have actively tried to get as many individual people holding SolidCoins rather than a few (Ixcoin/iocoin/etc), more so because I want as many people as possible to share that early wealth.
Over 15000 SC have gone to bounties, with more to come, all verified. I think with any new coin starting you're always going to have people trying to make some money by being an early adopter or whatever, there's no real way around that. Is it bad? It's up to people to decide, people seem to think it's fine many of the early BTC adopters are apparently rich.
But as to whether I will get rich of am trying to hype it to get rich, it's quite ridiculous. I already have enough money to live comfortably but I think the possibilities of being able to transfer funds around the world anonymously without centralization a goal worth my time . I just want a better network.
August 22, 2011, 07:41:12 AM
Why all this new currencies don't have merged mining?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
No, the purpose is to hype it, then cash out and let the project die off.
August 22, 2011, 07:39:44 AM
Hi! I post a twit from my bitcoin account @bitcoin_ita [First 60 to post about SolidCoin on their blog/forum/twitter*]
https://twitter.com/#!/bitcoin_ita
https://twitter.com/#!/bitcoin_ita/status/105602571690971136
sVtJSFpQ13Ez5ri73Qypy24627QtE1exxn
Thanx ^_^
https://twitter.com/#!/bitcoin_ita
https://twitter.com/#!/bitcoin_ita/status/105602571690971136
sVtJSFpQ13Ez5ri73Qypy24627QtE1exxn
Thanx ^_^
August 22, 2011, 07:19:47 AM
Why all this new currencies don't have merged mining?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
It could be an interesting experiment before the namecoin chain changes its protocol.
Also they could have the same difficulty as bitcoin in little time !!
Or is the purpose of the currency to "steal" computing power from the bitcoin chain?
August 22, 2011, 05:59:46 AM
I am now mining on bitparking using cgminer difficulty is 1596.31273430
sorry for coming in late guys.
sorry for coming in late guys.
August 22, 2011, 05:04:39 AM
Tweeted: http://twitter.com/#!/suxforyou/status/105483981964845056
sNxQv4iUyEGL7tkWKmGvSJduzmnuciiMmQ
sNxQv4iUyEGL7tkWKmGvSJduzmnuciiMmQ
August 22, 2011, 04:50:25 AM
bounty for posting on forums：
http://bbs.seu.edu.cn/bbscon.php?bid=324&id=6106
maybe is the first one to post about SolidCoin in Chinese?
Receiving address:
sKweTsaUezyrFNuxGEQZbSsbH1tv6fZd8D
thanks.
http://bbs.seu.edu.cn/bbscon.php?bid=324&id=6106
maybe is the first one to post about SolidCoin in Chinese?
Receiving address:
sKweTsaUezyrFNuxGEQZbSsbH1tv6fZd8D
thanks.
August 22, 2011, 03:40:50 AM
I sent 100 SC's to scexchange.bitparking.com and the SC's definately left my wallet, but the transfers stays at 0/Unconfirmed. What does this mean?
Possibly that the block containing your transaction isn't yet in your sc wallet. Check it on sc block explorer at http://solidcoin.whmcr.co.uk/.
Did you check for the transaction on sc block explorer at http://solidcoin.whmcr.co.uk/ ?
August 22, 2011, 02:50:05 AM
I sent 100 SC's to scexchange.bitparking.com and the SC's definately left my wallet, but the transfers stays at 0/Unconfirmed. What does this mean?
Possibly that the block containing your transaction isn't yet in your sc wallet. Check it on sc block explorer at http://solidcoin.whmcr.co.uk/.
Try deleting all the blocks in your data directory and download them again. Make sure you backup wallet.dat .
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