Announcing ZiftrCOIN Release - page 18.

ciocgun

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Quote from: FreeJack2k on April 22, 2015, 05:58:20 PM

Why wouldn't you give the coin time to get its legs under it, before deploying the payment platform to support it? I would think you'd want to make sure the protocol is rock solid and working, with a good network of miners behind it...because it's a core part of their plan and realistically, the only ones who want them to put a rush on it are the early adopters who want to see the price go up, and nothing more. They'll get it done, they'll do it right, and it'll work itself out. I swear, people in alt-coins have zero patience and almost no attention span, these days.

1st you develop a solid protocol for the payment platform
2nd you launch the coin and make the people mine and spread

not in the viceversa way

or maybe the time between phase 1 and must be fewer then 1 or 2 months

FreeJack2k

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Quote from: Wolf0 on April 22, 2015, 06:08:07 PM

I agree with you, but it's not got a good network of miners behind it, because people are leaving because they're impatient.

They come and go. All the GPU hashrate is owned by journeymen miners now...they chase profit. The network will only grow from here, when the coin has actual utility as a currency/coupon and the demand gradually starts to rise.

Mining isn't an activist or enthusiast pursuit the way it was, early on. It's about profit now. The network will take care of itself though, as Ziftrcoin gains in popularity/usage.

FreeJack2k

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Quote from: ciocgun on April 22, 2015, 02:06:35 PM

I agree your reply,
but if you don't provide the system described above by DEv and by you, it's just a coin like others.
You cnanot launch a coin and wait 3-4-5 months to improve your 1st declared functionality

Why wouldn't you give the coin time to get its legs under it, before deploying the payment platform to support it? I would think you'd want to make sure the protocol is rock solid and working, with a good network of miners behind it...because it's a core part of their plan and realistically, the only ones who want them to put a rush on it are the early adopters who want to see the price go up, and nothing more. They'll get it done, they'll do it right, and it'll work itself out. I swear, people in alt-coins have zero patience and almost no attention span, these days.

ciocgun

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Activity: 490

Merit: 250

Quote from: FreeJack2k on April 22, 2015, 12:45:45 PM

Quote from: ciocgun on April 22, 2015, 11:53:53 AM

Only the Dev could let us know the roadmap of the final distribution of Ziftrpay..
now ZRC is an unuseful coin as many other

There's a big difference, here. MOST coins are developed on a whim, because someone wanted their own coin to work on, or they thought some new tech change would be better, or whatever...but they ALL have to just sit and hope that someday, enough people will join in and start buying it that merchants will decide to let them use it to buy things. It's a RIDICULOUSLY hard hill to climb now, because the marketplace is over-saturated with new crypto-currencies and only a couple have gained any serious traction. The rest are scrambling for table scraps.

Ziftrcoin was developed as a part of a larger vision by a company that has the resources to execute on that vision...and give users a way to spend their coin. No other coin has these advantages. Its goals to start are not huge, they want to market Ziftrcoin as a "value add" to using Ziftrpay, giving the coin away as a "coupon" for people to use. This is a fantastic way to bootstrap a fledgling economy for the currency...giving it away, and giving it value at the same time.

I agree your reply,
but if you don't provide the system described above by DEv and by you, it's just a coin like others.
You cnanot launch a coin and wait 3-4-5 months to improve your 1st declared functionality

FreeJack2k

full member

Activity: 205

Merit: 100

Quote from: ciocgun on April 22, 2015, 11:53:53 AM

Only the Dev could let us know the roadmap of the final distribution of Ziftrpay..
now ZRC is an unuseful coin as many other

There's a big difference, here. MOST coins are developed on a whim, because someone wanted their own coin to work on, or they thought some new tech change would be better, or whatever...but they ALL have to just sit and hope that someday, enough people will join in and start buying it that merchants will decide to let them use it to buy things. It's a RIDICULOUSLY hard hill to climb now, because the marketplace is over-saturated with new crypto-currencies and only a couple have gained any serious traction. The rest are scrambling for table scraps.

Ziftrcoin was developed as a part of a larger vision by a company that has the resources to execute on that vision...and give users a way to spend their coin. No other coin has these advantages. Its goals to start are not huge, they want to market Ziftrcoin as a "value add" to using Ziftrpay, giving the coin away as a "coupon" for people to use. This is a fantastic way to bootstrap a fledgling economy for the currency...giving it away, and giving it value at the same time.

Wolf0

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Activity: 81

Merit: 1002

It was only the wind.

Quote from: jsamul on April 16, 2015, 03:35:47 AM

Quote from: StephenMorse on April 15, 2015, 08:45:34 AM

Quote from: jsamul on April 13, 2015, 09:52:59 AM

hi, you have probably missed the "solomine" in my message, right? Wink

i switch to solomine in the wallet mining tab, select gpus and start mining, after 12 hrs there is several accepted shares, which means i have found some blocks, but there is no rewards for those blocks.
how sad...

nvm i have switched to pool now until this is solved.

Yes, I did! I think I know the issue, you need to put 'usepok=0' in your config file. Your GPUs were probably mining with work with the PoK bit set, but doing work without PoK (proof of knowledge).

so, with usepok=0 the solomining works.
maybe i got that switch wrong.
can someone please explain to me what it really does and when i should use it?

PoK hashing hasn't been implemented in any existing miners that I know of.

ciocgun

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Activity: 490

Merit: 250

Quote from: FreeJack2k on April 18, 2015, 06:01:57 PM

Quote from: jsamul on April 18, 2015, 03:40:34 PM

Quote from: coinmaster222 on April 17, 2015, 07:01:15 AM

I know Ziftrpay in the jewel in the crown but something has to be done to boost the coin value before it hits zero

if it hits zero, i will buy all of them

sad it can only go to 1satoshi at worst case.
anyhow even 1satoshi for $1 is a great price

Same, because it's like buying $1 coupons for pennies. I will just make sure I buy everything I can via Ziftrpay, then.

Only the Dev could let us know the roadmap of the final distribution of Ziftrpay..
now ZRC is an unuseful coin as many other

jsamul

sr. member

Activity: 300

Merit: 250

Quote from: yudhistira on April 20, 2015, 11:48:31 AM

what is the most profitable alt coin right now

everyone stop mining zr5

where are you guys

well if you seek profit "right now", start trading.
mining is "future" profit, if you choose the right coin, just like it was when BTC started and only few ppl knew about it.
there is no big profit in mining BTC anymore, you can do bigger profit by trading BTC.
keep in mind that lower the ZRC network hashpower is, bigger daily rewards you get.
there is a bright future of ZRC ahead, you need to stack up a lot of ZRC for it Wink

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: jsamul on April 15, 2015, 04:16:55 PM

Quote from: StephenMorse on April 15, 2015, 08:45:34 AM

Quote from: jsamul on April 13, 2015, 09:52:59 AM

hi, you have probably missed the "solomine" in my message, right? Wink

i switch to solomine in the wallet mining tab, select gpus and start mining, after 12 hrs there is several accepted shares, which means i have found some blocks, but there is no rewards for those blocks.
how sad...

nvm i have switched to pool now until this is solved.

Yes, I did! I think I know the issue, you need to put 'usepok=0' in your config file. Your GPUs were probably mining with work with the PoK bit set, but doing work without PoK (proof of knowledge).

should not that add 5% bonus to the rewards?
nvm... will try with 0 now...
so i have solved several blocks and the rewards are lost?

There were no rewards, because the blocks weren't actually solved.

yudhistira

full member

Activity: 347

Merit: 100

what is the most profitable alt coin right now

everyone stop mining zr5

where are you guys

FreeJack2k

full member

Activity: 205

Merit: 100

Quote from: jsamul on April 18, 2015, 03:40:34 PM

Quote from: coinmaster222 on April 17, 2015, 07:01:15 AM

I know Ziftrpay in the jewel in the crown but something has to be done to boost the coin value before it hits zero

if it hits zero, i will buy all of them

sad it can only go to 1satoshi at worst case.
anyhow even 1satoshi for $1 is a great price

Same, because it's like buying $1 coupons for pennies. I will just make sure I buy everything I can via Ziftrpay, then.

jsamul

sr. member

Activity: 300

Merit: 250

less miners bigger profit

i got 11 blocks in last 24hrs with my poor 5MHs mining rig Tongue

jsamul

sr. member

Activity: 300

Merit: 250

Quote from: coinmaster222 on April 17, 2015, 07:01:15 AM

I know Ziftrpay in the jewel in the crown but something has to be done to boost the coin value before it hits zero

if it hits zero, i will buy all of them

sad it can only go to 1satoshi at worst case.
anyhow even 1satoshi for $1 is a great price

jsamul

sr. member

Activity: 300

Merit: 250

Quote from: bitspill on April 18, 2015, 01:40:55 PM

Quote from: yudhistira on April 18, 2015, 01:34:05 PM

[2015-04-19 00:30:49] json_rpc_call failed, retry after 30 seconds
[2015-04-19 00:31:40] HTTP request failed: Failed to connect to zrc.maxminers.ne
t port 3331: Timed out

whas wrong with cpuminer

There's nothing wrong with cpuminer, what's wrong is the pool url you inputted... https://zrc.maxminers.neT

well the pool address continues on the next line "t port 3331: Timed out" Wink

but you are right about the cpuminer, there is nothing wrong with it, it is the pool, even if the address is correct...

bitspill

legendary

Activity: 2087

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Quote from: yudhistira on April 18, 2015, 01:34:05 PM

[2015-04-19 00:30:49] json_rpc_call failed, retry after 30 seconds
[2015-04-19 00:31:40] HTTP request failed: Failed to connect to zrc.maxminers.ne
t port 3331: Timed out

whas wrong with cpuminer

There's nothing wrong with cpuminer, what's wrong is the pool url you inputted... https://zrc.maxminers.neT

yudhistira

full member

Activity: 347

Merit: 100

[2015-04-19 00:30:49] json_rpc_call failed, retry after 30 seconds
[2015-04-19 00:31:40] HTTP request failed: Failed to connect to zrc.maxminers.ne
t port 3331: Timed out

whas wrong with cpuminer

coinmaster222

hero member

Activity: 756

Merit: 500

I know Ziftrpay in the jewel in the crown but something has to be done to boost the coin value before it hits zero

PVmining

sr. member

Activity: 330

Merit: 252

Quote from: StephenMorse on April 16, 2015, 04:29:51 PM

I've written up a post about this on reddit, so I'll refer you to that Wink

http://www.reddit.com/r/ziftrCOIN/comments/2xlgsz/how_does_the_ziftrcoin_mining_algorithm_work/

The TL;DR is that you can mine while proving knowledge of the transactions that you are mining to get a 5% higher reward. As wolf0 pointed out, though, no miners currently support mining with PoK on (except for the CPU QT wallet miner, which is really slow).

Thanks for watching this thread.
As far as I know your post on reddit seems to explain how the wallet POK operates.
Some gpu miner dev's told me that its not helping as much for getting an external (gpu)miner working with POK.
There are some more nuts to crack. I wrote you yesterday a reddit msg about this point (have on reddit a different username - cheers Wink

jsamul

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Activity: 300

Merit: 250

Quote from: StephenMorse on April 16, 2015, 04:29:51 PM

Quote from: jsamul on April 16, 2015, 03:35:47 AM

Quote from: StephenMorse on April 15, 2015, 08:45:34 AM

Quote from: jsamul on April 13, 2015, 09:52:59 AM

hi, you have probably missed the "solomine" in my message, right? Wink

i switch to solomine in the wallet mining tab, select gpus and start mining, after 12 hrs there is several accepted shares, which means i have found some blocks, but there is no rewards for those blocks.
how sad...

nvm i have switched to pool now until this is solved.

Yes, I did! I think I know the issue, you need to put 'usepok=0' in your config file. Your GPUs were probably mining with work with the PoK bit set, but doing work without PoK (proof of knowledge).

so, with usepok=0 the solomining works.
maybe i got that switch wrong.
can someone please explain to me what it really does and when i should use it?

I've written up a post about this on reddit, so I'll refer you to that Wink

http://www.reddit.com/r/ziftrCOIN/comments/2xlgsz/how_does_the_ziftrcoin_mining_algorithm_work/

The TL;DR is that you can mine while proving knowledge of the transactions that you are mining to get a 5% higher reward. As wolf0 pointed out, though, no miners currently support mining with PoK on (except for the CPU QT wallet miner, which is really slow).

hope they will soon introduce new ccminer with PoK

StephenMorse

member

Activity: 88

Merit: 12

Quote from: jsamul on April 16, 2015, 03:35:47 AM

Quote from: StephenMorse on April 15, 2015, 08:45:34 AM

Quote from: jsamul on April 13, 2015, 09:52:59 AM

hi, you have probably missed the "solomine" in my message, right? Wink

i switch to solomine in the wallet mining tab, select gpus and start mining, after 12 hrs there is several accepted shares, which means i have found some blocks, but there is no rewards for those blocks.
how sad...

nvm i have switched to pool now until this is solved.

Yes, I did! I think I know the issue, you need to put 'usepok=0' in your config file. Your GPUs were probably mining with work with the PoK bit set, but doing work without PoK (proof of knowledge).

so, with usepok=0 the solomining works.
maybe i got that switch wrong.
can someone please explain to me what it really does and when i should use it?

I've written up a post about this on reddit, so I'll refer you to that Wink

http://www.reddit.com/r/ziftrCOIN/comments/2xlgsz/how_does_the_ziftrcoin_mining_algorithm_work/

The TL;DR is that you can mine while proving knowledge of the transactions that you are mining to get a 5% higher reward. As wolf0 pointed out, though, no miners currently support mining with PoK on (except for the CPU QT wallet miner, which is really slow).

Topic: Announcing ZiftrCOIN Release - page 18. (Read 106687 times)