Topic: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record - page 151. (Read 685207 times)

the pool is closed source, but the miner is open source with a very permissive license - anyone is welcome to take the core I wrote and adapt it for solo mining (or you can use a00k's solo miner) or stratum.

I think that with the new b15 design, it might actually be easier to adapt than before, but it depends a little on how the destination codebase manages its threads.

I applaud all efforts of Garta and development of Riecoin.

As a developer myself this is one of the few threads I regularly read and one of the few coins I follow and believe to have serious long term life.

My only wish is that mining (solo mining vs. in a pool with closed source software) was at least 'possible' or within reach of an individual.

I tried running several large 'droplets' to mine riecoin for 48 hours last week and while I am no expert in configuration I hit not a single block.

Still it is easy enough to obtain on Mintpal (or other exchanges I imagine as well) and not very expensive.

this is true but can be somewhat overcome by the use of tor and other tools to obscure things....

some exchanges will not let you log on from a tor exit node however.....

Yup. But Implementation originate from imagination. Gatra did give some input on what is and isn't possible. He is doing the best he can with one person and is continuously looking to improve Riecoin.

ideas come easy as pie but doing the grind to make things happen and implement stuff isnt yo

The weakness with anonymity usually isn't in the blockchain or mixing anyway, it's at the conversion to/from fiat (for obvious reasons), as well as at the exchanges levels (since those have your email address and your ip address history).

Further reflection on the solutions to alleviate the need to always backup the wallet is the seed approach used by electrum

https://electrum.org/faq.html#seed

Basically all keys are generated from a single seed, so even if you lose your wallet.dat, all the keys can be re-generated at a later time if you stored a paper copy of the seed, you'll only lose account names and labels, but never the coins themselves.

Only downside is that keys are only as strong as the seed and the pseudo-rng, but that can be made hard enough to not be the weakest link.

coin mixing, annon ??

may want to read this ....

http://www.scribd.com/doc/227369807/Bitcoin-Coinjoin-Not-Anonymous-v01

Of course I'd love to see all of that, but realistically, there are always trade-offs and decisions to be made... here is what I think:

community of Dogecoin
- I don't know how to achieve this...

energy efficient like gridcoin
- I don't like gridcoin because it's centralized (on the owners of the BOINC projects), and I believe it's not actually energy efficient, since the power spent on BOINC projects does not actually help securing the blockchain. In this sense Riecoin is better: it's a distributed project for testing a mathematical problem (like those in BOINC) that also serves as a currency, and mining itself is the scientific computation! As a long term project I want to make it fold proteins too. It may not be possible to make the folding BE the securing of the blockchain, but at least it should be possible to do it in a decentralized way, where work verification is done by the nodes of the network and not by an external centralized entity. But this would probably call for a new coin, not RIC itself.

fun like Huntercoin
- sorry, but Huntercoin is too different to what we're doing here, I don't see how we could make it work together... but hey... prime constellations can be fun too

useful functions like Datacoin
- with the inclusion of OP_RETURN in v0.9.1, it's possible to easily store metadata on the blockchain. Only the tools to make it user-friendly would be needed.
That's nice, but I don't like it that in Datacoin every node has to store all the data and only the miners get the rewards. People interested in the scientific aspects of Riecoin may not be interested in dedicating a lot of disk space to store other people's junk. I'll try to think of a way to implement this where data is not on the blockchain, so only those who want to can dedicate their storage. And the fees you pay to store data would go to those actually holding your data, not to miners. So if you have storage capacity but not CPU power, you can "rent" your space. This could even work better than datacoin or using OP_RETURN because we wouldn't have the 1MB-per-block size limit: we could store files of any size. You would pay a monthly fee, and nodes that have your data would have to prove they still have it in order to receive the payments.

I have a lot of ideas but they require a lot of work. I wish I could dedicate myself to this 100% but I still have to pay my rent!

Sent 351.  Sorry it's not more.  Tx 9d77ea1f0e0921db6bf91758a1e202a56dfa3ff4e638b464001bd7a7a236b954
Expect another transaction in a week with probably 1000.  Have to go find that wallet.

thanks! it's in my signature: RByJXMhtRa2Jc2ix6sWoVRZq3kyK3zb8nY

Gatra, what's your RIC address?
I haven't been doing enough on the miner in the last month due to other stuff.
You deserve the dev fee from the mining more than I do for this period;  I'll ship it over.

I don't think we can implement all of it but some.

i like ur idea its a good vision but can we make it happen yo? lets go do it, this will be a good coin

I didn't even know we had this option. Excellent find!

diff 1593 -  still close to the long time low.
It's great time for starting your miner and make some money :
lower diff = higher return

Thank you for the explaination! ..but now i wonder about another thing

In order to check my passphrase i sent some micro payments ... so my adresse should have changed i guess but it didn't?

sorry for this questioning i just want to get a deeper understanding...i never used cryptocurrencies for paying something^^

Yes, though you can never (easily) be sure when a change address was needed, or how many spare change addresses you still had in your last backup (in case you just shutdown the client and backup wallet.dat), and also, I expect people to backup on a calendar schedule (every week, every month, every how-long-ago-did-i-back-that-up), and not based on an internal pool size value.

It's a bit counter-productive IMHO to claim high encryption and security, and have the wallet system be so dependent on regular backups. Each time you backup, you introduce a lot of risk of leaking the data or just messing up the backup, this goes both for regular and advanced users.

Consider that if cryptos become successful and long lasting, change addresses essentially mean you aren't allowed to mess your backup during the next decade or two... The current wallet system just isn't resilient enough for that.

Looking at static bitcoin addresses, it's likely a huge number of bitcoin wallets have been lost in just a few years already, and most those wallets were owned by geeks and enthusiasts.

If you enable advanced features in the riecoin-qt, when sending payments you can choose what addresses to send them from, and what to do with the change.  Normally, every time you send a payment, what's left at the addresses you sent from goes to a new unused address, but coin control gives you more control over it.

Can someone explain the Coin Control function? I am Noob   and don't understand a word