Topic: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) - page 17. (Read 133052 times)

Try to use "import_key YOUR_MINING_KEY" on the "cli_wallet". Then run "list_my_accounts" there. You should see whether you got anything. With this hashrate you should have catched a block in 12 hours. Also better add all the three seednodes in the config file. The first one doesn't seem to work always.

@Eclipse Crypto: Watch your tongue, a "great big mind". You are good at coding, and have good tech skills. That doesn't make you wiser or even smarter than many other people. I know that type of coders who think their competence in narrow tech field makes them so much more clever than everyone else. Typically that unhealthy attitude is cured with time and age.
Yes, I don't take all your words as god-given, and I never take anyone's words as they are. I prefer to read between the lines, think independently and make my own conclusions. And among others things, what I see here is a personal vendetta of a pissed-off guy. Look inside yourself, be honest with yourself, and you will see that too. Don't pretend to be scam-buster. If they let you mine all you wanted, all your scam-accusation activity would never even appear here.

Now - technically I agree to everything you told up to now. But I disagree with the interpretation and conclusions, which are affected by attitude and hence are not objective.

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@Everyone Else: lets forget about the ways this was done for a moment. The actual result is: the coin is premined currently, and concentrated in the hands of the devs, as all we actually expected. Basically this is the same situation LISK (or many other current ICO coins) had before actually doing the ICO. So why this is called scam, and all the rest - not? Just because of the details on how this was launched? To me its doesn't seem to be that important. Lets see what the devs are going to do with this further. That will define whether this is a scam or not.

I've been mining with this hashrate for 12 hours and still got nothing.. Any idea what I might be doing wrong? Am I mining?

What is the proper way of checking how much I earned? I run a cli_wallet, which connects to ./steemd --rpc-endpoint --seed-node="52.38.66.234:2001", but I always have to use --replay-blockchain, otherwise it gets outdated and doesn't sync automatically and if I want to check after some time, I need to restart the rpc-endpoint and replay the chain..

I don't think him expecting to mine on a fair playing field is requesting dominance.
Trust me when I tell you one person calling a project a scam can brand that project as a scam in the minds of the majority of this board.. if that person has evidence pointing to it being a scam.

When are the windows binaries being released?

@thereverseflash: thanks for taking the time to explain. Glad to make sure you are very serious about this project. So basically this is a kind of premined/ICO coin, done with a twist to avoid legal implications. Though I am not really happy with the miserable amount of information released at the beginning (which particularly lead me mine this rather in "on idle" mode), but well, I understand - you made the work, you want to get the appropriate reward.
The launch may seem to be unfair to some, but in fact it is not any worse than all those LISK/WAVE/etc ICOs. Maybe even better.

@cryptohunter: relaunch? Good joke. Want to get a bigger piece of the cake? I would also like a relaunch, that could let me mine this more seriously, but I doubt this is an option, as things were done exactly to the plan, as far as I understand. It seems to me, instead of relaunch, the dev soon will provide the windows binaries + another piece of info to further increase the interest.
And - it is branded a scam by one person only - mostly by personal reasons. With all the respect to eclipse_crypto, thats just a personal war, attempt of revenge for not letting him to get the dominance.

Network admin experience sounds like the right skill set for this.  I'll vote for steempty.

Because the network uses approval voting, we can vote for more than 19  witnesses and let everyone else decide which of our nominees actually are selected.

Our influence over the network will decrease over time, but during the bootstrap phase it beneficial.  

  

We would have preferred the premine + ICO route.  It would have been cleaner, lower risk (in terms of getting desired stake), etc.  Then we talked to lawyers and read the regulations and saw how Ripple was prosecuted.

Conclusion: premine + ICO could force us to register as MSB and cost hundreds of thousands of dollars. Furthermore, it would undermine the real use case for Steem.  ICO also carries
the risk of SEC violations.  I am not saying that a premine + ICO couldn't be done legally without becoming a MSB or violating SEC, I am merely stating that it is more challenging / risky.

Meanwhile Bitcoin, Litecoin, Dogecoin, and other mined coins appear to be accepted and explicitly accounted for in the regulations.  

When it comes to the law and regulations, how you do something is often more important than the result achieved.

So we released a coin with open code that fully documents the protocol for anyone willing to work for it and didn't mine anything before all information about the protocol was technically available to the public. In theory,
anyone could see the protocol and realize the new business opportunities it creates. There is no "insider" information when the protocol is open and anyone can build on it.  

Our only advantage is *information* about how we intend to use the platform. The irony is that there are legal risks in sharing information about what we intend to do for a
coin until after we have done it. That information could be interpreted as a promise that in turn would give the coin value derived from our future actions.  So we didn't promise anything, but we still
know what our plans are. End result, we valued the coin higher than anyone else.  We purchased it with our own miners. Speculators willing to take a risk competed with us even though they didn't
know exactly what we planned to do with the coin.

We also have learned from past experiences like ProtoShares that was used to launch BitShares. Invictus had intended to mine it and make money on the appreciation after BitShares
actually came out, but instead GPU miners and faster mining algorithms were developed within a week of launch. That left the BitShares team struggling for a solution. It is reasonable to
expect that anyone with a profiler and some programming skills could come up with a faster, more efficient, implementation of mining that we did. Higher performance could have been achieved
with just a hour of effort by a competent programmer.  

So, if you are OK with the concept of premine + ICO, and if you value having a development team funded by capital appreciation, and if you value having a team do the best it
can to insulate itself for burdensome regulations, then you can appreciate what was done with STEEM.  If you don't like 'games' then blame the government for their rules, don't blame the people who play by them.

It shouldn't be too hard to build Windows wallet for this, if you have fast enough Windows PC with some free space. Just no real incentive to do so. I have just one Win PC for instance, which could just add some more-or-less considerable hash to me, but not enough to make me bother with making this wallet.

BTW, I wouldn't be suprised if there are people who already built Win daemons, but keep them for themselves not to create competition for themselves, as compiled Win daemon will immediately skyrocket the difficulty. It looks like this particular coin is all about keeping info for themselves, noone really wants to share much - people follow Devs example

From the other hand, as the devs already got the dominant share they wanted to get, I would expect them to release win binaries soon.

thereverseflash still no plans for windows wallets

I'm running a couple mining instances now.  They seem to be working.  I'm not sure though.  Its been about 12 hours at ~4k hash rate and no STEEM balance yet. queue seems to always be around 92 and time to produce seems to jump around randomly always between 200 and 600 minutes.

I'm also interested in running a witness for STEEM. I've been an active witness for BitShares for the last 2 years and this project looks very interesting.  I'd be happy to dedicate my time to support it.

i want to try run steem witness node
a little about myself:

i work as system administrator,
mostly interested in useful POW and if it can work with crypto (can see from my signature)
been mining STEEM with my VPSs because it looked unique coin (i did not use my work servers - it would be both illegal and unfair)
i have accounts steempty and fmooo mining at the moment

I would be interested in running a witness node for steem.  I have been an active BTS witness for the last 2 years or so.

Is it safe to assume you were mining using that efficient version from the very beginning, just to give yourself another 33% advantage over the "regular" miners?

The answer is yes, most definitely...  . Information is money, isn't it, and you used it in so many ways... Wasn't it more honest to just premine this and make an ICO, instead of running all those 'games'?

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I mine this from the very beginning. But I am not going to ask anybody to let me run a 'witness' node.

@Eclipse Crypto, I was mining from the first hours on the initial network before the relaunch and I didn't notice any crashes - the network was pretty stable. thereverseflash has reported his seed node crashed but if you were already connected to the network it shouldn't had affected you. I think you either got on a fork or it's possible that you could mine a lot because the difficulty was very low the first day - I myself was able to mine on my laptop the first day much more than over the next few days after relaunch. So I think even if relaunch wasn't favorable for me personally it was a good thing for the system because more independent miners were able to participate - all we want right now is to grow the value of the STEEM we mined, it's better to have less stake in more valuable token than big stake in the token that has no value.

I'm interested in being a witness as well, but maybe the only way I can prove my support for this coin is that I have been mining it to a bunch of aliases for a few days. I have steemroller and stanleysteemer. I also have a bunch of coin names including ethereum, ripple, namecoin, and litecoin. I also have been mining a few ticker symbols like btc, eth, and bts. I can prove ownership of all these aliases and that they were created before the devs mentioned slots for witnesses.

I like a lot of things about bitshares, especially pegged currencies, so I'm excited about a bitshares-based coin. One thing I dislike is the potential for abuse with delegated PoS, although the bitshares model seems to address most of my concerns.

As my backposts indicate, I am especially displeased with the lisk delegated PoS model, where the initial distribution is based on an ICO, and each stakeholder can vote multiple times with their stake.

STEEM is interesting because it dispenses with PoS altogether, but not on the back of stakeholders. When I saw this idea of delegated PoW, I realized its importance and started mining.

I know my post history here at bitcointalk is somewhat limited, but I am mostly a lurker, except when I feel like I have something to say. You can see my account is fairly old, so I have been around long enough to know when something special pops up.

Very interesting.  I'm not gonna pretend that I quite understand what you are doing yet with the vesting, but I'll keep reading.  In the mean time its awesome to see another coin based on graphene.  Sexiest framework ever.  I am currently mining. 

I'd be happy to.

As many have, I joined the crypto world after the sudden increase in price and publicity a few years back now.  The latest project I've worked on in the crypto space is Synergy Cloud, a web based trading bot (similar to other basic bots out there) that allows users to trade across a few exchanges in reward for burning Synergy Coin.  I'm also very involved in the Coinbar project and spend a lot of time looking for new cryptos to get involved in and doing some trading here and there.     Professionally, I'm a project manager working for a large e-commerce company mainly focusing on machine learning.  I've got a good amount of hardware at my disposal and will continue to support the STEEM project. 

what is the actual reasoning behind not having windows binaries?

Is it that you have not been able to make them?

Is there anyone here that can make them?

Discussions are underway with two exchanges, on of which has committed to adding it and the other is investigating it.

do you plan to add this coin to exchange?