[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 171.

bitfreak!

legendary

Activity: 1536

Merit: 1000

electronic [r]evolution

Quote from: zxbball on July 29, 2014, 01:14:09 AM

how mach total coinsupply?

1.84 billion coins in total, half mined after 10 years.

One interesting aspect of the mini-blockchain scheme is that you can quickly check how many coins are left to mine because all block rewards are subtracted from the coinbase account. The address of the coinbase account is CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL and you can check the balance of the coinbase account like so:

listbalances 1 [\"CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL\"]

I checked it a few minutes ago and there were 1,843,923,137 XCN left to mine. You can calculate how many have been mined so far by subtracting the current balance from the starting balance. Since we have 64 bits of granularity and we use 10 decimal places, then the starting balance was about 1,844,674,407 XCN and the amount of coins mined so far is equal to:

1844674407 - 1843923137 = 751270

So 751k XCN mined so far if my math is correct.

catia

full member

Activity: 288

Merit: 105

Some new builds are up. http://gpile.it/mbc/

901 vintage has support for a standalone miner. The windows binary is included there. Source available at https://github.com/MiniblockchainProject/Minerd
Standalone should have pretty much the same performance as wallet miner.

There was a bug in older builds that over-reported hash rate by a factor of 2. So don't freak out and think it's slower. Same speed, correct number.

zxbball

sr. member

Activity: 311

Merit: 250

how mach total coinsupply?

provenceday

legendary

Activity: 1148

Merit: 1000

dev

how about list this on bittrex or poloniex?

also coinmarketcap?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: bitfreak! on July 28, 2014, 11:25:35 PM

Quote from: tacee on July 28, 2014, 10:11:16 PM

@Dev,please relaunch XCN

For the last and final time, we are not going to relaunch just because some Windows people missed an hour or two of early mining.

But you should relaunch because someone else mined more than I did.

bitfreak!

legendary

Activity: 1536

Merit: 1000

electronic [r]evolution

Quote from: tacee on July 28, 2014, 10:11:16 PM

@Dev,please relaunch XCN

For the last and final time, we are not going to relaunch just because some Windows people missed an hour or two of early mining. And it wasn't until like block 443 that the Windows people forked, so they didn't really miss out on the early mining anyway. Furthermore, if we did relaunch, the amount of energy wasted would be absolutely huge compared to the insignificant amount wasted by Windows miners.

tacee

sr. member

Activity: 386

Merit: 250

@Dev,please relaunch XCN

escapeX

full member

Activity: 191

Merit: 100

nice coin with high price....but i can mine nothing...

coinfusion

full member

Activity: 141

Merit: 100

Since Shinycoin started with only wallet mining, it had this exact same problem at launch: all the seed nodes were flooded with connections from AWS instances at the very start, so it was extremely difficult for anyone coming in late to sync up. I'm running the cryptonite dameon right now and ~80% of my connections are used up by Amazon addresses!! I'm going to modify my dameon to block EC2 network ranges right now. It would be interesting if a "CPU only" coin would launch with them blocked in the official verison............

edit: just firewalled it. Also noticed quite a few connections from okeanos.grnet.gr -- Academic research at its finest?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: bitfreak! on July 28, 2014, 08:46:28 PM

Everything in life is a fight over resources.

Yes but the extreme chaos of launches is easily avoided using the approach gmaxwell suggested to me (and I paraphrased above).

Slowly ramp up the rewards. The first day is always a cluster fuck. At best it is an honest cluster fuck, at worst we have some well known instamine scam coins.

Far better to simply reduce the value and significance of everything that happens very early.

CrazyLeoW

full member

Activity: 126

Merit: 100

XC

Quote from: wenjiannin on July 28, 2014, 11:13:10 AM

WTS 10K=1BTC PM ME

wenjiannin fucked his/her mother with mechanical tools.
Liar, shame on you.

bitfreak!

legendary

Activity: 1536

Merit: 1000

electronic [r]evolution

Quote from: Primitive on July 28, 2014, 07:54:49 PM

Quote from: othe on July 28, 2014, 07:50:50 PM

proof of work means, you do work and the more work you do the more you get paid. if someone does more work than you he gets paid more.
Nothing unfair about that.

of course technically you are right but...

come on... its a land grab and we all know it. the only "work" being recognized is from the privileged few who got organized with giant rigs, or aws, to get early coins. its not like they are securing a super active blockchain full of non-mining transactions. they are just mining the sh*t out of it, to sell it on exchanges to people like me who are going to mine 1 block every 2 weeks.

Everything in life is a fight over resources. And I'm in exactly the same boat as you, I only have a crappy laptop and a gaming pc. Granted the gaming setup is a bit of a beast, but since I can only CPU mine there's not much point trying with such a high difficulty. I either have to rent out mining rigs or buy XCN directly. In fact I'm looking to buy about 1 or 2 thousand XCN if anyone is selling. I might try out Bter, looks like a decent exchange. And for those people who think there's something suspicious about Bter adding XCN to their exchange, I didn't even know about it until just now. I've been asleep for the last 9 hours and when I returned I had multiple PM's from Bter saying they had added XCN to their exchange.

Primitive

hero member

Activity: 658

Merit: 500

Quote from: othe on July 28, 2014, 07:50:50 PM

proof of work means, you do work and the more work you do the more you get paid. if someone does more work than you he gets paid more.
Nothing unfair about that.

of course technically you are right but...

come on... its a land grab and we all know it. the only "work" being recognized is from the privileged few who got organized with giant rigs, or aws, to get early coins. its not like they are securing a super active blockchain full of non-mining transactions. they are just mining the sh*t out of it, to sell it on exchanges to people like me who are going to mine 1 block every 2 weeks.

othe

hero member

Activity: 532

Merit: 500

proof of work means, you do work and the more work you do the more you get paid. if someone does more work than you he gets paid more.
Nothing unfair about that.

Primitive

hero member

Activity: 658

Merit: 500

Quote from: earnabit on July 28, 2014, 07:45:44 PM

Quote from: Primitive on July 28, 2014, 06:51:00 PM

not much action in the sales thread so wanted to inquire here if anyone is selling. prices seem outrageous over at BTER. so if any miners want to do bulk deals, please send me a PM thanks

The prices are high because this isn't a typical pump and dump. Welcome to auto adjusting difficulties

only a select few can mine successfully. and now they will control the market. not sure if that's a good thing or a bad thing?

regular folks dont stand a chance of mining with their "CPU"

not going to stop me from buying, but this is almost less democratic than an IPO

earnabit

newbie

Activity: 56

Merit: 0

Quote from: Primitive on July 28, 2014, 06:51:00 PM

not much action in the sales thread so wanted to inquire here if anyone is selling. prices seem outrageous over at BTER. so if any miners want to do bulk deals, please send me a PM thanks

The prices are high because this isn't a typical pump and dump. Welcome to auto adjusting difficulties

Primitive

hero member

Activity: 658

Merit: 500

not much action in the sales thread so wanted to inquire here if anyone is selling. prices seem outrageous over at BTER. so if any miners want to do bulk deals, please send me a PM thanks

exciter0

member

Activity: 115

Merit: 10

Quote from: shojayxt on July 28, 2014, 06:04:45 PM

Because they didn't want everyone to be able to mine until they got all the low difficulty coins. It's just another way to instamine/premine while looking like you're not.

I don't think that was their intentions, on the contrary, I think catia offered an honest explanation already.
Wallet mining sucks, and you probably should stop mining (if not already) and channel your energy into buying some coins from an exchange.
Ask yourself this, how many new coins has gained this much interest from Monero devs?

I think Cryptonite has a bright future.

provenceday

legendary

Activity: 1148

Merit: 1000

hard to mine this coin! Shocked

shojayxt

legendary

Activity: 896

Merit: 1001

Quote from: exciter0 on July 28, 2014, 04:21:41 PM

Quote from: shojayxt on July 28, 2014, 04:06:28 PM

You're actually mining this shit?

Yes, I actually like this "shit". Grin

Unlike other new coins, devs are not hiding behind newbie accounts and they're genuinely helpful.

Had some luck and mined a few blocks last night, but I doubt I'll get anything today. Like many people here, sure I had problems with wallet, with linux source, etc... finally got it compiled in the end.

The thing I don't understand from the devs is why the precompiled linux binaries weren't statically linked so that people can grab and start mining right away?

Because they didn't want everyone to be able to mine until they got all the low difficulty coins. It's just another way to instamine/premine while looking like you're not.

Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 171. (Read 578501 times)