Topic: [ANN][XCN] Cryptonite - NEW Thread | 1st mini-blockchain coin | Bounties! - page 157. (Read 215807 times)

Hmm, PoC is interesting, too. But it fails to address the problem I'm trying to solve:
Whatever scarce resource we take for mining, sooner or later there will be one entity having most of it and therefore dominating the whole mining scene. PoC will lead to someone having MASSIVE datacenters full of old-fashioned mechanical hard drives - well at least it wouldn't use as much energy as PoW.
PoS is the same - whoever has the biggest share of money at one point generates most income. It's actually even worse because the rewards are completely independent of any contribution to the network (transaction processing).

My point was that instead of searching for a better scarce resource, we should take the incentive away which is leading to this concentration of resources in the first place, by changing the reward system. As long as there are rewards encouraging people to somehow get more of a share than others, there will be someone figuring out a way how to do it.

So instead, the new reward system would have to pay all participants in a predictable way based on useful contribution to the network. And the only actually useful contribution to the network is processing of new transactions, managing account databases and maybe acting as a block explorer - all of which doesn't use much resources at all. That's what it's about and that's what should be rewarded. So whoever helps with that processing, gets a reward proportional to created value in the network. And that proportion could just as well be the same number as every other participant gets, because just by being online and forwarding/processing transactions, he's helping the network.
This way, there will be no incentive for anyone to throw more resources into the game because there's nothing to gain for him - just as there wouldn't be any benefit for the network! Still, he would have an incentive to stay online and contribute because otherwise, he'll get nothing. This sort of mining should easily run in the background, using 1-2% of cpu time max. Same goes for network usage because there would suddenly be a lot more miners as there are now, simply because it has suddenly become cheap to run a miner. This would allow the network to grow and make the coin actually useable as real money.

I'm convinced that whichever coin ends up being "the one coin" for everybody to use, it would have to use a mining approach that somewhat resembles these ideas.

There is one downside to this approach though:
It wouldn't be possible any more to jump at a fresh alt coin and generate some quick buck with your high-spec mining gear. But for that, we have plenty of regular coins out there

edit: I might add that a hybrid PoS / Proof-of-Contribution (above) might also be good. I do like the idea of stakeholders being vested in the currency and therefore trying to keep harm from the system.

Hi pallas,

I just had a wallet crash (with txindex 1).
This is all I got out of it. I didn't attach my memdump, don't know whether it contains any wallet info.

http://www.yourfilelink.com/get.php?fid=1375952

Thank you for your quick reply.
Does ocminer know about the suprnova pool (trying to figure why you said to ask him)?

Not that I know of. It is usually done by putting the diff value into the worker or password fields in some way, but I believe it is not implemented into xcn.suprnova right now.
Maybe you could ask ocminer, cause it depends entirely on the pool.
Diff factor or divider is another thing, it just changes the way difficulty from the pool is used, but it doesn't affect its "absolute" value.

Hi Pallas.
Thank you.

I want to find out: is there is any way to set the diffculty (may using diff factor) either on djm's ccminer or this cpuminer, when mining on suprnova?

Thanks

NEW cpu miner compiled (from 1gh sources) for windows64 by hashgoal:
Cpuminer for windows

Finally, I found block, but there is an issue with nonce distribution across rigs - it seems, that they are brutforcing against the same nonces

Finally, I found block, but there is an issue with nonce distribution across rigs - it seems, that they are brutforcing against the same nonces

Thank you for your reply.

core clock is 875MHz and I set it on max.

It is an old architecture, also probably lower core clock (memclock matters very little).
When they will update to pascal based cards it might be interesting to try cloud gpu mining.

Hi Pallas, George and everyone here.

So I just got this free subscription on Azure. and I decided to whip up a instance with 4 K80 GPUs (2 per card).
It had 4992 cores, 5000MHz memspeed, and 480 GB/s bandwidth, 24GB video memory on each card.
I just wanted to determine what they will give.

But I am shocked I am getting less  than 24MH/s. Each GPU die is more powerful than a 1070 (in all the numbers), so I should have at least 40MH/s (even the worst 1070 here gave 10MH/s)

How can I optimise that? What I am not getting right?

The card is Compute 3.7 and I am using djm34 CUDA miner on Windows.

Thanks for all your help.

EDIT: OR does it have anything to do with setting the vardiff on Suprnova

any windows wersion of new wallet?

I don't think the djm34 version has this solomine fix:

https://github.com/pallas1/ccminer-m7-branch/commit/29e0784d5e5a9b649b4865828764c2dba399b8b5

[2017-06-26 19:43:38] accepted: 0/1 (0.00%), 132617 kh/s NO
[2017-06-26 19:43:38] accepted: 0/1 (0.00%), 132632 kh/s NO
[2017-06-26 19:43:38] accepted: 0/1 (0.00%), 132470 kh/s NO
[2017-06-26 19:43:38] accepted: 0/1 (0.00%), 130971 kh/s NO
[2017-06-26 19:43:38] accepted: 1/1 (100.00%), 131068 kh/s YES
[2017-06-26 19:43:38] accepted: 0/1 (0.00%), 132805 kh/s NO

Just 4 months, ten times the previous day, now at the bottom of the valley, through the XCN earned high profits