Topic: [ANN][YAC] YACoin ongoing development - page 127. (Read 380091 times)

Nice to see someone elses calculations - I do mine a bit differently, but it relies on knowing the total network hashpower (which isn't always obvious) to calculate a percentage of the daily reward.  I will try this formula to see if what I get is much different that way.  My calculations using my formula actually came out with a different answer because I can get ~900 KH/sec on my combination of cards for LTC, but only 39 KH/sec for YAC (they're all low memory, and I get HW errors when I push them).

Fendlestick's coingas.com and his sextoys shop used to accept YAC so there must be some sort of implementation made already. Don't expect to get a fair price on the exchanges though and wach out for slippage.

Problem with this strategy is that if YAC/BTC or LTC/BTC moves a teeeeeensy weensy bit, you will get a different result. And they do tend to be very volatile.

In my experience it doesn't pay to switch horses unless you vigilantly monitor the rates and you are able to quickly get the YAC or LTC in hand to exchange it to BTC. This means constantly making small withdrawals from your mining pool, which frankly is too much bother for what it's worth (you're hit by withdrawal fees too).

Find a coin you like long term, and mine that wholeheartedly. For me it's been FTC for some time now, because it's consistently been in the top 5 and because of the availability of fast, reliable pools. However I always liked YAC and it is attractive now for the same reasons. Just not more so than many other alt coins.

-Michael

Haven't done the calculation in a while, would be nice to see how they compare currently. I'll compare profitability of mining YAC vs LTC on a 7950 with current prices/difficulty.

The magic value is 65546. It takes 65546 hashes to find a share of difficulty 1 (and therefore 65546*32 hashes to find a share of diff 32). Also cgminer reports the network difficulty as difficulty*65546.

LTC mining on a 7950 - Difficulty: 969 - Block Reward: 50 - Value: 0.02088 BTC/LTC

650 KH/s/(65.546 kH/share) = 9.92 shares/s (of difficulty 1)
blocks/s = (shares/s)/(difficulty*65546)
blocks/s = 9.92 shares/s/(969*65546)
= 1.56*10^-7 blocks/s = 0.01349 blocks/day
(0.01349 blocks/day)*(50 LTC/block) = 0.6747 LTC/day
= 0.0141 BTC/day

YAC mining on a 7950 - Difficulty: 0.109 - Block Reward: 36.12 - Value: 0.00008011 BTC/YAC

36 kH/s = 0.549 shares/s = 6.642 blocks/day = 239.9 YAC/day
= 0.01921 BTC/day

Well isn't that interesting, YAC wins. Redirecting the horses...

Come on sairon, cycloid.  I posted in that thread https://bitcointalksearch.org/topic/coinpaymentsnet-unbiased-unified-money-solution-multi-payment-procesing-276455 ... I think just the 3 of us posting would do the trick.  If you have stake in YACoin, we are in competition with the other currencies!

Looks like you're using wordpress, so maybe try https://coinpayments.net/ (but first they have to add support for YAC).
Try posting in this thread https://bitcointalksearch.org/topic/coinpaymentsnet-unbiased-unified-money-solution-multi-payment-procesing-276455 or sending them a PM/e-mail.

Ill accept YAC on Coincable.com if some one helps me out with coding it

Someone who can get us on this list? https://bitcointalksearch.org/topic/alt-coin-stores-and-services-list-273148
Maybe Bitcoin Megastore can start accepting YAC?

Good point, guess there was something done to fork it.

If there was a way, what would stop me from generating my PoS blocks with 1000000% rewards?

I think there is a way to do it with out hard fork, Novacoin did recently and got their POS to 53% which shot their price up to $6 per coin at some point. Now since btc is rocking its adjusting a bit, but I am sure we will see it at $6+ again, once btc stop the run and money comes back to alts in new fear of btc drop, as always.

I'm strongly against making any hardfork-requring changes to the YAC protocol. Just my two YaCents.

We should really move up the PoS minting rate up to 20-45% to encourage long term holding of a coin, with a steady decline each year say 5-10% minting decrease or proportional to speed of network. Annual set decrease is good and simple enough i think.

 This way even non miners will be holding this coin and helping us increase supply and circulation, while attracting more investors to either buy the coin or mine and hold it.

Implementing this strategy will surely allow this coin to survive for a few years which in this market could be do or die for most alts.

Think about it, as the adaptation grows and more and more ppl choose to hold due to potential ROI of PoW + PoS mint, the price will stabilize and as PoS slowly start to decrease over next few years, coins will start to circulate more with out massive dumps and produce a very good alternative coin to ltc.

I think this strategy could really help make this "an average man coin" since you will have ability to mine with cpu, if you cant buy and then hold and really build up holdings with out massive rigs, while mining with what you can and help the network. "Big" guys will be attracted to come in and buy up coin with renewed interest or mine it on larger scale as they see "an average man" making good ROI, which in turn will make average in to big.


My two Yacs

 Since we are still a small core group, I would like to suggest a vote on this and possibly a donation bounty to anyone capable of developing such a fork.

Our coin is 74k usd market cap at the moment on coinmarketcap.com and it is all due to dumping, which we need to address.

Would love to see what you all think ?

Copied from the voting thread so everyone is on the same page.

No hard-forks please.

I wouldn't agree on that completly:

Bitcoin mining is far bigger and there isn't such an risk (f.e. slippage,vola,...) for miners so profitability has to be far greater than for BTC or LTC to compete. I also don't see the current marketcap as "just adjusting" since that 60k panicdump pushed it into very dangerous waters for short. I'm glad that we got out of there so fast and the orderbook is finally somewhat in relation with the marketcap.

I really like that so many people are willing to invest not only time but also some hard earned cash on such a damm risky thing. If some you disagree on damm risky thing some you are definitively on the wrong train and will get disapointed. Maby not by YAC, but definitively in your other "safe" investments. This is no "get rich train" so don't get greedy.

Not that I'm aware of ... 0000000449020b4994e4a857004cf31e1021c7616cacdd7aacdfc42e5d3fdc5d

If it's a very small txt I don't think we should pay fees at all. Could I actually save fees by including massive transactions in my own PoS blocks?

I would be curious to know how you came up with that?  My 7850 can only muster 13KH/sec YAC, but does 380 KH/sec on scrypt, yet between my three varied cards, I was earning 260 YAC/day, but only 12-14 FTC day with the same setup (which shows slightly higher value on coinchoose.com).  Obviously, luck factors in a lot more in a single 24 hour period with FTC than YAC, but based solely on hash rate, I calculated out about 21 FTC/day with 1 MH at the current network hash rate.

I'm only getting ~30kh/s (gigabyte 7950). Any tips on settings that can get more?

That depends on your set up. For a 7950, you can currently get 36 kh/s, that's less profitable than LTC. Probably beats BTC though.

I agree with Bitcoin Megastore's points, never change a running system, unless it is necessary.
Yacoin sounds great too imo, I doubt more than 10% of the people holding YAC know what the abbreviation stands for.