[ANN][YAC] YACoin ongoing development - page 152.

mberg2007

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Quote from: sairon on June 10, 2013, 10:57:21 AM

Well, first we need a much wider Bitcoin adoption... IMHO alternative cryptocurrencies are just for the "community", to test new features and come up with possible improvements for some "new" (read: widely-adopted) cryptocurrency (or become one).

For me, the value of YAC is its innovation.

And have any of these alt coins managed to achieve such improvements? Unfortunatley, no. Their technological achievements are negligible - mostly stabs at shorter transaction times and (in vain) preventing concentrated mining efforts by using different hashing algorithms.

Once all YACoin have been mined, it will be functionally identical to LTC, FTC and BTC for that matter. The only exception is the faster transaction time, which comes at the expense of security.

Quote from: sairon on June 10, 2013, 10:57:21 AM

Like it or not, speculators are driving the Bitcoin market forward. This is a truly free market after all. And as there's no effective way of short-selling Bitcoin, all they can do is force the price to rise.

I don't understand what you mean. Don't miners sell their BTC for USD? This will drive the price down. You can also short sell Bitcoin by selling futures contracts on sites like icbit.se.

But apart from that I disagree that Bitcoin is being driven by speculators. BTC is a widely accepted form of currency, and it has a thriving market. There are very things that cannot be purchased with BTC, unlike the alts which have no commercial support whatsoever. Frankly I don't see why they should have.

- Michael

YacLives

newbie

Activity: 56

Merit: 0

Quote from: amytheplanarshift on June 11, 2013, 02:20:28 AM

Quote from: YacLives on June 10, 2013, 08:48:22 PM

Gday all i just want to introduce myself

Welcome aboard! I'm new too but also been lurking since the beginning. Good job promoting in the newbie forum. I still 100% believe YAC is the best coin around right now, we just need some more community action and promotion to get more adoption. I think it's crucial for YAC to have more users mining because we don't want to risk a 51% attack like FTC and other coins in the past. Botnets and GPU farms are still a major threat right now, and to combat that we need as many individuals mining as possible.

Thanks alot, and i think its just a matter of not being even 60% sure of what will happen in even 6 months time with the way we hash it/secure it

so untill it becomes a bit clearer to certain people that support YAC

we need to just sit tight and keep supporting the infrastructure which is the software devs to build that solid foundation to launch its primary uses i guess and focus

but i could be wrong its just my thought

i came out because i saw some people reach out out to get a feel for who else is still interested in the dev of YAC

so its good to see you come out also

so my thoughts are once we get a better feeling for whats in the near future for this coin and its engine

we will have a better sense on how to manage the coin and where we can take it

and untill then people will continue to sit on the sidelines but im sure many are watching it

amytheplanarshift

hero member

Activity: 588

Merit: 500

Quote from: YacLives on June 10, 2013, 08:48:22 PM

Gday all i just want to introduce myself

Welcome aboard! I'm new too but also been lurking since the beginning. Good job promoting in the newbie forum. I still 100% believe YAC is the best coin around right now, we just need some more community action and promotion to get more adoption. I think it's crucial for YAC to have more users mining because we don't want to risk a 51% attack like FTC and other coins in the past. Botnets and GPU farms are still a major threat right now, and to combat that we need as many individuals mining as possible.

EDIT:
Of course, I am forgetting about POS which we are starting to get some blocks of now, so I think a 51% attack is less likely, but still... more hashrate is always welcome. Also I think maybe you might be better off posting that newbie guide in this forum rather than on the newbies forum because it will just fall off the radar there in an instant due to the high volume of new posts there. What does everyone else think?

YacLives

newbie

Activity: 56

Merit: 0

Gday all i just want to introduce myself i am but a lowly small miner but however have been watching this thread and YAC

from the beginning i made a thread in the newbie section consolidating all of our current software and links to those

https://bitcointalksearch.org/topic/yacoin-info-and-communication-thread-for-newbies-yac-the-cpugpu-mined-coin-231455

and one at the official YACoin forum http://yacointalk.com/index.php/topic,275.0.html

you are welcome to monitor it and keep it bumped or direct people towards it as ill keep it updated im here everyday

P2pool node here that supports the official forum http://pool.yacointalk.com:8336

also ive been really interested in what the techheads here think or speculate of how spintronics will effect YAC in the future

and if anyone feels like setting something up to promote YAC in some way when we finnaly find out how GPUs' will effect YAC
in the near future im always open to help out in anyway i can

bitdwarf

sr. member

Activity: 406

Merit: 250

The cryptocoin watcher

My first address was an X too (not that one). It worked so I didn't think much about it, just created new ones and used them instead.

wetroof

member

Activity: 75

Merit: 10

this is a strange YAC address. or is there more that start with X's. and why?

http://yacexplorer.tk/address/Xz7bAZ4ME8AqeLSptV1jKcm29giyVwoFkz

Xz7bAZ4ME8AqeLSptV1jKcm29giyVwoFkz

bitdwarf

sr. member

Activity: 406

Merit: 250

The cryptocoin watcher

For Linux users: Press Ctrl+Shift+u, then type 024E

Sahtor

member

Activity: 112

Merit: 10

YAC currency symbol BBCode plugin released for SMF forums:
http://yacoin.sahtor.net/post/2013/06/10/SMF-BBCode-for-Yacoin-currency-symbol

Its in use in Yacointalk.com

sairon

sr. member

Activity: 406

Merit: 250

One does not simply mine Bitcoins

Quote from: mberg2007 on June 10, 2013, 07:16:14 AM

Quote from: sairon on June 10, 2013, 05:41:37 AM

Quote from: mberg2007 on June 10, 2013, 05:37:20 AM

If you first have to exchange your YAC into CDN or USD, and then withdraw that money from the exchange, it will be highly impractical and completely unfeasible for small purchases.

Having a place to spend your YAC directly will increase its usefulness a great deal.

-Michael

I think we have bigger problems right now.

Is that a fact? I actually think the biggest problem for YAC (and many other alts) is the fact that you can't spend them on anything. Their only value comes from the exchange rate with some fiat currency. These currencies are naked with no substance to them, which makes them a speculative instrument at best.

If you could take 100 YAC and buy a meal at McDonalds, people would mine them for other reasons than to exchange them to USD. Some people might want their salaries paid in YAC rather than USD. And people with YAC in their pockets will create a demand for merchants to support YAC spending, which is the ONLY thing that will sustain a currency in the long run.

If YAC is irrelevant as a long term currency, then whatever problems "we have right now" are in reality also pretty irrelevant.

- Michael

Well, first we need a much wider Bitcoin adoption... IMHO alternative cryptocurrencies are just for the "community", to test new features and come up with possible improvements for some "new" (read: widely-adopted) cryptocurrency (or become one). For me, the value of YAC is its innovation. And as far as the speculation goes - well, just look at some Bitcoin exchange rate charts. Wink

Like it or not, speculators are driving the Bitcoin market forward. This is a truly free market after all. And as there's no effective way of short-selling Bitcoin, all they can do is force the price to rise.

Seriously, you can't demand that everyone suddendly starts accepting a *coin that has been around only a month. Did your granny hear of Bitcoin? Maybe. Litecoin? Highly unlikely.

Quote from: mnx on June 10, 2013, 10:16:46 AM

Is anyone else having problems sending coins?

I've done all my mining on p2pool, and I can't create a transaction larger than 30 YAC. (I have 294 YAC in my wallet currently). ANything larger and is says failed to create transaction. When I try to send 30 YAC, it says I need to pay a transaction fee of 41 YAC!!!!!

Any way to get this fixed?
Thanks!

You have too many of too little inputs from p2pool mining. Every input is some 200 bytes on average when you try to send it, and also you pay fee for every single kB of transaction and the space in one block is pretty limited, so it might have just happened that you exceeded it.

mnx

newbie

Activity: 51

Merit: 0

Is anyone else having problems sending coins?

I've done all my mining on p2pool, and I can't create a transaction larger than 30 YAC. (I have 294 YAC in my wallet currently). ANything larger and is says failed to create transaction. When I try to send 30 YAC, it says I need to pay a transaction fee of 41 YAC!!!!!

Any way to get this fixed?

Thanks!

Thirtybird

hero member

Activity: 693

Merit: 500

Quote from: ?? on ??

Quote from: mberg2007 on June 10, 2013, 07:16:14 AM

I actually think the biggest problem for YAC (and many other alts) is the fact that you can't spend them on anything. Their only value comes from the exchange rate with some fiat currency. These currencies are naked with no substance to them, which makes them a speculative instrument at best.

+1

But even bigger problem is that there is nothing one can buy with YAC only. Such deal would create at least some non-speculation-oriented demand
for YAC.

Anyway, I got newest Win 32-bit YACoin QT wallet from cre8r and testing it now. If anyone skilled and adventurous wanna help testing it let me
know and I'll send you download link via PM. Unless you know what is Sandbox, how to check network traffic and have highly secured system than
please stay away!

VirusTotal detected nothing suspicious:

https://www.virustotal.com/en/file/e95af7ea4ec19514b8b642c820bfc8528051e4a01b467f6cf49baab032a04d8d/analysis/1370865711/

Glad someone was able to get that for you - I got stalled out on getting from yacoind.exe compiled to getting -qt compiled due to lack of time. I do have an updated CPU miner for x86 compiled under MingW with the latest scrypt-jane library (and directions on how to compile it) - it appear 5+% faster than the one god3 posted - if you need them.

rbdrbd

sr. member

Activity: 462

Merit: 250

Regarding an auction site, this is probably what would be used to make one: http://www.webidsupport.com/

Would just need to add a payment plugin for YAC and get it hosted. If no one else takes this up, I may do it once I get some free time. At a minimum I would post a number of items to whatever marketplace site was created for YAC.

Boing7898

sr. member

Activity: 686

Merit: 259

Someone should also make easy to follow guides on how to mine YACs on Windows and Linux and keep it updated (there are a lot of old threads with old links),

mberg2007

member

Activity: 117

Merit: 10

Quote from: sairon on June 10, 2013, 05:41:37 AM

Quote from: mberg2007 on June 10, 2013, 05:37:20 AM

If you first have to exchange your YAC into CDN or USD, and then withdraw that money from the exchange, it will be highly impractical and completely unfeasible for small purchases.

Having a place to spend your YAC directly will increase its usefulness a great deal.

-Michael

I think we have bigger problems right now.

Is that a fact? I actually think the biggest problem for YAC (and many other alts) is the fact that you can't spend them on anything. Their only value comes from the exchange rate with some fiat currency. These currencies are naked with no substance to them, which makes them a speculative instrument at best.

If you could take 100 YAC and buy a meal at McDonalds, people would mine them for other reasons than to exchange them to USD. Some people might want their salaries paid in YAC rather than USD. And people with YAC in their pockets will create a demand for merchants to support YAC spending, which is the ONLY thing that will sustain a currency in the long run.

If YAC is irrelevant as a long term currency, then whatever problems "we have right now" are in reality also pretty irrelevant.

- Michael

sairon

sr. member

Activity: 406

Merit: 250

One does not simply mine Bitcoins

Quote from: ?? on ??

Quote from: sairon on June 10, 2013, 05:41:37 AM

Quote from: cryptrol on June 10, 2013, 05:27:17 AM

Since there is people already mining YAC with GPU. This only makes the currency unfair and insecure. So a public GPU implementation could only improve the security.

^ This.

I agree. The fact that some are mining with GPU creates serious issues on exchanges. Price can not go up because there are constant dumps of
thousands of coins even now when price is so low that mining with most CPUs is not profitable. So, on one side there is less and less CPU miners
and on the other side there are few GPU miners making extreme profit and ruining the deal for everyone else. I have removed all my buy orders for
now, and the next time I'll be putting them up it will be at 0.00003 or less. I had enough of paying 0.0003+ to support CPU mining, sorry.

And then there are possibly some botnets or people who don't pay for electricity (and someone else does).

sairon

sr. member

Activity: 406

Merit: 250

One does not simply mine Bitcoins

Quote from: cryptrol on June 10, 2013, 05:27:17 AM

Quote from: sairon on June 10, 2013, 05:01:13 AM

what exactly do you have in mind that requires active developement?
agreed on the gpu miner, but oh well... would be a shame if we got 51%'d like FTC

An active wiki like the one's up for bitcoin and litecoin in their github account's. And binary release's on the main github account would be a nice start. Yacoin is orphan since the original dev is missing, but this should not be a problem since a distributed coin is owned by their holders and with consensus anything could be changed. Essentially I am talking about an *official* yacoin takeover.

Well, WindMaster has been pretty active on his github fork, and as it's the only maintained YAC fork, I'd consider it pretty much "official". So Yacoin is not an oprhan, just the devs changed. Binary releases should not be a problem as long as someone trusted makes them. For the github wiki, I'd say that devs don't have time for it and nobody else can write it. Cheesy

Quote from: cryptrol on June 10, 2013, 05:27:17 AM

Quote from: Boing7898 on June 10, 2013, 05:10:40 AM

But.. wouldn't that defeat the purpose of YAC, aka being mined only with CPUs?

Since there is people already mining YAC with GPU. This only makes the currency unfair and insecure. So a public GPU implementation could only improve the security.

^ This.

Quote from: bitdwarf on June 10, 2013, 05:34:09 AM

Quote from: sairon on June 10, 2013, 05:22:52 AM

Well, right now GPU is almost 16x faster than a CPU mining YAC...

That's not correct, please check the comments after the one where you saw that number.

Will do.
EDIT: Can't find anything.

Quote from: mberg2007 on June 10, 2013, 05:37:20 AM

Quote from: Boing7898 on June 10, 2013, 05:10:40 AM

What do you mean? YAC already has some exchanges, like Vircurex and BTER.

If you first have to exchange your YAC into CDN or USD, and then withdraw that money from the exchange, it will be highly impractical and completely unfeasible for small purchases.

Having a place to spend your YAC directly will increase its usefulness a great deal.

-Michael

I think we have bigger problems right now.

Quote from: ?? on ??

Paying 200 YAC or 0.07 BTC for working WinXP 32-bit YACoin QT wallet compiled from latest source code. Communication over PM only until I
make sure everything works properly, there are no viruses and so on. Afterwards I'll post link for others to eventualy download and upgrade wallet.

Shame I don't have dev tools on my windows install (using linux) Cheesy

mberg2007

member

Activity: 117

Merit: 10

Quote from: Boing7898 on June 10, 2013, 05:10:40 AM

What do you mean? YAC already has some exchanges, like Vircurex and BTER.

If you first have to exchange your YAC into CDN or USD, and then withdraw that money from the exchange, it will be highly impractical and completely unfeasible for small purchases.

Having a place to spend your YAC directly will increase its usefulness a great deal.

-Michael

bitdwarf

sr. member

Activity: 406

Merit: 250

The cryptocoin watcher

Quote from: sairon on June 10, 2013, 05:22:52 AM

Well, right now GPU is almost 16x faster than a CPU mining YAC...

That's not correct, please check the comments after the one where you saw that number.

cryptrol

hero member

Activity: 637

Merit: 500

Quote from: Boing7898 on June 10, 2013, 05:25:28 AM

But I have no idea if it's possible to make it safe from GPUs.

No it's not. GPU's are a memory constrained ATM, and using scrypt with the Keccak hashing as used in yacoin only increases the memory used and thus the gap between CPU and GPU shortens but GPU will always be faster. The problems some people is having with GPU implementations is just because of the higher memory usage of yacoin mining, and this usage increases in time.
Keep in mind that when litecoin was released it was a CPU mining coin.

cryptrol

hero member

Activity: 637

Merit: 500

Quote from: sairon on June 10, 2013, 05:01:13 AM

what exactly do you have in mind that requires active developement?
agreed on the gpu miner, but oh well... would be a shame if we got 51%'d like FTC

An active wiki like the one's up for bitcoin and litecoin in their github account's. And binary release's on the main github account would be a nice start. Yacoin is orphan since the original dev is missing, but this should not be a problem since a distributed coin is owned by their holders and with consensus anything could be changed. Essentially I am talking about an *official* yacoin takeover.

Quote from: Boing7898 on June 10, 2013, 05:10:40 AM

But.. wouldn't that defeat the purpose of YAC, aka being mined only with CPUs?

Since there is people already mining YAC with GPU. This only makes the currency unfair and insecure. So a public GPU implementation could only improve the security.

Topic: [ANN][YAC] YACoin ongoing development - page 152. (Read 380091 times)