MinerGate just updated it's miner. Hash function is optimized.
Moreover, MRO and QCN mining is added.
Moreover, MRO and QCN mining is added.
13 H/s to over 100 H/s wow.
Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012 - page 348. (Read 1070344 times)
13 H/s to over 100 H/s wow.
Concerning how useful this tech is, is there any chance it will be adopted into Bitcoin?
If not the core, how about a side chain?
Putting it in the Bitcoin chain itself is a hard-sell because there is a serious scalability downsize (all the cryptographically strong anonymity techniques break pruning), among other pedestrian reasons. A side-chain using it seems virtually certain to me, limited more by the deployment of sidechain tech than anything else... even more so than the ZeroCash anonymity design simply because the ring signature approach is so simple by comparison.If not the core, how about a side chain?
But it's all a guess at this stage. Technology progress in Bitcoin is slow— for good reason— and now with the prospect that altcoin pumpers may we well funded to try to disrupt that progress… well, it'll be sad if what kills cryptocurrency isn't competition from traditional financial instruments or authorities but just poisonous behavior between competing systems. :-/
It will be sad indeed.
But I tend to hope for the best, competition is a strong instrument and may (or may not) push the tech centuries ahead, including cryptocurrencies.
I don't know about the "good reason" behind the Bitcoin slow progress. It stuck pretty much where it all began - low anonymity, ASIC problem etc. Popularity is the only thing that keeps Bitcoin afloat.
I bet that if some people took some CN ideas and started to populate it in some super accessible (for masses) way - it would become (eventually, yes) more popular than BTC.
Anywho. For now we're just stuck with BTC monarchy and it's sad.
MinerGate just updated it's miner. Hash function is optimized.
Moreover, MRO and QCN mining is added.
Moreover, MRO and QCN mining is added.
Concerning how useful this tech is, is there any chance it will be adopted into Bitcoin?
If not the core, how about a side chain?
Putting it in the Bitcoin chain itself is a hard-sell because there is a serious scalability downsize (all the cryptographically strong anonymity techniques break pruning), among other pedestrian reasons. A side-chain using it seems virtually certain to me, limited more by the deployment of sidechain tech than anything else... even more so than the ZeroCash anonymity design simply because the ring signature approach is so simple by comparison.If not the core, how about a side chain?
But it's all a guess at this stage. Technology progress in Bitcoin is slow— for good reason— and now with the prospect that altcoin pumpers may we well funded to try to disrupt that progress… well, it'll be sad if what kills cryptocurrency isn't competition from traditional financial instruments or authorities but just poisonous behavior between competing systems. :-/
Well to be honest the quicker a true side chain implementation comes the better. Some of the alternative coins have new ideas, but they all have to fight hard to gain a share of the market.
Look at very professional projects like Ethereum, one of the most discussed topics is what's fair for the "IPO" and many people already are going to create a "fair" fork (I personally think that their IPO intentions are very fair). Because these are coins and the money is here, now and real, there will always been fighting for the investment that rises above the others, even just for that one day.
People see really good tech, but then become dismayed that the chain is two years old already, ask yourself, how can there not be poisonous behavior between competitors when millions of dollars are at stake?
Everyone is looking to be on the next best thing, one thing that would help is side chains, because then Bitcoin can continue to be that next best thing instead of having a new coin every week offering better features.
This isn't a new phenomenon, look at the battle between Tesla and Edison.
When it comes to money, it's a dirty battle, people aren't fighting for the tech, but rather their return on investment.
gmaxwell, are we close to solving the 51% attack on side chain weakness?
(97% of people are here for the returns, the tech is a vessel for that return)
(I may be completely wrong about all the above, I have been very wrong many times before!)
The only way to save this coin is to relaunch with a fair start for everyone. Of course, that won't happen because you're heavily vested.
The relaunch is here!
Monero.
No, once a fork forever is a fork
The only way to save this coin is to relaunch with a fair start for everyone. Of course, that won't happen because you're heavily vested.
The relaunch is here!
Monero.
The only way to save Bitcoin is to relaunch it with a fair start for everyone. The same holds for dollars.
The only way to save this coin is to relaunch with a fair start for everyone. Of course, that won't happen because you're heavily vested.
finally i can have someplace to soak up all my bcn.
Good news.
About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.
Earliest time will be tomorrow.
About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.
Earliest time will be tomorrow.
Really good news! Thanks.
To all: follow us on twitter https://twitter.com/Bytecoin_BCN
There is the new translation our thread!
https://bitcointalksearch.org/topic/bcn-cpu-616291 - Russian by kroleg
I sent 300,000 BCN for each translation!
And the top post will be translated soon into Ukrainian (by lyubomyr) and Czech (by Rytir_fik)!
And the top post will be translated soon into Ukrainian (by lyubomyr) and Czech (by Rytir_fik)!
Received. Thanks.
Today I'm with good news!
There is Bytecoin (BCN) in Reddit - http://www.reddit.com/r/BytecoinBCN
Subscribe, comment and share!
There is the new translation our thread!
https://bitcointalksearch.org/topic/bcn-cpu-616291 - Russian by kroleg
I sent 300,000 BCN for each translation!
And the top post will be translated soon into Ukrainian (by lyubomyr) and Czech (by Rytir_fik)!
And the top post will be translated soon into Ukrainian (by lyubomyr) and Czech (by Rytir_fik)!
I still have the same bcn.extremepool.org. Mining has no problems for a couple of minutes, then returns this error every 10 seconds:
[2014-05-20 12:35:49] json_rpc2.0 error: Duplicate share
[2014-05-20 12:35:49] submit_upstream_work json_rpc_call failed
[2014-05-20 12:35:49] ...retry after 10 seconds
Anyone has the same?
[2014-05-20 12:35:49] json_rpc2.0 error: Duplicate share
[2014-05-20 12:35:49] submit_upstream_work json_rpc_call failed
[2014-05-20 12:35:49] ...retry after 10 seconds
Anyone has the same?
Vote for BCN on Mintpal - https://www.mintpal.com/voting#BCN!
You can send BTC here - 1BMWuAebdynS1MUYnJZ4uhDpm6D4wQsHCR, each 0.001 BTC received will count for 1 vote.
ok, if it's 80% mined within 2 years, how long does it take to mine the rest, and what would happen after that ?
Eventually you mine the last atomic unit and there is no more block reward. I don't know how long that takes with BCN. With Bitcoin it happens in around the year 2140. Miners would then have to rely on transaction fees. Many are skeptical this could ever work.
ok, if it's 80% mined within 2 years, how long does it take to mine the rest, and what would happen after that ?
I don't worry about premine for such a coin made on the basis of totally different technology. How about NXT or ripple? They can't be minted at all! You say NXT and ripple are 100% premined!
As long as the dev has stated clearly how many have been premined, and how they are going to use the premined, it is fine to me.
They don't admit it was a premine. They still claim it has existed for 2 years. Perhaps, but then it is just a 2 year premine. As long as the dev has stated clearly how many have been premined, and how they are going to use the premined, it is fine to me.
People are now buying BCN in cryptonote exchange! Now is already 23 sat!
Hope the ninjas don't ruin the party. 
The devs have explicitly mentioned that they are not going to ruin the coin and keep working. It is not a simple bitcoin fork where you add tweak minor features and hope to dump it to get rich. This is a groundbreaking R&D. I hope this thought will finally get to your mind, man.
I don't worry about premine for such a coin made on the basis of totally different technology. How about NXT or ripple? They can't be minted at all! You can say NXT and ripple are 100% premined!
As long as the dev has stated clearly how many have been premined, and how they are going to use the premined, it is fine to me.
People are now buying BCN in cryptonote exchange! Now is already 23 sat!
Hope the ninjas don't ruin the party. The devs have explicitly mentioned that they are not going to ruin the coin and keep working. It is not a simple bitcoin fork where you add tweak minor features and hope to dump it to get rich. This is a groundbreaking R&D. I hope this thought will finally get to your mind, man.
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