Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012 - page 353. (Read 1070171 times)

there are some miner fixes I have to do, the block reward is not reporting right yet, at least I don't think.  but everything else should be good.

AWESOME! bye bye Minergate!

alright guys I got an opensource BCN POOL up
http://bcn.extremepool.org

you can use simpleminer or cpuminer  (minerd)

I would recommend getting the newly optimized cpuminer

I'm really surprised to not see this technology more widely discussed. For all the hype people give the currently-vapor zerocash stuff, I think the privacy design in Bytecoin strikes a better complexity/privacy/security tradeoff.   In general, I think introducing new currencies is unfortunate— why break up the adoption and lose network effect just to get some extra transaction powers? But at least as far as the privacy technology goes the stuff in Bytecoin appears to be top notch and perhaps most importantly it already exists and works.

Sadly the Bitcoin and bitcoin-clone mining ecosystem has really made people stupid on this front. I don't know if I should laugh or cry when I see people pissing away their earnings at 5% fee PPS pools (which may well be ripping them off beyond the advertised level) then turning around and gambling their earnings at negative expectation gambling sites.

Some altcoin goes through some substantial (and probably ill-advised) effort to be 'cpu-only' for equality and decentralization and even before the ASICS appear the users are just falling all over each other to hand away their control and income to a third party, even going to the point of not participating in a technologically very interesting coin if there doesn't exist some pool to take their money... crazy.

And, it uses the same name as a publicly announced coin, also Bytecoin, announced in March 2013 and genesis block April 1, 2013.
At least they could use a name that is not already public.
In addition, for whatever reason, when you look at early articles that use [BCN] they refer to bitcoin.

That's a completely false analogy. Bitcoin was public in every reasonable way at every stage, starting with the cryptography mailing list and sourceforge, and continuing from there. Plus even today bitcoin is only around 60% mined. Starting 3 years ago when I heard about it on TV news (!) it was more like 30% mined. This coin was kept secret until 80% of it was mined. We can speculate about how long that took (2 years or not) but either way it was not public until ~80% mined. That is a fact. The first commit on github was November 2013, the bytecoin.org website dates later than that, I think. Find something public earlier and I'll be impressed.

EDIT: Also, looking at that very first commit is illustrative.

1. I keep telling people to just solo mine but no one ever believes me. They think I am trying to trick them or scam them or something, or perhaps that I'm dumb. The list of disadvantages to any pool is large (scam, hacked, pool operator errors, loss of efficiency at the share level, un-decentralizes the network, etc.). This gets much worse on all counts when the infrastructure for pool mining is so immature, as is the case with BCN. The list of disadvantages to solo mining is: you need patience. It seems no one has patience though.

2. I use Ubuntu 13.10.  Everything works right out of box. With other versions you generally need to build your own boost. Not a horrible problem, but a pain.

this question has been asked and answered a dozen times.

1.  it was not pre-mined.  Just because you were not aware of this coin does not make it pre-mined.
That's the same as someone just now learning about crypto currency and saying bitcoin was pre-mined.

2.  this coin is mined because it is profitable to do so.

Why would anyone want to mine a coin that was 80% pre-mined with binaries that are not optimised ?  Please highlight me, this is a serious question.

You are welcome, lol
However, I was pretty sure 4GB would be enough for compiler.

Just rechecked it, and it indeed seems like a known issue.

https://bitcointalksearch.org/topic/solved-g-internal-compiler-error-killed-program-cc1plus-304389
https://github.com/TrinityCore/TrinityCore/issues/10287

Dammit, I'll try adding more RAM to my server. Thank you.

I will have it up in a few hours.

It's just "c++: internal compiler error: Killed (program cc1plus)".

4GB should be enough. What's the exact error that you get?


Thank you, that is long waited!

Awesome! When do you expect it implemented?

testing was a bad word, we can start using.

Great news, thank you!

Why do you say "testing"? What are the potential problems? Blockchain size?

Tried both on my local virtual machine (2GB RAM) and on a server (4GB RAM). Crashes anyway. Do you think this could be the reason?

I currently run an opensource pool for Monero, http://extremepool.org,   I will setup this pool for Bytecoin (BCN) and we can start testing.

#1 is a valid point. DStrange, how much can you assign from Bytecoin call-to-arms fund to those starting a BCN open-source pool? (If it is that easy with the node-cryptonote-pool).

About #2. That is quite weird, minergate's instructions worked fine for me. Are you using virtual machine? What's your RAM size?