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Topic: BipCoin, CryptoNote with Fast, Solid Transactions + profitable to mine - page 3. (Read 31021 times)

member
Activity: 69
Merit: 10
Glad to see you act so fast but really all the fuss for 9 active miners contributing less than 1KH/s hash, finding 1 block a day of 8 coins seems a bit over kill.
Most of the pools are dead. Rented hash attack did more damage to cryptonight coins that the so called bug.
sr. member
Activity: 476
Merit: 250
CRITICAL FIX FOR WINDOWS CLI
(Linux is a few posts back).

https://bipcoin.org/DROPS/fix/bipcoin-windows-fix.zip
MD5: af365ed98413af448fff740996887f40
size: 5.39 MB (5,660,267 bytes)



DIRECTIONS:
Close CLI wallet if open.
Backup all .address and .wallet files.
Download and unzip fix.
Dump fix files into CLI wallet files and allow to overwrite.
Start CLI wallet and allow to re-sync to blockchain. Took about 10 minutes on OK Internet connection.
After syncing, open a wallet.
Allow wallet to sync.
As usual, be sure to close out of simplewallet with
Save
And
Exit
And close out of bipcoind
With
Exit.
legendary
Activity: 2744
Merit: 1387
Ukrainians will resist
I'm used in pool http://bip.ms-pool.net.ua/# last version daemon Forknote.
sr. member
Activity: 476
Merit: 250
BipCoin trading has been re-enabled on Cryptopia.  Cheesy
full member
Activity: 174
Merit: 100
sr. member
Activity: 476
Merit: 250
CRITICAL UPDATE FOR BipCoin SOFTWARE.

HERE'S FIX:


Updated security fix to deal with problem posted about by Monero.

Pool owners and people running nodes should update immediately.

Please swap out now. FIRST, BACKUP
.address
and
.wallet
files before update.

WINDOWS BINARY with critical update, 13.8 megs. MD5:8c2f89a8a87279fc5aae639c236912d0
https://bipcoin.org/DROPS/fix/Win004CliWithFix.rar

LINUX BINARY:
Compile from:
https://github.com/BEASTLICK-INTERNET-POLICY-COMMISSION/bipcoin


UPDATED CODE:
https://github.com/BEASTLICK-INTERNET-POLICY-COMMISSION/bipcoin

We have scanned blockchain, there is NO double spending. (security problem was NOT exploited, no new coins were made, and we're not out of consensus, despite what another post says. And that page has all the marks of a phishing scam.)

sr. member
Activity: 476
Merit: 250
member
Activity: 88
Merit: 10
How are things developing?
newbie
Activity: 42
Merit: 0
Reading this... I'm a bit dissapointed
https://bipcoin.org/?p=2216
What will be the future of this coin? Another pnd ?

Future of the coin is a solid coin that's fun. And secure and anonymous.
do not be ridiculous over this ..it is just a matter of luck and a talk of hard work.
member
Activity: 72
Merit: 10
Looking at the number of blocks found over the last 24h, it seems that the difficulty on average is accurate.
Yet the chain is always either lagging or moving way too fast in bursts.

It seems therefore that a very large mining farm is working intermittently. Working for a few minutes each time, they get a block every few seconds. At those moments, they are mining at a lower actual difficulty for their given hashrate as it has no time to adjust.

Then they stop, so that the average in a given time does not rise too much and perhaps they work on a different chain. At that time, the small pools are mining at a higher effective difficulty than the real hashing power of the network should have if things were normal.

Then the farm starts again and the cycle continues.

This would also explain why other cryptonight chains have the same problems as of late. Of course it's just a hypothesis but I'm rather confident it's close to the truth.

It's an unfortunate turn of events as it makes mining for small miners and pools unprofitable.
Yes, I described this a week ago. I've seen it on all the CN coins; it is beyond hypothesis at this point.
hero member
Activity: 770
Merit: 500
This coin has been very profitable for me to mine. I recently stopped due to the difficulty but I was please to see the value over double since mining so I made a few bit cents profit in the past 3weeks or so tha is Dev let's keep this coin great. Perhaps I'll mine some more I'll keep my eye on the difficulty chart and when it drops I'll mine to help the blockchain .
sr. member
Activity: 476
Merit: 250
We plan to add merged mining. That should help. Will take a few months though.
legendary
Activity: 1750
Merit: 1101
karbo.io
Maybe some party is renting Nicehash power to mine on low difficulty and ceases when difficulty rizes leaving network with gaps between blocks because other miners' hashrate is not enough for that difficulty. It happens because on most Cryptonote coins difficuly adjusts after window of few hundred blocks - it takes a long time to fall down. This slow adjustment also allowes them to quickly and easily mine few hundred blocks literally in an hour when the difficulty is low.
legendary
Activity: 2165
Merit: 1002
Looking at the number of blocks found over the last 24h, it seems that the difficulty on average is accurate.
Yet the chain is always either lagging or moving way too fast in bursts.

It seems therefore that a very large mining farm is working intermittently. Working for a few minutes each time, they get a block every few seconds. At those moments, they are mining at a lower actual difficulty for their given hashrate as it has no time to adjust.

Then they stop, so that the average in a given time does not rise too much and perhaps they work on a different chain. At that time, the small pools are mining at a higher effective difficulty than the real hashing power of the network should have if things were normal.

Then the farm starts again and the cycle continues.

This would also explain why other cryptonight chains have the same problems as of late. Of course it's just a hypothesis but I'm rather confident it's close to the truth.

It's an unfortunate turn of events as it makes mining for small miners and pools unprofitable.
legendary
Activity: 1750
Merit: 1101
karbo.io
What is the plan ahead for BIP?

I am working on a shopping cart plugin and then a web wallet. There is another dev also working on a web wallet. If there is interest I can put up a bounty page so people can vote with their BIP for which projects they want to see built for BipCoin.

Hello, how shopping cart is goin? Remeber, we got bounty waiting too  Wink
newbie
Activity: 56
Merit: 0
What is the plan ahead for BIP?

I am working on a shopping cart plugin and then a web wallet. There is another dev also working on a web wallet. If there is interest I can put up a bounty page so people can vote with their BIP for which projects they want to see built for BipCoin.
sr. member
Activity: 476
Merit: 250
What is the plan ahead for BIP?

keep up with non-beta releases of Bytecoin.
full member
Activity: 154
Merit: 100
@bonzocorleonee
What is the plan ahead for BIP?
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