Topic: Bitmark - page 110. (Read 622213 times)

Great idea. Perhaps also including usage with bitmark-qt and inuit as two practical examples.

The bitmark wiki is editable by all, a good place to start writing such things so that others can collaboratively edit and review.

As a 'heads up' and for the uninitiated on the subject of secure address generation, would a 'Mini Howto' be a good idea to explain the best practice method for using the Brain Wallet?

Good to see another pool rising up and getting some more hashing.

I'd just like to say thanks to Crypto Cloud Hosting for the free VPS, I'm very impressed with the service, I've fully configured it for everything I need to create a staging server without any problems, daemons, nginx, git server, deployment scripts all kinds of things, an excellent service all round complete with OS of my choice - the latest Ubuntu LTS.

I am very glad that the first BTM business is a fully fledged company with hardware and offers something of a high calibre, as opposed to a quick reseller account accepting alternative currency.

On another note, I received a donation earlier of 0.06xx BTC, but have no idea who sent it, can you let me know so that I may say thank you.

As a gentle reminder, if you have not updated your clients already to v0.9.2.2, please do so by following the link in my signature or from the OP - it will help keep our network, and your currency, secure, and also provide you with full alerting to be notified of any disasters; not that any are planned.

^ ^

Typical - just had to shutdown 1 rig at work as it was nearly discovered! 

Big thumbs up to minepit.  We are killing it over there!   I'm ben96c on that pool.


31,194    smien2014    8/26 12:34:13 PM    45.10% (2,631,307)
31,182    ben96c    8/26 12:27:49 PM    21.26% (1,240,616)
31,177    ben96c    8/26 12:24:30 PM    40.87% (2,384,442)
31,165    24Kilo    8/26 12:16:57 PM    39.39% (2,298,149)
31,152    AndoRoid    8/26 12:07:23 PM    39.85% (2,325,005)
31,141    AndoRoid    8/26 11:57:08 AM    19.78% (1,153,963)
31,131    smien2014    8/26 11:50:40 AM    13.81% (805,565)
31,126    ben96c    8/26 11:46:08 AM    6.21% (362,437)

Haha no pun was intended.

So u are that guy,
it is nothing big:D

U said magic word ......MARKED.

Hey

Thanks for stopping by. Like you said, it was all just a misunderstanding and it's all in the past now. We can move forward with our project like it never happened.

Cheers

I'd like to publicly say that I unintentionaply marked a PM I received from coinsolidation as spam thus leading to his ban. It was a big misunderstanding and would like to apologise for any inconvenience I caused. By all means he did not do anything that was worth a report to a moderator. Have a nice day.

Wait it out, or mine consistently whatever the difficulty. The purpose of our long maturation and equivalent difficulty is to remove incentive from speculative short term miners. If people drive up the difficulty and then have to wait for 2-3 days before they can get their reward to dump, it's value is unknown.

Mining is a service where those who mine consistently receive the lowest overall average cost and the greatest overall gains.

This post explains far more clearly.

For now we are still in semi-speculative times, as demand increases so network will stabilize, drops only really occur in the early stages. Current transfers are not so bad, it is still faster than bitcoin, even running at one third of the target speed. We certainly are not stuck.

On the positive side, we have over 3 GH/s of service providing consistent miners, that is no small achievement. Thank you to all of you.


Thank you for publishing, I hope it is comprehensible as it outlines an important part of Bitmark's future.

Update

1. I am now unbanned from bitcointalk, which is nice.
2. Receiving extensive feedback on Marking from a Professor of Economics tonight, his initial feedback was extremely positive, I look forward to discussing it in more detail.
3. The Bitmark Foundation fund now stands at 3685.8817 BTM of 70k target
4. Pfennig has been updated to support full alerting and also git archiving - it's now consistent with bitmark v0.9.2.2
5. Bitmark checkpoints updated at 30688
6. Brain Wallet and Address Generator released.

Thanks Este,Retweeted

New article by coinsolidation/Mark Pfennig on Bitmark News:

http://bitmarknews.com/2014/08/25/bitmarks-future-the-power-of-the-api/

It's a good one.

Yeah.. I'm thinking along the lines of leaving the confirmations at 720 blocks to discourage the multipools and the whales as they would still have to wait a day to get their coins but changing the diff retarget to say 120 blocks so that the diff changes 6 times a day.  With only 120 blocks it makes it even less attractive for a "hit and run" attack on the coin as by the time the whales and big pools switch over, most of the blocks are gone.  I think that would lead to a much more stable hashrate.  The true believers would ride out the ripples (rather than big waves) and the get rich quick brigade would find it all too much trouble.

Ah, that would explain it, thanks. Agree it would be nice to avoid that cycle if possible, its a bit of a pain...

The coin is stuck at a really high diff at the moment and it will take 2 or 3 days for the required 720 block confirmation. When the diff change comes, coins will fly out the door as all the whales will jump back on the coin. And then the slow/fast cycle will repeat.

Is it worth looking at modifying the diff algorithm to avoid this?

I've been mining a little at the xHASH pool and it all seems stuck on unconfirmed (36 hours after my mining contract finished). Its not a lot but I'd like to get access to it if posssible, any suggestions?

Yes, we should be welcoming Mark back soon. 

Also noteworthy, our community continues to grow both in numbers and in conviction. Our network grows healthier with every passing day and the Market has seen steady volume increases.

I remind everyone that Bitmark strives is to earn value through actions, not speculative hype, but rather by focusing on quality and fundamental widespread adoption. Mark and the Bitmark Project Team are marking this happen! We appreciate your resolve, with thousands of Alt-Coins to choose from, the fact that you are here "reading this" speaks volumes, and we wish to reciprocate this commitment by releasing many great things in the near future.

Thank You

Welcome back Mark !

Good to know the Hash is getting spread around.

MineP.it - That is a nice looking pool you have there. It is refreshing, I like it!  (Note: When you get a chance, could you please update all the Bitmark/BTM Logos. Thanks)