Problems on miningpool.com? de3 down - us4 seems live but not sure?
Update 14:22 Switched to xhash for time being as strange stats coming back from miningpool - hope gets sorted soon.
Topic: Bitmark - page 116. (Read 622213 times)
[04:08] what are you working on next?
[04:08] <@MarkPfennig> currently updating the block explorer to look more like the new website, then finishing the website and ipm pool together, integrated the UIs
[04:08] <@MarkPfennig> then mid week hopefully move on to marking!
[04:09] <@MarkPfennig> oh and between that some little tools we need, I want to add some wallet functionality to the website, not as a wallet, but the ability to sweep private keys and suchlike
[04:10] <@MarkPfennig> so enter a private key and a btm address, and have all funds from the key moved to the new address, then that opens the door to gift cards and stickers with encoded private keys on them as qr codes and the like
[04:12] <@MarkPfennig> it would allow us to send currency easily too with an url, bitmark.co/sweep?key=whatever&msg=here+are+your+funds+from+bob
[04:12] <@MarkPfennig> they click it and up comes a screen saying enter your address, and help to get a client or link to some web wallet, and they just enter a btm address and are done
[04:12] <@MarkPfennig> we can layer more on top after
[04:12] <@MarkPfennig> but that's something quick that has lots of scope I feel
[04:13] that's exciting! being able to send with a url is awesome
[04:13] <@MarkPfennig> should be really quick to do, and no server side anything, I can do it the same as say brainwallet transactions page, using a javascript library
[04:08] <@MarkPfennig> currently updating the block explorer to look more like the new website, then finishing the website and ipm pool together, integrated the UIs
[04:08] <@MarkPfennig> then mid week hopefully move on to marking!
[04:09] <@MarkPfennig> oh and between that some little tools we need, I want to add some wallet functionality to the website, not as a wallet, but the ability to sweep private keys and suchlike
[04:10] <@MarkPfennig> so enter a private key and a btm address, and have all funds from the key moved to the new address, then that opens the door to gift cards and stickers with encoded private keys on them as qr codes and the like
[04:12] <@MarkPfennig> it would allow us to send currency easily too with an url, bitmark.co/sweep?key=whatever&msg=here+are+your+funds+from+bob
[04:12] <@MarkPfennig> they click it and up comes a screen saying enter your address, and help to get a client or link to some web wallet, and they just enter a btm address and are done
[04:12] <@MarkPfennig> we can layer more on top after
[04:12] <@MarkPfennig> but that's something quick that has lots of scope I feel
[04:13]
[04:13] <@MarkPfennig> should be really quick to do, and no server side anything, I can do it the same as say brainwallet transactions page, using a javascript library
Added Coin Finance, Cryptonator, and Cryptrader to the OP.
The block explorer may change or break over the next few hours, I am working on it.
The block explorer may change or break over the next few hours, I am working on it.
Thanks Mark - These 3 additions are of great benefit to the Bitmark Community
The BTM graph on CryptTrader.com looks promising
Added Coin Finance, Cryptonator, and Cryptrader to the OP.
The block explorer may change or break over the next few hours, I am working on it.
The block explorer may change or break over the next few hours, I am working on it.
Genuinely pleased to see the community step up and fund development of Project Bitmark. The potential magnitude of our project is, at this time, unparalleled.
Just went through the Ipm link.
Indeed a good one and when can we expect it?
Indeed a good one and when can we expect it?
It is all but ready, I am working on both a combined website and IPM pool interface as we speak, and have been funded by the developer loans receive so far for a week or more full time, so certainly in the next few days
If anybody else would like to take up the funding offer 5.5 BTC of developer loans are still required to help me work on this full time for the foreseeable future.
Keep up the good work.
Just went through the Ipm link.
Indeed a good one and when can we expect it?
Indeed a good one and when can we expect it?
It is all but ready, I am working on both a combined website and IPM pool interface as we speak, and have been funded by the developer loans receive so far for a week or more full time, so certainly in the next few days
If anybody else would like to take up the funding offer 5.5 BTC of developer loans are still required to help me work on this full time for the foreseeable future.
Just went through the Ipm link.
Indeed a good one and when can we expect it?
Indeed a good one and when can we expect it?
Is there a multipool that pays out BTM?
Not that I know of
Glad to see a responsible Dev.
Cheers
Just to be certain of your meaning, and in case the GPU question arises again
GPU miners can't mine it fairly, it's impossible, arguments there in wiki ain't make GPU owners to mine it. Lots of Titans will land on this coin and in a week expect incredible difficulty. You have to make it at least scrypt-n, so home miners can win several months. This is it. Good luck.
GPU miners can mine Bitmark fairly, you will receive an amount of BTM according to how much hashrate you commit to securing the networking for it's users.
Mining is a service offered, not a money printing machine. If you offer a less efficient service that is not as beneficial to the users then your service will not generate as much revenue.
Technology progresses over time, GPU miners made CPU miners redundant, ASICs make GPUs redundant. You keep up or you fall behind.
I am the developer, I do not have an asic, I cannot mine the coin I created. When I can I will buy an asic to do so, and if I want to sooner I will hire one, or later buy some BTM, but that is speculation on my part.
My service is not mining, my service is developing. If your service is mining then treat it as a business and upgrade your hardware, or target your service at people who require gpu hashing to secure their network.
Bitmark's focus is on it's users, the decision to use scrypt is in their best interests, to keep their network reliable and secure.
For the sake of interest, the last person to ask about GPU mining above, sammy007, has been on the network since, and in IRC every day
One approach for GPU miners who seek to get more BTM than their hashrate allows, is to use a different multipool to get BTC, then move BTC in to BTM, or ask for the development of a multipool which pays out BTM.
Personally I'd rather encourage stable miners who support the Bitmark network through high hashrates and low, they will have the lowest average production cost of anybody, and reap the most rewards long term.
In the near future you will also be able to automate the multipool process through the IPM Pool, you could set an exit BTC address to be the input address at the IPM Pool, and convert to BTM this way. Or perhaps you could be one of the BTC paid miners for the IPM, where you have all your running costs for 32 hours paid in BTC, and mine for the IPM for 24 hours with all BTM going to the investors, then 8 hours for yourself for free, taking profit in BTM.
We have tried hard to balance the needs of all parties.
Is there a multipool that pays out BTM?
Not that I know of
Glad to see a responsible Dev.
Cheers
Is there a multipool that pays out BTM?
Not that I know of
Is there a multipool that pays out BTM?
I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.
Thanks Este - remembered I had .02 Btc there - now out. Shame there were no signs that mywl.it was going to disappear! That and coinex.pw a few months ago and I'm not faring very well...
Perhaps in the future we could spend some time on creating a distributed secure exchange, previously I have modelled and coded such a thing, it would need more work. It's something to think about, maybe early next year.
In the interim today's events have prompted me to with Poloniex and we have came up with some approaches to further mitigate risks and tighten security - although it is already very good.
1. Each week Busoni and I will speak for a short time, to update checkpoints, ensure their code is rebuilt, and notify of any changes to the code.
2. At this time they are going to inform us of the total combined amount of BTM they hold for all users, so we can see if people are using the exchange as a web wallet. If this does happen then we can try to advise our community as to the benefits of securing their own currency, and also find out their requirements to make real secure web or mobile wallets to manage funds.
3. We have agreed that I will anonymously enquire on technical forums and stackexchange as to the most secure server and daemon setup's, there are various approaches to holding wallets and storing currency, I have proposed some alternatives to them, and we now seek to identify the benefits of each, with peer review, so that they may make the best decisions.
Funding Update
A total of 2.5 BTC has now been committed to me, out of the 8 BTC target. Thank You to both of those who have displayed such confidence and faith in both the project and I.
These are excellent points and great news on the funding update.
To the wider populus, business community, would be adopters; unregulated and decentralised (and, dare I add, anonymity) seem to be synonymous with insecure and poorly supported / protected.
Truly addressing security vulnerabilities is one part, as is user awareness. The average fiat user of online services takes comfort and confidence from the various banking and credit card systems 'guarantees' and fraud protection - cryptocurrency, as yet, has none... one day, perhaps?
I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.
Thanks Este - remembered I had .02 Btc there - now out. Shame there were no signs that mywl.it was going to disappear! That and coinex.pw a few months ago and I'm not faring very well...
Perhaps in the future we could spend some time on creating a distributed secure exchange, previously I have modelled and coded such a thing, it would need more work. It's something to think about, maybe early next year.
In the interim today's events have prompted me to with Poloniex and we have came up with some approaches to further mitigate risks and tighten security - although it is already very good.
1. Each week Busoni and I will speak for a short time, to update checkpoints, ensure their code is rebuilt, and notify of any changes to the code.
2. At this time they are going to inform us of the total combined amount of BTM they hold for all users, so we can see if people are using the exchange as a web wallet. If this does happen then we can try to advise our community as to the benefits of securing their own currency, and also find out their requirements to make real secure web or mobile wallets to manage funds.
3. We have agreed that I will anonymously enquire on technical forums and stackexchange as to the most secure server and daemon setup's, there are various approaches to holding wallets and storing currency, I have proposed some alternatives to them, and we now seek to identify the benefits of each, with peer review, so that they may make the best decisions.
Funding Update
A total of 2.5 BTC has now been committed to me, out of the 8 BTC target. Thank You to both of those who have displayed such confidence and faith in both the project and I.
I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.
Thanks Este - remembered I had .02 Btc there - now out. Shame there were no signs that mywl.it was going to disappear! That and coinex.pw a few months ago and I'm not faring very well...
Androidicus, and others, thank you for your offer of BTM.
Let us discuss it.
My aim is to acquire BTM from those who do not see value in it or treat it as a short term investment, short term miners, day traders, etcetera. I would rather soak up that BTM than risk the valuable BTM of community members, as this would create both downwards pressure on markets and put two sets of BTM on the market, that which already is, and that which would normally be being held.
I may also add that by holding acquired BTM I can increase the value of the currency as a whole, I can also trade a portion to further increase holdings of both BTM and BTC, and hopefully provide enough to not only pay back the loans, but also to have some of my own holdings, and a budget to trade with. By doing so I would be able to fairly self fund further development without the need for measures such as those proposed.
Finally, if I took up all the offers of BTM loans I have had, I would temporarily be the biggest 'whale', and would prefer to avoid that. Simple day trading and off market acquisition in the direction of purchasing I am happy with, and see almost zero risk in - worst case I am holding a lot of BTM, exactly the thing I hope to achieve. Gambling large amounts of my supportive community's valuable BTM in the direction of selling, feels like too much risk for me to take on, imagine if somebody acquired it and bumped the price beyond where I could buy it back? No BTM, no funds for the loans, it would be a mess.
I hope that makes sense, and would value the communities input on this.
Let us discuss it.
My aim is to acquire BTM from those who do not see value in it or treat it as a short term investment, short term miners, day traders, etcetera. I would rather soak up that BTM than risk the valuable BTM of community members, as this would create both downwards pressure on markets and put two sets of BTM on the market, that which already is, and that which would normally be being held.
I may also add that by holding acquired BTM I can increase the value of the currency as a whole, I can also trade a portion to further increase holdings of both BTM and BTC, and hopefully provide enough to not only pay back the loans, but also to have some of my own holdings, and a budget to trade with. By doing so I would be able to fairly self fund further development without the need for measures such as those proposed.
Finally, if I took up all the offers of BTM loans I have had, I would temporarily be the biggest 'whale', and would prefer to avoid that. Simple day trading and off market acquisition in the direction of purchasing I am happy with, and see almost zero risk in - worst case I am holding a lot of BTM, exactly the thing I hope to achieve. Gambling large amounts of my supportive community's valuable BTM in the direction of selling, feels like too much risk for me to take on, imagine if somebody acquired it and bumped the price beyond where I could buy it back? No BTM, no funds for the loans, it would be a mess.
I hope that makes sense, and would value the communities input on this.
I see where you are coming from...
If I had venture capital on tap this whole situation would be a no brainer!
I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.
And probably 100 BTC too by the looks of it.
I don't know if withdrawals are completely frozen or not but anyone who has money in Bter should strongly consider getting it all out if you can. They lost 50 million NXT and things are not looking good.
Androidicus, and others, thank you for your offer of BTM.
Let us discuss it.
My aim is to acquire BTM from those who do not see value in it or treat it as a short term investment, short term miners, day traders, etcetera. I would rather soak up that BTM than risk the valuable BTM of community members, as this would create both downwards pressure on markets and put two sets of BTM on the market, that which already is, and that which would normally be being held.
I may also add that by holding acquired BTM I can increase the value of the currency as a whole, I can also trade a portion to further increase holdings of both BTM and BTC, and hopefully provide enough to not only pay back the loans, but also to have some of my own holdings, and a budget to trade with. By doing so I would be able to fairly self fund further development without the need for measures such as those proposed.
Finally, if I took up all the offers of BTM loans I have had, I would temporarily be the biggest 'whale', and would prefer to avoid that. Simple day trading and off market acquisition in the direction of purchasing I am happy with, and see almost zero risk in - worst case I am holding a lot of BTM, exactly the thing I hope to achieve. Gambling large amounts of my supportive community's valuable BTM in the direction of selling, feels like too much risk for me to take on, imagine if somebody acquired it and bumped the price beyond where I could buy it back? No BTM, no funds for the loans, it would be a mess.
I hope that makes sense, and would value the communities input on this.
Let us discuss it.
My aim is to acquire BTM from those who do not see value in it or treat it as a short term investment, short term miners, day traders, etcetera. I would rather soak up that BTM than risk the valuable BTM of community members, as this would create both downwards pressure on markets and put two sets of BTM on the market, that which already is, and that which would normally be being held.
I may also add that by holding acquired BTM I can increase the value of the currency as a whole, I can also trade a portion to further increase holdings of both BTM and BTC, and hopefully provide enough to not only pay back the loans, but also to have some of my own holdings, and a budget to trade with. By doing so I would be able to fairly self fund further development without the need for measures such as those proposed.
Finally, if I took up all the offers of BTM loans I have had, I would temporarily be the biggest 'whale', and would prefer to avoid that. Simple day trading and off market acquisition in the direction of purchasing I am happy with, and see almost zero risk in - worst case I am holding a lot of BTM, exactly the thing I hope to achieve. Gambling large amounts of my supportive community's valuable BTM in the direction of selling, feels like too much risk for me to take on, imagine if somebody acquired it and bumped the price beyond where I could buy it back? No BTM, no funds for the loans, it would be a mess.
I hope that makes sense, and would value the communities input on this.
The terms offered are 60 days maximum until repayment, 10% interest if repayment is in BTC, 15% if repayment is taken in BTM.
Half will be used to purchase BTM, half will be used fund my time - food and such basics for home. I am confident that within 45 days the price tag of BTM will be double, through hard work full time from myself and others.
Are straight BTM any use to partially negate your need to use 50% of any BTC loan to buy BTM thereby freeing up some BTC for essential expenses?
I can put approx 5k BTM into the 'loan' pot on the terms stated if this would help?
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