Bitmark - page 130. | Bitcointalksearch.org

testadimerlo

sr. member

Activity: 826

Merit: 263

Quote from: 82ndabnmedic on July 25, 2014, 08:35:30 AM

Quote from: testadimerlo on July 25, 2014, 08:07:51 AM

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

At current difficulty you will roughly mine about 20 BTM / 1MH / Day (+/- 7 BTM)

Thanks. At the current rate, 1 day renting scrypt rig is about 0.77 a day. It means that I should pay 0.77 BTC to receive more or less a total amount of 7 BTM daily?
I hope I m wrong Cry

82ndabnmedic

full member

Activity: 247

Merit: 100

Quote from: testadimerlo on July 25, 2014, 08:07:51 AM

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

At current difficulty you will roughly mine about 20 BTM / 1MH / Day (+/- 7 BTM)

Androidicus

sr. member

Activity: 339

Merit: 250

Quote from: testadimerlo on July 25, 2014, 08:26:15 AM

thanks zandinga, i m going to watch

stratum+tcp://de3.miningpool.co:22011
stratum+tcp://us4.miningpool.co:22013

stratum+tcp://pool.xhash.net:3406

Not forgetting when ready the IPM

testadimerlo

sr. member

Activity: 826

Merit: 263

thanks zandinga, i m going to watch

Zandinga

newbie

Activity: 39

Merit: 0

Quote from: testadimerlo on July 25, 2014, 08:07:51 AM

Quote from: coinsolidation on July 25, 2014, 05:31:15 AM

New Wiki Page: Solo Mining

Following multiple queries as to how to set up solo mining, I have finally managed to document Solo Mining on the Wiki.

If there are any questions or clarifications required please ask.

Proving the theory

Part of the rationale behind Bitmark's Block Chain configuration is the notion that more rewards per day will create a healthier network.

I have proved the theory twice myself already, and now I've challenged a small solo miner to help me prove it also.

He has 1.7 MH/s, and is therefore on the edge of luck. By the average network hashrate he should manage marginally over 1 block per day. Since you can only find complete blocks, this means he will get 20 or 40 BTM per day, 1 or 2 blocks. If he mined on a pool he would generate 20-21 BTM each day, by taking this challenge we can prove if solo mining is viable, and if our theory is sound.

The challenge I have set him is to see how lucky he is, he will mine for exactly 24 hours and report back as to how many blocks he finds. I will double whatever rewards he gets for doing this challenge.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged.}

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

If you decide to rent a rig, there are 2 pools where you can mine BTM:

http://xhash.net
http://miningpool.co

On each of them you'll find the stratum adresses and all the information you need to set up your rigs.

Hope this helps

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

Quote from: testadimerlo on July 25, 2014, 08:07:51 AM

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

No. Would it help if I created a quick calculator to show you how many BTM you would mine for any given hash speed?

I can do one for you all quickly but it won't be beautiful as I have limited time.

testadimerlo

sr. member

Activity: 826

Merit: 263

Quote from: coinsolidation on July 25, 2014, 05:31:15 AM

New Wiki Page: Solo Mining

Following multiple queries as to how to set up solo mining, I have finally managed to document Solo Mining on the Wiki.

If there are any questions or clarifications required please ask.

Proving the theory

Part of the rationale behind Bitmark's Block Chain configuration is the notion that more rewards per day will create a healthier network.

I have proved the theory twice myself already, and now I've challenged a small solo miner to help me prove it also.

He has 1.7 MH/s, and is therefore on the edge of luck. By the average network hashrate he should manage marginally over 1 block per day. Since you can only find complete blocks, this means he will get 20 or 40 BTM per day, 1 or 2 blocks. If he mined on a pool he would generate 20-21 BTM each day, by taking this challenge we can prove if solo mining is viable, and if our theory is sound.

The challenge I have set him is to see how lucky he is, he will mine for exactly 24 hours and report back as to how many blocks he finds. I will double whatever rewards he gets for doing this challenge.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged.}

Sorry for my noob question but I m not tech astute. Does it mean that if I rent a rig I would have more or less 20-21 BTM each day, right ( it mines only in the pool)?
I was watching at nicehash but if someone would suggest me a better service for rent a rig it will be appreciated ( and a pool with the related port, I don't see it in the OP)

thanks again

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

I have created a quick chart which shows the coin supply of Bitmark, Bitcoin, and Litecoin through to 2025

http://bitmark.co/charts/coinsupply.html

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

New Wiki Page: Solo Mining

Following multiple queries as to how to set up solo mining, I have finally managed to document Solo Mining on the Wiki.

If there are any questions or clarifications required please ask.

Proving the theory

Part of the rationale behind Bitmark's Block Chain configuration is the notion that more rewards per day will create a healthier network.

I have proved the theory twice myself already, and now I've challenged a small solo miner to help me prove it also.

He has 1.7 MH/s, and is therefore on the edge of luck. By the average network hashrate he should manage marginally over 1 block per day. Since you can only find complete blocks, this means he will get 20 or 40 BTM per day, 1 or 2 blocks. If he mined on a pool he would generate 20-21 BTM each day, by taking this challenge we can prove if solo mining is viable, and if our theory is sound.

The challenge I have set him is to see how lucky he is, he will mine for exactly 24 hours and report back as to how many blocks he finds. I will double whatever rewards he gets for doing this challenge.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged.}

pabloangello

legendary

Activity: 1344

Merit: 1001

Quote from: testadimerlo on July 25, 2014, 05:20:22 AM

Quote from: pabloangello on July 25, 2014, 05:07:15 AM

Quote from: testadimerlo on July 25, 2014, 04:57:06 AM

Quote from: tdokta on July 25, 2014, 01:27:57 AM

How is progress going for the IPM launch, happening today ?

excited about the increase in network speed this day, closest to 2min block times its been for a few days.

the progress happening with the Bitmark project will be gathering more attention soon it seems. nice ideas for the development of a Getmarked button. real world application is key.

...

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

i d like to buy some at honest price just for be part of this interesting project. do i pm you?

I can sell you some at 20k Satoshis but to be honest it would be better to rent a mining rig for you.

Indeed I was thinking about it. Thanks guys for your quickly and honest replies

Welcome, join our IRC channel for further discussions

#Bitmark on https://freenode.net/

testadimerlo

sr. member

Activity: 826

Merit: 263

Quote from: pabloangello on July 25, 2014, 05:07:15 AM

Quote from: testadimerlo on July 25, 2014, 04:57:06 AM

Quote from: tdokta on July 25, 2014, 01:27:57 AM

How is progress going for the IPM launch, happening today ?

excited about the increase in network speed this day, closest to 2min block times its been for a few days.

the progress happening with the Bitmark project will be gathering more attention soon it seems. nice ideas for the development of a Getmarked button. real world application is key.

...

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

i d like to buy some at honest price just for be part of this interesting project. do i pm you?

I can sell you some at 20k Satoshis but to be honest it would be better to rent a mining rig for you.

Indeed I was thinking about it. Thanks guys for your quickly and honest replies

pabloangello

legendary

Activity: 1344

Merit: 1001

Quote from: testadimerlo on July 25, 2014, 04:57:06 AM

Quote from: tdokta on July 25, 2014, 01:27:57 AM

How is progress going for the IPM launch, happening today ?

excited about the increase in network speed this day, closest to 2min block times its been for a few days.

the progress happening with the Bitmark project will be gathering more attention soon it seems. nice ideas for the development of a Getmarked button. real world application is key.

...

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

i d like to buy some at honest price just for be part of this interesting project. do i pm you?

I can sell you some at 20k Satoshis but to be honest it would be better to rent a mining rig for you.

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

Quote from: testadimerlo on July 25, 2014, 04:57:06 AM

Quote from: tdokta on July 25, 2014, 01:27:57 AM

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

i d like to buy some at honest price just for be part of this interesting project. do i pm you?

tdokta created an auction thread for 500 BTM here https://bitcointalksearch.org/topic/bitmark-btm-709400

These are the first BTM ever offered for sale.

testadimerlo

sr. member

Activity: 826

Merit: 263

Quote from: tdokta on July 25, 2014, 01:27:57 AM

How is progress going for the IPM launch, happening today ?

excited about the increase in network speed this day, closest to 2min block times its been for a few days.

the progress happening with the Bitmark project will be gathering more attention soon it seems. nice ideas for the development of a Getmarked button. real world application is key.

...

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

i d like to buy some at honest price just for be part of this interesting project. do i pm you?

pabloangello

legendary

Activity: 1344

Merit: 1001

tdokta

full member

Activity: 159

Merit: 100

First BTM sale thread now started in the following link:

https://bitcointalk.org/index.php?topic=709400.new#new

A trial; out to the community to find a marketable price to work towards.

Have set a start point of 0.1BTC for 500BTM

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

Marcoman22, the previous page in the thread is a very interesting read and has more details.

tdokta, IPM Launch will be happening tomorrow, I will message you in a moment. As for a BTM production cost the base average at zero profit and on efficient new asics is 0.00010000 per BTM, real production cost has swung between 8k and 20k satoshi.

Medic, welcome aboard. There are a few things I would like to discuss with you before you dive in to the project schedule, I will message you.

To anyone just joining, the previous two pages are very interesting and there are many discussion points.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged. Thank you to all who have donated and invested.}

marcoman22

sr. member

Activity: 350

Merit: 250

Quote from: Androidicus on July 24, 2014, 03:07:08 PM

Take a look at this and the few posts above it...

https://meta.discourse.org/t/what-is-the-most-awesome-plugin-for-discourse-that-does-not-yet-exist/31/195

Symbiosis!

plugin that doesn't exist.

tdokta

full member

Activity: 159

Merit: 100

How is progress going for the IPM launch, happening today ?

excited about the increase in network speed this day, closest to 2min block times its been for a few days.

the progress happening with the Bitmark project will be gathering more attention soon it seems. nice ideas for the development of a Getmarked button. real world application is key.

...

anyone wanting to buy some Bitmark, send a personal message ... also, wondering a transparent fair price for starting the distribution of some Bitmark .. any idea current production cost per Bitmark?

82ndabnmedic

full member

Activity: 247

Merit: 100

Project Bitmark requires that someone hold the role of Project Manager. Managing a Virtual Team comes with its own difficulties; Project Bitmark has an added level of complexity, given that we embrace this project with the knowledge that our work shall come with no monetary compensation, pro tem. I shall embrace the role of an Agile Project Manager. I shall not act in the traditional command and control fashion rather I am a facilitator and a “servant leader” in the sense that I am Not a Technical Expert nor am I the Subject Matter Expert. My role is to keep the project on track, identify risks, and remove impediments to progress.

My tasks include: (These are in line with views documented by Plaster Group - Business and Technology Consulting)
•   Project Governance (Bitmark Community Driven)
•   Status Reporting
•   Identification of missing roles/resources and their resolution/escalation
•   Business stakeholder communication
•   Issue/Risk communication/resolution/escalation – removing blockers
•   Project Planning
•   Change Management
•   Ensuring the team adheres to its processes
•   Resolution/escalation of inadequate work – ensuring Product Owner accountability
•   Removing barriers and shielding the team from external interference
•   ~~Project Finance~~ (Purposely Left Out)

This structure works through the acceptance that we are the Project Bitmark Team, we work better together and can accomplish more than one-person can alone. My Task are your tasks, anyone can step-in and identify requirements necessary to fulfill these tasks. Currently, I am working on the Project Charter, this will be followed by a Stakeholder Analysis (or Stakeholder Management Plan), Communication Plan and Project Schedule. At last count, on this thread, there are over 270 pages (if viewed in 10-12 font) detailing the intricacies of Project Bitmark. Maintaining a cohesive Project Schedule will require the full support of the team.

Topic: Bitmark - page 130. (Read 622228 times)