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Topic: Bitmark - page 163. (Read 622228 times)

sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 08, 2014, 08:01:02 AM
Update and Request

Bitmark/Pfennig has been successfully built and tested on all common platforms now.

It would be nice to have an additional mac tester today, to use and test the pre release of bitmark/pfennig.

If anybody has a few minutes free, please download Bitmark-Qt.dmg, install, and then contact me with a bitmark address for an add node and to receive some test coins.

Thank you.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 03:09:06 PM
Sounds great!

Yeah, sent you the link via PM.  I'll be around to guinea pig if need be.

Thank you, again.

I've updated the OP with some text to explain what Pfennig is, and how it relates to Bitmark.

If anybody has any confusion or questions, please ask, read back through my posts, or encourage me to take a day out sooner rather than later to update readme's and wiki's in line with the project status.  Smiley

edit: new topic of discussion for future planning Calling Merchants and Crypto Currency Integrators, what do you need?
newbie
Activity: 26
Merit: 0
July 07, 2014, 02:59:15 PM
Sounds great!

Yeah, sent you the link via PM.  I'll be around to guinea pig if need be.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 02:53:23 PM
In any case, I have it available if need be.  I can PM you the link if you wish.

Perfect, please do, and thank you for your valuable help testing bitmark/pfennig today.

I think we will need to do one more test run once I've cross compiled for os-x, and then we can class the code as 'good', release Pfennig, then move on with Bitmark.

Latest Update (copied to head of new ann page)
  • Guriqbal Pandher has kindly donated 0.2 BTC (1/3rd of the budget needed!) to the project.
  • Bitmark/Pfennig Pre-Release testing has:
  • - been completed on windows vista 32+64bit, windows 7 32+64 bit, and windows 8 64bit
  • - been completed on linux, including ubuntu 10, 12 and 14
  • - successfully been run through TOR, we need to setup some onion addressed nodes to test further

Project Needs
  • A further 0.4 BTC total funding
  • Somebody to provide a copy of MacOSX10.7.sdk.tar.gz, the mac 10.7 SDK so I can cross compile binaries for osx
  • Somebody to test the client and daemon on fedora

The Bitmark/Pfennig pre-release can be found on Github.


newbie
Activity: 26
Merit: 0
July 07, 2014, 02:45:47 PM
Ah ok, makes sense... thanks for that.

In any case, I have it available if need be.  I can PM you the link if you wish.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 12:37:29 PM
Project Needs
  • Somebody to provide a copy of MacOSX10.7.sdk.tar.gz, the mac 10.7 SDK so I can cross compile binaries for osx

Curious as to why you need 10.7?  Why not 10.8?

Pfennig follows both the bitmark and bitcoin releases, as bitcoin is currently built and tested against 10.7 so is our project, when they migrate so will we. I'd rather keep Bitcoin's QA process behind our builds.

Consider this project as having two development streams which fuse together, our own under bitmark, and bitcoins. Each release of either Pfennig or Bitmark will correspond to a release of our own work, and a new tagged version of bitcoin.

newbie
Activity: 26
Merit: 0
July 07, 2014, 12:25:26 PM
Project Needs
  • Somebody to provide a copy of MacOSX10.7.sdk.tar.gz, the mac 10.7 SDK so I can cross compile binaries for osx

Curious as to why you need 10.7?  Why not 10.8?
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 11:26:09 AM
Update
  • Guriqbal Pandher has kindly donated 0.2 BTC (1/3rd of the budget needed!) to the project.
  • Bitmark/Pfennig Pre-Release testing has:
  • - been completed on windows vista 32+64bit, windows 7 32+64 bit, and windows 8 64bit
  • - been completed on linux, including ubuntu 10, 12 and 14
  • - successfully been run through TOR, we need to setup some onion addressed nodes to test further

Project Needs
  • A further 0.4 BTC total funding
  • Somebody to provide a copy of MacOSX10.7.sdk.tar.gz, the mac 10.7 SDK so I can cross compile binaries for osx
  • Somebody to test the client and daemon on fedora

The Bitmark/Pfennig pre-release can be found on Github.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 06:56:43 AM
Update
  • On the funding thread we have had some interest and a preliminary offer towards our desperately needed (and small) budget
  • Bitmark/pfennig testing is underway thanks to some kind bitcointalk users. No reported faults and everything working as expected. Windows Vista/7/8 and various Linux distributions have now been tested.

If you'd like to help in any way, please get in touch.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 07, 2014, 04:59:01 AM
We can but try, certainly there is enough scrypt hashing power to grow the strength of the network over time, without any barriers to adoption. Let us see how it goes.

There is more discussion on the wiki home page, and also here. Perhaps a balance is achievable that makes things work well.

The pre-release of Bitmark/Pfennig on TEMPORARY chains is available here cross compiled for windows and linux. You can find details on variables/ports on the wiki.

If you'd like to test installing / uninstalling feel free. To test functionality and get some test coins, or test miners against the build please let me know via pm and I'll give you an addnode and some test coins.

Thank you.
legendary
Activity: 2632
Merit: 1023
July 07, 2014, 02:37:30 AM
I personally dont see a problem with hoard/hodl and pump, dump, it just us humans don't like the time frame they happen on.

market adoption at least at the retail level or tipping does not seem to increase value.

Doge, and all the retail adoptions of BTC and their failure to impact price seem to demonstrate this.
legendary
Activity: 826
Merit: 1002
amarha
July 07, 2014, 02:14:46 AM
What will the mining algo be? Isnt Scrypt PoW a lil outdated?

Scrypt, yes. Outdated not at all, perhaps mature and well supported are more descriptive of the algorithm. Remember "Our aim is to create a relatively stable, user focussed, crypto currency which refines and implements maturing innovations from the crypto currency sector" ... "no hype or gimmicks, just a project which focusses on becoming a stable every day currency".

Rationale from https://github.com/project-bitmark/bitmark/wiki#proof-of-work : """Scrypt. A well balanced proof of work algorithm which is widely supported and for which hardware support is maturing. Large investment has been made by the mining community, and continues to be made. Whilst there are benefits to both Proof of Stake and multiple algorithm approaches, we feel that Scrypt PoW and the balanced coin release schedule which can be achieved with long term block rewards is the most suitable for this long term project. With an abundance of mining hardware available already it should also ensure a healthy network from the start."""

Has scrypt been proven to do the job we require? Yes.
Is scrypt broadly supported? Yes.

We don't want to reinvent the wheel here, rather we want to ensure the wheel is smooth, well oiled, and stable... fit for purpose.

Thanks for your question danny, and please do review and question further, all input is most welcome.

If your going to use an asic driven algo why not sha-256 then?  I don't think anyone with gpu's is excited about scrypt, so it's hard to say using it would be done with gpu's in mind.  If you want to go that route sha-256 can be mined with gpus too.

I'd be a bit worried about someone running a >50% attack since people have massive farms that they use for Bitcoin already. Not that it's not a concern for Scrypt, but I don't think people have the same level of hashing power yet.
full member
Activity: 126
Merit: 100
July 07, 2014, 12:26:45 AM
What will the mining algo be? Isnt Scrypt PoW a lil outdated?

Scrypt, yes. Outdated not at all, perhaps mature and well supported are more descriptive of the algorithm. Remember "Our aim is to create a relatively stable, user focussed, crypto currency which refines and implements maturing innovations from the crypto currency sector" ... "no hype or gimmicks, just a project which focusses on becoming a stable every day currency".

Rationale from https://github.com/project-bitmark/bitmark/wiki#proof-of-work : """Scrypt. A well balanced proof of work algorithm which is widely supported and for which hardware support is maturing. Large investment has been made by the mining community, and continues to be made. Whilst there are benefits to both Proof of Stake and multiple algorithm approaches, we feel that Scrypt PoW and the balanced coin release schedule which can be achieved with long term block rewards is the most suitable for this long term project. With an abundance of mining hardware available already it should also ensure a healthy network from the start."""

Has scrypt been proven to do the job we require? Yes.
Is scrypt broadly supported? Yes.

We don't want to reinvent the wheel here, rather we want to ensure the wheel is smooth, well oiled, and stable... fit for purpose.

Thanks for your question danny, and please do review and question further, all input is most welcome.

If your going to use an asic driven algo why not sha-256 then?  I don't think anyone with gpu's is excited about scrypt, so it's hard to say using it would be done with gpu's in mind.  If you want to go that route sha-256 can be mined with gpus too.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 06, 2014, 04:00:19 PM
Update - Help?
Within the next hour I will have Linux and Windows 32bit and 64bit builds of Bitmark/Pfennig available for testing on a temporary block chain.

I'm looking for a couple of people with either linux or windows to spend a short time installing, sending a few transactions, generally testing, then uninstalling.

Is anybody willing to help? If so please PM me.

Thank you.

edit: the pre-release is all compiled and ready to start testing, I am currently mining the first 720 temporary chain blocks whilst I sleep so there is a balance to test with tomorrow. I will post link to the pre-release tomorrow.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 05, 2014, 07:47:36 PM
Update - Art of Bitmark

Thanks to mymenace we now have all logo variations and branding guidelines available in the Art of Bitmark repo. I'd like to thank mymenace for his concerted effort in creating high quality logos, alternatives, and providing a very professional service.

Special thanks also to Allow for his valuable input throughout the process, and contributions to Bitmark Core's design.

As the project progresses we hope designers and artists of all kinds will contribute to both the design of Bitmark resources, and share Bitmark related artwork of all styles. Full accreditation will be added to the repository, and on the website (when we have one).

Update - Pfennig and Bitmark

I am gitian building the project and testing on 32/64 bit versions of various windows versions, and the same for various linux distributions.

If anybody can build for os-x, or even better upload a tar'd version of the osx sdk so I can cross compile all releases on demand, or link to one already online, it would be greatly appreciated.

sr. member
Activity: 306
Merit: 250
July 05, 2014, 06:04:16 PM
I mine with GPUs and I prefer mining X11, X13 or maybe Keccak. Although if the project is solid I have no problem going along with Scrypt. Is this coin oriented toward ASIC mining for strong network from the begining? If not I would suggest Scrypt-N or maybe Scrypt OG variant to avoid rapid centralization with ASICs.

Anyway the project looks very tempting. I also like the name (Bitmark). Ill be watching it closely.

Again thank you, and glad you like the name Smiley

One final question if you do not mind: would you, as a GPU miner, consider mining a coin (Bitmark) which has limited value to start, and which may take months to earn a value legitimately? Or put another way, would you be happy to mine it along the way, knowing that you may not see a return for some time, with the offset that it potentially has stronger value in the future?

Glad you dropped in to contribute to the discussion.

Yes. Hypeless. I like the approach this coin is taking.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 05, 2014, 05:50:39 PM
I mine with GPUs and I prefer mining X11, X13 or maybe Keccak. Although if the project is solid I have no problem going along with Scrypt. Is this coin oriented toward ASIC mining for strong network from the begining? If not I would suggest Scrypt-N or maybe Scrypt OG variant to avoid rapid centralization with ASICs.

Anyway the project looks very tempting. I also like the name (Bitmark). Ill be watching it closely.

Again thank you, and glad you like the name Smiley

One final question if you do not mind: would you, as a GPU miner, consider mining a coin (Bitmark) which has limited value to start, and which may take months to earn a value legitimately? Or put another way, would you be happy to mine it along the way, knowing that you may not see a return for some time, with the offset that it potentially has stronger value in the future?

Glad you dropped in to contribute to the discussion.
sr. member
Activity: 306
Merit: 250
July 05, 2014, 05:42:18 PM

Thank you also.

Do you mine with GPU or ASICs? As a miner which algorithm(s) do you prefer, and why?
[/quote]

I mine with GPUs and I prefer mining X11, X13 or maybe Keccak. Although if the project is solid I have no problem going along with Scrypt. Is this coin oriented toward ASIC mining for strong network from the begining? If not I would suggest Scrypt-N or maybe Scrypt OG variant to avoid rapid centralization with ASICs.

Anyway the project looks very tempting. I also like the name (Bitmark). Ill be watching it closely.
sr. member
Activity: 294
Merit: 250
Bitmark Developer
July 05, 2014, 05:28:07 PM
Thank you for your reply, you got your point there and I respect it. There is nothing wrong with Scrypt and surely is widely supported, but as a miner what I dont like about the algo is the high temperatures and high energy consumption.

Thank you also.

Do you mine with GPU or ASICs? As a miner which algorithm(s) do you prefer, and why?
sr. member
Activity: 306
Merit: 250
July 05, 2014, 05:03:31 PM
What will the mining algo be? Isnt Scrypt PoW a lil outdated?

Scrypt, yes. Outdated not at all, perhaps mature and well supported are more descriptive of the algorithm. Remember "Our aim is to create a relatively stable, user focussed, crypto currency which refines and implements maturing innovations from the crypto currency sector" ... "no hype or gimmicks, just a project which focusses on becoming a stable every day currency".

Rationale from https://github.com/project-bitmark/bitmark/wiki#proof-of-work : """Scrypt. A well balanced proof of work algorithm which is widely supported and for which hardware support is maturing. Large investment has been made by the mining community, and continues to be made. Whilst there are benefits to both Proof of Stake and multiple algorithm approaches, we feel that Scrypt PoW and the balanced coin release schedule which can be achieved with long term block rewards is the most suitable for this long term project. With an abundance of mining hardware available already it should also ensure a healthy network from the start."""

Has scrypt been proven to do the job we require? Yes.
Is scrypt broadly supported? Yes.

We don't want to reinvent the wheel here, rather we want to ensure the wheel is smooth, well oiled, and stable... fit for purpose.

Thanks for your question danny, and please do review and question further, all input is most welcome.


Thank you for your reply, you got your point there and I respect it. There is nothing wrong with Scrypt and surely is widely supported, but as a miner what I dont like about the algo is the high temperatures and high energy consumption.
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