Bitmark - page 87. | Bitcointalksearch.org

dbkeys

full member

Activity: 486

Merit: 104

Quote from: Este Nuno on September 29, 2014, 10:29:26 AM

Quote from: locohammerhead on September 29, 2014, 10:18:39 AM

The hashrate has now dropped to 5.25 GH/s for the network but the difficulty has not dropped with the hashrate drop. Why is that? Is that by design?

Changes every 720 blocks.

Seems to me that it is very unresponsive. A block has to be added to the block chain in order to verify the transactions within it. 720 blocks, if they were being generated every 2 minutes, would be one day; but because the difficulty remains high even as the network hash rate drops, isn't it possible those 720 blocks could be generated in as long as _several_ days before the difficulty re-adjusts ? What is the philosophy behind such a rather delayed response to the network hash rate ?

Androidicus

sr. member

Activity: 339

Merit: 250

Quote from: LittleOto on September 29, 2014, 07:18:21 PM

Hello Bitmark community,

Glad to be onboard with you Wink

! I'm a Dogecoin and Reddcoin fan and now happy to have come accross Project Bitmark, if memory serves I think it was through a CoinDesk article or other crypto-news site.
I find the projet to be hugely ambitious and love how it goes beyond the social aspect that Reddcoin wants to address.

I went through the github Wiki & read a nice interview I got forwarded on Twitter by the Bitmark account. I still have a lot of questions but I'm confident and hope everything will clarify as the development keeps advancing (respect to the team btw Wink

).

I'm currently bootstrapping an apparel company and I thought, heck, it would be amazing to integrate Marking with my articles. Looking forward to learn how this can be done but I can already imagine putting QR codes or NFC chips on some parts of my products Cheesy

Oh and I was wondering why don't you guys hang out on Reddit more often?
Also, I'm seeing that it's something like 20-40% less profitable to be mining BTM now (awaiting the drop in difficulty following the drop in the hashrate!), so I think I'll be bouncing between mining altcoins + converting to BTM and directly mining BTM for a higher hashrate although mine is quiet low. What's your strategy?

Cheers !

Hello and welcome. The developers and team are indeed hard at work on the project. It's also great to hear that you are one of the many potential adopters.

I will let others provide you with a more full response as rather busy myself! But, in short, I have talked before in this thread about the investment vs profit subject. Personally, I have made a considered decision to keep my hashrate constantly on Bitmark thereby supporting the network through all difficulty levels.

Enjoy...

melvster

sr. member

Activity: 350

Merit: 250

Thanks for updating the latest checkpoint.

I've marked the latest checkpoint via my slack account:

melvincarvalho 8:55 AM mark https://github.com/project-bitmark/bitmark/commit/e253704bbf106dfbbf8c7b90b521da391d838510 1
klaranet (bot) 8:55 AM 1₥ has been awarded to https://github.com/project-bitmark/bitmark/commit/e253704bbf106dfbbf8c7b90b521da391d838510

This has no significance other than for me to say that there has not been a double spend that I have noticed.

Note: this is not a zero trust endorsement, it's a micro trust endorsement. Therefore, in crypto currency terms is meaningless. But in terms of a social signal it would allow a casual onlooker to see a data point, who it was from, and if they want to, make an inference.

Qiuyue201

sr. member

Activity: 537

Merit: 250

Quote from: tdokta on September 30, 2014, 12:44:13 AM

Quote from: klopper on September 29, 2014, 11:40:38 PM

Quote from: TheMilkman on September 29, 2014, 02:42:49 PM

Why sudden collapse?

Collapse? I see growth:

The market will always move in waves, can't only go straight up (overbought/oversold). The longterm trend is up.

yup, and as the price corrects itself it will come up to over 350k sats

Yup, clearly a correction. Look at the previous part of the chart. It usually goes like this but it is more visible now because of the scale.

tdokta

full member

Activity: 159

Merit: 100

Quote from: klopper on September 29, 2014, 11:40:38 PM

Quote from: TheMilkman on September 29, 2014, 02:42:49 PM

Why sudden collapse?

Collapse? I see growth:

The market will always move in waves, can't only go straight up (overbought/oversold). The longterm trend is up.

yup, and as the price corrects itself it will come up to over 350k sats

klopper

hero member

Activity: 616

Merit: 500

Quote from: TheMilkman on September 29, 2014, 02:42:49 PM

Why sudden collapse?

Collapse? I see growth:

The market will always move in waves, can't only go straight up (overbought/oversold). The longterm trend is up.

leathan

member

Activity: 111

Merit: 101

Quote from: coinsolidation on September 29, 2014, 04:13:03 PM

The price should and will be based on adoption, it's not a traders token to go up and down arbitrarily - for now the market is open to manipulation by whales and subject to the usual movements. Value will be earned by marking, quite literally, over time.

Everyone should re-read that quote to themselves 10 times.

The entire ecosystem is in its infancy. Bit coins like Bitmark do not have liquidity yet, and furthermore the liquidity will come from the byproduct of their use. Movements at this point can be quite irrelevant.. The fact it exploded so much within weeks of its release shows the speculators agree with the potential.

Quote

Whales

doesnt have to be plural. During major volume shifts in an illiquid market ONE whale can cause major feedback in the graph/price.

LittleOto

newbie

Activity: 2

Merit: 0

Hello Bitmark community,

Glad to be onboard with you Wink

! I'm a Dogecoin and Reddcoin fan and now happy to have come accross Project Bitmark, if memory serves I think it was through a CoinDesk article or other crypto-news site.
I find the projet to be hugely ambitious and love how it goes beyond the social aspect that Reddcoin wants to address.

I went through the github Wiki & read a nice interview I got forwarded on Twitter by the Bitmark account. I still have a lot of questions but I'm confident and hope everything will clarify as the development keeps advancing (respect to the team btw Wink

).

I'm currently bootstrapping an apparel company and I thought, heck, it would be amazing to integrate Marking with my articles. Looking forward to learn how this can be done but I can already imagine putting QR codes or NFC chips on some parts of my products Cheesy

Oh and I was wondering why don't you guys hang out on Reddit more often?
Also, I'm seeing that it's something like 20-40% less profitable to be mining BTM now (awaiting the drop in difficulty following the drop in the hashrate!), so I think I'll be bouncing between mining altcoins + converting to BTM and directly mining BTM for a higher hashrate although mine is quiet low. What's your strategy?

Cheers !

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

It would be good to know how much loss has potentially been incurred through minep.it by having print screens of people's balances, but first somewhere to aggregate them that is not the thread. Maybe somebody could do a shared document somewhere and link to it from here?

Personally I am still reserving judgement, the site is still running and no contact has came, perhaps one many is running it and has been in an accident. We do not want to judge to quickly, whilst recognizing that scams are prevalent so it is a possibility.

Let us count the potential loss, and perhaps as a community we can address it later. We can probably also track down the blocks they mined and use the chain to calculate how much as been paid and how much has not, to avoid anybody over claiming.

buckrogers

legendary

Activity: 2746

Merit: 1181

Quote from: Androidicus on September 29, 2014, 12:35:41 PM

Quote from: batesresearch on September 29, 2014, 12:08:25 PM

Quote from: buckrogers on September 29, 2014, 12:04:14 PM

www.minep.it stole everyone's funds and zeroed out our accounts, they should be shut down and reported to the authorities.

I don't believe they have intended to do anything malicious and I am the one who reached out to Minep.it for them to add BTM. I always liked Minep.it and believe there is more to the issue than we can see. I will be investigating it.

I have been burned many times in the crypto space - but, it is also easy to assume the worst. I agree with Bates - let's not be too quick to assume. Most of these services are run by one, perhaps two, people. Anything can happen - illness, family crisis; life...

For my part, I manually withdrew as soon as confirmed balance became available...

i would have as well, but mine never got confirmed even after a week!

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

Quote from: john312 on September 29, 2014, 03:08:39 PM

Many other altcoins are going up. That does not seem to be the case with Bitmark. We should get on Mintpal.

Why? The price of BTM is based on speculation of future work, and perceived value of work done so far.

The price should and will be based on adoption, it's not a traders token to go up and down arbitrarily - for now the market is open to manipulation by whales and subject to the usual movements. Value will be earned by marking, quite literally, over time.

john312

sr. member

Activity: 392

Merit: 250

Many other altcoins are going up. That does not seem to be the case with Bitmark. We should get on Mintpal.

xamido

hero member

Activity: 532

Merit: 500

Quote from: TheMilkman on September 29, 2014, 02:42:49 PM

Why sudden collapse?

Btc collapse.

All alt-coin exchange volume is shrinking these last few days.

I guess the bubble burst finally on cryptocurrency.

TheMilkman

sr. member

Activity: 334

Merit: 250

Why sudden collapse?

batesresearch

legendary

Activity: 2424

Merit: 1148

Quote from: coinsolidation on September 29, 2014, 01:00:24 PM

Quote from: pabloangello on September 29, 2014, 12:17:24 PM

But only Bitmark? What about other coins?

Can anybody confirm whether only Bitmark is affected, thank you.

When I looked at their forum a few days ago many people mining all different types of coins were asking for admin / help with stuck pools but had no reply

coinsolidation

sr. member

Activity: 294

Merit: 250

Bitmark Developer

Quote from: pabloangello on September 29, 2014, 12:17:24 PM

But only Bitmark? What about other coins?

Can anybody confirm whether only Bitmark is affected, thank you.

Androidicus

sr. member

Activity: 339

Merit: 250

Quote from: batesresearch on September 29, 2014, 12:08:25 PM

Quote from: buckrogers on September 29, 2014, 12:04:14 PM

www.minep.it stole everyone's funds and zeroed out our accounts, they should be shut down and reported to the authorities.

I don't believe they have intended to do anything malicious and I am the one who reached out to Minep.it for them to add BTM. I always liked Minep.it and believe there is more to the issue than we can see. I will be investigating it.

I have been burned many times in the crypto space - but, it is also easy to assume the worst. I agree with Bates - let's not be too quick to assume. Most of these services are run by one, perhaps two, people. Anything can happen - illness, family crisis; life...

For my part, I manually withdrew as soon as confirmed balance became available...

pabloangello

legendary

Activity: 1344

Merit: 1001

Quote from: buckrogers on September 29, 2014, 12:13:07 PM

All you need to do is look at all the chats of everyone stating the same thing i am, that there accounts have zeroed out and they never got paid, like myself, and i was mining there for over a week.

But only Bitmark? What about other coins?

buckrogers

legendary

Activity: 2746

Merit: 1181

All you need to do is look at all the chats of everyone stating the same thing i am, that there accounts have zeroed out and they never got paid, like myself, and i was mining there for over a week.

batesresearch

legendary

Activity: 2424

Merit: 1148

Quote from: buckrogers on September 29, 2014, 12:04:14 PM

www.minep.it stole everyone's funds and zeroed out our accounts, they should be shut down and reported to the authorities.

I don't believe they have intended to do anything malicious and I am the one who reached out to Minep.it for them to add BTM. I always liked Minep.it and believe there is more to the issue than we can see. I will be investigating it.

Topic: Bitmark - page 87. (Read 622228 times)