Since there is no consensus on the bounty expansion:
https://bitcointalksearch.org/topic/m.1133385
the bounty is unchanged. It there ever is agreement that the bounty should be expanded, then it shall be.
Topic: Devcoin - page 141. (Read 412952 times)
It is also not what the DeVCoin mining pool bounty is about.
-MarkM-
-MarkM-
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So in short you are not a devcoin mining pool, you are a mining operation selling shares and happening to use pool software privately behind the scenes in your mining operation?
Wrong!We operate our own mining pool node localy. We dnt mine on any other pool then on our p2pool node!
Please become familiar with p2pool. We simply dnt allow any hardware from outside out of security reasons. But we consider this as the next generation of mining operations and provide to our miners (shareholders) the opportunity to make profit in DVC and BTC. You dnt categorize p2pool as mining pool just cause it works different then you imagine it?
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Ok, I think I understand now. People don't mine in your pool with their own equipment. Instead they buys shares in a company which buys mining equipment and mines using it. The income from that mining operation is paid out to shareholders in either bitcoins or devcoins. Is that right?
You are right!
This way is everything clean, simple and diversified
To become a glari.ch miner you simply buy shares at cryptostocks.com. No external GPU or FPGA are allowed on the private glari.ch mining node out of security reasons. We use FPGA boards only for mining. Not everyone is able to finance a FPGA rig, but everyone is able to buy shares at cryptotocks.com. By now 5 Lancelot boards was financed trough the GMP security and 2 additional x6500 boards work for this project.
As an shareholder you get the mined coins in form of dividends payed out each week.
Ok, I think I understand now. People don't mine in your pool with their own equipment. Instead they buys shares in a company which buys mining equipment and mines using it. The income from that mining operation is paid out to shareholders in either bitcoins or devcoins. Is that right? As an shareholder you get the mined coins in form of dividends payed out each week.
So in short you are not a devcoin mining pool, you are a mining operation selling shares and happening to use pool software privately behind the scenes in your mining operation?
-MarkM-
-MarkM-
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I'm confused how this works. It's a private p2pool node so people don't actually mine with you? If they do, where are the details to mine?
To become a glari.ch miner you simply buy shares at cryptostocks.com. No external GPU or FPGA are allowed on the private glari.ch mining node out of security reasons. We use FPGA boards only for mining. Not everyone is able to finance a FPGA rig, but everyone is able to buy shares at cryptotocks.com. By now 5 Lancelot boards was financed trough the GMP security and 2 additional x6500 boards work for this project.
As an shareholder you get the mined coins in form of dividends payed out each week.
We mine merged on a private p2pool node DVC and BTC:
I'm confused how this works. It's a private p2pool node so people don't actually mine with you? If they do, where are the details to mine? DVB does not take any mining fee! 100% of the hashingpower goes to dividends
There is however an "opportunity cost", which might to folk who are not yet accustomed to merged mining be "hidden", and that is the conspicuous absense of other chains customarily included in the merged chains list when merged mining.
Namecoins of course are the ommission most likely to be noticed by the largest number of merged-mining afficionados, however anyone aware of bitparking's merged mining pool might also wonder how much they are missing out on by the ommission of ixcoins and i0coins.
Me I went with merged mining at home, since even bitparking does not include all the chains I am accustomed to merging.
I think a lot of people used to getting namecoins in the mix will feel that the amount they can sell the devcoins for is trivial compared to the amount they are missing out on by not getting namecoins...
-MarkM-
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I examined the 'DVB - Devcoin Bounty' stock at:
https://cryptostocks.com/securities
and saw that it paid out the stated amount of devcoins. So the initial 6 share part of the 12 share total first award of the devcoin pool bounty:
https://bitcointalksearch.org/topic/m.1125683
https://cryptostocks.com/securities
and saw that it paid out the stated amount of devcoins. So the initial 6 share part of the 12 share total first award of the devcoin pool bounty:
https://bitcointalksearch.org/topic/m.1125683
Thank you
To explain how the process works:
We mine merged on a private p2pool node DVC and BTC:
To become a Miner at glari.ch you can gain shares from DVB or GMP @ https://cryptostocks.com
DVC are payed once a week as dividents in the DVB Security
BTC are payed once a week as dividents in the GMP Security
This way it is possible to:
1. Buy new shares
2. Exchange dividends on https://vircurex.com into any traded cryptocurrency or fiat
DVB does not take any mining fee! 100% of the hashingpower goes to dividends
If the pools do not have to actually mine DeVCoins, only pay out in DeVCoins, then I am not convinced the unexpanded plan is good so I would prefer making it that they actually have to mine DeVCoins rather than to reward a larger number of pools for (potentially) not actually mining them.
So I guess if you are happy with the current bounty being only for paying out in devcoins I'd suggest instead of adding to the number of bounties for that, create a boiunty for pools that actually mine the stuff.
If however actually mining the chain as well as paying out in the chain's coins is actually part of the requirements already then yes certainly as you said its a very important service worth making sure there are a few of.
-MarkM-
So I guess if you are happy with the current bounty being only for paying out in devcoins I'd suggest instead of adding to the number of bounties for that, create a boiunty for pools that actually mine the stuff.
If however actually mining the chain as well as paying out in the chain's coins is actually part of the requirements already then yes certainly as you said its a very important service worth making sure there are a few of.
-MarkM-
When the devcoin pool bounty was first announced:
https://bitcointalksearch.org/topic/m.1125683
it was the standard bounty, with four decreasing awards. The standard bounty is meant for services where we only need one, but are willing to pay for four so that we're sure to have at least one running. On further reflection, I realized that since each pool has a different clientele, the pool bounty is a different type of project, because each pool adds to the value of devcoin.
Therefore, I propose expanding the pool bounty from four awards to six awards. That would change the bounty to 12 generation shares for the first pool (which has already been awarded to Icoin), 10 for the second, 8 for the third, 6 for the fourth, 4 for the fifth and 2 for the last. Assuming another pool gets the award in this round or the next, this would slightly dilute the first pool award to Icoin, so if the expansion is accepted I would send him a million of my own devcoins to compensate for the potential dilution.
Are there any objections to expanding the pool bounty to six awards?
https://bitcointalksearch.org/topic/m.1125683
it was the standard bounty, with four decreasing awards. The standard bounty is meant for services where we only need one, but are willing to pay for four so that we're sure to have at least one running. On further reflection, I realized that since each pool has a different clientele, the pool bounty is a different type of project, because each pool adds to the value of devcoin.
Therefore, I propose expanding the pool bounty from four awards to six awards. That would change the bounty to 12 generation shares for the first pool (which has already been awarded to Icoin), 10 for the second, 8 for the third, 6 for the fourth, 4 for the fifth and 2 for the last. Assuming another pool gets the award in this round or the next, this would slightly dilute the first pool award to Icoin, so if the expansion is accepted I would send him a million of my own devcoins to compensate for the potential dilution.
Are there any objections to expanding the pool bounty to six awards?
Pool Bounty request!
for
http://glari.ch:3000/info?project_id=dvb
and
https://cryptostocks.com
http://178.195.18.168:9332
Shares dividends among shareholders in DVC & BTC
Total dividends paid: 1999999.99756818 DVC
https://cryptostocks.com/securities/14
conversion directly @ (trough) https://vircurex.com
The process is simple:
1. (Become a Miner) Join DVB by buing shares on cryptostocks.com
2. Get your DVC dividends payed out each week!
3. Buy new shares or exchange your DVC on vircurex.com to BTC or any other currency..
4 Enjoy your life
..
for
http://glari.ch:3000/info?project_id=dvb
and
https://cryptostocks.com
http://178.195.18.168:9332
Shares dividends among shareholders in DVC & BTC
Total dividends paid: 1999999.99756818 DVC
https://cryptostocks.com/securities/14
conversion directly @ (trough) https://vircurex.com
The process is simple:
1. (Become a Miner) Join DVB by buing shares on cryptostocks.com
2. Get your DVC dividends payed out each week!
3. Buy new shares or exchange your DVC on vircurex.com to BTC or any other currency..
4 Enjoy your life
..
I examined the 'DVB - Devcoin Bounty' stock at:
https://cryptostocks.com/securities
and saw that it paid out the stated amount of devcoins. So the initial 6 share part of the 12 share total first award of the devcoin pool bounty:
https://bitcointalksearch.org/topic/m.1125683
will be paid to Icoin in the next round, round 15. I'll look at the pool a month from now, on September 24, and if it is still operating it will get the remaining 6 shares of the bounty in round 16.
Quote
Pool Bounty request!
for
http://glari.ch:3000/info?project_id=dvb
and
https://cryptostocks.com
http://178.195.18.168:9332
Shares dividends among shareholders in DVC & BTC
Total dividends paid: 1999999.99756818 DVC
https://cryptostocks.com/securities/14
conversion directly @ (trough) https://vircurex.com
for
http://glari.ch:3000/info?project_id=dvb
and
https://cryptostocks.com
http://178.195.18.168:9332
Shares dividends among shareholders in DVC & BTC
Total dividends paid: 1999999.99756818 DVC
https://cryptostocks.com/securities/14
conversion directly @ (trough) https://vircurex.com
The process is simple:
1. (Become a Miner) Join DVB by buing shares on cryptostocks.com
2. Get your DVC dividends payed out each week!
3. Buy new shares or exchange your DVC on vircurex.com to BTC or any other currency..
4 Enjoy your life
@ Unthinkingbit DVB furfills allready all needed points of the Pool Bounty! We pay out and it is even possible to buy security shares in DVC.
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The bounty is for any pool which allows the conversion of any part of the mining earnings to devcoins, in some way
100% of the pool hashrate is payed out to shareholders (miners) in DVC trough the DVB security. We mine for whole blocks trough the p2pool merged mining node glari.ch:9332Quote
Paying out converted devcoin transactions worth a total of at least 1 BTC gets half the bounty rounded up
1999999.99 DVC was payed out to shareholders allready
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The pool operator must explain how the exchange rate is calculated.
Exchange rate is calculated accoring to the actual exchange rate of Vircurex.comDVB does not take any fee!! All fees are the standart fees from Cryptostocks or Vircurex
Not for API calls really, no. I expect the GUI java client would be the tool normal folk would use. There are movies and such though, even for some script based stuff. I haven't gotten as far myself as how to look up recent trades from a script, since until I first learned how to get scripts to post offers I didn't expect there to be many trades for other scripts to go looking for.
Open Transactions wiki: https://github.com/FellowTraveler/Open-Transactions/wiki/
Open Transactions TV: http://open-transactions-tv.github.com/
Open Transactions walkthrough on vimeo: http://vimeo.com/28141679
-MarkM-
Open Transactions wiki: https://github.com/FellowTraveler/Open-Transactions/wiki/
Open Transactions TV: http://open-transactions-tv.github.com/
Open Transactions walkthrough on vimeo: http://vimeo.com/28141679
-MarkM-
For secure data transfer one would set $server and $assetID to plug into "opentxs getmarketoffers" and your open transactions API would go get market offers about the specified asset at the specified server, using your nym's private key to encode your transmissions to the server's public key and the server encoding responses using its private key to your nym's public key.
Do you have a page somewhere that describes how one accesses your Open Transactions exchange in simple terms so ordinary users can use it? How does that translate into an exchange rate that can be used by someone to work out values for conversion? Where's the list of recent trades? That's also an unsecured html page on some random domain with no proof it belongs to open transactions or that it has been modified "in flight" via mitm attack.
For secure data transfer one would set $server and $assetID to plug into "opentxs getmarketoffers" and your open transactions API would go get market offers about the specified asset at the specified server, using your nym's private key to encode your transmissions to the server's public key and the server encoding responses using its private key to your nym's public key.
-MarkM-
How does that translate into an exchange rate that can be used by someone to work out values for conversion? Where's the list of recent trades? That's also an unsecured html page on some random domain with no proof it belongs to open transactions or that it has been modified "in flight" via mitm attack.
"Paying out converted devcoin transactions worth a total of at least 1 BTC gets half the bounty rounded up. The transaction rate must be within 10% of the rate of a major exchange, like Open Transactions or vircurex. If the pool is paying out converted transactions a month later, it will get the remainder of the bounty."
How would one determine what the exchange rate is on Open Transactions? I don't see a list of trades or current rate or anything.
These don't look like pools. How does it work?
How does this pay Devcoins?
How does this pay Devcoins?
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