HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 227.

unick

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Quote from: solarion on April 13, 2014, 09:17:50 PM

Quote from: unick on April 13, 2014, 09:09:45 PM

The more I think of it, what has been done in FairCoin is an address swapping mechanism, they use http://wafflepool.com/ (witch pays in BTC). So if you swap the HBN address for a BTC address and use wafflepool's infrastructure, then when the amount of BTC is big enough, you buy HBN and then distribute it back to the matching HBN address.

I think it's brilliant and could be done fairly quickly. at least it could be a start.

That's the system the Zeitcoin devs implemented yesterday. The price has since doubled. Though to be fair, it did double from extremely low levels.

It seems to be a good system to create demand.

I don't know how it's going to play out for HBN, but it is extremely hard to mine this coin, so this could help people that want to mine their way in at much bigger scale since the supply comes from the market. Plus it's could create a nicer liquidity those PoS block looking to be sold.

ryanb

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Quote from: Tranz on April 13, 2014, 09:50:10 PM

Quote from: ryanb on April 13, 2014, 09:31:35 PM

i am using 1.4

all i did is i typed repairwallet and nothing else

If it is for the default wallet that should work. Otherwise you can also use the menu Wallet->repairwallet command. You will need to give focus to that current wallet first that has the orphans.

Thanks worked like a charm

Tranz

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May the force bit with you.

Quote from: ryanb on April 13, 2014, 09:31:35 PM

i am using 1.4

all i did is i typed repairwallet and nothing else

If it is for the default wallet that should work. Otherwise you can also use the menu Wallet->repairwallet command. You will need to give focus to that current wallet first that has the orphans.

ryanb

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Activity: 1148

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i am using 1.4

all i did is i typed repairwallet and nothing else

solarion

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Quote from: unick on April 13, 2014, 09:09:45 PM

The more I think of it, what has been done in FairCoin is an address swapping mechanism, they use http://wafflepool.com/ (witch pays in BTC). So if you swap the HBN address for a BTC address and use wafflepool's infrastructure, then when the amount of BTC is big enough, you buy HBN and then distribute it back to the matching HBN address.

I think it's brilliant and could be done fairly quickly. at least it could be a start.

That's the system the Zeitcoin devs implemented yesterday. The price has since doubled. Though to be fair, it did double from extremely low levels.

unick

sr. member

Activity: 504

Merit: 254

Yeah and it could be Scrypt/SHA256

I'm not sure, but i think the script BlackCoin used is available and the dev of FairCoin seemed to be able to put something together rather quickly, so it shouldn't be so bad.

The more I think of it, what has been done in FairCoin is an address swapping mechanism, they use http://wafflepool.com/ (witch pays in BTC). So if you swap the HBN address for a BTC address and use wafflepool's infrastructure, then when the amount of BTC is big enough, you buy HBN and then distribute it back to the matching HBN address.

I think it's brilliant and could be done fairly quickly. at least it could be a start.

z0rr0

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Activity: 303

Merit: 250

Ohh.. you guys mean a scrypt profit switching pool with an option to payout in BTC/LTC/HBN...hmm interesting idea, but may be too complex, I think HBN needs more exchanges first.

P.S. what a pump that Blackcoin has...and in relation to HBN, the list of exchanges which trade BC is quite big, the trading volume at Cryptsy is astonishing too, I guess that is what PR/rush/greed do? We'll see... I'm not sure that future is in pure PoS, yes it is energy saving, but it is all about the initial distribution while PoW was active, and someone could jump aboard, and others forced to buy with BTC.
With combined systems like HBN - people have a choice - mine it/buy it/pos it/give it for charity.

I just like that warm valve atmosphere HBN has, with steady development and community support, but its just me.

unick

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Merit: 254

Quote from: z0rr0 on April 13, 2014, 05:41:58 PM

HBN profitability occasionally gets higher than LTC, the whole 15 000 MH/s of multipool hits the HBN network.
HBN profitability calculates every next block, and its immediately goes down, multipool switches back to LTC/DOGE/whatever, thus lefting the HBN network with previous steady hashrate...

I don't think that mining directly HBN would be good because of the diff retarget like you said.

But mining "the most profitable" coin getting paid in BTC and then the pool buys HBN with those BTC, could prove interesting.

That way we are not hitting too hard on the network and it put's buying pressure on the market,

I like the speed at witch HBN's price moves up,

But I think it could be a good way for more people to get into HBN, even those ASIC SHA256 miners could benefit from that since they don't directly mine the HBN but rather buy them with their BTC.

BlackCoin and FairCoin have been doing that and you can see the volume on MintPal being way above others. People seem to like that, plus it gets attention from the community!

Majormax

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Quote from: z0rr0 on April 13, 2014, 05:41:58 PM

I'm not sure if there any multipool, that pays out in something except BTC or LTC, the only multipool (and it is a 1st ever multipool, as far as I know) that pays out in exact mined coins (without automatical conversion into BTC/LTC) is multipool.us.
But it doesnt have HBN listed.

The current hashrate and PoW diff changing algorithm works quite well, balancing up and down over the LTC profitability.
So lets imagine what will be if, for example, multipool.us will add HBN to its list.
HBN profitability occasionally gets higher than LTC, the whole 15 000 MH/s of multipool hits the HBN network.
HBN profitability calculates every next block, and its immediately goes down, multipool switches back to LTC/DOGE/whatever, thus lefting the HBN network with previous steady hashrate...

I dont know, whats the point of it? Not sure if it is useful at the current stage.
The only pros I see is that more people may know about HBN, but the cons are possible chain fork, large amount of orphanes, when such a huge amount of hashrate will hit the network...

IDK, would be interesting to listen for other opinions.

Examples: Blackcoinpool has made BC one of the big cap coins in just 6 weeks. ECChouse will do the same for
ECC (among other factors). These are (or will be) primarily PoS coins.

If HBN community is interested in going down this route, maybe we can arrange it.

z0rr0

sr. member

Activity: 303

Merit: 250

I'm not sure if there any multipool, that pays out in something except BTC or LTC, the only multipool (and it is a 1st ever multipool, as far as I know) that pays out in exact mined coins (without automatical conversion into BTC/LTC) is multipool.us.
But it doesnt have HBN listed.

The current hashrate and PoW diff changing algorithm works quite well, balancing up and down over the LTC profitability.
So lets imagine what will be if, for example, multipool.us will add HBN to its list.
HBN profitability occasionally gets higher than LTC, the whole 15 000 MH/s of multipool hits the HBN network.
HBN profitability calculates every next block, and its immediately goes down, multipool switches back to LTC/DOGE/whatever, thus lefting the HBN network with previous steady hashrate...

I dont know, whats the point of it? Not sure if it is useful at the current stage.
The only pros I see is that more people may know about HBN, but the cons are possible chain fork, large amount of orphanes, when such a huge amount of hashrate will hit the network...

IDK, would be interesting to listen for other opinions.

Tranz

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May the force bit with you.

HBN is on poolwarz.com, not sure if it ever gets hit or not.

tokyoghetto

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Quote from: z0rr0 on April 13, 2014, 04:33:56 PM

Quote from: tokyoghetto on April 13, 2014, 01:26:50 PM

Any chance HBN can get a Multipool? That way we have three different ways to mine the coin.

Me personally dont think that this is a good idea, multipools can be dreadfull for coins with their huge power, while really big multipools seems dont mine HBN, some smaller and shady ones may be using HBN in their profitability calculations, thus causing some spikes of the network hashrates (wich is rare for now).

We have 3 major pools:
http://hbn.theblocksfactory.com
http://hbn.smartmining.net
https://scrypt.io/hbn

And they share the hashrate pretty well, theblocksfactory is the oldest and reliable, and smartmining has taken the lead with the low fees.

you need to give miners an incentive to mine HBN, the more hashes the merrier. Multipool miners would want to get paid in HBN and other pools will mine HBN to sell for BTC. This creates both buying and selling plus attracts more hashing power to the network, increasing the strength of the network and increasing its value.

z0rr0

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Quote from: tokyoghetto on April 13, 2014, 01:26:50 PM

Any chance HBN can get a Multipool? That way we have three different ways to mine the coin.

Me personally dont think that this is a good idea, multipools can be dreadfull for coins with their huge power, while really big multipools seems dont mine HBN, some smaller and shady ones may be using HBN in their profitability calculations, thus causing some spikes of the network hashrates (wich is rare for now).

We have 3 major pools:
http://hbn.theblocksfactory.com
http://hbn.smartmining.net
https://scrypt.io/hbn

And they share the hashrate pretty well, theblocksfactory is the oldest and reliable, and smartmining has taken the lead with the low fees.

Tranz

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May the force bit with you.

By Multipool I assume you guys mean, mine the most profitable coin and then dump it for HBN?

Yes I think Meska would be the one to hit up for that

unick

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Quote from: tokyoghetto on April 13, 2014, 01:26:50 PM

Any chance HBN can get a Multipool? That way we have three different ways to mine the coin.

I was thinking about that too.

Is someone up for the task to set this up? Maybe Meska? since he already has a pool up and running

EDIT: PM him, will see Wink

Tranz

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Quote from: ryanb on April 13, 2014, 03:14:43 PM

i did the repairwallet command but it didn't clear the orphans

Which version are you using ryan?

ryanb

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i did the repairwallet command but it didn't clear the orphans

tokyoghetto

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Any chance HBN can get a Multipool? That way we have three different ways to mine the coin.

Tranz

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Quote from: dogechode on April 13, 2014, 10:53:10 AM

Tranz, one other question - After it finished syncing, my recent transactions shows the orphans I've generated rather than the most recent transactions. So like it shows 2 orphan transactions from 4/9 and one from 4/7, but if I go to the full transactions list and sort by date then I can clearly see several transactions on 4/10, 4/11, and 4/12 - so why is it randomly deciding to show me those three orphaned mining attempts from 4/9 and 4/7 under recent transactions?

It sorts by status by default. You can resort it by date. You can also do as suggested and run repair wallet, which will remove them.

broken_pixel

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Quote from: dogechode on April 13, 2014, 10:53:10 AM

Tranz, one other question - After it finished syncing, my recent transactions shows the orphans I've generated rather than the most recent transactions. So like it shows 2 orphan transactions from 4/9 and one from 4/7, but if I go to the full transactions list and sort by date then I can clearly see several transactions on 4/10, 4/11, and 4/12 - so why is it randomly deciding to show me those three orphaned mining attempts from 4/9 and 4/7 under recent transactions?

Back up the wallet.dat file and run repair wallet and it will delete the orphans.

Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 227. (Read 478852 times)