Idena is the first Proof-of-Person Blockchain - page 110.

Xsinx

sr. member

Activity: 1036

Merit: 253

Quote from: ebykamsiokoro on January 22, 2020, 07:13:48 AM

Yea ok so this is a very simple ways of joining the crypto mining community, for a noob. At least the requirements are quite minimal but then, I hope the returns are worth it?

As of this time its being sold via discord OTC for 165sats upto 250 sats. Is it worth it? Mining it will cost almost NOTHING since you can easily run the wallet in background while you are watching youtube or browsing your facebook account and then turn it off when done.

It uses minimal CPU Power
Minimal RAM requirements
Even older laptop with 1GB ram will do
The only thing you need is to allocate atleast 1GB space on your HDD for the blockchain. For now its already using 1.04GB

Ive been running the wallet(mining ON) while playing a AAA games and it doesn't affect my gaming experience at all. All you need is a stable internet connection to mine Idena.

ebykamsiokoro

jr. member

Activity: 310

Merit: 1

Yea ok so this is a very simple ways of joining the crypto mining community, for a noob. At least the requirements are quite minimal but then, I hope the returns are worth it?

Yappuh

newbie

Activity: 7

Merit: 0

Quote from: DaMut on October 24, 2019, 05:32:43 AM

Quote from: AndrewIdena on October 24, 2019, 04:26:18 AM

Quote from: DaMut on October 24, 2019, 03:52:19 AM

Do you have any idea how many nodes are currently running right now?

There are 58 mining nodes running at the moment out of the total 75 validated addresses:
https://scan.idena.io/#miners

Quote from: DaMut on October 24, 2019, 03:52:19 AM

and what is the basic hardware requirement running the node?
I have a PC right now with 8 Gb ram and I am using this computer for 12 hours/day, I would like to run one of the nodes if it is possible using my personal computer.

That's fine for running the Idena node.

I have downloaded the wallet and running it on my computer.
this is not fine at all, my disk is running for 90%-95% when I am running the node. It makes my computer very slow, and hard to use.
I do not think it is possible to run the node on VPS too because my account will be suspended if I am running it on my VPS, it requires 90% of the disk to run the node.

This sounds like not enough RAM. What system are you running? Win 10 with 4GB?

Xsinx

sr. member

Activity: 1036

Merit: 253

Quote from: smyslov on January 21, 2020, 06:01:13 PM

Interesting this very unique I have never seen a feature like this in a coin, I once mine using my browser, but a turing test mining software is something all of us have not tried in the past, but this is subject for abuse also because a company can hire people to do turing test every 6 days, this will have a massive adoption and big exchange will list this coin.

Its easier said than done, Its not your usual captcha or turing code that you see everyday. If you want to test it out yourself without any invite code or downloading the wallet you can try it here - https://flips.idena.io/?pass=idena.io just add a dummy email address and you can see and solve the previous flips challenges.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: poptok1 on January 21, 2020, 11:27:09 AM

Quote from: smyslov on January 21, 2020, 10:35:40 AM

I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.

Sure that is mentioned at idena main page, under FAQ, economy section.
51,840 DNA to answer you question quickly, that is cap per 24 hours, total supply is unfortunately unlimited, cause idena is based on inflationary model with few quirks to slow the process of devaluation down. That would be burning coins that are a cost of translations, burning coins that were failed to stake, burning coins that are set as penality and also freezing 1% of coins as a countermeasure to inflation. Not bad i think but there is still few important features missing.

Interesting this very unique I have never seen a feature like this in a coin, I once mine using my browser, but a turing test mining software is something all of us have not tried in the past, but this is subject for abuse also because a company can hire people to do turing test every 6 days, this will have a massive adoption and big exchange will list this coin.

poptok1

hero member

Activity: 1638

Merit: 756

Bobby Fischer was right

Quote from: smyslov on January 21, 2020, 10:35:40 AM

I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.

Sure that is mentioned at idena main page, under FAQ, economy section.
51,840 DNA to answer you question quickly, that is cap per 24 hours, total supply is unfortunately unlimited, cause idena is based on inflationary model with few quirks to slow the process of devaluation down. That would be burning coins that are a cost of translations, burning coins that were failed to stake, burning coins that are set as penality and also freezing 1% of coins as a countermeasure to inflation. Not bad i think but there is still few important features missing.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: Yappuh on January 21, 2020, 10:15:11 AM

For me this coin has the potential to become adopted worldwide as a real cryptocurrency (not as a speculation object),
because the only thing you need to mine is a standard computer/laptop (later mobile as described in the white-papers) and a working internet-connection.
And the investment done by every identity is the same for every identity (node). You have to spend about 30 - 60 minutes to make the flips and do the validation each epoch (act. 6 days) plus the power you need to run the system is what makes the value.

I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.

Yappuh

newbie

Activity: 7

Merit: 0

For me this coin has the potential to become adopted worldwide as a real cryptocurrency (not as a speculation object),
because the only thing you need to mine is a standard computer/laptop (later mobile as described in the white-papers) and a working internet-connection.
And the investment done by every identity is the same for every identity (node). You have to spend about 30 - 60 minutes to make the flips and do the validation each epoch (act. 6 days) plus the power you need to run the system is what makes the value.

robelneo

legendary

Activity: 3416

Merit: 1225

Enjoy 500% bonus + 70 FS

Quote from: Xsinx on January 21, 2020, 05:32:13 AM

Quote from: robelneo on January 21, 2020, 04:44:04 AM

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

They are popular because of the type of distribution they made, Since Idena mining is a little bit complicated for newcomers it creates an entry barrier that limits the growth of the community.

With an average of 40 new nodes every validation it would be 1,000 nodes in the next 2 months and mining would become more harder and slower. This will create a shortage and the price of OTC will probably increase by that time.

I don't see any complication at all this is quite an exaggeration, it's much easier than setting up a mining rig and joining a mining pool if what you mean is the turing test people can practice it here https://idena.io/?view=flip_challenge#, I don't see any barrier at learning how to mine DNA, this project spread by out of the mouth and I don't see any reason why it will become popular in the next 5 months.

rendravolt

hero member

Activity: 2156

Merit: 521

Quote from: robelneo on January 21, 2020, 04:44:04 AM

Quote from: rendravolt on January 21, 2020, 03:23:21 AM

Quote from: slavo on January 21, 2020, 02:53:44 AM

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

Yes nano was crazy with the power of the community being able to get into binance and make the price so expensive at that time. Indeed, we cannot underestimate the power of the community in the crypto world, they know which projects are good for the future, rather than embracing the ICO scam project which last year until now still roams on the bitcointalk thread. I hope Idena will suffer the same fate as Nano and for the price with a slightly recovering market situation this could be for $10 - $30 per coin.

Xsinx

sr. member

Activity: 1036

Merit: 253

Quote from: robelneo on January 21, 2020, 04:44:04 AM

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

They are popular because of the type of distribution they made, Since Idena mining is a little bit complicated for newcomers it creates an entry barrier that limits the growth of the community.

With an average of 40 new nodes every validation it would be 1,000 nodes in the next 2 months and mining would become more harder and slower. This will create a shortage and the price of OTC will probably increase by that time.

robelneo

legendary

Activity: 3416

Merit: 1225

Enjoy 500% bonus + 70 FS

Quote from: rendravolt on January 21, 2020, 03:23:21 AM

Quote from: slavo on January 21, 2020, 02:53:44 AM

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

quantumj

jr. member

Activity: 56

Merit: 1

Quote from: robelneo on January 19, 2020, 10:58:19 AM

Quote from: quantumj on January 19, 2020, 09:57:42 AM

Your wallet is completely insecure.
How to block (encrypt) wallet to protect against unauthorized transactions?
How to unlock it only for mining ?
How to set a password?
How to configure network ?
Where is the wallet management console (debug)?

you can download the private key, set the password

You can't set the password!
https://idena.io/?view=guide#guide-install-3

Quote

Make sure to backup the nodekey file securely since the current node version 0.16.3 does not support private key encryption.

What is this nonsense?
How can dev disable the private key encryption feature?
You do not own your coins if you cannot encrypt them.
But developers can access them.
Or VPS owners can access them.
Also.
Every time you enter a password in "Settings" to export privkey you get a new private key.
This means that your password doesn't mean anything, because anyone can set a different password and gain access to the wallet.

rendravolt

hero member

Activity: 2156

Merit: 521

Quote from: slavo on January 21, 2020, 02:53:44 AM

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

slavo

hero member

Activity: 784

Merit: 500

ho my bad, I thought unvalidated accounts had expirations.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

What for? They do not need to mine DNA. They only need a wallet to deposit/withdraw coins. This can be done without verification.

Verification is necessary only if you want to become a node.

slavo

hero member

Activity: 784

Merit: 500

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Master.Squinter

newbie

Activity: 10

Merit: 0

I really like the concept of this project. I'll be dropping into telegram shortly to request an invitation once I reboot back into windows! Beautiful project. <3

Xsinx

sr. member

Activity: 1036

Merit: 253

Quote from: Pofick on January 20, 2020, 02:37:46 PM

Is there any statistics about percentage of virtual servers (AWS, DO) being used for hosting nodes among all nodes? Is such percentage being significant considered to be bad for decentralization?

Someone already mention in telegram groups that they are requesting a world map of nodes. Maybe this way we can see how far and how wide the reach of idena.

Quote

Why used flips are still publicly available to watch and grab via idena explorer? Could it be used for the purpose of machine learning and creating a botnet?

Those old flips from past epochs will not be used again in the next validation.

Pofick

hero member

Activity: 600

Merit: 511

Is there any statistics about percentage of virtual servers (AWS, DO) being used for hosting nodes among all nodes? Is such percentage being significant considered to be bad for decentralization?

Why used flips are still publicly available to watch and grab via idena explorer? Could it be used for the purpose of machine learning and creating a botnet?

Topic: Idena is the first Proof-of-Person Blockchain - page 110. (Read 44019 times)