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Topic: Ixcoin TODO - page 277. (Read 631747 times)

donator
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Gerald Davis
November 27, 2013, 12:16:26 AM
Ok your right.  Miners are expending massive massive amounts of cost to mine pennies worth of IXC.  They are all doing this because they are stupid.  You win.
legendary
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November 27, 2013, 12:11:55 AM
There is no cost from the miner's perspective, there is a limit on how many free coins he/she may be able to obtain but there is no cost.

It would be like me giving you one free dollar per day and then you saying it isn't free because there are trillions of dollars and if you want more than one you will need to sell goods or service.  It doesn't change the fact that the one dollar a day is still free.

No, it is not!  You can't unbundle it from the other item that is being acquired.  

It is like buying a GPU and getting a game bundled with the price.  However, you can't get the game for free by itself.   How is the game free?  You may market it as "get a game for free", but that is just a play on words.  Just to add to the analogy,  the bundled game is only available on some stores and not all.

donator
Activity: 1218
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Gerald Davis
November 27, 2013, 12:05:10 AM
There is no cost from the miner's perspective, there is a limit on how many free coins he/she may be able to obtain but there is no cost.

It would be like me giving you one free dollar per day and then you saying it isn't free because there are trillions of dollars and if you want more than one you will need to sell goods or service.  It doesn't change the fact that the one dollar a day is still free.
legendary
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November 27, 2013, 12:02:41 AM
Well nobody would mine IXC by itself.  Nobody is going to mine a coin which is either massive unprofitable or returns <1% compared to mining Bitcoin because they always have the option of just mining Bitcoin.  The only reason there is so much hashpower behind IXC is because merge mining does make it free. What additional cost is there?   A pool or solo miner may have to run an extra client but for a pool miner there is no cost at all.  

Point hardware at a pool and either get
a) x BTC per day
OR
b) x BTC per day PLUS y IXC.

So how exactly is there a cost?

There is obviously a cost from the miner perspective here.   Maybe not for the pool operator, but for the miner there is a cost.  He doesn't get IXC for free, he has to choose a pool that provides the merged service for IXC.  Furthermore, he only receives the fraction of the coins available relative to his hash rate.  He can't acquire all the coins available.

A miner can select a pool that charges a percent,  a pool that merges other coins, a pool that has a bigger percentage of the network or he can go solo.  All of this goes into his equation for profitability.  But in the end, he has to deliver the hash rate or he gets nothing.

Merge mined coins don't come free.  What merged mine costs is to improve the profitability of mining.  Which incidentally is the basis of the existence of other alt coins.  Allow folks to mine coins with higher profitability.  

donator
Activity: 1218
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Gerald Davis
November 26, 2013, 05:28:07 PM
Well nobody would mine IXC by itself.  Nobody is going to mine a coin which is either massive unprofitable or returns <1% compared to mining Bitcoin because they always have the option of just mining Bitcoin.  The only reason there is so much hashpower behind IXC is because merge mining does make it free. What additional cost is there?   A pool or solo miner may have to run an extra client but for a pool miner there is no cost at all.  

Point hardware at a pool and either get
a) x BTC per day
OR
b) x BTC per day PLUS y IXC.

So how exactly is there a cost?
legendary
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November 26, 2013, 04:32:42 PM
That's exactly the beauty of this coin as compared to other alt-coins.  You can't mine it cheaply and make a profit selling.

What is cheaper than free?  Nobody is paying anything extra for all that hashpower to merge mine IXC.

What I mean to say is that if you don't merge mine it, then it will be expensive to mine.

Now let's talk a minute here about merge mining,  the only way for an individual to get any ixcoin is to merge mine with bitcoin.  However, the coins that this individual will gain in a percentage of the current network, and in most cases that will be very small.   To say it is free is plain ridiculous from a miner's perspective.  

If it were indeed free as you claim it all to be, then how about coughing up 10K iXcoins for this port? 

donator
Activity: 1218
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Gerald Davis
November 26, 2013, 04:24:55 PM
That's exactly the beauty of this coin as compared to other alt-coins.  You can't mine it cheaply and make a profit selling.

What is cheaper than free?  Nobody is paying anything extra for all that hashpower to merge mine IXC.
legendary
Activity: 2940
Merit: 1090
November 26, 2013, 02:27:24 PM
Huh? It is pretty near free to mine it. Just add it into your merge if for some reason your merge does not already include it.

People have had years to pick up namecoin, groupcoin, devcoin, ixcoin, i0coin, coiledcoin and geistgeld pretty nearly free right alongside their bitcoins, if they haven't been doing so that is their own shortsightedness its not like they weren't given the opportunity.

p2pool is pretty darn simple to merged-mine with and really only geistgeld, with its very fast blocks and its very quickly adjusting difficulty, ever really gave any problems. (Its difficulty would drop way below one, like 0.06 or so, causing it and p2pool to get spammed by the cgminer. But that really only happened because so many people were being too darn lazy to add it to their merge. If more people had merged it the problem maybe would never even have been seen.)

-MarkM-
legendary
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November 26, 2013, 02:12:25 PM
Ixcoin
Actual block: 174485
80% of IXC coin mined at block: 175000



Let's be honest, it is too expensive to mine iXcoin.   At 1.7 petahashes, you will be losing money on just the power alone.

So the only way to acquire iXcoin now is to buy it on the open exchanges.   

That's exactly the beauty of this coin as compared to other alt-coins.  You can't mine it cheaply and make a profit selling.
legendary
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November 26, 2013, 05:10:07 AM
Shocked Sad Shocked Shocked
Maybe it was better to buy more IXC  Huh

Still very early in the game.  I suggest accumulating more.

I posted in another thread my plan to enhance this coin further.

3 prong approach.

(1) Secure even greater network hash rate by signing up more pools.

(2) Secure more liquidity by getting on more exchanges. 

(3) Develop more tools for users.  Beyond the 0.8.5 client, a BitArmory Wallet looks like next best.

What we are looking here will be the most secure coin right after Bitcoin. 

Also remember, this coin has been around since early 2011,  what other coin can lay that claim?
legendary
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November 25, 2013, 08:25:06 PM
CEO of Coin rapers?
I didn't know coins could be raped. I didn't know that coin-rapers had a CEO either. How ignorant I am!!!!  Grin


Lol, don't get me started.

I gotta go out of town.  Out of the country actually - leaving in an hour.  I'll be in Eastern Europe visiting family for the holidays so I don't know when I'll be back on.

Take care guys!!!

Well, you're in for a big surprise when you land in Europe!
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
November 25, 2013, 12:25:35 PM
CEO of Coin rapers?
I didn't know coins could be raped. I didn't know that coin-rapers had a CEO either. How ignorant I am!!!!  Grin


Lol, don't get me started.

I gotta go out of town.  Out of the country actually - leaving in an hour.  I'll be in Eastern Europe visiting family for the holidays so I don't know when I'll be back on.

Take care guys!!!
sr. member
Activity: 294
Merit: 250
November 25, 2013, 10:59:56 AM
IXC only has a hashrate because of bitparking.

Clearly you don't know what you are talking about.
hero member
Activity: 518
Merit: 500
Bitrated user: ahmedbodi.
November 25, 2013, 10:40:34 AM
solracx even you cant deny that his ranting and raving about ixcoin is becoming annoying i couldnt give a toss about what he spends and on what. the guy i used to consider "normal" but since nug went into the gutters hes been nothing but a maniac. IXC only has a hashrate because of bitparking. wether anyone wants to admit it or not. if bytecoin was merged mined like i planned that would have a similar hashrate.
sr. member
Activity: 294
Merit: 250
November 25, 2013, 09:37:50 AM
vlad2vlad your a douche. the closest bitcoin copy is bytecoin so jog on!

i should know. it is a straight copy of bytecoin with only the ports, name and various other paramters which keep it as a different chain. SPEC wise it is a straight copy, so you can stop the hyping and bragiing that ixc is the best since its the closest copy since its not. IXC is a shitcoin which was left dead by the creator and he only came back to make an idiot like you go off on one again. You know? youve become the most unbearable person on this forum, even worse than finshaggy and spoetnik




Dude,  I find it disturbing that you're trying to kill this guy's character just because you don't agree with him.

Vlad has invested like 65 BTC on ixcoin ( and the man is unemployed with children ).  So you can see why he's seriously committed to this stuff.

Now let's compare IXC compared to BTE in technical merit.    I'll be honest with you, no competition.

Why?  Look at the hash rate and difficulty.  Not even close! 
hero member
Activity: 518
Merit: 500
Bitrated user: ahmedbodi.
November 25, 2013, 06:46:14 AM
vlad2vlad your a douche. the closest bitcoin copy is bytecoin so jog on!

i should know. it is a straight copy of bytecoin with only the ports, name and various other paramters which keep it as a different chain. SPEC wise it is a straight copy, so you can stop the hyping and bragiing that ixc is the best since its the closest copy since its not. IXC is a shitcoin which was left dead by the creator and he only came back to make an idiot like you go off on one again. You know? youve become the most unbearable person on this forum, even worse than finshaggy and spoetnik

legendary
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November 25, 2013, 06:32:40 AM
And this is where ixCoin has the biggest advantage and stands alone:  it is a perfect identical clone of Bitcoin with more liquidity.

You keep saying that but it is not true.  

IXC lacks support for P2SH, multi-sig, dust prevention.  On top of that it is missing about two dozen security and performance enhancements.  It uses the older flawed database system.  It has a different minting rate,  support to miners will drop to zero aburptly, and it has an unknown future in the case of cheap ASIC based 51% attacks if miners drop it from merge mining.

By your logic every single altcoin is a perfect identical clone of Bitcoin.

Here we go again, splitting hairs and then you'll switch and bend your story to make it fit.

You techies really miss the big, huge, gigantic picture regarding what's really going on.

I didn't call all these crazy predictions and get them right by thinking like you guys and the smart money just beginning to come in now think like me, not you engineer, programmer types.

Investors like me don't give a shit about services, features, devs, multi sig, P2SH, power windows, anti lock breaks or any other shit which is irrelevant at this point or can be easily added later (if necessary).

The masses coming in right now are looking at one thing:   Which one of these ShitCoins is as close to Bitcoin as possible cause odds are that will be the best bet for the next big coin.

That's it, it's that simple!!!!!

And the masses look at the simple and obvious things because they do not understand the rest. 

Therefore they're looking at the amount of coins out which affects future dilution, they look at the dev name and see that hey, it's a Japanese guy just like that Satoshi guy, they look at the block time and the fact the coin is also deflationary (which means it will most likely go up instead of being inflated like the dollar), they look at the name to see if it's something decent or catchy (for this reason I'm certain ixCoin will go on to be called xCoin - and for this reason some coins like digital coin, gold coin, etc, will have large unexplainable spikes in price) and they look for how they can mine this coin (and surprise, this Bitcoin clone can be mined for free with Bitcon).

So in this regard, ixCoin is the closest identical clone to Bitcoin.  It's really that simple but you people keep thinking that the masses who barely know how to use word and investors who know even less are gonna come in here and invest based on this tech jargon.  That's total bullishit and the spikes in most alt coins of the past few days should have proved this but it seems some of you are really thick headed.

ixCoin is the closest thing and the only alt coin which can be compared, side by side, with Bitcoin and be marketed as the next Bitcoin on its many similarities.

But you go buy your coins based on features and services and all the bullshit tech jargon nobody in this world will care about and I will continue with my investment theiries cause so far I've kicked all your asses in my predictions and I have made what seemed like impossible poredictions.

And I stand by my latest impossible prediction:  ixCoin will go to ~$10 in the next 30-90 days.  And the only way this is possible, given ixCoin has nothing to offer in technical terms (ie. features, services, dev, etc.) is if I am correct and some high profile figure [or hedge fund] comes out and says exactly what I'm saying [and invests in ixCoin] or the masses together come to this same realization - the former is more likely since the masses are clueless.

So be smart, regardless of what coin you're holding, don't sell as this tidal wave of new speculative millions is just beginning and it will build massive momentum into Christmas and will continue well into Q1, 2014 and it will make today's prices look like a total steal.

Bitcoin today is ~$800, DGC ~$.05, LTC ~$10, and ixCoin ~$.07.

Do not sell for a 10-fold unless you invested $100,000+.  A ten fold will be nothing come next year.  Hold out for 100 fold, especially if you own ixCoin as that will bring 500 fold (50,000%) and more.

Mark it!


Valid points about the technical features and the need for marketing.

However, we all have to agree, a lack of perceived investment on the technical aspects of this coin has caused it to languish.   First step in marketing this coin is to BUILD CREDIBILITY.

I wan to see the IXC community putting their money with their mouth!!  I want to see real investments! 

iXcoin is in currently a unique and enviable position, please don't ruin it by failing to invest in infrastructure.

legendary
Activity: 868
Merit: 1000
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November 25, 2013, 06:04:25 AM
./ixcoind -datadir=data listaccounts
{
    "" : 0.00000000,
    "development" : 0.00000000
}


send me something, anything!

xafY3B4znrehB7amxxusiXgqfH68bT3C53




Thanks for sending me some change to test the 0.8.5 version of the coin:

./ixcoind -datadir=data listtransactions
[
    {
        "account" : "development",
        "address" : "xafY3B4znrehB7amxxusiXgqfH68bT3C53",
        "category" : "receive",
        "amount" : 0.99900000,
        "confirmations" : 46,
        "blockhash" : "674d3ba89a77fb8716465e50ea7e61e4822eee289d7f35928d4ddb3329e16d15",
        "blockindex" : 1,
        "blocktime" : 1385356862,
        "txid" : "a3e03a5ebba9c78c3acf2648576d42fba91fdab69937252ad08457d6994de699",
        "time" : 1385356865,
        "timereceived" : 1385356865
    },
    {
        "account" : "development",
        "address" : "xafY3B4znrehB7amxxusiXgqfH68bT3C53",
        "category" : "receive",
        "amount" : 9.99900000,
        "confirmations" : 38,
        "blockhash" : "000d0c5f2fe31979cdd49f7fdf3f777599444e92df7a85037d0d265931afd176",
        "blockindex" : 1,
        "blocktime" : 1385359503,
        "txid" : "6e8e4ccdebcf10986a3be4c6613a2b59db8846c872267a2a6c51f3860d0e9fac",
        "time" : 1385359503,
        "timereceived" : 1385377214
    }
]

Community, your current stingy-nest continues to amaze!

Anyway, I'm going to slog on here regardless!  Next steps:

Creating the QT clients - Windows, MacOSX and Ubuntu.
Setting up permanent seed nodes - I want to purchase 2 x 2 year contracts for digitalocean droplets for 2 permanent nodes until 2015.   I will need contributions for this,  cost is $5 per month per node,  that is $60 per year for a total of $120.   So if I can sell IXC for $.1 today,   I will then need 1,200 IXC for this.  Could some one set up the contribution pool for this and I will set up the droplets?



legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
November 25, 2013, 02:34:54 AM

IxCoin just popped another ~40%.

Many coins are going up (due to a massive influx of new capital) but ixCoin is really tearing it up (right on time and exactly how I've been predicting and in the timeframe I predicted of 30 to 90 days).


And by comparison, look at i0Coin, essentially same coin yet it has hardly gone up.  The gap is getting much wider in fact which makes no sense if you're looking, like most, at the code and code upgrades and hard cap and protocol and other such irrelevant things which is exactly what I've been saying:  you techies have it all wrong in regards to what the masses and investors will look for when buying a coin.

So maybe Death and Taxes and other haters on here can now admit they were totally wrong about ixCoin or do you guys wanna wait a few more weeks for $1.

Once again, for the dense population:  I expect ixCoin to go to ~$10 in the next 30-90 days.

Please do remember how ridiculous, impossible and absurd such a prediction was when I first made it some 1 week ago when ixCoin was just 2 cents.

Cause many of you haters mock and hate and then after the fact come out and act like my impossible predictions were no big deal and you knew it all along.  I find those people to be the most despicable haters of the bunch.
legendary
Activity: 2940
Merit: 1090
November 25, 2013, 12:43:33 AM
So is that the latest I0Coin code, with I0Coin crossed out and IXCoin written in instead along with IXCoin's reward schedle ports IRC channel etc?

-MarkM-
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