Topic: [NSFW] Official Sexcoin Thread - New MANDATORY upgrade: KGW Timewarp attack FIX - page 99. (Read 307651 times)
September 20, 2013, 05:49:41 PM
Yep will interesting to see what happens, this particular bot can be reprogrammed by xml or something, really I don't know the in's and out's but things designed to exploit money out of people is not very customer friendly. And reading the chat today, there is latency and other problems, I can only think this type of thing would only exacerbate any problems for all users.
September 20, 2013, 05:43:15 PM
Any bot can be exploited once you know its parameters
September 20, 2013, 05:40:54 PM
Its not, nor is being of cryptsy until we see what effect the auto trader bot ping pong thingie has.
September 20, 2013, 05:34:49 PM
Just checked our network stats...
We are at a reasonably steady 50Mh, ..30 on the lavapit, 10 on gr33ks pool and 5 on the p2pool..
It seems miners are quite happy to get a few coins less on a growing network, as long as the hashrate is reasonably steady.
It's the huge jumps and difficulty rises that prevent the network from growing, and actually retard or regress growth..
I'm wondering if, at the moment, being off coinchoose is such a bad thing..
We are at a reasonably steady 50Mh, ..30 on the lavapit, 10 on gr33ks pool and 5 on the p2pool..
It seems miners are quite happy to get a few coins less on a growing network, as long as the hashrate is reasonably steady.
It's the huge jumps and difficulty rises that prevent the network from growing, and actually retard or regress growth..
I'm wondering if, at the moment, being off coinchoose is such a bad thing..
September 20, 2013, 04:39:13 PM
Hi,
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
10 block readjustment with a poison pill of if hash triples from one block to the next raise diff to 10 times over
lava's gone with a 30 block readjustment, but it can be tweaked as he already has the next client that fixes the magic number issue.. he can hold back on that and do whatever tweaks or improvements he wants..
Our problem hasn't been multipools, it's been miners using auto switching software. Of course if we had a higher hashrate as well, they would have less of an effect..
September 20, 2013, 11:54:59 AM
Hi,
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
10 block readjustment with a poison pill of if hash triples from one block to the next raise diff to 10 times over
September 20, 2013, 07:38:56 AM
Where are you guys selling your coins with PhenixEx down. I'm trying to get some cash to pay my electricity bill.
PhenixEx is up for me. Have withdrawn a few SXC i have bought just a few hours ago and got them in my wallet within seconds.
September 20, 2013, 07:13:45 AM
Hi,
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
IMO you (meaning the SXC dev team) have a very healthy point of view here.
Reading this forum gives me the impression that many (if not most) people here seem to think the purpose of a coin is being mined. Just think of ASICcoin - it was "developed" to be mined by ASIC owners. I've rarely seen such bullshit.
The real purpose of coins is, of course, to be used. I'm happy to see that you've understood this and that you're putting work into getting it there. That's why SXC is going to generate worth.
The purpose of mining is keeping a coin alive, i. e. making it work. Therefore multipools are dangerous in their effects. The only countermeasures I can see right now are quick difficulty readjustment plus a significant base of loyal miners. You've hopefully solved the former. I think the latter is indirectly also achieved by what you're doing, i. e. you're a loyal hard-working team interested in a bright long-term future of your coin.
I think SXC is on a good way.
September 20, 2013, 06:27:08 AM
Multipools + AutoSell
Its more profitable to mine alts and then convert to BTC, several multipools are out there now attracting people with claims of "Always be mining the most profitable coin" but just look at coinchoose, refresh it every 5 minutes and you see the top coin changes all the time because the pools mess with difficulty in a big way.
regular miners end up getting screwed over by massively high difficulties after only a few minutes of the huge hash rate multipool being on the coin.
eventually miners realise its not profitable to mine the coin most of the time and move to another, which just leaves the daily dumping of the coin for the multipools.
which leads to the eventual demise of coins being mined by the pool.
This isnt the only factor, but im fairly sure its a big one!
Its more profitable to mine alts and then convert to BTC, several multipools are out there now attracting people with claims of "Always be mining the most profitable coin" but just look at coinchoose, refresh it every 5 minutes and you see the top coin changes all the time because the pools mess with difficulty in a big way.
regular miners end up getting screwed over by massively high difficulties after only a few minutes of the huge hash rate multipool being on the coin.
eventually miners realise its not profitable to mine the coin most of the time and move to another, which just leaves the daily dumping of the coin for the multipools.
which leads to the eventual demise of coins being mined by the pool.
This isnt the only factor, but im fairly sure its a big one!
I have posted about the likely root causes.
First of all, multipools are erasing the identities of altcoins -- especially when they are being auto-traded for BTC. These auto-trades are driving down the market price because logic isn't taken into consideration -- they're just being dumped at what should be below market value. However, once these dumps occur, the resulting sale price becomes the new market value. Smart buyers are laying out lower offers knowing that the big dumps will drive the price down into their net...and sellers are competing with auto-sellers that don't care about the value or identity of the coins being sold.
Another issue is the flood of garbage coins that are getting listed on the major exchanges. Each week, more and more of these copy/paste coins are rolling out that are designed to be nothing more than a pump-and-dump scheme. For example: ASC, SAV, TGC, VLC, and ELP -- these were all released by the same deceitful dev under different names. Then, the same group of usernames proceed to campaign aggressively to get the currencies added to Cryptsy (using grammar that is so bad it's borderline-criminal, really.) People mine these coins (or buy them once they hit the exchanges) thinking it's a good investment...but as soon as the clowns at the top dump everything they walk away and everyone else that invested in the coins is left holding the bag. Even though there are only a few bad seeds in the mix, it's enough to erode trust across the entire market. The altcoin world is the wild west and con artists continue to execute the same scam over and over because there is no regulation or authority to verify anything. I mentioned it earlier today in the Cryptsy thread, but if they keep listing these coins and allowing these bums to profit off this crap the altcoin industry is doomed.
There are simply far too many coins out there that provide nothing new, have no services, and yet people are willing to invest in them only to get burned. People are pulling out of altcoins as fast as they were flooding in last month and it is eroding demand across the board.
First of all, multipools are erasing the identities of altcoins -- especially when they are being auto-traded for BTC. These auto-trades are driving down the market price because logic isn't taken into consideration -- they're just being dumped at what should be below market value. However, once these dumps occur, the resulting sale price becomes the new market value. Smart buyers are laying out lower offers knowing that the big dumps will drive the price down into their net...and sellers are competing with auto-sellers that don't care about the value or identity of the coins being sold.
Another issue is the flood of garbage coins that are getting listed on the major exchanges. Each week, more and more of these copy/paste coins are rolling out that are designed to be nothing more than a pump-and-dump scheme. For example: ASC, SAV, TGC, VLC, and ELP -- these were all released by the same deceitful dev under different names. Then, the same group of usernames proceed to campaign aggressively to get the currencies added to Cryptsy (using grammar that is so bad it's borderline-criminal, really.) People mine these coins (or buy them once they hit the exchanges) thinking it's a good investment...but as soon as the clowns at the top dump everything they walk away and everyone else that invested in the coins is left holding the bag. Even though there are only a few bad seeds in the mix, it's enough to erode trust across the entire market. The altcoin world is the wild west and con artists continue to execute the same scam over and over because there is no regulation or authority to verify anything. I mentioned it earlier today in the Cryptsy thread, but if they keep listing these coins and allowing these bums to profit off this crap the altcoin industry is doomed.
There are simply far too many coins out there that provide nothing new, have no services, and yet people are willing to invest in them only to get burned. People are pulling out of altcoins as fast as they were flooding in last month and it is eroding demand across the board.
From a different thread... Bold added for emphasis. The first section explains why we aren't on Coinchoose at the moment, the second why we aren't in a rush to get on Crypsty, at the moment.
The devs will get together and discuss the future direction of the coin.
Generally we care about our miners, and we don't want them ripped off by flash miners.
We care about our coin as well ..
Some idiot said "top devs are on their third or fourth coin" in one thread... Well we have three devs, two who worked almost every spare second for three months straight, with technical and other support from at least half a dozen others all on one coin, the other is concerned with developing and recruiting commericail sites, and started several days before we hit an exchange... I don't think "top devs" can produce one successful crypto currency in a couple of months much less three... Too many newbies running around thinking you get rich quick.. No-one except scammers have ever gotten rich quick. You don't get rich quick by selling a days worth of mining say 20,000 coins for 15$ worth of bitcoin... you get rich by mining said coins 24/7 for month after month, and then slowly selling them off when theres enough websites using them to make them worth a dollar each.
If just being a cryptocurrency was enough to mean real world value without actually being used as a currency, we'd just clone extreme coin, release it, and sit after our whole ten minutes of hard work and wait to rake the riches in.. we could call it "PlatinumBars" cause naming it after a precious metal adds real world value..
Right now the name of the game is to survive, we've already out survived a few coins, and theres more on the ropes while we are just about to hit our stride. Theres going to be dark days ahead for the alt-coins I think, and it's going to take alot of hard work to get there. Coins are going to need to be credible, we've got four websites but thats not enough. We already have plans to push for more as soon as we clear the hardfork.
But alot of that is my opinion, which is why we'll being discussing, debating and then rehashing opinions among the devs over the next several days, and deciding what direction to take.
As usual, anybody who has an opinion to post on the current altcoin climate is welcome to do so, we love getting different perspectives so we don't miss any angles
September 20, 2013, 04:19:23 AM
It was by dev request, won't go into details but it was a good move as the coin continues to improve. Will be back on coinchoose soon I am sure, cos it is a great website!
September 19, 2013, 11:53:03 PM
Does anyone know why SXC was removed from CoinChoose?
September 19, 2013, 01:27:48 PM
Where are you guys selling your coins with PhenixEx down. I'm trying to get some cash to pay my electricity bill.
https://coinex.pw/trade/sxc_btc
September 19, 2013, 01:21:48 PM
Where are you guys selling your coins with PhenixEx down. I'm trying to get some cash to pay my electricity bill.
September 18, 2013, 09:39:50 PM
Woohoo,.. Just had some rain.. Finally 
*some* rain he says - I had to slow down on Monday night - just north of where I am - I couldn't see *anything* infront of me. Was gone 30 mins later.
I'm inland, and haven't seen any rain for months... Worse than that, I'm surrounded by tinder dry bush,( quite a lot of it has grown over the last two wet summers) and eucalypts that have been dropping their branchs, leaves full of flamable oil all over the place.. One thrown cigerette, one car driving through tall grass with a hot catalytic converter or maybe just a carelessly thrown glass bottle acting as a lens for the sun, and I'm in serious trouble.. Nowhere to run, and no water to stand and fight..
September 18, 2013, 07:08:08 PM
The P2pool is at 62.2 Kh/s
Lavapit is healthy.
About 20k's of that was my poor old laptop keeping the front room warm.
HAHAHA! Glad to help you stay warm!
Damn, I want us to get to that 155.
we've still got a few hours until the retarget is reached...
September 18, 2013, 09:40:29 AM
The P2pool is at 62.2 Kh/s
Lavapit is healthy.
About 20k's of that was my poor old laptop keeping the front room warm.
HAHAHA! Glad to help you stay warm!
Damn, I want us to get to that 155.
September 18, 2013, 05:54:16 AM
The P2pool is at 62.2 Kh/s
Lavapit is healthy.
About 20k's of that was my poor old laptop keeping the front room warm.
September 18, 2013, 05:53:10 AM
Woohoo,.. Just had some rain.. Finally
*some* rain he says - I had to slow down on Monday night - just north of where I am - I couldn't see *anything* infront of me. Was gone 30 mins later.
September 17, 2013, 06:03:03 PM
Man....spooky quiet.
wtf?
wtf?
Me and my big mouth have been busy elsewhere ..LMAO
September 17, 2013, 03:35:07 PM
The P2pool is at 62.2 Kh/s
Lavapit is healthy.
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