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Topic: [POLL] Geist Geld restart - is it a good idea ? (Read 2661 times)

member
Activity: 112
Merit: 11
Hillariously voracious
September 13, 2011, 12:50:50 PM
#29
Please post support inquiries in the main thread.

I'll fire up my ghettobox with 250 mhashes just to see if I get a ton of orphans or somthing.

I will donate the Geists to you if you I get any, lol.

P.S.:
And I'm locking this, coz restart has restarted
hero member
Activity: 980
Merit: 506
Anyone mining this network will likely move on very quickly given that all their blocks will and are getting orphaned.

hero member
Activity: 980
Merit: 506
Well for a minute there I had 3 blocks now they are all orphaned.

Lolcust this network is pointless with someone like BitcoinEXpress out there.

hero member
Activity: 980
Merit: 506
Moreso why do I have an orphan with an amount of 7,769,999 coins?

Is this a manipulated chain from the start Lolcust?
hero member
Activity: 980
Merit: 506
I got one orphaned in 10 minutes.

Obviously bitcoinexpress is on this network.

Once again this is pointless if one person gets 95% of all the blocks.

hero member
Activity: 980
Merit: 506
I'm sure you do.
member
Activity: 112
Merit: 11
Hillariously voracious
Geist reset, with all updates, new awesome NTP by ArtForz and a milder diff adjust

With "crutches" pseudo-gui    http://www.mediafire.com/?g8i4lx4qjf6phie

Raw files http://www.mediafire.com/?2ymc9tito0mbj2l
member
Activity: 112
Merit: 11
Hillariously voracious
Okay, the lead of "yes" group is obvious. Geist restart inevitable, stand by for more info
member
Activity: 112
Merit: 11
Hillariously voracious
@ Cosic.

A central authority has to manage and distribute keys, and that sucks donkey balls.

But if done right, it could decrease probability of 51-ing
full member
Activity: 181
Merit: 100
Yeah just searched for the thread a minute ago to post, I'm getting up to 60k blocks and still downloading, maybe thats what had happened, I had shares while I was sleeping which were blocks, but they all got invalidated and stopped hashing when it had to start catching up on the chain again :C
full member
Activity: 135
Merit: 100
How would lic meaning work? Can you pull someones license if they dont behave?
member
Activity: 112
Merit: 11
Hillariously voracious
I am vaguely feeling like using lic mining Sad
full member
Activity: 135
Merit: 100
Yep, all my recent blocks are orphaned..
Looks like 20k+ blocks again.
member
Activity: 112
Merit: 11
Hillariously voracious
 

Looks like another run-in of same kind is in progress. Oh come on....
full member
Activity: 135
Merit: 100
I have mined about 13,000 gg. If a reset would be executed, fine. I knew from start that mining this would be a bit of a gamble.
The ultimate solution would be for BitcoinExpress to donate the 20,000 (or more?) blocks to the bounty fund. That way the small miners wont get screwed. This bounty fund would come in great use to promote new services for GeistGeld.
full member
Activity: 181
Merit: 100
As for guiminer, I am currently running GUI miner with Geist on a prehistoric ghetto box with rather old GPU, and it is finding them blocks quite bearably for such a junk box.

Post your GUIminer settings, perhaps ?

host: localhost
port: 8777
device: GeForce 8600M GT

MH/s: 3.85

Shares Accepted: 25 (5)

I mean it's mining away and occasionally getting 'shares' from geistd but when launching a seperate command window and testing with 'getbalance' 'listaccounts' 'listtransactions' etc. everythings still 0'ed out and empty.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
I have about 15,000 GeistGeld Coins but I think a restart would be fair.
I never thought it would be for real anyway, just testin'.
member
Activity: 112
Merit: 11
Hillariously voracious


What does the "not practically limited resource" mean in numbers anyway?

Bitcoin can support up to 130-something billions of coins in a chain (more would need fairly sophisticated code overhaul, I'm being told)

Let's be somewhat conservative and assume 100 billions (http://en.wikipedia.org/wiki/1000000000_%28number%29)

100000000000 is, well, a fucking lot.

Consider this - a billion seconds is 11574,07 days or 31,7 years.
 
Even if Geist is to ever reach one block per 7 seconds (which, according to some people I am inclined to trust, might prove excessive for a coin that wants to be pool-friendly), it will take out about 31 year (give or take few) to mine out a single billion coins at such a rate.

Again, we have more than one hundred billions as a "technical maximum of coins" in a blockchain.

You wrote that the amount of Geistgeld would be comparable to the power of the sun, so the equivalent of mining all Geistgeld would be constructing a dyson sphere Wink
So this seems out of the question right now but we have no idea what might come up in the future...

Dis is not how dem meta-phors are s'posed to work, mate Wink

The sun metaphor was to indicate a semi-constant and   non-diminishing supply of resource, not to imply anything about stellar engineering's relationship with Geist Geld Smiley

Just out of interest how much processing power would it take, and is it possible without converting earth into a giant computer running on molecular machinery?

You mean "mine out 100 000 000 000 of Geists" ?

That would take a stupid amount of time (assuming no more 51% run-ins, lol Cheesy ). By that time, bitcoin forks might very well grow self-aware or something   Roll Eyes
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
They show up the diff as if they were new (they are "new" from the client's perspective) until you reach current block (at this moment 32400 on this very moment, diff 44-someth)

I too have found it mildly confusing some time ago.
Thanks, that clears it up a little.

What does the "not practically limited resource" mean in numbers anyway?
You wrote that the amount of Geistgeld would be comparable to the power of the sun, so the equivalent of mining all Geistgeld would be constructing a dyson sphere Wink
So this seems out of the question right now but we have no idea what might come up in the future...

Just out of interest how much processing power would it take, and is it possible without converting earth into a giant computer running on molecular machinery?
member
Activity: 112
Merit: 11
Hillariously voracious
Yeah that was a spamfest, left on all night, took longer than bitcoin for less data, processing the chain must be a major part of the speed. ~28mb of data took few hours as opposed to bitcoin downloading the gig and being ready in the same time.

So, with GUIMiner on Solo for this to the daemon, are shares actual blocks solved? or does the daemon automatically make shares like a pool would when it delegates work? I check balance and transactions and everything still 0. It sounds like difficulty is low enough though to have gotten something over a day.

Well, it did enter a "meditative state" for about 5 secs with me when I downloaded the "Express run-in" chunk, but then again it's an old core2duo box with an old GPU and 2gb RAM here...

As for guiminer, I am currently running GUI miner with Geist on a prehistoric ghetto box with rather old GPU, and it is finding them blocks quite bearably for such a junk box.

Post your GUIminer settings, perhaps ?
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