ProtoShares Cheat Sheet | Bitcointalksearch.org

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: tacotime on November 04, 2013, 07:51:26 PM

Quote from: bytemaster on November 04, 2013, 06:28:27 PM

Quote from: iGotSpots on November 04, 2013, 05:55:08 PM

Advertising a 750k market cap in under 2 months is quite the claim

Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares.

So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them

Uh.. you're using this as the distribution scheme? It's just going to get destroyed by botnets and server farms like YAC/etc did, and with the reward algorithm being the way it is it'll be hard to sell this distribution to people later.

This coin has a useful life of about 1 year... after which other coins will be derived from it. I suspect BitShares will be out in 6 months and that will have a linear decay over 12 years. Besides, this is a good trial run for the proof of work and I can also see how botnets handle it.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: bytemaster on November 04, 2013, 06:28:27 PM

Quote from: iGotSpots on November 04, 2013, 05:55:08 PM

Advertising a 750k market cap in under 2 months is quite the claim

Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares.

So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them

Uh.. you're using this as the distribution scheme? It's just going to get destroyed by botnets and server farms like YAC/etc did, and with the reward algorithm being the way it is it'll be hard to sell this distribution to people later.

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: albon on November 04, 2013, 07:07:23 PM

I really wish this coin was started at a better time.

08:08 I am on my way to work so no chance of dl it

For whom... it is 3AM for me

albon

legendary

Activity: 1890

Merit: 1537

I really wish this coin was started at a better time.

08:08 I am on my way to work so no chance of dl it

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: iGotSpots on November 04, 2013, 05:55:08 PM

Advertising a 750k market cap in under 2 months is quite the claim

Well, the money supply increases rapidly, so I would suspect that present shares factor in the creation of future shares.

So suppose they sell for $1 per ProtoShare today... that would imply about a 750K market cap... we shall see what people are willing to pay for them

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Advertising a 750k market cap in under 2 months is quite the claim

bytemaster

hero member

Activity: 770

Merit: 566

fractally

FreeTrade will not kill of this coin because he is only the guy contracted to build it and its life is in my hands and the foundation of my VC funded company depends upon this coin... it is not meant to be a altcoin, but a way of mining BitSHares pre-release.

It will run on 64 bit on OS X and Linux if you compile it yourself (that is what I am doing)

I am attempting to get an OS X app out the door soon, but am fighting a few deployment issues.

FreeTrade has done his best to optimize the proof-of-work, but the code is open source and I am sure others will find ways to enhance it.

tacotime

legendary

Activity: 1484

Merit: 1005

I'm interested to see how things play out for the pow algo.

cryptasm

legendary

Activity: 997

Merit: 1002

Gamdom.com

Quote from: Magic8Ball on November 04, 2013, 11:29:54 AM

Almost 8 hours past the scheduled release Roll Eyes

Quote from: FreeTrade on November 04, 2013, 09:37:07 AM

Start time:
5th November 2013 08:08:08 GMT

Magic8Ball

legendary

Activity: 1050

Merit: 1000

Almost 8 hours past the scheduled release Roll Eyes

EDIT: My mistake.

B.T.Coin

sr. member

Activity: 332

Merit: 250

Quote from: Fablio2 on November 04, 2013, 10:48:37 AM

And what will be with your coin "MemoryCoin"? MemoryCoin is dead and you make another one?

Yes, this guy killed off memorycoin by himself because he didn't get enough of the grants.
So he will most likely kill off this coin as well when things don't go exactly as he wants.
I would advise everybody to stay away from this 'dev' who can't even debug his software enough to make it stable.

jdebunt

legendary

Activity: 1596

Merit: 1010

reserved

Fablio2

sr. member

Activity: 464

Merit: 252

And what will be with your coin "MemoryCoin"? MemoryCoin is dead and you make another one?

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: feeleep on November 04, 2013, 10:29:30 AM

so linux version is also 32bit?

Not sure if a linux binary will be made available - I think linux users may need to compile themselves, and I understand it is possible to compile a 64bit version easily on linux.

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: adoalli on November 04, 2013, 10:21:28 AM

no cpu mining tool? only use the client?

Yes, just the client at launch. I think there's a mining pool under development which may or may not offer better mining efficiency.

feeleep

legendary

Activity: 1197

Merit: 1000

Quote from: FreeTrade on November 04, 2013, 10:05:45 AM

Quote from: feeleep on November 04, 2013, 09:59:12 AM

Why not release 64bit client then?

I'm just contracted to provide a win32 client to get started. I expect a 64 bit client will be a priority for Invictus in the days ahead.
A 64bit client should provide some speed gains too as SHA512 is very 64bit intensive.

so linux version is also 32bit?

adoalli

hero member

Activity: 646

Merit: 500

no cpu mining tool? only use the client?

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: azwccc on November 04, 2013, 10:12:21 AM

3 processes means 3 threads, right?

For 4 cores 8 threads I7. I need 3 instances open with 3 ,3 ,2 miners working?

Yes, but what I'm seeing with the initial client release is that the memory gets bottlenecked after 2 or 3 threads, so it's not much of an advantage to have extra threads - it doesn't scale. I expect there will be more efficient code released over the coming weeks, eventually on an i7, you'll be able to have 8 threads pointed at 768MB for maximum efficiency.

adoalli

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Activity: 646

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reserved

azwccc

sr. member

Activity: 243

Merit: 250

3 processes means 3 threads, right?

For 4 cores 8 threads I7. I need 3 instances open with 3 ,3 ,2 miners working?

Topic: ProtoShares Cheat Sheet (Read 9394 times)