does anyone know which pools mine i0coin besides mmpool (bitparking) and P2Pool?
Topic: Q&A: i0coin and iXcoin (Read 660 times)
Thanks for the help gents. I will clean up the Q&A as I'm able.
What would you add to the list? What distinguishing features do you want forum members and the general public to know about these coins?
What are some ideas/thoughts going forward in the development of these coins? Are most current challenges practical/participatory i.e. need more demand, more pools, more exchanges?
What would you add to the list? What distinguishing features do you want forum members and the general public to know about these coins?
What are some ideas/thoughts going forward in the development of these coins? Are most current challenges practical/participatory i.e. need more demand, more pools, more exchanges?
Some answers about I0coin...
Q: What happened (if anything) to i0coin when it was hard-forked? What happened when it "died" early in its life?
A:I0coin was updated to bitcoin 0.8.x base. It fixed some issues, like the asymmetric diffuculty adjustment, block size limits and BIP16/BIP30 IIRC (see original resurrection thread i0coin.snel.it) It 'died' because the client used too much memory, people (and exchanges) didn't want to run it. It was kept alive by a small group of people until I fixed the memory issue.
Q: Who now controls the development of these coins?
A: No official, however the github source code of the latest version is public. I0coin development is controlled by me. Simple onemanshow, stay close to current bitcoin, do not experiment, do not change stuff. Stability is important
Q: What unique security concerns exist for these two coins?
A: IXcoin had (has?) asymmetric difficulty adjustment, which allows 51% attackers to produce more blocks than they should be able to. Also: hashrate is available to attackers without opportunity cost, because they can mine bitcoin and attack IXcoin I0coin at the same time. Large pools can do this attack trivially on I0coin since the hashrate is far behind
Q: What distinguishes a "mature" alt-coin from new, "immature" brethren?
A: iXcoin has been around for 3 years without issue, furthermore it is among the top 4 in hash rate among all coins. I0coin is almost as old as IXcoin, has a reasonable hashrate.
Q: Will pools drop these coins when rewards are tx fee-only?
A: This is unknown. Mining is free, why would they drop it?
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining. Free extras are always nice. Some pools seem to be afraid that the high blockrate of I0coin damages the efficiency of BTC mining, a good implementation of merged mining can't suffer from the high blockrate
Q: How does scarcity affect value, absent much demand?
A: Demand is certainly an issue with iXcoin. We hope innovation will spur demand. Financial instruments should be dependable and boring (personal opinion rsnel), no innovation in I0coin (except following bitcoin)
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin, I0coin is traded in only one exchange, iXcoin has a massive hash rate that dwarfs I0Coin. Agree
A:I0coin was updated to bitcoin 0.8.x base. It fixed some issues, like the asymmetric diffuculty adjustment, block size limits and BIP16/BIP30 IIRC (see original resurrection thread i0coin.snel.it) It 'died' because the client used too much memory, people (and exchanges) didn't want to run it. It was kept alive by a small group of people until I fixed the memory issue.
Q: Who now controls the development of these coins?
A: No official, however the github source code of the latest version is public. I0coin development is controlled by me. Simple onemanshow, stay close to current bitcoin, do not experiment, do not change stuff. Stability is important
Q: What unique security concerns exist for these two coins?
A: IXcoin had (has?) asymmetric difficulty adjustment, which allows 51% attackers to produce more blocks than they should be able to. Also: hashrate is available to attackers without opportunity cost, because they can mine bitcoin and attack IXcoin I0coin at the same time. Large pools can do this attack trivially on I0coin since the hashrate is far behind
Q: What distinguishes a "mature" alt-coin from new, "immature" brethren?
A: iXcoin has been around for 3 years without issue, furthermore it is among the top 4 in hash rate among all coins. I0coin is almost as old as IXcoin, has a reasonable hashrate.
Q: Will pools drop these coins when rewards are tx fee-only?
A: This is unknown. Mining is free, why would they drop it?
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining. Free extras are always nice. Some pools seem to be afraid that the high blockrate of I0coin damages the efficiency of BTC mining, a good implementation of merged mining can't suffer from the high blockrate
Q: How does scarcity affect value, absent much demand?
A: Demand is certainly an issue with iXcoin. We hope innovation will spur demand. Financial instruments should be dependable and boring (personal opinion rsnel), no innovation in I0coin (except following bitcoin)
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin, I0coin is traded in only one exchange, iXcoin has a massive hash rate that dwarfs I0Coin. Agree
Q: Why is the blockcount of i0coin so much higher than IXcoin?
A: i0coin block rate is 4 times that of iXcoin (10 minutes)
Q: What happened (if anything) to i0coin when it was hard-forked? What happened when it "died" early in its life?
A:
Q: What happened to the 7? million pre-mined IXcoins?
A: Around 500,000 coins were pre-mined. The original developer claims that 50% of that was spent on bounties.
Q: Who now controls the development of these coins?
A: No official, however the github source code of the latest version is public.
Q: What unique security concerns exist for these two coins?
A:
Q: What distinguishes a "mature" alt-coin from new, "immature" brethren?
A: iXcoin has been around for 3 years without issue, furthermore it is among the top 4 in hash rate among all coins.
Q: Are these coins compatible with most bitcoin purchasing hardware, atms, etc.?
A: It uses a different block chain, but the creation of transactions are similar.
Q: Will pools drop these coins when rewards are tx fee-only?
A: This is unknown.
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining.
Q: How does scarcity affect value, absent much demand?
A: Demand is certainly an issue with iXcoin. We hope innovation will spur demand.
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin, I0coin is traded in only one exchange, iXcoin has a massive hash rate that dwarfs I0Coin.
TY, Sir!
What is the state of development with IXCoin, I see you handle the website, what are other plans for the coin?
Q: Why is the blockcount of i0coin so much higher than IXcoin?
A: i0coin block rate is 4 times that of iXcoin (10 minutes)
Q: What happened (if anything) to i0coin when it was hard-forked? What happened when it "died" early in its life?
A:
Q: What happened to the 7? million pre-mined IXcoins?
A: Around 500,000 coins were pre-mined. The original developer claims that 50% of that was spent on bounties.
Q: Who now controls the development of these coins?
A: No official, however the github source code of the latest version is public.
Q: What unique security concerns exist for these two coins?
A:
Q: What distinguishes a "mature" alt-coin from new, "immature" brethren?
A: iXcoin has been around for 3 years without issue, furthermore it is among the top 4 in hash rate among all coins.
Q: Are these coins compatible with most bitcoin purchasing hardware, atms, etc.?
A: It uses a different block chain, but the creation of transactions are similar.
Q: Will pools drop these coins when rewards are tx fee-only?
A: This is unknown.
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining.
Q: How does scarcity affect value, absent much demand?
A: Demand is certainly an issue with iXcoin. We hope innovation will spur demand.
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin, I0coin is traded in only one exchange, iXcoin has a massive hash rate that dwarfs I0Coin.
Ah, the original scam coins...
Can you explain the meaning of "scam coin"?
Ah, the original scam coins...
With i0coin quickly approaching 21 million coins, I thought it would be appropriate to explore the situation between i0 and iX as well as coin value and security with transaction-fee-only rewards. I will keep this thread up-to-date with answers to my own personal questions as well as other questions readers might have. Please pose your question like the format below.
Q: Why is the blockcount of i0coin so much higher than IXcoin?
A: i0coin block rate is 4 times that of iXcoin (10 minutes).
Q: What happened (if anything) to i0coin when it was hard-forked? What happened when it "died" early in its life?
A: I0coin was updated to bitcoin 0.8.x base. It fixed some issues, like the asymmetric diffuculty adjustment, block size limits and BIP16/BIP30 IIRC (see original resurrection thread i0coin.snel.it) It 'died' because the client used too much memory, people (and exchanges) didn't want to run it. It was kept alive by a small group of people until I fixed the memory issue.
Q: What happened to the pre-mined IXcoins?
A: Around 500,000 coins were pre-mined. The original developer claims that 50% of that was spent on bounties. The rest is unknown.
Q: Who now controls the development of these coins?
A: Rsnel is the i0coin developer and FrictionlessCoin is the iXcoin contact (no official developer.)
Q: What unique security concerns exist for these two coins?
A: IXcoin had (has?) asymmetric difficulty adjustment, which allows 51% attackers to produce more blocks than they should be able to. Also: hashrate is available to attackers without opportunity cost, because they can mine bitcoin and attack IXcoin I0coin at the same time. Large pools can do this attack trivially on I0coin since the hashrate is far behind.
Q: What distinguishes a i0 and iX from new, "immature" altcoins?
A: i0/IX have cloned bitcoin functionality and accelerated the rate of coin production using massive SHA256 hashpower. Many other altcoins utilize scrypt and are vulnerable after their "hype" ends when their hashrate drops.
Q: Are these coins compatible with most bitcoin purchasing hardware, atms, etc.?
A: They should be compatible as long as the device/service is utilizing the i0/IX blockchain.
Q: Will pools drop these coins when rewards are tx fee-only?
A:
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining. Free extras are always nice. Some pools seem to be afraid that the high blockrate of I0coin damages the efficiency of BTC mining, a good implementation of merged mining can't suffer from the high blockrate.
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin. I0coin is traded in only one exchange. iXcoin has a massive hash rate that dwarfs I0Coin.
Q: Why is the blockcount of i0coin so much higher than IXcoin?
A: i0coin block rate is 4 times that of iXcoin (10 minutes).
Q: What happened (if anything) to i0coin when it was hard-forked? What happened when it "died" early in its life?
A: I0coin was updated to bitcoin 0.8.x base. It fixed some issues, like the asymmetric diffuculty adjustment, block size limits and BIP16/BIP30 IIRC (see original resurrection thread i0coin.snel.it) It 'died' because the client used too much memory, people (and exchanges) didn't want to run it. It was kept alive by a small group of people until I fixed the memory issue.
Q: What happened to the pre-mined IXcoins?
A: Around 500,000 coins were pre-mined. The original developer claims that 50% of that was spent on bounties. The rest is unknown.
Q: Who now controls the development of these coins?
A: Rsnel is the i0coin developer and FrictionlessCoin is the iXcoin contact (no official developer.)
Q: What unique security concerns exist for these two coins?
A: IXcoin had (has?) asymmetric difficulty adjustment, which allows 51% attackers to produce more blocks than they should be able to. Also: hashrate is available to attackers without opportunity cost, because they can mine bitcoin and attack IXcoin I0coin at the same time. Large pools can do this attack trivially on I0coin since the hashrate is far behind.
Q: What distinguishes a i0 and iX from new, "immature" altcoins?
A: i0/IX have cloned bitcoin functionality and accelerated the rate of coin production using massive SHA256 hashpower. Many other altcoins utilize scrypt and are vulnerable after their "hype" ends when their hashrate drops.
Q: Are these coins compatible with most bitcoin purchasing hardware, atms, etc.?
A: They should be compatible as long as the device/service is utilizing the i0/IX blockchain.
Q: Will pools drop these coins when rewards are tx fee-only?
A:
Q: What compelling reason do pools have to merge mine the coins if transaction fees, coin activity, and coin value are low?
A: iXcoin has been merged mined most of its life. We have not seen a drop off in mining. Free extras are always nice. Some pools seem to be afraid that the high blockrate of I0coin damages the efficiency of BTC mining, a good implementation of merged mining can't suffer from the high blockrate.
Q: Why is IXCoin currently worth more than I0Coin?
A: There are more I0coin. I0coin is traded in only one exchange. iXcoin has a massive hash rate that dwarfs I0Coin.
Coin Stats as of 3/28
| Bitcoin Total Coins: 21 Million Coins/Block: Blockcount: Current Coins: Current Hashrate: Avg. Block Time: | IXCoin Total Coins: Coins/Block: Blockcount: Current Coins: Current Hashrate: Avg. Block Time: | I0Coin Total Coins: Coins/Block: Blockcount: Current Coins: Current Hashrate: Avg. Block Time: |
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