There you go OP, this asshole right here is the reason the coin sucks.
Ouch, edit: the asshole is two up from this, sorry BCX. Need to check those see post while you were typing notices.
Topic: Solid Coin Problem (CLOSED: Question Answered) - page 2. (Read 4452 times)
I don't believe it. You'd have to get about 300 KH/s on only 100 watts. Name a CPU and/or GPU that can do that.
Check latest reaper v13 when it's released, +60% improvement on CPUs (doing 3 hashes in parallel for better caching) and 100% improvement for GPUs. An I7 can now get about 320KH from what I've heard. mtrlt has been busy.
Of course before mining is profitable we still need price to rise a lot....
It looks like a $2-$3 price will be what is needed for a lot of people to mine with some profit (10-20%), those with free electricity will probably join the party when SC is about 50c I'm guessing. Unlike before each SolidCoin is backed by a certain amount of energy so people with "free energy" can't really create many coins. Each coin takes about 12.5KWh to produce, so if someone wanted to make 10SC a day they'd be consuming 125KWh of electricity to do it regardless. Not many people with "Free energy" would be able to explain a 125KWh per day operation to the people providing the electricity
. And you can see that much energy would still only provide a small amount of SolidCoins, 10 in this case if they were using efficient hardware. Reality Coinhunter has 10 wallets with 1 200 000 coins os he has 1 200 000 $ he "can't spend" )
If you has 12 000 000 $ you "can't spend" would you do everything to spend it somehow ?))
)If you has 12 000 000 $ you "can't spend" would you do everything to spend it somehow ?
))Not everyone is as corrupt as you.
Exchanges could also easily block those transactions involving those addresses if they are that paranoid, they can do it now before the code is ever changed.
If you think I've spent even 5 minutes looking into how you do that then you're more deluded than I thought.
Of course I know you didn't spend more than 5 minutes looking into it. You're an idiot who likes to believe they know things based on the "Feeling" of others writing about it on a forum. This is why no one should take your, or anyone that processes information like you, opinions seriously. You form opinions based on faulty and ignorant datasets.
Just the mere fact I am criticizing an obvious flaw in your logic processing right now is forever going to make you "hate on me" because no one should ever talk to the mighty rolo!! like that! Teenagers or immature people like you are bringing this forum down.
Once again CH shows his inability to be neutral and just run the SC network and develop.
You could take a few pointers from Gavin buddy.
No wonder everyone laughs at your precious SC project, because it is just that, a laughing stock.
Pure comedy. The best comedy & entertainment bitcoins don't have to buy, its purely free if you read the Alternate Cryptocurrencies subforum.
There will be people who use the latest GPUs and latest CPUs to get the highest efficiencies, that mine on 15c electricity who can produce coins for only $2 right now. If they had 8c electricity it would be right around the base $1 mark for SolidCoin.
I don't believe it. You'd have to get about 300 KH/s on only 100 watts. Name a CPU and/or GPU that can do that.
All of he say is craping shit ...
Imagine, solidcoin is 1USD
Reality Coinhunter has 10 wallets with 1 200 000 coins os he has 1 200 000 $ he "can't spend"
)If you has 12 000 000 $ you "can't spend" would you do everything to spend it somehow ?
)) There will be people who use the latest GPUs and latest CPUs to get the highest efficiencies, that mine on 15c electricity who can produce coins for only $2 right now. If they had 8c electricity it would be right around the base $1 mark for SolidCoin.
I don't believe it. You'd have to get about 300 KH/s on only 100 watts. Name a CPU and/or GPU that can do that.
Now, I have been drinking so my math might be off if I missed the Balmer peak.
For the purposes of discussion, we assume electricity is free (to spend for electricity while mining Soiledcoins is too grim to contemplate).
The Highest Bid Price for 1 Soiledcoin on btc-e: 0.036003 USD
Number of Soiledcoins rewarded for finding a block in the Soiledcoin block chain: 0.07
Number of blocks needed to earn $1 of Soiledcoins: 397
Soiledcoin network speed: 1 block every ~120 seconds. 30 blocks an hour. 720 blocks a day.
% of all Soiledcoin blocks you need to mine in order to generate $1 of Soiledcoin per a day: 55%
But the tyrant nodes mine 50% of the blocks, so at 0.07 SC per block and the current exchange rate, it is impossible to mine $1 a day of Soiledcoins.
The entire mining community of Soiledcoin produces less than $1 a day in revenue.
Edit: I had to have screwed up the math, that is just too awful to contemplate.
For the purposes of discussion, we assume electricity is free (to spend for electricity while mining Soiledcoins is too grim to contemplate).
The Highest Bid Price for 1 Soiledcoin on btc-e: 0.036003 USD
Number of Soiledcoins rewarded for finding a block in the Soiledcoin block chain: 0.07
Number of blocks needed to earn $1 of Soiledcoins: 397
Soiledcoin network speed: 1 block every ~120 seconds. 30 blocks an hour. 720 blocks a day.
% of all Soiledcoin blocks you need to mine in order to generate $1 of Soiledcoin per a day: 55%
But the tyrant nodes mine 50% of the blocks, so at 0.07 SC per block and the current exchange rate, it is impossible to mine $1 a day of Soiledcoins.
The entire mining community of Soiledcoin produces less than $1 a day in revenue.
Edit: I had to have screwed up the math, that is just too awful to contemplate.
Oh and let's not forget that you're a known and proven liar Coinhunter . I'm sure that helps your supporters sleep at night.
Let's see... sent a PM to BCX threatening to notify the cops if he released info, lied and said you didn't, then got humiliated when Theymos proved you did - https://bitcointalksearch.org/topic/m.779801
Lied about GPU mining SC2 from the start, then had the nerve to actually start a thread accusing someone else of doing the same thing with Litecoin (conveniently absent any proof of course) - https://bitcointalksearch.org/topic/m.775756
Yeah, it's definitely a good idea to believe anything that comes out of your mouth.
Let's see... sent a PM to BCX threatening to notify the cops if he released info, lied and said you didn't, then got humiliated when Theymos proved you did - https://bitcointalksearch.org/topic/m.779801
Lied about GPU mining SC2 from the start, then had the nerve to actually start a thread accusing someone else of doing the same thing with Litecoin (conveniently absent any proof of course) - https://bitcointalksearch.org/topic/m.775756
Yeah, it's definitely a good idea to believe anything that comes out of your mouth.
Yeah your calculator counts : Break point to mine solidcoin for profit :
Solidcoin price : 24.6 USD
Great economic
Solidcoin price : 24.6 USD
Great economic
Sure, if you have lame hardware and high energy costs that's what will happen. So don't mine it until its $25/coin if you refuse to upgrade or buy solar panels, that's fine.
There will be people who use the latest GPUs and latest CPUs to get the highest efficiencies, that mine on 15c electricity who can produce coins for only $2 right now. If they had 8c electricity it would be right around the base $1 mark for SolidCoin.
SolidCoin economic model cannot overcome electricity price inequality around the world, or the fact that you only have a Pentium 4 to mine on. But it means if you buy a coin using your real money that coin's value can't swing to something worthless tomorrow due to new people mining. This is a real currency with price stability built into it.
One thing is never going to change with SolidCoin, and that is the fact everyone can create it. It will always have decentralized currency creation which means anyone can create it, it's not a central bank printing money, currency creation comes from YOU, if you want it to. It's up to you to decide if you want to based on things like whether you like the idea, profit, etc. Right now we have people mining that "Like the idea".
If you think I've spent even 5 minutes looking into how you do that then you're more deluded than I thought.
You form opinions based on faulty and ignorant datasets.I form opinions based on facts. I realise you're in crisis mode as your coin slowly gurgles it's last breath, but there's nothing I can do about that old buddy (aside from sit back and enjoy it obviously)
Knock yourself out, shout to the world that your coin is amazing and will be worth $25 at some point in the future. You're only deluding yourself as the majority of people, when presented with the clear facts on this forum (not your propaganda board, obviously) aren't stupid enough to listen.
I can do this all day, hell, all year if (and I'd be surprised) it takes that long.
May as well boost this link a bit more I guess: Solidcoin is a scam
there are somewhere around 50-150 miners still mining right now. You only need a single miner to keep the network processing transactions.
You forgot to apply the rule of 3.
50 miners claimed = 16 miners actual.
Take out the 12 trust nodes, and we have 4 sockpuppets dragging the blockchain behind them.
That will be down to 3 after you fire Psy for failing such an epic fashion here.
If you think I've spent even 5 minutes looking into how you do that then you're more deluded than I thought.
Of course I know you didn't spend more than 5 minutes looking into it. You're an idiot who likes to believe they know things based on the "Feeling" of others writing about it on a forum. This is why no one should take your, or anyone that processes information like you, opinions seriously. You form opinions based on faulty and ignorant datasets.
Just the mere fact I am criticizing an obvious flaw in your logic processing right now is forever going to make you "hate on me" because no one should ever talk to the mighty rolo!! like that! Teenagers or immature people like you are bringing this forum down.
Yeah your calculator counts : Break point to mine solidcoin for profit :
Solidcoin price : 24.6 USD
Great economic
Solidcoin price : 24.6 USD
Great economic
Sure, if you have lame hardware and high energy costs that's what will happen. So don't mine it until its $25/coin if you refuse to upgrade or buy solar panels, that's fine.
There will be people who use the latest GPUs and latest CPUs to get the highest efficiencies, that mine on 15c electricity who can produce coins for only $2 right now. If they had 8c electricity it would be right around the base $1 mark for SolidCoin.
SolidCoin economic model cannot overcome electricity price inequality around the world, or the fact that you only have a Pentium 4 to mine on. But it means if you buy a coin using your real money that coin's value can't swing to something worthless tomorrow due to new people mining. This is a real currency with price stability built into it.
One thing is never going to change with SolidCoin, and that is the fact everyone can create it. It will always have decentralized currency creation which means anyone can create it, it's not a central bank printing money, currency creation comes from YOU, if you want it to. It's up to you to decide if you want to based on things like whether you like the idea, profit, etc. Right now we have people mining that "Like the idea".
So you refuse to tell us how the trust node difficulty is calculated?
If you think I've spent even 5 minutes looking into how you do that then you're more deluded than I thought. It doesn't take a genius to see that you control what you want, change code when you want to artificially mess with the price, control the profit leaching (sorry, sorry, "CPF"
) and can spend any of that any time you choose.Yeah there's nothing wrong with your coin at all. What iteration are we on at the moment again?
Shit, I don't need to relist all the issues, it's all here: https://bitcointalksearch.org/topic/delete-48344
You words was : if someone needs Solidcoin, he could buy it on exchanges they don't need be generated, Trustnodes generate enough
they don't need be generated, Trustnodes generate enough No, trust nodes do mining, but there are also somewhere around 50-150 miners still mining right now. You only need a single miner to keep the network processing transactions.
People confuse mining with success because in Bitcoin if you have a low mining amount it means someone can easily attack the chain. In SolidCoin thanks to the security added to it, not all the protection comes from mining nodes now , which allowed us to change the economic aspect to something realistic.
If less people mine, the coin inflation drops to contract with demand.
If more people mine, the coin inflation increases to meet the demand.
We don't expect to get millions of miners until the value of SolidCoin is high enough to satisfy them. Even if the entire Bitcoin network switched to Solidcoin production TODAY, the daily inflation amount would be somewhere around 1800 SC /day. Compare that to Bitcoins current 7200 a day.
People complain about "only getting 0.07 SC per block", well guess what. If a coin is designed, like SolidCoin, to be backed by energy then you are getting what you put into it. Don't be surprised it's only 0.07 when you only paid 7 cents to make it. This isn't a ponzi scheme, this isn't Bitcoin, we have a real economic model in SolidCoin now.
Solidcoin price : 24.6 USD
Great economic
You words was : if someone needs Solidcoin, he could buy it on exchanges they don't need be generated, Trustnodes generate enough
they don't need be generated, Trustnodes generate enough No, trust nodes do mining, but there are also somewhere around 50-150 miners still mining right now. You only need a single miner to keep the network processing transactions.
People confuse mining with success because in Bitcoin if you have a low mining amount it means someone can easily attack the chain. In SolidCoin thanks to the security added to it, not all the protection comes from mining nodes now , which allowed us to change the economic aspect to something realistic.
If less people mine, the coin inflation drops to contract with demand.
If more people mine, the coin inflation increases to meet the demand.
We don't expect to get millions of miners until the value of SolidCoin is high enough to satisfy them. Even if the entire Bitcoin network switched to Solidcoin production TODAY, the daily inflation amount would be somewhere around 1800 SC /day. Compare that to Bitcoins current 7200 a day.
People complain about "only getting 0.07 SC per block", well guess what. If a coin is designed, like SolidCoin, to be backed by energy then you are getting what you put into it. Don't be surprised it's only 0.07 when you only paid 7 cents to make it. This isn't a ponzi scheme, this isn't Bitcoin, we have a real economic model in SolidCoin now.
Solidcoin doesn't need miners at all )
Trustnodes can do all the work)))))
)Trustnodes can do all the work
)))))SolidCoin doesn't need miners for SECURITY as much as Bitcoin does, so you are partly right. However SolidCoin has a decentralized currency creation, which means it does need miners to create the currency. The only difference is when there isn't as much ENERGY put into mining the coin inflation drops so that the market isn't flooded.
they don't need be generated, Trustnodes generate enough Solidcoin doesn't need miners at all )
Trustnodes can do all the work)))))
)Trustnodes can do all the work
)))))SolidCoin doesn't need miners for SECURITY as much as Bitcoin does, so you are partly right. However SolidCoin has a decentralized currency creation, which means it does need miners to create the currency. The only difference is when there isn't as much ENERGY put into mining the coin inflation drops so that the market isn't flooded.
You have a case of narrow blinkers. This forum isn't the world by the way, get out more.
Yeah, it's flying isn't it. Look at all those miners! You can lie to your cronies on your own forum as they're all as stupid as you, but it doesn't fly here mate.
The statistics back up your claims Rolo.As I see very few people mining SC overall. CH maybe you should reverse the cutting of block rewards to boost mining of your currency (and therefore strengthening your network in the process.Miners are incentivised to keep the network running nicely with block rewards.make that count CH for your miners)
)Trustnodes can do all the work
))))) You have a case of narrow blinkers. This forum isn't the world by the way, get out more.
Yeah, it's flying isn't it. Look at all those miners! You can lie to your cronies on your own forum as they're all as stupid as you, but it doesn't fly here mate.
The statistics back up your claims Rolo.As I see very few people mining SC overall. CH maybe you should reverse the cutting of block rewards to boost mining of your currency (and therefore strengthening your network in the process.Miners are incentivised to keep the network running nicely with block rewards.make that count CH for your miners)
We have enough miners to keep the network going. Miners will come when there is profit to be made, there will always be people mining SolidCoin regardless of profit, and that will ensure the network continues on.
What SolidCoin does now is not flood the economy with coins even when there is few people mining it and it actually puts an energy backing to each coin so value can't change drastically. You think that's failure but any economist sees that as a successful model.
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