Topic: [SXC][NSFW] Sexcoin - New Android Client Release! - page 21. (Read 138600 times)
Connect to #SEXCOIN mining on lavapit.lavajumper.com
I've been wanting to address this post for some time now. Sorry it took so long to respond, but my attention has been on the new client, and this post deserves full attention. Thank you for voicing this opinion!
I understand this problem - the funny thing was exactly the same words by the SIA team leader - but regarding GPU mining
- He told everyone - GPU mining is BAD, a lot of hashpower can attack our network and GPU-miners are not interested in supporting the coin, leave it for more profit and let the network unsecured for attackers. So he decided to make ASICs - and all you know what happened next The only working model (if you are not Bitcoin/Litecoin/DASH) - is to use really new algo never used before or multialgo (attacker must control 4 or 5 algos - with not enough hashpower for some of the m freely available) or to change algo sometimes as Monero do. This is if you would like to be a "mineable" coin.
The other way - yes, and maybe in 2018 it's time to do so - after all this ASIC delirium - say GOODBYE to direct mining and hung on Litecoin or Bitcoin net with MM. The main problem - will the main pools implement this update and what will they gain from it? I don't like tokens and all this Etherium stuff - but maybe the coinswap is better from this side? CasinoCoin - another one coin I was mining along with SXC - swapped to some other codebase - not Etherium tokens and not mineable too. Ripple-based if I am not wrong. The SexCoin idea is very close to CSC - only the markets differ - maybe this way is better?
To be honest I admire how CSC pulled themselves up. It was a bit disheartening to see them do that while Sexcoin was still struggling...still they made a very good play by being able to partner up. But realize they did it by sacrificing a lot. KYC and other compliance is an integral part of the system now. Its a good move for them but I don't think its right for Sexcoin.
I also really like how myriad implemented the multi-algo and we did look closely at their metrics during our discussions of better ways to secure the blockchain.
We've been having a good deal of success with getting commitments from pool-ops. On this count I am quite happy and I think we will see even more adaptation than the pools that have already committed. Remember that Sexcoin has been listed on coinwarz since ( 2014? ) and has maintained its spot in the top 10 almost the entire time.
As far as I can understand your vision is to left behind the "direct mining" and all the problems it brings and concentrate on integration of the coin? - maybe yes, maybe it's time to do so. The only thing I agree with - SCRYPT algo is a "ded end" at the moment. And I'll not leave the project.
This is exactly right.
With the block reward being 3.125, I think the only way to attract miners at this point would be for a tidal wave to happen. Basically, all the incentive to mine is a downer. Mine and hodl.... maybe... but the block reward is still fairly unexciting. ( yes this seems to contradict what I said earlier, but it doesn't ) Transactions are not voluminous enough to get profits from the fees. There is enough value in the coin to make it worth attacking, but not enough value to keep miners on it to make it secure. This is a very dangerous position to be in. Plus, our development efforts keep getting crashed on because we have to go back and deal with the network insecurities. What has been visible is the issues with the exchanges, what has not been visible is the number of negotiations around adaptation that have been damaged because of ill-timed issues with the block-chain. If the network is decisively secure, many of these can be recovered, and people will know they have not just spent countless hours implementing merchant services for a coin that is insecure.
In this sense we are looking at merge-mining as a very strong and wise safety net. ( I'm preparing another post on this ).
As a dev, I'd rather spend my time putting features in, knowing that the people working on adaptation have something awesome to work with.
Actually, I appreciate your perspective. This is one of the main reasons we have been reluctant to make this decision. But is it worth it to mine a coin knowing that all your mining proceeds could be reversed by an inexpensive attack? Is it possible to get someone like Brazzers to accept a coin that has an insecure network? Wouldn't switching the algo leave us vulnerable to the same scenario playing out in the future? In order to get adaptation, requirement one is that the network is secure. So there is a catch-22 here. We cannot get adaptation without a secure network... and we cannot get a secure network without adaptation. One of these walls must be broken through.
I understand this problem - the funny thing was exactly the same words by the SIA team leader - but regarding GPU mining
- He told everyone - GPU mining is BAD, a lot of hashpower can attack our network and GPU-miners are not interested in supporting the coin, leave it for more profit and let the network unsecured for attackers. So he decided to make ASICs - and all you know what happened next The only working model (if you are not Bitcoin/Litecoin/DASH) - is to use really new algo never used before or multialgo (attacker must control 4 or 5 algos - with not enough hashpower for some of the m freely available) or to change algo sometimes as Monero do. This is if you would like to be a "mineable" coin.The other way - yes, and maybe in 2018 it's time to do so - after all this ASIC delirium - say GOODBYE to direct mining and hung on Litecoin or Bitcoin net with MM. The main problem - will the main pools implement this update and what will they gain from it? I don't like tokens and all this Etherium stuff - but maybe the coinswap is better from this side? CasinoCoin - another one coin I was mining along with SXC - swapped to some other codebase - not Etherium tokens and not mineable too. Ripple-based if I am not wrong. The SexCoin idea is very close to CSC - only the markets differ - maybe this way is better?
To be honest I admire how CSC pulled themselves up. It was a bit disheartening to see them do that while Sexcoin was still struggling...still they made a very good play by being able to partner up. But realize they did it by sacrificing a lot. KYC and other compliance is an integral part of the system now. Its a good move for them but I don't think its right for Sexcoin.
I also really like how myriad implemented the multi-algo and we did look closely at their metrics during our discussions of better ways to secure the blockchain.
We've been having a good deal of success with getting commitments from pool-ops. On this count I am quite happy and I think we will see even more adaptation than the pools that have already committed. Remember that Sexcoin has been listed on coinwarz since ( 2014? ) and has maintained its spot in the top 10 almost the entire time.
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As far as the potential of relegating Sexcoin to another faceless shitcoin, I strongly disagree with that. The age verification is a big differentiator, no other coin has that, and strong verification is on the horizon. In addition, we are working on ways to continue the path of making Sexcoin the most attractive coin for the Adult Industry. The European Projects are heating up, but have been ready to pull back because of the low hash-rates. This last attack has given everyone working on adaptation serious pause, and at a time where confidence needs to be highest.
I'm going to assume, since you remember the 0% pool fee, that you really are OG on this... what was your BCT account then? We are not saying 'fuck you' to the 'mine and hodl'ers. We are not saying the coin has no value. We are saying that the coin has no value if the network remains insecure. We are saying "we are protecting your investment". If you haven't figured it out, I'm also a 'mine and hodl'er, I have a fair stake in this project myself. Do you think I would support a decision that would harm the coin?
I'm going to assume, since you remember the 0% pool fee, that you really are OG on this... what was your BCT account then? We are not saying 'fuck you' to the 'mine and hodl'ers. We are not saying the coin has no value. We are saying that the coin has no value if the network remains insecure. We are saying "we are protecting your investment". If you haven't figured it out, I'm also a 'mine and hodl'er, I have a fair stake in this project myself. Do you think I would support a decision that would harm the coin?
As far as I can understand your vision is to left behind the "direct mining" and all the problems it brings and concentrate on integration of the coin? - maybe yes, maybe it's time to do so. The only thing I agree with - SCRYPT algo is a "ded end" at the moment. And I'll not leave the project.
This is exactly right.
With the block reward being 3.125, I think the only way to attract miners at this point would be for a tidal wave to happen. Basically, all the incentive to mine is a downer. Mine and hodl.... maybe... but the block reward is still fairly unexciting. ( yes this seems to contradict what I said earlier, but it doesn't ) Transactions are not voluminous enough to get profits from the fees. There is enough value in the coin to make it worth attacking, but not enough value to keep miners on it to make it secure. This is a very dangerous position to be in. Plus, our development efforts keep getting crashed on because we have to go back and deal with the network insecurities. What has been visible is the issues with the exchanges, what has not been visible is the number of negotiations around adaptation that have been damaged because of ill-timed issues with the block-chain. If the network is decisively secure, many of these can be recovered, and people will know they have not just spent countless hours implementing merchant services for a coin that is insecure.
In this sense we are looking at merge-mining as a very strong and wise safety net. ( I'm preparing another post on this ).
As a dev, I'd rather spend my time putting features in, knowing that the people working on adaptation have something awesome to work with.
::Quick Update::
We are in the final stages of testing, and working on a release schedule.
Once again, release has been delayed because of some failed tests.... this is a good thing.
Livecoin and Cryptopia are still onboard.
I will be posting a more detailed update in the next couple of days.
We are in the final stages of testing, and working on a release schedule.
Once again, release has been delayed because of some failed tests.... this is a good thing.
Livecoin and Cryptopia are still onboard.
I will be posting a more detailed update in the next couple of days.
I don't have an update as such except to say the last I heard from Lava he advised the new sexcoin wallet was nearly ready for final testing.
Current number of blocks 3000798 06ee7fec3dd481e59d27b22a9e62c31f108cbdcc8a7d8b34e095f49261ec69f7 http://be2.sexcoin.info/block/06ee7fec3dd481e59d27b22a9e62c31f108cbdcc8a7d8b34e095f49261ec69f7
...and the reward has just halved to 3.125 SXC per block.
Current number of blocks 3000798 06ee7fec3dd481e59d27b22a9e62c31f108cbdcc8a7d8b34e095f49261ec69f7 http://be2.sexcoin.info/block/06ee7fec3dd481e59d27b22a9e62c31f108cbdcc8a7d8b34e095f49261ec69f7
...and the reward has just halved to 3.125 SXC per block.
I would like to mine, i have a 1080ti is there a any tutorial how to mine SXC?
Welcome to out little corner of the crypto universe, I'm sure Lava won't mind me saying that once we implement the merged mining the benefits will be two fold in that you'll be mining SexCoin, but if you are mining through one of the pools that has adopted the SXC-MM you will also be mining on the litcoin block chain.
merge mine that sexy Doge too?
Good day, what about proposal?
The demo is available at
http://37.60.177.2/offer.php?oid=3
buy for #sexcoin
The demo is available at
http://37.60.177.2/offer.php?oid=3
buy for #sexcoin
Connect to SEXCOIN mining on lavapit.lavajumper.com
Or we'll come for you. With a whip-)
click like
Like a Friend! Do you now #Sexcoin
Or we'll come for you. With a whip-)
click like
Like a Friend! Do you now #Sexcoin
I would like to mine, i have a 1080ti is there a any tutorial how to mine SXC?
Welcome to out little corner of the crypto universe, I'm sure Lava won't mind me saying that once we implement the merged mining the benefits will be two fold in that you'll be mining SexCoin, but if you are mining through one of the pools that has adopted the SXC-MM you will also be mining on the litcoin block chain.
As a side-note to the development taking place right now, Sexcoin's blockchain needs mining power thrown at it. We are trying to maintain 15GH/s to keep the blockchain moving. This is NOT enough to secure the chain, but it is enough to keep it from splitting / re-orging .
If you have even a little hashpower to spare, we can use it.
If you have even a little hashpower to spare, we can use it.
I would like to mine, i have a 1080ti is there a any tutorial how to mine SXC?
SXC is a pure scrypt coin at the moment. All the information on mining Litecoin will work for sexcoin, just make sure you are mining into a Sexcoin address. Pools are listed in the OP
As a side-note to the development taking place right now, Sexcoin's blockchain needs mining power thrown at it. We are trying to maintain 15GH/s to keep the blockchain moving. This is NOT enough to secure the chain, but it is enough to keep it from splitting / re-orging .
If you have even a little hashpower to spare, we can use it.
If you have even a little hashpower to spare, we can use it.
I would like to mine, i have a 1080ti is there a any tutorial how to mine SXC?
As a side-note to the development taking place right now, Sexcoin's blockchain needs mining power thrown at it. We are trying to maintain 15GH/s to keep the blockchain moving. This is NOT enough to secure the chain, but it is enough to keep it from splitting / re-orging .
If you have even a little hashpower to spare, we can use it.
If you have even a little hashpower to spare, we can use it.
::UPDATE::
As before, we've been successfully mining merge-mined blocks on testnet.
We have also run into a couple of issues around the SegWit activation code. We are working through them but it is slow work.
Oct. 3 was our three week mark, but we are getting very close. SegWit coupled with age verification, and multi-sig are still in need of testnet testing. Unit tests have been mostly successful.
Our anticipation is that we will be ready for release early next week.
Progression with Livecoin and Cryptopia are going well. I think we can be confident that trading will reopen, at the latest, when MM goes active. Possibly as soon as the new client release.
Once again, Please contact any pool-ops that you might be close to and let them know about the upcoming changes.
EDIT: for clarity
As before, we've been successfully mining merge-mined blocks on testnet.
We have also run into a couple of issues around the SegWit activation code. We are working through them but it is slow work.
Oct. 3 was our three week mark, but we are getting very close. SegWit coupled with age verification, and multi-sig are still in need of testnet testing. Unit tests have been mostly successful.
Our anticipation is that we will be ready for release early next week.
Progression with Livecoin and Cryptopia are going well. I think we can be confident that trading will reopen, at the latest, when MM goes active. Possibly as soon as the new client release.
Once again, Please contact any pool-ops that you might be close to and let them know about the upcoming changes.
EDIT: for clarity
::UPDATE::
We've mined our first merge-mined blocks on testnet.
We've mined our first merge-mined blocks on testnet.
Occasional bump for those who aren't in the loop.
::UPDATE::
We've mined our first merge-mined blocks on testnet.
We've mined our first merge-mined blocks on testnet.
::Update::
Merge mine testing has begun in a closed testnet. This puts us a little behind schedule, but not too much.
The testing is going well, and if it passes the next couple of days, we will put up a new testnet and make the next client available to some trusted entities.
SegWit and Lightning code also appear to be operating properly. More on that later.
We are continuing our campaign to get commitments from pool operators to implement sexcoin as a merge-mined coin. More on that will be coming soon. If you are close to any pool-ops that have litecoin, please alert them to Sexcoin.
Merge mine testing has begun in a closed testnet. This puts us a little behind schedule, but not too much.
The testing is going well, and if it passes the next couple of days, we will put up a new testnet and make the next client available to some trusted entities.
SegWit and Lightning code also appear to be operating properly. More on that later.
We are continuing our campaign to get commitments from pool operators to implement sexcoin as a merge-mined coin. More on that will be coming soon. If you are close to any pool-ops that have litecoin, please alert them to Sexcoin.
Anyone wanting to join the conversation can do so via the SexCoin Forum, the Slack or Discord channels or here in BTC.
::Update::
Merge mine testing has begun in a closed testnet. This puts us a little behind schedule, but not too much.
The testing is going well, and if it passes the next couple of days, we will put up a new testnet and make the next client available to some trusted entities.
SegWit and Lightning code also appear to be operating properly. More on that later.
We are continuing our campaign to get commitments from pool operators to implement sexcoin as a merge-mined coin. More on that will be coming soon. If you are close to any pool-ops that have litecoin, please alert them to Sexcoin.
Merge mine testing has begun in a closed testnet. This puts us a little behind schedule, but not too much.
The testing is going well, and if it passes the next couple of days, we will put up a new testnet and make the next client available to some trusted entities.
SegWit and Lightning code also appear to be operating properly. More on that later.
We are continuing our campaign to get commitments from pool operators to implement sexcoin as a merge-mined coin. More on that will be coming soon. If you are close to any pool-ops that have litecoin, please alert them to Sexcoin.
Occasional Bump - we're still working on the fix (can't say much more till it's done)
cant wait to see what the updates are
Occasional Bump - we're still working on the fix (can't say much more till it's done)
the project is certainly intriguing, but I'm afraid to buy tokens (a similar project turned out to be a scam)
SXC has been around forever. 2013, I think. Not a scam.
Wrap me two for the price of one.)
And for me two #sexcoin for the price of one.
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