1 buffcorp 87,182KH/s 
Yeah, yeah, every coin is crap except for btc ltc and your precious dgc. Or whatever coin you are currently holding.
For a weed smoker he certainly is uptight.
Topic: The price of Yacoin rises, rises!! (Read 1915 times)
Yeah, yeah, every coin is crap except for btc ltc and your precious dgc. Or whatever coin you are currently holding.
For a weed smoker he certainly is uptight.
1 buffcorp 87,182KH/s
Yeah, yeah, every coin is crap except for btc ltc and your precious dgc. Or whatever coin you are currently holding.
1 buffcorp 87,182KH/s
Totally agree on this:
Quote
Cryptocurrencies don't exist for miners. Miners exist for cryptocurrencies.
Best of luck to Yacoin from the Feathercoin community. So much hate on these boards, that's why I shower before and after posting here.
PS: A good opportunity to thank WindMaster for his great job, and all other members who are involved in the development of Yacoins
+1
WindMaster and co are doing a fantastic job of steering the ship.
And, lets not forget, YAC's dev, flipped a switch, and disappeared. I'm sure he dumped what he had, at its high debut price, and laughed his way to the bank.
The blockchain disagrees.
http://yacexplorer.tk/address/Y7oPoonGNZnqCfTjRirZkNvVusvHcqc7xB <- mined the first 6 blocks, untouched balance
http://yacexplorer.tk/address/YBJeQQFCipbC4LrZTnTu6j5rSAMsqRkGJb <- humongous untouched balance, block 7 and other early blocks ended up here.
Personally suspect the dev is one of the people involved in the ongoing development thread, however, have no proof, don't give a shit, and figure they will never "out" themselves anyway.
+1
I would add that we do not care of the creator. The most important is that developments continue, and few altcoin have active developer community like the Yacoin and led by someone really competent:
https://bitcointalksearch.org/topic/annyac-yacoin-ongoing-development-206577
PS: A good opportunity to thank WindMaster for his great job, and all other members who are involved in the development of Yacoins
And, lets not forget, YAC's dev, flipped a switch, and disappeared. I'm sure he dumped what he had, at its high debut price, and laughed his way to the bank.
The blockchain disagrees.
http://yacexplorer.tk/address/Y7oPoonGNZnqCfTjRirZkNvVusvHcqc7xB <- mined the first 6 blocks, untouched balance
http://yacexplorer.tk/address/YBJeQQFCipbC4LrZTnTu6j5rSAMsqRkGJb <- humongous untouched balance, block 7 and other early blocks ended up here.
Personally suspect the dev is one of the people involved in the ongoing development, however, have no proof, don't give a shit, and figure they will never "out" themselves anyway.
To illustrate why I think, long term, YAC will succeed where coin is destined to fail, I need to bring up a quote from Luke-Jr from a couple of days ago, which has stuck in my mind.
Whether deluded or not, YACoin is slowly building a solid and ever expanding core of desktop CPU miners, who may well be making a net loss now, but are happy to support a currency they feel they actually have a stake in, and that has a long-term future.
The miners who expect a constant stream of new coins, suitable for them to quickly mine and dump, have long since left it for dead, yet the network survives - the chain hasn't ground to a painful halt (unlike some well-supported-at-launch cryptos). Those miners aren't going to see the long term picture - it's not in their vocabulary. I can't blame them for that, more power to them, hope they have fun and make loads of dumb fiat with their many graphics cards.
Anyone who has taken time to study the facts has identified that it's highly unlikely anyone is dominating the network with GPUs at this point. You can discern this from watching the network hashrate, the spread of blocks around pools with relatively low hashrates, etc.
The only person who has publicly divulged the existence of a successful GPU implementation is mtrlt - hey, as developer of the Reaper miner, you might've expected he'd be capable - yet even he discovered that his solution will cease to work once N reaches 8192, in August of this year. (see below)
Anyone who can't see the long term potential of YACoin at this point probably needs their heads tested, but based upon their almost schizophrenic, changes with the wind attitude to any and all altcoins launched, the existence of mental imbalances among most of the posters above wouldn't come as a complete surprise.
Cryptocurrencies don't exist for miners. Miners exist for cryptocurrencies.
Whether deluded or not, YACoin is slowly building a solid and ever expanding core of desktop CPU miners, who may well be making a net loss now, but are happy to support a currency they feel they actually have a stake in, and that has a long-term future.
The miners who expect a constant stream of new coins, suitable for them to quickly mine and dump, have long since left it for dead, yet the network survives - the chain hasn't ground to a painful halt (unlike some well-supported-at-launch cryptos). Those miners aren't going to see the long term picture - it's not in their vocabulary. I can't blame them for that, more power to them, hope they have fun and make loads of dumb fiat with their many graphics cards.
1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Anyone who has taken time to study the facts has identified that it's highly unlikely anyone is dominating the network with GPUs at this point. You can discern this from watching the network hashrate, the spread of blocks around pools with relatively low hashrates, etc.
The only person who has publicly divulged the existence of a successful GPU implementation is mtrlt - hey, as developer of the Reaper miner, you might've expected he'd be capable - yet even he discovered that his solution will cease to work once N reaches 8192, in August of this year. (see below)
I did some GPU testing with high N values. The gist is: at N=8192, I couldn't get it to output valid shares any more. Therefore, with current information, it seems that GPU mining will stop on 13 Aug 2013 - 07:43:28 GMT when N goes to 8192.
Anyone who can't see the long term potential of YACoin at this point probably needs their heads tested, but based upon their almost schizophrenic, changes with the wind attitude to any and all altcoins launched, the existence of mental imbalances among most of the posters above wouldn't come as a complete surprise.
Lets say the developer rented a server farm got 1M coins and sold at market high 0.0006BTC. He only made $70k minus expenses. He developed something real in rising N value and memory requirements which mimic natural progression of computing power.
If YAC stabilizes at difficulty 1-2, block rewards 25 and block intervals at 60-120 sec then I consider this coin a success.
If YAC stabilizes at difficulty 1-2, block rewards 25 and block intervals at 60-120 sec then I consider this coin a success.
Market high? I sold at 0.00199...
And, you are assuming the dev, didn't have a botnet of his own, which would explain why he created a CPU only coin.
im guessing the price rises due to the hashrate decreasing every few days, even the gpu implementation is not much to write home about
Current GPU implementations stop working at Nfactor value due to be in august. IMHO it's unlikely that this can't be fixed. However, GPUs should be much slower by then, only slightly faster than a CPU (AFAIK).
1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Not that big of a secret, from the homepage of Yacoin lol:
Quote
YaCoin is the first Internet crypto currency to guarantee long-term protection against GPU and ASIC mining. This enables all peers to participate equally in the network, regardless of their financial backing. Whether you have a few Intel i7's or a ATI Radeon 5790 GPU, you can share in mining profitability.
So, this is mineable by GPU? How??
Probably but also from the homepage,
Quote
CPU-only proof-of-work mining
and Quote
Long-term GPU and ASIC protection
So, whoever made the site didn't proofread I'm guessing. 1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Not that big of a secret, from the homepage of Yacoin lol:
Quote
YaCoin is the first Internet crypto currency to guarantee long-term protection against GPU and ASIC mining. This enables all peers to participate equally in the network, regardless of their financial backing. Whether you have a few Intel i7's or a ATI Radeon 5790 GPU, you can share in mining profitability.
So, this is mineable by GPU? How??
1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Not that big of a secret, from the homepage of Yacoin lol:
Quote
YaCoin is the first Internet crypto currency to guarantee long-term protection against GPU and ASIC mining. This enables all peers to participate equally in the network, regardless of their financial backing. Whether you have a few Intel i7's or a ATI Radeon 5790 GPU, you can share in mining profitability.
Lets say the developer rented a server farm got 1M coins and sold at market high 0.0006BTC. He only made $70k minus expenses. He developed something real in rising N value and memory requirements which mimic natural progression of computing power.
If YAC stabilizes at difficulty 1-2, block rewards 25 and block intervals at 60-120 sec then I consider this coin a success.
If YAC stabilizes at difficulty 1-2, block rewards 25 and block intervals at 60-120 sec then I consider this coin a success.
1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
And, lets not forget, YAC's dev, flipped a switch, and disappeared. I'm sure he dumped what he had, at its high debut price, and laughed his way to the bank.
Except it's owned by people with server farms. Whats the real difference here?
Anyone can mine Yacoin with its desktop computer unlike all other altcoins...
I do not have a server farms, only 2 small servers, and I can mine and make a little money...
this is the real and obvious difference.
No the difference is that there are miners that have 100.000s of YAC produced by botnets for almost zero expense, while many 'moms desktop' miners are mining at a net loss because of power cost.
This coin is just a novelty who's only quality is to teach a new generation of 'crypto coin fans' to mine . . anything.
I think a lot of folks are turned off to altcoins in general, from the sounds of it and the recent crap coin floods. I like YaCoin personally. Here's to it's continued market growth.
Yeah. Even legit ones like PPCoin with continued active development, have been taking a beating lately. Will be interesting to see what the crypto landscape looks like 6 months from now.
I also heard that SEWAGE is the new GOLD! The big advantage of sewage is that its MUCH easier to mine than gold, so opens itself up as an opportunity with people who don't have expensive mining equipment! Finally, something that's easy to mine!
And this isn't even true. Last I checked, a 7950, was much cheaper, then a server, with dual XEON proccessors... Jump to: