@ FK/merged mining: I feel confident in the process. Thanks for your efforts.
Mark (IndiaMikeZulu), Australia
Mark (IndiaMikeZulu), Australia
As do I; I'm now comfortable with the idea after the quality discussion here. Thanks FK and others!
Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 530. (Read 1047042 times)
January 06, 2015, 07:34:15 PM
As do I; I'm now comfortable with the idea after the quality discussion here. Thanks FK and others!
January 06, 2015, 06:14:57 PM
@ FK/merged mining: I feel confident in the process. Thanks for your efforts.
Mark (IndiaMikeZulu), Australia
Mark (IndiaMikeZulu), Australia
January 06, 2015, 03:16:07 PM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
vote, vote, vote
100 votes counted. Don't fall behind bitcoin!
done
January 06, 2015, 01:45:58 PM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
vote, vote, vote
100 votes counted. Don't fall behind bitcoin!
done
January 06, 2015, 01:20:21 PM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
vote, vote, vote
100 votes counted. Don't fall behind bitcoin!
done
January 06, 2015, 01:09:05 PM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
vote, vote, vote
100 votes counted. Don't fall behind bitcoin!
done
January 06, 2015, 12:01:48 PM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
vote, vote, vote
100 votes counted. Don't fall behind bitcoin!
January 06, 2015, 11:05:14 AM
I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
Two notes to add to the Merged Mining/AuthPow discussion.
First, I heard from Bryce, and he has already been considering Merged Mining Uno with Bitcoin. He thinks it could be a good long term solution to hash concerns. He wants to look into it further, but seemed very positive on it. He also said he would like to hear Blazr2's thoughts on this, as would I. A couple of his Blake256 coins are merged mined, so Bryce he has good experience with doing this.
Second, I received a reply from one of the pools I reached out to about merged mining. Mmpool.org said they would be very likely to add Uno if/when authopow becomes available. They currently mine at about 235 ths, 10x our present hash.
It's not a done deal, but there seems to be a growing consensus that it's a promising option. I am convinced that we as a community can pull this off if it's implemented.
January 06, 2015, 07:21:55 AM
The Wisdome of balu2: "i don't want to trade against bitcoin much longer."
He's not alone on that opinion. BTC:ltc volume ratios last 24hrs 2:1
normal ratio is 10:1 (x5)
To be fair with this trading pair, volume is not exactly usually high and just a couple of moderate sets of trades in the last 24 hours will skew a 24 view. Same with XRP to a lesser extent, yes? In any case, I'm with balu2 and co - bye bye bitcoin, buy buy unobtanium
January 06, 2015, 06:28:50 AM
The Wisdome of balu2: "i don't want to trade against bitcoin much longer."
He's not alone on that opinion. BTC:ltc volume ratios last 24hrs 2:1
normal ratio is 10:1 (x5)
edit:
BTC/$ vs ltc/$
measure of volume each generates
January 06, 2015, 06:09:39 AM
@ balu2: done
DVC has 16 coins in circulation, trading at a premium; and Un-Ex is giving us a small alternative to Bitstamp and Co.
If you can arrange any sort of trade in your national currency -- fact-to-face, by Internet-banking, by PayPal perhaps -- please do. The 'national chapters' thing is gonna look less and less silly as things go pear-shaped.
The Wisdome of balu2: "i don't want to trade against bitcoin much longer."
m
DVC has 16 coins in circulation, trading at a premium; and Un-Ex is giving us a small alternative to Bitstamp and Co.
If you can arrange any sort of trade in your national currency -- fact-to-face, by Internet-banking, by PayPal perhaps -- please do. The 'national chapters' thing is gonna look less and less silly as things go pear-shaped.
The Wisdome of balu2: "i don't want to trade against bitcoin much longer."
m
January 06, 2015, 04:48:37 AM
another round of voting please:
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
https://bitcointalksearch.org/topic/what-cryptocurrency-do-you-have-the-most-faith-in-the-long-term-915569
January 06, 2015, 01:59:03 AM
I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
+100
That's open source spirit.
Also important to have everyone on board with it.
Waiting for word from the devs.
This is how it's supposed to work!
January 06, 2015, 01:51:29 AM
options
A. Plan Let's be NameCoin
Merge with BTC network >> uno FORKS and becomes 10min blocks >> all the coins go to the big fish (super powerful mining companies)
B. Plan Let's be Via/SysCoin for the SHA network
AuxPow from any/all SHA network >> uno FORKS stays 3min blocks >> nearly all the coins go to the big fish (super powerful mining companies aka BTC miners) but Maza, Terra, Zeta and any other network can contribute Hash power to the UNO network. Uno gains hash at levels of IO, DEV, and if the price rises UNO hash = NAME hash. In theory UNO network could be bigger than BTC network.
C. Plan Let's be the Alternative network to BTC network
Merge ZETA(or other) into UNO network >> uno does not FORK >> zeta Forks to gain a better network (x24 more Hash power) Uno gains too (maybe x1.05 more Hash immediately but as Zeta rises in price it helps attract miners to Uno). Because to mine Zeta you mine Uno. Same way NAME is mined you mine BTC.
bb. Plan Let's help smaller networks by letting them mine UNO too
Create and help fork into other networks UNO specific AuxPow code & UNO specific AuxPow pools >> uno does not FORK >> other coins fork but can mine UNO on the side. Uno gains (maybe x50-100 more Hash) but network gains will be slower to realize.
mp. Plan Mine Mine Mine
Focus on Multipool. See Jumbucks above. Other coins are mined and sold to buy UNO. This eventually becomes a zero sum game, or the 'Most Popular' coin to mine wins and the 'Most Popular' coin buy loses. So miners vs. buyers/investors. Miners winning the battle.
bp. Plan Buy Buy Buy
Focus on price. Raise uno to $20/kg. And you will get (options B. & mp.) free with out any work ... the reward is everyone mines UNO and dumps it to support their coin of choice. So miners vs. buyers/investors. Buyers/investors winning the battle.
----
Our destiny is the combo of plans [C.+bb.+mp.bp.] This sets up uno as 'the' alternative network with real teeth.
plan B. will make us a great coin ... but will need to fork ... PLUS in the short term we will see a boost in Hash power ... BUT we will end up being 90% consumed by the centralized powers of "The Bitcoin Network"TMas uno prices rise ... but this maybe 2 or 3 years so independents can mine for sometime ... all in all this is just plan A. the long way with the bonus theory that UNO network could be bigger than BTC network.
plan A. we lose. We are just another free coin for the centralized powers of "The Bitcoin Network"TM we are no cooler than i0 coin.
-----
fun fact UNO has $1 for every $40 of doge capital ... i think this is awesome ... it shows we can hold the bottom line $VALUE ... all it takes is a little spark and we have a top-notch NAME brand waiting to be discovered.
sort version: got NAME & got $VALUE
A. Plan Let's be NameCoin
Merge with BTC network >> uno FORKS and becomes 10min blocks >> all the coins go to the big fish (super powerful mining companies)
B. Plan Let's be Via/SysCoin for the SHA network
AuxPow from any/all SHA network >> uno FORKS stays 3min blocks >> nearly all the coins go to the big fish (super powerful mining companies aka BTC miners) but Maza, Terra, Zeta and any other network can contribute Hash power to the UNO network. Uno gains hash at levels of IO, DEV, and if the price rises UNO hash = NAME hash. In theory UNO network could be bigger than BTC network.
C. Plan Let's be the Alternative network to BTC network
Merge ZETA(or other) into UNO network >> uno does not FORK >> zeta Forks to gain a better network (x24 more Hash power) Uno gains too (maybe x1.05 more Hash immediately but as Zeta rises in price it helps attract miners to Uno). Because to mine Zeta you mine Uno. Same way NAME is mined you mine BTC.
bb. Plan Let's help smaller networks by letting them mine UNO too
Create and help fork into other networks UNO specific AuxPow code & UNO specific AuxPow pools >> uno does not FORK >> other coins fork but can mine UNO on the side. Uno gains (maybe x50-100 more Hash) but network gains will be slower to realize.
mp. Plan Mine Mine Mine
Focus on Multipool. See Jumbucks above. Other coins are mined and sold to buy UNO. This eventually becomes a zero sum game, or the 'Most Popular' coin to mine wins and the 'Most Popular' coin buy loses. So miners vs. buyers/investors. Miners winning the battle.
bp. Plan Buy Buy Buy
Focus on price. Raise uno to $20/kg. And you will get (options B. & mp.) free with out any work ... the reward is everyone mines UNO and dumps it to support their coin of choice. So miners vs. buyers/investors. Buyers/investors winning the battle.
----
Our destiny is the combo of plans [C.+bb.+mp.bp.] This sets up uno as 'the' alternative network with real teeth.
plan B. will make us a great coin ... but will need to fork ... PLUS in the short term we will see a boost in Hash power ... BUT we will end up being 90% consumed by the centralized powers of "The Bitcoin Network"TMas uno prices rise ... but this maybe 2 or 3 years so independents can mine for sometime ... all in all this is just plan A. the long way with the bonus theory that UNO network could be bigger than BTC network.
plan A. we lose. We are just another free coin for the centralized powers of "The Bitcoin Network"TM we are no cooler than i0 coin.
-----
fun fact UNO has $1 for every $40 of doge capital ... i think this is awesome ... it shows we can hold the bottom line $VALUE ... all it takes is a little spark and we have a top-notch NAME brand waiting to be discovered.
sort version: got NAME & got $VALUE
January 05, 2015, 08:25:50 PM
it's constant good news in here. I like that
vote for uno here:
https://bitcointalksearch.org/topic/the-future-of-crypto-best-etablished-pow-coin-to-buy-or-mine-in-913172
vote for uno here:
https://bitcointalksearch.org/topic/the-future-of-crypto-best-etablished-pow-coin-to-buy-or-mine-in-913172
January 05, 2015, 08:16:53 PM
I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
+100
That's open source spirit.
Also important to have everyone on board with it.
Waiting for word from the devs.
According to this
https://en.bitcoin.it/wiki/Merged_mining_specification#Aux_proof-of-work_block
It's possible to have 'multiple auxiliary chains' which means you can merge mine UNO with BTC and ZET.
Also found some python code for pools
https://gitorious.org/bitcoin/luke-jr-bitcoin/commit/6849ac73f3577c1b445787993d134a596c89c09b
I'm going to research this more...
January 05, 2015, 08:16:41 PM
Ok, back to the present moment. 
There's good news for miners with Scrypt and X11 hash who want to accumulate Uno.
There's good news for miners with Scrypt and X11 hash who want to accumulate Uno. January 05, 2015, 08:11:10 PM
I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
+100
That's open source spirit.
Also important to have everyone on board with it.
Waiting for word from the devs.
January 05, 2015, 07:54:49 PM
I'm glad we can discuss this openly. Anything impacting Uno in a such a big way should be vetted by the community.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
It's a good exercise to talk it out. You guys raised merged mining previously as an option. If it's a bad idea, I'm sure someone will point out exactly why. That's why it's open source.
If Blazr/Bryce decide to do it, we should all understand it enough to be able to embrace the decision. Maybe they'll come along and sink the entire idea with one sentence. It's their judgement that matters here more than mine. But if there's a better way, we should find it.
January 05, 2015, 07:49:15 PM
Let's consider a doomsday scenario. Lets say Bitcoin hash fell by 99% from today's hash, and that Uno could only realize 1% of that 1%. Would it still be better off?
I'll attempt the math (yikes! I hate math, I'm bad at it).
Bitcoin difficulty is ight now 40,640,955,016.
Crash! Bitcoin difficulty falls 99% to a mere 406,409,550.
And poor Uno was struggling, and is only able to piggy back on 1% of that hash. This leaves Uno with a difficulty of just over 4 million.
At this moment, Chainz says that Uno's difficulty is currently at 706,400.
In this scenario, a merged mined Uno would still have nearly 6x (5.75x to be exact) more hash than it has today, in terms of difficulty.
I'll attempt the math (yikes! I hate math, I'm bad at it).
Bitcoin difficulty is ight now 40,640,955,016.
Crash! Bitcoin difficulty falls 99% to a mere 406,409,550.
And poor Uno was struggling, and is only able to piggy back on 1% of that hash. This leaves Uno with a difficulty of just over 4 million.
At this moment, Chainz says that Uno's difficulty is currently at 706,400.
In this scenario, a merged mined Uno would still have nearly 6x (5.75x to be exact) more hash than it has today, in terms of difficulty.
ok, so we don't even need to wait for the bottom as it would still make sense to merge if btc would fall to double digits and as was told uno could still be mined solo.
You run with it, FK - i trust your judgement with the matter.
Jump to: