Topic: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin - page 21. (Read 60301 times)

Quote from: ictin on May 02, 2013, 05:33:23 PM

Is there any indication on the client running on "server mode"?
I think I'm mining air.

I don't think you can even mine without the client being in server mode. What's your hashrate? Difficulty is way up, and I'm having trouble finding blocks with 1.2 MH/s.

So high is the difficulty? I think i can drop mining with my 70kh/s. And what was the last reward?

Last reward I received was around .30, but it's already way lower than that. Yeah, you won't be able to find any blocks with 70kh/s, unless you get really lucky. Difficulty is climbing very fast. I'm probably going to stop solo mining tomorrow as well. 1.2MH/s won't do it for Solo mining I'm afraid.

Well, i found 3 hours ago a block of 0.358, but i think was just a lucky hit. Maybe somebody will setup a pool

Hazard

legendary

Activity: 980

Merit: 1000

Difficulty is insane right now.

juve4v

hero member

Activity: 505

Merit: 500

difficulty" : 0.59720602, and
Status: 7 confirmations, broadcast through 6 nodes
Source: Generated
Credit: 0.272968 BTB (matures in 513 more blocks) 1 min ago

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: Mushoz on May 02, 2013, 05:25:51 PM

Quote from: Mushoz on May 02, 2013, 05:25:51 PM

Is there any indication on the client running on "server mode"?
I think I'm mining air.

I don't think you can even mine without the client being in server mode. What's your hashrate? Difficulty is way up, and I'm having trouble finding blocks with 1.2 MH/s.

So high is the difficulty? I think i can drop mining with my 70kh/s. And what was the last reward?

Last reward I received was around .30, but it's already way lower than that. Yeah, you won't be able to find any blocks with 70kh/s, unless you get really lucky. Difficulty is climbing very fast. I'm probably going to stop solo mining tomorrow as well. 1.2MH/s won't do it for Solo mining I'm afraid.

ictin

full member

Activity: 258

Merit: 100

Look ARROUND!

Is there any indication on the client running on "server mode"?
I think I'm mining air.

I don't think you can even mine without the client being in server mode. What's your hashrate? Difficulty is way up, and I'm having trouble finding blocks with 1.2 MH/s.

So high is the difficulty? I think i can drop mining with my 70kh/s. And what was the last reward?

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Is there any indication on the client running on "server mode"?
I think I'm mining air.

I don't think you can even mine without the client being in server mode. What's your hashrate? Difficulty is way up, and I'm having trouble finding blocks with 1.2 MH/s.

balu

full member

Activity: 208

Merit: 100

It has 10 minute block rewards. Now there is 2-4 blocks found every minute. Logic suggests that difficulty will keep increasing till that balance.

Twerka

full member

Activity: 154

Merit: 100

Is there any indication on the client running on "server mode"?
I think I'm mining air.

ElBurro

member

Activity: 101

Merit: 10

Quote from: Mushoz on May 02, 2013, 04:53:06 PM

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Grin

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

reward = 100 / (diff ^ 1/6) for novacoin ,

so here in BTB it should be:

reward = 1 / (diff ^ 1/6) .

So the coin is designed to be mined short periods of time, until the difficulty increases to unreasonable levels? I saw this happen to NVC last week; miners rush to cash in on high profitability, then the hash rate tanks for some time while the diff adjusts.

datguyian

sr. member

Activity: 840

Merit: 251

Quote from: kokojie on May 02, 2013, 04:51:31 PM

Quote from: Mushoz on May 02, 2013, 04:49:27 PM

Quote from: kokojie on May 02, 2013, 04:47:25 PM

Quote from: Mushoz on May 02, 2013, 04:53:06 PM

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Grin

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

reward = 100 / (diff ^ 1/6) for novacoin ,

so here in BTB it should be:

reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long.

I actually kind of like the concept of this, but I agree with you. If it does do that, I think it would take quite awhile. But I guess you also never know...

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: kokojie on May 02, 2013, 04:51:31 PM

Quote from: Mushoz on May 02, 2013, 04:49:27 PM

Quote from: kokojie on May 02, 2013, 04:47:25 PM

Quote from: kokojie on May 02, 2013, 04:51:31 PM

Right, I'm sure 0.00000001 BTB as block reward and 0.00000000 BTB as transaction fees will cover mining costs. Grin

Does the reward decrease to zero? Can anyone graph the reward per block?

reward is like NVC. it will rise again, if difficulty drops. reward is function of difficulty, not time.
according to balthazar:

reward = 100 / (diff ^ 1/6) for novacoin ,

so here in BTB it should be:

reward = 1 / (diff ^ 1/6) .

So BTB should roughly be valued at 100x of NVC? which makes the fair value 3 BTC per 1 BTB?

In a perfect scenario, I guess so. But there are way too many variables to make such an extrapolation.

If anything, BTB should be valued more, since this is a no pre-mine version of NVC.

That makes sense. But I think the low reward is going to give some troubles. I think people will find it hard to grasp why such a new coin can be worth more than a bitcoin, which has been around for so long.

The coin value is determined purely by demand and supply.

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: Mushoz on May 02, 2013, 04:49:27 PM

Quote from: kokojie on May 02, 2013, 04:47:25 PM