Bitcoin Forum>Alternate cryptocurrencies>Announcements (Altcoins)
Pages:
Author

Topic: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin - page 22. (Read 60298 times)

kokojie
legendary
Activity: 1806
Merit: 1003
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:51:31 PM
#215
Quote from: Mushoz on May 02, 2013, 05:49:27 PM
Quote from: kokojie on May 02, 2013, 05:47:25 PM
Quote from: xorxor on May 02, 2013, 05:46:04 PM
Quote from: Mushoz on May 02, 2013, 05:40:34 PM
Quote from: ?? on ??
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.
Mushoz
hero member
Activity: 686
Merit: 500
Bitbuy
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:49:27 PM
#214
Quote from: kokojie on May 02, 2013, 05:47:25 PM
Quote from: xorxor on May 02, 2013, 05:46:04 PM
Quote from: Mushoz on May 02, 2013, 05:40:34 PM
Quote from: ?? on ??
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.
kokojie
legendary
Activity: 1806
Merit: 1003
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:47:25 PM
#213
Quote from: xorxor on May 02, 2013, 05:46:04 PM
Quote from: Mushoz on May 02, 2013, 05:40:34 PM
Quote from: ?? on ??
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?
Mushoz
hero member
Activity: 686
Merit: 500
Bitbuy
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:47:13 PM
#212
Quote from: xorxor on May 02, 2013, 05:46:04 PM
Quote from: Mushoz on May 02, 2013, 05:40:34 PM
Quote from: ?? on ??
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) .

Makes sense, thanks for the explanation!
xorxor
sr. member
Activity: 476
Merit: 253
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:46:04 PM
#211
Quote from: Mushoz on May 02, 2013, 05:40:34 PM
Quote from: ?? on ??
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) .
baka
full member
Activity: 196
Merit: 100
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:45:36 PM
#210
Quote from: datguyian on May 02, 2013, 05:42:55 PM
The difficulty is climbing insanely fast... Started not even an hour ago with 26k difficulty, now it's almost at 29k (cgminer numbers, not sure what that translates to).
it's 0.026 litecoin equivalent. anyone getting any? haven't found shit in over 2 hours, is 370kh/s too low for this diff?
datguyian
sr. member
Activity: 840
Merit: 251
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:42:55 PM
#209
The difficulty is climbing insanely fast... Started not even an hour ago with 26k difficulty, now it's almost at 29k (cgminer numbers, not sure what that translates to).
Mushoz
hero member
Activity: 686
Merit: 500
Bitbuy
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:40:34 PM
#208
Quote from: ?? on ??
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?
ElBurro
member
Activity: 101
Merit: 10
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:31:28 PM
#207
Quote from: ?? on ??
Yes, and no one will mine it in few days because there won't be any block rewards nor transactions fees since one can send BTB without any transaction fees.

Cryptocoin Comedy Central  Grin


Or increased demand will make it profitable to continue to mine. It certainly has happened before and the miners will be laughing all the way to the bank.
ThingNL
newbie
Activity: 17
Merit: 0
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:11:14 PM
#206
Quote from: mc_lovin on May 02, 2013, 04:57:29 PM
Quote from: ThingNL on May 02, 2013, 04:54:27 PM
Anyone wanna share how to mine this stuff....?
Hardly worth the efforts, but you never know.  

Open your wallet app to start blockchain dl, then go to appdata directory (just hit start and type %appdata% and press enter), create file bitbar.conf with this info:

Code:
rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=9344
daemon=1
server=1
gen=0

block_nTime=1317972665
block_nNonce=2084524493

then point your miner to 127.0.0.1:9344 assuming you are soloing on just that box.  The rest is normal scrypt mining, look into LTC mining.

Thanks.... I was halfway there.... Its running now.... see what happens...
rbdrbd
sr. member
Activity: 462
Merit: 250
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:08:28 PM
#205
I pulled my miners off (22,000 KH). Hopefully this will give others more of a chance to find a block.

I was finding one block about every minute up until I pulled them back to feathercoin...at around .3 bit bars now each block.
markm
legendary
Activity: 2940
Merit: 1090
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:02:15 PM
#204
GPUs are not out of work though! Merged mine! The Bitcoins pay for the electricity, and unless your electricity is particularly expensive where you are they also provide profit.

Then you basically get all seven or eight or however many it is types of merged mined coins for free.

The sites that claim to show you "profitability" only show the coins lots and lots of people are merged-mining, thus the ones you'll get the lowest numbers of. What they aren't showing you is how many of all the others you get with only a few CPU miners to compete against...

My tables-and-plots scripts put up a "latest rates" list as well as all the tables and plots, so for a quick run-down you can just grab

http://galaxies.mygamesonline.org/latestrates.inc

It is in a form suitable for use as an include file in shell scripts.

You can tell which asset the others are priced in terms of by looking which one is shown as rate of 1.00000000

You can convert the rates into being based on any of the others simply by dividing by the rate given for the one you want to list all the others in terms of.

-MarkM-
balu
full member
Activity: 208
Merit: 100
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:01:38 PM
#203
How does proof of stake work actually?
Tobius
member
Activity: 182
Merit: 10
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:00:51 PM
#202
Quote from: hdclover on May 02, 2013, 04:56:34 PM
this is indeed the RAREST crypto coin in the WORLD.

Good thing? Bad thing? Who knows. All I know is it seems that this is slightly impossible XD
Dervana
member
Activity: 112
Merit: 10
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 05:00:21 PM
#201
Quote from: jtmart007 on May 02, 2013, 04:57:46 PM
What's the current diff? I am seeing 19k+ on cgminer?? That can't be right.

Nope, 20k  Wink
jimhsu
sr. member
Activity: 364
Merit: 264
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 04:58:56 PM
#200
Quote from: jtmart007 on May 02, 2013, 04:57:46 PM
What's the current diff? I am seeing 19k+ on cgminer?? That can't be right.


15:58:43
getdifficulty
15:58:43
{
"proof-of-work" : 0.30069789,
"proof-of-stake" : 0.00024414,
"search-interval" : 1
}

Maybe that?
tacotime
legendary
Activity: 1484
Merit: 1005
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 04:58:05 PM
#199
Reward algorithm:
Code:
int64 GetProofOfWorkReward(unsigned int nBits)
{
    CBigNum bnSubsidyLimit = MAX_MINT_PROOF_OF_WORK;
    CBigNum bnTarget;
    bnTarget.SetCompact(nBits);
    CBigNum bnTargetLimit = bnProofOfWorkLimit;
    bnTargetLimit.SetCompact(bnTargetLimit.GetCompact());

    // ppcoin: subsidy is cut in half every 64x multiply of difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nSubsidyLimit / nSubsidy) ** 6 == bnProofOfWorkLimit / bnTarget
    //
    // Human readable form:
    //
    // nSubsidy = 100 / (diff ^ 1/6)
    CBigNum bnLowerBound = CENT;
    CBigNum bnUpperBound = bnSubsidyLimit;
    while (bnLowerBound + CENT <= bnUpperBound)
    {
        CBigNum bnMidValue = (bnLowerBound + bnUpperBound) / 2;
        if (fDebug && GetBoolArg("-printcreation"))
            printf("GetProofOfWorkReward() : lower=%"PRI64d" upper=%"PRI64d" mid=%"PRI64d"\n", bnLowerBound.getuint64(), bnUpperBound.getuint64(), bnMidValue.getuint64());
        if (bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnTargetLimit > bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnTarget)
            bnUpperBound = bnMidValue;
        else
            bnLowerBound = bnMidValue;
    }

    int64 nSubsidy = bnUpperBound.getuint64();
    //nSubsidy = (nSubsidy / CENT) * CENT;
    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfWorkReward() : create=%s nBits=0x%08x nSubsidy=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nBits, nSubsidy);

    return min(nSubsidy, MAX_MINT_PROOF_OF_WORK);
}

Um, hm.  Versus PPC:
Code:
int64 GetProofOfWorkReward(unsigned int nBits)
{
    CBigNum bnSubsidyLimit = MAX_MINT_PROOF_OF_WORK;
    CBigNum bnTarget;
    bnTarget.SetCompact(nBits);
    CBigNum bnTargetLimit = bnProofOfWorkLimit;
    bnTargetLimit.SetCompact(bnTargetLimit.GetCompact());

    // ppcoin: subsidy is cut in half every 16x multiply of difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nSubsidyLimit / nSubsidy) ** 4 == bnProofOfWorkLimit / bnTarget
    CBigNum bnLowerBound = CENT;
    CBigNum bnUpperBound = bnSubsidyLimit;
    while (bnLowerBound + CENT <= bnUpperBound)
    {
        CBigNum bnMidValue = (bnLowerBound + bnUpperBound) / 2;
        if (fDebug && GetBoolArg("-printcreation"))
            printf("GetProofOfWorkReward() : lower=%"PRI64d" upper=%"PRI64d" mid=%"PRI64d"\n", bnLowerBound.getuint64(), bnUpperBound.getuint64(), bnMidValue.getuint64());
        if (bnMidValue * bnMidValue * bnMidValue * bnMidValue * bnTargetLimit > bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnSubsidyLimit * bnTarget)
            bnUpperBound = bnMidValue;
        else
            bnLowerBound = bnMidValue;
    }

    int64 nSubsidy = bnUpperBound.getuint64();
    nSubsidy = (nSubsidy / CENT) * CENT;
    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfWorkReward() : create=%s nBits=0x%08x nSubsidy=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nBits, nSubsidy);

    return min(nSubsidy, MAX_MINT_PROOF_OF_WORK);
}
jimhsu
sr. member
Activity: 364
Merit: 264
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 04:57:49 PM
#198
Quote from: rbdrbd on May 02, 2013, 04:34:58 PM
Quote from: rbdrbd on May 02, 2013, 04:29:11 PM
Quote from: mc_lovin on May 02, 2013, 04:21:26 PM
someone slap a pool together

working on it...

Actually, spoke too soon. Looks like it requires code modifications to p2pool (network.py and possibly others). I am a python developer, but have no idea what's necessary here. If there are any p2pool gods, I'd be happy to host a pool, but will need some help making the necessary code modifications.

Yea, I tried that too. I remember that this was the case with PPC too?
jtmart007
newbie
Activity: 36
Merit: 0
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 04:57:46 PM
#197
What's the current diff? I am seeing 19k+ on cgminer?? That can't be right.
mc_lovin
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
Re: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin
May 02, 2013, 04:57:29 PM
#196
Quote from: ThingNL on May 02, 2013, 04:54:27 PM
Anyone wanna share how to mine this stuff....?
Hardly worth the efforts, but you never know.  

Open your wallet app to start blockchain dl, then go to appdata directory (just hit start and type %appdata% and press enter), create file bitbar.conf with this info:

Code:
rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=9344
daemon=1
server=1
gen=0

block_nTime=1317972665
block_nNonce=2084524493

then point your miner to 127.0.0.1:9344 assuming you are soloing on just that box.  The rest is normal scrypt mining, look into LTC mining.
Pages:
Bitcoin Forum>Alternate cryptocurrencies>Announcements (Altcoins)
Jump to: