*update client [ANN] BitBar New POW-POS scrypt CryptoCoin - page 31.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: markm on May 02, 2013, 01:18:47 PM

Quote from: Rubberduckie on May 02, 2013, 01:15:21 PM

Quote from: ImI on May 02, 2013, 01:14:17 PM

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

No, it is not, because the difficulty is INSANELY low, not merely low.

Until a decent number of miners jump on it it should be taking a lot longer per block than its target time, not less time than its target time.

It is a deliberately pre-mined coin and what you are seeing is it being pre-mined right before your eyes.

-MarkM-

this scheme will gon on until there is no "market" for such coins anymore

markm

legendary

Activity: 2940

Merit: 1090

Quote from: Rubberduckie on May 02, 2013, 01:15:21 PM

Quote from: ImI on May 02, 2013, 01:14:17 PM

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

No, it is not, because the difficulty is INSANELY low, not merely low.

Until a decent number of miners jump on it it should be taking a lot longer per block than its target time, not less time than its target time.

It is a deliberately pre-mined coin and what you are seeing is it being pre-mined right before your eyes.

You are actually watching the pre-mining happening, and even attempting to participate in pre-mining it.

-MarkM-

shakezula

sr. member

Activity: 308

Merit: 250

Strange, with --scrypt in my cgminer line I get nothing but New Block detected. With out it, I got a few rejects, but only ran it a minute or two...

Can someone with a block or two post their cgminer config?

Rubberduckie

legendary

Activity: 1442

Merit: 1000

Quote from: ImI on May 02, 2013, 01:14:17 PM

same here. transactions popping up and are gone the next second.

thats normal at low difficulty

r3animation

hero member

Activity: 756

Merit: 500

Quote from: shakezula on May 02, 2013, 01:11:38 PM

Do I need --scrypt to mine this? It looks more like the BTC wallet than the NovaCoin wallet, yet it says scrypt...anyone?

its scrypt

markm

legendary

Activity: 2940

Merit: 1090

It *is* a pre-mine. The people mining it right now are the pre-miners, pre-mining it.

Maybe once the difficulty adjusts to a point where the target time between blocks is attained then it could be said to have shifted from pre-mining mode to normal mining mode.

But that should have been the case from the start, by setting the initial difficulty correctly based on the fact this is not 2009 anymore.

Really a new coin should be taking a few hours of more miners jumping on it before it even has enough miners to find blocks as fast as its target time, initially with only the first few miners it should be taking a lot longer than the target.

-MarkM-

ImI

legendary

Activity: 1946

Merit: 1019

same here. transactions popping up and are gone the next second.

baka

full member

Activity: 196

Merit: 100

10 accepted so far, and 2.2 BTB in wallet in "Immature" whatever the hell that is.

shakezula

sr. member

Activity: 308

Merit: 250

Do I need --scrypt to mine this? It looks more like the BTC wallet than the NovaCoin wallet, yet it says scrypt...anyone?

treiq

newbie

Activity: 28

Merit: 0

CHNCoin all over again, mined it for 16 hours and haven't gotten dick yet. Guess i'm back to FTC.

kzetts

newbie

Activity: 36

Merit: 0

1 Accepted(nothing in my wallet, so I assume orphan?) and 250 rejected. What gives?

baka

full member

Activity: 196

Merit: 100

I think they waited a microsecond before mining so it doesn't count as pre-mine.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: xorxor on May 02, 2013, 12:56:19 PM

Quote from: ronaldinho_07 on May 02, 2013, 12:53:48 PM

get only orphan
i give up Undecided

this is a "natural" way of rising starting diff. i got 200 orphans and 5 accepted

There is nothing "natural" about it, difficulty was deliberately set insanely low to enable rapid pre-mining of the coin.

The "natural" way to start WITHOUT a pre-mine is to set the difficulty to a level where if the usual number of miners jump aboard they will hopefully be enough to not make it take a lot longer than the target block-time between blocks right from the outset. Certainly not massively LESS than target.

Instead it was set up to enable an instant pre-mine.

-MarkM-

relm9

hero member

Activity: 840

Merit: 1000

Uh... well, sounds more promising than CHNCoin.

I'm running it in a sandbox but the source looks clean.

Rubberduckie

legendary

Activity: 1442

Merit: 1000

Quote from: treiq on May 02, 2013, 01:02:51 PM

Quote from: Rubberduckie on May 02, 2013, 01:02:06 PM

conf name?

BitBar

thx

ronaldinho_07

sr. member

Activity: 476

Merit: 250

Quote from: Rubberduckie on May 02, 2013, 01:02:06 PM

conf name?

bitbar.conf
i got 55 blocks and all of them are orphan blocks

treiq

newbie

Activity: 28

Merit: 0

Quote from: Rubberduckie on May 02, 2013, 01:02:06 PM

conf name?

BitBar

r3animation

hero member

Activity: 756

Merit: 500

20 accepted, 30 rejected

all orphans

markm

legendary

Activity: 2940

Merit: 1090

Pre-miners, you mean.

This thing is being pre-mined right now, you are one of the pre-miners.

Blocks seem to be coming in every second or so, it is in pre-mining mode, difficulty deliberately started ridiculously low so the the author could start mining a block a second or more while you set up your mining then you mine a block a second or more while preparing to post and so on.

It looks like no attempt at all was made to set the initial difficulty at a reasonable level, instead the whole thing is designed specifically, like mincoin, for pre-mining.

How fast are blocks being found, and what is the command people need to use with e.g. cgminer to make it not expect at least a minute between blocks? (As otherwise no wonder everyone finds only stales, sixty blocks have gone by by the time they check for new work.)

This is basically deliberately designed as a pre-mining scam.

-MarkM-

Rubberduckie

legendary

Activity: 1442

Merit: 1000

conf name?

Topic: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin - page 31. (Read 60301 times)