[XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 108.

GSnak

full member

Activity: 182

Merit: 100

Quote from: matt4054 on July 13, 2013, 09:46:30 AM

The problem is that the market price will probably be biased lower at some point, due to many "smart kids" hijacking resources they have access to, but are not paying for, and they will be dumping their CPU-farmed coins at zero cost en masse... Sad

Hopefully, they will be taunted soon enough by their parents / boss / university management when they get the electricity bill, or when all IT room users complain about how slow the computers are, or simply why it is so hot in the room in spite of air conditioning...

But then come the botnets... and we're pretty much doomed until we shift to GPU mining

^ This.

Anyone who thinks CPU mining "levels the playing field" is deluding themselves.

mhps

hero member

Activity: 516

Merit: 500

CAT.EX Exchange

Quote from: canoe on July 12, 2013, 04:36:12 PM

I've added primecoin to my charts website:

http://cryptometer.org/primecoin_96_hour_charts.html

Interesting chart. But the logarithmic Y scale is misleading. block/hour rate on averate (100) overshoots target (60) by 66% ! But on the plot it looks much smaller.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: altsay on July 13, 2013, 09:40:10 AM

It seems the prices on exchanges will skyrocket eventually as even higher pps rates does not yield that much of blocks.

The problem is that the market price will probably be biased lower at some point, due to many "smart kids" hijacking resources they have access to, but are not paying for, and they will be dumping their CPU-farmed coins at zero cost en masse... Sad

Hopefully, they will be taunted soon enough by their parents / boss / university management when they get the electricity bill, or when all IT room users complain about how slow the computers are, or simply why it is so hot in the room in spite of air conditioning...

But then come the botnets... and we're pretty much doomed until we shift to GPU mining

altsay

sr. member

Activity: 359

Merit: 250

It seems the prices on exchanges will skyrocket eventually as even higher pps rates does not yield that much of blocks.

mhps

hero member

Activity: 516

Merit: 500

CAT.EX Exchange

Quote from: maco on July 13, 2013, 04:52:43 AM

35 hours+ with PC mining i5 CPU @ 400 - 600 PPS (no block for 35+ hours)

4 Linux servers (AVG PPS BELOW)
10 cores at 2500 PPS - NO BLOCK
1 CPU @ 500 PPS - NO BLOCK
1 CPU @ 700 PPS - NO BLOCK
12 CORE CPU @ 1500 - 2500 PPS NO BLOCK.

hm.. I'd be happy to even see a return on my hardware/resources,
but it doesn't look like that will be happening anytime soon.

I think the PPS number is partly an illusion. I suggest the official 0.1.1 client. I use it to find a block in about 12 hours but nothing with the optimized ones (except early version of 0710 and first release from Zalfrin).
I also suggest you restart your client once a few hours. I just wasted about 6 hours a few hours ago because it was mining on the wrong chain -- found out after I restarted one client and it started redownloading blockchain from 6 hours before.

LZ

legendary

Activity: 1722

Merit: 1072

P2P Cryptocurrency

Quote from: bitwarrior on July 13, 2013, 07:25:21 AM

How do you increase the number of connections? any nodes to be added? I have only 8 connections at the moment.

Add these lines to your primecoin.conf file:

Code:

dns=1
addnode=primecoin.cloudapp.net
addnode=primecoins0.cloudapp.net
addnode=primecoins1.cloudapp.net
addnode=primecoins2.cloudapp.net
addnode=primecoins3.cloudapp.net
addnode=primecoins4.cloudapp.net
addnode=primecoins5.cloudapp.net
addnode=primecoins6.cloudapp.net
addnode=primecoins7.cloudapp.net
addnode=primecoins8.cloudapp.net
addnode=primecoins9.cloudapp.net
addnode=primecoins10.cloudapp.net
addnode=primecoins11.cloudapp.net
addnode=primecoins12.cloudapp.net
addnode=primecoins13.cloudapp.net
addnode=primecoins14.cloudapp.net

Also you have to open TCP port 9911. Check it.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: cryptohunter on July 13, 2013, 08:20:41 AM

Yeah it's harder to mine now for sure, i wouldn't convince so many people. Then again some people have over 100,000 pps each so doesn't really matter. The easy coins for the average miner are gone. Just leave your pcs running and forget about it and check in a weeks time, maybe a few blocks by then.

This is one of the only new alt-coins that actually has a value IMHO, I wouldn't like to see it dead because of a massive sell-off from some botnet operators or the like... I'm a little bit worried since it has already made its way to Vircurex, Cryptsy and MCXNow. Back in the pre-cryptocoin days, I had given more than $300 worth of electricity / CPU power for the GIMPS project, and there was no reward for it (unless you "won the lottery" by finding a new highest Mersenne prime).

The scientific value of PrimeCoin is not as much, but still, it has one.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: alexxy on July 13, 2013, 08:22:19 AM

Quote from: cryptohunter on July 13, 2013, 08:20:41 AM

Yeah it's harder to mine now for sure, i wouldn't convince so many people. Then again some people have over 100,000 pps each so doesn't really matter. The easy coins for the average miner are gone. Just leave your pcs running and forget about it and check in a weeks time, maybe a few blocks by then.

You're wrong. I get 8 blocks today using only 4 pc

If that happens everyday then i'm wrong. You may not get a block for 24 hours or more now. At the start you could expect a block every few hours from each pc. The diff has gone up right?? I see a lot of people with 3000pps saying nothing for hours or days.

alexxy

sr. member

Activity: 363

Merit: 250

Quote from: cryptohunter on July 13, 2013, 08:20:41 AM

Yeah it's harder to mine now for sure, i wouldn't convince so many people. Then again some people have over 100,000 pps each so doesn't really matter. The easy coins for the average miner are gone. Just leave your pcs running and forget about it and check in a weeks time, maybe a few blocks by then.

You're wrong. I get 8 blocks today using only 4 pc

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: rahlquist on July 13, 2013, 08:06:57 AM

Quote from: maco on July 13, 2013, 04:52:43 AM

35 hours+ with PC mining i5 CPU @ 400 - 600 PPS (no block for 35+ hours)

hm.. I'd be happy to even see a return on my hardware/resources,
but it doesn't look like that will be happening anytime soon.

It's not just you. I have friends I convinced to try this coin and they are getting blocks and I have been mining it for over 24 hours on 5 machines with about a 2800 combined rate and not one block yet.

Yeah it's harder to mine now for sure, i wouldn't convince so many people. Then again some people have over 100,000 pps each so doesn't really matter. The easy coins for the average miner are gone. Just leave your pcs running and forget about it and check in a weeks time, maybe a few blocks by then.

rahlquist

newbie

Activity: 46

Merit: 0

Quote from: maco on July 13, 2013, 04:52:43 AM

35 hours+ with PC mining i5 CPU @ 400 - 600 PPS (no block for 35+ hours)

hm.. I'd be happy to even see a return on my hardware/resources,
but it doesn't look like that will be happening anytime soon.

It's not just you. I have friends I convinced to try this coin and they are getting blocks and I have been mining it for over 24 hours on 5 machines with about a 2800 combined rate and not one block yet.

mustyoshi

sr. member

Activity: 287

Merit: 250

Quote from: bitwarrior on July 13, 2013, 07:25:21 AM

How do you increase the number of connections? any nodes to be added? I have only 8 connections at the moment.
thanks

In your primecoin.conf add

Code:

maxconnections=#

I limited mine to 256.

Go ahead and

Code:

addnode 68.61.164.76 add

in your console.

bitwarrior

legendary

Activity: 1764

Merit: 1000

How do you increase the number of connections? any nodes to be added? I have only 8 connections at the moment.
thanks

mustyoshi

sr. member

Activity: 287

Merit: 250

My connected nodes has been steadily dropping, was at 100+ last night, currently at 83, are people leaving the network in light of the people getting 5k+ pps?

OnlyC

full member

Activity: 154

Merit: 100

Quote from: ribal on July 13, 2013, 06:05:56 AM

Installed the latest official qt and it crashed.

Program: primexoin-qt.exe
File: src/main.cpp
Line: 1719

Expression: pfork!= NULL

Whats wrong? Already re-installed.

Where did you download it from? look at the file name, primexoin?

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Not getting anything. Will run for a day more and shut off if I get nothing.

fabrizziop

hero member

Activity: 506

Merit: 500

I'd like to know if I'm the only one having this problem:

The primecoin client appears to be working normally, it says up to date and everything, but when you restart it then it tells you it's about 6 hours behind and you have orphan blocks. As I try with UPNP and non-upnp builds my ports are forwarded directly at the router (pfsense) and I see normally around 20 connections.

ribal

member

Activity: 217

Merit: 10

Installed the latest official qt and it crashed.

Program: primexoin-qt.exe
File: src/main.cpp
Line: 1719

Expression: pfork!= NULL

Whats wrong? Already re-installed.

nullbitspectre1848

full member

Activity: 141

Merit: 100

I'm running the 0.1.1 client and had no hang issue on that block, or any other for that matter. Maybe a fluke?

eule

hero member

Activity: 756

Merit: 501

Quote from: kev7112001 on July 13, 2013, 02:33:59 AM

Why do all the wallet lag on the block chain i have to stop and restart them all

Yep, my official windows 0.1.1 client hung on 22171.

Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 108. (Read 689005 times)