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Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 173. (Read 688812 times)

newbie
Activity: 17
Merit: 0
I have a very strong academic mathematics background. 'scientific value' is a subjective statement. Most mathematicians would regard anything new or original as advancing mathematics. Do you think patterns in integers have scientific value? Depends on the pattern to an extent and if there are any clear consequences but you'll get varied answers to that question. Some mathematicians and especially scientists such as physicists are snobbish and only regard maths that has a 'real world' application as being useful. It's not clear to me whether this project is finding new prime chain sequences within the known prime numbers or actually trying to determine new, unknown prime numbers using the prime chains as a proof of work. Either way, it has value since it will add new data which will either disprove conjectures or strengthen the likelihood of them being true... plus the analysis of the discovered data could in theory lead to new conjectures (note I know next to nothing about these chains and how much data of them is out there, I'm just writing this reply of the top of my head).

You can also look at this another way. This project could provide a financial incentive for individuals to develop more optimised GPU prime finding algorithms, the theory of which could lead to a greater understanding of prime number distribution e.g. a new sieve or similar construct.

Sunny, can you please clarify whether this project is finding new prime chain sequences within the known prime numbers or actually trying to determine new, unknown prime numbers using the prime chains as a proof of work.

Of course these primes are all 'new'. Finding 'new' primes is not the point, and primes are super-abundant there is no database can store them, it's always trivial to find one not stored in any database.

The point of GIMP is to find the largest known (Mersenne) prime, while the point of primecoin is to find longest chain of reasonable size limit (256 bits to 2000 bits as currently designed). Which one of the two projects is more useful is highly debatable actually. Mersenne has a very long history of study, its infinite existence is not known and they are scarce (only about 50 of them known). While for prime chains, as pointed out by my design paper, these prime chains are connected to the distribution of primes, their infinite existence and distribution is among the top wonders of arithmetic, you know how much mathematician value twin prime conjecture right? At right now I think some mathematicians consider the distribution of these longer chains hopelessly untouchable, and maybe will stay another millenium  Wink  

I am still having difficulty understanding this pow. If your proof of work is done by generating these prime chains, how is this related to your blockchain?
 How am I prevented from producing lots of prime chains in my own time and then using them all at once for a double spend?
 I am sure that you have thought of all this but I can't find enough details in your design papers to satisfy my curiosity. Maybe I'm just not looking hard enough. Can you give me the links to all your technical stuff in case I've missed something.
 It's a really interesting idea - I'm just trying to get a full understanding of exactly what the pow does.
Thanks.
 
 
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
There certainly seems to be some unknown quantity determine which processors produce better results. My i7 8 core laptop does 40-60pps but my i7 8 core desktop does 150 pps. That seems skewed. Then my 4 core amd does about 20. Between them I've found 5 blocks in 16 hours

I might be wrong as I don't what your laptop is but I'd imagine it contains an M version of the i7 processor.
newbie
Activity: 4
Merit: 0
Mining on my aging Core 2 Duo at home and checking occasionally it from work over VNC. ~50 PPS, 16 hours, and only 1 block.
legendary
Activity: 1713
Merit: 1029
I'll put up one Bitcoin in bounty for a CPU-miner (standalone) that will run on both windows and linux and outperform the built-in miner.
hero member
Activity: 728
Merit: 500
cryptoshark
sr. member
Activity: 520
Merit: 253
555
Gentoo ebuild of the daemon here, for the true believers. Modified from bitcoind 0.8.2 ebuild.

https://github.com/teknohog/ebuilds/tree/master/net-p2p/primecoind
hero member
Activity: 770
Merit: 500
yay! After 24 hours of mining, i manage to get 10 blocks worth 200XPM and 4 orphans.

how do you check for orphans?
full member
Activity: 245
Merit: 104
Damn this luck sucks, we need a pool. I just found a block after 16 hours doing ~100PPS.
hero member
Activity: 820
Merit: 1000
There certainly seems to be some unknown quantity determine which processors produce better results. My i7 8 core laptop does 40-60pps but my i7 8 core desktop does 150 pps. That seems skewed. Then my 4 core amd does about 20. Between them I've found 5 blocks in 16 hours
sr. member
Activity: 287
Merit: 250
I've probably averaged 10 primes per sec since the coin started and not a single block.
member
Activity: 229
Merit: 10
Running 3 instances on 3 ordinary office PCs, got around 200 XPM in about 16 hours. My PPS is 128 / 27 / 73 on each PC respectively.
hero member
Activity: 560
Merit: 500
Both my Gulftown 6-cores are giving an average of about 1 payout every 3 hrs. But the dual-Xeons (12 cores) have yet to produce a thing.  Probabilities?
newbie
Activity: 41
Merit: 0
yay! After 24 hours of mining, i manage to get 10 blocks worth 200XPM and 4 orphans.

What cpus are you mining with?

5 blocks from i5 3450, 3 blocks from pentium g2010, 2 blocks from i5 2500.
sr. member
Activity: 448
Merit: 250
8 blocks with 7 threads of my i7-3720QM after ~20hrs.  shrug.
legendary
Activity: 1039
Merit: 1005
Got one block (19.57 XPM) after maybe 3-4 hours of mining. Not too bad for an i3-2100... Let's see if more are on the way...
The use of prime-related problems is definitely a new welcome twist to cryptocurrencies  Smiley

Onkel Paul
newbie
Activity: 56
Merit: 0
Mined for something like 17 hours now. No blocks for my i3. Sad At least my AMD Sempron found one. Smiley 19.82 XPM.
hero member
Activity: 802
Merit: 1003
GCVMMWH
Very cool, though you had me at "Sunny King"  Wink  I will definitely be checking this out...
legendary
Activity: 1470
Merit: 1021
yay! After 24 hours of mining, i manage to get 10 blocks worth 200XPM and 4 orphans.

What cpus are you mining with?
newbie
Activity: 41
Merit: 0
yay! After 24 hours of mining, i manage to get 10 blocks worth 200XPM and 4 orphans.
sr. member
Activity: 321
Merit: 250
Can anyone explain in plain english how the block reward is affected by difficulty, and what that has to do with Moore's Law?

ie, let's say that mining power continues to increase for the next 5 years.   What happens to the block reward?

and what happens if it plateaus and/or declines?

What sort of block reward can we expect to see in a week, month, year, assuming increasing adoption?


And apparently the block reward never stops either, right?  A built-in inflation.....  Seems like that could tend to make bitcoin more valuable over the long-run with its known limited supply.   thoughts?
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