Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 95. (Read 688812 times)
July 15, 2013, 04:45:02 AM
how to mine this coin? i just downloaded the wallet and then execute "setgenerate true -1" and get a primespersec of 3500 on my i5 cpu am i doing it correctly? my cpu usage is 100% 6hours of waiting and get nothing, is that normal? its looks like am fishing here leave it like that and visit once in a while and see if i caught some fish
July 15, 2013, 04:17:55 AM
Well, if you want a reason, it has a much better reason than every other coin out there, apart from bitcoin, litecoin, namecoin, and ppcoin. No other coin has a socially beneficial output as a byproduct. That's something new and innovative, that can cause people to adopt it.
Not quite true, there's also Freicoin [FRC] which would have a socially beneficial output...
. But I fully aknowledge your posting... 
July 15, 2013, 04:16:51 AM
actually I have been finding more blocks more quickly....
also what happens if you sent XPM from a wallet where some are not mature
also what happens if you sent XPM from a wallet where some are not mature
Pretty sure you can't send an "immature" coin.
July 15, 2013, 04:14:27 AM
Some person(s) gpu mining this i think. Besides the block reward keeps decreasing while difficulty rapidly rises. Mining's getting less and less profitable.
With no reason to buy this coin, the coin is dead. The primes aren't worth much.
Well, if you want a reason, it has a much better reason than every other coin out there, apart from bitcoin, litecoin, namecoin, and ppcoin. No other coin has a socially beneficial output as a byproduct. That's something new and innovative, that can cause people to adopt it.
It could be seen as "helpful" rather than "wasteful" like SHA is.
July 15, 2013, 04:02:16 AM
actually I have been finding more blocks more quickly....
also what happens if you sent XPM from a wallet where some are not mature
also what happens if you sent XPM from a wallet where some are not mature
July 15, 2013, 03:27:24 AM
Some person(s) gpu mining this i think. Besides the block reward keeps decreasing while difficulty rapidly rises. Mining's getting less and less profitable.
With no reason to buy this coin, the coin is dead. The primes aren't worth much.
July 15, 2013, 03:21:38 AM
...given that people want to have some coins
Why would they want that?Just in case you asked this question not sarcastically
I don't know? Why do people want to have gold?
The only things you _really_ need are air to breathe, something to drink and something to eat.
All other things are just wanted beause they make life more comfortable, interesting, enduring, more fun, whatever.
Some people play raffle, others gather cryto coins; some people participate in seti@home or folding@home, others might join primecoin
So some might want primecoins just because they want the coins, others might want to find cunningham chains and the primecoins are a kind of fall-out for them...
Bitcoins have value because you can buy stuff with them and they now have a track record of enabling both on and off the record 'fiscal' transactions.
Finding cunningham chains for fun while generating primecoins as a by product does not produce a *demand* to purchase coins- which is what is required to drive price - but merely increases *supply*.
What the prime aspect does is make Primecoin marginally more interesting to mine than other altcoins, which could translate to more mining power and in turn a more secure network, which could then increase the value of the coin.
July 15, 2013, 02:25:36 AM
Some person(s) gpu mining this i think. Besides the block reward keeps decreasing while difficulty rapidly rises. Mining's getting less and less profitable.
July 15, 2013, 02:22:36 AM
Same thing happen to me today 7 min apart on same machine and waited quite a long time before that.
July 15, 2013, 01:31:57 AM
July 15, 2013, 12:34:59 AM
I just counted 10 blocksin the informaiton panel of the q1. It takes on average 14sec per block now. Getting better. The lower price of XPM is good for something.
So drop in overall network rate would result in?
Some sanity I guess. I for one don't think 4sec/block is something good for the network.
I think the increase of block time is a result of leaving of the cloud-mining players who were in just for the profit. I am happy that they leave and the average crowd can have more fun.
July 15, 2013, 12:30:47 AM
I don't know if it's the difficulty sky-rocketing already, luck or something wrong with my config.
But in 2 quad core pc's mined about 200 coins in the first 48 hours, and then I have not found a single block in the last 4 days. A q6600 and a i3. Does this seem possible? Seems to be running okay but seems incredibly unlikely...
Same here with Q6600 - 1 day mined 31 coins, than 2 days nothing. But in 2 quad core pc's mined about 200 coins in the first 48 hours, and then I have not found a single block in the last 4 days. A q6600 and a i3. Does this seem possible? Seems to be running okay but seems incredibly unlikely...
July 15, 2013, 12:20:01 AM
I just counted 10 blocksin the informaiton panel of the q1. It takes on average 14sec per block now. Getting better. The lower price of XPM is good for something.
So drop in overall network rate would result in?
rise back in reward amounts?
drop in difficulty?
July 15, 2013, 12:18:30 AM
I just counted 10 blocks in the information panel of the qt. It takes on average 14sec per block now. Getting better. The lower price of XPM is good for something.
July 14, 2013, 11:58:57 PM
people gave to make two conversions to buy a 69 cent track?
take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins... you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins!
I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!
take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins... you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins!
I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!When someone PMs me, I'll calculate the price, generate a new address, and respond "send exactly ___ XPM to A____________", and I'm fine with people sending PMs and changing their minds just to see the price.
Also, if you don't know if you'll like it, the songs are up in full length HD on YouTube, so you can know exactly what you're buying before you buy it.
July 14, 2013, 11:41:23 PM
people gave to make two conversions to buy a 69 cent track?
take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins... you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins! I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist!
take a gamble, just price each in primecoin and bitcoin.... 0.01 btc or whatever that translates to in prime coins... you have no costs that need to be denominated in dollars, make it easy for us to send you our bitcoins or prime coins!
I'm definetly not opening an excel workbook to figure out XPM to BTC to BTC to USD just to buy a song i don't know if i'd like... but i'll send a token amount of BTC or XPM in order to support the economy and an artist! July 14, 2013, 11:35:10 PM
With the lack of things to buy with XPM, I've made my deep dubstep EP available for discounted purchase in Primecoin: http://www.reddit.com/r/realdubstep/comments/1bvv3l/octix_obscure/c9e7ljs
July 14, 2013, 11:12:55 PM
July 14, 2013, 11:11:55 PM
Why generation of block's is so fast? They must be generated every ~60 sec, but now they are generated each 3-10 sec.
This is a good explanation: https://bitcointalksearch.org/topic/m.2726442
It looks like the run to the primecoin network has just started and the network needs some time to adjust.
July 14, 2013, 11:07:22 PM
Why generation of block's is so fast? They must be generated every ~60 sec, but now they are generated each 3-10 sec.
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