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Topic: [YAC]: YaCoin Information Thread - page 2. (Read 20782 times)

sr. member
Activity: 406
Merit: 250
One does not simply mine Bitcoins
May 19, 2013, 02:15:29 PM
#68
If you think YAC is going to rise, better to buy and hold.

...or write your own opencl kernel
hero member
Activity: 840
Merit: 1000
May 19, 2013, 02:12:05 PM
#67
is it still feasible to invest 35$/month in a 12 core vps to mine yac ?

I don't think so. I'm estimating, but the average 12-core setup would probably get you around 3-4 coins per day. Let's say 120 coins a month best case. At current market rates that's 0.06 BTC, which isn't going to pay off that VPS.

If you think YAC is going to rise, better to buy and hold.
member
Activity: 65
Merit: 10
May 19, 2013, 02:09:17 PM
#66
is it still feasible to invest 35$/month in a 12 core vps to mine yac ?
sr. member
Activity: 462
Merit: 250
May 19, 2013, 01:14:22 PM
#65
Added additional pools, added block explorer.
sr. member
Activity: 406
Merit: 250
One does not simply mine Bitcoins
May 19, 2013, 12:50:18 PM
#64
legendary
Activity: 1148
Merit: 1001
May 18, 2013, 06:22:51 AM
#63
Did I miss something or nobody mentions this pool: http://yac.dontmine.me?
hero member
Activity: 756
Merit: 501
member
Activity: 94
Merit: 10
May 18, 2013, 06:06:28 AM
#61
I have to say I ran yac.ltc pool for a day and he did manage to pay me out.


Yeah...
member
Activity: 119
Merit: 10
For the Community! By the Community!
May 17, 2013, 07:56:00 AM
#60
I have to say I ran yac.ltc pool for a day and he did manage to pay me out.

hero member
Activity: 545
Merit: 500
May 14, 2013, 07:42:28 PM
#59
Where can i find Network hashrate for YAcoin?
sr. member
Activity: 462
Merit: 250
May 14, 2013, 06:02:32 AM
#58
OP updated. Added pool http://yac.ltcoin.net

No, no, no, don't do it! Guy behind the pool is a proven scammer!

Yep, I remember his FTC pool that never paid out.

Thanks, I removed this pool. Also added the first p2pool.
hero member
Activity: 840
Merit: 1000
May 13, 2013, 12:21:36 PM
#57
OP updated. Added pool http://yac.ltcoin.net

No, no, no, don't do it! Guy behind the pool is a proven scammer!

Yep, I remember his FTC pool that never paid out.
sr. member
Activity: 462
Merit: 250
May 13, 2013, 11:05:20 AM
#56
OP updated. Added pool http://yac.ltcoin.net
sr. member
Activity: 252
Merit: 250
May 13, 2013, 08:20:35 AM
#55
Yet Another cryptocoin that does not address the main problem of bitcoin: the recentralization via pools.

A lot of effort to discourage GPUs and ASICs, but pools are still an option.

Bad, bad, bad...

And how would you fix that? There is no way to prevent 3rd parties from pointing hashpower to one node and use that node as miner connected to network.

I follow this subforum, with the hope a new cryptocurrency comes with a solution to this matter, which would be IMHO a major break in crytocurrency development. But no chance...

In fact, I have my own ideas on how design a new CC with PoW where parallelization AND pools are severely discouraged. Perhaps in other thread.


Any sort of pool is centralization point. If I connect to P2Pool, my miner depends on data sent by that pool so I don't see where is the "improved decentralization" part of story.

You didn't catch the idea behind p2pool, did you? p2pool is a network of nodes, not a central server to where you call for getwork and send shares.
legendary
Activity: 2576
Merit: 1186
May 13, 2013, 06:50:28 AM
#54
Yet Another cryptocoin that does not address the main problem of bitcoin: the recentralization via pools.

A lot of effort to discourage GPUs and ASICs, but pools are still an option.

Bad, bad, bad...

And how would you fix that? There is no way to prevent 3rd parties from pointing hashpower to one node and use that node as miner connected to network.
Something similar to p2pool (but not exactly) could be integrated to Bitcoin in such a way that it makes centralized pooling infeasable.
sr. member
Activity: 252
Merit: 250
May 13, 2013, 04:35:35 AM
#53
Yet Another cryptocoin that does not address the main problem of bitcoin: the recentralization via pools.

A lot of effort to discourage GPUs and ASICs, but pools are still an option.

Bad, bad, bad...

I don't see any problem with pools,


Pools are ways to recentralize a distributed network. Instead of a lot of independent nodes, you have a few of important nodes, easily attackable.

See what happens in BTC with BTCGuild and later with DeepBit.

especially if it's p2pool.

A significative advance of YAC would have been a reward system that internally acts as p2pool does. If p2pool is only an option among others (these eventually more attractive because of less variance), it is no advance towards avoiding recentralization.
sr. member
Activity: 351
Merit: 250
May 13, 2013, 04:21:15 AM
#52
is there a mining pool that works over port 80?
full member
Activity: 335
Merit: 100
May 13, 2013, 04:06:09 AM
#51
I don't see any problem with pools

in a world without profit and greed I wouldn't see a problem as well...
sr. member
Activity: 406
Merit: 250
One does not simply mine Bitcoins
May 13, 2013, 03:59:24 AM
#50
Yet Another cryptocoin that does not address the main problem of bitcoin: the recentralization via pools.

A lot of effort to discourage GPUs and ASICs, but pools are still an option.

Bad, bad, bad...

I don't see any problem with pools, especially if it's p2pool.
sr. member
Activity: 252
Merit: 250
May 13, 2013, 03:48:28 AM
#49
Yet Another cryptocoin that does not address the main problem of bitcoin: the recentralization via pools.

A lot of effort to discourage GPUs and ASICs, but pools are still an option.

Bad, bad, bad...
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