bump.

Note that if you try and spend $25 by signing up with my referral link: https://www.digitalocean.com/?refcode=3a96071d7d5f , I'll give you $10 so you get your first $25 to try 40% off!

Hello Everyone,
Recently a thread has been published about mining Protoshares on the cloud - something which can be very profitable to do. Here I have taken the feedback from people in the cloud and have decided to put that all in one thread for you guys. I've also tried to make it a bit simpler for "newbies".

To start, please sign up for DigitalOcean using my referral link: https://www.digitalocean.com/?refcode=3a96071d7d5f If you do, I'll give you some PTS for trying it out:), just post your address in this thread. To get extra, let me know you used my referral code (and if I got the referrals) then I'll give you the $10!

Guide For beeeeer.org
First you need to create a droplet. I recommend starting with as large of a size as possible, though the best started is the 4 CPU / 8 GB - but feel free to start with a smaller one. Just don't use the smallest because when I tried it I got an error for using too much memory. . Make sure to make  Debian 7.0 x64 your image. Once your droplet is created you should see a button in the top right that says root access. Click on that button and use your username and password (that are emailed to you when you create a droplet) to log in.

Once you have logged in type in the following code in order:

sudo apt-get update
sudo apt-get install -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix

git clone https://github.com/thbaumbach/ptsminer
cd ~/ptsminer/src
make -f makefile.unix
./ptsminer <your PTS address> <number of threads>

Go to http://ptsweb.beeeeer.org/user/<your PTS address> to see how many coins your getting!

If this guide helped you to mine some coins please send your tips to PqmyVWJtJgb2qudCiDyQvTMo7ibJfWiuvY

Thanks!

Hello Everyone,
I'm here to release a new cloud mining guide for you guys. These guides are great for getting started with bash programming, mining crypto currencies, and making some money along with all that.

These guides work on Digital Ocean cloud servers. Right now if you sign up and spend $25 with my referral link here: https://www.digitalocean.com/?refcode=3a96071d7d5f I will give you guys $10 back to your paypal - equivalent to a 40% discount! Send me a PM after you spend the $25 to receive your $10 back and I'll tell you how to get proof!

Here is how you start. First you need to sign up for digital ocean. Please make sure to use my referral link: https://www.digitalocean.com/?refcode=3a96071d7d5f If you use my referral link to sign up and spend at least $10, I will send you 0.50 XPM free!

Next you need to create a droplet. I would recommend the 8gb 4 cpu option that costs $80/month but feel free to go higher or lower. Just don't use the $5/month one because I sometimes got errors when trying to run this program there, I don't think it has enough memory for the job, but you can start at the $10/month one! After you have that done, make sure you pick Debian 7.0 x64 as your image. Then hit create.

Soon your username (always root) and password will be emailed with you. Go to your droplet in digital ocean and then hit console access. Type in your username and password [note: your password won't appear as you type it, just type it and hit enter.]

After you do that. Type in the following code, pay attention to spaces!

sudo apt-get update
sudo apt-get install yasm -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix

git clone https://github.com/thbaumbach/primecoin
cd ~/primecoin/src
make -f makefile.unix
./primeminer -poolip=<look below> -poolport=1337 -pooluser=<Enter your payment address here> -poolpassword=<Type the word 'PASSWORD' all caps-beeeeer.org doesn't have actual passwords> -genproclimit=<number of cores your cloud CPU has>

Your pool ip will vary per location. Here are your choices:
EU: 176.34.128.129
US: 54.200.248.75
ASIA: 54.251.179.44

Go to http://beeeeer.org/user/<your XPM address> to see how many coins your getting!

Hello Everyone,
I'm here to release a new cloud mining guide for you guys. These guides are great for getting started with bash programming, mining crypto currencies, and making some money along with all that.

These guides work on Digital Ocean cloud servers. Right now if you sign up and spend $25 with my referral link here: https://www.digitalocean.com/?refcode=3a96071d7d5f I will give you guys $10 back to your paypal - equivalent to a 40% discount! Send me a PM after you spend the $25 to receive your $10 back and I'll tell you how to get proof!

Create Droplet  - choose Ubuntu 13.10 x64
it is  recommended to create one with 4 or 8 VCPUs, they usually give most speed/hashes.
login via ssh (use putty) with your vps login details
Download Putty from the website, the login details will be emailed to you, you just have to enter IP, username is always root and copy and paste the password from the email and you’re in.
execute the following commands (copy and paste) right-click in putty too paste:
sudo apt-get update
sudo apt-get install -y build-essential m4 libssl-dev libdb++-dev libboost-all-dev libminiupnpc-dev git automake libcurl4-openssl-dev
git clone https://github.com/ig0tik3d/darkcoin-cpuminer-1.2c.git
cd darkcoin-cpuminer-1.2c
chmod a+x autogen.sh
./autogen.sh
./configure
make
apt-get install screen
screen
./minerd -a X11 -o stratum+tcp://scorp.hopto.org:7903 -u wallet address -p x
To see the status of your miner go here http://scorp.hopto.org:7903/static/ and look after your wallet address on Local Workers
When you mine on p2pool like this one http://scorp.hopto.org:7903/static/ you can set manual difficulty
Difficulty
If you wish to manually control your pseudo-share difficulty outside of the range provided by the dynamic system you can do the following:
Darkcoin Address+0.00000116 x Hash Rate in KHash

For example for my R9 270x I use:
Code:
200 x 0.00000116 = 0.000232
VoeuxrG38U7YC8XHzCqa36gQf54SDJ7i3Y+0.000232

The following are suggested targets for various hash rates if you want to grab one quickly:


KHash/s Difficulty
50 +0.00005821
100 +0.00011641
250 +0.00029103
500 +0.00058207
750 +0.00087310
1000 +0.00116414
 Please note
• P2Pool payments can take up to 24 hours to ramp up after you start mining, please wait this long before seeking assistance
• Payouts require that you solve at least one share of difficulty greater than the P2Pool share target per day.
• Decreasing intensity can help your stale rates massively, and will improve your payouts in most cases.
• You will notice an increased stale rate in your miner compared to a traditional pool, this is normal and expected behaviour for P2Pool (~5-10%)
If you mining on mpos pool:
Change the pool address too the pool you are using, if you are using an mpos pool, please create an account and make a worker in the ‘My Workers’ menu and change the command accordingly.
./minerd -a X11 -o stratum+tcp://pool address:port -u worker username -p worker password
Once the miner is running, it should look something like this :

use CTRL A D to get out of the screen session.
Make sure you do this as your miner will be closed when you exit Putty!
You can now close Putty after the screen session was returned too the beginning root terminal.
When logging back again use “screen -r” to restore session and view progress.
Useful commands that might come in handy :
ls : lists the files/folders in an directory
cd : change directory



Thanks for reading this guys!

Quote

I would definitely consider it, however, something like that would not be limited to AGS shareholders. I am considering increasing the premined coins to 1% or 10,000,000 of which 4,000,000 would go to investors 3,000,000 developers and the other 3,000,000 could have some of it go to AGS shareholders.

Does this mean that the investors will get 1BTC = 400,000 coins instead of 200,000?

Just a thought...:

I understand that developers need to raise money for the development but in order to avoid the usual "premine" accusation and scam you could do 7 mil for the IPO, 0 devs, and 3 mil for donated to other communities.

You can split your IPO in 10 days for 700,000 coins distributed proportionally to the daily donations (like AGS does it). Let the investors compete for 10 days and you give the advantage for the investors that believe in you to get cheaper shares in advance. Also since you believe in your coin you will also have an incentive to participate in your IPO as well. If the market believes in your project you will end up with more than 10 BTCs from the initial investors in 10 days, you will not have to deal with any "premine" accusations.

I decided I'm going to go with a 5,000,000 coin premine of which 2,000,000 or 2,250,000 will be for investors at a rate of 200k/BTC or 150k/BTC - haven't decided. No coins will specifically target AGS shareholders on an honoring system (i.e. 1 AGS = 1 coin unless Invictus wants to setup a marketing deal with me) - however, I will do several major giveaways on this forum to anyone who posts an address. I could do an IPO but it seems riskier the way you said to get guaranteed 10 BTC.

That is all for now - thank you for your suggestions.

Would you consider out of the 5 mil premined coins donate a percentage to the AGS shareholders and in return get their advice with marketing, development and attract some shareholders that most likely will not dump their free coins but will most probably work with you for the success of your coin?

A small percentage of the total coins doesn't sound a bad deal in return for a valuable collaboration with a community that will make a serious difference soon...think about it..

I would definitely consider it, however, something like that would not be limited to AGS shareholders. I am considering increasing the premined coins to 1% or 10,000,000 of which 4,000,000 would go to investors 3,000,000 developers and the other 3,000,000 could have some of it go to AGS shareholders.

Hello Everyone,
This thread will be the official pre announcement thread of QuantaCoin and also the preannouncement for  the IPO which will start in 2 weeks, on June 15, 2014. The reason for the pre-announcement of the IPO is it is a relatively small and as a result this will be to try and minimize the number of people who do not get in because they did not know about it - a complaint I have heard with many other recent IPOs.


Coin Specifications
There will be a total of 1,000,000,000 (1 billion coins). Of these coins a total of 5,000,000 (0.5%) will be premined and used to cover all of the costs for promoting and marketing the coin as well as paying the investors who invest during this IPO. While I know many people here don't like premines I do not have the money to personally cover all these costs myself and it needs to be raised somehow.


The coin will have a 1 minute block time, with each normal block containing a total of 10 coins. In addition to this, there will be two super blocks one at noon and one and midnight. One of these blocks will be split across the people who do folding at home and the other for people who do Boinc. Each of these 'super blocks' will contain 28,800 coins. You will receive these coins as a percentage of the total work you do for a given day compared to the teams total work.

Formula for superblock payout. (points earned) / (total teams points for day) * 28,800

 None of the coins from the super blocks will go the mining portion of the coin..That means in total 72,000 coins will be released on a daily basis.


The mining of the coin will be a new algorithm that comes from a combination of three existing algorithms. The way it will work is 20% of all mining will be using the X11 algorithm to help secure the network and do transactions. 40% of all mining will be using Folding at Home to fold proteins and 40% of the mining will be for BOINC. Everyone's GPU will be doing all three things at the appropriate percentages. The pool(s) will give the coins for the X11 work with each block and then the Folding and BOINC coins will be paid when the superblocks come out.


Interest / Proof of Stake System
The coin will have a system that pays you an interest of 2.5% on your existing balance for all coins over 30 days old. Your payment will be calculated in with each block which means that you will receive a little bit of interest each block. There will be no transaction fees on the interest that you receive with each block.


Anonymity
These days, remaining anonymous is a goal for many people with digital currency. This coin will have a fully featured anonymity option built in to the wallet similar to Dark Send. The denomination for sending the coins with the anonymity feature will be in groups of 1000 coins. People will denominate how they want their coins to be spent and the 5 people’s groups of 1000 coins that they send will be received and then split accordingly. However, no one will know if the payment to person 5 came from the 1000 coins of person A or the 1000 coins of person D. Once you send this coin, the server will wait until 5 people have sent this many coins using the anonymity feature before sending out all the coins. More details will be released about this later.

The way this when you send coins from the wallet there will be a box you can check to say if you want to have the anonymity feature enabled or not. If you choose to say yes then it will check the amount of coins that you are sending. If the amount of coins you are sending is equal to 1000 then it will send the coins for you to an intermediate party which will split this up accordingly. How it works will be similar to Dark Send. The fees for sending coins this way will double.

The coin will also come with an fully encrypted messaging system where you can send messages from one wallet address to another. That way in some sense your wallet address become emails. This feature could also be useful for attaching messages when you send coins.

Multiple Addresses
The coin will also come with a multiple addresses feature. What this is is if you want to giveaway say 10 coins to 20 different people rather than making 20 separate transactions there will be an option to copy and paste all the addresses, separating them with a comma and send them all out as one transaction box in the wallet.

Why Merge all the mining?
As I'm sure some of you have noticed some recently released science currencies allow you to choose to either do folding/boinc or to choose to do mining. Some of you may be wondering why I chose to merge them. The reason for this is because if you split your coins say 25% mining and 75% science and you can choose to do either, this makes the mining difficulty lower since some people that could be doing mining are doing science instead. This makes it much more efficient for splitting up the work load and keeps the network hashrate from being very low opening it up to a 51% attack. It also offers advantages in Asic Resitance.

Why Boinc & Folding at Home
Boinc and folding & home both offer some very unique projects. By offering both on top of keeping either one from being overwhelmed by receiving 80% of the hashing power, it also gives you the opportunity to instead of putting 80% of the hashing into protein folding you could put 40% into folding and 40% into searching for extraterrestrial life with seti@home or any one of the 10s of projects offered.

Asic Resistance
Another great feature the mining of the coin this way is Asic Resistance. What that means is let's say in 2 years Asics come out for X11. Those Asics will not work on this coin even though X11 is the algorithm used to secure the block chain. Instead a Asic would need to be made specifically for this coin and it would offer a much worse advantage over normal GPU mining because it would have to be designed to do protein folding, boinc projects (such as weather simulations) and work on the X11 algorithm


The IPO!
As already said the IPO will begin on a separate thread on June 15, 2014. In this IPO we are looking to raise a total of 10 Bitcoins (assuming the price of Bitcoins stays between $500 and $750). In exchange for each Bitcoin you donate, you will receive a total of 200,000 coins - that is a total of 2,000,000 coins will be released. The minimum donation amount will be 0.05 Bitcoins - enough to allow many people to donate but not so low as to make it so that their are too many donors to keep track of.

How much each forum user donates and your forum username will be kept in a spreadsheet. Upon donating you will also receive my private email to contact me. More donation instructions will be released with the IPO thread. All donor coins will be paid out within 2 weeks of the coin’s release. To help me give an idea and manage things better if you are interested in donating right now, please PM me (not required.)

What will the 10 Bitcoins go to?
The 10 Bitcoins will be used to get the following.

-Logo
-Official Website
-Developer's Blog
-Forum & Theme
-Reaching out to Boinc & Folding for possible partnerships
-White Paper
-Social media accounts
-Testing
-Extra
-Fully functioning pool with closed testing with another currency.
-Wallet Development
-Design
-Expanding DEV team.

What will the coin have upon release?
-Fully functional pool.
-Handwritten guides.
-Explanational and promotional videos.
-Actively maintained social media accounts.
-Standby for help setting up.
-Fully functioning & tested wallet for Linux, Windows, and Mac.
-Wallet for Android
-Anonymity features build in.
-Choice of what research to support.
-Gambling websites.
-Faucet.
-Marketplace website.
-Foundation similar to Bitcoin foundation.
-Exchange for trading to Bitcoin and one soon after for trading to USD.



That’s all. Leave any comments / questions in the area below and I will do my best to answer them. Let's make this coin the next big thing!