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Messages - Gekko

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31
General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 05:32:30 pm »
What about giving PTS 1.0 holders more of  whatever comes next? Release PTS 2.0, but honor all PTS 1.0 holders in a way every PTS 1.0 holder thinks it would be fair. Those who invested early should get "more" than everybody else who got in late(r). The earlier you get in, the more you invest in an idea. That should be honored. Investing in Apple 1980 got you more than investing in 2010. Investing in PTS november 5th 2013 should give you more than investing in 01/2014 when everybody wants to because the word spread.

32
BitShares PTS / Re: Cloud Mining under Debian / DigitalOcean
« on: December 14, 2013, 04:01:19 pm »
Add "nohup" to your command line.
e.g.:
if you type
miner.sh -option1 -option2
you instead type
nohup miner.sh -option1 -option2

33
BitShares PTS / Re: Question about mining whit ypool.net
« on: December 14, 2013, 06:42:03 am »
It's the difficulty!

34
General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 01:06:54 pm »
Considering what PTS are and that there are only 2 mio PTS ever (whenever), 1.1 already mined... a value of currently just ~$20 each MUST be the result of bad marketing and/or lack of explanation. 1 PTS could be worth 10 BTC right now.
Of course, there are just "promises" backing PTS at the moment... but "believe" is what keeps Bitcoin alive and rising. So I really believe that if the message of PTS is spread and there will be good(!) software following that, PTS will go "to the moon" (speaking in btc-e trollbox terms).

35
BitShares PTS / Re: Anyone else on Ypool experiencing worse mining today?
« on: December 13, 2013, 05:45:47 am »
I can confirm this. The last difficulty change was huge. At current PTS marketprices mining is no longer profitable. (1 PTS on ypool now costs about 30 Euros - for me.)
Maybe it pays out in the long run, when PTS goes to 100 or 1000. But right now it seems like we've reached bitcoin-mining status: buying PTS is more profitable than mining PTS - if you have to pay for mining machines and not just power costs. :'(

36
General Discussion / Re: PTS Thoughts
« on: December 11, 2013, 12:59:53 pm »
Well, I think if we could at least get our operation looking more like mastercoin, we would hit .1 BTC for 1 protoshare. Mastercoin is the master at looking big. They have around 10 sites. We need that too. I have three weeks vacation and would love to work on a project.

By the way... where's


(... and why is his surname underlined? :) )

37
MemoryCoin / Re: Distribution At Block 32000 - MemoryCoin 2.0
« on: December 10, 2013, 03:20:03 pm »
For maximum safety, you should wait until after block 32000, then transfer your balance to a new ProtoShares address. Then use your old private keys to access your MemoryCoin balance.
That seems a litte... cumbersome, at least. I hope such things won't be necessary in future ProtoShare developments!
Isn't that a design fault? Or is it necessary because of how beta ProtoShares (MemoryCoin?) still is? What has my PTS private key to do with anything else than my PTS wallet?

38
MemoryCoin / Re: Distribution At Block 32000 - MemoryCoin 2.0
« on: December 10, 2013, 11:40:28 am »
I see. Quote from the MemoryCoin Manifesto:
Quote
It is based on the Bitcoin code, but with some key differences.
Sorry, but the first things that come to my mind are: dispensable, superfluous, redundant, unnecessary. Just like most of the other altcoins.
On the other hand... just for making first steps with ProtoShares, for playing around, pump and dump... why not.



39
MemoryCoin / Re: Distribution At Block 32000 - MemoryCoin 2.0
« on: December 10, 2013, 10:37:48 am »
What is MemoryCoin (2.0) for?

40
BitShares PTS / Re: Which is the better ROI on 10 PTS: Keyhotee ID or hold?
« on: December 04, 2013, 07:32:41 pm »
You will be able to sell your ID. But nobody can tell you the price.
I think that would be like selling some vanity coin-address you created: the buyer will never know if you really deleted the private key to not be able to abuse it.

Maybe the main reason is indeed fame. You will be in the genesis block of Keyhotee. Once and forever. If "forever" = 2 or 200 years nobody can tell.

41
BitShares PTS / Re: What happens to Protoshares in one month?
« on: December 04, 2013, 06:55:31 pm »
Mining is over when ~ 2mio PTS are mined.
AFAIK.

42
BitShares PTS / Re: Cloud mining Guide Protoshares - for ypool [working]
« on: December 04, 2013, 10:57:56 am »
please do not treat this as an offence or push - agreed?
Of course, no problem!

Quote
1) but definitely not all are using M7g line. Only fraction. Big ops do not bother updating - just fire and forget.
This could (easily?) be changed by making older miners no longer compatible. (I think that happend before - for technical reasons - but could be done on purpose for financial reasons? Just a thought.)

Quote
4) Only very few restart miner often - mostly during initial selection phase - from my stats it is negligible.
How about canceling the 120-second-mining-at-startup idea and creating a function to mine 30 seconds every hour into the devpool? (Which would turn out as a 30-second-startmining plus 30 seconds every following hour for the whole uptime of the miner). Restarts no longer necessary/required.

Quote
5) The outcome is that having 43000 machines connected, they all together contribute 1 mediocre machine for two months. And this perfectly matches the share value earned in practice.
That brings up the question: why did you program the miner in the first place? Because you have too much sparetime and want to help other people make a fortune, or to make a fortune yourself (while having fun programming as it is your hobby)? I guess primarily the latter. If you then decide to open your program to the public you could also choose to sell it - or do as you did and give it away for free / donations. It's good to believe in the good of mankind. But as you see: it mostly doesn't work. So I think the devmining-option built into the client is a good choice. Those who do not like it can choose another mining software.

Quote
P.S. as of you being user of the miner, I would prefer explicit donation, and amount does not matter - fact is important. This is just a sign of respect, no more no less.
Is it also a sign of respect to continue using your miner while "force-paying" for dev-miningtime? Disrespectful would be liking your software but only using it as long as it's completely free. (But if there are good competitors - it would be an option "evil" people could choose!)

I think it's disrespectful to force people to donate, but it is also disrespectful to not grant you some seconds of miningpower when using your software. I think the "30 seconds an hour" would be fair for all. Everybody using it has to pay, the longer they use it, the more they pay. No begging, no stealing. I wouldn't know how much to donate / what would be appropriate. One "Dollar" as a one-time-payment for one year of mining with 100 machines? One Bitcoin per miner per month? - I like the idea of pay-as-long-as-you-use-it.


43
BitShares PTS / Re: Cloud mining Guide Protoshares - for ypool [working]
« on: December 04, 2013, 08:32:00 am »
Try calculating the profits, this is pure nominal amount.
Depends on how many miner installations there are.
10000(00) x 120 seconds on every miner start wouldn't be too bad I think.

Quote
But I am thinking that I shall probably increase this time to make it usable only by those who respect efforts put into it.
That would be ok for me (as a user of your miner) if it stays in "fair" / usable boundaries.

Quote
But anyway at least mentioning the miner developer and call to stay up to date with new versions shall me mandatory, I would say. If there would be a mention of "Thanks yvg1900 for the miner referred to in this guide, follow @yvg1900 on Twitter to stay updated" - that would be perfectly enough.
Completely agree!

Quote
P.S. But it is still funny how people make decisions "enough or not enough" without calculating.
How can you calculate without knowing how many miners are run?
If I run 1 miner you maybe get between 1 and 3 "share found" in 120 seconds.
If I run 100 miners... do the math.

44
BitShares PTS / Re: Cloud mining Guide Protoshares - for ypool [working]
« on: December 04, 2013, 08:05:39 am »
I am wondering why people to not put miner developer donation addresses to their guides...
Not necessary anymore for new miner versions that "pay for themselves" by mining the first 120 seconds for the developers I guess?

45
Keyhotee / Re: Screen Shot
« on: December 04, 2013, 05:51:02 am »
Is there a Keyhotee client for the *nix family in the works, too?
Not knowing the answer I would say: it doesn't make sense otherwise, does it?
I couldn't use Keyhotee if it was Windows/Mac only, which would mean I could not be one of those to get the new proclaimed freedom because I use a free and open operating system. :)

Edit:
Wouldn't using a proprietary operating system like Windows make Keyhotee obsolete, because if the NSA controls the OS they also have control over the installed applications?

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