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Topics - FreeTrade

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76
MemoryCoin / 3 Minute Blocks
« on: December 18, 2013, 08:42:00 pm »
We seem to have 3 minute blocks, rather than 6 minute blocks as planned. The parameters to Kimoto's Gravity Well haven't acted as expected. It might just take some time to adjust, but it seems to sticking to a difficultly level already, coming in at about 3 minutes.

Not sure how I feel about it, there's pros and cons to it. I thought I'd open a discussion about it anyway.

The way I see it, there's three options.
1. Leave it as it is
2. Well signaled fork to get to 6 minutes
3. Wait to see if another issue arises and piggy-back it if so.

77
MemoryCoin / Fork Brought Forward to 607
« on: December 17, 2013, 03:35:43 pm »
MemoryCoin 2.0 has a serious problem with difficultly yo-yo-ing from very easy to very hard. It's better to resolve this problem sooner rather than later, so I'm going to be releasing new code for this problem within 24hrs. As its a new coin and most users will still be heavily engaged, I don't think we'll need a long period of adjustment - maybe 24hrs, so please keep abreast of developments here.

78
MemoryCoin / Pool For MemoryCoin
« on: December 16, 2013, 11:37:43 am »
There's a lot of interest in the MemoryCoin community for a pool miner.

As the code is based on the latest ProtoShares code, infrastructure built for ProtoShares should be easily adaptable to run with MemoryCoin too.

So I want to invite ProtoShares pool owners to consider starting pools for MemoryCoin. Any questions you need answered please post here or PM me.

79
MemoryCoin / Distribution At Block 32000 - MemoryCoin 2.0
« on: December 10, 2013, 06:57:51 am »
I'm proud to announce the first distribution for ProtoShares owners.

ProtoShares owners collectively will receive a 1% stake in the relaunched MemoryCoin - MemoryCoin 2.0.

Balances will be calculated at block 32,000 and the distribution will take place in the genesis block of MemoryCoin 2.0. Coins will be awarded on a 1:10 basis - so if you have 10 ProtoShares, you'll receive 1 MemoryCoin. Fractional amounts will be awarded, but some lower limit may be enforced due to size constraints.

You'll need the private keys for your ProtoShares balance to claim your MemoryCoin distribution. If your balance is held at an exchange, the exchange will hold the private keys and be able to make the claim. However it is uncertain how different exchanges will handle this. To be certain of receiving your full distribution, I recommend holding your full balance off-exchange, and in a single address for simplicy.

MemoryCoin 2.0 will have a similar parameters to ProtoShares, but will have improved difficulty re-targetting, a memory-hard PoW, and voting and payments in the blockchain for 5 office-holders, CEO, CTO, CNO, CMO, CSO and 1 charitable donation, CHA.

80
General Discussion / Pyramid Mining to encourage distribution
« on: November 30, 2013, 03:37:27 pm »
It occurred to me that if there were some way to encourage miners to recruit more miners, we could increase the base of miners and achieve a wider distribution.

As it stands, miners are disincentivized to attract more miners - it just makes mining harder to have new miners.

If we turned that on it's head and were able give miners a downstream - say somewhere between 1% and 10% of the rewards of new miners they attract, it could lead to a pyramid, with a large base.

Possible to implement? I think so. Let's say the address receiving a coinbase transaction (mined reward) requires a signed key and in order for the block to be valid, it must award x% of reward to the key signer.

Miners then will have an incentive to introduce new miners, because they can create a key for them and will then get a % of all of their rewards.

How to generate the first keys? Either have a master key, and create 100 lucky miners at level 1, or maybe any mining address that has received coinbase rewards in excess of X is automatically entitled to sign keys for other miners.

81
BitShares PTS / FreeTrade's Opimized Solo Miner for ProtoShares - 2.9% fee.
« on: November 13, 2013, 01:08:24 pm »
I've just released an optimized solo miner - more info here.

https://bitcointalk.org/index.php?topic=332704.0

82
General Discussion / ProtoShares Market Cap Over $1 Million
« on: November 11, 2013, 07:34:57 am »
By my reckoning,

Current price is .007BTC . . . BTC price about $350 . . . 540,000 PTS mined = 1.3 Million USD Market Cap

83
Make sure to upgrade your client to the latest version before sending or accepting any trades after block 12096.

84
Make sure to upgrade your client to the latest version before sending or accepting any trades after block 12096.

85
BitShares PTS / Collisions Per Minute
« on: November 10, 2013, 10:19:39 am »
I've made some updates to code to count collisions per minute rather than hashes per minute.

Some hashes generate 0 collisions, I've seen others generate up to 8.

Hashes per minute is a good metric to use if you're tweaking the speed of an algorithm.

Collisions per minute is a much better metric to judge your chances of finding a block. It is also much better to use when comparing algorithms which is what most end users of solo and pool miners will want to do.

Here's the code - it's a small adjustment.

https://github.com/InvictusInnovations/ProtoShares/commit/776832f419649211cb7b173ffb437e7d2af68b8b

I've mixed it up with another commit unfortunately - here's the relevant parts

main.cpp

lines

1329
1337
4611 - 4619
4623

main.h
1323

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