1697 replies to this topic

[apemanzilla]

minizbot2012, on 16 January 2016 - 05:04 AM, said:

justync7, on 16 January 2016 - 04:54 AM, said:

minizbot2012, on 16 January 2016 - 04:41 AM, said:

One man controlling a majority of the supply only devalues the currency to others.

Not really true, the fact that only Ape has a working GPU miner does not devalue Krist at all. If anything, the demand for Krist should increase as more people want to get their hands on higher quantities. And yes, I know, other people say "I made a GPU miner blah blah blah" but until I see it, you're just making stuff up.

What happens at the point that he controls nearly all of it? Will servers still accept it? The way bitcoin has gone the creator himself has called it a failed experiment because 2 Chinese miners has nearly surpassed 49 percent of the world's hashing power for it.

First of all, the block rewards have dropped to 12. Second, the work value has dropped to 1/10th of its former value. It would actually take several months of constant mining for me to even get close to owning the majority of the Krist - which I don't plan on doing, because power is expensive.

[minizbot2012]

According to this news article, it has approached critical points: http://www.engadget....-quits-bitcoin/
He was the one who popularized it.

[3d6]

minizbot2012, on 16 January 2016 - 05:14 AM, said:

According to this news article, it has approached critical points: http://www.engadget....-quits-bitcoin/
He was the one who popularized it.

Mike Hearn did not create or popularize bitcoin. I know him personally.

[minizbot2012]

Still a prominent voice...

Edit: Google the "Failure of bitcoin"

Edited by minizbot2012, 16 January 2016 - 05:24 AM.

[3d6]

minizbot2012, on 16 January 2016 - 05:17 AM, said:

Still a prominent voice...

And also a conflict of interest. Mike Hearn and Gavin Andresen have been pushing an alternative future that is really controversial. Bitcoin by itself is still successful and in heavy use. The article you linked even says so - a single bitcoin block is worth over $10,000.

[minizbot2012]

But mostly 50%+ of the mining power is the 2 unnamed Chinese. The article also states that critical network failure has been temporarily avoided due to the great firewall

Edited by minizbot2012, 16 January 2016 - 05:29 AM.

[3d6]

minizbot2012, on 16 January 2016 - 05:25 AM, said:

But mostly 50%+ of the mining power is the 2 unnamed Chinese.

They are named AntPool and F2Pool and they are actually huge groups of thousands of people working together in what is called a "mining pool," they work together to solve a block and split the reward amongst themselves fairly

Mining pool technology would actually be pretty interesting to see implemented in krist because then people could share blocks with others who don't have graphics cards to mine with, so they wouldn't be out of luck any more

[minizbot2012]

You have the docs on your profile for mining, correct?
And who knows maybe me and ape can create a socket protocol for pool-mining.
#fasttopicchange and #IHAVEAPLAN

And I used to mine btc in slushs pool BTW.

Edited by minizbot2012, 16 January 2016 - 06:02 AM.

[Creator]

Would it be a good idea to decentralize Krist?

[bauen1]

Im working on a gpuminer at the moment (wich i doubt is gonna make my hash rate better) and a mining pool server wich can be found here:
https://github.com/b...KristMiningPool
Feel free to contribute

Creator, on 16 January 2016 - 10:40 AM, said:

Would it be a good idea to decentralize Krist?

I don't think so because if it would be decentralized then:
One single person owning >50% of the networks power could add a transaction giving them unlimited krist and mine the block with the transaction in it aka. giving them unlimited krist.

Just a question, is every block a miner is trying to solve possible to be solved using the 12 byte nonce?

Edit: Fixed some double posting

Edited by bauen1, 16 January 2016 - 07:24 PM.

[apemanzilla]

bauen1, on 16 January 2016 - 03:26 PM, said:

Atm, im working on
1. a gpu/cpu miner (on my crappy gnu it doesn't even matter)
2. a miner pool software based on nodes https://github.com/b...KristMiningPool

Im trying to finish the miner first and then take on the mining pool.

Im working on a gpuminer at the moment (wich i doubt is gonna make my hash rate better) and a mining pool server wich can be found here:
https://github.com/b...KristMiningPool
Feel free to contribute />

Just a question, is every block a miner is trying to solve possible to be solved using the 12 byte nonce?

Creator, on 16 January 2016 - 10:40 AM, said:

Would it be a good idea to decentralize Krist?

I don't think so because if it would be decentralized then:
One single person owning >50% of the networks power could add a transaction giving them unlimited krist and mine the block with the transaction in it aka. giving them unlimited krist.

Blocks are mined by concatenating your Krist address (10 characters) with the last block (12 characters) and a random nonce (12 characters) and then hashing it all. The nonce can be formed of any valid ASCII characters, for a total of 7.5x10²⁸ possibilities - and that doesn't even consider the fact that the address can be changed as well. The chances of a block being completely unsolvable is extremely unlikely.

Edited by apemanzilla, 16 January 2016 - 07:27 PM.

[Pyuu]

So I've been hearing a lot about a GPU Miner. Is the Krist dev working on one too?

[3d6]

minizbot2012, on 16 January 2016 - 05:25 AM, said:

The article also states that critical network failure has been temporarily avoided due to the great firewall

The whole article is a disaster

minizbot2012, on 16 January 2016 - 05:31 AM, said:

You have the docs on your profile for mining, correct?
And who knows maybe me and ape can create a socket protocol for pool-mining.
#fasttopicchange and #IHAVEAPLAN

And I used to mine btc in slushs pool BTW.

Ape just made a post about how mining works, see that

Mayushii, on 17 January 2016 - 01:32 AM, said:

So I've been hearing a lot about a GPU Miner. Is the Krist dev working on one too?

No, the only miner I made was the original ingame miner

[Luca_S]

apemanzilla, on 16 January 2016 - 07:26 PM, said:

bauen1, on 16 January 2016 - 03:26 PM, said:

-snip-

Blocks are mined by concatenating your Krist address (10 characters) with the last block (12 characters) and a random nonce (12 characters) and then hashing it all. The nonce can be formed of any valid ASCII characters, for a total of 7.5x10²⁸ possibilities - and that doesn't even consider the fact that the address can be changed as well. The chances of a block being completely unsolvable is extremely unlikely.

Does the nonce need to be 12 characters long? I thought it is not important how long the nonce is, as long as the resulting hash from address + last block + nonce is lower than the work

Edited by Luca_S, 17 January 2016 - 05:42 PM.

[Anavrins]

Luca_S, on 17 January 2016 - 04:53 PM, said:

Does the nonce need to be 12 characters long? I thought it is not important how long the nonce is, as long as the resulting hash from address + last block + nonce is lower than the work

As far as I can tell, there's no nonce larger than 12 in data.db.
What might happen is that your miner does find a block with a nonce larger than 12, says "Block solved", but the nodes truncates it to 12 chars, calculates a different hash and doesn't actually awards you the kst.

Edited by Anavrins, 17 January 2016 - 05:16 PM.

[Luca_S]

Anavrins, on 17 January 2016 - 05:15 PM, said:

Luca_S, on 17 January 2016 - 04:53 PM, said:

Does the nonce need to be 12 characters long? I thought it is not important how long the nonce is, as long as the resulting hash from address + last block + nonce is lower than the work

As far as I can tell, there's no nonce larger than 12 in data.db.
What might happen is that your miner does find a block with a nonce larger than 12, says "Block solved", but the nodes truncates it to 12 chars, calculates a different hash and doesn't actually awards you the kst.

So up to 12 characters, but below is also ok? I will check data.db now.
Ok there are nonces below 12 characters.

Edited by Luca_S, 17 January 2016 - 05:50 PM.

[bauen1]

1 MH/s with one C thread on the CPU (thats twice as much as one java thread was able to do)

[apemanzilla]

bauen1, on 18 January 2016 - 08:28 PM, said:

1 MH/s with one C thread on the CPU (thats twice as much as one java thread was able to do)

Good luck mining on a CPU with the work this low

[3d6]

apemanzilla, on 19 January 2016 - 12:56 AM, said:

bauen1, on 18 January 2016 - 08:28 PM, said:

1 MH/s with one C thread on the CPU (thats twice as much as one java thread was able to do)

Good luck mining on a CPU with the work this low

Someone other than you found a block earlier today. It's a miracle

[bauen1]

Btw, are there any know formulas to calculate stuff like time it takes for me to mine a block etc. ?

Edit: what i worked out is

time = 1 / (difficulty / 256^6) / hashes

time = 256^6 / difficulty / hashrate

This gives you the time it should take on average to mine a block

3d6 how is the new work calculated?
Who's the guy k5nduipjsd (the guy mining) ?
Edit: Getting about 9-10 MH/s on my cpu miner, lets get back to messing with OpenCL

Edited by bauen1, 23 January 2016 - 12:59 PM.