Bitcoin Mining Pool Setup - Mine bitcoins at mind-crushing ...

Litecoin mining!

Since the litecoin community is growing, I've decided to introduce /litecoinmining, a place for all discussion revolving mining litecoins!
[link]

Aeon

Aeon (AEON) is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers.
[link]

QuarkCoin Cryptocurrency

Quark is a decentralized digital monetary system. It facilitates sending Quarks to Friends, Family Members Online Payments free of charges and charge-backs. Military Grade Encryption. No Bank or Government Control. Quark coins are based on the original idea of Bitcoin but improved, more secure, faster transaction times and zero fees. With improvements to design and security. There is also a greater coin supply with higher block rewards for miners. Quark is fully Open Source.
[link]

Groestlcoin 6th Anniversary Release

Introduction

Dear Groestlers, it goes without saying that 2020 has been a difficult time for millions of people worldwide. The groestlcoin team would like to take this opportunity to wish everyone our best to everyone coping with the direct and indirect effects of COVID-19. Let it bring out the best in us all and show that collectively, we can conquer anything.
The centralised banks and our national governments are facing unprecedented times with interest rates worldwide dropping to record lows in places. Rest assured that this can only strengthen the fundamentals of all decentralised cryptocurrencies and the vision that was seeded with Satoshi's Bitcoin whitepaper over 10 years ago. Despite everything that has been thrown at us this year, the show must go on and the team will still progress and advance to continue the momentum that we have developed over the past 6 years.
In addition to this, we'd like to remind you all that this is Groestlcoin's 6th Birthday release! In terms of price there have been some crazy highs and lows over the years (with highs of around $2.60 and lows of $0.000077!), but in terms of value– Groestlcoin just keeps getting more valuable! In these uncertain times, one thing remains clear – Groestlcoin will keep going and keep innovating regardless. On with what has been worked on and completed over the past few months.

UPDATED - Groestlcoin Core 2.18.2

This is a major release of Groestlcoin Core with many protocol level improvements and code optimizations, featuring the technical equivalent of Bitcoin v0.18.2 but with Groestlcoin-specific patches. On a general level, most of what is new is a new 'Groestlcoin-wallet' tool which is now distributed alongside Groestlcoin Core's other executables.
NOTE: The 'Account' API has been removed from this version which was typically used in some tip bots. Please ensure you check the release notes from 2.17.2 for details on replacing this functionality.

How to Upgrade?

Windows
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer.
OSX
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), run the dmg and drag Groestlcoin Core to Applications.
Ubuntu
http://groestlcoin.org/forum/index.php?topic=441.0

Other Linux

http://groestlcoin.org/forum/index.php?topic=97.0

Download

Download the Windows Installer (64 bit) here
Download the Windows Installer (32 bit) here
Download the Windows binaries (64 bit) here
Download the Windows binaries (32 bit) here
Download the OSX Installer here
Download the OSX binaries here
Download the Linux binaries (64 bit) here
Download the Linux binaries (32 bit) here
Download the ARM Linux binaries (64 bit) here
Download the ARM Linux binaries (32 bit) here

Source

ALL NEW - Groestlcoin Moonshine iOS/Android Wallet

Built with React Native, Moonshine utilizes Electrum-GRS's JSON-RPC methods to interact with the Groestlcoin network.
GRS Moonshine's intended use is as a hot wallet. Meaning, your keys are only as safe as the device you install this wallet on. As with any hot wallet, please ensure that you keep only a small, responsible amount of Groestlcoin on it at any given time.

Features

Download

iOS
Android

Source

ALL NEW! – HODL GRS Android Wallet

HODL GRS connects directly to the Groestlcoin network using SPV mode and doesn't rely on servers that can be hacked or disabled.
HODL GRS utilizes AES hardware encryption, app sandboxing, and the latest security features to protect users from malware, browser security holes, and even physical theft. Private keys are stored only in the secure enclave of the user's phone, inaccessible to anyone other than the user.
Simplicity and ease-of-use is the core design principle of HODL GRS. A simple recovery phrase (which we call a Backup Recovery Key) is all that is needed to restore the user's wallet if they ever lose or replace their device. HODL GRS is deterministic, which means the user's balance and transaction history can be recovered just from the backup recovery key.

Features

Download

Main Release (Main Net)
Testnet Release

Source

ALL NEW! – GroestlcoinSeed Savior

Groestlcoin Seed Savior is a tool for recovering BIP39 seed phrases.
This tool is meant to help users with recovering a slightly incorrect Groestlcoin mnemonic phrase (AKA backup or seed). You can enter an existing BIP39 mnemonic and get derived addresses in various formats.
To find out if one of the suggested addresses is the right one, you can click on the suggested address to check the address' transaction history on a block explorer.

Features

Live Version (Not Recommended)

https://www.groestlcoin.org/recovery/

Download

https://github.com/Groestlcoin/mnemonic-recovery/archive/master.zip

Source

ALL NEW! – Vanity Search Vanity Address Generator

NOTE: NVidia GPU or any CPU only. AMD graphics cards will not work with this address generator.
VanitySearch is a command-line Segwit-capable vanity Groestlcoin address generator. Add unique flair when you tell people to send Groestlcoin. Alternatively, VanitySearch can be used to generate random addresses offline.
If you're tired of the random, cryptic addresses generated by regular groestlcoin clients, then VanitySearch is the right choice for you to create a more personalized address.
VanitySearch is a groestlcoin address prefix finder. If you want to generate safe private keys, use the -s option to enter your passphrase which will be used for generating a base key as for BIP38 standard (VanitySearch.exe -s "My PassPhrase" FXPref). You can also use VanitySearch.exe -ps "My PassPhrase" which will add a crypto secure seed to your passphrase.
VanitySearch may not compute a good grid size for your GPU, so try different values using -g option in order to get the best performances. If you want to use GPUs and CPUs together, you may have best performances by keeping one CPU core for handling GPU(s)/CPU exchanges (use -t option to set the number of CPU threads).

Features

Usage

https://github.com/Groestlcoin/VanitySearch#usage

Download

Source

ALL NEW! – Groestlcoin EasyVanity 2020

Groestlcoin EasyVanity 2020 is a windows app built from the ground-up and makes it easier than ever before to create your very own bespoke bech32 address(es) when whilst not connected to the internet.
If you're tired of the random, cryptic bech32 addresses generated by regular Groestlcoin clients, then Groestlcoin EasyVanity2020 is the right choice for you to create a more personalised bech32 address. This 2020 version uses the new VanitySearch to generate not only legacy addresses (F prefix) but also Bech32 addresses (grs1 prefix).

Features

Download

Source

Remastered! – Groestlcoin WPF Desktop Wallet (v2.19.0.18)

Groestlcoin WPF is an alternative full node client with optional lightweight 'thin-client' mode based on WPF. Windows Presentation Foundation (WPF) is one of Microsoft's latest approaches to a GUI framework, used with the .NET framework. Its main advantages over the original Groestlcoin client include support for exporting blockchain.dat and including a lite wallet mode.
This wallet was previously deprecated but has been brought back to life with modern standards.

Features

Remastered Improvements

Download

Source

ALL NEW! – BIP39 Key Tool

Groestlcoin BIP39 Key Tool is a GUI interface for generating Groestlcoin public and private keys. It is a standalone tool which can be used offline.

Features

Download

Windows
Linux :
 pip3 install -r requirements.txt python3 bip39\_gui.py 

Source

ALL NEW! – Electrum Personal Server

Groestlcoin Electrum Personal Server aims to make using Electrum Groestlcoin wallet more secure and more private. It makes it easy to connect your Electrum-GRS wallet to your own full node.
It is an implementation of the Electrum-grs server protocol which fulfils the specific need of using the Electrum-grs wallet backed by a full node, but without the heavyweight server backend, for a single user. It allows the user to benefit from all Groestlcoin Core's resource-saving features like pruning, blocks only and disabled txindex. All Electrum-GRS's feature-richness like hardware wallet integration, multi-signature wallets, offline signing, seed recovery phrases, coin control and so on can still be used, but connected only to the user's own full node.
Full node wallets are important in Groestlcoin because they are a big part of what makes the system be trust-less. No longer do people have to trust a financial institution like a bank or PayPal, they can run software on their own computers. If Groestlcoin is digital gold, then a full node wallet is your own personal goldsmith who checks for you that received payments are genuine.
Full node wallets are also important for privacy. Using Electrum-GRS under default configuration requires it to send (hashes of) all your Groestlcoin addresses to some server. That server can then easily spy on your transactions. Full node wallets like Groestlcoin Electrum Personal Server would download the entire blockchain and scan it for the user's own addresses, and therefore don't reveal to anyone else which Groestlcoin addresses they are interested in.
Groestlcoin Electrum Personal Server can also broadcast transactions through Tor which improves privacy by resisting traffic analysis for broadcasted transactions which can link the IP address of the user to the transaction. If enabled this would happen transparently whenever the user simply clicks "Send" on a transaction in Electrum-grs wallet.
Note: Currently Groestlcoin Electrum Personal Server can only accept one connection at a time.

Features

Download

Windows
Linux / OSX (Instructions)

Source

UPDATED – Android Wallet 7.38.1 - Main Net + Test Net

The app allows you to send and receive Groestlcoin on your device using QR codes and URI links.
When using this app, please back up your wallet and email them to yourself! This will save your wallet in a password protected file. Then your coins can be retrieved even if you lose your phone.

Changes

Download

Main Net
Main Net (FDroid)
Test Net

Source

UPDATED – Groestlcoin Sentinel 3.5.06 (Android)

Groestlcoin Sentinel is a great solution for anyone who wants the convenience and utility of a hot wallet for receiving payments directly into their cold storage (or hardware wallets).
Sentinel accepts XPUB's, YPUB'S, ZPUB's and individual Groestlcoin address. Once added you will be able to view balances, view transactions, and (in the case of XPUB's, YPUB's and ZPUB's) deterministically generate addresses for that wallet.
Groestlcoin Sentinel is a fork of Groestlcoin Samourai Wallet with all spending and transaction building code removed.

Changes

Download

Source

UPDATED – P2Pool Test Net

Changes

Download

Pre-Hosted Testnet P2Pool is available via http://testp2pool.groestlcoin.org:21330/static/

Source

submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own VTC node and supporting VTC network! We now have 1394 Full Nodes, more than Litecoin

You guys are amazing! :) Thank you for running your own full VTC node and supporting VTC network! We now have 1394 Full Nodes :)
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Why Vertcoin? Learn about why ASIC Resistance matters! https://www.youtube.com/watch?v=UHXqfZWjuHI
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 811 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 811 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Why Vertcoin? Learn about why ASIC Resistance matters! https://www.youtube.com/watch?v=UHXqfZWjuHI
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Vertnode - An automated solution for installing Vertcoin node(s) on Single Board Computers

Hello Vertcoin Community,
Eager to contribute to the Vertcoin Community I began creating step by step walkthrough guides on how to get a Vertcoin node up and running on a Raspberry Pi, Raspberry Pi Zero and Intel NUC. Along with information to get a Vertcoin node up and running was also optional steps to install p2pool-vtc.
I decided that while this step by step guide might be helpful to a few, a setup script may prove to be useful to a wider range of people. I have this script to a point where I think it may be productive to share with a bigger audience, for those who are brave and have this hardware sitting around or like to tinker with projects; I invite you to test this setup script if you are interested, if you run into errors any sort of verbose console output of the error proves to be extremely helpful in troubleshooting.
The script was designed to produce a “headless” server... meaning we will not be using a GUI to configure Vertcoin or check to see how things are running. In fact, once the server is set up, you will only interact with it using command line calls over SSH. The idea is to have this full node be simple, low-power, with optimized memory usage and something that “just runs” in your basement, closet, etc.
Why run a headless node on a Single Board Computer?
The idea is to have this full node be simple, low-power, with optimized memory usage and something that “just runs” in your basement, closet, etc.
Required: USB Flash Drive 6GB - 32GB
Please note that the script was designed for Single Board Computers first and looks for an accessible USB Flash Drive to use for storing the blockchain and swap file, as constant writing to a microSD can degrade the health of the microSD.
Supports

Hardware

All of the hardware listed above is hardware that I have personally tested / am testing on myself. The plan is to continue expanding my arsenal of single board computers and continue to add support for more hardware to ensure as much compatibility as possible.
Functionality
It is worth noting that LIT can be ran with multiple configurations, the ones displayed in the Post Installation Report reflect values that run LIT with the Vertcoin Mainnet. Please be aware that the Vertcoin Testnet chain has not been mined 100% of the time in the past, if you make transactions on the Vertcoin testnet that do not go through it is likely because the chain has stopped being mined.
BE CAREFUL WITH YOUR COINS, ONLY TEST WITH WHAT YOU ARE OKAY WITH LOSING IF YOU USE THE MAINNET.

Vertcoin Testnet Coins

https://tvtc.blkidx.org/faucet/
I've included some documentation on LIT I created which includes information I found to be useful: https://github.com/e-corp-sam-sepiol/vertnode/blob/mastedocs/lit.md
Please visit the mit-dci/lit github repository for the most up to date information on lit: https://github.com/mit-dci/lit

Vertnode | Automated Vertcoin Node Installation Script

https://github.com/e-corp-sam-sepiol/vertnode

Recommended: Use Etcher to install the chosen OS to your microSD card / USB flash drive.

If you intend on installing Ubuntu Server 16.04 to your Intel NUC please use Etcher to install the .iso to your USB flash drive.
https://etcher.io/
PLEASE NOTE THIS SCRIPT MAY GIVE AN ERROR. THIS IS THE NATURE OF TESTING. PLEASE REPORT YOUR ERRORS IF YOU WANT THEM TO BE FIXED/RESOLVED. THANK YOU FOR BETTERING THE DEVELOPMENT OF THIS SCRIPT.

Ubuntu Server 16.04 Setup Details

You can use different clients to ssh into your node. One option is using PuTTY or Git Bash on Windows which is included in the desktop version of Git. If you are using Linux you can simply open a new terminal window and ssh to the IP address of your node (hardware you intend installing the Vertcoin node on).
You will need to know the IP address of your node, this can be found on your router page.
ssh 192.168.1.5 -l pi For example, this command uses ssh to login to 192.168.1.5 using the -l login name of pi. The IP address of your node will likely be different for you, in this example I am logging into a Raspberry Pi which has a default login name of pi.
A brief list of commands that can be used to check on the Vertcoin node status:
vertcoin-cli getblockchaininfo | Grab information about your blockchain
vertcoin-cli getblockcount | Grab the current count of blocks on your node
vertcoin-cli getconnectioncount | Grab the current count of connections to your node. A number of connections larger than 8 means that you have incoming connections to your node. The default settings are to make 8 outgoing connections. If you want incoming connections please port forward your Raspberry Pi in your Router settings page.
vertcoin-cli getpeerinfo | Grab the information about the peers you have connected to / are connected to
vertcoin-cli getnettotals | Grab network data, how much downloaded/upload displayed in bytes
tail -f ~/.vertcoin/debug.log | Output the latest lines in the Vertcoin debug.log to see verbose information about the Vertcoin daemon (ctrl+c to stop)
Thank you to all who have helped me and inspired me thus far, @b17z, @jamesl22, @vertcoinmarketingteam, @canen, @flakfired, @etang600, @BDF, @tucker178, @Xer0
This work is dedicated to the users of Vertcoin, thank you for making this possible.
7/20/2018 Thank you @CommodoreAmiga for the incredibly generous tip <3
You can reach me @Sam Sepiol#3396 on the Vertcoin Discord, here on reddit or @ [email protected]
submitted by ecorp-sam-sepiol to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Q: Vertnode - An automated solution for installing Vertcoin node(s) on Single Board Computers A: https://www.reddit.com/vertcoin/comments/901e6a/vertnode_an_automated_solution_for_installing/
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 500+ Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 500+ Full Nodes running.
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 867 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 867 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 900 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 900 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Frequently Asked Questions

NOTICE

This post is a temporary resting place for FAQs while we wait for the release of VertDocs.

What is Vertcoin?

Vertcoin is a digital peer to peer currency focused on decentralization and ASIC resistance. Vertcoin is aiming to be easily accessible to the everyday user without extensive technical knowledge. Vertcoin has started to lower the barrier of entry with lots of video guides and the development of the One Click Miner (OCM).

Why does ASIC Resistance Matter?

ASICs (Application Specific Integrated Circuits) are dedicated mining devices that can only mine one algorithm. Coins like Bitcoin and Litecoin both made GPU mining obsolete when SHA-256 and Scrypt ASICs were created.
ASIC Resistance and How it Makes Vertcoin Decentralized
Vertcoin believes that ASIC resistance goes hand in hand with decentralization.
ASICs are made by companies like Bitmain and almost all the original sellers of ASICs sell on a preorder basis. When pre ordering an ASIC you are buying from a limited batch that the ASIC company has produced. Often times the batch will not be fully filled and the ASIC company will often have left over ASICs. When the ASIC company has left over ASICs they will put them to work mining. Soon enough the ASIC company will have a very large amount of unsold ASICs that are mining and slowly the ASIC company starts to own a large part of the network’s hashrate. When an ASIC company(s) starts to own a large majority of the hashrate the network can become very centralized after a while.
Having your network consist of a few large companies can be very dangerous as they could eventually get 51% hashing power and 51% attack your network, destabilizing the network. When your network is made out of a lot of smaller miners, like Vertcoin, it is much harder for your network to be 51% attacked, therefore increasing network security. By having centralized hashing power your coin effectively centralizing the network as the centralized hashing power can deny transactions and stop any activity they don’t want.

What Ways is Vertcoin Superior to Litecoin and Bitcoin?

Network Difficulty Adjustments with Kimoto Gravity Well
Vertcoin uses a difficulty adjustment called Kimoto Gravity Well which adjusts the difficulty every block, whereas Bitcoin and Litecoin’s difficulty changes every 2016 blocks. By adjusting the difficulty every block Vertcoin’s block time can stay consistent by adjusting for the fluctuation in network hash rate from hash rate renting and part time miners. If a large miner switches off Bitcoin or Litecoin mining the network could be slowed to a crawl until 2016 blocks are mined and the difficulty can change to adjust for the new network hash rate. We observed this happen to Bitcoin when Bitcoin Cash became more profitable than Bitcoin and Bitcoin’s network hash rate saw a steep fall off, slowing the network to a crawl. If this was to happen with Vertcoin the difficulty would adjust after 1 block was mined, allowing Vertcoin to always be profitable to mine.
Anyone can Meaningfully help Verify Transactions
In Proof-of-Work crypto currencies miners help secure the blockchain and get rewarded with the block reward. In ASIC mineable coins like Bitcoin and Litecoin you can’t meaningfully verify transactions unless you pay 1000-2000$ for a ASIC miner. When you mine with a CPU or GPU in a ASIC mineable coin you make no meaningful impact on the network. It is like trying to break concrete with a shovel while everyone else has a jackhammer.
Simple Upgrades Aren’t Held back by 1-2 Large Miners
In ASIC market people buy ASICs in batches in a preorder. With Bitcoin ASICs there is not enough demand for ASICs so the batch often doesn’t get sold out so now the manufacturer has spare ASICs. Now that the manufacturer has spare ASICs they will often start mining with them and eventually the ASIC company has one of the highest hash rates. If the ASIC company doesn’t want a certain upgrade to go through, for example SegWit, they can vote with their hash rate to hold back the upgrade forever or at least until people who want SegWit get more hash rate.
You Have a Say in Protocol Rules and Consensus
In Bitcoin you are a passive observer because you can only issue transactions and you have no part in the process after that. In Vertcoin you can be apart of the process for deciding the ordering of transactions and deciding what transactions get into blocks.
Block Rewards and Transaction Fees are Distributed Evenly
In Bitcoin and Litecoin the block rewards and transaction fees are often given to the large miners in China due to mining centralization created by ASICs. Vertcoin distributes its mining rewards to people all around the world thanks to the mining decentralization.

When will Atomic Swaps Be Ready?

Atomic Swaps can be done in two flavors: On-chain and Off-chain (via Lightning Network). On-chain swaps were actually done already using Blocknet, you can see it in use on Youtube. We're looking into doing it again using Interledger.
However our main focus is to do off-chain Atomic Swaps using Lightning Network technology. Because it has the same benefits as Lightning transactions: No network fees and instant transactions.
For off-chain swaps we need Lightning Network to be fully operational. It's difficult to give an ETA on that since we aren't the ones developing it. U/gertjaap posted a video on the current state of the Lightning Network for Vertcoin a while ago, which you can see here.
This was actually the "bleeding edge" of Lightning Network at the time. was able to use it on VTC's main net, meaning that our blockchain is ready for the good stuff. As you can see however, it can't yet be considered production ready (most users would want a little better UX than a command line app).
Now off-chain Atomic Swaps is a technique based on the same principles as Lightning Network, but adds an extra complexity for it being across chains. So it's basically the same as a "multi hop" Lightning payment, which is not yet built by any of the implementations. They're still working hard on making the single-hop payments robust. So in order for AS to be possible, LN has to be fully operational.
A timeline cannot be given at this time, because frankly we don't know. The implementation of Lightning Network we feel has the most potential is LIT, because it supports multiple currencies in its protocol (where LND is bitcoin-only at the time and requires significant work to support other currencies, which is an essential part of being able to work across multiple blockchains).
LIT is open source and there's nothing secretive about its progress, you can see the development on Github. We even have our lead dev James Lovejoy (u/jamesl22) close to the action and contributing to it where possible (and our team as well through testing it on the Vertcoin chain).
So we're not developing LN or AS ourselves, we're just ready with our blockchain technology whenever it becomes available.
If we have any real progress that has some substance, you can expect us to let the world know. We're not interested in fluffy marketing - we post something when we achieve real progress. And we are not keeping that secret.

How do I Choose the Right Vertcoin Wallet?

Deciding what Vertcoin wallet you should choose can be a difficult process. You can choose between three different wallets: Core, Electrum and Paper. Once you decide you can use the "How to Setup Your Vertcoin Wallets" video guide to assist you.

Core

The Core wallet is the wallet that most people should use. It will store the entire blockchain (~2GB) on your computer. The Core wallet is the only wallet that fully supports P2Pool mining. You will also have to use the Core wallet if you plan to run a P2Pool node or any Vertcoin related server.

Electrum

The Electrum wallet is a light wallet for Vertcoin. You do not have to download the blockchain on your computer, but you will still have your own private keys on your computer. This is recommended for people who don't need to store Vertcoins for very long and just need a quick but secure place to store them.

Paper

The Paper wallet is as the name implies, a physical paper wallet. When generating a paper wallet you will get a pdf that will need to print out. A paper wallet is normally used for long term storage since it is the safest way to store Vertcoins. A paper wallet can also be called "cold storage." Cold storage references the storage of your coins offline, preventing you from getting hacked over the internet.

Ledger Nano S

The Ledger Nano S is a hardware wallet designed by Ledger. A hardware wallet is similar to a paper wallet since it is normally used for cold storage. The hardware wallet is on par with the security of a paper wallet while being easy to use and setup. Note: You should never mine directly to a Ledger hardware wallet.

How do I start mining Vertcoin?

We have many guides available for you to use depending on your computer specifications.
Nvidia GPUs on Windows
Nvidia GPUs on Linux
AMD GPUs on Windows WARNING: Very unprofitable, AMD optimized miner is coming very soon.

Where can I get the One Click Miner (OCM)

You can get the latest version of the One Click Miner in the Vertcoin Discord. The download is pinned to the top of the #oneclick channel.

What do all the Numbers Mean on P2Pool’s Web Interface

I've seen a lot of confusion from new miners on public p2pool nodes, so here's a primer for the most common static node page style, for first time miners: https://imgur.com/K48GmMw

Active Miners on this Node

Address - This is the list of addresses currently mining on this node. If your address does not show up here, you are not mining on this node.
Hashrate
This is a snapshot of your hashrate as seen by the node. It will fluctuate up to 15% from the hashrate you are seeing on your mining software, but will average out to match the output in your mining software.
Rejected Hashrate
This is the amount of your hashing contribution that is rejected, both in hashrate and as a percentage of your total contribution. Running your own p2pool node minimizes this number. Mining on a node that is geographically close to reduce lag also minimizes this number. Ideally you would like it to be less than 1%, but most people seem happy keeping it under 3%.
Share Difficulty
This speaks for itself, it is the difficulty of the share being currently worked on. Bigger numbers are more difficult.
Time to Share
This is how long you need to mine before you will receive any payouts, or any "predicted payout." The lower your hashrate, the higher your time to share.
Predicted Payout
This is the reward you would receive if a block was found by p2pool right now. If it reads "no shares yet" then you have not yet been mining the requisite amount of time as seen in the previous "time to share" column.

Status

Network Hashrate
This is the total hashrate of all the miners mining vertcoin everywhere, regardless of where or how.
Global Pool Hashrate
This is the total hashrate of all the miners mining vertcoin on this p2pool network, be it the first network or the second network.
Local Pool Hashrate
This is the total hashrate of all the miners mining Vertcoin on this node.
Current Block Value
This is the reward that will be given for mining the current block. The base mining reward is currently 50 VTC per block, so any small decimal over that amount is transaction fees being paid by people using the network.
Network Block Difficulty
This is the difficulty of the block being mined. The higher the number, the higher the difficulty. This number rises as the "Network Hashrate" rises, so that blocks will always be found every 2.5 minutes. Inversely, this number falls when the "Network Hashrate" lowers as well.
Expected Time to Block
This is a guess at how much time will elapse between blocks being found by this p2pool network. This guess is accurate on average, but very inaccurate in the short term. Since you only receive a payout when the network finds a block, you can think of this as "Estimated Time to Payout."

Why is P2Pool Recommended Over Traditional Pools?

Decentralisation

P2Pool is peer to peer allowing a decentralized pool mining system. There are many nodes setup around the world that connect to each other too mine together. Many other coins have 1 very large pool that many miners connect to and sometimes the largest pool can have 51% or more of the network hash rate which makes the network vulnerable to a 51% attack. If P2Pool is the largest network then that prevents the Vertcoin network to be susceptible to a 51% attack as P2Pool is decentralized.

PPLNS Payout System

P2Pool uses a PPLNS (Pay Per Last N Shares) payout system which awards miners more the longer they mine, sort of like a loyalty system. A drawback to this system is that part time miners that aren't 24/7 won't be able to earn that much.

2 Networks

While Network 1 is catered towards 24/7 miners and people who have dedicated mining rigs, Vertcoin has a second P2Pool network where part time miners and miners under 100 MH/s can go to mine.

Mines Directly to Your Wallet

P2Pool mines directly to your wallet and cuts out the middleman. This reduces the likely hood that the pool will run away with your coins.

No Downtime

Since P2Pool is decentralized and has different nodes for you to choose from there will be no downtime because the P2Pool network does not die if one node goes down. You can setup a backup server in your miner so that you will have no downtime when mining.

Anonymity and Security

When using P2Pool you use a wallet address making your real identity anonymous, you are simply known by a random 34 letter string. Along with using a wallet address instead of a username there is no password involved P2Pool preventing the possibility of cracking your pool account (If you were on a traditional pool,) and stealing all your coins.

How do I Find a Nearby P2Pool Node

You can find the public p2pool nodes the the P2Pool Node Scanners. If you want to find a network 1 node go here. If you want to find a network 2 node go here.

How do I setup a P2Pool Node?

Linux P2Pool Setup
Windows P2Pool Setup (Text)
Windows P2Pool Setup (Video) This guide setups a network 2 node. When downloading Python download the 32bit version, not the 64bit. Downloading the 64bit version causes problems with the twisted install.
How do I setup a change my node to network 1 or network 2?
In the P2Pool startup script when you type the --network flag add vertcoin1 for network 1 and vertcoin2 for network 2 right after.

How do I Buy Vertcoin?

You can see a video guide on Youtube, "How to Buy Vertcoin with Fiat Using Bittrex and Coinbase"

How can I get help with "X problem?"

The quickest way for you to get help is for you to join the Vertcoin Discord Group. We almost always have knowledgable Vertans, whether that be developers or experienced Vertans, online to help you with whatever problems you may have.

How can I donate to the Developers?

You can donate to the dev fund at https://vertcoin.org/donate/. You can select what you want your funds to go to by donating to the corresponding address. You can also see how much funding is required and how much we have donated.

Where can I see what exchanges Vertcoin is on?

You can see what exchanges Vertcoin is listed on at CoinMarketCap. You can see what exchanges Vertcoin has applied to be on at this google docs spreadsheet.

Where can I see Vertcoin's Roadmap?

The Vertcoin developers currently have a trello board where you can see the goals and what the status of said goal is. You can also vote on what you want the Vertcoin developers to focus on next.

What is the Status of the AMD Optimized Miner?

The AMD Optimized Miner internal beta is aiming to be ready by the end of September. The AMD Optimized Miner is currently being developed by @turekaj on the Vertcoin Discord. He currently does not have a Reddit account and Discord is the only way you can contact him.

What Does Halving Mean?

Halving means that the block reward for miners will be split in half. Halving happens around every 4 years for Vertcoin or 840,000 blocks. This means around December miners will only receive 25 VTC per block instead of the current 50 VTC per block.
If you would like to add another question to this list please comment it and I will get around to adding it ASAP.
submitted by asianboygames to vertcoin [link] [comments]

[Serious, long] My thoughts on what next for Dogecoin

There’s been a lot of discussion in recent days about the decreasing price of Dogecoin, as well as the risk of a 51% attack from Wafflepool or similar. I wanted to do a wrap-up of the discussions happening amongst the developers of the last few weeks, partly to illustrate that we are looking at options, but mostly to talk about what is happening. Please note that this is all rapidly changing. Dogecoin is actually moving at breakneck speed for a project of its size, especially as we still have a relatively limited core team. This is part of why we don’t write posts very often, as they become out of date so quickly as new arguments and facts are presented.
Lets talk about 51% attacks first. The theory is that if anyone has over 51% of the total hashing power of the network, they can form a blockchain of their own which is considered “more valid” than the blockchain most users are on. This is because cryptocurrency blockchains are secured through proof of work, and therefore more work on a chain makes it, in essence, more valid. This risks an attacker spending coins on one chain, then releasing their own private, longer, blockchain. That latter blockchain replaces the original blockchain, and the coins they spent on the original blockchain are effectively returned to them as if the transactions never happened.
It’s important to understand this because I hear suggestions that Wafflepool shouldn’t accept over 51% of the network hashrate, and unfortunately all this would do is hide the risk. Having one pool own over 51% of the network hashrate is not a problem if it’s actually being used to mine, but instead if it’s used to create a personal blockchain. The other issue raised is one of price; we’ve been steadily dropping since around early February. The core of my answers here is that you need to consider demand vs supply. What happened back in February was that we saw a surge in demand beyond sustainable levels, likely in a form of tulip mania. As supply continued (mining), and demand dropped-off, our price has dropped. This has been worsened by a succession of bad news affecting Bitcoin (MtGox and other exchanges struggling, uncertainty of China and Russia, etc.), which both directly brings down our price, as well as undermining confidence in the entire cryptocurrency ecosystem. It has been suggested (and I can believe this, but have not done my own analysis) that as multipools continue to dominate Dogecoin mining, and they tend to sell coins directly, that they are further reducing the price. Specifically, given that while there is demand for further coins from miners, as they have already expended resources on mining hardware they cannot then purchase the cheap coins the mining pools are producing.
Lastly, there’s the question of ASICs; these are specialised mining devices which are significantly faster than CPU/GPU mining hardware, and typically cheaper to run due to reduced power and space requirements. Their introduction into mining at the moment leaves vastly disproportionate mining power in the hands of a few (there’s one individual with a hashrate of around 20GH/s, for example), and in time is likely to make mining on commodity hardware infeasible.
We’ve had a lot of suggestions for what to do; change proof of work algorithm, add multiple proof of work algorithms, move to proof of stake, merge-mine with Litecoin, have DigiShield merge-mine with us. We’ve considered everything, and then some; I’m not sure how much discussion has happened in total, but I’ve spent over a dozen hours looking at these issues on IRC. In virtually all cases, the majority of people with the skills to implement these changes have rejected them as too high risk and/or having other significant drawbacks. In summary:
The best suggestion we have so far is to out-do the multipools directly, by working on open source multipool software which is more DOGE-friendly. As I understand it two key approaches are being considered for improving DOGE-friendliness; either by directly exchanging other coins to DOGE, or through improved trading algorithms which result in less sharp shocks to the price. For very large mining farms such as SFire’s, it’s hoped this will cause them to separate from the mining pools (which they pay fees to) and go solo. This reduces fees for the miner, as well as reducing the ability for DDoS attacks to be targeted at them, and for us it reduces risk of a 51% attack, improves confidence in the coin security, and enables us to better mitigate impact of people mining huge quantities to sell.
Meanwhile, the main focus is on making Dogecoin (and cryptocurrencies in general) a viable way of moving value around. The 1.7 client (beta release is imminent, and in fact if you’re comfortable compiling it yourself, the code is available from https://github.com/dogecoin/dogecoin/tree/v1.7.0-Beta-1 ) is a major re-write of Dogecoin Core to base it on the Bitcoin Core 0.9 client (with Scrypt added in, of course). This gives us significant performance improvements, as well as a better underlying architecture. To repeat; this will not be a required update, although it will be strongly encouraged as it’s a huge leap forward technologically. One of the features which is currently not working in 1.7, but will be for release, is the Bitcoin payment protocol, which massively improves the payment request/receiving process for merchants. Fundamentally 1.7 is intended to prove we have the technical skills to maintain a stable, useful coin, and help drive/support adoption.
Once 1.7 is done, my immediate priority is technical documentation; we have a security specialist currently working on a guide to cryptocurrency security (setup, risks, best practices, etc.), to help give merchants and exchanges an in-depth understanding of how to securely use cryptocurrency. I’ll be addressing the need for formal standards in Dogecoin, and preparing RFCs for the “dogecoin:” URI and relay network protocol for submission to the IETF (and IANA for the URI).
Lastly; there was a post recently about the need for multi-signature addresses; I’d like to add my own “hell yes!” to that, although obviously I have to prioritise. If anyone else can look at these, that would be fantastic.
For anyone wanting a more permanent link, there's a copy of this on my blog ( http://jrn.me.uk/wp/what-next-for-dogecoin-mid-april-2014/ ), however posting as full text here as probably easier for most people, and I'm not sure my server would survive a reddit hug!
Edit: It's been pointed out that there's no verification of the problems with Blackcoin, and the source alleging problems has a serious credibility issue. Have removed the reference now.
submitted by rnicoll to dogecoin [link] [comments]

Btcguild shutting down.

After many months of consideration, I have finally made the choice to announce the planned closure of BTC Guild. Below, I've outlined the closure process/timeline and reasons that this decision was made.
Closure Timeframe and Process As identified in the support section and in the 2nd post on this thread, BTC Guild has had an official policy for the amount of time that will be given in the event of closure. The official date that BTC Guild will cease all business is January 31, 2015. This post is the start of the identified 3 months of warning.
1) Effective immediately, registrations are closed to new users. 2) BTC Guild mining servers will remain online until November 30, 2014. 3) Users will have until 11:59 PM (PST) on January 31, 2015 to withdraw any remaining balances on their account.
The above timeline may change if BTC Guild is sold prior to the planned date of closure.
Main Reasons for Closure 1) Risk/cost of a successful attack against the pool. As pooled mining in general is shrinking due to large manufacturers creating private farms, the potential revenue for the pool has gone down as expected. While the pool is still very profitable, the amount of time it would take to recover from an attack has increased due to the overall share of the network shrinking.
BTC Guild has, to date, never been successfully hacked. However, I have seen a rise in attack attempts, and things like Heartbleed/Shellshock which show that efforts are being put into compromising common Linux services if possible. Neither of those attacks had any affect on BTC Guild, but they were both reminders that under BTC Guild's own code, there are many services which could be a doorway into the pool's servers if a vulnerability was discovered.
One successful attack could cost close to a year of pool revenue, maybe more depending on what happens in the mining landscape over that period of time. If something else happened in that time (subsequent attack or regulation forcing closure), it would mean continuing to operate the pool beyond this point has cost me more money than it might potentially make in the rest of its lifetime.
2) US government/regulators are already taking stances against specific business types in Bitcoin, applying requirements which would be impossible for BTC Guild to operate under if they attempt to extend regulation into pooled mining, either directly or indirectly due to unclear definitions. Nobody will mine on a pool which requires them to provide personally identifiable information when they can change a single line in their configuration to point elsewhere.
Additionally, state regulators are starting to make noise about Bitcoin. New York is the first to publicly put anything forward, but there are 49 other states which can put their own spin on things. Due to the ability for states to establish a nexus for businesses dealing with their state's residents, it is a scary landscape to continue operating in.
I have no intention of leaving the US myself, and given the recent history of the US when it comes to online businesses, I don't feel safe simply moving the business legal entity to another country while continuing to live in the US myself.
Aquisition and Users's Privacy/Funds In the event that BTC Guild is acquired prior to closure, users will not have their mining history and withdrawal history transferred to the new owner. All balances up to the date of aquisition will be retained by myself, and a separate service will be made available to claim any funds owed. I am unwilling to compromise on this, because I refuse to do anything where it puts the users of the pool at risk of not receiving what they've earned under my watch.
Pool Recommendations and Advice For users looking for a new home for their miners, I highly recommend BitMinter, Eligius, and p2pool. I do not recommend Slush over any of those 3 options, and I actively encourage users to not use Discus Fish or GHash.io. Other smaller pools exist which are run by honest people, but due to their size, it is difficult to recommend them to the average miner.
Closing Words When I got into Bitcoin back in March of 2011, I never expected anything that we've seen over the last 3 and a half years. I had never built a computer before, never run a server beyond a Gentoo PC in a spare bedroom, and never setup a website that experienced even 0.1% of the traffic BTC Guild gets on an average day.
Bitcoin and BTC Guild have both radically changed my life. While I am closing BTC Guild, I still plan to remain a part of the Bitcoin community. I do believe, even in the face of over-regulation, that Bitcoin will continue to grow and become more useful and usable. I just feel that it is time to move on from BTC Guild, and take pride in the fact that BTC Guild's closure can show that not all Bitcoin businesses end with somebody stealing funds from their users, either by "getting hacked" or outright theft.
submitted by TerreCiel to Bitcoin [link] [comments]

Antminer on P2Pool?

I'm new to ASIC mining (coming from GPU mining), and I have heard great things about mining with P2Pool. I have found a little bit of info on how to mine P2Pool, but I'm pretty lost. I don't want to setup a node, I'll just use a public one.
I have heard that I use the address: http://[pool ip]:9327/ . Is that correct? I have found multiple P2Pool websites, but Bitcoin wiki says http://p2pool.in is the official one. I have a few questions.
  1. Where do I put my address in the Antminer software / how do I connect my wallet to P2Pool?
  2. Where can I find legitimate Litecoin P2Pool Nodes?
Thanks!
submitted by RagingPrepper to litecoinmining [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 450 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 450 Full Nodes running.
https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Q: Vertnode - An automated solution for installing Vertcoin node(s) on Single Board Computers A: https://www.reddit.com/vertcoin/comments/901e6a/vertnode_an_automated_solution_for_installing/
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Just so you know p2pool.org is not p2pool, its a regular pool. It is the first result shown on google though. If you are mining here you are being duped. Just look down at their terms of service.

They have adopted the name to trick users in mining there. You want to use the links listed here https://en.bitcoin.it/wiki/P2Pool like http://p2pool.in/ and setup the actual p2pool.
submitted by CP70 to Bitcoin [link] [comments]

While everyone is panicking about Ghash.io p2pool just mined 2 blocks in an hour. Here 2 ways you can help us get more.

This is pretty rare for p2pool, we've actually gotten 4 blocks in the last 3 days. Usually its several days between blocks: https://blockchain.info/blocks/P2Pool
Want to help P2Pool? There are 2 things that anyone can do:
Donate to P2Pool miners directly using the tool setup by Hunterbunter : http://blisterpool.com/p2pdonate
-OR-
Rent mining power from http://nicehash.com or http://betarigs.com and point it at p2pool.
ch33s3mast3r wrote an excellent guide for how to use either hash renting service:
http://www.reddit.com/Bitcoin/comments/27o8yx/guide_how_you_can_help_decentralize_the_network/
The more blocks p2pool mines, the less control ghash has over the network, every little bit helps.
Edit: Wow, great to see this getting some support :-) l it's been a while but since this made it to the front page I might as well add, if anyone is interested in mining on my p2pool node here it is:
http://pdxcypherpunks.airdns.org:2729
I've set the fee to zero for now, if/when i do bring back a fee it will be 0.25% sent directly to a charitable cause such as sean's outpost or wikileaks and not kept by myself.
submitted by evilgold to Bitcoin [link] [comments]

Simplicity v0.2 - The Fastest and Easiest Mining and Wallet Software [Bug reports = 250 MYR!]

Changelog
Download Simplicity v0.2
TL;DR Description: Autotuning Mining Software + Myriad Electrum + P2Pools + Code = Quickest and Easiest Mining Ever
TL;DR Description from the Eyes of the New User: Step 1) Unzip Program Step 2) Click “RunMeToMine.vbs” Step 3) Profit!
Full Description: Simplicity is a package file that contains miners for Myriad’s four major GPU/CPU algorithms (Scrypt, Skein, Myriad-Groestl, and Qubit) and after minimal installation will mine directly to a Myriad Electrum wallet that is set up with it using p2pools. It contains documentation and after the initial setup of Electrum it mines any of the four algorithms of your choice with one click directly to the wallet that was set up with it. The Simplicity package is intended to bring Myriad mining to everyone who has yet to get into cryptocurrencies because mining was too complex or too time-consuming for them. They should be able to run a file with minimal installation and immediately begin making that “magic internet money” like Bitcoin.
submitted by neuroMode to myriadcoin [link] [comments]

Coin-a-Year: Nyancoin

Hello cryptocurrency lovers! Welcome to Coin-a-Year, the laziest series yet in the Coin-a-Day publishing empire. This year's coin is Nyancoin (NYAN). I originally covered Nyancoin in an article here in /cryptocurrency published January 4th, 2015.
Without (much) further ado, I'm going to include the original report next, unmodified. This is unlike my Coin-a-Week series, where I use strikeout and update in-text. Because this is going to be a longer update, I'll just make all further comments and updates below, just realize that all information below is as of January 4th, 2015 and thus is more than a year out of date as of posting now, at the end of February 2016.
Since I use horizontal rules as internal dividers in the original post, I'll use a double horizontal rule to divide the original text from this prelude and the following update.
Coin-a-Day Jan 4th
Welcome to the fourth installment of Coin-a-Day! To see convenient links to the introduction and the previous entries, please see /coinaday. Today's coin is Nyancoin (NYAN).
Summary
• ~173.6 million available currently [1]; 337 million limit [2]
• All-time high: ~0.000024 BTC on February 16, 2014 [1]
• Current price: ~3 satoshi [1]
• Current market cap: ~$1,275 [1]
• Block rate (average): 1 minute [1] [3]
• Transaction rate: ~25? / last 24 hours; estimated $3-4 [4]
• Transaction limit: 70 / second [5]
• Transaction cost: 0 for most transactions [6]
• Rich list: ??? [7]
• Exchanges: Cryptsy [8]
• Processing method: Mining [10]
• Distribution method: proof-of-work block rewards and 1% premine for "bounties, giveaways & dev support" [2] [10]
• Community: Comatose [9]
• Code/development: https://github.com/nyancoin-release/nyancoin ; there hasn't been a released code change in 10 months. The new developer has talked about some changes, but has not made a new release. He has given advice about how to keep the network running and operate the client. [10]
• Innovation or special feature: First officially licensed cryptocurrency (from Nyancat) [2]; "zombie"-coin [11]
Description / Community:
So you're probably wondering why in the world we're talking about a coin which has been declared dead and already written off. I actually first selected this coin to illustrate a "deadcoin", but the more I dug into it, the more I was amazed at the shambles I discovered. I am combining the description and community sections for this coin, because the community (or lack thereof) is the central issue for Nyancoin.
Substantially all, if not literally all, of the original infrastructure is gone. From the announcement post, the original website has expired. The nyan.cat site itself survives, but has no reference to the coin. The github repo remains, but then there was never much changed from the bitcoin/litecoin original. In fact, the COPYING file doesn't even list "Nyancoin Developers". None of the original nodes seem to be running anymore. @Nyan_Coin hasn't tweeted since July 6th. And that was just to announce posting an admittedly cute picture to facebook which makes a claim for a future which seems never to have developed. Of the original 15 pools, I think all are dead except p2pool, for which at least one node still supports NYAN. The original blockchain explorer, nyancha.in, is still running. The faucet is dead or broken. The original exchanges no longer list it (two of the three having died; SwissCEX having ended its trading as of the first of this year). And so forth.
And yet:

I'm not dead! I'm getting better!

No you're not, you'll be stone dead in a moment.
[Of course, that scene finishes with knocking out the "recovering" patient so he can be taken away...not to mention the absurdity of including Monty Python in a financial article, but moving right along.]
There is still just enough left to Nyancoin to keep it twitching, even if it is on life-support. Whether it's an individual node or whether it's a pool, there are blocks being produced at a steady rate as intended. Transactions are being processed. There is still a market. There is still a block explorer. And there is a dev. It is like a case study in the absolute minimum necessary to keep a coin alive. The most likely outcome is almost certainly a final collapse when one critical piece or another of the infrastructure goes away. And yet in the meantime, a person can own a million NYAN for $8 [12], and then move this coin quickly and easy, albeit with no particular external demand. It's like the world's most hyped testnet.
I think this case presents an interesting example of what happens to an altcoin when its initial support dries up. NYAN coin is more fortunate than some, actually, as there are some where there are no longer any nodes running it nor the original announcement thread (in fact, there was actually a second Nyancoin launched around the same time. But it died hard and its original announcement thread was deleted and at this point I would have no idea how to access it; so "Nyancoin" thus illustrates how hard a coin can die (Nyancoin 2) as well as how it can hang around despite being proclaimed dead, with far more justification behind that pronouncement than there has been for bitcoin (NYAN) ).
Footnotes
[1] http://coinmarketcap.com/currencies/nyancoin/
[2] https://bitcointalk.org/index.php?topic=402085.0 Regarding the premine, it's unclear to me where this money is now, since the original poster hasn't been active on BCT since May and the original site is down. However, given that it's only 1%, and about $25 in value right now, there seem to be more significant concerns for NYAN.
[3] http://nyancha.in/chain/Nyancoin - Nyan blockchain explorer; blocks are somewhat inconsistent but somewhere around the 1 minute average
[4] There doesn't seem to be anything automatically doing these stats, so I did visual inspection on about 1500 blocks (about one day) excluding the block generation reward (~250k/day). Most blocks are otherwise empty. I counted about 24 transactions or so scrolling through, with an outlier around 300k NYAN and another around 100k NYAN. In total, about 500k NYAN, excluding the block rewards. This is very approximately $3-4.
[5] Nyancoin is a basically unmodified, slightly out-of-date bitcoin as far as code goes, and ignoring the change in block rate and total coin supply, as well as the difficulty retarget after every block. So for purposes of estimating maximum possible transaction throughput, I start with bitcoin's estimated 7 transactions per second, and multiply by 10 for having a block on average every minute rather than every 10 minutes. In any event, this limit is not likely to be reached in the foreseeable future.
[6] Like bitcoin, transaction fees appear to be optional in Nyancoin. Unlike bitcoin, there is almost no transaction volume, and coins tend to sit for a relatively long time before being moved. So zero-fee transactions appear to be the norm from looking at a couple transactions on the block explorer.
[7] I couldn't find one. See the disclosure section of this article: your humble correspondent is likely represented in some way on a top 100 if one were to be made or if one exists, despite not holding it directly, depending on how the exchange holds it.
[8] I could not find any other exchanges still listing Nyancoin. SwissCex appears to have disabled it as of a couple days ago. Cryptsy has a notice that the NYAN/BTC market will be closing, but its NYAN/LTC market appears strong.
[9] Essentially all of the original sites, pools, faucets, etc. are dead and there has been very little to replace it. There is basically a single node, or perhaps a very few, which are running the blockchain. However, there is a developer still trying to hold things together, maxvall_dev, maxvall on BCT. He is the last hope for the NYAN.
[10] https://bitcointalk.org/index.php?topic=597877.0 This is the thread where maxvall took over as dev, and it also discusses switching to PoS, which hasn't happened as far as I know.
[11] "zombie"-coin: Not to be confused with ZMB (my god, does it ever end?). This is my term to describe a coin which is "undead": by rights it should be dead. And yet it's still walking around and acting like it's alive. What is it? What's going on? It's quite debatable whether this gives it any special value, but I find it an interesting state, and it's why this was chosen for early coverage. There are plenty of actually popular and successful coins, and we will go onto covering more normal selections; we're looking for variety rather than repetition. But I think this is an interesting example for what can go wrong, and yet in the midst of that, how little it takes for a coin to survive. In fact, it's almost like an alternate history bitcoin to me; this shows the concept that "it was run on one computer before; it can be run on one computer again" to some extent. And there are even some strange pragmatic benefits as well, like having no competition for getting a transaction into a block and thus zero transaction fees.
[12] And, in fact, the author chose to do so today, spending about 0.03 BTC for about 1 million NYAN.
Additional Reading
/nyancoins - Like NYAN: mostly dead, but not quite
http://nyan-coin.org/ - new official website
BCT thread listing nodes, xpool (p2pool), for mining information.
americanpegasus predicting in February that NYAN will hit $1; always an entertaining read
Giveaway
Instead of a challenge today, since NYAN has enough challenges, I decided I would give away 10,000 NYAN to at least the first ten people who ask for it. This still remains at my discretion, but honestly, if you really want, say, 50,000 NYAN and create four new accounts to do so, I'll probably be too amused to say no. I don't expect to get ten requests. If I get more, I'll probably still fulfill them, but as with everything else, this is left to my whim.
Donations and Disclosure
Okay, this is an important one today because of the tiny market here. I actually hold less USD value in NYAN than in BTC, DOGE, and PPC (although my value in PPC might be about equivalent actually), but I hold more of the total market in NYAN than any of those three. And I'll probably be buying more. So I have a conflict of interest in writing this article.
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
I personally hold just over 1 million NYAN on Cryptsy right now.
Perhaps it would be better if I didn't write any articles about anything I were invested inspeculating on, but I started this series for my own education to further my speculation, so unfortunately, dear reader, your needs come second to my own. tanstaafl; you get what you pay for, and I'm giving you my thoughts.
If by some strange quirk of fate you actually own NYAN and enjoyed this article and wished to donate some to me, K7Ho9HghBF6xWwS6JsepE6RAEPyAXbsQCV is mine (first non-empty account I've posted; transferred 1000 NYAN into here earlier from Cryptsy to test that the network and my wallet were actually working).
Thank you all for reading and commenting! I've already learned a lot from this process and I look forward to more!
Upcoming coins:
• January 5th: Nxt
• January 6th: Darkcoin
• January 7th: Namecoin
I'll use alphabetic labeling for footnotes in the updates to avoid any confusion with the footnotes in the original. For simplicity, unchanged items, like the 337 million limit and the 1 minute will not be mentioned, and we'll start with the summary changes.
Updates:
Summary
  • ~263.7 million NYAN currently exist [a]
  • Current price: ~7 satoshi [b]
  • Current market cap: ~$8,000 [c]
  • Transaction rate: ~185 / last 24 hours; ~3,300,000 NYAN (~$100) [d]
  • Exchanges: Cryptopia [e]
  • Community: We're not quite dead yet; in fact, I think we're getting better! [f]
  • Code/Development: I have an early draft of NYAN2, but I'm about six months past my initial goal for having it available to use. Life/work/lack of build machine/procrastination. NYAN2 will be a rebase onto a modern LTC codebase which will soft fork to fix a current vulnerability to a fork bug. For now, the network still runs on the same code that it did when I wrote the first article.
Discussion
I'm going to consider the community first, since I pointed it out as the weakness and central topic in the last one, then talk about the technical situation briefly, and then review the financial results.
The community has been excellent, if I do say so myself. We've got working infrastructure going thanks to the contributions of many Nekonauts (see [f]). Some original Nekonauts have returned or at least popped in from time to time, and new ones like myself have found Nyancoin (I would say given what I wrote in the original, I was still a skeptic of it at that point. Not that skeptics can't be Nekonauts, but I think I'd put my conversion to the cult of nyan shortly after writing that, even though I was already a nillionaire then for the heck of it.)
While I do look forward to seeing the community continue to grow in future years and consider that important, I don't think the community is our weakest point any longer; I think it's now our strongest point. I've tried to encourage the community's revival as best I could, including giving away tens of nillions in total, and lots of long rambling articles on my views on ethics and philosophy and frankly it's worked better than I would've really expected (or at least it has coincided with an effective recovery of the community). The community also helped me through at least a couple hard times personally in there as well.
The technical situation in Nyancoin is mostly unchanged but slightly improved, although with two additional known vulnerabilities. It's unchanged in that it's the same client. It's improved in that we have an active nyanchain explorer host (nyan.space), and we have a public draft of a plan for a soft forking security fix update in the near future (hopefully by the end of March (although I've slipped these deadlines before and may well miss March for release by a bit, I do think I'm inching closer now and then)).
The most serious vulnerability is to forking. This is the bug which hit Peercoin if I recall correctly. NYAN2 is intended to solve this through its soft fork from the LTC fix upstream (from the BTC fix upstream). In the meantime, we've been lucky we haven't been attacked. The tiny marketcap probably helps with not being a particularly attractive attack target. We're not exactly about to pay ransom to move faucet outputs. But that's no excuse; we want this fixed and should have it finally done "soon" (tm).
The less serious vulnerability is to a time warp attack in the difficulty function (Kimoto Gravity Well), which relates to general weaknesses it has and issues we've had with large gaps in the block chain because of spikes in the difficulty function causing it to be unprofitable and driving away most of the hash, and then low difficulty and price rise making it attractive to more hash, creating a spike and causing it again. While this is irritating, the chain still works, even if there are fits and starts at times. An important part of the reason I can get away with this is because there is at least one Nekonaut-supporting miner, CartmanSPC, who rescues us from time to time, and did so during the course of this article being written. We have a bunch of pools, but sometimes the hash just isn't there to get us unstuck when the difficulty goes high enough. Another part of the reason I consider it not an especially serious issue is because there's a workaround which works for me (classic bad developer logic): I use a large transaction fee (generally 337 NYAN, although I might have halved it after the most recent halving, I'll probably use 337 again) on my personal wallet by default. If necessary, I use a couple of them. It can make NYAN profitable to mine again despite the higher difficulty and "unstick" the chain. The difficulty function can go back down again in the next block if the gap has been long enough, so that can be enough to keep it going again for a while (although it can also get stuck again irritatingly fast at times). A fix for this will be putting in a better difficulty function for NYAN3, which will require a hard fork. This is tentatively scheduled for feature freeze around the middle of this year, coding to follow, activation sometime early 2017.
Financial has been our most disappointing performance. A graph of the 1 year performance right now on coinmarketcap looks pretty sad, showing our fall from a little over 60 satoshi down to around 7 satoshi now.
We rose too high, too fast, and I didn't stick with the safe high paying job like a sane person. Instead I hit the road, went to jail, and worked minimum wage. That doesn't sound like a sentence from a cryptocurrency financial review, does it? But the performance of NYAN since the article has been the story of my personal finances, which is the story of my life since then.
So, autobiographical coinaday interlude, trying to keep it generally to the most salient points. Well, in 2014 I had been on my way home to Minnesota from California when I was pulled over leaving Eureka, Nevada for speeding (got sloppy and went 45 approaching the 45 sign and thus technically still in the 35; bored cop seeing out-of-state plates). My vehicle reeked of weed, what with having been in Mendocino County previously with no intention of traveling out of the county much less state anytime soon but family emergency brought me back, and the end result was a citation for possession of cannabis and paraphernalia along with the speeding.
Fast forward to the beginning of 2015, I'm settled into a good software position and start looking more at cryptocurrency in my spare time. I write the coin-a-day series for a bit and then got annoyed and quit after a while when trying to do one a day on top of an actual job was too much for me (along with some annoyance over criticism; I can be rather thin-skinned at times). But I had gotten interested in Nyancoin, and started buying it up more and more with extra money I was making.
And then comes the crash. I had to stop putting as much in as I realized that where I was living and what I was working on wasn't going to work out for me and I needed to figure something else out. So, as I seem wont to do, I went on a roadtrip. I quit my job. And I went back for the court date for my citations and refused to pay, instead spending 10 days in jail rather than pay ~$1400 (I actually had the money in cash available to me if I chose to pay as a backup if I chickened out, but the judge annoyed me enough that I really preferred to be jailed instead of paying, as stupid as that sounds since I'm quite sure the judge didn't care in the least one way or another).
After that, I went back to roadtrip lifestyle for a while. It was a nice period. A lot of beautiful scenery; a lot of reading. Eventually, I busted up my car pretty badly...a couple times actually, the second time for good. Fast forwarding through the rest of the year, I worked a couple minimum wage jobs to pay bills and avoid cubicle life and kill some time until I figured out what I was going to do next. Just recently I quit as delivery boy after getting a speeding ticket (I swear, I'm not as horrible of a driver as this makes me sounds, although I have had a bad tendency to speed in the past, which I really have curbed to almost nothing; but I'm clearly not good enough) and am currently writing a Coin-a-Year article with a friend's incentive and applying to do documentation and development with the Nu project.
Okay, so what did any of that have to do with NYAN? Well, it's the mess of a life that has led to the fall of the price from 60 satoshi to 7 satoshi. If instead my life history for the time since the article had been simply "I was happily employed writing software", then I don't believe we would have dropped below 20 satoshi. It's easy to see in hindsight. If anyone can lend me a time machine, I'm sure I can get some condensed instructions which should improve performance significantly. Otherwise, just going to have more chalked up for the "character building" tally.
So, lessons learned if you are the major buy support for your coin: you need long-term reserves. Whatever you put in bids can be taken out in a moment by a dump for no apparent reason. This is particularly true if you may be quitting your cushy, high-paying job and wandering around without income for an extended period of time. Rather obvious, but hey, maybe someone else can learn from my mistakes. If I'd been bidding as cautiously as I am now from the beginning, I think the price would probably be somewhere from 10-20 satoshi now instead of around 7 satoshi.
It's especially unfortunate given that I wanted to be able to demonstrate the more consistent growth possible building a stable store of value, as opposed to the pump and dumps common in altcoins. And instead we had a pump-and-dump looking graph ourselves after I bid up higher than I was able to sustain, and a large (10+ nillion) instadump crashed the market all the way back down to 1 satoshi momentarily. We've had a few large (2+ nillion) dumps since, but nothing that large. We haven't generally had that large of bids though either.
It's hard to know when I've exhausted the supply at a price level, when it sometimes waits for a couple weeks or even more and then fills all the bids at once. But I want to maximize the minimum price paid because I think that's important for building confidence in a store of value long-term, which is one of my core goals for NYAN.
At the same time, we're still up from the lowest parts of the floor and where I found it. Since I own about 30% [g], the very cheapest supply has been taken off the market. I plan to keep on buying up "cheap NYAN" as much as I can. I've bought up to 60 satoshi before, I'll probably buy up that high this time around. I've got a token 100,000 NYAN ask at 300 satoshi; I hope never to sell lower.
Conclusions
Now I try to wrap it all together as if I saw this all coming and am the wise expert, despite having had about 90% drop in price in the last year after bidding too high. My original concept was taking the "minimum viable coin" and reviving it to a powerhouse as a textbook example in how to do it.
Part of my core concept in this is the arbitrariness of value: throughout history, humans have chosen any number of things as a store of value for the time: salt, large rocks, certain metals, disks, marked sticks, and so forth. While there has generally been a certain logic in the choice, in that there is a locally restricted supply in one way or another, and so forth, from the perspective of other centuries or cultures the choices can seem quite strange. Growing up, I was always struck by how strange the notion of salt being limited and valuable seemed in a world where people were trying to reduce intake and large amounts could be bought for trivial sums. And yet, a key nutrient necessary for life fundamentally makes more sense as being valuable than notched sticks or printed paper or a piece of plastic with some encoded information.
Humans have perpetually come up with stranger and stranger ways of storing and transferring value. Each new step, as always, comes with its own disadvantages and, frankly, has generally appeared nonsensical at best and fraudulent at worst to the status quo. Which doesn't mean that each new attempt is valuable. The gold bugs always like to point out that every fiat currency ultimately returns to its true value of zero. And the skeptics of cryptocurrency argue that all cryptocurrencies will eventually return to their true value of zero.
It's certainly possible. And it's possible the USD will hyperinflate someday. I tend to try the moderate view for a plausible guess of the future. By that type of logic, I would guess that over the course of decades, USD will in general lose value, and cryptocurrency will tend to slowly gain value. That might not seem the moderate view, but USD not losing value over decades would be truly shocking. And hyperinflation has been predicted since the USD went off the gold standard, or before. So some amount of inflation less than hyperinflation seems like the safe guess (but then, the Titanic arriving would also have seemed like the safe guess to me). And with cryptocurrency, I think it's clear by now the technology will continue to survive. So my first question is with what overall value as a market? It could go down, of course, but that seems unlikely in an already small, young market. Even if all the current crop die off and are replaced, whatever cryptocurrencies are around should be able to do better than a handful of billion in market cap in my view.
I believe that cryptocurrency has a bright future ahead of it. The best coins should ultimately survive and thrive. But I've been wrong on most of my major calls so far, like for instance when I thought BTC was over-priced around $5-$10.
I think Nyancoin can have an important role to play in the future of cryptocurrency in the years and decades to come, but it's a massively speculative long-shot. See also Nyancoin risks document. But like Linus Torvalds' autobiography, I try to keep "Just for Fun" as a core motto and principle. It's makes for a good hobby project because there will always be more to work on, with a core community motto of
TO INFINITY AND BEYOND!
Disclaimers / Sponsorship:
As I said before:
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
And I'll reiterate that I own about 30% [g] of the current supply of NYAN, which makes me by definition maximally biased.
Also, I'm not sure what's up with the address from the first post. It doesn't show up in my current wallet as a recognized address. So, anyhow, don't send there. :-) If you'd like to donate, please consider sponsoring a coin-a-day or coin-a-week article.
This is the first sponsored article. This Coin-a-Year article has been brought to you by spydud22 's generous patronage. I'd been meaning to do a Coin-a-Week article on Nyancoin for a while, but between wanting to "wait until the price recovered a bit" and general procrastination, then it seemed like it would make a good Coin-a-Year article, and then I wanted to wait until the price recovered a bit more...anyhow, so thank you spydud22, for causing me to finally do this. :-)
Footnotes
  • [a] nyan.space/chain/Nyancoin ; as of block 1091430, 263738786.71890615 NYAN outstanding. This is slightly over 50% more than the last report, which is what we would expect, since it had existed for about a year then, and has approximately annual halvings. The first year generated about 50% of total supply; the second year generated about 25% of total supply. We should expect in a year to have about 17% (one-sixth) more than we have now.
  • [b] https://www.cryptopia.co.nz/Exchange?market=NYAN_BTC ; this is the only market reflected in coinmarketcap and it is the primary one on which I trade. Cryptopia also has other base pairs which operate at significantly higher spreads (lower bids; higher asks) and have minimal volume. In the time since the last report, NYAN has traded as high as 60 satoshi (and briefly a little higher at times), but over the last almost twelve months since a peak about a year ago, the price has been generally declining overall, as a gross oversimplification of a lot of movements. This has been an effect of me not being able to keep buying as much and there being large dumps I wasn't expecting from time-to-time. Now I'm taking the approach of building large (one or more nillion (million NYAN)) bids on each price as I slowly work my way back up again in order to be able to handle possible dumps with less price shock.
  • [c] coinmarketcap.com/currencies/nyancoin/ ; as noted in [b], this only reflects the /BTC basepair on Cryptopia but that's where most of the volume is anyhow. Of course, the market is also not particularly liquid since I'm the primary buyer and have rather limited means currently.
  • [d] I haven't setup a script to count this yet, among many things on my to-do list for someday, so I went through by hand from what was the then-latest block of 1091430 on nyan.space back to 1089766 which was the first block generated less than 24 hours before. There was actually a three and a half hour block gap at that point, such that the next prior block was about 24 hours and 15 minutes before 1091430 while 1089766 was only about 20 hours and 45 minutes prior, and has a disproportionate number of transactions and value compared to a typical block (8 and ~313,000 NYAN respectively) from the build-up during the gap. But since that gap conveniently started right about at the start of the 24 hour period, doesn't really skew our results here.
Note that there are often times where the UTXO created during one transaction during the day is spent during a later transaction in the day. This can be considered the "same" Nyancoin being "spent" twice in the same day in our total. But in practice, I believe what's happening here is the faucet is breaking off small (10-50 NYAN) pieces from a larger (~40,000 NYAN) chunk, and so that pops up a bunch of times. So the total NYAN blockchain volume as counted for this topline number should not be interpreted as "NYAN spent in the day" but "NYAN moved on the chain", where the "same coin" can move many times. So it's a very easily gamed metric and not a strong / resistant metric like the market price tends to be (at least relatively speaking), but it's a fun number to calculate and provides a little bit of information.
The transaction count can also be easily inflated and certainly, for instance, having the faucet does generate transactions which are a very common transaction.
And this is also just an arbitrary 24 hour period compared to a previous arbitrary 24 hour period. Nonetheless, I do think there's clearly a bit more activity on the Nyanchain, even though the typical block is still empty and the number of transactions and volume is still tiny compared to the major cryptocurrencies.
Here's an arbitrary example of the faucet transactions Note the zero transaction fee, which I love that the miners support (the defaults are all quite low as well).
Here's an example of what may be the smallest transaction by NYAN volume of the day; but no, I followed its small, spent output, and it led to this gem which also links to this. I have no idea what's going on here, but it's hilarious and I love it. How's that for microtransaction support? :-)
  • [e] Obviously Cryptsy went down. We had had more than enough red flags with Cryptsy (including one time where I was able to withdraw 6 nillion more than I had in my balance) and got onto Cryptopia. spydud22 basically accomplished that for us, although I helped out in the tail end of the campaigning.
  • [f] Our community is still small (I wish there were literally dozens of us!) but we've had valuable activity from multiple people, including, just as highlights, vmp32k who hosts nyan.space, a clone of the original nyancha.in, jwflame who created the excellent nyancoin.info intro site, with the awesome status page (which currently notes that "the last 500 blocks actually took 111 minutes, which is approaching the speed of light, causing the universe to become unstable"), KojoSlayer who runs the faucet and dice, spydud22 who got us on Cryptopia, and many other Nekonauts have made worthy contributions, and the Nekonauts mentioned have done more than just that listed. So while we are small, we are active at least from time to time and technically capable.
Even though our posting rate is still around 1 post a day or so on average, and so still a relatively quiet subreddit (and it is our main (only?) hub), it's still a very noticeable and significant difference from how /nyancoins looked when I was reviewing it for the original piece here. Here's an attempt to approximate what was there using Reddit search ; archive.org has a snapshot on January 19th, 2015, which is well into the early revival mania and one from August 14th, 2014, before four and a half months of little to no activity. Apparently archive.org unsubscribed to /nyancoins in that interval itself...
  • [g] Maybe up to around 35% by now; maybe still around 30%. I haven't updated hodling report lately; it was 30% last time I recall, but I've bought more and more has been made since.
submitted by coinaday to CryptoCurrency [link] [comments]

Error while checking bitcoin connection

I have been trying to setup a local p2pool for the past couple of days with no luck. Just when I think I had finally got everything setup correctly I get this error in the command line.
Error while checking bitcoin connection: Traceback (most recent call last) : Failure: twisted internet.error.ConnectionRefusedError: Connection was refused by other side: 10061: No connection could be made because the target machine actively refused it.
PLEASE HELP!
submitted by Dyer32 to VertcoinMining [link] [comments]

BCC p2pool

I have no idea if this is honest or reliable, but I just saw it and wanted to share:
https://twitter.com/MiningSev0/status/894992713963253760
"You want to mine some #BCC #BCH #BitcoinCash ? I've setup a #P2Pool Node: http://31.214.242.111:5964 Just use your address as username 😊"
@MiningSev0 on twitter
submitted by WalterRothbard to btc [link] [comments]

5 Fun things and useful services you can contribute to the network if you run your own full node!

Our active node count just above 500 nodes, which while the 4th most nodes for a crypto (behind bit, dash and lite) still seems pretty low given the size of our community. So I thought I'd make this little post to show some cool things to do with a node rather than just leave it sitting there running.
A note about security - you are broadcasting your IP to the entire cryptocurrency world when you run a node. It is essential that you run on an uncompromised computer kept free of malware, keyloggers and viruses. It is essential that you encrypt your wallet.dat with a very strong password (>16 chars, numbers and symbols). I would recommend not keeping too much in your wallet, keep most of it stored securely in an offline address.
submitted by peoplma to dogecoin [link] [comments]

While DDOSing my pool, check out what this asshole sent me

So I run blisterpool.com (simple p2pool node + layer of bonuses), and this asshole decides to try to extort 2btc from me. My node has been under a ddos attack for about 2-3 hours now.
I get an email to all my addresses, and then finally a message on bitcointalk a few minutes ago. Copy/pasta of message:
DD4BC Newbie * Online Online
Activity: 1
View Profile Personal Message (Online) Trust: -11: -2 / +0(0) Warning: Trade with extreme caution! HELLO? « Sent to: Hunterbunter on: Today at 04:02:32 PM » Reply with quoteQuote ReplyReply Remove this messageDelete Hello
Your mining server is extremely vulnerable to ddos attacks
I want to offer you info how to properly setup your protection, so that you can't be ddosed, at >least not with so little power. My price is 2 Bitcoin only.
Right now I'm running small (very small) attack which will not crash your server, but you should >notice it in logs. Just check it.
If I increase the attack size, I could completely crash, it would drop all connections and damage >would be big... Don't worry, I will not do it. Smiley
I want to offer you info on how I did it and what you have to do to prevent it. If interested pay me 2 BTC to 17aLGgw8AwJdqiBtMMG1QtQJgNQQkiyEsp
Thank you.
It's a shame for him that I can just shut the server down for a while and join one of the hundred other public p2pool nodes out there.
submitted by Hunterbunter to BitcoinMining [link] [comments]

P2Pool the Best mining pool  Our Holding Status  CM Daily Report: Ep 5 GlobalBoost-Y p2pool.e-pool.net bitcoin How mining Jak kopać GlobalBoost-Y Poradnik Tutorial Guide P2Pool Litecoin Nodes Slushs pool mining tutorial - cgminer worker setup - YouTube Vertcoin (VTC) P2Pool setup guide for Windows

Hi Shibes, I've had a hell of a time setting up a local p2pool but finally got it working. Everything installed has to be 3 … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. User account menu. 35. How to setup p2pool locally (Windows) Close. 35. Posted by. AMD miner. 6 years ago. Archived. How to setup p2pool locally (Windows) Hi ... The other communication is for checking the payout address is OK, and publishing newly found blocks to the bitcoin network. Store and track p2pool shares. We need to track what shares have been published by us and other users. We need this as to calculate the block generation transaction we need to know who created the previous 8640 shares (fewer if blocks being created in less than 8 hours ... Bitcoin is pretty deep and you can learn a lot from mining it. You will be exposed to it. Once you start doing it you will try to refine your approach and hence will become more familiar with it’s workings which I won’t go into much here. There are a ton of good videos on youtube for that. The focus here mainly is mining bitcoins with p2pool. I am not sure what the usage would cost for a ... The other communication is for checking the payout address is OK, and publishing newly found blocks to the bitcoin network. Store and track p2pool shares. We need to track what shares have been published by us and other users. We need this as to calculate the block generation transaction we need to know who created the previous 8640 shares (fewer if blocks being created in less than 8 hours ... What Is P2Pool? Think of P2Pool as a mining pool, for Bitcoin, Litecoin, Vertcoin, and other crypto-currencies… Just, with a twist. People can create nodes, which are pretty much sub-pools. This allows people with small Read more…

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P2Pool the Best mining pool Our Holding Status CM Daily Report: Ep 5

p2pool node setup with merged mining - Duration: 12:42. Kiefff RC 2,904 views. 12:42. ... Bitcoin Tutorial #40 - P2Pool - Duration: 5:52. The Morpheus Tutorials 722 views. 5:52. Top 5 MIND BLOWING ... p2pool node setup with merged mining - Duration: 12 ... BitCoin For Beginners - POOLS - Top 3 Mining Pools - Trading and Exchanging - Part 3 1/2 - Duration: 8:23. MrJayBusch 185,945 views. 8:23 ... Slushs pool is the best mining pool right now. This mining tutorial will demonstrate slushs pool mining with cgminer and setup a worker. #slushspool #miningp... 👉 https://goo.gl/ZFCRPN - регистрация на бирже, 👉 https://goo.gl/bcCeey - наш телеграм канал с новостями ... GlobalBoost-Y p2pool.e-pool.net bitcoin How mining Jak kopać GlobalBoost-Y Poradnik Tutorial Guide ... Vertcoin (VTC) P2Pool setup guide for Windows - Duration: 4:05. Paul Georgiou 12,603 views ...

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