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Author Topic: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record  (Read 662628 times)
cinnamon_carter
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June 26, 2014, 11:13:45 PM
 #3301

dont be so sure riecoin cannot be valuable in the long run and used by mainstream people

i have a question, from research i notice ypool hits almost every block

we have all heard the drama over gigahashio and bitcoin and the stories of block witholding attacks against other pools

can someone tell me how that is not an issue here ?

not only is it one pool it is closed source,

i would not run anything closed source ever, anyone who does should reconsider


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gatra
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June 27, 2014, 02:03:23 AM
 #3302

dont be so sure riecoin cannot be valuable in the long run and used by mainstream people

i have a question, from research i notice ypool hits almost every block

we have all heard the drama over gigahashio and bitcoin and the stories of block witholding attacks against other pools

can someone tell me how that is not an issue here ?

not only is it one pool it is closed source,

i would not run anything closed source ever, anyone who does should reconsider



yep, you bring up very good points, but:

block witholding hasn't been reported for riecoin, it hasn't been an issue probably because it's an expensive attack.
ypool being closed source is not a problem because even if the pool's backend is closed, the miners are open source, so no issue there. Even if the backend were open sourced, you can never know what software is the pool running, so in that sense it's ok: no need for miners to reconsider using their open source mining software. Also, the operators of ypool are very capable and have been honest so far (afaik).

There is open source pool server code but it works using the stratum protocol while the most optimized miners use xpt, so nobody uses stratum pools.

Centralizaction is not good and in fact ypool had some downtime this week and it impacted us by lowering the difficulty a little bit. We haven't deployed a big PR campaing for RIC because of that: we want to have many pools before going forward, and it's been my priority for some time. I diverged from it to release new clients only because there were security fixes for openssl.

tl,dr: it is an issue but not that bad, miners are open source and we are working on the rest.

BTW Gatra, any news after you release 0.9.2? update Thursday here once again!

Today, I worked on my "real life" job during the morning but spent the afternoon adding stratum support to dga's b15 miner. Almost there! There are at least 2 more pools ready to go after this is ready.

cheers!
gatra


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June 27, 2014, 02:06:04 AM
 #3303

Take RIC for what it is, a very valuable experiment.


Crypto as a whole is moving forward.

RIC is still valuable. Any crypto with improvements and active dev. is a good crypto.

I agree, but this truly has no chance of being adopted by the public (like 99% of alts) but nonetheless has provided a few unique concepts that can help us move along as a community.

I would contest with this. Many argued that Darkcoin would not be adopted by the public but its in the top 10 right now. Dogecoin was a shocker but it is also top 10 right now.

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June 27, 2014, 02:41:24 AM
 #3304

Take RIC for what it is, a very valuable experiment.


Crypto as a whole is moving forward.

RIC is still valuable. Any crypto with improvements and active dev. is a good crypto.

I agree, but this truly has no chance of being adopted by the public (like 99% of alts) but nonetheless has provided a few unique concepts that can help us move along as a community.

I would contest with this. Many argued that Darkcoin would not be adopted by the public but its in the top 10 right now. Dogecoin was a shocker but it is also top 10 right now.

Yes, strictly speaking, bitcoin was not adopted by the public either. What I consider "the public" may have heard about bitcoin, but doesn't know what it is. So any altcoin has a chance. And I'm willing to take this as far as I can!

I see more long term potential in RIC than in DRK or DOGE (which I think will eventually die). However I cannot be trusted on this: when I first read about bitcoin 3 years ago I thought it was a nice experiment without real potential, and I failed to investigate deeper and mine or invest in it, which would have made me a millionaire by now.


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June 27, 2014, 10:20:48 PM
 #3305

the developer just responded to me (which i appreciate) and others outling what he is doing next and working on , what more do you want ?

any new plans for the coin?

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June 30, 2014, 03:43:54 PM
 #3306

Would be nice to implement stratum compatibility directly into the wallet..
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June 30, 2014, 08:30:56 PM
 #3307

Should that be our next move Gatra?
Would be nice to implement stratum compatibility directly into the wallet..

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July 01, 2014, 01:38:08 AM
 #3308

Should that be our next move Gatra?
Would be nice to implement stratum compatibility directly into the wallet..

it's a posibility, yes. I've been thinking about this and I found no other coin has it. There should be an option to restrict ip, use SSL, and everything like the rpc port has, in order to avoid opening a new attack vector.


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July 02, 2014, 08:41:55 PM
 #3309

This is really good coin but needs some marketing and community.
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July 02, 2014, 10:10:53 PM
 #3310

Should that be our next move Gatra?
Would be nice to implement stratum compatibility directly into the wallet..

it's a posibility, yes. I've been thinking about this and I found no other coin has it. There should be an option to restrict ip, use SSL, and everything like the rpc port has, in order to avoid opening a new attack vector.

re-thinking that, we already have getblocktemplate and blocknotify which replace the stratum functionality... maybe we could just add long-polling to getblocktemplate. I'll investigate this possibility, I think there's a standard for long polling in gbt bitcoin does not implement it.


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July 03, 2014, 02:21:20 PM
 #3311

Should that be our next move Gatra?
Would be nice to implement stratum compatibility directly into the wallet..

it's a posibility, yes. I've been thinking about this and I found no other coin has it. There should be an option to restrict ip, use SSL, and everything like the rpc port has, in order to avoid opening a new attack vector.

re-thinking that, we already have getblocktemplate and blocknotify which replace the stratum functionality... maybe we could just add long-polling to getblocktemplate. I'll investigate this possibility, I think there's a standard for long polling in gbt bitcoin does not implement it.

What about a stratum to getblocktemplate proxy ? Is it even doable ? I'd love to solo most of the coins i mine, without running a full private pool. Would it be possible to code a stratum to getblocktemplate proxy so i can point my stratum miners to the proxy which is directly connected to the coin wallet ?
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July 04, 2014, 03:49:53 AM
 #3312

Any update this Thursday Gatra?

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July 04, 2014, 05:55:15 AM
 #3313

I may abandon riecoin mining for now since I find it impossible to hit a block (I have never hit one) and  there is no other alternative to solo mining since the other pools on the op are dead links or unactive (on my vpn and via tor) --- keep in mind I refuse to have anything to do with ypool.

I have never even set up pools for the coins i have developed myself or participated in developing and I am half thinking about setting up one for riecoin but then I don't believe anyone may join me since the hold ypool has is so strong.  If they ever get competition it might get interesting to see what would go on but that is just pure speculation on my part.

I do admire the design of this coin and the source code is very well written.  Much better than prime coin for many many reasons. I also admire the work that had to go in to putting this on the 9.2 platform. Just 2 weeks ago I finally got round to looking over the 9.x bitcoin platform source and compiling it for windows and it is quite a leap I think from 8.x .... I am still looking through it as I have time and the dev. here obviously is a pro to get this working on that.

I think since memory coin dev. team seems to be coming around with some new developments even though I consider the voting stuff with that coin a basic scam my cpu mining is going to go that direction with the normal 10-20 hours a week of good old forgotten simple inflation coin mining. (the russian thread is actually still active)

I will continue to check in here for developments or changes to Riecoin.

It is currently 'centralized' from the angle I see (even if ypool is honest) I am not saying they are not...... but originally one thing discussed a long time ago was that if Sunny K's team ever turned on the centralized checkpointing in primecoin they  could double spend at will.  This is not as grave as that but when almost all blocks are being hit by one gang I think it a hurdle to overcome before this project can move ahead. 

Riecoin has great potential but until any coins blockchain can build trust (a key element of which is no one pool controls so much of the hash power) it is a challenge to overcome.  The project is still pretty new so hopefully these things will come in time.

To consider the future it should be possible to mine riecoin with cudaminer and a gpu although I am far from an expert at cuda miner from the brief research I did and limited personal knowledge about it I think there now exists software that can handle the long numbers but what kind of performance you would get is a big question mark.

I will say I have studied the riecoin blockchain to see evidence if anyone has a 'gun' and is mining it .... no evidence of that visible at all.

Most problems have solutions , some take longer than others. The Riemann zeta function published in the mid 19th century still has had progress made in the late 20th century.......



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July 04, 2014, 07:29:35 AM
 #3314

No small thoughts ! Wink
You are right in many ways, and I agree with you.
My impression is that Gatra published some sources of a pool,
I wanted to test and connect reasonable resources,
but short of time, and leaving for mountain trip now.

diff still around its long time lows, trust in probability and stay
( and use DGA's miner ).

good luck to everybody !

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July 04, 2014, 12:58:26 PM
 #3315

hi! sorry I'm late for Thursday's update, been very busy.

thanks for the kind words and I'm sorry to keep losing miners... riecoin really takes a lot of my time
As mentioned earlier, pool code that supports stratum protocol has been published but the fastest miners that people use run the xpt protocol. So I'm working in adding stratum support to dga's miner, which is currently connecting to my pool but giving results like this:

Code:
[00:00:32] 2ch/s: 0.0000 3ch/s: 0.0000 4ch/s: 0.0000 Shares total: 0 / 0
[00:00:40] 2ch/s: 0.0000 3ch/s: 0.0000 4ch/s: 0.0000 Shares total: 0 / 0
[00:00:48] 2ch/s: 0.0000 3ch/s: 0.0000 4ch/s: 0.0000 Shares total: 0 / 0
[00:00:56] 2ch/s: 0.0000 3ch/s: 0.0000 4ch/s: 0.0000 Shares total: 0 / 0

still debugging...


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voingiappone
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July 04, 2014, 01:25:02 PM
 #3316

I'm sorry to keep losing miners...
Dude... I'm not going anywhere... I'll keep mining this coin as long as it will mine-able. You'll have to shut down the servers for taking down my miners. Grin

Keep up the good work!
gatra
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July 04, 2014, 06:22:24 PM
 #3317

I'm sorry to keep losing miners...
Dude... I'm not going anywhere... I'll keep mining this coin as long as it will mine-able. You'll have to shut down the servers for taking down my miners. Grin

Keep up the good work!

yeah! that's the attitude Smiley


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.flixxo   
IMJim
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July 05, 2014, 01:58:22 AM
 #3318

Can I currently mine this coin with an AMD 8150 8 core 3.6 ghz processor, or better question.......will it be worth my time with this processor?

If so, what is best way to do and how?  I see the optimized CPU miner listed in the OP but did not see any instructions on setup.

Thanks!
Richard213
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July 05, 2014, 02:18:04 AM
 #3319

good coin looking so far
will watch this coin develop for a while  Smiley
northranger79510
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Riecoin and Huntercoin to rule all!


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July 05, 2014, 04:55:45 AM
 #3320

I will never abandon this coin. I chose this coin because of its potential. Good news is that I will be finish with work by the end of next week and can focus mostly on Riecoin

Huntercoin: H9kttkrQidiQMG9NibmTgjgCKqWJMAkAXD
Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
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