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Author Topic: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record  (Read 665624 times)
DenisZabar
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November 27, 2017, 07:11:40 PM
 #5221

I like this coin but the project seems dead... Website and wallet never have been updated since years. Sub Reddit is dead as well, filled with unrelated ads (account hacked?), Facebook dead since 2014, virtually nothing on Twitter (recently just a tweet of a Forbes article containing a mere mention of Riecoin and to inform that Poloniex fixed their Riecoin wallet)
They could at least upgrade the wallet so it integrates the latest Xptminer for efficient solo mining, and syncs automatically without having to add manually nodes.
There is no reason for hype, I think that this is just usual Pump & Dump and expect that this coin will return again to 600-1000 satoshies range, especially if Bitcoin continues to rise.

Unless if this changes, $1 or 10000 satoshies is just impossible now, and this project was never meant to be profitable.
I actually like this project with the concept of mining math and not useless hashes, and that CPUs can be used. This project deserves more interest, even more than clones like Bitcoin Cash or coins like Dogecoin.
But devs, please do some work to update your software and social media, and to promote the project so more people will join and help beating new records of prime sextuplets!
This has so much potential

Quote from: DenisZabar
Cant download blockchain. Can anyone post list of active nodes?  Thanks

Try adding these nodes from https://chainz.cryptoid.info/ric/#!network:

addnode=104.35.108.89
addnode=113.221.45.223
addnode=113.79.15.69
addnode=113.81.196.75
addnode=113.81.197.55
addnode=128.250.0.44
addnode=128.250.0.61
addnode=130.225.165.35
addnode=142.4.211.59
addnode=142.44.210.106
addnode=144.217.15.39
addnode=145.239.30.165
addnode=163.172.85.213
addnode=172.104.94.13
addnode=173.239.222.7
addnode=174.16.103.191
addnode=185.50.213.122
addnode=195.136.74.237
addnode=198.251.83.216
addnode=198.251.84.199
addnode=198.251.84.221
addnode=198.251.89.21
addnode=199.126.33.5
addnode=212.164.238.14
addnode=212.225.166.189
addnode=212.50.113.120
addnode=217.182.76.201
addnode=217.79.67.239
addnode=37.59.143.10
addnode=46.105.29.136
addnode=5.9.39.9
addnode=51.254.45.117
addnode=51.255.207.142
addnode=61.135.194.49
addnode=68.202.137.100
addnode=70.127.233.181
addnode=73.54.237.29
addnode=83.235.191.63
addnode=84.194.34.233
addnode=84.245.14.234
addnode=85.167.241.89
addnode=86.22.231.135
addnode=91.134.182.43
addnode=92.87.20.138
addnode=93.174.93.71

I don't understand how them mining process works, i know is Proof of Work based but couldn't find out what is the difference between this coin and BTC? Can anyone explain in simple words?

With very simple words:
BTC: mine bitcoins by searching for hashes that begins with enough zeroes. More difficulty => hash must begin with more zeroes (be smaller). This is essentially a pure lottery because hashes generated are random, with odd of winning being smaller as difficulty rises
RIC: mine riecoins by searching for a number p, such that p is prime, and p+4, p+6, p+10, p+12, p+16 too (p is then the first prime of a prime sextuplet). p must also have a size that corresponds to the current difficulty (not too small and not too big), so more miners => more difficulty => greater prime sextuplets
We don't know if there are infinite prime sextuplets so if the difficulty ever becomes so high that nobody can find blocks anymore, then we could suppose that there is actually a finite number of prime sextuplets (very hypothetical example, I know, but hope that it helps to understand why the project could be useful)

Thanks for nodes it worked.  Downloading blockchain now Smiley As i can see wallet is old 3 years and there is no new development. Why price is rising now?

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November 27, 2017, 09:45:49 PM
 #5222

Thanks fro nodes it worked.  Downloading blockchain now Smiley As i can see wallet is old 3 years and there is no new development. Why price is rising now?

Sometimes, someone from nowhere buys for no real reason a huge amount of riecoins, and because there is no much volume, buying relatively small amount of Riecoin can easily increase very much the price (or decrease if selling instead of buying). Or maybe it is market manipulation...

If someones sells just for 100 BTC of Riecoin now, the price would crash to 1100 satoshies (-55%), and if someones buy for 50 BTC of Riecoin now, he would increase the price to 4000 satoshies (+65%).
Do the same with say ETH and the price will just change like +/- 2%...

I have even seen sometimes that even just 5 BTC would have crashed or increased the price of at least 50%, because this market is so little

So tldr: there is absolutely no reason for price increase now

Very interesting explanation, why there is no reason for the price rise. Its crazy how easy it still is to manipulate prices in crypto. I hope that 2018 we will reach a big enough market that it wont be that easy anymore on smaller coins.
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November 27, 2017, 09:52:27 PM
Last edit: November 27, 2017, 11:49:52 PM by ziiip
 #5223

There is a torrent of the chainstate to block 760089 if anyone doesn't feel like waiting for the sync

magnet:?xt=urn:btih:4589cf1314c6f985c15e6703c7e42ff8248e82a1

Riecoin halvening is coming up soon, i would expect a price rise before or after halvening

Also for those of you complaining about an old wallet. The dev is still around but this is a non-profit project aimed at finding interesting prime number constellations.

The Riecoin project doesn't get any funding other than donations. Please have some respect for the project as it has generated some interesting data for the scientific community over the years.
cheers

Riecoin Pool http://uBlock.it/
ziiip
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November 28, 2017, 12:14:41 AM
 #5224

Funding or not, he could just take a little time to copy and adapt the Xptminer code into the wallet to allow easy efficient solo mining and include current nodes in the code so we don't have find them manually, then release a public official executable on sourceforge...

Someone who installs the wallet, then sees that it is not syncing at all will likely just think that the software is crap and so is the Riecoin project.
And when you see that there were no updates since so long, it questions the viability of the project... Why use/mine Riecoin if it is virtually abandoned by the founder?
This project makes sense only if more people are getting interested, increasing the difficulty and the odds of finding interesting new properties. More interested devs trying to find new algorithms for the miner. Else we would continue to mine at constant difficulties with the wheel factorization and find just a bunch of sextuplets...


I agree that we need an updated node with working seed nodes and some improvements from the newer codebase.

However, i don't think having xptminer built into the wallet implementation would help all that much as it's easy to mine riecoin with the many pools available.
In recent months the Riecoin network has become far more robust that it used to be.

Riecoin Pool http://uBlock.it/
ziiip
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November 28, 2017, 03:10:35 AM
 #5225

You are right too

I am actually able to mine approx 2-3 blocks each week with just 1 cpu and I find that getting directly the 50 RIC reward to the wallet is somewhat gratifying, instead of just working for a pool and getting paid. Then I can say more easily: "Yeaaah, I am the one who found this prime cluster"!  So I would really like to be able to do pure and efficient solomining easily, but I am not a programmer.
Yeah, there is Xpoolx but we must anyway use the pool so this is not independent mining.

I found 58 blocks but earned only 695 RIC instead of 2900 RIC on Riepool. Although I really don't mind about profit (I mine mostly for fun and just use the unused resources of my main computer), this shows that solo mining is also more profitable than pooled.
If someone could adapt Xptminer so it supports solomining, I would really be grateful.

Yeah you haven't tried uBlock.it yet, other members can vouch that it's far more profitable than any other pool. PM me for invite if you'd like to try it out  Cool

Riecoin Pool http://uBlock.it/
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November 28, 2017, 04:28:10 AM
 #5226

other members can vouch that it's far more profitable than any other pool

I am one such member, FWIW.

So far on ublock, my miners have found 4,080 RIC's worth of blocks and I have earned 4,072 RIC. Doesn't get much more bang-on than that. Another pool I tried paid me out at a much lower proportion relative to the coins my miners generated.

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November 28, 2017, 04:39:47 AM
 #5227

Can anyone in a nutshell explain why the price exploded and is it still worth buying or should I rather wait?
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November 28, 2017, 10:21:30 AM
 #5228

Can anyone in a nutshell explain why the price exploded and is it still worth buying or should I rather wait?

My advice would be to keep an eye on the blockchain for large transfers to known exchanges and keep an eye on AEX.com which appears to have added a RIC/BTC pair around the same time the pump started.

I have not tested AEX.com so I have no idea if they are legit.

Riecoin Pool http://uBlock.it/
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November 28, 2017, 11:42:45 AM
 #5229

Can anyone in a nutshell explain why the price exploded and is it still worth buying or should I rather wait?

My advice would be to keep an eye on the blockchain for large transfers to known exchanges and keep an eye on AEX.com which appears to have added a RIC/BTC pair around the same time the pump started.

I have not tested AEX.com so I have no idea if they are legit.


AEX.com exchange is legit, is an exchange registered in the United Kingdom. As I heard (can't remember where) the owners of AEX.com exchange are the chinese from BTC38, but I'm not sure about it.
DenisZabar
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November 28, 2017, 12:48:31 PM
 #5230

You are right too

I am actually able to mine approx 2-3 blocks each week with just 1 cpu and I find that getting directly the 50 RIC reward to the wallet is somewhat gratifying, instead of just working for a pool and getting paid. Then I can say more easily: "Yeaaah, I am the one who found this prime cluster"!  So I would really like to be able to do pure and efficient solomining easily, but I am not a programmer.
Yeah, there is Xpoolx but we must anyway use the pool so this is not independent mining.

I found 58 blocks but earned only 695 RIC instead of 2900 RIC on Riepool. Although I really don't mind about profit (I mine mostly for fun and just use the unused resources of my main computer), this shows that solo mining is also more profitable than pooled.
If someone could adapt Xptminer so it supports solomining, I would really be grateful.

You know i just realized that there is a claymore xpm(prime coin) gpu miner and it could be easily adopted to mine RIA.

https://bitcointalk.to/index.php?topic=693680.0 i guess will need to rise a bounty Smiley

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November 28, 2017, 07:31:33 PM
 #5231

Where will I be able to buy/sell ur tokens after ICO?
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November 29, 2017, 02:15:52 AM
 #5232

Where will I be able to buy/sell ur tokens after ICO?

If you're thinking of flixxo you should check the page
https://bitcointalk.to/index.php?topic=2168758.0

Riecoin Pool http://uBlock.it/
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November 30, 2017, 08:41:12 AM
 #5233

You are right too

I am actually able to mine approx 2-3 blocks each week with just 1 cpu and I find that getting directly the 50 RIC reward to the wallet is somewhat gratifying, instead of just working for a pool and getting paid. Then I can say more easily: "Yeaaah, I am the one who found this prime cluster"!  So I would really like to be able to do pure and efficient solomining easily, but I am not a programmer.
Yeah, there is Xpoolx but we must anyway use the pool so this is not independent mining.

I found 58 blocks but earned only 695 RIC instead of 2900 RIC on Riepool. Although I really don't mind about profit (I mine mostly for fun and just use the unused resources of my main computer), this shows that solo mining is also more profitable than pooled.
If someone could adapt Xptminer so it supports solomining, I would really be grateful.

Hi man !!
Which CPU do you use for mining RIC ?

does any of the pools have a bonus for blockfinding ?? pool owners? anyone knows?

Bill Hicks was right about....everything
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December 01, 2017, 04:55:50 AM
Last edit: December 01, 2017, 07:11:06 AM by ziiip
 #5234

Solo miner appears to be releasing blocks between 5 and 10 minutes late, not to mention he has nearly 70% of the network hashrate.
This is not good for the network as the risk of mining orphans has greatly increased.
Real difficulty should be reflected much higher as solo miner has to sometimes waste work to do this Undecided

Edit: looks to be more stable now

Riecoin Pool http://uBlock.it/
Dead Things
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December 01, 2017, 05:01:33 AM
 #5235

That's the "All Others" group, though - how do you know it's a solo miner?

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December 01, 2017, 05:42:42 PM
 #5236

Can anyone in a nutshell explain why the price exploded and is it still worth buying or should I rather wait?

My advice would be to keep an eye on the blockchain for large transfers to known exchanges and keep an eye on AEX.com which appears to have added a RIC/BTC pair around the same time the pump started.

I have not tested AEX.com so I have no idea if they are legit.


I am not sure whether I understand your advice. Why would large transfers in this regard matter as you say?
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December 03, 2017, 02:17:53 AM
 #5237

With rises in price come rises in difficulty ... and new Riecoin records!

https://chainz.cryptoid.info/ric/halloffame.dws

https://chainz.cryptoid.info/ric/block.dws?789840.htm

<announcer voice>Congratulations to today's lucky contestant (miner)!</announcer>

But seriously, this is why I was happy putting work into the miner, even if real life has gotten in the way.

  -Dave

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December 03, 2017, 02:24:36 AM
 #5238

In the riecoin software and social media updates work suck, developers need an effort to promote the project to jump a step forward. I know we shouldn't abandon it, it's still hot and there's a potential for development, and the price is likely to break out at any time.
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December 03, 2017, 02:39:43 AM
 #5239

Hip hop hooray! Broke the 750 digit barrier!

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December 04, 2017, 12:07:22 AM
 #5240

Hip hop hooray! Broke the 750 digit barrier!

Awesome.

So, this exposes my lack of clue - who runs cryptoid.info, and do they want donations?  I love that they host the RIC top list.  (But, if course, if they're profitable I'd rather continue to ask people who use the miner to donate to Gatra.)

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