Cryptocoin Mining?

[T_Yamamoto]

I'm just going to flat out say this... YOU are the last person that should get into mining.

Yes, it will completely work with cudaminer.

No, it's not a lot of work. For the average person it takes about 30 seconds.

I've given you more than enough help to get it going. If you're too lazy to figure out how to take 10 minutes to google any gaps in the rest of what you need to know, well, you're on your own. See you in the next giveaway thread mooching it up.

I actually got it all figured out.

 

[thilanliyan]

Is AKC regular scrypt or do you need a modified cgminer like for Vertcoin?

 

[IEC]

Is AKC regular scrypt or do you need a modified cgminer like for Vertcoin?

==============Technical==============
Based On Litecoin - Scrypt
Total Nearly 900 Million Coin
40k Block Reward, Halves in 12k Block, Block Time: 2 min
6% chance for 100K block reward
.6% chance for 250K block reward
.06% chance for 500K block reward
Diff Retarget : 30 Block
Premine : 0

 

[IEC]

I'm ready to go for solo mining once password is released, but will probably point one rig towards Sunny's pool to hedge my bets.

 

[geokilla]

Pandacoin set to launch tonight! Same with Anti-Keiser-Coin! I think Pandacoin will succeed while AKC will fail. AKC is an obvious pump and dump. Pandacoin has Wolong backing it, who single handedly pushed DOGE to the moon. Of course, there's a chance that Wolong will dump all his DOGE tonight and DOGE will tank, but he'd lose all credibility and Pandacoin will fail as well in that case.

 

[nwo]

==============Technical==============
Based On Litecoin - Scrypt
Total Nearly 900 Million Coin
40k Block Reward, Halves in 12k Block, Block Time: 2 min
6% chance for 100K block reward
.6% chance for 250K block reward
.06% chance for 500K block reward
Diff Retarget : 30 Block
Premine : 0

Nice, that got me interested...

 

[T_Yamamoto]

Pandacoin set to launch tonight! Same with Anti-Keiser-Coin! I think Pandacoin will succeed while AKC will fail. AKC is an obvious pump and dump. Pandacoin has Wolong backing it, who single handedly pushed DOGE to the moon. Of course, there's a chance that Wolong will dump all his DOGE tonight and DOGE will tank, but he'd lose all credibility and Pandacoin will fail as well in that case.

Isn't Pandacoin supposed to launch sometime tomorrow? Valentines Day right?

 

[geokilla]

Isn't Pandacoin supposed to launch sometime tomorrow? Valentines Day right?

Already Feb 14 in China. Countdown timer.

Anyone know how to mine Pandacoin? Been asking for it on Bitcointalk. I do not want to spend hours trying to get it to work again like VTC last time..

 

[SunnyD]

Pandacoin set to launch tonight! Same with Anti-Keiser-Coin! I think Pandacoin will succeed while AKC will fail. AKC is an obvious pump and dump. Pandacoin has Wolong backing it, who single handedly pushed DOGE to the moon. Of course, there's a chance that Wolong will dump all his DOGE tonight and DOGE will tank, but he'd lose all credibility and Pandacoin will fail as well in that case.

You realize Wolong is a fictitious person right? A completely made up online persona who just exists to perpetuate pump&dumps. Wolong does not exist.

EVERYTHING about Pandacoin screams scamcoin. A 3% premine. An IPO on top of the premine. A changing story about both the premine and the IPO. The tie-in with "Wolong". A notorious scamcoin dev as the face of the coin. Pitching it on the coattails of Dogecoin which had absolutely NO premine. Saying there's going to be services and whatnot that this premine is supposed to fund, but then saying the premine went to the IPO investors. The spin with Pandacoin is out of control.

And that is precisely why it will more than likely succeed, at least in the short term. It is all too well marketed. Just like Maxcoin.

Anyway, while donations have been offered, and while it would likely be somewhat profitable as a pool operator to get in on Pandacoin, for me to get a pool up and running at this point in the game for Pandacoin would be rather cumbersome. I hypothetically COULD do it, but between the AKC launch and my personal schedule for the next 36 hours along with my personal feeling for the coin, it isn't really on my todo list.

 

[wand3r3r]

Pandacoin set to launch tonight! Same with Anti-Keiser-Coin! I think Pandacoin will succeed while AKC will fail. AKC is an obvious pump and dump. Pandacoin has Wolong backing it, who single handedly pushed DOGE to the moon. Of course, there's a chance that Wolong will dump all his DOGE tonight and DOGE will tank, but he'd lose all credibility and Pandacoin will fail as well in that case.

I don't buy the whole wolong single handedly did anything.

 

[Attic]

BTC continuing a steady fall. I expect that to continue and we'll have to test much lower. I typically just sell on a set schedule, but i'm tempted to try and hold out to time the thing. Been spanked enough doing that though, probably just stick to the plan.

You guys holding through this down trend? The volatility of most the alts makes BTC look like a safe haven.

A bit of an opening for the right alt coin, but jesus the rate at which alts are being released...

 

[x3sphere]

BTC continuing a steady fall. I expect that to continue and we'll have to test much lower. I typically just sell on a set schedule, but i'm tempted to try and hold out to time the thing. Been spanked enough doing that though, probably just stick to the plan.

You guys holding through this down trend? The volatility of most the alts makes BTC look like a safe haven.

A bit of an opening for the right alt coin, but jesus the rate at which alts are being released...

Holding. I expect it may go lower but don't want to risk a BTC loss if it bounces back up quick and I miss it.

The only alts I've seriously invested in are NXT and XCP, both seem to be holding their value despite this downtrend.

 

[T_Yamamoto]

T-Minus 1 hour 51 minutes till the launch of AKC

 

[KlokWyze]

Okay, so here's the latest on the AKC launch...

ASSUMING it goes off as planned and no surprises happen this time around, in about 5 hours from now the password for the Windows wallet will be given on twitter and the source for the wallet will be posted at the same time so that pools can compile and open up.

That means solo miners have a small window of opportunity to collect full blocks at low difficulty all to themselves before the pools come online and make them sad by driving up the difficulty.

Links of interest:
Countdown timer until official launch
"Official" Twitter where Password for Wallet is going to be announced
Link to Windows-QT Wallet zip file (Mega.co.nz - fair warning, I highly suggest virus scanning before using ANY wallet you download)

I will try to stay on top of the launch as best I can and have to stratum up as quickly as possible after the wallet source is posted. Generally it takes about 5 to 10 minutes to compile and configure a wallet and get the stratum up assuming there's no weird issues in building the wallet that I have to muscle through.

Good luck.

Thanks for the post. Also, just tried resetting my PW again and finally received the email. I'm sure it was hotmail blocking it. I'll attempt solo mining then join your pool after it's up depending, etc.

You realize Wolong is a fictitious person right? A completely made up online persona who just exists to perpetuate pump&dumps. Wolong does not exist.

EVERYTHING about Pandacoin screams scamcoin. A 3% premine. An IPO on top of the premine. A changing story about both the premine and the IPO. The tie-in with "Wolong". A notorious scamcoin dev as the face of the coin. Pitching it on the coattails of Dogecoin which had absolutely NO premine. Saying there's going to be services and whatnot that this premine is supposed to fund, but then saying the premine went to the IPO investors. The spin with Pandacoin is out of control.

And that is precisely why it will more than likely succeed, at least in the short term. It is all too well marketed. Just like Maxcoin.

Anyway, while donations have been offered, and while it would likely be somewhat profitable as a pool operator to get in on Pandacoin, for me to get a pool up and running at this point in the game for Pandacoin would be rather cumbersome. I hypothetically COULD do it, but between the AKC launch and my personal schedule for the next 36 hours along with my personal feeling for the coin, it isn't really on my todo list.

To be completely honest this coin will be more popular and more likely to be a successful pump and dump because of the Wolong name. It's all hype. Everyone even KNOWS this is a scam, but that's what people will go for. Especially as of late. I'll probably mine this one as well. We'll see. Wish one of my f&*king cards didn't break..... :'(

 

[SunnyD]

Thanks for the post. Also, just tried resetting my PW again and finally received the email. I'm sure it was hotmail blocking it. I'll attempt solo mining then join your pool after it's up depending, etc.



To be completely honest this coin will be more popular and more likely to be a successful pump and dump because of the Wolong name. It's all hype. Everyone even KNOWS this is a scam, but that's what people will go for. Especially as of late. I'll probably mine this one as well. We'll see. Wish one of my f&*king cards didn't break..... :'(

Glad it finally came through for you. It's a pain the the kiester to get a legitimate presence on the web these days.

And yes, I completely agree. Pandacoin will be ridiculously popular - as I said it is being marketed extremely well. There are already a TON of pools out there for it.

For what it's worth, apparently people are ALREADY selling the coin - presumably IPO shares (or just outright scamming people - on reddit and other places. And it hasn't even launched yet. Tell me how is that not a scamcoin if people can sell something that hasn't been launched.

 

[geokilla]

EVERYTHING about Pandacoin screams scamcoin. A 3% premine. An IPO on top of the premine. A changing story about both the premine and the IPO. The tie-in with "Wolong". A notorious scamcoin dev as the face of the coin. Pitching it on the coattails of Dogecoin which had absolutely NO premine. Saying there's going to be services and whatnot that this premine is supposed to fund, but then saying the premine went to the IPO investors. The spin with Pandacoin is out of control.

And that is precisely why it will more than likely succeed, at least in the short term. It is all too well marketed. Just like Maxcoin.

I don't see what's wrong with a 3% premine. Is it a bit too much? Maybe. But to me it doesn't matter because they cannot trade it for 6 months so if it is a huge scam and pump and dump as you say it is, this 3% premine used for the IPO and giveaways will be worthless since the coin will probably be dead long before the 6 months is up.

DOGE started off as a joke. If you think about it, it could have been considered a scam coin as well.

So you say Pandacoin is a scam, yet you're mining and setting up a pool for AKC, which is a more obvious scam? Um...

And yes, I completely agree. Pandacoin will be ridiculously popular - as I said it is being marketed extremely well. There are already a TON of pools out there for it.

For what it's worth, apparently people are ALREADY selling the coin - presumably IPO shares (or just outright scamming people - on reddit and other places. And it hasn't even launched yet. Tell me how is that not a scamcoin if people can sell something that hasn't been launched.

Marketing and having public support is very important nowadays. Otherwise it's just another alternative cryptocoin. Look at CAT. It's a huge disaster right now. FOX is better off but I stopped mining it because it was getting nowhere.

They're selling the dead pandacoin on Reddit. They should have chose a better name, so we'll see how things go.

 

[x3sphere]

Apparently Silk Road 2 had all of its BTC stolen, not sure how much or if this is even legitimate:

http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/

In other news, MaxCoin is rallying lol.

 

[taserbro]

Apparently Silk Road 2 had all of its BTC stolen, not sure how much or if this is even legitimate:

http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/

In other news, MaxCoin is rallying lol.

"Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability” to repeatedly withdraw coins from our system until it was completely empty."

Wait, what? That's not how malleability works or has ever worked.
I know nothing about this fellow or the extent of how gullible his cohort is but I can see a lot of relevant questions dodged and uncogent explanations presented in his/her near future.

 

[x3sphere]

"Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability” to repeatedly withdraw coins from our system until it was completely empty."

Wait, what? That's not how malleability works or has ever worked.
I know nothing about this fellow or the extent of how gullible his cohort is but I can see a lot of relevant questions dodged and uncogent explanations presented in his/her near future.

That's what made me question it too, so if they actually lost the BTC it is likely an inside job - one of the admins took it all and just blamed it on the malleability issue...

 

[Mark R]

"Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability” to repeatedly withdraw coins from our system until it was completely empty."

Wait, what? That's not how malleability works or has ever worked.

It can, if the sender's automatic transaction processing script relies on the TxID.

Script sends command to wallet telling it to send coins. Wallet returns TxID to script, so that status can be displayed to user.
Malleability attack means that coins are sent, and a new transaciton is created. Wallet syncs the new transaction.
Old transaction remains in transaction list, but is listed as failed.

Script queries wallet for status of transaction, and sees failed transaction. Permits user to resubmit transaction to teh wallet.

User repeats until wallet is empty.

It takes impressive incompetence by automating things which should have required manual intervention, but this type of bug is certainly possible. It also indicates not attempt to audit or monitor the operation of this system. Not actually that surprising for something that was built for minimal budget and in secrecy - you can't expect them to have hired the best programmers and experienced security consultants.

 

[Virge_]

So I'm a bit confused, the AKC dev just posted the source, but so far there isn't a download link to the wallet in the thread..

 

[thilanliyan]

So I'm a bit confused, the AKC dev just posted the source, but so far there isn't a download link to the wallet in the thread..

First post has the wallet download.

 

[T_Yamamoto]

So I'm a bit confused, the AKC dev just posted the source, but so far there isn't a download link to the wallet in the thread..

Not out yet. Have to wait for it.

 

[Erenhardt]

How long will we have to wait for pool to be running?

 

[JBT]

AKC wallet password %&qO</'71lX|MO'&euR=/'F8