Spidersbox

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Spidersbox last won the day on June 24

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About Spidersbox

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    Litebar / Bitbar / BitcoinFast Developer

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  1. there is a nice write up of Bitbar at http://coinbrakers.weebly.com/bitbar.html Let's think of some more ways of getting exposure :) I'm currently working on adding PoS to litebar to help with keeping the chain moving. The profit switching pools are playing havoc with the difficulty.
  2. I've added Kimoto Gravity Well for difficulty adjustments. It should work much better (just about anything will work better than it is now) I still have to test if for several days to make sure the switch works correctly, and the affects are positive.
  3. just a reminder: after block 417,000 pow reward will drop to 1.75 LCP
  4. I agree, the difficulty should be going down each time a block is found - over the 60 second block time. that's the way it is suppose to work. That is why I am suspicious of the difficulty adjustments. I've been watching the pos difficulty - and it hasn't come back down either. The wallet is suppose to adjust both up and down to try and keep the block times as close to 60 seconds as possible. I'm thinking the down part isn't working correctly. More work for me to do ...
  5. on the other hand, maybe the difficulty adjustment is messed up - affecting both pos and pow - just a happy thought ... I will be looking into that. maybe adding dark gravity well for difficulty adjustments.
  6. I wonder if this is the reason the old dev moved on ... anyway, the difficulty is tied to the hashrate. Unfortunately, there isn't any 'live' reporting of hashrate. it is figured by taking the last x many blocks and averaging them. If you did it with a timer - you would still get the same thing - a pool would switch to a different coin for a while, then when the difficulty dropped back down to where you could mine - they would jump back on, mine 10 or 20 blocks until the difficulty got high again - then switch to something else. I'm hoping the PoS will work it's self out soon, if not - I will have to make some changes and the will require a fork. I don't like forks, but it is better than a swap. Cryptopia delists the old coin, and you have to pay to get the new coin listed when you do a swap.
  7. You hit the nail on the head. hear is a quote from another crypto: It is an escalating problem that a lot of the smaller crypto's will be facing, specially the PoW only crypto's. And it will only be getting worse. bigger better mining equipment means more 'jumping' around. In litebar's case, I will be adding a small amount of PoS to help keep the chain moving. In the case of BitcoinFast - the PoS is severely backed up. Seems that when you encrypted/locked the wallet - there was no way of unlocking it for staking - for over a year! One of the first things I did when I took over the coin was to add the ability to unlock for staking. Now there are huge amounts of eligible blocks, with super old ageweight fighting to stake. The number one holder on the rich list has almost 3 million 'old' coins that have been gaining weight for over a year. The difficulty for staking is higher than the difficulty for mining! it's going to take months for the backlog of 'old' coins to work their way through.
  8. updated wallet is now read to download. - it's is an optional update. version 0.7.5.1 Fixed the unlock to stake only, it use to let you send coins when it was set to unlock for stake only - now you have to put your password in. also made zapwallettxes available to rpc calls - you can run it from the command line if you are using bitbard (linux stuff) Also updated the version information so the wallet version matches the client version (it shows client version in network connections in the explorer) also have a recent bootstrap file. to use it - unzip it in the directory where your BitBar wallet.dat file is and start the wallet. the links can be found at http://bitbar.co (or click the logo in your wallet) under the status tab. or at http://altcoinwarz.com and click on the BitBar logo or use this link https://drive.google.com/open?id=0B1cnD3W8c0jtUVZKMnhYN01YVHM and remember - BitBar is in the voting section at c-cex https://c-cex.com/?id=vote
  9. Welcome BitBar is a cryptocurrency designed to be extremely rare and thus hold a larger store of value per unit than conventional cryptocurrencies such as Bitcoin Bitbar is was designed to be a storage of wealth in the same way Bitcoin is, however with the addition of Proof of Stake another level of Security was added. This mechanism gives users who don't have access to specific mining hardware the ability secure the network as a shareholder by staking, while generating rewards at a level of inflation to mimic the real world. SPECIFICATIONS Genesis Date May 2, 2013 Algo: Scrypt Proof of Stake and Proof of Work Transaction time: 10 minutes Supply: 500,000 bars RPC Port: 9344 P2P Port: 8777 POS INFORMATION Interest rate 5% annually Minimum age 30 hours Maximum age 90 days * Sample configuration file BitBar.conf Code: rpcuser=username rpcpassword=password addnode= *addnode is not needed
  10. miners: I can't keep up with you guys any more - you just have too much hash for me. I've turned fees back on ( I had them off when small time miners were working) I've also adjusted the variable work difficulty up a bit to slow down the network traffic. You will still be finding the same number of blocks, it just skips the smaller 'answers' for your work. *your miners try to figure an answer for the block - the small answers are skipped - the higher the difficulty - the harder the 'question' is, and the 'bigger' the answer is. very simplistic explanation - I hope it makes sense :) p.s. I do want to thank the miners who volunteered to make donations it is appreciated!
  11. wallet update version 3.0.1.1 github is updated windows-qt wallet ready for download links can be found in opening message of this thread, or on the web site at http://LitecoinPlus.co ------------- Updates include: fixed unlock wallet for staking - you were still able to transfer coins without entering a password. now you have to enter your password. added checkwallet added repairwallet added zapwallettxes
  12. wallet update version 2.0.2.1 github is updated windows-qt wallet ready for download links can be found in opening message of this thread, or on the web site at http://bitcoinfast.co under the status tab. ------------- Updates include: fixed unlock wallet for staking - you were still able to transfer coins without entering a password. now you have to enter your password. added checkwallet added repairwallet added zapwallettxes
  13. Added proof of work, and corrected PoS to 15% Also changed exchange ticket to LCP (someone scampered off with XLC) Now trading on NovaExchange https://novaexchange.com/market/BTC_LCP/
  14. LitecoinPlus - Genesis date: May, 11 2014 ____________________________________________________________ LITECOINPLUS LCP It's began as Scrypt PoS 221,400 coins and 15% Annual Stake! It's been updated to Scrypt Hybrid PoW/PoS Proof of Work was added back in with a block reward starting at 2 LCP and reducing by .25 LCP every 200,000 blocks until it reaches .25 LCP then it will remain at .25 LCP LitecoinPlus is the silver to Bitcoinplus's gold. Due to the low coin supply, both coins would be considered crypto commodities and are a valuable storage for wealth. LitecoinPlus has four times the supply of BitcoinPlus with faster transactions. In comparison to Litecoin, LitecoinPlus uses an advanced green algorithm called Proof of Stake which is not computing intensive. This will ensure LitecoinPlus's future as a powerful next generation commodity. SPECIFICATIONS Algo: Scrypt Proof of Stake Transaction time: 30 seconds Supply: 4,000,000 coins RPC Port: 44350 P2P Port: 44351 POS INFORMATION Interest rate (15% annually) Minimum age (6 hours) Maximum age (30 days) Explorer http://lcp.Altcoinwarz.com BitcoinTalk https://bitcointalk.org/index.php?topic=2160325.0 Github https://github.com/Crypto-Currency/litecoinplus Windows-QT google drive * Sample configuration file LitecoinPlus.conf Code: rpcuser=username rpcpassword=password rpcallowip=127.0.0.1 rpcport=44350 port=44351 gen=0 server=1 addnode= date of rebirth 06/28/2017 old thread for history https://cryptocurrencytalk.com/topic/12757-litecoinplus-xlc-information/#comment-394348