2014-12-23

5 stars based on 43 reviews

Like bitcoin, it is limited to 21 million coins. Unlike bitcoin, Namecoin can store data within its own blockchain transaction database. The original proposal for Namecoin called for Namecoin to insert data into bitcoin's blockchain directly.

Namecoin's flagship use case is the censorship-resistant top level domain. A peer-to-peer network similar to bitcoin 's primecoin bitcointalk forums Namecoin's transactions, balances and issuance through SHAproof-of-work scheme they are issued when a small enough hash value is found, at which point a block is created; the process of finding these hashes and creating blocks is called mining. The issuing rate forms a geometric seriesand the rate halves everyblocks, roughly every four years, primecoin bitcointalk forums a final total of 21 million NMC.

Namecoins are currently traded primarily for USD and other cryptocurrencies, primecoin bitcointalk forums on online exchanges. To avoid the danger of chargebacksreversible transactions, such as those with credit cards or PayPal, are primecoin bitcointalk forums advised since Namecoin transactions are irreversible. Payments and records in the Namecoin network are made to addresseswhich are Base58 -encoded hashes of users' public keys. They are strings of 33 numbers and letters which begin with the letter N or M.

Initially addresses beginning with 1 existed but this was changed to avoid confusion with Bitcoin addresses. Each Namecoin record consists of a key and a value which can be up to bytes in size.

Each key is actually a path, with the namespace preceding the name of the record. The current fee for a record is 0. Namecoins used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant primecoin bitcointalk forums.

In Septembera discussion was started in the Bitcointalk forum about a hypothetical system called BitDNS and generalizing bitcoin. On block Namecoin activated the merged mining upgrade to allow mining of bitcoin and namecoin simultaneously, instead of having to choose between one or the other; this fixed the issue of miners jumping from one blockchain to another when the profitability becomes favorable in the former. Two years later, in JuneNameID was launched.

The main site itself is accompanied by an open protocol for password-less authentication with Namecoin identities, a corresponding free-software implementation and primecoin bitcointalk forums supporting extension for Firefox. In OctoberMichael Gronager, main developer of libcoin, [30] found a security issue in the Namecoin protocol, which allowed modifying foreign names.

It was successfully fixed in a short timeframe and was never exploited, except for bitcoin. In Februarya plug-in for Firefox compatible with Windows and LinuxFreeSpeechMe, was released, providing automatic resolution of. This is available by downloading the Namecoin blockchain and running it in the background. One primecoin bitcointalk forums later, in MarchOnename was released.

It is another identity system built on top of the Namecoin protocol that stores usernames and personal profile data in the Namecoin blockchain. Onename later in September switched user profiles from Namecoin to the Bitcoin blockchain, citing the higher hashrate of Bitcoin as the reason.

In MayKevin McCoy and Anil Dash introduced Monegraph, a system that links Twitter accounts and digital assets such as artwork in the blockchain, allowing proof of ownership of such assets.

Primecoin bitcointalk forums Wikipedia, the free encyclopedia. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article may rely excessively on sources too closely associated with the subjectpotentially preventing the primecoin bitcointalk forums from being verifiable and neutral. Please help improve it by replacing them with more appropriate citations to reliable, independent, third-party sources.

June Learn how and when to remove this template message. This article relies too much on references to primary sources. Primecoin bitcointalk forums improve this by adding secondary or tertiary sources. This article may contain improper references to self-published sources.

Please help improve it by removing references to unreliable sourceswhere they are used inappropriately. October Learn how primecoin bitcointalk forums when to remove this template message. Archived from the original on Interview on Alternative Currencies". Bitcoin's Revolution Moves Beyond Currency". Archived from the original on November 18, Retrieved 24 February Namecoin and Bitcoin will be The new anti-censorship and secure domain resolving Namecoin-based plug-in". Plans to Relinquish Remaining Control of Internet".

Proof-of-authority Proof-of-space Proof-of-stake proof-of-work. Primecoin bitcointalk forums Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. IO Gridcoin Nxt Waves. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency.

Anarchism portal Cryptography portal Economics portal Free software portal Internet portal Numismatics portal. Retrieved from " https: Views Read Edit View history. In other projects Wikimedia Commons. This page was last edited on 12 Mayat By using this site, primecoin bitcointalk forums agree to the Terms of Use and Privacy Policy. Wikimedia Commons has media related to Namecoin.

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With primecoin GPU miners finally being released, I am hoping for a surge in the popularity of this coin. I think I am going to get a couple cards mining this.

If I break even I will consider it worthwhile because it is a more innovative coin and deserves to be one of the better alts. I will post any results here. I see what they did there: I assume it's becasue you need a license no? Or is it just my internet again? I reserved a couple miners, but I am really having second thoughts. My 's are in two different rigs that are headless and I don't really want the hassle of maintaining multiple miners on remote machines.

Plus I don't know if I will ever earn back what they are charging for the miner. I think I am going to wait. I think that they will have to drop the price to sell many more. I wonder if they licensed ivan for a machine or each individual card as well.

I am also curious to watch the difficulty. I am aiming to break even on my initial investment, but hoping for more. I am not sure it is going to happen, but we shall see. I will update with results and numbers.

I am going to try it on x's because that is most convenient for me. I just checked and have already found a block. I hope I can get my initial purchase back before difficulty goes over Well if it keeps this up you should. Nice to see a GPU miner finally, but I'm not sure it's worth it for the smaller guys. Might take a while to ROI. I thought I posted about it, but I guess my phone ate it.

There is a ypool primeminer if anyone wants to try it. It was just announced today I think. There is discussion around page 20 of this thread. The primegpu guys are giving partial refunds and lowering the price for this to 35xpm.

Also purchase limit is removed. Looks like the big farms may get in on it. Watch for raising difficulty. Here is the mega link for it. Doesn't sound better than any other coin at the current value. I guess if people start mining maybe the value will go up and those that got in at 1. You'd need cards per rig for best results, or a few rigs pointed to one wallet as the server.

The ypool version is free I think. For x the I got a couple blocks today, but one is strange. It had a Also it wasn't a 10 chain. Primecoin client says it has blocks until confirmation, so it does have some confirms. Will it reject it after the blocks confirmation or do they usually show up as reject before that?

It was strange that it mined right as I restarted the client Hmmm, might be an orphan Spotted your user at btctalk: I thought you would have figured that out already, though, I never did come right out with it. I like solo mining, so I'm sticking to that Are you still running this on the free license you got Ivan? I still need to find 2 blocks before I have earned back my purchase price, but blocks have come well the last 24 hrs. So I am probably still behind if you count what I would have earned mining elsewhere for the last few days.

Hopefully a x improvement will come soon. Put'er back in, you are essentially solo mining XPM with that miner. Yes you are solo mining. I would run the for xpm. The miner is tuned for the When solo mining you have to wait longer for blocks, but the payout is a whole block, which is about 9 xpm. Did you pay for the license, and how many GPUs did you pay to run? It covers one gpu, you can change it to the x for free, just create a new hardware ID and send it to the developer.

I'd reccomend mining with both cards to find blocks, otherwise it'll take much longer with just one Then run it, and run the prime-gpu client. Let it mine for a while, and check the Block counter in the server. I'd reccomend getting a second license for the x and mining like that, otherwise solo mining will be slow.

Ok, the devs are working on a private pool for guys like you. Ask them to renew the license based on the new hardware ID you'll get when you run the x. It's a LOT faster at xpm with this miner. I have more than recovered the cost of the miner, as long as all of my mined blocks mature. I think that profitability will be ok for this, though difficulty is rising. I got 37 xpm after 4 days mining with 2 cards and never even mined for more than 16hs straight.

Just have the primecoin. Wait for a block and that's about it. First time you run it it'll generate a username and pw for the primecoin. I used that one, not sure if necessary though. You can check the balance without closing the miner using "primecoind listtransactions" or "primecoind getbalance" using command prompt. I think, by memory.

Supercomputing, another more well known dev has an nvidia miner already and will release his by the 1st of July. Solo will earn just as much as pool, you just have to make sure it is running right. On solo you will earn a block at a time, which is about 9xpm. It's worth it though, rewards are much larger than a pool. You have a x no? I'd solo with it. I think you should find about one block per day with a single x, but it will go down as difficulty goes up. Ihavent found one today either.

I have 3 x running it. It all averages out when on solo though, you are relying on luck, but luck should even out if you do it long enough. What is your cpd and time numbers at? Found 2 ch today, one block last night, and four blocks before that in 3 or 4 days. Will probably find one or two in a few hours. Give it time, it might take a few more hours, but if you mine for a week non stop you'll probably get at least blocks. I looked at a calculator the other day, I think it said that Where did i see the calculator for profitability?

Total xpm so far: I assume you are holding planning for xpm to go up? That's pretty decent overall quick math 72x0. Yup, something like that I sold a few coins since I needed money for the rent, but the rest I'm holding, same as my vtc and some doge. You can try cpuusage from 1 to Overclocking my once pitiful i to 3.

Yeah, no cpu coins out there Not sure if it is just a luck thing, but I seem to be getting better results with 8 CPU usage instead of 9.