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post #21 of 39
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Quote:
Originally Posted by superericla View Post

Quote:
Originally Posted by Hokies83 View Post

I want to see a OCN Master Pool running all Coins wink.gif
I might be able to set something up...

 

Please be aware of the rules in the op regarding Bitcoin. Members also cannot use the OCN Name when creating a Bitcoin pool. We only allow the OCN name/tag to be used if it is officially managed by the OCN Staff :)

post #22 of 39
Quote:
Originally Posted by kremtok View Post

Wow, a place where we can talk about bitcoins! It must have been a real struggle to get this off the ground. Good thing you didn't waste that effort on the F@H Team Competition!
Kind of snarky, but I'd have to agree. My whole take was that Bitcoin discussion was banned because OCN thought it would take too many users away from their F@H team. Which, I agree, it would.

Now that it's hardly profitable to mine on a GPU any longer, and there's no risk for them to lose F@H team members, Bitcoin discussion is allowed. rolleyes.gif
post #23 of 39
Quote:
Originally Posted by SgtSpike View Post

Quote:
Originally Posted by kremtok View Post

Wow, a place where we can talk about bitcoins! It must have been a real struggle to get this off the ground. Good thing you didn't waste that effort on the F@H Team Competition!
Kind of snarky, but I'd have to agree. My whole take was that Bitcoin discussion was banned because OCN thought it would take too many users away from their F@H team. Which, I agree, it would.

Now that it's hardly profitable to mine on a GPU any longer, and there's no risk for them to lose F@H team members, Bitcoin discussion is allowed. rolleyes.gif

Not really, mining was only really worth it on AMD cards which weren't that good at folding anyway (pre core 17) so the difference to the folding wouldn't have been that great.

Admin wasn't comfortable with bitcoins in the beginning as little was known about them and their purpose, now they have matured and more info is available, Admin and management are happy to allow it.
post #24 of 39
I was extremely skeptical when it first started a few years ago and I'm still pretty skeptical of it even though I'm now taking advantage of it.

I just still don't understand WHAT it's processing to earn the coins?
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post #25 of 39
Quote:
Originally Posted by Krusher33 View Post

I was extremely skeptical when it first started a few years ago and I'm still pretty skeptical of it even though I'm now taking advantage of it.

I just still don't understand WHAT it's processing to earn the coins?

From what I can understand you are processing the logs/records of previous transactions, doing so prevents someone from double spending or spending coins they don't have.
post #26 of 39
Quote:
Originally Posted by Bitemarks and bloodstains View Post

From what I can understand you are processing the logs/records of previous transactions, doing so prevents someone from double spending or spending coins they don't have.

http://youtu.be/Y-w7SnQWwVA

Yep, that's the idea.
Quote:
Processing - mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
http://bitcoin.org/en/how-it-works
Quote:
The steps to run the network are as follows:
1) New transactions are broadcast to all nodes.
2) Each node collects new transactions into a block.
3) Each node works on finding a difficult proof-of-work for its block.
4) When a node finds a proof-of-work, it broadcasts the block to all nodes.
5) Nodes accept the block only if all transactions in it are valid and not already spent.
6) Nodes express their acceptance of the block by working on creating the next block in the
chain, using the hash of the accepted block as the previous hash.
http://bitcoin.org/bitcoin.pdf

Litecoin is bitcoin with scrypt as the hash algorithm instead of SHA-256 , with faster block rate (faster transactions).

Whether that is what happens on some alt crytocurrencies I don't know. Some alt currencies are either scams, botnets, or pump-and-dump schemes
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post #27 of 39
Very good addition to the forum. Bitcoin mining is becoming very popular. Or it already have became.
post #28 of 39
Quote:
Originally Posted by 5entinel View Post

I'll state this, if you guys have received any infraction or warnings with regards to bitcoin, whether it be expired or not, please pm enterprise to get them reversed smile.gif

biggrin.gif
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post #29 of 39
As one of the staff that was active in the discussion with management to allow Digital Crypto currency discussion, let me add in a few thoughts.

The main reason (I think) that discussion was not allowed was the profit from OCN membership clause. That is still active in the rules about owning or promoting pools or other services. I invite yo to re-look at them, they are important. What is allowed now is talk about how to make your computer and mining better, not about how to sell your coin. In the beginning the ability to profit or manipulate members for your own profit was too great, and with the volatility and immaturity of the market, it was dangerous to allow talk of it. And do not use the OCN name for any outside enterprises.

I do want to say again how great it is to be part of the OCN team. We brought the idea to Enterprise and Admin about letting there be talk. They listened. What else can you ask for in a boss. Once they saw that it was in accordance with OCN policies to allow talk they quickly acted to open it. Fair and swift decisions! That is unheard from in a work place. So again: A big think you to all the staff and members of OCN who make this such a great place to be.
 
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Folding for coinz
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post #30 of 39
Quote:
Originally Posted by Kip69 View Post

... not about how to sell your coin. ...I

Boy that's going to be hard because folks will ask all the time. Are we allowed to link to marketplaces where they can sell their coins or suggest ideas?
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My gaming desk
(14 items)
 
Miner
(15 items)
 
 
CPUMotherboardGraphicsRAM
AMD FX-8350 ASUS Sabertooth 990FX Sapphire 290x Patriot Viper Extreme Division 4 
Hard DriveHard DriveCoolingCooling
OCZ Vertex 460 WD 1TB Blue Koolance 380A EK-FC R9-290X 
OSMonitorKeyboardPower
Windows 8.1 64-bit Monoprice 27" IPS-Glass Pro Panel DUCKY! Antec HCP 850W 
CaseMouse
Hand built wooden desk Logitech G700S 
CPUMotherboardGraphicsGraphics
AMD A10 7850K ASUS A88X-Pro Sapphire 280x Sapphire 280x 
RAMHard DriveHard DriveCooling
Patriot Viper Xtreme Div4 1866mhz 60GB Vertex2 WD Caviar 500AAKS XSPC Rasa 
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