Hottest 'solo-mining' Answers - Bitcoin Stack Exchange

So there's a coin that has more solo miners than all the Bitcoins, Litecoin and Ethereum put together? And it scales to MILLIONS of mining modes using Wolfram research? #3 total node count behind BTC and ETH and in testnet? Stephen Wolfram and DIffie are advisers... You're joking right?

So there's a coin that has more solo miners than all the Bitcoins, Litecoin and Ethereum put together? And it scales to MILLIONS of mining modes using Wolfram research? #3 total node count behind BTC and ETH and in testnet? Stephen Wolfram and DIffie are advisers... You're joking right? submitted by finish-the-thought to CryptoCurrency [link] [comments]

Interesting Questions and Answers from Slack (shortened)

dr10
What can be done with Javark in the future? you can outline some short & interesting scenarios for me?
boldninja
In the future? More like now - you can build app that utilitizes Ark blockchain. How someone uses it is up to them - example : mobile gaming (payment method or using ARK tokens in-game to purchase from game shop), enterprise level stuff, verifications on blockchain, ... basically now its more in developers hands on how they want to implement and use it. fix developed easy to use Java lite client to work with ark blockchain so you just need to incorporate this in the app that you want blockchain used in.
dafty
a good example is that tipbot (written in Java) currently has to make an OS call to start up Python, run some Arky scripts, and then capture the output via a status code and returning JSON in order to check a balance, send a transaction, or whatever else it does. (edited) Javark means I can create transactions directly within tipbot within the same process, and no longer have to install Python or Arky on any of its nodes (edited)
dr10
so basically not the ark developers create all this new scenarios, but they give the language and power to all who want to embed a cryptocurrency in whatever system they have?
dafty
exactly it provides another way of interacting within the Ark network
dr10
and there is no other crypto that can do that? by now ark was the first as i read
boldninja
first DPoS blockchain ethereum or bitcoin also has Java libraries
dr10
okay
dafty
Python and Java are probably the two most important, most IoT devices run one or the other
boldninja
the advantage that ark has is speed - who will wait 10 minutes for confirmation of bitcoin to I don't know unlock some file or door?
dr10
exactly thats why i bought in xD speed is so important (.)\* Regarding Delegates and the Voting System. What could Delegates do bad or wrong that somebody unvotes them? And what doey need to be good at to get votes? i know its about forging coins, but isnt it just a program running? i dont know much about nodes yet.
jarunik
Install wrong fork.... Majority of delegates decides on the protocol of the network
dr10
so if he does some bad coding/programming which does harm to the network?
jarunik
Lets say someone codes ark unlimited
dr10
yes
jarunik
Delegate will decide for ark or ark unlimited Majority will win....
dr10
so its 51 delegates (like in a congress) who are voted by the ark users and these decide for the paths ark will go through... if its a fork or some new applications being embedded etc?
jarunik
Yes
dr10
i get that. but i dont know why i should unvote somebody for example. i dont know any delegate personally
jarunik
To vote someone else
dr10
yeah but why? why should i care? i dont know them
jarunik
If a decision comes up delegates will take sides
dr10
i dont know what they stand for
jarunik
You will vote for one to represent you Currently not much conflict and politics yet
dr10
for example i only know cryptolanka, because i watch his videos, but i dont know any other delegate. so i dont know what they have on their agenda. how can i get information about that? ok i see so later i will know them by twitter, youtube etc and know their opinions
jarunik
Delegate proposal in the forum
dr10
have to check that out
jarunik
Has current positions. Mostly how to use profit for now
dr10
can normal people make suggestions? Scenario: Ark Fee is 0.1 ARK. If Ark is worth 100$ it is 10$ Fee... People think its too much, they create a movement or something to change this.... or are only delegates able to bring in ideas?
boldninja
one of the features for future is dynamic fee structure so that will be possible :slightly_smiling_face:
dr10
yeah lets pretend there would be no dynamic fee structure... just focussing on the aspect of making proposals which direction ark should shift could I make this proposal? or only one of the 51 delegates?
boldninja
you can make proposals :slightly_smiling_face: - there is a section on github for AIPs https://github.com/ArkEcosystem/AIPs GitHub ArkEcosystem/AIPs AIPs - :mortar_board: Ark Improvement Proposals
dr10
thanks! :slightly_smiling_face:
boldninja
but yeah first step would be to reduce fee if dynamic fee structure wouldn't be implemented yet and if ark would be of such value no one would pay 10$ for fees anyway so it would need to be changed much prior to that
dr10
In bitcoin, litecoin, etc. the biggest miners are those who decide, right? like mining companies etc
boldninja
yeah
dafty
I think dynamic fees should be looked at fairly early on, force it in an update before the delegates really get established
boldninja
I agree
dafty
should be introduced in this year imo
dafty
if Ark does take off, delegates will be unlikely to want to update if it means they'll get less fees only way out would be a hard fork, which would be fine long term
boldninja
dafty
you'll update c'mon ?
dr10
I dont know much about this political systems, but it feels to me, that there is a natural danger - like with politicians - that some people get too powerful and they campaign for themselves, but they devide totally different. is there a danger like this? or what kind of things prevent this?
dr10
like if we have hillary clinton as one of the delegates or whoever xD
dr10
you still need majority consensus so 1-2 bad actors won't change much when we talking about 20+ that would be something
jarunik
problem currently are all the self funded delegates :wink:
dr10
why is this a problem?
jarunik
they don't need votes
dr10
because they have the most coins?
jarunik
they have enough coin to sponsor a seat for themselves economics says they will act in their own intereste
dafty
they are heavily staked in the project, so it's likely they'll go way of general concencus. but, we haven't really seen a split in dpos so far to know what would happen
jarunik
but that might not be in the interest of smaller bag holders
boldninja
I have
dafty
's address we can send someone to update if he won't comply :trollbounce:
jarunik
hehe :slightly_smiling_face:
jarunik
like for example the none forging delegates can't be unvoted i know it does not really hurt currently :slightly_smiling_face:
dafty
brb, need to start my 4 minute walking commute from work :ermygerd: :trollbounce:
dr10
ok i see if there will be a whole new "proof of whatever" system, can people vote to go another route, with a fork or within this current fork? is this even possible? lets say there is "proof of artificial intelligence" XD like changing from a democracy into a technocracy or whatever
jarunik
if majority would vote for that then ark could switch yes
dr10
ok
jarunik
delegate basically downloads the node code and runs it by doing so he chooses which code to run if majority chooses some code ... this codes rules are valid that's at least how I understood it
dr10
if there is a delegate who runs a different code just because he wants to, people just unvote him and so he has no power anymore?
boldninja
if he runs different code he won't forge if he is active
jarunik
he can't make blocks valid
boldninja
he needs consensus enough delegates with same code
dafty
it can be seen with pow & bitcoin right now. 30% running unlimited nodes, 30% running segwit. fortunately, they have agreed to play nicely with bitcoin core until a fixed concencus is reached, in which case either version will start pumping out blocks that are invalid with the other version
jarunik
so one alone does not do any harm If we talk about nodes anyway how do you make sure to not muss forging like some do? do you know when your time for forging is?
boldninja
run ark node on dependable server
dafty
monitoring scripts, auto-failover
boldninja
sending
dafty
coins also helps to better forge
dafty
:this: ddos mitigation
dr10
those who are no delegates can't stake their coins? as i understood only the delegates stake it?
boldninja
you "stake" it by voting for profit sharing pool / delegate anyone can "stake"
dr10
yes thats what i read, but can I see where I stake how much? how much I earn? for example in the POSW online wallet, you see how much you stake every few minutes/hours its easy to read pivx hasnt that feature, i needed to ask the developers
jarunik
you "stake" all ark of a wallet with one vote but it is not really "staked"
dr10
and how much do i earn? where can i see that?
jarunik
you earn nothing at all all goes to delegate delegate decides what to do with it the profit sharing once will pay out a part of it !calculate slackbot Custom Response https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit#gid=0
jarunik
it is basically mutual agreement between you and the delegate you vote dependable server and failover .... is there a guide how to set it up? I guess I would need 2 VPS and some CRON job or something ... or how do you do it?
dr10
so basically i could keep 1 ark in my wallet to vote and the rest on an exchange? i still voted and thats all i can do, right? sorry for these stupid questions, i just want to go through different scenarios
jarunik
then you only vote with 1 ark
dr10
ok
jarunik
ark has to be in the wallet you vote with you only vote for one delegate with the entire ark of that wallet ark on exchange does not vote (as exchanges do not vote (currently))
dr10
ok, so if you have 5000 ark, i have 3000 and
boldninja
has 10.000 but only 1000 in his wallet and we all vote one person, that means 9000 ark will be staked for this one delegate?
jarunik
sorry ... dinner ... can help explain more I found out so far later if you want
dr10
sure, np
boldninja
that is correct and biggest share would go to
jarunik
in this case
dr10
you mean his vote weighs more than ours, right?
boldninja
more ark you have more voting power you have
dr10
ok
boldninja
yes cause he is voting with 5k you with 3k and I with 1k
dr10
but he doesnt earn, like people do with pivx or other coins i see
boldninja
nope delegate pays out according to his proposals and you choose which is best suit for you
dr10
someone who wants to be a delegate needs to lock in more than the 51st delegate, right? can he unlock at any time and sell all his coins or is it locked for a certain amount of time
dafty
Note that DPoS doesn't actually involve pools. It's a delegate's decision to profit share or not and sort out payout. Ark has fewer delegates, so there's more incentive required to vote for a delegate (plus 1 ARK=1 Vote). Take a look at Lisk, same concept, but only 3(?) pools at 98 solo delegates.
dr10
If i need to format my PC and reinstall ark wallet, how do I get back into my account? Do I need to save the adress too? or is the passphrase my account at the same time? when I click on import account it says to write in the passphrase, I dont need anythin else?
dafty
yeah it's a brain wallet passphrase produces your public address
dr10
okay
dafty
so long as you have the passphrase, you can access the account from anywhere (edited)
dr10
good Inside the wallet, what is the Register: Offchain good for? I can create folders there. What could I use this for? cannabanana have no idea
boldninja
you can better organize your account - but its local not on blockchain
dr10
watch only adress... to see what the remaining ark on my bittrex account are doing? or what could it be used for
boldninja
adding any address you want to have look out for bittrex hot wallet, your friends account, ...
dafty
ex gf
boldninja
:joy:
dafty
she what shops she's spending your ark on
jarunik
Second passphrase. If you create one when do u enter which one?
dr10
lol
dafty
I set one as soon as I make a test deposit test deposit > second passphrase > the amount I want to send
jarunik
I did not get it. Restoring wallet, sending ark When do u need which passphrase
dafty
when you send out or vote, it'll ask you for your first passphrase, then second
jarunik
Ah both
dafty
second passphrase is produced from first passphrase, I think can't remember
jarunik
So it is just a stonger key and nothing more? Or does it have other benefits?
dafty
it can be used for 2 key multisig, but for most cases it's just more security person A owns one passphrase, person B owns the second, neither can send out unless both provide their keys
dr10
Smartbridge needs to be implemented into other blockchains via a small code right? How could you realize that? Just asking developers to change their code? How can you involve bigger currencies into ark ecosystem, why should they care? :slightly_smiling_face: 4 replies Last reply about 21 hours ago View thread
jarunik
You could do it through some smart contract in ethereum most likely new currencies forked from ark will somewhen have it integrated directly (once it is in Ark code) we will most likely test it with some sidechain or friendly smaller chain first somewhen
dr10
how would you link together with NEM, Bitcoin, PIVX, Ripple?
jarunik
well then if it grows maybe some others get interested
dr10
you will contact the developers and ask them? I am not in the core team :smile:
dr10
:smile:
jarunik
you can join in developement of ark on github anyway
dr10
okay
jarunik
i think you might even get bounties if you do it will be more developement of "community features" I guess but we will see on what we will vote and what idea everyone has whatever helps the ark ecosystem
dr10
sure if a dev is here i will ask him again about linking to other blockchains thanks xD
jarunik
your welcome
dr10
An ARK gaming platform release. Codename: A... (Q2-Q3 2017) what kind of gaming platform? like valve's steam? Live same streaming, personality broadcasting platform (Q3-Q4 2017) (youtube/twitch?)
jarunik
where did you get that from?
dr10
whitepaper in this section: A​pollo​ - P2P Card Network Q2-Q4 2017 it says if there is at least 10.000 BTC raised during ARK-TEC (it wasnt i think?)... so probably it will take longer time... but what are these things?
jarunik
i think the roadmap on ark.io is more updated ....
dr10
steam, youtube, twitch? ok
jarunik
but not sure
dr10
what is NFC?
boldninja
Near Field Communication https://en.wikipedia.org/wiki/Near_field_communication Wikipedia Near field communication Near-field communication (NFC) is a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm (1.6 in) of each other. NFC devices are used in contactless payment systems, similar to those used in credit cards and electronic ticket smartcards and allow mobile payment to replace/supplement these systems. NFC is used for social networking, for sharing contacts, photos, videos Show more… (Not automatically expanded because 8531x5344 is too large to display inline.)
dr10
like bluetooth for payment?
boldninja
yeah similiar remember that a lot of stuff in whitepaper was if we would reach higher funding goals than we did
dr10
yeah i heard that
boldninja
so a lot of this use cases will be postponed we are focusing on core first
dr10
the road map on ark.io is the most accurate roadmap now, right? the whitepaper is more like a very longtime vision
boldninja
we are not funded like some of those latest ICOs raising 10m+
dr10
i know
boldninja
yes most accurate on is on ark.io what we'll work on in the next 3-4 months
dr10
ok
dr10
InterPlanetary File System (IPFS) - you are CURRENTLY working on a decentralized dropbox, decentralized Twitch Streaming, decentralized Data Hosting? is that correct? and this is to be finished 2017 approx.?
boldninja
IPFS yes (which is kind of decentralized hosting) we are not working on Twitch that will require bigger funding at least not yet
dr10
okay so for now only decentralized dropbox... comparable to the concept of storjcoin i guess i didnt know ark has such huge ambitions. it will be a hard way, but i like huge ambitions. as soon as the first important features are realized this project will boom ----- Today May 4th, 2017 -----
dr10
I have a question regarding Proof of Work / Bitcoin (I know its not what this forum is about). Maybe somebody can answer me. What happens when all coins are mined, why should miners continue their work to confirm transactions etc?!
boldninja
fees
dr10
i have read it won't be enough to pay off the computer power? or fees needs to rise?
boldninja
they make quite a nice chunk on fees as it is
dr10
okay well doesnt matter xD i guess my question-session will continue today which points of your roadmap (besides mainnet) are already done and where is the main focus (i see your roadmap @ ark.io, but i guess you dont work on all silmutanously)?
boldninja
Main focus is currently deployable testnets for startups we want to become hub for upcoming projects to start with Ark as base and build upon
dr10
like these new ethereum projects, but just for ark?
boldninja
yeah, but they'll have more "in the own hands" not relaying on ARK network, but still able to communicate to it with SmartBridge if ETH fails all assets fail as they are bound on ETH single point of failure
dr10
hm in which scenario could eth fail what couldnt happen to ark / ark startups? (edited)
boldninja
its hypothetical but if eth would present some kind of flaw in design all assets could be in danger ark startups will have their own blockchains with their own set of rules / delegates, ...
dr10
if eth changes something to their system, all others need to adapt, but @ ark they dont need to adapt because they still can communicate?
boldninja
projects are running directly on ETH blockchain via smart contracts - Augur, Iconomi, TokenCard, ... so if something were to happen or some flaw was unravelled in ETH it could jeoparzide all this projects with Ark you start with codebase and build your own things around it or modify
dr10
ok, i cant imagine what could go wrong to be honest. but i think i understand what you try to say
boldninja
well look at DAO and ETH split to ETC, ... whole crypto is still in experimental phase this is just the start like internet in the 90s
dr10
yes so this: Making ARK clone-able with push button deployment and linked to ARK’s Main Chain via SmartBridge. and this: Deployment of testnet clones for start-ups. is the foundation of the ark ecosystem? and there is the main focus as for now
boldninja
yes currently in development and first to be presented to the public for test along with mobile wallets / wallet redisign - this is currently being worked on and partnership outside Ark as well, but I cannot get more into details on that
dr10
sure and what is already done? Mainnet launch and what else? wallet
boldninja
Java , Python implementation which is huge if you are more into dev scene
dr10
yeah i read into the possibilities of that yesterday
boldninja
more to come as well - we want Ark to be universally avail in most promising dev langauges so you could get in with language you are most comfy working in
dr10
i want to make my videos in english first, but HQ and then I talk about it in german lets say I want to create an ingame shop for Skins. How would I proceed (for dummies / beginner developers). I connect to the github? stupid question xD but well there are no stupid ones
boldninja
if you'd want to utilize Ark for ingame shop you'd probably develop game in Java for mobile so you'd look over Javark and how you make calls to execute transcations, verify payments on blockchain, save data on blockchain, ...
submitted by Jarunik to ArkEcosystem [link] [comments]

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