Bitcoin Adoption; ziftrCOIN Targets New Users » Brave New Coin

Solo mining help

Been trying to get my PC to solo mine for the passed few days. Can someone help me out? I have the doge wallet 1.10 and minerd.exe v2.5
I don't know if I'm considered a novice. I started with ziftrcoin and mined a bunch of that. I pool mine litecoin and bitcoin. But I'm having a hard time finding a working pool for dogecoin so I decided I would like to try to solo mining it.
Thanks in advance
submitted by Renegade2543 to dogecoin [link] [comments]

ZiftrCOIN Launch Update

Announcing the ziftrCOIN Release

ZiftrCOIN will be launching this Saturday(February 28th) see more info here. We’ve put a lot of hard work into it and a large portion of our efforts have been leading to this very moment. We couldn’t have gotten here without all the support we received during the ziftrCOIN Presale and we just want to again express our gratitude to all presale participants, as well as everyone who has expressed interest in ziftrCOIN.
 

Specifications:

 
We are pre-mining 4.5% of the total ziftrCOINs, 66.7% of which we will give away to consumers. In doing this, we hope that more consumers start to become familiar with cryptocurrency.
 

You will be able to begin CPU mining via the ziftrCOIN-Qt wallet immediately upon release to get a bit of a head start. As for GPU mining, we’re waiting to release our GPU code until 1-2 weeks after the coin release date. Why? A couple reasons:

 
Be sure to follow ziftrCOIN on Twitter (@ziftrcoin) for all mining update announcements.
     

What Makes ziftrCOIN different?

 

$1 Minimum Redemption Value

 
ziftrCOIN comes with a built-in use case. When spent in Ziftr’s merchant network, each ziftrCOIN will have a minimum redemption value of $1. Think of ziftrCOINs as your very own Ziftr coupons.
   

Incentivized Proof of Knowledge Mining

 
In our version of Proof of Knowledge, the miner may optionally prove knowledge of transaction data while mining to get a slightly higher reward. More specifically, a block solved with Proof of Knowledge of transaction data is allowed to claim a 5% higher reward than those that are not. The idea here is that we want to incentivize miners to run their own software to decide which transactions will be processed, rather than just working on data given by the pool operator. With this setup, pools can still exist to limit the variance of miners, but are no longer the source for transaction data while mining. In addition, an SPV node may verify the Proof of Knowledge of transaction data with only one more transaction from the block, rather than downloading the full block data.
 

Mature Coins Spent as a Tiebreaker

 
In ziftrCOIN, the core client calculates the number of sufficiently old coins spent in each new block received on the peer-to-peer network. When two blocks are solved on the tip of the chain at nearly the same time, the block with more sufficiently old coins spent in it is chosen as the correct block. Chains are still prioritized by most-work first; the counting of old coins spent is only used when two chains have the same work. This tiebreaking strategy makes it unprofitable for a miner to mine PoK blocks while not including transactions because the blocks would have far fewer old coins spent in the block, and they would lose ties. Since the tiebreaking strategy is mathematically expected to take effect in approximately 18% of blocks, a 5% increase in rewards would not be sufficient to make this attack worthwhile.
 

Dynamic Block Size Limit

 
The ziftrCOIN block size limit is not set to a fixed constant, as is currently done in Bitcoin. Instead, the chain automatically allows for growth as transaction volume increases. This can be faked by miners, but a clear majority of miners must be artificially increasing block size limits in order for the block size limit to increase unnecessarily. The block size growth is limited to 10% every 3 months, which is roughly equivalent to doubling every 2 years.
 

Coin Distribution Model

Most coins follow a halving block reward distribution that incentivizes early adopters to participate before the block reward drops. Instead, we decided to try to match the distribution with common adoption curves for new technologies. For example, the chart contained in this article (below for convenience) shows the standard adoption curve of new technologies. Ten billion total ziftrCOINs will be created over 30 years, with the coins distributed in each block changing each day following a standard bell curve.
 

Support for OP_CHECKLOCKTIMEVERIFY

The Bitcoin scripting language currently has no way to make a transaction output that cannot be spent until a later point in time. The ziftrCOIN network supports the use of both OP_CHECKLOCKTIME and OP_CHECKLOCKTIMEVERIFY to allow the creation of outputs that can only be spent after a certain point in the blockchain. This is useful in many scenarios, such as using escrow with a third party who cannot participate in the arbitration process unless there is actually a problem between the two transacting parties. This scripting opcode was also used to lock up the coins that Ziftr received (not including giveaway coins) in the genesis block. The goal here is to prove to the community that we are not going to take the coins we have set aside and dump them on the market, because we literally could not even if we wanted to. The core client, however, does not currently relay transactions that use these types of outputs, but these rules will likely be relaxed soon.
 

Convenient Transaction Processing Speed

The expected generation rate of ziftrCOIN blocks is 1 block per minute. This block generation time was chosen as a trade-off between convenience and consensus.
   
We hope you’re as excited as we are about the release of ziftrCOIN! If you have any questions or comments, please reach out to us on Twitter or Reddit or email us directly at [email protected].
     
submitted by RyanCD to ziftrCOIN [link] [comments]

Could use some help getting started.

I've looked into bitcoin before but could never figure out how to get it to work correctly, but I heard that Ziftr is supposedly much more simple to learn, so I'm giving it a try.
On the getting started page for pool mining it says to go to the "Type" tab in my ZiftrCOIN - Wallet, but I dont see it anywhere. I've gone through the settings and have googled around but can't find any answers. Could someone explain what it is I'm missing?
submitted by Haktir to ziftrCOIN [link] [comments]

ZiftrCOIN Mining Update: Proof of Knowledge algorithm

TL;DR: Ziftrcoin is dropping Sign to Mine(S2M) and using the new Proof of Knowledge algorithm due to the potential problems S2M could create being much worse than the ones it was meant to solve.
     

Goodbye Sign to Mine. Hello Proof of Knowledge.

One of the things we love so much about cryptocurrency is the opportunity to engage with a community of brilliant individuals who are just as passionate about this technology as we are. Our priority, first and foremost, is to put out the best tools, applications, and products possible to improve cryptocurrency and facilitate mass adoption.
Fortunately, thanks to Reddit, BitcoinTalk and other online cryptocurrency communities, we’ve received a lot of great feedback – specifically on our Sign to Mine mining algorithm. We’ve taken all of this valuable feedback into careful consideration and have decided to say goodbye to Sign to Mine and hello to a new and improved mining algorithm that we’re calling Proof of Knowledge.
Please read on for all the details behind this decision and for an introduction to Proof of Knowledge. As always, we would love to hear any and all constructive feedback!
   

Problems with Mining

When we first set out to create ziftrCOIN, one of the goals that we had was to make improvements on cryptocurrency wherever we could. Bitcoin has a handful of issues that some people see as possible problems – problems that we wanted to try to fix and prevent.   One of these issues is the risk of centralized control of the network hashing power. As mining gets more difficult, there is a natural tendency to have fewer yet larger mining pools. Unfortunately, the operators in charge of these pools then have control over large portions of the miners. The problems caused by this are outside the scope of this discussion but they include 51% attacks, selfish mining, and coordinated double spending.   These problems only exist if the miners act on them. While it is unlikely that a large group of anonymous strangers would all be willing to combine forces to attack the network, a pool operator may choose to do so single-handedly. This is exactly where centralization becomes a problem: when pool operators have exclusive control over a large portion of the hashing power of the network.
 

Sign to Mine As a Proposed Solution

This was where our S2M solution was meant to help. In a normal mining setup, the miners mine the coins directly to an address controlled by the pool. It’s then up to the pool to distribute the rewards appropriately. With S2M, all miners working together must have the ability to withdraw the mined coins directly. This means that any single miner on the pool could choose how to distribute the rewards, including taking 100% of them. The idea is that S2M could prevent pooling by large groups of anonymous strangers. Pooling would still be possible, but every member of the pool would have to trust the entire group. However, pools serve a very important function for miners, which is to smooth out reward variance. It’s impractical for a miner to leave their equipment running for long periods of time in the hopes that they’ll win a large reward. Small constant payouts are practically required for miners to operate.   We had plans to solve the rewards variance problem by providing a solution called social pooling. With social pools, miners could use reputation systems and social networking to find groups of like-minded miners to work with. In this way, people could pool their power and vary the rewards while also reducing the risk of loss caused by an anonymous user running off with the coins.
   

Possible Problems Caused By Sign to Mine

All of this sounds pretty good, so why get rid of S2M? The short answer is that our testing and theory-crafting showed that the problems created by the system could be much worse than the ones it was meant to solve. In addition, there are also ways pool operators could work around the limitation.
 
First, let’s look at some possible problems caused by S2M. If a miner is not getting regular rewards, it’s a safe assumption that they will simply stop mining. What this means is that only miners with enough hashing power to get regular payouts, sometimes referred to as whales, will mine. This leads to the exact problem we wanted to prevent in the first place: large portions of the mining power controlled by a single entity. In this case, it could be even worse because unlike the pool operators in a typical mining scenario, these miners would have direct control over the equipment itself.
 
Social pooling was our proposed solution for combatting the centralized mining by whales. In theory, groups of friends could gather enough hashing power to become equal to larger miners. However, what we’ve discovered is that the social mining would heavily reward malicious users and bad actors, leading to things like scamming users, creating fake accounts to build rep, and buying and selling of high-ranked accounts in order to steal block rewards. There are already enough problems in cryptocurrency with user security, theft, and scamming. To not only invite these problems but also to create a system that outright rewards bad actors seems to be the wrong answer.
 
The next issue is pool operators simply working around the system. Operating a pool can be a profitable enterprise. S2M would increase demand for a good pool to connect to. With S2M, the risk is that a miner could run away with the block rewards. A pool operator could easily work around this by providing each miner with a unique address to sign and mine with. By doing this, if a user ran off with the coins, the pool would know which user it was. The pool operator could then simply require a deposit equal to a single block reward, meaning that for any miner to mine on the pool they would have to give a block reward worth of coins temporarily to the pool. These coins could be held in a type of escrow account. When the user is done mining, they could check out, and get their deposit returned. If the user is found to have stolen a block reward, then the pool would simply seize the deposit. This could further be expanded on by allowing users to enter credit card info instead, or by requiring users to mine a block reward worth of coins before allowing a withdrawal.
 
Setting up account systems, escrow systems, and/or credit card processing systems isn’t a simple task. What this means is that only larger groups of dedicated people could create and operate pools. This would further push out the “little guy” and lead to centralized pools. Also, since the pools would be in demand, pool operators would also be able to charge large fees. The large fees would reduce the profitability of mining and lead to less users mining and a less secure blockchain.
 
Just like social pools, these large “buy in” pools are also breeding grounds for malicious activity. Hackers stealing deposits, scam pools accusing miners of theft to seize deposits, and credit card and account theft are just a few of the things that are likely to happen in a setup like this. When mining as part of a pool, the miner already has to put a lot of trust in the pool operator. Inviting all these other ways in which the miner could be ripped off is a bad idea for the mining community.
 
Due to all of these issues, it simply doesn’t make sense to keep S2M as part of ziftrCOIN. It’s a lot of work and risk for the miners who won’t even directly see the benefits. Keeping miners mining is an important part of keeping a blockchain strong. It seems much more likely that S2M would backfire and cause the problems it’s meant to prevent than it does that the problems would arise in the first place.
 
With all of this said, we had already put some resources into developing Sign to Mine before we decided not to go that route. The Sign to Mine code is contained within a branch in our GitHub repository, which will be made available when the coin is released. Obviously, this will be freely issued and available for anyone to use. There may be variations of S2M that put better incentives in place, and it would be great to see someone out there find a better way to use it.
 

ziftrCOIN’s New and Improved Mining Algorithm: Proof of Knowledge

Keeping mining decentralized is still an important goal for us, but attempting to force it via S2M doesn’t seem to be the solution. Instead, we are going to use something that we call Incentivized Proof of Knowledge.
In our version of Proof of Knowledge, the miner may optionally prove knowledge of transaction data while mining to get a slightly higher reward. More specifically, a block solved with Proof of Knowledge of transaction data is allowed to claim a 5% higher reward than those that are not. The idea here is that we want to incentivize miners to run their own software to decide which transactions will be processed, rather than just working on data given by the pool operator. With this setup, pools can still exist to limit the variance of miners, but are no longer the source for transaction data while mining.
 
The exact hashing algorithm used is a combination of the 5 finalist algorithms that NIST selected as candidates for SHA3 (BLAKE, Grøstl, JH, Keccak, and Skein). The first in the series, Keccak, is executed, and then the order of the next four is determined based on the result.
 
The opt-in process of using transaction data while mining should reward miners who contribute their resources to the network in the form of running a full node. However, a pool protocol could just transfer transaction data and circumvent the requirement that the miner run a full node. Transmitting all transaction data to miners would require large amounts of bandwidth, however, so we do not expect that this will be an issue. In addition, even if this were done, it still increases decentralization by making miners aware of transaction data (in the standard work protocol, miners are not given autonomy to determine which transactions are mined into a block).
 
The obvious attack on this system is that miners could simply not run a full node and never add any transactions to their blocks. Since their blocks would be empty, there would be nothing to prove knowledge of. This would allow them to avoid the bandwidth overhead while still mining with Proof of Knowledge of transaction data to gain the 5% in rewards. But this is where the tie-breaking strategy kicks in.
 
In ziftrCOIN, the core client calculates the number of sufficiently old coins spent in each new block received on the peer-to-peer network. When two blocks are solved on the tip of the chain at nearly the same time, the block with more sufficiently old coins spent in it is chosen as the correct block. Chains are still prioritized by most-work first; the counting of old coins spent is only used when two chains have the same work. This tie-breaking strategy makes it unprofitable for a miner to mine PoK blocks while not including transactions because the blocks would have far fewer old coins spent in the block, and they would lose ties. Since the tie-breaking strategy is mathematically expected to take effect in approximately 18% of blocks, a 5% increase in rewards would not be sufficient to make this attack worthwhile.
 
Why make mining with Proof of Knowledge optional? The reason is that we don’t want to add unnecessary barriers to entry. Many miners may not find a 5% increase in payouts to be a sufficient reward for the hassle of running a full node. These miners could still participate in the ecosystem through a standard pool, but are at a slight economic disadvantage.
 
As mentioned above, we welcome any and all constructive feedback regarding our new mining algorithm. We believe wholeheartedly in the future of cryptocurrency and we value the community’s insight as we continue to do everything we can to improve it.
submitted by ZCdev_Stephen to ziftrCOIN [link] [comments]

Announcing the ZiftrCOIN Release (x-post from /r/ziftrcoin)

Announcing the ziftrCOIN Release

ZiftrCOIN will be launching this Saturday(February 28th) at noon(12 p.m. EST)! We’ve put a lot of hard work into it and a large portion of our efforts have been leading to this very moment. We couldn’t have gotten here without all the support we received during the ziftrCOIN Presale and we just want to again express our gratitude to all presale participants, as well as everyone who has expressed interest in ziftrCOIN.
 

Specifications:

 
We are pre-mining 4.5% of the total ziftrCOINs, 66.7% of which we will give away to consumers. In doing this, we hope that more consumers start to become familiar with cryptocurrency.
 

You will be able to begin CPU mining via the ziftrCOIN-Qt wallet immediately upon release to get a bit of a head start. As for GPU mining, we’re waiting to release our GPU code until 1-2 weeks after the coin release date. Why? A couple reasons:

 
Be sure to follow ziftrCOIN on Twitter (@ziftrcoin) for all mining update announcements.
     

What Makes ziftrCOIN different?

 

$1 Minimum Redemption Value

 
ziftrCOIN comes with a built-in use case. When spent in Ziftr’s merchant network, each ziftrCOIN will have a minimum redemption value of $1. Think of ziftrCOINs as your very own Ziftr coupons.
   

Incentivized Proof of Knowledge Mining

 
In our version of Proof of Knowledge, the miner may optionally prove knowledge of transaction data while mining to get a slightly higher reward. More specifically, a block solved with Proof of Knowledge of transaction data is allowed to claim a 5% higher reward than those that are not. The idea here is that we want to incentivize miners to run their own software to decide which transactions will be processed, rather than just working on data given by the pool operator. With this setup, pools can still exist to limit the variance of miners, but are no longer the source for transaction data while mining. In addition, an SPV node may verify the Proof of Knowledge of transaction data with only one more transaction from the block, rather than downloading the full block data.
 

Mature Coins Spent as a Tiebreaker

 
In ziftrCOIN, the core client calculates the number of sufficiently old coins spent in each new block received on the peer-to-peer network. When two blocks are solved on the tip of the chain at nearly the same time, the block with more sufficiently old coins spent in it is chosen as the correct block. Chains are still prioritized by most-work first; the counting of old coins spent is only used when two chains have the same work. This tiebreaking strategy makes it unprofitable for a miner to mine PoK blocks while not including transactions because the blocks would have far fewer old coins spent in the block, and they would lose ties. Since the tiebreaking strategy is mathematically expected to take effect in approximately 18% of blocks, a 5% increase in rewards would not be sufficient to make this attack worthwhile.
 

Dynamic Block Size Limit

 
The ziftrCOIN block size limit is not set to a fixed constant, as is currently done in Bitcoin. Instead, the chain automatically allows for growth as transaction volume increases. This can be faked by miners, but a clear majority of miners must be artificially increasing block size limits in order for the block size limit to increase unnecessarily. The block size growth is limited to 10% every 3 months, which is roughly equivalent to doubling every 2 years.
 

Coin Distribution Model

Most coins follow a halving block reward distribution that incentivizes early adopters to participate before the block reward drops. Instead, we decided to try to match the distribution with common adoption curves for new technologies. For example, the chart contained in this article (below for convenience) shows the standard adoption curve of new technologies. Ten billion total ziftrCOINs will be created over 30 years, with the coins distributed in each block changing each day following a standard bell curve.
 

Support for OP_CHECKLOCKTIMEVERIFY

The Bitcoin scripting language currently has no way to make a transaction output that cannot be spent until a later point in time. The ziftrCOIN network supports the use of both OP_CHECKLOCKTIME and OP_CHECKLOCKTIMEVERIFY to allow the creation of outputs that can only be spent after a certain point in the blockchain. This is useful in many scenarios, such as using escrow with a third party who cannot participate in the arbitration process unless there is actually a problem between the two transacting parties. This scripting opcode was also used to lock up the coins that Ziftr received (not including giveaway coins) in the genesis block. The goal here is to prove to the community that we are not going to take the coins we have set aside and dump them on the market, because we literally could not even if we wanted to. The core client, however, does not currently relay transactions that use these types of outputs, but these rules will likely be relaxed soon.
 

Convenient Transaction Processing Speed

The expected generation rate of ziftrCOIN blocks is 1 block per minute. This block generation time was chosen as a trade-off between convenience and consensus.
   
We hope you’re as excited as we are about the release of ziftrCOIN! If you have any questions or comments, please reach out to us on Twitter or Reddit or email us directly at [email protected].
     
submitted by RyanCD to CryptoCurrency [link] [comments]

Introducing ZiftrCOIN

Hi All! Wanted to take a moment to officially introduce ZiftrCOIN. We're excited to introduce our new tools and apps to the community and let you guys know what we’ve been up to recently.
 

ZiftrCOIN Specifications:

 

How is ZiftrCOIN different?

One of ziftrCOIN’s key differentiators is that it’s not trying to compete with Bitcoin or other altcoins. We’re actually trying to help raise the value of all coins and increase cryptocurrency adoption rates. By using ziftrCOINs as the gateway coin into cryptocurrency for the next 10 million users, we are hoping to effectively introduce people to the benefits of this great technology and create one seamless experience where people can play around and use all the different types of coins they want to. ziftrCOIN also introduces some new ideas and technology into existing cryptocurrency. It's all laid out in our white paper if you want the detailed technical information. The short version is that we have some features designed to prevent large mining pools and to keep our coins decentralized. We're also guaranteeing that ziftrCOINs can be redeemed for a minimum of $1 in Ziftr’s retailer network.
 

The ZiftrVERSE:

Our full suite of products and services (ZiftrCOIN is a part of the ZiftrVERSE)
 

ZiftrCOIN

ZiftrCOIN’s goal is to introduce more people into cryptocurrency, while also improving on certain technical features of popular coins today.

- Current Stage: Development

 

ZiftrWALLET

One of our main focuses so far has been to develop a user friendly wallet, that has some great new features we felt have been lacking in the current wallet environment.
 

Wallet Feature Overview:

  1. Stores multiple cryptocurrencies
  2. Puts security into the hands of the user
  3. Requires minimal storage space.
  4. Frequently updates market value numbers for all coins

- Current Stage: Open for Beta Testing. Limited invites per day.

 

ZiftrSHOP

A worldwide online marketplace where consumers can search for hundreds of millions of products among Ziftr’s tens of thousands of retailers and conduct transactions using credit cards or cryptocurrency.

- Current Stage: Ziftr.com being redesigned

 

ZiftrPAY

A secure API that enables retailers to accept both cryptocurrency and credit cards without having to view or store the customer’s credit card information

- Current Stage: API developed, working to integrate new retailers

 
If you would like an invite to the wallet beta, go ahead and sign up at www.ziftrwallet.com and tweet using #ziftrwallet to @ziftrcoin for a priority invite.
 

Links

• Whitepaper - http://www.ziftrcoin.com/docs/ziftrcoin-whitepaper.pdf
• Official website - www.ziftrcoin.com
• FAQ - http://www.ziftrcoin.com/what-is-ziftrcoin/faq/
• Announcements - https://www.ziftrcoin.com/news/
• Twitter - https://twitter.com/ZiftrCoin
• Google+ - https://plus.google.com/+Ziftrcoin/posts
submitted by ziftrcoin to ziftrCOIN [link] [comments]

Bitcoin Generator 2020 Mining Pool injector