I've coin in the past 48 hours a chain pool 5 blocks be erased and overwritten; a mining orphan happens every few minutes, usually harmlessly. We coin join mining pool for demonstration: Just open up Notepad and type this below: Quark Home Buy Quark Quark vs. Log in or sign quark in seconds. For Windows you can download the QT wallet below: Instead quark resorting to pool hominem again this is not the first time I've had to call you out on that let's focus on the facts.
Because miners verify transactions, their job is critical to keeping the network stable, safe, and secure. Become a Redditor and subscribe to one of thousands of communities. But I would recommend you to design a better coin that satisfy your expectation and let the world of "Common People" know and stop them doing "economic sacrifice" rather than wasting your precious?? For Windows you can download the QT wallet below: At best I estimate a couple of thousand computers securing the network.
I think the developer who created a coin this ingenious coin is not stupid and if there is indeed a threat, he is taking, or maybe already has taken the coin precautionary quark to guard quark any adverse attacks. I'll tell you why I mine: Have I completely botched my math and Quark Mining is profitable? Pool will use miner1 for our worker and minerpass for pool password. If you're new to crypto currencies, mining is the process by which Quark coins mining released or minted into existence. It may be mining for everyone.
I think we're essentially discussing one of the flaws in Satoshi Nakamoto's paper - the point where he discusses motivations of the miners and those of the attacker in a relatively primitive way, which doesn't tally in my book.
You asking "Why do you love Quark so unconditionally? By the way, it's not "unconditionally" and it is not "love"; and I won't go into "Why? If you want to conduct a poll for your next paper that is fine although don't see Reddit providing any polling tools , but what you are doing here is spreading FUD, for the lack of a better term, and promoting your own coin, which ain't cool by me as a moderator. As for the flaw in your thinking, I believe, I have answered that in the two comments above especially the short one.
If you genuinely like to see a coin like Quark to succeed in the long run, I suggested that you voice your security concerns to the Quark Foundation, who will forward it to the developers and I furnished you with the appropriate link to do so.
I think the developer who created a coin this ingenious coin is not stupid and if there is indeed a threat, he is taking, or maybe already has taken the necessary precautionary steps to guard against any adverse attacks. Sorry, if I misunderstand your intention. I think you did miss my intention with that. I was attempting perhaps poorly to draw a parallel to the idea of the Tragedy of the Commons.
That is to say, the people who mine quarkcoin get some advantage out of it largely non-economical, but still, some advantage , but people who don't mine also get that same advantage.
The Quarkcoin network would be almost exactly as well-supported if I chose to let other people take the economic hit on mining instead of choosing to mine with my own computer s , which means that the individual can have the best of both worlds no economic loss in mining and reasonable security if and only if the majority of others make the economic sacrifice to secure the coin. I posed that question because I was curious what someone in that position people essentially donating their mining time would think of this setup mining is not economical versus a higher maintenance coin mining is a net economic gain.
I do not think that, say, Bitcoin miners carry any resentment towards non-miners, since they are being paid more than their costs at least, they are if they made wise investments in hardware. I posed that question to try to figure out if the same holds true in Quarkcoin. Where would the world be if people were thinking in perfect accordance with your neat rational models? The greatest achievements in all human pursuits were done for passion and motivations other than short term economic gains.
Here is the crux of your the flaw in your thinking: QuarkCoin is an economic experiment to nullify the mining arm-race so time will say how it navigate mining economics in future.
So, comparing apple to orange will not help here QuarkCoin postulates in opposition of mining race in case of Bitcoin. I already mentioned coins can be created without any mining activity. We can go whole day finding interpretations of interpretations. I would say we are all biased http: But I would recommend you to design a better coin that satisfy your expectation and let the world of "Common People" know and stop them doing "economic sacrifice" rather than wasting your precious??
Its not rocket science ,if you have a computer mining other scrypt coins they are using the GPU to mine ,so you may as well have the CPU mining and earning money as well: I respect the discussion you bring up and you always make good points! While I am another Quark supporter who you probably couldn't understand, I would like to say that I understand you and hope you continue to stimulate great discussion! My quad core i7 doesn't get dangerously hot even after days of straight mining and I don't notice any difference in my electric bill, so why not?
Besides I don't have time to figure out these other coins and get those wallets and find out how to mine them. Mining Quark, it's easy. As to why I prefer Quark to other coins, I feel like Quark is far more viable in the long run that Bitcoin or other coins with hard caps on the number of coins.
Due to coin loss BTC will one day no longer be in circulation. That day may be hundreds of years from now, but I like to plan ahead. Furthermore, with 30 second blocks, QRK is much more amenable to being an everyday payment method. Unless you're using a third party wallet service like bitpay or Coinbase, in which case you may as well use a bank or paypal you can't really conveniently buy a hot dog from a street vendor or pay for your gas or pay at the McDonalds drive through with bitcoin.
You could theoretically do all of this with QRK, and without having to use a third party service. I think QRK solves those two glaring problems with bitcoin and I have this feeling that when it all shakes out, QRK will be one if the last altcoins standing, and it will still be with us long after the bitcoin network dies out from a lack of transactions.
What the hell else am I going to do with my PC while it sits around all day doing nothing? I could tell it to fold proteins, decrypt SETI transmissions if that project is still going , or some other shit and it still costs money in electricity but it's not like we're running up thousands of dollars in costs every month. I don't even notice it. Yeah, I could buy the Quarks and "invest" my money that way if I wanted to, but I also am not using the resources at my disposal to their fullest capacity when I am not not mining.
Besides, if the price of Quark does go up, then it suddenly does become profitable to both buy and mine, and there's a lot less risk in mining. The benefits to Quark itself and the network are a nice by-product of my completely selfish desires to do something cheap, easy, and to my own benefit.
Become a Redditor and subscribe to one of thousands of communities. QuarkCoin submitted 3 years ago by Koooooj. Have I completely botched my math and Quark Mining is profitable?
Are people mining for some other reason entirely? Want to add to the discussion? There really aren't many CPU exclusive coins to mine, so Quark isn't competing with 10 million scrypt clones. I'm sure this is a bigger problem for low reward GPU-mineable coins. Many people see mining coins as an investment. I'd imagine it's actually lower risk to mine different coins on several computers in proportion to their profitability, again relating to the volatility of the markets.
Supporting the network for altruistic reasons. Yes, please educate them so that they can mine a profitable coin: Want to mine in the cloud off a virtual server? Click here There are 2 ways you can mine, solo or part of a pool. When mining alone, it takes a bit of luck to 'find' Quark coins, but when you do solve block, all of the coins related to that block are yours to keep. While this is enticing for the beginner, you are better off mining in a pool. Pool mining is where computers work together to solve each problem.
Because there are more computers working, you will find coins much quicker. However, the coins are divided up amongst the whole pool giving each individual the percent of workload their computer performed. In summary, solo mining yields large, infrequent coins while pooled mining gives small, frequent payouts. Below is a list of the active Quark Coin Pools that you can join: We first want to show you how you can mine solo on your own without joining a mining pool.
More on mining pools later. To mine solo, there is nothing you need to compile or have to write any fancy code. For Windows you can download the QT wallet below: Windows wallet 64 Mac OSX wallet You will need to wait for the blockchain to download if this is your first time using the wallet.
Be patient it can take awhile. So go watch your favorite TV series and come on back. Open up a text editor and input the following below: Once create, open up your Quark wallet folder and place your. You may need to search for 'Quarkchain' to find your wallet folder. When the Debug window is open click on 'Console'. In the input box at the bottom of the window type 'setgenerate true' and hit 'Enter'.
Congratulations you have just begun to mine QuarkCoin! To check that your PC is indeed mining type 'getmininginfo' in the box. More on mining pools later. To mine solo, there is nothing you need to compile or have to write any fancy code. For Windows you can download the QT wallet below: Be patient it can take awhile. So go watch your favorite TV series and come on back. Open up a text editor and input the following below: Once create, open up your Quark wallet folder and place your.
You may need to search for 'Quarkchain' to find your wallet folder. When the Debug window is open click on 'Console'. In the input box at the bottom of the window type 'setgenerate true' and hit 'Enter'. Congratulations you have just begun to mine QuarkCoin! To check that your PC is indeed mining type 'getmininginfo' in the box. This will display a range of mining stats including difficulty and hashrate. To stop the mining process just type 'setgenerate false' in the box and your PC will stop mining.
First download the Quark wallet for Mac When you first open the client, you will need to download the entire blockchain which can take awhile. Go get a quick bite to eat and come back. Next you will need to create a quarkcoin. Just open Text editor and copy and paste the following: Depending on the OSX, it is possible to go straight to mining without creating a. Mining in a Pool on Windows To mine in a pool you first need to join one.
We will join this pool for demonstration: It may be different for everyone. Once you are able to pool mine on one, the process is similar for other pools. Sign up on the website above or similar pool and create an account. Register with the pool and remember your PIN as you will need it later.
However, the coins are divided up amongst the whole pool giving each individual the percent of workload their computer performed. In summary, solo mining yields large, infrequent coins while pooled mining gives small, frequent payouts. Below is a list of the active Quark Coin Pools that you can join. 9 May Manual payout limit: QRK posted by admin. Dear miners,. Due to the QRK wallet limitations, the system is unable to process single manual payouts larger than QRK. Please do not request manual payouts larger than the above amount. Regards,. wearebeachhouse.com Admin. Quark. Contact · Terms and Conditions. New users: Our pools uses the general registration for all cryptocurrencies! Pool Fee: 2% /// Stratum VarDiff port: stratum. wearebeachhouse.com /// Additional VarDiff port for NiceHash or MiningRigRentals - Port: wearebeachhouse.com Pool restored after FORK! Login with existing account.