[ANN] Guncoin(GUN) - GUN Core V2.0 - New Exchange for Guncoin

[lifeforcepools]

Quick Question from Lifeforcepools here.

http://gun.lifeforce.info


to confirm...

at block 120,000 can I just compile the new wallet and keep my existing wallet.dat and block chain data so that people can withdrawal their coins if they don't have GPU's to mine with the new algo and allow people with GPU's to continue to mine after I update my stratum?

Lifeforce Pools:

You can compile the new wallet that we have on GitHub today and all your pool miners will still work normally and you should see no difference - we designed it that way to give users, pools and exchanges time to change over with no impact.  When we get to block 120,000 next week, you would have to do nothing.  The code will take care of the change.  It is better to upgrade now and make sure it works rather than wait till the last minute.  FYI, Imperial Coin (IPC) just did the exact same thing yesterday.  They released their code and had a delayed switchover to Neoscrypt.  The first hour was a little slow because people waited till it stopped working to switch over and the difficulty was a little high.  So it took about 20 minutes to find the first block.  Right now, it is running smoothly.  We anticipate the same process for GUN.  We really appreciate your support of GUN to this point and hope you will continue supporting GUN with your pool.

how''s this look?

Code:

root@ns500637:/home/bin# ./guncoind getinfo
{
    "version" : 1010000,
    "protocolversion" : 70003,
    "walletversion" : 60000,
    "blocks" : 116300,
    "timeoffset" : 0,
    "connections" : 2,
    "proxy" : "",
    "difficulty" : 5.43687433,
    "testnet" : false,
    "keypoololdest" : 1413999096,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}
root@ns500637:/home/bin# 

[damm315er]

Quick Question from Lifeforcepools here.

http://gun.lifeforce.info


to confirm...

at block 120,000 can I just compile the new wallet and keep my existing wallet.dat and block chain data so that people can withdrawal their coins if they don't have GPU's to mine with the new algo and allow people with GPU's to continue to mine after I update my stratum?

Lifeforce Pools:

You can compile the new wallet that we have on GitHub today and all your pool miners will still work normally and you should see no difference - we designed it that way to give users, pools and exchanges time to change over with no impact.  When we get to block 120,000 next week, you would have to do nothing.  The code will take care of the change.  It is better to upgrade now and make sure it works rather than wait till the last minute.  FYI, Imperial Coin (IPC) just did the exact same thing yesterday.  They released their code and had a delayed switchover to Neoscrypt.  The first hour was a little slow because people waited till it stopped working to switch over and the difficulty was a little high.  So it took about 20 minutes to find the first block.  Right now, it is running smoothly.  We anticipate the same process for GUN.  We really appreciate your support of GUN to this point and hope you will continue supporting GUN with your pool.

how''s this look?

Code:

root@ns500637:/home/bin# ./guncoind getinfo
{
    "version" : 1010000,
    "protocolversion" : 70003,
    "walletversion" : 60000,
    "blocks" : 116300,
    "timeoffset" : 0,
    "connections" : 2,
    "proxy" : "",
    "difficulty" : 5.43687433,
    "testnet" : false,
    "keypoololdest" : 1413999096,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}
root@ns500637:/home/bin# 

Looks to me like that difficulty is a little high to just be GPU's, so the scrypt miners are still working... (except mine which is currently reporting 1.65 mh/s when it should be 16.5 mh/s, perhaps I need to reboot)

[lifeforcepools]

Quick Question from Lifeforcepools here.

http://gun.lifeforce.info


to confirm...

at block 120,000 can I just compile the new wallet and keep my existing wallet.dat and block chain data so that people can withdrawal their coins if they don't have GPU's to mine with the new algo and allow people with GPU's to continue to mine after I update my stratum?

Lifeforce Pools:

You can compile the new wallet that we have on GitHub today and all your pool miners will still work normally and you should see no difference - we designed it that way to give users, pools and exchanges time to change over with no impact.  When we get to block 120,000 next week, you would have to do nothing.  The code will take care of the change.  It is better to upgrade now and make sure it works rather than wait till the last minute.  FYI, Imperial Coin (IPC) just did the exact same thing yesterday.  They released their code and had a delayed switchover to Neoscrypt.  The first hour was a little slow because people waited till it stopped working to switch over and the difficulty was a little high.  So it took about 20 minutes to find the first block.  Right now, it is running smoothly.  We anticipate the same process for GUN.  We really appreciate your support of GUN to this point and hope you will continue supporting GUN with your pool.

how''s this look?

Code:

root@ns500637:/home/bin# ./guncoind getinfo
{
    "version" : 1010000,
    "protocolversion" : 70003,
    "walletversion" : 60000,
    "blocks" : 116300,
    "timeoffset" : 0,
    "connections" : 2,
    "proxy" : "",
    "difficulty" : 5.43687433,
    "testnet" : false,
    "keypoololdest" : 1413999096,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}
root@ns500637:/home/bin# 

Looks to me like that difficulty is a little high to just be GPU's, so the scrypt miners are still working... (except mine which is currently reporting 1.65 mh/s when it should be 16.5 mh/s, perhaps I need to reboot)

yes - scrypt mining is supported until block 120,000

[GuncoinInfo]

Yes, for GUN, we are still mining scrypt, so all the parameters you are looking at should should look the exact same as before your upgrade and the performance of the wallet and mining should be the same.  You may look to IPC to see what there hash rate and parameters look like since they just switched to Neoscrypt successfully yesterday.

Keep in mind that all the ASICs people are mining with right now, including the ones I have mining GUN will stop working at Block 120,000 for GUN.  So only the miners who have already switched over and have CPUs and GPUs ready to go will work at Block 120,000.  What we saw on IPC was that the hash rate (for a lot smaller community than GUN) was running about 300 KH/s after the switchover - my laptop was mining it at about 4KH/s.  Now that the word is getting out and more users are finally getting their CPUs and GPUs, the hash rate is up to 1.5 MH/s.  But keep in mind, no matter what the hash rate is , the same number of coins are still being distributed.  Over 300,000 have been mined since the IPC switchover yesterday morning.  I expect the same thing with GUN, except with bigger numbers since our community is bigger. 

[Dabs]

What's the estimated date and time for block 120,000? I'll just be cpu mining, hehe.

[damm315er]

What's the estimated date and time for block 120,000? I'll just be cpu mining, hehe.

About 4.3 days from now or Monday afternoon EST..

[GuncoinInfo]

What's the estimated date and time for block 120,000? I'll just be cpu mining, hehe.

About 4.3 days from now or Monday afternoon EST..

We anticipate that this will go smoothly like the other coins who have switched.  Please make sure that you have your new wallets for Neoscrypt up and running before hand.  We know there will be at least two pools available and we will make sure their information is available before the switchover.

[damm315er]

The network hashrate is still climbing on gun..  It's about doubled since the announcement of the switch, from the low 90's to over 200 mh/s.

And still a lot of guesswork on GPU mining for neoscrypt, so CPU's will likely be the majority of the mining after the switch.

[GuncoinInfo]

The network hashrate is still climbing on gun..  It's about doubled since the announcement of the switch, from the low 90's to over 200 mh/s.

And still a lot of guesswork on GPU mining for neoscrypt, so CPU's will likely be the majority of the mining after the switch.

Hey I am perfectly OK, with nothing but CPUs mining GUN for a while.  Been watching IPC since the switchover.  They got 15-20 Miners in one pool, all but 3-4 just running CPUminer - probably laptops - including mine.  I am getting about 100 coins every 1-2 hours.  They are doing 1000 coins/block at 5 minute intervals.  So you can do the arithmetic for GUN and figure out what we would be doing.  What we will see is far more miners than ever before.  Many have had no ASICs and will not even bother to try mining with CPUs or even GPUs - once we switch to Neoscrypt, the field is leveled.   When all is said and done - the same number of coins will get mined each day if the total hash rate is 300 MH/s or 3 MH/s I think and I am willing to bet it will be more miners contributing to the 3 MH/s mining effort.

[lucazane]

ready for neoscrypt  https://gun.theblocksfactory.com/

[GuncoinInfo]

ready for neoscrypt  https://gun.theblocksfactory.com/

Excellent news - thanks so much.  Hopefully, out switchover will go as well as the IPC one did last week.  We appreciate your adding GUN to your pool and the fact that your pool has been successful with Neoscrypt coins recently.  We will add you to our website and get some backlinks to our page in your pool - thanks again!

[damm315er]

YIPPIE!!!  Stickers are coming this week!!!

[damm315er]

Looks like the algo switch is going to end up being a little before 3am EST tomorrow morning. 

Perfect timing, if you have insomnia..   

[GuncoinInfo]

Looks like the algo switch is going to end up being a little before 3am EST tomorrow morning. 

Perfect timing, if you have insomnia..   

Either get up early or stay up late.

[damm315er]

Looks like the algo switch is going to end up being a little before 3am EST tomorrow morning. 

Perfect timing, if you have insomnia..   

Either get up early or stay up late.

I think I'm gonna aim for the 'get up early', as the alarm clock goes of at 4:45 and switchover is a lot closer to that.  Staying up late, would make for a rough day at work the next day... 

[vesperwillow]

So, why was the algo being switched? I'm just curious. Because ASIC increases nethash and security, so logically that's not the reason right?

[damm315er]

So, why was the algo being switched? I'm just curious. Because ASIC increases nethash and security, so logically that's not the reason right?

One of the reasons is because the coin is trying to get beyond forums and exchanges into the real world, where users can mine their own coin without having to buy an asic.

[vesperwillow]

So, why was the algo being switched? I'm just curious. Because ASIC increases nethash and security, so logically that's not the reason right?

One of the reasons is because the coin is trying to get beyond forums and exchanges into the real world, where users can mine their own coin without having to buy an asic.

One of the more creative responses I've seen.

[GuncoinInfo]

So, why was the algo being switched? I'm just curious. Because ASIC increases nethash and security, so logically that's not the reason right?

I gave a lengthy explanation with the announcement about a page or two back in this thread and not going to rehash it here (no pun intended).  Actually, Neoscrypt is much MORE secure than Scrypt and the small hash rate is not a bad thing if it brings in more miners and it will based on IPC that switched over last week - lots more miners than ever before.  Most importantly, we want to bring in non-crypto users.  More details and the rest is in the previous post.......

So just as a reminder to all, there are only a few more hours until GUN switches from SCRYPT to NEOSCRYPT - probably around 12 hours or so.  At this time, we have two pools supporting the Neoscrypt switchover so far.  They are listed on the main website and initial post of this thread.  We have Windows and Linux wallets ready at this time - having problems with out Apple environment, so that one is still missing.  So get your new wallet & get ready !

[GuncoinInfo]

So, why was the algo being switched? I'm just curious. Because ASIC increases nethash and security, so logically that's not the reason right?

One of the reasons is because the coin is trying to get beyond forums and exchanges into the real world, where users can mine their own coin without having to buy an asic.

One of the more creative responses I've seen.

It is a true statement - we want a currency that all firearm users can mine and spend - not just a virtual coin that spends its life being traded by crypto traders.  ASICs just do not figure into that equation.  It will be hard enough to convince an East Texas gun store to use GUN for a currency, much less tell him he has to spend $1000 on an ASIC to earn 100 GUN per week just compete with the ASIC farms.  Letting his laptop run overnight and getting 10 coins is a much easier selling point and attractive to a wider audience.  Based on the IPC switchover last week, the number of miners increased by a factor of 10 and the prices tripled .......