[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[luv2mine]

why are you guys fighting and voting and paying to get on exchanges when https://xnigma.com is trading it now.  If you guys are not happy with the volume and prices.....fix it.

+1

forget about cryptorush... that place sucks. 

[lametom]

any exchange addition is good for the price at this point. its not a fight, i would just like to see octocoin reach more exchanges and hear some updates from the developers about what the coin is supposed to be used for.

[mdawg]

any exchange addition is good for the price at this point. its not a fight, i would just like to see octocoin reach more exchanges and hear some updates from the developers about what the coin is supposed to be used for.

Lameton I agree I just see a lot of ppl wanting more exchanges but the ones currently trading the coins are not seeing a lot of volume buy or sell.  Is everyone hording the coins?

[frameLAlife]

i'm not a fan of cryptorush but i've traded there before. mintpal is a really great site minus the lower volume. the site does work well.

as for https://xnigma.com, there is nothing wrong with trading there. go for it. the more exchanges we get on the better for the coin.

[frameLAlife]

any exchange addition is good for the price at this point. its not a fight, i would just like to see octocoin reach more exchanges and hear some updates from the developers about what the coin is supposed to be used for.

Lameton I agree I just see a lot of ppl wanting more exchanges but the ones currently trading the coins are not seeing a lot of volume buy or sell.  Is everyone hording the coins?

I would think yes most are hoarding. Most probably will until it get's on more well-known exchanges. And I don't think most want to sell so low while the 888 block reward is here. I would think it will naturally pick up after the first 8 days.

[homey108]

FusionHash has had a steady >51% hashrate/network since the launch.  This can't be a good thing. I've seen ethical pools freeze new registrations and actively try to keep the network healthy, no such efforts here.

[edric]

any exchange addition is good for the price at this point. its not a fight, i would just like to see octocoin reach more exchanges and hear some updates from the developers about what the coin is supposed to be used for.

Lameton I agree I just see a lot of ppl wanting more exchanges but the ones currently trading the coins are not seeing a lot of volume buy or sell.  Is everyone hording the coins?

I would think yes most are hoarding. Most probably will until it get's on more well-known exchanges. And I don't think most want to sell so low while the 888 block reward is here. I would think it will naturally pick up after the first 8 days.

Yes, I agree, definitely going to pick up after the 8 days is up, providing it keeps people's interest. The net hashrate has really died off, I'm hoping it picks up overnight with people sleep mining.

On another note, we didn't get much in the way of tech specs. Does anyone know officially how many confirms this coin needs?

[edric]

FusionHash has had a steady >51% hashrate/network since the launch.  This can't be a good thing. I've seen ethical pools freeze new registrations and actively try to keep the network healthy, no such efforts here.

A good reason to mine at my pool. That and a chance at the 25% prize next Saturday!

[Radi777]

I like cryptorush!

[edric]

I have been investigating much deeper into the errors where some transactions were not paid out, which causes pool cronjobs to stop. It involves the RPC call not returning a 200 OK along with a TXID, and there are a few coins including DogeCoin whose wallets are apparently susceptible to this. It seems that OctoCoin may indeed have this problem as well. According to the MPOS developer, when this problem occurs it's a difficult situation to handle correctly for the pool software because of the risk of double payouts. This situation is described in depth at https://github.com/MPOS/php-mpos/issues/1593

We are not processing a large quantity of payouts at any given time yet are still sporadically experiencing this error. If any developers have any insight into this it'd be great to hear it.

 Rest assured, though, that I have a red flag for any of these errant transactions and they will be manually sent as soon as I see them, though any error from now on will shut payouts off and you will see the "Investigating issues in the backend" message until I restart the payout cron. If this happens while I'm in bed or away, please do not worry, I will fix it ASAP, and in the meantime your shares and coins are quite safe.

[edric]

I'm going to bed, if anything gets stuck, everyone will get paid in the morning. Tomorrow I'm going to work on the problem some more. Investigating this has left me with lots of questions. Either there's some glitch with the wallet or MPOS not playing nicely, or it could even be that orphaned block causing issues as well, as the last error's payout log mentioned insufficient funds, though I'm unsure if we really ARE a block behind. Something is still a tad funny but everyone's getting paid one way or another. Definitely had my plate full! Good night

[ethought]

I'm going to bed, if anything gets stuck, everyone will get paid in the morning. Tomorrow I'm going to work on the problem some more. Investigating this has left me with lots of questions. Either there's some glitch with the wallet or MPOS not playing nicely, or it could even be that orphaned block causing issues as well, as the last error's payout log mentioned insufficient funds, though I'm unsure if we really ARE a block behind. Something is still a tad funny but everyone's getting paid one way or another. Definitely had my plate full! Good night

I had a look at your pool and noticed you are crediting blocks after 60 confirms.

If you look at the source code for 888 you will notice that coins are not credited to your client until 120 confirms.

That could be your problem if you are having insufficient funds problems.

[OctoCoin]

Due to the initial DDoS attacks on the nodes and at FusionHash, there were an abundance of early blocks that became orphans after shares had already been paid out (it essentially became an unintentional ponzi scheme.) Many early miners at FusionHash were paid out on blocks that were actually orphans resulting in other early miners not being paid out on their shares because of insufficient coins.

All shares at FusionHash are logged and accounted for, but a number of people who have shares in the first 400 blocks did not receive their full payouts. Instead of continuing the "ponzi scheme" they simply skipped over the affected shares to resume normal operation and decided to address the issue once they had mined enough OctoCoins and received enough fees to pay everybody their full share.

As soon as we discovered what had happened, we sent FusionHash about 25% of our 0.8% OctoCoin premine to help them cover all owed shares. There is no reason why they should have to pay out using their own OctoCoins that they have earned/mined when the issue was just as much our fault as theirs.

FusionHash has sent an Email out to a number of affected miners at their pool. If you believe you have been shorted and did not receive this Email, please contact:

[email protected]

Include your FusionHash user name, registered Email address, and your OctoCoin address. If you are owed coins, they will investigate and you will be paid (we will work with them to make sure of it.) Keep in mind they have over 3000 accounts registered at their OctoCoin pool as of this post so please don't randomly message them hoping to score a few bonus coins if you don't truly suspect a discrepancy - it is a time consuming process and their time is better spent building out their new products and services. They have assured everyone that not a single share is missing in the database. Beyond the early issues, everything has been running great over there for over 36 hours now - the issue primarily just affected some early miners.

I'll leave it up to FusionHash to issue a formal apology/etc but rest-assured everybody will be paid. Thanks for supporting OctoCoin guys - it only gets better from here.

[OctoCoin]

Just wanted to add that we are a bit behind schedule due to the issue outlined above as well as a demanding SXSW 2014 schedule, but we are about to start releasing some of the promised items. This first wave of releases will be pretty basic stuff but obviously mandatory.

Please continue to check the top post and/or website for updates. One of our developers just completed the Reddit Tip Bot as well and we will release that tomorrow at the latest (still testing it out to ensure it's ready to put into production - this is the first time any of us have used a Reddit Tip Bot.)

[Zellor224]

Yup, I wont stop mining this week for sure. Still, I want to trade OCTO vs Coin2. PM me (:

[makishart]

cant imagine that in a few days you only get 10% of the coins you get now, and if there will be more hashrate you only get a few coins per day, so just enjoy this moment  

actually is 21.17%

[djslick]

Due to the initial DDoS attacks on the nodes and at FusionHash, there were an abundance of early blocks that became orphans after shares had already been paid out (it essentially became an unintentional ponzi scheme.) Many early miners at FusionHash were paid out on blocks that were actually orphans resulting in other early miners not being paid out on their shares because of insufficient coins.

All shares at FusionHash are logged and accounted for, but a number of people who have shares in the first 400 blocks did not receive their full payouts. Instead of continuing the "ponzi scheme" they simply skipped over the affected shares to resume normal operation and decided to address the issue once they had mined enough OctoCoins and received enough fees to pay everybody their full share.

As soon as we discovered what had happened, we sent FusionHash about 25% of our 0.8% OctoCoin premine to help them cover all owed shares. There is no reason why they should have to pay out using their own OctoCoins that they have earned/mined when the issue was just as much our fault as theirs.

FusionHash has sent an Email out to a number of affected miners at their pool. If you believe you have been shorted and did not receive this Email, please contact:

[email protected]

Include your FusionHash user name, registered Email address, and your OctoCoin address. If you are owed coins, they will investigate and you will be paid (we will work with them to make sure of it.) Keep in mind they have over 3000 accounts registered at their OctoCoin pool as of this post so please don't randomly message them hoping to score a few bonus coins if you don't truly suspect a discrepancy - it is a time consuming process and their time is better spent building out their new products and services. They have assured everyone that not a single share is missing in the database. Beyond the early issues, everything has been running great over there for over 36 hours now - the issue primarily just affected some early miners.

I'll leave it up to FusionHash to issue a formal apology/etc but rest-assured everybody will be paid. Thanks for supporting OctoCoin guys - it only gets better from here.

This warms my heart to hear.

Each step a new endeavour makes is foundational to it's future success. You have been clear, concise, and honourable. To know that the developers of OctoCoin are standing shoulder to shoulder with anyone facing a discrepancy in their early mining instils much confidence.

[he-man]

Edric, I was hashing at fusion, but seems like I get much more at your pool , I should have gone to you at start.
Its nice to see the pool admin reply Thx.

[frameLAlife]

Just wanted to add that we are a bit behind schedule due to the issue outlined above as well as a demanding SXSW 2014 schedule, but we are about to start releasing some of the promised items. This first wave of releases will be pretty basic stuff but obviously mandatory.

Please continue to check the top post and/or website for updates. One of our developers just completed the Reddit Tip Bot as well and we will release that tomorrow at the latest (still testing it out to ensure it's ready to put into production - this is the first time any of us have used a Reddit Tip Bot.)

Nice! I can't wait to see what's in store

[frameLAlife]

The current votes for 888 at cryptorush.in is 68. The top voted coin is IQD DinarCoin with 13,646.

The current votes for 888 at mintpal.com is 82. The top voted coin is USDe with 75,104.

If you haven't voted, please do so. It's easy. Just sign up for the exchanges. Make at least one small trade so that you have a trade history. Cryptorush.in lets gives you 4 votes per hour as a noob. Mintpal.com gives you 5 votes per hour.

Let's keep voting 888 to the top!