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Messages - oldambtster

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1
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: February 16, 2017, 09:06:00 am »
Hi Torum minter,

Well, it has been a while, but it seems TORUM ᚦ can still be minted the easy way. Difficulty has gone to 2, meaning you need to MHashes in double the amount of the TORUM ᚦ you want to get per NXT spend.

About 634 billion TORUM ᚦ have been minted so far, so still a lot to get!  8)

Have a great day!



How will it be at the Ardor chain?

2
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: July 14, 2016, 08:02:36 am »
Thanks for the update.

I still hold some TORUM and will follow its way.
Maybe Ardor brings life back to all the monetary system coins...

Think that Ardor will completely release the Monetary System through the side/sibling/childchains. It is going to be exciting as far as I can imagine the implications. Blockchain 3.0 it is, because Ether was 2.0 and it, well, let's say I have more gut feeling about things like Bitshares/Steem and NXT/Ardor... These are to change the way we go about using the Blockchain technology.

In my humble opinion...  :D

Good to have you aboard!

3
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: June 28, 2016, 09:14:03 am »
It has been more that 120 days, allready? Well, yes, I still want to post in here.  :P

TORUM ᚦallready made it to 630 billion mined, this is just a small piece of the current pie of 15 trillion. So there is still some to go, but why should anyone want to?

It looked like the Monetary System was a cool idea, but at the current level not very promising for the future. And then came the announcement of Ardor, or NXT 2.0! Now this could be the NXT big thing, really, because it would mean that TORUM ᚦ will get it's own childchain. And, even more important, TORUM ᚦcould be traded freely within the Ardor system.

Maybe not be over excited, but something really big seems to be happening at the NXT developement with the arrival of Ardor...

For TORUM ᚦ this would mean liberation of the current chain. Almost can't wait for the future to happen...

4
Valt hier nog wat te halen..  ;D

NXT-23AN-H49Y-PXEC-AK7XM

Voorlopig even niet.  ;)
In afwachting van verdere ontwikkeling NXT MS.

5
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: April 01, 2015, 07:36:34 am »
Almost 300 billion TORUM have been minted at the moment of writing. Not much news from the Monetary System in NXT. The best is yet to come. The decentraliced exchange, what could be done NXT?

Today is the ideal day to get some attention for TORUM, so a Tweet was send that the municipality of Oldambt will use the TORUM as its own crypto valuta. The first in the Netherlands to do so! And maybe even on a global scale...

Now, before you get all over excited, look at today's date...  ;D

Happy minting TORUM and have a nice eastern!

6
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: March 14, 2015, 10:35:19 am »
How about the intrensic value of TORUM? Since it is not 'claimable', nor does it have any other Monetary System setting, besides that it is mintable. Very easy SHA3 minting that is. So, how can one put an intrensic value on a virtual currency like TORUM?

It's all in the Mint? Well, it would be, for a part.

Some math...
Code: [Select]
Maximal Units Supply:   15'090'000'000'000 ᚦ
That is a lot of TORUM, but allthough it is relative easy to mint, if you have like an AMD 280x or 290x f.e., you can only get a fraction of the total amount to be released. This is set by the NXT Monetary System at 1/10.000th of the maximal supply.

So, if you have the hardware for it and use NXTmint 1.6 ( or higher ) you could mint 1'509'000'000 TORUM within a certain time-frame. Even if your top-notch hardware could do this kind of minting, you'd still need to have 5'000 NXT available to do so, until half the coins have been minted.

After that you need hardware with double the minting power, when you would want to keep up the pace. But still, another 5'000 NXT would be needed at a minimum.

So it is fair to state that 15'090'000'000'000 TORUM at the very least has an intrensic value of 10'000 NXT. This does not consider the real fact that is will be hard to mint in blocks of 1'509'000'000 TORUM at a time. Nor the fact that someday new computer hardware has to replace the current.

A little sidestep...

To compare it to Crypto Valuta with 8 decimals, from a different Blockchain, TORUM 'only' has three, this would compare to 'coins' that will release about 150'900'000[,00.000.000], just a 150 Million if it TORUM had been released on a different Blockchain.

Just to give you a different view on the seemingly extreme amount of TORUM...

Back to the intrensic value of TORUM

Currently the price of 1 TORUM is set to 0,00.001 NXT, which could seem very low, but actually it is not that bad at all. On my energy saving system ( 18 WATT TDP ) I can mint, within a few hours time, about 60 Million TORUM. This is about 8 Euro worth, virtual ( NO GUARANTEE WHAT-SO-EVER ), when calculated at current market prices.

Now, when you have a thousand times that amount, that would be 8000 Euro in Value. If it were sold at the exchanges at that price. Some minters did actually sell TORUM, but to be fair, it is very quiet on the NXT Monetary System Market.

Still in potential, that is virtual ( NO GUARANTEE WHAT-SO-EVER ), 150'900'000 TORUM  * 0,01.249.4 ( EUR / NXT ) = 1'885'344,60 EURO

( Latest price NXT http://coinmarketcap.com/currencies/nxt/ )

Now that is almost 2 million in Euro. But again, that is pure fictional intrensic value, but based on the current, lowest possible, exchange value. ( Now I'm almost sorry I have given away all the preserved TORUM and then some more, hahaha. )

Will it be worth it to go get those TORUM?

Well, Webwallets do not yet support the NXT Monetary System by default. And the best features have yet to be build into the NXT blockchain. Like trading directly in TORUM, or exchanging TORUM for other NMS Crypto Valuta in the Blockchain. That would really hit things off big time. Unfortunately, there is no time-schedule when some of those features will be implemented. So your guess is as good as mine.

Still there are more NXT Monetary System based Crypto Valuta released every day. Some even more loving and hugging than TORUM.  :D

There is a value, it is virtual intrensic set to 0,00.001 NXT per TORUM, and it can be used in some Online Wallet, when you purchase the Module to use it. ( Have only tested one, so far, have to admit. ) But it could be used, allready. One could earn them by listening to my online radio station, for example. ( Read that use of NMS in a comment elsewhere in this forum. )

All it would take is a NXT server running some-where at a mini-computer to make that work, I guess. Purely used for TORUM, in this case. But it will still need NXT to work, that' is a big downside. Allthough that also would give extra value to TORUM, in a sence.

All in all, TORUM has some intrensic value set by the initial exchange price of 0,00.001 NXT, which is virtual and has no guarantee what-so-ever, it is minimal but could still create a market of about 2 million Dollar, a bit less in Euro. And when the needed Monetary System exchange additions have been programmed into the NXT blockchain it could really take off.

So, hold on to your TORUM for now, the best is yet to come...

7
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: March 09, 2015, 09:29:01 pm »
TIP on minting TORUM SHA3, for those Billionaire Minters, who almost cracked the 100 Billion border:
If you have the hashing power available. The limit is 1'509'000'000 ᚦ per mint at the most.

This means a difficulty of 3'018'000'000, until half of all TORUM are minted.
After that difficulty will rise to 7'036'000'000 if you go for the maximum TORUM to mint.

NXTmint Java Minter works great on high end GPU's, it seams. But to get those amounts of TORUM you'll probably need one or more GPU's blasting at least 150MHps... (Yep, that is a wild guess.)

Minting 1'509'000'000 ᚦ at a time is the maximum set by the NXT Monetary System, being 1/10'000st of the total amount of TORUM to be released.

There is one minter who is about to top the 100 Billion TORUM!
It is almost like in Highlander...  :D

8
Nxt Monetary System / Re: [ANN] TORUM - SHA3 - Easy minting
« on: March 04, 2015, 03:52:55 pm »
Well, TORUM is not the hottest climber of the day, but it is in the Cryptocoin Charts.

So now the NXT Monetary System is visible at the Cryptocoincharts, thanks to an exchange in TORUM with a marketvalue of about 0,28 BTC.

 8)

9
Daar schrijf ik me graag voor in! Leuk idee en succes ermee ;)

NXT-KDPE-5EZ8-VCU8-65ADP

Omdat de zon schijnt in mooi Oldambt: http://www.nxtportal.com/transactions/7531150532765430193  8)

10
Daar schrijf ik me graag voor in! Leuk idee en succes ermee ;)

NXT-KDPE-5EZ8-VCU8-65ADP
:)

De gereserveerde 6 Miljoen zijn al geschonken.

Maar vanwege de sympatieke reactie eenmalig 3 miljoen uit eigen mints.

11
Veel wordt er niet gepost in het Nederlandstalige deel van dit forum :)
Dus een weggeefactie is in het Nederlands is dan eens zo leuk!

NXT-TH5L-YUSA-B79L-D8PXL

Zie hier de transactie in de NXT Blockchain: http://www.nxtportal.com/transactions/9405584474732980200

Prettig weekeinde!

12
Veel wordt er niet gepost in het Nederlandstalige deel van dit forum :)
Dus een weggeefactie is in het Nederlands is dan eens zo leuk!

NXT-TH5L-YUSA-B79L-D8PXL

Gefeliciteerd PureVision de 6 Miljoen komen zo jouw kant op!

13
Dutch (Belgium, Netherlands, et al) / 6 miljoen TORUM ᚦ om weg te geven
« on: February 27, 2015, 01:23:08 pm »
TORUM ᚦ is een NXT Monery System Crypto Valuta, kortweg NMSCV. Tijdens het aanmaken werd er 6 miljoen gereserveerd, op een totaal van 15 Biljoen maximaal SHA3 te minten. Dat minten gaat eenvoudig, ook met mint.sh ( linux / mac ) of mint.bat ( win ), mintdrempel tussen 1 en 2. Meer info over de TORUM ᚦ is te vinden in het Engelse deel van het NXT forum.

En zoals belooft tijdens de aankondiging worden de gereserveerde 6 miljoen TORUM ᚦ weggegeven. Leuk om dat hier te doen, aangezien het een Nederlandse, oet 't Oldambt in noord-oost Grunn, NMSCV betreft.

Regel? Heel eenvoudig, slechts een. Plaats een reactie met je NXT account en wie het eerst komt... Dan wordt het over geboekt en als bewijs volgt de koppeling naar de transactie ketting als volgende reactie.

Prettig weekeinde toegewenst uit mooi Oldambt!

Zie de oorspronkelijke creatie bevestiging van TORUM: http://www.nxtportal.com/currencies/2283314714111119148

14
Nxt Monetary System / Re: NxtMint Java minter
« on: February 22, 2015, 08:47:24 am »
Guess my system is just very slow, tried several settings stays about same value in (K)Hashes.  :-\
Is SHA3 that more hard than SHA256 for example?

Ah well, got NXTminer working, minting with CPU and GPU.  8)
I get 32 MH/s mining Torum using an NVIDIA GT 720.  I've come to the conclusion that AMD cards need OpenCL routines that are optimized for those cards.  I can't do that since I don't have an AMD card.  If somebody familiar with AMD cards will do this, I'll include the routines in the NxtMint package.
Code: [Select]
C:\Bitcoin\NxtMint>java.exe -Xmx256m -Djava.library.path=\Bitcoin\NxtMint\jni -jar \Bitcoin\NxtMint\
NxtMint-1.6.0.jar
02:09:11 INFO Main.main: Java Nxt Mint Version 1.6.0
02:09:11 INFO Main.main: Application data path: C:\Users\Ronald\Appdata\Roaming\NxtMint
02:09:11 INFO Main.main: Using Nxt node at scripterron.dyndns.biz:7876
02:09:11 INFO Main.main: Minting 5,000,000.000000 units of TORUM for account NXT-XM86-4ZNA-65L5-CDWUE: 0 CPU threads, 1024 GPU intensity
02:09:11 INFO Nxt.init: API node=scripterron.dyndns.biz, API port=7876
02:09:13 INFO Main.buildGpuList: GPU device 0: NVIDIA CUDA, GeForce GT 720, Driver 347.09
  1024MB global memory, 47KB local memory, 2 compute units, Max work group size 1024
02:09:15 INFO HashFunction.<init>: JNI library NxtMint_x86_64 loaded - using native CPU hash routines
02:09:15 FINE GpuFunction.<init>: GPU 0: Using rotate() built-in function
02:09:16 FINE GpuSha3.<init>: GPU 0: Local size 128, Global size 1048576, Passes 1
02:09:16 INFO MintWorker.run: GPU worker 0 starting on GPU 0
02:09:16 FINE MintWorker.run: Worker 0 starting on counter 20
02:10:16 FINE MintWorker.run: Worker 0: 1,928.33 MHash, 32.1389 MHash/s

Tried different mintable valuta, about same figures, where my 2 CPU cores even make the double speed of what the GPU does. All just under or over 1 MHs/ps. Only when the two CPU cores are helping the GPU.

Managed to mint some TORUM over night, not billions, but about 20 million at a time.

The routines seem to work great for the high end AMD R9 hardware, so I guess it can be concluded that it for the low end AMD E350 it is a bridge to far.

Anyway, I had fun trying.  ;)

15
Nxt Monetary System / Re: NxtMint Java minter
« on: February 22, 2015, 08:36:46 am »
I have a 280x minting torum, getting a decent hashrate.

Looked at the specs for the 280x...  :o

Still I would expect between 7 and 12 MHs/ps for the little AMD engine that could.
Managed to get some millions overnight in minting TORUM, almost 20 million at a time, at a pace of about 4|5 hours.

So in about 250 hours I could be a billionaire in TORUM too.  :D

16
Nxt Monetary System / Re: NxtMint Java minter
« on: February 22, 2015, 08:25:41 am »
Quote
You didn't specify an AMD card, so I assumed you meant AMD cards in general; my bad. What needs work is that my 280X and 290X are quite close in hashrate, and my implmentation uses almost no global memory - meaning the only real difference affecting hashrate should be raw compute power, of which the 290X should have far more.

It is an AMD Fusion thing, with an AMD 6810 inside the E350, and I will have to find some compare figures to see what really to expect. Guess some code change might be needed for this to NXTmint to work on my the 6810 gfx unit.

But I've accepted that this is not really hardware ment for minting.  ;)

17
Nxt Monetary System / Re: NxtMint Java minter
« on: February 21, 2015, 08:32:22 pm »
Quote
SHA3? That's a VERY simple algo - in fact, I've written a 25-way parallel implementation for CUDA, at one point! Not optimal for GPUs, since you pound the hell out of LDS, though.

I'm mining pretty solidly on it - screenshot (NSFW): https://ottrbutt.com/miner/nxtmintwolf-02212015.png

GPU 0 is a 280X, GPU 1 is a 270X, GPU 2 is a 290X, and GPU 3 is a 7950.

Yeah, seams to be the AMD OpenCL stuff that doesn't seem to be able to kickstart the GPU.
Should be at least 10 MH/s I guess. Now it seems the GPU doesn't do only about 200KH/s at the most.

Will see if I can compile the sourcecode, see if that helps.

LOL, 10MH/s. Did you see my screenshot?

There's likely still some room for improvement on that, too.

Yeah, rub it in, rub it in, thank you very much, hahaha...   :P
If you consider the computer I use has a TDP of 18 Watt, 10MHps would be just fine.   :D

But when I know it should be able to manage a certain amount of hashes and it gets nowhere not even to one MHps... Serenety now, serenety now. ZEN...  8)

18
Nxt Monetary System / Re: NxtMint Java minter
« on: February 21, 2015, 08:09:55 pm »
Quote
SHA3? That's a VERY simple algo - in fact, I've written a 25-way parallel implementation for CUDA, at one point! Not optimal for GPUs, since you pound the hell out of LDS, though.

I'm mining pretty solidly on it - screenshot (NSFW): https://ottrbutt.com/miner/nxtmintwolf-02212015.png

GPU 0 is a 280X, GPU 1 is a 270X, GPU 2 is a 290X, and GPU 3 is a 7950.

Yeah, seams to be the AMD OpenCL stuff that doesn't seem to be able to kickstart the GPU.
Should be at least 10 MH/s I guess. Now it seems the GPU doesn't do only about 200KH/s at the most.

Will see if I can compile the sourcecode, see if that helps.

19
Nxt Monetary System / Re: NxtMint Java minter
« on: February 21, 2015, 07:24:05 pm »
Guess my system is just very slow, tried several settings stays about same value in (K)Hashes.  :-\
Is SHA3 that more hard than SHA256 for example?

Ah well, got NXTminer working, minting with CPU and GPU.  8)
I get 32 MH/s mining Torum using an NVIDIA GT 720.  I've come to the conclusion that AMD cards need OpenCL routines that are optimized for those cards.  I can't do that since I don't have an AMD card.  If somebody familiar with AMD cards will do this, I'll include the routines in the NxtMint package.
Code: [Select]
C:\Bitcoin\NxtMint>java.exe -Xmx256m -Djava.library.path=\Bitcoin\NxtMint\jni -jar \Bitcoin\NxtMint\
NxtMint-1.6.0.jar
02:09:11 INFO Main.main: Java Nxt Mint Version 1.6.0
02:09:11 INFO Main.main: Application data path: C:\Users\Ronald\Appdata\Roaming\NxtMint
02:09:11 INFO Main.main: Using Nxt node at scripterron.dyndns.biz:7876
02:09:11 INFO Main.main: Minting 5,000,000.000000 units of TORUM for account NXT-XM86-4ZNA-65L5-CDWUE: 0 CPU threads, 1024 GPU intensity
02:09:11 INFO Nxt.init: API node=scripterron.dyndns.biz, API port=7876
02:09:13 INFO Main.buildGpuList: GPU device 0: NVIDIA CUDA, GeForce GT 720, Driver 347.09
  1024MB global memory, 47KB local memory, 2 compute units, Max work group size 1024
02:09:15 INFO HashFunction.<init>: JNI library NxtMint_x86_64 loaded - using native CPU hash routines
02:09:15 FINE GpuFunction.<init>: GPU 0: Using rotate() built-in function
02:09:16 FINE GpuSha3.<init>: GPU 0: Local size 128, Global size 1048576, Passes 1
02:09:16 INFO MintWorker.run: GPU worker 0 starting on GPU 0
02:09:16 FINE MintWorker.run: Worker 0 starting on counter 20
02:10:16 FINE MintWorker.run: Worker 0: 1,928.33 MHash, 32.1389 MHash/s

That is a huge difference... Hope somebody can optimize this for AMD.
Will try some other Valuta later.

Thanks for the info.

20
Nxt Monetary System / Re: NxtMint Java minter
« on: February 21, 2015, 05:12:36 pm »
Guess my system is just very slow, tried several settings stays about same value in (K)Hashes.  :-\
Is SHA3 that more hard than SHA256 for example?

Ah well, got NXTminer working, minting with CPU and GPU.  8)

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