Month: November 2014

Weekly Woodcutting Wisdom Nov 5, 2014

Good moring woodcutters!  We have reached a milestone, as block 10,000 was chopped recently.  Woodcoin is 2 weeks old.  Chopping rewards will be under 100 LOG per block from now on.  Next milestone:  Block 100,000.  When we reach that point rewards will drop under 10 LOG per chop.  Then at block 1m, 1 LOG per chop.  See how this is going?  Currently there are about 4.7m LOG outstanding.  The long road to the 27m LOG cap continues.

Some other notable progress this week: website is up, whitepaper is out, chinese translation on bitcointalk is in place, and we are on another exchange.

It appears for now that pure Skein hashing makes for a pretty good CPU coin.  With little need for a pool OCminers pool remains down and woodcutters are chopping alone in the forest.  Difficulty remains low.

Movement on exchanges is still small as expected, at very low early prices and volumes of a two week old coin.  Caution is recommended when taking on counterparty risk.  Don’t get goxxed or zhou tonged.
It’s hard to not also mention we are in month 12 or so of a “bear market”  in cryptos.  The last bear market lasted 18 months or so beginning in June 2011.  It might seem easy to be disappointed in the small number of people trickling out the now open doors of Sauron’s prisons.  However remember that free folks don’t return voluntarily to slavery.  The word is slowly getting out and the days of private and counterfeit exchange commodities are numbered.

Anything you don’t like about the interace?  The website?  Anything else you want to do with your LOGs?  Please continue to bring ideas and criticisms to this forum.  Happy chopping.

Baruk Khazad!
Funkenstein the Dwarf

木币

一个可持续的基于长寿的加密货币

对挖矿感到厌倦? 是时候尝试新技能了：伐木.

木币分布被设计成更紧密地模拟再生资源而不是不可再生的。货币供给曲线是专为稳定性和寿命。

它还具有新的加密技术：工作量证明功能和数字签名密钥对。

https://bitcointalk.org/index.php?topic=846764.0

谢谢 fox19891989 !

 

How can I contribute?

Start chopping wood!  By chopping wood and collecting LOGs you are helping secure the woodcoin network, and by using LOGs as tokens of exchange you are helping to spread the word about woodcoin.

The code which runs woodcoin will always be open source.   Take a look and submit your changes on github.  There are many other tools still missing from the woodcutting arsenal and new ideas of all sorts are appreciated.  If you can’t code it up yourself, tell us about it on one of the forums and maybe we can do it for you.

 

You are behind in checkpoints and alerts don’t work.  Why?

The philosophy of woodcoin is complete decentralization.  Checkpoints and alerts will not be used.

 

Where is the developer of this coin?

I’m down here.

0000010770

funkenstein the dwarf leads a team of skillful but paranoid dwarfs from the misty mountains.  In addition to this team, a community of woodcoin early adopters has emerged and are actively shaping the treecosystem.

Key fingerprint = 6B0D 10D1 878D E25B 4DA2  695A B2B6 3604 8829 8AB6

 

Status reports – Week 1

Adding here the status reports which appeared on bitcointalk.org during the initial release of the coin for posterity. 

Oct. 22, 2014.

Let there be LOG.

As of now there are no binaries, explorers, pools, pretty pictures, or soundtracks. The genesis block was chopped today. You will need to build this coin yourself if you wish to be one of the first woodcutters.

The woodcoind daemon works fine, and the Woodcoin-qt client. If you use the qt client, the gui chopping button doesn’t work yet. You will need to go to the debug console and type “setgenerate true” to start chopping.

 

Oct. 23, 2014

Wow, big thanks to the community for your interest in woodcutting and patience in dealing with this barebones release! We have chopped 1382 blocks now, quite ahead of schedule.

Windows binary released by AleCrypt0. Thanks!!

You need to do Help -> Debug Window -> Console and type ” setgenerate true ” to start chopping.

Would you believe, day two and we are on an exchange? Props to the team at EmpoEX.

Difficulty went up quite a bit today, now at 5. I estimate that if you are solo CPU chopping you will get ~ 1 of every 200 two minute blocks. About four blocks a day. The current reward is just over 720 LOG per block. I’m sure existing GPU codes will not be that difficult to modify to make chainsaws; keeping an eye on that diff. Stack your logs safely folks! Next milestone: block 10,000. Reward: 100 LOG.

Working on GUI improvement and suggestions from the community. Keep ’em coming!

 

Oct. 24, 2014

Good morning woodcutters! Today we have good news and bad news.

The good news: the orcs have not yet arrived in our lands. Thanks to the proliferation of hashables throughout middle earth the orcs have been kept busy with other coins and our difficulty remains low. 3.6 at last check. Enjoy solo chopping while it lasts, and don’t worry too much: Saruman’s GPUs will never touch the ents’ forest.

More good news: thanks to OCMiner we have our first woodcutting pool!

wood.suprnova.cc

And our first standalone woodcutter:

[url=https://github.com/ocminer/skeincoin-cpuminer]https://github.com/ocminer/skeincoin-cpuminer[/url]

Great work OC!

The bad news: Not today clever kitty! Yes, some errors were reported by woodcutters who had apparently stacked a LOT of logs and wished to move them about. Stack overflow! Thanks to the watchful eyes of AKIo0O the problem is fixed and merged into our github repo. This is not a hard fork (and your LOG are safe) but it is strongly recommended to update. Many apologies for those who received crushed fingers or toes in this snafu.

Translation: Don’t send more than 10000 logs until majority upgrade!

 

Oct. 25, 2014

Good morning woodcutters!

Have I got an update for you. With this update you will see that Woodcoin is here to stay. Check this out:

https://github.com/funkshelper/woodcoin

Woodcoin is now an armed, AND FULLY OPERATIONAL, up to date mergeable litecoin fork. AND fully backward compatible with your existing stacks of LOG.

For those of you who thought Woodcoin was FUBAR (pun intended), guess again.

Exchanges and pools can now rest assured, we are using the most up to date litecoin protocols for comms and storage.

I recommend caution at this stage, backups, and patience with your humble developer.

More updates soon! Happy chopping 😀

Oct. 26, 2014 (almost)

Baruk Khazad! Alert all woodcutters. Battle call.

Please immediately update as of Oct. 25, 2014 11:46 UT using

https://github.com/funkshelper/woodcoin

I hate to do it this way, and force you away from that lovable initial release, I know it chopped wood like butter but this is a hard fork.

Translation: anything you chop after this date will be lost to the void unless you update. Transactions from old clients will be reversed.

New client has protocol version 60101.

Thank you for your patience!!

Updated Windows builds available thanks to

WillowRosenberg:

[url=https://mega.co.nz/#!H4pgCR7I!_6IfE_8-RD6FaM5XqaKXUdyPbeIWcrEJxQ4j8-fBzQ4]https://mega.co.nz/#!H4pgCR7I!_6IfE_8-RD6FaM5XqaKXUdyPbeIWcrEJxQ4j8-fBzQ4[/url]

Tips: WTDXfMqvf1LvtiLURNie6vnxZjbhzEnjGH

SalimNagamato:

[url=https://mega.co.nz/#!F9kgxLBQ!jeF1Sbt7_T0ktdKSXwiswb2GgL8u4JQYStbLgbNkH_I]https://mega.co.nz/#!F9kgxLBQ!jeF1Sbt7_T0ktdKSXwiswb2GgL8u4JQYStbLgbNkH_I[/url]

To start woodcutting: Help –> Debug Window –> type “setgenerate true”

Oct. 27, 2014

Chop chop! A calm day in the forest, logs are stacking nicely today. Big thanks to the community for pulling off a brilliant move to the proper fork. To those woodcutters who found themselves swinging their axe at phantom trees, my sincere apologies. We haven’t had that kind of scare since March 2012 if my memory serves me right.

We are now listed on two exchanges (C-Cex and EmpoeX) but there’s not a lot of volume there. This is to be expected. As some of you have now noticed the purpose of logarithmic release is not just for the name. This is a gentle release curve and it is built to last generations. Millenia. My advice is to STCAK your logs. If you are here for a pump and dump coin to be discarded like toothpicks after one use I suggest you turn on autochop and play with another coin.

The next drama on the horizon will be figuring out just how much better a GPU can do at double skein hashing. The skein family of hash functions is top shelf cryptography and it is rather amazing that nobody has released a skein coin yet. This is it. Chop the dream. Funkenstein the dwarf out.

Oct. 28, 2014

Welcome back woodcutters. Chopping and stacking continues as planned today. LOG is one week old!

Wait, what was that?! Somebody came through swinging an axe that cut down ten trees with one swing. Monster CPU beast hashpower! If that’s not a good advertisement for IBMs new Power8 processors I don’t know what is. Somebody is going to have no problem keeping warm this winter.

More good news today: Working Block Explorer and Faucet! Grab yourself some free LOG and explore the block chain.

Don’t forget to leave a generous tip for these guys at multifaucet . tk , I am very impressed by their work!

Block Explorer: www.[Suspicious link removed]/index.php?blockexplorer=LOG

Faucet: www.[Suspicious link removed]/index.php?faucet=LOG

However it looks like Theymos is less than impressed. WTF? Does any dot tk domain trigger that like [Suspicious link removed]?

Well I haven’t had any problems with the site, and I gave them a nice donation in main net large. Please LOG any and all problems with all things LOG back here!

Many thanks and happy chopping — Funkenstein the Dwarf