Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: CaptainCore on July 27, 2015, 02:37:30 PM



Title: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 27, 2015, 02:37:30 PM
https://i.imgur.com/UWY0Srk.png



Information
Corecoin, the heart and core of our project, this coin will act as a building block for the blockchain2.0 project which is Core. Further information/whitepapers/roadmap are not too far off.

Security is Key
Energy efficiency is Key
Fairness is Key
Stability is Key
Liquidity is Key
Core is Key.

If you want a developer that will still be around in a year, start mining. Im dedicated to Core. My full time job, our future.


Specification
Coin Name: CoreCoin
Algo: Scrypt
Ticker: COR
Block Reward:  500 coins
Halving: every 4k blocks
8 confirmations for blocks
Max Coin:13333333 coins

RPC Port 4496
P2P Port 4495


UPDATE - 29/7/2015

Hey all, just a small update pre-weekend.
* Development on track - currently in progress of wallet design update with masternodes/among other features.
* ICO completed - 3.93BTC has been raised - the remaining will be burned via one of Earlz burn addresses.
* Current  10000 Core bountry on a pool.
* Current 8000 Core bounty on block explorer.
* Current 4000 Core bounty for advertisers.

BURN INFORMATION

To: CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL
Debit: -553190.17 COR
Net amount: -553190.17 COR
Transaction ID: 2057d514b33b4a8ce25a7012062654553a1543728a925d5919609aeb4ea0723a

This is a burn address- provided by Earlz
http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses (http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses)

scroll down to version 28 address.


Offering Information - Completed
Since im a huge supporter of energy efficiency among crypto and tech in general - ill be running a small offering for those interested - so rather than mining - pick your escrow and contact me via twitter or bitcointalk - this way is energy efficient plus i get a small pot for development, design, new features and advertising. as this is a long term goal for my team.

Update - 29/07/2015
ICO completed - 3.93BTC received, which will be used for future development, updates and advertising.

offering coins have been distributed.

533000 will be burned publicly soon. Address will be posted in thread.

Wallets

  https://i.imgur.com/LqbT7E3.png (https://mega.co.nz/#!yVwDBDJL!_iZiYIHJKLDbl6QY_PyYpKyXPFg6n1-4MXK6di6hmRE)     https://i.imgur.com/04ynttq.png (https://github.com/TimMaylon/corecoin)
Windows        Source

Code:
addnode=101.11.90.223:4495
addnode=95.211.57.108:4495
addnode=95.211.57.108:4496
Pools
n/a


Exchanges
n/a


Social

https://i.imgur.com/mKpkV99.png (https://twitter.com/CoinCore)

Seednode by WalletBuilders.



Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: sempyper on July 27, 2015, 02:38:51 PM
hmmh looks interesting


interested in a MAC wallet?


need pooooools


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: ocminer on July 27, 2015, 02:39:04 PM
Linux source not working, might be a virus


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: Sir_Astral on July 27, 2015, 02:40:09 PM
{
"blocks" : 7,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 51,
"pooledtx" : 0,
"testnet" : false
}


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: psycodad on July 27, 2015, 02:42:00 PM
Please post source to github.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: ocminer on July 27, 2015, 02:44:50 PM
Downloading from mega with 0.6k...  :-(


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: rocoloko on July 27, 2015, 02:56:20 PM
Why ICO man?
ICO is not good for longterm..... (only pure pow is nice)
Also you didnīt write the price........


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 27, 2015, 02:58:02 PM
Not wanting to FUD, but looks like a Virus to me...
whoa, run a virustotal scan before these claims.


Virustotal scan: https://www.virustotal.com/nl/file/5a5abba3465a8655750994b6863e98567e7ead17ca2f934834cabe80666af59f/analysis/1438009058/

shows 3/53 - which is normal

showing bitcoinminer - which is because it has an inbuilt miner - like all wallets. False positive.


now lets get this show on the road.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: ocminer on July 27, 2015, 02:59:37 PM
Not wanting to FUD, but looks like a Virus to me...
whoa, run a virustotal scan before these claims.

At least your Linux wallet does not like to be sandboxed:

Error: Error initializing wallet database environment /home/sandbox134/.corecoin!

why ?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: totoy on July 27, 2015, 03:10:15 PM
Not wanting to FUD, but looks like a Virus to me...
whoa, run a virustotal scan before these claims.

At least your Linux wallet does not like to be sandboxed:

Error: Error initializing wallet database environment /home/sandbox134/.corecoin!

why ?

Oh. no oc, no party ;D


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: tbearhere on July 27, 2015, 03:10:40 PM
just shit coin...
And Scrypt too.
Devs please get away from this algo.
Thank you


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: Sir_Astral on July 27, 2015, 03:12:57 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: bitspender on July 27, 2015, 03:14:49 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive

Then why is dev always deleting the messages instead of simply replying that...


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 27, 2015, 03:17:00 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive

Then why is dev always deleting the messages instead of simply replying that...

because your spreading FUD with large red text. if you had any kind of brain you would know how often a false positive comes up in altcoin wallets.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: scorpio18 on July 27, 2015, 03:20:15 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive

Then why is dev always deleting the messages instead of simply replying that...

because your spreading FUD with large red text. if you had any kind of brain you would know how often a false positive comes up in altcoin wallets.

You better upload that source to github or you dont know how to do that


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: bitspender on July 27, 2015, 03:26:35 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive

Then why is dev always deleting the messages instead of simply replying that...

because your spreading FUD with large red text. if you had any kind of brain you would know how often a false positive comes up in altcoin wallets.

No i dont. That means you cloned some untrusted coin to start out.
Fix your shit, upload the source to Github, and then we'll talk.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 27, 2015, 03:31:37 PM
https://bitcointalk.org/index.php?topic=1136264.new#new

false positive

Then why is dev always deleting the messages instead of simply replying that...

because your spreading FUD with large red text. if you had any kind of brain you would know how often a false positive comes up in altcoin wallets.

No i dont. That means you cloned some untrusted coin to start out.
Fix your shit, upload the source to Github, and then we'll talk.


are you not busy with you 19th ICO on c-cex? what is it this time? ah SatoshiFUN


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 27, 2015, 04:14:57 PM
node service by walletbuilder.


i still dont see where you guys are coming up with this virus alerts?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: Sir_Astral on July 27, 2015, 04:37:59 PM
Code:
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\.lock
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\debug.log
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\database
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\db.log
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\LOG
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\LOCK
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\MANIFEST-000001
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000001.dbtmp
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000003.log
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\MANIFEST-000002
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000002.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\LOG
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\LOCK
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\MANIFEST-000001
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000001.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000003.log
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\MANIFEST-000002
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000002.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\blk00000.dat
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\database\log.0000000001
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\__db.80000001.193f0ef7
Nowy (27.07.2015 18:32:17): C:\Users\Astral\AppData\Roaming\Corecoin\peers.dat.4900

Directory monitor log. This files are created when you launch wallet. No more else.

No new exe, no new processes... Where is virus?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 28, 2015, 05:26:12 AM
Code:
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\.lock
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\debug.log
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\database
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\db.log
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\LOG
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\LOCK
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\MANIFEST-000001
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000001.dbtmp
Nowy (27.07.2015 18:32:10): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000003.log
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\MANIFEST-000002
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\index\000002.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\LOG
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\LOCK
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\MANIFEST-000001
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000001.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000003.log
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\MANIFEST-000002
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\chainstate\000002.dbtmp
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\blocks\blk00000.dat
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\database\log.0000000001
Nowy (27.07.2015 18:32:11): C:\Users\Astral\AppData\Roaming\Corecoin\__db.80000001.193f0ef7
Nowy (27.07.2015 18:32:17): C:\Users\Astral\AppData\Roaming\Corecoin\peers.dat.4900

Directory monitor log. This files are created when you launch wallet. No more else.

No new exe, no new processes... Where is virus?

exactly, there is none, just fudders getting in so they can mine early.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 28, 2015, 06:41:13 AM
just some design's ive made up. updates to come.

https://i.imgur.com/FFuPSYw.jpg

https://i.imgur.com/pnVq0WV.jpg

https://i.imgur.com/zzXlopC.png


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: guppy on July 28, 2015, 07:03:31 AM
What is .conf name ? core.conf ?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 28, 2015, 07:06:53 AM
What is .conf name ? core.conf ?

corecoin.conf


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: guppy on July 28, 2015, 07:29:32 AM
Thanks !
My wallet is stucked 13 hours back (block 43), with 4 connections, and is using 90% of my i7 meanwhile.
Is there something to do  ?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: raetsch on July 28, 2015, 07:53:45 AM
same problem here (with 13 hours rest).
usage is not a problem

@guppy
maybe you set "setgenerate" true?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: guppy on July 28, 2015, 07:57:49 AM
yes, it was gen=1 in conf
thanks ;)
But still stucked at block 43.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: layer1gfx on July 28, 2015, 08:20:19 AM
Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.

Price  0.0000022sat - which works out around 5.1 BTC

lol - your math is adventurous dude, do it again :D


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 28, 2015, 08:25:45 AM
Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.

Price  0.0000022sat - which works out around 5.1 BTC

lol - your math is adventurous dude, do it again :D

ah  ;D math heh. updated.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: layer1gfx on July 28, 2015, 08:28:04 AM
Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.

Price  0.0000022sat - which works out around 5.1 BTC

lol - your math is adventurous dude, do it again :D

ah  ;D math heh. updated.

much better :P


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: raetsch on July 28, 2015, 06:11:00 PM
yes, it was gen=1 in conf
thanks ;)
But still stucked at block 43.

same here, another hard- and software but still stuck on block 43.



{
"blocks" : 43,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 6.77171863,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 5488562,
"pooledtx" : 0,
"testnet" : false
}

output from getmininginfo


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: vegasguy on July 28, 2015, 06:17:49 PM
Drop the ICO crap and put a fair premine in. 1% is normal.

Vegas


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: ChompStory on July 30, 2015, 06:25:07 AM
mining this! i think were going to c-cex on friday!


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: 1.25L on July 30, 2015, 02:02:28 PM
mining this! i think were going to c-cex on friday!
i have been mining to hope it hits a exchange soon


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 30, 2015, 02:34:57 PM
UPDATE - 29/7/2015

Hey all, just a small update pre-weekend.

* Development on track - currently in progress of wallet design update with masternodes/among other features.
* ICO completed - 3.93BTC has been raised - the remaining will be burned via one of Earlz burn addresses.
* Current  10000 Core bountry on a pool.
* Current 8000 Core bounty on block explorer.
* Current 4000 Core bounty for advertisers.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: 1.25L on July 30, 2015, 02:37:44 PM
nice work how many coins will be needed to run a masternode ?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 30, 2015, 02:46:00 PM
nice work how many coins will be needed to run a masternode ?

16,000 CORE will be required to run a masternode, this may change in the near future.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 30, 2015, 03:02:02 PM
BURN INFORMATION

To: CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL
Debit: -553190.17 COR
Net amount: -553190.17 COR
Transaction ID: 2057d514b33b4a8ce25a7012062654553a1543728a925d5919609aeb4ea0723a

This is a burn address- provided by Earlz
http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses (http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses)

scroll down to version 28 address.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: 1.25L on July 30, 2015, 03:50:51 PM
we don't need a pool im making a fortune solo mining this  :-* :-* ;D ;D ;D :o


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: Marcus Augustus on July 30, 2015, 04:12:44 PM

I can't wait to double spend this one.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}


When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck.  :)


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 30, 2015, 04:19:13 PM
we have it all figured in the next update!

PoS will be implemented along with masternodes.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 30, 2015, 04:52:51 PM
Remember, why you started!

ok


https://i.imgur.com/TLnBg80.gif


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: layer1gfx on July 30, 2015, 08:39:58 PM

I can't wait to double spend this one.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}


When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck.  :)


could you explain this a little bit more for not so experienced altcoin fans?


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: Marcus Augustus on July 30, 2015, 11:09:46 PM

I can't wait to double spend this one.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}


When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck.  :)


could you explain this a little bit more for not so experienced altcoin fans?


I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.

If the coin is very valuable, this is a big danger. It's happened before.


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: CaptainCore on July 31, 2015, 11:30:19 AM

I can't wait to double spend this one.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}


When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck.  :)


could you explain this a little bit more for not so experienced altcoin fans?


I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.

If the coin is very valuable, this is a big danger. It's happened before.


unlikely, your maths is way off. give it ~2 years left untouched.


and planned upgrades  are happening shortly


Title: Re: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project
Post by: kevinjulio on August 01, 2015, 01:31:31 PM
where is giveaway?