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Title: Smallchange project (SMC) starting with mining from new genesis block Post by: sad_miner on December 05, 2017, 04:08:36 PM Hello all,
especially to fans of building alt-coin projects and trying to get research or educational coins up and running. After finding the genesis block, a new one for SMC, how can mining be started? Is it necessary to start some transactions (how?) and get them in the pool, then work on them to solve a block and mine new SMC coins? This is starting a new SMC blockchain. I've googled for a few days and I can't figure it out. Has anyone used it recently? Thanks! Title: Re: Smallchange project (SMC) starting with mining from new genesis block Post by: sad_miner on December 07, 2017, 09:29:13 AM Okay, figured it out :)
If anyone else has the same problem, I'll be happy to help out. Once the genesis block is mined and the block hash < target works out, that is the proof of work is done, the coinbase transaction is done and you reward yourself with coins. The software adds the info to your wallet. When you keep mining and confirming blocks, you can send coins between your nodes and watch them get confirmed and the coin maturity come about after X number of more blocks. You don't really need a VPS as a node, you can use machines on your local network, and get them to connect to each other. Prerequisite would be understanding any firewall rules you have configured. Open up your P2P port for the local network. |