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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: argcoin on August 20, 2013, 08:49:01 PM

Title: [ANN][ARC] New Cryptocurrency Argcoin
Post by: argcoin on August 20, 2013, 08:49:01 PM

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 08:51:17 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

A more useful link would be the code repository: https://github.com/ARC-argcoin/argcoin

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 08:53:23 PM

Well well, no premine in the code?

Code: (https://github.com/ARC-argcoin/argcoin/blob/master/src/main.cpp#L830)

int64 static GetBlockValue(int nHeight, int64 nFees)
{
	// initially 100 coins reward
	// and will be reduced 2% monthly
	
	int64 nSubsidy = 100 * COIN;
	int months = (int)(nHeight/8640);


	if(months > 0)
	{
		nSubsidy *= pow(0.98,months);
	}
	
    return nSubsidy + nFees;
}

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: Fablio2 on August 20, 2013, 08:53:28 PM

"blocks" : 5595,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.00097655,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 5991794,
"pooledtx" : 0,
"testnet" : false

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 09:14:56 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

- Block reward is reduced monthly 2% (every 8460 blocks)

Umm... it may be a very quick month. At block 6670 now, and more rolling in fast.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: mill0601 on August 20, 2013, 09:15:54 PM

what do you mean no pre mine? First 5000 blocks were mined 3 days ago

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 09:17:37 PM

Quote from: mill0601 on August 20, 2013, 09:15:54 PM

what do you mean no pre mine? First 5000 blocks were mined 3 days ago

I mean no premine defined in the code. The first 5000 blocks 3 days ago is troubling.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 09:21:45 PM

wow, indeed. Example: block 100 time: Wed Aug 14 21:43:59 UTC 2013. Gee that's a long time ago.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: Pmalek on August 20, 2013, 09:22:15 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

So whats your plan release it dump it, then abandon the coin forever like most do?

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: alex0909 on August 20, 2013, 09:23:28 PM

.DMG file for mac not working ... I don't want to compile it tonight, that's a goodbye

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: captainfuture on August 20, 2013, 09:33:58 PM

i wont mine a coin with that instamine and no info about that. no infos about what u have planed for future, bountys, promotion etc...

that smells like a dump coin

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 09:36:10 PM

I'm going to give it a month, as defined in the OP. That should be coming up in about 5-10 minutes.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: captainfuture on August 20, 2013, 09:39:38 PM

developed in argentinia.
WOW

its just a copycoin.
no infos about diff retargeting etc...

i think the time is over for such coins. that worked a few days/weeks and now no one is interested in such coins.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 20, 2013, 09:43:29 PM

Code:

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks

7days? hmmmmm. Does that mean it's staying at diff 0.00384783 for the next 7 days?

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: captainfuture on August 20, 2013, 09:44:52 PM

Quote from: hotcoldcoin on August 20, 2013, 09:43:29 PM

Code:

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks

7 days? hmmmmm

hope some big hasher joins for 7 days and get this coin to diff 30 ;D

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: minerapia on August 20, 2013, 09:51:30 PM

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks
static const int64 nInterval = nTargetTimespan / nTargetSpacing;
== retarget is every 2016 blocks

not bad... :D atleast the dev took alot of time research what works and what doesn't
No wonder month is so short

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: cryptohunter on August 20, 2013, 09:54:15 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

whats the port numbers ffs?

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: Scooby903 on August 20, 2013, 09:56:21 PM

Quote from: cryptohunter on August 20, 2013, 09:54:15 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

whats the port numbers ffs?

Set it to whatever. Mine is 8888

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: tiker on August 20, 2013, 11:25:20 PM

Quote from: cryptohunter on August 20, 2013, 09:54:15 PM

Quote from: argcoin on August 20, 2013, 08:49:01 PM

whats the port numbers ffs?

Defaults I found out are:
RPC: 54123
P2P: 54124

Added to the list of alt coins in my signature!

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: Fablio2 on August 21, 2013, 07:00:03 AM

0 connections for a long time

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: willhash4food on August 21, 2013, 07:13:28 AM

addnode=61.164.87.130
addnode=97.88.163.152

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: Ll_lkasz on August 21, 2013, 07:46:41 AM

website is down, github also ...
how to get client ???

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: ropyu1978 on August 21, 2013, 07:52:15 AM

where is the client? ???

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: eureka on August 21, 2013, 08:46:34 AM

I have addnode
but still can't sync.
where the website and github source?
why?
what happen?

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: hotcoldcoin on August 21, 2013, 09:26:28 AM

Quote from: eureka on August 21, 2013, 08:46:34 AM

I have addnode
but still can't sync.
where the website and github source?
why?
what happen?

Scammer scammed the scam, them scrammed. Deleting the github repo is the icing on the cake.

Title: Re: [ANN][ARC] New Cryptocurrency Argcoin
Post by: eureka on August 21, 2013, 10:54:40 AM

"Scammer scammed the scam, them scrammed. Deleting the github repo is the icing on the cake."

which's kind of the scam?
Scam for what?
Who been scamed?
Why can't I sync the argcoin?

Thanks!