Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: basecoin on September 07, 2013, 11:35:54 PM



Title: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: basecoin on September 07, 2013, 11:35:54 PM

[ANN][BAC]BaseCoin Version 1.1.1,New POW+POS Coin with transaction message|RARE|No Premine
REANN THREAD IS HERE: https://bitcointalk.org/index.php?topic=418326

Version 1.1.1 update:
- add newest checkpoints, please download the wallet here: https://app.box.com/s/2o2zeztzi51byu4htexw


BaseCoin - The Coin build up the whole world.
[/font]
Basecoin was first release at Newbie section: https://bitcointalk.org/index.php?topic=289708.0
Basecoin - a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features Florincoin (transaction message).

Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.

Basecoin provides annual interest rate of 0.01%, for stakes that are not moved.


Specifications:
   - POS+POW
   - Each normal block has 1 Basecoin
   - 1 minute block time
   - Daily generation is 1440 coins, basecoin is really a rare coin.
   - Difficulty retargets every block
   - mining payout will be stable all over the lifecycle of Basecoin
   - Expected total mined coins will be 6000000 Basecoins
   - 4 confirmations for transaction
   - 50 confirmations for minted blocks
   - Support transaction message
   - Diff start at 0.01
   - The default ports are 21206(Connect) and 21207(RPC).



Official Website:
Under construction

BAC website built by BAC users: http://www.basecoin.pw/


Download:
Windows QT 1.1.1:
https://app.box.com/s/2o2zeztzi51byu4htexw



Source code:
https://github.com/basecoin/basecoin


Getting Started:

1. Start up Basecoin.exe, wait for it to load, then exit.
2. Put Basecoin.conf (see sample file below) in your c:/users/**yourcomputername**/AppData/Roaming/Basecoin
3. restart Basecoin-qt, and you should connect and sync.
4. For solo mining, use the mining page in Basecoin.exe and begin mining.

Sample Basecoin.conf:
Code:
listen=1
daemon=1
server=1
rpcuser=***rpcuser***
rpcpassword=***rpcpassword***
rpcport=21207
addnode=216.24.205.232
addnode=216.24.205.232
addnode=216.155.151.242
addnode=116.226.16.77
addnode=bac.szbpool.com
addnode=114.225.86.236
addnode=116.226.2.134
addnode=216.155.151.242
addnode=58.253.41.116
addnode=221.198.108.61
addnode=122.4.157.122
addnode=113.243.58.18
addnode=180.107.126.91
addnode=119.142.90.64
addnode=14.208.48.4



Mining:
Solo mining:
- setup Basecoin.conf in %appdata%/Basecoin
- fill Basecoin.conf in the form of sample Basecoin.conf
- use cgminer in the Basecoin.exe to solo mine
      
Code:
cgminer.exe --scrypt -o http://127.0.0.1:21207 -u ***rpcuser*** -p ***rpcpassword***
[/font]


[Giveaway]
Giveaway is here: https://bitcointalk.org/index.php?topic=381725.0


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 07, 2013, 11:43:00 PM
Pools:

http://bac.szbpool.com


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: emunebtk on September 07, 2013, 11:46:24 PM
When I try to solo mine it shows no accepts or rejects and followed exact instructions...Am i missing anything in the .conf? or does Cgminer need to be in the wallet folder? Confused when it comes to solomining..thanks guys!


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: DigitalMan on September 07, 2013, 11:50:14 PM
Reserved.

How this coin get to .4 difficulty so freaking fast!


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: cyberstef on September 08, 2013, 12:16:51 AM
Another one :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Hydroponica on September 08, 2013, 12:20:35 AM
Reserved.

How this coin get to .4 difficulty so freaking fast!

Difficulty retargets every block


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: heigua on September 08, 2013, 12:29:37 AM
not bad


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Hero_Member on September 08, 2013, 12:43:17 AM
difficulty snapshot:

block #1      0.0039  not 0.01         
block #100  0.018 
block #200 0.0687
block #300  0.0294
block #400   1.285   ????
block #500  1.058
block #600  0.41
#736          0.376


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 08, 2013, 01:01:07 AM
When I try to solo mine it shows no accepts or rejects and followed exact instructions...Am i missing anything in the .conf? or does Cgminer need to be in the wallet folder? Confused when it comes to solomining..thanks guys!


paste your basecoin.conf please.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Balthazar on September 08, 2013, 01:53:52 AM
Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.
I.e. another insecure copy&paste without any background... %)

1) Only active stake matters. I.e. if there are total 1000-2000 coins participating in generation, it doesn't matter how many coins exists here. Only this 1000-2000 coins should be counted.
2) Coins amount doesn't matter, only coin*day weight. If you have 1 coin with 0.5 days age then you have the weight, which equal to 0.5 coins with 1 day age.
3) Attacker don't need any hashpower, he needs only some coins.
4) Unlike PoW hashing rate, stake inputs could be re-used multiple times. Attacker can retry attempts to generate subsequent blocks until he get success. He can create multiple wallet copies, for example.

Attempts to get successful double spend could be calculated as 1/AttackerWeight^Nconf, AttackerWeight = (% of network weight) / 100, Nconf = 4 (the worst case, 4 subsequent PoS blocks).

So, average required attempts will be:

Code:
%      Avg # attempts
1 100000000
2 6250000
3 1234567.901
4 390625
5 160000
6 77160.49383
7 41649.31279
8 24414.0625
9 15241.57903
10 10000
11 6830.134554
12 4822.530864
13 3501.277966
14 2603.082049
15 1975.308642
16 1525.878906
17 1197.303672
18 952.5986892
19 767.3360395
20 625
21 514.1890467
22 426.8834096
23 357.3457785
24 301.408179
25 256
26 218.8298729
27 188.1676423
28 162.6926281
29 141.3865211
30 123.4567901
31 108.281241
32 95.36743164
33 84.32264881
34 74.83147951
35 66.63890046
36 59.53741808
37 53.35720891
38 47.95850247
39 43.22565391
40 39.0625
41 35.38869706
42 32.13681542
43 29.25002069
44 26.6802131
45 24.38652644
46 22.33411116
47 20.49314289
48 18.83801119
49 17.34665256
50 16
51 14.78152682
52 13.67686706
53 12.67349861
54 11.76047764
55 10.92821529
56 10.16828925
57 9.473284438
58 8.836657566
59 8.252622002
60 7.716049383
61 7.222385408
62 6.767577565
63 6.348012923
64 5.960464478
65 5.602044746
66 5.270165551
67 4.962503079
68 4.676967469
69 4.411676278
70 4.164931279
71 3.935198148
72 3.72108863
73 3.521344861
74 3.334825557
75 3.160493827
76 2.997406404
77 2.844704104
78 2.701603369
79 2.567388756
80 2.44140625
81 2.323057313
82 2.211793566
83 2.107112049
84 2.008550964
85 1.915685875
86 1.828126293
87 1.745512606
88 1.667513319
89 1.593822573
90 1.524157903
91 1.458258212
92 1.395881947
93 1.336805445
94 1.280821431
95 1.227737663
96 1.177375699
97 1.129569775
98 1.084165785
99 1.041020356
100 1

First column: Attacker's coin*day weight % of the total network weight.
Second column: Average attempts required to get success in the double-spend attack.

5) PoW don't participate in the network protection. If 1 PoW block was generated on the network in the time of your attack then you need less confirmations.

1/AttackerWeight^3

Code:
%      Avg # attempts
1 1000000
2 125000
3 37037,03704
4 15625
5 8000
6 4629,62963
7 2915,451895
8 1953,125
9 1371,742112
10 1000
11 751,3148009
12 578,7037037
13 455,1661356
14 364,4314869
15 296,2962963
16 244,140625
17 203,5416243
18 171,4677641
19 145,7938475
20 125
21 107,9796998
22 93,91435011
23 82,18952905
24 72,33796296
25 64
26 56,89576695
27 50,80526343
28 45,55393586
29 41,00209111
30 37,03703704
31 33,56718472
32 30,51757813
33 27,82647411
34 25,44270303
35 23,32361516
36 21,43347051
37 19,7421673
38 18,22423094
39 16,85800502
40 15,625
41 14,5093658
42 13,49746248
43 12,5775089
44 11,73929376
45 10,9739369
46 10,27369113
47 9,631777159
48 9,04224537
49 8,499859752
50 8
51 7,538578676
52 7,111970869
53 6,716954264
54 6,350657928
55 6,010518407
56 5,694241983
57 5,39977213
58 5,125261388
59 4,869046981
60 4,62962963
61 4,405655099
62 4,19589809
63 3,999248141
64 3,814697266
65 3,641329085
66 3,478309263
67 3,324877063
68 3,180337879
69 3,044056632
70 2,915451895
71 2,793990685
72 2,679183813
73 2,570581748
74 2,467770912
75 2,37037037
76 2,278028867
77 2,19042216
78 2,107250628
79 2,028237117
80 1,953125
81 1,881676423
82 1,813670724
83 1,748903001
84 1,68718281
85 1,628332994
86 1,572188612
87 1,518595967
88 1,467411721
89 1,41850209
90 1,371742112
91 1,327014973
92 1,284211391
93 1,243229064
94 1,203972145
95 1,16635078
96 1,130280671
97 1,095682682
98 1,062482469
99 1,030610152
100 1


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 08, 2013, 08:33:00 AM
Pools:

http://bac.szbpool.com


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: murraypaul on September 08, 2013, 08:37:46 AM
Reserved.

How this coin get to .4 difficulty so freaking fast!

Difficulty retargets every block

Are you the developer for this coin, too?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Wichmann on September 08, 2013, 03:13:45 PM
Buy basecoin.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: MaGNeT on September 08, 2013, 04:58:25 PM
On the "Which coin would you like to see on PhenixEx? (https://bitcointalk.org/index.php?topic=285906.0)" POLL, these are the new coins you can vote for!

[SIC] - SIFCoin
[BFC] - ButterflyCoin
[BAC] - BaseCoin
[MPL] - Maples
[cD] - CryptoDollar

Did you vote (https://bitcointalk.org/index.php?topic=285906.0) for your favorite coin(s) already?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 09, 2013, 07:24:38 AM
On the "Which coin would you like to see on PhenixEx? (https://bitcointalk.org/index.php?topic=285906.0)" POLL, these are the new coins you can vote for!

[SIC] - SIFCoin
[BFC] - ButterflyCoin
[BAC] - BaseCoin
[MPL] - Maples
[cD] - CryptoDollar

Did you vote (https://bitcointalk.org/index.php?topic=285906.0) for your favorite coin(s) already?

We suggest you guys vote for BaseCoin.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 09, 2013, 08:40:29 AM
Buy basecoin.

It's not easy to buy basecoin.

BTW, can someone contact with some exchange platforms and ask them to add BAC?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Fernandez on September 09, 2013, 08:58:58 AM
Reserved.

How this coin get to .4 difficulty so freaking fast!

Difficulty retargets every block

Yet another Hydroponica coin. I thought you had stopped releasing coins under aliases.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Joerii on September 10, 2013, 11:21:24 AM
Reserved.

How this coin get to .4 difficulty so freaking fast!

Difficulty retargets every block

Yet another Hydroponica coin. I thought you had stopped releasing coins under aliases.

I don't think so. Hydroponica's English is  better. This English has an Asian flavor to it.

Or Hydro's just getting sophisticated and gets in character when he uses an alias :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 10, 2013, 12:56:05 PM
This is really a good coin.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 10, 2013, 10:43:51 PM
Need exchange for BAC, any one can help?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on September 11, 2013, 12:09:39 PM
It seems that nobody has interests on this coin, but I see the network hash speed is about 35MH/s, this means that people are mining BAC.

Need more promotion on this coin.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: GoldBit89 on September 11, 2013, 12:34:12 PM
What makes this coin rare? and  honestly this coin is no different then Bitgems,bottlecaps except for the feature of message transactions.

Also address Balthazars post above. i noticed how conveniently you by passed their reply.


and if none of above truly matters then has this coin fixed what issues and problems that have been plaguing bottlecaps and other pos type coins and maybe even been fixed in some coins already? If not , i am not going to even waste my time with this coin until it can be addressed.


Thanks.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: chris.capossela on September 29, 2013, 12:52:59 AM
Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.
I.e. another insecure copy&paste without any background... %)

1) Only active stake matters. I.e. if there are total 1000-2000 coins participating in generation, it doesn't matter how many coins exists here. Only this 1000-2000 coins should be counted.
2) Coins amount doesn't matter, only coin*day weight. If you have 1 coin with 0.5 days age then you have the weight, which equal to 0.5 coins with 1 day age.
3) Attacker don't need any hashpower, he needs only some coins.
4) Unlike PoW hashing rate, stake inputs could be re-used multiple times. Attacker can retry attempts to generate subsequent blocks until he get success. He can create multiple wallet copies, for example.

Attempts to get successful double spend could be calculated as 1/AttackerWeight^Nconf, AttackerWeight = (% of network weight) / 100, Nconf = 4 (the worst case, 4 subsequent PoS blocks).

So, average required attempts will be:

Code:
%      Avg # attempts
1 100000000
2 6250000
3 1234567.901
4 390625
5 160000
6 77160.49383
7 41649.31279
8 24414.0625
9 15241.57903
10 10000
11 6830.134554
12 4822.530864
13 3501.277966
14 2603.082049
15 1975.308642
16 1525.878906
17 1197.303672
18 952.5986892
19 767.3360395
20 625
21 514.1890467
22 426.8834096
23 357.3457785
24 301.408179
25 256
26 218.8298729
27 188.1676423
28 162.6926281
29 141.3865211
30 123.4567901
31 108.281241
32 95.36743164
33 84.32264881
34 74.83147951
35 66.63890046
36 59.53741808
37 53.35720891
38 47.95850247
39 43.22565391
40 39.0625
41 35.38869706
42 32.13681542
43 29.25002069
44 26.6802131
45 24.38652644
46 22.33411116
47 20.49314289
48 18.83801119
49 17.34665256
50 16
51 14.78152682
52 13.67686706
53 12.67349861
54 11.76047764
55 10.92821529
56 10.16828925
57 9.473284438
58 8.836657566
59 8.252622002
60 7.716049383
61 7.222385408
62 6.767577565
63 6.348012923
64 5.960464478
65 5.602044746
66 5.270165551
67 4.962503079
68 4.676967469
69 4.411676278
70 4.164931279
71 3.935198148
72 3.72108863
73 3.521344861
74 3.334825557
75 3.160493827
76 2.997406404
77 2.844704104
78 2.701603369
79 2.567388756
80 2.44140625
81 2.323057313
82 2.211793566
83 2.107112049
84 2.008550964
85 1.915685875
86 1.828126293
87 1.745512606
88 1.667513319
89 1.593822573
90 1.524157903
91 1.458258212
92 1.395881947
93 1.336805445
94 1.280821431
95 1.227737663
96 1.177375699
97 1.129569775
98 1.084165785
99 1.041020356
100 1

First column: Attacker's coin*day weight % of the total network weight.
Second column: Average attempts required to get success in the double-spend attack.

5) PoW don't participate in the network protection. If 1 PoW block was generated on the network in the time of your attack then you need less confirmations.

1/AttackerWeight^3

Code:
%      Avg # attempts
1 1000000
2 125000
3 37037,03704
4 15625
5 8000
6 4629,62963
7 2915,451895
8 1953,125
9 1371,742112
10 1000
11 751,3148009
12 578,7037037
13 455,1661356
14 364,4314869
15 296,2962963
16 244,140625
17 203,5416243
18 171,4677641
19 145,7938475
20 125
21 107,9796998
22 93,91435011
23 82,18952905
24 72,33796296
25 64
26 56,89576695
27 50,80526343
28 45,55393586
29 41,00209111
30 37,03703704
31 33,56718472
32 30,51757813
33 27,82647411
34 25,44270303
35 23,32361516
36 21,43347051
37 19,7421673
38 18,22423094
39 16,85800502
40 15,625
41 14,5093658
42 13,49746248
43 12,5775089
44 11,73929376
45 10,9739369
46 10,27369113
47 9,631777159
48 9,04224537
49 8,499859752
50 8
51 7,538578676
52 7,111970869
53 6,716954264
54 6,350657928
55 6,010518407
56 5,694241983
57 5,39977213
58 5,125261388
59 4,869046981
60 4,62962963
61 4,405655099
62 4,19589809
63 3,999248141
64 3,814697266
65 3,641329085
66 3,478309263
67 3,324877063
68 3,180337879
69 3,044056632
70 2,915451895
71 2,793990685
72 2,679183813
73 2,570581748
74 2,467770912
75 2,37037037
76 2,278028867
77 2,19042216
78 2,107250628
79 2,028237117
80 1,953125
81 1,881676423
82 1,813670724
83 1,748903001
84 1,68718281
85 1,628332994
86 1,572188612
87 1,518595967
88 1,467411721
89 1,41850209
90 1,371742112
91 1,327014973
92 1,284211391
93 1,243229064
94 1,203972145
95 1,16635078
96 1,130280671
97 1,095682682
98 1,062482469
99 1,030610152
100 1
The above formula is simple and beautiful estimation of the security model of the Peercoin-related projects.
I appreciate to see such a easy-to-understand table for the first time.

But I still have a question regarding PoS coins.
The above formula doesn't include an attacker's hashrate in the network.
I have heard of PoS coins have two types of difficulty, which are PoS difficulty and PoW difficulty.
So the PoS difficulty will adjust to a higher number if PoS blocks are generated faster than a predetermined interval (about 10 minutes in Peercoin and Novacoin).

In my understanding, the generating power of PoS blocks depends on coin*day*hashrate weight.
And in case the attacker needs to generate PoW blocks she needs hashpower to accoumplish it.

I think hashing power is also important when racing with the attacker, is that correct?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: wmikrut on September 29, 2013, 02:03:48 AM
"Basecoin provides annual interest rate of 0.01%, for stakes that are not moved."

Wow... I think one could make more in transaction fees... in one day ....


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: btbrae on September 29, 2013, 02:11:13 AM
All your base are belong to me...

(sorry)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: ilostcoins on September 29, 2013, 10:59:33 AM
Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.
I.e. another insecure copy&paste without any background... %)

1) Only active stake matters. I.e. if there are total 1000-2000 coins participating in generation, it doesn't matter how many coins exists here. Only this 1000-2000 coins should be counted.
2) Coins amount doesn't matter, only coin*day weight. If you have 1 coin with 0.5 days age then you have the weight, which equal to 0.5 coins with 1 day age.
3) Attacker don't need any hashpower, he needs only some coins.
4) Unlike PoW hashing rate, stake inputs could be re-used multiple times. Attacker can retry attempts to generate subsequent blocks until he get success. He can create multiple wallet copies, for example.

Attempts to get successful double spend could be calculated as 1/AttackerWeight^Nconf, AttackerWeight = (% of network weight) / 100, Nconf = 4 (the worst case, 4 subsequent PoS blocks).

So, average required attempts will be:
[table 1]

First column: Attacker's coin*day weight % of the total network weight.
Second column: Average attempts required to get success in the double-spend attack.

5) PoW don't participate in the network protection. If 1 PoW block was generated on the network in the time of your attack then you need less confirmations.

1/AttackerWeight^3

[table 2]

This applies to every coin with POS, right?


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Balthazar on October 02, 2013, 06:30:58 PM
Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.
I.e. another insecure copy&paste without any background... %)

1) Only active stake matters. I.e. if there are total 1000-2000 coins participating in generation, it doesn't matter how many coins exists here. Only this 1000-2000 coins should be counted.
2) Coins amount doesn't matter, only coin*day weight. If you have 1 coin with 0.5 days age then you have the weight, which equal to 0.5 coins with 1 day age.
3) Attacker don't need any hashpower, he needs only some coins.
4) Unlike PoW hashing rate, stake inputs could be re-used multiple times. Attacker can retry attempts to generate subsequent blocks until he get success. He can create multiple wallet copies, for example.

Attempts to get successful double spend could be calculated as 1/AttackerWeight^Nconf, AttackerWeight = (% of network weight) / 100, Nconf = 4 (the worst case, 4 subsequent PoS blocks).

So, average required attempts will be:
[table 1]

First column: Attacker's coin*day weight % of the total network weight.
Second column: Average attempts required to get success in the double-spend attack.

5) PoW don't participate in the network protection. If 1 PoW block was generated on the network in the time of your attack then you need less confirmations.

1/AttackerWeight^3

[table 2]

This applies to every coin with POS, right?
Yes, if it uses PoS blocks as the only trust score source.

I think hashing power is also important when racing with the attacker, is that correct?

No, it's incorrect. Read #5 again. :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: chris.capossela on October 07, 2013, 12:05:09 PM
I think hashing power is also important when racing with the attacker, is that correct?

No, it's incorrect. Read #5 again. :)

I did a little research by myself.
So, proof-of-stake miners are forced to test only one hashing per second.
That means variable input in the hash function is a timestamp only (like 1381142256 which is unix time), and all the other inputs are fixed at a given block.

That being said, a question arises that how to synchronize the entire network's time?
Or just permit the time to be approximate and each node checks the timestamp be included in MYTIME + or - 300 seconds or so?

Then cheat miners could test the entire available timestamp numbers (601 numbers in the above case) in less than one second and broadcast it in case they find valid blocks. I think that makes PoS difficulty unreasonably high but because the cheat miners burn their stakes so quickly, the situation will become normal in the end.

This may not be relating to double-spending attacks, and I am not sure whether it may be a problem or not.

PoS block finding relies on the timestamp, so time synchronization or time-range management is important, I think. Could you explain how to keep the timestamp from being evaluated rapidly? Thank you. :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Bfljosh on October 07, 2013, 04:39:45 PM
Is there a problem with the mining pool not paying out?

I am mining for a few hours now, no payment received.  :'(

Lingling88 please fix this or I go solomine.

My name is Lordbacon in your pool.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on October 07, 2013, 05:01:38 PM
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: Bfljosh on October 07, 2013, 05:20:01 PM
Is there a problem with the mining pool not paying out?

I am mining for a few hours now, no payment received.  :'(

Lingling88 please fix this or I go solomine.

My name is Lordbacon in your pool.

Ok I'm out.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on October 07, 2013, 06:44:53 PM
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


VARDIFF + Stratum PPLNS Mining Pool up :)
bac.minar.cc (http://bac.minar.cc)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on October 12, 2013, 06:00:53 AM
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


VARDIFF + Stratum PPLNS Mining Pool up :)
bac.minar.cc (http://bac.minar.cc)


Anyone mining this coin?
Network Hashrate: 1.058 MH/s
Whoever that is, you are welcome on the pool :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on November 18, 2013, 03:48:08 PM
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


VARDIFF + Stratum PPLNS Mining Pool up :)
bac.minar.cc (http://bac.minar.cc)


Anyone mining this coin?
Network Hashrate: 1.058 MH/s
Whoever that is, you are welcome on the pool :)

Im about to close my pool for this coin, net has been <1MH for a while now... Anyone interested in continuing mining at bac.minar.cc speak now, or forever hold it...


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on November 26, 2013, 09:01:58 AM
Basecoin has successfully survived, has a very precious coin (because 1 block only has 1 coin), we are developing the official website of basecoin, wish more people will like basecoin because it can be the base of something.

Basecoin needs your attention!


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on November 27, 2013, 03:49:52 PM
Basecoin has successfully survived, has a very precious coin (because 1 block only has 1 coin), we are developing the official website of basecoin, wish more people will like basecoin because it can be the base of something.

Basecoin needs your attention!

This is great!
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


VARDIFF + Stratum PPLNS Mining Pool up :)
bac.minar.cc (http://bac.minar.cc)



Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: caihuii on November 27, 2013, 05:08:50 PM
the wallet can't work, 0 active connection to basecoin network ???


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: meowmix4jo on November 28, 2013, 05:57:53 AM
I had to add nodes by hand. The one in the OP didn't work so I added the address of some of the pools.

addnode=216.24.205.232
addnode=216.155.151.242
addnode=116.226.16.77


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: parsec on November 28, 2013, 10:30:01 PM
i'm quite new to cryptos and i don't know where to start but i'd like to put up a blockchain explorer so that i can understand better how the blockchain works. since i don't have a deep understanding of all of this where can i start? is there an howto? somebody would like to help?
thanks


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on November 29, 2013, 08:57:52 AM
Now we have more add nodes for BaseCoin:

addnode=216.24.205.232
addnode=216.155.151.242
addnode=116.226.16.77

Can anyone help me to design a new logo for basecoin? It would be really very helpful.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on November 29, 2013, 09:00:13 AM
i'm quite new to cryptos and i don't know where to start but i'd like to put up a blockchain explorer so that i can understand better how the blockchain works. since i don't have a deep understanding of all of this where can i start? is there an howto? somebody would like to help?
thanks

You can search the bitcointalk.org for more info about how to setup a blockchain explorer.

Can someone help put basecoin on some exchange platforms? If basecoin could be put on some chinese exchange platforms (like bter.com or btc38.com), it would be very great.


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: sheinsha on November 29, 2013, 08:37:41 PM
i'm quite new to cryptos and i don't know where to start but i'd like to put up a blockchain explorer so that i can understand better how the blockchain works. since i don't have a deep understanding of all of this where can i start? is there an howto? somebody would like to help?
thanks

You can search the bitcointalk.org for more info about how to setup a blockchain explorer.

Can someone help put basecoin on some exchange platforms? If basecoin could be put on some chinese exchange platforms (like bter.com or btc38.com), it would be very great.

I would concentrate first on getting miners for this coin, it has not passed 1MH/s in a while..
I have had my pool empty since day 2,
Minar.cc Basecoin PPLNS Pool

I have setup a PPLNS Pool and its working fine, we have already found 5 blocks at the time of writing, so you are welcome to join and spread the network hashrate.

Please let me know if you find anything out of normal, comments and suggestions also welcome!

I have set pool fees to 1%, 60 block confirms for fast payouts, and only 0.01 BAC payout fee to pay the actual transaction fee.

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass


VARDIFF + Stratum PPLNS Mining Pool up :)


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
Post by: basecoin on December 19, 2013, 03:33:07 AM
BAC website built by BAC Chinese users: http://www.basecoin.pw/


Title: Re: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|Version 1.1.1
Post by: basecoin on December 19, 2013, 05:39:59 AM
Version 1.1.1 update:
- add newest checkpoints, please download the wallet here: https://app.box.com/s/2o2zeztzi51byu4htexw


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: basecoin on December 24, 2013, 04:22:35 AM
New peers for Basecoin:

Code:
addnode=216.24.205.232
addnode=216.24.205.232
addnode=216.155.151.242
addnode=116.226.16.77
addnode=bac.szbpool.com
addnode=114.225.86.236
addnode=116.226.2.134
addnode=216.155.151.242
addnode=58.253.41.116
addnode=221.198.108.61

Can you put your IP address using getpeerinfo command? We need more peers.


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: basecoin on December 24, 2013, 08:30:14 AM
Code:
addnode=216.24.205.232
addnode=216.24.205.232
addnode=216.155.151.242
addnode=116.226.16.77
addnode=bac.szbpool.com
addnode=114.225.86.236
addnode=116.226.2.134
addnode=216.155.151.242
addnode=58.253.41.116
addnode=221.198.108.61
addnode=122.4.157.122
addnode=113.243.58.18
addnode=180.107.126.91
addnode=119.142.90.64
addnode=14.208.48.4


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: B.S. on December 24, 2013, 11:20:54 AM
Code:
addnode=116.236.164.242


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: sheinsha on December 26, 2013, 09:03:19 PM
Quote
Minar.cc Basecoin VARDIFF + Stratum PPLNS Mining Pool

bac.minar.cc (http://bac.minar.cc)

Start your miner using the following parameters:
URL:stratum+tcp://bac.minar.cc
PORT:3339
USER:username.worker
PASS:workerPass
Sample command-line:
   ./cgminer -o stratum+tcp://bac.minar.cc:3339 --scrypt -u username.worker -p workerPass

Pool updated to latest v1.1.1 client :)
Code:
addnode=bac.minar.cc


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: B.S. on January 04, 2014, 07:37:10 PM
Is it dead yet?


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: basecoin on January 16, 2014, 08:10:20 AM
Can some one setup a block explorer for Basecoin?
As far as I know there is a pool bac.szbpool.com working as basecoin mining pool, but we need more pools.

Can some one help to promote basecoin?

Basecoin Ann Thread is here: https://bitcointalk.org/index.php?topic=289946.0


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: dE_logics on January 16, 2014, 03:20:12 PM
Can some one setup a block explorer for Basecoin?
As far as I know there is a pool bac.szbpool.com working as basecoin mining pool, but we need more pools.

Can some one help to promote basecoin?

Basecoin Ann Thread is here: https://bitcointalk.org/index.php?topic=289946.0

Hay man you're the developer!

The difficulty is very low so you must've mined quiet a lot; you already got the reward. Now we would like you to work also.

Maybe you should provide some bounties.


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: kissxrl on February 19, 2014, 07:25:18 PM
Transaction

https://www.swisscex.com/market/BAC_BTC
https://www.swisscex.com/market/BAC_LTC
https://www.swisscex.com/market/BAC_DOGE


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: allcrypt on March 11, 2014, 01:44:28 AM
So I'm assuming the coin is dead.

Added to AllCrypt.com, added all the nodes I can find listed online, and none are running.

Unless we get good nodes that stay up within 48 hours we'll be removing Basecoin.

Not sure why a coin with no nodes got so many votes.


Title: Re: [ANN][BAC]BaseCoin, POW+POS Coin with message| New Version 1.1.1
Post by: allcrypt on March 12, 2014, 03:01:11 AM
Screw it. The coin is obviously dead. Cya.