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Title: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: uMMcQxCWELNzkt on October 26, 2013, 01:55:16 PM I would like to find out if it is possible to create an alt-coin that uses an alternative method to mining? Perhaps a coin that is time based or one that is mined in relation to a users activities. Mining to me seems a like a waste of energy so I would like to get an idea of the potential possibilities. Also out of interest where could I go to find a alt-coin developer? I realize there are a few tutorials about but I would rather find someone who knows what they are doing. ;D
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: Aspen on October 26, 2013, 01:57:36 PM Mining with HDD will be fine. I will get advantage with my SSD, jajaja...
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: loveys on October 26, 2013, 02:01:02 PM Mining with HDD will be fine. I will get advantage with my SSD, jajaja... ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D sound card,network card! Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: NaNaec on October 26, 2013, 02:02:10 PM Alt-Coin without having to mine using CPU/GPU/ASIC Possible?...
Try it on the vacuum cleaner? Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: uMMcQxCWELNzkt on October 26, 2013, 02:08:18 PM Mining with HDD will be fine. I will get advantage with my SSD, jajaja... ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D sound card,network card! Sound coin ;D, but seriously is raw computing power necessary? Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: Tranz on October 26, 2013, 02:15:51 PM Your best bet is a PoS coin. Technically it is still mining, but very efficient. It can be done with even just 1% of the CPU, and the wallet only has to be brought up every once in a while depending on the coin.
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: illpoet on October 26, 2013, 02:43:58 PM thats cool thing about being on the frontier of a brand new technology, the possibilities are endless!
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: snailbrain on October 26, 2013, 02:51:52 PM Light Coin, using photons
(also huntercoin and chronokings :d) Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: cp1 on October 26, 2013, 02:55:44 PM Sure it's possible, you could just require that the miner send "hello" in to mine a block, but limit the amount of blocks you can mine to one per day per ip address. But then you'd have a botnet come in with 1 million computers and mine all the blocks in one day.
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: leoragraves666 on October 26, 2013, 03:14:55 PM Nowdays everything has some kind of computing power. Even my LG dishwasher, would be nice if someone put that to use ;D
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: pliznau on October 26, 2013, 03:29:53 PM You can make a regular coin and set up only one pool or a web site with ads and people get their coins by how much time they stay on that particular page. Set an amount of coins to be released at a certain interval per account/ip and the more accounts online at a certain moment sets the difficulty. And i recommend an ads website for a small revenue to maintain the server.
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: knightmb on October 26, 2013, 04:01:52 PM I would like to find out if it is possible to create an alt-coin that uses an alternative method to mining? Perhaps a coin that is time based or one that is mined in relation to a users activities. Mining to me seems a like a waste of energy so I would like to get an idea of the potential possibilities. Also out of interest where could I go to find a alt-coin developer? I realize there are a few tutorials about but I would rather find someone who knows what they are doing. ;D One was already created years ago and still going strong today. Not so much an alt-coin, but more of a totally different concept and technology all together. Basically not a clone of bitcoin/litecoin or how its concepts work.You'll find it here -> http://timekoin.org/ More info at Wikipedia -> http://en.wikipedia.org/wiki/Timekoin Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: markm on October 26, 2013, 04:04:03 PM You could make a RIpple-clone.
-MarkM- Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: freigeist on October 26, 2013, 04:09:34 PM I would like to find out if it is possible to create an alt-coin that uses an alternative method to mining? Perhaps a coin that is time based or one that is mined in relation to a users activities. Mining to me seems a like a waste of energy so I would like to get an idea of the potential possibilities. Also out of interest where could I go to find a alt-coin developer? I realize there are a few tutorials about but I would rather find someone who knows what they are doing. ;D One was already created years ago and still going strong today. Not so much an alt-coin, but more of a totally different concept and technology all together. Basically not a clone of bitcoin/litecoin or how its concepts work.You'll find it here -> http://timekoin.org/ More info at Wikipedia -> http://en.wikipedia.org/wiki/Timekoin There are not so much info on this coin in this forum lately neither it seems to be traded on the exchanges or widely used within cryptocoin community Are there any services created around this coin or that accepts this coin?! Who is using it? Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: uMMcQxCWELNzkt on October 26, 2013, 04:28:34 PM Thanks for all most of the input, I will take a look into Timecoin. Also I wont be cloning Ripple from what I have read it has some issues. I don't really want to make another pointless coin so it would need to bring something new to the table.
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: knightmb on October 26, 2013, 04:47:21 PM There are not so much info on this coin in this forum lately neither it seems Timekoin is not a derivative of bitcoin, so these forums would not be the best place to find unbiased info about it. There is a very healthy trade community for it, person to person transactions are common place. As for the exchange question, you would have to ask the people that create the exchanges. They tend to only look around these forums for digital currency to add, but a whole other world exist outside this forum. ;)to be traded on the exchanges or widely used within cryptocoin community Are there any services created around this coin or that accepts this coin?! Who is using it? Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: Carra23 on October 27, 2013, 11:41:20 AM XPM PoW has good value. I am sure in future we will see more PoW coins which have a direct application.
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: boymok on October 27, 2013, 11:51:18 AM Smartcoin, only for smartphones, using smartphone cpu!
Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: SlyWax on October 27, 2013, 02:13:53 PM Money creation only from people :
http://openudc.org Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: leoragraves666 on October 30, 2013, 01:13:18 PM You could make a RIpple-clone. -MarkM- And make a ton of money without investing any. Perfect bussines plan Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: codymanix on October 30, 2013, 02:36:32 PM Sunny King's PeerCoin (PPC) is what you are looking for. It uses proof of stake instead of proof of work (Latter is what is called mining).
In simple terms the more money you have, the more money is newly generated for you. The downside is that over time everybody loses a small percentage of money to prevent unlimited money in current. Title: Re: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? Post by: d5000 on October 30, 2013, 06:35:53 PM The downside is that over time everybody loses a small percentage of money to prevent unlimited money in current. No. That is Freicoin, not Peercoin. In PPC, the only way to "lose" money is via the destroyed transaction fees. Also, PPC is a PoW/PoS hybrid, so traditional mining is (for now) required. "Nxt" is an attempt to create a pure PoS coin, but has not launched yet. |