Bitcoin Forum

Ixcoin is a fork of Bitcoin with twice the inflation rate of 96 Ixcoins per block and the same 21 million total limit.

Ixcoin is intended to closely mirror code updates to Bitcoin to allow for easy interoperability with Bitcoin-related third party services and APIs.

More details at http://www.IxCoin.org and in the FAQ (http://ixcoin.org/wiki/index.php?title=FAQ)

See also https://bitcointalk.org/index.php?topic=36218.0 (https://bitcointalk.org/index.php?topic=36218.0)

Where can I get the executables?

On Sourceforge (http://sourceforge.net/projects/ixcoin/):

ixcoin-0.3.24-linux.tar.gz (http://sourceforge.net/projects/ixcoin/files/ixcoin-0.3.24/ixcoin-0.3.24-linux.tar.gz/download) SHA1: 9c60367439ca849ae8749182fd3c2e0b60728890

ixcoin-0.3.24-linux-src.tar.gz (http://sourceforge.net/projects/ixcoin/files/ixcoin-0.3.24/ixcoin-0.3.24-linux-src.tar.gz/download) SHA1: 65b08df71875c7fcbac6450bf2edd84c70f1ba62

ixcoin-0.3.24-win32-setup.exe (http://sourceforge.net/projects/ixcoin/files/ixcoin-0.3.24/ixcoin-0.3.24-win32-setup.exe/download) SHA1: 0298f65e4e309c54d25052ecee70e25796d362c4

ixcoin-0.3.24-win32.zip (http://sourceforge.net/projects/ixcoin/files/ixcoin-0.3.24/ixcoin-0.3.24-win32.zip/download) SHA1: 573a36bde8ab8e29874cc8327f3262775ffcc63a

The mining difficult is silly small - for a few hours at least... So start mining asap!

There are over 230,000+ IXC bounties (http://ixcoin.org/wiki/index.php?title=Category:Bounties) up for grabs.

Listed below are the mining related bounties:

• First pool to reach 500GH/s on Ixcoin blockchain    20,000 IXC
• First pool to reach 1,000GH/s on Ixcoin blockchain    50,000 IXC
• First tier-3 mining pool to support Ixcoin    2,000 IXC    
• First tier-2 mining pool to support Ixcoin    5,000 IXC    
• First tier-1 mining pool to support Ixcoin    10,000 IXC    

My understanding is that the reason for slower growth in Bitcoins was to keep mining profitable until the currency takes off (and after that gets funded by transaction fees). So this would mean speeding up the process (and trying to complete with the more established Bitcoin currency) might drop the incentives to mine too quickly. It would also mean the currency is held by a fewer number of people, exposing it to greater fluctuations in any exchanges that use it.

If you're going to fork Bitcoin, at least try to fix the many flaws in it...

Whats a fork exactly, just another Bitcoin with no ties to the original?

Don't mine this, he just wants to be an early adopter and probably pump and dump his "Ixcoins"... He owns 500k already.

If it at least would have been made merged mining aware right from the beginning...

Why create a Bitcoin fork that is not merged mineable?!

Also please create a patch for the alternate Block Explorer, so we can at least track Difficulty.

https://bitcointalk.org/index.php?topic=36218.0

Isn't one thread enough?

Hey guys I'm gonna make my own fork of Bitcoin that has ridiculously fast block generation rate and doesn't fix any flaws with the system, and then I mine half of the available coins by myself before making the fork public.

I'm gonna be rich.

It's obvious there is a need for this... maybe the bitcoin difficulty is too high ?

This could help getting the difficulty down.

But his name is a strange combination of NASA and kioto refers to Kyoto protcol (http://en.wikipedia.org/wiki/Kyoto_Protocol)

How do I mine solo with IxCoin on GUIminer?

Whats the value of Ixcoin compared to other currencies?

Do IXcoins even have value yet? Do any exchanges trade them?

I am also doubtful about the value of IXcoin, aside from giving Mr. Nasa-Kyoto a 2nd chance at being a Bitcoin early adopter.
I don't see the benefit(s) of this fork over real Bitcoins.

And who chooses a picture of themselves for their forum avatar? (Apologies to Vladimir) Actually, there is a difference between Vladimir's pic and this guy's. Vladimir is just showing what he looks like (average guy). This guy is going for more of a glamour shot, which is disturbing to say the least (considering this forum is mostly guys!)

Pretty forked-up, if you ask me...

Matthew

it was extremely profitable.

now, not so much.

It's apparently some Jap idol and the chances are I'm more Japanese than he is! :D

As for his name "Thomas Nasakioto", somebody pointed out it's an anagram of Satoshi Nakamoto.

It's probably Tom Williams in hiding  ::)

If this guy wanted to make some serious money he should have invest a few thousand $$$ to buy off the other peoples IXCoins so they start to trust it a little bit. Then sell off his 500K and cash in!

At least it's a few hundred GH/s that aren't mining on the Bitcoin network.  Lower re-target, here we come!

+1
we need more of these forks

that, and namecoins in several months.

Yeah, the Namecoin bonanza is going to last all of 2 days. I doubt it will even affect BTC difficulty.

I'm sure we'll be seeing a lot of this. 
 
We can all start our own fork and be the first adopter and have tons of coins but unfortunately we can only sell them to ourselves so there is no value.  It's like playing monopoly solo AND being the banker... what's the point... no value, it all goes back in the box till there are players.

Frankly, there's nothing wrong with Bitcoin. No, I'm not talking about the economy that's sprung up around Bitcoin, I'm talking about Bitcoin itself.

Can anyone tell me what's wrong with Bitcoin?  Is it something that IXcoin, Smurfcoin, or some other fork can solve?

I think most things a person could bring up would be things like: Mt. Gox, Mybitcoin, difficulty using exchanges, lack of accountability, lack of insurance, mass adoption, business adoption, etc. -- things that are connected to Bitcoin, but not Bitcoin itself.

So starting a new blockchain does *nothing* to bring us even one nanometer closer to electronic currency nirvana.

High difficulty means the network is secure - it is a good thing.


The problem with Bitcoins is that it won't make Thomas Nasakioto into a millionaire overnight...

Oh yes they will...

Conversation between SA members:
And here you guys are, being played like puppets...

I mean it should be obvious from his original post.  He comes up with a japanese name and puts a japanese picture as his avatar so he can siphon off a supposed "Satoshi"-esque aura "hey, he is from japan.  must be awesome!!11!".  Then someone finds out he stole some random dude's picture.  He responds by saying "oh, I have him as an avatar because I like that guy".  Convenient.  On top of that, his name is found to be an anagram of Satoshi's full name.  Which is particularly odd because he advertises his real name as such and even went as far as to create a facebook account with the same/name picture to make himself appear as a real person.

And obviously the whole mining 500k coins before presenting it to the rest of the community.  All it takes is a little bit of research to find this all out.  Some people are making quick returns in BTC off it but I don't think they are mistaken that Ixcoin is some sort of legitimate alternative to bitcoin.

Did you read the thread at all? Everyone here is doing the opposite - saying he is full of shit. So, you know, good joke you have there but it failed miserably.

Up. to. his. neck.

So, is .00000001 IXC = 1 Thomas?.... hahahha

Anyone would think it's April 1st...

Hmm, it doesn't scale at all. Mining is flawed because it favors pooled mining (not really good for the decentralized part of the network). Also, the code of the client is pretty horrible as well. Also, the wallet.dat is stored unencrypted on the disk. Finally, we lack a wallet protocol and per-address signing.

(Edit: never mind. I should have realized you were trolling, as usual.)

As i say in another thread i an curious about "merged mining" because that will help everything to take its place... So my curiosity is will be "merged mining" implemented in IXCoins ever ?

Now, to address the point of my post, Which of these flaws has been fixed by IXcoin?

I like that suggestion. I might hop on board ixcoin to promote this, because the whole thing seems so stupid.

It's profitable so I mine them until it isn't... I'm just like the other 90% on this forum...

Mining BTC = 1.47 BTC /24 hours
Mining IXC = 2.10 BTC /24 hours (±350 IXCoins - after exchange (https://ixchange.bitparking.com/main)@ 0.006 BTC)

There are mainly 3 problems with Bitcoin:

1. It unfairly benefit early miners (IXcoin just amplified this to a degree so that everyone can see it clearly)

2. Deflation nature make it unsuitable for serious long term business (IXcoin also made this worse)

3. Difficult to understand and use, wallet.dat security issue (IXcoin has no improvement)

These 3 problems in Bitcoin makes it very like a scam instead of a digital currency that has real long term potential. Unfortunately IXcoin just made these 3 problems worse, so it seems even more like a scam  8)

But what if IXcoin can fix these 3 problems? I think it will really become a replacement to bitcoin in a longer perspective, or at least urge bitcoin to improve a lot ::)

Why does everyone think IXCoin is a scam? It is literally the same thing as bitcoin.

Anyways, I made a tool for checking difficulty if anyone is interested.
https://bitcointalk.org/index.php?topic=37117.0

No, it's not LITERALLY the same thing as Bitcoin, or it would be Bitcoin. Do you even know what literally means?

It's not even "more or less" the same thing as Bitcoin.

There are several exchanges that trade Bitcoins, there is a small economy built up around Bitcoin, etc. and none of that works with IXcoin.

What can you spend IXcoins on? Even fewer merchants than Bitcoin, and that's pretty bad!

Can't you at least use some thinking skills? Really, it's people like you that make forums a terrible place to be.

Of course it is not exactly the same thing as Bitcoin, it's the same concept--it uses the same source code with minor modifications.

If you expect to be treated like an adult please use words that you want people to take at their definition. Otherwise I could say that literally you don't know what you're talking about.

IXCoin is to Silver, as Bitcoin is to Gold.

I would also assume you're the person that calls someone an uneducated troll for making a typo.

Are typos literally the same as using a word with the incorrect meaning when you assume everyone will interpret your point the way you meant? I'm not a grammar nazi - this is just basic english. Literally: 1. In a literal manner or sense; exactly. If you meant what you did you should have said "IXcoin is LIKE Bitcoin, but slightly different."

It's ok to be wrong but being a dick about it when people correct you makes you sound like a child.

IXCoin is to scrap steel as Bitcoin is to Gold

FTFY. (I'm learning these hip acronyms -- for anyone who hasn't figured this one out yet, it means Fixed That For You)

Namecoin is the equivalent of silver.

Nothing wrong with scrap steel.

http://www.eduardvanamstel.nl/wp-content/uploads/2011/06/recycle.jpg

Wow, I cannot even believe this. Do you do this for fun? Go around and correct people for the simplest of things? You are being far more immature than I am. I made a statement that I was hoping everyone (evidently not you) would understand then I am bashed for not using the right word to appeal to you.

I bet you would also do this.
"You're internet isn't working"
"No, it's 'your', you're is you are. In this case this is the incorrect term, because <insert wikipedia quote here>. Rather, please say 'YOUR internet'. Learn basic english before posting on this forum/site/etc"
Sound familiar?

Anywayz, Ixcoin does seem pretty lame. What I would like to see is a fork that would allow me to use my CPUs in some interesting or fun way. I mean, if I'm going to run my rig flat-out, I want to go all the way. None of this idle CPU crap.  :P

Yea my uncle was in the scrap metal business. Made a fortune he did...  ;D

'One Man’s Trash is another Man’s Treasure'

Some of the hash power have moved to Ixcoin, and the exchange between Ixcoin and Bitcoin has very quickly balanced the market value of these 2, is this kind of inflation? Ixcoin seems to flood the market with newly created coins, which is BTC exchangeable;D

I can already see how inflationary bitcoin will be, caused by many different types of fork in the future ;D  This will hurt the credit rating of BTC

That is one of my primary objection to any new coin. It basically defeats the "limited" supply characteristics of Bitcoin.

When we are on the subject of correcting people randomly. It's not 'his' Internet. He doesn't own the Internet. The "Internet" is a proper noun, so it should be capitalized.

So, really it should be:
"Your connection to the Internet isn't working".

That's the problem -- there are only so many techies and young people who are willing to play with something like Bitcoin.

If you have 5 forks, then none of them will be viable.

In other words, the market is only big enough for ONE Bitcoin at the moment. If anything, it's not even big enough for one!  Nevermind several.

Anyone who disagrees please back it up with facts, reason, logic, etc. I'm all ears.

Matthew

So are you gonna mine I0coin or what? :)

Lol

ok not a total noob but enough of one that I don't know all the in's and out's and apparantly can't get solo mining to work.

I created ixcoin.conf just like I had for bitcoin, different port. I started ixcoind and tried connecting Guiminer and it just say there "connecting" for an hour. Gave up and launched the client using -server switch and again tried Guiminer, this time it connected and my hash rate started. However after 30 mins I saw no change in the Accepted or Stale block count so can I assume it's not working?

No problem solo or pool mining Bitcoin and namecoin but I can't seem to see any block change with ixcoin solo mining, just via pool mining.

you're a bit too late for ixc solo mining.

after 16 hours of no blocks, i moved back to btc.
it was fun. made decent amount of $ too.

Status: 0/niet bevestigd
Datum: 18-8-2011 07:57
Naar: xiBqxLfUEGScX3wQj8AKBeqrjDvjWDs5jZ
Debet:-1417.00
Nettobedrag: -1417.00

Still at 0 after 2 hours...

Yup I'm calculating an average of about 1.5 blocks per hour mined.

How do I get a IXcoin address?

Average block per hour rate is 0.333333 blocks/hr.