Bitcoin Forum

 
     Remember when you first got interested in cryptocurrency?  It was such a cool feeling to be a part of something that was gonna change the world. Then the money happened and now it just seems like something for investors to mess with, not an actual breakthrough in decentralized, egalitarian currency. I want to bring that feeling back and make it stay forever.

     Pennykoin is a new cryptonote coin building off of the digitalnote/bitcedi/ultranote codebase, featuring encrypted messaging & deposits that accrue interest.   

   Pennykoin intends to stand out in the fairly crowded privacy coin market by focusing on adoption/accessibility  and actual usage. Accessibility is served by using familiar terms, and attempting to write documentation/software that is meant to be read & understood by EVERYONE, not just current cryptocurrency enthusiasts.  Actual usage is a tougher nut to crack. I will be launching several sites myself that will accept ₱k over the next few months (details in roadmap. In addition to this I will get payment mods for as many CMS/blogs going asap.
 
   There are 10 billion pennykoins, 2 decimal places, or 100 pennies each. Emission will be roughly 20% the first year, then 10% for the next six years. No coin has existed 8 years at this point, so we will assess the situation after that.
 
   Transfers are fairly expensive at 2 pennies each, and are a flat fee. Block for the first year have 12000 pennykoins, targeting 3 minutes of difficulty. 
 
   Deposits require at least 25000 coins ( little over 2 blocks) and can only be deposited for 3 months. Each 3 month deposit earns 1%, or 4% annually.
 
  Currently you can only import a paper wallet into the GUI wallet, I will have it working for the CLI shortly.
 
  There are a lot of features in various cryptonote coins. I intend for Pennykoin to implement as many of these features as possible.
 
   At launch will be using the cryptonight algorithm, still trying to decide where to go when the asics kick in, leaning a little toward cryptnight lite v1, or a variant thereof to run better on phones/craptops.

  I am not the best programmer, I am however very determined and I will not give up on this project. If you check my post history you can see I’ve been thinking about doing this for a while now.

   This is tentatively a community project. I am moving forward with a very strong vision of what this coin should be, I am not willing to compromise on that. I am fairly logical and if someone has a great idea, I can likely be brought on board.  God knows I could use some help coding.
 
   As of now, website, GUI clients for windows/linux, and a block explorer are live. I plan to hit every milestone in the roadmap at or before the noted time.


 If you would like to help/contribute to this project, the number one thing you can do is accept ₱k if you have a website that sells things. Aside from that I will be accepting donations. I am on a fixed income and there is no premine/ICO here. That and my laptop is shitty  even for CPU mining, there will be many people with more pennykoin than me pretty soon. I would also like to take some programming classes/books to become more fluent in the 2--3 languages I am using for this project.
 
 Donate BTC to 36PBksiZEiMcsx3Fd73TyWacHnvab4jZ3J 
  ₱k to PkQrCLndEB9Pi4sTeVMG8gHSL8W5dBAst3Tzu84MfFXdLgcTR2BUvnSbtKgNYSTxMx3qgFyukgEtrXk HhVPGdgho2v4tYoiiZ
   or support me on patreon at https://www.patreon.com/jerryhowel (https://www.patreon.com/jerryhowel)l . 

reserved

Can you launch a compiled windows qt wallet?

That's a must for a serious project, at the least a cli one

 Both windows/linux GUI wallets are live. Don't have a mac to test/build on so no go there.
 
https://github.com/Pennykoin/QTPenny/releases

See above, no pool up just yet. My two VPS are handling seed nodes & the block explorer.
 
To mine in CLI, start the daemon, and either start the wallet and initiate mining there, or enter "start_mining  walletaddress X" Where X is the number of threads,

What is this error?
Error polling getblocktemplate {"code":-4,"message":"Failed to parse wallet address"}

My wallet address: PkRQegN4k6yWXF4iCxVZXyhuX5F1Fw9pVS1pAoFSbxcHQnZV3pEUsf6ibLobU29kBrjRbKdYngSprQ

Currently coin not support cryptonight pool?

How can i solo mine on windows

is there a username/pass and port for solo?

"Transfers are fairly expensive at 2 pennies each"

Just wondering why?

Also,

If you put up a youtube video showing step by step how to mine your coin, in an easy to understand way that even my grandma could follow, you may get many newbies involved with your coin because you take the time to help them when other "high profile" coins wont.

How to run CLI wallet?

How will Pennykoin introduce his token without ICO?
Would not that later affect Pennykoin's own development?

So we can use older version of wallet?

Someone found the block? ???

https://i.imgur.com/POpaL2S.png

Someone own pool  >:( :-\

Released coin without pool means that Dev don't want fair launch!!
This coin is dead for me.

still trying to decide where to go when the asics kick in, leaning a little toward cryptnight lite v1, or a variant thereof to run better on phones/craptops.

I've been checking on the website, I think there are some issues in the sites, in some pages, the images won't load.
Please kindly update the site, doing that should makes everyone who visit it will be happy to read all the available information .

How much money does your project plan to collect?

can we GPU mine yet?

Publishing a new coin with the original cryptonight algo is a joke.

This project did not have ICO or pre-mining. So, they may not collect money...

 
 
No but we could use some BTC donations to get listed on exchanges!

Can you at least share pool so we can manually add?

How to solo mine in gui wallet?

 
 Click the mining button up top, then add the pool listed in OP

I did but it says Host not found

 Not sure, it's working here.   You put the pk.youpool.io in the main box, and the 5553 in the box marked port?

 Not sure, it's working here.   You put the pk.youpool.io in the main box, and the 5553 in the box marked port?

---- update ----- We've found nearly 200 blocks. NICE! We are the ONLY mining pool right now! 8)
---- update ----- We've already found 50 blocks. The payment works nicely. Join us now! ;)

Hello PK community!

Welcome to our PK mining pool! Check it out: http://youpool.io/PK (http://youpool.io/PK) Just set your mining machine to pk.youpool.io:5553 or 7773 if you're ASIC/Nicehash miner. Happy mining! ;)

If you have any question about mining PK, please join our Discord Server: https://discord.gg/wjc8KmY (https://discord.gg/wjc8KmY)

Hi, admin. Could you please:
1) add our pool to the pool list?
2) Setup an official PK Discord Server. So, we can contact you :-)
3) Give us a logo.png of Pennykoin.

Thanks a lot!

youpool.io (http://youpool.io)

solo mining with GPU's?

I think all the content inside the website is too simple, I can't learn much about the project.
It would be great if the content of the website got an additional information, all the details of the project would be great.

 
  Not sure if there are apps for that, you could make your own pool or join youpool.

How to join youpool?

this is a waste of time .... but a shit coin

This coins is surely better than the scammers making useless tokens on the ETH and WAVES platform and showing fancy images just to collect money and run away. At least this is a true cryptocurrency without ICO, premine or other shit like that.

Good luck dev with your project.

this is a waste of time .... but a shit coin

 
  Unnecessary, but anything you can say I have said much worse to myself.

Why launch on the algo that will be smashed by ASICs right from the start and then talk about fork!? Only for the sake of trying your skills in coding? Well, it's fun, but not quite so for others.

Does this coin has any issue ? I'm getting mine at your own risk on hashpool.frl

Good luck.
wallet got stuck block 1170.

 Afraid that was gonna happen with the questionable blocks, grab this file (http://pennykoin.com/wp-content/uploads/2018/05/blockchain.zip) . There are instructions on the front page of pennykoin.com if you aren't sure where to unzip it.

running a blockchain is complex to do solo unless you get the community behind it and helping.

Based on the pool network, I can see that this PK is dead on ASIC!
Unless the dev. really want to move away from the ASIC plagues that already wandering around and looking to mine to death the original CN algorithm, including this one.
All the Bitmain X3 and Baikal N will destroy this coin once the last standing Electroneum and the other guys fork on 30 of May.
This project is great actually, but with ASIC on board to compete with? Meh.

This project is great actually

Hey dev, any update on the verdict of the poll? Are you going to fork, what algo are you going to fork to? How will this affect us miners? Thank you

   Yes, i really dont see the point, but the crowd has decided we are going to for for asic resistance. We will either be moving to on ofe the cn lite variants or ( im working on it) a custon cn ultralite.
 
Edit: I run a updated once-or-twice a week at the website, upcoming plans and recent news are always there.

Good luck dev with your project. ;)

Hi Dev,my wallet windows got stuck block 7022.
Help me.
Thank you so much.

Remember when you first got interested in cryptocurrency?  It was such a cool feeling to be a part of something that was gonna change the world. Then the money happened and now it just seems like something for investors to mess with, not an actual breakthrough in decentralized, egalitarian currency. I want to bring that feeling back and make it stay forever.

I like your style. There is big interest towards crypto note lately, bought some OTC since they are not available on exchange right now.
I am curious about the name "PennyKoin", is it meant to be ironic?

 

     I wouldn't say ironic. More like a compromise. Initially I just wanted penny, but there was a  (failed0crypto with the name in 2015/16. Pennycoin would have been the next choice, but the domain was $2000 I don't have and PC is a terrible ticker.  
  
 Whereas it wasn't my first choice, I think it's served well. My second most popular tweet was me justifying the name, and that attention brought a lot of miners on board.  I'm not sure I'm willing to rebrand, but it wouldn't be now if I was, and the community would have to push for it (like ant-asic)

Calling it Penny is just belittling coin, in terms of it should not cost more than penny, unless it is meant to be a joke and investors usually don't have a sense of humor about their investments. Also mispelling "Coin". I don't know man, name is real turn off if you ask me.
Also, code says 1 trillion max supply, but it was said on discord its 10 billion.

 
  But if the pennies ( atomic units) are worth a penny then 1 PK=$1, which would mean a $2bn marketcap at the end of year one.  This isn't for investing, this is for spending. If you get some now, you will almost certainly make some money, but that isn't even close to its goal. Just like a cool side effect of being a believer/early adopter.
 
 You quoted the part above where I talk about how crypto is all speculation now, that part is the bubble and it will be gone. I don't know if you're old enough to remember internet launch, but it was much the same. Silicon Valley's "tres comas" guy is todays ICO millionaire.   PK strives to be more like spotify or pandora in that analogy.     Both of which are idiotic names for internet music.

Fair enough. Could you please clarify max supply for me? Why does code say 1 trillion and it was either you or another dev that said its 10 billion?

 
One trillion atomic units, 10bn pennykoin.

Never mind. I figured it out. This is it right? - const uint64_t COIN= UINT64_C(100); // pow(10, 6)

What's the status on ASIC-proofing?  Given Aeon/TRTL are the only coins I'm aware of on cn-lite/v1 it might be a good choice.   Would love to add you to our list of pools (https://cryptonote.social/) once the ASICs are gone.

Hello all... Is this coin dead ? i red for fork at block 16000 and no more...

  Hey friend!

 The fork went roughly and I will be rolling out a patch to get things moving tonight. 
Join our discord to get all the latest info!




sorry about that,

-jerry

Very good project I will explore the project before deciding whether to invest a small amount

 
   The fork to v7 is moving along now, the chain is accelerating and should be full speed in approx 48 hours.  So far   Getpool (https://getpool.org/pk/)  and   Youpool (http://youpool.io/PK/) have upgraded and are on the proper chain.   
 
   Once everything is going at the proper speed we will be listed on   Digitalprice Exchange (https://digitalprice.io) .  I asked them to hold off a few days while the blockchain got back to normal.
 
   

Is the wallet syncronized?? the 1.8 version can't sync, transaction old from 171 hours..

Amount: 58.00 PK
Fee: 40.00 PK


Fee is too much???

Nice to see pennykoin on some exchanges. I would also recommend Crex24. Very cheap to get listed there and pretty solid exchange https://coinmarketcap.com/exchanges/crex24/

 
You need 1.8.7    https://github.com/Pennykoin/QTPenny/releases/tag/1.8.7
 

ok, i have a question, hope someone can help me..i got the 1.1.2 pk wallet and i have my coins it it..now i downloaded the newest wallet, i install it and works great
but all my coins are gone, i saved my old roaming file for the 1.1.2 pk just in case..so are my coins gone, or can i just move my wallet.dat in the new one..oh by the
way i go to roaming and the new wallet isnt there...its in programs x86 also its called qtpenny..anyone please help

thanks for the advise, but like to add, when i go to roaming, the qtpenny isnt there, it goes to my programs x86 folders, and in there its just where you exe wallet

Hey, is the algo CK v_7 ?  Or is it the really old CK?  Was getting a lot of rejects on Nicehash using v_7

I feel scared of strange, new exchanges.
There are so many scam ones, which have fast exit.
Young exchanges need time to show their reliability.

  If you haven't been paying attention there's a LOT going on with Pennykoin.   We've just passed our first halving, emission is now 6k Pk per block. In approximately 6 days Pernnykoin algo will switch to CN Lite, making us the only coin on that algo.  There is no nicehash or MRR for original CN lite, but there are pre-existing ASICS.  This allows for a strong network hash with almost no chance of a 51% attack.

   

     If you haven't checked out Pennykoin in a while, come see what we've been doing. New wallet, new website, so many new features added.

  If you haven't been paying attention there's a LOT going on with Pennykoin.   We've just passed our first halving, emission is now 6k Pk per block. In approximately 6 days Pernnykoin algo will switch to CN Lite, making us the only coin on that algo.  There is no nicehash or MRR for original CN lite, but there are pre-existing ASICS.  This allows for a strong network hash with almost no chance of a 51% attack.

i strongly suggest you , Don't fork to any Algo , look at ETN you are not bigger than them and they are switch back to CN original.

if you do this you will lost your miners. because baikal users are too small than X3 owners..