|
Title: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 12:48:05 AM Curious if it's simple enough to create an altcoin, but I own all of the coins, with certain people's wallets only receiving them if I give them out? The reasoning was for an idea I had with a group of 15 or so friends. Gaming competitions that prize out this coin, which can be redeemed back to me for certain prizes?
Would this be easy enough to achieve? Would it be secure enough to where someone can't just edit a text file and give themselves unlimited coins. Thanks in advance! Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: Tenemo on March 13, 2014, 12:57:30 AM I back up the question, that's an interesting one. Such coin would open up many possibilities, I've always wanted to a be central bank too. Maybe you could try creating an altcoin with low number of coins, like 10,000 and mine them all in a single block, 100% premine. However, possible transactions will require to be validated somehow (by mining more blocks).
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: greenclover on March 13, 2014, 01:10:29 AM This is sooooooooooooo easy, just create a 100% premined coin, and you have all the coins, you can give to whoever the coins and distribute them any way you want. Trivial to do.
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 01:18:48 AM Good call!
Anyone have an idea where I can find a tutorial to accomplish this? Being a super noob in this area... Or any idea what a fair cost would be to set this up? Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: st4nl3y on March 13, 2014, 01:23:50 AM Good call! Anyone have an idea where I can find a tutorial to accomplish this? Being a super noob in this area... Or any idea what a fair cost would be to set this up? http://coingen.bluematt.me/ you can choose how many pre-mine Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: elbandi on March 13, 2014, 01:24:14 AM Use this:
Code: int64 static GetBlockValue(int nHeight, int64 nFees) Mine the first block, and voala, you have 100000 coins. other blocks has 0 reward. Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: ThePeePs on March 13, 2014, 01:25:27 AM I would also say, set a fixed diff, (if that can be done) do so that this way the blocks keep moving for tx's
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: defaced on March 13, 2014, 01:26:12 AM put all the coins on the first block.
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 01:27:33 AM Use this: Code: int64 static GetBlockValue(int nHeight, int64 nFees) Mine the first block, and voala, you have 100000 coins. other blocks has 0 reward. How about the custom wallet (for that coin) creation? As well as naming it? That's pretty much all I'd like. Say a million (or over) coins, a wallet I can distribute, a personalized name and even icon. No mining information needed, just a wallet distribution with my 'host wallet' having all the coins. Obviously I'm beyond noob at this... :( Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: serje on March 13, 2014, 01:28:58 AM And who will mine it?
Since no one will get the coins by mining I doubt someone will mine it! Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: CoinHoarder on March 13, 2014, 01:30:40 AM With no block reward there is no incentive to protect the network. Don't be surprised if someone jumps on your chain to troll you and steal your premine.
(cue BitcoinExpress post in 4... 3.. 2... 1...) (I say that lovingly BCX, I find your banter amusing myself) ;D And who will mine it? Since no one will get the coins by mining I doubt someone will mine it! Great minds think alike? Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 01:31:24 AM And who will mine it? Since no one will get the coins by mining I doubt someone will mine it! Well I guess as others have mentioned, I could mine the first (and only) block for the entire lot of coins. However I dont even know where to begin acquiring a custom wallet (for myself and to distribute), name, and potential logo. Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 01:33:48 AM With no block reward there is no incentive to protect the network. Don't be surprised if someone jumps on your chain to troll you and steal your premine. (cue BitcoinExpress post in 4... 3.. 2... 1...) (I say that lovingly BCX, I find your banter amusing myself) ;D And who will mine it? Since no one will get the coins by mining I doubt someone will mine it! Great minds think alike? Not sure how big a difference it makes, but none of the 10 - 15 people (at max) using the wallet / system, have any knowledge on mining or crypto currency in general, hence, i am confident no one of this private crowd can do much with it. Plus, since it would be a small private group, and myself only giving out the coins, i would know if someone obviously acquired an amount I didn't personally give out. Though I would like members of the group to be able to trade with each other, Im confident no one can do any serious damage within the group Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: CoinHoarder on March 13, 2014, 01:48:09 AM Good point, I didn't think about that. I guess if you don't publicly release the coin it isn't likely that you would be attacked. I don't think it's likely anyways because it sounds like your coin is just for fun, but predicting what people may or may not do is futile. :)
Have fun! Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: MrThePlague on March 13, 2014, 02:12:21 AM Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: pineapples on March 13, 2014, 05:00:56 AM someone on forum makes coins too.
https://bitcointalk.org/index.php?topic=208578.0 Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: NorrisK on March 13, 2014, 08:50:36 AM Just setup one raspberry pi to keep the transfers going?
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: cosmofly on March 13, 2014, 08:54:07 AM Good call! Anyone have an idea where I can find a tutorial to accomplish this? Being a super noob in this area... Or any idea what a fair cost would be to set this up? http://coingen.bluematt.me/ you can choose how many pre-mine which fields allow you to choose how many premine ? i posted before i want ot make a coin for my club and want to 100% premine but no one answered me. plz help Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: davidpbrown on March 13, 2014, 10:57:40 AM Perhaps looks at what Bitcoin2.0 protocols are looking to offer.. MasterCoin; CounteryParty; NXT; BitShares all potentially might shortly offer easy options to issue your own coins.
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: softron on March 13, 2014, 01:19:51 PM I can clone that for you, pm me pls.
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: HorseCoin on March 14, 2014, 03:46:23 AM what we need is de-centralized currency. bitcoin is perfect for that
Title: Re: How can I create an altcoin that can't be mined, only get them by me giving Post by: BlackMarket on March 15, 2014, 05:00:40 AM maybe i want create one too ;D
|