Bitcoin Forum

BALLOONUM.IO
Website: https://balloonum.io
Block explorer: https://explorer.balloonum.io
Pool: https://pool.balloonum.io
Discord: https://discord.gg/eArBrVm

Balloonum is my personal project to create a cryptocurrency for the web, using modern and consolidated languages such as Python and PHP, and database managers such as MySQL or MongoDB.

The security of the blockchain is in charge of the Balloon algorithm, and the difficulty is recalculated after each new block.

At the moment, the project is in its alpha phase, mounted over a centralized network structure and being possible to mine (only with CPU) through the official wallet. This will change in the future, when we reach version 1.0 of the software, when all the code will be released under the GPL license, giving way to decentralization.

Version 1.0 will also include features such as PoS rewards, MasterNodes, Wallet Aliases, Smart Contracts written in PHP (and/or Python), Integrated Mining Pool, Voting system based on wallet balances, the Payment Gateway to include on your website and more features.

[COIN SPECIFICATIONS]
Coin name: Balloonum
Ticker: BALL
Max Supply: 29,080,840 BALL + tail emission of 262,000 BALL per year
Decimal places: 4
Premined: No premine (0%)
Fees: 0.01% of the transaction amount (min: 0.0001 BALL, max: 0.1 BALL)
Difficulty: Recalculated on each new block, and based on last 16 blocks timestamps.
Initial block reward: 15 BALL
Mining algo: Balloon (space_cost = 128, time_cost = 4, mixing = 4, mixing_algo = SHA256)
Blocktime: 120 seconds
Coin base / Fork: Balloonum is not a fork of another coin. Is a new coin written from scratch.
Coin emission: https://balloonum.io/specs.php

[ALPHA STATUS]
On alpha status, balloonum is working on centralized mode. One node is up at this moment. In next weeks up to 16 nodes will be configured, and as I said, when we reach version 1.0, source code will be published on github.

[SOLO MINING]
Download CLI wallet here https://balloonum.io/wallet.php (Linux & Windows).
Create new wallet and type "startmining 4" for start mining (for 4 cores, you can change this number according your cpu configuration).
VIDEO HOW TO: https://www.youtube.com/watch?v=czBi61AWMSs

[POOL MINING]
Download CLI wallet here https://balloonum.io/wallet.php (Linux & Windows).
HOW TO: https://pool.balloonum.io/howto.php

[ROADMAP]
https://balloonum.io/roadmap.php

[SOCIAL NETWORKS]
Instagram: https://www.instagram.com/balloonum.io
Youtube: https://www.youtube.com/channel/UCXSAzF2X8sh_p9VBNlWYbpg
Twitter: Coming soon...
Discord: Comming soon...
Telegram: Comming soon...

Will check it out now

You can check how miners are connected checking the active nodes (one by the moment): https://node1.balloonum.io/

Cant check wallet address on block explorer

Hi!

Thanks for your support! We are working on it. You can see only balances at this moment. Tomorrow we will add the list of transactions.

Check it here: https://explorer.balloonum.io/?addr=wBALL6YfhDyiYPohvA992wAP3iWpiQrvKmnuZ5p9X3UVRE3xduJUHDbjPnShDrEkbXXcggmwDguxVtFuVKCyX5F4R58QeGqo9mWKedsbd6gjZGDJfqTRMNTafH5QX4vN7kGc8j92YwUJxWRkvbz5KaERDEDTQZ5MtYTpLTbpDkgmqu9KJT5D

Best regards!

when will there be a discord or telegram?

Connection error. Retry in 10 seconds...
Connection error. Retry in 10 seconds...
[Mining] Thread 12: 22 h/s
[Mining] Thread 4: 19 h/s
[Mining] Thread 6: 24 h/s
[Mining] Thread 8: 19 h/s
[Mining] Thread 11: 23 h/s
[Mining] Thread 7: 22 h/s
[Mining] Thread 9: 25 h/s
Connection error. Retry in 10 seconds...C
onnection error. Retry in 10 seconds...
Connection error. Retry in 10 seconds...
[[Mining] Thread 0: 21 h/sMining] Thread 2: 22 h/s

[Mining] Thread 1: 21 h/s
Connection error. Retry in 10 seconds...
Connection error. Retry in 10 seconds..

We are not opened it yet because we are checking all is working fine and we have no time for check the channels.

Tomorrow we will open Discord channel and Telegram, and next week the Twitter account.

Thanks for your support! :)

can you send me your wallet address for check it?
do you have opened 443 port (ssl)?

How will I know when I've found and solved blocks?

When you found a block, you can get a message like this:
Best regards!

My PC has 2 cores and 4 logical processors. How many threads can I assign for mining? Or what's the highest variable I can use for the startmining command apart from 4? Thanks for your timely response

Hi,

You wil get the best performance with 4 threads:


Best regards!

not possible to mine with ubuntu??

Unfortunately 3 hours of mining and zero blocks :'(
what about support Intel® AVX2 and other technologies?

Sorry, linux binaries will be uploaded in a couple of hours!

Hi!
Bad luck and high diff for start. We expected 8-10k but it was quickly duplicated...

Yes, we will improve the miner. Our major doubt is if support or not graphic cards. It will decided by the community using wallet voting system when be implemented.

Best regards!

Give me feedback, please!

Best regards!

worked! Can you mine with same wallet on different pc's? Hard to find blocks  :-\

mining requires strong computers and fast networks. I agree what is written from your title. CPU mining only. I am interested in your company. but I'm confused and I don't see BALL tokens with details. What is the price per token? Do I have to make a wallet from your website?

Yes, but you need a copy of your wallet in the same directory of the balloonum app on any mining computer. You can open the same wallet of different PC's at same time, is not a problem. Just manage carefuly the wallet file.

This is because you need the wallet for sign the blocks you find.

Good luck!
Best regards!

check the youtube vid

Start mining

Project is in alpha phase and is not listed at this moment. On Q4 2019 we will pay the fees for be listed on a exchange.

Two "small" exchanges (crex24.com or tradeogre.com) can be good options, but we'll see...

tradeogre would be my choice. Looking forward to monitor this project! Get that discord up :)

I would say crex24 is a better choice. I'm biased because I haven't used tradeogre and I'm a regular user of crex. However, wherever it will be listed, I hope the team can achieve a good decent volume and be sustained for long time. Good luck!

It's a better choice for you then.. ;)

Either way I think this is a promising project, nice to see some one actually make something instead of the good old copypaste scams. Also i finally found a block. The diff is a bit high for my poor old i5. Wounder what a new ryzen would have done for me! Any one got the 3rd gen ryzen and can share some hashingpower?

Ok well where to start, first of all this PoW algo has been available over GPU (nvidia & amd) for at least a year, so this wont be a CPU coin for long.  Amd here: https://github.com/Belgarion/clballoon and nvidia here: https://github.com/Belgarion/cuballoon.

Also i've download the wallet and mined a little and investigate into how it worked.  So first of all this aint a local wallet, its a web wallet.  All it does is polling every 5 seconds the web server to see if it has something new to mine (https://node1.balloonum.io/server.php?q=getminingtemplate.   Using json as the communication format like this response:

{"id":"test","jsonrpc":"1.0","result":{"height":222,"prevhash":"2ySnAjx6DgbfR8Xn8XQFW9FnoiuG1A33FDmgRYNq4zMG4k5NMxtWkrPv4p34urk2ajbFPVB7GnRUvX6 SeVZ7wth9","difficulty":42812734}}

If you type "getbalance" it request balance on server (passing your public address).  

Up to there its meh but its ok, nothing we haven't seen before.

Now where it gets more fun is when you find a block, its submitting the nonce, public key and......... the private key!  

Here a capture of it (You can steal my key if you want for a free 15 BALL reward!)

https://i.imgur.com/OTUbYI4.jpg

I personnaly wont mine anything where i send my private key to a web server, even if its in HTTPS.  This mean they have all private keys at their end....  And since theres no P2P at all, it might not even be a blockchain and/or a network.  It could only be a web server database, if so then how is that immutable, what are we even mining with pow?

Im sorry, im staying as far as i can from this, do your homework!  This balloon has busted!

Type in your password and the window closes automatically. What's missing?

Sorry. It was used for development purposes and forget to remove it.

privkey is no needed for submit a block. I removed it and uploaded new wallet versions.

Best regards

what is the level of difficulty now? can we do mining tests on ordinary cpu windows? I see this is very different from the others and might soon get a lot of response from the crypto miner

Do we need to update our wallet versions?
If so, please give a small instruction for ubuntu.
Thx!

too hard to mine already, seeya

will give it a try , i am mining this balloonum on 4 different computer's now , and the first hour already mined no block , hope to get lucky later to find just 1 block

Hi,

For update your wallet on linux, just remove (or rename it) old binary and replace it with new version:


Best regards

Can I use the video card to mine?

If you are asking the question then the answer is no, not for now.   But for those who are'nt asking these questions can.

how about making a discord?

https://discord.gg/eArBrVm

added list of tx. it will be improved on next days...

https://explorer.balloonum.io/?addr=wBALL6YfhDyiYPohvA992wAP3iWpiQrvKmnuZ5p9X3UVRE3xduJUHDbjPnShDrEkbXXcggmwDguxVtFuVKCyX5F4R58QeGqo9mWKedsbd6gjZGDJfqTRMNTafH5QX4vN7kGc8j92YwUJxWRkvbz5KaERDEDTQZ5MtYTpLTbpDkgmqu9KJT5D

Hello! Interesting coin, but I do not see github. Do you have github?

Is BALLOONUM decententralized?Where we can have a look of network?Why Connection error again and again?

IT's not decentralized, theres a single node and they said they would launch 16 mores, but it will still be centralized.  Theres no P2P here...

As far as I understand it the implementations will come at a later date. Perhaps the dev could explain?

I have been mining yesterday but after solving a number of blocks I have not received a reward yet I often get the message "connection error retry 10 seconds". Maybe it should be repaired immediately so that there are no more problems when mining.

So sorry guys, lot of work here.
I promise I will try to answer all your questions today, when as soon as I have 15-30 minutes free.

For now, I uploaded a new revision of wallet. You can download it here:

https://balloonum.io/wallet.php (Wallet V3)

This revision fixes the "Connection errors" and gets around a 5-10%+ hashrate.

Regards!

I don’t know if it really worth to go public if development is on so early stage. There are all kind of problems typical to young coins. Of course it facilitates development, but people may lose confidence in an overall success.

This looks to be more stable, thanks!

since the new wallet update I havent manage to find a block which is odd

What about mining pool? Or Solo mining only?

no pools for now. If you check out their website u can see what's the plan on roadmap. I've mined this coin since day one and I can tell you that mining this coin now is extremely hard.

I find it interesting and commendable that someone's starting their own blockchain project, going their own way in a sea of small scale forks and large scale, super business-y looking endeavours.
What makes me cautious is the bit about "open source later" for a blockchain project. The open source bit also doesn't show up on the roadmap, it's just mentioned here, in this thread, a bit like an afterthought. I'm giving you credit for providing a Linux client nonetheless, however. For closed source projects that's not always a given, unfortunately.

The closed source nature of the client also makes me extra cautious security wise, despite virustotal.

Too hard to mine...maybe you should open a pool.

Wallet updated to version 0.0.4:

- Reduced bandwidth usage while mining.
- Increased hashrate.
- Fixed minor bugs.
- Added support for multinode.

Added new node to the network:

https://node2.balloonum.io

Join discord for more info: https://discord.gg/eArBrVm

Best regards!

It is really strange that mine one day for 0 reward.I'm used  32 threads of E5-2650 total 10 computers.Maybe BALLOONUM is not proof of work cpu mining,only proof of mining address whith a centralized network. ???

So check your speed and check the network speed, maybe just some asics active?

Pool tests: https://pool.balloonum.io/howto.php

In few days I will upload the pool code to github.

Wallet version 0.0.5:

- Fixed some minor bugs.
- Fixed rejected shares on poolmining.
- Improvements on miner (2-5%+ hashrate).

https://balloonum.io/wallet.php

The difficulty is bit high already. Where are you planning to list this coin? Any long-term plans for this project? How are you going to sustain the life of this coin in the long run?

Hello! How is work payout on this official pool? I try to mine all day on this pool but no payouts. When I must receive any coins from pool?

Where is the link to github???

I just questioned that in their discord as I suspected the devs of using GPU miners, hence they won't release the source code...

Next minute I'm banned from their discord.

Go figure.

Try mine it, you won't get a coin because 5 or so addresses have all the hash. GPU miners

I know, classic scam, my CPU ive tested was doing like 55-60h/s per core (3.5ghz), the nethash is about 375k right now, i doubt theres near a thousand CPU over this :) A GPU does about 1200hs.  So yeah some people probably have GPU miners over this.

If you use Linux just do "strings baloonum" on the linux version... Wonder why they need to be able to compose and send mails...

email(
email._parseaddr(
email.base64mime(
email.charset(
email.encoders(
email.errors(
email.feedparser(
email.generator(
email.header(
email.iterators(
email.message(
email.mime(
email.parser(
email.quoprimime(
email.utils(

Also some hints about the algo are hidden there...

yep, devs have GPU miners on this 100% i have 64 cores on this and cant even get 50 ball a day now haha

dodgy as fk

im stopping mining anyway, ill move to something else

Just another scam coin

Dev wants masternodes too be 100k ball each haha

Noob

No, you are not banned for your stupid questions about GPU mining.

You are banned, first of all, for call idiots to all users, and second, for creation of a new user and simulate fake purchases between your two users, in order to make others think that this is its correct price and sell your coins at high price (who is the scammer here? tell us, please!). Proofs of that:

hahahahahahaha, wookie opinion on 27 jul, after being banned of our discord because he is a really toxic person:


His opinion before be banned from our discord:


Yes, superscam coin. Especially since we have never asked for money.

And no, dev doesn't want MN for 100k. This was only a comment from my part on discord.

Just check the website, on coin specs, a reward for masternodes is not even specified, is just one of lots of ideas.

Also, he created the fake user "baghodler" on our discord, first for simulate a transaction of 5000 BALL for 1usd each (looooooool):


and after that, he promoted the hoax of he is mining with gpu with his two users (if you mining with gpu, and you are the only one, why you purchase coins at 1usd each?? or... if you think devs are mining with gpu, why you purchase 5K USD? Are you idiot? Please, do not answer...):


Take care with this guy. He is a shit of person and a supertoxic troll for any community...

I feel sorry for the communities that have him as a mod...

NOBODY is mining with GPU. What do I gain by mining with gpu and forbidding you to do it? If I did this, I would scare people. Do you think I'm idiot, or what?

And which classic scam? Mother of god, if coin is not listed, is a 0% premine coin and impossible to buy it with btc at this time. Where is the classic scam?

Sometimes I think people write the first stupidity that goes through their head. Do you even know the meaning of the word scam?

With people like you two, anyone loses the desire to develop anything...

But well... forgetting the wookie troll, who offers us such great moments...

I uploaded an alpha version of the GUI WALLET: https://balloonum.io/wallet.php

And more news are coming...  ;D

I'm mining, the difficulty is high? When will there be any exchange?

Today diff is so low compared last days. I hope for september will be on exchange... ;)

It's too difficult to mine now... 6* E5 2680V2 = 120 threads....  em, 0 blocks found for half a day !
Hope I can hit a block !

Is there any plan to develop GPu miner ?

As the difficulty is getting high, it means there are a lot of cpu miners interested on this project?
But since no exchange yet, we don't know how it will perform in the market.
I hope there will be no 'pumpndump' scenario when it hit the exchanges as there is no premine for this coin.
But who will be interested in buying this coin? Any particular application in the market?

Balloon algo? Really?

Correct, there is no premine. But the devs premine in another way by not releasing the source code as they are GPU mining until they have mined enough coins.

If you can't see this, open your eyes

Don't cry or invent so much and be happy. You have won 5000usd with this!! lol

You ask as if to be a genius was needed to implement this algorithm. Where is the problem?

Best regards

at the moment it looks interesting for me, what will be the use case for this Project ?

and do you know an estimate when the code will be public ?


greetings

Soon, I hope on next 2-3 weeks.

I expected to do it later to have a better code in case there was a fork in github or something like that. But some guys are really annoying with his GPU mining theories.

Best regards!

Dev, what about exchange listing?

Hi! We are working on it, I hope on September will be listed and source code will be released (is one condition of some exchanges).

Best regards!

of course, release the source code when you mine enough coins with your GPU's hahahahahah idiot

wBALLB9r...aacH5zbz: [Mining] Thread 1: 46 h/s
[Mining] Thread 2: 48 h/s
[Mining] Thread 3: 50 h/s
[Mining] Thread 4: 49 h/s

I just set it up and got that speed...

CLI Wallet updated to version 0.0.8: https://balloonum.io/wallet.php
Added commands for:
- Staking coins.
- Poll system.
- Some minor bugs are now fixed.

Update block explorer:
- Added poll viewer: https://balloonum.io/poll/

Regards

What about exchange?

Do you think it makes sense? Maximum you would give 10 Satoshi
Nobody buys anything. Only the damn presale, when they were banned, or make them a separate topic :(
I'm sorry. I have no complaints against you.

Why  node2.balloonum.io have different blockchain height with blockchain explorer 84068 and 93844?