Bitcoin Forum

Today we are happy to finally announce the launch of  Selacoin.
 
A bit of history on the name SelaCoin  - sela was one of the first coins in history used for trading - and was originally  made purely out of nickel.
The ancient Sela was known across the globe as the only means to pay for commodities and services, and was more secure then other coins due to its exact size and specific weight - making it near impossible to forge.
 The Sela also proved itself immune to nature or time, as it didnt rust or react no weather nor age!!
No matter how hot or wet the enviroment was, Sela could take it - Making it the perfect intercontinental coin early explorers took with them.
Sela Coins are still being found in perfect condition to this day in archaeological sites across the world, proving just how the ancient Sela was a pioneer of its time.
The Sela Coin was one of the main starting points for modern cash systems, and basic trade, that entually changed the world !


How is SelaCoin different then other coins?

1. the fee for any trasaction is constant - it will not go up like some coins do when there are more users -no it is the lowest possible and will remain so .

2. the trsaction time is super fast! apaert from fast trasactions the coin uses latest imporvments to support enviromently friendly mining /staking - we offer one of the best / highest staking amounts compared to others.

3. the SelaCoin is  basicaly bitcoin on steroids - faster trasactions, clean and eay to use ui, very low resource consuption on mining.

Fair Mining!!!
anyone can mine SelaCoins without having to use super computers and yet hard enough to allow only the ones who really want to keep using selacoins - to earn a steady income with pos (proof of stake)
This project will outlive most other cryptocurencies due to the nature and way it was built.
Unlike other coins which claim to Be opensource and community driven, yet charge huge amounts to build on top of them or to use like etherum and bitcoin - we offer anyone intrested to host his own node, block explorer and other solutions complete support and very low fees that will Never Ever go up.
we host a large number of tutorials on how to build your own crypto currency using SelaCoin on our website - https://sela-coin.com/#guides



These are the currrent specs of the SelaCoin cryptocurrency :

Reward type   :: Proof-of-Work/Proof-of-Stake
Coin name   SelaCoin
Coin abbreviation : SELA
Address letter   : S
Address letter testnet   : T
RPC port :: 25521
P2P port :: 25522
Block reward in POW :: 250 coins
Block reward in POS ::150 coins
Initital Coin supply   5000000000 SelaCoins
Minimum Stake Time : 2 hours
The selacoin has no marketcap / maxsupply on the pos stage which will go on forever, while the pow stage is capped and ends after block 100,000



Website URL   https://sela-coin.com
Github URL   https://github.com/wattson-coder/SelaCoin.git
Twitter : https://twitter.com/selacoin1
Discord : https://discord.gg/CtQKUKFjuT
Reddit : https://www.reddit.com/user/SelaCoin/comments/jro9lt/the_official_selacoin_reddit_subreddit/
Exchanges:  
Bitsails : https://www.bitsails.com/market?MarketName=BTC-SELA
 
{More to come soon hofelly}
[if any exchange owner wants to add selacoin - please contact us via the discord channel so we can add his exchange here and on the selacoin website)
Block Explorers # :

https://selacoin.org
https://hashminingpool.com/explorer/SELA
https://redpool.pl/site/block?id=1429


the coin was premined at less then 1% to allow payment to node upkeepers as well as payment for future bounties.

the current project is maintained by huge team of developers and can be found on our github -
Our mission is simple -  Build A world of cryptocurrencies  will be using SelaCoins.


the current rewards and configurations for mining are as follows :

Pow Mining : 250 SelaCoins Per block
Pow : 150 SelaCoins per year /SelaCoin

To begin mining on windows:
1. download the SelaCoin Wallet to your computer and install it
2. open the selacoin.conf file and paste in the following :


rpcuser=rpc_selacoin
rpcpassword=11a30f911gggytytyyted1cc7252e6c7bb503
rpcallowip=127.0.0.1
rpcport=25521
listen=1
server=1


3. Download cpuminer from https://github.com/pooler/cpuminer/releases/tag/v2.5.0 and extract the zip file.

Create a miner.bat file named miner.bat and paste the following text into miner.bat.

minerd --url=127.0.0.1:25521 --userpass=rpc_selacoin:11a30f9ed1cc7252e6c7bb503
Save the file inside the extracted cpuminer folder.

Open your wallet and keep it open, then execute miner.bat to start mining your first Sela block.


Social bounties and others (limited time only :
150.00000 selacoins to anyone who can help us by inserting the coin to an exchange
140.00000 selacoin to anyone who can help us by adding the coin to known coin trackers like coinmarketcap and similar codebases
40.000000 selacoins to anyone who is willing to built an android wallet or a mobile ios wallet and share it with the community /us - isnt limited -meaning the more the better
10.000000 selacoins for anyone who likes our fb page /twittter page
10.000000 selacoins to anyone who shares our website on social media
200.000000 selacoins per month to anyone who is willing to host a node with our code
to recieve the bounty please contact us for more details on these bounties and other ones via our email : bounty@sela-coin.com
--note all bounties require screenshots sent to the email as proof and a working SelaCoin wallet installed--

this is built to be a long term coin that will revolutionise the way we do buisness, pay for commodoties and services  - and hopefully will bring stabilty back to the crypto markets using the improved security, staking algorithm and scalabilty.

wallets are available for linux, windows and macosx - from the main website - https://sela-coin.com
or from here -
windows wallet : https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin-qt-windows.zip

linux wallets : https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin-qt-linux.tar.gz
linux daemon (for those who want to host their own daemons) - https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin-daemon-linux.tar.gz
Further info on how to compile from source ot host the daemons can be found on - https://sela-coin.com/#guides
mobile wallets are still being developed - we havent yet decided which codebase to use but ill update when they are built
 Anyone who wishes to join and help out or just join the SelaCoin chats and talk to other developers and members is welcomed to call out via one of these channels :

discord  :         https://discord.gg/CtQKUKFjuT
Website URL :  https://sela-coin.com
Github URL   :  https://github.com/wattson-coder/SelaCoin.git
Twitter        :   https://twitter.com/selacoin1
Facebook     :   https://www.facebook.com/selacoind
Reddit        :   https://www.reddit.com/user/SelaCoin/comments/jro9lt/the_official_selacoin_reddit_subreddit/


Exchanges: bitsails : https://www.bitsails.com/market?MarketName=BTC-SELA

more to follow.. :)

Mining pools: (pools were added by selacoin members)
https://miningpoolstats.stream/selacoin
https://redpool.pl/
we will be working hard to build the relevant additional resources and will post the SelaCoin to several exchanges as well as add more services as the community grows larger.


For anyone who wants help out with the project costs - any help will be highly appriciated and rewarded
Yuo can help by donating in the following ways:
Ether address for backers and support : 0xF6B79E3C34F0Fa42A1F52fc57f811765687a9c45
SelaCoin address for backers and support :SwsgJACtNVYhnvx3yVFMbbiivKTMJv8kz4
Thanks for the support - @everyone
i will try to post more updates to come :)
Also Anyone who donates to the further developemnt of the project will have to option to have his name as an official backer in backers and partners page on the selacoin website

UPDATE : MCREX and rede123 from discord have added the selacoin to hosted public pools - you can find it here for those who dont want to solo mine

https://miningpoolstats.stream/selacoin
https://redpool.pl/

Hi,

The repo is empty in your Github

https://github.com/deltatoken/SelaCoincandidate

Hey thanks tried that one already but it's still on LTC (which Selacoin was forked from) with litecoin nodes etc, even ticker LTC still on qt wallet etc..

Tried the one called "selac" too https://github.com/deltatoken/selac as well but still not up to date, this one is showing the correct ticker though but seeds aren't correct neither genesis block

well there were several project in the begining but currently the current client and node are not litecoin based - as they are Scrypt
with nodes and several improvments to the original code of darkcoin

the current wallets, infos and more can be found on  on https://sela-coin.com, or in this page in the upper section
the ONLY git repository that is relevant to this coin is on https://github.com/wattson-coder/SelaCoin.git

How are you going to attack your mission of bringing back the stability in crypto business? That is a vague statement though. Normally, when I encounter such goal like that, they don't actually mean it. Just to say something to get some attraction from the community.

There is a problem with your project, you need to create a group to communicate

Is the main chain restarted?

Not that i know of why  :o ?

Yes the main chain is started - you can download the coinwallet and start mining
get it from https://sela-coin.com

Ah i see what you meant, It did not restarted but ye the dev sent wrong link for the repo on github again, the real one is at:
https://github.com/deltatoken/sela-coin

you are right - i just  updated the full spec and mission - the 3 main points in which our coin is better then all competitors are :
1. can process alot more trasactions then other coins - around 55 thousand trasaction per minute!!
2. the difficulty has be carefully adjusted to allow anyone to earn SelaCoins via mining and staking - unlike ohter coins that are not profitable to mine, or are very hard on low powered computers!!
3. we will add shops which allow usage of SelaCoins and service providers - we already have them just need to build the website for it.
4. SelaCoins Are truely secure and imppossible to trace - anyone with a wallet can add as many addresses which are untraceble - unlike several oher crypto currencies.
5. SelaCoins are very energy efficient - as they support staking with no minimum, and as such anyone with selacoins can earn more just by keeping their wallet open.
5. there are plenty of other benefits which i will add to the main website at - https://sela-coin.com

You should create a discord channel, telegram to give visibility

I will update the discord channel and the telegram pool very soon - it is just takng a bit longer due to some  descisions we are making  regardng wether to host the block explorer in a subdomain or in Another domain alltogether and which doman to use for that  - Iill try to constantly update this thread and answer any questions anyone might have.
I want to thank you all for the support and intreset in our crypto currency - i willl also try to update the bounty page very soon so that we can move forward with this awsome project

cannot download miner for windows and no sync any addnodes ?

but also does not work a damn.  ;D

restarted again ?! what will happen to the coins on the x11 algorithm?

the miner works fine  and is available for download from here - http://download.sela-coin.com/tools/windows-miner.zip
the latest wallet is available from here : https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin-qt-windows.zip
if you need the latest node list to put in %appdata% - just download the latest selacoin.conf file from the same downloads page where all the wallets and other things are - https://github.com/wattson-coder/SelaCoin/blob/main/builds/
or get only the selacoin.conf file from this link https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin.conf
be sure to use the latest wallet version  and you should be good - current mining take around 10 to 200 seconds to find a block - and staking is available after several hours  - i did it this way to ensure everyone gets a fair chance to mine before staking bgins - also i decided to postpone masternodes as not alot of people realize how to seup so instead switched the wallet to support staking - at 150 SelaCoins POS reward

the miner works fine  and is available for download from here - https://github.com/pooler/cpuminer/releases/tag/v2.5.0
the latest wallet is available from here : https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin-qt-windows.zip
if you need the latest node list to put in %appdata% - just download the latest selacoin.conf file from the same downloads page where all the wallets and other things are - https://sela-coin.com/downloads/
or get only the selacoin.conf file from this link https://github.com/wattson-coder/SelaCoin/blob/main/builds/selacoin.conf

 The selacoin explorer is live on http://162.243.161.203/

:)

the latest wallet daemons are available to download via  our website - https://sela-coin.com/downloads
i had to add staking as not alot of people understood how to setup a ,masternode for mining - currently mining soly is highly profitable and very soon the coin will be added to several large exchnges - staking is available after 240 hours to encourage mining blocks  first, staking is at 200 SelaCoins Reward While the Mining Is at 140 Selacoins reward - when we add to axchnges initial price will be at 1 usd per coin or 0.0000872365 btc

yes it is you can view the block explorer here - The selacoin explorer is live on http://157.230.208.49:3001/

:)

coin working fine)

well for starters the coin maturity is adjusted to allow faster transactions, the entire blockchain has been modified to allow minimim latency on rpc calls to nodes and obviosly several additional improvemts were added just for that goal - the main reason crypto is a bit behind fiat is the speed of transactions and verifications - our coin allows up to 40 million trasactions per day which is by all means the highest so far from all other crypto currencies

ive updated the guide on the main site where all nodes are listed under Q&A - is woking fine :)

why doesnt work? works fine - already at block 1145 - more then 10 million selacoins left to mine

Yes - the main nodes are as such :
addnode=104.248.163.31
addnode=134.209.181.229
addnode=64.227.32.232
addnode=165.232.47.217


to begin mining and using SelaCoin Wallet  add a selacoin.conf file to the C:\Users\Username\AppData\Roaming\SelaCoin
and paste in the following :


rpcuser=rpc_selacoin
rpcpassword=11a30f911ddsdytytyyted1cc7252e6c7bb503
rpcallowip=127.0.0.1
rpcport=25521
listen=1
server=1
staking=1
addnode=104.248.163.31
addnode=134.209.181.229
addnode=64.227.32.232
addnode=165.232.47.217
 then go to https://github.com/pooler/cpuminer/releases/tag/v2.5.0 to download the miner,
After extracting the miner create a miner.bat file
and paste in it the following : minerd --url=http://127.0.0.1:24067 --userpass=rpc_selacoin:11a30f911ddsdytytyyted1cc7252e6c7bb503
to begin mining keep your wallet open and double click the miner.bat file to begin mining.
Note you will see a message saying that it is ouf date - the message is not a connection error - and will go away as soon as you mine your first block!

SelaCoin pool is ready)Connect
-a scrypt -o stratum+tcp://45.156.21.109:3433 -u YourWallet -p c=SELA
 min diff=128000 payment every hour,minimum 10 coin)))

exchange ????

soon))maybe)))))))))))

Ha-ha! And where is your magic exchange?

The SelaCoin has been added to https://miningpoolstats.stream/selacoin
By courtesy of mcrex on discord who offered to add the selacoin to a pool :)
The first bounty awarded for building a service :)

There are a few more bounties left -
1. for anyone who build mobile wallet for the selacoin
2.for anyone who adds the selacoin to an exchange
3.for anyone who builds a webwallet with the selacoin code
4. for any other service involving selacoins contact me via discord channel or email -thank you all

It doesn't work that way. In order for a coin to be added to a normal exchange, you need to pay BTC. You can't do it SelaCoin, they don't cost anything yet.

The link windows wallet does not work

How long need to mature coins for staking?

coin work redpool

https://redpool.pl

system PROP
system SOLO

Must be dead...

All links to explorers don't work. (Last updated in November)
So many mistakes on the website that a grade 5 can locate.
No chatter on discord.


And how is that working for ya?

As for this 'less than 1% pre-mined' nonsense, I think your math is way out to lunch, or you mined it solo before it was released.
2 wallets with 1,000,000,000+ in them and 1 wallet with 250,000,000+ in it... That does not happen with PoW mining at 250/block. For 1B you'd need to be past block 4M ! This is not.
If total supply is only 5B and 2 wallets have 2B, that is 40% pre-mine.

Please explain why anyone would care for a coin like this with such a crazy pre-mine of a PoW coin?