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Title: [1CR] New coin on poloniex Post by: brokedummy on April 29, 2014, 05:26:45 PM There is a new coin to mine on poloniex. 1CR = 1Credit coin. I am not the dev. I found some info on the website: http://www.1creditcoin.org/
•1 Coin payout. 1 Coin for block 1 and every block thereafter. No half life. •Total coins: (2^63-1)/100,000,000 (# of Satoshi in a coin): 92,233,720,368 • (92 Billion - max supported by current code) •512 second (~8.5 minute) block time - reducing stale minings block percentages •to around 2% •256 new block confirms (~1.5 day confirms) - NOTE: most wallets add 20 more • (e.g. MPOS pool operators should confirm on 276 blocks) •16 block transaction confirms (~2.3 hours) •~1.5M years worth of coins •ZERO Premine, ZERO special blocks, ZERO reason to raid... Looks like it works out to about 100 new coins a day for the next million or so years. So after a year the supply will be under 40,000. After ten years it will be under 400,000 This coin was created for and is slated to be included in a new MMORPG under development. Along with CGA, YACC and ZED, 1CR will form the basis of the in game crypto economy. Buy or mine today! https://mining.theminingpools.com/ Title: Re: [1CR] New coin on poloniex Post by: Amph on April 29, 2014, 05:34:40 PM diff is too high, also scrypt asic rape on the way
besides the endless supply what this coin offer? Title: Re: [1CR] New coin on poloniex Post by: brokedummy on April 29, 2014, 05:41:13 PM The diff algo is unique. It will seem to stay stuck on high difficulty blocks for hours then it will quickly solve several blocks before getting 'stuck' on another hard block. This helps combat multipool and miners jumping around. If you stay for the hard blocks you will get a share of the easy blocks.
Title: Re: [1CR] New coin on poloniex Post by: omahapoker on April 29, 2014, 06:17:26 PM do coins do good at poloniex whenthey have them before others?
Title: Re: [1CR] New coin on poloniex Post by: brokedummy on April 29, 2014, 07:57:34 PM Yeah, sometimes you can get in cheap, like I think VTC was selling cheap at poloniex for a while.
Title: Re: [1CR] New coin on poloniex Post by: Faura888 on April 30, 2014, 01:05:32 PM yeah but wtf is the 1cr need so many confirms ?!
so sick! Title: Re: [1CR] New coin on poloniex Post by: Emily Dickinson on April 30, 2014, 01:33:02 PM Thank you for your sharing, I will go to the website look you mention of the coin
Title: Re: [1CR] New coin on poloniex Post by: Acidyo on April 30, 2014, 01:50:09 PM diff is too high, also scrypt asic rape on the way besides the endless supply what this coin offer? Literally nothing new. Title: Re: [1CR] New coin on poloniex Post by: brokedummy on April 30, 2014, 02:49:33 PM yeah but wtf is the 1cr need so many confirms ?! so sick! 1CR is built for max coin security. Long confirm times will minimize forking opportunities. This makes 1CR an investment coin and not a transaction coin. Title: Re: [1CR] New coin on poloniex Post by: brokedummy on April 30, 2014, 02:52:07 PM diff is too high, also scrypt asic rape on the way besides the endless supply what this coin offer? Literally nothing new. The custom diff algorithm is like no other coin before it. One block could take a few hours but then you will get 10 blocks in a few seconds. This is 1CR's answer to protecting the coin from multipool raiders without introducing the KGW exploits. Title: Re: [1CR] New coin on poloniex Post by: Faura888 on May 01, 2014, 06:01:31 AM yeah but wtf is the 1cr need so many confirms ?! so sick! 1CR is built for max coin security. Long confirm times will minimize forking opportunities. This makes 1CR an investment coin and not a transaction coin. Title: Re: [1CR] New coin on poloniex Post by: sorryguys on May 01, 2014, 08:17:43 AM diff is too high, also scrypt asic rape on the way besides the endless supply what this coin offer? Literally nothing new. Yes. I want to find a different coin . Title: Re: [1CR] New coin on poloniex Post by: brokedummy on May 01, 2014, 10:01:19 PM yeah but wtf is the 1cr need so many confirms ?! so sick! 1CR is built for max coin security. Long confirm times will minimize forking opportunities. This makes 1CR an investment coin and not a transaction coin. Why do you think it will be weeks? I have my coins and its only took a couple days. The hash went way up so maybe you are right. We are on block 898 now. So just over 600 coins confirmed and in the wild. If you mined now you will start to have some coins available eventually and the total confirmed supply will be 898. Days/weeks, I'm not exactly certain. It's supposed to average out to a couple days though. Title: Re: [1CR] New coin on poloniex Post by: brokedummy on May 03, 2014, 01:08:54 AM Now on block 1005. About 100 blocks since the above post.
Title: Re: [1CR] New coin on poloniex Post by: PiOfCube on May 30, 2014, 12:30:21 AM Just helping to get the word out:
Current Wallet: version 90301, released 5/29/14 - Mandatory Upgrade!!! All users must upgrade their wallets before block 4000. All exchanges and pool operators have been notified and most are already up to date. http://www.1creditcoin.org Title: Re: [1CR] New coin on poloniex Post by: dogeberet on June 01, 2014, 02:55:19 PM yeah but wtf is the 1cr need so many confirms ?! so sick! 1CR is built for max coin security. Long confirm times will minimize forking opportunities. This makes 1CR an investment coin and not a transaction coin. This did turn out to be true - but thankfully the dev is watching. So - the new code release addressed this by shortening the confirms to around a day. Also - the spikes in the diff are mellowed out starting on block 4000, which should be a day or two. It is worth revisiting - still holding good value on Poloniex. Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 01, 2014, 03:10:58 PM Thanks all. I'm the Dev and yes, we have tweaked the coin.
The block time remains at a target of 512 seconds, but we have decreased the COINBASE_MATURITY from 256 to 156 in the current build. That will take effect immediately for you if you upgrade. Since wallets add 20 confirms to the base setting, that means new block confirms will now happen in 176 blocks instead of 276. As also mentioned above, the sine-wave like custom difficulty algo has been "dampened" to hopefully prevent the higher than expected occasional block times the coin has experienced. That change kicks in at block 4000. Because of that difficulty adjustment, any wallet that has not been upgraded prior to block 4000 will be incompatible with those that have. Until then, they should continue to run. We have received all of TWO reports of folks having minor difficulty, both of which were instantly resolved by upgrading the wallet and restarting. One guy did a cold sync just to be safe - its unknown if that was actually required. Coin block-chains are complex little beasties... so we suppose its possible, but don't have a ready explanation for why it would be required. Happy mining and thanks for your support! Cassey Title: Re: [1CR] New coin on poloniex Post by: brokedummy on June 07, 2014, 09:37:33 PM Happy Mining? ??? ??? ???
Where can you actually mine this coin? I was one of the only people that wanted to mine steady, and for some reason first digitalmint dissapeared and now theminingpools seems out of order for weeks. There are no pools anymore. If you want this coin to live, please do something. I will be dumping my 377 1CR for whatever I can get in a month if there is no progress here. Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 07, 2014, 10:08:59 PM The website (http://www.1creditcoin.org) SHOULD be listing the current pools, I'll need to go take a look.
Off the top of my head, I know that http://www.multicoinpool.org supports it as an Exploratory coin (e.g. you can assign your miner to solo on it or switch between in and other exploratory coins), and https://mining.theminingpools.com supports it - there you just mine via your deposit address I will need to check with the sysop over at the digital mint and see if he is coming back online. He is hosted out of England, and they have some new laws coming into force that he was concerned about. Pretty wild, like as a sysop he would be financially responsible if you lost money mining your coin??!?! Cassey ps. Please make sure your running the latest wallet release. At block 4000 all the old wallets are going to stop working, and the bridge I have up between the old world and new will go away. MOST have upgraded, but we are seeing something like 15% of connects still using old code. Title: Re: [1CR] New coin on poloniex Post by: brokedummy on June 07, 2014, 10:18:44 PM theminingpools.com is offline completely now and was not working for the past few weeks. I tried to mine 1CR as an exploratory coin at the multicoinpool and it didn't ever pay me anything. I will try this again, and hope that it works now. Can you confirm that it actually works?
Title: Re: [1CR] New coin on poloniex Post by: BitCoinDream on June 07, 2014, 10:26:49 PM What is the current market price of this coin against 1 BTC ?
Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 07, 2014, 10:41:16 PM Yeah its working, I get payments all the time, but remember that there is a huge confirmation time for 1CR (one of the things we changed at the 4000 block mark, but that is active now for those that have upgraded).
Feel free to try Jamies pool (the mining pool one), you should start to get payments every hour after the first blocks confirm for you. Cheers! Cassey ps. Come visit us on http://asic.usertalk.com Title: Re: [1CR] New coin on poloniex Post by: brokedummy on June 07, 2014, 11:40:46 PM Jamies pool is down, I've mentioned this twice. I am currently mining on multicoinpool as an exploratory coin. I'll give it a few days and report back.
Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 07, 2014, 11:44:45 PM Well dang. Guess I got so use to seeing that come in from him I took it for granted. Sorry.
Let me see if I can find out what the story is with his pool. Update: E-mail sent and trying to hunt him down on IRC Title: Re: [1CR] New coin on poloniex Post by: brokedummy on June 07, 2014, 11:45:26 PM What is the current market price of this coin against 1 BTC ? it was .001 but the buy wall is gone and now there is zero buy support. I think I was the only one who was mining and holding. Then theminingpools stopped paying me and froze at 109 blocks pending, and now dissappeared alltogether. Now with the pools all out of order there is only the haxor solo mining and dumping. It will be a miracle if this coin ever goes above .001 again. Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 08, 2014, 12:05:57 AM One has to laugh at the 50M buy order at 1 SAT - there less than 4000 coins in existence right now.
We are hoping the damped sine-wave algo used for difficulty combined with the somewhat lower confirmation times (now targeted at 25 hours) will improve the outlook for this coin. Although the full sine-wave algo was fun, it wasn't as practical as we had hoped - thus the adjustments. Cassey Title: Re: [1CR] New coin on poloniex Post by: Cassey on June 11, 2014, 01:30:51 AM Mandatory ugprade on 1CRedit as of 8pm CST 6/10/14...
Despite weeks of testing utilizing the -testnet world, a bug cropped up in the new fork for 1CRedit. You MUST upgrade to the current release in order to participate in any future coins. You should see version as 90400 or 9.4.0 and protocolversion of 70016 (if you do a "getinfo") Cassey Title: Re: [1CR] New coin on poloniex Post by: PiOfCube on June 13, 2014, 12:09:06 AM Just helping out again with another update from the devs:
Quote With deep humility I must request everyone upgrade again, and I sincerely apologize for this being the third time in as many days. As I had previously posted, the planned change at block 4000 underwent weeks of testing in the -testnet environment. However, even with a half-dozen people mining against the -testnet tree, we could not completely duplicate the production current block history. As such, when the block time continue to climb, we, well, honestly, we panicked. We didn't trust our own work, or our testing, and presumed we had something backwards and pushed out the previously release. The block after that (which we are currently on) proved that indeed, we had it right with the block 4000 patch after all. What we were seeing was simply the impact of historical quick blocks on the current timing. Today, we pulled in another developer (thanks Wes!) to do code reviews. We spent the time recoding the algo from being 'inserted' to 'native', changing all related variable names to meaningful ones, instead of trying to make the code adapt to the portions that were common with the Litecoin base. Although our confidence is high, we also enabled additional debugging statement. Blocks on 1CR are rare, so an extra few lines in your debug.log will hardly be noticed, but should serve to build confidence that things are working as designed. We also instituted some additional limiters - like not allowing the difficulty to adjust up or down more than 2X - something that is unlikely given a per block check. Finally, we put a "safety valve" in the code. Should block times ever go extreme, like they are now, the next block will default to a minimum difficulty, giving the community a handful of quick blocks and allowing the difficulty algo to re-engage. We hope that this will be "one-time-only" code, which will take effect at block 4008, but it will be there no matter what happens. Anyhow, new git source has been pushed and the windows wallet is updated and available in it normal spot off http://www.1creditcoin.org Again, our sincere apologies Cassey and team. |