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THIS THREAD IS THE OLD PRE-ANNOUNCEMENT. PLEASE SEE ACTUAL ANNOUNCEMENT THREAD:

[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine (https://bitcointalk.org/index.php?topic=713538)

Like the name.

i will watch, the OP is hero member so  some interest :)

Watching. Nice to see a real member use their account!

Lol I never thought having a hero status would pay off. But yeah I've been around since the early days and we have no intention of making any type of crappy clone or scam coin. There will be no pre-mine, no IPO's, and every effort to prevent an instamine. Even though a fairly large sum of money was spent on development of this coin we still want it to be as fair as possible and we don't want to damage our credibility, so we're just going to mine it with the same rules as everyone else.

m7 pow? more info about this

Nice!  Thanks for eliminating transaction malleability.

Taken from the wiki (http://cryptonite.info/wiki/):

Miner available at launch?

Beautiful ！

oh it's like an x7

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?

Will it have GUI?

mini blockchain sounds good , looking forward to this thread.

Not only does it have GUI, but you can try it today on the testing thread https://bitcointalk.org/index.php?topic=643758.0

Yeah I recently saw that. God damn newb with 1 post cloning bytecoin. Even using the same currency code as us, even though we've been publicly testing for many weeks now and we claimed the name and currency code way before that guy.

Seems that this cryptonite more legitimate ;)

Great.  Nice to see something innovative (that isn't complete nonsense like all these pretend anon coins).

I don't think there will be any GPU miner available at launch, since we're using a new PoW algorithm it's a bit tricky, but you never know.

oh man. is there a possibility that there is a gpu out there for this?

When exactly is the launch time?

Build issues.

Your binary package is missing QtCore4.dll :(

Read the first paragraph of the opening post. 28th of July at 1:00 AM UTC.

Read the thread, you need to download the dll.zip package.

sound nice,
more detail need.
thanks.

watching.

thanks.  hope this extra step is just for test builds.

How  mine, more infomation?

You can't mine it yet, this is only a pre-announcement. In another week we will release.

Why so many coins?

Is 2^64-1 essentially infinity?

Any other more digestible coin supply figures for say, the first year?

There are 2^64-1 units because that's the natural upper limit of a 64 bit integer, we're not arbitrarily picking some random value and saying "this sounds good". Plus more granularity is never a bad thing. The block reward is designed to halve every ten years (it changes every block, it doesn't suddenly halve), so it will take quite a long time before most of the coins get mined.

EDIT: keep in mind there are only 184.4 billion coins, each containing 100 million units (making each coin divisible by 8 decimal places).

It's an exponential decay function that is roughly

distributed coins = (2^64 - ((1 - 24310 * 10^8 / (2^64))^(1440*365.25*years) * 2^64)) / 10^8

so 12.35 billion in the first year.

looks good ,watch and wait.

when does it launch ?

M7 algorithm, no mining can be used to calculate the force that way?

same coin??? https://bitcointalk.org/index.php?topic=700039.0 (https://bitcointalk.org/index.php?topic=700039.0)

Nope.

Not sure what you mean.

No, read the first page of the thread.

This is definitely pretty cool. Interesting ideas backed by a hero member is always a good start.
I'm not sure I like the total coin supply though, seems like a lot to me. There are very few successful coins out there that count in billions. Doge is the only notable exception.
Anyway I'll be watching this thread  :)
Good luck!

Whether you have one million coins or one trillion coins it doesn't really make a difference, what really matters is how fast the coins are distributed. With Cryptonite the block reward will gradually halve over the period of 10 years, and the initial block reward is such that it will also take 10 years before half of all XCN has been mined. So when the block reward is 50% of what it started as, that means 50% of all XCN has been mined.

watching  ;D

i was silently following your other thread.

i like your concept but also think that a coin supply of around 20 million is much better than this almost undefineable huge number - the reasons for this are practical.

What exactly is practical about 1 BTC being worth more than $600? Instead of sending very small amounts we'll be sending very large amounts to each other, why is one better than the other? And it's not "undefineably huge", it's 184.4 billion coins.

Coin supply: 2^64-1 units (184.4 billion coins)

its too much

I think 1billion is enough

That's the problem, what you "think" sounds like the right amount is only an arbitrary guess. We're not just picking some random number, we're using the natural upper limit of a 64 bit integer.

184 billions is much better than 21 million.
And it is just ~25 coins for each person on the planet.

from a normal non-autistic person you need some point of reference to define the value of one unit - maybe some big currency like dollar or euro or what a cup of coffee costs etc. whereas I also think that 600$ per coin is also far from optima, it is bitcoins biggest unit of account, and it is no problem to use a smaller unit like satoshi or bits or whatever. when you start xcn the biggest unit of account will be 1/184400000000 - even if this project is uber successful it will take ages until one unit is accountable for a normal person and to find some reference point.

the rate of distribution is also independent of the unit of account - so I do not see why you need this huge number. it will probably not be a short time killer for the coin but it will definetely hinder wide adoption

I understand what you are saying, but it seems billion count coins don't fair very well these days.

No?

There's no reason you can't do the opposite thing and use larger units to denominate values.

Maybe that's just because there have been no innovative coins which use billions of coins? I don't think having billions of coins really has anything to do with why a coin will fail.

bytecoin has - look I own 1.8 million bytecoin - this is worth somewhat 40$ or 0.08 btc - imagine I buy a coffee or a pizza with this or take the opposite I would try to buy a house with bytecoin - this is really really horrible even for a math oriented person to calculate.

I do not think we should spam this wonderful project with this, from a technical perspective, minor problem but you should really consider this.

The only practical difference is where you put the decimal point. There's actually 18 quintillion "units" in a 2^64 unit coin. Bitcoin has 2 trillion units only because of problems representing larger numbers using floating point values.

I don't think anyone is arguing against the increased divisibility and precision available in 64-bit coins. So the only remaining argument is that it is somehow different if i send you

2.865 coins vs
28.65 vs
286.5

Like whats the big deal? Much the same way as BTC has had to adopt alternate units like mBTC and uBTC, we are considering adding KXCN and MXCN to the GUI client so that people are free to put the decimal point wherever they please.

Fair enough, im intrigued and will participate. Good luck!

Looks good, good luck!

Here goes my checklist:
Non-newbie member - Check
OP which talks about features and not only block/hashing algo - Check
Fair Launch - Yet to see
No IPO - Check

Btw, there is one thing I am wondering - multisig - what kind of size are we talking about when implementing something with n > 3, ie say 5 key multisig. Will it work well with the chain?

Its verry interesting to me , I would like to know how could you mine this algo with cpu. Im following ...  :)

When it starts and how could we mine this witn Nvidia Gpus and also with Amd Gpus

Thx in advance

How to mine  ??? ??? ???

As mentioned previously in the thread, a GPU miner will probably not be available upon launch, but there will be one eventually. It's better if the coin remains CPU only for a period of time anyway because it makes it fairer.

The massive coin supply is a problem for one reason; It's difficult to trade. At the lowest possible price (1 satoshi) the coin's cap would be 1840btc. Any increase from there would give all owners a 100% gain - not stable growth at all - as there is no way to trade in smaller intervals unless you use litoshi markets. That's a bad idea because it requires people to buy LTC just to trade this coin, which many smaller alt exchanges do not have the liquidity for. The result is no one trades the coin. I'd suggest cutting the cap down to 10 Billion at the most.

Love the coin's concept. Please don't let a huge supply kill it before it even has a chance.

Ok after carefully considering all your concerns about the total coin supply we decided to do something about it. We had several options but ultimately we decided not to lower the total coin supply, instead we decided to stretch out the time it takes for all the coins to be mined. So instead of having a 10 year half life, we have increased it to 100 years, meaning it will take 100 years before half of all the coins are mined. That should mean about 1 billion coins mined in the first year.

There are several reasons we decided to take this approach, first of all it's the easiest, and it mimics the same type of coin scarcity we would get simply by lowering the total coin supply. Secondly, this type of ultra long mining period will ensure a very fair distribution of coins over a very long period of time. Thirdly, a it's a more organic solution to the problem because we don't have to mess around with any constants and it comes with some advantages such as fairer distribution.

@bitfreak so there is a CPU miner?

Well there's obviously CPU mining built into the client but it'll be solo mining only until we or someone else gets a pool online. It'll be a little be tricky to adapt existing pool software to Cryptonite since so much of the protocol is different.

Thank you for doing this. Nice to see such a compliant dev in the midst of all these scams. The coin should do very well. :)

Hey Dev! Good project. Few questions!

1. Why did you decide to go with pure PoW and no PoS? Don't you think PoW is dying and PoS is the way to go it's too expensive to keep the network up on the long run with PoW don't you think?

2. M7 where does this algo land in terms of heat and power consumption as compared to Scrypt / X11 ... X15 / Fresh and so on...

3. Do you think there will be constant BUY support for your coin and if so why? Will people actually want to use this coin instead of others and not only for holding and then dumping?

Can we have a Digital Ocean mining guide to be ready to mine?

Well there were time constraints but we also wanted to stick as close to Bitcoin as possible. Plus I don't exactly buy into the whole PoS thing. I recently read about one coin having to roll back their blockchain because someone owned too many coins. And the last reason is because we wanted to leave something for the clones to do. If we did include PoS then someone else would have made a pure PoW clone anyway.

Well the amount of power you burn up mining doesn't really depend on the PoW algorithm so much as it depends on the difficulty or how many people are mining. Memory hard algorithms might be a bit more energy efficient but M7 should use just as much energy as X11 if I'm not mistaken.

Well you can read the wiki and the features this coin has and make up your own mind. My opinion is that Cryptonite has many features which make it useful for actually conducting transactions instead of just holding. For a start we can handle more transactions and micro-transactions are feasible because of transaction prunability. And fundamentally Cryptonite is a more pure sort of currency, it's more like transferring money between bank accounts instead of treating the transactions like money by using scripts. And lets not forget that we've eliminated transaction malleability and have extra security features like withdrawal limits, which are both only possible in the mini-blockchain scheme. Cryptonite is purposely crafted to function as a powerful and pure form of P2P currency.

You can try to set it up now using the testnet binaries.

OK I think I will be mining this. You might have something here!

BUT PLEASE: Do some marketing and then some and then some more... OK? Don't forget that! You have to hit them social networks hard and we will help you! Good marketing and unique features you have you will fly straigh to top 15 on coinmarketcap is my estimate, BUT again.. Marketing and you should start on it immediately.

Bitfreak, glad to see that you are finally releasing your mini-blockchain coin.
I have been watching the other two threads for over a year!

How do you mine within client?

While this solution makes sense, I think it would have been better to just lower the total supply.  On the surface level, a new trader who looks at the total supply might be turned away by the 186 billion total, even if it is going to be distributed over 100 years.

Realistically, this coin won't reach age 100, I'm doubtful any crypto will.  We will be playing with some other digital currency form by then.

So why not just cap it to 18 billion?

Either way, I'm excited for this launch.

Honestly I'm so confident in the features of this coin that I think it will market its self. I will try to do some marketing but I don't like using social networks like Facebook for marketing. But most importantly, I don't want to generate a bunch of hype and then have the whole network explode. It's important to keep in mind how experimental Cryptonite is, I'd rather wait until we have some traction before doing any serious marketing. And by that time we will also have some services such as mining pools and blockchain explorers set up. It will take a while to adapt current bitcoin-based technology to Cryptonite because it really does work differently to all the current coins on a low level.

Same way you do with Bitcoin, use the setgenerate command.

It's much longer than 100 years, half of all coins will be mined in 100 years. But if they choose to turn away based on a quick glance then it's their problem.

Well then it doesn't really matter either way, the end result is the same, a smaller coin supply for the time we do use it.

Thanks BF.

Can you make a pros/cons list versus Cryptonote/XMR or does one exist?

is this related to cryptonight algo or wallet ? (I read what was the algo... but since some people are speaking about cryptonight... I just want to be sure...)

No.

Well for a start we wont have a blockchain which is hundreds of gigabytes in size in a short period of time. In fact we have the exact opposite, a highly scalable mini-blockchain scheme. But the one thing Cryptonite doesn't have is improved anonymity, it's just about the same as the level of anonymity Bitcoin provides. But if improved anonymity requires a blockchain as large as the Monero blockchain then I say we're better off without it. If users really want more anonymity they can use Tor and be careful about how they make transactions.

watch this.
nice coin.

did you change your mind regarding the m7 (I can't find that on the wiki page  ;D).

I think sha256/sha512 is a bit redundant
Why not replacing sha256 by skein512 (also it will be crypting only half of the hash, so placing it in the first position doesn't seem a good idea)

like it and i'll mine this coin

That's funny!! ;) ;)

The amount of two COINS are nearly the same.

Well it's very encouraging to see that bitfreak! is taking the time to address individual concerns. That's a good way for the dev to bond with the community  :)
While extending the mining years improves on your original idea, I still don't think it's an ideal solution. Stretching any plan that far into the future is somewhat unreasonable.
Still your solution should be adequate for the short term, say the next 5-10 years and that's good enough for me  ;)
I'd like to say that I care about what happens to your coin in 100 years but that would be a lie cuz I'm gonna be long dead by then  :D
Will try to mine this.

BitFreak, please consider this:

Make possible to use multiple computers on a single server for solo mining. To same wallet.
Bytecoin for example, had no such option from beginning, every comp needs own wallet and there is no conf file for daemon.

Make Win binaries effective like linux ones (no difference in speed for mining)

Please report some test about speed with different CPU types (intel vs amd and so....)


Thank you.

If it will be CPU only coin - I'm in!

When this coin launch?

I am still wondering how much of the multisig will go hand in hand with this coin. While bitcoin can still process keys > 3, it certainly is a pain. will this coin handle say 6-7 keys at a time during multisig? If yes, what about the size and fees which will go along with it?

I agree with you..

We're already dedicated to a coin with no pre-mine, no ipo, or anything else like that, and we're not going back on our word now. It's very tempting to just cut ourselves a slice of the pie before anyone else gets a piece, especially considering the amount of money spent on development so far, but I don't want to do that because it damages credibility and people pay more attention to fair coins.

I agree ^

No IPO and no premine are the way to go, it puts the coin in a positive spotlight among investors.

Edit: Having an IPO only takes away credibility for a coin....same with a premine

In my opinion, No IPO and no premine are just good for miners especially big miners, it's not fair to authors and investors.

There are professional ASIC CPU miners, is M7 algo able to against them?

Well as the authors we think this is the best course of action, and investors will simply have to buy it from miners at free market prices instead of paying arbitrary prices.

Ok, you are a good man, I will rent a rig to mine this coin, but it seems there is no M7 rigs in the rental market.

It'll take a while to get services like that, the M7 algorithm was custom made for Cryptonite.

I agree.

This looks good.. I am watching this! ::)

New bitcoin ? :D Looks freaky interesting.

No such thing as new bitcoin but a nice marketing ploy

Do you guys have a long term plan for this coin? If so would like to know more as it seems quite intersting already.

Looks very promising. I am in  ;D . Also there is coin with almost same name https://bitcointalk.org/index.php?topic=606682.0

Thanks a lot LazyCoins Exchange! I appreciate your consideration of our coin for your exchange. Your platform is well designed and seems to have some impressive security features so I look forward to trading XCN on it. We are both just getting started so hopefully we can help each other succeed.

Signatures can handle up to 255 signers. The signature size is 20 bytes for every potential signer and an extra 45 for every actual signer. So for example a 2 of 3 would be, 3*20 + 2*45 + 1 = 151 byte signature. Transaction fees are set by miners and are paid by rounding up to nearest 1000 byte chunk. Default fee is 1 satoshi per byte, so your looking at minimum fee of 1000 satoshi's for even quite large multisig transactions. 

been testing this off and on for a month now and I must say it is super awesome to of seen this project come together!

To those who don't know: bitfreak and catia seem to have one hell of a dynamic between them and this coin could not be backed by a better dev team. I very anxiously look forward to launch day!

The page on the PoW is here http://cryptonite.info/wiki/index.php?title=M7_PoW

The thing about hashing less bits with some of the hashes doesn't really matter because the hashes are not chained. Multiplication preserves all entropy, at least if you don't allow 0 hashes, kind of like XOR the hashes together. So in this way we can safely use hashes of different lengths. Using both sha256/sha512 isn't counter productive because they use separate constants, it's analogous to taking sha256(X) ^ sha256(X + salt), which is not any more secure that just a salted hash, but it is not any worse. Since one of the goals here is to increase the amount of hardware an ASIC would require, using both hashes suits that purpose quite well since there is no way to reuse a sha512 core to compute sha256.

Btw, big fan of your miners. 

How many members @ dev team?

innovations are good.

will mine some for sure.

promising. will be watching this one

It's basically just catia, we do have another developer but he doesn't get much time to work with us and catia ended up doing the vast majority of the work. But honestly catia is a genius so he didn't really need much help along the way, he understood what needed to be done and made it happen remarkably quickly. When we go fully open source we'll be able to expand the dev team and get more eyes on the code.

come soon！！

After many discussions with all sectors of the community, we came to the conclusion that the following approach had many benefits https://github.com/project-bitmark/bitmark/wiki/IPM-Pool

Please do consider the proposal as it may help ensure the balance and longevity of your coin.

Best Wishes, Mark

This would be greatly appreciated here too.

100 years?! I must of mislooked that wow...Vertcoin's 2 year halving is driving it's price into the ground, from 6 dollars to 13 cents in 1 1/2 months..

Yea, halving less than every 1 year is optimal..

I highly doubt that has anything to do with why the value of vertcoin is plummeting, 2 years is a rather short half life. It is not our goal to have a short mining period and then make all the early adopters rich because it becomes so hard to mine later on, that is a pump and dump in my books. And this way we can perhaps please those people who want infinite inflation, without actually having infinite inflation. And let me also be clear about one thing, the block reward will not halve after 100 years. The block reward drops slightly with every new block, and it will take 100 years before it has dropped enough that the block reward is half of what it started as.

I think inflation looks like this:
https://i.imgur.com/P12MQcu.png

Well it's important to remember that normal inflation is a lot cheaper than cryptocurrency inflation. In order to create new cryptocurrency one must expend electrical energy, which is not the case for typical fiat currencies. The coin distribution mechanism is not going to change any further, we've already modified it to please as many people as possible and to be as fair as possible. Most aspects of Cryptonite are designed from a long-term perspective, and a super long mining period fits that philosphy.

Unfortunately not everyone can be pleased, but that's why we're releasing the source code, so people can change things to their liking. In fact I wouldn't mind seeing a variant of Cryptonite where the coins are super rare, but that's just not what we're aiming for with Cryptonite. This is going to be the first implementation of the mini-blockchain scheme so I want to focus on long term feasability and fairness, while still trying to please as many people as possible. It's not easy but we've done the best we can.

Ah I see. Couldn't the 184.4billion total # be changed to something more aesthetically pleasing? A lot of members dont even touch coins that have extremely huge coin supplies just because they dont like how it looks , I guess because everyone is used to smaller total #'s from using Bitcoin with its 21million cap.

May I refer you back to this post:

There will only be a mammoth huge amount of coins after a mammoth huge amount of time, and by the time all the coins have been mined, the vast majority of them will be lost because the people who owned them are long dead. It seems to me what people really have a problem with is that we're not dropping the block reward fast enough, but I think the graph posted by aaaxn shows a very reasonable level of inflation over a fair period of time.

How would you feel if decimal point was moved and instead of 184 billion coin with 8 decimal places we would have 1.84 billion coins with 10 decimal places. Would it be better?

Still..Bitcoin isnt even likely to be widely used in the next 20 years(it could be replaced by another cryptocurrency), The whole cryptocurrency scene could die off in the next 5 years... IMO, 100 years is Wayyyyyyy x10, too long...That alone would probably drive away a lot of people from using this coin. It's good to think longterm(like next 5-10 years especially since cryptocurrency is so fluctual), but 100...

Your argument makes no sense, if we're not using it in 100 years then it doesn't really matter either way does it.

The block reward halving every 100 years is ridiculous...You're practically labeling this a dead coin before it's even launched...

If this coin even gets to be worth anything near a "decent price", the amount of btc needed to sustain it's daily price would be skyhigh (in the 100s of thousands) and it wouldn't be cut in half until 100 years passed Lol. Look at vertcoin, it has a high emission rate with over 20k vtc mined per day and it halves every 2 years(compared to this coin's 100 years), and it's price has dropped more than 600% from it's ATH. Imagine what would happen to this coin then, if even Vertcoin dropped because it didnt halve quickly enough, then this coin is doomed before it even begins.


Sorry, but the specs of this coin killed it before it even started.

I'm also "out".

If you don't like looking at large numbers then you can always use a different notation. Having 1 BTC be worth more than $600 isn't practical either, but we deal with it by representing our bitcoin values in millibits or something similar. You're basically dismissing a whole coin based on an aesthetic argument. And once again I must point out it doesn't halve after 100 years, it slowly drops every block, taking 100 years to drop to half of what it started as.

Plenty of coins have much longer halving times and they are doing just fine. In fact some coins even have infinite inflation and they are doing ok too. If the value of vertcoin has dropped that much recently, it indicates a much larger problem than the block reward. You do realize that many other factors play a role in how the value of a coin is determined? I would even bet that the all-time-high was a pump phenomena and it's simply back to where it wants to be.

I think your math needs work. A larger percentage of the bitcoin total coins are mined everyday than would be Cryptonite. Bitcoin doesn't need 100's of thousands of BTC worth of investment everyday to maintain price, so why does that not apply here? Many coins do not even have a finite limit to minting, so how is an ever decreasing reward worse than that?

We're working to have KXCN listed on exchanges instead of XCN, so there's really only 184 million of those.You must not be familiar with the metric system. Perhaps you can also write a rant about how the gram is not good enough because it's so much smaller than the pound. Having to use kilograms is just ridiculous. /Sarcasm off

The Bitcoin block reward has remained at 25 BTC for more than two years, and will not drop until 2017. It started at 50 but during that time not many people knew about it, by the time Bitcoin really got noticed the block reward was already at 25. It seems to me bitcoin has done a fine job of increasing in price even though the block reward hasn't changed for a long time. At least with Cryptonite the block reward slowly drops with every block instead of doing it suddenly after a long period of time and upsetting the established ecosystem of the network. Even if I'm wrong we're a bit past the stage where we can make such a change to the protocol, we're set to launch in about 3 days and the specs have already been revised once.

huh

That doesn't apply here because of the network effect. Bitcoin is the first cryptocurrency, the most used, the most known, and because of that, it's daily price can be retained even though its emission rate is large and the block halvings are far apart... Bitcoin cannot be compared to Any altcoins at this moment. What worked for Bitcoin(staying in relative obscurity, far and inbetween block halving) Will not work for Altcoins. You cant base this coin upon what Bitcoin has done, if you are doing so, then you are preparing this coin for immediate failure..

Ok so let me be blunt. The bottom line is people want to be able to invest and profit because they can see the potential of this coin, but we're not offering many ways to do that. After some discussion we've decided that isn't necessarily a bad thing, it has some potential benifits. Whenever somebody profits it just takes money out of the coin. If you limit opportunities to dump it then it can have value based on it's utility. If people have less reason to hold then it promotes spending and commerce. We have decided that our approach is the most logical if we want to create a transaction tool and not an investment tool.

But having said that, I honestly think a slowly decreasing block reward wont keep it from increasing in price if people find it useful enough. Many altcoins have proven that the value of a coin can rise and fall very independently from the level of inflation. What really causes the price of a coin to shift is popularity, the level of demand will really determine the value, especially if the level of demand greatly outmatches the level of inflation. Now I know not everyone is happy with this decision, and I'm betting the first clone of Cryptonite will be one with a smaller coin supply and faster distribution rate, and that's fine with us.

If we didn't want people making variants of Cryptonite then we wouldn't release the source. If another variant of Cryptonite turns out to be more popular than the original Cryptonite then so be it, but I'm not convinced they will be more popular unless they can offer something new. What I would really like to see is some sort of good anonymity/mixing scheme which is compatible with the mini-blockchain scheme, I'm sure that would be really popular because many anonymity schemes dramatically bloat the blockchain but with the mini-blockchain scheme the old transactions can be forgotten and it becomes much more manageable.

The only reason it couldn't is because we'll probably have much better cryptocurrencies in 100 years. But as I mentioned before, mining cryptocurrency doesn't necessarily devalue the rest of the coins, because it costs a lot of money to mine the coins, unlike normal inflation. In a purely logical world the value of XCN would be no less than the cost of the electricity used to generate them, which is perfectly fine in my book. All that really matters is that the inflation doesn't cause the value of the coin to drop, and it doesn't if the coins are expensive to mine.

And furthermore, I think having such a long mining period ensures that future miners are getting rewarded well, because the difficulty tends to grow, where as the block reward tends to drop, and that creates an upward pressure on the market which causes the price to increase. But when too many people try to mine, it becomes too hard and not profitable enough, so many miners stop mining. So based on that logic, by having a longer mining period, we also maintain a higher network hash rate for a longer period of time because more miners can participate.

It's not linear, it's exponential decay.

This is really smart bitfreak!, and if I may give my two satoshis, I'd like to chip in as well.  As someone who has followed this project from about the time you started testing, I'm really glad you're making this, and like others, see the potential in it.  I really respect the time, money and resources that you've put into it and can see that your vision for the coin has driven all of the decisions about fair release, distribution etc.

I think there is a good reason to reconsider the 184.4B supply, but I think most of the reasons provided by others so far are irrelevant and illogical.  The main reason to lower would be to simplify the product.  I would argue that this is the most innovative coin this year, but I think everything needs a certain appeal.  Some call it marketing, but really I just mean simplicity.  You want the focus of the project to be on the innovation and its capabilities.  By making the supply 184.4B and half life of 100 years, I have to stop for a second and think about what that means.  Logically, there is nothing wrong with this.  And after brief consideration, any bright person would realize this is an extremely, if not overly, fair distribution.  But still, it sours things just a bit, because I have to focus on something other than the innovation.  So, I think merely for simplicity's sake(which goes a long way), you might want to reconsider(again), changing the numbers.  You don't have to sacrifice any of the current ratios, but just make the numbers more intuitive.

Either way, I really appreciate this project and the time and effort you've spent into it.  I certainly wouldn't have thought of such a fair way to distribute it, nor all of the innovative advantages of the mini-blockchain.

@Dev ,when will this coin be launched?any plan?

PLEASE READ:

Ok folks, it has become highly apparent to us that stretching out the mining period as a solution to the huge coin supply issue is not very satisfying for all parties. As a result of the concerns raised we are revising the specs one last time in an effort to please all parties. First of all we are reverting the half life of the block reward back to 10 years like it was it was originally, so that investors don't feel so worried about the long term inflation. Then to appease those people who don't like seeing huge unsightly numbers, we have shifted the decimal 2 places to the left, meaning there will be a total of 1.84 billion XCN, each with 10 decimal places of divisibility instead of 8. We didn't want to scrap the 64 bits of divisibility because we kind of tout that as a feature of the coin, and shifting the decimal place didn't require us to break the current protocol (although reverting back to a 10 year half life did). And before anyone says "but 10 decimal places is unseemly", the numbers can always be rounded down to something more presentable if necessary, and coins such as Monero already use 12 decimal places for each coin.

Yes I don't think many of the arguments are very solid, and honestly I'd rather if we could focus on more important aspects of the coin, but some of the arguments made are semi-valid and many people are expressing the same opinion, so that is ultimately why we have decided to revise the specs for a 2nd and final time. I think this latest solution will make most people happy, and if doesn't, then I don't know what will. In any case it isn't going to change again, we've flip flopped on it enough.

This is a great compromise, and it takes a lot of courage to continue to make changes at this point!  You're doing a great job of now taking your innovation and understanding what people want out of it, and adapting quickly(a few days before launch).

Yes well I wouldn't have risked changing the specs this close to release if we weren't basically just reverting back to what we originally announced. Changing the position of the decimal place isn't actually a change to the protocol, all the numbers are stored as integers internally, so representing them as floats isn't even really necessary. Catia said if it were up to him we'd display no decimal place at all, lmao.

Well.. I was happy enough with your previous solution but this definitely makes the whole thing even better  :)
Is everything ready for launch on Monday?

i think it is a good move...people are impatient and greedy, it is normal and will not destroy the coin.

@bitfreak, you really have a nice project here and I would like to support it but maybe you should consider the total amount of supply of coins to be produced. 1.84 billion coins is unsustainable imho. Why so many coins? How about 184 million or even 84 million?

nice concept. Spoken to any exchanges yet?

1.84 billion is perfectly fine, there is nothing "unstable" about it. We've done all we can to make people happy, the specs are now absolutely final and wont be changing. So lets move on to discussing other issues please.

lazycoins.com has contacted us about adding Cryptonite onto their exchange. Hopefully that'll be setup shortly after release.

I don't understand why there are so many people demanding to lower total supply. The only difference between 184 billion and 18 million is the decimal point. If 18 million, you can buy 1000 coins and if 184 billion, you can buy 10 million coins with the same amount of BTC. The value of you stash in BTC doesn't change. If you want such a low supply, go buy some shitcoin like 42coin or 365coin instead.

The only thing that matter is how block reward will be calculated over time, i.e. inflation.

I'm pretty sure that Cryptonite will be copied very soon once the code published. Those copy-cat devs probably will choose much lower total supply but much shorter mining period to attract more noob investors.


Dude, Monero and Cryptonite are two different things, I don't think these two are direct competitors. Monero focus on improving privacy of users by unlinkable blockchain, while Cryptonite focus on reducing blockchain size of original Bitcoin code base.

So it adjusts at each block dynamically, but what is the initial block reward value?
Couldn't  find it in the OP..

I believe it will start at about 243 XCN per block.

by the way, which version of ripemd and tiger will you be using for this coin ?

It's ripemd160 and tiger not 2 (1 maybe?)-192

is there any hope for someone non-technical to mine this coin?

when will XCN be launched?

did you read the OP?  your answer is in the first sentence.

I am preparing my money for launching ;]

I think you should be able to manage. I'm assuming you've mined other coins before?
The M7 is a new algo but it shouldn't be that hard for you to set up your CPU to mine XCN.
Maybe the dev or someone else could include a mining guide for newbies in the wiki at some point  ;)

i have only a very small amount of experience.  but i have time to set up, test etc. 

also, since XCN is cpu, doesn that mean it is vulnerable to botnets?  (which also will make it harder for a regular guy just mining with a cpu?)

i like this coin, but i think i probably will just have to buy from miners at high $$ :(

Hoping for a stratum algo.. Will it there be?

Well get over here (https://bitcointalk.org/index.php?topic=643758.0) and start playing with beta for practice

And I do not think botnet OPs choose coins on speculation. IE they would mine monero before this because there is a price and demand for the coin... otherwise known as profits.

Looks good, what was the reason behind this vast number though? "Coin supply: 2^64-1 units (1.84 billion coins, 10 dec places)"

since XCN is cpu   i like this。

I have the feeling that half the people answering that thread still think it is some sort of cryptonight/wild keccak algo from what I read which not always makes a lot of sense in the context...  ;D

any pool provided?

how to mine?is it cpu only?

Wallet ->console-> setgenerate true
Yes, cpu only (now)

Dev, will standalone miner will be available at launch time?

In that case I would love to see an IPO/ICO :P

Im going to try this one out. Im really interested in the algo

I rely mostly on Devs BCT status. The concept is int4resting also, I think there would be many followers...

5 hours until launch people. Almost had to delay launch due to some last minute bugs but it looks like we have everything under control.

Cant mine today sadface q.q

Is Windows wallet ready?
How about standalone miner?

Give us some info, how to be prepared for startup?

I would also like to know how to prepare instead of rushing at the last minute please.

There has been windoze builds for a while now in the beta test so it would be a safe assumption you will have win qt at launch

Yes we have Qt working on Windows. There is no standalone mining app yet or any pools, you'll have to solo mine using the default mining algorithm available in the client. You just need to run "setgenerate true 1" where 1 is the number of cores you want to mine with. You can try it out in the test thread (https://bitcointalk.org/index.php?topic=643758).

how mine from different machines to one wallet address ?

Use the same wallet.dat in all your machines

Can I use config file with setgenerate ?

gen=1

Thanks

Damn...I'll be at work.  I was looking forward to this but was called in unexpectedly.  I'll check it out tomorrow morning.  Good luck everyone...I think this is going to be a fun one.

Incredibly interesting. I'd love to see where this coin goes.

Hello,

I am attempting to test the software, but it keeps crashing on me.

I cannot find any simple instructions on how to install and run this software.

So far I have:

1. Downloaded the latest client & the dll.zip & extracted them into their own folder.
2. When I run the client, I get a crash report on windows to say that the .exe has stopped working

can anyone help please?

Same is happening to be. Help would be appreciated.

The error:

 Problem Event Name:   APPCRASH
  Application Name:   win64_cryptonite-qt_14071213.exe
  Application Version:   0.9.0.99
  Application Timestamp:   00000000
  Fault Module Name:   ntdll.dll
  Fault Module Version:   6.1.7600.16915
  Fault Module Timestamp:   4ec4b137
  Exception Code:   c0000005
  Exception Offset:   0000000000017e2a
  OS Version:   6.1.7600.2.0.0.256.1
  Locale ID:   1033
  Additional Information 1:   abcc
  Additional Information 2:   abcc8f7853b48d9807d6d51eb1fa5df9
  Additional Information 3:   abcc
  Additional Information 4:   abcc8f7853b48d9807d6d51eb1fa5df9



I forgot the testnet flag. To fix it just add 'testnet=1' to the .conf file or run it from a .bat with -testnet. (Thanks to billotronic)

You probably are missing the testnet flag. You can do this by either making a shortcut to the exe and adding -testnet to the target line, or add to your cryptonite,conf

Do you upload source on github at launch?

Yes.



From OP: "The full source code and pre-compiled binaries will be available upon launch."

what dependencies are needed for Ubuntu?

can anybody give me a cryptonite.conf?

thanks

that´s  i  also  want´s  to  know.

from here (https://bitcointalk.org/index.php?topic=643758.msg7188427#msg7188427)

sudo ./trusty_amd64_cryptonite-qt_14072700 -testnet
Whats wrong?

Looks like you're trying to start graphical client in command-line only system ???

hahaha FAIL  ::)
Thanks

？


thanks, or do i need one?

when i run the testnet, i got this:

http://img03.taobaocdn.com/imgextra/i3/888367355/TB2RBXpaXXXXXbxXXXXXXXXXXXX_!!888367355.jpg

All config files from different coins similar, I always use the same for new coin (except addnode and some specific values).

Thanks!

what's the difference between  win64_cryptonite-qt_14072718.exe and win64_cryptonited_14072718.exe ?


thanks

qt is grafical interfaz

will it be on time, or should we expect delay ?

Thanks. wait for this now/

Source pls

launched?

or not?

error while loading shared libraries: libboost_system.so.1.53.0: cannot open shared object file: No such file or directory

win 64 cant open

http://cryptonite.info/?page=download

https://bitcointalk.org/index.php?topic=713538

yep what is the format anyone know or is the file damaged?

Out of curiosity for the mini blockchain implementation, I'm running this on a single i7.
Notes of interest: Blocks go straight to available, did not see any 'pending' (or immature) state time at all. Perhaps this will require a fix/relaunch/jump-off-a-bridge-type, something off, or it's just me?
Minor typo: The dialog that appears at bottom-right corner when you find a block (Win-x64), is titled: Bitcoin - Incoming transaction. Would be lovely to have incoming transactions of ~243 bitcoins to my wallet  ;D

Happy mining!
~ Myagui

why does it need boost 1.54 and db 4.8 on trusty, this' suck!

No idea what to do with these downloads on Windows or Linux. Please post instructions!

please build with boost 1.53 and latest db library!

indeed 1.54 sucks...

meh this is promising but unfortunately i have to travel so...

still not a formal version,running in testing environment?

when it will launch ?

root@ip-10-7-169-36:/src/Cryptonite# make
Making all in src
make[1]: Entering directory `/src/Cryptonite/src'
make  all-recursive
make[2]: Entering directory `/src/Cryptonite/src'
Making all in .
make[3]: Entering directory `/src/Cryptonite/src'
make -C ../src liblmdb/liblmdb.a
make[4]: Entering directory `/src/Cryptonite/src'
Building LMDB ...
make[5]: Entering directory `/src/Cryptonite/src/liblmdb'
make[5]: *** No rule to make target `liblmdb.a'.  Stop.
make[5]: Leaving directory `/src/Cryptonite/src/liblmdb'
make[4]: *** [liblmdb/liblmdb.a] Error 2
make[4]: Leaving directory `/src/Cryptonite/src'
make[3]: *** [../src/liblmdb/liblmdb.a] Error 2
make[3]: Leaving directory `/src/Cryptonite/src'
make[2]: *** [all-recursive] Error 1
make[2]: Leaving directory `/src/Cryptonite/src'
make[1]: *** [all] Error 2
make[1]: Leaving directory `/src/Cryptonite/src'
make: *** [all-recursive] Error 1



 ???

wallet is out, diff at 900

http://cryptonite.info/?page=download

i need Cryptonite.conf

https://bitcointalk.org/index.php?topic=713538.new#new

some one can build on ubuntu 14 with boost 1.53 and libdb 5.1?  ???

No..
 >:( >:(
What lib do you use?
I cant mine on ubuntu (14)
Some help, please!

no one here, they're all (include dev) busy with raping low diff lol  ;D

dont worry dude, you will have that when they have milion XCN on their wallet  ;D

window wallet has been take down, seem they accidential put the test build for window users, so they will ALL have orphan  ;D

And trusty binaries dont mine, and linux source dont compile
All is wrong with this coin...

i think dev made those issues on purpose, they luanch on time, with wallet, qt, source, everything fine, so no one can complain, but no one can run it, they end-users error, not from dev. Then Dev is then busying to raping low diff... blah..blah... too familiar scenario  ;D

we need relaunch!

{
"version" : 10100,
"protocolversion" : 10000,
"walletversion" : 10000,
"balance" : "39365.4363341862ep",
"blocks" : 3789,
"headers" : 3789,
"timeoffset" : 0,
"connections" : 30,
"proxy" : "",
"difficulty" : 29428947.30384279,
"testnet" : false,
"keypoololdest" : 1406515461,
"keypoolsize" : 101,
"paytxfee" : "0.0000001000ep",
"relayfee" : "0.0000001000ep",
"errors" : "This is a pre-release test build - use at your own risk - do not use for mining or merchant applications"
}

wow they throw un an NON-MINABLE wallet, hahaha

I wonder if the Dev is farming on 222.223.122.5

Of the 121 Active Connections I have, 83 come from this IP.

Not going to waste my time any more on this.

"addr" : "222.223.122.5:64495",
"addr" : "222.223.122.5:64833",
"addr" : "222.223.122.5:51795",
"addr" : "222.223.122.5:50173",
"addr" : "222.223.122.5:54271",
"addr" : "222.223.122.5:60866",
"addr" : "222.223.122.5:50754",
"addr" : "222.223.122.5:56285",
"addr" : "222.223.122.5:63421",
"addr" : "222.223.122.5:55931",
"addr" : "222.223.122.5:61185",
"addr" : "222.223.122.5:62504",
"addr" : "222.223.122.5:50339",
"addr" : "222.223.122.5:64182",
"addr" : "222.223.122.5:52383",
"addr" : "222.223.122.5:50049",
"addr" : "222.223.122.5:57236",
"addr" : "222.223.122.5:53691",
"addr" : "222.223.122.5:53658",
"addr" : "222.223.122.5:59557",
"addr" : "222.223.122.5:61502",
"addr" : "222.223.122.5:55958",
"addr" : "222.223.122.5:54700",
"addr" : "222.223.122.5:53196",
"addr" : "222.223.122.5:57869",
"addr" : "222.223.122.5:60193",
"addr" : "222.223.122.5:60265",
"addr" : "222.223.122.5:51947",
"addr" : "222.223.122.5:61102",
"addr" : "222.223.122.5:58177",
"addr" : "222.223.122.5:60649",
"addr" : "222.223.122.5:53983",
"addr" : "222.223.122.5:56846",
"addr" : "222.223.122.5:57531",
"addr" : "222.223.122.5:60296",
"addr" : "222.223.122.5:65097",
"addr" : "222.223.122.5:61533",
"addr" : "222.223.122.5:59593",
"addr" : "222.223.122.5:64070",
"addr" : "222.223.122.5:53979",
"addr" : "222.223.122.5:50228",
"addr" : "222.223.122.5:61144",
"addr" : "222.223.122.5:59229",
"addr" : "222.223.122.5:64773",
"addr" : "222.223.122.5:58067",
"addr" : "222.223.122.5:64874",
"addr" : "222.223.122.5:51886",
"addr" : "222.223.122.5:62937",
"addr" : "222.223.122.5:56375",
"addr" : "222.223.122.5:60985",
"addr" : "222.223.122.5:57417",
"addr" : "222.223.122.5:59536",
"addr" : "222.223.122.5:65166",
"addr" : "222.223.122.5:57041",
"addr" : "222.223.122.5:61009",
"addr" : "222.223.122.5:62694",
"addr" : "222.223.122.5:57771",
"addr" : "222.223.122.5:56410",
"addr" : "222.223.122.5:55004",
"addr" : "222.223.122.5:54341",
"addr" : "222.223.122.5:50130",
"addr" : "222.223.122.5:59833",
"addr" : "222.223.122.5:62096",
"addr" : "222.223.122.5:55513",
"addr" : "222.223.122.5:54255",
"addr" : "222.223.122.5:64720",
"addr" : "222.223.122.5:64895",
"addr" : "222.223.122.5:63562",
"addr" : "222.223.122.5:60433",
"addr" : "222.223.122.5:52721",
"addr" : "222.223.122.5:62611",
"addr" : "222.223.122.5:51431",
"addr" : "222.223.122.5:53583",
"addr" : "222.223.122.5:64558",
"addr" : "222.223.122.5:50159",
"addr" : "222.223.122.5:50283",
"addr" : "222.223.122.5:52221",
"addr" : "222.223.122.5:51897",
"addr" : "222.223.122.5:63159",
"addr" : "222.223.122.5:53231",

we need relaunch!

for ip 222.223.122.5

IP Address   222.223.122.5
Location    CHINA, HEBEI, SHIJIAZHUANG
Latitude & Longitude   38.041390, 114.478610 (38°2'29"N   114°28'43"E)
ISP   CHINANET HEBEI PROVINCE NETWORK
Local Time   28 Jul, 2014 12:12 PM (UTC +08:00)
Domain   CHINATELECOM.COM.CN
Net Speed   (DSL) Broadband/Cable
IDD & Area Code   (86) 0311
ZIP Code   130000
Weather Station   SHIJIAZHUANG (CHXX0122)


wow, seem we're mining a china coin  ;D

cloud mining??

seem we're having fork right now, window wallet has just re-built, real network info is


{
"version" : 10100,
"protocolversion" : 10000,
"walletversion" : 10000,
"balance" : "0.0000000000ep",
"blocks" : 836,
"headers" : 836,
"timeoffset" : -1,
"connections" : 9,
"proxy" : "",
"difficulty" : 10903.90835713,
"testnet" : false,
"keypoololdest" : 1406521127,
"keypoolsize" : 101,
"paytxfee" : "0.0000000000ep",
"relayfee" : "0.0000001000ep",
"errors" : ""
}



{
"blocks" : 842,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 11004.64977618,
"errors" : "",
"genproclimit" : -1,
"networkhashps" : 443640352, 443MHash/s, really?
"pooledtx" : 0,
"testnet" : false,
"generate" : true,
"hashespersec" : x
}

i know why this coin fallling, 7 seem very hot number atm  lol

is to hard solo  i have only  five coin  ??? ??? ??? ??? ??? ???

Aww man, I'm disappointed, I was really looking forward to this  :(
I can't believe you launched without having a 32bit version of the qt ready!? The vast majority of people are still on 32 bit machines. It's not really that fair a launch.
It's a real shame that you had to mess up this up by rushing it, I liked this project.
Anyways good luck to those who got in.

bitfreak seem working silently without any communication, i've just see him update the github, the build for linux...

https://bitcointalk.org/index.php?topic=713538.0

Mining and expect 32bit version these days?????
I download new version of windows wallet win64_cryptonite-qt_14072801 and dont have connections   ??? old one is litle bugy  :-\

{
"addr" : "[2001:0:9d38:90d7:3c1b:3809:221a:592f]:49484",
"addrlocal" : "112.86.214.194:8253",
"services" : "00000001",
"lastsend" : 1406529806,
"lastrecv" : 1406529813,
"bytessent" : 4215,
"bytesrecv" : 2386,
"conntime" : 1406529169,
"pingtime" : 0.00000000,
"version" : 10000,
"subver" : "/Satoshi:0.1.1/",
"inbound" : true,
"startingheight" : 1113,
"banscore" : 0,
"syncnode" : false
},
{
"addr" : "[2001:0:9d38:6abd:28b8:6f2:4f97:86c2]:8253",
"addrlocal" : "112.86.214.194:8253",
"services" : "00000001",
"lastsend" : 1406529801,
"lastrecv" : 1406529806,
"bytessent" : 1133,
"bytesrecv" : 1243,
"conntime" : 1406529293,
"pingtime" : 0.00000000,
"version" : 10000,
"subver" : "/Satoshi:0.1.1/",
"inbound" : false,
"startingheight" : 1120,
"banscore" : 0,
"syncnode" : false
},
{
"addr" : "[2001:0:9d38:6abd:1e:322f:c945:74db]:51608",
"addrlocal" : "[2001:0:5ef5:79fb:309a:582:8fa9:293d]:8253",
"services" : "00000001",
"lastsend" : 1406529806,
"lastrecv" : 1406529818,
"bytessent" : 469,
"bytesrecv" : 1282,
"conntime" : 1406529659,
"pingtime" : 0.00000000,
"version" : 10000,
"subver" : "/Satoshi:0.1.1/",
"inbound" : true,
"startingheight" : 1134,
"banscore" : 0,
"syncnode" : false
}

Me too! Kudos!

this is a fail coin . deliberatly  made many mistakes and file problem ,  so be dead if not relaunch it.

Guys fix the wallet please ;/

20 X5650 can not mined one block
what happen
Whe mined all?

wallet cant sync  :(

I even cant install the wallet.

Is there a mining tool?

I get these error messages when trying to run the wallet on 64 bit windows 8.1:

http://i37.photobucket.com/albums/e69/Marcus_Crypto-Enthusiast/Untitledddd_zps359cb7f9.jpg

Click ok then:

http://i37.photobucket.com/albums/e69/Marcus_Crypto-Enthusiast/ssss_zps46ef77a0.jpg

How do you fix this?

I cannot agree more, please lower the total coins if possible. It needs decent amount of buy orders to maintain the inflation...

Dude... Cryptonite is not a cryptonote coin.
There is no ring signature, no anonymity, ...
This has nothing to do with Monero. Nothing.

almost 1GH/s now without pool, miner, exchange...  :P

I had a good feeling about this coin, now I have a bad feeling. Where are devs?

i can't install qt wallet.

http://www.dodaj.rs/f/r/q/4fqNfsi2/mmm.jpg

any suggestion ?

download this and extract to same folder as the .exe one http://gpile.it/mbc/dll.zip

gpu miner?

Have problem with windows QT. Downloaded from site. It is working but on wrong chain, when type getinfo in console it shows diff 1.0000. Is there nodes or something doing wrong.

No you're not doing anything wrong.  This is part of the plan.  Launch coin but make it so the majority of people can't mine by releasing crappy binaries and source.  Then while everyone is trying to get things working the dev and his buddies are mining away with working binaries and source code.  

The hashrate alone should tell people that something funny is going on.  Most likely a GPU miner being used by dev and buddies that they are not sharing.

This is just another scammy shitcoin with an unfair launch.

so everyone on windows have same problem??

make sure you use latest one, the first one has error that cause fork.
the latest one end with 803 http://gpile.it/mbc/win64_cryptonite-qt_14072803.exe
and add my node 115.78.135.173:9773

Any word on M7 stand alone cpu miner??

Is anyone finding blocks at this difficulty? Staying positive but devs or reps should try and post re: the chains behavior and as to what is normal, to keep FUD at bay.

I am assuming that only mode for mining is as previously stated, through wallet setgenerate?

Some update here would be nice.....will check IRC..... thanks and keep up the good work.

tnx

I can't install from source on Arch (I have Berkeley 5.3 installed and I have no idea how to install another version).

and the pre-compiled binary doesn't work either.

Any idea?

I had the same issue with the trusty precompiled binaries.

If you run ./configure --with-incompatible-bdb it will compile

Thanks! I confirm it works, although I still can't find the binary after that.

after successful compile, the binary would be in the src folder, include 2 binary, cryptonited and cryptonite-cli

{
"blocks" : 2802,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 44027.51169430,
"errors" : "",
"genproclimit" : -1,
"networkhashps" : 685089066,
"pooledtx" : 0,
"testnet" : false,
"generate" : false,
"hashespersec" : 0
}


difficulty still going up crazyly compare to yesterday even the network hashrate only equal to 2/3 yesterday?!  ???

pool and standalone miner are badly needed :(

+1

Why are there 2 Threads with the same OP?!
Take a look at this:
https://bitcointalk.org/index.php?topic=713538.0

Is there an easy way to know the coins total current supply in (near) real time?

Standalone CPU Miner
http://cryptonite.info/?page=download for windows build,
for linux, build from source here https://github.com/MiniblockchainProject/Minerd

Because if you hadn't noticed this is the PRE-ANNOUNCEMENT thread.

Can everyone please move this discussion over to the actual announcement thread:

[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine (https://bitcointalk.org/index.php?topic=713538)

oops, wrong thread

Having problems with wallet crashing, I have done the qt and dll updates, deleted conf file all except wallet dat. Am I missing something?

It's better if the coin remains CPU only for a period of time anyway because it makes it fairer.