Bitcoin Forum

What is this crap, RuCoin?

This is not (yet) project p2p-kriptovalyuty almost completely analogous BitCoin
For what it is, this new kriptovalyuta RuCoin?

RuCoin a substitute BitCoin, but the goal is not the case. Purpose - to provide redundancy for the system BitCoin, increase the stability of smeystva kriptovalyut, which will undoubtedly grow and develop.
Why reserve BitCoin?

Peer kriptovalyuty for someone as a "thorn in the side." It is difficult to anticipate all the nasty things that can come up with attackers to cause some harm to the independent system. And this unknown, but potentially possible threat - scary, it calls into question the confidence in the system. It will be safer if the system bude to have some redundancy, for example, a parallel system that performs the same functions, but not on performance of the prototype and other crypto-currency.
How will the reservation?

To take advantage of redundancy should be using any existing exchange or currency exchange office to change a portion of their funds in addition to RuCoin course, which will be alive at the time of exchange. Of course, in the future will change course, and a reverse exchange value of the coins will be acquired either increase or decrease, depending on market movements. You can play on the difference in rates - rates as kriptovalyut is still relatively easy to predict, more or less understand all this is possible without great labor increase your savings. But the thing that you can get from investing in the reserve kriptovalyutu - extra insurance in case of any problems with BitCoin.
What extra buns promises RuCoin?

Since RuCoin starts with a lag of BitCoin more than two years, there is some interesting nuances:
First, it is mining. Many envy those who are at a very early stage of development BitCoin engaged in mining - that is downloaded your computing power generation of coins when the complexity was very low. Now their fairy coins increased in price. Something like that probably awaits the first to believe in a new backup kriptovalyutu and connect to its mining their computing power.
Second, since RuCoin comes in the wake of BitCoin, then knowing the history of BitCoin be highly likely to predict what awaits RuCoin. What imeeno benefits it gives - anyone can come up with your own.
Already there are many new "under-rates" ...

A number of projects that are based on ideas and code BitCoin. Typically, these projects were implemented under the banner of "catch up and overtake Bitcoin", so the upstream developer changed the algorithm of the system according to their ideas about how we can all be improved. RuCoin project is not intended that any develop and improve, and vice versa, is the most conservative position in order to maintain and use all that has been proven in Bitcoin.
Why this name RuCoin?

What's the difference what the name of the crypto-currency? This is a matter of taste. But generally the name RuCoin born spontaneously among Russian-speaking developers who conceived this project to implement. Of course, this has nothing to do with either rubles or rupees, or with geography.

Taк гдe жe мы xeт клиeнтa и шaxтep?  ;D ;D ;D

Moя peaльнaя идeнтичнocть xakep 459 нo вoт нa этиx фopyмax я извecтeн кaк BitcoinEXpress


~BCX~

Where's the client?

Well it certainly isn't muc of "No Pre-mine" if you set it up and mine for a week before allowing the public to see it.

Just another pre-mined alt coin, no biggie.

Bah.  Can't connect to that port from the US.  Web site is no problem, telnet to 8844 hangs forever.  Looks like it's a pretty exclusive club for now.

Not exclusive, just pushpoold problems. :(

Chain was started four or five days ago, without premine in genesis block.  :)

This chain not having a premine is excellent news.

Is there anything unusual about this coin or is it just BitCoin with a different genesis block?

Exchange is only sort of up, there's no way to deposit coins yet.

That's unfortunate.


How often does the earnings page refresh on the pool?  I've been at it for a while now (#20 producer!) and still read as 0.0000000 rewards.

Anyone know where I can find a source for the client?

My question on BTC-E:
RUC -
"Is there a client for win7?"

Answer from ccoinminer 15:52 / 17.10.11
"Work on client is in progress."

Source been released, or do we now need to trust the Russians and CoinHunter?

I am just mining for the fun of it, but it doesn't look easy to mine, difficulty is already more than 3000.

Blocks remaining to difficulty retargeting: 94

Can't connect. Why?

proxychains

what about solo mining? i haven't found the way.... yet :)

My iptables rules is emty, so I don't know  :o Please try "traceroute rucoin.itzod.ru" and publish result on pastebin or etc.

EDIT: Hm... This can cause problems. After ddos attacks on some of the resources DC could ban some addresses from there.

Are you the one running rucoin.itzod.ru ?

I am confused with the payout system, I have ~150 rucoins in rewards however that takes forever to clear and since I stopped mining I have only 10 rucoins cleared for withdrawal even though all the blocks I mined on allready confirmed.

At this rate I would only receive my earned coins in 2-3weeks ?

Are you the one running rucoin.itzod.ru ?

I am confused with the payout system, I have ~150 rucoins in rewards however that takes forever to clear and since I stopped mining I have only 10 rucoins cleared for withdrawal even though all the blocks I mined on allready confirmed.

At this rate I would only receive my earned coins in 2-3weeks ?

Hm... Quite emotional message, however. Like a commercial on TV.  ;D

It is not a Russian Bitcoin (it would be senseless), it is just another Bitcoin fork perverted for yet unknown private goals of it's creators.

I wonder how the "course stabilization" would be implemented. You'd need to put in a lot of them "paper money" into the "RUCoin monetary authority" for it to be able to do proper monetary interventions and quench panicsells.

http://en.wikipedia.org/wiki/Currency_intervention

For example.  ;)

did someone seriously invest more than half a million USD in it ?

I do realize how that works.

However, I am curious as to how the "buying" part of intervention will work.... did someone seriously invest more than half a million USD in it ?

Well there are many kinds of "crazy" people. Some of them have a lot of money. ;D We'll see what will happen in next months.  ::)

could they throw me some ?

Clipse

I've placed my own 2000 RUC's into buffer, and this sum was divided between users... For illustration of my intentions. You can see result on "Your rewards" page.

Im sure you are honest, its just even with honest setup the current payout method is just not working out. Sure the early badluck is likely the cause but at this rate using SMPPS is causing alot of headache for people atleast wanting payouts within 24hrs after earning it.

Even your 2000RUC buffer only added another 5RUC from my pending 120RUC in the last 24hrs ? This is quite sick :/

select sum(user_reward - user_payed_reward) from user_rewards;

sum
71825.420015135
1 record

Query time: 3.173 ms

At the moment, each new block proportionally divides between users, which have unpaid rewards.

if current_rewards_sum_for_all_users - paid_sum_for_all_users > sum_in_the_payment_buffer
   k = sum_in_the_payment_buffer / (current_rewards_sum_for_all_users - paid_sum_for_all_users )
else
   k = 1
end if

If k > 0.001, then
Loop until there is the users with delayed payments, and we have money in the payment buffer:
payment_volume = (user_current_rewards - user_payed) * k
user_balance = user_balance + payment_volume
sum_in_the_payment_buffer = sum_in_the_payment_buffer - payment_volume
End loop
End if

select sum(user_reward - user_payed_reward) from user_rewards;

sum
69024.6167961611

Do you have Linux 64 client or source?

Hello.  Is there a blockexplorer for Rucoin.  If not, is there interest in one?

http://img803.imageshack.us/img803/5614/rucoinlol.png

market manipulation much?

Hello BitcoinEXpress, thank you for your interest.

Here is updated linux amd64 client:

http://rucoin.itzod.ru/rucoin-linux-amd64.tar.bz2

If someone uses previous build, I recommend to update it, because block chain rules will be changed since block #8600. Updated client for windows coming soon.

P.S. Merged mining with namecoind (rucoind as master) also coming soon.

i have a question. where i can see difficulty and total hash rate? :)

Average pool speed for 30 minutes ~ 1.15 Gh/s.

Convince me

Maybe you are the Russian version of CH / RS ?

Why no other RUC pools or exchanges ?

And why should I do? :)

I'm not affiliated with rucoin project. You can ask this question to rucoin developer and project leader, alexsmf (alex@rucoin.org). I can answer only questions about my pool, or some technical questions, such as questions about setting up your own pool or questions about network. For example, I can say you, that there is no pre-mined coins. It is unlikely that users of solidcoin can say the same words. ;D

I don't know, why there is no other RUC exchange. But there is one other pool:
http://focalway.com/

P.S. btc-e.com is multi-currency excange, not only RUC/BTC. Primarily, is the BTC/USD exchange.

I sold all my SC long time ago at 0.0126 rate :)

The "10%" selected just to see how the system works. The increase of additional payments is planned for the nearest future.

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

My pool is closed now. I have been discovered 2M of pre-mined coins in the second block. Rucoin it's a SCAM, and I don't want support It.

at least open your site back up so i can withdraw my coins

Well... Pre-mine doesn't mean SCAM...

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

Thx in advance.

Anyway could u plz post here data that prove premined qty of coins? And a way how this data could be obtained.

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 4 years
    nSubsidy >>= (nHeight / 210000);
    if (nHeight == 1)
         nSubsidy = 2000000 * COIN;
    return nSubsidy + nFees;
}

You can download source code
https://www.rucoin.org/rucoin-0.401.tar.gz

and see this in GetBlockValue function:

Btw, they could change the code from "20000000000000000 * COIN;" to "2000000 * COIN;" some time ago, so there could be much more pre-mined coins.

All we need is the developer to accept this "new" version and a merged mining pool supporting it.

Shows 1 connection for about 30 seconds, then 0 connections. Doesn't download any blocks either.

merged mining seems not to work anymore since version  2.2-1711

I have been merged-mining a long long time now but still not one transaction, even an orphan, showing in list transactions.

after update - all my mined RUC since Block ~18500 are gone!

Someone was asking about them on a couple of other chains' threads so I figured since they seem incapable of using the search function of the forum I'd bring the thread up to the top so they could find it.

Also I am curious if the Ruskies are still running this, have they made any new versions (as old ones dont seem to work) and such.

-MarkM-

Any news on this one? Are the Russians still using it somewhere?

-MarkM-

Hmm that is weird, presumably there must be a working version of it someplace then, I wonder where they hide it.

-MarkM-

donst ur tar on SF work? (didnt check it out yet)

No it does not, they did some binary-only upgrade or something though I think that didn't work for me either.

-MarkM-

whoa hidden exchange on btc-e!!

They must be associated with BTC-e somehow otherwise why still host RUC trading. They've dropped other coins before trading has gotten this low.

The other discontinued coin aren't publicly listed anymore also, but if you guess the pair on the url, you can still bring up those old tickers.

A trade still happens from time to time on them too.

-- Smoov

bump

is rucoin accepted at btc-e to trade or not anymore?

Someone said customer support told them the wallets are disabled and the trade volume for ruc_btc says "0" but it shows completed trades in the past few days...

Name:   MaGNeT
Posts:   710
Position:   Hero Member
Date Registered:   June 04, 2011, 05:21:35 PM
Last Active:   October 27, 2012, 01:05:59 PM

Damn shame too, I liked RUCoin...

yup RUCoin was the same as TRC.

Start mining the new block chain and release it two weeks later publicly and call it a fair network and distribution of coins. lol

 :P

EDIT: K, to let everyone know btc-e support replied that it will be fixed by/on feb-1

kinda good news :D

Fixed...? As in "trading enabled"...?

Hm.. lets just hope
A pool that seemed good (focalway) is now down for some reason

(sorry i havent replied to your pm yet canio, i will later, but i just woke up and my eyes and brain are still sleeping lol)

So whats the latest on this coin then ? any pools for it or is their no pools yet for it other than the one that is down.

The exchange is back! BTC-e RUC exchange (http://btc-e.com/exchange/ruc_btc)

now there just has to be a working version of the daemon.

...? My rucoind works just fine...?

can you send/receive rucoins? can you mine blocks?
last time i tested it, this didnt work.

I've been mining RUC just fine for the past couple weeks, sent a few thousand to my BTC-e wallet and set-up a sell order, Everything seems to be working just fine.

I solo mine and there's pooled mining at FocalWay (http://focalway.com)

https://www.rucoin.org/download_src/ <-- google translate it
so its still binary only wich is unacceptable, russians + binary only = most likely backdoor/scam

*shrugs* I haven't had any problems with it and nobody in the RUChat seems to have had any problems with it, I run MSE, Spybot S&D and Norton Security Suite regularly no signs of malicious software found in relation to it...

I'm satisfied enough that it's safe to use...

*shrugs* I haven't had any problems with it and nobody in the RUChat seems to have had any problems with it, I run MSE, Spybot S&D and Norton Security Suite regularly no signs of malicious software found in relation to it...

I'm satisfied enough that it's safe to use...

is it a scrypt coin? like litecoin?

There are already buy orders at 0.1 BTC per RUC and the chain hasn't even started yet. The exchange claims to be partners with the chain. Maybe it's the same people. Would be easy to insert fake buy and sell orders to promote the chain. "Oh look, people are buying this stuff like crazy! I should start mining it or buy them with all my BTC!"

is it a scrypt coin? like litecoin?

no its sha256d and MM

No, it is scrypt AND sha256d

so thats why the source dosnt work, is it still MM capable?

That I do not know, but I'm sure it wouldn't be too difficult to modify the daemon. Have to ask the coin's creator, which I'm not sure who that is, lol...

if you get in contact with them (in case you can speak/write russian), can you ask em to publish the new source?

How long does it take for the chat registration to get verified? I have just registered on there now.

How long does it take for the chat registration to get verified? I have just registered on there now.

EXTRA FEATURE: in 2011 October the creator of RUC premined the fuck out of it and likely has since.

 :D :D :D

The downloads section seems to only have a windows setup exe, no sign of source code so it can be built for other platforms?

Also it seems to be a -qt, no sign of the daemon.

-MarkM-

Most people think this coin might be dead but the Dev's have just released a new client with even more features. pre-mined coins and no source-code.

WHy would anyone be interested in a coin that had a pre-mine, was pumped and dumped and still doesn't release source-code?

Obviously those behind the scam venture would like to sell off the rest off the pre-mine but why on earth would anyone want to buy them?

If the source code is released then I guess no harm mining it and dumping the mined coins on BTC-E if it makes more than mining something else - but there's no reason to believe it's anything other than an attempt to pump and dump more premined coins.

Because it offers sha256d AND scrypt mining with separate difficulties depending on the hashrate of the networks for each algo offering a level playing field for cpu AND gpu miners, it has chat built right into the client, has the btc-e chat box built into the client, btc-e trade stats built into the client, network stats inside the client GUI. It has features that make it appealing.

Pre-mined...? So what...? Bitcoin was in it's third year by the time I found it, people had already mined the f*** out of it, I couldn't even mine a single coin per day, yet here I am mining away on Bitcoin which was never publicly announced before it's release and which openly admits in it's own wiki that Satoshi and his friends were using the program amongst themselves before thy ever thought to share it with the world. What does that mean...?

Yup... PRE-MINE...

And remind me when did BTC get pumped/dumped then stop being supported for ages?

I can get BTC-E chat and trade stats from the BTC-E site without supporting the 2nd run of a pump-and-dump scam currency.

There's a difference between mining coins over a few years of developing the software from scratch (having invented the implementation in the first place) and awarding yourself a huge chunk of coins in the genesis block of a copy.

But no problem - so long as everyone remembers what happened last time: massive dump followed by the currency basically vanishing for ages.  Just don't get caught actually holding them this time - sell them as you mine them.

As the saying gos:

Fool me once - shame on you.  Fool me twice - shame on me.

Plenty of fools around here, unfortunately - who will fall for the same thing multiple times even if run by the same person/group.

Because it offers sha256d AND scrypt mining with separate difficulties depending on the hashrate of the networks for each algo offering a level playing field for cpu AND gpu miners, it has chat built right into the client, has the btc-e chat box built into the client, btc-e trade stats built into the client, network stats inside the client GUI. It has features that make it appealing.

Pre-mined...? So what...? Bitcoin was in it's third year by the time I found it, people had already mined the f*** out of it, I couldn't even mine a single coin per day, yet here I am mining away on Bitcoin which was never publicly announced before it's release and which openly admits in it's own wiki that Satoshi and his friends were using the program amongst themselves before thy ever thought to share it with the world. What does that mean...?

Yup... PRE-MINE...


Redundant... See answer above.


There's plenty of programs that we all use on a daily basis which we have never seen the source code for because it is simply not available, not every software in the world is open-source and just because it's not open-source doesn't mean it's malicious.

Make back-ups like your supposed to, store your coins in off-line wallets, run A/V software, anti-malware software and maintain your computer like your supposed to then even if something does turn out to be a virus the effects will be null to minimal.

Wow so they took a pumped and dumped premined coin and put a chat feature into it as well as allow you to do Scrypt and SHA256 mining.

Hmm Scrypt uses SHA256  and oh why have two mining algorithms? Why not just mine SHA256 because it is less memory intensive?

And all those premined coins....yeah...fuck that shit.  :D

They use the separate algo's to protect the pool from >51% attack (see my last post with the pretty pictures, luke-jr couldn't kill this chain if he tried) making it the ONLY chain safe from >51% and with separate difficulties cpu AND gpu miners have equal opportunity at finding every block.

Thanks for playing have a nice day...


In other news, they updated the client and you can now buy/sell your RUC/BTC straight from the client.

They use the separate algo's to protect the pool from >51% attack (see my last post with the pretty pictures, luke-jr couldn't kill this chain if he tried) making it the ONLY chain safe from >51% and with separate difficulties cpu AND gpu miners have equal opportunity at finding every block.

Thanks for playing have a nice day...


In other news, they updated the client and you can now buy/sell your RUC/BTC straight from the client.

I mean, very cool idea with the 2 algos. But it's a pump and dump clear through. Maybe not dump as in kill-it-dump but there is an enormous premine that is just waiting to pick up the BTC of the naive.

the linux version is the daemon, still no source, so nty (VM only)

Why so many haters in here for Rucoin? The client offers different and impressive features and for the first time offers a system to reduce 51% attacks.

Seems like a very stable and secure coin.

If you can read Russian, you will know that there main goal with this coin is for it to be stable and not it being about how much it might be "worth".

Bitcoin is "worth" a lot right now but it is not stable from a trading point of view at all.

So you have to install some specific version of some specific flavour of linux into a virtual machine in order to get it to run?

Where do you even get it itself? Does it include a whole VM image with all the right versions of all the dependencies or something like that?

I have to compile all the coin types myself because I use Fedora, and Fedora does not include elliptic crypto in its openssl, so I have to make a custom version of openssl that I compile specially to provide the elliptic curve stuff. Installing a virtualisation system and running a virtual machine seems like overkill security, how likely is it that running it as user "ruc" with no access to other usernames' blockchains and wallets could give it access to other coins' wallets?

-MarkM-

With regards to pre mining, even if you mine a few million coins, is nothing compared to the amount of coins that can be mined given enough time.

Seems like a very stable and secure coin.

If you can read Russian, you will know that there main goal with this coin is for it to be stable and not it being about how much it might be "worth".

Bitcoin is "worth" a lot right now but it is not stable from a trading point of view at all.

According to the website (https://www.rucoin.org/download_src/), source is here (https://www.rucoin.org/rucoin-0.401.tar.gz). I haven't tried it but the source does include scrypt stuff so I'm assuming it's a recent version. Can anyone confirm?

Does anybody know why BTC-E keeps the RUC to BTC link hidden? Its not exactly hard to find (just google 'ruc to btc')

Is Rucoin dead?

isnt that your coin?

I once trusted alexsmf and helped him by providing the first and biggest RUC mining pool. It was my biggest fault ever. But I closed my pool immediately when discovered 2M of premined coins in the block #1.

Are you joking? Or you think that there are only idiots?

Unlike you, I have and publish proofs for all what I'm saying.

Also you need to know, what I am author of this message. Btc-e simply published it due to my request.

LOL!!! You have not demonstrated any so-called proof that I have seen...

http://en.wikipedia.org/wiki/Cotard_delusion

has it's own in-client chat ... and it is the only client with btc-e trade built directly into the client.
....
I believe it is the best client currently available.

It is closed-source which the devs say they are keeping it closed source for the time being because they are not finished developing it and don't want to release the code until they are sure the client is 100% safe from security and network vulnerabilities.

Why do you think the client is what dictates what the coin is? Anyone could implement the same features into any other coin client.

Rucoin may come back, its just that BTC-E took it on and then threw it away.

That will never help a coin, makes people think it is dead.

Does anyone know where i can download a working client for rucoin? Updated? Thanks, 5mil

BTC-e has carried RUC twice and removed it twice. Both times due to low trade volume because no one knew what RUC was and others assumed RUC was the same as RUR.

I think at this point enough people are mining RUC and I think enough people would trade in it to make it a feasible addition to an exchange.

How am I supposed to get enough RUC to make the cell? I'm so confused but it seems you can't mine unless you already have coins?

anyone have a basic table comparing coins and their advantages disadvantages, invention date, creator etc.

I know there's a mining profitability calculator here:
http://dustcoin.com/mining

Hello. I am the owner of russianbitcoin.com and I have decided to sale this domain or even lease it. also I am interested in developing an exchange website where you can sell bitocoins for rubble in russia.  If anyone is interested, you can PM me with any project ideas you might have and we can make some profit share with this.

So anything going in in the world of Rucoin or is this now sunk again?

revival?