Thank you Banzai!

Yes it was a porject of Keesdewits'.  I think the popularity of his other coin forced him to concentrate on the other coin.

The blockchain is still active over a year later, so the project I have planned should be a good platform for this coin.

Restarting from Block 1 would defeat the purpose of blockchain technology.

I am taking an abandoned coin and using it in a new project.  There is nothing really new in this coin, yet.  I needed to get the new wallet with the fork to reduce the mining reward before the coin supply was reached.

Once a PoW coin reaches the max supply, the coin and its blockchain will stop from a lack of interest and mining reward (something that people are running models and simulations for Bitcoin for a while now).  The coin is a pure PoW and I want to keep it that way, while I develop a project to use the coin.

The big thing I needed to do was get the fork in to change the PoW reward.  A long story that will be explained soon but not today.

The new wallet with a newer codebase is out to support the fork.  

The bounties will be coming when the project is ready.

I have no premine from this coin.  This coin has been traded on YObit for the last year and there are pools that have supported this coin.  The coins I hold are from mining with about 1 MHash Scrypt miners, so not a lot of power.  I have also bought XMINE from the YObit exchange.

The developer that originally launched this coin may still have the pre-mine from block one (84 000 XMINE) but I really don't know or care.

This coin did not get a fair launch.  It was abandoned about a month after launch in 2015.  I kept the blochchain going in the beginning of 2016 for a specific project.  I am only getting to the project now...

Stay tuned, I promise something different.  This is not a coin project, but a coin used in a project.

More bounties to come as the project develops.

NOTE: preference for services goes to members with a higher status than Newbie.

RESERVED 2

RESERVED

NEW 2017-01-27:
- Update to version 0.10.5
- Update checkpoints
- Moved back hard fork of PoW reward changes to block 720k

2016-12-20:
- Updated to Core 0.10.4
- Updated checkpoints
- Updated seed nodes

About
MineCoin is made with love for miners. More and more coins these days are proof of stake only. We love our great miners that do the hard work to keep a network fast and secure. We should all realize that thanks to miners your transactions get confirmed and your coins are transfered fast.

As offensive we created MineCoin that allows only miners to earn coins through proof of work. MineCoin uses the good old Scrypt algorithm. The Scrypt algorithm has proven itself over many years and is one of the most friendly algorithms available.

This coin is all about having fun and earning coins with mining. Our goal is to be a commonly accepted currency with the advantage of a fast and secure network thanks to our miners.

In the beginning this coin will be tradable on Yobit exchange and will later be added to the major exchanges like Bittrex. Yobit needs about 2 days to add to coin, so please be a little patient. Meanwhile you can start mining and earn new MineCoins.

Please do not go mad and post all these negative messages. We are here to have fun and that is what this coin is all about. be friendly and polite to each other! We hope for some support of the community and to start off we have added some bounties.

Coin specifications
Symbol: XMINE
Pure scrypt Proof of Work coin.
84 Million coins available.
Block reward 100 XMINE up to block 720 000.
Block reward changes to 10 coins per block at block 720 000.
Reward reduces to 1 coin per block at block 1 000 000.
30 seconds block time
RPC Port 42512
P2P Port 42511

---

Wallets
Windows Qt: minecoin-qt-0-10-5.zip  ( SHA256: e07eaff74e56383c48314c1605d1f29290752850c7e059943b1dc79b701be2ea )
 VirusTotal: https://www.virustotal.com/en/file/e07eaff74e56383c48314c1605d1f29290752850c7e059943b1dc79b701be2ea/analysis/1485555083/

Windows daemon: minecoin-0-10-5.zip

GitHub: https://github.com/midnight-miner/minecoin-dev/

Mining pools



Exchanges




Later on all major exchanges like Bittrex

Bounties
10000 XMINE for a nice logo design
50000 XMINE for a android wallet
10000 XMINE for paper wallets
10000 XMINE for compiled Mac wallet

Example MineCoin.Conf
listen=1
server=1
daemon=1
rpcuser=<An very long username>
rpcpassword=<An incredible strong pasword>
rpcallowip=127.0.0.1

Where to put the MineCoin.Conf file?
Windows   %AppData%/MineCoin/minecoin.conf
Linux   $HOME/.minecoin/minecoin.conf
Mac OSX   $HOME/Library/Application Support/MineCoin/minecoin.conf

Happy mining

IF YOU ARE RUNNING A MINING POOL or SOLO MINING XMINE

Here is the link to the latest code for the wallet:

https://github.com/midnight-miner/minecoin-dev/tree/minecoin-dev-0.10.x

The code is stable and I will be merge it into the stable release.

The fork will occur at block 700k, so please update your wallet before then ( a week or two).

I will update my seed nodes and have a windows wallet available in the next few days.

There has got to be some good news somewhere in FLY-land!

It maybe because ppl are cashing in Altcoins to sell BTC against FIAT (USD or EUR) but that only works if BTC will eventually drop again.  It is looking like the days of sub-700 USD BTC is long gone.  For those of us that have kept our assets in crypto, we have kept our value.

Looking forward into the coming months, DMD is an absolute steal at the current prices!

Don't want to see you banned from your own forum for cross posting. 

FLY is your baby... anything else is extracurricular activities (flings). 

In defense of the performance lately, this state of trading is the same through the most of crypto.  The Ethereum scandals have sucked a lot of the momentum out of non-Bitcoin markets.

I don't believe cranking out unstable development code is a way to attract new investments into crypto either.  pc888 is keeping you in the loop that things are happening in the background, and some newer and interesting things are coming.  The platform shift that is needed, will happen, and it should happen in the first release.  Not 10 different wallet updates to achieve the same.

Bata still has a lot of potential ahead of it.

... and Newbie troll posts carry as much weight as the number of posts on their status.  near zero.

Is this thread about FLY or some other coin?   

I'm thinking, time to sell the rest of that ETH crap and go back to the more mature DMD!

Here is a glimpse of my proposal for the implementation of the BATA PoS model.

The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins.  Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.

The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period.  This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin.  If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value.  This is what occurs with the majority of now dead PoS coins.  Sitting in wallets staking and not much more, hoping for something of value to occur.

In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.


... to be continued in the white paper updates 

Have to say, it's nice to see the SuperFly bonus multipliers showing up more often!

I have a Block Explorer running for TopCoin v3 available here:

http://top.midnightminer.net/
http://topcoin.midnightminer.net/

Also this node should be available for connections: