Bitcoin Forum
June 22, 2021, 07:08:38 PM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][MCN] MonetaVerde CryptoNote based. Merged mining. ASIC friendly on: November 15, 2018, 10:17:25 AM
    MonetaVerde (MCN) |

    Moneta Verde (it) means "green coin":
    this coin uses already existing mining resources (Merged Mining)
    and it's supply is regulated by mining community.

    Launched June 17, 2014


        - block target - 60 seconds
        - block_reward = log2(difficulty) * 240 [1]
        - difficulty retarget every block
        - CryptoNight PoW
        - merged mining with any CryptoNight-based coin [2]
        - total supply: infinite

    [1] - Moneta Verde is the first cryptocoin with blockreward increasing together with difficulty.
    Block reward formula is a fixed point implementation of log2(difficulty). This means that block reward increases much slower than difficulty: for 1 coin to be added to block reward a difficulty must be increased twice. This rate looks to be reasonable.

    The goal is decline in deflation. The less the deflation the more it is profitable to save up some MCN. Deflation ruins the usage of cryptocurrency as a legal tender. I suppose the deflation wouldn’t be gone entirely but will decrease significantly.
    And the infinite emission is the outcome of a positive feedback, it is not an end in itself.

    [2] - Merged mining works like this: you have two totally separate block chains, they are not related in any way nor does either contain any data from the other.     When you mine you generate hashes that may be the solution to the current block, this is very very improbable per hash, its like a lottery where everyone generates tickets until someone finds the winning one.

    Normally you make tickets and check them against the BCN/XMR/INF8 or other CN coin block chain to see if they are the solution. With merged mining you create a ticket and check it against both the any CN-based coin block chain and the MonetaVerde block chain,  CN based coin and MCN know nothing about each other, they are two totally different lotteries with different winning numbers, you just sent a copy of your ticket to both. Since you are sending the same ticket to two lotteries you increase your chances of winning one or the other.

    Coins remain totally separate, you simply run both the MonetaVerde and oter CN coin clients on the same machine and submit hashes to both networks. If your hash is the solution to the Monetaverde block you get monetaverdes if you hash is the solution to the other coin block you get both coins. It's exactly like if you where mining on just one network, except you submit the same work twice.


    Pools: (INF8 + MCN merged mining)

    Block Explorer:

        Finexbox -
        FirstCryptoBank -


        Original Announcement:

   Donation addresses:
        BTC address: 1GX8nogxvV6Trte4nx25J7VUQ9r9EfF4NB
        LTC address: MMDnmFYL4sArMw6jDx6K3gJFwoihbCkrCj
        DOGE address: DEGyxpcGVZwWHEKTUH9yaYyNqoDi3xdjx7

Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!