Quick dataName: KibiCoin
Symbol: KIC
Type: PoW
Based on: Litecoin 0.10
Algorithm: SCRYPT
Initial reward: 150 KIC/block
Halving: every 4 years
Block time: 2.5 minutes
Diff retarget: 3.5 days
Default port: 25333
PRC port: 25332
Announcementhttps://bitcointalk.org/index.php?topic=1660419Poolhttps://hash-to-coins.com/http://www.mining-dutch.nl/https://prohashing.com/Block explorerhttps://prohashing.com/explorer/Kibicoin/Exchangehttps://novaexchange.com/Websitehttp://www.kibicoin.org/Sourcehttps://github.com/KibiCoin/kibicoinWindows wallethttp://www.kibicoin.org/downloads/kibicoin-wallet.zipUbuntu build instructions and videohttps://github.com/KibiCoin/kibicoin/blob/master/doc/build-ubuntu.mdhttps://youtu.be/jyhwvIEjcl4Social mediahttps://www.facebook.com/KibiCoinhttp://www.youtube.com/c/KibicoinOrghttps://plus.google.com/+KibicoinOrghttps://twitter.com/KibiCoinHow much has been premined?Planned premine: 4000000 KibiCoin (1.56% as seen in increased block reward for block #2)
Actual premine: 6419200 KibiCoin (2.5%, see explanation below)
Why was there more premine than expected?Initial mining difficulty was set to the same value as for litecoin and that is far to low to start with today. To correct this we mined 16128 bocks.
Why 16128 blocks and how much more premine did this cause?Difficulty retarget happens every 2016 blocks (3.5 days/retarget times 24 hours/day times 60 minutes/hour divided by 2.5 minutes/block).
Every retarget can increase diff with not more than a factor 4. Therefore we had to mine 16128 blocks for 8 retargets to happen to bring difficulty to 16.
We had already calculated for a premine of 4 million KibiCoin, all mined in the second block as you can see in the source code.
Because of this unplanned additional premining to get a reasonable diff we instead have 4000000 + 2419200 = 6419200 KibiCoin premined.
Why do you have premining?All premining was used for coin swap at Novaexchange or was destroyed by being sent to a Proof of Burn address.
Swap 1, Aricoin v1: 103,625,000 ARI was swapped at ratio 25:1 to 4,145,000 KIC
Swap 2, Aricoin v2: 85,500,000 ARI was swapped at ratio 100:1 to 855,000 KIC
Remaining 1419200 KIC from premine was sent to Proof of Burn address LLLLLLLLLLLLLLLLLLLLLLLLLLLLM5jB83
All swapped Aricoins was also sent to Proof of Burn addresses as you can see in block explorers below.
https://prohashing.com/explorer/Aricoin/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/https://prohashing.com/explorer/Aricoin2/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/Nodes (if needed)We have used two methods of including seednodes in the code, but if you still get problem with no connections then you can try adding the ones below.
addnode=31.148.219.50
addnode=69.73.113.146
addnode=78.70.227.72
addnode=82.30.11.101
addnode=88.99.68.228
addnode=88.206.141.110
addnode=92.51.46.40
addnode=98.115.147.74
addnode=185.16.41.61
addnode=193.34.160.72
addnode=194.1.233.105
addnode=194.132.222.127
addnode=217.175.119.125:8260
addnode=217.175.119.126
addnode=217.175.123.184
addnode=217.175.123.185
How many KibiCoin will ever be created?Litecoin was first built based on bitcoin source code. They decided to make total max supply 84 million, 4 times more than bitcoin that has a max supply of 21 million. We are trying to make KibiCoin a "third level" of value corresponding to bronze if bitcoin would have been gold and litecoin silver. KibiCoin max supply is 256 million about three times the max supply of litecoin. So the max supply numbers in order are 21 million bitcoin, 84 million litecoin and 256 million KibiCoin.
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