Launched
Technical Specifications / Information
Proof-of-Work Mining Algorithm: DropLP
Blocks 0 - 160: Reward increases linearly from 0.0 - 10.0 coins.
Block Time: 61 Seconds
Transaction Maturity: 12 Blocks
Coinbase Maturity: 161 Blocks
Block halving occurs every 172,328 blocks (approximately four months).
Estimated time until block reward reaches zero: 7 1/4 years (roughly 87 months)
Total coins mineable: ~3.62 million +/-5%
Proof-Of-Knowledge (PoK) Mining*
tl;dr When a block is mined with PoK enabled, the block reward is increased by a certain percentage. For Dropcoin the bonus is set at ten percent.
Mining
With the Qt wallet:
Open wallet and click on the Mining tabor
With daemon:
dropcoin-cli setgenerate trueccMiner Source:
Git RepositoryccMiner Windows:
ccminer.zipcpuminer source:
Git Repository (curtesy of
kernels10)
Note: cpuminer currently does not work with PoK and is not significantly faster than the in-wallet miner. In other words, unless you see a hashing speed increase of over 10% you are better off mining using the wallet with PoK enabled.To mine using cpuminer or ccminer, your dropcoin.conf file needs to contain:
rpcuser=someusername
rpcpassword=somepassword
rpcport=29019
rpcallowip=127.0.0.1
server=1
usepok=0
daemon=1
Replace "someusername" and "somepassword" with whatever you like.
The 'rpcport' parameter is optional and will default to port 29019 if not set otherwise,
and 'rpcallowip' should be replaced with the IP address of the computer running cpuminer.
To run cpuminer on *nix based systems:
./minerd -o 127.0.0.1:29019 -u someusername -p somepassword
To run cpuminer on windows:
minerd.exe -o 127.0.0.1:29019 -u someusername -p somepassword
To run ccminer on *nix based systems:
./ccminer -a drop -o 127.0.0.1:29019 -u someusername -p somepassword
To run ccminer on windows:
ccminer.exe -a drop -o 127.0.0.1:29019 -u someusername -p somepassword
Development / Roadmap(in no particular order)- Website
- Block Explorer
- iOS Wallet
- Android Wallet
- Secret Item #1
- A real roadmap
- Some type of master node implementation
- Mining Pool(s)
- Catch up with the latest Bitcoin Core code
- [ more to come ]
Services & Exchanges ALCUREX is an cryptocurrency financing company registered in Finland. Business ID: 2612007-8 FINLAND - We know your coin ticker is DROP, but because it's illegal word in database field and commands, we decide to use DRP with your coin.
Development Donation Address: DhaxBo4rDkkghMz9m5JxS5QXzSebjVxM1W
* | A much better explanation than I am willing to write, given the time I would be willing to spend writing it. |