I have created a thread to help organize bounties for important Cryptonite projects:

Cryptonite bounty thread - ideas and donations for important projects

Cryptonite has made good progress in the last few weeks since launch, but we are still lacking some vital components required to enable a thriving and fair economy around Cryptonite. Hence, I am starting this thread to help organize the funding for important project bounties related to Cryptonite. It takes money to get things done quickly, and unfortunately we don't have the time or money required to develop and fund all of these projects ourselves, so we must seek help from the community.

You can help fund the development of new services and tools for Cryptonite by donating to any of the addresses listed below. If you do make a contribution, I highly recommend that you make a post in this thread specifying how much you donated and what type of project you would like to fund. If a similar project bounty does not already exist we will create a new one for you. We will try to be as transparent as possible in how we use these funds but we can't give refunds after a bounty has been paid out.

Bounties

Open source pool software with Cryptonite support: 0.134 BTC raised

Open source GPU miner for AMD cards with M7 support: 0.034 BTC raised

Donate

XCN: CHWnXQ9icLVoVKxgw49riHo6EwLC1fCR64
BTC: 13dnPQ5VMwkju81wd1Zu8c6uHFiFJazegz

Ok well some of the guys on IRC spent a few days compiling a GPU miner binary for Windows and it looks like they finally got it to work. Can't guarantee it will be bug free or work as well on Windows, but give it a try and see how it goes.

Download Link:
https://www.dropbox.com/sh/56lnq52g4gny0m0/AADMJa2QTMSSc4g9gx1BfWIla

I will set up a thread soon so we can collect funding for important project such as an AMD miner and good open source pool software, and other projects people feel are important. People can also help the Cryptonite economy expand by accepting XCN as a form of payment. A decent payment gateway for XCN could also be quite profitable.

Sorry guys, forgot to include coinbase fix for recent transaction feed in last upload. I have reuploaded the correct version of 1.0.1, so download it again if you downloaded before I made this post. If you're already running 1.0.1 then the only file you need to update is /inc/themes/default/tranlist.inc.php or /inc/themes/slimline/tranlist.inc.php if you're using the slimline theme. If you're not using the coinbase API you don't really need to apply this fix but the code for the transaction feed was improved a bit and it might work better now if you're having problems with it.

Well the switch seems to have gone rather smoothly, I'm not seeing many issues, and we are now fully operating in "pruned mode", meaning any new node that joins the network will only need to download the last weeks worth of blocks (10k blocks) in order to sync and become a full node. Of course they also need to download the "account tree", but that's still 136kB in size and is expected to grow very slowly.

Login to admin area and go to Settings->Main Settings and make sure your install directory is set to "/" (a single forward slash without the quotes). Also check the SCI Settings and make sure the SCI directory is set to "sci/" (again without the quotes).

BitShop v1.0.1 released. Contains a few small bug fixes and improvements and several important fixes related to the coinbase API code. If you are using the coinbase API for processing transactions it's highly recommended to update to this version.

Upload your debug.log file to mega or something so we can take a look at it.

Important News

Sorry for the late notice, but everyone should try to update to revision 14080613 or later before 11:20pm UTC on the 10th. You will most likely have problems syncing after this time if you're running an older node. Old nodes already synced to the network should continue operating normally but we're not entirely certain and cannot guarantee anything. It is highly recommended to update as soon as possible to avoid any such issues.

On the issue of wallet corruption, it looks like it can occur if Qt is shut down while it is syncing, so try to avoid shutting down your client mid sync at all costs. If you upgrade to the latest revision you shouldn't have many problems syncing but if you're forced to restart during the sync stage then backup your wallet before shutting down. If you've already lost your wallet due to corruption I don't think there's much we can do about it.

EDIT: corrected time

At the end of the day you are right, we probably should have went with an existing PoW algorithm instead of creating a new one, but at the time we had good reasons for doing it that way and it seemed like a good idea. But it was a sub-optimal design decision, and if I could turn back time the one thing I would change is the PoW algorithm. But it's done now and we can't change it, so I don't know why you have to rant about it for 50 pages. I think we have got the point by now, you don't like new PoW algorithms. It's not like it's the end of the world, the long mining period will do much to offset any big miners in these early stages, and the private GPU miners will be made publicly available soon enough. All new PoW algorithms take time to be optimized, and complaining about it isn't going to get it done.

There was probably some sort of problem with the shutdown even though it may not have looked that way. Have you tried the latest revision released a few hours ago? Try running -resync and if that doesn't work delete your Cryptonite data folder completely and then once you're fully synced shut down Qt and replace the new wallet.dat file with your old one and also delete the db.log file.

lol they just described the mini-blockchain scheme, and they even used words like "account tree" and "proof chain". They just copied text straight out of our wiki and act like it's their idea. That is 100% proof NUD is a scam. Their comment at the end is ironic, considering they have not yet implemented anything and we actually have something to show for our research and effort. People should avoid this NUD scam at all costs.

A half decent GPU miner has been created:
https://github.com/MiniblockchainProject/CudaMiner

There are several things to keep in mind 1) it is designed to work with 700 series nVidia cards but should work on 400 series cards if you change the make file 2) for now you will have to compile the GPU miner yourself for various reasons, we will try to post pre-compiled binaries when they become available.

See github project page for more information about usage and compiling.

You have outgoing connections so I don't think it could be firewall issues, but maybe check just in case. Few things to try if doesn't come good after a few minutes: make sure you're running latest revision and try running -resync or just delete your data folder (make a backup of it first if you have any coins).

Thank you for that extremely informative post watuba! I created two of my own graphs which show how things will progress over a period of 100 years. Keep in mind that the block reward wont actually drop to 0 for several hundred years, but as watuba's graph demonstrates, most of the coin supply will have been mined after 30 years, and after 80 years the block reward will be below 1 XCN. The other thing to keep in mind is that all block rewards come out of the coinbase account, however coins can be provably destroyed by sending them back to the coinbase account, allowing the coins to be remined. The block reward at any given time really depends on the balance of the coinbase account, so these charts probably aren't exact, but they are good enough approximations.


EDIT: just noticed a small error with 2nd graph, the block reward actually starts at 243.1 not 243.01

LOL everything about this coin is unproven and highly experimental. We designed an entire CRYPTO-currency here, the PoW algorithm should be the least of your worries, it's probably the most trustworthy aspect of the coin compared to all the other new ideas implemented in this coin.

Obviously there is no easy way to prove it's not us, but if you've been following development of the GPU miner on IRC and other threads here, it's pretty damn obvious we don't have one. I bought the majority of my coins on Bter in fact. And lets just assume that's not true, in reality it doesn't matter much at all because we're only a week into mining and it takes 10 years for half of all coins to be mined. Only a very small fraction of all coins have been mined so far, and the GPU miner should be ready very soon. There is more than enough time for more people to start mining and offset this one large miner.

There were several good reasons actually. We started off by looking at existing PoW algorithms and we thought about using a PoS hybrid or a memory hard algorithm but ultimately decided to just stick with the multi-hash approach used by Quark and similar coins because we felt that was more in line with the original ideals of Bitcoin and it was much easier to implement with the limited time we had. However we didn't feel like the existing multi-hash PoW algorithms were great, they used unknown and even obsolete hashing functions just so they could claim to use a greater number of hashing functions. We wanted something which placed emphasis on quality of hash functions and not quantity, and something that could not instantly be adapted to GPU miners so that average desktop users had a chance to mine the coin before the big GPU miners began to dominate everything.

Right... go ahead, reduce the coins to 2 million, have them all mined within a week, premine it to the shit, but it's not a scam because you have a GPU miner available at launch. If we wanted to make a nice healthy return on the immense amount of effort we put into this coin we would have simply premined it, and it was a very hard decision to go with no premine because I've spent a lot of money out of my own pocket on this coin. In all honestly we could have done a rather large premine like MOST coins do and people wouldn't be complaining as much as they are about having no GPU miner at launch. Whoever has that huge amount of hashing power might have created their own private GPU miner but we have no damn GPU miner, but catia has been working on one for the last few days and it should be available soon. You guys have no appreciation of anything we've done here and I'm sick of it. Go create your own fork of Cryptonite because I can't stand to listen to your whining any more.