Welcome back to Independent Mining!
This coin is for everyone with a normal PC or server wanting to mine without being obliterated by Corporate Data Center ASIC based mining!
What is IMAcredit?
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IMACredit is focused on creating a truly ASIC free and GPU resistant crypto coin. It accomplishes this goal by utilizing the N-Scrypt algorithm with a much bigger N than any other coin to date. At launch, N=16. This is 2 higher than the latest ASIC technology will support and high enough that current graphic miners will crash with stack overflows. e.g. This is a CPU only targeted coin.
What is the Independent Miners Alliance?
Well, honestly, its the name of one of the four factions in the upcoming game "The Crypto Void" by 1BillionHash. However the name also reflects the goal of having a coin that is independent of the big corporate data center driven coins like Bitcoin and the popular Scypt based coins.
Key Stats:
Launched on 9/1/2014
256 second (~4.3) minute block targets
16 coin payout per block
No half life
subsidy constant for life of coin
~92B coins (limit of 64 bit math)
Every block to retarget difficulty with Kimotos Gravity Well algorithm
ZERO pre-mine, ZERO special blocks, no IPO, nothing hidden, RAID RESISTANT
As mentioned on the Home page, IMACredit is designed to be CPU bound - a coin for the masses.
Due to its high N factor, each hashing process will require 16MB of memory. Nothing significant for today's PCs, but an absolute killer for ASICs. Early testing has also found IMACredit to resist GPU usage, with sgminer crashing due to a stack overflow within minutes. This testing also shows substantially smaller khash rates than most have gotten use to: Where bitcoin ASICs are measured in GigaHash, and scrypt ASICs are measured in 10s or 100s of MH, and GPUs generally deliver 100s of KH, IMAcredit's wallet will hash in the 10-100KH range.
Let us be perfectly clear: This is a coin for the masses, designed to require large numbers of users to meet its block time target. No handful of users will be able to dominate this coin. Until N-Scrypt mining code like sgminer implement fixes GPUs and Pool mining will not make sense. Pool mining may never make sense - this code is designed to be run from the wallet!
Hashing Algorithm: N-Scrypt, initial N=16. Codebase tested through N=20 representing 7 generations of ASIC's to come and expected to work at higher Ns. (for the coders out there: Heap based scratchpad allocation vs. the typical Stack based which would break at N=15)
Difficulty Algorithm: Kimoto Gravity Well, with Time Warp Patch
Source:
https://github.com/IMACredit/imacreditWindows Wallet:
http://www.mediafire.com/download/1vzyh5h0dg5bljh/imacredit-qt.exe If you do not setup a imacredit.conf file, please make sure you use the Console window and "setgenerate true".
MacOS Wallet: not currently available
Linux Wallet: Build from Github source for maximum compatibility
Block Explorer:
http://ima.thedigitalmint.org/Pools: NONE BY DESIGN - Download your wallet and mine with it
Ports:
Listen: 64097 (54097 for testnet)
JSON-RPC: 64096 (54096 for testnet)
Sample Configuration file (completely optional for Windows users)
rpcuser=<yourname>
rpcpassword=<some very random long password>
listen=1
gen=1
Like all high quality coins, IMACredit maintains an active DNSSEED network. You should NEVER have to specify addnodes. All wallets should work upon launching.
Social: IRC Freenode: #imacredit Developers Twitter Account: @YACCoin
Game: 3rd coin in "The Crypto Void" by 1BillionHex, but totally usable outside of the game
Website:
http://www.imacredit.orgOther information:
IRC is NOT used by the codebase for anything (unlike many coins)
UPnP is disabled for your protection!
Development team: The same folks that brought you YACCoin and 1Credit.
