[ANN] Vcoin sha256 pow

[chrisvl]

1000000000 coins ?!!  

Yes

[jc12345]

1000000000 coins ?!!  

Yes

What was the block time again?

[glen123]

1000000000 coins ?!!  

Yes

What was the block time again?

Est. Avg. Time per Round (Pool)    16 seconds

;-)

[jc12345]

Nevermind, it is 30s. That means 2,880 blocks per day = 144,000 coins per day = 52,46m per year. Without halving it will take 20 years to get to the max supply so that seems an irrelevant number.

[samspaces]

The way it is now, this creation has an auto-destruct in 20 years, since the block chain won't be moving after that. Sure, likely this won't be around in a few weeks or months but still, built in longevity should be part of any coin. You could update the build to include subsidy halving.

[jc12345]

The way it is now, this creation has an auto-destruct in 20 years, since the block chain won't be moving after that. Sure, likely this won't be around in a few weeks or months but still, built in longevity should be part of any coin. You could update the build to include subsidy halving.

There seems to be halving

Code:

static const int64 nStartSubsidy = 50 * COIN;
static const int64 nMinSubsidy = 1 * COIN;

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = nStartSubsidy;

    // Mining phase: Subsidy is cut in half every SubsidyHalvingInterval
    nSubsidy >>= (nHeight / Params().SubsidyHalvingInterval());
    
    // Inflation phase: Subsidy reaches minimum subsidy
    // Network is rewarded for transaction processing with transaction fees and 
    // the inflationary subsidy
    if (nSubsidy < nMinSubsidy)
    {
        nSubsidy = nMinSubsidy;
    }

    return nSubsidy + nFees;
}

And it looks like halving every 100,000 blocks, with a minimum of 1 coin in the end.

Code:

CMainParams() {
        // The message start string is designed to be unlikely to occur in normal data.
        pchMessageStart[0] = 0x05;
        pchMessageStart[1] = 0x05;
        pchMessageStart[2] = 0xb5;
        pchMessageStart[3] = 0x05;
        nDefaultPort = 5530;
        nRPCPort = 5531;
        bnProofOfWorkLimit = CBigNum(~uint256(0) >> 20);
        nSubsidyHalvingInterval = 100000;

[helloword2013]

I have compiled vcoin-qt.exe and run a virscan but says PUA.Win32.Packer.PrivateExeProte-15
http://r.virscan.org/report/9bae2dc0b6b577758a01ec8bd240317a

[samspaces]

I have compiled vcoin-qt.exe and run a virscan but says PUA.Win32.Packer.PrivateExeProte-15
http://r.virscan.org/report/9bae2dc0b6b577758a01ec8bd240317a

PUA stands for potentially unwanted application, so low priority.

There seems to be halving

In that case, I haven't said anything.

[jc12345]

I have compiled vcoin-qt.exe and run a virscan but says PUA.Win32.Packer.PrivateExeProte-15
http://r.virscan.org/report/9bae2dc0b6b577758a01ec8bd240317a

PUA is not virus but a Possible Unwanted Application.  A packer can be used in malicious activity and there is a slight change that it is malicious, but probably not.

[chrisvl]

Block explorer https://minkiz.co/abe/chain/vcoin

[ShoeOnHead]

Again! A coin without a reason/purpose/description. Devs aren't even trying anymore! Next!

[chrisvl]

Source  Updated and fix diffplot. Improve graphics  https://github.com/chris-vl/vcoin

[ShoeOnHead]

Source  Updated and fix diffplot. Improve graphics  https://github.com/chris-vl/vcoin

Why don't you make a description for this coin?

[chrisvl]

Source  Updated and fix diffplot. Improve graphics  https://github.com/chris-vl/vcoin

Why don't you make a description for this coin?

Check the first post

[ShoeOnHead]

Source  Updated and fix diffplot. Improve graphics  https://github.com/chris-vl/vcoin

Why don't you make a description for this coin?

Check the first post

Yeah I did, that's why I'm asking!

I only see blockrewards, pools and where to download the source.

What I'm talking about is a reason why you made this. Why is this coin any different than all the other coins! What is your plan?!

 Why should this coin get any value? Are you even trying?

[chrisvl]

if you read all posts you will get the answer

[ShoeOnHead]

if you read all posts you will get the answer

Update the OP then!

When the OP is lame, almost nobody will read the rest. Basic communication skills.

Even the logo and layout in the OP are super lame!

[glen123]

Pool back online in 1h , just added to other Coins Darksend/Tor etc

[jc12345]

Dev, how about wallet update with masternodes and the rest. 

[gjhiggins]

Again! A coin without a reason/purpose/description. Devs aren't even trying anymore! Next!

Or ... devs have learned that providing genuine reason and purpose is a pointless exercise as both are invariably hostage to the community's deathgripped irrational self-serving prejudices.

Doesn't matter what the rationale, there's always a population of self-appointed assessors loudly claiming the converse whilst at the same time exploiting every possible opportunity to extract a few more satoshi for their own personal profit.

For me, it's an approach that is at least honest about the reality of altcoin devops and it's immensely preferable to the puffed-up little fiefdoms that some attempt to create (c.f. the new “owners” of Britcoin https://bitcointalk.org/index.php?topic=1061026.0).

It's your personal opinion that altcoins bear more than just a metaphoric relationship to stock trading. It's not shared by everyone and you might want to check just how deep the differences actually run.

A better metaphor is a race card for an unofficial meet. Are you running a similar moral crusade against other forms of online gambling?

Just off've the top of my head, vcoin is uniquely (and serendipitously, let's not overdo it) pushing the altcoin devops envelope in an attempt to raise the standard of decentralisation to meet the criteria recently asserted by FinCEN; in this instance, starting with “no central repository” and (reading between FinCEN lines) “no single developer”.


Cheers

Graham