[ANN][XMINE]MineCoin | 100% POW | Scrypt | No ICO | (Ticker changed)

[keesdewit]

MineCoin (XMINE) - 100% proof of work - with love for miners

NEW 30-08-2015:
- Ticker changed from MINE to XMINE
- Updated checkpoints
- Updated seed nodes

About
MineCoin is made with love for miners. More and more coins these days are proof of stake only. We love our great miners that do the hard work to keep a network fast and secure. We should all realize that thanks to miners your transactions get confirmed and your coins are transfered fast.

As offensive we created MineCoin that allows only miners to earn coins through proof of work. MineCoin uses the good old Scrypt algorithm. The Scrypt algorithm has proven itself over many years and is one of the most friendly algorithms available.

This coin is all about having fun and earning coins with mining. Our goal is to be a commonly accepted currency with the advantage of a fast and secure network thanks to our miners.

In the beginning this coin will be tradable on Yobit exchange and will later be added to the major exchanges like Bittrex. Yobit needs about 2 days to add to coin, so please be a little patient. Meanwhile you can start mining and earn new MineCoins.

Please do not go mad and post all these negative messages. We are here to have fun and that is what this coin is all about. be friendly and polite to each other! We hope for some support of the community and to start off we have added some bounties.

Coin specifications
Symbol XMINE
Pure scrypt Proof of Work coin
84 Million coins available
Block reward 100 XMINE halving every 840000 blocks
30 seconds block time
RPC Port 42512
P2P Port 42511

Wallets
Windows: http://www.keesdewit.nl/download/windows/minecoin-qt.zip
Linux: http://www.keesdewit.nl/download/linux/minecoin-qt.zip
GitHub: https://github.com/CoinProjects/MineCoin/

Mining pools
Pool.mn

Exchanges
Soon on



Later on all major exchanges like Bittrex

Bounties
2000 XMINE for a nice logo design
10000 XMINE for a android wallet
2000 XMINE for paper wallets
2000 XMINE for Mac wallet
2000 XMINE for a faucet

Example MineCoin.Conf
listen=1
server=1
daemon=1
rpcuser=<An very long username>
rpcpassword=<An incredible strong pasword>
rpcallowip=127.0.0.1

Where to put the MineCoin.Conf file?
Windows   %AppData%/MineCoin/minecoin.conf
Linux   $HOME/.minecoin/minecoin.conf
Mac OSX   $HOME/Library/Application Support/MineCoin/minecoin.conf

Happy mining

[1713277570]

1713277570

[1713277570]

1713277570

[1713277570]

1713277570

[Sir_Astral]

Block explorer is not working...

[keesdewit]

Block explorer is not working...

Now working on it.

[keesdewit]

Block explorer is not working...

Block explorer active. It is now syncing. Takes about 10 minutes.

[speaktome]

30 seconds block time, It is fast.

[keesdewit]

30 seconds block time, It is fast.

Miners do not like waiting

[redkinggg]

Wow, you couldnt take any extra time on to ANN?  Looks like crap man.

[keesdewit]

Wow, you couldnt take any extra time on to ANN?  Looks like crap man.

I am a good developer not such a good designer / text writer. Sorry I will try to improve.

[samspaces]

Wow, you couldnt take any extra time on to ANN?  Looks like crap man.

I am a good developer not such a good designer / text writer. Sorry I will try to improve.

Any hints where this one is going, development wise...it basically looks pretty much like a blind Litecoin clone.

[keesdewit]

Wow, you couldnt take any extra time on to ANN?  Looks like crap man.

I am a good developer not such a good designer / text writer. Sorry I will try to improve.

Any hints where this one is going, development wise...it basically looks pretty much like a blind Litecoin clone.

Development roadmap
Support for multi algorithm
Anonymity features (DarkSend)
Stealth address
Mining hardware shop (pay with XMINE)

[YoBit]

MineCoin [XMINE] is listed: https://yobit.net/en/trade/XMINE/BTC
MineCoin Dice: https://yobit.net/en/dice/XMINE

Code:

[url=https://yobit.net/en/trade/XMINE/BTC][img]https://yobit.net/i/small_logo.png[/img][/url]

[samspaces]

Hm, I'll pass, but anyway, why not just clone Dash and merge it with Unitus You won't have to develop much then.

[1D3ViL37]

I like this coin and 84 Million coins is nice amount to make Money with it.
I think i rent a Rig...   mhh

[cjmoles]

Did you give up on AMS?

[madmartyk]

Did you give up on AMS?

With a price at 2 SAT not worth the power to mine it.

[ALTCOINLINKS]

Anything New with this coin?

[bit1]

Sell order  1 sat.  Buy order 0.   RIP

[MbccompanyX]

Sell order  1 sat.  Buy order 0.   RIP

Did you checked at least the wallet bit1? telling that is dead only because is at 1 satoshi the sell order seems rushed....

[bit1]

Sell order  1 sat.  Buy order 0.   RIP

Did you checked at least the wallet bit1? telling that is dead only because is at 1 satoshi the sell order seems rushed....

buy orders are in  0. It is very obvious. Besides it only could be just another meaningless chain. So is there any reason to mine it?    100% POW . Only leave it RIP.

[Bitr8er]

Do you need a faucet for your site?


http://freecoinfaucet.com/

Please pm me

[midnight_miner]

Kees!

Do you have the Blockchain for this coin stored away somewhere?

Any nodes still going?  Need some? 

[King Buzz]

any updates    ?   i just boought some xmine at six sats and wandering if its still teh coin for miners  ?

[wahyu5]

This time I was also waiting for the update ,
is there a social network for dev , faucet , etc. ?

[loutchano]

any active nodes

[midnight_miner]

any active nodes

Soon!  

Working with dev to see if things can get going again.

Please, DO NOT ATTEMPT to mine until Blockchain is heathly, you will lose whatever you mine.

Should have news in a week if all testing goes well.

[midnight_miner]

*** UPDATE ***

I have a new sync node up with the valid blockchain that I have sync'd up from keesdewit synch node.

I recommend deleting the peers.dat file in your %APPDATA%\MineCoin  or ~\.minecoin directory.

And this should be the only addnode IP in your minecoin.conf for now.

Code:

addnode=68.71.58.226

I have about 1 MH/s mining on a temporary pool to keep the blockchain moving. So once you have sync'd your wallet you can move coins from YObit if you wish.  I have tested Withdrawals and Deposits on YObit and their wallet appears to be fully functional and in sync.

I will provide the mining pool info in a separate post.  I would like to have another super node or two up before mining resumes.

The new Block Explorer is indexing at the moment.  I will release details on it once the setup is complete.   

My schedule is to have the coin rolling again by this Friday.

A big THANK YOU to Keesdewit for allowing me to bring back the coin!!!

- Midnight Miner

[midnight_miner]

*** New Nodes - Pool - Explorer ***

Permanent Supernodes:

Code:

addnode=xmine1.midnightminer.net
addnode=xmine2.midnightminer.net

Block Explorer:
http://xmine.midnightminer.net

Mining Pool:
pool.midnightminer.net
Fee: 0.5% - No login required. Username is your XMINE Address.

Code:

Diff: 16   | stratum+tcp://pool.midnightminer.net:4251  -u <XMINE Address> -p x    
Vardiff:   | stratum+tcp://pool.midnightminer.net:4252      
Diff: 256  | stratum+tcp://pool.midnightminer.net:4253

[loutchano]

New Pool Minecoin

http://mineblocks.no-ip.org:2627/pool/XMINE/

[Lucky7btc]

excellent...Go to see this coin back working again.

[Lucky7btc]

looks like its getting some buy action today on yobit...

[Inves]

What sluchilos , the purse no longer connect

[midnight_miner]

What sluchilos , the purse no longer connect

Main nodes are back online.  Had a mis-configuration that took down my servers.

Block Explorer and Mining Pool also back online.

[Lucky7btc]

What sluchilos , the purse no longer connect

Main nodes are back online.  Had a mis-configuration that took down my servers.

Block Explorer and Mining Pool also back online.

That's great... Xmine is back in business. I'll pump the coin a bit tomorrow

[altcoinlinks2]

Bueller...Bueller...Bueller 

[midnight_miner]

Bueller...Bueller...Bueller 

It's Bueller's day off!   

[Lucky7btc]

Bueller...Bueller...Bueller 

It's Bueller's day off!   

Any working nodes?

[loutchano]

Bueller...Bueller...Bueller 

It's Bueller's day off!   

Any working nodes?

addnode=mineblocks.no-ip.org:42511

[Saracenis]

Dead?

[midnight_miner]

Dead?

Define what you call 'Dead?'

The coin has an active blockchain, has miners, and on an exchange.

Other work in progress but nothing official yet.

[midnight_miner]

I am going through the Coin definitions and I see that it has a maximum coin amount of 84,000,000 coins.
With the current payout of 100 coins per mined block and the halving happening at block 840,000.   The halving of the coin will happen at the Max supply of the coin.  At the current rate, I foresee less than a year of mining the coin before we reach the maximum supply of the coin.  I have some interesting ideas for the coin, I would like to see a longer lifetime for the coin, without changing the PoW base of the coin. 

I need some input from the community of XMINE (MineCoin) owners on how we handle the halving or the maximum supply of coins.
 - if we do nothing the coin will be mined to the maximum number of coins and then mining (and the blockchain) will stop.

• Option 1: change the halving of the coin to happen sooner than later, and modify the maximum supply of coins to to align with the halving block           number.
  
  • ex: if the halving were to occur at every 600,000 blocks then the coin supply would be re-calculted based on that number.
• Option 2: a more drastic change in the mining reward by dropping it an order of magnitude (from 100 coins to 10 coins per block) to extend the lifetime of the coin.  And then again later on, another drop in order of magnitude from 10 coins to 1 coin per block as a mining reward.
  
• Option 3: other suggestions from the community.
  

Before I start committing changes to the coin I would like to hear feedback on the options for MineCoin.

[Lucky7btc]

I am going through the Coin definitions and I see that it has a maximum coin amount of 84,000,000 coins.
With the current payout of 100 coins per mined block and the halving happening at block 840,000.   The halving of the coin will happen at the Max supply of the coin.  At the current rate, I foresee less than a year of mining the coin before we reach the maximum supply of the coin.  I have some interesting ideas for the coin, I would like to see a longer lifetime for the coin, without changing the PoW base of the coin. 

I need some input from the community of XMINE (MineCoin) owners on how we handle the halving or the maximum supply of coins.
 - if we do nothing the coin will be mined to the maximum number of coins and then mining (and the blockchain) will stop.

• Option 1: change the halving of the coin to happen sooner than later, and modify the maximum supply of coins to to align with the halving block           number.
  
  • ex: if the halving were to occur at every 600,000 blocks then the coin supply would be re-calculted based on that number.
• Option 2: a more drastic change in the mining reward by dropping it an order of magnitude (from 100 coins to 10 coins per block) to extend the lifetime of the coin.  And then again later on, another drop in order of magnitude from 10 coins to 1 coin per block as a mining reward.
  
• Option 3: other suggestions from the community.
  

Before I start committing changes to the coin I would like to hear feedback on the options for MineCoin.

I think option 1 is an excellent ideal and lowering the max supply of coins!

[midnight_miner]

Here are the 2 options I am considering for the upcoming XMINE wallet update.

Both changes start the reward halving at block 520 000 (approx. in 2 weeks), and reward halving will occur every 80 000 blocks there after.

Option 1:

• At block 520 000 reduce reward to 64 XMINE
• Halving every 80 000 after that (32, 16, 8 )

Coin supply at block 840000:
Premine:   8.4 Mil
Blk 520K: 52.0 Mil
Blk 600K:  5.12 Mil
Blk 680K:  2.56 Mil
Blk 760K:  1.28 Mil
Blk 840K:  0.64 Mil
============
  70.0 Mil

Option 2:

• At block 520 000 reduce reward to 50 XMINE
• Halving every 80 000 after that (25, 12, 6) integers, no decimal coins

Coin supply at block 840000:
Premine:   8.4 Mil
Blk 520K: 52.0 Mil
Blk 600K:  4.0 Mil
Blk 680K:  2.0 Mil
Blk 760K:  0.96 Mil
Blk 840K:  0.48 Mil
============
  67.84 Mil

-----------------------------------------------------------------------------------------------

In approximately a year, when nearing block 840 000 we can decide if we continue the mining reward past block 840k at the next halving reward.

Please let me know your thoughts as I would like to release the new wallet as soon as possible to get the mining pools enough time to update the wallet for the block rewards change.

[Lucky7btc]

Option 2 is my pick

[midnight_miner]

It would be good to know which pools are still mining XMINE.

I know there are a couple mining in my pool and others are self mining.

If you see XMINE in mining pools drop a line here so I can let them know of the updated wallet.

[Alec40Gr]

vote for option 2

[ranggawulung]

where bounty  ?

[midnight_miner]

where bounty  ?

Bounty for what in particular?

[midnight_miner]

New Wallet to be Released this Week

I will start a new thread with the re-release of the coin.

Updates the core so that new features can be added to the coin.

Stay tuned!

[midnight_miner]

Because I was side track by other things I was not able to implement the changes in the PoW rewards in time for the schedule listed in the post above (Option 1 or Option2).  So here is the new PoW rewards schedule for the next wallet release.

At block 700 000 reduce reward to 16 XMINE
Halving every 200 000 blocks after that (16, 8, 4, 2, 1 )

Coin supply at block 840000:
Premine:   8.4 Mil  (not my premine, but it is mostly sitting here: MAodh4Nyb4fXMQsgYDhsEXbNouq9mpv5um)
Blk 700K: 70.0 Mil  (100 XMINE per block)
Blk 900K:  3.2 Mil  ( 16 XMINE per block)
Blk 1.1M:   1.6 Mil  (  8 XMINE per block)
Blk 1.3M:   0.8 Mil  (  4 XMINE per block)
Blk 1.5M:   0.4 Mil  (  2 XMINE per block)
Blk 1.7M:   0.2 Mil  (  1 XMINE per block)
============
Total        84.6 Mil

When we near block 1.7M we can decide if the coin continues to reward 1 XMINE per block or drop to Transaction Fees only.  This will be put to the community and also we will analyze the amount of transactions and reward for miners at that time.  If there are not enough transaction Fees to support miners the Money Supply could be extended to 90M XMINE and continue a 1 XMINE reward per block.  But that is something that can be discussed in a years time when we near that point.

I am considering buying up a block of XMINE and posting the address as a Development or Promotional Fund.  This could help reduce the money supply by holding a large amount of the money supply out of circulation.

[midnight_miner]

I believe everything is in place for the new wallet.  Still doing some testing.  It is based on Bitcoin/Litecoin core 0.10.x, that should include core features to assist in extending the coin in the future.

I will start a new thread for the wallet release and post the link here.

[Ryan Dugan]

Will you be holding any bounty contests ? Maybe some promotional deals ? I might take a gamble and spend a bit renting miners to get some xmine coins then hood for awhile and see if I dump or hold longer. That would depend on the Dev. It is up to him whether or not he dumps or stays.

[midnight_miner]

Will you be holding any bounty contests ? Maybe some promotional deals ? I might take a gamble and spend a bit renting miners to get some xmine coins then hood for awhile and see if I dump or hold longer. That would depend on the Dev. It is up to him whether or not he dumps or stays.

Bounty contests are fun, need to set up a list of bounties that are popular.

I am open to ideas and suggestions.

I am a dev that doesn't really sell or dump coins.  I keep building and collecting.  You never know when crypto might actually be worth something someday!

[midnight_miner]

IF YOU ARE RUNNING A MINING POOL or SOLO MINING XMINE

Here is the link to the latest code for the wallet:

https://github.com/midnight-miner/minecoin-dev/tree/minecoin-dev-0.10.x

The code is stable and I will be merge it into the stable release.

The fork will occur at block 700k, so please update your wallet before then ( a week or two).

I will update my seed nodes and have a windows wallet available in the next few days.

[midnight_miner]

MOVED to NEW TOPIC FOR RELAUNCH

https://bitcointalk.org/index.php?topic=1726007

[pumas26]

please new work addnode