MicroCoin! A Coin for Microcontrollers like the Arduino!

[OfficialMicroCoin]

Hello everyone. Here at OMC (Official MicroCoin), we built a coin for microcontrollers such as the Arduino!

This coin uses an Arduino device wallet, clustered Arduino Server, and a mining script designed for Arduinos!

To interface with the Arduino, Bluetooth, Serial, or WiFi may be used!

This coin will be launched on 9/18/15

Uses of this coin include a online auction site, exchange for USD, and a local trading app. This coin is open source (OF COURSE!) and can be modified for any microcontroller, made portable, and have features added.

To support development and interest, plus help pay for servers, you can donate BTC to 18NRiqQ3RX8MQDnkTvbZVQNz3FEVRp8CmY .

To mine, simply load the sketch to the Arduino, tether to your computer or router, and start raking in the money!

Now that you know what the coin is about, let me go over the specs.

10 million total coins.
User set price value.
Mined via arduino clusters.
1 coin per minute.
TX Fee goes to remaining coins, not to miners. These coins will be mined in the next block (1 minute later.)
Fixed difficulty.

Bounties (Once coin launches):

Mining Pool: 100MC each for first 3.
Blockchain Explorer: 500MC for first!
Faucet: 50MC each for first 4.
Those are 1000MC waiting to be claimed. 3000 of the premined MC will go to funding the exchange.

Links to the sites will be available once the coin launches. Enjoy!

[Razerglass]

Question ..

To mine, simply load the sketch to the Arduino, tether to your computer or router, and start raking in the money!

Where does this money come from? Your donation address?

[Sir_Astral]

Algo?

[psycodad]

Interesting.. but what will keep others from compiling the sketch on their (imaginary) 512-core big iron and instamining all coins ?
I'll be watching, but I have serious doubts.

[tbearhere]

Yes algo plz ... and please don't say sha or x11  please dont. thx
Qubit  or Quark or Lyra2v2 ?

[wildduck]

It looks interesting i will be watching, this could be a good project.

[niceal]

this could be a good project.+1

[OfficialMicroCoin]

The algo doesn't have a name. It's custom. You mine by verifying transactions. First you verify the transaction signature, then the sender, then the reciever. For best use, an arduino hooked up to an sd card reader is required (to store the blockchain).

The MC comes from a master address that will be open source. This address stores every unreleased MC. Donations are to help with server cost AND keep dev going . You could set up a big server, but the only advantage would be with verifying the hash! Internet speed is the main requirement  (to check where the MC is coming from)... this is optimized for small computers so  a 512 core computer will have no advantage.

[Xardasim]

Hmmm thats interesting o.O
I'll follow thread for sure 

[Sir_Astral]

Instructions?

[OfficialMicroCoin]

Sir_Astral those will come once the coin is launched. Also, there is NO PREMINE!

EDIT: To help pay for bounties and stuff, 5000MC will be premined.

[OfficialMicroCoin]

I forgot to mention, whoever gets the block is decided by amount of points. Transactions have 3 steps to being verified, verified signature (1 point as the most powerful computer will get this easily), verified sender (2 points as it is a mix of powerful computer and internet speed), verified recipient (Another 2 points for the same reason.)

Now, with the low mining payout, high computers will not get their money back. An Uno can reimburse you though.

[Splatters]

QUBIT is well accepted

[OfficialMicroCoin]

Splatters: What do you mean by that? QUBIT means Quantum Bit in my field of knowledge.

[Sir_Astral]

Set a countdown please.

[tbearhere]

Splatters: What do you mean by that? QUBIT means Quantum Bit in my field of knowledge.

OfficialMicroCoin  do you mean you have no algo? Or are you saying any algo will work? thx 

[OfficialMicroCoin]

Sir_Astral just tried 3 different ways, none worked. I'm open to suggestions.

tbearhere: X11, Scrypt, SHA 256 would be almost impossible to port to arduino due to the massive processing power required. The algorithm used is none of those, and is custom.

[tbearhere]

Sir_Astral just tried 3 different ways, none worked. I'm open to suggestions.

tbearhere: X11, Scrypt, SHA 256 would be almost impossible to port to arduino due to the massive processing power required. The algorithm used is none of those, and is custom.

Ok I see....thank you.

[hashmaster1]

Sounds very interesting concept looking forward to see this in action 6 days to go  ill b there ......

[BitcoinNational]

coin name is already traded as MRC

why not go with ... Arduinos?