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Author Topic: [ANN] official NovaCoin thread - the original PoS+scrypt coin. --POOL LIST--  (Read 97243 times)
xorxor
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February 11, 2013, 10:37:40 AM
 #1

NovaCoin was the first PPC fork, but not a clone!
new versions ale coded standalone, not from new ver. of PPC.
 
major changes:

1. Scrypt chashing!
2. initial reward of 100 not 10000
3. slower reward drop
PPCoin cuts a half from reward for every 16x diff adjustment.
NovaCoin cuts a half from reward for every 64x diff adjustment.
4. POW difficulty adjusted for scrypt
5. POS difficulty adjusted for 100 times less coins.
6. ROI for POS changed to 0.05 coin per 1 coinyear [dynamic from 4.1]


origin:

  https://bitcointalk.org/index.php?topic=114712.0

windows binaries, blockchain snapshot:

 https://sourceforge.net/projects/novacoin/files

source

 https://github.com/novacoin-project/novacoin

explorer:

http://explorer.khore.org/

pools:  

 http://coinpool.ru/  (10 confirmations, 0% fee, RU+EN UI)  
 https://hynodeva.com/ (PPS, 3.7% fee, EN UI)
 http://novacoin.ecoining.com/ (10 confirmations, 1.5% fee, EN+ES UI) [temporary 0% fee]
 http://www.multipool.in/ (120 confirmations, 0% fee, EN UI)
 http://nvc.khore.org   (10 confirmations, 2% fee, EN UI)
 http://nvc.coinmine.pl (? confirmations, ?% fee, EN UI)
 https://coinex.pw/mining/pools/NVC (120? confirmations, 2% fee, EN UI)
 http://nvcpool.com/ (10 confirmations, 0% fee, EN UI)
 http://virpool.com/  (10 confirmations, 2% fee, RU UI)
 https://nvc.pmine.net/ (120 confirmations, 0% fee, Stratum, EN UI)

p2pool:

 http://novaco.in/
 sources https://github.com/CryptoManiac/p2pool
 binaries http://sourceforge.net/projects/novacoin/files/p2pool_win32_14f.zip/download
 developed by NovaCoin creator: Balthazar https://bitcointalk.org/index.php?action=profile;u=23324


Balthazar is active in this thread and is helping me to update.

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markm
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February 11, 2013, 10:42:26 AM
 #2

Its based on the broken version of PPCoin then? He didn't even wait for the fix before cloning it?

-MarkM-

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February 11, 2013, 10:45:39 AM
 #3

SCAM COIN - DO NOT USE

This is a SCAM coin. Here's why:

> Over 200k has being premined secretly by the developer. Every single premined cryptocurrency has died - the only currently surviving ones are those that are NOT premined

> 110k of the premined coins have being given to BTC-e as a bribe for them to accept this worthless coin.

> BTC-e censors chat, removes all negative criticism of NovaScam.

> Balthazar is still trying to deny that the premined coin exists, claiming a 60k premined figure, but BTC-e admitted that they got 100k NovaScam premined coins!  Grin

SCAM COIN - DO NOT USE

Inputs.io - bitcoin wallet + offchain + security
CoinLenders - bitcoin bank script / functional demo
CoinChat - chat network integrated with Bitcoin

Contact me via email! admin@glados.cc | GPG KeyID 63DD3F13
http://1v.io/gladoscc | 1GLadosEkeAsLReqS3yQ51E1R3wVtbJCDF
Balthazar
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February 11, 2013, 12:10:30 PM
 #4

Its based on the broken version of PPCoin then? He didn't even wait for the fix before cloning it?

-MarkM-

1) Fast checkpointing is still active.
2) PoS isn't active for now, because there are no coins with 30 day age
3) Fixes can be merged after upstream update.

So, there are no reasons to wait.  Smiley

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markm
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February 11, 2013, 12:16:15 PM
 #5

Is proof of work really only there as a way to distribute coins initially, or does it also rely on it for timing the blocks, that is, to try to make average time between blocks meet some target duration? I am wondering whether one could turn off proof of work entirely to make a purely proof of stake coin and use some other method of distributing coins initially. (Even maybe something as simple as getting a hundred or few hundred people lined up as initial stakeholders and dividing the total number of coins to them as initial stakeholders right from the start.)

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February 11, 2013, 12:26:09 PM
 #6

According to Gavin, PoS-only system can be easily DoS'ed by generating huge amount of invalid PoS blocks.

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markm
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February 11, 2013, 12:41:30 PM
 #7

Hmm if there is a minimum stake level though, maybe adjusted like difficulty, the maximum number of proof of stake blocks that could be generated would be however many times that minimum the total number of coins existing happens to be at that time.

For example if there are 21 million coins and minimum stake of 21, the clients could refuse to relay any blocks containing less than 21 stake thus would not have to deal with more than one million proof of stake block candidates in any one block-timespan.

If stake takes time to be useable, like generated coins, then you also get to divide again by say 120 if its 120 blocks, or the 500 or whatever that PPCoin makes stake wait before being unusable.

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btc-e.com
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February 11, 2013, 03:53:17 PM
 #8

Start trading - https://btc-e.com/exchange/nvc_btc

Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com

BTC-E.com // Биржа по автоматической торговле Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
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February 11, 2013, 05:09:29 PM
 #9

balthazar changed difficulty retargeting algorithm too, it's retargeting every single block according to novacoind

DannyM
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February 11, 2013, 06:03:00 PM
 #10

Its based on the broken version of PPCoin then? He didn't even wait for the fix before cloning it?

-MarkM-

1) Fast checkpointing is still active.
2) PoS isn't active for now, because there are no coins with 30 day age
3) Fixes can be merged after upstream update.

So, there are no reasons to wait.  Smiley

The fix to PoS is a hard fork

smoothie
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February 11, 2013, 06:04:40 PM
 #11

Seems like a waste of time.

"hey can I use your broken code?"

"yeah sure"

"okay here is a new product called BROKEN"

"yay!"

 Cheesy Cheesy

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February 11, 2013, 06:06:31 PM
 #12

It's funny how NVC gets added to the exchange before PPC.

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February 11, 2013, 06:23:06 PM
 #13

coin price is crashing can not mine on the network because getwork takes 30s and the difficulty won't adjust fast enough because balthazar set it at a max of 1% per block...  this is especially bad for the pool which is getting stales above 50%.  the coin is basically dead in the water hours after its release.

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February 11, 2013, 06:40:50 PM
 #14

NVC price > LTC....LOL!

Buy it while it's still pumped guys!

Sunny King
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February 11, 2013, 06:58:26 PM
 #15

Well congratulations to the first running ppcoin fork Wink Okay I am a bit surprised but happy Cheesy I think forks are endorsements of the value of our work and I don't mind more competition Grin
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February 11, 2013, 07:02:26 PM
 #16

Well congratulations to the first running ppcoin fork Wink Okay I am a bit surprised but happy Cheesy I think forks are endorsements of the value of our work and I don't mind more competition Grin
Thanks. Smiley

coin price is crashing can not mine on the network because getwork takes 30s and the difficulty won't adjust fast enough because balthazar set it at a max of 1% per block...  this is especially bad for the pool which is getting stales above 50%.  the coin is basically dead in the water hours after its release.
Sorry, but it looks like typical "End of the World 21/12/12" prophecy. Everything and everyone will be dead (except of undeads, of course Cheesy), even Bitcoin. But it still have a sense to exists, because it can change something in our world. Smiley

itzod bitcoin mining pool. 20 TH/s, 0% fee RSMPPS, no invalids. Custom diff / Stratum support.
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February 11, 2013, 07:16:51 PM
 #17

Well congratulations to the first running ppcoin fork Wink Okay I am a bit surprised but happy Cheesy I think forks are endorsements of the value of our work and I don't mind more competition Grin
Thanks. Smiley

coin price is crashing can not mine on the network because getwork takes 30s and the difficulty won't adjust fast enough because balthazar set it at a max of 1% per block...  this is especially bad for the pool which is getting stales above 50%.  the coin is basically dead in the water hours after its release.
Sorry, but it looks like typical "End of the World 21/12/12" prophecy. Everything and everyone will be dead (except of undeads, of course Cheesy), even Bitcoin. But it still have a sense to exists, because it can change something in our world. Smiley

You are right...change NVC to BTC...profit lol  Cheesy Cheesy Cheesy

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February 11, 2013, 07:19:10 PM
 #18

It's funny how NVC gets added to the exchange before PPC.

Funny  haha? I think it's seriously odd that a fork of PPC would be added before PPC itself.

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February 11, 2013, 07:23:23 PM
 #19

It's funny how NVC gets added to the exchange before PPC.

Funny  haha? I think it's seriously odd that a fork of PPC would be added before PPC itself.

+1 let's add the broken code from the fork...not the original. Sounds like a great idea! Let's do it!

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February 11, 2013, 07:29:12 PM
 #20

So we have another coin where the source code is not readily available.

Are people really downloading and installing these daemons blindly? Anybody installing these "mystery" coins ever hear the term "Trojan Horse"?

The only files available on the source forge site are compiled installers.


If somebody could point us to the source code, perhaps the coin could be taken more seriously.

No, I am not going to run the installer to get the source code, as with the other legitimate coins, the source should be readily available.


Perhaps the link to the source code should be in the OP.  

https://github.com/CryptoManiac/novacoin

Thank you for the link Sunny.

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