BIG UPDATE: Finally, we have an update for you all.
We have some good news and some bad news.
First, I'll start with the bad news: After months of pounding away, we unfortunately were unable to peg the block reward to the price of gold the way we intended. We finally figured out a way to do it properly, but to implement it would have meant going back and reworking our entire code base from scratch and that simply wasn't worth the increased delay it would cause. As such, we made some decisions as to how to move forward with this project in a way that would make everyone happy (or at least as many people as possible). That leads me to...
The good news: We have rebranded and reorganized the OroCoin project as OroCoin - "The gold standard in cryptocurrency" and made some changes to the game plan:
-We have kept roughly the same total coin supply as we originally planned (The supply will be 23,529,412).
-We kept the premine at 15% for ICO participants, and to fund future development, improvements, and a large scale and long term marketing campaign.
-We changed the halving to 250,000 blocks
-We increased the block reward to 40 ORO
-We decreased the difficulty to make ORO a little easier to mine (possible to do so profitably even for desktop clients, at least for now)
-We increased the ICO participation conversion rate: It's now 3000 ORO per BTC until January 31st, then it will be 2500 ORO per BTC.
-We decided to move forward with exchange listings immediately.
Now, I know this might disappoint some people, but I highly encourage you to give it a try! Start mining some OROs and see how it works out for you.
If you run into any bugs, errors, or issues, please use
the contact form at OroCoin.co to ensure our support team gets it and can respond as quickly as possible.
Windows Client & Wallet: http://www.orocoin.co/orocoin-qt-windows.zipLinux Client & Wallet: http://www.orocoin.co/orocoin-qt-linux.tar.gzSource Code: http://www.orocoin.co/orocoin-source.tar.gz
Be sure to check the original post in this thread for ALL the up to date info and updates! Thanks everyone for your support.