Bitcoin Forum
November 20, 2017, 07:09:02 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15  All
  Print  
Author Topic: How do you create an altcoin?  (Read 21367 times)
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:07:37 PM
 #1

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511204942
Hero Member
*
Offline Offline

Posts: 1511204942

View Profile Personal Message (Offline)

Ignore
1511204942
Reply with quote  #2

1511204942
Report to moderator
1511204942
Hero Member
*
Offline Offline

Posts: 1511204942

View Profile Personal Message (Offline)

Ignore
1511204942
Reply with quote  #2

1511204942
Report to moderator
1511204942
Hero Member
*
Offline Offline

Posts: 1511204942

View Profile Personal Message (Offline)

Ignore
1511204942
Reply with quote  #2

1511204942
Report to moderator
c4n10
Sr. Member
****
Offline Offline

Activity: 294



View Profile
April 13, 2013, 08:16:00 PM
 #2

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.
wmikrut
Hero Member
*****
Offline Offline

Activity: 611



View Profile WWW
April 13, 2013, 08:25:51 PM
 #3

Interesting!   Watching this topic  Grin

I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 08:27:29 PM
 #4

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

I'll help you mine weekend-coin!  Grin
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:29:30 PM
 #5

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick for everyone (I shouldn't have to go out and build a $1000 mining PC initially).

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 08:31:18 PM
 #6

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick on GPUs. So i'm assuming that a good algorithm would be SHA-256. But if there is an algorithm out there that is easier on GPUs then that would be great to.

I would recommend something other than SHA256 there are lots of current examples of why.
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:32:41 PM
 #7

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick on GPUs. So i'm assuming that a good algorithm would be SHA-256. But if there is an algorithm out there that is easier on GPUs then that would be great to.   edited! Cheesy


I would recommend something other than SHA256 there are lots of current examples of why.

Actually just edited that post sense I got a better idea of what I want, so yah I was assuming this Cheesy

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
wmikrut
Hero Member
*****
Offline Offline

Activity: 611



View Profile WWW
April 13, 2013, 08:34:19 PM
 #8

Using something other than SHA256/Scrypt will require you to create a mining program compatible with your selected algo.

I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:36:56 PM
 #9

Using something other than SHA256/Scrypt will require you create a mining program compatible with your selected algo.
Is there a list of others somewhere?

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 08:37:35 PM
 #10

Using something other than SHA256/Scrypt will require you create a mining program compatible with your selected algo.

At the same time creating another alt-coin with it is pointless and dangerous to the vitality of the coin.

...But for just a closed hobby project it would be no issue really.
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:39:49 PM
 #11

If there are not any mining clients out there that support things besides SHA-256 or Scrypt then either of those could be fine, I don't want to have to go about making a new mining application or somthing.

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:46:29 PM
 #12

Lets go with scrypt sence its easier on CPUs than sha-256

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 08:48:33 PM
 #13

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 08:54:25 PM
 #14

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
What do you think? Im at a loss here Tongue

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 08:55:30 PM
 #15

Lets go with scrypt sence its easier on CPUs than sha-256


I guess you will need to get the litecoin source and start editing. I won't be much help with that tho. Sad
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 09:03:54 PM
 #16

Ive cloned the litecoin source, and its downloaded on my computer. Now what? XD

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
wmikrut
Hero Member
*****
Offline Offline

Activity: 611



View Profile WWW
April 13, 2013, 09:08:07 PM
 #17

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.
 
Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.


I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 09:09:51 PM
 #18

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.
 
Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.



Lets re-target every 3-4 days
And find a block every 5 minutes

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 09:12:13 PM
 #19

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.
 
Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.



Lets re-target every 3-4 days
And find a block every 5 minutes


sounds fun!


How many coins total? and when should the reward be halved?
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 09:18:03 PM
 #20

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.



What about Difficulty re-target and block rate?
What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.
 
Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.



Lets re-target every 3-4 days
And find a block every 5 minutes 2 minutes


sounds fun!


How many coins total? and when should the reward be halved?


How about 50 million coins
and it can half every 5 years

and Im actually gonna change to a block every 2 minutes

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!