Bitcoin Forum
December 14, 2017, 01:37:35 AM *
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 21475 times)
Blindfolded
Full Member
***
Offline Offline

Activity: 156



View Profile
April 13, 2013, 09:19:51 PM
 #21

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?


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

are you sure that adds up?
1513215455
Hero Member
*
Offline Offline

Posts: 1513215455

View Profile Personal Message (Offline)

Ignore
1513215455
Reply with quote  #2

1513215455
Report to moderator
1513215455
Hero Member
*
Offline Offline

Posts: 1513215455

View Profile Personal Message (Offline)

Ignore
1513215455
Reply with quote  #2

1513215455
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513215455
Hero Member
*
Offline Offline

Posts: 1513215455

View Profile Personal Message (Offline)

Ignore
1513215455
Reply with quote  #2

1513215455
Report to moderator
WeTradeCoins
Full Member
***
Offline Offline

Activity: 168



View Profile WWW
April 13, 2013, 09:21:01 PM
 #22

God i wish i had your free time Tongue

www.WeMineLTC.com   0% FEE |   PPLNS  |   SSL  |   STRATUM  |  FULL DDoS PROTECTION LTC POOL!!
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 09:21:57 PM
 #23

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

Above posted was edited, quote not up to date


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

are you sure that adds up?


Whats wrong with it?

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, 09:23:33 PM
 #24

God i wish i had your free time Tongue
Yay for being in high school Cheesy

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

Activity: 619



View Profile WWW
April 13, 2013, 09:25:40 PM
 #25

Well, some calculations are needed.
For example... finding a block every 2 minutes - how many would you find after 5 years of mining?

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, 09:25:50 PM
 #26

I meant 50 million total coins

The reward will be 25 and that will half every 5 years

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, 09:27:14 PM
 #27

Well, some calculations are needed.
For example... finding a block every 2 minutes - how many would you find after 5 years of mining?


I could just stick with the litecoin defualt Cheesy

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, 09:30:27 PM
 #28

I still need some instruction on how to start doing this :/

 

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

Activity: 619



View Profile WWW
April 13, 2013, 09:41:28 PM
 #29

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.

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, 09:45:22 PM
 #30

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.


+1
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 09:49:16 PM
 #31

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.


+1
Ive been looking around the bitcoin wiki for this info but I have not found any good explanation

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

Activity: 61


View Profile WWW
April 13, 2013, 09:58:38 PM
 #32

Interested topic!!

Litecoin Lottery, Litecoin Roulette : http://www.coinpixel.com
Brunic
Hero Member
*****
Offline Offline

Activity: 628



View Profile
April 13, 2013, 10:06:42 PM
 #33

This topic is a breath of fresh air. With all the bubble mania, DDoS, the insults and fight everywhere, this is really awesome to see. If a complete noob can make a new coin, it proves easily how the concept of crypto-currencies is brilliant! Smiley
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 10:11:37 PM
 #34

Thanks for the interest everyone, it will keep me from giving up Cheesy.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?

Edit: forgot to mention a re-target of 3-4 days

Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
Remember remember the 5th of November
Legendary
*
Offline Offline

Activity: 1610

Reverse engineer from time to time


View Profile
April 13, 2013, 10:14:51 PM
 #35

Thanks for the interest everyone, it will keep me from giving up Cheesy.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?
Sounds genius, something which we have not seen before  Grin Grin Cheesy Cheesy

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
pixel
Member
**
Offline Offline

Activity: 98


x1 7970 | Aprox. 587 kh/s


View Profile
April 13, 2013, 10:16:20 PM
 #36

Thanks for the interest everyone, it will keep me from giving up Cheesy.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?
Sounds genius, something which we have not seen before  Grin Grin Cheesy Cheesy

I detect your sarcasm... i think  lol

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

Activity: 619



View Profile WWW
April 13, 2013, 10:22:17 PM
 #37

Lol... people will say all kinds of stuff... I like the thought of exploring the settings for a 'fun coin'.

My guess (and please don't shoot me).... is most of what is needed is in main.cpp as far as default settings go.
Someone with a bit more experience will need to chime in on this one:


32   uint256 hashGenesisBlock("0x12a765e31ffd4059bada1e25190f6e98c99d9714d334efa41a195a7e7e04bfe2");
33   static CBigNum bnProofOfWorkLimit(~uint256(0) >> 20); // Litecoin: starting difficulty is 1 / 2^12

59   int64 nTransactionFee = 0;
60   int64 nMinimumInputValue = CENT / 100;

Block Reward
831  int64 nSubsidy = 50 * COIN;

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

BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
Brunic
Hero Member
*****
Offline Offline

Activity: 628



View Profile
April 13, 2013, 10:22:41 PM
 #38

Hey pixel, I've been looking at the code.

I think I found the maximum quantity of coin, it seems it's a single variable in the src/main.h file, line 35. You also have other interesting variables there between lines 30 and 40.
wmikrut
Hero Member
*****
Offline Offline

Activity: 619



View Profile WWW
April 13, 2013, 10:24:57 PM
 #39

Hey pixel, I've been looking at the code.

I think I found the maximum quantity of coin, it seems it's a single variable in the src/main.h file, line 35. You also have other interesting variables there between lines 30 and 40.

Wow ... it seems like the block reward is hard coded into the cpp file.

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, 10:25:50 PM
 #40

And we begin diving into the code, ive got my terminal window open and the git repository cloned Cheesy Lets go! Cheesy

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!