Blindfolded
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April 13, 2013, 09:19:51 PM |
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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 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?
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WeTradeCoins
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April 13, 2013, 09:21:01 PM |
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God i wish i had your free time
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pixel (OP)
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April 13, 2013, 09:21:57 PM |
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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 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 datesounds 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?
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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pixel (OP)
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April 13, 2013, 09:23:33 PM |
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God i wish i had your free time Yay for being in high school
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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wmikrut
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April 13, 2013, 09:25:40 PM |
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Well, some calculations are needed. For example... finding a block every 2 minutes - how many would you find after 5 years of mining?
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I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.
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pixel (OP)
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April 13, 2013, 09:25:50 PM |
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I meant 50 million total coins
The reward will be 25 and that will half every 5 years
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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pixel (OP)
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April 13, 2013, 09:27:14 PM |
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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
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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pixel (OP)
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April 13, 2013, 09:30:27 PM |
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I still need some instruction on how to start doing this :/
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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wmikrut
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April 13, 2013, 09:41:28 PM |
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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.
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I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.
BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
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Blindfolded
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April 13, 2013, 09:45:22 PM |
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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
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pixel (OP)
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April 13, 2013, 09:49:16 PM |
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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
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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jhd
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April 13, 2013, 09:58:38 PM |
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Interested topic!!
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Brunic
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April 13, 2013, 10:06:42 PM |
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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!
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pixel (OP)
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April 13, 2013, 10:11:37 PM |
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Thanks for the interest everyone, it will keep me from giving up . 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
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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Remember remember the 5th of November
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Reverse engineer from time to time
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April 13, 2013, 10:14:51 PM |
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Thanks for the interest everyone, it will keep me from giving up . 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
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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pixel (OP)
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April 13, 2013, 10:16:20 PM |
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Thanks for the interest everyone, it will keep me from giving up . 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 I detect your sarcasm... i think lol
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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wmikrut
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April 13, 2013, 10:22:17 PM |
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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;
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I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.
BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
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Brunic
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April 13, 2013, 10:22:41 PM |
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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.
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wmikrut
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April 13, 2013, 10:24:57 PM |
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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.
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I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.
BM-2cTFihJKmSwusMAoYuUHPvpx56Jozv64KK
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pixel (OP)
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April 13, 2013, 10:25:50 PM |
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And we begin diving into the code, ive got my terminal window open and the git repository cloned Lets go!
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Currently Mining: Litecoin, Xencoin, and Worldcoin (Just because its fun!, don't yell at me ;_;)
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