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Author Topic: [ANN][OC] ONECOIN | NO PREMINE | FAIR LAUNCH | SHA256 TRIPLE  (Read 37984 times)
KimBasinger
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February 22, 2017, 10:24:02 PM
 #1


Launch 1st of March 2017. LAUNCHED Unix time: 1488326400

This is a cryptocurrency (social) experiment with a brave controversial name inspired by the miracle of open source cryptocurrencies, annoying ponzi scammers, a big dose of curiosity about what will happen next and a wish to just confuse people a bit.

There is NO bussines plan, no roadmap, no hidden plan.

The developer will only be involved in providing the initial source code for a working coin (and compiling the windows wallet), everything else is left to the community: updating the code, developing other services like mining pools, faucets, translations, setting up slack (or similar chanels), getting the coin on an exchange, advertising, leaving the coin to die...etc

Specs:

- Name: OneCoin Ticker: OC
- Fork of latest Blackcoin (added miner (setgenerate), removed alert function, cleaned up the forks, other details below)
- Block time: 10 minutes (effectively 5 minutes, since pow and pos blocks are targeted at 10min)
- PoW mining algorithm: SHA256T (Triple Sha256, yes triple, not double)
- Maturity: 250 blocks
- Max coins: 21 - 42 milion (approximate, see below for explanation)
- Addresses start with 1
- P2P Port: 8881 RPC Port: 8882
- Check other details in the source code

Reward scheme:

Proof of Work:
- NO PREMINE
- 0 REWARD until height 500 (approx 3 days, to avoid lowdiff instamine and to allow everyone to get ready)
- After block 499, reward is 50 COINS.
- Halving every 4-8 years (every 420480 blocks, see below for explantion why it is not exact when the halving happens)

Proof of Stake:
- NO REWARD, ONLY TRANSACTION FEES
- A Stake will occur ONLY IF there is a transaction in the mempool that is paying the fee

Because of unique reward structure - "no reward pos blocks", the total amount is not exact:
Case A: Nobody makes a single transaction in the entire liftime of the network, meaning all the blocks were PoW, creating rewards along the way, making the total supply 42 milion.
Case B: There is always a transaction in the mempool, keeping the average block time at 5 minutes, blocks are distributed 50:50 between PoW:PoS, totaling the supply at around 21 milion.
Case C: Things balance somewhere in between, the total supply is still predictable in the medium term <<<--- Most likely scenario

The idea behind the reward structure:
- PoW miners get payed by the network for spending energy and securing the network
- PoS miners (stakers) get payed by people using the network (paying transactions fees) in the begining that is practically zero, but the expenses of running a full node while the network is young is also close to zero (incentive to run a full node grows as the network grows or more accurately, when transaction volume grows)
- Long term competition develops in the fee market between the miners and stakers, pushing the price of fees downwards for the users.

That is all in theory, it is all an experiment. We will see how it goes, if it even starts it started Smiley

Source: https://github.com/theone-and-not-only-coin/onecoin
Win wallet: https://github.com/theone-and-not-only-coin/onecoin/releases/tag/v1.0_newlogo

Paper wallet: Use the same as bitcoin, same address, same prikey import format.

My suggestions to the community for the first steps:
- Try out testnet while waiting the offical launch. P2P port: 18881 RPC port: 18882 (On testnet the reward kicks in at block 20, halving every 1000 blocks, maturity 10 blocks) -- network is live
- Start telling each other some IP addresses for bootstraping (To add in onecoin.conf, e.g. addnode=x.x.x.x)
Code:
addnode=103.240.126.40
addnode=109.241.110.205
addnode=110.55.67.96
addnode=113.61.250.27
addnode=130.83.137.28
addnode=136.243.50.159
addnode=149.202.78.181
addnode=162.254.5.190
addnode=172.106.75.17
addnode=174.100.183.67
addnode=174.88.94.62
addnode=176.50.140.91
addnode=176.79.119.88
addnode=178.150.3.240
addnode=178.234.21.218
addnode=178.39.79.114
addnode=180.150.226.50
addnode=185.52.142.245
addnode=193.164.140.162
addnode=193.83.12.118
addnode=194.96.162.189
addnode=195.114.243.47
addnode=209.177.86.34
addnode=220.245.124.169
addnode=24.246.84.132
addnode=37.218.160.171
addnode=37.6.43.199
addnode=5.137.199.152
addnode=58.243.226.71
addnode=62.141.153.198
addnode=62.182.202.249
addnode=75.135.250.212
addnode=76.68.249.232
addnode=77.111.163.71
addnode=77.250.7.129
addnode=78.141.104.67
addnode=78.205.33.15
addnode=78.46.192.126
addnode=78.94.32.194
addnode=82.160.16.10
addnode=89.142.75.86
addnode=92.81.74.69
addnode=93.103.159.8
addnode=93.103.41.29
addnode=94.23.102.99
addnode=95.53.247.188

- Someone should probably fork the code and add some seednodes and recompile the wallets (line 88-91, chainparams.cpp, currently commented out)
- Change the logo, I did not put much effort into it
Logo updated, tnx to user @osmiumcoin
- Have fun and enjoy your own fair, not premined to hell, no founder reward, open source, ICO free, clean, (no)shit coin cryptocurrency Wink


EXCHANGE
#1

#2

BLOCK EXPLORER

#1

#2
With compliments from @fairglu a CryptoID blockexplorer.
First 2 months are on the house and a 10% off on the regular $10 in BTC per month price.

https://chainz.cryptoid.info/oc/

Hosting can be extended by a donation to
BTC 1F4VXcWtiQmm8BVhruLrhdbXSEAM6FA2FY

Hosting rate for this blockhain is currently $8.9 per month

(Community spirit) 1 : 0 (Greed)

POOL

#1

#2
please add to op:

https://pool.mn/oc

#3
http://yiimp.ccminer.org/

MINER

CPU
cpuminer-opt v 3.5.12 is released with support for sha256t, 29% faster than ocminer version.
Source code and Windows binaries available, link below.

https://bitcointalk.org/index.php?topic=1326803.0

GPU

AMD
GPU Miner is here:
https://github.com/bitbandi/sgminer-oc

I've added Port 8588 for GPU mining (higher diff)

Funded by ocminer, developed by elbandi:
Crownfounding opencl (amd) cpu miner

Here is my deal: a soon as there are 0.25 btc sent to this address, i start to make a public opensource gpu miner:
13dw6aBybHmAHFsy1ndUwWembGNzzPSE9s

(all the same, if only someone send the above value, or more ppl)

So, the communinty has the choice if they want now a gpu miner, or wait for someone else makes it later.
Okay, sent.

Please use phatk kernel so I can see what I missed.

Thanks

NVIDIA

Nicehash cosed source
https://bitcointalk.org/index.php?topic=1777827.msg18092240#msg18092240

Open source ccminer
https://github.com/tpruvot/ccminer

SLACK


TELEGRAM

https://web.telegram.org/#/im?p=s1109268057_1911767768566602972

TWITTER

@OneCoin11

https://twitter.com/OneCoin11

FACEBOOK

https://www.facebook.com/TheGenuineOneCoinCryptoCurrency/

WEBSITE
https://onecoinnetwork.github.io/web/


Donations to Kim (bitcoin/onecoin): 1FpegEt3ax7wkYzGB5GVSpKixb4VHWSJ4X
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February 22, 2017, 10:28:09 PM
 #2

Onecoin


Reward scheme:

Proof of Work:
- NO PREMINE
- 0 REWARD until height 500 (approx 3 days, to avoid lowdiff instamine and to allow everyone to get ready)
- After block 499, reward is 50 COINS.
- Halving every 4-8 years (every 420480 blocks, see below for explantion why it is not exact when the halving happens)


(from github)
Reward scheme:

Proof of Work:

NO PREMINE
NO REWARD until height 1000 (to avoid lowdiff instamine)
After block 1000, reward is 50 COINS.
Halving every 4 years (every 420480 blocks)
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Go XEM Go XEM!!!


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February 22, 2017, 10:36:03 PM
 #3

sounds *LEGIT*

To the Moon XEM !!!!!!!!!!!
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February 22, 2017, 10:55:54 PM
 #4

I saw startup on crackle too. This could be worse... at least its  not an ICO.

Will be checking for that hidden premine when network goes live.

GL
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February 22, 2017, 11:42:43 PM
 #5

onecoin , unocoin , swiscoin  Roll Eyes

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IIII
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☛ NAMETOKEN ICO: 08/02/17 ☚


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February 22, 2017, 11:47:51 PM
 #6

Why the name?there's already an mlm coin named Onecoin,although I like the specs and the algos but people might mistke your coin to the mlm coin Onecoin,could have been better if we choose a unique name for your coin,but anyway goodluck

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February 23, 2017, 12:05:21 AM
 #7

any node ?
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February 23, 2017, 12:09:34 AM
 #8

with no amount in wallet we can stake if there is a transaction on the network, i'm i right?
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February 23, 2017, 03:46:18 AM
 #9

addnode=?HuhHuh?

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February 23, 2017, 04:09:25 AM
 #10

onecoin is old coin and ponzy coin, same the billion coin or e-dinar coin
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February 23, 2017, 04:39:21 AM
 #11

https://en.wikipedia.org/wiki/Onecoin  Grin
KimBasinger
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February 23, 2017, 04:58:27 PM
 #12

I saw startup on crackle too. This could be worse... at least its  not an ICO.

Will be checking for that hidden premine when network goes live.

GL

No hidden premine mate. Why wait for the network to go live if you can check the source now?

https://github.com/theone-and-not-only-coin/onecoin/blob/master/src/main.cpp#L983

Code:
// miner's coin base reward
int64_t GetProofOfWorkReward(int64_t nFees, int nHeight)
{
  int64_t nSubsidy = 0;

  if (!TestNet())
    {
      if (nHeight <= 499)
         nSubsidy = 0;
      else
         nSubsidy = 50 * COIN;
    }
  else
    {
      if (nHeight <= 20)
         nSubsidy = 0;
      else
         nSubsidy = 50 * COIN;
    }

    if (!TestNet())
    nSubsidy >>= (pindexBest->nHeight / 420480);
    else
    nSubsidy >>= (pindexBest->nHeight / 1000);

    LogPrint("creation", "GetProofOfWorkReward() : create=%s nSubsidy=%d\n", FormatMoney(nSubsidy), nSubsidy);

    return nSubsidy + nFees;
}
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http://cryptobunch.com


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February 23, 2017, 05:01:45 PM
 #13

why use onecoin? the name similar with ponzi onecoin.

PiCoin - get in now, signature campaign - No ICO!
KimBasinger
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February 23, 2017, 05:06:31 PM
 #14

Why the name?there's already an mlm coin named Onecoin,although I like the specs and the algos but people might mistke your coin to the mlm coin Onecoin,could have been better if we choose a unique name for your coin,but anyway goodluck

The name was picked intentionaly to make the scamers realize what a real cryptocurrency looks like, you can also consider it a marketing approach for this coin, I do not consider the ponzi OneCoin a cryptocurrency so it is a different product.

I never said this is a nice thing to do, but what they are doing with their ponzi is also not nice.

But like it is mentioned in the ANN, it is strongly encouraged that someone forks the coin. The name can be anything you want.

And also, like already mentioned, from my side this is only a social experiment, it is up to the community if this coin lives, changes its name, or whatever else...

I personaly do not care if it dies before the mainnet even starts.
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Green Mining 85% Cheaper


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February 23, 2017, 05:07:41 PM
 #15

why use onecoin? the name similar with ponzi onecoin.
It's written on the top. I like this idea Smiley
... annoying ponzi scammers ... and a wish to just confuse people a bit.

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KimBasinger
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February 23, 2017, 05:15:33 PM
 #16

with no amount in wallet we can stake if there is a transaction on the network, i'm i right?

You are wrong. You still need to have a positive balance to stake, if you could stake with 0 balance there would be no way for the protocol to function, adjusting the difficulty and picking the nodes that meet the diff target to stake.

There is just no reward to stake, except the fees.
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February 23, 2017, 05:20:22 PM
 #17

dualcore
netmhashps : 0.03495203
KimBasinger
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February 23, 2017, 05:22:24 PM
 #18

All PMs for various bountys, translations and other services will be ignored, so please do not waste your precious time in sending them. Just like you ignored reading the first post Wink

Please read the ANN carefully before posting obvious questions, it explains everything you need to know.

If a serious incentive develops to maintain this coin I am willing on giving the github account access and depending email account as well as this btct account OR locking this topic if a new better one develops.

This is probably my last public message.
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February 25, 2017, 10:54:09 AM
 #19

The developer will only be involved in providing the initial source code for a working coin (and compiling the windows wallet), everything else is left to the community: updating the code, developing other services like mining pools, faucets, translations, setting up slack (or similar chanels), getting the coin on an exchange, advertising, leaving the coin to die...etc

Haha good luck with that Grin I think you can not recreate the environment that bitcoin had, a bunch of people doing stuff pro bono, and especially not with that name.

any node ?

Heres my ip, hope I dont get ddosed from bulgaria for this  Cheesy

Code:
addnode=104.223.117.230

running --testnet and mainnet

https://telegram.me/krile
Nevacoin dev - https://nevacoin.net
1EQChNVM81hGob1kjKC6h9WKDiFB2CQ1F5 - http://node.bit-coin.pw
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name; name-sake; For GODS sake= it's my name!


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February 25, 2017, 11:17:38 AM
 #20

as you may already know the real one coin https://bitcointalk.org/index.php?topic=820302.0   has been out for a very long time and it is still very alive and kicking so why in the world would you use the same ticker as an excising coin?


https://empoex.com/trade/ONE-BTC


1Coin, First 3S PoW Hashing Combo Cool & Fast with a ~40% speed increase and ~15% power decrease compared to X11

Follow 1Coin on Twitter @1coineu and  Facebook for the latest news updates
If you like what I tweet then feel free to retweet.
Let's get ONE to €1




[News]

[01-oct-16 08:11]
v1.2.1.0 - Marketinfo rework + CPR

[21-may-16 16:08]
v1.2.0.0 - binaries updated with all the latest security fixes.

[12-feb-16 08:32]
v1.1.4.1CPR

[07-nov-15 04:50]
v1.1.4.0CPR
https://puredice.com/ 500 satoshi & 5 ONE Faucet

[25-oct-15 00:00]
1Coin's ONE-year Anniversary

[19-oct-15 11:25]
https://puredice.com/ back online

[14-aug-15 08:16am]
v1.1.3.4CPR

[06-aug-15 07:02am]
BTC Faucet on https://puredice.com/

[31-jul-15 15:20pm]
https://puredice.com/ with BTC

[22-apr-15 06:27am]
https://puredice.com/ is up and running. May the dice be with you.


[21-apr-15 05:54am]
New wallet v1.1.3.2 FIX CPR, fixed a crashing issue in the market info.

[20-jan-15 11:15am]
* EmpoEX is now 1Coin's Official Home Exchange

[12-Nov-14 11:29 pm]
New thread internationalization service available. Anyone can read this thread in his or her own language now. See [Thread Internationalization] section below.

[05-Nov-14 5:20 pm]
New *STABLE* windows sgminer 3s v5.0.0 binaries available under the [Miner Binaries] section.
win_sgminer_3s_v5.0.0_native.zip

[Thread Internationalization]

This a readonly translation of this thread from Google Translate. This connection is not secure, you cannot and should not send any privacy sensitive or other information. If your language is not listed, it might be listed in Translate, so just click a language link below and select your language of choice.

If you want to post a reply on the topic, you have to follow the instructions below:
1. Go to Google Translate
2. Translate your reply into english
3. Post your reply in english on the official bitcointalk thread.

Official (English)[Secure HTTPS]
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[Wallet Binaries v1.2.1.0]

Windows 7 32+
  • win_1coin.zip
  • sha256: 3ef0cbfcd234e16680a098f60874013b1edd9ca31c5eaab62243e66adb454864  win_1coin.zip

OSX 10.9+
  • osx_1coin.zip
  • sha256: 3650c04a1152c09bbb13bab1cbb83edd01c7f7bc101b76c362b6f0c1ae9c7d23  osx_1coin.zip

Linux
  • lin32_1coin.zip
  • sha256: 19e3df2c892becb8daa6df2339acdcef4f892dce49f38071f1f0eafa63dde2e3  lin32_1coin.zip
  • lin64_1coin.zip
  • sha256: ce6b726c30bf7599bf427e6bf007ec722b8a47f2fe9a5cf55ff08bdf880dc69c  lin64_1coin.zip

Android


[Miner Binaries]

Windows

Windows Community

OSX

Linux

[Exchanges]


[Sources]

[1Coin Wallet]

[1Coin cpuminer3s]

[1Coin sgminer3s NEW v5.0.0 with 3S]

[1Coin P2Pool]

[1Coin 3S Python Hash Module]

[1Coin Stratum Mining]

[1Coin Abe]

[1Coin Seeder]

[Community Sources]

[cpuminer-multi]

[ccminer-3s]

[About 1Coin]

We want a stable investment environment with potential for the next years to come, accessible for as many people as possible:

Now there's 1Coin, with the world's first 3S hashing algorithm combo for Proof of Work including Binaries4Everyone, providing wallet, cpuminer3s and sgminer3s binaries for the 3 major PC platforms available from launch. Mobile Wallet Infrastructure will be ready in the near future,

[Websites]


[Social]


[Specifications]

  • Stable Litecoin fork with minor enhancements.
  • 15.15 Coins per block (.15==0.99%: dev fund)
  • 100% Proof of Work
  • 3 confirmations for each transaction
  • Total Coins: 21 Million ONE (~20M in 2029, ~20.6M in 2050)
  • Total Blocks: inifinity
  • PoW Algorithm Combo: 3S (shavite, simd & skein) with a ~40% speed increase and ~15% power decrease compared to X11(AMD HD 7950)
  • 2 minute block time
  • DigiShield difficulty retarget
  • Dificulty retarget every 2 blocks with a max difference of 5%
  • 140 confirmations for blocks to mature
  • Block halving every 680.000 blocks (~2.5 year)
  • Certified software engineer working in system engineering
  • No IPO
  • No Premine (Actually 2 blocks to make sure everything is OK)
  • No Instamine
  • ~0.99%/block to dev fund for 1Coin.io costs (e.g. bounties, hosting, marketing, development)
  • 3S CPU & OpenCL GPU miner For both ATI & Nvidia Graphic cards
  • Binaries4Everyone: Static wallet, cpuminer3s & sgminer3s binaries for Microsoft Windows, Mac OSX and Linux.
  • Network port: 1998
  • RPC port:1997

[3S Benchmarking]

AMD HD 7950 [i=19]
X11~2.7 MHash/sec~175W
3S~4.5 MHash/sec~150W

[Road Map]

  • 1a**) Pure Dice - Casino Site. Roll Dice to win BTC and ONE
  • 1b) PureDice promotion
  • 2) PureDice ONE Bonus Points System - ONE Will be used to pay out bonus points, You can use ONE Points to get an extra percentage on your BTC wager
  • 3) PureDice Affiliate System
  • IPhone wallet

(** Currently work in progress)

[Block Explorers]


[Mining Pools]


[Forums]



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