SmallChange [research-only] [Litecoin based] [15 seconds blocks] [*update now*]

[RichG]

SmallChange (SMC) - a 'faster' version of Litecoin which also uses scrypt as a proof of work scheme and is intended for microtransactions.

    *) 15 seconds block targets: beat that MinCoin!
    *) 420 699 680 total coins
    *) no subsidy within the first 3 days and after approximately 5 years; in between: 4 coins per generated block
    *) difficulty retargets every 0.35 days
    *) currently peers are looked up over IRC only
    *) currently no block checkpoints are in the code (but could be easily added)

Other than that, this coin is exactly like Litecoin and should by no means be used as a real cryptocurrency. All of the coin parameters are chosen arbitrarily or at most with 'fairness' towards everyone in mind. [..]

But head over here for the client and more information:
https://github.com/bfroemel/smallchange.git

Cheers!

/edit: layout corrections, topic clarifications and notice:
Any mining efforts are probably wasted efforts. Imagine this coin to be like a small Bitcoin testnet with it's own set of (untested) rules.

binary clients:
Please (learn to) make your own builds. Then you only need to trust the source code and your understanding of it: https://bitcointalk.org/index.php?topic=42465.0

Thanks for the overwhelming interest --> didn't expect that.

updates
2013/04/22  please update before block 15 000

Please include more detailed build instructions for Linux.

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[bopbeep]

Time Since Last Block   0 Hours 50 Minutes 

[Cheshyr]

Time Since Last Block   0 Hours 50 Minutes  

http://sc.dontmine.me/blocksAuth

You appear do be disconnected?  Blocks are coming in every 1-9 seconds, even after the recent difficulty change.

Although there appears to be a heavy duty solo miner out there making bank.. mr unknown.  :-p

[ronaldinho_07]

Time Since Last Block   0 Hours 50 Minutes  

http://sc.dontmine.me/blocksAuth

You appear do be disconnected?  Blocks are coming in every 1-9 seconds, even after the recent difficulty change.

Although there appears to be a heavy duty solo miner out there making bank.. mr unknown.  :-p

my balance even doesnt change at all 

[Cheshyr]

Time Since Last Block   0 Hours 50 Minutes  

http://sc.dontmine.me/blocksAuth

You appear do be disconnected?  Blocks are coming in every 1-9 seconds, even after the recent difficulty change.

Although there appears to be a heavy duty solo miner out there making bank.. mr unknown.  :-p

my balance even doesnt change at all 

As paul21 told us earlier, the script is lagging.  Just relax.  Let it mine.  Take a nap.  It'll catch up once the difficulty slows blocks a little bit.

Probably.

[ninjarobot]

Did the pool just die?

[dennisbs]

Do you have a link to find a good windows clients?  how to minner or how to buy?

[alex_fun]

who tried win binaries already?  and yes blocks are going fast. Who is going to make exchange site for it? It seems at least somewhat faster and auto diff adjustment

[Cheshyr]

Did the pool just die?

Appears so.

We were getting a lot of blocks from Unknown in there, all the sudden.  I wonder if we just got 51%'ed.

What is the goal of this experiment anyway?

[bopbeep]

Do you have a link to find a good windows clients?  how to minner or how to buy?

Balthazar posted one on page 5 comment #85

Did the pool just die?

lol it's down for me

[alex_fun]

Win binaries.

https://docs.google.com/file/d/0B4cZ4tPn0KAtV001U2t3S1h0UnM/edit?pli=1

Published on google disc also.

// went to sleep

[ronaldinho_07]

Do you have a link to find a good windows clients?  how to minner or how to buy?

Balthazar posted one on page 5 comment #85

Did the pool just die?

lol it's down for me

for me,too
switching to solo mining  

[hashunter]

Experiment just ended 

[js2082]

only got rejected blocks...

[TheSwede75]

Time Since Last Block   0 Hours 50 Minutes  

http://sc.dontmine.me/blocksAuth

You appear do be disconnected?  Blocks are coming in every 1-9 seconds, even after the recent difficulty change.

Although there appears to be a heavy duty solo miner out there making bank.. mr unknown.  :-p

Nothing like making 'bank' of test-coin

[paul21]

Someone DDoS'd my poor little server with 4.5 Gbps

I'll pull the wallet from it (ipv6 is safe) and send the coins out to the miners, but it will be down for at least 24 hours.

[alex_fun]

paul lol thats weird, feather coin pool was fine. Perhaps you can reopen with cloudfare?

[Cheshyr]

Someone DDoS'd my poor little server with 4.5 Gbps

I'll pull the wallet from it (ipv6 is safe) and send the coins out to the miners, but it will be down for at least 24 hours.

You were DDoS'ed?  That's ridiculous.  /facepalm  Who...  why...  arg.

Right.  The internet.  

I bet it wasn't a DDoS...  just a botnet that wanted to join in the scrypt mining.  :-p

edit:  let us know if there's anything we can do to help.  CloudFlare Free isn't a bad idea.  I may pick it up for my own websites, now that I'm more involved in this type of community.

[alex_fun]

Yes I sent him pm also. Or if someone knows how to make pool maybe we can make it

[TheSwede75]

Stale/Invalid seems to be the 'code-word' for solo mining