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Author Topic: [ANN] Minereum - First Self Mining Smart Contract  (Read 434275 times)
cryptospreader_temp
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April 21, 2017, 08:19:26 AM
 #381

Update the ANN post with the latest developments, Asset ID and other relevant information.

The minereum wallet shows 32k tokens. However, how I can see mined tokens. How can I send or receive? I can't understand the interface part clearly.
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April 21, 2017, 08:20:16 AM
 #382

Nice job dev!
Very interesting and unusual algorithm of mining, hope the price will be good
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April 21, 2017, 08:24:22 AM
Last edit: June 16, 2017, 08:52:19 PM by minereum
 #383

Tutorial - How to Load and Transfer MNE

Any ethereum wallet can be use to load and transfer your MNE tokens.

In the example below we will use myetherwallet.com (A safe client-side ethereum wallet) to illustrate how to load your Genesis Address tokens and transfer them:

1. Go to https://myetherwallet.com

2. Select Send Ether & Tokens

http://i.imgur.com/QIdRx0M.png

3. Load your wallet, in the example below we use the keystore file

http://i.imgur.com/1I1ql6s.png

4. Click on Add Custom Token, add the following information and Save:

Address: 0x1a95b271b0535d15fa49932daba31ba612b52946
Token Symbol: MNE
Decimals: 8

http://i.imgur.com/iPYeU8H.png

5. To transfer MNE, select MNE in the Amount to Send Dropdown

http://i.imgur.com/iPYeU8H.png

Minereum - The First Self Mining Smart Contract

WEBSITE Ξ TWITTER ΞREDDIT ΞTELEGRAM Ξ ROADMAP Ξ WHITEPAPER Ξ  YOUTUBE
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April 21, 2017, 08:26:13 AM
 #384

https://etherscan.io

minereum Smart Contract address

https://etherscan.io/token/0x1a95b271b0535d15fa49932daba31ba612b52946
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April 21, 2017, 08:26:35 AM
 #385

@minereum
Please, make a post to describe the mining process of Minereum

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April 21, 2017, 08:29:31 AM
 #386

Smart Contract Deployed

Hi everyone,

minereum is now deployed on the ethereum network, the first ever Self Mining Smart Contract.

All 4268 Genesis Addresses were credited with 32,000 coins.

minereum Smart Contract address

0x1a95b271b0535d15fa49932daba31ba612b52946

To add minereum to your ethereum wallet
Address: 0x1a95b271b0535d15fa49932daba31ba612b52946
Symbol: MNE
Decimals: 8

Interface

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"currentEthBlock","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"initialSupplyPerAddress","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"totalSupply","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalGenesisAddresses","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_address","type":"address"}],"name":"availableBalanceOf","outputs":[{"name":"Balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_caller","type":"address"}],"name":"setGenesisCallerAddress","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxTotalSupply","outputs":[{"name":"maxSupply","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"balanceOf","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_address","type":"address[]"}],"name":"setGenesisAddressArray","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"genesisAddress","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"rewardPerBlockPerAddress","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"currentBlock","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"initialBlockCount","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"genesisCallerAddress","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"}]

Checking balances

There are 2 balances in minereum:

1. The overall balance - Function balanceOf()
2. The available balance (aka mined coins) - Function availableBalanceOf()

Mining

As explained in the white paper, "mining" in minereum is performed on the fly with a mathematical formula.

The total coins created is 0.00032 MNE per Genesis Address and per ethereum block.

As we have 4268 Genesis Addresses and as an ethereum block takes an average of 15 seconds, this is the aprox. MNE mined per day:

[TotalGenesisAddresses] * [RewardPerAddress] * [TotalEthBlocksPerDay] = Total Coins Generated Per Day

4268 * 0.00032 * 5760 = 7866.7776 MNE per day

As a comparision example:

ethereum has a total of 5 coins created per block, which makes the total coins generated per day at 28800 ETH.

minereum has a creation rate 72% lower than minereum.

Total Supply

There 2 important supplies in minereum:

1. The overall total supply - Function maxTotalSupply()
2. The available supply - Function totalSupply()

Take into account that minereum has 8 decimals so the return of these functions must be divided by 100000000 to get the real amount of MNE.

maxTotalSupply

Each Genesis Address is now credited with 32,000 coins each.

There are a total of 4268 Genesis Address.

The overall total supply: 32000 * 4268 = 136,576,000 MNE

It will take aprox. 47 years to reach the total supply.

totalSupply

The available supply for transfer can be calculated using this formula:

Code:
function totalSupply() constant returns (uint256 totalSupply)
{
minedBlocks = block.number - initialBlockCount;
availableAmount = rewardPerBlockPerAddress*minedBlocks;
return availableAmount*totalGenesisAddresses;
}

The initial initialBlockCount is 3516521 (April 11, 2017).

By default all Genesis Address will have a mining of aprox 10 days and therefore will have an available balance of aprox 18 MNE.

The available total supply is then: 18 * 4268 = 76824 MNE

Limitations of Genesis Addresses

The Genesis Addresses are the addresses where the initial coins were distributed. There will be no more coins than the ones that were distributed to these addresses, to guarantee the whole function of minereum these limitations apply for Genesis Addresses:

1. Genesis Addresses cannot receive coins. If coins are transferred to these addresses the transaction will be rejected and there will be an error in the ethereum transaction.

2. The available coins for transfer for the Genesis Addresses is limited to what is explain in the "Mining" point. If a Genesis Address attempts to transfer more funds than what is available as per the availableBalanceOf function, an error will be returned in the ethereum transaction.

All other addresses are free of these limitations.

Source Code

https://github.com/minereum/Minereum/blob/master/minereum.sol

you need to read this @nillohit
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April 21, 2017, 08:31:22 AM
 #387


Bravo Dev. Great job. I got my coins. Look forward to the exchanges.

nice  coin

how  join  the  coin  now?
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April 21, 2017, 08:35:06 AM
 #388

MNE tokens received Smiley

Thanks Dev!
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April 21, 2017, 08:39:11 AM
 #389

Received. Thanks!
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April 21, 2017, 08:41:58 AM
 #390

so for each Genesis Addresses it will mine around 1.36 mne per day by it self
or do we need to do anything at all Dev ?

it will produce by it self for each Genesis Addresses ?

mined by the code itself

Only genesis adresses can mine ? With 32000 minimum coins ?
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April 21, 2017, 08:45:49 AM
 #391

so for each Genesis Addresses it will mine around 1.36 mne per day by it self
or do we need to do anything at all Dev ?

it will produce by it self for each Genesis Addresses ?

mined by the code itself

Only genesis adresses can mine ? With 32000 minimum coins ?

yet, Only genesis adresses can mine.  1.36 mne per day
took 47 years to mine all 32 k
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April 21, 2017, 08:46:29 AM
 #392

Tutorial - How to Load and Transfer MNE

Any ethereum wallet can be use to load and transfer your MNE tokens.

In the example below we will use myetherwallet.com (A safe client-side ethereum wallet) to illustrate how to load your Genesis Address tokens and transfer them:

1. Go to https://myetherwallet.com

2. Select Send Ether & Tokens



3. Load your wallet, in the example below we use the keystore file



4. On the left side, click Add Custom Token, add the following information and Save:

Address: 0x1a95b271b0535d15fa49932daba31ba612b52946
Token Symbol: MNE
Decimals: 8



5. To transfer MNE, select MNE in the Amount to Send Dropdown



Make quote this post visible the picture for all. Is distribution of this token has been started.

https://etherscan.io/token/0x1a95b271b0535d15fa49932daba31ba612b52946

This address is still unverified.


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April 21, 2017, 08:51:02 AM
 #393

yes, [Smart Contract Deployed/b]
read above 6 lines
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April 21, 2017, 09:00:22 AM
Last edit: April 21, 2017, 10:58:31 AM by nightwishx
 #394

wts 2000Sat=1 MNE Wink
only 32k MNE,PM price..


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April 21, 2017, 09:12:28 AM
 #395

I am totally lost with mining, despite having read posts and OP.

Who can mine ? Only genesis adressees ?
If so, are the 32000 coins blocked ?
If so, only mined coins can be transfered and sold ?

If I transfer 50% of my coins from my genesis adress to another adress or for sell on exchanges, what does happens with mining ?
May the receiver adress mine also ?

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April 21, 2017, 09:16:13 AM
 #396

Thanks Dev!!!! Tokens MNE successfully received!!! Cool
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April 21, 2017, 09:28:50 AM
 #397

Just read about the project, the idea of making the coins available slowly over 47 years seems a bit delicate. How many people do you think will still have access to their addresses by then (or in 1 year, 2 years) or how many will still remember about it? I estimate that probably at least a quarter to a half of all coins will be lost.

Maybe if it was thought differently, if it was a modified PoS system with these principles it would have been a bit better. I'm curious what the reaction will be of all those people that haven't yet understood the system when they'll see that actually just a few tens of MNE are available to them as of now.

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April 21, 2017, 09:31:31 AM
 #398

I can't able to see Minereum Tokens in my wallet.  What's wrong?
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April 21, 2017, 10:31:50 AM
 #399

OK, Tokens received.

But still ethplorer.io is not showing this token yet.
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April 21, 2017, 10:58:36 AM
 #400

can i get MNE with my ethereum wallet ?
but not myetherwallet
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