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Author Topic: *update client [ANN] BitBar New POW-POS scrypt CryptoCoin  (Read 57543 times)
xorxor
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May 02, 2013, 05:30:04 PM
 #1

/edit:
new client available

download : http://bitbar.biz/


Hi!
I just recieved a PM to announce this coin.

so here you are:


The unique alternative to bitcoin.
 
This is a compilation of two projects by two groups: RareCoin project, and FairNova project.
It is possible to join all features in one coin, so we did just that. It is a crypto-token, designed to be investment, preservation of wealth.
Most advanced technology from Novacoin, but with public start. unique features of RareCoin.
Get your digital gold bar !
  
Ultra rare
POW+POS
Fast, continuous difficulty and reward calculation
Fair start:
no foreign forum pre release
no premine
no slow diff corrections for hours of instamining
no super-blocks at start
all binaries available
reward of 1 BTB per 10 minutes and quickly dropping
scrypt hashing

BitBar is not just another simple litecoin 30 minutes done clone.
 Increasing reward and speed is easy.
 Those networks are more vulnerable to double spend, spam and dust, but it works.
 Even bigger problem is coming. Soon, outdated difficulty adjustment will crash those networks.
 Decreasing reward in Bitbar is not just a quick move.
 Every parameter is simulated and than tested on a live alpha network.
 -no more rounding of reward down to two decimals
 -heavily reduced Stake low-limit for small number of Bars
 -adequately decreased fees
 -new dynamic first connection and search for new nodes. Doesn't need client update for fixing connections.

  Scrypt chasing itself is no longer chain-jumping anti-resonance protection. Bitbar includes modified PPC's 'exponential moving average' difficulty/reward adjustment introduced in NVC. It's modified in a way that reward decreases a little slower, so first players don't have so much advantage over later ones.
 With simulations and testing, chain should operate smoothly for years.
 no resonance,
 no high-diff crash,
 no high-fee problems,
 no spam and dust problem,
 no connections problem.
 We take lessons from competitors mistakes.

We will ask a respectable forum member for announcement. Making new account just to stay cryptonymous sounds fishy.





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May 02, 2013, 05:33:49 PM
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too many coins.

xorxor
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May 02, 2013, 05:35:54 PM
 #3

too many coins.


check this one out.

I wouldn't post this if i didn't find it interesting.

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May 02, 2013, 05:42:58 PM
 #4

So, they asked you to announce it because you are a respected forum member with good familiarity with the source code who can thus assure us that he has inpected it, done a diff againsts other coins to ensure nothing fishy has been added and so on?

I am surprised you didn't mention the lengths you have gone to between being asked to announce it and actually annluncing it with regards to checking it is all good... Since that surely is the whole point of having a respected forum member do the inspection and announcement?

As it is a reader of the OP might think you simply turned around and announced it without doing due diligence of the code and the binaries...

-MarkM-

EDIT: ALso, at ten minutes per block there are a huge numbers of blocks, how much hashing power was the intial difficulty designed to expect would jump on the coin initially? It was obvious surely a huge amount would? Even if twice as much as jumped on Feathercoin jumped on this one the blocks should still be about  5 minutes apart, surely? How much more hashing DID jump on it than on Feathercoin?

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May 02, 2013, 05:46:59 PM
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So, they asked you to announce it because you are a respected forum member with good familiarity with the source code who can thus assure us that he has inpected it, done a diff againsts other coins to ensure nothing fishy has been added and so on?

I am surprised you didn't mention the lengths you have gone to between being asked to announce it and actually annluncing it with regards to checking it is all good... Since that surely is the whole point of having a respected forum member do the inspection and announcement?

As it is a reader of the OP might think you simply turned around and announced it without doing due diligence of the code and the binaries...

-MarkM-


just downloaded, scanned, opened in sandbox [comodo] and checked for suspitionous activity. didn't looked at code, im not a coder, wouldnt see anything.  also synced client and checked if there is no blocks, and there were none, no premine. this is quick for me because i did it everytime a new coin arrives.

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May 02, 2013, 05:47:29 PM
 #6

Did they pay you to announce it because you're a long-time forum member?
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May 02, 2013, 05:49:26 PM
 #7

There were no blocks? How many hours ago was this? There are shitloads of blocks, it looks to be pre-mining even as we write.

What the heck initial difficulty was it?

-MarkM-

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May 02, 2013, 05:52:52 PM
 #8

Having the reward drop is not a good idea.  That's basically mincoin.
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May 02, 2013, 05:53:08 PM
 #9

{
"version" : "v0.4.0.0-g32a928e-beta",
"protocolversion" : 60005,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 21.87756500,
"stake" : 0.00000000,
"blocks" : 742,
"moneysupply" : 665.50653700,
"connections" : 7,
"proxy" : "",
"ip" : "xxxxxxxxxxx",
"difficulty" : 0.00101292,
"testnet" : false,
"keypoololdest" : 1367516191,
"keypoolsize" : 102,
"paytxfee" : 0.00000000,
"errors" : ""
}
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May 02, 2013, 05:53:48 PM
 #10

get only orphan
i give up  Undecided
xorxor
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May 02, 2013, 05:55:25 PM
 #11

There were no blocks? How many hours ago was this? There are shitloads of blocks, it looks to be pre-mining even as we write.

What the heck initial difficulty was it?

-MarkM-


i had "out of sync" and zero blocks , no more tjhan a minute after announce blocks started arriving.
not to hide anything, when i saw blocks comming in, i launched my own miner, im not going to lie i didnt.

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May 02, 2013, 05:56:19 PM
 #12

get only orphan
i give up  Undecided


this is a "natural" way of rising starting diff. i got 200 orphans and 5 accepted

xorxor
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May 02, 2013, 05:57:18 PM
 #13

Did they pay you to announce it because you're a long-time forum member?

no, but im kinda paid by being  one of the first miners.

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May 02, 2013, 05:59:47 PM
 #14

Code:
Even bigger problem is coming. Soon, outdated difficulty adjustment will crash those networks.



Source code is here: https://github.com/aLQ/bitbar
It appears to be a fork of novacoin with tweaked parameters

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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May 02, 2013, 06:01:35 PM
 #15

Got 5 accepted, 5 rejected, total 2.2 BTB.

ShareCoin Free and Fair Distribution. Sc8XY5PmHK1NJ2DNvJhS82AQVFwMGimX8w
Rubberduckie
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May 02, 2013, 06:02:06 PM
 #16

 conf name?

markm
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May 02, 2013, 06:02:22 PM
 #17

Pre-miners, you mean.

This thing is being pre-mined right now, you are one of the pre-miners.

Blocks seem to be coming in every second or so, it is in pre-mining mode, difficulty deliberately started ridiculously low so the the author could start mining a block a second or more while you set up your mining then you mine a block a second or more while preparing to post and so on.

It looks like no attempt at all was made to set the initial difficulty at a reasonable level, instead the whole thing is designed specifically, like mincoin, for pre-mining.

How fast are blocks being found, and what is the command people need to use with e.g. cgminer to make it not expect at least a minute between blocks? (As otherwise no wonder everyone finds only stales, sixty blocks have gone by by the time they check for new work.)

This is basically deliberately designed as a pre-mining scam.

-MarkM-

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May 02, 2013, 06:02:46 PM
 #18

20 accepted, 30 rejected

all orphans
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May 02, 2013, 06:02:51 PM
 #19

conf name?

BitBar
ronaldinho_07
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May 02, 2013, 06:03:39 PM
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conf name?
bitbar.conf
i got 55 blocks and all of them are orphan blocks
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