JKC, the newest Litecoin-based alt coin has arrived!

[markm]

Are the "random" numbers used to make the rewards "random" deterministic, so that all nodes will all agree on the correct "random" reward for each block?

Because if they do not agree what reward the block should have, they will reject it, the net will split and split and split constantly as each node comes up with a different concept of what the correct block reward for a particular block should be...

At a quick glance I don't see the necessary determinism... where is it? If it is there at all?

-MarkM-

Yes it is. Using boost Mersenne Twist which is deterministic. So theoretically it is not completely random, it is pseudo random

And the block hashes or headers or some such are used to seed it each block so that people cannot pre-compute the entire future-history of which blocks will have the super-high rewards?

-MarkM-

[1714101346]

1714101346

[1714101346]

1714101346

[1714101346]

1714101346

[js2082]

man, someone get big things

$ ./junkcoind.exe getinfo
{
    "version" : 60300,
    "protocolversion" : 60001,
    "walletversion" : 60000,
    "balance" : 38500.00000000,
    "blocks" : 974,
    "connections" : 20,
    "proxy" : "",
    "difficulty" : 0.00024414,
    "testnet" : false,
    "keypoololdest" : 1367614235,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00010000,
    "errors" : ""
}

big fishes??? post here guys, let small fishes get some junks, lol!

And the block hashes or headers or some such are used to seed it each block so that people cannot pre-compute the entire future-history of which blocks will have the super-high rewards?

well you are right, I should have used the block hash, but I was too lazy...

[brie]

How high is the starting difficulty? Are the blocks starting to be found at faster than the target speed already or is the starting difficulty high enough that is is going to take a lot more miners than have even seen the thread yet before the time between blocks becomes as fast as the target time?

-MarkM-

Look how low the difficulty is!



{
"version" : 60300,
"protocolversion" : 60001,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 1112,
"connections" : 25,
"proxy" : "",
"difficulty" : 0.00024414,
"testnet" : false,
"keypoololdest" : 1367643426,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}

[Caesar V]

Edit: nevermind, noob question

[brie]

I've mined about 22k JKC but they all got orphaned...

Oh well, it's to be expected this early on.

[monocolor]

miserable me, I got only 2 blocks then all the rest are rejected... big fishes have mercy...
BTW, anyone start a mining pool for our small fishes?? there are bounty also!

[mtbitcoin]

lolz.. looks like we are already down to 200 coins/block. So I guess this counts as day 2 

[bopbeep]

lolz.. looks like we have are already down to 200 coins/block.

wow, second day already!

[mtbitcoin]

lolz.. looks like we have are already down to 200 coins/block.

wow, second day already!

Its been like what, 30 mins from the OP .  

Accelerated time travel

[markm]

How insanely low was the initial difficulty set at?

How freaking high does it need to be these days, as no coin lately has managed to set it anywhere near high enough despite each having the previous failed value to multiply a bunch higher yet again to get closer to a reasonable value yet none have been anywhere near sane. How much are they each multiplying the previous fail by in their attempt to get it right?

-MarkM-

[carebear]

WTB JK @ 10 LTC / 1k JK

[Nolo]

163 accepted blocks.  0 coins.  All orphans.  

[js2082]

what is junkcoined.exe?

this is the daemon. you use daemon to get status etc.

lolz.. looks like we are already down to 200 coins/block. So I guess this counts as day 2

hope difficulty will be adjusted soon

[mtbitcoin]

WTB JK @ 10 LTC / 1k JK

Sold, PM for details 

[bopbeep]

WTB JK @ 10 LTC / 1k JK

lololololololol

[js2082]

How insanely low was the initial difficulty set at?

How freaking high does it need to be these days, as no coin lately has managed to set it anywhere near high enough despite each having the previous failed value to multiply a bunch higher yet again to get closer to a reasonable value yet none have been anywhere near sane. How much are they each multiplying the previous fail by in their attempt to get it right?

-MarkM-

same as litecoin

[Caesar V]

I can't sync my wallet, wtf  

I have 0 connections, weird. All my other wallets work.

[bopbeep]

arg
149 orphans/150 blocks
no point in mining

[iamrickrock]

same here, closing it down not worth it to me, back to Bitbar

[markm]

How insanely low was the initial difficulty set at?

How freaking high does it need to be these days, as no coin lately has managed to set it anywhere near high enough despite each having the previous failed value to multiply a bunch higher yet again to get closer to a reasonable value yet none have been anywhere near sane. How much are they each multiplying the previous fail by in their attempt to get it right?

-MarkM-

same as litecoin

Litecoin was years ago, and probably already too low even way back then.

Recently blocks have been one second or less apart at such low difficulty, so it needs to be higher by at least the number of seconds there are in the actual target time between blocks just to stretch that second out so we can see how much actually less than a second it is between blocks. Most likely it needs to be even more increased than just by the number of seconds in the target time.

Basically it is just another pre-mine all over again, nothing learned at all from the previous pre-mined-in-public-sight coins.

The lesson evidently being, pre-mining is the way to go, anyone who doesn't pre-mine is just leaving money on the table they and their buddies should have had the sense to grab.

-MarkM-