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

[Nolo]

Less than fifty minute to run through five days, and that is with the majority of miners hashing wasted on orphans.

So initial difficulty probably needs to be multiplied by more than 24 * 5 * (orphanfactor).

Orphanfactor seems anecdotally to be way up near 100 or so...

-MarkM-

Mine is much higher.  235 orphans.  0 coins. 

[js2082]

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-

Yes this is right. Unfortunately premined by someone else, not by its creator. Oh well, I created it for fun, anyway have fun.
For those with fast machine, good for you guys.

[bopbeep]

gg rip junkcoin
5/4/2013-5/4/2013

[Nolo]

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-

Yes this is right. Unfortunately premined by someone else, not by its creator. Oh well, I created it for fun, anyway have fun.
For those with fast machine, good for you guys.

Why not just fix the problem and relaunch it?  Most of us like the ideas you had.  It sounds like a fun coin.  But the whole beginning stages of it aren't able to be implemented at such a low difficulty.  

[seleme]

It had to fail, I've seen the thread while there was only one reply. If it was good I'd see it when there's only 300 blocks left to be mined 

[markm]

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...

Okay so that needs fixing too. No point having a future-history list of all the "random" awards all the way into the future floating around, which is what will happen as-is.

-MarkM-

[digicoin]

Ha ha FeatherCoin trandition. FeatherCoin is dead, replaced by CHNCoin. CHNCoin is dead, replaced with JunkCoin. Several days in a row

[maunderingcabal]

I don't' believe in mining coins without GUI wallets. If you didn't take time to make a GUI wallet, it's probably premined to hell. Good luck though. I like the name.

[brie]

I've officially solved a block! 5 JKC!

[markm]

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-

Yes this is right. Unfortunately premined by someone else, not by its creator. Oh well, I created it for fun, anyway have fun.
For those with fast machine, good for you guys.

The whole big award in early blocks to fund bounties is pointless then, instead it should be no award at all for the first hundred blocks, which if the initial difficulty is set correctly should take no less than 100 minutes to mine even if all the miners who are able to notice the launch within 100 minutes go back in time to the moment of launch and start mining then.

If you need some set aside for bounties, issue it to a hard-coded address in the first block or something like that.

-MarkM-

[seleme]

There is windows gui wallet.

[monocolor]

anyone create a mining pool??

[RustyShackleford1950]

out of sync, unable to connect to network

[markm]

anyone create a mining pool??

Did a fully accurate step by step guide to adapting p2pool to yet another litecoin clone get published yet?

-MarkM-

[Nolo]

anyone create a mining pool??

Why do you need a pool?  Difficulty is so insanely low your 1998 Nokia phone that plays the Snake game could mine these coins.  

It also wouldn't get anything but orphans either though.  

[monocolor]

gg rip junkcoin
5/4/2013-5/4/2013

lol, already 3rd day, lol. any mining pools!!!

Why do you need a pool?  Difficulty is so insanely low your 1998 Nokia phone that plays the Snake game could mine these coins. 

It also wouldn't get anything but orphans either though. 

I got only rejected ones!!!

[murkanovic]

anyone create a mining pool??

hopefully not.

1) fix the difficulty (that's the easiest part)
2) generate new genesis block (an hour min?)
3) fix for the future-history (well, that's way over my head)
4) pool (?)

[e777]

port?

[seleme]

anyone create a mining pool??

hopefully not.

1) fix the difficulty (that's the easiest part)
2) generate new genesis block (an hour min?)
3) fix for the future-history (well, that's way over my head)
4) pool (?)

Where are you from, that nick sounds like Balkan, precisely Bosnian surname?

[whj]

7TcFBsN69fkQ4hH8uVc5DGp9N2BiST1rvc
My address ，Give me some?