I think you should wait a "ready to mine pool" to realease the coin. I guarantee it could be succesfull.
I'm actually planning to have a pool/forum/exchange all on a site somewhere which should be up in the next week or two. In the meantime, I expect that the p2pool gurus and others who may be interested in the coin will build their own pools.
With 3 days between now and the release, there are likely to be one or two pools available on the day of release.
I will try to set up a p2pool.
I hope it isn't such a PITA like CHNcoin..
Ah, here's one now, lol! Can you tell me what specifically was difficult about setting up p2pool for CHNcoin...? If you can let me know I will do best to help avoid those difficulties.
Even though it is a test coin I want to be able to test it under real mining/usage conditions so that when APCXS releases I can know what to expect on a full-scale.
The coin is labeled as a test coin, but I fully intend for people to use it and mine it. I want to know what it's flaws and draw-backs are in a real-world application.
Bitcoin was released as a beta application and over time grew into something worth mining. 0pticoin while being a beta application on it's way to becoming APCXS may have it's own real-world potential in some real-world applications, I will never know until it is tested.
But my main reason for doing a full release of a "sandbox" coin is to see how it responds when used in real-world applications on a full-scale.
I understand that you want a real world test. But will you decide if the test failed and then kill the coin? You "expect people to use and mine it" but if you feel it isn't working out then people might be a little peeved that the project was killed.
I hear what your trying to do. But, IMHO, you will get more respect if you only release the final version coin. Your coin isn't Bitcoin, so what they did doesn't apply to any other coin but Bitcoin.
I can already hear people saying... "yea that is the guy who released 0pticoin, which failed and I wasted my time mining". Scam, hate, etc.
You can get a real world test if you beta the coin with miners. You can get plenty of people to help. Since you're not changing much, how much do you have to test?
Your thread title also says - new coin, mine me, make money, fully working, not scam... should say - TEST COIN, SANDBOX, Wanted Testers.
It is unlikely that I will ever just "give up" on the coin. But in the event for some reason I do and I abandon the project entirely, if the coin is worthy of standing on it's own virtues at that point then I believe it will survive due to it's open-source nature as I suspect the community at large would pick up it's development. But I am very unlikely to give up on it's development, I plan for this to be the staging platform for new features before I add them to other currencies I intend to develop for niche purposes. This will be an active and on-going project.
I'm also quite certain that I won't have to do it all alone as the source will be hosted on my github (the source available on my git now is not current and nor will it be until the coin's final release, I will push the source from my linux box at 6pm GMT on May
and I'm sure the community members at large who are interested will have their own pull/commit requests to add.
And I haven't changed much for the initial release because the initial challenge was just compile my own fork successfully to familiarize myself with the process of creating a new coin (baby steps). Now I will continue to add/edit the source code to familiarize myself with the code intimately and learning over time how both the code and the client/network itself respond to various settings.
Bitcoin isn't in final release, it's still in development and people use it and mine it, I'm basically doing the same thing but using this client as a staging platform to test new features for my other projects.
And I would like to see this coin traded, I have no problems with people selling/trading the coin, it's the only way to test my chosen block times, re-target times, potential issues with new features in an exchange environment when I implement them. This is why I will host my own pool/exchange/development-forum somewhere so those who are interested can mine it, trade it and make dev suggestions, hold discussions, etc...
I don't see any reason why a coin shouldn't be able to be traded, used and mined while it's still under development, EVERY other coin available is still under development, lol...
why not release it with a crazy difficulty at the beginning,
then such bitbar-scams will not happen. in fact dificulty will go down if needed,
remember satoshi took days just to mine the genesis block, you should target at least that kind of difficulty,
look, just because the coin will generate blocks every 90 seconds doesn't mean the first days it has to generate blocks every 90 seconds,
could be a fair innovation.
Well, the starting difficulty I've chosen is already higher than litecoin, junkcoin, smallchange and the other litecoin alts I've seen.
With a starting higher difficulty and a well thought out difficulty re-target algorithm (I will likely add upper/lower limits to the amount the difficulty can adjust each re-target period and possibly change the actual re-target interval itself) I believe the coin will start with a very stable network and I believe it will hold in stability as the network fluctuates.
And if Satoshi generated his genesis block the same way I did then it wouldn't have taken him 6 days, it would have taken him an hour. I'm not sure if he used the same method as me (as suggested per sacarlson's multicoin github), but I believe it is a distinct possibility.
in fact dificulty will go down if needed
@ c4n10
For the artifically halved difficulty if block is not found after X minutes check
Terracoin 0.1.3-36 or newer stable client, they have it working properly. Very desirable feature.
Thanks for the suggestion, I will take a look/read.
LOL guys. Just because you were so late with BitBars you are now QQing.. Just realize that BitBar isn't a scam, but the most innovative alt coin out of the new ones.
I don't see BitBar as sticking around for the long-term personally, but if that's your chosen client I wish you luck with it.
