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Author Topic: [ANN][ONC] Onecoin - CPU only - Pools opened!  (Read 73641 times)
cre8r
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May 09, 2013, 03:30:38 PM
 #1


Onecoin

Onecoin is cryptocurrency drastically different to any of existing ones. While some altcoins aim for the title of the most expensive coin and a base for long-time investments, their value is still comparable to that of Bitcoin. I decided to go further and bring this idea to its logical conclusion. With Onecoin, there will never ever be more than a single coin mined. Apart from exceptional value of the coin, there is one more advantage - the number you see in your wallet means the share of total wealth you own.

  • Maximal money amount is one coin (actually 0.999999999987 because of rounding).
  • Scrypt-jane implementation from Yacoin. Currently only CPU mining is possible.
  • 2 minutes block target.
  • Difficulty retargets each block (PPCoin's implementation).
  • Maximal block reward: 500 nano-OTC.
  • The first 1000 blocks will have no reward, then the reward will gradually grow up every 500 blocks to 500 nano-OTC during first 25500 blocks, and after that default rules will apply. This will ensure that the launch is fair. No premine!
  • TX fee: 10 pico-OTC.
  • Subsidy is cut in half every 1000000 blocks, which will occur approximately every 3.8 years.
  • Decimal precision is changed from 8 digits to 18.
  • Additional display units added to the QT client to make amounts more readable: nOTC, pOTC, fOTC, aOTC.
  • Default port: 8555 (18555 for testnet).
  • Default RPC port: 8554 (18554 for testnet).
  • Onecoin is based on the latest Bitcoin sources and will follow Bitcoin updates closely.

Note: The hashing algorithms and Nfactor calculation is different from that of Yacoin. Use the provided cpuminer only!

Windows binaries: http://sourceforge.net/projects/onecoin/files/onecoin-qt-v.0.1.0.zip/download
Sources: https://github.com/onecoin/onecoin. Checkout tag v0.1.0 for current version.
cpuminer sources: https://github.com/onecoin/cpuminer

Pools: http://onc.coinmine.pl/ and http://onc.serverpit.com/
Use the attached cpuminer!

Exchanges: Manual trading for PPC on PPC marketplace: http://ppcoin.org/market (discussion: https://bitcointalk.org/index.php?topic=238604.0)
The bounty for the first automated exchange is still here!

Faucet: http://onecoin.faucet.tmd.ee/ (gives out 50 nONC)



Discussion: here and on CryptoCoinTalk: https://cryptocointalk.com/forum/233-onecoin-onc/

I will be very thankful if you would wish to donate some of your mined nONCs for bounties and giveaways. All collected funds will go only for promotion of Onecoin.
Donation address: oKG3WZAG2d5BXDmvKVT6pKKrkoqGFeCepw

Bounties (thanks to Aggrophobia and turtle83!):
First pool - 100µONC Given to feeleep and FaT
First p2pool - 50µONC
First Block-Explorer - 20µONC
First exchange - 20µONC
First Game - 10µONC


Mining instructions - easy mode
Run onecoin-qt.exe. Open console (Help -> Debug window, then switch to Console tab), paste the following command and hit enter:
Code:
setgenerate true

Mining instructions - hard mode, but more hashes per second
Run onecoin-qt.exe, then close it. Go to \AppData\Roaming\Onecoin and create file onecoin.conf with following contents:
Code:
rpcuser=onecoinrpc
rpcpassword=<password>
server=1
rpcallowip=127.0.0.1
Start minerd:
Code:
minerd-x86_64-avx.exe -a scrypt-jane -o http://127.0.0.1:8554 -u onecoinrpc -p <password>
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spoid
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May 09, 2013, 03:31:23 PM
 #2

Haha, I've been waiting for this.

/Edit/ Found this. Seems good to go:


with great beard comes great liver. Reputation Thread: https://bitcointalk.org/index.php?topic=195803.0
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May 09, 2013, 03:34:44 PM
 #3

From MinCoin to BitBar, and now the logical conclusion: OneCoin. Hah!
cre8r
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May 09, 2013, 03:36:37 PM
 #4

Haha, I've been waiting for this.

/Edit/ Found this. Seems good to go:


One Coin To Rule Them All. That's nice, thanks!
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May 09, 2013, 03:38:24 PM
 #5

Damn you copyrights. This would be too wonderful Sad

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AzureEngineer
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May 09, 2013, 03:40:38 PM
 #6

OneTooManyCoin

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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May 09, 2013, 03:41:32 PM
 #7

if its scrypt .. i dont care
cre8r
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May 09, 2013, 03:41:42 PM
 #8

Damn you copyrights. This would be too wonderful Sad
I'm planning to make the logo just like that of Litecoin, but with letter 1 instead of L.
if its scrypt .. i dont care
ASIC owner in this thread? Lol.
mr_right
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May 09, 2013, 03:41:48 PM
 #9

One coin is too many. I'm waiting for the NoCoin.
Invest0r
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May 09, 2013, 03:45:26 PM
 #10

This is a really bad idea..

Speculating..
vinne81
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May 09, 2013, 03:48:38 PM
 #11

This is a really bad idea..

Please rename your new coin to pointcoin because nothing changes except the decimal point. Nopointcoin would be a nice alternative.
TheSwede75
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May 09, 2013, 03:48:48 PM
 #12

Wait.. what? A JR Member launching a new shitty coin that brings nothing new? WOW, can't remember when this happened last. How revolutionary!
Well, he DOES have 14 posts so this got to be legit, I better buy several new mining rigs for this amazing coin! WOOHOO!
cre8r
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May 09, 2013, 03:50:37 PM
 #13

vinne81, TheSwede75, you guys made me laugh. Thanks!
BTW you can compare our registration dates.
cryptohunter
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May 09, 2013, 03:56:12 PM
 #14

like the name, and cool idea. Need a few differences from litecoin perhaps to make it stand out.

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May 09, 2013, 03:58:44 PM
 #15

Here's a little tip, that all these new coin developers seem to miss out on. Do NOT start beginning difficulty at 0.  I can't tell you what the best starting difficulty would be, but I think we all should agree that 0 is not it. 

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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May 09, 2013, 04:02:42 PM
 #16

Is this the anti-coin, fortold by Bitcoin Jesus? One coin that ends everything?  Cheesy

They see me minin'... they hatin'...
thesnoo23
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May 09, 2013, 04:05:55 PM
 #17

Ok, you detractors, I might be incorrect here, but I don't think this is meant to be a serious coin. It's meant to make fun of all the supporters of new altcoins with smaller and smaller caps that are 'designed' to help 'increase the coins value'. It's drawing attention to the fact that all you're really doing with ultimate caps is moving the decimal place around.

Of course, I could be wrong, and this could be serious, in which case I would have to say it's fairly retarded. Tongue

If you like my rants, feel free to give me your coins! Cheesy
LTC   LT6vwfeFGxjsdE62GC2Z7yw8yWC9HNWBxk
BTC   1PcPcdAJQXeA8a65sqcSVHuAL6Uv29dM2W
cryptohunter
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May 09, 2013, 04:07:13 PM
 #18

Here's a little tip, that all these new coin developers seem to miss out on. Do NOT start beginning difficulty at 0.  I can't tell you what the best starting difficulty would be, but I think we all should agree that 0 is not it. 

i agree start it a little higher and even better make it cpu only till someone cracks it. I know early adopters are required but just not so heavily weighted in their favour. I think the lottery blocks like massive block rewards that can be found later and later in the chain will keep people interested.

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cre8r
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May 09, 2013, 04:08:53 PM
 #19

Here's a little tip, that all these new coin developers seem to miss out on. Do NOT start beginning difficulty at 0.  I can't tell you what the best starting difficulty would be, but I think we all should agree that 0 is not it.  
That's a good point, do you think that 0.25 is a suitable starting diff?
Ok, you detractors, I might be incorrect here, but I don't think this is meant to be a serious coin. It's meant to make fun of all the supporters of new altcoins with smaller and smaller caps that are 'designed' to help 'increase the coins value'. It's drawing attention to the fact that all you're really doing with ultimate caps is moving the decimal place around.

Of course, I could be wrong, and this could be serious, in which case I would have to say it's fairly retarded. Tongue
I don't make conclusions of seriousness of this attempt. It's just a try to make something a bit different, and if it won't be supported by the community, I won't be upset.
Too little differences versus already existing altcoins. Check how Royalcoin failed and get some clues from it.
So did Bytecoin, Feathercoin, CHNCoin fail?
thesnoo23
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May 09, 2013, 04:13:29 PM
 #20

royalcoin failed because the blocks go by so quickly that you barely have any time to throw a few kH at it Tongue

If you like my rants, feel free to give me your coins! Cheesy
LTC   LT6vwfeFGxjsdE62GC2Z7yw8yWC9HNWBxk
BTC   1PcPcdAJQXeA8a65sqcSVHuAL6Uv29dM2W
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