[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine

[JimmyFL]

What time this coin starts in German Time ?
I dont know the time zone of Bitcointalk

07:59:27

You can set your time zone in Profile settings (Look and Layout Preferences).
Set the timeoffset to 2 (Current forum time: 13-05-2013, 21:38:23 = GMT => you need GMT+2 [one zone to east + summer time])

[hercules]

I'd like to know if it is normal that I get this error message:

elacoind: main.cpp:2078: bool LoadBlockIndex(bool): Assertion `block.hashMerkleRoot == uint256("0x97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9")' failed.

Do I have to start the daemon only AFTER the genesis block is released?

[mr_random]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

[thesnoo23]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Also, it's being put out ahead of time, with a scheduled launch date and supposedly no premining(although you can't really tell that until you look at the chain on day 1), so that's a novel new approach compared to the rush of new coins that have been announced ten minutes after the genesis block is mined.

[Chrisoldinho]

When will the windows client be released?

[MobGod]

I know a lot of people asked but the timne for release is 6:00 am EST or do i have the wrong? Also where are the files for this no git?

[Northwave]

Someone integrates this in a pool ?

I have problems with cgminer running Solo

[iGotSpots]

I know a lot of people asked but the timne for release is 6:00 am EST or do i have the wrong? Also where are the files for this no git?

Should be 2AM Eastern accoring to the first post's timestamp

[mr_random]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

[jomay]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Yes, in hyperinflation manner, but since you crapcoin supporters don't know anything about money supply anyway it will probably work for you. For a while.  

+1
I also mentioned it in my prev post. My post was probably too long for peoples short attention span disorder.

[WindMaster]

I'd like to know if it is normal that I get this error message:

elacoind: main.cpp:2078: bool LoadBlockIndex(bool): Assertion `block.hashMerkleRoot == uint256("0x97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9")' failed.

Do I have to start the daemon only AFTER the genesis block is released?

Yeah, that assertion in the code verifies the correct genesis block.  What you'll need to do is do a new git pull (or clone) when the final daemon is released.  If you're bored, you can also just remove the assertions in main.cpp, remove the always false "if ( false && " condition after the second assertion, recompile, and proceed to mine your own genesis block and start testing.  It won't be the right genesis block once the coin is released though and the genesis block hash is probably going to get changed in the final git version.

[aikklond]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

this denies a Feather Coin situation.

[🏰 TradeFortress 🏰]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.

[TheSwede75]

I'd like to know if it is normal that I get this error message:

elacoind: main.cpp:2078: bool LoadBlockIndex(bool): Assertion `block.hashMerkleRoot == uint256("0x97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9")' failed.

Do I have to start the daemon only AFTER the genesis block is released?

No by all means, start mining without genesis block. Report back on progress! 

[rosefox911]

It will be released at 2 AM Eastern Time. Not sure where you people are getting 6 AM EST from.

[jomay]

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.

constant - for the individual miner
but overall: monetary hyperinflation.

But it won't get there, it'll die because nobody with brains will buy it.

[Devianttwo]

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.
Also a note. when I started all this up for testing I already saw the Genesis block listed. Doesn't mater though since you can't connect to the network yet as he has it off on purpose.

[rosefox911]

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.

This place has a 10% pool fee. There is no way in hell that is worth it.

[Devianttwo]

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.

This place has a 10% pool fee. There is no way in hell that is worth it.

Old setting... Fixed it.

[Vorksholk]

Looks very interesting.