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Author Topic: [ANN] ELACOIN fork: retarg @19440 diff .3 |interval calc change? see page 11+  (Read 9685 times)
mat5x
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June 03, 2013, 06:49:52 AM
 #1

Elacoin: THE FAIR MINING COIN - reward ~= difficulty

Update #10 12/25: Still not dead. Find us on #elacoin on irc.freenode.org
  

Update #9 06/22 18:00Z: Not Dead Yet[tm] Still around after being busy on other stuff, going to get the difficulty retargetting fixed so we can deal with CoinChoose hashwaves. Everything else will be the same (valuation, threshold value at diff 1 = 1 still, etc etc.) So no major changes, just getting back to reasonable block times, and code to deal with yet another CC hashwave.

Also we checkpointed block 21980, update your src's, WIN-QT is coming soon to github, stay tuned.


Update #8 06/10 02:40Z: Checkpoint 21600 (the 10th nInterval), retarg'd to .888 diff. Coinchoose is back up and causing stupidity. Update clients (src and .exe's updated, MAC soon is up now 06/10 05:17Z).

Update #7 06/09 06:45Z: Checkpoint 20940. Retarg'd at 19440 to .31 diff as expected. Hashing continues apace, this time without CoinChoose's disruptive influence, cuz it's down right now. next retarg at 21600, < 600 blocks

Update #6 06/07 07:21Z: MOAR checkpointz! update your clients: checkpoints.cpp: block 19400 hash: ce70abf9c0930d5cdcff555ceec6e6777f70f3a8bbc4b1efc9ac5c49a3b6c8e6

Update #6 06/06 21:15Z: update your clients plz: checkpoints.cpp: block 19350 hash: c6c725fb3c376a2cc4a0796ab4aa04af1ff472628c8e82ece55657b60b3150a5

Update #5 06/05 18:10Z: new checkpoint in the code, update your clients for all our mutual benefits. (was for block 19200)

Update #4 06/05 05:17Z: minor brainfart: 19440 is the next retarg. 2160 * 9.

Update #3 06/04 21:27Z: http://elc.Scryptmining.com pool working fine. Use that for now. Idea for a lottery give away for mining on it, base reward for mining + more for hashpower so everyone gets a chance. Ideas on parameters? Smiley Just want to keep things going to 19400 so we maintain a viable coin & value.

COMMENT: Next natural retarg is at 9*2160 = 19400th block. Diff now is 1.25, and max factor is /4. 1.25/4 = .3125. Profitability will increase by 4x. Worth sticking around for to get to 19400.

GIVEAWAY UPDATE: Done with the giveaway, but considering to give bounties for mining Smiley

UPDATE #2: Scryptmining.com fixed their reporting bug. Elacoinpool should be soon. No shares are lost, and all will be paid out.

UPDATE: All pools were updated and are serving shares. However there is a reporting bug. Shares will be paid out properly, but blocks are not being reported in stats. Pool owners have been notified. Continue mining, you will receive shares. This is a bug in pushpool.



There will be a hard fork at #17820.

We have updated ELC clients at https://github.com/elacoin/elacoin

We have a WinQT binary at GitHub. Additionally a compile guide for WinQT (see orig thread linked below).

Please see the original thread here for details on the changes: https://bitcointalk.org/index.php?topic=203647.msg2352798#msg2352798

Summary:
- base reward = difficulty. This means you always get the same reward for the same hashing power, factored by the 270day scaling factor. No worrying about 10x the hashrate giving you 1/10th the coins.

- difficulty retarg will occur at 17820 and again 270, 540 and 1080 blocks later before returning to every 2160 blocks. Estimated next diff .15 ish (40x easier than current way high diff) WILL BE 0.27 (due to the code's max /16 retarg divider) but min reward is based on diff = 1, so high benefit for mining diff < 1.

Additionally we have properly implemented the original ideas behind the coin, fixing up some of the code to get rid of side effects and produce as well a smooth scaling feature uncommon in other coins to avoid a violent 'halving' event situation like with BTC.

As you can see we have kept this coin alive through hard work and commitment of the community. This is not a pump and dump coin or opportunity. There is no < 0.001 difficulty opportunity here. This should be attractive to lower end miners, and trouble big rig farmers who count on blocktimes faster than network diameter to ensure orphan dominance. Sorry. Everyone will get rewards equal to their hashpower, regardless of how many new miners join the effort.

Infrastructure:
  • Pools: http://elc.scryptmining.com http://elacoinpool.com  http://zeropool.net (all 3 updated, scryptmining has been working fine the whole time since fork!)
  • Homepage http://elacoin.com
  • Exchange: http://cryptsy.com - to be updated by Vern shortly.
  • Profitability tracker: http://coinchoose.com -- needs updating talked to SAL002
  • Block explorer: coming soon
  • Irc channel: freenode.org#elacoin
  • Fountain: *soon*
  • Games: 100 ELC bounty available for 1st, 50 for 2nd, 25 for 3rd
  • Coin giveaway: reply to this thread for 1 ELC to first 100 replies!

Please discuss ELACOIN in the original thread linked above, as this thread will be a giveaway thread.

Elacoin/ELC - block reward proportional-to-difficulty coin! http://elacoin.com
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mat5x
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June 03, 2013, 06:52:17 AM
 #2

* some asked about ADDNODE =

the wiki has it, but here:

addnode=66.96.18.75:47919
addnode=199.204.38.220:9223
addnode=24.231.65.165:9223
addnode=50.56.174.121:58950

the client does irc too of course.

getting around to a round of payouts. Thanks for patience! Smiley

Thought of something just now that I thought earlier but forgot to underline:

DIFFICULTY DOESNT MATTER

If someone slams the diff up high and leaves, then the reward goes higher. Consider that, but discuss in main thread as per above post.


Elacoin/ELC - block reward proportional-to-difficulty coin! http://elacoin.com
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June 03, 2013, 07:15:03 AM
 #3

I'll take 1 ELC! I did do the windows client, it's worth 1 ELC right? XDXD


EKA6WfoQy36pVz13nVNNzxDRZ74E8bBqVu

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June 03, 2013, 07:20:44 AM
 #4

Ec5e38HPoGjtahkD83CKWw1ukEdNGhMTHe

good luck to everyone who try find the lucky block
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June 03, 2013, 07:23:37 AM
 #5

can haz elacoins??? EW8UVXs3Z6d9KfEfF6D17gTJ3efDFDyn9h

pwease?  Grin

My negative trust rating is reflective of a personal vendetta by someone on default trust.
mat5x
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June 03, 2013, 07:24:36 AM
 #6

Ec5e38HPoGjtahkD83CKWw1ukEdNGhMTHe

good luck to everyone who try find the lucky block

Sent. Lucky block will be worth about 3.66 ELC or so I think! Smiley

Elacoin/ELC - block reward proportional-to-difficulty coin! http://elacoin.com
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June 03, 2013, 07:26:14 AM
 #7

can haz elacoins??? EW8UVXs3Z6d9KfEfF6D17gTJ3efDFDyn9h

pwease?  Grin

sent!! welcome to the coin

Elacoin/ELC - block reward proportional-to-difficulty coin! http://elacoin.com
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June 03, 2013, 07:31:58 AM
 #8

can haz elacoins??? EW8UVXs3Z6d9KfEfF6D17gTJ3efDFDyn9h

pwease?  Grin

sent!! welcome to the coin

Grin thanks!!

My negative trust rating is reflective of a personal vendetta by someone on default trust.
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June 03, 2013, 07:34:46 AM
 #9

Yay, a windows binary!
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June 03, 2013, 07:44:59 AM
 #10

Glad to see people working on the coin - but where is Milkshake? 


Date Registered: May 31, 2011, 07:54:21 PM - Early investor and look! I'm still alive!
nonameo
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June 03, 2013, 07:49:08 AM
 #11

Glad to see people working on the coin - but where is Milkshake? 



milkie is assumed to be AWOL

mat5x
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June 03, 2013, 07:52:01 AM
 #12

Glad to see people working on the coin - but where is Milkshake? 

He's the John McAfee of altcoins eh? Whelp, his code wasnt so great, he didnt fix many of the comments from the orig LTC code that referred to the code he just changed, some of his comments were totally wrong compared to what his code said, he explained the coin somewhat differently from what the code actually entailed as well.

I think he was in over his head a little. We tried to help, but it kinda fell apart. I dont think we need the stemmer to keep a coin going, Im not sure why we need figureheads for altcoins that are supposed to embody decentralization. The community worked on this, which i think is great and more important than a single figure.

At any rate, post your addr, ELC's to be given Smiley

Welcome back to the coin!! Smiley

Elacoin/ELC - block reward proportional-to-difficulty coin! http://elacoin.com
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June 03, 2013, 08:07:40 AM
 #13

EZWrr4BXKgDd7bv3cbzDR1994Ay7uV4tJq

Thanks

Energycoin - Save Energy, Pure POS (Free IPO). e355a9imFx7gbkpra9755mTkJDf5gBRhj2
Let's flower the moon. SfjURGkYyjo8VFxfFPXS89CHhXS2mao3kA
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June 03, 2013, 08:43:54 AM
 #14

ETYvanvSSXUYqe8FXewTUh1vdPAwmFtZXN

thanks.

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June 03, 2013, 09:11:57 AM
 #15

ETsndFoMJebKfFwHA3BhNQdvuaxwnKM78N  Thanks






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June 03, 2013, 09:23:17 AM
 #16

EPPvBtENxA5BYaGVQ6AsYfS32tT6mxPFMg

Double thanks for the Windows client and giveaway.  Smiley

LTC: LSyqwk4YbhBRtkrUy8NRdKXFoUcgVpu8Qb   NVC: 4HtynfYVyRYo6yM8BTAqyNYwqiucfoPqFW   TAG id: 4313
CMC: CAHrzqveVm9UxGm7PZtT4uj6su4suxKzZv   YAC: Y9m5S7M24sdkjdwxnA9GZpPez6k6EqUjUt
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June 03, 2013, 09:29:08 AM
 #17

EKnaMqTzZ4iANobSKaTtiZbxHv4pMZRa6A

Thanks.


BTC:  1K4VpdQXQhgmTmq68rbWhybvoRcyNHKyVP
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June 03, 2013, 10:34:47 AM
 #18

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Co-Founder at Bitaccess - We make Bitcoin ATMs
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June 03, 2013, 11:56:51 AM
 #19

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Thanks
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June 03, 2013, 12:09:31 PM
 #20

ETDHHrzwskHR55xaZKsAi6f4BufFibtHcp

Thanks!

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