[ANN][ARG] Argentum || Secure. Rare. Fast. || Randomized reward system commodity

[baritus]

Definition: Argentum is the Latin name for the element silver. Silver is a chemical element with the chemical symbol Ag (Greek: άργυρoς árguros, Latin: argentum, both from the Indo-European root *arg- for "grey" or "shining") and atomic number 47.

It is the perfect name to represent this currency and the potential it has with a dedicated development team. Argentum is fast, unique, and secure. We have learned from many of the past crypto-currencies and created one that can rival any. Argentum brings innovation and experimentation by combining interesting aspects of other crypto-currencies and adding unique features.

Argentum is designed to gain value over time and to be a rare commodity that is easily and quickly transferable. The innovation doesn't end there, Argentum is the first crypto-currency to increase transaction processing capabilities over those of bitcoin. With the Bank of Argentum, the ARG/DGC exchange, and other commodity related services on the way, there is a bright future for this coin.

Argentum is secure, rare, and unique. The combination of all its characteristics provide a:
1. Longterm stable investment
2. Growth potential based on services
3. Diversification into less risky crypto-currency
4. Secure quasi-instantaneous transaction processing


Resources
Downloads: http://argcurrency.org/downloads/
Website: ARGCurrency.Org
Online Wallet: https://mywl.lt
Block Explorer: http://arg.webboise.com/chain/Argentum
Forum: Argentum Forum
IRC: Server:irc.freenode.net Channel:#digitalcoin
IRC Wallet: See https://irc.mywl.lt

Exchanges
1. Cryptsy.com  
2. Coins-E.com

Specifications

General
-Scrypt
-Optimized client: The Argentum client is tightly coupled with the blockchain. You won't see it randomly hop on another as some others do.
-Achieved close to 0% orphans for extended periods of time during testing in perfect conditions (currently achieving close to the same on pools). There may still be orphans depending on the conditions but they should be minimized as much as possible.

Blocks
-Maximum block size increased to 10mb
-Maximum signature operations per block maximum increased to 100k
-32 Second block time

The first two features are on the bitcoin hardfork wishlist. We wanted to create the first cryptographic currency with almost unlimited scalability. The signature operations per block were not increased as much as block size because it is unnecessary and theoretically unreachable as is. These capacity increases do not affect performance and only serve as a guarantee of the network's future capacity. The actual size of blocks and transactions is the minimum amount needed to accomplish the task.

Difficulty
Re-targets every 250 blocks: 250 blocks until re-target insures accurate difficulty adjustments while almost eliminating the risk of difficulty stranding.

Currency Creation
64 million total ARG: Constant creation is the best way to balance between miner incentives, rarity, and fairness.

Fair launch:
We opted for a fair launch to let everyone start mining at the same time.

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG
Block 1500+: block reward random from 1-5. This sort of configuration is more realistic and adds additional security to the network by adding more variability. It also discourages difficulty hopping.

Random block rewards: Rewards are not completely random but deterministic random. Argentum uses the last block hash as a seed to generate a "random" number. The same number always results from a given seed so the network will stay synced.

Security
Mined blocks mature after 30 confirms: Argentum is a fast currency but it does not compromise the safety of the blockchain in the process. The 30 confirms also serve as a cool down period for newly mined Argentum.

Ports
Listen port: 13580
RPC PORT: 13581

Development
All developers are invited to join the team. There are basic knowledge requirements before any bounty for development is secured. Contact me if you are interested in building ARG applications. This project was taken over from the original developer Alpha.

[1714167774]

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[1714167774]

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[1714167774]

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[markm]

Starting difficulty?

-MarkM-

[nearmiss]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

[markm]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

At four blocks or more per second it probably is?

-MarkM-

[nearmiss]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

At four blocks or more per second it probably is?

-MarkM-

Could be true...there is a site that lists coin distribution for all the launches recently...perhaps it'd provide some insight into just how fast those 1500 were chewed through. 

[baritus]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

At four blocks or more per second it probably is?

-MarkM-

It started at the lowest difficulty. 500 blocks at 0 ARG = 2 retargets before 1 ARG blocks were generated. So you can say the starting difficulty was whatever difficulty it was at after the first 500 blocks.

[r32godzilla]

Cheers Baritus, thanks for the new ARG info. Arg is performing well again today on Cryptsy! Dgc to follow

[markm]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

At four blocks or more per second it probably is?

-MarkM-

It started at the lowest difficulty. 500 blocks at 0 ARG = 2 retargets before 1 ARG blocks were generated. So you can say the starting difficulty was whatever difficulty it was at after the first 500 blocks.

So likely two maximum retargets multiplied by the actual starting difficulty then, which comes out to what difficulty? 0.00000016 if it started at 0.00000001 but what did it actually start at and what is the maximum increase of difficulty when retargeting, and why the need to obfuscate about it?

-MarkM-

[pr9me]

ARG is looking as good as ever. Don't miss this awesome coin. Well...it will be hard to miss soon!

Bank of ARG is about to make some news!

[pr9me]

ARG is looking as good as ever. Don't miss this awesome coin. Well...it will be hard to miss soon!

Bank of ARG is about to make some news!

[baritus]

Starting difficulty?

-MarkM-

Is starting difficulty all that important when you have this rampup?

Block 0-500: 0 ARG
Block 500-1000: 1 ARG
Block 1000-1500: 2 ARG

At four blocks or more per second it probably is?

-MarkM-

It started at the lowest difficulty. 500 blocks at 0 ARG = 2 retargets before 1 ARG blocks were generated. So you can say the starting difficulty was whatever difficulty it was at after the first 500 blocks.

So likely two maximum retargets multiplied by the actual starting difficulty then, which comes out to what difficulty? 0.00000016 if it started at 0.00000001 but what did it actually start at and what is the maximum increase of difficulty when retargeting, and why the need to obfuscate about it?

-MarkM-

The code is open source.

[Duffer1]

I'd like to mine this a bit, but your setup instructions are pretty confusing (your average windows noob here).

Could someone post an example of what the text of a solo mine argentum.conf file would look like.  (.conf for cgminer would help too).  Thanks.

Edit:
-"http://p2poolmining.org:8012/static/" fails to resolve.  http://p2poolmining.org:8012 works though.

[Duffer1]

Dead already?

[baritus]

Dead already?

Busy building services so I don't have as much time for the forum.

The same configuration that you have for any scrypt coin will work just fine, all you need are the nodes.

[Xmansk]

I'd like to mine this a bit, but your setup instructions are pretty confusing (your average windows noob here).

Could someone post an example of what the text of a solo mine argentum.conf file would look like.  (.conf for cgminer would help too).  Thanks.

Edit:
-"http://p2poolmining.org:8012/static/" fails to resolve.  http://p2poolmining.org:8012 works though.

argentum.conf example:

Code:

rpcuser=Duffer
rpcpassword=Duffer1
rpcport=13581
server=1
addnode=174.111.237.246
addnode=5.135.161.23
addnode=71.187.248.95
addnode=24.138.46.123

CGMiner example:

Code:

cgminer --scrypt -o 127.0.0.1:13591 -u Duffer -p Duffer1 -o stratum+tcp://mine-arg.scryptmining.com:3335 -u ... -p ... -o stratum+tcp://arg.epools.org:3339 -u ... -p ... -Q 0 -E 3 -s 1

[r32godzilla]

Arg still holding steady around 0.0009 

[techbytes]

I'd like to mine this a bit, but your setup instructions are pretty confusing (your average windows noob here).

Could someone post an example of what the text of a solo mine argentum.conf file would look like.  (.conf for cgminer would help too).  Thanks.

Edit:
-"http://p2poolmining.org:8012/static/" fails to resolve.  http://p2poolmining.org:8012 works though.

argentum.conf example:

Code:

rpcuser=Duffer
rpcpassword=Duffer1
rpcport=13581
server=1
addnode=174.111.237.246
addnode=5.135.161.23
addnode=71.187.248.95
addnode=24.138.46.123

CGMiner example:

Code:

cgminer --scrypt -o 127.0.0.1:13591 -u Duffer -p Duffer1 -o stratum+tcp://mine-arg.scryptmining.com:3335 -u ... -p ... -o stratum+tcp://arg.epools.org:3339 -u ... -p ... -Q 0 -E 3 -s 1

Here is what I have:

argentum.conf

Code:

server=1
rpcuser=user1
rpcpassword=password
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
rpcport=13581
port=13580
addnode=174.111.237.246
addnode=71.187.248.95

cgminer

Code:

cgminer.exe --scrypt -o http://127.0.0.1:13581 -u user1 -p password --failover-only -o stratum+tcp://mine-arg.scryptmining.com:3335 -u user1 -p password -s 1 -I 18 --thread-concurrency 21712

-tb-

[erk]

Arg still holding steady around 0.0009  

The ARG price on Cryptsy just crashed to 0.00045 in the past hour or so, any idea why? I can see any announcement that would have effected the price in a  negative way, if anything it should be rising.

Same with DGC to a lesser extent, it's like someone is trying to drive the price down.

[r32godzilla]

Arg still holding steady around 0.0009  

The ARG price on Cryptsy just crashed to 0.00045 in the past hour or so, any idea why? I can see any announcement that would have effected the price in a  negative way, if anything it should be rising.

Same with DGC to a lesser extent, it's like someone is trying to drive the price down.

Looks like one big dumper drove the arg price right down. Noone else seems to be prepared to sell ARG low after that. Price slowly creeping back up.

As for DGC I'd say its just a lull as other coins are flavour of the month at the moment. Alot people just seem to coin hop from one to another according to hype etc. Also could be miners dumping as well. Meanwhile Baritus is still hard at work on the fiat exchange and banks. dgc and arg prices are still up on what they were weeks ago though. The upside is cheap buying at the moment. Coins go down and coins go up, just have to be patient and wait it out.

[cosmoo]

The ARG price on Cryptsy just crashed to 0.00045 in the past hour or so, any idea why? I can see any announcement that would have effected the price in a  negative way, if anything it should be rising.

Same with DGC to a lesser extent, it's like someone is trying to drive the price down.

Digitalcoin and Argentum blend in too easily with the rest of the continuous stream of new coins. The dev team for this coin is still working on services to utilize them.. until those are released there's not much to differentiate why one should pick these coins over other, "prettier" coins like Primecoin or Anoncoin (frankly they're all the same to me...)

I admit I probably played a part in it by advertising them ruthlessly on btc-e.. DGC made it onto vircurex, so it's not too farfetched to think about the potential of it getting on btc-e as well. So, everyone who bought into DGC/ARG and drove the price up are now getting back out. Network hashpower and price are now back to where they were ~10 days ago. Also note, DGC went up to .0007 already in the past before this, and this is ARG's first spike.. so it's nothing really out of the ordinary. Also, I should mention a btc-e dev mentioned in the chatbox a few days ago that they have no intention of adding new coins whose networks don't have a respectable amount of hashpower, so it'll be a while yet.

I haven't sold any of the DGC/ARG I bought because I have faith in the dev team's work. Hopefully I'll make my BTC back eventually but till then.. think i'll buy some more