Cloudcoin is out - Development Announcement - NEWS

[Kujmandosz]

First I would like to thank you the miners interest in Cloudcoin. Cloudcoin was released hours ago and the hashrate is above 120 Mh/s.
I would like to briefly sum up our short term plans:
1, we are working on pools for CDC also others are welcomed to make us a pool for a bounty
2, we are working on improving the site: cloudcoin.webs.com
3, we are working on casino site implementations
4, also we are working on exchange site implementation soon as possible
5, as Cloudcoin will grow in value we would like to invest more into development and add some great services, markets

If you missed our launch and you want to get to know the coin bere is the specification:






Cloudcoin is a new alternate exchange currency with proof-of-stake and proof of work scheme.

Cloudcoin was created to be the median of all coins in the crypto exchange world. It is simple, easy and energy efficient. It is meant to be a costumer and exchange friendly coin with the benefits of it’s optimized specifications. The proof-of-stake scheme makes the coin and the transactions safe, secure and long living. Stake also helps the coin to achieve a leading role in the future of the crypto currency coins, since it is using proof-of-stake not proof-of-work like other coins.

You can read more about the benefits of proof-of-stake here: http://bitcoin.stackexchange.com/questions/9082/what-is-proof-of-stake

Our dev team is working on the final touches of the coin which will be released within weeks. They are also working on the official website which will be released with the coin and will give a simple user friendly interface for the miners, customers and supporters. The team is also working on the development of additional sites that will support cloudcoin. We would like to aim the business and consumer sector with this coin.
Our marketing team is getting in touch with exchange sites and merchants too.
Specs:
- PoW+PoS
- total number is 0.1 billion
- 60 seconds per block
- PoW block:
   - normal reward of PoW block is 50 coins
   - daily 1440 blocks with 1 88*50 coins super blocks, 3 18*50 coins super blocks, 10 8*50 coins superblocks, others are normal blocks
   - daily generation: 82400 coins
   - block reward halves every 1036800 blocks (2 year)
   - diff retarget every block
   - start diff is 0.1

- transcation need 3 confirm, mine need 30 confirm
- min coin age is 7 days, max coin age is 30 days
- transcation comment
- min transaction fee is 0.00001 coin
- P2P Port:12344, RPCPort:12345

 Cloudcoin team.


Download:
CloudCoin Source Code: http://sdrv.ms/13cvmmd
CloudCoin Windows Client: http://sdrv.ms/13cvwKb

Solo Mining:
1. Start up cloudcoin-qt, wait for it to load, then exit.
2. Put cloudcoin.conf (see sample file above) in your c:/users/**yourcomputername**/Appdata/Roaming/cloudcoin
3. restart cloudcoin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:12345 -u **yourusername** -p **password** (without **)

Sample cloudcoin.conf

Code:
listen=1
daemon=1
server=1
rpcuser=user
rpcpassword=pass
rpcport=12345
rpcconnect=127.0.0.1
addnode=199.71.215.196

[RaymondKa]

Good job with the coin. Mining is smooth.
I will keep my eyes on this coin

[Charles999]

Reserved cuz this join is really bad and junk to the community.

do not help these premining junkheads.

1,000,000 premine on a 50 coin block coin.. especially whe difficulty starts at 1!!!

DON"T mine it.

[Sampey]

Any donations?

C9ERDJwJhQoaUZB89ZJyC5qQieQtdTtLnP

[GoldBit89]

proof of stake ? with only 30 days max coin age?

min coin age is 7 days, max coin age is 30 days


would there even be a stake then considering a stake does not take effect for 30 days.

[heatgsm]

Hmm...missed this one...sitting this one...out...on a cloud 

[FlungSpun]

OK started (announced) well and then got beaten about the head horribly by the community over the poor handling of the pre-mine and launch.
That lesson should stand for all new alts.

On the plus side
Coin, wallet, pool working well, super quick, low stale, fast confirms.
The bounty for miner adoption and development are generous (as they should be with 1 mill to spend)
No transaction fees on the network??

Going to need some explanation on the PoS - coin age etc. Is it implemented yet? what are the rules etc.
Going to need to see an audit of where the pre mine goes as the plan develops

I'm not convinced this coin deserves the battering its taken, most negative comments are from those who seem incapable of a positive one anyway
there have been some appalling launches recently and this isn't the worst by a long long way.
It's up to the devs now to tell those left with open ears about the plan and the progress.

So far
cloudcoin.miningpool.co

lets see these happen.
25000CDC - Faucet https://bitcointalk.org/index.php?topic=262481.0
45000CDC - stratum pool https://bitcointalk.org/index.php?topic=263143.0


So c'mon guys be clear and deliver on your plans an you will continue to gather backing and support.
No technical reason this coin is going to fail,  just needs community behind good leadership.

Good luck.

[jdebunt]

reserved for future review.

[coinmester1995]

reserved. I really want to see Cloudcoin on Cryptsy soon. It is a great coin, because it has a great and active team behind it.