[ANN] RCoin - Percentage-based transaction fees - ASIC Resistant Mining

[Ronsor]

RCoin

Warning: we just had a hard fork to fix critical bugs in mining
RCoin (RCN) is a brand new cryptocurrency that aims to be used for everyday transactions.

Features:
* Everyone mines by default
* Memory-intensive ASIC resistant mining
* CPU mining is and always will be feasible
* Transaction fees are 1.5% of the transaction
* Uses IPFS for peer communication

todo:
* Get listed on an exchange

Wallet downloads & Source code: http://tinyrcoin.github.io
Block explorer is available at the link above.

We cant mine until there are transactions, so get friends.

My address: IVABM6GKTVHYGK4ZTZ2IJITTK5JV4JG4HIZQNIRQQKYFZT2AXZDA

[sorry_one]

Wht's the algo?

[Dastashka]

more info?

[dima070184]

pool and algo

[Ronsor]

pool and algo

Wht's the algo?

Scrypt, with a high 'r' variable (making it require 8mb RAM per hash).
Please note there is no mining pool software yet. Currently solo mining is feasible and rewarding (you may solve a block in seconds)

[khanhnv6]

We need more information currency?
pool and wallet?
Thank you!

[sefirotius]

how mining need algo?

[Mugatu]

stuck at block 18

[platedscrap]

total supply? premine?

[PiJellyPin]

wallet not even working

[Mugatu]

stuck at block 18

Same here lol

I think there needs to be at least one transaction in every block. Someone needs to send someone else some RCN

my address is K5YJ3MMUJRGTBMFMQNLC2KFM5CXVQB4UISTZ7L7KISHOANMREVVQ

[Mugatu]

wallet not even working

gotta run the daemon and then the gui works, so far. (I haven't checked for malware or anything)

[PiJellyPin]

stuck at block 18

Same here lol

I think there needs to be at least one transaction in every block. Someone needs to send someone else some RCN

my address is K5YJ3MMUJRGTBMFMQNLC2KFM5CXVQB4UISTZ7L7KISHOANMREVVQ

lol...

[Mugatu]

lmao I think this thing is forking all over the place lolol

[Ultra777]

Is this a forked project? Did anybody check win wallet for viruses??

[Mugatu]

stuck at block 18

Same here lol

I think there needs to be at least one transaction in every block. Someone needs to send someone else some RCN

my address is K5YJ3MMUJRGTBMFMQNLC2KFM5CXVQB4UISTZ7L7KISHOANMREVVQ

lol...

you could create a second wallet and send to yourself as well i assume...

Is this a forked project? Did anybody check win wallet for viruses??

I haven't seen a golang coin yet...

haven't checked win wallet

[Mugatu]

https://www.virustotal.com/#/file/97ef5315f055048c944d7e5ec6bbf2d8b67a294a0c58544a3423465d2cf99be0/detection for rcoind.exe
https://www.virustotal.com/#/file/cd6dda547ead26196cac7810c3f2fdf58f631475d4c6197a57d48e814c970db1/detection for the bundled ipfs.exe
https://www.virustotal.com/#/file/81982173a0033b6996f124ffb1515b22e8ca00209cb42ac11703eef59f16ca28/detection for the tkwallet.exe

[notsofast]

Super cool in theory but I wonder about the validity of a coin that costs 1.5% of the transaction to send, every time. It's hard to imagine this being much more than a curiosity. And for all but the tiniest amounts it would be cheaper to encrypt a privkey and email it, instead of use the RCoin blockchain.

[Ronsor]

total supply? premine?

there is no premine; currently we have an infinite supply, but because of increasing difficulty, that's unlikely.

[RealJoshuar]

Indefinite supply? Why?