[ANN] BitcoinSpread - SpreadCoin FORK | True Decentralization (No Pools)

[BitcoinSpread]

https://raw.githubusercontent.com/spreadcoin-project/spreadcoin/master/src/qt/res/icons/bitcoin.png
BitcoinSpread
Launched 29 July 2014, 9:00 UTC, No Premine
Website
Reddit | Twitter

Completely Decentralized Digital Currency
without Pools

We are officially forking off SpreadCoin on 31 January 2018, 00:00 UTC
Exact block number to be confirmed at a later date!

All existing SpreadCoin (SPR) holders will get 1:1 fork of the coin on the new chain.

The development of SpreadCoin is dead, this fork aims to revive it.



BitcoinSpread is a new cryptocurrency which is more decentralized than Bitcoin.
It prevents centralization of hashing power in pools, which is one of the main concerns of Bitcoin security. SpreadCoin was fairly launched with no premine.

Pool Prevention
To prevent pools each block must be signed with the private key which correspondents to the coinbase transaction. See whitepaper for more details.

Parameters

• Algorithm: SpreadX11
• Block generation: 1 minute
• Difficulty retargets: every block based on last 360 blocks
• Reward starts at approx. 6.66 coins per block
• Block reward is smoothly halved every 4 years
• Total supply: 20 mln coins
• No year 2106 problem

Initial reward was 66.66 coins per block and spacing between blocks was 10 minutes, this was changed after hardfork at block 2200.


NEW website:
https://bitcoinspread.org
https://bitcoinspread.net
https://bitcoinspread.co

Github - https://github.com/BitcoinSpread/spreadcoin

White Paper
https://bitcoinspread.org/SpreadCoin-WhitePaper.pdf

Exchanges
Bittrex
C-CEX
AllCrypt
AlcurEx

You can also help us to add SpreadCoin to other exchanges by voting:
BTER
AskCoin

Blockchain Explorers
Official
/index.php?blockexplorer=SPR]At MultiFaucet

Hashrate distribution chart

Services
/index.php?faucet=SPR]Faucet
Casino

Translations
Chinese
Dutch
French
Hebrew
Hindi
Indonesian
Italian
Portuguese
Romanian
Russian
Spanish
Turkish

Truly Decentralized
In Bitcoin mining power is concentrated in large pools. This puts the whole network at risk in case these pools will become malicious or if their security will be compromised. In SpreadCoin there are no pools, mining power is spread around many solo miners.

Compact Transactions
SpreadCoin uses more compact representation for signatures in transactions. This leads to smaller transactions and, hence, smaller blockchain. See e.g. this transaction in SpreadCoin and similar transaction in Bitcoin, both transactions have 15 inputs and 1 output but SpreadCoin transaction takes 1661 bytes while Bitcoin one takes 2744.
See this thread for more info: https://bitcointalk.org/?topic=6430.0%29%3F

Smooth Reward Decrease
Unlike Bitcoin, there are no abrupt reward halvings in SpreadCoin. Block reward is smoothly decreasing over time.

https://raw.githubusercontent.com/spreadcoin-project/spreadcoin.net/gh-pages/img/reward.png

Mining
You can mine directly from the wallet, just go to the mining tab and press 'Start mining', you will start mine to your wallet. Thread about mining SpreadCoin: https://bitcointalk.org/index.php?topic=869289

Also you can mine to a specific address (this is useful if you are mining on several computers). To do so:
1. Use existing or better generate a new address.
2. Open debug console (Tools -> Debug Console) and enter:

dumpprivkey SYourSpreadCoinAddress

3. You will get your private key. Then open spreadcoin.conf or create it if it doesn't exist (D:\Users\<username>\AppData\Roaming\SpreadCoin\spreadcoin.conf on Windows) and add the following line:

miningprivkey=YourPrivateKey

4. Restart your wallet if it was running.
In the Mining tab you will now see notification that all mined coins will go to this address.

Mining Guide
Windows: https://github.com/spreadcoin-project/SpreadCoin-Wiki/wiki/Mining-Guide
By default you can mine only from 4 machines to the same wallet, to increase this limit set rpcthreads to value greater than 4 in spreadcoin.conf.

AMD GPU Miner
Windows binary: http://spreadcoin.net/files/Spread-GPU-miner.7z
Source code: https://github.com/spreadcoin-project/spreadcoinx11-sgminer

Don't forget to read included readme, it describes how to launch it. Even if you did solo-mining before it is still worth reading.

You need latest drivers to use this miner. Known to work on 14.9 installed from file named amd-catalyst-14-9-win7-win8.1-64bit-dd-ccc-whql.exe from http://support.amd.com/en-us/download/desktop?os=Windows%207%20-%2064

Nvidia GPU Miner

And here's a GPU miner for the NVIDIA crew. Compute 3.0 support should be easy enough, but for now it's 3.5/5.0/5.2 only.

Win32 binary: https://github.com/tsiv/spreadminer/releases
Source: https://github.com/tsiv/spreadminer

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[ocminer]

Ah cool, I should reopen my spreadcoin pool maybe

[BitcoinSpread]

Ah cool, I should reopen my spreadcoin pool maybe

That'll be great! We're working on the fork right now, I will update this thread as soon as we're done.

[deanerific]

Bitcoin Spread.  Has nothing to do with Bitcoin, but you're throwing the name in there for marketing and a quick pump?

How is it even Bitcoin?  Are you forking the BTC chain, too?  Seems like a retarded cash grab.

[c0nc0n]

Ah cool, I should reopen my spreadcoin pool maybe

That'll be great! We're working on the fork right now, I will update this thread as soon as we're done.

Why are you happy with opening a pool.
You quoted on your announcement that their will be no pool.
"Truly Decentralized
In Bitcoin mining power is concentrated in large pools. This puts the whole network at risk in case these pools will become malicious or if their security will be compromised. In SpreadCoin there are no pools, mining power is spread around many solo miners. "

[cryptoRX]

Quoting for images

BitcoinSpread
Launched 29 July 2014, 9:00 UTC, No Premine
Website
Reddit | Twitter

Completely Decentralized Digital Currency
without Pools

We are officially forking off SpreadCoin on 31 January 2018, 00:00 UTC
Exact block number to be confirmed at a later date!

All existing SpreadCoin (SPR) holders will get 1:1 fork of the coin on the new chain.

The development of SpreadCoin is dead, this fork aims to revive it.



BitcoinSpread is a new cryptocurrency which is more decentralized than Bitcoin.
It prevents centralization of hashing power in pools, which is one of the main concerns of Bitcoin security. SpreadCoin was fairly launched with no premine.

Pool Prevention
To prevent pools each block must be signed with the private key which correspondents to the coinbase transaction. See whitepaper for more details.

Parameters

• Algorithm: SpreadX11
• Block generation: 1 minute
• Difficulty retargets: every block based on last 360 blocks
• Reward starts at approx. 6.66 coins per block
• Block reward is smoothly halved every 4 years
• Total supply: 20 mln coins
• No year 2106 problem

Initial reward was 66.66 coins per block and spacing between blocks was 10 minutes, this was changed after hardfork at block 2200.


NEW website:
https://bitcoinspread.org
https://bitcoinspread.net
https://bitcoinspread.co

Github - https://github.com/BitcoinSpread/spreadcoin

White Paper
https://bitcoinspread.org/SpreadCoin-WhitePaper.pdf

Exchanges
Bittrex
C-CEX
AllCrypt
AlcurEx

You can also help us to add SpreadCoin to other exchanges by voting:
BTER
AskCoin

Blockchain Explorers
Official
/index.php?blockexplorer=SPR]At MultiFaucet

Hashrate distribution chart

Services
/index.php?faucet=SPR]Faucet
Casino

Translations
Chinese
Dutch
French
Hebrew
Hindi
Indonesian
Italian
Portuguese
Romanian
Russian
Spanish
Turkish

Truly Decentralized
In Bitcoin mining power is concentrated in large pools. This puts the whole network at risk in case these pools will become malicious or if their security will be compromised. In SpreadCoin there are no pools, mining power is spread around many solo miners.

Compact Transactions
SpreadCoin uses more compact representation for signatures in transactions. This leads to smaller transactions and, hence, smaller blockchain. See e.g. this transaction in SpreadCoin and similar transaction in Bitcoin, both transactions have 15 inputs and 1 output but SpreadCoin transaction takes 1661 bytes while Bitcoin one takes 2744.
See this thread for more info: https://bitcointalk.org/?topic=6430.0%29%3F

Smooth Reward Decrease
Unlike Bitcoin, there are no abrupt reward halvings in SpreadCoin. Block reward is smoothly decreasing over time.



Mining
You can mine directly from the wallet, just go to the mining tab and press 'Start mining', you will start mine to your wallet. Thread about mining SpreadCoin: https://bitcointalk.org/index.php?topic=869289

Also you can mine to a specific address (this is useful if you are mining on several computers). To do so:
1. Use existing or better generate a new address.
2. Open debug console (Tools -> Debug Console) and enter:

dumpprivkey SYourSpreadCoinAddress

3. You will get your private key. Then open spreadcoin.conf or create it if it doesn't exist (D:\Users\<username>\AppData\Roaming\SpreadCoin\spreadcoin.conf on Windows) and add the following line:

miningprivkey=YourPrivateKey

4. Restart your wallet if it was running.
In the Mining tab you will now see notification that all mined coins will go to this address.

Mining Guide
Windows: https://github.com/spreadcoin-project/SpreadCoin-Wiki/wiki/Mining-Guide
By default you can mine only from 4 machines to the same wallet, to increase this limit set rpcthreads to value greater than 4 in spreadcoin.conf.

AMD GPU Miner
Windows binary: http://spreadcoin.net/files/Spread-GPU-miner.7z
Source code: https://github.com/spreadcoin-project/spreadcoinx11-sgminer

Don't forget to read included readme, it describes how to launch it. Even if you did solo-mining before it is still worth reading.

You need latest drivers to use this miner. Known to work on 14.9 installed from file named amd-catalyst-14-9-win7-win8.1-64bit-dd-ccc-whql.exe from http://support.amd.com/en-us/download/desktop?os=Windows%207%20-%2064

Nvidia GPU Miner

And here's a GPU miner for the NVIDIA crew. Compute 3.0 support should be easy enough, but for now it's 3.5/5.0/5.2 only.

Win32 binary: https://github.com/tsiv/spreadminer/releases
Source: https://github.com/tsiv/spreadminer

[e1ghtSpace]

I like it, copying the REAL spreadcoin thread. Better than Georgem's.
https://bitcointalk.org/index.php?topic=715435.0

Devs, could you please explain your history with Spreadcoin and why you are creating this fork?

Cheers.

[Rekless]

When will the fork be completed?

[AlexHrap]

This is amazing!!! The new fork - this is like zcl! I wait 150 000 satoshi per coin!!! Trust me brothers!!!

[joebaz]

oldukça heyecan verici ... daha çok paylaşılmalı ve herkes öğrenmeli bu çatalı...

[SuiMikira]

cool, a new fork. When fork  complete?

[RzeroD]

So basically you are going to copy the SpreadCoin repo and create a new coin without changing anything?
Shameful. Another "fork" of BTC to make money...

[Dr.Sponge]

So basically you are going to copy the SpreadCoin repo and create a new coin without changing anything?
Shameful. Another "fork" of BTC to make money...

Can you explain to me what is going on here? Firstly I thought this coin was a Bitcoin Fork, then I realized this is not even a Bitcoin Fork, but used the Bitcoin name, isn't that weird?

[sorinslv]

so where is windows wallet?

[BitcoinSpread]

so where is windows wallet?

It will be released at a later date, no later than 25th January 2018.

So basically you are going to copy the SpreadCoin repo and create a new coin without changing anything?
Shameful. Another "fork" of BTC to make money...

Can you explain to me what is going on here? Firstly I thought this coin was a Bitcoin Fork, then I realized this is not even a Bitcoin Fork, but used the Bitcoin name, isn't that weird?

Newer features will be implemented.

I like it, copying the REAL spreadcoin thread. Better than Georgem's.
https://bitcointalk.org/index.php?topic=715435.0

Devs, could you please explain your history with Spreadcoin and why you are creating this fork?

Cheers.

We're in no way related to the original SpreadCoin developers. Just continuing where they've left off since 2016.

[stonehedge]

Ah cool, I should reopen my spreadcoin pool maybe

That'll be great! We're working on the fork right now, I will update this thread as soon as we're done.

Why are you happy with opening a pool.
You quoted on your announcement that their will be no pool.
"Truly Decentralized
In Bitcoin mining power is concentrated in large pools. This puts the whole network at risk in case these pools will become malicious or if their security will be compromised. In SpreadCoin there are no pools, mining power is spread around many solo miners. "

Spreadx11 has never been pool resistant, it is a false claim. Ocminer has demonstrated a working pool for spreadx11 several times before.

[dddudidd]

it looks better, this new fork, very interesting, I'm really waiting for this to finish quickly and develop well

[Andrey!]

why doesn't official blockchain explorer work?
Share the normal link with working explorer

[belinda97]

Your wallet will be based on the original coin? Or will it be new?

[Rapidement]

This coin will fail, if you use PoS.