[ANN] MemoryCoin

[FreeTrade]

The MemoryCoin Manifesto
http://memorycoin.org/manifesto/

1. Memory intensive hashing - Scrypt-Jane - 64MB per thread minimum
2. 6 Minute Blocks
3. Initial Block Subsidy of 24 Coins. Reduced by 5% every 7 days.
4. Minimum Block Subsidy of 0.125 Coins*
5. Grant System in Block Chain to support development and promotion
6. Based on Bitcoin source
7. No Premine
8. Total Coin Supply 1 Million in the first 2 years, 20,000 per year thereafter

Windows Executable -
http://memorycoin.org/downloads/memorycoin-qt-latest.zip

Unzip the file, then click on Start.bat file to start the software. It will sync the blockchain. When the blockchain is synched, start mining by
Help->Debug Window->Console, type
setgenerate true

Am I mining?
To check if you are mining, Help->Debug Window->Console, type
getmininginfo -
"hashespersec" : 13.61867704,
(You should see a number that is not 0 after you have been mining for about 10 seconds)

Nodes
To connect to the seed nodes, Help->Debug Window->Console, type
addnode 178.33.191.150 add
addnode 37.19.243.33 add
addnode 192.241.163.164 add
addnode 5.39.30.228 add
addnode 65.29.230.51 add
addnode 182.130.169.64 add
addnode 218.89.110.104 add

Network port: 8555
To improve speed and connectivity, open port 8555 on your router

Exchange
---------
http://bter.com/trade/meg_btc

Source
-------
https://github.com/memorycoin/memorycoin

Coin Minting
-----------
Reduction of 5% each week. 90% of coins minted in first year. 10% minted in second year. ~2% a year thereafter



Grant Awards
-------------
Every 20 blocks, a grant is awarded. The grant size is 5 times the size of the block reward.
Coin holders vote as to which address receives the grant.

Grant Voting
------------
Addresses beginning MVTEoEo are eligible to receive the grant provided it receives enough votes.

To vote for a grant, send a small amount of coin to the address.
For example, to vote for the MemoryCoin Foundation, send 1 satoshi (0.00000001) to

MVTEoEoXmYzFydRfg5uNJRewt9tZ329fAN

Try that now.

You can vote for grants in order of preference.

Lower amounts represent higher preferences . . . so you should send 1 satoshi to your highest preference, 2 satoshis to your second preference etc.
Amounts are cumulative . . . so if you send additional amounts, they are added to previous amounts to determine which preference they are in your vote.

The grant are awarded every 20 blocks using a STV voting system. If your first preference is eliminated, your vote is transferred to your second preference, until one of your preferences is elected or the election ends.

You only need to vote once, and your vote will be active for all future elections. Your whole balance will count towards your vote, so the large your balance, the more influence your vote has.

You should only use one key per wallet when you use the voting system in MemoryCoin. The MemoryCoin wallet will always send change in you transactions to the first address in your wallet, helping to maintain all of your funds at a single address.

Request for Grant Proposals
--------------------------
If you're stuck for ideas, have a look here
https://bitcointalk.org/index.php?topic=267877.0

[Alex P]

Restarts?  Meaning ZERO coin after mining?  Then this is a BETA test coin.

Maybe this should be called "Amnesia coin"

[jdebunt]

will give this a try when it's released :>

[A L I E N]

sounds interesting, can you speak more about the hashing algo?

[FreeTrade]

sounds interesting, can you speak more about the hashing algo?

   SHA512((pbegin == pend ? pblank : (unsigned char*)&pbegin[0]), (pend - pbegin) * sizeof(pbegin[0]), (unsigned char*)&csoh);
   for(int i=0;i<12;i++){
      scrypt(csoh, HASHLENGTH, csoh, HASHLENGTH, 12, 1, 1, (unsigned char*)&csoh, HASHLENGTH);
      for(int j=0;j<10;j++){
         scrypt(csoh, HASHLENGTH, csoh, HASHLENGTH, 8, 1, 1, (unsigned char*)&csoh, HASHLENGTH);      
         SHA512(csoh, HASHLENGTH, (unsigned char*)&csoh);
      }
   }
   scrypt(csoh, HASHLENGTH, csoh, HASHLENGTH, 10, 8, 1, (unsigned char*)&csoh, HASHLENGTH);
   uint256 hash2;
   SHA256((unsigned char*)&csoh, sizeof(csoh), (unsigned char*)&hash2);


It's designed to hit L2 cache for 128K, L3 cache for 2MB, and main memory for 64MB - and mixes in some SHA512 for complexity.

[FreeTrade]

Bitcointalk has been down for the past 90 minutes.

I'm delaying launch for a similar time period.

If Bitcointalk goes down again near launch - look on Reddit Bitcoin for links.

[captainfuture]

dont understand why, but of course u decide.

[cryptohunter]

how about a countdown timer?

[jdebunt]

btctalk has been up before the actual release so i don't see a reason to delay it personally

[tytanick]

btctalk has been up before the actual release so i don't see a reason to delay it personally

exactly
now we dont know when the release will be, can you post exact time ?

[erem]

btctalk has been up before the actual release so i don't see a reason to delay it personally

exactly
now we dont know when the release will be, can you post exact time ?

maybe 20:30 UTC?

[CoinBuzz]

Released?

[captainfuture]

lol

[FreeTrade]

btctalk has been up before the actual release so i don't see a reason to delay it personally

exactly
now we dont know when the release will be, can you post exact time ?

I just want to give more people a chance to get in at the start.

Changed the launch time +1hr - 20:00UTC

[tomtommy]

Yet another new coin failing to launch on time.

[dellstreakone]

can't sync

[captainfuture]

rpcport ??

[8bits]

0 connections, any other nodes?

[captainfuture]

cant sync

[FreeTrade]

rpcport ??

      nDefaultPort = 8555;
      nRPCPort = 8554;