[OSC]OpenSourcecoin Mandatory Update 7/1/14

[crackfoo]

Hey ya'll, I've added OSC to my new Multipool. Would love to have some miners stop by and mine!

xpool - BTC Multipool

 

http://www.xpool.ca

PROP reward system

BTC Payouts

Scrypt & SHA256 Algo's

DDoS Protected

High Performance Backend

Simple setup and usage

0% Fees while in BETA

To mine:

http://www.xpool.ca/get_started

Cheers and Happy Hashing!

[r3wt]

  I need help understanding something
This coin says it will go to half at 400,000 block number so if I'm understanding correctly it go from 25 coins to 12.5 coins per block.  is that correct???
 
     
 
      SPECIFICATIONS

    Algorithm: Sha256 POW/POS**
    TX Message Feature
    PPCoin Checkpointing System
    Total Coins: 21 million
    19.8 million coins by Year 8
    Subsidy: .0777 - 25 coins
    Halving: 400,000 blocks
    Minimum Subsidy: .0777
    Block Times: 1 minute
    Symmetrically Scaling Difficulty Retarget Algorithm(SSDRA) without Rollback
    UPNP

main.cpp line 946-982 https://github.com/bryceweiner/OSC/blob/master/src/main.cpp

Code:

// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{

static const int64 nMinimumCoin = 0.0777 * COIN;

	int64 nSubsidy = 0.0777 * COIN;                                                                         //genesis

	if (nHeight > 0 && nHeight < 7) {nSubsidy = 0 * COIN;}                                                // zero
	else if (nHeight == 7) {nSubsidy = 177777 * COIN;}                                                   // Premine
	else if (nHeight > 7 && nHeight < 1000) {nSubsidy = 2.5 * COIN;}                                   // IRC Launch
	else if (nHeight > 1000 && nHeight < 1337) {nSubsidy = 0.0777 * COIN;}                            // low instamine official launch
	else if (nHeight == 1337) {nSubsidy = 1337 * COIN;}                                               //L33T
	else if (nHeight > 1337 && nHeight < 4000) {nSubsidy = 1 * COIN;}                                //final launch period
	else if (nHeight > 4000 && nHeight < 8000) {nSubsidy = 22.5 * COIN;}	                        // 22.5 coin
	else if (nHeight > 8000 && nHeight < 16000) {nSubsidy = 15 * COIN;}                            // 15 coins per block
	else if (nHeight > 16000 && nHeight < 32000) {nSubsidy = 7.5 * COIN;}                         // 7.5 coins per block
	else if (nHeight > 32000 && nHeight < 64000) {nSubsidy = 6 * COIN;}                          // 6 coins per block
	else if (nHeight > 64000 && nHeight < 77777) {nSubsidy = 4 * COIN;}                         // 4 coins
	else if (nHeight == 77777) {nSubsidy = 10000 * COIN;}                                      // bonus reward
	else if (nHeight > 77777 && nHeight < 128000) {nSubsidy = 4 * COIN;}                      // 4 coins
	else if (nHeight > 128000 && nHeight < 256000) {nSubsidy = 20 * COIN;}                    // 20 coins
	else if (nHeight > 256000) {nSubsidy = 25 * COIN;}                 // 25 coins
	else if (nHeight > 2400000) {nSubsidy = 5 * COIN;}
	else {nSubsidy = 1 * COIN;}              

    // Subsidy is cut in half every 400 thousand blocks
    nSubsidy >>= (nHeight / 400000);

	// Minimum subsidy
    if (nSubsidy < nMinimumCoin)
    {
        nSubsidy = nMinimumCoin;
    }

    return nSubsidy + nFees;
}

So to answer your question, yes unless i made some error in this code it will drop to 12.5 @ 400k blocks and will continue to half until block 2,400,000 where the reward will bump back up to 5 and continue halfing until it reaches the minimum subsidy. any block that doesn't fall into the rules above will fall back to a reward of 1 coin.

[kprell40]

   Then the at  block 400,000.  The coin values will eventually go up in price right  if I'm understanding correctly  because harder to mine them from 25 to 12.5 per block .
   
       Kevin

[r3wt]

   Then the at  block 400,000.  The coin values will eventually go up in price right  if I'm understanding correctly  because harder to mine them from 25 to 12.5 per block .
   
       Kevin

I won't speculate on the price, but it certainly could slow the rate of dumping on exchanges.

[BitcoinNational]

   <sup>{0000000}xxx if (nHeight > 0 && nHeight < 7) {nSubsidy = 0 * COIN;}                                                   // zero
   {0177777}else if (nHeight == 7) {nSubsidy = 177777 * COIN;}                                                             // Premine BLoCK=177777
   {0002483}else if (nHeight > 7 && nHeight < 1000) {nSubsidy = 2.5 * COIN;}                                        // IRC Launch
   {0000026}else if (nHeight > 1000 && nHeight < 1337) {nSubsidy = 0.0777 * COIN;}                            // low instamine official launch
   {0001337}else if (nHeight == 1337) {nSubsidy = 1337 * COIN;}                                                        // bonus BLOCK= 1337 coins
   {0002663}else if (nHeight > 1337 && nHeight < 4000) {nSubsidy = 1 * COIN;}                                  //01 coins final launch period

TOTAL =00.18 million (approx.)

   {0090000}else if (nHeight > 4000 && nHeight < 8000) {nSubsidy = 22.5 * COIN;}                                // 22.5 coin per block
   {0120000}else if (nHeight > 8000 && nHeight < 16000) {nSubsidy = 15 * COIN;}                               // 15 coins per block
   {0120000}else if (nHeight > 16000 && nHeight < 32000) {nSubsidy = 7.5 * COIN;}                            // 7.5 coins per block
   {0192000}else if (nHeight > 32000 && nHeight < 64000) {nSubsidy = 6 * COIN;}                               // 6 coins per block
   {0055108}else if (nHeight > 64000 && nHeight < 77777) {nSubsidy = 4 * COIN;}                               // 4 coins per block
   {0010000}else if (nHeight == 77777) {nSubsidy = 10000 * COIN;}                                                    // bonus BLOCK= 10000
   {0200892}else if (nHeight > 77777 && nHeight < 128000) {nSubsidy = 4 * COIN;}                             // 4 coins per block

TOTAL =05.25 million (approx.)

{2560000}else if (nHeight > 128000 && nHeight < 256000) {nSubsidy = 20 * COIN;}                            R// 20 coins per block
{3600000}else if (nHeight > 0256000&& nHeight < 0400000) {nSubsidy = 25.0 * COIN;}                       R// 25.00    coins per block <<now
{5000000}else if (nHeight > 0400001&& nHeight < 0800000) {nSubsidy = 12.5 * COIN;}                       R// 12.5      coins per block << soon
{2500000}else if (nHeight > 0800001&& nHeight < 1200000) {nSubsidy = 06.25 * COIN;}                     R// 06.25    coins per block
{6000000}else if (nHeight > 1200001&& nHeight < 2400000) {nSubsidy = 5 * COIN;}                            R// 05.00    coins per block

TOTAL =20.5 million (approx.)

   {0000000}else {nSubsidy = 1 * COIN;}                             R// 01 coins per block == 175200/yr</sup>


commentary NOT actual code

this is probably way wrong, if so, please comment



can you guess the coin?
usde ... deposit (cache) on demand
wow such reward inflation

[r3wt]

Sounds about right to me.

[BitcoinNational]

open source Wallet Security http://www.bitcointrezor.com/

^{example of what OSC could help fund}

open source banking
http://www.agescota.com/linux/


open source GLD
https://www.coaex.com/custom-gold-bars/

open source LEGAL

open source ROBOT

open source ENGINEERED SYSTEMS

open source WEB

[r3wt]

Anyone know of a working block explorer?

[r3wt]

6/25/2014 Ocoin-2.0.1-clean windows release
**This isn't mandatory, but fixes the problems with the gui. New Icon Set and Logo are included.
https://drive.google.com/file/d/0B5V5vln-sS3EWEFseFhPVVR1elE/edit?usp=sharing


Changes will be pushed to github in the morning, with the linux release to follow shortly thereafter.

i'm working on a revamp and relaunch of the opensourcecoin website with a block explorer and realtime transaction view.

[xenxex]

Nice guy.

Website is necessary. A blockexplorer would be nice. How about a richlist?
I think the direction is the right one!!!!

New logo is very clean, congratulations. Wallet is good.

Waiting for your innovations.

Hey Community, lets talk bout new ideas and projects for ocoin!!!

[r3wt]

Mandatory upgrade to latest source. some light internal changes, just to be safe you should upgrade. see OP

[BitcoinNational]

New logo is very clean, congratulations. Wallet is good.

Waiting for your innovations.

Hey Community, lets talk bout new ideas and projects for ocoin!!!

semiorganized talk about new ideas and projects for ocoin
https://bitcointalk.org/index.php?topic=268705.msg6611668#msg6611668

links to subthreads OR just post in here in the main thread if you need

PROJECT :: research/ideas/brainstorm area 
>> https://bitcointalk.org/index.php?topic=621963.msg6891176

[toto2000]

Hello

Since today my net hash rate on my pool for OSC is same as my pool hash rate.
I have updated the Ocoin daemon.

All my blocks found are not validated.

Does someone have changed on the OSC ?

[r3wt]

incoming source fix:

openssl1.0.1h
qrencode
kgw
i2p

[somatic]

How do I mine OSC solo with cgminer? BFGminer works fine, but cgminer says:

No BTC address specified, unable to mine solo on http://myserver.net:38532

I added my wallet address with --btc-address, and it seems to work, but since it'll be a while before I find a block, it'll be a while before I know. (And for all I know it might just fail silently.)

How would I go about mining solo with cgminer? I prefer BFG, but cgminer works better with my new Rockminer so I'm using that.

[BitcoinNational]

RE: OSC trade bot
http://json.karasoft.com/ (fund this?) kslavik Sr. Member
Cryptsy Bender 0.2btc https://bitcointalk.org/index.php?topic=700160.0
Quatloo-Trader by MarKusRomanus https://bitcointalk.org/index.php?topic=711966.0;all http://quatloos.org/trader.html


RE: solomining

The main pools are north of 3TH, going solo is near impossible.
OSC  Mining   Pools    >> https://bitcointalk.org/index.php?topic=602225

RE: Open Source in wallet exchange



EZ in wallet exchange.

1. IRC #openmarket
2. bot that keeps price and trust scores
3. ability to cross chat with other wallets

the OTC had a working version of IRC based market

established trusted nodes/users can act as escrow

http://opentransactions.org/wiki/index.php?title=OTX

_{glyph is not doing this / and the IRC troll box is just a graphic mockup / this is no endorsement for above coin}


RE: Open Source

Why not be the msft+sun+oracle+ibm of tomorrow?  
OS open source

How?  
If you can C++, C#, .js, or other.
Then take share in OSC, and code for OSC.
Then you will be part of the OS union.

This is the same as if m$ft coders owned a majority the m$ft shares and only worked for m$ft shares.

This idea scales to all things OS.  Do you know how to code?  Then join. How? Get some coin.  Offer to code for more coin.

RE: Got POD?

Yes 2 of the best.  Plus a company.

 

how about a POD squad?  
They will review code for OSC

source of gif http://cryptoasian.com/xrc-rhinocoin/
=================

Decentralized Data Storage ; Cloud Storage ; Storage Encryption ; (Password Protected Downloads)
Video & Music Library ; Video & Audio Public File Streaming
Cloudsend ; Anonymous email ; Secure video chat
Decentralized P2P trade ; Anonymous Market ; Api trader
Gambling Cloud App ; Anonymous Browser

--
Current Features
Current Development
Future Development
Under Research
Suggested Development


RE: other projects // Order of Root //

tipbot >> coin-agnostic crypto Tipbot for Slack
MulticurrencyPaymentSystem >> pop tips / open pay
ATM >> skyhook OS
market squares >> openbazaar / devMART

RE: https://github.com/DOACC

RE: http://www.sandboxie.com/

RE: release the XP code m$ft, simple OS for everyone

RE:
http://minkiz.co/coin/
http://www.rugatu.com/

RE: spokes person
http://www.linkedin.com/pub/robert-david-steele-vivas/0/26b/710 ?why not?
http://privacy-pc.com/interviews/open-everything-interview-with-robert-david-steele-vivas.html

RE: designer
http://www.cryptodesign.net/

RE: peer funding
http://peer4commit.com/projects

-------------
http://www.xcoinfactory.com/
Whaler's Choice - Our Premier Package Includes the Kitchen Sink    Xtra - Premium Coin Package    Noob Graduate - Basic Coin Package

    Clone the Satoshi blockchain based coin of your choice
    Customize parameters to your specification
    Wallets and Windows Installer
    Source code
    Basic coin website
    Block Explorer
    Paper Wallet website
    Launch Pool included (2% fee)
    2 Seed nodes, automated checkpointing node for PoS coins

   

    Clone the Satoshi blockchain based coin of your choice
    Customize parameters to your specification
    Wallets and Windows Installer
    Source code
    Basic coin website
    Launch Pool included (2% fee)
    1 seed node

   

    Clone the Satoshi blockchain based coin of your choice
    Customize parameters to your specification
    Windows Wallets and Installer
    Source code

100,000 XCASH    50,000 XCASH    25,000 XCASH

* Prices subject to change based on XCASH nominal exchange rates.
* Prices NOT subject to change based on OSC nominal exchange rates.


---
The work of the Coin economy designer is to think how the economy gets towards the Dynamic optimum state from the unoptimal Initial state. -- Rpie

[martinw79]

Is there a website being built for OSC?  If not, I would like to volunteer to build one in HTML5 and offer the hosting as well.  I reached out to Bryce about building a site for OSC, he said sure but I don't have a way to DM him.  Please PM me.

[BitcoinNational]

websites wanted THEREFORE web devvies wanted
OSC union no.2 the webbies

---

Is there anyone willing to teach me how to make an alt coin?

http://coincreator.net/

Probably the easiest way. If you are looking to make a "real" altcoin, with unique features, then you need to learn programming.

Try http://www.codecademy.com/

^ OSC union no.1 the coders

V OSC union no.3 the builders
robots, atms, and other cool toys

V OSC union no.4 the researchers
human intel, info gathers

V OSC union no.5 the architects
smart OS systems designers

What is Open Source?

Open source is a model.
Where access is open [not limited,without permits].
Where redistribution of time, work and information is through voluntary collaboration.
Where leaders give good direction, yet authorize no direct orders.

E Pluribus Unum

protoDAC ... seed stock generating new crypto ventures

[BitcoinNational]

BW
open plea here

You're a very busy guy.  And that's awesome.

So it's understandable that your time is very limited for FUD'n with the BCT h8ters.

But

You could assemble an army of 'open source' code monkeys with a single tweet.  
_{and (we) pay them OSC}
That would be pretty cool.  And (most of) the whiners could then just shut up.  

Cuz' you'll have your own 24/7 coder factory doing nothing more than scrubbing and polishing the github.

plus

If the market is buying up Xcash then wouldn't the market perhaps like a taste of an honest and long market tested 'coders-for-hire' coin.

How's that for an asset backed network - army of elite commando 'open source' code monkeys!

[BitcoinNational]

OSC (seed) ... open source original source educational papers/lessons block chain