[ANN][SRC] Securecoin | A Fast and Secure Version of Bitcoin | 2013

[B.T.Coin]

We're looking at one week as the best ETA.

There's a lot of testing that needs to be done on a few fronts.

One week has passed. Any updates?

[baritus]

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

[r32godzilla]

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

Thanks for the update Baritus. Good idea. Otherwise not much point releasing it if its going to be smashed from day 1 by GPU miners. Hope you can come up with a good fair solution that keeps it CPU only.

[minerapia]

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner. And the dev of the miner would ofc reap the benefits collect some sort of paycheck from his/her work first before releasing it. Ever since opencl/cuda it hasnt been that hard to actually port work done on CPU to GPU.
And cpu only is as fair as gpu mining, or maybe even less. With GPU's you just need to visit a store to hoard massive hashrates, cpu 'only' algos just removes "go to store" part as you can buy computing time from clouds anyway.
big money = big hashrates

[smolen]

1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.

I'm the author of that "claimed" miner and it is in the hands of one at the moment Consider my competence and efforts put in the miner as a capital on which I get small interest.
Regarding time to release new CPU-only coin, IMHO it's better to wait for the release of Primecoin GPU miner. Also may be someone will write another miner for Quark (Quark is performing quite well on the exchange, there is still time to profit), or my own miner will be released. Right now CPU hashrate reallocations between Quark, Primecoin and SecureCoin performed by VPS farms owners could kill young coin. Of course, it's only my opinion and  just another thing, may be not so important, for coin creator to consider.

EDIT:

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner.

The only real obstacle was the groestl hash, it took a lot of work and luck to get past 180 KHs barrier.

[baritus]

1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.

I'm the author of that "claimed" miner and it is in the hands of one at the moment Consider my competence and efforts put in the miner as a capital on which I get small interest.
Regarding time to release new CPU-only coin, IMHO it's better to wait for the release of Primecoin GPU miner. Also may be someone will write another miner for Quark (Quark is performing quite well on the exchange, there is still time to profit), or my own miner will be released. Right now CPU hashrate reallocations between Quark, Primecoin and SecureCoin performed by VPS farms owners could kill young coin. Of course, it's only my opinion and  just another thing, may be not so important, for coin creator to consider.

EDIT:

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner.

The only real obstacle was the groestl hash, it took a lot of work and luck to get past 180 KHs barrier.

Thanks for the input. I am carefully watching the current state of affairs for the best launch time. This is very clearly not it.

[baritus]

UPDATE: I am satisfied with the coin's performance and it is on track for a Tuesday/Wednesday launch. I will specify a definite time as it approaches.

Thank you for your support, help, comments, and suggestions. It is much appreciated.

Bter will work with us to offer trading from launch.

[cosmoo]

UPDATE: I am satisfied with the coin's performance and it is on track for a Tuesday/Wednesday launch. I will specify a definite time as it approaches.

Thank you for your support, help, comments, and suggestions. It is much appreciated.

Bter will work with us to offer trading from launch.

I trust your intuition Baritus

[gigawatt]

UPDATE: I am satisfied with the coin's performance and it is on track for a Tuesday/Wednesday launch. I will specify a definite time as it approaches.

Thank you for your support, help, comments, and suggestions. It is much appreciated.

Bter will work with us to offer trading from launch.

We're going to have a full 24 hour heads up before the release, right?  I don't want to be caught off guard and miss out on the festivities. 

[baritus]

UPDATE: I am satisfied with the coin's performance and it is on track for a Tuesday/Wednesday launch. I will specify a definite time as it approaches.

Thank you for your support, help, comments, and suggestions. It is much appreciated.

Bter will work with us to offer trading from launch.

We're going to have a full 24 hour heads up before the release, right?  I don't want to be caught off guard and miss out on the festivities. 

Yes.

[xRUFUSx]

Does this coin have any relation to https://en.bitcoin.it/wiki/SecureCoin?

[baritus]

Does this coin have any relation to https://en.bitcoin.it/wiki/SecureCoin?

No, it does not.

[aTriz]

8pm - 10pm EST release sounds good when its ready!

[baritus]

SecureCoin is fully completed. Could you post your preferred launch times so that I can try to find some middle ground?

[Eli0t]

7pm - 9pm UTC +1 would be good for me but 11pm - 1am UTC+1 is ok too

[A L I E N]

13:00 GMT/UTC

[baritus]

UTC for timezone is preferred. 

[lishbtc]

Thanks for the input. I am carefully watching the current state of affairs for the best launch time. This is very clearly not it.

UPDATE: I am satisfied with the coin's performance and it is on track for a Tuesday/Wednesday launch. I will specify a definite time as it approaches.

Hey Baritus,

Not trying to cause drama here but can you please advise what changed in that 9 hour period?  In the first post you're very clear this is not the time to launch, then 9 hours later say you're on track to launch... 

That comes across as quite a mixed message, so I'd be keen to hear what changed in such a short timeframe and your thoughts on the supposed GPU miner & hash switching between CPU coins as mentioned by smolen?

I'd like to have confidence in the coin but this doesn't exactly scream 'clear roadmap'...

Cheers!

[dzhan]

@ 13:00 UTC

[r32godzilla]

Yeah 13:00 UTC suits me ok