[ANNOUNCING]Sauron Rings (SAU) | Show your support for Sauron! | PoW | Rare!

[smeagol]

smeagol is proudly announcing:
Sauron's Rings!
(SauronRings, SAU)


The Proof-of-Work, scarce, Scrypt coin for YOU to show your support for Sauron and Gollum!  (I'm smeagol, the nice one ).

Specifications (Saruman is in charge of this  )
Block time: 1.5 minutes (90 seconds)
Block reward: 0.001 Rings
Coin cap: 20,000 (20 * 1000)
Difficulty algorithm: Every two blocks based on last four blocks
RPC port: 2222 (the second age!)
P2P port: 1892 (Tolkien's birth)
Testnet: 1973 (Death of Tolkien)
Addresses: They start with B, because B is for Bilbo Baggins, the second hobbit to own the one ring   thanks eli0t!

Downloads:
Windows qt: (.rar) http://www.mediafire.com/?5xctctjmt2b6xq6
Windows qt: (.zip) http://www.mediafire.com/?218o3un2hhkh242
Source: https://github.com/sauronrings/SauronRings

If you download, please post your node so others can keep in sync!  Thanks!  

sauronrings.conf
port=1892
rpcport=2222
addnode=54.232.197.215
addnode=121.215.159.167

Pools?
Not yet.

Block Explorer?
Nothing yet.

Rewards and Bounties?
0.05 : Pool
0.1 : Exchange
0.01 : Block Explorer
0.01 : Faucet

Premine?
0.5% (11 days)

Anything else?
Here's a picture of Barad-dûr!  Also, send some coins and stuff.  The transaction icons are a surprise!  Have fun!

[1714930096]

1714930096

[1714930096]

1714930096

[1714930096]

1714930096

[smeagol]

reserve

[Eli0t]

insanely low block reward and Bilbo was not the first hobbit to own the ring

[smeagol]

insanely low block reward and Bilbo was not the first hobbit to own the ring

Really?  Who was it then?  I thought the rings were only given to dwarves, men, and elves. (plus the dark lord)

[Eli0t]

smeagol was not always smeagol

[smeagol]

smeagol was not always smeagol

ahh, now I remember. 

[barwizi]

gpu mineable?

[smeagol]

gpu mineable?

yep.  Use cgminer!  

cgminer.exe --scrypt -o http://127.0.0.1 -u username -p password

[barwizi]

{
"blocks" : 30,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.12119884,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 5752,
"networkhashps" : 467247,
"pooledtx" : 0,
"testnet" : false
}


quite a diff jump

[number37]

each block give 0.001, but premined 10 coins, which equivalent to 10000 normal blocks, what a garbage, forget it:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 0.001 * COIN;
    
    if(nHeight == 3)  
    {
        nSubsidy = 10 * COIN;
    }
    return nSubsidy + nFees;
}

[smeagol]

{
"blocks" : 30,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.12119884,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 5752,
"networkhashps" : 467247,
"pooledtx" : 0,
"testnet" : false
}


quite a diff jump

doubled again!

{
"blocks" : 32,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.25075665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1028092,
"pooledtx" : 0,
"testnet" : false
}

[smeagol]

each block give 0.001, but premined 10 coins

[/quote]

Agh!  Red text and bold!

10/20000 = 1/2000 = 0.5/1000 = 0.05/100 = 0.05%

[Kujmandosz]

At least make a reasonable name for the coin and don't state that pools will come if you do them. That is just so wrong...

[barwizi]

BBnwdYx8bj25T6LQBJHsSDFRG9MvowRz6p

diff is already too high

[tiker]

... and another one for the list in my signature. 

BJuihhrBVKxE6BMTjh3PCBLiEAbzxLPtmg

[smeagol]

At least make a reasonable name for the coin and don't state that pools will come if you do them. That is just so wrong...

SauronRings is not a reasonable name?  how dare thee! 

[flyingcat]

each block give 0.001, but premined 10 coins, which equivalent to 10000 normal blocks, what a garbage, forget it:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 0.001 * COIN;
    
    if(nHeight == 3)  
    {
        nSubsidy = 10 * COIN;
    }
    return nSubsidy + nFees;
}

People are more and more greedy these days, most coins launched are all garbage, and people just hope to get listed in cryptsy and then dump. I hope cryptsy do keep the minimal moral and don't list the premined coins.

[smeagol]

... and another one for the list in my signature. 

BJuihhrBVKxE6BMTjh3PCBLiEAbzxLPtmg

Wow, you got a big list!  What are haxxors and bitchips?

[barwizi]

stuck at block 33  

edit: finally solved but check new diff

{
"blocks" : 34,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.00303044,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 6683,
"networkhashps" : 4306463,
"pooledtx" : 0,
"testnet" : false
}

[smeagol]

stuck at block 33 

I'm up to 34