[ANN][ARC] New Cryptocurrency Argcoin

[argcoin]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

[hotcoldcoin]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

A more useful link would be the code repository:  https://github.com/ARC-argcoin/argcoin

[hotcoldcoin]

Well well, no premine in the code?  

Code: (https://github.com/ARC-argcoin/argcoin/blob/master/src/main.cpp#L830)

int64 static GetBlockValue(int nHeight, int64 nFees)
{
	// initially 100 coins reward
	// and will be reduced 2% monthly
	
	int64 nSubsidy = 100 * COIN;
	int months = (int)(nHeight/8640);


	if(months > 0)
	{
		nSubsidy *= pow(0.98,months);
	}
	
    return nSubsidy + nFees;
}

[Fablio2]

"blocks" : 5595,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.00097655,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 5991794,
"pooledtx" : 0,
"testnet" : false

[hotcoldcoin]

- Block reward is reduced monthly 2% (every 8460 blocks)

Umm... it may be a very quick month.   At block 6670 now, and more rolling in fast.

[mill0601]

what do you mean no pre mine? First 5000 blocks were mined 3 days ago

[hotcoldcoin]

what do you mean no pre mine? First 5000 blocks were mined 3 days ago

I mean no premine defined in the code.   The first 5000 blocks 3 days ago is troubling.

[hotcoldcoin]

wow, indeed.   Example: block 100 time: Wed Aug 14 21:43:59 UTC 2013.   Gee that's a long time ago.

[Pmalek]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

So whats your plan release it dump it, then abandon the coin forever like most do?

[alex0909]

.DMG file for mac not working ... I don't want to compile it tonight, that's a goodbye

[captainfuture]

i wont mine a coin with that instamine and no info about that. no infos about what u have planed for future, bountys, promotion etc...

that smells like a dump coin

[hotcoldcoin]

I'm going to give it a month, as defined in the OP.  That should be coming up in about 5-10 minutes.

[captainfuture]

developed in argentinia.
WOW

its just a copycoin.
no infos about diff retargeting etc...

i think the time is over for such coins. that worked a few days/weeks and now no one is interested in such coins.

[hotcoldcoin]

Code:

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks

7days? hmmmmm.  Does that mean it's staying at diff 0.00384783 for the next 7 days?

[captainfuture]

Code:

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks

7 days?  hmmmmm

hope some big hasher joins for 7 days and get this coin to diff 30 

[minerapia]

static const int64 nTargetTimespan = 7 * 24 * 60 * 60; // ArgCoin: Adjust every 7 days
static const int64 nTargetSpacing = 300; // ArgCoin: 5 minute blocks
static const int64 nInterval = nTargetTimespan / nTargetSpacing;
== retarget is every 2016 blocks

not bad... atleast the dev took alot of time research what works and what doesn't
No wonder month is so short

[cryptohunter]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

whats the port numbers ffs?

[Scooby903]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

whats the port numbers ffs?

Set it to whatever.  Mine is 8888

[tiker]

Please let me introduce you the new Cryptocurrency named Argcoin [ARC]. Is the first electronic currency developed in Argentina.

Info:
- 5 minutes block target
- 42,000,000 coins
- 100 coins block reward
- Block reward is reduced monthly 2% (every 8460 blocks)
- It will take 20 years to mine all coins.
- The focus of this coin is to fight inflation (currently around 30%)

more information at http://www.argcoin.com

whats the port numbers ffs?

Defaults I found out are:
RPC:  54123
P2P:  54124

Added to the list of alt coins in my signature!

[Fablio2]

0 connections for a long time