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Author Topic: [ANN][SAV]SavingCoin - 100% annual interests! | No Premine | Enjoy your savings!  (Read 52764 times)
coinmaker652
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September 01, 2013, 02:20:42 AM
 #1




SavingCoin (SAV)

It is a PoW/PoS coin of decendent of PPCoin/Novacoin with latest available algorithms that fixed various problems in the recent PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is an energy-efficient cryptocurrency.

SavingCoin provides a way to accumulate the coins not only by mining, but also by collecting the interests with holding of the coins. For coins held in an account for more than 5-10 days, interests start to pay out. The monthly interest is about 6%, with an annual interest of 100%. This subject to the maximum release of total 500 million coins.

There are 3 phases for the SavingCoins.

First phase is the mining phase. During this period, the main source of the coin is the mining. Mining starts with 512 coins per block, halves each month, so after 9 months the mining payout will be dropped to 1 coin per block. The 1st phase will last 6-9 months. The total minable coins will be 23,224,320.

In the second phase, the coins mainly comes from the interests. The PoS blocks will be generated after 5-10 days of the holding of the coins. At 100% annual interest, this will be significant. The interest release is subject to maximum 500 million coin limit. Assuming half of the coins are held for interests, it will take about 5.5 years to reach the 500 million coin limit.

The last phase is where 500 million coin limit is reached. The subsequent actions will be provided by the transaction fees which will sustain the mining of the coins. Transaction fee (when applicable) is set to 2%.

No Premine.


Specifications

   - 2 minute block target
   - 512 coins per block
   - Difficulty retargets every block
   - mining payout will be halved every month (21600 blocks)
   - Expected total mined coins will be 23,224,320 SavingCoins
   - 3 confirmations for transaction
   - 50 confirmations for minted blocks
   - Total coins (hard limit): 500 millions

   - Ports: connection 17110, RPC 17111.

To encourage accumulating initial stake, for the first 3 days all the payout will be doubled.




Mining Pools

Feeleep's Stratum Mining Pool:
http://sav.coinmine.pl
Stratum Port: 7060


Wanghaoqd's Pool:
http://sav.excpool.com/




Downloads

Windows Client Downloads:
https://mega.co.nz/#!xhMwnD6K!dqw7QXw7jVJGV2zGq-CXwWZanNYbJGQsYvSY59S6hUY

Source Code Download:
https://github.com/savingcoin/savingcoin.git




Blockchain Explorer

- to be added -




Sample Config File (savingcoin.conf)

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=17111
rpcconnect=127.0.0.1
addnode=122.49.172.86
addnode=67.231.243.175
addnode=76.102.71.50
addnode=98.82.115.169



How to Solo Mining

1. Start up savingcoin-qt, wait for it to load, then exit.
2. Put savingcoin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/SavingCoin
3. restart savingcoin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:17111 -u **yourusername** -p **password** (without **)



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September 01, 2013, 02:27:16 AM
 #2

hmmm... another pow/pos coin.

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Balthazar
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September 01, 2013, 02:30:31 AM
 #3

Quote
  - 2 minute block target

<...>

   - 3 confirmations for transaction
   - 50 confirmations for minted blocks
Just another unsustainable configuration. Roll Eyes

==> Trash can

novaco.in | EtherMine.ru (65 GH/s, DGM 0.5%) | EtherDig.Net (18GH/s, PPS 1.5%)
฿: 1QJ8RFiRKsJKmY8ZAjxfCUeBZXmjthK4Pk: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i ETH: 0x5B475Febb3018f41d0Ac3C2f1A864bd102ab5a2E
TheSpiral
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September 01, 2013, 02:39:54 AM
 #4

Compiling currently...
If anyone has initial problems, try "mkdir obj" in savingcoin/src
Seems to be compiling fine after that (on an old Pentium 4, so may be a while)

[Cex.io] - Cheap virtual mining.
barwizi
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September 01, 2013, 02:57:41 AM
 #5

srDgBwo6DSxkTVBiHqEieN9GREVaDthCcu

all orphans here, anyone kind enough to get me going?
coinmaker652
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September 01, 2013, 03:33:18 AM
 #6

srDgBwo6DSxkTVBiHqEieN9GREVaDthCcu

all orphans here, anyone kind enough to get me going?
big guys came in, I don't even see many orphans (only 1 orphan in last 30 mins, not to say any blocks) ...

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Scooby903
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September 01, 2013, 03:47:22 AM
 #7

Stuck synching on block 520, which was mined 10 hours ago  Roll Eyes

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████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
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number37
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September 01, 2013, 04:21:23 AM
 #8

Is there a mining pool?

atomicchaos
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September 01, 2013, 04:25:13 AM
 #9

If it's 512 per block, why am I getting 1024??

EDIT: Sorry, I'm blind, I see the statement that payout is double to encourage mining in first couple days.

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TheSpiral
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September 01, 2013, 04:50:22 AM
 #10

Is there a mining pool?
Not yet. I'm too much of a noob to figure out how to get one up.

[Cex.io] - Cheap virtual mining.
atomicchaos
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September 01, 2013, 05:06:55 AM
 #11

There are daily new alt coins coming out, many people just copy-paste and change some params to make new coins, and these new coins trade in different exchanges such as cryptsy. Is this making any sense? My friends told me by making coins like this, each coin they can make 2-10 BTCs, much faster than they mine BTC directly. I guess soon the alt coins will be saturated as it is so easy to make one. Any comments or opinions there?

Hmmm

BTC:113mFe2e3oRkZQ5GeqKhoHbGtVw16unnw2
muddafudda
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September 01, 2013, 05:11:11 AM
 #12

Premine, fucked the calculations for a shit hobo coin clone. True balthazar very ordinary. Since the dev is pure scam, ill inform the exchanges when they push

tengshanzen
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September 01, 2013, 05:13:22 AM
 #13

can you support me a few coins. If I can get someone creat a pool?
atomicchaos
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September 01, 2013, 05:21:28 AM
 #14

Premine, fucked the calculations for a shit hobo coin clone. True balthazar very ordinary. Since the dev is pure scam, ill inform the exchanges when they push

Uh, Pot. Kettle.

BTC:113mFe2e3oRkZQ5GeqKhoHbGtVw16unnw2
sam53
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September 01, 2013, 05:23:39 AM
 #15

Premine, fucked the calculations for a shit hobo coin clone. True balthazar very ordinary. Since the dev is pure scam, ill inform the exchanges when they push
look at yourself before accusing other people, you try to steal a successful coin's name, after failed with many of your own scam coins. When you say this coin premined, do you have any proof? I saw it was launched in altcointalk a day ago (as it is said in OP).

Of all the devs, you are one of the worst, so stop accusing others.

Also, this is for you from another thread:
https://bitcointalk.org/index.php?topic=280512.msg3047613#msg3047613


feeleep
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September 01, 2013, 06:20:37 AM
 #16

pool up:

http://sav.coinmine.pl
Stratum Port: 7060


feeleep

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September 01, 2013, 06:27:49 AM
 #17



SavingCoin (SAV)

It is a PoW/PoS coin of decendent of PPCoin/Novacoin with latest available algorithms that fixed various problems in the recent PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is an energy-efficient cryptocurrency.

SavingCoin provides a way to accumulate the coins not only by mining, but also by collecting the interests with holding of the coins. For coins held in an account for more than 5-10 days, interests start to pay out. The monthly interest is about 6%, with an annual interest of 100%. This subject to the maximum release of total 500 million coins.

There are 3 phases for the SavingCoins.

First phase is the mining phase. During this period, the main source of the coin is the mining. Mining starts with 512 coins per block, halves each month, so after 9 months the mining payout will be dropped to 1 coin per block. The 1st phase will last 6-9 months. The total minable coins will be 23,224,320.

In the second phase, the coins mainly comes from the interests. The PoS blocks will be generated after 5-10 days of the holding of the coins. At 100% annual interest, this will be significant. The interest release is subject to maximum 500 million coin limit. Assuming half of the coins are held for interests, it will take about 5.5 years to reach the 500 million coin limit.

The last phase is where 500 million coin limit is reached. The subsequent actions will be provided by the transaction fees which will sustain the mining of the coins. Transaction fee (when applicable) is set to 2%.

No Premine.


Specifications

   - 2 minute block target
   - 512 coins per block
   - Difficulty retargets every block
   - mining payout will be halved every month (21600 blocks)
   - Expected total mined coins will be 23,224,320 SavingCoins
   - 3 confirmations for transaction
   - 50 confirmations for minted blocks
   - Total coins (hard limit): 500 millions

   - Ports: connection 17110, RPC 17111.

To encourage accumulating initial stake, for the first 3 days all the payout will be doubled.

The official website is: Savingcoin.net (under construction).


Downloads

Windows Client Downloads:

Mega.co.nz:
https://mega.co.nz/#!V0kg3KSY!c9Rf1ROT3APUvhCDK2NB9SyUKmBecGn0mc8E2n6Qli0

Google Doc:
https://docs.google.com/file/d/0B-_cT_EUbb3oTWlxWktORFd5Wlk/edit?usp=sharing


Source Code Download:
https://github.com/savingcoin/savingcoin.git


Website

Savingcoin.net (under construction)


Blockchain Explorer

- to be added -


News and Updates

- to be updated -


Sample Config File (savingcoin.conf)

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=17111
rpcconnect=127.0.0.1
addnode=122.49.172.86
addnode=67.231.243.175
addnode=76.102.71.50
addnode=98.82.115.169



How to Solo Mining

1. Start up savingcoin-qt, wait for it to load, then exit.
2. Put savingcoin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/SavingCoin
3. restart savingcoin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:17111 -u **yourusername** -p **password** (without **)




OH!yes,baby,
number37
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September 01, 2013, 06:29:24 AM
 #18

pool up:

http://sav.coinmine.pl
Stratum Port: 7060


feeleep

wonderful, thanks!

atomicchaos
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September 01, 2013, 06:33:34 AM
 #19

Ok, who wants to buy 50k of these? Smiley

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Magic8Ball
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September 01, 2013, 06:43:38 AM
 #20

Difficulty already at 1.7  Shocked

Any giveaway please so8fDHbPjPFMMuxP4YbtCHz8XCiC74h5Ao
Thanks
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