[ANN][BET] BETACOIN - SHA256 COIN | POW | 32mln + 0,39% annual | NO PREMINE

[betacoindev]

Betacoin
http://betacoin.cc
http://betacoin.info
Transaction Comments
SHA256 based crypto currency
Quick difficulty adjustment
~ 4 min block time

Specifications

   Classic SHA-256 Algo, Proof of Work
    Block target: ~4 minutes (2.5x faster than Bitcoin)
    Total coin supply: 32 million coin units (will be mined in ~6 years) + small per year supply.
    Block reward 128 coins, halving every 126000 blocks (~1 year)
    Fast difficulty adjustment - every 6 blocks
    NO PREMINE - was announced on cryptocointalk after first block was mined.
    Default Port: 32333
    RPC Port: 32332

Some infographics

Betacoin information - https://infogr.am/betacoin-01706179/
Betacoin difficulty - https://infogr.am/betacoin-difficulty/

References in the media

http://www.etfguide.com/commentary/1159/Will-Better-Technology-Deflate-Bitcoin-Fever/

http://sg.finance.yahoo.com/news/better-technology-deflate-bitcoin-fever-203808640.html

http://www.nasdaq.com/article/will-better-technology-deflate-bitcoin-fever-cm307120

Source code

https://github.com/betacoindev/betacoin

Windows installer

https://drive.google.com/file/d/0B0e2uZVd-U8ka1ROdHJFYnNqQk0/edit?usp=sharing

Linux binary

https://drive.google.com/file/d/0B0e2uZVd-U8kdE9idFNvTnM0cTQ/edit?usp=sharing

MAC binary

https://docs.google.com/file/d/0B0e2uZVd-U8kbVB0RjFoNnlTYWM/edit?usp=sharing

Web Wallet

http://wallet.betaco.in - for test purposes only, do not store big amounts of Betacoin in Web Wallet, e.g. do not store more than 100 BET

Community

http://community.betaco.in

https://cryptocointalk.com/forum/470-betacoin-bet/

Pools

http://beta.dsync.net - x3maniac's Pool

http://bet.ispace.co.uk - Marty19`s Pool/

http://p2pool.org:32335/static/ - p2pool.org

http://bet.coinsilo.com - incredible_hulk pool

http://bet.l2r.in/ - bet.l2r.in

http://wdc.port-x.de/mops/public/ - German BTC Pool Party League

http://xpool.in/index.php - xpool

http://pool.betacoin.pl - betacoin.pl

http://bet.webcoin.us/ - webcoin.us

http://bet.coin-pool.org - bet.coin-pool.org

http://bet.coinpool.de/ - bet.coinpool.de

https://coinex.pw/mining/pools/BET - coinex betacoin pool

http://tompool.org:81/betmine/public/ - tompool

http://bet.united-miners.com

http://bet.coinz.pw

Block explorer

http://www.coinsilo.com

https://andarazoroflove.org/explorer/betacoin/block_crawler.php

Exchanges

https://www.coins-e.com/exchange/BET_BTC/

https://www.coins-e.com/exchange/BET_LTC/

https://www.cryptsy.com/markets/view/129

https://coinex.pw/trade/bet_btc

https://coinex.pw/trade/bet_ltc

Betacoin giveaway

https://bitcointalk.org/index.php?topic=341289.0

Sample betacoin.conf

Code:

rpcuser=myname
rpcpassword=mypassword
maxconnection=50
rpcallowip=127.0.0.1
rpcallowip=192.168.0.*
rpcport=32332
server=1
listen=1
addnode=66.172.10.57
addnode=76.74.177.244

Notices
For the first connection try to use  

Code:

./betacoind -connect=76.74.177.244 &

In GUI Client after first start go to the console and type

Code:

addnode 76.74.177.244 onetry

[ropyu1978]

 

the client?

[freecoins]

I can't see the wallet.

[bbxx]

nice 4200 blocks premined lol

so half million coins allready mined before gui client

[betacoindev]

By now you should compile your wallet by your own from source code, but soon it will be available to download.

[freecoins]

By now you should compile your wallet by your own from source code, but soon it will be available to download.

Interesting way to get advantage...no, thanks!
Who build this coin, @r3vt, @Hazard, who?

[betacoindev]

nice 4200 blocks premined lol

so half million coins allready mined before gui client

It was not premined!!! It was announced on cryptocointalk right after first block was mined (24/10/2013), so after first block there was at list 10 miners on network! Also GUI client is done, you just need to compile it by yourself.

[bbxx]

nice 4200 blocks premined lol

so half million coins allready mined before gui client

It was not premined!!! It was announced on cryptocointalk right after first block was mined (24/10/2013), so after first block there was at list 10 miners on network! Also GUI client is done, you just need to compile it by yourself.

yes. and you have been silently mining it
no one cares about this coin, name is stupid also.

look at your topic, it has no interest at all
https://cryptocointalk.com/topic/1443-betacoin-bet-information/

lol.

after few days of your premine nobody cares about your coins so you came there
to get some noobs mining, create pools, blockexplorers, exchanges

and then you will dump.

pathetic.

[betacoindev]

nice 4200 blocks premined lol

so half million coins allready mined before gui client

It was not premined!!! It was announced on cryptocointalk right after first block was mined (24/10/2013), so after first block there was at list 10 miners on network! Also GUI client is done, you just need to compile it by yourself.

yes. and you have been silently mining it
no one cares about this coin, name is stupid also.

look at your topic, it has no interest at all
https://cryptocointalk.com/topic/1443-betacoin-bet-information/

lol.

after few days of your premine nobody cares about your coins so you came there
to get some noobs mining, create pools, blockexplorers, exchanges

and then you will dump.

pathetic.

1. Coin and services is in development
2. I was not silent mining it alone! It also was announced on IRC channels etc. And again it was about 10 miners since the beginning of network, even without precompiled clients
3. Name is good.

[betacoindev]

And i havent seen yet coin announced here without blaming developers, why?
and about what premine are we speaking if now difficulty is 535?

[bbxx]

3. Name is good.

BETAcoin
so beta coins will be wiped after relase not beta version ?
i am missimg something?

lol.

[betacoindev]

I quess, yes, you are missing:)
 BETA means not only development stage:)
Also it is second letter, as you now, so in that way it is second coin after Bitcoin:)
Also BETA in transcription is beɪtə and sound like "BETTER" with some accent

etc etc etc.

[bbxx]

ok tell us how much you have betacoins now

anyway something is wrong with this coin
diff is 227 now (1.63 Ghs)

but block are coming every 10-30 seconds

diff is going down... and block time going down too

strange, error or what ?

[betacoindev]

ok tell us how much you have betacoins now

anyway something is wrong with this coin
diff is 227 now (1.63 Ghs)

but block are coming every 10-30 seconds

diff is going down... and block time going down too

strange, error or what ?

No error, luck for you if you mine now! i will explain in 20 mins - after taking coffee.

[betacoindev]

ok, i am here. So why we can see difficulty going down now so fast? It is because of diff adjustment algo in Betacon and about premining blames.

Betacoin diff adjust algo works like that:

Phase 1 - untill 16000 block (when network is poor and not lots of people know about Betacoin)

Diff adjustment every 6 blocks based on last 1536 blocks, and with the minus 10% adjustment and plus 2% adjustment.

Phase 2 - after 16000 block (when network will became stronger)

Diff adjustment every 6 blocks based on last 48 blocks, and with the minus 2% adjustment and plus 1% adjustment.

So right after announce on cryptocointalk.com 24/10/2013 i was checking network status very often, and have seen at least 10 miners in first day, also i notised that those miners had about 60-100 GH of total speed (common situation when new SHA256 coin launched), so in 3 days diff became about 8000, and then i quess they leave the network. After that block time became terribly slow (~1 block in 1 hour), so network begin to adjust itself, and because Phase 1 difficulty adjustment is based on last 1536 block you can see now what you see - i mean huge difficulty drop, because based on 1536 blocks average block time still is about ~4 min.

This thing with difficulty drops on first 16000 blocks was made to give all initial miners a chance to mine coin, even with low speed and even not at the first day of coin launch.

Soon we will see difficulty go up with +2% every 6 blocks.



 

[bbxx]

cool
so now diff is 20 (150Mh/s)



lol
78% orphans

[betacoindev]

Yes it can even go to 1, and tomorrow in this topic other miners will blame you in premine too lol

[bbxx]

ok i am premining it with my outdatted hardware
so i have 83% orphans

one erupter can mine a block every minute now

[JohnJoule]

Hi there

There's a a few things you forgot to change when the source was cloned from Joulecoin.

1. Checkpoint data

Tx number should be 0 for the genesis block, you're still using the tx number from checkpoint 3 in Joulecoin.
Estimated tx/day is also wrong for betacoin, you're still using the value applicable to Joulecoin.

static const CCheckpointData data = {
        &mapCheckpoints,
        1382532797, // * UNIX timestamp of last checkpoint block
        37150,      // * total number of transactions between genesis and last checkpoint
                    //   (the tx=... number in the SetBestChain debug.log lines)
        1920        // * estimated number of transactions per day after checkpoint
    };

2. You are using the same message start characters as Joulecoin, this means messages from the one network can be transmitted on the other. Not a train smash, but unfortunate.

       pchMessageStart[0] = 0xa5;
        pchMessageStart[1] = 0xc0;
        pchMessageStart[2] = 0x79;
        pchMessageStart[3] = 0x55;

Cheers
John

[bbxx]

and diffilcuty imploded now

2 (18.44Mh/s)



wow

i am getting 96% orphans