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Author Topic: TEKcoin Info  (Read 1810 times)
thundertoe
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November 03, 2013, 09:30:33 PM
 #1

TEKcoin the High TEK advanced sha256 coin of the future.

sha256 Proof of work/Proof of Stake
A fast modern Sha256 coin
Supports text msgs, very fast adj algo, quick confirms, energy efficient proof of stake.
stake(interest paid to coins held for 30 days in your wallet) eligible in 30 days
Unlimited coins
1 coin per block
1 minute per block
No premine
No block halving



     There is a new player in the sha-256 game. TEKcoin is designed around Bitcoin and PPCoin code. TEK implemented some improvements to the code that could prove vital to it success. A few changes of note are the micro stake generation fix, allowing all stake to be paid out.

     Current market analysis: Price being driven down upon IPO and 2 months of miners trying to recover costs. This is a time to try and accumulate at prices as low as you can, prediction is once sell off is done the low daily mintage combined with increased market acceptance and adoption will lead to a price gain. A bonus of accumulation is the generation of stake blocks (interest payments). As the TEK network and market grows TEK will become increasingly difficult to mine. This will lead to an increased value of stake generated TEK.


     what to know:

Features:


     TEKcoin is based off of Bitcoin and PPcoin. It uses the Secure energy efficient Proof of Stake/Proof of Work system.

Proof of Stake:

     TEKcoins major difference from Bitcoin is that it uses a proof-of-stake/proof-of-work hybrid system for coin generation. With this system, coins are generated based on proof-of-stake blocks in addition to proof-of-work blocks. This works out to about 40% interest paid on coins in your wallet that have not been moved for 30 days.

     Increased Security:

     Proof-of-stake block generation could reduce the risk of 51% attacks for at least two reasons. First, the cost of acquiring 51% of all stake could in theory be much higher than the cost of acquiring 51% of all mining power, thus raising the cost of attack. Second, in a 51% stake attack the attacker's investment would be directly at risk of losing value. TEKcoin also enforces transaction fees at protocol level to defend against block bloating attacks.
Energy Efficiency

     Proof-of-stake blocks require minimal energy consumption. Thus, with TEKcoin is a very energy efficient coin. The stake rate is increased from PPC code and should also mean increase in energy effiency. The diffulculty algorithm adjustment in TEKcoin will climb faster than it will come down. The effect being as miners jump on to profit the diffuculty rockets up causing a miner drop off. Tekcoin will be in this drop off phase more often than in the mining profitability phase especially being a sha-256 coin its very unlikely to surpass btc mining for long periods of time. This however will help increase the energy efficiency even more as the network will tend to rely heavier on stake blocks to move it.
TEKCoin thread: https://bitcointalk.org/index.php?topic=320404.0


windows wallet: https://drive.google.com/file/d/0B0M-bp2HC0eYYWprYXNYNl90aEE/edit?usp=sharing
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pr9me
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November 03, 2013, 10:21:57 PM
 #2

What to know: TEK Rocks! Grin
erk
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November 07, 2013, 02:12:56 AM
 #3

I think http://tek.dsync.net exploded.

Someone threw 100GH/s at it a little while ago, after about 20min the stratum stopped responding.

Any other pools working?

thundertoe
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November 07, 2013, 03:17:49 AM
 #4

I think http://tek.dsync.net exploded.

Someone threw 100GH/s at it a little while ago, after about 20min the stratum stopped responding.

Any other pools working?



https://coinex.pw/mining/pools/TEK
thundertoe
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November 27, 2013, 04:01:53 AM
 #5

http://tek.dsync.net/
http://tek.crypto-expert.com/
https://coinex.pw/mining/pools/TEK

all look good now
-Redacted-
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November 27, 2013, 03:41:44 PM
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SO, I don't get this proof of stake thing.  If I keep coins in my wallet for 30 days, I'll automatically start receiving interest because my wallet will generate proof of stake when it connects to the network?
ryanb
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December 05, 2013, 12:13:36 AM
 #7

when you spend coins from your wallet does it spend the newest coins first?

https://bitcoinfundingteam.com/ref/SatoshiTeam
turn 0.1 BTC to 80BTC week after week!!!
thundertoe
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December 13, 2013, 06:46:00 PM
 #8

TEKcoin on the rise!

Stake is like interest payments paid out to your wallet when you store coins unmoved for 30 days.  If you spend a few it will spend the newest ones first.
Heli42
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December 15, 2013, 02:12:04 PM
 #9

Hey Guys,

we have already opened a new pool for alternative currencys

specialy for TEK COIN here: http://tekcoin.miners-point.com/

www.miners-point.com

dynamic stratum

regards

[MINERS-POINT.COM]
http://dem.miners-point.com/ -- http://joulecoin.miners-point.com/ --fvz:fGjLGXXxNALwhYTmWkZNgZMP99ehofbScu
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