[ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo)

[jpmi1]

Created an information sheet
https://bitcointalk.org/index.php?topic=345190.msg3699194#msg3699194

Anything I should add?

Yes, add specs of DTC - how much coins, when subsidy halving, etc

Do you have the specs?

[1713531174]

1713531174

[1713531174]

1713531174

[1713531174]

1713531174

[oocook5u]

Created an information sheet
https://bitcointalk.org/index.php?topic=345190.msg3699194#msg3699194

Anything I should add?

Yes, add specs of DTC - how much coins, when subsidy halving, etc

Do you have the specs?

Here is a short spec:

2.000.000.000 coins will be emitted.

Block reward gradually goes down as difficulty rises (no halving) as in Primecoin. But finally it is a bit different from Primecoin: tx fee is high (0.05 DTC per 1Kb) => fully loaded block (1024Kb) gives ~50DTC in plus to block reward. This is expected in future.

Block target is 1 minute.

Max block size is 1Mb.
Max tx size is 128Kb.

[oocook5u]

I am confused about the fees for storing files. What is to stop someone from modifying the code to just insert files for free? From what I understand there is nothing in the algorithm that would actually prevent that.

Thank you for the question. Nothing stops us from modifying mintxfee as soon as txfee isn't a hard rule: block will be accepted with zero tx fee.

There is two kinds of mintxfee:

1) minimal tx fee that limits me (as a miner) to accept tx into block
2) minimal tx fee that limits me (as a node) to relay tx to other nodes

As a miner I can accept lowfee txes into my memory pool but these txes will be accepted by other nodes only with blocks I've mined myself. This means that lowfee txes will reach other nodes much slower.

[maxsolnc]

I am confused about the fees for storing files. What is to stop someone from modifying the code to just insert files for free? From what I understand there is nothing in the algorithm that would actually prevent that.

Thank you for the question. Nothing stops us from modifying mintxfee as soon as txfee isn't a hard rule: block will be accepted with zero tx fee.

There is two kinds of mintxfee:

1) minimal tx fee that limits me (as a miner) to accept tx into block
2) minimal tx fee that limits me (as a node) to relay tx to other nodes

As a miner I can accept lowfee txes into my memory pool but these txes will be accepted by other nodes only with blocks I've mined myself. This means that lowfee txes will reach other nodes much slower.

...and no confidence that it will reach other nodes at all, correct?

[oocook5u]

I am confused about the fees for storing files. What is to stop someone from modifying the code to just insert files for free? From what I understand there is nothing in the algorithm that would actually prevent that.

Thank you for the question. Nothing stops us from modifying mintxfee as soon as txfee isn't a hard rule: block will be accepted with zero tx fee.

There is two kinds of mintxfee:

1) minimal tx fee that limits me (as a miner) to accept tx into block
2) minimal tx fee that limits me (as a node) to relay tx to other nodes

As a miner I can accept lowfee txes into my memory pool but these txes will be accepted by other nodes only with blocks I've mined myself. This means that lowfee txes will reach other nodes much slower.

...and no confidence that it will reach other nodes at all, correct?

Yes.

[ssshhh123]

Buy DTC 1Dtc = 0.00009BTC

[jpmi1]

Buy DTC 1Dtc = 0.00009BTC

Exchange
https://bitcointalk.org/index.php?topic=343297.0

[truckythin]

any miner for DTC guys?

[jpmi1]

any miner for DTC guys?

Currently just use the client miner.

[truckythin]

any miner for DTC guys?

Currently just use the client miner.

what is client miner, do ya means the qt?

[simbo]

any miner for DTC guys?

Currently just use the client miner.

what is client miner, do ya means the qt?

datacoin-qt or datacoind.

Remember to setup datacoin.conf

[truckythin]

i'm running on qt version, but seem current diff is too high for solo mining.

[simbo]

i'm running on qt version, but seem current diff is too high for solo mining.

We are working hard to get pool mining up. Currently talking to some pool operators & exploring possibility of developing pool s/w for datacoin.

Regards.

[maxsolnc]

i'm running on qt version, but seem current diff is too high for solo mining.

We are working hard to get pool mining up. Currently talking to some pool operators & exploring possibility of developing pool s/w for datacoin.

Regards.

hopefully ypool will add datacoin soon - I'll talk to them today. Also I requested support from beeeer, but still no answers from their members (they're offline all the time). Can anyone provide me any other their contacts instead of forum PMs?

[truckythin]

yvg at ypool is working on the miner, he has a beta version and let some peoples at ypool testing on it.

I think it will be public soon

[maxsolnc]

yvg at ypool is working on the miner, he has a beta version and let some peoples at ypool testing on it.

I think it will be public soon

Yes, and our team is also working at pool software, so hopefully we'll update the community with good news soon

[maxsolnc]

Diff 8.875 - hurry to mine several blocks until diff becomes 9+ ! 

[sugarkey]

china have an exchange now:https://www.btc-8.com/?DTC_CNY

[maxsolnc]

china have an exchange now:https://www.btc-8.com/?DTC_CNY

Cool! Hopefully DTC will be added to some other exchanges. But I suggest low volumes just for now even in that case

[mstfck]

Nice to see that DTC is added to an exchange. We will keep growing, hopefully.