New Ixcoin fork -> I0coin

[Fakeman]

Not sure if this was mentioned before in this thread but how about a maximum round length of say 2-3 weeks to prevent the "namecoin effect" where high difficulty rounds drag on for months because nobody wants to mine.

[1714056705]

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[1714056705]

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[1714056705]

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[dayfall]

With the amount of people likely to jump on it will be more like 5 seconds a block.

I meant that the difficulty recalculation should be half or less what is in the standard client.  If 50 coins per block is too little, then 10 minutes per block is too long.

I don't care how many coins are each block.  I just want to see how faster mining works out.

[doublec]

I don't care how many coins are each block.  I just want to see how faster mining works out.

Faster mining usually means more orphans for miners.

[kr105]

Are you planning to post an official announcement on this forum with links and info?

Yes, also i'll setup a basic site to download the client (i'm not going to clone the bitcoin.org site) on www.i0coin.org

Do you want an exchange?

Of course, that would be awesome, thanks men!

Not sure if this was mentioned before in this thread but how about a maximum round length of say 2-3 weeks to prevent the "namecoin effect" where high difficulty rounds drag on for months because nobody wants to mine.

Yes, it will be auto adjusted if two weeks has elapsed from the last difficulty adjustment.

Edit:
Also, i'm going to adjust the value that cut the reward in half every 210000 blocks to 109375 blocks, so we'll avoid the "40M bug" I'll post a graph to explain this soon.

[smoothie]

What does the counter counting down on i0coin.org exactly for if you are posting the software and documentation at 1500 GMT?

21 hours from now would be after 1500 GMT.

Am I correct in my assumption that you are releasing the software prior to the launch of the network for mining etc?

The reason i ask is because 1500 GMT is not 21 hours from now but more like 11 hours.

[doublec]

What does the counter counting down on i0coin.org exactly for if you are posting the software and documentation at 1500 GMT?

It says "Now!" for me. I live in the future it seems!

[smoothie]

What does the counter counting down on i0coin.org exactly for if you are posting the software and documentation at 1500 GMT?

It says "Now!" for me. I live in the future it seems!

I'm confused. What does "Now!" mean and in what context. Currently it isnt 1500 GMT like was stated for release I0coin.

Edit: I forgot that DoubleC is in NZ. My bad.

[doublec]

Done, i modified the code to auto retarget (change difficulty) if two weeks OR 2016 blocks has passed.

Will this potentially cause problems due to time differences in nodes? If at the two week time period two blocks are found close together, and one node says it as being less than two weeks, but the other sees it as being more, then they will have a different difficulty calculation. Could result in a chain split?

[joulesbeef]

LET ME IN



I am ready to mine

[Oldminer]

[coblee]

When you release the client, please include a linux binary also.

[Starlightbreaker]

huh.

i suspect you can just change date & time in bios & windows to access it.




or not.

[joulesbeef]

MINE ALL THE COINS!!

[payb.tc]

don't know if this is serious or not but photoshop is fun, so here's a freebie:





vector-based PSD available at http://payb.tc/iocoin_logo.zip

and incase it's not obvious, it's supposed to be an 'eye' with an 0 in it.

[Starlightbreaker]

so managed to kinda trick the website.




nothing's there.
/disappoint

[wallet.dat]

Expect all the "Ixcoin is a scam" people to flood the I0coin threads with the same tired rhetoric

[payb.tc]

anyone want to make a pre-emptive trade?

i'm not a miner, but would like to purchase 20,000 i0coins for 2 btc (rate 0.0001).

we agree on the deal now, with physical delivery no later than launch+72 hours (should be plenty of time).

edit: if the above price is unattractive, please post how much you'd charge for 20,000 i0coins... even though they don't exist yet

[joulesbeef]

Expect all the "Ixcoin is a scam" people to flood the I0coin threads with the same tired rhetoric

Hey that's me! 

That is why I support IOcoin.

Personally I dont think either will survive that inflation rate, but IOcoin answers many of my misgivings over IXcoin, which I AM mining.

[Xephan]

Expect all the "Ixcoin is a scam" people to flood the I0coin threads with the same tired rhetoric

IOCoin is at least making an effort to address some of the issues Bitcoin faces so some of those objections about IXCoin won't be raised.

[BitcoinBug]

What about this logo:



Vector image available.