[ANN] MemoryCoin | CPU Coin | Paid Dev Team | Limited Supply [MMC]

[atlocc]

http://www.chainbrowser.com/memorycoin/tx/daf5ab2e19adc87658d5606bf9110443158e32e77f31c60a8663c1b8d233696d/

this is a weird block reward

[1714504983]

1714504983

[1714504983]

1714504983

[tgph4life]

FreeTrade,
Can you elaborate a little more on how to POW works in regards to the difficulty and 'solution' of 1968. I'm working to create a dedicated miner and pool software, and want to make sure I'm implementing it correctly. I've been digging through the source (it is the first time I've looked at a cryptocurrency in depth) and it is still not clear to me.

Thanks!

[barwizi]

Block number 1
Block Reward:733,664.16 MMC
Number of Transactions:1
Difficulty:0.00000000

lol

some people out there are rich, they don't even need to mine.

[Orrechorre]

why wont my wallet sync? when i try to add any node in the consol i just get : Method not found (code -32601)

any help?

[atlocc]

why wont my wallet sync? when i try to add any node in the consol i just get : Method not found (code -32601)

any help?

correct syntax is "addnode x.x.x.x add"

[Snard]

http://www.chainbrowser.com/memorycoin/tx/daf5ab2e19adc87658d5606bf9110443158e32e77f31c60a8663c1b8d233696d/

this is a weird block reward

I think that has to do with the officer voting/grant system? Maybe FreeTrade can shed some light on it.

[FreeTrade]

I have a block explorer up for MemoryCoin. It can be found here:

http://www.chainbrowser.com/memorycoin/

Have a few more cosmetic things to add, but thought it would be useful for now.

If anyone wants to help support this project, I would greatly appreciate it. My MMC address is: MPdmnRRtYWhSp6cPY7LNaSrM429P8vdk56

Thanks! Great work. I've tipped you 200 MMC from MCF funds. The MCF is now defunct, but has funds left over from MemoryCoin 1, so I'll run those funds down by distributing them to people doing useful stuff for the coin.

[FreeTrade]

http://www.chainbrowser.com/memorycoin/tx/daf5ab2e19adc87658d5606bf9110443158e32e77f31c60a8663c1b8d233696d/

this is a weird block reward

I think that has to do with the officer voting/grant system? Maybe FreeTrade can shed some light on it.

Yep, those are the payments to the elected MemoryCoin officers -
https://bitcointalk.org/index.php?topic=369487.msg3975506#msg3975506

[FreeTrade]

FreeTrade,
Can you elaborate a little more on how to POW works in regards to the difficulty and 'solution' of 1968. I'm working to create a dedicated miner and pool software, and want to make sure I'm implementing it correctly. I've been digging through the source (it is the first time I've looked at a cryptocurrency in depth) and it is still not clear to me.

Thanks!

Here's the most straightforward explanation -
https://bitcointalk.org/index.php?topic=355532.msg3945848#msg3945848

Best guide is the code, but if you have specific questions, I'll do my best to answer them - ask on that thread.

[Snard]

Thanks! Great work. I've tipped you 200 MMC from MCF funds. The MCF is now defunct, but has funds left over from MemoryCoin 1, so I'll run those funds down by distributing them to people doing useful stuff for the coin.

Thanks FreeTrade. Appreciate it.

[barwizi]

how much is the transaction fee?

[Sharky444]

Some more info about the linux crash problems.

When the database corruption occurs this also happens in the output:

terminate called after throwing an instance of 'boost::exception_detail::clone_impl<boost::exception_detail::error_info_injector<boost::thread_resource_error> >'
  what():  boost::thread_resource_error: Resource temporarily unavailable

bitcoind has 0% cpu usage.

if you restart it, it goes back to 100%, but you get this:

error: {"code":-1,"message":"CDB() : can't open database file wallet.dat, error
-30973"}

if you replace the wallet with a backup, it starts again, but you get:

Error loading block database.
Do you want to rebuild the block database now?
bitcoind: db/version_set.cc:715: leveldb::VersionSet::~VersionSet(): Assertion `dummy_versions_.next_ == &dummy_versions_' failed.

after which it redownloads the chain and works again.

so it's some data corruption issue.

will send FreeTrade the logfile.

[Tamis]

Got the linux bug too :/

 Error loading block database.
                              Do you want to rebuild the block database now?
                                                                            bitcoind: db/version_set.cc:715: leveldb::VersionSet::~VersionSet(): Assertion `dummy_versions_.next_ == &dummy_versions_' failed.

[delta123]

Linux crash similar +1

[FreeTrade]

Fixing the difficulty adjustment algo won't change the scarcity - it will make the difficulty adjustments more linear instead of hopping around so wildly. There's currently simply too few data points being used for the calculation, which skews the average badly. With more data points to calculate from, the curve will be much smoother and predictable. It won't (shouldn't) change the number of blocks per hour.

Yes, as far as I can see, we're getting the right number of blocks overall - it's just we have high variability on the block times. I think the difficultly adjustment might be making that worse.

What I'm leaning towards is taking an average of three time periods - previous 10 blocks, previous 60 blocks, previous 240 blocks, and limiting the adjustment each block to a maximum of 5% up or down.

Are there any other coins that handle this well? I see Freicoin has an advanced diff adjustment - maybe too complex.

I've had a suggestion that we use the MegaCoin 'Gravity Well' -

https://forum.megacoin.co.nz/index.php?topic=893.msg5742#msg5742

[drizzle2405]

Help a brotha out!  Anyone handing out some coin?

MT62pS7eGGw6jQssrJbwpSBdWvRnzwhfJb

[bidji29]

So :

First there is a 7.3% premine.
Then, 5% more go to the 5 Memorycoin officers.
(1% each. Every officer get 2.8 coin/block, just by being officer)

That's a lot of coins who are not mined by the network/people.

[nitrazepam]

Difficulty soaring.

The analogy of the elliptic orbit is good.
i got another one. its like a tidal wave.
i hope to find some gold when water retreat.


------------------------------------------------------
MSu8NSAdXGHaAiQ7VoQqn1EhYzCvPTiayz

[paulthetafy]

So :

First there is a 7.3% premine.
Then, 6% more go to the 6 Memorycoin officers.
(1% each. Every officer get 2.8 coin/block, just by being officer)

That's a lot of coins who are not mined by the network/people.

Yeah that realisation is the last straw for me.  I've been holding off mining until block reward went up and diff algo was sorted, but this really is pointless now.  Too much coin already out there, too difficult to mine new coin.  When/if it hits an exchange the price will be pretty low I think.

[wakasaki808]

So :

First there is a 7.3% premine.
Then, 6% more go to the 6 Memorycoin officers.
(1% each. Every officer get 2.8 coin/block, just by being officer)

That's a lot of coins who are not mined by the network/people.

No...Unless I misunderstood what you said. There is only 7.3% pre-mine but it goes to owners of either the original MemoryCoin 1.0, or at a 10 PTS to 1 MMC ratio for ProtoShares.

There is a total premine of ~7.3% distributed over a wide range of addresses, comprised of two parts,
~6.2% - MemoryCoin Beta
All balances from the original MemoryCoin as at block 8820 are transferred into the new blockchain at Block 1. MemoryCoin 2.0 has 10 million coins so there is a significant dilution. This dilution does not apply to MCF supporters. You can import your balance by using your old wallet with the new blockchain.

~1.12% - ProtoShares Holders
ProtoShares owners as at Block 32000 will receive a distribution at a rate of 1 MMC for each 10PTS. With around 1 Million PTS issued, there will be 100,000MMC distributed in this way, and PTS owners will cumulatively have a 1% stake in MemoryCoin at launch.  You can import your balance by using your ProtoShares wallet with MemoryCoin. It is recommend that you transfer your balance to a fresh MemoryCoin wallet after import.