Charnacoin
Overview
Charnacoin provides enhanced privacy and boosts efficiency. It is being developed for use as a payment method by:
- A 300-acre 50-Megawatt solar farm in Maryland
- A 4-Megawatt solar farm in Davao City, Philippines
- Transmate; an app used to assist in building a market for private bus operators and passengers (Press release here)
Stay up to date on other developments
here. The difficulty and price are still low, so there is still time for both miners and investors to get in early.
Note: I have no affiliation with CharnaCoin. I am a marketer looking to spread awareness. I have no additional knowledge or information about this coin, beyond what is publicly available. Cryptocurrencies are speculative assets that often rapidly lose value, and are unsuitable for general investment purposes.Specifications
- Algorithm Type: Proof of Work (Cryptonote / Monero)
- Mining Type: CPU + GPU mining
- Encryption: AES and SHA-3 candidates
- Supply: Infinite Supply; once the block reward reaches 0.3 coins per minute, the supply will increase by 157,680 coins per year
- Block Reward: Follows the equation: (M - A) * 2-19 * 10-8, where M = 21,599,999,892, and A = Atomic units in circulation
- Block Time: 60 seconds
- Difficulty: Retargeted at every block
- Pre-mine: None
Payments
Charnacoin has stealth addresses which eliminates the requirement for merchant recipient addresses; when receiving payments a merchant will instead provide the person paying with a 16-64 character long hexadecimal "payment ID".
Receiving PaymentsTo receive a payment the user generates a random 64 character hexadecimal string and communicates it to the individual making the payment.
Checking for PamentsThose checking for a payment can do so through the Charnacoin wallet client. The “payments” command followed by the payment ID(s) will return a list of payments.
Other JSON RPC API calls:
get_bulk_payments: this is the preferred method, and requires two parameters, payment_ids, a JSON array of payment IDs, and an optional min_block_height, the block height to scan from
get_payments: this requires a payment_id parameter with a single payment ID.
The amounts returned are in Charnacoin unit. A transaction may have multiple outputs that add up to the total required for the payment. Amounts should be summed across the tx_hash or the payment_id. Before scanning for payments it is useful to check against the daemon RPC API (the get_info RPC call) to see if additional blocks have been received.
Running the Node
Once you have the tools downloaded and unpacked you don't need to do anything beyond running the Charnacoin daemon (charnacoind).
On LinuxDependent on whether you are running it on a desktop or server operating system, you will want to start charnacoind either in a screen session or in a console window of its own. Therefore run charnacoin-wallet-cli to use start_mining or stop_mining options to manage your mining process.
On OS XLocate charnacoind in Finder and double-click on it. As with Windows, if it opens and then closes, or crashes after starting, then you can start it from within Terminal. Follow the same process to run charnacoin-wallet-cli to use start_mining or stop_mining options to manage your mining process.
On WindowsLocate charnacoind.exe in Windows Explorer and double-click on it. If it opens and then closes, or crashes after starting, then you may want to start it from within Command Prompt in order to see what errors arise. Also locate and run charnacoin-wallet-cli.exe to use start_mining or stop_mining options to manage your mining process.
Further Reading
Website:
https://charnacoin.com/White Paper:
https://charnacoin.com/CharnaCoin.pdfMain Announcement thread from August:
https://bitcointalk.org/index.php?topic=2097782.0(There was a separate announcement thread before this one that had to be deleted, here:
https://bitcointalk.org/index.php?topic=2008334.0)
Bounties Thread:
https://bitcointalk.org/index.php?topic=2251907.newMining Pools
https://charnacoin.com:435/ http://www.chrcpool.com/http://chrc.blockbit.ch//http://charnacoinchina.com/Exchange
South X Change:
https://www.southxchange.com/Market/Book/CHRC/BTC
