⚒[CGA] Cryptographic Anomaly - The Elusive Coin⚒

[s4w3d0ff]

Cryptographic Anomaly [CGA]
"The elusive coin."


New Thread!

[s4w3d0ff]

Code is almost finished!   Generated first test anomaly yesterday. Don't have a release date yet so I'll keep you all posted!

If your curious how the math will play out here is some ruff examples:

So the formula is nHeight % diff.
And the remainder needs to fall between 1 and 0.1 or equal exactly 0:

[coinerer]

For difficulty>1 condition is met with probability ~  1/difficulty * probability of usual result.

The effect destimulates using bigger hashing power much more than usual. But bigger hashing power is still in the advantage of smaller hashing power - proportions stay the same as now.

You offered much more chaos in mining

[Nullu]

LOVE IT.

Cannot wait.

Could a higher number of anomalies cause distortions? (bonuses?)

[bitember]

I like the idea.

[eatcow]

This looks like the first truely rare coin. All these fake rare coins like 42 coin and Ron Paul Coin are just smaller denominations but the same payout schedule.

I will definitely be watching this.

[Nullu]

I want a coin that is fine to mine and is complex and unpredictable in wonderfully interesting ways. I'd love it if your total amount of coins even became unstable and slightly changed from time to time, like some sort of positive/negative minting.

Just do something unique and stop thinking about how much it will be worth, and as long as it's fun and interesting the rest will come.

[Ardolafat]

great idea, waiting for the wallet

[s4w3d0ff]

The effect destimulates using bigger hashing power much more than usual. But bigger hashing power is still in the advantage of smaller hashing power - proportions stay the same as now.

 True higher hash rate would raise your probability of generating an anomaly but would you really want to dump 1Ghashs into a coin that you may never see?  

Could a higher number of anomalies cause distortions? (bonuses?)

The bonus is the normal block reward! We are thinking about making bonus rewards. What if there is no remainder (remainder = 0) then block reward = 100 (or whatever).  

This looks like the first truely rare coin. All these fake rare coins like 42 coin and Ron Paul Coin are just smaller denominations but the same payout schedule.

That was the idea! When we saw 42coin come out we didn't like how it was labeled as a "rare coin". The only thing rare about it is trying to get 1 full 42coin, but anyone can get fractions of the coin no problem.

I want a coin that is fine to mine and is complex and unpredictable in wonderfully interesting ways. I'd love it if your total amount of coins even became unstable and slightly changed from time to time, like some sort of positive/negative minting.

Just do something unique and stop thinking about how much it will be worth, and as long as it's fun and interesting the rest will come.

That is what we are striving for. Go outside the box, make it fun and interesting, and most of all unpredictable. To be honest we can't even begin to fathom what the coin would be worth, we look at it as more of a novelty item. (Priceless)

[coinerer]

I wonder if it is possible to include particular computer hashing rate (not total network hashing rate only) into the calculations of rewards?

If that is possible, that would make real chaos in mining

[luckygenough56]

geniously fun !!!  

[s4w3d0ff]

I wonder if it is possible to include particular computer hashing rate (not total network hashing rate only) into the calculations of rewards?

If that is possible, that would make real chaos in mining

To be honest I have no idea how to implement this in the code.    Would be interesting tho...

[tertius993]

Very interesting but I think (unless I have misunderstood) it does, albeit indirectly, reward those with more hashing power available - in effect you need to be able to assign some fraction of your hash rate to this - if you only have one GPU (the "average" miner) then you will never assign 100% of your mining resource to this, but if you have 3,4, 5 ... 10 then sure you might.

Similarly a profit switching pool could assign, say, 2% permanently, just in case.

[AtlasONo]

cool

[LammerOutsider]

great idea. see ... THESE are the new inovative  coins fun and great.

[s4w3d0ff]

Very interesting but I think (unless I have misunderstood) it does, albeit indirectly, reward those with more hashing power available - in effect you need to be able to assign some fraction of your hash rate to this - if you only have one GPU (the "average" miner) then you will never assign 100% of your mining resource to this, but if you have 3,4, 5 ... 10 then sure you might.

Similarly a profit switching pool could assign, say, 2% permanently, just in case.

True, this is the one flaw in the coin.

But lets say there are 2 pools that are "holding back" hashing power until the the right moment. As soon as one pool adds more hashing power it would throw off the others calculations thus changing the probability of generating an anomaly. Everyone would be jumping in and out trying to raise there probability which would make predicting the difficulty near impossible. So I think we are fine for now. As far as solo mining goes, yes the person with the highest hash rate will (potentially) generate more anomalies. But like you said, if you were to somehow "throttle" your hash rate to manipulate the difficulty you could generate a lot more anomalies.

[tertius993]

Very interesting but I think (unless I have misunderstood) it does, albeit indirectly, reward those with more hashing power available - in effect you need to be able to assign some fraction of your hash rate to this - if you only have one GPU (the "average" miner) then you will never assign 100% of your mining resource to this, but if you have 3,4, 5 ... 10 then sure you might.

Similarly a profit switching pool could assign, say, 2% permanently, just in case.

True, this is the one flaw in the coin.

But lets say there are 2 pools that are "holding back" hashing power until the the right moment. As soon as one pool adds more hashing power it would throw off the others calculations thus changing the probability of generating an anomaly. Everyone would be jumping in and out trying to raise there probability which would make predicting the difficulty near impossible. So I think we are fine for now. As far as solo mining goes, yes the person with the highest hash rate will (potentially) generate more anomalies. But like you said, if you were to somehow "throttle" your hash rate to manipulate the difficulty you could generate a lot more anomalies.

My laptop will do nearly 7 kH/s maybe that is the tool for the job ...

[Nullu]

Very interesting but I think (unless I have misunderstood) it does, albeit indirectly, reward those with more hashing power available - in effect you need to be able to assign some fraction of your hash rate to this - if you only have one GPU (the "average" miner) then you will never assign 100% of your mining resource to this, but if you have 3,4, 5 ... 10 then sure you might.

Similarly a profit switching pool could assign, say, 2% permanently, just in case.

True, this is the one flaw in the coin.

But lets say there are 2 pools that are "holding back" hashing power until the the right moment. As soon as one pool adds more hashing power it would throw off the others calculations thus changing the probability of generating an anomaly. Everyone would be jumping in and out trying to raise there probability which would make predicting the difficulty near impossible. So I think we are fine for now. As far as solo mining goes, yes the person with the highest hash rate will (potentially) generate more anomalies. But like you said, if you were to somehow "throttle" your hash rate to manipulate the difficulty you could generate a lot more anomalies.

My laptop will do nearly 7 kH/s maybe that is the tool for the job ...

I'm thinking of getting my Casio calulator in on the action. microHashing away. 

[freet0pian]

Thought first that this would be another crap coin, but this actually interesting.

[GigaCoin]

Another bored mathematician