[ANN][ALT][Altcoin][scrypt Adaptive N-factor][Random][Fair Launch][No ASIC]

[dolphinss]

Yes, I change the logo with your new picture

Maybe use only the one with 2 coins in the front 1st page? and change the font of the text to the default one?

But not important yet, we need an exchange .

Need more users at first.

I think the fonts and logo are all oversized. Please size them down to make it more propotional and well aligned...

[Kestrel71]

Would help if the link to the wallet actually worked.

[altcoin]

Would help if the link to the wallet actually worked.

The link to the wallet is working now, just update the wallet with new logo.

[olexx]

This is adaptive n factor scrypt altcoin with auto connect and nearly zero premine.

How much coins exactly you have premined in first 128 blocks?

[altcoin]

We are working on the ubuntu release of ALT,

[altcoin]

Build ALTCOIND(ALTCOIN server) and ALTCOIN QT under ubuntu:

Code:

sudo apt-get update
sudo apt-get install git git-core build-essential  libssl-dev libdb5.1-dev libdb5.1++-dev libboost-all-dev libqrencode-dev

if ubuntu 12.04 the boost version is libboost-1.48-all-dev

Code:

sudo apt-get install liboost-1.48

if build QT, also run

Code:

sudo apt-get install qt4-dev-tools qt4-doc qt4-qtconfig qt4-demos qt4-designer

then run:

Code:

git pull https://github.com/altcoinproject/altcoin.git

for ALTCOIND:

Code:

cd altcoin/src
make -f makefile.unix USE_UPNP=-

for ALTCOIN-QT

Code:

cd altcoin
qmake altcoin-qt.pro USE_UPNP=-
make

[pedemaann]

“Beautiful things don't ask for attention" ALTCOIN

Good time to mine.

[altcoin]

We are working on the official website of altcoin http://altcoin.ws

[unclejones]

Oh dear. 

[altcoin]

Official website of ALTCOIN has been released at:
http://altcoin.ws

[luckygenough56]

And it's ugly as hell 

[olexx]

This is adaptive n factor scrypt altcoin with auto connect and nearly zero premine.

How much coins exactly you have premined in first 128 blocks?

altcoin, is my question too complex? I think everybody wants to know it.

[dolphinss]

[ANN][ALT][ALTCOIN][Adaptive N-factor][Scrypt][Random Rewards][Auto Connect][No ASICs] [ENJOY IT]



FINALLY, ALTCOIN come out!!! (Prior suggestion thread: https://bitcointalk.org/index.php?topic=392853.0)
We create a new cryptocoin with integration of many features from other cryptocoins, we name this new coin as "ALTCOIN" which means it combines many good features from other alt coins.

Official Website:
[Suspicious link removed]

What is ALTCOIN?

ALTCOIN is a cryptographic currency, similar to Bitcoin and Litecoin, with one major difference.  As the forerunner of the digital currency movement, the original Bitcoin developers were unable to perceive all potential threats that would arise to challenge it's mission as a decentralized currency.  

Millions of dollars were spent by various companies to build application specific integrated circuit (ASIC)  computers in an attempt to monopolize mining.  These devices made it so GPUs and CPUs were no longer useful in the mining process.  As a result, the vast majority of Bitcoin mining and transactions would now be processed by large data centers that required hundreds of thousands, or millions of dollars in investment.

Now that Bitcoin computational power is handled almost entirely by large data centers, the currency has rapidly changed from a distributed, decentralized currency, to one that is much more centralized and vulnerable.  Companies such as Cex.io are routinely hitting 40% PoW computational power on a daily basis, and will soon be able to perform 51% attacks at will, if they so choose.

Due to the problems ASIC chips brought on the digital currency platform, a new currency, Litecoin was created.  Litecoin attempted to utilize the Scrypt hashing algorithm, which is more memory intensive than SHA256, to deter ASIC use.  As of January 2014, there are now Scrypt ASIC chips being deployed by the Chinese for mining.  So far, around 1000 Mhash of Gridseed ASIC chips have been brought online and used on the litecoin and middlecoin.com network.

The Chinese chips have not been released on the greater market at large, but eventually they will, and the same problems that SHA256 currency faces will come to the Litecoin and other Scrypt currency networks next.

ALTCOIN also add random block reward mechanism.

Where does ALTCOIN fit into this?

Scrypt was utilized by Litecoin to try and deter ASIC use because large memory requirements are the best way to try and make ASIC financially unfeasible.  Litecoin held out for a while, but the original memory requirements in the barebone litecoin distribution were just not high enough to lock out ASIC completely.  

ALTCOIN has now been released as the logical evolution of Litecoin and introduces what's known as "Adaptive N-Factor".  The N-factor component of Scrypt determines how much memory is required to compute the hashing functions.  ALTCOIN N-factor increases with time to stay one step ahead of any possible ASIC development.

For the long, foreseeable future, GPU computing will be the fastest method of computation for ALTCOIN, but CPU computation will eventually make gains as N-factor increases.


Due to the large demand for having a more ASIC proof currency ( https://bitcointalk.org/index.php?topic=359323.0 ), ALTCOIN was created using Litecoin as a base, and has an adaptive N-factor applied based on the timestamp of blocks generated.  Instead of using a fixed value of 10, such as Litecoin does, the ALTCOIN N-factor begins at 11 and gradually increases over time using the following schedule:

| N        | Memory | Timestamp   | Date/Time                     |   |
|----------|--------|-------------|-------------------------------|---|
| 2048     | 256 kB | 1389306217  | Thu, 09 Jan 2014 22:23:37 GMT |   |
| 4096     | 512 kB | 1456415081  | Thu, 25 Feb 2016 15:44:41 GMT |   |
| 8192     | 1 MB   | 1506746729  | Sat, 30 Sep 2017 04:45:29 GMT |   |
| 16384    | 2 MB   | 1557078377  | Sun, 05 May 2019 17:46:17 GMT |   |
| 32768    | 4 MB   | 1657741673  | Wed, 13 Jul 2022 19:47:53 GMT |   |
| 65536    | 8 MB   | 1859068265  | Tue, 28 Nov 2028 23:51:05 GMT |   |
| 131072   | 16 MB  | 2060394857  | Tue, 17 Apr 2035 03:54:17 GMT |   |
| 262144   | 32 MB  | 2463048041  | Sun, 19 Jan 2048 12:00:41 GMT |   |
| 524288   | 64 MB  | 2999918953  | Fri, 23 Jan 2065 06:49:13 GMT |   |
| 1048576  | 128 MB | 3536789865  | Wed, 28 Jan 2082 01:37:45 GMT |   |
| 2097152  | 256 MB | 5684273513  | Mon, 16 Feb 2150 04:51:53 GMT |   |
| 4194304  | 512 MB | 7831757161  | Sat, 07 Mar 2218 08:06:01 GMT |   |
| 8388608  | 1 GB   | 9979240809  | Thu, 25 Mar 2286 11:20:09 GMT |   |
| 16777216 | 2 GB   | 16421691753 | Fri, 19 May 2490 21:02:33 GMT |   |
| 33554432 | 4 GB   | 22864142697 | Sun, 15 Jul 2694 06:44:57 GMT |   |


Technical Details:
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Symbol :  ALT
Max Coins: 4294967296 (2^36) altcoins.
Block time: 1 minutes
Subsidy halves every 131,072 ( 2^17) blocks (~3 moths)
Difficulty Re-Target Time:  18 minutes
Block Rewards: Random block rewards as shown in the following table:
block number

| Block No.                              | Reward       |   |
|----------                              |--------------|---|
| 1          to 131072                   | rand[1,256]  |   |    (2^8)
| 131073  to 262144                      | rand[1,128]  |   |    (2^7)
| 262145  to 524288                      | rand[1,64]   |   |    (2^6)
| 524289  to 1048576                     | rand[1,32]   |   |    (2^5)
| 1048577 to 2097152                     | rand[1,16]   |   |    (2^4)
| .................                      | .......      |   |

random up range halves every 131072 blocks (about 3 months)
minimum block reward is 1 ALT

Auto connect to ALTCOIN network without config.

Port: P2P 32767, RPC 32768

Premine: First 128 (2^7) blocks for checkpoints


Explorer:
Need Volunteers.

How to Mine:

1)  GPU mine using CGminer modified for ALTCOIN support (currently fastest method):
   1.  Windows Version http://sdrv.ms/1ejj5Av , use the command: ALTMiner --scrypt -o http://127.0.0.1:32768 -u user -p pass -I 12 or you can use mine.bat in the zip file directly.
2)  CPU mine with wallet (currently slowest method):  
   1. Open ALTCOIN Wallet
   2. Choose Help
   3. Select Debug window
   4. Select Console
   5. Type “setgenerate true <number of thread(s)>”
   6. Type  "getmininginfo" to see hashrate

Pools:
1. Working pool, http://alt.coinpoolr.us/ 1% fees, thanks to windex (https://bitcointalk.org/index.php?action=profile;u=227074)
2. Working pool, http://alt.178pool.com 1% fees, thanks to dear zhaolang (https://bitcointalk.org/index.php?action=profile;u=229722)


Download:

   1. Wallet:
       Windows: http://sdrv.ms/1fY165i (with new logo)
       Unix build guide: https://bitcointalk.org/index.php?topic=459028.msg5094584#msg5094584

   2. Source Code: https://github.com/altcoinproject/altcoin

   3. GPU Miner: http://sdrv.ms/1ejj5Av
   4. GPU Miner Source code: https://github.com/altcoinproject/altcoin/tree/master/altcoin_gpu_miner


Trading and Exchange:

Not Yet.




All suggestion are welcome, you can contact with me using altcoinproject@outlook.com
Wish ALTCOIN will have a glorious future!

[spiffcow]

Just a suggestion: admit you based on Vertcoin.  You're not going to fool anyone into thinking this is the first adaptive N-factor scrypt coin.  What you can say, however, is that it's the first Vert clone.

[BTCspoon]

@Altcoin put a bounty and let another make the website. Your coin have a lot of potential, but you risk a takeover if you don't do things properly  

[skyyyy]

zhaolang同学，你的池没还发工资，请问什么时候发工资？
我还有好多share在里面http://alt.178pool.com

[BTCspoon]

**First Page Fixed**

[dolphinss]

Ok. Now that the cosmetics is out of the way. Can someone put up an Android wallet?

looks like nethash and diff has gone up...

[bendera]

Id like to buy some AltCoin for USD (or another coin like DOGE). Post an offer (or PM).

[steeleminer]

These look great - may I suggest "Random Rewards" instead of "Random Coins" ?

Ahhh what the hell i added them for the sake of it!

@Altcoin Refresh the page 8 you have some new version (with rewards instead of coins, if you prefer)

BTCSpoon -  have you posted your ALT address for bounty/rewards?