[ANNOUNCE] RuCoin - Russian alternate cryptocurrency - exchange is up already!

[MaGNeT]

I found this:

https://www.rucoin.org

https://btc-e.com/exchange/ruc_btc

Anyone with more info?

There is an exchange already... I'll mine them as long as difficulty is low and source is open

I guess there won't be a bounty for the logo:

[MaGNeT]

I "translated"  the info on the rucoin.org site:

What is this crap, RuCoin?

This is not (yet) project p2p-kriptovalyuty almost completely analogous BitCoin
For what it is, this new kriptovalyuta RuCoin?

RuCoin a substitute BitCoin, but the goal is not the case. Purpose - to provide redundancy for the system BitCoin, increase the stability of smeystva kriptovalyut, which will undoubtedly grow and develop.
Why reserve BitCoin?

Peer kriptovalyuty for someone as a "thorn in the side." It is difficult to anticipate all the nasty things that can come up with attackers to cause some harm to the independent system. And this unknown, but potentially possible threat - scary, it calls into question the confidence in the system. It will be safer if the system bude to have some redundancy, for example, a parallel system that performs the same functions, but not on performance of the prototype and other crypto-currency.
How will the reservation?

To take advantage of redundancy should be using any existing exchange or currency exchange office to change a portion of their funds in addition to RuCoin course, which will be alive at the time of exchange. Of course, in the future will change course, and a reverse exchange value of the coins will be acquired either increase or decrease, depending on market movements. You can play on the difference in rates - rates as kriptovalyut is still relatively easy to predict, more or less understand all this is possible without great labor increase your savings. But the thing that you can get from investing in the reserve kriptovalyutu - extra insurance in case of any problems with BitCoin.
What extra buns promises RuCoin?

Since RuCoin starts with a lag of BitCoin more than two years, there is some interesting nuances:
First, it is mining. Many envy those who are at a very early stage of development BitCoin engaged in mining - that is downloaded your computing power generation of coins when the complexity was very low. Now their fairy coins increased in price. Something like that probably awaits the first to believe in a new backup kriptovalyutu and connect to its mining their computing power.
Second, since RuCoin comes in the wake of BitCoin, then knowing the history of BitCoin be highly likely to predict what awaits RuCoin. What imeeno benefits it gives - anyone can come up with your own.
Already there are many new "under-rates" ...

A number of projects that are based on ideas and code BitCoin. Typically, these projects were implemented under the banner of "catch up and overtake Bitcoin", so the upstream developer changed the algorithm of the system according to their ideas about how we can all be improved. RuCoin project is not intended that any develop and improve, and vice versa, is the most conservative position in order to maintain and use all that has been proven in Bitcoin.
Why this name RuCoin?

What's the difference what the name of the crypto-currency? This is a matter of taste. But generally the name RuCoin born spontaneously among Russian-speaking developers who conceived this project to implement. Of course, this has nothing to do with either rubles or rupees, or with geography.

[InstaGx]

There are already buy orders at 0.1 BTC per RUC and the chain hasn't even started yet. The exchange claims to be partners with the chain. Maybe it's the same people. Would be easy to insert fake buy and sell orders to promote the chain. "Oh look, people are buying this stuff like crazy! I should start mining it or buy them with all my BTC!"

[MaGNeT]

Taк гдe жe мы xeт клиeнтa и шaxтep?  

Moя peaльнaя идeнтичнocть xakep 459 нo вoт нa этиx фopyмax я извecтeн кaк BitcoinEXpress


~BCX~

Not sure if there is a client already.
Are you planning on forking the chain?

[sd]

This is foolish. What they want is a Russian language BitCoin client not a whole new chain.

I'm guessing there is a huge premine on this.

[Balthazar]

Chain was started four or five days ago, without premine in genesis block.  

[Balthazar]

Chain was started four or five days ago, without premine in genesis block.  

Where's the client?

I have sources and 64 bit linux build, but non-disclosure agreement with developers doesn't allow me redistribute it without permission... So, just wait.  

There is mining pool for subject:

http://rucoin.itzod.ru/

Reward system is SMPPS.

[grod]

BXE, your Google translated Russian is an abomination.  I had to read that like 10 times before I could guess the intended message.

"The vodka is great, but the meat is terrible."

[Balthazar]

Chain was started four or five days ago, without premine in genesis block.  

Where's the client?

I have sources and 64 bit linux build, but non-disclosure agreement with developers doesn't allow me redistribute it without permission... So, just wait.  

There is mining pool for subject:

http://rucoin.itzod.ru/

Reward system is SMPPS.

Well it certainly isn't muc of "No Pre-mine" if you set it up and mine for a week before allowing the public to see it.

Just another pre-mined alt coin, no biggie.

Hm... What's the problem with pooled mining? Users mining on pool, and found thousands of blocks. Not developers of "just another premined alt coin". Just usual mortal users )

P.S. I'm not a developer of subject, I don't like all forks... For some my own reasons, of course.

P.P.S. Don't use google translate, if you want to be understood. "Translated" text is much difficult to understand by the ordinary russian user, in comparision with the original English text. In fact, these translations are often meaningless. The reason is synthetic nature of russian language, which is very difficult for machine-implementation.

[grod]

Bah.  Can't connect to that port from the US.  Web site is no problem, telnet to 8844 hangs forever.  Looks like it's a pretty exclusive club for now.

EDIT: must have been just DDoS protection, in and mining now.  Not bad, already on block 6000, 300k coins distributed.  Not an early adopter, but nothing like tenebrix or SC.  Gonna chance it, since my GPU miners are idle anyway.

[Balthazar]

Bah.  Can't connect to that port from the US.  Web site is no problem, telnet to 8844 hangs forever.  Looks like it's a pretty exclusive club for now.

Not exclusive, just pushpoold problems. Sometimes it hangs, if Long Poll support enabled...

[MaGNeT]

Bah.  Can't connect to that port from the US.  Web site is no problem, telnet to 8844 hangs forever.  Looks like it's a pretty exclusive club for now.

Not exclusive, just pushpoold problems.

It's 0:30 here, time to go to bed. I set it up with some back-up pools in cgminer, so I don't lose GPU time

We'll see...

edit: donation of 1% is set.

[Balthazar]

2.56 AM... Thinking about new watchdog implementation 

[grod]

Wow, not bad.  Already a bigger hash rate for that chain than some pools in the bitcoin top 10.  I0C reboot, anyone?

[sd]

Chain was started four or five days ago, without premine in genesis block.  

This chain not having a premine is excellent news.

Is there anything unusual about this coin or is it just BitCoin with a different genesis block?

[Balthazar]

Chain was started four or five days ago, without premine in genesis block.  

This chain not having a premine is excellent news.

Is there anything unusual about this coin or is it just BitCoin with a different genesis block?

Just bitcoin with another block chain. There is only one difference - retargeting of difficulty every 1008 block, not 2016.

The project ideology completely opposite to solidcoin and other solidcoin-like clones... I can formulate this as "do not overtake and surpass bitcoin, just use best from it".

[Bobnova]

Exchange is only sort of up, there's no way to deposit coins yet.

[Balthazar]

Exchange is only sort of up, there's no way to deposit coins yet.

Trades are not opened yet... The btc-e exchange admins have some technical problems for now.

[Bobnova]

That's unfortunate.


How often does the earnings page refresh on the pool?  I've been at it for a while now (#20 producer!) and still read as 0.0000000 rewards.

[Balthazar]

Pool requires 120 confirmations for new blocks. You can see amount of confirmations here: http://rucoin.itzod.ru/blocks.php.