This thread is to test the interest for a revival of the FederalReserveCoin cryptocurrency initially released on Dec. 30th 2013.
Are any original miners or holders still out there? Is there any interest in this coin revival?
Here is an xpost of the original announcement.
Two days before Christmas in 1913, Woodrow Wilson signed the Federal Reserve Act. The law sought to end bank failures by creating a central banking system. But a century later, the Federal Reserve has become an enabler of the financial havoc it was designed to prevent. A look at the Fed's history offers some insight into the problems.
Federal Reserve system coin (FRSC) was born in the Federal Reserve 100th birthday.This's a virtual currency experiment at the Financial system function, the world of a not without inflation and devaluation, let us feel the true meaning of the Federal Reserve system.
December 18, 2013, the Fed announced its withdrawal of quantitative easing (QE), its withdrawal from January 2014, the monthly scale bond purchases will be reduced from 10 billion to 75 billion U.S. Five years ago, the Fed opened a lot of people have been likened to "printing machine" QE monetary policy.
FRSC use scrypt algorithm,produce one blocks per minute, each block of the first year of a 20% reduction coins every 30 days,In the second year unchanged,third year decreased by 50% per year,the total mining time is infinite.
OFFICIAL WEBSITE:
http://federalreservecoin.org/DOWNLOAD WALLET:
http://federalreservecoin.org/FederalReserveSystem-qt_1.0.0.0_Win32.rarOPEN SOURCE DOWNLOAD LINK:
http://federalreservecoin.org/federalreserveCoin-master-SourceCode.rarDOWNLOAD MINING SOFTWARE:
http://federalreservecoin.org/cgminer-3.1.1-windows.rarMINE POOL:
CUTIVE SUMMARY ON USAGE:
After saving configuration from the menu, you do not need to give cgminer any arguments and it will load your configuration.
Any configuration file may also contain a single "include" : "filename" to recursively include another configuration file.
Writing the configuration will save all settings from all files in the output.
Single pool:
cgminer -o
http://1.federalreservecoin.org:8989 -u username -p password
Multiple pools:
cgminer -o
http://1.federalreservecoin.org:8989 -u pool1username -p pool1password -o
http://2.federalreservecoin.org:8989 -u pool2usernmae -p pool2password
Single pool with a standard http proxy, regular desktop:
cgminer -o "http:proxy:port|http://1.federalreservecoin.org:8989" -u username -p password
Single pool with a socks5 proxy, regular desktop:
cgminer -o "socks5:proxy:port|http://1.federalreservecoin.org:8989" -u username -p password
Single pool with stratum protocol support:
cgminer -o stratum+tcp://1.federalreservecoin.org:8989 -u username -p password
The list of proxy types are:
http: standard http 1.1 proxy
http0: http 1.0 proxy
socks4: socks4 proxy
socks5: socks5 proxy
socks4a: socks4a proxy
socks5h: socks5 proxy using a hostname
