Gaelcoin - Ireland's First Crypto Currency - Official Thread

[theh1982]

 

Gaelcoin Ireland's first Cryptocurrency

Gaelcoin website &  Social Media Links
Website:www.gaelcoin.org
Reddit: http://www.reddit.com/r/Gaelcoin/
Facebook: http://www.facebook.com/Gaelcoin
Twitter: https://twitter.com/Gaelcoin


Gaelcoin Wallet Software:

Windows Wallet Installer: ( Most users want this )
http://bit.ly/1kl7CYj

Mac Wallet Installer:
http://bit.ly/Py9ssR

Windows Wallet Stand Alone:
http://bit.ly/Q42Nrj

Source:
https://github.com/GaelCoin/GaelCoin

About Gaelcoin

When was Gaelcoin created ?
Gaelcoin development started in early 2014 to provide an alternative electronic currency for Ireland.

How is Gaelcoin different to, for example, Spaincoin or Greececoin?
First of all, we only pre-mined 1% of the Gaelcoins leaving the remaining 99% of Gaelcoins available to be mined. This gives the ownership of the Gaelcoin currency to the early adopters and the miners and not the developers. Many other currencies pre-mine 50% of the total avaiable coins which creates an enourmous risk as the the majority of the currency will remain in the hands of a few developers. Secondly, Gaelcoin is not an easy coin to mine. Compared to 99% of all the other cryptocurrencies that have been launched, Gaelcoin has a much higher mining difficulty. This is to create a more stable Crypto-currency as many “pump & dump” miners looking to make a quick buck would stay away from mining the coin.

What is pre-mining?
Pre-mining is a process of awarding the initial miners a bonus, which can then be used for further development of the currency. Gaelcoin is 1% pre-mined, which is a very small percentage compared to many of the other alternative currencies out there

The first 100.000? There are a lot more people living in Ireland...
Correct, many of the other crytocurrencies go for the 50% pre-mine approach with the promise that they will give an amount of their currency free to each citizen of the country they are mining for. However, we strongly believe that this approach will create a highly unstable currency as the majority of the currency will always stay in the hands of a select few people. It is impossible and impractical to give each and every citizen their share of the 50% pre-mined coins leaving a large number of coins unclaimed. This large amount can then be used to heavily influence the market price of the currency by the currency developers leading to market crashes or artificial inflation.

Resident of Ireland? Then please register here to receive the free 50GAC
As you know we are giving away 50 GAC to each Irish citizen so in order to receive your 50GAC please fill in the following form for early adopters:

http://www.gaelcoin.org/form.html



Gaelcoin in the news:

Interview with Gaelcoin founder on igaming.org 23/04 /2014 http://igaming.org/cryptocurrencies/news/interview-with-gaelcoin-creator-antonie-geerts/
Gaelcoin Article in the Sunday Business Post 20/04/2014 - https://i.imgur.com/sNk0mCn.jpg
Podcast interview with Gaelcoin founder for Technology Article - http://technology.ie/gaelcoin-interview-cryptocurrency-ireland-audio/
Mp3 file podcast: http://www.podtrac.com/pts/redirect.mp3/technology.ie/audio/technology.ie-2014-04-02.mp3
Gaelcoin in Video review of Crypto currencys by Revision3 - http://revision3.com/whatsthebigdeal/auroracoin/
Gaelcoin mentioned on Coindesk.com - http://www.coindesk.com/coindesk-guide-worlds-national-altcoins/
Gaelcoin mentioned on RT.com article - http://rt.com/news/auroracoins-iceland-national-cryptocurrency-257/
Gaelcoin mentioned in TheGuardian.com news site - http://www.theguardian.com/technology/2014/mar/25/bitcoin-goes-national-with-scotcoin-auroracoin


Technical Specifications:

PoW Algorithm: Scrypt
Retarget Time:  48 min
Block Time: 2 Min
Initial Block Reward: 50
Max Supply: 640 Million
Pre-Mine : 1% or 6.500.000 GAC , 5.000.000 will go towards the Early Adopters based in Ireland.

Block Explorer:

Gaelcoin Abe block explore http://block.gaelcoin.org/chain/Gaelcoin
Webcoin.us Block Explorer http://webcoin.us/gac/statistics/blockchain

Exchanges:

- Bittrex.com https://bittrex.com/Market/Index?MarketName=BTC-GAC
- Kryptokursy http://kryptokursy.pl/GAC (Polish exchange)
- Xnigma Exchange https://xnigma.com/markets/view/71
- CryptOTC http://cryptotc.us/market#GAC

Pools:

Charity mining https://gael.charityminingpools.com
Webcoin US pool http://pool.webcoin.us/gac

Listings:

[Coin DB Listing] http://vardiff.com/coin/gaelcoin/
[Price charts ] http://crypto-prices.com/GAC
[Crypto Rank] http://www.cryptocoinrank.com/Gaelcoin
[CoinMarketCap] http://coinmarketcap.com/volume.html#gac


Support:

Installation and Claim video here: https://www.youtube.com/watch?v=uZ8kAbGCJQw

In need of beginners support installing your wallet ? Please post your questions here https://bitcointalk.org/index.php?topic=537760


Translations:

https://bitcointalk.org/index.php?topic=509429.0

We are always looking for enthusiastic people to join our team. If interested just e-mail to info@gaelcoin.org

[Vyker]

Have you done anything different to the LTC fork?

[zsnorbi]

diff already 0.7
That's just too much, sorry

[Vyker]

0.7 in less than 10mins!

When did this _really_ launch?

[coolisbad]

Really? Make the announcement at diff 0.7 and 20 MH/s on the network?
Happy mining for you and your friend with the 20 MH/s rig.

[LordCoder]

So what's new on this coin? Why should we mine this?

[zsnorbi]

So what's new on this coin? Why should we mine this?

Nothing. Don't even bother to download the wallet. A fair ninja launch is not made with 0.72 diff
Sorry dude but this will fail

[Olegcho]

Premine 1%
1 % pre-mined

with 2 min block time = 180.555556 days of premining

[btc1210]

Premine 1%
1 % pre-mined

with 2 min block time = 180.555556 days of premining

Wow. lol.

What a sneaky launch.

[coin123123]

Premine 1%
1 % pre-mined

with 2 min block time = 180.555556 days of premining

surely idea taken from aurora so it can't be 180 days

[cryptohunter]

scam launch .... let it die

[theh1982]

Premine 1%
1 % pre-mined

with 2 min block time = 180.555556 days of premining

Wow. lol.

What a sneaky launch.
[/quote]

1% of total was taken on first block similar to auroracoin.  Difficulty is climbing high due to many miners connecting.   

[ToScA-]

diff already 0.7
That's just too much, sorry

How did you see the diff? There are no pools.

In SGMiner the diff is 44.6K..not sure how to interpret that, but it sure as hell ain't 0.7.

[zsnorbi]

Premine 1%
1 % pre-mined

with 2 min block time = 180.555556 days of premining

Wow. lol.

What a sneaky launch.

1% of total was taken on first block similar to auroracoin.  Difficulty is climbing high due to many miners connecting.   
[/quote]

4 mins after the ann here diff was already 0.72, and you are claiming 2 days diff retarget time. Not even KGW can drive the diff up so fast

[zsnorbi]

diff already 0.7
That's just too much, sorry

How did you see the diff? There are no pools.

In SGMiner the diff is 44.6K..not sure how to interpret that, but it sure as hell ain't 0.7.


{
"blocks" : 315,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.68078409,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 23040117,
"pooledtx" : 0,
"testnet" : false
}

[ToScA-]

diff already 0.7
That's just too much, sorry

How did you see the diff? There are no pools.

In SGMiner the diff is 44.6K..not sure how to interpret that, but it sure as hell ain't 0.7.


{
"blocks" : 315,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.68078409,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 23040117,
"pooledtx" : 0,
"testnet" : false
}

Thanks! But where do you see that? Sorry, I'm a noob.

Somewhere in the wallet I'm guessing.

[Vann]

diff already 0.7
That's just too much, sorry

How did you see the diff? There are no pools.

In SGMiner the diff is 44.6K..not sure how to interpret that, but it sure as hell ain't 0.7.


{
"blocks" : 315,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.68078409,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 23040117,
"pooledtx" : 0,
"testnet" : false
}

Thanks! But where do you see that? Sorry, I'm a noob.

Somewhere in the wallet I'm guessing.

Open the wallet debug console tab and enter:

Code:

getmininginfo

[ToScA-]

diff already 0.7
That's just too much, sorry

How did you see the diff? There are no pools.

In SGMiner the diff is 44.6K..not sure how to interpret that, but it sure as hell ain't 0.7.


{
"blocks" : 315,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.68078409,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 23040117,
"pooledtx" : 0,
"testnet" : false
}

Thanks! But where do you see that? Sorry, I'm a noob.

Somewhere in the wallet I'm guessing.

Open the wallet debug console tab and enter:

Code:

getmininginfo

There we go. Thanks a lot!

[mazuma]

fuck you and this coin

[theh1982]

fuck you and this coin

pog mo thoin