[ANN][Sloth] Slothcoin - SHA3 - UPDATE TO 1.3 - Digishield

[thimo]

Slothcoin
slothcoin.org

#slothcoin on IRC ॥ slothcoin on twitter  ॥  slothcoin on reddit  ॥  slothcoin on facebook ॥ slothcoin on GitHub

Download version 1.3, it's mandatory!

What is Slothcoin?
Slothcoin is a peer-2-peer cryptocurrency created for having fun and in the mean while revolutionizing currencies.
It is based on the idea of dogecoin and combined with some more advanced aspects like the sha3 encryption algorithm, which equals out the difference between nVidia and ATi cards and is more secure than sha256-like encryption algorithms.
A total amount of 100,000,000,000 coins will be mined in the creation process, ensuring that there are enough coins for everyone and that Slothcoin will not become a comma-currency like Bitcoin.
A small period of 100 blocks is used to let the network build up and prevent instamining. After that, the blockrewards will be 500,000 at the start and halving every 100,000 blocks, after 600,000 blocks there will be no reward left, but transaction fees.
A block-time of 2,5 minutes ensures fast transactions while in the mean time reducing orphan rates that occur with block-times below 60 seconds.
Kimoto's gravity well is implemented to adjust the difficulty every 2 blocks, this will prevent multipools from taking advantage of low difficulty and ensures that the coin does not get stuck in a high difficulty scenario.

Why Slothcoin?
To become a succesful currency, it has to be open to anyone and everyone. SHA3 gives us this opportunity. The SHA3 encryption algorithm is still in it's early stages and a lot of experimenting is done with it. SHA3 has proven to equalize the line between nVida and AMD video cards, to use less energy for more hashing power and to be more secure in encrypting transactions. These things are all great but, there are 3 other major advantages to SHA3.
There are no multipools currently hashing on SHA3, as it is inefficient because there are too few SHA3 coins.
There are currently no ASICS for SHA3 in development.
It is way better for your hardware, as your videocards are not stressed out to their maximum capability.
These 3 advantages will give us a currency that is open to anyone and a currency open to anyone will bring a lot of people into the cryptocurrency world. Whether they are here for the fun or here to make money, everyone is welcome.

Technical Specifications
Algorithm: SHA3 keccak
Block Time: 150 Seconds
Difficulty Retarget Time: 2 blocks
Premine: very small; 0,2% for bounties
Ports: 5108(RPC), 5107(P2P)

Reward schedule
Block 1-100:                              10,000 Sloth
Block 100-100,000:                     500,000 Sloth
Block 100,000-200,000:            250,000 Sloth
Block 200,000-300,000:             125,000 Sloth
Block 300,000-400,000:               62,500 Sloth
Block 400,000-500,000:               31,250 Sloth
Block 500,000-600,000:                15,625 Sloth

Download the wallet
Version 1.3.0
                                     

Looking for someone who can compile the mac wallet for a bounty in Sloth!

Source:
https://github.com/thimod/Slothcoin

Calculators
Mining: http://dwarfpool.com/sloth/calc
Price: http://www.coin-calc.com/slothcoin/

List of pools
http://sloth.imine.at
https://sloth.nicemining.pw/
https://sloth.crunchharder.net/
http://sloth.miningwith.us
http://dwarfpool.com/sloth

P2P pools
Bounty of 2,000,000 Sloth for a P2P pool
First 2 Are rewarded
1
2

Exchanges
Atomic-Trade ॥ Coinano ॥ AllCrypt

Block explorers
http://sloth.42tx.com/ Incorrect
http://slothcoin.org/block_crawler

Gambling
https://coin-horse.com/SLO/

___________________________________________________
Miners for SHA3 Keccak
CPUminer
CPUminer for Windows
CPUminer for OSX
CPUminer for Linux
Example: minerd.exe -a keccak -o stratum+tcp://pool-url.com:port -u worker -p password

CUDAminer
CUDAminer for Windows
CUDAminer for OSX
Example: cudaminer.exe -a keccak -o stratum+tcp://pool-url.com:port -u worker -p password

CGminer
CGminer for Windows
Example: cgminer.exe --keccak -o stratum+tcp://pool-url.com:port -u worker -p password

Example of slothcoin.conf

Code:

listen=1
daemon=1
server=1
rpcuser=zzzzZZ
rpcpassword=ZZZzzzZZ
rpcport=5108
port=5107

[Charloz24]

Keccak yes Will follow this

[TheMightyX]

Kimoto's gravity well is implemented to adjust the difficulty every 4 blocks, this will repel multipools and ensure that the coin does not get stuck in a high difficulty scenario.

KGW does not "repel" multipools, only prevents them taking advantage of slow difficulty adjustments and the aftermath caused by them ramping up the difficulty and then leaving.
They can still monopolize a coin.
A non-scrypt algo does repel them though. +1 for that.

[daemmon]

I mostly like this coin because I hate scrypt.

1) Scrypt is the most resource-intensive of all algos. (On par with it's derivates)
2) There are already every single possible combination of features in alt-coins with scrypt algo. Rare, scarce, tons, big numbers. KGW, 10 block retarget, 4 block retarget, 102385249 block retarget... you name it and there is some PotatoCoin with the features.
3) As with the previous statement, there are already too many scrypt alt-coins. We need more sha-3, qubit, quark, blake and whatever new algo is out there.
4) Scrypt ASICs are in theory already out and working (350kh/s for 7w and with almost the same costs as GPUs, but still... low maint and it's the first generation.

Scrypt shitcoins must end... fast.

[SackofBits]

I need this coin 

[sq]

Slothcoin was added to AltCoinCalendar.info.

Check Coin Countdown


if you like our work donations are welcome.

[LordCoder]

I mostly like this coin because I hate scrypt.

1) Scrypt is the most resource-intensive of all algos. (On par with it's derivates)
2) There are already every single possible combination of features in alt-coins with scrypt algo. Rare, scarce, tons, big numbers. KGW, 10 block retarget, 4 block retarget, 102385249 block retarget... you name it and there is some PotatoCoin with the features.
3) As with the previous statement, there are already too many scrypt alt-coins. We need more sha-3, qubit, quark, blake and whatever new algo is out there.
4) Scrypt ASICs are in theory already out and working (350kh/s for 7w and with almost the same costs as GPUs, but still... low maint and it's the first generation.

Scrypt shitcoins must end... fast.

Very true. SHA-3 is not very common in crypto-coins.

[thimo]

Kimoto's gravity well is implemented to adjust the difficulty every 4 blocks, this will repel multipools and ensure that the coin does not get stuck in a high difficulty scenario.

KGW does not "repel" multipools, only prevents them taking advantage of slow difficulty adjustments and the aftermath caused by them ramping up the difficulty and then leaving.
They can still monopolize a coin.
A non-scrypt algo does repel them though. +1 for that.

You're very right on that point. Let me rephrase that part!

[virtualdn]

can offer faucet, paper wallet and scratch game for slothcoin. please contact if interested.
http://coinok.pw

[thimo]

can offer faucet, paper wallet and scratch game for slothcoin. please contact if interested.
http://coinok.pw

We're thinking it through, thanks for the offer, nonetheless.

[Camilio]

What about bounties for translation?

[thimo]

What about bounties for translation?

What languages are you offering?

[thimo]

I have posted a piece on reddit here that is worth a read.

[sienna]

Here is the chinese thread: https://bitcointalk.org/index.php?topic=513508.msg5671212#msg5671212

[BarryBatsBak]

The newest Doge? Looks promising

[bramvnl]

uhm.. its look like a good coin

[thimo]

Added instamine protection first 100 blocks only reward 10,000 Sloth.

[evoked22]

I LOVE SLOTHS!!!!!!! 

very happy you are making this coin

[vilgem]

SkunkCoin... really nice

[BarryBatsBak]