[ANN] chain2 -- Pure SHA256 PoW coin | Real-Time Targeting

[dgenr8]

What's the point of a chain that reorgs ad infinitum? It's an interesting idea, but practically not really useful.

Yeah, I guess I have to solve that problem too.  Do I have to do everything myself? 

Someday it might have a majority. So maybe you should mine some now, just in case.

If there is a reorg, just mine on top of it and be glad you didn't waste any resources you couldn't afford to lose, or accept ctwo in exchange for anything of value.

[MiningCoinsPool]

new pool:

https://miningcoins.ca

[MiningCoinsPool]

Somebody 's mining on https://miningcoins.ca with the wrong wallet address format   with prefix " CTWO: "

Please start you wallet-qt with the command  " -usecashaddr=0 "

It will give you a wallet address with the format like   " 1CGFu8RuKSob3tRvyXVdhDsG2wPJ4vM82j "

The pool cannot payout if you don't do this  

[MiningCoinsPool]

How to get your wallet giving you a legacy wallet to be able to mine on pool :

Download video:
https://miningcoins.ca/Chain2_legacy_wallet.mp4


On YouTube :
https://youtu.be/cpbiYHMe8Ng

[dgenr8]

The research paper has been updated.  The constant in section 3.3 is now derived rather than just referencing simulation results. Also various other clarifications.

https://github.com/chain2/chain2/blob/master/specifications/rtt.pdf

[AltcoinCash]

New pool!

Chain2 is added to pool.gpuhot.com mining pool.

Legacy address only 

Code:

-a sha256 -o stratum+tcp://pool.gpuhot.com:5250 -u legacy-wallet -p c=CTWO,d=diff

[dgenr8]

Faucet currently offering 1 CTWO

http://faucet.chain2.org/

[nyo_x]

Actually Tom,
First of all thank you for posting this,  I was thinking about intra block retarget last 4-5 months then I found your implementation.  My point was: if you want blockchain with 10mins block spacing, why you would like to hash and use x KW to do it between blocks?  I appreciate your white paper(bloody hell much more than I appreciate it).  I would like to see some stress test.
nyo_x

[dgenr8]

hash and use x KW

What do you mean? Can you clarify?

[dgenr8]

New explorer live at http://explorer.chain2.org/

[nyo_x]

hash and use x KW

What do you mean? Can you clarify?

Sorry I was just thinking loud. For example: you want POW(no POS, Masternodes...) blockchain with 10min block spacing. This is done so far by looking back to previous x blocks solved at time y, and calculated next block diff(depends on implementation). You made first step in diff retarget intra block. But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

[dgenr8]

... But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

Ok so you did mean kilowatts (KW).  Yes, you've got it.

[nyo_x]

... But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

Ok so you did mean kilowatts (KW).  Yes, you've got it.

yes, sorry