[PRE-ANN][BDC]The birth of BLACK DRAGON COIN: unique scrypt-jane fantasy coin

[Cloudpost]

Thanks for the kind words guys!

Please give exact instructions on how to mine your coin with various mining methods. (GPU/CPU)

It will be a GPU coin, scrypt-ASIC resistant (custom N-factor). I believe that ASIC resistant coins will be very important soon because of scrypt-ASIC mass production (that will happen soon or is happening right now).

I respect the ninja launch idea but can you give us a window of a time when it might happen?

I cannot give you approximate day or time because it will ruin the concept of ninja launch. As I stated in the opening post, I will launch the coin by making a forum post with password protected wallets/conf settings/miner link with the popular gpu settings/detailed solo mining guide and release the passwords for wallets after 5-10 minutes when people will be prepared to mine. I think it will be Europe evening time when the most forum members are awake/online.

The artwork reminds me of HoMM. I'll mine just because of that.  

[tylerderden]

i'm in for NINJAS!

[kingscrown]

looks nice.

[MisO69]

Nice coin, love the D&D theme.

[midnight_rgs]

looks nice.

+1

[scrototeabaggins]

awesome coin. Love to see coin devs thinking outside the box like this. Will definitely support.

[BitRock]

looks great

[cryptohunter]

Hmmmm

If you really wanted a fair launch you would make the first 1000 or 2000 blocks low reward if doing a ninja launch.

100 blocks at very low diff will pass in 1 min or less. At the normal low starting dif blocks come in sometimes 10 per second.


Ninja launches give the dev and friends max instamining opportunity.


Also i know several HUGE farm owners run scripts that monitor these ann threads so they they are alerted as soon as a ninja launch starts.

Of course most huge farms only mine coins they think will bring them a big profit so they don't bother with every ninja launch.




Also what is the total minting for this coin??

[zakorus]

shiny. i'll mine it cus why not.

[Cryptosapiens]

Deathwing coin!... I will get some...just because its dragons   

[Hundsstern]

Nice idea. Will fight for some coins.

[Vann]

[sikman]

Nice coin/logo and who didn't like dragons when growing up?

Looks like you spent some time doing this and put allot of thought behind it, I like the bonus rewards idea as well with the critical hits...thank goodness its not just a clone of another coin with no innovation.....

Good luck and nice to see some value regarding merchants who will accept BDC..

[Wolv]

Very nice logo, and coin concept. I'll definitely take part in this project.

[Cloudpost]

tylerderden, kingscrown, MisO69, midnight_rgs, scrototeabaggins, BitRock, zakorus, Cryptosapiens, Hundsstern, Vann, sikman, Wolv, thanks for your support. I'm working hard to release a good coin and I'm glad to get positive feedback.

If you really wanted a fair launch you would make the first 1000 or 2000 blocks low reward if doing a ninja launch.
100 blocks at very low diff will pass in 1 min or less. At the normal low starting dif blocks come in sometimes 10 per second.
Ninja launches give the dev and friends max instamining opportunity.

Well, it's a good comment. I will try to explain my launch concept. I did not post many technical aspects. We will try to start with high NFactor = 10 (or maybe a bit lower), so the gpus will have almost the same scrypt-jane hashrate as on scrypt coins (slightly above on 7970/280x). There will be 2 diff retargets during the first 100 blocks (with minimal rewards), lets say every retarget difficulty will increase by 200% (we didn't set the retarget parameters right now, I think it will be 200-300% max increase for solomining period). So with the max 200% diff growth we will have:

starting: 0.00024414
retarget at block  50: 0.00073242
retarget at block 100: 0.00219726
retarget at block 150: 0.00659178
retarget at block 200: 0.01977534
retarget at block 250: 0.05932602
retarget at block 300: 0.17797806

So as you can see even 200% max diff increase is pretty aggressive. After the launch there will be 10 minutes delay before I will release the passwords so many miners will prepare for mining and I expect that the diff will grow up really fast. It cannot be " I will do some tests and maybe we will set low reward for 1-200 or 1-300 blocks instead of 1-100 variant. I'll do several tests to set the final values.
I'll be glad if you can give some ideas how to make launch better. I also can be wrong somewhere.

Also i know several HUGE farm owners run scripts that monitor these ann threads so they they are alerted as soon as a ninja launch starts.
Of course most huge farms only mine coins they think will bring them a big profit so they don't bother with every ninja launch.

The simple notify option works good too, I use and I spotted some ninja launches. Sometimes it doesn't work for me
It must be not so fast to switch big farm to solomine scrypt-jane with custom miner settings (not to default scrypt coin). But my main point is that ninja launches provide overall better protection from mega farms than scheduled launches.

Also what is the total minting for this coin??

DBC will have unlimited mining as dogecoin. I will calculate approximate annual coin volume soon.

[greentea]

Also what is the total minting for this coin??

DBC will have unlimited mining as dogecoin. I will calculate approximate annual coin volume soon.

Really think you should put a cap ... with a maybe 1-2% yearly inflation once it's hit.

All these coins with billions & billions arent doing so hot...

[cryptohunter]

tylerderden, kingscrown, MisO69, midnight_rgs, scrototeabaggins, BitRock, zakorus, Cryptosapiens, Hundsstern, Vann, sikman, Wolv, thanks for your support. I'm working hard to release a good coin and I'm glad to get positive feedback.

If you really wanted a fair launch you would make the first 1000 or 2000 blocks low reward if doing a ninja launch.
100 blocks at very low diff will pass in 1 min or less. At the normal low starting dif blocks come in sometimes 10 per second.
Ninja launches give the dev and friends max instamining opportunity.

Well, it's a good comment. I will try to explain my launch concept. I did not post many technical aspects. We will try to start with high NFactor = 10 (or maybe a bit lower), so the gpus will have almost the same scrypt-jane hashrate as on scrypt coins (slightly above on 7970/280x). There will be 2 diff retargets during the first 100 blocks (with minimal rewards), lets say every retarget difficulty will increase by 200% (we didn't set the retarget parameters right now, I think it will be 200-300% max increase for solomining period). So with the max 200% diff growth we will have:

starting: 0.00024414
retarget at block  50: 0.00073242
retarget at block 100: 0.00219726
retarget at block 150: 0.00659178
retarget at block 200: 0.01977534
retarget at block 250: 0.05932602
retarget at block 300: 0.17797806

So as you can see even 200% max diff increase is pretty aggressive. After the launch there will be 10 minutes delay before I will release the passwords so many miners will prepare for mining and I expect that the diff will grow up really fast. It cannot be " I will do some tests and maybe we will set low reward for 1-200 or 1-300 blocks instead of 1-100 variant. I'll do several tests to set the final values.
I'll be glad if you can give some ideas how to make launch better. I also can be wrong somewhere.

Also i know several HUGE farm owners run scripts that monitor these ann threads so they they are alerted as soon as a ninja launch starts.
Of course most huge farms only mine coins they think will bring them a big profit so they don't bother with every ninja launch.

The simple notify option works good too, I use and I spotted some ninja launches. Sometimes it doesn't work for me
It must be not so fast to switch big farm to solomine scrypt-jane with custom miner settings (not to default scrypt coin). But my main point is that ninja launches provide overall better protection from mega farms than scheduled launches.

Also what is the total minting for this coin??

DBC will have unlimited mining as dogecoin. I will calculate approximate annual coin volume soon.

Hi,

Ok, well since we know more now precise details about the launch this is quite a good way to do it. Since also you have already posted that you will release in the evening also... it is not really a total ninja either.

Good luck with the coin.... I love a bit of fantasy too.... raymond fiest and  g rr martin.... JRRT of course.

[xploreredfusion]

tylerderden, kingscrown, MisO69, midnight_rgs, scrototeabaggins, BitRock, zakorus, Cryptosapiens, Hundsstern, Vann, sikman, Wolv, thanks for your support. I'm working hard to release a good coin and I'm glad to get positive feedback.

If you really wanted a fair launch you would make the first 1000 or 2000 blocks low reward if doing a ninja launch.
100 blocks at very low diff will pass in 1 min or less. At the normal low starting dif blocks come in sometimes 10 per second.
Ninja launches give the dev and friends max instamining opportunity.

Well, it's a good comment. I will try to explain my launch concept. I did not post many technical aspects. We will try to start with high NFactor = 10 (or maybe a bit lower), so the gpus will have almost the same scrypt-jane hashrate as on scrypt coins (slightly above on 7970/280x). There will be 2 diff retargets during the first 100 blocks (with minimal rewards), lets say every retarget difficulty will increase by 200% (we didn't set the retarget parameters right now, I think it will be 200-300% max increase for solomining period). So with the max 200% diff growth we will have:

starting: 0.00024414
retarget at block  50: 0.00073242
retarget at block 100: 0.00219726
retarget at block 150: 0.00659178
retarget at block 200: 0.01977534
retarget at block 250: 0.05932602
retarget at block 300: 0.17797806

So as you can see even 200% max diff increase is pretty aggressive. After the launch there will be 10 minutes delay before I will release the passwords so many miners will prepare for mining and I expect that the diff will grow up really fast. It cannot be " I will do some tests and maybe we will set low reward for 1-200 or 1-300 blocks instead of 1-100 variant. I'll do several tests to set the final values.
I'll be glad if you can give some ideas how to make launch better. I also can be wrong somewhere.

Also i know several HUGE farm owners run scripts that monitor these ann threads so they they are alerted as soon as a ninja launch starts.
Of course most huge farms only mine coins they think will bring them a big profit so they don't bother with every ninja launch.

The simple notify option works good too, I use and I spotted some ninja launches. Sometimes it doesn't work for me
It must be not so fast to switch big farm to solomine scrypt-jane with custom miner settings (not to default scrypt coin). But my main point is that ninja launches provide overall better protection from mega farms than scheduled launches.

Also what is the total minting for this coin??

DBC will have unlimited mining as dogecoin. I will calculate approximate annual coin volume soon.

Great! Will be launched today ?

[nbphuoc]

Can't wait for the launch :p

[Hundsstern]

To be honest. It's the only coin I'm really thinking about and waiting for since yesterday. This and I'm also waiting for CryptoMeth sometimes.