pre[ANN]2 PurpleCoin will be launching very soon

[deeppurple72]

Making the FINAL PREPARATIONS for [ANN] + FAIR LAUNCH

BlockChain Explorer tested + working  

UPDATED! Preview of PURPLECOIN WEBPAGE is here http://p2pool.neocities.org/PurpleCoin.html

ETA of Official [ANN] is expected to be around April 11, 2014
and Fair Launch should take place around April 13, 2014
48 hrs after the [ANN] has been made....

WALLET


Blockchain Explorer


PROGRESS REPORT:

Linux command-line + QT wallets compiled + tested ...........................  PASSED  
Windows QT wallet precompiled static binary (x86) + tested .................  PASSED  
MAC OSx WALLETS........................................................................ .  Not Tested
Genesis Block Created + tested ........................................................  PASSED  
Mining Pool Created + tested ...........................................................  PASSED
Fair Launch Block 1020 difficulty tested ( will be 2.0 at launch ) .............  PASSED
Tested send, receive, and TX fees...................................................... PASSED
Tested block rewards ...................................................................... PASSED  
Tested Kimoto Gravity Well .............................................................. PASSED  
Tested PurpleCoin BlockChain Explorer ............................................... PASSED

Source Code will include QT4 .pro files for Linux + Windows Configurations
In addition, there is a .pro file for Fedora (redhat) QT wallet + makefile.fedora for
compiling headless wallet. RedHat distros need openssl-compat-bitcoin libraries
and devel headers installed ( /opt/openssl-compat-bitcoin )

recommend compiling linux/windows QT wallets using QT 4.8.5

a precompiled static x86 windows QT wallet binary will be included
with source code. It was tested on both XP-sp3 x86 & Win7 x64 OSes.

The BLOCKCHAIN has been "deleted" after extensively testing
so fair launch will begin at block 1020 needing to be found.

blocks 1-1019 are being premined now, hashes will be extracted and used
as checkpoints, windows qt binary will be recompiled, and an official
announcement + launch date/time will be made immediately after
the wallets/src code is ready to be released to the public

PurpleCoin ANDROID wallet is being developed, however, it will more than likely be released
in the future, as priority is to focus on finalizing the PurpleCoin website,
and of course, the fair launch itself

Because PurpleCoin virtually has no premine, and Fair Launch will start at 2.0 Difficulty,
there will obviously NOT be any giveways, bounties, etc.

However, the good news is that because of literally only 1 coin premined, a high enough
starting network block difficulty, and small block rewards, when PURPLECOIN gets on
exchanges, there will NOT be large amounts of "dumped" coins

PurpleCoin favors QUALITY, and NOT QUANTITY.

I challenge MINERS to inspect the source code of ALT-COINS before blindly jumping on them...

simply download the source code, and open up the MAIN.CPP file in the SRC folder,
search for nsubsidy....

(nHeight is the variable that represents the BLOCK# that coins are awarded to)

you'll see stuff like this, for example

        int64 nSubsidy = 50;

    if (nHeight == 1)
      nSubsidy = 20000000 * COIN

which translates to BLOCK 1 has a block reward of 20 million coins !!!
other blocks pay only 50 coins

developers claim its for bounties, giveaways, promotions, etc.....
but in reality, that huge premine so often ( almost always ) gets DUMPED on the exchanges....
( aka ScamCoins, Pump-n-Dumps, Sh*tCoins, etc, etc )

So, a coin could be launched with just a few blocks mined by the developers,
leaving you to believe not many coins mined yet based on the block#
but what people don't realize, is that in the src-code, a developer can assign
ANY block he wants, ANY block rewards he wants......
So oh, he launched his coin with only 100 blocks mined ( but you didnt realize he's sitting on 20 Million coins already! )
and even if he does give some away ...   well,   go figure.....

There's too many sh*tcoins and bot-coins coming out

We ( as miners ) need GOOD alt-coins, not premined, and also more difficult to mine as well
so big miners dont solo mine a fortune when the coin is launched.

The idea is to offer a good quality coin that will bring good trade value, without the threat
of pump-n-dump.

With that said,  take it or leave it.

[ClutchThese]

Fabulous!

[ClutchThese]

Fabulous!

Also, how many coins total?

What algo is this coin?

And... can we go ahead and dub this as "Prince" coin?

Purple rain baby.

[deeppurple72]

LOL!  IDK about "Prince" .....

I do listen to all kinds of music....






its all posted on the PREVIEW website,
here -----> http://p2pool.neocities.org/PurpleCoin.html

but here's the specs again:

Specifications:
* Scrypt * Coin Supply = ONLY 2,111,301 Coins!  * Block Target Time = 60 Seconds *
* Generated Coin Maturity = 25 Blocks *  Kimoto Gravity Well retargeting algo *
* Only 1 Coin was premined * Trade Symbol = PUR
* PurpleCoin is NOT a coingen.io or other "BOT" coin

BLOCK REWARDS:
Blocks 1-1019  ( PREMINED ) totals 1.0 PUR
Blocks 1020-6120 = 0.01 PUR / block
Blocks 6121-11020 = 0.25 PUR / block
Blocks 11021-31020 = 0.5 PUR / block
Blocks 31021-131020 = 1 PUR / block
Blocks 131021-1131020 = 2 PUR / block
Blocks 1131021+   =  NO Block Rewards

------------------------------------------------------------------------------------------------------
=======================================================

and here's the MAIN.CPP code for those block rewards:



int64 static GetBlockValue(int nHeight, int64 nFees, uint256 prevHash)
{
    int64 nSubsidy = 0;

   if (nHeight < 1131021)
      nSubsidy = 2 * COIN;      // 1000000 blocks @ 2 coins   = 2000000 coins

   if (nHeight < 131021)
      nSubsidy = 1 * COIN;      // 100000 blocks @ 1 coin     =  100000 coins
   
   if (nHeight < 31021)
      nSubsidy = 0.5 * COIN;    // 20000 blocks @ 0.5 coins   =   10000 coins

   if (nHeight < 11021)
      nSubsidy = 0.25 * COIN;   // 5000 blocks @ 0.25 coins   =    1250 coins

   if (nHeight < 6121)
      nSubsidy = 0.01 * COIN;   // 5000 blocks @ 0.01 coins   =      50 coins
      
   if (nHeight < 1020)
      nSubsidy = 0.002 * COIN;  // 1 blocks @ 0.001 coins  =      .002 coin

   if (nHeight < 1019)
      nSubsidy = 0.001 * COIN;  // 998 blocks @ 0.001 coins  =      .998 coin


    if (nHeight < 21)
      nSubsidy = 0.0 * COIN;  // 20 blocks @ 0.0 coins  =       0 coins  



                                          // ================================================
    return nSubsidy + nFees;              // 1,131,000 Blocks with rewards ,  2111301 coins TOTAL
}

static const int64 nTargetTimespan = 1 * 60 * 60; // PurpleCoin: 1 hour
static const int64 nTargetSpacing = 1 * 60; // PurpleCoin: 1 Minute Blocks
static const int64 nInterval = nTargetTimespan / nTargetSpacing; // retarget @ 60 blocks

[ClutchThese]

Much excite for this today!

As Justin Biebers favorite color, it is now mine too.

[session056]

I am very looking forward to it.

[Painful Truth]

I am very looking forward to it.

+1

sexiest color 

[deeppurple72]

I am very looking forward to it.

+1

sexiest color  

(Created with MakeHuman + Blender + Gimp)

INDEED IT IS !


Fair Launch should be [ANN]ounced sometime next week BTW

[ClutchThese]

Dat purple...

[deeppurple72]

  Preparing for [ANN] the Fair Launch  

 been a little side-tracked with some other stuff,

 basically, just need to finish the 1 PUR premine,
 and then PurpleCoin will be READY! 

[deedou]

mining pool should be set up before launch , and if the coin can not be in exchange platform within a week ,dangerious close

[deeppurple72]

mining pool should be set up before launch , and if the coin can not be in exchange platform within a week ,dangerious close

There already is a mining pool setup + tested...  That was posted above under "PROGRESS"

so dont worry --- I have been taking the time to ensure everything checks out BEFORE launch...

Everything has been extensively tested. The blockchain has just been reset, and the premined blocks 0-1019
are being premined via the PUR P2POOL right now...  and not straight solo-mined directly

The starting network difficulty at fair launch will be approx 2.0, so pools will be needed.
This is intended to prevent solo-miners and insta-mine.

The PurpleCoin-P2POOL code will also be released at the same time as the wallets.

PurpleCoin should get accepted shortly after the fair launch by some exchanges, but it may require
help from the PUR community to do so --- because only 1 PUR is premined, there cannot be any
bounties offered, nor can exchanges be BRIBED with big premine.

If you check out the specs, the blockchain explorer, and mining pool --- the coin speaks for itself.


The Blockchain explorer & mining pool are ONLINE already, and you can see the premine activity
if you'd like:

you can check them out here:  http://p2pool.neocities.org/PurpleCoin.html

[jdun]

I'm watching this coin. I'd like to try mining at the launch and see where it goes.

[Eastwind]

X11 algorithm will make it more appealing.

Scrypt is dead for GPU miners now.

[Warphole]

Are'nt you a pool owner and you launch an OWN coin? Don't know if this is a good marketing strategy.

[spankyminer]

Fabulous!

Also, how many coins total?

What algo is this coin?

And... can we go ahead and dub this as "Prince" coin?

Purple rain baby.

Much excite for this today!

As Justin Biebers favorite color, it is now mine too.

Dat purple...

Fabulous!

How can one person make that many posts without saying anything? Thats really beyond me

[qiwoman]

Ah cool coin but not all of us are miners, some of us help to promote coins so shame there are no bounties for promoters.

[bigtop1967]

What's happening man?  You vanished!

[mahuateng]

i am forward to  it   

[chnchapters]

Still no word about a community or news about exchanges. I still have hope for this coin as I am mining it myself. Please keep us updated with website and any info, even ur own IRC chanel can help. If you need any DEV team help, let me know. I have expierance.