[ANN][BMR] Bitmonero - a new coin based on CryptoNote technology - LAUNCHED

[eizh]

What is the reward formula of BMR ?

The reward formula is similar to bytecoin except the denominator is 4x larger (plus the decimal is shifted, but that is just a difference in display, atomic units are unaffected)

Does it mean that the first block reward was (2^64-1)/2^20  =~ 2^44 =~ 1,759218604×10¹³
 = 17,592,186,040,000
... ok thats in satochy, so around  17.592 BMR
(edited for error in 4x)

Correct. It'll be around that for a while.

Is there a block explorer?

No, the only CryptoNote block explorer is the one implemented by MinerGate for BCN (https://minergate.com/#/blockchain/bcn/blocks). It's not open source and very likely connected to the BCN devs based on how quickly it came out and how polished it is. I think we're on our own for BMR.

[1714072220]

1714072220

[1714072220]

1714072220

[1714072220]

1714072220

[1714072220]

1714072220

[tacotime]

A block explorer should be easy to make; just query the RPC webserver with JSON requests for the blocks and their contents, then dump that into a database.

[the_darkness]

Bytecoin difficulty appears significantly down from its peak (hanging aroung 800k right now vs a peak around 1200k). Wonder if BMR has interested some of the miners?

[tacotime]

Bytecoin difficulty appears significantly down from its peak (hanging aroung 800k right now vs a peak around 1200k). Wonder if BMR has interested some of the miners?

Our diff hit 120k last night, so probably.

[GreekBitcoin]

May i ask why blocks are so slow? I mean there seems to be not instamine. people didnt bother with the coin or diff changes every block or something? I guess i have to check bytecoins algo...

[tacotime]

May i ask why blocks are so slow? I mean there seems to be not instamine. people didnt bother with the coin or diff changes every block or something? I guess i have to check bytecoins algo...

Difficulty change is per block and adaptive, so there is no instamine.

[Xdragon]

diff is too high now for solo, unless you are a botnet  
that is strange because on bytecoin at diff 600k I could mine ~1 block per day, here diff is only 120k but no block for almost 24 h.
Maybe OP should contact minergate to add BMR pool  

edit: now there is a source for minergate miner https://github.com/amjuarez/bytecoin

[tacotime]

diff is too high now for solo, unless you are a botnet  
that is strange because on bytecoin at diff 600k I could mine ~1 block per day, here diff is only 120k but no block for almost 24 h.
Maybe OP should contact minergate to add BMR pool  

edit: now there is a source for minergate miner https://github.com/amjuarez/bytecoin

Solo should be okay, I have been getting blocks still solo.  May just be unlucky.  Try compiling in ubuntu linux 13.10, you usually get about 3x higher hash rates than windows.

Only 13.10 has the correct dependencies, do not download 14.4!!!

Compile in this way:

Code:

sudo apt-get install libboost-all-dev cmake
cd $HOME/your_bitmonero_directory/
mkdir build
make -j4

[eizh]

diff is too high now for solo, unless you are a botnet  
that is strange because on bytecoin at diff 600k I could mine ~1 block per day, here diff is only 120k but no block for almost 24 h.
Maybe OP should contact minergate to add BMR pool  

edit: now there is a source for minergate miner https://github.com/amjuarez/bytecoin

That's just bytecoin itself. The MinerGate devs said the following:

How to use open-source simpleminer to mine with MinerGate.com

Build latest bytecoin from sources using instructions in How-To thread.

Make sure you have executable ‘simpleminer’ in build/release/src.

Launch it with the following params:
./simpleminer --pool-addr=bcn.pool.minergate.com:5555 --login=YOUR_ACCOUNT_EMAIL --pass !

Please be careful and put correct e-mail corresponding to your MinerGate account.

In case you run simpleminer with wrong or misspelled e-mail all your work will be associated with different account!

So we don't have a source. They're just saying you can use simpleminer instead of their executable, which is definitely better since it doesn't involve trusting their software. The question is how do we set up something similar for BMR?

Also, are BMR's diff numbers directly comparable with BCN or is an adjustment needed? I think Xdragon is just having bad luck but it'd be good to know.

[jasemoney]

update on not finding block over weekend.  Found a few first 2 days, did not find any Friday night until I stopped it this morning.  So I restarted and have found 2 since.  Durring the weekend it showed a hashrate and shows connections & alt chains etc etc as usual.  weird... working at the moment so

[smooth]

Also, are BMR's diff numbers directly comparable with BCN or is an adjustment needed? I think Xdragon is just having bad luck but it'd be good to know.

Multiply the  BMR number by two

[tacotime]

Services still needed:
- Official exchange
- Pool and open source pool software
- GUI wallet
- Faucet

I will try to work on GUI as I have time, I'm getting back into doing stuff for MC2

[smooth]

update on not finding block over weekend.  Found a few first 2 days, did not find any Friday night until I stopped it this morning.  So I restarted and have found 2 since.  Durring the weekend it showed a hashrate and shows connections & alt chains etc etc as usual.  weird... working at the moment so

Consistent with luck.

[smooth]

diff is too high now for solo, unless you are a botnet  
that is strange because on bytecoin at diff 600k I could mine ~1 block per day, here diff is only 120k but no block for almost 24 h.
Maybe OP should contact minergate to add BMR pool  

edit: now there is a source for minergate miner https://github.com/amjuarez/bytecoin

Why do you need a block every single day? Why not view it in terms of blocks per week or blocks per month?

I solo mined bitcoin up until the point where I was getting one block in a few months. Yes you can use pools, but there are always costs to that. Even if not fees, you run the risk of getting ripped off by the pool or the pool getting hacked and being unable to make payouts.

There does come a point where pools are absolutely necessary, and you just have to accept these costs, but a block every day or every few days is not that point.

[eizh]

New BCN clone: "HoneyPenny" (yes, really)

https://bitcointalk.org/index.php?topic=577267.0

Interesting changes to the PoW. Also seems to have 10% of every mined block going to devs? Wording is not clear.

Props to them for actually putting anonymous and unlinkable in the thread title. A casual browser still would have no idea what BMR actually does.

[tacotime]

ByteCoin is technically neither anonymous nor unlinkable -- it's simply designed to provide more privacy for transactions.

[smooth]

ByteCoin is technically neither anonymous nor unlinkable -- it's simply designed to provide more privacy for transactions.

Anonymous is somewhat of a vague term, but it is definitely unlinkable in the sense that a transaction can't be linked with its recipient at all.

the receiver is the only one who can release the funds after the transaction is committed. He only needs to perform a single-formula check on each transactions to establish if it belongs to him. This process involves his private key, therefore no third party can perform this check and discover the link between the one-time key generated by the sender and the receiver's unique public address. https://cryptonote.org/inside.php

Ring signatures are a little weaker. It is possible to identify the sender of a transaction as being among the small group of possible signers, but it still can't be linked with any one signer. By sending a series of transactions to yourself you can perform what amounts to mixing without a third party mixer, because the number of potential originators grows exponentially at each step.

This does require a reasonable volume of transactions on the network though. If you are the only one sending transactions then it is obvious they are all yours.

[eizh]

Services still needed:
- Official exchange
- Pool and open source pool software
- GUI wallet
- Faucet

I will try to work on GUI as I have time, I'm getting back into doing stuff for MC2

Add website to the list. It's a "service" in a way. HoneyPenny even has one (http://honeypenny.org/).

[smooth]

Services still needed:
- Official exchange
- Pool and open source pool software
- GUI wallet
- Faucet

I will try to work on GUI as I have time, I'm getting back into doing stuff for MC2

Add website to the list. It's a "service" in a way. HoneyPenny even has one (http://honeypenny.org/).

Sombody registered the domain names bitmonero.com and bitmonero.org just yesterday. If it wasn't the OP he screwed up big time and we should just do an immediate code fork to rename it to something where we control the domain names.

[cryptofella]

Fork would be good. This (Bitmonero) and the other "HoneyPenny" sound both terrible. We need a good Cryptonote based coin that has probably a preannouncement, no premine or at least honest premine, websites registered before launch and a good name like Bitnote or sth. If someone is to create a new fork with these things in mind, I'm supporting.