[ANN] MON | Monocle | Merge Mined on VTC Vertcoin - No Premine - Scrypt-N

[BorisTheSpider]

Monocle is brought to you by the Vertcoin (VTC) developers.

Stealth addresses are now on MON mainnet - please download the updated wallet: http://www.reddit.com/r/vertcoin/comments/298wpl/monocle_stealth_address_release_candidate_1/

NOTE - UNTIL A SUFFICIENT NUMBER OF NODES HAVE UPDATED, SX TRANSACTIONS MAY NOT BE RELAYED, SO DO NOT SEND LARGE AMOUNTS OF MON IN STEALTH TRANSACTIONS YET, AS THOSE TRANSACTIONS MAY TAKE A LONG TIME TO MAKE IT INTO A BLOCK AS THE NETWORK UPDATES.

POOL AND P2POOL NODE OPERATORS SHOULD ALSO UPDATE TO THE NEW MON WALLET SO THEY CAN MINE SX TRANSACTIONS. SX INTRODUCTION IS NOT HARDFORKING, BUT SHOULD BE TREATED AS SUCH SINCE IT IS IMPORTANT TO GET AS MANY NODES AND MINERS UPDATED AS SOON AS POSSIBLE.


Vote for Monocle on Mintpal: https://www.mintpal.com/voting#MON

Exchanges:

https://www.poloniex.com/exchange/btc_mon
https://www.bittrex.com/Market/?MarketName=BTC-MON

Exchange requests: http://www.reddit.com/r/CoinedUp/comments/24yk8a/please_add_mon_vtc_team_release_mergemined_on_vtc/

Website: https://monocle.vertcoin.org

Block explorer: http://cryptexplorer.com/chain/Monocle
Block explorer: http://monexplorer.vertcoin.org/

Difficulty and hashrate charts: http://stats.etyd.org/monocle.html

Pools:

LIVE POOLS:

Pools being added here as they come online. Use VTC address as username and MON address as password when mining on the proxied p2pool nodes, the other (non-p2pool) pools may have a different way to pass your addresses so please read their individual instructions.

P2pool network 1:

stratum+tcp://p2p-us.kilovolt.co.uk:9555
stratum+tcp://p2pool.vtcpool.co.uk:9555
stratum+tcp://vtc.cubeconnex.com:9555
stratum+tcp://mon.qemulab.com:9555
stratum+tcp://ny.p2proxy.net:9555 (http://p2proxy.net/)
stratum+tcp://191.239.1.169:9555
stratum+tcp://singaporep2pool1.no-ip.info:9555
stratum+tcp://vertcoinpool.com:9555
stratum+tcp://107.170.105.6:9555
stratum+tcp://p2pool.vertfinder.info:9555 - stats page: http://p2pool.vertfinder.info:8080/proxypool/

P2pool network 2:

stratum+tcp://p2p-eu.kilovolt.co.uk:9555
stratum+tcp://198.144.185.136:9555
stratum+tcp://singaporep2pool2.no-ip.info:9555
stratum+tcp://whatever.kn.vutbr.cz:9555

P2pool network 3:

stratum+tcp://p2p-asia.kilovolt.co.uk:9555
stratum+tcp://singaporep2pool3.no-ip.info:9555
stratum+tcp://p2pool3.coingiant.net:9555
stratum+tcp://109.24.254.169:9555

Non p2pool:

http://www.hashharder.com/scrypt-n/monocle%20merged
http://simplevert.com/
https://vert.composedchaos.net/
http://vertmerged.poolz.net

Mailing lists:

These lists will provide notifications for MON client updates, or mining pool software. If you are a p2pool node operator who wishes to add merged mining of MON to your node, please sign up to the pool operators list to receive pool specific notifications such as the merged mining backend, this list will also contain any alerts relating to updates of the MON daemon (so there is no need for node operators to sign up to both lists). Users who do not wish to receive information about the pool-side software, but just alerts relating to MON client updates should sign up to the users/miners list.

Pool operators: http://eepurl.com/TsPOr

Users/Miners: http://eepurl.com/TsP8H

Wallets:

Release binaries: https://github.com/erkmos/monocle/releases (Windows, Mac OS X, Linux portable binaries)

Github: https://github.com/erkmos/monocle/

If you have the pre-release passworded wallets or source, the password is WknYbiAWZ4EA66ggUhSaj3HE7cee but the same files are now available unencrypted from the above links.


Specifications:

Premine: Zero

Algorithm: Scrypt-N, merge-mineable on the VTC chain

Block time: 2 minutes

Retarget: Every 12 blocks using BRNDF. Starting difficulty 2.0

Block reward: 25 MON per block, then decreasing by approximately 3% every 10080 blocks (2 weeks). First 1000 blocks ramp up gradually from 1 MON to full block reward. After block 1,468,415 (approximately 5 years and 7 months) only fees will be mined.

Total circulation: 8.4 million MON

TX fees: No free transactions, 0.01 MON base TX fee

Ports: Mainnet RPC port 6888, mainnet P2P blockchain sync port 6889. Testnet RPC 16888 and p2p 16889.


IRC: Freenode #vertcoin



Distribution over 5.6 years (after which time only fees are mined):





Initial distribution:




P2POOL NODE OPERATORS:

The HOWTO at https://github.com/erkmos/proxypool/blob/master/HOWTO has now been sent to the node operators mailing list. All the necessary software and instructions to add MON are in that repo. Please open TCP port 6889 for inbound connections in your firewall so you are operating as a full node.

MINERS:


Running your own node on the Vertcoin p2pool network is the optimal way to mine, with zero fees and the maximum possible payouts. To make the process easy and painless I have created a preconfigured p2pool node in a box, with simple howto and triple merge mining of VTC+MON+PLX: https://github.com/Paul-Bradley/EasyNode

General p2pool info: http://www.reddit.com/r/vertcoin/comments/22hved/vertcoin_p2pool_faq/ and http://www.reddit.com/r/vertcoin/comments/21r4y8/vertcoin_p2pool_quick_start_guide/

To mine MON, you will need to use the existing VTC mining software you use now, but you will need to mine on one of the p2pool nodes which adds MON merged mining (they will be added to this post over the next few days) and you will need to change your miner configuration to add your MON address once the wallet is released. You will use your VTC address as username and your MON address as password when connecting;

eg. vertminer.exe -o "NODE-ADDRESS:9555" -u "VTC-ADDRESS" -p "MON-ADDRESS" --the-rest-of-your-settings

If you already mine at a node that decides to add MON, you'll need to change the TCP port you connect to the node on, to the new port for both VTC and MON (9555 as specified in the example above), and add your MON address as password.

Note that the optimal way to mine both VTC and MON (with no fees, and maximum payouts due to reduced latency) is to run your own p2pool node on your LAN, possibly even in a VM or on your own desktop computer. The main p2pool software is at https://github.com/donSchoe/p2pool-n - if you install and configure that for VTC, all you need to do to add MON at release is add the monocle daemon to the machine, and run p2pool with the --merged option, eg. python run_p2pool.py --net vertcoin -f 0 --give-author 0 --no-bugreport --merged http://MON-RPCUser:MON-RPCPassword@127.0.0.1:6888 - you'd then be mining VTC in the normal way (with payouts in the generation transaction, fully distributed on p2pool) and solomining MON into the Monocle wallet on the p2pool server. It is HIGHLY RECOMMENDED to run this configuration.

NODES:

addnode=146.185.131.175
addnode=188.226.239.48
addnode=188.226.233.63

Forum:

https://cryptocointalk.com/forum/1276-monocle-mon/

[1713286516]

1713286516

[1713286516]

1713286516

[bengtåke]

I'm on a boat

[sammy007]

Me too.

[xgtele]

Pls correct spelling on the website:

a v initiative (missed ti) - bottom of the page

(^_^)/

[ieatm3s]

IN!

[Grifftech]

Woot woot!!!!

[jamieb81]

I'm on a boat

wow you even have internet on your boat 

[nonny12]

Nice work.

One area I'm confused about - How does this work for miner payouts? Say for example I am mining VTC on one of the p2pools. How will I be paid to both a VTC and MON address?

[layyen]

will we have to wait until pool operators implement it into their pools ? or how to start when it will be released ?

[slaveofmoney]

Hi, i need wallet sources for my pool, profitpool.pw, please send me pm !!!

[dotnetmin]

Thanks Boris for that new feature of VTC.
Is this absolutly new feature in crypto scene or is it already used anywhere i can watch it.

I have shut down my miner because my powercost is much to high. It´s more "proftibale" to buy VTC than mine them for me.
Monocle could bring me back into the game.

I don´t understand why people still are able to mine any scrypt coins with GPU and why coins using alternative algos as
scrypt-n or X11 do not have more followers. Where is all the scypt hash gone ?
Are the rigs shut down already ?

[Kartoffelknilch]

is there a n00b-proof howto? 

I mean:
Do i generate mon just by mining vtc?
Do i have to change smthg on my miners?
Do i need special mining software to mine both?

Yeah, sorry... im a n00b

[ZBBBB]

is there a n00b-proof howto? 

I mean:
Do i generate mon just by mining vtc?
Do i have to change smthg on my miners?
Do i need special mining software to mine both?

Yeah, sorry... im a n00b

+1. A "special" guide would truly be appreciated.

Side note, great work, gotta love this vert team!

[mfedorov]

is there a n00b-proof howto? 

I mean:
Do i generate mon just by mining vtc?
Do i have to change smthg on my miners?
Do i need special mining software to mine both?

Yeah, sorry... im a n00b

YES, you will mine both.
This will only be available for p2pools, no support will be implemented for classic pools by Vertcoin team.
No, same miner software from what I know.

[Kartoffelknilch]

OK...
I am mining alrdy on a p2pool with latest vertminer.

So i just need the "monocle-vertminer"?

Or do i just add a monocle wallet-adress to my vertminer configuration?

Simple things just look complicated if you ask the right questions...

[ivanlabrie]

Following this closely... 

[Lucky_U]

Follow!!

[silencesilence]

we need a step by step book

@BorisTheSpider
questions:
- If I mining just vertcoin will get  Monocle coins ?
- If I mining just a monocle will get Vertcoin coins ?
- If I mining just a monocle, it will increase the difficulty in vertcoin ?

Also what you will advise us

Thanks!

[BorisTheSpider]

Added the following to the OP. Please sign up to the lists if you wish to add MON merged-mining to your public VTC p2pool node, and users/miners please sign up to the second list to get updates in future regarding new MON client releases.

Mailing lists:

These lists will provide notifications for MON client updates, or mining pool software. If you are a p2pool node operator who wishes to add merged mining of MON to your node, please sign up to the pool operators list to receive pool specific notifications such as the merged mining backend, this list will also contain any alerts relating to updates of the MON daemon (so there is no need for node operators to sign up to both lists). Users who do not wish to receive information about the pool-side software, but just alerts relating to MON client updates should sign up to the users/miners list.

Pool operators: http://eepurl.com/TsPOr

Users/Miners: http://eepurl.com/TsP8H

[BorisTheSpider]

we need a step by step book

@BorisTheSpider
questions:
- If I mining just vertcoin will get  Monocle coins ?
- If I mining just a monocle will get Vertcoin coins ?
- If I mining just a monocle, it will increase the difficulty in vertcoin ?

Also what you will advise us

Thanks!

OK, to address all the questions in one, we will shortly be releasing more information about the mining side of MON. The necessary software will be available to operators of public VTC p2pool nodes in the next couple of days, so well in advance of release - please sign up to the mailing list in my post above (and also now added to the OP) if you run a node and wish to add MON, so we can notify you as soon as more information is available.

There will be no centralised (stratum/NOMP) mining solution for MON, and we don't intend to release on ourselves, or assist in it's development - one of the things we like about MON is that it encourages more decentralisation by being merge-mineable only on p2pool, so while we're sure someone will come along and add support to centralised pool software at some point in the future, it's not something we will be doing ourselves.

To the miners:

- Yes, you could mine just MON. You could solomine it, or someone might set up a MON only pool (you can mine it just like any other non merge-mineable chain). None of this would make much sense though, since you could also mine both VTC and MON at the same time, and get the same amount of VTC you would usually get AND also get MON, so mining MON only (and effectively throwing away the VTC you could be mining) wouldn't make any sense.

- There will be no direct effect (just because you're mining MON) on the VTC difficulty or the amount of VTC you mine. If you mine VTC+MON on a p2pool node that implements the code we will be releasing in the next few days, you'll get exactly the same amount of VTC you would have got if MON wasn't being merge-mined on that node, BUT you will also get MON, so the MON is a bonus on top of the VTC you would have mined anyway.

- The mining software is the same as you already use, but if you're mining on a traditional/centralised pool you'll need to move to a p2pool node to get MON, and no matter where you are mining at the moment, you'll need to change your settings so your miner passes both a VTC and a MON address to the pool so it knows how to pay out your MON.

TLDR; Watch the OP, we'll add a list of p2pool nodes who are adding MON, you'll need to add your MON address to the miner configuration, all the info will be added to the OP over the next couple of days.