[RELEASE] Liquidcoin (Speculation based)

[Nicksasa]

First of all, this coin is in no way aiming to replace bitcoin. It was designed for speculation only.
It is based on Tenebrix, wich means it's using the CPU friendly hashing algorithm.
Unique Features

• Fixed difficulty (0.05)
• Block reward reduces 4% every 1000 blocks, it does not increase ever. Minimum block reward is 1LQC
• Because of it's fixed difficulty, transactions will never be slow
• No pre mined coins

Liquidcoin's block reward will reach 10LQC after ~40.000 blocks.

Without further BS, http://www.mediafire.com/?hv0e5qjlgkpzlzb (19/01/2011 11:42 (GMT+1) - windows client + daemon)
https://github.com/nicksasa/Liquidcoin
#liquidcoin on irc.freenode.net
http://liquidcoin.org For latest releases.
If your having problems sending coins, make sure you have the latest version.

[Snapman]

Ill give it a shot, always fun being an early adopter

[drakahn]

what is the .conf filename?

[Snapman]

liquidcoin.conf

[drakahn]

Liquidcoin's block reward will reach 10LQC after ~40.000 blocks.

what is the block reward now?

and has anyone gotten a block?

[drakahn]

i got a block, yay 

50 LQC's

[drakahn]

some people we're having trouble with the zip being corrupted, so i reuploaded it to mediafire http://www.mediafire.com/?1qvdgmcmlqs8axt

[Snapman]

i didnt have any problems with the release package

[drakahn]

i didnt have any problems with the release package

neither did i, hence why i could upload it, but others have, i would guess it is the fault of their isp's

[Come-from-Beyond]

• Fixed difficulty (0.05)
• Because of it's fixed difficulty, transactions will never be slow

Fixed difficulty means that with a lot of miners we could reach 1 block/second rate and even faster, doesn't it?

"Slow" is quite relative. Do u have exact numbers?

[caish5]

Has anyone been able to build this under ubuntu.
I'm getting errors like this....
/usr/bin/ld: cannot find -lgdi32
collect2: ld returned 1 exit status
make: *** [liquidcoin] Error 1

[Maged]

• Fixed difficulty (0.05)
• Because of it's fixed difficulty, transactions will never be slow

Fixed difficulty means that with a lot of miners we could reach 1 block/second rate and even faster, doesn't it?

"Slow" is quite relative. Do u have exact numbers?

It also means that there will only ever be one pool. Once you get below 1 block every 3 seconds, latency becomes an overwhelming factor.

This failed before it even started.

[Come-from-Beyond]

Agree. That's why I asked the question.

[drakahn]

seems made to be solo mined, kind of anti pool (almost)

[coblee]

To put it in perspective with Litecoin... Litecoin currently has a difficulty of 1.14442 and the block times are 2.5 minutes. If Liquidcoin gets popular and has as much hashrate as Litecoin right now (33 mhash/s), with a difficulty of 0.05, a block will be found every 6.5 seconds.

[drakahn]

i support this coin, or at least, i want to see it get a good chance, i want the only reason it fails to be its own fault

also, liquid(coin) is not solid(coin)

[mmavipc]

25 kh/s, how long will it take to mine a block?

[Red Emerald]

Fixed difficulty? lol

Why so many trollcoins being announced?

[Come-from-Beyond]

25 kh/s, how long will it take to mine a block?

Let's count together...

Difficulty 0.05 means that in average u need to go thru 65536 / 0.05 = 1310720 hashes. With 25 kh/s it should take 1310720 / 25000 = 52.4288 seconds.

Could anyone verify my calculations, plz?

[kronosvl]

25 kh/s, how long will it take to mine a block?

Let's count together...

Difficulty 0.05 means that in average u need to go thru 65536 / 0.05 = 1310720 hashes. With 25 kh/s it should take 1310720 / 25000 = 52.4288 seconds.

Could anyone verify my calculations, plz?

isn't 2^32 * 0.05 / 25000 = 8589 (2h 23 min) ?