[ANN][GRE] GreenCoin | On Bittrex now!

[ncsupanda]

Goals: Set up a Carbon exchange using GreenCoin as the trading Medium. GreenCoin is paid to producers on a daily basis for offsetting Carbon - this directly ties a Carbon value to each individual GreenCoin, and is found on www.grcoin.com.

The coins for those payoffs come from GreenCoin's splitting algorithm, which sends 50% of every block to a central address, GZdib7W1cxd2VaEfYAw4ppe6dXhkhbScE2, which is then sent automatically to verified renewable energy producers at the end of each business day.

Milestones: Within a months time, we aim to be listed on Bittrex (currently raising money to pay for their sponsorship), and will also be having a major website overhaul, including an automated producer signup, with earned values of GreenCoin over time, converted to Carbon and calculated Carbon offsets.

Underdevelopment:
-Discussions with new producers, including North Carolina State University (NCSU) about their Sustainability project and tying in GreenCoin as an incentive.
-More wallet development
-Being added to Bittrex - SOON.

Donation Address for Developer:
Gh4JEosjiCGv4rcyhvyVN4Ruow7Nbf9tpf

For the future:
-A number of Carbon Merchants where GRE can be spent on everyday items.
-A Carbon market featured on GreenCoin.info, where users can buy and sell Carbon - GRE will be traded in the background, but opening up to a wider market will cause the GreenCoin price to be completely reflective of Carbon, and thus will reflect a true open market price for carbon.

Website: www.grcoin.com
To read about the project in much greater detail feel free to check out the abstract.
Abstract_v1.0.pdf.

Link to Wallets:
Windows
https://mega.co.nz/#!gNABTRya!E9ONhy1RiDjV4SKgUPoVtZfuZY7agx7QK3bQY0TNfxM
Mac
https://mega.co.nz/#!GsB2Rb7B!azbUC_uPMzn0VtVH_h5ZAm_3eIO_VVBmNmQCVcn_uRY
Linux
https://mega.co.nz/#!gBAk0QYA!jNdSgzgWJ6_zA42Ebfr3bZzJawXg2y1olylcHSVKMYU

Code:

chmod +x greencoin-qt

to run.

Link to Source Code:
https://github.com/greencoindev/greencoin
https://github.com/greencoindev/GRE-Stratum-Mining

Twitter:
@GoGreenCoin - https://twitter.com/GoGreenCoin

Forum:
https://cryptocointalk.com/forum/1682-greencoin-gre/

Coin Specs:
Scrypt, Secure and Open Source
Total coins: 10,000,000,000 (ten billion)
Block Time: 60 seconds target (approximately)
Initial coins per block: 2,000
Coins per block awarded to miners: 1,000 (50%)
Coins per block awarded to Foundation: 1,000 (50%)
Halving rate: 2,500,000 blocks (about 5 years)
Difficulty Retarget: Every 30 minutes
Confirmations on Transactions: 5 (about  5 minutes)
Confirmations on Mined Blocks: 60 (about  1 hour)
Ports: P2P 11036, RPC 21036

greencoin.conf

Code:

rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=21036
server=1
daemon=1
listen=1
addnode=168.63.241.137
addnode=76.120.208.5
addnode=109.155.62.64
addnode=178.62.224.174
addnode=211.99.134.28

Coin Assets
Exchanges
 https://www.allcoin.com/trade/GRE_BTC
https://bittrex.com/Market/?MarketName=BTC-GRE

-Current Pools [GRE Bounty]
http://bemining.net/ (Newest, thank you for the add)
http://simpledoge.com/
http://myriad.p2pool.geek.nz/home

-Block Explorers [GRE Bounty]
 http://explorer.cryptoblox.com/chain/GreenCoin

Official IRC:
#greencoin (on freenode)

Contacts:
ncsupanda - Technical Contact
biodieselchris - Producers / Energy Contact

GreenCoin One-Pager:

Feel free to ask any and all questions below. We look forward to all feedback and inquiries!

Note: This is NOT a self-moderated topic. Don't even know why Bitcointalk has those.

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[Bumberchute]

LOL, something called GreenCoin that uses the least energy-efficient algorithm 

[ncsupanda]

LOL, something called GreenCoin that uses the least energy-efficient algorithm 

We felt that being more simple would be better for the longevity of the coin.

[IMJim]

Love SolarCoin, hope this one will do well too.  We just got a large solar system installed on our home:-)  Sent message to "biodieselchris" as instructed in thread.

[ncsupanda]

Love SolarCoin, hope this one will do well too.  We just got a large solar system installed on our home:-)  Sent message to "biodieselchris" as instructed in thread.

That sounds awesome - you are the definition of the producer we want GreenCoin to support. I'm sure he'll get back to you soon, and thank you!

[biodieselchris]

Howdy all - Let's rock this global carbon problem!

[IMJim]

Yep, he's on it.....replied in less than 2 minutes:-)

Love the coins with good intentions like this one.....hope it see MUCH success!

[ncsupanda]

Just a bump to the top - Hoping to gauge interest. Thanks everyone

[tylerderden]

how about x11 and pos if your so concerned about the environment?

[pakole69]

why that huge ammount of coins?

1 satoshi coin spotted...

[ncsupanda]

how about x11 and pos if your so concerned about the environment?

From research, you see that roughly 25% of the Carbon in the environment comes from electricity. Arguing that the amount of electricity in mining is what's causing the problem we are trying to fix seems to be a bad stance on our end. What do you think?

[ncsupanda]

why that huge ammount of coins?

1 satoshi coin spotted...

You'll notice that it is over a LONG period of time - not even 1 Billion coins, or 10%, in the first year.

Can you give me a reason to think we should lower the amount? My ears are wide open. Thanks!

[FalconCrypto]

I will set up a mining pool for this coin.

[CryptoGretzky]

why that huge ammount of coins?

1 satoshi coin spotted...

Probably destined for LTC market... not even in the BTC market.

Scrypt ASIC will also totally destroy this coin.

[ncsupanda]

I will set up a mining pool for this coin.

Please PM me. We can set this up as we move forward.

[ncsupanda]

why that huge ammount of coins?

1 satoshi coin spotted...

Probably destined for LTC market... not even in the BTC market.

Scrypt ASIC will also totally destroy this coin.

ASICs will also destroy Bitcoin. The end is near!

But really, I don't understand the logic, since the coin has two valuations - It isn't based strictly on mining, due to the producer side. Can you go into more detail? Appreciate it. 

[komodovpn]

I would mine this if it were x11 or x13. Another reason you may want to reconsider the algo is simply the interest you will receive from miners. With summer just around the block, most people would not want to continue mining Scrypt due to power and heat issues. I personally have stopped mining Scrypt completely, even if it is less profitable, just to offset the power consumption and heat generated from GPUs.

[ncsupanda]

I would mine this if it were x11 or x13. Another reason you may want to reconsider the algo is simply the interest you will receive from miners. With summer just around the block, most people would not want to continue mining Scrypt due to power and heat issues. I personally have stopped mining Scrypt completely, even if it is less profitable, just to offset the power consumption and heat generated from GPUs.

Hmmm. This is a good point - something for me to look into. Since we have several days, is there anyone that can give more feedback on this? I've personally only ever GPU mined Scrypt and ASIC mined Bitcoin - X11 and X13 are things we aren't too aware of.

[Bumberchute]

X13 or NIST5 would be much much better than scrypt. I would mine if it was one of those. This is because scrypt gpu mining takes roughly twice as much power to mine as these newer algorithms. They are just as easy to mine with GPU as scrypt, but since there aren't ASICs for these algos yet, the GPU miners can still find good profit with X13 or NIST5.

[workminer]

scrypt,out of date