*** Now tradable on: ***
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Introduction:
Crypto-currencies are the currencies of the future, though in the present day they are mainly used by tech savvy people. In order to be used on a bigger scale they need communities that will bring them to a broader spectrum of people. PlusEVCoin has been created exactly for this reason, to bring the poker community into crypto-currencies. We believe this community is a very strong one filled with smart, independent, energetic individuals who in 2013 alone won over 1.5 billion dollars in live poker tournaments, and you can quadruple that figure if you include on-line tournaments and cash games.
PlusEVCoin is made with the poker economy in mind. The goal for PlusEVCoin is to use it between poker players for settling debts, financing staking deals, paying back for hotels, travel expenses, tournament buy-ins, etc. We would also like for PlusEVCoin to eventually be used outside the poker world too.
PlusEVCoin-QT 1.3.0.0:
The QT app automatically creates PlusEVCoin.conf and has
in-built CPU and GPU miners that require no configuration!
Super easy to get new users interested and have them start mining.
Specification: | Algorithm: | Scrypt |
| Maximum coins: | 520,000,000 |
| Block reward: | 50 PEV |
| Block time: | 60 seconds |
| Subsidy halving: | Never, reward decreases by 0.00002 every block after ~2 years (see FAQ) |
| Difficulty adjust: | Kimoto Gravity Well with Time Travel Exploit fixed |
| Premine: | None, but at first info was spread by word-of-mouth (see FAQ) |
| Ports: | RPC 5252, Mainnet 5253, Testnet 15253 |
| Nodes: | addnode=78.47.152.119
addnode=88.198.191.51
addnode=78.46.72.167 |
| Website: | www.plusevcoin.org |
Some faces:People in crypto community know something is legit by checking and compiling everything by themselves (Trust no one ;). Well, poker players have no time nor skill to do that. One decides to trust something, because of other respectable people who do. Among the poker players who did mine PEVCoin, here are a few well known ones:
Justin Bonomo (
Wiki,
PokerDB), Marcin Horecki (
Team PS,
PokerDB), Faraz Jaka (
Wiki,
PokerDB), Ramzi Jelassi (
PokerDB), Jeff Sarwer (
Wiki,
PokerDB), Matthew Stout (
PokerDB), Johannes Strassmann (
Wiki,
PokerDB), Matt Waxman (
PokerDB), Anton Wigg (
PokerDB). There are some other recognizable players who got into PEVCoin, but they didn't want to be mentioned here because of their sponsorship deal requirements or for privacy reasons.
Current goals: | [Bounty: 5,000 PEV] | Creating mining pools - For now solo mining is working well, but when the difficulty rises the pools are a must. Bounty is for the first pool, it will go down for further pools |
| [Bounty: 2,500 PEV] | Creating a faucet - There are some players, who own quite a lot PEVCoins and some of them definitely wouldn't mind to share a bit. |
| [Bounty: 1,250 PEV] | Creating a block explorer - Straightforward one. |
| [Bounty: 36,000 PEV] | Starting Just-dice equivalent for PlusEVCoin - This is currency for community of gamblers, who always look for +EV spots and are used to huge variance, so this one is self explanatory :) Any other gambling site would be nice too. |
| [Bounty: 5,000+ PEV] | Hosting PlusEVCoin poker tournaments - We have plans for running both on-line and live poker tournaments with the prize pool in PEVCoins. Aside from the bounty we will be adding extra PEVCoins to the prize pool of any of the early tournaments. |
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FAQ:OMG So much blocks already mined, why wasn't this announced on Bitcointalk at launch ?!?!?!!!111eleven!?!Bitcointalk.org is not a global government for crypto, where all the altcoins have to be pre-announced. The whole idea of crypto-currencies is that there is no central unit that controls it - no government, no bank, no corporation, not even this forum :)
PEVCoin's goal is to bring crypto to poker players (and vice-versa). To make it, it had to be mineable with normal home computers and not be attacked by multi-pools, so at first the information was spread among poker players (using PMs, Facebook, Twitter, etc.).
But it's not fair!If you want a "fair" coin (and by "fair" you mean that people who are rich and tech savvy enough to have
this in their basement should get most of it), then there is a new "fair" coin being released every couple days. This one has a different approach/goal. If you like it - please join in, if not - don't.
So why come to Bitcointalk now?We, developers of PlusEVCoin, are a small group of poker players with some IT background and we can only go so far by ourselves. There are certain steps that need to be taken (mentioned above in the Goals section) with which we would like to have some help. Also because of the security reasons this is a moment when we would like some more hashing power in the PEVCoin network. So we now invite the crypto community to join in :)
Why no halving time? (Reward decrease explanation)The halving of the subsidy creates a shock for miners and some other slight problems when it occurs. You can avoid that by gradually decreasing the subsidy. For PEVCoin the plan is that the rewards stays at 50 PEV for about two years (first million blocks) and then decreses by 0.00002 with every block until it reaches reward of 5 PEV after about seven years. Details:
/* Expected block reward values according to approximate block time:
* Genesis block: 50 PEV || Total Volume: 0 PEV
* A year post-launch: 50 PEV || Total Volume: 26,800,000.00 PEV
* 694 days post-launch: 49.99 PEV || Total Volume: 50,000,000.00 PEV
* 2 years post-launch: 48.98 PEV || Total Volume: 52,533,785.60 PEV
* 3 years post-launch: 38.47 PEV || Total Volume: 75,513,017.60 PEV
* 4 years post-launch: 27.95 PEV || Total Volume: 92,967,142.40 PEV
* 5 years post-launch: 17.44 PEV || Total Volume: 104,896,160.00 PEV
* 6 years post-launch: 6.93 PEV || Total Volume: 111,300,070.40 PEV
* 2395 days post-launch: 5.00 PEV || Total Volume: 112,475,000.00 PEV
* Afterwards: 5.00 PEV || Total Volume: 112,475,000.00 + (Height in Blocks - 3.45M)*50 PEV
+EV is a shortcut for Positive Expected Value. A decision (in a poker hand, but also in investing, in life or whatever) is consider +EV if in the long run it brings profit / positive effects in general. Sometimes in the short term bad decisions create profit and good decisions create loss - but nevertheless you should always strive to take +EV actions.
This term is heavily used by poker players. We are all about making +EV plays and avoiding -EV plays.
