[ANN][1CR] 1CRedit Coin Relaunch

[olkah]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

[dnaleor]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

not necessarily new wallets. You will be able to mine with "setgenerate true" inside the current GUI wallet.
New pool software is needed indeed. But Cryptonight is very CPU friendly.

It can be mined with GPU as well. But there is already some cryptonight GPU mining software. I expect it's not that hard to change the current existing pool and GPU mining software for the current cryptonight coins to a version for 1CR.

Nothing is decided yet. I will be looking into how much work it'll take.

[olkah]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

not necessarily new wallets. You will be able to mine with "setgenerate true" inside the current GUI wallet.
New pool software is needed indeed. But Cryptonight is very CPU friendly.

It can be mined with GPU as well. But there is already some cryptonight GPU mining software. I expect it's not that hard to change the current existing pool and GPU mining software for the current cryptonight coins to a version for 1CR.

Nothing is decided yet. I will be looking into how much work it'll take.

Cryptonight, I think this is very very bad as no one miner will want to burn the CPU at the computer !

[SmallVern]

I'm all for changing the algo, but we have to get in touch with some of the founders of the coin, right? I'm willing to put in money too to pay a developer for a hardfork. Once the 1CR blockchain is stabilized, we're prepared to start competing with the other gaming coins.

We'll be aggressive in gaining traction.

[dnaleor]

I'm all for changing the algo, but we have to get in touch with some of the founders of the coin, right? I'm willing to put in money too to pay a developer for a hardfork. Once the 1CR blockchain is stabilized, we're prepared to start competing with the other gaming coins.

We'll be aggressive in gaining traction.

the main dev pretty much left. So there isn't anyone doing anything except people who are here, on IRC or on the slack.
I am estimating that our active community maybe has 10 at max

so if others are following this coin and maybe invested a bit, please speak up so we can hear your opinions as well.

the part about "putting money in" isn't even necessary yet. Maybe I'll succeed in doing it on my own with some help of some friends. If not, I will need to pay someone. But I already made some decent profits with 1CR, so I am willing to invest some of that for the switching of the algo.

[dnaleor]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

not necessarily new wallets. You will be able to mine with "setgenerate true" inside the current GUI wallet.
New pool software is needed indeed. But Cryptonight is very CPU friendly.

It can be mined with GPU as well. But there is already some cryptonight GPU mining software. I expect it's not that hard to change the current existing pool and GPU mining software for the current cryptonight coins to a version for 1CR.

Nothing is decided yet. I will be looking into how much work it'll take.

Cryptonight, I think this is very very bad as no one miner will want to burn the CPU at the computer !

But as it's also possible to do it with GPU, I don't really think it'll be an issue. People will for sure mine if it's profitable, and if not worst case scenario is only users will mine using their GUI client when they want their transaction to go through.

[olkah]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

not necessarily new wallets. You will be able to mine with "setgenerate true" inside the current GUI wallet.
New pool software is needed indeed. But Cryptonight is very CPU friendly.

It can be mined with GPU as well. But there is already some cryptonight GPU mining software. I expect it's not that hard to change the current existing pool and GPU mining software for the current cryptonight coins to a version for 1CR.

Nothing is decided yet. I will be looking into how much work it'll take.

Cryptonight, I think this is very very bad as no one miner will want to burn the CPU at the computer !

But as it's also possible to do it with GPU, I don't really think it'll be an issue. People will for sure mine if it's profitable, and if not worst case scenario is only users will mine using their GUI client when they want their transaction to go through.

What if you switch it to X11 algorithm

[dnaleor]

we can't just set a maximum difficulty. That would give ASICs the possibility to mine a lot of coins constantly.
The goal of difficulty is to adjust it so that the emission plan is followed. In the case of 1CR that's 1 credit per 512 seconds.

The only long term solution that I can see is changing the PoW algo

PoW algo the best is sha256 Quark QuBit.And accordingly, need new wallets and pools.!!!!

not necessarily new wallets. You will be able to mine with "setgenerate true" inside the current GUI wallet.
New pool software is needed indeed. But Cryptonight is very CPU friendly.

It can be mined with GPU as well. But there is already some cryptonight GPU mining software. I expect it's not that hard to change the current existing pool and GPU mining software for the current cryptonight coins to a version for 1CR.

Nothing is decided yet. I will be looking into how much work it'll take.

Cryptonight, I think this is very very bad as no one miner will want to burn the CPU at the computer !

But as it's also possible to do it with GPU, I don't really think it'll be an issue. People will for sure mine if it's profitable, and if not worst case scenario is only users will mine using their GUI client when they want their transaction to go through.

What if you switch it to X11 algorithm

there are already ASICs for X11.

[SmallVern]

Are you able to change the algo yourself (or someone else without one of the earlier dev's permission?)

Also, do you also have access to the source? I've reached out to a mining pool owner, and he needs our source to link up 1CR to mining, although we probably would want to wait until we've switched algos.

Furthermore, dnaleor, I want to extend a HUGE thank you to all the back-end work that you're doing. I can imagine that that work sometimes goes unappreciated, but I'm very thankful and I'm sure that everyone else is as well. I recognize the work you're doing (a lot of the technical stuff goes over my head, but I'm reading books to learn!) and it's really helping to add strong and steady value to the 1CR project. Keep it up, you're making us all extremely proud and amazed.

[dnaleor]

Are you able to change the algo yourself (or someone else without one of the earlier dev's permission?)

Also, do you also have access to the source? I've reached out to a mining pool owner, and he needs our source to link up 1CR to mining, although we probably would want to wait until we've switched algos.

Furthermore, dnaleor, I want to extend a HUGE thank you to all the back-end work that you're doing. I can imagine that that work sometimes goes unappreciated, but I'm very thankful and I'm sure that everyone else is as well. I recognize the work you're doing (a lot of the technical stuff goes over my head, but I'm reading books to learn!) and it's really helping to add strong and steady value to the 1CR project. Keep it up, you're making us all extremely proud and amazed.

wait wait... I am in no way experienced in developping a coin. I can read code and code a bit. I will try to accomplish this, but I'm far from sure I'll be able to do it by myself

the source can be found here: https://github.com/1credit/1credit
Waiting for algo switch isn't necessary because that can still take weeks or even months to finish.
Adding new pools and miners now will help the current network with current algo.

and again, there aren't any developers for 1CR currently, so we don't need to ask permission to anyone.

[George5]

Thanks a lot guys for your efforts! Keep up the good work. Hopefully the community alltogether will make 1Credit thrive

[welshy9]

if yoiu need a pool guys give me a shout

[SmallVern]

It would be awesome if we could get a pool set up! I believe the source for 1CR is here: https://github.com/1credit/1credit

[Pamadar]

It would be awesome if we could get a pool set up! I believe the source for 1CR is here: https://github.com/1credit/1credit

yes mate so we can mine the coin and try to earn some coin, thanks in advance.

[loutchano]

Pool 1CR

http://mineblocks.eu

[SmallVern]

So we're up in that mining pool?

[olkah]

So we're up in that mining pool?

2 days dripped and dripped coin 0 coins

[olkah]

Are you able to change the algo yourself (or someone else without one of the earlier dev's permission?)

Also, do you also have access to the source? I've reached out to a mining pool owner, and he needs our source to link up 1CR to mining, although we probably would want to wait until we've switched algos.

Furthermore, dnaleor, I want to extend a HUGE thank you to all the back-end work that you're doing. I can imagine that that work sometimes goes unappreciated, but I'm very thankful and I'm sure that everyone else is as well. I recognize the work you're doing (a lot of the technical stuff goes over my head, but I'm reading books to learn!) and it's really helping to add strong and steady value to the 1CR project. Keep it up, you're making us all extremely proud and amazed.

wait wait... I am in no way experienced in developping a coin. I can read code and code a bit. I will try to accomplish this, but I'm far from sure I'll be able to do it by myself

the source can be found here: https://github.com/1credit/1credit
Waiting for algo switch isn't necessary because that can still take weeks or even months to finish.
Adding new pools and miners now will help the current network with current algo.

and again, there aren't any developers for 1CR currently, so we don't need to ask permission to anyone.

transaction 2 day 0 !!! http://prntscr.com/cnlnub

[hardcoreprime]

I just want to point out that the website address located on coinmarketcap is pointing to the old url...
http://coinmarketcap.com/currencies/1credit/#social

[SmallVern]

Thanks for the heads up! I've submitted an order to Coinmarketcap to fix that. They're very responsive.