j0nn9 (OP)
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June 11, 2014, 12:57:36 AM Last edit: October 13, 2014, 11:20:59 PM by j0nn9 |
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GAPCOIN
The largest, decentralized prime gap search ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgapcoin.org%2Fimg%2Flogo-black.png&t=665&c=xsNLCGQiwxKvyA) Website: gapcoin.orgTwitter: GapcoinSpecifications:- PoW: custom, prime gaps
- Block target time 2.5 minutes
- Block reward proportional to the current difficulty
- Block reward halving every 420000 (about 2 years)
- Cap: about 10 - 30 million GAP
- Difficulty adjusts every block and increases logarithmic (it will probably take years to get to 50)
Fair launch:- Gapcoin was not designed to enrich the early adopters or the coin creators! The more people mine Gapcoin, the more coins per block will be produced. (Coin supply will increase logarithmic with the difficulty, this means it will grow in the beginning, but later, it won't change much.)
- There won't be any premine!
- To avoid instamine, the reward of the first 1152 blocks (about 48 hours) will increase quadratically to its absolute value: the current difficulty. Block reward will be 1/1152^2 * blockheight^2 * difficulty for the first 1152 blocks. This should guarantee that the difficulty is stable until the blocks yield a worthwhile amount of coins.
- Source code will be available before launch (excluding the PoW function), so everyone can setup their own environment, compile the software, and check if everything works.
- Windows and Linux binaries will be distributed in an encrypted container before launch, the password will be revealed at launch.
Launch date: Tue Oct 21 2014 - 18:00 UTC Edit: Website now contains a mailing list. Edit: Reward scheme changed: Block reward halving every 420000 (about 2 years) with about 10 - 30 million GAP. Edit: We have an new and unique logo. Edit: Launch date released Launch thread: https://bitcointalk.org/index.php?topic=822498
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Gapcoin - The largest, decentralized prime gap search
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pozmu
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 12:58:04 AM |
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CPU only, right? Such block reward scheme will probably lead to dumping I'm afraid :/
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reflector
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June 11, 2014, 01:02:41 AM |
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Any estimation for release?
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MsCollec
Legendary
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Activity: 1400
Merit: 1000
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June 11, 2014, 01:04:47 AM |
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Seems interesting.
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j0nn9 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 01:26:32 AM |
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CPU only, right?
Yes Such block reward scheme will probably lead to dumping I'm afraid :/
In the beginning maybe, but once the difficulty has stabilized, the block reward won't change much. Due to the logarithmic difficulty increase, the block reward will only have significant increase at the start. This will effectively avoid instamine!
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Gapcoin - The largest, decentralized prime gap search
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youbob
Member
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Merit: 10
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June 11, 2014, 01:32:37 AM |
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Ok this will be my first coin ever to mine right as it lunches! I can't wait!
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powersup
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 01:35:40 AM |
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Interesting idea. Will you be releasing a whitepaper?
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j0nn9 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 01:45:16 AM |
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Interesting idea. Will you be releasing a whitepaper?
Maybe, but the website covers already the most parts.
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Gapcoin - The largest, decentralized prime gap search
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GreekBitcoin
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getmonero.org
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June 11, 2014, 01:47:48 AM |
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Interesting ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Keeping an eye on it.
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platorin
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June 11, 2014, 10:37:17 AM |
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I wouldn't pass the source code to anyone before start. You should know why.
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naphariel
Newbie
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June 11, 2014, 11:07:34 AM |
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From the website: With Gapcoin, you will be able to anonymously send money...
Anonymously, or "anonymously"? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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powersup
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 11:14:32 AM |
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Interesting idea. Will you be releasing a whitepaper?
Maybe, but the website covers already the most parts. Thanks, Nice read. You guys have done your homework. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) So does this mean the primecoin gpu miner could be ported to this coin. If I understand correctly, you need to find prime numbers to work out prime gaps?
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j0nn9 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 11:42:15 AM |
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I wouldn't pass the source code to anyone before start. You should know why.
Source code will be available before launch ( excluding the PoW function). The hashing part will only contain prototype functions. You won't be able to do anything with it, except checking if you setup your compile environment correctly. Anonymously, or "anonymously"? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Anonymously as in Bitcoin "anonymously" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) So does this mean the primecoin gpu miner could be ported to this coin.
Theoretically yes, but it will be much harder than just copy paste. If I understand correctly, you need to find prime numbers to work out prime gaps?
Yes
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Gapcoin - The largest, decentralized prime gap search
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KIRAZ
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 11:45:42 AM |
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Seems interesting, will keep a watch.
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liutiaoming1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 11:47:21 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVhxcWz5.png&t=665&c=34p8FZaAQ61X7g) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgapcoin.org%2Fimg%2Flogo.png&t=665&c=RernH760ENfRhw) Suggest you update logo
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j0nn9 (OP)
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June 11, 2014, 12:08:18 PM |
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Suggest you update logo
I know its just a template, but there could be a logo contest.
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Gapcoin - The largest, decentralized prime gap search
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tromp
Legendary
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Activity: 989
Merit: 1108
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June 11, 2014, 02:17:47 PM |
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Suggest you update logo
I know its just a template, but there could be a logo contest. You could use this prime-sieve program as a logo: 000100011001100101000110100 000000101100000100100010101 11110111 101001000 11010000 111001101 000000000010110111001110011 11111011110000000011111001 10111000 00010110 0000110110
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reflector
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 02:26:27 PM |
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Suggest you update logo
I know its just a template, but there could be a logo contest. You could use this prime-sieve program as a logo: 000100011001100101000110100 000000101100000100100010101 11110111 101001000 11010000 111001101 000000000010110111001110011 11111011110000000011111001 10111000 00010110 0000110110
That would be pretty cool if it were fancied up a touch.
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Richard213
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June 11, 2014, 02:42:00 PM |
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i will watch this coin ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) CPU? is this CryptoN?
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chiguireitor
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Coins, Games & Miners
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June 12, 2014, 12:17:47 AM |
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Will you be releasing a python PoW too? for P2P Pool... and Javascript would be cool too, so NOMP can include it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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