[KiB] Kibweecoin | Proof-of-Contribution

JE FERME CE TOPIC vu que SuperResistant c'est lançé dans la traduction Française https://bitcointalk.org/index.php?topic=650726.0

https://bitcointalk.org/index.php?topic=642933.0

le dev est français j'espère qu'il prendra le temps de venir nous présenter son truc ici

si jai bien compris y'a un minage classique

mais aussi en + à chaque bloc un reversement de coin supplémentaire à ceux qui possedes des shares

actuellement 1000 shares c 0.1 btc

j'en ai pris 1000 pour voir, car je trouvai le concept un peu nouveau

mais les pro de nxt et autre vont pouvoir nous dire ce qu'il pense de ce concept

Quote from: Kib on June 07, 2014, 07:08:36 AM

Some details for the Today's launch: https://bitcointalk.org/index.php?topic=642933.msg7286530#msg7286530

Kibweecoin

Coming soon, following this thread is following the release.

Introducing the new Proof-of-Contribution

KiB is the first Proof-of-Work/Proof-of-Contribution/Proof-of-Stake coin. The PoS will be activated after the PoW/PoC period, which is expected to last 8 months.

Mining though the Proof-of-Work is about resolving a X11 algorithm. As any PoW system, the block finder win the block reward.
The new Proof-of-Contribution involve no direct mining: every Contributor will earn Coins, in any case, no Contributors will end with a 0 balance.

This new way to earn Coins during the distribution phase (PoW/PoC) do not require any premining from the developers team. Kibweecoin is 0% premined.

The Proof-of-Contribution concept solves a lot of problems than many developers have tried to fix. Unlike CPU mining, or mining though a game, the PoC is immunized against bots or any form of cheat while being fair with all Contributors (100% chance to earn Coins every Roll).

Each Roll, the Contributors sharing a reward.

Kibweecoin is green. Very green. You can turn off your computer and keep receiving the Coins from the PoC: you're a Contributor, your wallet will grow every roll, with you, or without you.

Specifications

Monetary symbol:
Ꝅ
Unicode number: U+A744
HTML-code: Ꝅ

PoW Algorithm: X11
PoC Algorithm: None
PoS Interest: 2% / year

PoW Basic reward per block: 8 KiB
PoW Time target per block: 60 seconds
PoW Distribution: The block finder earn the reward
PoW Difficulty adjustment: Dark Gravity Well
PoW Reward halves: on block 43200 (4 from 8 ), 129600 (2 from 4) and 259200 (1 from 2)
PoW coins to be mined: 1.019.520 KiB

PoC Time target per Roll: every 60 blocks (60 minutes)
PoC basic reward: 472 KiB
PoC Distribution: shared between all Contributors
PoC total coins: 2.718.720 KiB

PoW + PoC total coins: 3.738.240 KiB
PoW/PoC Block maturity: 220 blocks
End of the PoW/PoC period: on block 345600 (target: 8 months)

Transaction confirmations: 6

Bounties / Launch

As the Kibweecoin isn't premined, we won't deliver directly any KiB for your work.
Instead, on the release, we will give Shares as bounty.

Pre-launch Operation

Here the 3 steps of the launch:

Quote

~~1. 10 June: Pre-launch free Shares giveaway~~
~~2. 11-12 June: Kibwee.com release~~
3. 13 June: Source code release

Available Bounties:
- Translations: 72 Shares (3 days of PoC)
- Promoting on other forums/website: between 12-24 Shares (0.5-1 days of PoC)
- MAC/Windows Wallet: 168 Shares (7 days of PoC)
- Fixing the PoC Console English: between 1-48 Shares, depending of the work
- Fixing the English in this thread: between 1-48 Shares, depending of the work
- First Blockchain explorer: 168 Shares (7 days of PoC)
- 2 firsts mining pools: 168 Shares (7 days of PoC)
- Finding bugs on the PoC Console: depend of the work/bug

Translations done (no more bounties):
- Chinese
- Russian
- Greek

Main Links / Social Network

PoC Console: https://www.kibwee.com
Twitter @kibweecoin
Facebook: https://www.facebook.com/profile.php?id=100005694165617
Cryptocoin Talk: https://cryptocointalk.com/topic/12021-14-17-june-kibweecoin-powpocpos-0-premine-new-proof-of-contribution-system/
IRC Freenode: #kibwee

Events Calendar

Pre-launch operation: 10 June.
https://bitcointalk.org/index.php?topic=642933.msg7228425#msg7228425

Kibwee.com: 11-12 June.

Kibweecoin Source Code: 13 June.
Altcoin Calendar: https://www.altcoincalendar.info/coins/536-KiB
Crypto Launch: http://www.cryptolaunch.net/kibweecoin.html

PoC Console Source Code: no date.

Exchanges / Marketplaces (not available yet as the coin isn't released)

Allcoin: https://www.allcoin.com/

Mining Pool (not available yet as the coin isn't released)

http://kib.pool.mn/

0.99% Fee
Dedicated server
DDoS protection

http://kib.hashhot.com/

http://kib.minerpools.com/

Pre-registration open
Dedicated server 512 SSD, 32GB RAM, 8 Core Processor
24/7 support at #minerpools freenode channel
Block finder bonus
1% Fees

http://kib.hashlink.eu

Pre-registration open
1% Fee
PROP Payout system
Dedicated Servers
High performance NODE.js backend with MPOS Frontend

http://kib.coin-miners.info/

Pre-registration open
1% Pool fee
PROP payout system
Stratum with vardiff
Stable SSD Server, DDOS protection
Cashout are processed every minute
Support at #COINMINERS freenode channel

https://becausepool.com/index.php?coin=kib

Single sign on across all the coins featured on the pool.
1% Fee
Proportional Payout

http://kib.ssdpool.com/

0% Pool Fee
PROP payout system
DDoS Protected
Clustered Servers+ VARDIFF
24/7 Monitoring on Stratum
SSD for all servers for best performance

BTCTalk, other languages

Chinese: https://bitcointalk.org/index.php?topic=644272
Russian: https://bitcointalk.org/index.php?topic=646859
Greek: https://bitcointalk.org/index.php?topic=648416

Other links

http://www.coin38.org/forum.php?mod=viewthread&tid=6823 (chinese)

PoC Description (Quick start)

The coin distribution is PoW and PoC, then will turn full PoS.
The PoC isn't build into the wallet but on a dedicated server.
The PoW and PoC work together.
Every 60 Blocks (=1 hour), the PoC receive 472 KiB from the PoW
This 472 reward is only for the Contributors who have Shares.
1 Share cost 0.0001 BTC. The Share max. number is unlimited.
Every Contributors, every 60 Block, will receive KiB based on this formula: Your amount of Shares * (472 / Total Shares). We call this a Roll.
Every Rolls, the Contributors losing 1 Share.
You can turn off/on the Contribution anytime.
It's an alternative to the mining. Peoples who can't mine, can Contribute and receive KiB.
The PoC Console is web based and gonna be open-source on the long term.

PoC Description (Detailed)

1. Proof-of-Contribution Basics

The PoC is PoW dependent: it's the Miners who are creating the PoC Reward.

The magic will occur every 60 blocks: on this special block, instead of sending the reward to the Miners, an higher reward (472 KiB) is send to the PoC Console.
On 60 mined Blocks, the Miners earn Coins only on the 59 firsts (59 * 8 = 472 KiB).

Then the PoC Console will share this reward between all the Contributors.

Here a small paper-scheme showing how it's working:

The Proof-of-Contribution part is pretty Centralized, but still require 0% premining from us. The PoC flow follow the PoW rhythm.

The PoC Console is hosted by a server (kibwee.com), accessible from any device. A robot will spread the Coins every 60 blocks between all the Contributors.

The Console gonna be Open-Source on the long term.

2. PoC Rewards Distribution

All active Contributors are 100% sure to earn KiB on every Roll.
But the distribution isn't equal. Contributor (1) can receive more KiB than Contributor (2).

A Contributor, to be active, require Shares, and the PoC turned On (you turn it off/on anytime).
The PoC Reward isn't split between each Contributors, but between each Shares.
The more Shares you own, the more KiB will be credited on your account.

On a Roll, the Console calculate the value of 1 Share.

The math is simple:
472 / Total Active Shares = 1 Share value.
(example: 472 / 8 = 59)

If you own 3 Shares, you'll receive 3x the Share value:
Your Shares * (472 / Total Active Shares) = Your KiB for this Roll.
(example: 3 * (472 / 8 ) = 177 KiB)

Here the paper example:

3. The Shares mechanics

Why you can't cheat the PoC ? Why multi-accounts, bots, etc ... are going to be inefficient ?

To acquire a Share, you have to buy it.
The price will be fair and accessible to all, the goal for us isn't to extort the Contributors, but to protect the PoC/PoW eco-system and keep the both balanced (read (3.) for more details).
We think 0.0001 BTC (atm $0.065c) per Share is right, making 1 day of Contribution costing 0.0024 BTC.

Every-time a Roll is over, all the active Contributors losing 1 Share (except if your Contribution is turned off).

4. Contributing and Mining, hand-to-hand

We need to keep the PoW and PoC balanced. All Miners will leave the PoW if the PoC is too cheap or if the PoW become not profitable. And all Contributors will leave the PoC if too expensive or not profitable.

Let's summarize !
Mining require:
- Hardware (-$)
- Electricity (-$)
- Find the 'best' mining pool (-time)
- Check if the Mining is profitable and turn off/on miners in consequent (-time)
- Find the best setup (-time)
- Occasional maintenance (-time)

Contribution require:
- Shares (-$)
- Check if the Contribution is profitable and turn off/on PoC in consequent (-time)

Both, PoW and PoC, require management to reach the ROI.

We want the PoC easy, secure against bots, very green, and to be the best distribution system, while not overkilling the PoW.