[ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl | Charity

[AidBit]

Release date: 11PM EST, 18th July 2014 / No premine*

Crypto-currency Information
It seems that in the last few years crypto-currency industry lost its way. It is becoming more and more distant from its main audience, more and more centralized and self-sufficient. Premines, instamines, silent launches and greed are plaguing digital currencies from the very beginnings.

Why AidBit? We will put all our efforts into bringing the digital currency back to its roots, back to the original idea and back to the people. We rethought everything, from intelligent installer, energy efficient ASIC resistant encryption algorithm, through to self-adjusting block reward system. We’ve created automatic user friendly mining control software and built it directly into the Windows wallet. And this is only the beginning...

With its humanitarian notion, AidBit will go one step further. 10% of every block reward will go to a special charity account. Even if you don’t make millions, you will help making the world a better place. And this is the basic idea behind the humanitarian part of AidBit. In time, AidBit will expand its humanitarian endeavors by joining various humanitarian organizations and providing them with support and with new means of funding.

Specifications

• Hybrid POW/POS design
• Secure and energy efficient encryption algorithm (Groestl) – 50% less energy consumption, 30% lower temperature
• Efficient CPU/GPU mining
• Difficulty based block reward according to: ceil(8 * dDiff / (525600 + nHeight) * 525600)
  Block reward scaling factor on 12 month periods
• Block generation: 1 minute
• 10% of each block reward goes to a special charity account
• No premine* (3% of each block reward goes to developers) – To provide stable backbone on launch, (pools, block explorers, website integration, etc...), due to the system's design, a few hours premine at diff 1 may be necessary. Every coin premined will go to charity.
• Stake minimum age: 7 days
• Stake annual interest: (1st year: 20%, 2nd year: 10%, 3d year: 5%, from 4th year: 3%)

_________________________________________________             Wallet* Intelligent installer + Uninstalls previous version + Blockchain pre-loading + Blockchain repair + Prepares the system environment and mining tools     + Allows installing with or without elevated privileges Easy-to-use automatic mining control system: + Automatic detection of system hardware + One click mining + Automatic mining software fallback control + Pool randomization New version notification and external pool control

Website:
www.aidbit.net

Social Networks:
Facebook Community Page
Follow us on Twitter
Reddit
Chinese QQ group: 218602035

Downloads: *New!
http://www.aidbit.net/download

Linux Source code: *New!
https://github.com/AidBit/aidbit


Standalone CPU/GPU Miners:

CPU-Miner for Groestl algorithm

SPH-Sgminer fork for Groestl algorithm

ccMiner for NVidia cards (Windows binary)

ccMiner for NVidia cards (Source code)

CPU miner for pools (source code)

Code:

CPU: ./minerd -a groestl -o stratum+tcp://pool.url:port -u Your.AidBit.Address -p x

GPU: ./sgminer -I 19 -g 4 -w 64 -k groestlcoin --difficulty-multiplier 0.00390625 --no-submit-stale -o stratum+tcp://pool.url:port -u Your.AidBit.Address -p x

Code:

#aidbit.conf
listen=1
daemon=1
server=1
rpcuser=user
rpcpassword=password
rpcport=18882
rpcallowip=127.0.0.1

Block Explorers
http://columbus.aidbit.net

Pools:

Official:
felix.aidbit.net:3032
maya.aidbit.net:3032
kei.aidbit.net:3032    *Down for maintenance

Third Party:
aid.cryptowins.com   


P2P:
aid.altmine.net
aid.cryptowins.com:14715
p2poolcoin.com:14715 - Europe
ca.p2poolcoin.com:14715 - Canada

P2Pools Public Nodes

Exchanges:
C-Cex
Coin-Swap

Please post requests to Cryptsy and Poloniex to help us get accepted:
https://cryptsy.freshdesk.com/support/tickets/new
https://poloniex.com/coinRequest

Other tools
Coming Soon...

Media Information
Coming Soon...

[1714685124]

1714685124

[1714685124]

1714685124

[BTMan]

Just Premine 3%

[cdj27]

Just Premine 3%

why  Just Premine 3%

[altcoinherald]

Your coin has been added to the Altcoin launch calendar.

http://altcoinherald.com/xwxg

We'll keep posted for developments with your coin!

[AidBit]

Just Premine 3%

It sure would be easier, but we really don't like the idea on so many levels.

[AidBit]

Your coin has been added to the Altcoin launch calendar.

http://altcoinherald.com/xwxg

We'll keep posted for developments with your coin!

Thank you!

[AidBit]

Hi all,

We would like to inform you about adding AID coin to the Voting List on modern exchange AskCoin.Net:




Make sure to follow us on Twitter,

AskCoin.Net Team

Great, thank you!

[evoked22]

This seems pretty fresh! Good work. Keep pushing forward

P.S What are your plans for keeping the premine transparent so that your claim for donating it all to charity is kept not only on the words basis?

Cheers

[AidBit]

This seems pretty fresh! Good work. Keep pushing forward

P.S What are your plans for keeping the premine transparent so that your claim for donating it all to charity is kept not only on the words basis?

Cheers

Actually, the premine will be next to non-existent. We will try to make the "running-in" period as short as possible. Maybe even implement lower reward for first couple of days. Regarding the money created, everything will be transferred to the main public charity account. And because reward is difficulty based, there is nothing to worry about, since we will not exceed diff 1.

The plan is to make live web monitor for charity funds, where every transaction, being direct funding of humanitarian organizations in AID or exchange to US$ and later money orders, will be followed and described in detail.

Thanks for your questions and support.

[evoked22]

This seems pretty fresh! Good work. Keep pushing forward

P.S What are your plans for keeping the premine transparent so that your claim for donating it all to charity is kept not only on the words basis?

Cheers

Actually, the premine will be next to non-existent. We will try to make the "running-in" period as short as possible. Maybe even implement lower reward for first couple of days. Regarding the money created, everything will be transferred to the main public charity account. And because reward is difficulty based, there is nothing to worry about, since we will not exceed diff 1.

The plan is to make live web monitor for charity funds, where every transaction, being direct funding of humanitarian organizations in AID or exchange to US$ and later money orders, will be followed and described in detail.

Thanks for your questions and support.

Thanks mate. I appreciate the informative response

Will keep an eye on this. Cheers

[coke15]

hi

transparence  dev

10+3%   what a huge %%  :/


what special charity?  name etc.....

thanks

[AidBit]

hi

transparence  dev

10+3%   what a huge %%  :/


what special charity?  name etc.....

thanks

We've given much thought to the subject and transparency will be our highest priority. At launch we will open two »public« accounts, a special charity account, and a foundation account.  We will implement live web monitor – a special website for tracking all charity funds, transactions and projects. We understand your concern and we will do our best to make everything as transparent as possible.

Thank you

[coke15]

hi

yep  good vision

[vger888]

Hey guys, I'll be answering all the technical questions concerning AidBit.

FYI, the intro web site has just been activated.

Cheers

V.

[retweetnld]

Like the groestl algo, but that premine....c'mon son! 

[vger888]

Like the groestl algo, but that premine....c'mon son! 

Not sure what premine are you talking about? We will have max 2 days running-in period with limited resources - to keep the diff low.
There will be 0 premine. Few coins created during running-in period will be transferred to charity account. Charity (10%) and dev (3%) contributions will be created gradually, block by block. This design did complicate lots of low level stuff, but premine was out of the question from the start.

[Yurches]

Maybe dev - 1% ?

[retweetnld]

Like the groestl algo, but that premine....c'mon son! 

Not sure what premine are you talking about? We will have max 2 days running-in period with limited resources - to keep the diff low.
There will be 0 premine. Few coins created during running-in period will be transferred to charity account. Charity (10%) and dev (3%) contributions will be created gradually, block by block. This design did complicate lots of low level stuff, but premine was out of the question from the start.

My bad about that pre mine thingy. But 13% of total going to some kind of charity' seems a bit high and gives me the chills.
We will just have to wait and see i guess. Wish you guys a lot of succes though. Cheers!

[AidBit]

Maybe dev - 1% ?

Well, we really think that 3% is quite a reasonable amount. Please don't forget that this is not a premine.

Cheers

[AidBit]

Like the groestl algo, but that premine....c'mon son! 

Not sure what premine are you talking about? We will have max 2 days running-in period with limited resources - to keep the diff low.
There will be 0 premine. Few coins created during running-in period will be transferred to charity account. Charity (10%) and dev (3%) contributions will be created gradually, block by block. This design did complicate lots of low level stuff, but premine was out of the question from the start.

My bad about that pre mine thingy. But 13% of total going to some kind of charity' seems a bit high and gives me the chills.
We will just have to wait and see i guess. Wish you guys a lot of succes though. Cheers!

We will really do our best to make all our charity operations as transparent as possible. Thank you so much for your support!