[INF8] Infinium-8. Privacy-centric & CPU-mining

https://i.imgur.com/iHAIfkv.png

LAUNCHED 7/18/2014 12:00 UTC
CryptoNote-based digital currency

Infinium-8 (INF8) is a new privacy-centric coin using the CryptoNote protocol.
The open source reference implementation of CryptoNote was coded from scratch based on the CryptoNote reference implementation, and is not a fork of Bitcoin.

Infinium-8 aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of anonymity than Bitcoin or any of its various forks.

Features

Untraceable payments
Unlinkable transactions
Blockchain analysis resistance
Adaptive parameters

Details in the CryptoNote white paper

Specifications

PoW algorithm: CryptoNight [1]
Max supply: Infinite
Block reward: increasing with difficulty growth [2]
Block time: 90 seconds
Difficulty: Retargets at every block

[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Deflation is a very serious problem for all cryptocoins because it prevents them from being used as payment mean. For most coins block reward decreases in time and this increases deflation rate. For PPC- derived coins (PrimeCoin etc) the problem is even worse as soon as they offer difficulty-based block reward formula that makes block reward inversly proportional to difficulty (i.e. difficulty goes up and block reward goes down). Both practices are counterproductive.
Infinium-8 s the cryptocoin with blockreward increasing together with difficulty.
Block reward formula is a fixed point implementation of log₂(difficulty). This means that block reward increases much slower than difficulty: for 1 coin to be added to block reward a difficulty must be increased twice. This rate looks to be reasonable
Block_reward = log₂(difficulty) * 2^40

Downloads

How to start mining

1. Download or compile binaries

2. Start infiniumd

3. Wait until network is synchronized. You will be notified with "SYNCHRONIZED OK" message

4. Run simplewallet

5. Create a new wallet or open the existing one

6. Type start_mining %number_of_threads%.
Example: start_mining 3

6.* You can start mining from the daemon with start_mining %wallet_address% %number_of_threads% command.
Example: start_mining inf8U2kpouwiAr2cMLHsTqVijc 6

Pools

Xmining Mining Pool http://infinium.xminingpool.com

- Only 1% commission;
- Most stable and powerful servers;
- Fast and responsive support;
- Based on the updated node-cryptonote-pool

Extreme Pool http://inf8.extremepool.org

- 1% fee
- Fast Payouts directly to your private wallet.
- Address Validation
- Variable Difficulty based on your individual CPU performance
- Verified Secure
- Servers hosted in our own Data Center, not hosted by an online 3rd party provider

Yaymining Pool https://yaymining.com/infinium/

- Total Pool Fee: 1%

Exchanges

Alt2Bit - https://www.alt2bit.com

Vote - https://askcoin.net/votes

Translations

Chinese http://www.btclt.cn/group-823-1.html

References

https://cryptonote.org/news/2014/7/30/infinium-8-has-joined-the-cryptonote-family

https://cryptonote.org/coins.php

https://forum.cryptonote.org/viewtopic.php?f=6&t=242