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Author Topic: [ANN][ELITE] EliteCoin - Only 20k ELC! - NO PREMINE! X11 POW+POS - *BITTREX!*  (Read 79531 times)
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EliteCoin
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July 20, 2014, 11:34:33 PM
Last edit: July 26, 2014, 12:06:42 AM by EliteCoin
 #1

UPDATES! First shop accepting ELITE this 1st of August.
Read this post and give us your opinion:

https://bitcointalk.org/index.php?topic=702757.msg8010142#msg8010142

WALLET UPDATE! OPTIONAL. SEE THIS POST:
https://bitcointalk.org/index.php?topic=702757.msg7997941#msg7997941

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FwEM856x.png&t=542&c=RJNNOo3pLShmrg

EliteCoin - LAUNCHED!


https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FlvwNCvk.png&t=542&c=9DxU-R8xBVWzeA

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FRU3x9Se.png&t=542&c=c5flV6xWjegl-w
EliteCoin is a rare X11 (PoW & PoS) coin developed by a team of 3 members, who wanted to launch a fair coin. Most altcoins have at least 1% premine, or a donation address, and almost always, the coin dies as soon as it hits an exchange. Why? Because the premine is sold and then the dev dissapear.
EliteCoin will be mined in about 14 days, and there will be only 20000 ELC in circulation (from PoW). After the mining phase is completed, you will be able to earn 5% interest from PoS.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FZYbN7nk.png&t=542&c=1_pwEFpGCmrhqw
We want EliteCoin to be valuable. We are looking for shops who wants to accept EliteCoin for services or products. We are willing to invest our own money. Please, contact us.
We will be also working hard this week, to implement anon. transactions as soon as possible.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FnsFZb9U.png&t=542&c=WGNYb92xCXBdUQ
Algorithm: X11 PoW & PoS
Acronym: ELC
PoW Coins: 20000 ELC
Blocks: 20000
Block Time: 60 seconds
Block Maturity: 120 confirmations
Diff retarget: every block.
Premine: 0%.
Block Reward: 1 ELC

PoS starts once PoW is finished.
Min PoS age: 12 hours.
Max PoS age: 15 days.
Interest: 5%

Maximum possible coins (PoW & PoS): 50000 ELC.

RPC Port: 14800
P2P Port: 14801

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FmFNNDCV.png&t=542&c=IMvCdRLhl5tscA
Code:
rpcuser=
rpcpassword=
rpcallowip=127.0.0.1
rpcport=14800
server=1
listen=1
daemon=1

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FzadkP8e.png&t=542&c=QBdgb6UKC2zbDQ
- WINDOWS: https://mega.co.nz/#!TMRSiQ7S!7Pvtqz9zSJHxtRaQmt0vkYx9pWuL74V9rqqoejV8C8I
- MAC: https://mega.co.nz/#!IVBFjLRZ!uBLGQmlDgod6Mlyi4KDP7yXy9Rga3nQWJ0BVZCscewE (thanks cecilbdemented!)
- SOURCE: https://github.com/elitecoindevs/elitecoin

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FGKcKz1Q.png&t=542&c=8kavvZag5HCMKA
- HASHHOT: http://elc.hashhot.com  
- CrypTODAY: http://elite.cryptoday.info/index.php?page=register
- Geilidao: http://elc.geilidao.com/
- MinerPools: http://elc.minerpools.com/
- HashHarder: http://www.hashharder.com/x11/elitecoin
- X11-X13-Pool: http://x11-x13-pool.org/elitecoin
- SUPRNOVA: https://elite.suprnova.cc/
- SuchPOOL: http://suchpool.pw/elc
- DedicatedPool: http://elc.v2.dedicatedpool.com/
- Pool.mn: http://elt.pool.mn/
- XHASH: http://xhash.net/
- FlashMine: http://www.flash-mine.com/
- IPOMiner: https://www.ipominer.com/
- GameOfCoins: http://www.gameofcoins.net/


https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FKasvNfF.png&t=542&c=toU4tATHCeDE6A
- BITTREX: https://bittrex.com/Market/Index?MarketName=BTC-ELITE
- SwissCex: https://www.swisscex.com/market/ELITE_BTC
- C-CEX: https://c-cex.com/?p=elite-btc
- LazyCoins (this is a new exchange!): https://lazycoins.com/trade#elite-btc
- Vote #ELITE at BTER: https://bter.com/voting#ELITE

http://i.imgur.com/qnlpI2X.png

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FxujjVuy.png&t=542&c=exlowNXptwz7ig
- http://66.147.232.163:12500

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2Fk5Ecek5.png&t=542&c=p2tAtsAuO-7vAQ
-

GAMES:
EliteCoin Dice: http://elitecoindice.com/

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FToZ7wkd.png&t=542&c=JndMXByC0nMs7Q
- Portuguese Translation (thanks schiavonxv!)
- German Translation (Thanks VNm333)

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FR8CQhKL.png&t=542&c=lRxwzY2kqa2Amg
Email: elitecoin@outlook.com
Twitter (follow us!): http://twitter.com/EliteCoinDevs

This will be a self-moderated topic. If you have something either positive or negative to say, say it. We will answer all your questions and won't delete anyone's opinion. But if you post only to insult or because you don't have anything better to do, your post will be deleted. We want a clean topic!
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schiavonxv
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July 20, 2014, 11:41:07 PM
 #2

Reward for translation?






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Redtschorn
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July 20, 2014, 11:42:05 PM
 #3

Best of luck
cecilbdemented
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July 20, 2014, 11:43:13 PM
 #4

You're going to have to start off with a period of 0 reward blocks or everyone will just assume you're going to instamine the shit out of it to make up for the lack of premine.
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July 20, 2014, 11:49:25 PM
 #5

Looks like a pretty decent coin.

No halving? 30 days of mining at the same block reward... I'm interested to see how this works out.

Thanks! No, there's no halving. A lot of coins starts with big blocks, and when they hit bittrex, everyone sells evetything, and the price goes down, or the coin dies. And people who keep mining until the end of the chain, end up losing money instead of being rewarded.
So, we thought 1 ELC per block would be a lot better (long-term).

@schiavonxv since there's no premine we can't reward for translations. However if you still do it for free, we will really appreciate it!

@Redtschorn thanks!

@cecilbdemented we thought of that. We don't really know what's best in this case.
If we set let's say first 100 blocks = 0 ELC, people will complain, because the diff will go up and miners who don't have a lot of power will lose an opportunity to mine some ELC at low diff.
If we leave the reward 1 ELC per block from block 1, people will also complain. So, it's kind of a hard decision.
MartinF
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July 21, 2014, 12:11:44 AM
 #6

Looks great! I hope I can mine some blocks.
I've sent you a pm regarding the block explorer.
EliteCoin
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July 21, 2014, 12:25:58 AM
 #7

Looks great! I hope I can mine some blocks.
I've sent you a pm regarding the block explorer.

Got it and answered! Thanks!
mingzi1521
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July 21, 2014, 12:29:53 AM
 #8

 decent dev,will you publish the team members's profile?
hashhot
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July 21, 2014, 12:42:49 AM
 #9

Hashhot Pool http://elc.hashhot.com    Please add it to OP
EliteCoin
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July 21, 2014, 12:48:56 AM
 #10

@mingzi1521, I'm the only one who has a profile, but we have no problem posting our Facebooks and business emails, in case someone wants to contact us personally. We will post everything at launch if people want!

@hashhot Thanks! I'll add your pool to the OP now!
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July 21, 2014, 02:43:29 AM
 #11

Portuguese Translation: https://bitcointalk.org/index.php?topic=702889.msg7945956#msg7945956






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EliteCoin
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July 21, 2014, 02:56:23 AM
 #12


Added to the  OP! Thanks!
hero18688
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July 21, 2014, 04:08:24 AM
 #13

A coin of good name.But why do you make it self-moderated?

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July 21, 2014, 04:09:51 AM
 #14

Going to follow this topic.

Might be fun.

Hey, smexy. Don't waste your time. Time's precious.
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July 21, 2014, 04:18:20 AM
 #15

@hero18688 thanks! About the self-moderated topic, is to prevent the usual forum trolls who doesn't like anything and don't have anything better to do than insulting or posting stupid things. It's only to keep the topic clean. We won't delete any post or opinion, even if it's negative. Only troll posts Smiley.

@KeyserSozeMC thanks!
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July 21, 2014, 04:21:44 AM
 #16

I like coins with X11 and Pow/Pos. And elite is good name, class.
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July 21, 2014, 05:46:16 AM
 #17

I like coins with X11 and Pow/Pos. And elite is good name, class.

Too many big mining farms on x11 and you can rent tons of x11 hash cheap. X14 would offer a better chance at a fair distribution. But can't complain with this fair of a launch, not used to seeing ANN threads unless it's a ninja instamine launch so I'll be mining Elite  Grin

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July 21, 2014, 05:47:43 AM
 #18

Elite coin but x11 algo is suitable for those who have the big farms and they you mine lot of coin and then dump it to make the coin crash.

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July 21, 2014, 05:50:09 AM
 #19

will the website be up by the 22nd? Do you have a roadmap going forward? How about a bio of the team members?


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FOUNDATION



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Bitrated user: Vagnavs.
EliteCoin
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July 21, 2014, 05:59:02 AM
 #20

@youghoor
We don't really think anyone will be able to get a lot of ELC and dump them right away.
Since there's no high reward for first blocks like most coins, we believe EliteCoin will survive the dumping.

@Vagnavs
The designer of the team is working on the website, and we're hoping to get it online by the end of the week!
We'll post a little bio in the first page tomorrow. After launch, we will see how everything's going, and make future plans (besides anon transactions). This will be posted in the first page and in our website.
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