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Author Topic: [PRE-ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 23632 times)
bitfreak!
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July 21, 2014, 01:22:04 PM
 #1



THIS THREAD IS THE OLD PRE-ANNOUNCEMENT. PLEASE SEE ACTUAL ANNOUNCEMENT THREAD:

[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
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July 21, 2014, 01:22:35 PM
 #2

Like the name.
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July 21, 2014, 01:31:34 PM
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i will watch, the OP is hero member so  some interest Smiley

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July 21, 2014, 01:35:22 PM
 #4

Watching. Nice to see a real member use their account!

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July 21, 2014, 01:39:22 PM
 #5

i will watch, the OP is hero member so  some interest Smiley
Lol I never thought having a hero status would pay off. But yeah I've been around since the early days and we have no intention of making any type of crappy clone or scam coin. There will be no pre-mine, no IPO's, and every effort to prevent an instamine. Even though a fairly large sum of money was spent on development of this coin we still want it to be as fair as possible and we don't want to damage our credibility, so we're just going to mine it with the same rules as everyone else.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
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July 21, 2014, 01:44:51 PM
 #6

m7 pow? more info about this
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July 21, 2014, 01:49:56 PM
 #7

Nice!  Thanks for eliminating transaction malleability.

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July 21, 2014, 01:50:13 PM
 #8

m7 pow? more info about this
Taken from the wiki:

Quote
The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
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July 21, 2014, 01:51:48 PM
 #9

m7 pow? more info about this
Taken from the wiki:

Quote
The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

Miner available at launch?
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July 21, 2014, 01:51:57 PM
 #10

Beautiful !

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Facebook  .  Twitter  .  Telegram  .  Medium  .  Reddit  .  Youtube  .  ANN Thread
██     ████████████████████████████████████████████████████████████████████████████████████     ██
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300,000 Targeted in 3 Years

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July 21, 2014, 01:52:10 PM
 #11

m7 pow? more info about this
Taken from the wiki:

Quote
The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

oh it's like an x7
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July 21, 2014, 01:52:24 PM
 #12

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?
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July 21, 2014, 01:52:34 PM
 #13

Will it have GUI?

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July 21, 2014, 01:53:55 PM
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mini blockchain sounds good , looking forward to this thread.
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July 21, 2014, 01:54:23 PM
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Will it have GUI?

Not only does it have GUI, but you can try it today on the testing thread https://bitcointalk.org/index.php?topic=643758.0
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July 21, 2014, 01:55:28 PM
 #16

Yeah I recently saw that. God damn newb with 1 post cloning bytecoin. Even using the same currency code as us, even though we've been publicly testing for many weeks now and we claimed the name and currency code way before that guy.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
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July 21, 2014, 01:57:06 PM
 #17

Yeah I recently saw that. God damn newb with 1 post cloning bytecoin. Even using the same currency code as us, even though we've been publicly testing for many weeks now and we claimed the name and currency code way before that guy.

Seems that this cryptonite more legitimate Wink
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July 21, 2014, 01:57:23 PM
 #18

Will it have GUI?

Not only does it have GUI, but you can try it today on the testing thread https://bitcointalk.org/index.php?topic=643758.0

Great.  Nice to see something innovative (that isn't complete nonsense like all these pretend anon coins).

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July 21, 2014, 01:58:23 PM
 #19

Miner available at launch?
I don't think there will be any GPU miner available at launch, since we're using a new PoW algorithm it's a bit tricky, but you never know.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
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July 21, 2014, 02:01:16 PM
 #20

oh man. is there a possibility that there is a gpu out there for this?

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