bitfreak! (OP)
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electronic [r]evolution
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July 21, 2014, 01:22:04 PM Last edit: July 29, 2014, 02:33:46 PM by bitfreak! |
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THIS THREAD IS THE OLD PRE-ANNOUNCEMENT. PLEASE SEE ACTUAL ANNOUNCEMENT THREAD: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
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XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
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SecondsOld
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July 21, 2014, 01:22:35 PM |
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Like the name.
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trankil
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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
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DrSnAzZy
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VootCoin PR/IRC Admin
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July 21, 2014, 01:35:22 PM |
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Watching. Nice to see a real member use their account!
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Vootcoin!
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bitfreak! (OP)
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Activity: 1536
Merit: 1000
electronic [r]evolution
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July 21, 2014, 01:39:22 PM |
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i will watch, the OP is hero member so some interest 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.
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XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
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Amph
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July 21, 2014, 01:44:51 PM |
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m7 pow? more info about this
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xibeijan
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July 21, 2014, 01:49:56 PM |
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Nice! Thanks for eliminating transaction malleability.
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bitfreak! (OP)
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electronic [r]evolution
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July 21, 2014, 01:50:13 PM |
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m7 pow? more info about this
Taken from the wiki: 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
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XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
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DLow
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July 21, 2014, 01:51:48 PM |
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m7 pow? more info about this
Taken from the wiki: 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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btc-facebook
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July 21, 2014, 01:51:57 PM |
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Beautiful !
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Amph
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July 21, 2014, 01:52:10 PM |
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m7 pow? more info about this
Taken from the wiki: 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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saamxx
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July 21, 2014, 01:52:24 PM |
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xibeijan
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July 21, 2014, 01:52:34 PM |
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Will it have GUI?
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Equate
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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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bitfreak! (OP)
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electronic [r]evolution
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July 21, 2014, 01:55:28 PM |
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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.
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XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
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saamxx
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July 21, 2014, 01:57:06 PM |
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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
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xibeijan
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July 21, 2014, 01:57:23 PM |
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Great. Nice to see something innovative (that isn't complete nonsense like all these pretend anon coins).
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bitfreak! (OP)
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electronic [r]evolution
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July 21, 2014, 01:58:23 PM |
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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.
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XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
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bitwho
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July 21, 2014, 02:01:16 PM |
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oh man. is there a possibility that there is a gpu out there for this?
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