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

[bitfreak!]

WWW.CRYPTONITE.INFO

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

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

[SecondsOld]

Like the name.

[trankil]

i will watch, the OP is hero member so  some interest

[DrSnAzZy]

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

[bitfreak!]

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.

[Amph]

m7 pow? more info about this

[xibeijan]

Nice!  Thanks for eliminating transaction malleability.

[bitfreak!]

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

[DLow]

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?

[btc-facebook]

Beautiful ！

[Amph]

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

[saamxx]

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?

[xibeijan]

Will it have GUI?

[Equate]

mini blockchain sounds good , looking forward to this thread.

[catia]

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

[bitfreak!]

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?

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.

[saamxx]

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?

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

[xibeijan]

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).

[bitfreak!]

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.

[bitwho]

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