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

[xibeijan]

When exactly is the launch time?

[1715599870]

1715599870

[1715599870]

1715599870

[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

Build issues.

Your binary package is missing QtCore4.dll

[bitfreak!]

When exactly is the launch time?

Read the first paragraph of the opening post. 28th of July at 1:00 AM UTC.

Your binary package is missing QtCore4.dll

Read the thread, you need to download the dll.zip package.

[helloge]

sound nice,
more detail need.
thanks.

[tiger5056]

watching.

[xibeijan]

Your binary package is missing QtCore4.dll

Read the thread, you need to download the dll.zip package.

thanks.  hope this extra step is just for test builds.

[spring.yu]

How  mine, more infomation?

[bitfreak!]

How  mine, more infomation?

You can't mine it yet, this is only a pre-announcement. In another week we will release.

[jackfruit]

Why so many coins?

[fiftyseven]

Is 2^64-1 essentially infinity?

Any other more digestible coin supply figures for say, the first year?

[bitfreak!]

There are 2^64-1 units because that's the natural upper limit of a 64 bit integer, we're not arbitrarily picking some random value and saying "this sounds good". Plus more granularity is never a bad thing. The block reward is designed to halve every ten years (it changes every block, it doesn't suddenly halve), so it will take quite a long time before most of the coins get mined.

EDIT: keep in mind there are only 184.4 billion coins, each containing 100 million units (making each coin divisible by 8 decimal places).

[catia]

It's an exponential decay function that is roughly

distributed coins = (2^64 - ((1 - 24310 * 10^8 / (2^64))^(1440*365.25*years) * 2^64)) / 10^8

so 12.35 billion in the first year.

[Mainbrain]

looks good ,watch and wait.

[djm34]

when does it launch ?

[Lpingui]

M7 algorithm, no mining can be used to calculate the force that way?

[mozurt]

same coin??? https://bitcointalk.org/index.php?topic=700039.0

[idev]

same coin??? https://bitcointalk.org/index.php?topic=700039.0

Nope.

[bitfreak!]

M7 algorithm, no mining can be used to calculate the force that way?

Not sure what you mean.

same coin??? https://bitcointalk.org/index.php?topic=700039.0

No, read the first page of the thread.

[ObscureBean]

This is definitely pretty cool. Interesting ideas backed by a hero member is always a good start.
I'm not sure I like the total coin supply though, seems like a lot to me. There are very few successful coins out there that count in billions. Doge is the only notable exception.
Anyway I'll be watching this thread  
Good luck!

[bitfreak!]

I'm not sure I like the total coin supply though, seems like a lot to me.

Whether you have one million coins or one trillion coins it doesn't really make a difference, what really matters is how fast the coins are distributed. With Cryptonite the block reward will gradually halve over the period of 10 years, and the initial block reward is such that it will also take 10 years before half of all XCN has been mined. So when the block reward is 50% of what it started as, that means 50% of all XCN has been mined.