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

[nzszxsl]

- Block reward: changes every block (half life of 10 years)

whats the reward range?

[1524402004]

1524402004

[1524402004]

1524402004

[sammy007]

It would be nice if the people walletmining with CPU farms would use proxies to make it a bit less unfair for normal miners.  As it is now they are hogging all the blocks AND all the inbound connections on anyone who has a listening daemon!

You can just ask them to send 10% of their coins to your wallet. Will be much more simple for them. Forget about fairness, new algos are created for unfairness. There is no another reason to launch a coin with different algo than instamine it using closed mining software.

[Wolf0]

It would be nice if the people walletmining with CPU farms would use proxies to make it a bit less unfair for normal miners.  As it is now they are hogging all the blocks AND all the inbound connections on anyone who has a listening daemon!

You can just ask them to send 10% of their coins to your wallet. Will be much more simple for them. Forget about fairness, new algos are created for unfairness. There is no another reason to launch a coin with different algo than instamine it using closed mining software.

I think even gmaxwell would disagree with you there.

[illodin]

It would be nice if the people walletmining with CPU farms would use proxies to make it a bit less unfair for normal miners.  As it is now they are hogging all the blocks AND all the inbound connections on anyone who has a listening daemon!

You can just ask them to send 10% of their coins to your wallet. Will be much more simple for them. Forget about fairness, new algos are created for unfairness. There is no another reason to launch a coin with different algo than instamine it using closed mining software.

I think even gmaxwell would disagree with you there.

This is how you introduce a new algo: https://bitcointalk.org/index.php?topic=707879.0

[cubex]

The number of coins for given time is 1.84B - 1.84B * .5^(days/365.25/10)   using some subtraction you can figure out how many coin will be mined for any particular day. Currently days is best approximated by 6.

I am trying to create a program for XCN. Could you please provide the formula for calculating the current/next block reward which I think is based on half-life of 10 years and the current network difficulty?

[marada]

The standalone miner seems to encounter a memory leakage.
The memory usage increases systematically.

Now it uses 3.3 GB of RAM in my system.

[Wolf0]

It would be nice if the people walletmining with CPU farms would use proxies to make it a bit less unfair for normal miners.  As it is now they are hogging all the blocks AND all the inbound connections on anyone who has a listening daemon!

You can just ask them to send 10% of their coins to your wallet. Will be much more simple for them. Forget about fairness, new algos are created for unfairness. There is no another reason to launch a coin with different algo than instamine it using closed mining software.

I think even gmaxwell would disagree with you there.

This is how you introduce a new algo: https://bitcointalk.org/index.php?topic=707879.0

Agreed - that incentivizes people to release better miners.

[Shunak]

bad luck for me, 0 blocks in 3 days 

[Natalya]

Any nodes?My wallet can not sync...

[dunchy]

So, XCN coin limit 100x higher than XMR, XMR price 60x bigger than XCN. I guess this shit qualifies as fully pumped. right ? From now on it's basically "buy it when you need it", it's uselles as a store of value...

[loges]

So, XCN coin limit 100x higher than XMR, XMR price 60x bigger than XCN. I guess this shit qualifies as fully pumped. right ? From now on it's basically "buy it when you need it", it's uselles as a store of value...

Yea like any other alt is a store of value. It'll take a year just to get to the level of coins bc has. Get over the total coin count guys. Nobody bitches about all the pos coins coming out everyday that get 10 million mined in 3 days.

[RUNNY]

bad luck for me, 0 blocks in 3 days 

Your hashrate?

[subSTRATA]

The altcoin community should be about innovation, not a select few people making a quick buck. Our goal was to break out of that greed driven trend. Cryptonite had no pre-mine, no IPO, the difficulty adjustment algorithm is designed to adapt quickly and prevent instamines

I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.

"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."

Pathetic scumbags.

[1gh]

Welcome to ...
★★★ CRYPTONITE 1GH POOL ★★★

--> xcn.1gh.com <--

[djm34]

The altcoin community should be about innovation, not a select few people making a quick buck. Our goal was to break out of that greed driven trend. Cryptonite had no pre-mine, no IPO, the difficulty adjustment algorithm is designed to adapt quickly and prevent instamines

I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.

"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."

Pathetic scumbags.

are you joking ? How many people were running on bitcoin at start... It is certainly the coin which has been the most intamined

[subSTRATA]

I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.

"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."

Pathetic scumbags.

are you joking ? How many people were running on bitcoin at start... It is certainly the coin which has been the most intamined

Listen retarded noob, you need to learn how to read blockchain explorer data first in order for you and me to have any meaningful debate on the matter. Until then just STFU.

[iCEBREAKER]

I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.

"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."

Pathetic scumbags.

You're freaking out over very little, almost nothing.  The percentage of coins affected by the bumpy first couple of hours is vanishingly tiny, and certainly no reason to set your hair on fire.  I think you may just want to FUD and earn ch33p coins!   

Everyone had an entire month to learn Linux, rent VPS/botnets, and familiarize themselves with the Cryptonite software.  You should be congratulating Freak and Cat for their mini-blockchain implementation, which is a triumph of bleeding-edge technology.

Satoshi instamined Bitcoin BTW.  That's why he so rich!   

[dga]

...
People waiting == people waiting to mine coins that could be yours. Just a friendly reminder.

True. But those people are also taking on risk that I don't have.

With GPU miner without pool will be hard to deal with 100+ GPUs farms ( i have seen many in VTC while mining )

Gpu miners can be already in play -in 3 day mining with i7 3770k and i have 0 balance so i can tell you that CPU mining doesn't exist ( at least for me ).
Anyway like every where those who got GPU miner 1st behind scene will get big $$; x11... crypto night everywhere is same.

At the end coin can lose some fairness and cause it "clones" claim better distribution - lets just look at Bytecoin and Monero
if such situation will stay long next clone will get BIGGER attention and community at the end market share.

You don't 'get' a miner, you make it. Fair to the bone. Getting something for nothing is the unfairness.

Thank God there's someone here who realizes that getting something for nothing should not be expected, or worse, demanded.

:-)  I'm with you on that, too, but then again, that's three miner hackers in agreement.  *grin*

[subSTRATA]

I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.

"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."

Pathetic scumbags.

You're freaking out over very little, almost nothing.  The percentage of coins affected by the bumpy first couple of hours is vanishingly tiny, and certainly no reason to set your hair on fire.  I think you may just want to FUD and earn ch33p coins!  

Everyone had an entire month to learn Linux, rent VPS/botnets, and familiarize themselves with the Cryptonite software.  You should be congratulating Freak and Cat for their mini-blockchain implementation, which is a triumph of bleeding-edge technology.

Satoshi instamined Bitcoin BTW.  That's why he so rich!  

I think it is really bad for cryptos overally that guys who are already sitting on big piles of BTC opted for noob scammer retoric and techniques to get even more BTC. You really
should be ashamed.

[savale]

Hi bitfreak, I sent you a PM...