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

[iCEBREAKER]

What are we calling the atomic unit?  

Freakoshi?

Catoshi?

Nitoshi?

Nit?

[1713573728]

1713573728

[MisO69]

I have been mining this since launch with my CPU farm. I have to say, thank you for providing a coin that actually moves crypto currency further. I will continue to support this coin with hashes and my BTC on exchanges.

P.S. I found another block yesterday with one of my 8 core o/c'ed AMD 8150's. YAY!

[uvt9]

Anyone selling XCN here will pay 5.3k Sat per pm me

nobody gonna sell to you that cheap lol   try 50k

Actually I think 50k is quite cheap 

There are 350k-360k new coins generated every day. At 50k we need around 180 BTC per day only for maintaining that price.

[PhillyEagles]

Anyone selling XCN here will pay 5.3k Sat per pm me

nobody gonna sell to you that cheap lol   try 50k

Actually I think 50k is quite cheap 

There are 350k-360k new coins generated every day. At 50k we need around 180 BTC per day only for maintaining that price.

where are you getting these numbers?  hahah so false

[TooDumbForBitcoin]

What are we calling the atomic unit?  

Freakoshi?

Catoshi?

Nitoshi?

Nit?

the chip

[uvt9]

Anyone selling XCN here will pay 5.3k Sat per pm me

nobody gonna sell to you that cheap lol   try 50k

Actually I think 50k is quite cheap  

There are 350k-360k new coins generated every day. At 50k we need around 180 BTC per day only for maintaining that price.

where are you getting these numbers?  hahah so false

Just simple math, 243+ coins per block, 1 block every minute. If you want the price of 0.0005 "to be cheap", then you need 170-180 BTC each day to buy up all those XCN.

At current price of 6k sat, we need 20+ BTC per day pouring to market.

[MemoryShock]

Just simple math, 243+ coins per block, 1 block every minute. If you want the price of 0.0005 "to be cheap", then you need 170-180 BTC each day to buy up all those XCN.

At current price of 6k sat, we need 20+ BTC per day pouring to market.

It kind of sounds like this price might be where it is at long term.  More exchanges would help but the more XCN that is mined the more likely it is that supply will outpace demand.

Or maybe I am not interpreting the info correctly...

[iCEBREAKER]

What are we calling the atomic unit?  

Freakoshi?

Moontoshi

WINNER!   

But seriously, am I going to have to organize bounties for

1) pool
2) stratum
3) gpu miner
4) block explorer

myself?  Come on LazyNet, don't let me down!

[catia]

Ok folks, for those of you having trouble with cryptonite/bitcoin living together I have created a test build

http://gpile.it/mbc/win64_cryptonite-qt_test.exe

In all likelihood when running it, it will give you the usual box about when you first install cryptonite, select datadir and such. Selecting the same directory as before should cause it to find all the existing data. Probably want to backup wallet.dat before starting on such a journey.

To repair bitcoin, open regedit and search for bitcoin-qt. Should be a key called strDataDir in there, point that back at your bitcoin folder and everything should be fine.
Note: only reset the bitcoin-qt registry keys if the registry tree Mini-Blockchain/Cryptonite-Qt was successfully created. Pretty sure it's good, but just to be safe.


On another note. It has not been proven that GPU miner is even practical. When designing the PoW i did some experiments with multiplication throughput and it's really just not as good as what you can get on a good CPU. Wolf seems confident but I am not 100% convinced. In the meantime I slowly working on one that will be public. Other work taking precedence because I think it will be fruitless anyways.

The number of coins question has been answered close to 1.84B times.

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.

[DonQuijote]

...And it says: "Downloading headers... 4 days behind" with "socket recv error 10054" repeating in the debug.log. Tried to add a few nodes, but nothing changes. I'm behind standard home router. Please advise.

Found out what the problem was. The Cryptonite-QT is half-baked, it messed up some environment variables which Bitcoin-QT uses, resulting in breaking both itself and Bitcoin-QT.

Don't install Cryptonite-QT if you use default Bitcoin wallet! I've managed not to be forced to download the whole Bitcoin blockchain, but it was close.

Can you please share what settings you reverted in order to make bitcoin-qt work again without rebuilding its database? I have 9.2.1 and it is hosed since I put and ran the cryptonite-qt wallet on my machine.

+1
I need this info, my wallet is corrupt now :/

All right, no need to panic, your BTC wallet should be fine, it gave me a scare since I haven't backed it up for some time and had some transactions in the meantime. Here's what you should do:

- Check that both applications are shut down, best to logoff/logon or restart your computer
- Backup both wallets just in case, both files have the same name (wallet.dat) so take care not to mix them up. Wallets are in the same directory where your exe files are
- Delete the whole Cryptonite-QT directory
- Go to "Start" and in the textbox right above it ("Search programs and files") type %APPDATA% press Enter it will open your hidden directory with both Bitcoin and Cryptonite blockchains. Delete the whole Cryptonite directory.
- Start the Bitcoin-QT normally. Since the directory which common environment variable points out is now deleted, it will prompt you to point to proper directory. Choose the checkbox above the currently selected (default), and it will finally find everything it needs and work normally.

I must say this is a major Cryptonite developers fuck-up, to force us to jump through hoops just to save our Bitcoin installation. TBH, it has shaken my confidence that they know what they are doing quite a bit.

Edit: on double check, wallet's are also in hidden directory, you should easily find them.

Bad luck, dont work for me

[PhillyEagles]

just bought a shitload

[illodin]

Just simple math, 243+ coins per block, 1 block every minute. If you want the price of 0.0005 "to be cheap", then you need 170-180 BTC each day to buy up all those XCN.

At current price of 6k sat, we need 20+ BTC per day pouring to market.

It kind of sounds like this price might be where it is at long term.  More exchanges would help but the more XCN that is mined the more likely it is that supply will outpace demand.

Or maybe I am not interpreting the info correctly...

And it's not helping the coins are mined by few. If a lot of people could mine, there would be a lot more holding and a lot less selling.

[Kuriso]

Where can we find the current coins on the market?  The block explorer does not show current coin count.  Why?  Any good explorer shows this!

At the time of writing this, there are 8809 blocks and looks like block size is 242.8179828636.  This is slightly different from some of the earlier blocks.  Using 242 coins per block that puts us at 2,131,778 coins.  Is this right?  I keep seeing people say we only have 50k coins or 80k coins on the market it.  What is the real coin supply right now?

[iCEBREAKER]

I would caution pushing the price up further. If you do, expect dumping. The cost of mining on EC2 has been 0.03-0.05 BTC / XCN from the second day. The current price shows most miners are holding.

I guarantee many coins are being mined at lower rates via optimized/GPU miners and by botnets.

But of course miners are hloding.  Cryptonite is Bitcoin 2.0! 

The only innovations in cryptocoins thus far which matter are:

1) blockchain (Bitcoin)
2) ring signatures (Cryptonote)
3) minichain (Cryptonite)

According to Mint, ring sigs are intrinsically incompatible with minichains.  Notice how 2) and 3) are 1) evolving into two separate niches, specializing for public or private transactions/wealth.

[chris190]

how many coins i can do to day with this info?  

[myagui]

I think that's about an average of a block every 2.5 days.
Luck is a b!tch though, you might not ever get a block if diff keeps increasing 
~ Myagui

[kahir]

CARE ...


u can't withdraw your coins from CEX ... im trying to contact them but nothing ....

[Grifftech2k4]

Where can I mine this??

[wangx024]

Can you provide 32 bit system wallet and mining program？

[marada]

Where can I mine this??

No pools. Solo/shared mining only,