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

[3months18w]

Regarding hero members in this thread .
Is it time to get on bittrex ? More buy support is needed.

[teknohog]

A couple of brief technical issues:

The backupwallet RPC does not work on the daemon on my Linux box. It could be a botched build on my part, but it generally works on all other Bitcoin derivatives I've tried (about 20 of them), and the rest of cryptonited works fine. The log shows

Code:

2014-08-28 18:10:33 copied wallet.dat to /home/teknohog/test.dat

but there is no file to be found.

Also, is there an RPC for finding the current total XCN out there? In some coins you can find it as "moneysupply" in getinfo.

[bitfreak!]

The backupwallet RPC does not work on the daemon on my Linux box.

Yeah I think that issue was reported once before. We'll try to have it fixed in the next release.

Also, is there an RPC for finding the current total XCN out there? In some coins you can find it as "moneysupply" in getinfo.

I think the best way is to use listbalances to get the balance of the coinbase address (CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL) and then subtract the balance of the coinbase address from the total possible coin supply (2^64/10000000000) to calculate how many coins have already been mined (aka how many coins have been taken from the coinbase account).

[teknohog]

Also, is there an RPC for finding the current total XCN out there? In some coins you can find it as "moneysupply" in getinfo.

I think the best way is to use listbalances to get the balance of the coinbase address (CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL) and then subtract the balance of the coinbase address from the total possible coin supply (2^64/10000000000) to calculate how many coins have already been mined (aka how many coins have been taken from the coinbase account).

Cheers

The reward formula is still a bit of a mystery, though. Solving

Code:

reward = (2^64 - coins_so_far) * constant

gives a nice exponential formula for the reward as a function of height, but I'd rather use the coinbase to account for the large block penalty and whatnot.

[bitfreak!]

I think the most correct way to calculate the current block reward is using this formula:

current_block_reward = 243.1 * (coinbase_account_balance / (2⁶⁴-1 / 10000000000))

243.1 XCN is the starting block reward in case you're wondering.

[bitfreak!]

Thought I'd post some screenshots of the web wallet I'm working on:

Gallery: http://postimg.org/gallery/22befbl42/1c89816d/
Making Payment: http://postimg.org/image/56rdrx4b5/

Don't get too excited though, I haven't implemented any client side wallet encryption, so at this point it's really more like an alternative to the Qt wallet, but once it's finished I will create a fork with all the fancy javascript-based wallet encryption so that it can be used as a web wallet without worrying about the owner of the website stealing all your coins (like the blockchain.info web wallet).

I personally like to use it instead of Qt because it provides better control over tx inputs and outputs and it also has a graphical interface for creating multi-signature addresses and transactions as well as an interface for controlling the withdrawal limit of an address. It also features a simple type of blockchain explorer built in the wallet and the home page of the wallet contains a bunch of useful info like the current coin supply, the current block reward, the current difficulty, the current block count, etc.

The wallet script should be released within the next day or two, I'll upload it to the main github account when it's ready. Next task after the wallet is to create a blockchain explorer, which shouldn't take me too long. I'll include support for weird transactions like withdrawal limit updates (where the input is the same as the output) so that it's easier to understand how some of the new Cryptonite features work.

[heskey]

Good stuff!

[polanskiman]

Thought I'd post some screenshots of the web wallet I'm working on:

Gallery: http://postimg.org/gallery/22befbl42/1c89816d/
Making Payment: http://postimg.org/image/56rdrx4b5/

Don't get too excited though, I haven't implemented any client side wallet encryption, so at this point it's really more like an alternative to the Qt wallet, but once it's finished I will create a fork with all the fancy javascript-based wallet encryption so that it can be used as a web wallet without worrying about the owner of the website stealing all your coins (like the blockchain.info web wallet).

I personally like to use it instead of Qt because it provides better control over tx inputs and outputs and it also has a graphical interface for creating multi-signature addresses and transactions as well as an interface for controlling the withdrawal limit of an address. It also features a simple type of blockchain explorer built in the wallet and the home page of the wallet contains a bunch of useful info like the current coin supply, the current block reward, the current difficulty, the current block count, etc.

The wallet script should be released within the next day or two, I'll upload it to the main github account when it's ready. Next task after the wallet is to create a blockchain explorer, which shouldn't take me too long. I'll include support for weird transactions like withdrawal limit updates (where the input is the same as the output) so that it's easier to understand how some of the new Cryptonite features work.

Good to hear some positive news and updates.

[aminorex]

running the current win64_cryptonite-qt, trying a fresh sync, i get up to 7 days behind, then
Not enough 0000000000000000000000000000000000000000 0 0
Not enough 0000000000000000000000000000000000000000 0 0
infinitely repeats and no further progress occurs.

[Fablio2]

Cracked 5400kh/s at lowest on XCN: https://ottrbutt.com/tmp/xcnwolf750ti11.png

Why do you always post 2 big pictures? Very uncomfortable to watch.

[smooth]

Cracked 5400kh/s at lowest on XCN: https://ottrbutt.com/tmp/xcnwolf750ti11.png

Why do you always post 2 big pictures? Very uncomfortable to watch.

He's obviously doing it to make you uncomfortable. Don't like it? Ignore button just for you.

[yellowduck2]

Cracked 5400kh/s at lowest on XCN: https://ottrbutt.com/tmp/xcnwolf750ti11.png

Why do you always post 2 big pictures? Very uncomfortable to watch.

u prefer real human right ? Me too.

[Amph]

Cracked 5400kh/s at lowest on XCN: https://ottrbutt.com/tmp/xcnwolf750ti11.png

Why do you always post 2 big pictures? Very uncomfortable to watch.

u prefer real human right ? Me too.

lol i like them, i was looking for nude animals with human guises

[GreekBitcoin]

So, should i invest something here? Why? Where can i read some speculation?

[yellowduck2]

So, should i invest something here? Why? Where can i read some speculation?

should i invest something here?
yes

Why?
speculation

Where can i read some speculation?
Here

 

[polanskiman]

+100% on poloniex https://poloniex.com/exchange/btc_xcn

[suchnekky]

I have introduced your coin to james @ btcd (jl777) and he has shown some interest in cryptonite. bitfreak could have a bit of a read up over at btcd and see if yous can work something out in the way of being part of the anom system.

Linky: https://bitcointalk.org/index.php?topic=684090.msg8580794#msg8580794


Together btcd and cryptonite combined is unstoppable! Solving all the problems bitcoin faced. James has staded that cryptonite could handle many more teleports, due to its tiny blockchain

[teknohog]

I think the most correct way to calculate the current block reward is using this formula:

current_block_reward = 243.1 * (coinbase_account_balance / (2⁶⁴-1 / 10000000000))

243.1 XCN is the starting block reward in case you're wondering.

Thanks, this is starting to make a lot of sense

[polanskiman]

I have introduced your coin to james @ btcd (jl777) and he has shown some interest in cryptonite. bitfreak could have a bit of a read up over at btcd and see if yous can work something out in the way of being part of the anom system.

Linky: https://bitcointalk.org/index.php?topic=684090.msg8580794#msg8580794


Together btcd and cryptonite combined is unstoppable! Solving all the problems bitcoin faced. James has staded that cryptonite could handle many more teleports, due to its tiny blockchain

This was already posted few hours ago. Why was it deleted and reposted again?

[Jungian]

+100% on poloniex https://poloniex.com/exchange/btc_xcn

Up 70% now. I don't think the dump is over yet. I think we will continue to see very high selling pressure.

I will probably not buy more before we get very low, because I have already bought as much as I am willing to risk with such an experimental alt.