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

[fewcoins]

We are trying to support the XCN community by removing all sell orders for less than 2k satoshi's
This is very possible for us to drive up the price of XCN & get more smart people on board.

Type 1 if you agree!

Big whales are needed.

The big whales are in already! I see these guys on BTER buying chunksss & everytime someone sells they raise the support level. Haven't seen it break 690

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[e6ug]

i sent an email to admin@dwarfpool.com  asking them to make a pool for xcn. i think it would be a good way to spread the hash.

[bathrobehero]

The wallet likes to crash more and more frequently and every few crashes kills it and have to resync completely, at least in my case, which gets tedious since it's only using 1 single CPU core to do so.

Regarding pools, there's also suprnova.

[teknohog]

Regarding pools, there's also suprnova.

I just started testing it, seems like I'm the only one there now. Would appreciate others to join the fight against centralization

[myagui]

I'm fighting it solo style! 
~ Myagui

[bathrobehero]

I'm fighting it solo style! 
~ Myagui

Yay, me too  I'm just trying to steer people towards reliable pools.

[svedex]

started on the suprnova as well, but with 3 cpu's only....my 280x are on 1gh since i got claymores m7 miner and he restricted it to 1gh pool. anyone out there knows how to set sgminer for m7 algo?

[svedex]

started on the suprnova as well, but with 3 cpu's only....my 280x are on 1gh since i got claymores m7 miner and he restricted it to 1gh pool. anyone out there knows how to set sgminer for m7 algo?

or at least tell me if there's ccminer with m7 for 2.1 compute nvidias..

[teknohog]

Argh, that suprnova pool seems completely out of sync, when you look at the block height 

[Skarfur]

Argh, that suprnova pool seems completely out of sync, when you look at the block height 

Yeah. Looks like they are way out of sync.

[bitfreak!]

Ok block explorer is complete: https://github.com/MiniblockchainProject/MiniExplorer

Keep in mind that you will need the full blockchain for it to work properly. I have uploaded a copy of the blockchain here (it should contain all blocks up to about 85150). The other thing to keep in mind is that it will take quite some time to process the blockchain the first time you run parse_txs.php. I have uploaded some pre-processed db files here. Extract those files into the db folder before you run parse_txs.php. The explorer doesn't have an API yet but I plan to add one. I think we have a VPS server that we can run the explorer on but I would appreciate it if someone else could also run a Cryptonite block explorer.

Here are some screen shots:

Home Page: http://postimg.org/image/oboflxk2b/
Block Details: http://postimg.org/image/ixpneduc3/
Address Details: http://postimg.org/image/mg1narv83/
Transaction Details: http://postimg.org/image/tyksjemkz/

EDIT: I forgot to mention that the inc/config.inc.php file needs to be edited after you finish the installation process.

[Skarfur]

Ok block explorer is complete: https://github.com/MiniblockchainProject/MiniExplorer

Keep in mind that you will need the full blockchain for it to work properly. I have uploaded a copy of the blockchain here (it should contain all blocks up to about 85150). The other thing to keep in mind is that it will take quite some time to process the blockchain the first time you run parse_txs.php. I have uploaded some pre-processed db files here. Extract those files into the db folder before you run parse_txs.php. The explorer doesn't have an API yet but I plan to add one. I think we have a VPS server that we can run the explorer on but I would appreciate it if someone else could also run a Cryptonite block explorer.

Here are some screen shots:

Home Page: http://postimg.org/image/oboflxk2b/
Block Details: http://postimg.org/image/ixpneduc3/
Address Details: http://postimg.org/image/mg1narv83/
Transaction Details: http://postimg.org/image/tyksjemkz/

Good job!
I will see if I can't throw one up somewhere. Thanks for the efforts.

[darkslash]

perhaps if bitfreak could talk to moolah @ mintpal and get in on the exchange, since he is accepting genuinely innovative coins. or everyone tweet @moolah_io and @MintpalExchange

this exchange would bring alot of volume and almost guarantee the great success of cryptonite!

lets do this!

mintpal v2 is to be released tomorrow night.

[ocminer]

Argh, that suprnova pool seems completely out of sync, when you look at the block height 

Yeah. Looks like they are way out of sync.

Interesting, could not get the wallet to re-sync, i've deleted the blockchain and try to do a full resync now.

thanks for the heads up

[bitfreak!]

I was recently informed of this highly misinformed article and thought I should respond to some of the comments made by the author.

I will be watching this coin in the future, but I am worried that this may mean that the developer gave up on his innovations when the launch did not go as well as he hoped and dumped before deserting.

Let me make something absolutely clear, this coin is not intended to be a pump and dump like 99% of other coins. This project is like my child, it has taken something like 2 years to get the mini-blockchain scheme from a concept into a reality and I would never abandon it. I created the mini-blockchain scheme because I believed that the scalability issue was one of the major factors hindering the long term success of cryptocurrency. I've spent more than 20BTC out of my own pocket to pay for the development of this coin because I truly believe that this scheme will help take cryptocurrency technology to the next level, able to last long into the future and support a high rate of transactions without getting bogged down by a massive blockchain. I was deep in the negative before we even released Cryptonite, and it's extremely unlikely I will ever make all of my money back. I'm not doing this for the money despite what people may think.

One of their technical innovations is the mini-blockchain scheme which allegedly solves the issue of blockchain bloat by “pruning” old transactions from the network after a long enough time. This allows hashes to finish faster and makes everything generally faster and smoother. It isn’t explained well how this works in practice and though they have a Github, they do not have a white paper.

There is a wiki, a white paper, and a video.

They also have “withdrawal limits” that limit the amount of coins a user can send from one address and one block. They claim this prevents double spending and increases confidence in low-confirmation transactions (even zero-confirmation transactions) but there is no such thing as creating confidence in low-confirmation transactions. That defeats the whole point of cryptocurrency: verification through anonymous networking.

Actually there is such a thing as creating confidence in low-confirmation transactions, including 0-conf transactions. If the withdrawal limit prevents an address from being emptied in a short amount of time then you can clearly have much more confidence in transactions coming from a limited address. The wiki explains why and how it works in more detail.

On the other hand, their “about the developers” page might as well not even be there. They only list usernames except for the founder whose name is almost guaranteed to be fake: J.D. Bruce. Why not just say fuck it and go with “John Smith” if you’re going to use a fake name?

Actually that is my real name, well my real initials and my real last name. But even if it wasn't my real name why the hell would it matter? Satoshi is anonymous and Bitcoin is still trusted. Some people like their privacy, deal with it.

[ocminer]

Argh, that suprnova pool seems completely out of sync, when you look at the block height 

Yeah. Looks like they are way out of sync.

Just FYI suprnova is resynched now

Interesting, could not get the wallet to re-sync, i've deleted the blockchain and try to do a full resync now.

thanks for the heads up

[otila]

does not sync

Downloading headers... 7 days behind
9 connections, tried to sync for 17 hours already.
spits out "Finalize Node" every now and then.

Code:

OS 74567 NS 84567
Ready for committal
Done receive slice
received slice 000000000013842339e83904b3bce24da43821663347ea381fd4b869da79ce52 0000000000000000000000000000000000000000 7fffffffffffffffffffffffffffffffffffffff
Ready to build
Ready to go online
Account trie successfully constructed at 74566
Getting size for height : 74566
Cannot fastforward chain because of connecttip fail: 0000000001a414d54ac98394015dc94ab3a5a812e8ba5f0835586a9171464d4e
OS 74567 NS 74567
Done receive slice
received slice 000000000013842339e83904b3bce24da43821663347ea381fd4b869da79ce52 0000000000000000000000000000000000000000 7fffffffffffffffffffffffffffffffffffffff
Something really wrong
Done receive slice

Code:

2014-09-22 09:12:51 Marked 00000000019346cbafe68230de65d25b4132b0fa699ef9a27dde5c1db3111d11 as descending from invalid
2014-09-22 09:12:51 Marked 000000000228c934f1479e31d8a2a343994d5f93425f11bcee7237a52093dbb0 as descending from invalid
2014-09-22 09:12:51 InvalidBlockFound: invalid block=0000000001a414d54ac98394015dc94ab3a5a812e8ba5f0835586a9171464d4e  height=74567  log2_work=54.877939  date=2014-09-15 04:44:44
2014-09-22 09:12:51 InvalidChainFound:  current best=000000000013842339e83904b3bce24da43821663347ea381fd4b869da79ce52  height=74566  log2_work=54.877912  date=2014-09-15 04:43:11
2014-09-22 09:12:51 ERROR: ConnectTip() : ConnectBlock 0000000001a414d54ac98394015dc94ab3a5a812e8ba5f0835586a9171464d4e failed
2014-09-22 09:12:51 Cannot fastforward chain because of connecttip fail: 0000000001a414d54ac98394015dc94ab3a5a812e8ba5f0835586a9171464d4e
2014-09-22 09:12:51 Activate 000000000013842339e83904b3bce24da43821663347ea381fd4b869da79ce52
2014-09-22 09:12:51 Writing file 000000000013842339e83904b3bce24da43821663347ea381fd4b869da79ce52
2014-09-22 09:12:51 Serialized: 137003 bytes
2014-09-22 09:13:08 ERROR: AcceptToMemoryPool: : transaction not final
2014-09-22 09:13:30 ERROR: AcceptToMemoryPool: : transaction not final
...
2014-09-22 18:37:48 ProcessBlock: ORPHAN BLOCK, prev=000000000218955b01fe799527777180f5c323570ba27585d89a9d092e4fc0a2
2014-09-22 18:37:48 ProcessBlock: Orphan already exists! 0000000000efd5912a9ee4668fb3e47fe38179454fc2e7a3cb698aaf1a374dcb
2014-09-22 18:37:52 ERROR: AcceptToMemoryPool: : transaction not final
2014-09-22 18:38:01 ProcessBlock: ORPHAN BLOCK, prev=0000000000efd5912a9ee4668fb3e47fe38179454fc2e7a3cb698aaf1a374dcb
2014-09-22 18:38:01 ProcessBlock: Orphan already exists! 0000000001effb70f23cf2570b3e8fb1320344276fcb5fff702d27203ded1cf2

[catia]

does not sync

Downloading headers... 7 days behind
9 connections, tried to sync for 17 hours already.
spits out "Finalize Node" every now and then.

You need to try and run with -resync option. Or delete the the data folder and try again. If your sync procedure goes from header to blocks to trie and then all of a sudden back to 7 days behind then you really need to start over. Typically a good block has been marked invalid and this will prevent it from ever recovering.

Your logs is too short to see why the good block was marked invalid. It only shows the downloading of half of the trie. That could I guess be the problem but it would be best to rule out other possibilities with more log.

[newbybtc]

Ok block explorer is complete: https://github.com/MiniblockchainProject/MiniExplorer

Keep in mind that you will need the full blockchain for it to work properly. I have uploaded a copy of the blockchain here (it should contain all blocks up to about 85150). The other thing to keep in mind is that it will take quite some time to process the blockchain the first time you run parse_txs.php. I have uploaded some pre-processed db files here. Extract those files into the db folder before you run parse_txs.php. The explorer doesn't have an API yet but I plan to add one. I think we have a VPS server that we can run the explorer on but I would appreciate it if someone else could also run a Cryptonite block explorer.

Here are some screen shots:

Home Page: http://postimg.org/image/oboflxk2b/
Block Details: http://postimg.org/image/ixpneduc3/
Address Details: http://postimg.org/image/mg1narv83/
Transaction Details: http://postimg.org/image/tyksjemkz/

I have a hosting account with regular websites but am not a tech person and do not know any code stuff. Is it practical for me to consider trying to put it on my host or is it something that requires tech knowledge?

[bitfreak!]

I have a hosting account with regular websites but am not a tech person and do not know any code stuff. Is it practical for me to consider trying to put it on my host or is it something that requires tech knowledge?

You will need to have cryptonited running on your server and you'll need to set up a cron job. Other than that it's fairly simple.