[ A N N ] RedOakCoin::{ R O C } Scrypt Currency By: RedOakIndustries [ R O I ]

[RedOakCoin]

http://redoakcoin.com/images/logo.pngRedOakCoin

http://redoakcoin.com

• Standard Scrypt Algorithm
• 2.5 Min., Transaction Time
• 1.5 Day(s) Re-Target Time
• 72 Million Max Subsidy
• 129.53 *ROC Reward (Initial Inflationary Term)

>>>115* ROC Reward (RollingROC-Decay Init)
>>>qSubsidy *ROC Decay (0.00016%)

Red Oak Genesis:

Code:

const char* pszTimestamp ="July 3 Moon Fraction is 0.18804759381102 with a distance relative to Earth of 401283.55 km";

Code:

hashGenesisBlock("0x76257af70505fdfe519f128be6ad7714be03ffb2f5efe0406bbc8e46b40b5ca6")
block.nTime = 1404438495

=======
First RedOakCoin:(ROC) Pools
http://redoakcoin.com/images/rocPool.png
Roc.LifeForce.Info
Special Thanks To: jjj0923

=======
First RedOakCoin:(ROC) Exchanges

http://c-cex.com/i/l.png
C-Cex

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FYPIJfXr.png&t=544&c=wtVdTEQ5379F_w

Bleutrade.com


https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3-us-west-1.amazonaws.com%2Fumbrellaholdings%2Fip.bitcointalk.gif&t=544&c=rhwuhYJEAZyJIA

Bittrex

=======

RedOakCoin:(ROC) Blockchain Explorer

altcoinexplorer

=======

RedOakCoin:(ROC) Proof of Developer
http://cryptoasian.com/wp-content/uploads/2014/09/ratingROC.jpg
http://cryptoasian.com/wp-content/uploads/2014/06/logo200x43.png

cryptoasian.com


=======

On Red Oak Coin's Subsidy Decay:
P.B. & Aetheros have a wonderful idea of what a Saturday night should look like. Armed with a pen and several napkins they got to work drawing SINC Function Charts, and creating math functions. The outcome of that Saturday night was a unique Subsidy Decay formula to append the tradition 50% Halving Block * Reward Decay. Instead of a pre-set nTerm decay * 1/2; RedOakCoin will decay at a rate of 0.00016% Per-Block! Initially, we had decided to run it every 7-Days. However, we found that a per-block would actually achieve our end goal of higher stability better and faster across all boards.

First: ROC will begin at 129.53 * Coin Reward for exactly 17280 Blocks

Second: After the above state Height is reached, the reward drops to 115*Coin to balance the 72-Million ROC Spread

Third: Each block after 17280 will decay 0.00016% allowing for a much smoother transition during decay terms
This feature is protective against strong Pool & Large-Miner Exchange 'Sell-Offs' during traditional difficulty adjustments.

RedOakIndustries Team:

Aetheros: Lead Dev., Project Manager
Vulcan: Dev., Node Management, Recruitment, Marketing
Plebius: Dev., Marketing, Design
P.B.: Dev., Mathematician, Quantum 'Design'

ROI::Protocols

The RedOakCoin Dev., Team at RedOakIndustries follows a rigid system and series of security protocols to protect the development process. "We follow a ridged security protocol for Updates, Communications, Ideas, Concepts, and Progressive Development. - In the spirit of transparency and Aetheros's love of teaching and sharing, we have decided to make public several of the Protocols & Procedures that we practice." ^(Vulcan)

OnLine Linux Distro: Gnome Based Only [Ubuntu-Fedora-Archlinux]
   

• Encrypted FileSystem
• ext4

OffLine Linux Development Distro: KDE or Gnome [Solydxk-RedHat -Other++]
   

• Removable Network Adapter / Card / or Laptop Switch
• Planned Secured Network Connections For Updates
• Shred & Remove Pre-Connection

Linux Utilities:
   

• codeCrypt [Post--Quantum File Encryption]
• Shred

Windows 8.1 Procedures:
   

• MinGW / MSYS [Never MSVC]
• VirtualBox For *.Exe Testing
• No Antivirus [Exception Made For Eset If Necessary] (Manual Security Only & Windows Defender)
• Py-BitMessage [NameCoin Based Email Client]
• Onscreen-keyboard For Dev-Cirtical Passwords
• Zero-Tolerance For Password Managers [Pen & Paper Only]

Universal Utilities:
   

• OpenDNS-Crypt [Data Packet Encryption]
• SpiderOak Encrypted Storage, Backup, & Sharing
• TCP/UDP-Monitor [WireShark or TCP-Monitor]
• TOR-Bundle
• i2p [With Care: After Shred & Sweep Procedures]

Network Security:
   

• RaspberryPI WireShark Server (HoneyPot Setup If Development Is Deemed Critical)
• Routine Port Scans
• WPA2 [Never WEP] (Crack Your Own WiFi Until Secured)

Offline:
   

• IronKey USB [Self Destructing FIPS-3 USB Drives]
• External-SD [Self Encrypted System – Never Factory On Board Security Manager]

Resources:
Difficulty Adjustment Analysis(Spreadsheet): https://www.dropbox.com/s/4nq9o7p2fc211me/RedOakCoinBlock%20AnalysisSpreadSheetForROI-Sheet1.pdf?dl=0
GitHub: https://github.com/RedOakCoin/RedOakCoin
PressRelease: https://github.com/RedOakCoin/RedOakIndustries
Windows-QT: https://www.dropbox.com/s/rljkp1z6axb7yyg/RedOakCoin-Win-0.8.6.2.1410684528.zip?dl=0
OSX: https://www.dropbox.com/s/xf34lvdo7fsiszu/Redoakcoin-Qt.dmg?dl=0 ^{(Special Thanks To Blazr2: Binary Verified & VT Scan Proof In Thread)}
Android: In Dev., (Not Almost Done)
iOS: In Dev., (Far Away, Almost Done - Few Weeks)
Facebook: https://www.facebook.com/RedOakCoin
Twitter: https://twitter.com/RedOakCoin

Instructions
Begin: Launch Redoakcoin-qt.exe
1. Locate The 'redoakcoin' dataDir
1b. [Windows 8.1] C:/ > Users > *YourUserName*
1c. On Top: Click "View" && Check Off: Hidden Items; File Extensions;
1d. Find And Enter AppData > Roaming > redoakcoin
2. Right Click & Create new Text Document && Rename it to, "redoakcoin.conf"
2b. Remember it must be, ".conf" not ".txt" or ".conf.txt" (This is a common mistake)
3. Now is also a good time to Encrypt your wallet from the ROC-Core Wallet
4. With the *.conf saved & wallet encrypted, File > Exit
5. Restart / Re-Open Redoakcoin-qt.exe

ROC::Key Stats
RPC_MainNet = 7166
P2P_MainNet = 7266
======
RPC_TestNet = 12712
P2P_TestNet =12812

Code:

rpcuser=anyRocUserName
rpcpassword=aUniquePassword
rpcport=7166
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
listen=1
daemon=1
server=1
addnode=24.188.168.87
addnode=47.16.111.211
addnode=173.77.240.143

(The 'redoakcoin.conf' file is configured for SoloMining)

Recent News & Updates

9.25.2014 [3:51pm]
CryptoAsain Has given RedOakCoin Official Approval & Verification For Proof Of Developer! The RedOakTeam would like to extend our thanks to him and his initiative protecting Devs., and Miners, et. all., everywhere.
^{"Personally, I am a person of high moral and ethical values; it is wonderful to see another in kind, operating in this industry! --Aetheros}

9.15.2014 [12:02pm-UTC]
Vulcan has just informed me that we had a difficulty adjustment to 65.02924521

There will be no premine.  We believe that allowing equal access will preserve the integrity of RedOakCoin.

[Shadow_Runner]


{
"blocks" : 20,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 3,
"pooledtx" : 0,
"testnet" : false
}

[yyweilai]

dev, block reward specifications and What are your plans, please with pictures, thank you!

[yyweilai]

pools？？？

[najzenmajsen]

Sorry , no pools at launch = fail

[RedOakCoin]

dev, block reward specifications and What are your plans, please with pictures, thank you!

These images are older and from the original concept when our parameters are different. However, the trends and functions are still the same.
We need to migrate the more recent images back over to Excel. We switched to C++ to handle simulations and processing. The main differences in these images is simply a longer per-decay term. Instead we decided to switch to a Per-Block decay system.

http://redoakcoin.com/images/site-img4.jpg
http://redoakcoin.com/images/site-img4b.jpg
http://redoakcoin.com/images/site-img4c.jpg

We need to migrate the more recent images back over to Excel. We switched to C++ to handle simulations and processing. The main differences in these images is simply a longer per-decay term. Instead we decided to switch to a Per-Block decay system.

[jjj0923]

interesting - I am going to start a pool on lifeforce but can't get your wallet compiled.

posted an issue on github

[james42]

Code:

  "blocks" : 5769,
    "currentblocksize" : 0,
    "currentblocktx" : 0,
    "difficulty" : 0.25000000,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "networkhashps" : 1073758208,
    "pooledtx" : 0,
    "testnet" : false

Being instamined to crap

[011011]

A piece of good quick!

[sserge009]

{
"blocks" : 6925,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 4.00000000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2761092535,
"pooledtx" : 0,
"testnet" : false
}

lol

[22MCoin]

There will be no premine,dev,how to promote and get profits?

[RedOakCoin]

There will be no premine,dev,how to promote and get profits?

We an extensive background in marketing and business relations, along with several publicists who are close friends of ours and have agreed to work on RedOakCoin with us.  As for profits, we have many ideas ranging from video game integration to a large scale charity donation.  Our lead Dev., Aetheros is also playing with anonymous integration for the coin.

[SalimNagamato]

1.5 Day(s) Re-Target Time
some lucky people who saw it on launch

[tobeaj2mer01]

@DEV, can you brief this coin, it's a little hard to understand since it's different to other alt coins.

[RedOakCoin]

@DEV, can you brief this coin, it's a little hard to understand since it's different to other alt coins.

Sure!
Typically when a Coin (Let's Say Litecoin) is mined the difficulty will adjust along side the networkhashrate. Naturally, after a pre-set number of blocks the coin reward per-block will cut in half ((1/2)Subsidy * Coin). Bitcoin runs the same way; After nNumber of blocks Bitcoin's reward value(Subsidy) will be cut from 25 Coins/Block to 12.5 Coins/Block (See Bitcoin Clock: http://bitcoinclock.com/). Most coins run this way, wheather they are SHA-256, Scrypt, Scrypt-N, etc.,.

After a while of studying how the Halving Function ((1/2)Subsidy * Coin) pitted against market exchange & trade psychology / trends, we found that during periods of Reward-Halving, there would be a strong sell-off across the scope of all exchanges. This would in turn hurt the smaller miners and profit some larger miners, but also hurt the larger miners who weren't acting 'Market Makers.'

During these terms of 1/2(Decay) we realized that the number of active miners on the network is also effected. There often is an influx on hashing power on any given coin network revving, ready, and mining for the difficulty to drastically change, and there to be a strong sell-off on the exchanges. This miner, if timed correctly, can mine what we call the difficulty / exchange arbitrage and make a decent profit. However, there are also long term miners who sit and wait out these fluctuations, almost equaling the numbers of the miner who targets these arbitrages.

To combat this issue of a highly volatile coin during Reward Halving Terms, we decided to not only smooth out the Exponential Decay Curve, but to move as close to the Natural Decay Curse as possible, thus allowing miners and targetedMining to be more profitable and more stable in the long run. There will still be trade arbitrage, but it will be much smaller. But now, we have limited the effecting variables causing this vast fluctuation in exchange rates.

To achieve this, and to achieve a near Natural Decay Curve, we have set RedOakCoin to decay 0.00016% after block #17280. This means that there will be a steep dropoff from 129.53 to 115 ROC / Block. Now, ROC will transition past original 1/2 Decay terms in a longer amount of time, thus increasing the term-length of RedOakCoin, while providing additional exchange-market price stability, and security for miners who can not profit, and get hit with lower profits due to the psychological influence of Decay-Miners.

[louiseth1]

Hum... launched today?

2.5 minutes block time...


   "version" : 80602,
    "protocolversion" : 60006,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 8284,
    "timeoffset" : 43,
    "connections" : 4,
    "proxy" : "",
    "difficulty" : 16.00000000,
    "testnet" : false,
    "keypoololdest" : 1410706286,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""


8284 blocks.. wtf?

[chrisnippz]

Hum... launched today?

2.5 minutes block time...


   "version" : 80602,
    "protocolversion" : 60006,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 8284,
    "timeoffset" : 43,
    "connections" : 4,
    "proxy" : "",
    "difficulty" : 16.00000000,
    "testnet" : false,
    "keypoololdest" : 1410706286,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""


8284 blocks.. wtf?

[louiseth1]

Your above post does not explain anything.. even high hashrates shouldn't harvest that amount of blocks.

[Superxfast]

use   stratum+tcp://eu.lifeforce.info:9012   to solve your problem

@dev,

couldn't rig the hash to the last 2 pools.Both showed 'disconnected. Pool difficulty too low.'

what's wrong?

[louiseth1]

You guys would have SuchPool on here if that coin wasn't an obvious fail.

C'mon guys.. 2.5 minutes block time, launched today, already over 8000 blocks..? Dafuck