[ANN] Kryptohash | Brand new PoW algo | 320bit hash | ed25519 | PID algo for dif

[WORE]

dont waste your time
testing rewards

 i placed block 9143 with wrong block reward to network to test it

I saw the use of 50 + RND subsidy X at block height X and didn't like that either, but potential for open sourced type abuse diminishes with time.  Use of RND should have been a peer election process.

[wr104]

dont waste your time
testing rewards

 i placed block 9143 with wrong block reward to network to test it

I saw the use of 50 + RND subsidy X at block height X and didn't like that either, but potential for open sourced type abuse diminishes with time.  Use of RND should have been a peer election process.

It is not truly random. The PRNG is seeded with the hash of the previous block.  Every wallet should calculate the same pseudo-random reward value.

[wr104]

Are you guys still at block 9142?

[Riseman]

Are you guys still at block 9142?

Yes, it's been more than an hour.

[wr104]

This is what I got

2014-12-14 20:57:29 UpdateTip: new best=00000000341C4091BD4BCB6A29CF5CAC1CFF12B8FC9B640444F6F3F92671C670A87E85C95637C4A6  height=9142  log2_work=41.854298  tx=23522  TxTime=2014-12-14 20:39:33  nTime=1062110  progress=0.000005
2014-12-14 20:57:29 ProcessBlock: ACCEPTED

[berbip]

This coin is a bumpy ride, but i like it
when will nonce-pool be back up ?

[Riseman]

This coin is a bumpy ride, but i like it

That's what I think. Updates and forks almost every day. Doesn't leave you bored 

[WORE]

This coin is a bumpy ride, but i like it
when will nonce-pool be back up ?

They should script running wallet version to be displayed on their site so folks will trust it, also might be good to script latest release version displayed too.

[nonce-pool]

Pool is back up.

[SpeedDemon13]

What is the max coin supply for this coin? What future services/products/features are going to be added to this coin later down the road?

The block explorer shows 2551 H/s and the pool shows 5256.861 kh/s. What is the total network hashrate at the moment?

What's the power consumption on average compared to other algos? ie. X11, Lycra2RE, etc....

[wr104]

What is the max coin supply for this coin? What future services/products/features are going to be added to this coin later down the road?

The block explorer shows 2551 H/s and the pool shows 5256.861 kh/s. What is the total network hashrate at the moment?

What's the power consumption on average compared to other algos? ie. X11, Lycra2RE, etc....

Currently, there is no hard coded limit to the total coin supply as any limit would make KHC a 'de facto' deflationary coin.  

After block 125,000 gets mined, there will be 50 new KHCs per block. Assuming that the Diff algorithm keeps the network mining 1 block every 3 minutes on average, we are looking at 8,760,000 new KHCs per year.

However, that 50 KHC value per block could eventually be adjusted to control the coin inflation.  But, this will be subjected to a vote as it will impact miners revenue and could put the network at risk (even though a cut to the reward could help the coin price go up in the short term, it might encourage miners to move to another coin).  
Also, if there is an adjustment to the reward value, it won't happen overnight. It will be announced with at least 100,000 blocks in advance as it will require a mandatory upgrade for everybody. (example: beginning at block 500,000, the reward per block will be reduced to 10 KHC).


Future features are TBD.  I'm currently working on my To Do list (see OP) and on getting the GPU miner app fixed so, people can use all their GPUs for KHC mining.

[SpeedDemon13]

What is the max coin supply for this coin? What future services/products/features are going to be added to this coin later down the road?

The block explorer shows 2551 H/s and the pool shows 5256.861 kh/s. What is the total network hashrate at the moment?

What's the power consumption on average compared to other algos? ie. X11, Lycra2RE, etc....

Currently, there is no hard coded limit to the total coin supply as any limit would make KHC a 'de facto' deflationary coin.  

After block 125,000 gets mined, there will be 50 new KHCs per block. Assuming that the Diff algorithm keeps the network mining 1 block every 3 minutes on average, we are looking at 8,760,000 new KHCs per year.

However, that 50 KHC value per block could eventually be adjusted to control the coin inflation.  But, this will be subjected to a vote as it will impact miners revenue and could put the network at risk (even though a cut to the reward could help the coin price go up in the short term, it might encourage miners to move to another coin).  
Also, if there is an adjustment to the reward value, it won't happen overnight. It will be announced with at least 100,000 blocks in advance as it will require a mandatory upgrade for everybody. (example: beginning at block 500,000, the reward per block will be reduced to 10 KHC).


Future features are TBD.  I'm currently working on my To Do list (see OP) and on getting the GPU miner app fixed so, people can use all their GPUs for KHC mining.

Oh ok, thanks for the explanation of the coin supply. Maybe shorten the diff re-targeting?

What's the issue with multiple gpus per system? I'm mining with two systems with one gpu each.

[KeyserSozeMC]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

[SpeedDemon13]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

[WORE]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

Yes, and only one pool, and that is probably a good thing for the moment.  There has been a little trouble getting PID to work correctly and consistently cross platform, but it looks like dev got it nailed down now.

[KeyserSozeMC]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

[wr104]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

Yes, and only one pool, and that is probably a good thing for the moment.  There has been a little trouble getting PID to work correctly and consistently cross platform, but it looks like dev got it nailed down now.

Knocking on wood.

Now that things have stabilized, I won't be releasing another Wallet till next year and will begin spending 100% my time on getting the sgminer-khc fork working.

[WORE]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

Yes, and only one pool, and that is probably a good thing for the moment.  There has been a little trouble getting PID to work correctly and consistently cross platform, but it looks like dev got it nailed down now.

Knocking on wood.

Now that things have stabilized, I won't be releasing another Wallet till next year and will begin spending 100% my time on getting the sgminer-khc fork working.

Maybe for Christmas?

[wr104]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

Yes, and only one pool, and that is probably a good thing for the moment.  There has been a little trouble getting PID to work correctly and consistently cross platform, but it looks like dev got it nailed down now.

Knocking on wood.

Now that things have stabilized, I won't be releasing another Wallet till next year and will begin spending 100% my time on getting the sgminer-khc fork working.

Maybe for Christmas?

Perhaps by xmas
My vacations start tomorrow and will be back at work first week of January so, I have almost 3 weeks to get this thing done.
 

[SpeedDemon13]

I am buying BTC0.5 worth of Kryptohash. PM me with your price/quantity. I have my price as well. ( Which is above buy price on lazycoins )

Is LazyCoins the only exchange for this coin at the moment?

Yes, and only one pool, and that is probably a good thing for the moment.  There has been a little trouble getting PID to work correctly and consistently cross platform, but it looks like dev got it nailed down now.

Knocking on wood.

Now that things have stabilized, I won't be releasing another Wallet till next year and will begin spending 100% my time on getting the sgminer-khc fork working.

Maybe for Christmas?

Perhaps by xmas
My vacations start tomorrow and will be back at work first week of January so, I have almost 3 weeks to get this thing done.
 

Good it stays on one exchange for the time being, maybe get this on coinmarketcap.com also.

Hopefully, you can get the miner update in the next couple of weeks. Thanks for being responsive on the thread....