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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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fartbags
Legendary
 Offline
Activity: 1190
Merit: 1004
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January 15, 2015, 11:19:05 PM |
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CKC COPY CAT
I don't get the impression that they are working off of the CKC code base at all. The dev of this coin uses big scientific words. CKC looks like they want to put pins on a map. I get a good open source feeling from this coin. |
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Tobler (OP)
Full Member
Offline
Activity: 168
Merit: 111
GeoCoin Creator
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January 15, 2015, 11:39:49 PM |
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CKC COPY CAT
I don't get the impression that they are working off of the CKC code base at all. The dev of this coin uses big scientific words. CKC looks like they want to put pins on a map. I get a good open source feeling from this coin. Hi, yes we are science & analysis driven. As a geo-enthusiast, I hold some CKC but unfortunately I don't think they have delivered any geotechnologies yet. I think we should all support integrating new technologies with crypto. People need to stop supporting coins that have no purpose. I don't think CKC has any GIS developers which would make things really difficult. The only similar thing we have is that we both are developing geocaching technologies. However, this is only 1 geotechnology we are working on and we are taking a very different approach. |
GeoCoin - Bringing GIS Technologies to the blockchain!
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UnicodeEncoding
Member
Offline
Activity: 61
Merit: 10
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January 16, 2015, 08:13:27 AM |
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Not another x11 coin , change algo to something else or why release it at first place.
X11 algo is really a bad choice |
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binary_tree
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January 16, 2015, 02:15:36 PM |
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Miners are not willing to mine X11 aglo coins with GPU to compete with FPGA
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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January 16, 2015, 02:17:36 PM |
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So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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Framauro
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January 16, 2015, 03:00:11 PM
Last edit: January 16, 2015, 04:21:45 PM by Framauro |
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So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
ocminer, are you setting up a pool for this coin?? I love to mine on your pool. I like x11 or x13. |
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Tobler (OP)
Full Member
Offline
Activity: 168
Merit: 111
GeoCoin Creator
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January 16, 2015, 05:32:31 PM |
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Not another x11 coin , change algo to something else or why release it at first place.
X11 algo is really a bad choice Miners are not willing to mine X11 aglo coins with GPU to compete with FPGA
So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
After taking some time to review our algorithm choice, we are switching to Qubit. I'm sorry I didn't realize this at the beginning. Launch will likely be delayed until we can switch algorithms. Update will be made on this thread later today. x11 is out, qubit is in. Thanks to everyone for your comments and helping me come to this realization. |
GeoCoin - Bringing GIS Technologies to the blockchain!
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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January 16, 2015, 05:50:23 PM |
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So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
ocminer, are you setting up a pool for this coin?? I love to mine on your pool. I like x11 or x13. Thanks mate, yes i'll be hosting a pool since they switch to Qubit now which is really an interesting algo and quite rare. @Dev: Good choice ! Give me a short heads up when you're ready and I'll prepare the pool for you. |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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Ingramtg
Legendary
Offline
Activity: 861
Merit: 1000
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January 16, 2015, 06:17:33 PM |
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So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
ocminer, are you setting up a pool for this coin?? I love to mine on your pool. I like x11 or x13. There is no relationship with the algo altcoin choose now all the coin people are no interest |
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Tobler (OP)
Full Member
Offline
Activity: 168
Merit: 111
GeoCoin Creator
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January 16, 2015, 06:57:50 PM |
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So Qubit or X11 ?
Qubit would be really cool.. Had long time no Qubit Pool running...
ocminer, are you setting up a pool for this coin?? I love to mine on your pool. I like x11 or x13. Thanks mate, yes i'll be hosting a pool since they switch to Qubit now which is really an interesting algo and quite rare. @Dev: Good choice ! Give me a short heads up when you're ready and I'll prepare the pool for you. Will do, and thanks for the support! |
GeoCoin - Bringing GIS Technologies to the blockchain!
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gorian
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January 16, 2015, 07:01:25 PM |
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Sounds good, count and me!
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minerpools
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January 16, 2015, 07:14:19 PM |
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I'll have to withdraw from this one, although I do have support for qubit, there's no place to rent from and i won't use my cpus testing this. Success of a coin isn't tied to the algo, but promotion itself. That being said, testing the algo would require time and effort that I'm not willing to invest, good luck with it ocminer. EDIT: There's no such thing as x11/x13 FPGAs, nor will there ever be one (not profitable to build one). Those hashrate spikes are rentals  |
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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January 16, 2015, 07:21:04 PM |
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I'll have to withdraw from this one, although I do have support for qubit, there's no place to rent from and i won't use my cpus testing this. Success of a coin isn't tied to the algo, but promotion itself. That being said, testing the algo would require time and effort that I'm not willing to invest, good luck with it ocminer. EDIT: There's no such thing as x11/x13 FPGAs, nor will there ever be one (not profitable to build one). Those hashrate spikes are rentals I have myriad on qubit running already and can share my source with you (python) if you are interested. Testing would not be necessary as my myrq pool is already running for over a Year, its running fine  |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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pagona
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January 16, 2015, 09:01:06 PM |
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any info on aprox launch time?
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life is amazing
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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January 16, 2015, 09:17:17 PM |
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any info on aprox launch time?
I doubt it will be out anytime this week. They are switching algos. If they can do that in less than a week, I would be impressed. |
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kondiomir
Legendary
Offline
Activity: 1568
Merit: 1000
Twitter @Acimirov
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January 16, 2015, 09:20:35 PM |
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One vote for qubit!
Like this algo. The coin will be different!
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grolll
Legendary
Offline
Activity: 1596
Merit: 1014
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January 16, 2015, 09:25:32 PM |
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-360.000 pow coins
-34.000 premine coins
-%9,4 premine
Real specs.
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HKBvM
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January 16, 2015, 09:36:47 PM |
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The premine is a real killer here. Technically it may be 0.5%, but after a month it is still nearly 10%. It would be completely insane to buy that coin once it hits an exchange.
EMC2 has some kind of mining tax. I wonder why it isnt possible to have a really tiny premine and then add this kind of tax. I am not familliar with the details, but it cant be that comlicated, can it?
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fartbags
Legendary
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Activity: 1190
Merit: 1004
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January 16, 2015, 09:39:43 PM
Last edit: January 17, 2015, 02:46:27 AM by fartbags |
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OP says:
Block Rewards:
1: 34000 (0.5% premine)
2-100 (0 instamine protection)
101-40,000: 10 (~ 1 month)
40,001-80,000:9 (~ 1 month)
80,001-120,000:8 (~ 1 month)
120,001-160,000:7 (~ 1 month)
160,001-200,000:6 (~ 1 month)
200,001-240,000:5 (~ 1 month)
240,001-280,000:4 (~ 1 month)
280,001-320,000:3 (~ 1 month)
320,001-360,000:2 (~ 1 month)
360,001-5,000000:1 (~ 9 years)
= 6,434,000 Total POW Coins
+ Annual POS Interest: 5%
POW coins + POS interest coins > 8,000,000 coins
I'm surprised these low/no premined coins still exist. Investors are completely happy investing into 100% premined coins. They might even like them better than these mined coins. All of the big new coins do 100% premined coins and sell 5% to 10% of the coins to fund the project.
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