New Cryptocurrency

[aelayyan]

Hello,

I just launched my own cryptocurrency on coincreator.net but I have some questions:

1) After downloading the sources and the window binaries, what are the next steps ?
2) How do I mine these coins ? Can I use my Antminer to mine them ?

[cshelswell]

Probably not much point in mining it until you've launched it and got a few people on board or it'll just bomb. Though it probably will anyway if you know very little about it.

You'll need to compile the binaries on your computer. Just google compiling Bitcoin wallet on whatever computer you use. The steps should be the same for you

[pedrog]

Here: https://github.com/coincreator/tutorials/tree/master/tutorials/BFGMining

[aelayyan]

Thank you very much for your replies. What does "a few people" mean ? (10 ?) At what rate will we have to mine in order for it to grow ?

[LuckyBtc]

Hello,

I just launched my own cryptocurrency on coincreator.net but I have some questions:

1) After downloading the sources and the window binaries, what are the next steps ?
2) How do I mine these coins ? Can I use my Antminer to mine them ?

If the coin's algo is SHA-256 then yes you can mine with your Antminer. However you need to have client running on 2 different PC/IP to be able to mine coins.

[aelayyan]

2 IP addresses mining at 1155 GH/s each is sufficient to keep the coin "alive"

[lite]

2 IP addresses mining at 1155 GH/s each is sufficient to keep the coin "alive"

what do you mean by "alive"?

[aelayyan]

Well, when you use coin creator, after the hosting period (alive) is over they shut down the node to which the other nodes tries to connect by default. Hopefully the coin needs to have enough users so their 'hosting' is not needed anymore.

[coinz19]

How many new currencies can the market place handle? Does there become a point when there will be so many choices of new currencies that all lose there relevance? Is this not a possible result?


 

[gentlemand]

You don't think it's already happening?

The world doesn't need any more coins. What communities and developers should be doing is finding actual, practical uses for the ones that already exist.

[Shuai]

You don't think it's already happening?

The world doesn't need any more coins. What communities and developers should be doing is finding actual, practical uses for the ones that already exist.

And if you're a cryptocurrency developer with some great ideas then join bitshares as a delegate and get paid to implement them directly by the blockchain.