|ANN| PencilCoin [PENCL] [X13] [250 day mining] v1.0.0.1

[PenclCoin]

http://s017.radikal.ru/i420/1502/f9/127c493baf13.png

http://icons.iconarchive.com/icons/ampeross/qetto/48/windows-icon.png   http://icons.iconarchive.com/icons/designbolts/free-cute-shaded-social/48/Github-icon.png http://icons.iconarchive.com/icons/bokehlicia/pacifica/48/twitter-icon.png

http://s017.radikal.ru/i400/1502/cf/8e62076d52aa.png

PencilCoin VERSION v1.0.0.1   rpc port: 35002 port: 35001

PencilCoin is a peer-to-peer X13 / Proof of Stake hybrid digital currency with an initial Proof of Work mining distribution period lasting 428,142 Blocks (285 day) . After the initial mining distribution period is over, the network will transition into an energy efficient X13 PoW / PoS hybrid algorithm which will reward balance holders on the network a 25% annual interest.

Info (edit 8.03.15)

If the wallet is not sync:

• Delete the folder contents AppData\Roaming\PencilCoin, except wallet.dat
• Add node pencilcoin.conf:
  addnode=136.169.60.25
  addnode=178.33.126.221
  addnode=54.200.158.214
  addnode=67.8.38.82
  addnode=2.62.49.216
  addnode=198.144.182.49
  addnode=stratumtest.ddns.net
  addnode=79.248.25.26
  addnode=136.169.60.25
  addnode=178.33.126.221
  addnode=54.200.158.214
  addnode=67.8.38.82
  addnode=2.62.49.216
  addnode=96.2.40.126
  addnode=pencl.binpool.com
• Launch wallet.

News

23.02.2015 - Launch PencilCoin v1.0.0.0
24.02.2015 - PencilCoin VERSION v1.0.0.1 released |Fix send coins| https://www.mediafire.com/?knb4fdd9cabzla2
                 - PencilCoin in Twitter https://twitter.com/pencil_coin

28.02.2015 - Welcome PENCL POOL http://s017.radikal.ru/i400/1502/cf/8e62076d52aa.png

Specifications

• X13 Algorithm
• Total Coins: 30 000 000 PENCL
• Block Reward: 70 PENCL
• Total Blocks: 428,142
• Fees: Minimum transaction fee of 0.001
• Stake Interest: 25%
• Confirmations on Mined Blocks: 50
• Confirmations on Transactions: 7
• Block time: 60 seconds
• Minimum age 1 hour
• Max age 8 hours
• Premine 0.1% for bounties

Downloads

Wallet VERSION v1.0.0.1:

• Windows https://www.mediafire.com/?knb4fdd9cabzla2
• Source Code https://github.com/PencilCoin/PencilCoin

CPU Miner

• http://www.mediafire.com/download/qs55o275x0g68px  CPUMiner
• http://www.mediafire.com/download/b4j7azk7z5tfava/CPUMinerX13_X64.zip (x64 CPUminer)
• http://www.mediafire.com/download/yfxngnrx9hy1oby/CPUMinerX13_X86.zip (x86 CPUminer)

GPU Miner:

• https://bitcointalk.org/index.php?topic=475795.0

Bounties

• PencilCoin Pool 700 PENCL
• MAC OSX / Mobile Wallet creation 2500 PENCL
• Block explorers 1200 PENCL
• First 2 exchanges 3000 PENCL
• PencilCoin promotional website 5000 PENCL
• Dice site 1000 PENCL
• Groups in social networks 200 PENCL
• Translation 200 PENCL

Exchange

Pool

http://s017.radikal.ru/i400/1502/cf/8e62076d52aa.png

Block Explorer

Links

http://icons.iconarchive.com/icons/bokehlicia/pacifica/72/twitter-icon.png

[najzenmajsen]

Dev , we'd like a working windows wallet on launch , aswell as a trustworthy pool '-'
dont dissapoint us ! : >

[ocminer]

the pencil

EDIT: When will it launch ?

[Shadow_Runner]

2 hours 42 minutes

[najzenmajsen]

2 hours 42 minutes

uhm , where do you see that shadowrunner ? cause i cant see it in the ann thread atm?

[wisnon]

Premine 0.1% =428 Block

[Shadow_Runner]

2 hours 42 minutes

uhm , where do you see that shadowrunner ? cause i cant see it in the ann thread atm?

[totoy]

2 hours 42 minutes

uhm , where do you see that shadowrunner ? cause i cant see it in the ann thread atm?

nice. thanks.

[TimC]

2 hours 42 minutes

uhm , where do you see that shadowrunner ? cause i cant see it in the ann thread atm?

nice. thanks.

That is a clickable link that take you to the countdown timer.

[PenclCoin]

Premine 0.1% =428 Block

50 Block* 600 coin

[najzenmajsen]

2 hours 42 minutes

uhm , where do you see that shadowrunner ? cause i cant see it in the ann thread atm?

wow , dayum thank you DEV maybe you should put it abit more in the centre so people see it ? :  P or maybe i was the only retard here looking for it but couldnt find it ^^

[TimC]

Premine 0.1% =428 Block

50 Block* 600 coin

Total Coins: 30 000 000 PENCL
Block Reward: 70 PENCL
Total Blocks: 428,142

What are you trying to say? 50 blocks with 70 coins per block is 3500 coins.

[wisnon]

Premine 0.1% =428 Block

50 Block* 600 coin

Block Reward: 70 PENCL？？？

[bithasher]

This coin looks cool and I am going to keep eye on the launch . It should launch now .

[TimC]

Premine 0.1% =428 Block

50 Block* 600 coin

Total Coins: 30 000 000 PENCL
Block Reward: 70 PENCL
Total Blocks: 428,142

What are you trying to say? 50 blocks with 70 coins per block is 3500 coins.

Premine 0.1% for bounties
Block Reward: 70 PENCL
Total Blocks: 428,142

428142 * 0.1% =  428

428 block * 70 coins per block = 29960 coins

[PenclCoin]

Premine 0.1% =428 Block

50 Block* 600 coin

Block Reward: 70 PENCL？？？

static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 70 * COIN;

    if(nHeight <= 50)
   nSubsidy = 600 * COIN; // first 50 blocks are 600 coin reward
   
    return nSubsidy + nFees;

[Shadow_Runner]

Premine is 30 000.
Block reward is 70.
So actually premine can be compared to 428 blocks.
Doesn't matter 1 block is 30 000 or 50 * 600.

[candlesticks]

[wisnon]

Premine is 30 000.
Block reward is 70.
So actually premine can be compared to 428 blocks.
Doesn't matter 1 block is 30 000 or 50 * 600.

lol

[TimC]

static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 70 * COIN;

    if(nHeight <= 50)
   nSubsidy = 600 * COIN; // first 50 blocks are 600 coin reward
   
    return nSubsidy + nFees;

Ok. You mined 29960 coins within the first 50 blocks and what will the starting diff be since it now on block 51?