Alt-Coin without having to mine using CPU/GPU/ASIC Possible?

d5000

legendary

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Decentralization Maximalist

Quote from: codymanix on October 30, 2013, 09:36:32 AM

The downside is that over time everybody loses a small percentage of money to prevent unlimited money in current.

No. That is Freicoin, not Peercoin. In PPC, the only way to "lose" money is via the destroyed transaction fees.

Also, PPC is a PoW/PoS hybrid, so traditional mining is (for now) required. "Nxt" is an attempt to create a pure PoS coin, but has not launched yet.

codymanix

full member

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Gir: I'm gonna sing the Doom Song now..

Sunny King's PeerCoin (PPC) is what you are looking for. It uses proof of stake instead of proof of work (Latter is what is called mining).

In simple terms the more money you have, the more money is newly generated for you. The downside is that over time everybody loses a small percentage of money to prevent unlimited money in current.

leoragraves666

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Activity: 227

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Quote from: markm on October 26, 2013, 11:04:03 AM

You could make a RIpple-clone.

-MarkM-

And make a ton of money without investing any. Perfect bussines plan

SlyWax

sr. member

Activity: 248

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Money creation only from people :

http://openudc.org

boymok

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BitCoin

Smartcoin, only for smartphones, using smartphone cpu!

Carra23

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Need a campaign manager? PM me

XPM PoW has good value. I am sure in future we will see more PoW coins which have a direct application.

knightmb

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Activity: 308

Merit: 258

Quote from: freigeist on October 26, 2013, 11:09:34 AM

There are not so much info on this coin in this forum lately neither it seems
to be traded on the exchanges or widely used within cryptocoin community
Are there any services created around this coin or that accepts this coin?!
Who is using it?

Timekoin is not a derivative of bitcoin, so these forums would not be the best place to find unbiased info about it. There is a very healthy trade community for it, person to person transactions are common place. As for the exchange question, you would have to ask the people that create the exchanges. They tend to only look around these forums for digital currency to add, but a whole other world exist outside this forum. Wink

uMMcQxCWELNzkt

sr. member

Activity: 406

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Thanks for all most of the input, I will take a look into Timecoin. Also I wont be cloning Ripple from what I have read it has some issues. I don't really want to make another pointless coin so it would need to bring something new to the table.

freigeist

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Activity: 1111

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Quote from: knightmb on October 26, 2013, 11:01:52 AM

Quote from: uMMcQxCWELNzkt on October 26, 2013, 08:55:16 AM

I would like to find out if it is possible to create an alt-coin that uses an alternative method to mining? Perhaps a coin that is time based or one that is mined in relation to a users activities. Mining to me seems a like a waste of energy so I would like to get an idea of the potential possibilities. Also out of interest where could I go to find a alt-coin developer? I realize there are a few tutorials about but I would rather find someone who knows what they are doing. Grin

One was already created years ago and still going strong today. Not so much an alt-coin, but more of a totally different concept and technology all together. Basically not a clone of bitcoin/litecoin or how its concepts work.

You'll find it here -> http://timekoin.org/
More info at Wikipedia -> http://en.wikipedia.org/wiki/Timekoin

There are not so much info on this coin in this forum lately neither it seems
to be traded on the exchanges or widely used within cryptocoin community
Are there any services created around this coin or that accepts this coin?!
Who is using it?

markm

legendary

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Merit: 1090

You could make a RIpple-clone.

-MarkM-

knightmb

sr. member

Activity: 308

Merit: 258

Quote from: uMMcQxCWELNzkt on October 26, 2013, 08:55:16 AM

I would like to find out if it is possible to create an alt-coin that uses an alternative method to mining? Perhaps a coin that is time based or one that is mined in relation to a users activities. Mining to me seems a like a waste of energy so I would like to get an idea of the potential possibilities. Also out of interest where could I go to find a alt-coin developer? I realize there are a few tutorials about but I would rather find someone who knows what they are doing. Grin

One was already created years ago and still going strong today. Not so much an alt-coin, but more of a totally different concept and technology all together. Basically not a clone of bitcoin/litecoin or how its concepts work.

You'll find it here -> http://timekoin.org/
More info at Wikipedia -> http://en.wikipedia.org/wiki/Timekoin

pliznau

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Activity: 182

Merit: 100

You can make a regular coin and set up only one pool or a web site with ads and people get their coins by how much time they stay on that particular page. Set an amount of coins to be released at a certain interval per account/ip and the more accounts online at a certain moment sets the difficulty. And i recommend an ads website for a small revenue to maintain the server.

leoragraves666

full member

Activity: 227

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Nowdays everything has some kind of computing power. Even my LG dishwasher, would be nice if someone put that to use Grin

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Sure it's possible, you could just require that the miner send "hello" in to mine a block, but limit the amount of blocks you can mine to one per day per ip address. But then you'd have a botnet come in with 1 million computers and mine all the blocks in one day.

snailbrain

legendary

Activity: 1807

Merit: 1020

Light Coin, using photons

(also huntercoin and chronokings :d)

illpoet

sr. member

Activity: 341

Merit: 250

thats cool thing about being on the frontier of a brand new technology, the possibilities are endless!

Tranz

legendary

Activity: 1540

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May the force bit with you.

Your best bet is a PoS coin. Technically it is still mining, but very efficient. It can be done with even just 1% of the CPU, and the wallet only has to be brought up every once in a while depending on the coin.

uMMcQxCWELNzkt

sr. member

Activity: 406

Merit: 250

Quote from: loveys on October 26, 2013, 09:01:02 AM

Quote from: Aspen on October 26, 2013, 08:57:36 AM

Mining with HDD will be fine. I will get advantage with my SSD, jajaja...

sound card,network card!

Sound coin Grin

, but seriously is raw computing power necessary?

NaNaec

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Alt-Coin without having to mine using CPU/GPU/ASIC Possible?...

Try it on the vacuum cleaner?

loveys

sr. member

Activity: 399

Merit: 250

Quote from: Aspen on October 26, 2013, 08:57:36 AM

Mining with HDD will be fine. I will get advantage with my SSD, jajaja...

sound card,network card!

Topic: Alt-Coin without having to mine using CPU/GPU/ASIC Possible? (Read 1779 times)