Topic: [ANN] 0pticoin (0TC) - Release Date: May 15, 2013 - Postponed ~1 month [ANN] - page 8. (Read 18840 times)

Seems like an interesting experiment. Since this alt-coin actually aims at trying to solve something, I will help mining.

Seriously most other alt-coins just clones or trying to solve problems that don't exist or in a very wrong way.

While you have some valid points, I believe you should remember the experimental nature behind *all* of these coins. Recently, it seems, people have lost their heads. At least c4n10 has a plan, and it's an interesting one at that.... I'm watching and probably mining this, just like MC2/netcoin.


Take note: he is making the experimental nature pretty damn clear when other coins (ahem, trc, mincoin) had/have clear flaws that anyone with a basic understanding could spot from the start. Opticoin also appears to be one of the fairest launches of late. It's time for you children to scrutinize what exactly makes any cryptocurrency valuable. Hint: it isn't imbalanced 'scarcity', especially without any unique utility. 

Well, if it walks like a duck and quacks like a duck.. It's probably MinCoin
Check out the blockchain, what a clusterfuck of scammyness. First pre-mine was at the rate of 24.000 coins in 7 miutes @ 500 block reward. Introduced @ 2 coins per block with 1.5 diff.

Solid 'development' effort.

It would probably make more sense to have the starting difficulty high enough that it will take about a day to mine the first block if only a few people get aboard, but let the rewards start anyway so come the end of the first day if only a few people did get aboard one of them would get a reward.

Maybe seeing osmeone did get a reward might bring more miners aboard, so maybe more than one block would get solved the second day, meanwhile more people would at least become aware that the launch has begun.

By the third day anyone who happened to have the first two days be their equivalent of a weekend, or happen to co-incide with a multiple shift super heavy set of work hours, might hear about the launch for the first time.

By the end of the first week maybe enough people will be aboard that blocks will be getting solved not a whole lot slower than their target time.

Whenever some big farm does jump on the chain though, blocks are going to come really really fast unless by then the difficulty is still pretty darn high.

You will need one of the good adaptive-difficulty routines too, not one of the ones that just make the difficulty rollercoaster exploit faster and easier and maybe also more effective.

Merged mining might help though, especially since you seem to be planning a bunch of blockchains; they might as well all be mined together, yes? So merged mining probably makes a lot of sense for this project.

-MarkM-

Basically I think the way to spot a BS pump-and-dump alt is if the only change in the clone is that they mucked with block generation (time/amount/etc).

Well, if it walks like a duck and quacks like a duck....

Unfortunately , I see this as an issue as well.

As for testing miners, why?. Other then changing a port (either in the miner or in the daemon config) or maybe an IP address if pool mining, all other settings will stay the same.

Do not get me wrong, I understand what the OP is trying to do, the problem with his solution is simple. It costs money to mine.

For example, to power up my 3 rigs, requires a little over 2000 watts of power.

I am sure some miners will be charitable and donate their electrical costs for the first 1000 blocks, maybe after looking more closely at the project I might even do that.

However, what do you think the vast majority of miners are going to do?

Wait till block 999 and fire up, meaning the "testing" of the first 999 blocks will be pretty much invalid.


I guess if the true goal is to get everybody on board at the same time, it might work, but it depends on how fast the first 1000 blocks are mined.

UPDATE:

Updated description with initial starting difficulty which will be ~0.25

Correct.

The current BPH/Diff-Retarget scheme should generate ~960 blocks/day so there will basically be no rewards for day 1 so everyone has a fair chance to review the code, download the client, test/configure their miners, etc...

so tomorrow the mining will yield Coins with no value?

Everyone will mine these block for testing their miners.

Probably the same people who mined the first 17,280 blocks with no reward when SmallChange was released...

Who will mine these blocks then?

Huh...? Who's advertising...?

The majority of those people who announce a coin, postpone it and then disappear are people who thought "Oh, I should make my own coin, how hard could it be, just make a couple edits here and there to this code, shouldn't be too hard".

They edit the code, make their announcement and then realize they have no idea how to create the genesis block, can't find the answers anywhere, no one will help them and so they give up.

I already successfully created my own trial genesis block (which is really the hardest part IMHO) before I made my announcement.

The rest now is editing/adding code for my desired features (which is the easy part).

Why advertise on Bitcointalk? Much cheaper to just 'announce' a coin, post your advertising to the post footer and in a link and watch the views and clicks roll in...

hahaha

The OP should support the recent tradition - postpone this release and then just disappear...

Let's be honest, most of the people on the forums would be people you'd want to avoid AFK. Great response and best of luck with your test.

So, ... I heard 0pticoin is the new yacoin? 

simply base it off last blocks hash? or last 5 blocks? it's not like there's gonana be a rand()%100 == 1