[ANN] chain2 -- Pure SHA256 PoW coin | Real-Time Targeting

nyo_x

sr. member

Activity: 295

Merit: 250

Quote from: dgenr8 on November 19, 2019, 11:07:56 AM

Quote from: nyo_x on November 19, 2019, 10:22:58 AM

... But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

Ok so you did mean kilowatts (KW). Yes, you've got it.

yes, sorry

dgenr8

newbie

Activity: 16

Merit: 1

Quote from: nyo_x on November 19, 2019, 10:22:58 AM

... But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

Ok so you did mean kilowatts (KW). Yes, you've got it.

nyo_x

sr. member

Activity: 295

Merit: 250

Quote from: dgenr8 on November 16, 2019, 12:06:11 PM

Quote from: nyo_x on November 16, 2019, 11:18:21 AM

hash and use x KW

What do you mean? Can you clarify?

Sorry I was just thinking loud. For example: you want POW(no POS, Masternodes...) blockchain with 10min block spacing. This is done so far by looking back to previous x blocks solved at time y, and calculated next block diff(depends on implementation). You made first step in diff retarget intra block. But why to waste electricity between blocks. you can set the diff between blocks to diff, which is way higher than current diff of BTC and after 10min or 9,(xx/sec/)(which is your target) you can drop it to lets say "gpu solvable levels", so the block will be lottery. Doesn't matter if you have 100PH or 100GH. Of course everyone will be mining other coins between your blocks. But you will have still same blocktime and emission of coins like before. Next thing is economy, all the pow coins are valued by electricity spent on mining(so basically if you didn't waste a lot of electricity minnig some POW coin its not valuable). In my opinion, I rather prefer to mine some lottery block, if I'm not whale or don't have enough money to invest into some ICO, IEO..., or I cant mine high hashrate project. Imagine mining every 10 min xy miners with GPU's.

dgenr8

newbie

Activity: 16

Merit: 1

New explorer live at http://explorer.chain2.org/

dgenr8

newbie

Activity: 16

Merit: 1

Quote from: nyo_x on November 16, 2019, 11:18:21 AM

hash and use x KW

What do you mean? Can you clarify?

nyo_x

sr. member

Activity: 295

Merit: 250

Actually Tom,
First of all thank you for posting this, I was thinking about intra block retarget last 4-5 months then I found your implementation. My point was: if you want blockchain with 10mins block spacing, why you would like to hash and use x KW to do it between blocks? I appreciate your white paper(bloody hell much more than I appreciate it). I would like to see some stress test.
nyo_x

dgenr8

newbie

Activity: 16

Merit: 1

Faucet currently offering 1 CTWO

http://faucet.chain2.org/

AltcoinCash

member

Activity: 502

Merit: 15

Building Altcoinchain

New pool!

Chain2 is added to pool.gpuhot.com mining pool.

Legacy address only Undecided

Code:

-a sha256 -o stratum+tcp://pool.gpuhot.com:5250 -u legacy-wallet -p c=CTWO,d=diff

dgenr8

newbie

Activity: 16

Merit: 1

The research paper has been updated. The constant in section 3.3 is now derived rather than just referencing simulation results. Also various other clarifications.

https://github.com/chain2/chain2/blob/master/specifications/rtt.pdf

MiningCoinsPool

member

Activity: 450

Merit: 10

How to get your wallet giving you a legacy wallet to be able to mine on pool :

Download video:
https://miningcoins.ca/Chain2_legacy_wallet.mp4

On YouTube :
https://youtu.be/cpbiYHMe8Ng

MiningCoinsPool

member

Activity: 450

Merit: 10

Somebody 's mining on https://miningcoins.ca with the wrong wallet address format with prefix " CTWO: "

Please start you wallet-qt with the command " -usecashaddr=0 "

It will give you a wallet address with the format like " 1CGFu8RuKSob3tRvyXVdhDsG2wPJ4vM82j "

The pool cannot payout if you don't do this

MiningCoinsPool

member

Activity: 450

Merit: 10

new pool:

https://miningcoins.ca

dgenr8

newbie

Activity: 16

Merit: 1

Quote from: samspaces on October 17, 2019, 02:36:53 PM

What's the point of a chain that reorgs ad infinitum? It's an interesting idea, but practically not really useful.

Yeah, I guess I have to solve that problem too. Do I have to do everything myself? Grin

Someday it might have a majority. So maybe you should mine some now, just in case.

If there is a reorg, just mine on top of it and be glad you didn't waste any resources you couldn't afford to lose, or accept ctwo in exchange for anything of value.

samspaces

legendary

Activity: 1453

Merit: 1030

What's the point of a chain that reorgs ad infinitum? It's an interesting idea, but practically not really useful.

dgenr8

newbie

Activity: 16

Merit: 1

Official binaries are now posted here:

https://github.com/chain2/chain2/releases/tag/v0.11L

The signature in SHA256SUMS.asc is with the same key I used to authenticate all Bitcoin XT releases since 2016, fingerprint = 8F6E DE3A 88F8 6BC6 F982 55D7 F5D9 9379 1A77 8012

MiningCoinsPool

member

Activity: 450

Merit: 10

I believe he was asking for a qt wallet or daemon, already compiled and ready for use

dgenr8

newbie

Activity: 16

Merit: 1

Quote from: Daddygogo on October 15, 2019, 05:51:53 AM

New to mining. Is there a wallet ?

Hi Daddygogo, are you looking for binaries? Working on that. Feel free to join us at https://discord.gg/pydVnNh

Daddygogo

newbie

Activity: 24

Merit: 0

New to mining. Is there a wallet ?

MiningCoinsPool

member

Activity: 450

Merit: 10

http://45.63.9.40/ explorer

If anyone wants to mine it , i installed it on this pool but it might be temporary because its a small pool with low RAM we should get it on another one if we have a lot of miners, i think it can runs max 50 miners something like that , not sure :

https://gnark-mining.com

-a sha256 -o stratum+tcp://gnark-mining.com:3338 -u -p c=CTWO

dgenr8

newbie

Activity: 16

Merit: 1

Thanks MCP!!

Lol no, graphics and front-end are NOT a strength of mine. If you don't feel like pushing pixels either, I'd say just go minimalist (text) for now!

Topic: [ANN] chain2 -- Pure SHA256 PoW coin | Real-Time Targeting (Read 976 times)