[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 73.

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: Hazard on May 13, 2013, 11:10:11 PM

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This will accomplish the following:

* DDOSing pools to decrease difficulty will accomplish absoluetly nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when nethashrate goes down (i.e. feathercoin)

No... Just no. Stop it.

Devianttwo

sr. member

Activity: 294

Merit: 250

I like it hazard. Keep me informed. If you actually make this coin I'll be your first pool

saudibull

newbie

Activity: 28

Merit: 0

Well, if milkshake was true to his word on the coin, he would have surely come to the board to answer questions - not responding to anything looks more and more like he saw that the community figured out his scam, and is now running away ..... who knows

TheSwede75

full member

Activity: 224

Merit: 100

QUICK! Someone launch an Altcoin! There will be like 1000 nerds here in 2 hours with total 'premine blue-balls' if they don't have some kind of scam to throw their GPU power at!!

joehop67

member

Activity: 87

Merit: 10

Quote from: Hazard on May 13, 2013, 11:10:11 PM

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This will accomplish the following:

* DDOSing pools to decrease difficulty will accomplish absoluetly nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when nethashrate goes down (i.e. feathercoin)

Wait... is this going to be a real coin?

shaal

member

Activity: 112

Merit: 10

I thought things couldn't get much worse after Gamecoin and there block chain shenanigans, Then we had Powercoin which was 'Confirmed' to be on BTER and then it was proven to be a lie. And now coin. So tomorrows coin is going to be exciting... how much worse can it get.

My predictions is limitless (a self confessed scammer) starts his own coin!!!

Hazard

legendary

Activity: 980

Merit: 1000

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This will accomplish the following:

* DDOSing pools to decrease difficulty will accomplish absoluetly nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when nethashrate goes down (i.e. feathercoin)

Petr1fied

hero member

Activity: 630

Merit: 502

Quote from: Hazard on May 13, 2013, 11:02:29 PM

Quote from: WindMaster on May 13, 2013, 11:00:50 PM

{
"version" : 60300,
"protocolversion" : 60001,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 0,
"connections" : 0,
"proxy" : "",
"difficulty" : 0.00024414,
"testnet" : false,
"keypoololdest" : 1368503911,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}

Hmm, depending whether Hazard's ZIP file contains the actual source from Milkshake, that seems like an awefully low starting difficulty, even if not pre-mined.

Yes, that is the default litecoin starting difficulty. It wasn't changed.

Quote from: fenican on May 13, 2013, 11:00:59 PM

Maybe you mined it

To generate 1360 blocks would take much longer than the time between his PM to me, and my post about it on the board. Theory disproven.

Can confirm this. Just compiled the daemon on Windows.

Code:

C:\elacoin-master\src>elacoind getinfo
{
   "version" : 60300,
   "protocolversion" : 60001,
   "walletversion" : 60000,
   "balance" : 0.00000000,
   "blocks" : 0,
   "connections" : 0,
   "proxy" : "",
   "difficulty" : 0.00024414,
   "testnet" : false,
   "keypoololdest" : 1368504032,
   "keypoolsize" : 101,
   "paytxfee" : 0.00000000,
   "mininput" : 0.00010000,
   "errors" : ""
}

joehop67

member

Activity: 87

Merit: 10

Quote from: rosefox911 on May 13, 2013, 11:06:39 PM

Quote from: joehop67 on May 13, 2013, 11:05:08 PM

Quote from: Kinetic915 on May 13, 2013, 11:02:00 PM

Quote from: rosefox911 on May 13, 2013, 10:59:39 PM

Quote from: Kinetic915 on May 13, 2013, 10:56:01 PM

seems like he put a decent amount of work into making that website.

It uses a bootstrap... Anyone with basic HTML/CSS knowledge could make it.

im just saying if he seemed to be planning it out pretty well. Making the mistake of sending source code to be compiled by another member of the forum seems like a pretty big mistake if he wanted to pull this off.

Or maybe he wanted to end the scam quickly... possibly a sudden change of heart that he didn't want to admit that this was a scam?

That's naive. Why wouldn't he just post it in the topic?

I don't know. Maybe so he could get some uproar and then ride in on a white horse and save his coin*?

kzetts

newbie

Activity: 36

Merit: 0

http://community.us.playstation.com/t5/image/serverpage/image-id/76023iA69AD4A2FF47E2A0/image-size/original?v=mpbl-1&px=-1

nocoin

full member

Activity: 168

Merit: 100

Quote from: Hazard on May 13, 2013, 11:02:29 PM

To generate 1360 blocks would take much longer than the time between his PM to me, and my post about it on the board. Theory disproven.

No it wouldn't. On 0.000~ diffculty you can generate 1300 blocks in couple hours.

Hazard

legendary

Activity: 980

Merit: 1000

Quote from: Kinetic915 on May 13, 2013, 11:06:32 PM

Quote from: Hazard on May 13, 2013, 11:05:40 PM

Perhaps I should take this opportunity to make HazardCoin? I know how to compile my own code, and won't premine a blockchain! Shocked

Awesome! or are you milkshake in disguise.......

dun dun DUNNNNN Grin

The plot thickens!

alex_fun

full member

Activity: 196

Merit: 100

At least then make 24 hr announcement and some changes imo Cheesy

Quote from: Hazard on May 13, 2013, 11:05:40 PM

Perhaps I should take this opportunity to make HazardCoin? I know how to compile my own code, and won't premine a blockchain! Shocked

rosefox911

newbie

Activity: 42

Merit: 0

Quote from: joehop67 on May 13, 2013, 11:05:08 PM

Quote from: Kinetic915 on May 13, 2013, 11:02:00 PM

Quote from: rosefox911 on May 13, 2013, 10:59:39 PM

Quote from: Kinetic915 on May 13, 2013, 10:56:01 PM

seems like he put a decent amount of work into making that website.

It uses a bootstrap... Anyone with basic HTML/CSS knowledge could make it.

im just saying if he seemed to be planning it out pretty well. Making the mistake of sending source code to be compiled by another member of the forum seems like a pretty big mistake if he wanted to pull this off.

Or maybe he wanted to end the scam quickly... possibly a sudden change of heart that he didn't want to admit that this was a scam?

That's naive. Why wouldn't he just post it in the topic?

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: Hazard on May 13, 2013, 11:05:40 PM

Perhaps I should take this opportunity to make HazardCoin? I know how to compile my own code, and won't premine a blockchain! Shocked

Awesome! or are you milkshake in disguise.......

dun dun DUNNNNN Grin

Hazard

legendary

Activity: 980

Merit: 1000

Perhaps I should take this opportunity to make HazardCoin? I know how to compile my own code, and won't premine a blockchain! Shocked

Devianttwo

sr. member

Activity: 294

Merit: 250

Ok thats good.

joehop67

member

Activity: 87

Merit: 10

Quote from: Kinetic915 on May 13, 2013, 11:02:00 PM

Quote from: rosefox911 on May 13, 2013, 10:59:39 PM

Quote from: Kinetic915 on May 13, 2013, 10:56:01 PM

seems like he put a decent amount of work into making that website.

It uses a bootstrap... Anyone with basic HTML/CSS knowledge could make it.

im just saying if he seemed to be planning it out pretty well. Making the mistake of sending source code to be compiled by another member of the forum seems like a pretty big mistake if he wanted to pull this off.

Or maybe he wanted to end the scam quickly... possibly a sudden change of heart that he didn't want to admit that this was a scam?

fenican

hero member

Activity: 1395

Merit: 505

OK well this is certainly a bit fishy I guess all we can do is wait for the OP to respond

Prelude

legendary

Activity: 1596

Merit: 1000

Ahhhhhhhh... Speculation and FUD. Gotta love it.

*grabs popcorn*

Topic: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 73. (Read 133971 times)