[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 87.

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Quote from: Devianttwo on May 13, 2013, 05:20:32 PM

Quote from: Isaacariah on May 13, 2013, 05:18:19 PM

Can the pool operator please confirm that at launch we can mine straight away and start stashing our coins with the pool until an EXE is released?

As soon as he Updates the Linux files which I'm sure will be first I will have the pool up and running. I already ran a TestNet with the current github version which is not the finalized version and everything worked fine. I erased the results ofc but there was one other person who found out I was running testnet and hoped on. Just made sure shares where counting and then we shut it off. Waiting on GitHub update and coin release. once this is done I will start the pool up.

Great!

To calculate the block reward, you need to know the difficulty and the block number, which should be easy:

((1 + int(diff / 24)) / (1 + (height / 194400))

The linux source code will be pushed out to github with the official release! We're working with some people to get Windows binaries compiled too. Everyone excited? Cheesy

rosefox911

newbie

Activity: 42

Merit: 0

Quote from: Devianttwo on May 13, 2013, 05:14:44 PM

Quote from: rosefox911 on May 13, 2013, 05:13:13 PM

Quote from: Devianttwo on May 13, 2013, 05:11:52 PM

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.

This place has a 10% pool fee. There is no way in hell that is worth it.

Old setting... Fixed it.

5% still seems steep to me... Why would I pool mine when the difficulty is going to be so easy I could solo mine without a fee? I would change it to 1% or something of the like. Just my 2 cents. I'll keep an eye on your pool though, based on the fee I might move my 5.2 MH/s to there or solo mine.

Devianttwo

sr. member

Activity: 294

Merit: 250

Quote from: Isaacariah on May 13, 2013, 05:18:19 PM

Can the pool operator please confirm that at launch we can mine straight away and start stashing our coins with the pool until an EXE is released?

As soon as he Updates the Linux files which I'm sure will be first I will have the pool up and running. I already ran a TestNet with the current github version which is not the finalized version and everything worked fine. I erased the results ofc but there was one other person who found out I was running testnet and hoped on. Just made sure shares where counting and then we shut it off. Waiting on GitHub update and coin release. once this is done I will start the pool up.

Isaacariah

newbie

Activity: 42

Merit: 0

Can the pool operator please confirm that at launch we can mine straight away and start stashing our coins with the pool until an EXE is released?

rouf553

full member

Activity: 140

Merit: 100

7 hours 43 minutes left.

Vorksholk

legendary

Activity: 1713

Merit: 1029

Looks very interesting.

Devianttwo

sr. member

Activity: 294

Merit: 250

Quote from: rosefox911 on May 13, 2013, 05:13:13 PM

Quote from: Devianttwo on May 13, 2013, 05:11:52 PM

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.

This place has a 10% pool fee. There is no way in hell that is worth it.

Old setting... Fixed it.

rosefox911

newbie

Activity: 42

Merit: 0

Quote from: Devianttwo on May 13, 2013, 05:11:52 PM

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.

This place has a 10% pool fee. There is no way in hell that is worth it.

Devianttwo

sr. member

Activity: 294

Merit: 250

Just a reminder guys! Lets try not to kill all the orphans! http://elc.hackshardgaming.net register there and the pool will be up as soon as the coin is released.
Also a note. when I started all this up for testing I already saw the Genesis block listed. Doesn't mater though since you can't connect to the network yet as he has it off on purpose.

jomay

full member

Activity: 167

Merit: 100

Quote from: 🏰 TradeFortress 🏰 on May 13, 2013, 05:07:38 PM

Quote from: mr_random on May 13, 2013, 05:03:01 PM

Quote from: thesnoo23 on May 13, 2013, 04:50:55 PM

Quote from: mr_random on May 13, 2013, 04:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.

constant - for the individual miner
but overall: monetary hyperinflation.

But it won't get there, it'll die because nobody with brains will buy it.

rosefox911

newbie

Activity: 42

Merit: 0

It will be released at 2 AM Eastern Time. Not sure where you people are getting 6 AM EST from.

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: hercules on May 13, 2013, 04:43:46 PM

I'd like to know if it is normal that I get this error message:

elacoind: main.cpp:2078: bool LoadBlockIndex(bool): Assertion `block.hashMerkleRoot == uint256("0x97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9")' failed.

Do I have to start the daemon only AFTER the genesis block is released?

No by all means, start mining without genesis block. Report back on progress! Roll Eyes

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: mr_random on May 13, 2013, 05:03:01 PM

Quote from: thesnoo23 on May 13, 2013, 04:50:55 PM

Quote from: mr_random on May 13, 2013, 04:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.

aikklond

legendary

Activity: 1148

Merit: 1000

Quote from: mr_random on May 13, 2013, 05:03:01 PM

Quote from: thesnoo23 on May 13, 2013, 04:50:55 PM

Quote from: mr_random on May 13, 2013, 04:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

this denies a Feather Coin situation.

WindMaster

sr. member

Activity: 347

Merit: 250

Quote from: hercules on May 13, 2013, 04:43:46 PM

I'd like to know if it is normal that I get this error message:

elacoind: main.cpp:2078: bool LoadBlockIndex(bool): Assertion `block.hashMerkleRoot == uint256("0x97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9")' failed.

Do I have to start the daemon only AFTER the genesis block is released?

Yeah, that assertion in the code verifies the correct genesis block. What you'll need to do is do a new git pull (or clone) when the final daemon is released. If you're bored, you can also just remove the assertions in main.cpp, remove the always false "if ( false && " condition after the second assertion, recompile, and proceed to mine your own genesis block and start testing. It won't be the right genesis block once the coin is released though and the genesis block hash is probably going to get changed in the final git version.

jomay

full member

Activity: 167

Merit: 100

Quote from: ?? on ??

Quote from: thesnoo23 on May 13, 2013, 04:50:55 PM

Quote from: mr_random on May 13, 2013, 04:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Yes, in hyperinflation manner, but since you crapcoin supporters don't know anything about money supply anyway it will probably work for you. For a while. Cheesy

+1
I also mentioned it in my prev post. My post was probably too long for peoples short attention span disorder.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: thesnoo23 on May 13, 2013, 04:50:55 PM

Quote from: mr_random on May 13, 2013, 04:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: MobGod on May 13, 2013, 04:56:20 PM

I know a lot of people asked but the timne for release is 6:00 am EST or do i have the wrong? Also where are the files for this no git?

Should be 2AM Eastern accoring to the first post's timestamp

Northwave

full member

Activity: 130

Merit: 100

Someone integrates this in a pool ?

I have problems with cgminer running Solo Sad

MobGod

hero member

Activity: 532

Merit: 500

I know a lot of people asked but the timne for release is 6:00 am EST or do i have the wrong? Also where are the files for this no git?

Topic: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 87. (Read 133952 times)