[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 99.

Milkshake

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Activity: 98

Merit: 10

Milkshake

Quote from: Schwede65 on May 13, 2013, 01:10:52 AM

Quote from: Milkshake on May 13, 2013, 01:09:03 AM

Quote from: Schwede65 on May 13, 2013, 01:07:02 AM

please give the sources and binaries before the start - to test this software - to make it a little bit fairer to mine it for all

The sources are already available, however, the graphics have not being changed yet, and there is no genesis block. The genesis block will be announced when the coin has officially launched. You're free to generate your own genesis block (just remove 'false ||', compile and run elacoind) and test it out.

yeah - fine - are the windows-binaries available?

Not yet. Elacoin is not formally released, this is just an announcement. Elacoin Windows binaries will be available and checksum'd for launch.

Quote from: Cyberdyne on May 13, 2013, 01:10:44 AM

Can we offer contracts of exchange before it's even released?

Who will agree to sell me 10000 elacoins for 10 LTC total? Cheesy

*handshake agreement*

That would be a very bad deal (to the person who's selling ELC

)

bohanz

member

Activity: 70

Merit: 10

Yeah let's get some futures going on what I assume will be denoted ELC

chedigital

full member

Activity: 140

Merit: 100

WOW SUCH COIN

Thanks for the advance notice

Schwede65

sr. member

Activity: 309

Merit: 250

Quote from: Milkshake on May 13, 2013, 01:09:03 AM

Quote from: Schwede65 on May 13, 2013, 01:07:02 AM

please give the sources and binaries before the start - to test this software - to make it a little bit fairer to mine it for all

The sources are already available, however, the graphics have not being changed yet, and there is no genesis block. The genesis block will be announced when the coin has officially launched. You're free to generate your own genesis block (just remove 'false ||', compile and run elacoind) and test it out.

yeah - fine - are the windows-binaries available?

Cyberdyne

hero member

Activity: 630

Merit: 500

Can we offer contracts of exchange before it's even released?

Who will agree to sell me 10000 elacoins for 10 LTC total? Cheesy

*handshake agreement*

tonyback

sr. member

Activity: 280

Merit: 250

I hope it will live on bter and btc -e

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Quote from: markm on May 13, 2013, 01:09:35 AM

How high is the initial difficulty set? Probably any estimate you have of how high it will need to be to hit your target two minites between blocks is likely to turn out to be too low, so maybe discuss that ahead of time, it is kind of suspicious actually that you didn't even mention initial difficulty yet made vague noises about no pre-mine / early-miner type benefits (which blocks coming out much faster than the target time certainly are...)

-MarkM-

The block reward is based on the difficulty, you know. It is the same as Litecoin. Early adapters will not accumulate a mass amount of coins, as the block reward will be many factors of what they are getting during the launch.

This is why Elacoin is the most fair cryptocurrency - to everyone, the launching adapters, and to the users who come months into the cycle.

markm

legendary

Activity: 2940

Merit: 1090

How high is the initial difficulty set? Probably any estimate you have of how high it will need to be to hit your target two minites between blocks is likely to turn out to be too low, so maybe discuss that ahead of time, it is kind of suspicious actually that you didn't even mention initial difficulty yet made vague noises about no pre-mine / early-miner type benefits (which blocks coming out much faster than the target time certainly are...)

-MarkM-

txmasut

sr. member

Activity: 280

Merit: 250

Vantacor

Some interesting changes but I'm not to sure on the increasing block rewards

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Quote from: Schwede65 on May 13, 2013, 01:07:02 AM

please give the sources and binaries before the start - to test this software - to make it a little bit fairer to mine it for all

~~The sources are already available~~ no point since you need to rebuild it anyways, however, the graphics have not being changed yet, and there is no genesis block. The genesis block will be announced when the coin has officially launched. You're free to generate your own genesis block (just remove 'false ||', compile and run elacoind) and test it out.

Yuri.

full member

Activity: 236

Merit: 100

24 hours is too soon, make it 72 and release more info, this is very scarce

Schwede65

sr. member

Activity: 309

Merit: 250

please give the sources and binaries before the start - to test this software - to make it a little bit fairer to mine it for all

Edit: please don't give the linux-user the huge start-advantage like YAC did

hdclover

hero member

Activity: 1120

Merit: 501

www.bitcoin.org

seems fair, thanks for the announcement.

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Quote from: Praxis on May 13, 2013, 01:04:39 AM

Your currency will inflate like crazy! The very reason we love cryptos is that unlike fiat they don't inflate like crazy
But I wish you good luck

Bitcoin may be still be great for a store of value, but Elacoin would be better for getting everyone in. People who are new to cryptocurrencies can still mine it, and merchants will be happy to accept it because people will want to spend Elacoin.

The inflation is also limited by the halving every 9 months (it's not a sudden jump through, it's a smooth decrease). Cheesy

willhash4food

member

Activity: 112

Merit: 10

No shenanigans???

F*ck this. I'm out. Grin

Praxis

legendary

Activity: 1118

Merit: 1004

Quote from: Milkshake on May 13, 2013, 12:59:27 AM

Most alt coins have a very short life, because they're not announced in advance, and the only users of it are the early adapters or the preminers. Elacoin is an open cryptocurrency based on the Scrypt hashing algorithm, with a few innovative modifications:

Elastic block reward algorithm based on the difficulty and Moore's Law
The more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin's value.

Fast Payments and Confirmations
The block target is one every 2 minutes, which is the perfect amount.
Fast enough without running into network IO limits, or bloating your hard drive.

Open to everyone. No premining, no shenanigans, announced release
Elacoin will be released within 24 hours of this message. Elacoin is not premined,
with the genesis block timestamping "Traffic from Syria Disappears from Internet".

The genesis block for Elacoin will be released within 24 hours. Get your scrypt
miners ready (a miner is included in the client), and let's use the fairest cryptocurrency

Your currency will inflate like crazy! The very reason we love cryptos is that unlike fiat they don't inflate like crazy
But I wish you good luck

Hazard

legendary

Activity: 980

Merit: 1000

Hmmm...

cryptocancer

newbie

Activity: 56

Merit: 0

Ah sahweet first page!

megablue

member

Activity: 112

Merit: 10

Nice! I have a date with Ela tomorrow!

bohanz

member

Activity: 70

Merit: 10

Total number of coins? Time for block retargets? At least the logo is chill

Topic: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 99. (Read 133952 times)