Topic: [ANN] [EMD] - Emerald Crypto - PoW - Scrypt - low Difficulty - CPU mining - page 55. (Read 96928 times)

For now, we are making the blockchain more secure by changing the difficulty adjustment from every 180 blocks, to every block with DGW3. It is something that we can implement quickly without any disruption.

The question of adding in PoS is still open. If it is added; it will not take the place of PoW, but be a minimal amount (~1%) to add an extra layer of security to the chain.

There are loads of coins switching to PoS and/or other algos. This seems to be the popular trend. There are also many scrypt miners who are looking for a stable crypto to mine. This is what EMD will offer with the new diff adjustment.

The long term goals for the coin is to create real uses for it; regardless of the algo or minting setup. There are two things that make a cryptocurrency valuable: Innovation and services. If you do not have one; you better be finding the other.

EMD is 14 months old. There has been zero development of the currency in that time. Yet, it still has a decent amount of trade volume at Cryptsy. Can you imagine what it could have been if the original dev had developed a few uses for it?

Anyhow; all suggestions are welcomed. PM if you think you can help out with coding, promotion or just random ideas. The more people that we have involved, the better the end result will be.

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Regarding Edric - He is one of the best pool ops around. His operation is small (for now), but he stays on top of things and gets back to you if you have a question or problem. He doesn't go AWOL when there are problems. He's right there on the front lines sorting things out... Even when they are someone else's problem. It will be good to have him around here.

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I compiled the new wallet and it is working great. Now to put it on testnet and see how the fork behaves... New source and Win wallet should be ready for download on Tuesday if there are no problems.

More coming real soon...

GWCalvert messaged me and asked me if I would like to be part of this, as he's familiar with the pool services I run, and I'm very grateful that he thought of me! Those of you who know me know that I do my utmost to do right by my miners and support the community in every way possible. I've been kinda absent here on the board for the last couple of months, though, as I've jumped headlong into many development projects (and schooling myself, pretty much), but I'm only a PM or email away and always up for whatever! I've been planning a multipool for a very long time so Emerald will be part of my multipool at http://multipool.fedaykin.us, but also since one of my other pool's coin went PoS, I will also offer an MPOS pool with multiport NOMP-stratum (vardiff and many fixed-diff options) for those who prefer "legacy" pools! It will be located at http://emerald.fedaykin.us when it is ready for action, later on tonight.

The multipool, as of right now, is still a vanilla NOMP site, with custom features and appearance being worked on. The plan for the finished product is an auto-switch auto-exchange multipool, able to pay out in select coins (looking to offer payout options that other pools do not), mine the most profitable coin at any time, or mine on whatever coin you wish any time you want. I'm working on a lot of my own backend tools for this as well as a pool-exclusive exchange (internal system use only, most likely), though it remains to be seen if the pool will stay with NOMP or a different system, as I've been tinkering around quite a bit to find what I'm gonna like best! Anyway, it's not much to look at right now but cosmetic enhancements, new coins, and switching will be in soon.

Both pools will be running a promotional fee of 0.5% for a while, in celebration of the renewed efforts and interest! As always, please don't hesitate to email or PM me. Let me know if you need help with the Mac version, too! I can crank one out for you, np

-randomly posting the stats-

http://coin-base.info/emerald/index.php?page=statistics&action=pool
http://emd.hash-to-coins.com/

http://mining.securepayment.cc/pools/emerald/  (but shows NET rate)
http://emerald.miningforall.com/index.php?page=statistics&action=pool

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Q. Is the switch to POS a locked down decision?

I favor this.  POW/POS is the very best if EMD wants to live another year.

Why not be even better?

stage1 -  POW scrypt << now coming to an end
stage2 -  POW/POS scrypt << soon
stage3 - go multi-algorithm, myriad/digibytes will lead the way and we can follow once they do all the hard coding work for us to copy

Or make a special EMD blend:

SHA for cheap hash power, Neoscrypt or NIST for the loyal supporters, and POS for the stakers.
(long term goal ETA next summer)

Thanks. We still have a lot of work to do, but getting the diff schedule updated was the first big hurdle. The code looks clean. Hopefully there will not be any surprises pop up in testing and we can get things moving in the right direction.

good luck wishes also from diamond foundation!
as gemstone coins we are a big family 

Although it was a birthday weekend; I have been busy working on the Emerald Core. The new code is finished!... Hopefully... 

I will be compiling a new wallet today and doing some testing to be sure that the fork to a new difficulty schedule will be smooth. The planned fork is for block 1600000. Under perfect conditions, that would be 11 days from today. But as the amount of blocks being found has been, roughly, half of the  scheduled amount; it should make the fork occur somewhere during the first week in September. This gives the exchanges, pools, etc plenty of time to get the new source compiled and up and running.

We chose to go with DGW3 for the difficulty adjustment. This should make it unprofitable for multipools to jump on and grab 200 or so blocks at a time. There may still be some action, but it should be limited to just a few blocks, as the difficulty adjusts with each new block instead of every 180. I also added another checkpoint and upgraded the openssl to the latest version (1.0.1i).

I think everyone will like the new wallet. It has been given a bit of a new look that makes it stand out from most other standard QT's. I will try to post some screenshots in the next day or two. The new wallet should be available for download by Thursday, if not sooner. With this release we will only have a windows wallet to begin with. The MacOSX and Linux wallets will be coming later.

After the fork there will be another wallet coming with more features. This wallet will be based on the latest Bitcoin core (9.2.1). This will be a minor upgrade (code wise), but should be a much better wallet, feature wise. We plan to have a couple of seed-nodes hard-coded into that release, so that syncing will never be an issue.

The OP will be updated to reflect this and other new information in the next few days. Much more still to come! 

Happy Birthday, dear Gary!!!

There is no linux "client". For now, you can build it from the source.

We plan to have clients for Windows, MacOSX, and Linux with the new core release.

If you wish to know a bit more about me, this is probably a good place to start: Gary's 50th Birthday Thoughts

I'm headed to the pub for a couple of cold birthday beers! 

so... is there a linux client for this yet ? ))

I'll be out for most of the weekend. It's birthday week... Sure hope the next 50 go by a little slower... 

Will check in here when I can to answer any questions and/or announce any new developments.

Have been working on the core code the past couple of days. Would like to get it all wrapped up in the next week or so, and get the new wallets out. Will need to do some conferencing with the other dev team members, to finalize the details.

After the core update, I will be focusing my time on creating a digital marketplace for EMD. Have a few other plans... more coming soon!

Good job,but this is not enough,you guys should work harder then the coin will fly!

That would be starting a "new" coin not doing a hardfork... EMD has been around for a long time, so there would be several people who are still holding coins from earlier mining that may not get word and lose their coins when a swap was done. Then there are always the questions and accusations about what happened to the extra coins that nobody redeemed their old coins for...

m0gliE created a bootstrap file earlier, that could be downloaded and added to a new wallet which drastically reduced the time it took to download the blockchain through the wallet. After we get the new code ready and a wallet released with the fork in it, we will create a new bootstrap file, to help out with the sync times.

*Trumpets Blare*  Announcement!

WP_Emerald is now available for download. The link from the OP takes you to a page with instructions and the download link. Enjoy!

More to come!

I want to give one piece of advice for new developers.

You need to do hardfork and start a new blockchain. Since synchronization of 1.5mln blocks takes a lot of time for beginners. Old coins can be swapped for new at rate of 1:1 through the exchange or using a privatekeys.

Emerald_V2 New coin = New prices. Just look at the HyperStake...

We have a block explorer once again! We were only without one for a few days, but I sure did miss having one...

We also have a new faucet! I personally sent 10K EMD to the faucet. Any of you "whales" out there with lots of EMD should consider sending a few, too.

Unfortunately, BCT will not allow my newbie account to link to the [dot] tk domains... WTH???

The addresses of the block explorer and faucet are in the OP. Copy and paste, then replace the [dot] with a .    I'll set up a redirect later so that we can link directly to them...

Kind of like trying to post BCT links from Twitter... 

There should be a new MPOS pool coming online in the next couple of days. The pool op is tied up, at the moment, with another project. I'll post the link in the OP when it is live.

Lastly, I'll be finishing up the WP_Emerald plugin today and should have a link to it posted by this evening. You can see a slightly modified version of it running on the main Emerald Crypto website.

Just the beginning, folks! Plenty more to come!

ok look for this

EMD trading has remained fairly active even without development. The quick block times and low number of coins per block make it an appealing investment. Multipool action has driven the price down, recently; but, with improvements to the code and development to support the coin, that all should be changing, soon.

EMD is still easy to mine, so it should appeal to people with smaller hash rates. The coin-base pool, the dedicated node at hash-for-coins and both of the p2pools find blocks regularly, even with lower hash rates. There are also several solo-miners out there finding blocks.

The coin is too old? Well I suppose you do not like BTC or LTC, either. 

There will be new features, apps and services available for EMD as we get more into the development. The main focus at this point is getting the core updated to include the new difficulty schedule. The apps, services and real world uses are being worked on, but the EMD core is what needs to be fixed first.

Thanks for the support!

Good luck for the takeover, need to add new stuff in the coin, it's too old...

In addition, the coin has a very beautiful name and always it is well traded. This means that it has never been abandoned by the community.

Good luck with Takeover!

The coin design is good, except for the difficulty schedule. Then again, 14 months ago there were no scrypt asics to contend with.

Definitely a good foundation to start with. Just needs a little tweaking of the code, development of apps and services, and a little marketing. All of which are coming soon.

Thanks for the support.


Dig that old wallet out. Download the latest version and replace the wallet.dat with your old one.

If you have any trouble with the wallet syncing, try adding some of the nodes above. The first three or four in the list are usually active in my peer list. Will try to add a hard-coded node or two in the next wallet update.