Topic: [ANN] Growthcoin - GRW | PoW/PoS - 100% annual interest! | Updated version - page 17. (Read 41355 times)

First announced in Altcointalk.co.uk:
http://www.altcointalk.co.uk/index.php/topic,179.0.html


Version 1.2 released, which fixed a wallet sync issue and added checkpoints, please update.


GrowthCoin (GRW) - a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message).

Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.

GrowthCoin provides monthly interest rate of 5.95%, for stakes that are held during that period of time. This equivalent to an annual interest of 100%. PoS blocks will be generated if the stake are held for more than 5 days (first generation will starts around 9th days). There is a hard limit of 2 billion coins.

No Premine!

Specifications:

   - Each normal block has 100 coins
   - 45 seconds block time
   - Difficulty retargets every block
   - Mining payout will be halved every 3 months (or every 172,800 blocks)
   - Expected total mined coins will be 37,368,000 coins
   - 3 confirmations for transaction
   - 50 confirmations for minted blocks
   - Support transaction message

   - Hourly random bonus block of 500-1000 coins (that is, 1/80 chance to get a bonus block).

   - The default ports are 17177(Connect) and 17178(RPC).


Mining Pools:

• http://grw.botpool.net/ 1% fees

port: 3118

• http://grw.scryptmining.com/ 2% fees

Stratum only
Proportional Payouts per Block (after minimum requirements by grw). No PPLNS warmup!
Variable Dificulty per Worker

• http://grw.mepool.cc/

Point your miners to the following link:
stratum+tcp://grw.mepool.cc:6666
http://grw.mepool.cc:5555 (long-poll)

• http://grw.24ltc.com

point your miner to stratum+tcp://grw.24ltc.com:8334

Download (Version 1.2):

Windows Client Download:
https://mega.co.nz/#!s1MVwBbY!MLkxok45m7b-NLtony5yX3QAaHgMELFt5G2Ae78rpoo


Source Code Download:
https://github.com/growthcoinproject/growthcoin



Sample growthcoin.conf:

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=17178
rpcconnect=127.0.0.1
addnode=59.40.251.8
addnode=182.130.178.239
addnode=106.187.49.158
addnode=178.141.36.75
addnode=223.197.12.178


Getting Started:

1. Start up growthcoin-qt, wait for it to load, then exit.
2. Put growthcoin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/GrowthCoin
3. restart growthcoin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:18178 -u **yourusername** -p **password** (without **)