Topic: [ANN] KibiCoin (KIC) - page 7. (Read 18200 times)

Ready for the french translation, all my best to KibiCoin

Reserved -- watching

NovaExchange kibicoin to Litecoin Market
NovaExchange Kibicoin to Bitcoin Market

kibo, kobo and kibicoin right now 
watching this 

i would reserve indonesian translation sir
thank you

if you want it to be translated into other languages, i can do the Filipino translation.

See updated information, more information will come during this week as I wrote in the initial post.

6400150 coins premined 

Was this an ICO?

Please confirm if it was Kibi Lotto 

need more info?

    16234 blocks mined already ? nice launch lol

Already at block 16000?

Quick data
Name: KibiCoin
Symbol: KIC
Type: PoW
Based on: Litecoin 0.10
Algorithm: SCRYPT
Initial reward: 150 KIC/block
Halving: every 4 years
Block time: 2.5 minutes
Diff retarget: 3.5 days
Default port: 25333
PRC port: 25332

Announcement
https://bitcointalksearch.org/topic/ann-kibicoin-kic-1660419

Pool
https://hash-to-coins.com/
http://www.mining-dutch.nl/
https://prohashing.com/

Block explorer
https://prohashing.com/explorer/Kibicoin/

Exchange
https://novaexchange.com/

Website
http://www.kibicoin.org/

Source
https://github.com/KibiCoin/kibicoin

Windows wallet
http://www.kibicoin.org/downloads/kibicoin-wallet.zip

Ubuntu build instructions and video
https://github.com/KibiCoin/kibicoin/blob/master/doc/build-ubuntu.md
https://youtu.be/jyhwvIEjcl4

Social media
https://www.facebook.com/KibiCoin
http://www.youtube.com/c/KibicoinOrg
https://plus.google.com/+KibicoinOrg
https://twitter.com/KibiCoin

How much has been premined?
Planned premine: 4000000 KibiCoin (1.56% as seen in increased block reward for block #2)
Actual premine: 6419200 KibiCoin (2.5%, see explanation below)

Why was there more premine than expected?
Initial mining difficulty was set to the same value as for litecoin and that is far to low to start with today. To correct this we mined 16128 bocks.

Why 16128 blocks and how much more premine did this cause?
Difficulty retarget happens every 2016 blocks (3.5 days/retarget times 24 hours/day times 60 minutes/hour divided by 2.5 minutes/block).
Every retarget can increase diff with not more than a factor 4. Therefore we had to mine 16128 blocks for 8 retargets to happen to bring difficulty to 16.
We had already calculated for a premine of 4 million KibiCoin, all mined in the second block as you can see in the source code.
Because of this unplanned additional premining to get a reasonable diff we instead have 4000000 + 2419200 = 6419200 KibiCoin premined.

Why do you have premining?
All premining was used for coin swap at Novaexchange or was destroyed by being sent to a Proof of Burn address.
Swap 1, Aricoin v1: 103,625,000 ARI was swapped at ratio 25:1 to 4,145,000 KIC
Swap 2, Aricoin v2: 85,500,000 ARI was swapped at ratio 100:1 to 855,000 KIC
Remaining 1419200 KIC from premine was sent to Proof of Burn address LLLLLLLLLLLLLLLLLLLLLLLLLLLLM5jB83
All swapped Aricoins was also sent to Proof of Burn addresses as you can see in block explorers below.
https://prohashing.com/explorer/Aricoin/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/
https://prohashing.com/explorer/Aricoin2/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/

Nodes (if needed)
We have used two methods of including seednodes in the code, but if you still get problem with no connections then you can try adding the ones below.
addnode=31.148.219.50
addnode=69.73.113.146
addnode=78.70.227.72
addnode=82.30.11.101
addnode=88.99.68.228
addnode=88.206.141.110
addnode=92.51.46.40
addnode=98.115.147.74
addnode=185.16.41.61
addnode=193.34.160.72
addnode=194.1.233.105
addnode=194.132.222.127
addnode=217.175.119.125:8260
addnode=217.175.119.126
addnode=217.175.123.184
addnode=217.175.123.185

How many KibiCoin will ever be created?
Litecoin was first built based on bitcoin source code. They decided to make total max supply 84 million, 4 times more than bitcoin that has a max supply of 21 million. We are trying to make KibiCoin a "third level" of value corresponding to bronze if bitcoin would have been gold and litecoin silver. KibiCoin max supply is 256 million about three times the max supply of litecoin. So the max supply numbers in order are 21 million bitcoin, 84 million litecoin and 256 million KibiCoin.