[ANN] Mincoin Cryptocurrency Project, World's Fastest Rare Altcoin [ANN] - page 40.

ChaosFox

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Quote from: tacotime on April 03, 2013, 12:55:54 AM

Quote from: iamrickrock on April 03, 2013, 12:54:23 AM

Nope this is the first day

No, day 3. The block reward is already 50.

I can confirm this. The blocks I did manage to mine gave me a reward of 50 MNC, as you can see in the bit of debug.log I posted.

As for whether this is safe or not, I can't really vouch for it, so perhaps someone else with a greater expertise can poke around the available binary a bit further. Either way, I think it's just a big waste of time. It's just Litecoin with a few gimmicks tacked on and what essentially became a distributed premine.

BasementMiner!

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Quote from: tacotime on April 03, 2013, 12:55:54 AM

Quote from: iamrickrock on April 03, 2013, 12:54:23 AM

Nope this is the first day

No, day 3. The block reward is already 50.

Let's play calculate the premine!

1 block/min

First 24 hours, 1440 blocks at 500 mincoin each = 720,000
Next 24 hours, 1440 blocks at 100 mincoin each = 144,000

Only 10 million mincoins will be made

How generous of the authors to give themselves almost 10% of the total money supply in the first 48 hours!

I don't think this is the case. At least, the smallest block count I saw was 532.

Someone needs to verify the blockchain.

iamrickrock

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well ok then apparently it is Apr 5th and I didnt even know it lol

I was just going by the announcement so looks like they began mining a couple days ago?

tacotime

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Quote from: iamrickrock on April 03, 2013, 12:54:23 AM

Nope this is the first day

No, day 3. The block reward is already 50.

Let's play calculate the premine!

1 block/min

First 24 hours, 1440 blocks at 500 mincoin each = 720,000
Next 24 hours, 1440 blocks at 100 mincoin each = 144,000

Only 10 million mincoins will be made

How generous of the authors to give themselves almost 10% of the total money supply in the first 48 hours!

IveGotaHunch

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So is anyone mining these? think it is safe?

iamrickrock

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Quote from: BasementMiner! on April 03, 2013, 12:52:29 AM

Quote from: iamrickrock on April 03, 2013, 12:50:50 AM

Quote

*To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC

Shouldn't you have generated 500 coins that block?

I think the rewards are based on the block#. With 1 minute blocks, 60 * 24 = 1440.

Apparently we're on day 3.

Quote

Mining started at 12:20 GMT April 3 and was announced on IRC and the WWW not long after. There is no premine!

Nope this is the first day

tacotime

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I guess that makes it a pretty epic premine, then.

BasementMiner!

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Quote from: iamrickrock on April 03, 2013, 12:50:50 AM

Quote

*To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC

Shouldn't you have generated 500 coins that block?

I think the rewards are based on the block#. With 1 minute blocks, 60 * 24 = 1440. When I started to mine, the block # was ~500.

Blocks were flying by with the very low difficulty.

Apparently now with the retarget, we're on day 3. Difficulty is too high for my laptop cpu Sad

.

iamrickrock

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Quote

*To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC

Shouldn't you have generated 500 coins that block?

ChaosFox

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Quote from: Shad3dOne on April 03, 2013, 12:37:00 AM

so is there any special protocol declaration or conf file needed in reaper for this new coin??

im getting 100% stales on bitcoin protocol.

I was mining as if it were Litecoin, and it worked. Most will be stales, but any "accepted" shares will be indeed a whole new block found

Shad3dOne

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Interesting.....

so is there any special protocol declaration or conf file needed in reaper for this new coin??

im getting 100% stales on bitcoin protocol.

ChaosFox

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Quote from: ?? on ??

still a blank prompt

It works like bitcoind, you'll have to open up a command line and send commands to it to check what's it doing, the executable's prompt will remain blank. You could also check if there's any trace of a blockchain in "%appdata%/mincoin". In my case, it's indeed connected to... some network, and downloading blocks. In fact, I mined a few, but they were all stales, according to the debug.log. Sad

Code:

BitcoinMiner:
proof-of-work found
  hash: 000000c4da2c6226ebdc762c5d42211f17de1789d1536d45c0be15fb74d0def1
target: 000000ffff000000000000000000000000000000000000000000000000000000
CBlock(hash=36360a26303e4c13d5dc, PoW=000000c4da2c6226ebdc, ver=1, hashPrevBlock=4d6ecdddd9856ab273b3, hashMerkleRoot=d9e7dd0930, nTime=1364958312, nBits=1e00ffff, nNonce=1080362816, vtx=1)
  CTransaction(hash=d9e7dd0930, ver=1, vin.size=1, vout.size=1, nLockTime=0)
   CTxIn(COutPoint(0000000000, -1), coinbase 04689c5b510103062f503253482f)
   CTxOut(nValue=50.00000000, scriptPubKey=033dacce7ae6c3ecff6ce51c4b84c9)
  vMerkleTree: d9e7dd0930
generated 50.00
ERROR: BitcoinMiner : generated block is stale

I'll just poke this around for a while longer, then I'll just go back to mining Litecoins.

EDIT: Finally generated a valid block. Though, I'd still probably check the code thoroughly and compile from source, instead of using some random executable in a .zip file :p

Code:

BitcoinMiner:
proof-of-work found
hash: 000000be3e5210d1d5119ba86fdda33d1d2cf7510a56b9dd75d80f375a7c004f
target: 000000ffff000000000000000000000000000000000000000000000000000000
CBlock(hash=db60713d08da1541cee6, PoW=000000be3e5210d1d511, ver=1, hashPrevBlock=29ea7a52650b27963943, hashMerkleRoot=73044f8d15, nTime=1364958696, nBits=1e00ffff, nNonce=181536064, vtx=1)
CTransaction(hash=73044f8d15, ver=1, vin.size=1, vout.size=1, nLockTime=0)
CTxIn(COutPoint(0000000000, -1), coinbase 04e89d5b510101062f503253482f)
CTxOut(nValue=50.00000000, scriptPubKey=033dacce7ae6c3ecff6ce51c4b84c9)
vMerkleTree: 73044f8d15
generated 50.00
keypool keep 4
AddToWallet 73044f8d15 new
connection timeout
SetBestChain: new best=db60713d08da1541cee6 height=2921 work=5423317824 date=04/03/13 03:11:36
ProcessBlock: ACCEPTED

Mike Christ

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Quote from: ChaosFox on April 02, 2013, 10:43:41 PM

I do believe it's clean. Decided to leave it running for a while inside a VM, and lo and behold, it ended up connecting to the network after all. I saw a bit of suspicious traffic, but ended up just being an attempt to bootstrap itself by connecting to the #mincoin00 channel in giraffe.heliacal.net. Also attempted to do a bit of mining, and even though Reaper was claiming they were all stales, the debug.log file suggests some went through.

Quote from: chiropteran on April 02, 2013, 10:27:24 PM

I wonder if it's just redirecting our work to it's creator's pool, mining litecoins for him, and sending bogus messages about finding blocks. I don't see how it can be real without a blockchain download.

Seems to be adding up a bit.

ChaosFox

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I do believe it's clean. Decided to leave it running for a while inside a VM, and lo and behold, it ended up connecting to the network after all. I saw a bit of suspicious traffic, but ended up just being an attempt to bootstrap itself by connecting to the #mincoin00 channel in giraffe.heliacal.net. Also attempted to do a bit of mining, and even though Reaper was claiming they were all stales, the debug.log file suggests some went through. I can put up the log file if anyone's interested in having a look at it, though.

tacotime

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Quote from: chiropteran on April 02, 2013, 10:27:24 PM

Quote from: xXTechmanXx on April 02, 2013, 10:23:30 PM

kaspersky says nothing but I was just curious because it never loaded a blockchain Wink

I wonder if it's just redirecting our work to it's creator's pool, mining litecoins for him, and sending bogus messages about finding blocks. I don't see how it can be real without a blockchain download.

That would've been great on April Fool's Day. Cheesy

I know what I'm doing next April 1st.

Linux_Worm

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https://www.virustotal.com/en/file/dd1d80802983f99a0490b5c33b9bac12bd9199317795fe6ea63ec64d7bfa0b8b/analysis/1364956016/

Virus total says its clean, but it could also be a FUD trojan.

chiropteran

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Quote from: xXTechmanXx on April 02, 2013, 10:23:30 PM

kaspersky says nothing but I was just curious because it never loaded a blockchain Wink

I wonder if it's just redirecting our work to it's creator's pool, mining litecoins for him, and sending bogus messages about finding blocks. I don't see how it can be real without a blockchain download.

IveGotaHunch

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Work no good. ITZ brokeen

SuperTramp

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Quote from: iamrickrock on April 02, 2013, 10:15:23 PM

OP, do you have anything to add? Or did you just post this and run? lol

Didn't run anywhere. Been trying to get it to work on my Windows7 64bit box but no luck. I have a WindowsXP
box but has a weak nvidia card in it so not worth it. Not sure what the issue is exactly, but was hoping to get in
early, not looking so good now Angry

xXTechmanXx

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kaspersky says nothing but I was just curious because it never loaded a blockchain Wink

Topic: [ANN] Mincoin Cryptocurrency Project, World's Fastest Rare Altcoin [ANN] - page 40. (Read 114448 times)