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Topic: [ANN] official NovaCoin thread - the original PoS+scrypt coin. --POOL LIST-- - page 83. (Read 282691 times)

legendary
Activity: 3108
Merit: 1359
According to Gavin, PoS-only system can be easily DoS'ed by generating huge amount of invalid PoS blocks.
legendary
Activity: 2940
Merit: 1090
Is proof of work really only there as a way to distribute coins initially, or does it also rely on it for timing the blocks, that is, to try to make average time between blocks meet some target duration? I am wondering whether one could turn off proof of work entirely to make a purely proof of stake coin and use some other method of distributing coins initially. (Even maybe something as simple as getting a hundred or few hundred people lined up as initial stakeholders and dividing the total number of coins to them as initial stakeholders right from the start.)

-MarkM-
legendary
Activity: 3108
Merit: 1359
Its based on the broken version of PPCoin then? He didn't even wait for the fix before cloning it?

-MarkM-

1) Fast checkpointing is still active.
2) PoS isn't active for now, because there are no coins with 30 day age
3) Fixes can be merged after upstream update.

So, there are no reasons to wait.  Smiley
vip
Activity: 1316
Merit: 1043
👻
SCAM COIN - DO NOT USE

This is a SCAM coin. Here's why:

> Over 200k has being premined secretly by the developer. Every single premined cryptocurrency has died - the only currently surviving ones are those that are NOT premined

> 110k of the premined coins have being given to BTC-e as a bribe for them to accept this worthless coin.

> BTC-e censors chat, removes all negative criticism of NovaScam.

> Balthazar is still trying to deny that the premined coin exists, claiming a 60k premined figure, but BTC-e admitted that they got 100k NovaScam premined coins!  Grin

SCAM COIN - DO NOT USE
legendary
Activity: 2940
Merit: 1090
Its based on the broken version of PPCoin then? He didn't even wait for the fix before cloning it?

-MarkM-
sr. member
Activity: 476
Merit: 253
NovaCoin was the first PPC fork, but not a clone!
new versions ale coded standalone, not from new ver. of PPC.
 
major changes:

1. Scrypt chashing!
2. initial reward of 100 not 10000
3. slower reward drop
PPCoin cuts a half from reward for every 16x diff adjustment.
NovaCoin cuts a half from reward for every 64x diff adjustment.
4. POW difficulty adjusted for scrypt
5. POS difficulty adjusted for 100 times less coins.
6. ROI for POS changed to 0.05 coin per 1 coinyear [dynamic from 4.1]


origin:

  https://bitcointalk.org/index.php?topic=114712.0

windows binaries, blockchain snapshot:

 https://sourceforge.net/projects/novacoin/files

source

 https://github.com/novacoin-project/novacoin

explorer:

http://explorer.khore.org/

pools:  

 http://coinpool.ru/  (10 confirmations, 0% fee, RU+EN UI)  
 https://hynodeva.com/ (PPS, 3.7% fee, EN UI)
 http://novacoin.ecoining.com/ (10 confirmations, 1.5% fee, EN+ES UI) [temporary 0% fee]
 http://www.multipool.in/ (120 confirmations, 0% fee, EN UI)
 http://nvc.khore.org   (10 confirmations, 2% fee, EN UI)
 http://nvc.coinmine.pl (? confirmations, ?% fee, EN UI)
 https://coinex.pw/mining/pools/NVC (120? confirmations, 2% fee, EN UI)
 http://nvcpool.com/ (10 confirmations, 0% fee, EN UI)
 http://virpool.com/  (10 confirmations, 2% fee, RU UI)
 https://nvc.pmine.net/ (120 confirmations, 0% fee, Stratum, EN UI)

p2pool:

 http://novaco.in/
 sources https://github.com/CryptoManiac/p2pool
 binaries http://sourceforge.net/projects/novacoin/files/p2pool_win32_14f.zip/download
 developed by NovaCoin creator: Balthazar https://bitcointalksearch.org/user/balthazar-23324


Balthazar is active in this thread and is helping me to update.
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