Topic: [ANN] [SUP] Supcoin, PLUCK algorithm, Just Launched, Mine Now! - page 53. (Read 62226 times)

Testing new things in real life conditions is a valid reason for making a new coin, with participants being rewarded for taking part in the test in order to obtain test data for further research. Being a test there is also the prospects of the test ending at some point when enough data has been collected or conditions becoming out of control.

However, @earlz can you please confirm what new things you will be testing and what the conditions are that you want to create? What aspects will you be adding to the virtual currency body of knowledge towards creating a currency of the future in the categories of technology, process or economics? Do you have an estimate of how long the test will last and what the bounds are after which the test will stop or be aborted? This is important information to know for participants as it is input to the risk/reward calculations.

The sole purpose of alt-coins imo is to test new things and building the body of knowledge bit by bit. 5% of altcoins are real tests and the rest are just scams or fake tests to make a quick buck. A few coins of the 5% find new things and stick around longer than others (e.g. DRK and its masternodes etc.) but in general they have short lifespans. Any estimate on the Sup lifespan?

All credit for that goes to the bitcoin devs. I just replaced all the bitcoin references with supcoin references in it

Compiling the last wallet now, so should have binary wallets up soon

That is an amazing guide. I'll try to do a Gitian Build for you.

The source code is now online: https://github.com/supcoin/supcoin

Note MINING HAS NOT BEGAN(ie, don't panic). The wallet will not sync until the launch time tomorrow at 10pm EST.

I've started compiling the binary wallets now and it should be done for all platforms in around 3 hours. I'm using Gitian, so if you want to build it yourself to verify that I'm not placing any backdoors in the binary wallets, you can do this fairly easily by following the instructions here: https://github.com/supcoin/supcoin/blob/master/doc/gitian-building.md


TO ALL TEST USERS
If you used or downloaded the test version of Supcoin, make sure to delete the .supcoin folder, otherwise you may face problems with running this new wallet. YOU MUST CLEAR THE BLOCKCHAIN FILES OUT IF YOU RAN THE TEST-ONLY VERSION OF SUPCOIN.

Check my signature, I do code reviews of altcoins. I've seen this crap day in and day out, so I know a bit of what I'm talking about. MEG had a terrible launch. It was ninja with a new algorithm and miners, very bad recipe. And even then, I didn't know what the hell I was doing technically even way back then. It had horrible marketing, horrible launch, etc. I tried to revive it by paying ~$300 for a spotlight on Bittrex (back when it was 0.5 BTC, but BTC was at $600) and thus getting a market for it, but it saw very little volume. There was also a rebranding attempt, hard fork to reduce supply, etc. The parameters were for a very high coin supply and the price crashed below 1 satoshi and all buy orders quickly dried up. I could've done a coin swap or some such, but that was not a heard of thing back then, and getting people to destroy coins isn't easy to reduce the supply.. So, it was soon deemed a failure and I took a while to figure out what I was doing, why it failed, etc etc. It didn't get a GPU miner because GPU miner devs were even more rare then than they are now. Not to mention the bounties I had were worthless, and I had no spare money for a BTC bounty

Just to disclose, since your searching apparently missed my other coin. Fractalcoin. It's still kicking, somewhat surprisingly. It was a coin with X11, percentage based fees, and slingshield a new difficulty adjustment algorithm that was suppose to make 51% attacks harder by leveraging multipools. I considered it a failure back in like August. Percentage based fees made a ton of stuff too difficult to do (for services), and as a result of that the marketing approach also suffered because some things were just not what someone would want to do when there are 0.5% txfees. Also slingshield had a fatal flaw that caused it to make block time difficulty spikes. It was suppose to have 1 minute blocks, but because of a positive feedback effect, it would sometimes see blocks that were 3 hours or more. The core premise was flawed, so I gave up on it. Since then, I've been contracted for a few random coin projects but that's been about it. I've been busy actually designing this thing I'm now working on and working on code reviews to try to weed out the scams and undisclosed premines that are so prevalent in the altcoin world.

WTF is Github doing hosting official shitcoin websites ?

https://who.is/whois-ip/ip-address/192.30.252.153
http://quttera.com/detailed_report/megcoin.com

Nope, and don't want one.

Who are these fans of earlz  and why did he abandon his first coin so easily ?

He had them begging for a gpu miner. lol

I kind of expect it with good coins really, they will want to FUD it early on to try to dissuade some of the less informed people and ensure that they can get as many coins as possible early on before it fully takes off. Luckily there will be plenty of people here to poke holes in the trolls and educate newcomers with what is actually going on.

Probably not that hard - I think Earlz fucked some of the endianness stuff, but if it's it's a little-endian arch, there should be no problem cross-compiling it, most likely.

You're going to be throwing a shit tonne of hashpower at it too I see? Excellent, FUD on.

Most who are worth their salt in crypto know of earlz and as such will realise the potential of this coin, just look back at the previous pages of this thread to see this. Of course as with every solid coin there will always also be those who realize the potential of the coin yet will FUD it in hopes of getting more of the coin early on  I'd be more concerned if the coin wasn't deemed to be worth FUDding really.

Hey Wolf0, nice to see you here, busy with this launch. This is promising.  

Why? I make it a point not to compile miners for x86 - at least, not often - because there's not many reasons why you'd want to run a miner on such a low-powered system.

[insert slow clap here]

Megcoin was the coin, scrypt-r-n was the algorithm. I wouldn't say I abandoned it even. I strongly considered using it for this project just because I know it's not ASICized, but a GPU implementation of it would be significantly more complicated, and scrypt's memory hard properties is known to be broken unless you use a very large amount of memory (ie, impractical for a PoW algorithm). In my search to find a truly memory hard algorithm, I couldn't find anything that was simple and easy to prove was actually memory hard, so I made my own.

Those ARE algos and they ARE being mixed. lmao

@all

This "dev" abandoned his first shitalgo, Megcoin. Buyer beware.

edit --> https://bitcointalksearch.org/topic/annscrypt-n-rmeg-megcoin-no-premine-forked-from-bitcoin-09-new-pow-594886

Hope to have compiled miners on the launch too

Talked to Earlz - it was indeed too slow. I checked the build flags, they'd been untouched from the CPUMiner fork, that was why. Added some of my own, ensuring it would work on all x64 processors - it should be better now. Same links, sig has been updated, too.

lol you realize this isn't just an X-whatever mixing of algorithms, right? This is completely new and based on SHA256 and salsa only



Yep! Binary wallets and source code will be released tonight, mining will start tomorrow

That's because it's a generic build - it doesn't take advantage of processor features that aren't in all x64 processors.

EDIT: What CPU is that? If it has 4 cores, I doubt it should be that slow, so I may have to fix the default build flags.

1 day to go...I hope we will have a nice launch.