Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 354. (Read 490248 times)
i'm shocked the dev isn't a newbye with 0 activity, this is truly new at least
Looks like a good concept on paper, and I think it will have a beautiful future.
:We certainly thinks so as well! With the type of innovation we are bringing to the table, this is going to be a big hit!
I don't understand how is merge-mining work, where can find some detail?
From Charlie Lee, creator of Litecoin ( Example is Litecoin & DOGE ) :
Quote
Merged mining allows a miner to mine more than one coin at the same time. Merged mining only affect mining of the coin. It does not affect the amount of coins produced, the block times, the block rewards, the price of the coin, the usage of the coin, the community, or the development of the coin. Only miners would have to care about merged mining. Regular users would not need to know or care that their dogecoins were produced at the same time as litecoins.
First, the concept of mining is basically you keep hashing the block you are working on with a random nonce, until you get a hash that's smaller than a target value. The higher the mining difficulty, the lower the target is, so the longer you have to keep hashing to find a hash that small. Litecoin's difficulty is higher than that of Dogecoin, so for the same hashrate, you will find a dogecoin block (if mining dogecoins) sooner than a litecoin block (if mining litecoins) on average.
What merged mining does is it lets the miner mine on both blockchain at the same time. If the miner finds a hash lower than the Dogecoin target, then it can submit that block to the Dogecoin network as a valid block. And if it finds a hash lower than the Litecoin target, then it can submit that block to both networks and get rewarded for both blocks. This is because a hash lower than the Litecoin target is also lower than the Dogecoin target. So in essence, you get twice the reward for the same amount of work. The problem is if everyone switched to merge mining, then the difficulty will adjust accordingly. So you still get both LTC and DOGE, but you get about half the amount of each. So it all evens out in the end. The first people that switch to merged mining will get an initial bump in revenue, which will taper off when more and more people switch over.
Taken from here : http://www.reddit.com/r/dogecoin/comments/22niq9/merged_mining_amafaq/First, the concept of mining is basically you keep hashing the block you are working on with a random nonce, until you get a hash that's smaller than a target value. The higher the mining difficulty, the lower the target is, so the longer you have to keep hashing to find a hash that small. Litecoin's difficulty is higher than that of Dogecoin, so for the same hashrate, you will find a dogecoin block (if mining dogecoins) sooner than a litecoin block (if mining litecoins) on average.
What merged mining does is it lets the miner mine on both blockchain at the same time. If the miner finds a hash lower than the Dogecoin target, then it can submit that block to the Dogecoin network as a valid block. And if it finds a hash lower than the Litecoin target, then it can submit that block to both networks and get rewarded for both blocks. This is because a hash lower than the Litecoin target is also lower than the Dogecoin target. So in essence, you get twice the reward for the same amount of work. The problem is if everyone switched to merge mining, then the difficulty will adjust accordingly. So you still get both LTC and DOGE, but you get about half the amount of each. So it all evens out in the end. The first people that switch to merged mining will get an initial bump in revenue, which will taper off when more and more people switch over.
We will post more in-depth details in due course.
I don't understand how is merge-mining work, where can find some detail?
so you're leaving kittehcoin (after all money people invested in it)
and making a new coin instead of implementing all that cool stuff on kittehcoin ?
very not nice
and making a new coin instead of implementing all that cool stuff on kittehcoin ?
very not nice
Please read the last 6-7 pages in the kittehcoin thread (which you yourself participated in).
All those points still stand, and I see no benefit in having to repeat them again, that is apart from stating these two simple facts:
- We did not launch kittehcoin. MaxKeiser pump/dump happened before we relaunched.
- To quote Dano Quoteimplementing such tech within a memecoin like Kittehcoin would be silly- let's be honest. In that opportunity also lies the ability to launch a coin correctly from the start rather than picking up something and having to resuscitate it without having any part in its true inception.
any pool available to mine?
Not launched yet. TBA
any pool available to mine?
Looks like a good concept on paper, and I think it will have a beautiful future.
haha , come on, baby...
haha , come on, baby...
If there is any development you guys need please contact us, here is our portfolio so far:
Here is an example of our web design: http://epawncoin.com
Here is an example of our android wallet or epawncoin: https://play.google.com/store/apps/details?id=com.epawncoin.wallet
Here is an example of our online wallet: http://wallet.epawncoin.com/
Here is an example of an exchange we have developed: http://coinpod.net
There are a few more varieties of the android wallets and web wallets:
Kimdotcoin Android Wallet: https://play.google.com/store/apps/details?id=com.raxe.kimdotcoin
Kimdotcoin Online Wallet: http://kimdotcoin.co.nz/index.html#/
If you have any questions please do not hesitate to contact us:
https://twitter.com/RaxeSoftware
[email protected]
Skype: raxe.io (Raxe.io Support)
"
That's a whole lot of talk from a creative writer. There are tons of alternatives that can do what you just described. Good luck tho!
"
That's a whole lot of talk from a creative writer. There are tons of alternatives that can do what you just described. Good luck tho!
"
what awards did dev team win?
15% premine is not 15% too steep?
15% premine is not 15% too steep?
http://cryptoawards.com/winners/
Best Developer for March 65% of the votes
KittehCoin (Meow). We relaunched KittehCoin.
Sadly there was just not enough community support behind it to continue, and since there was no premine we did not have enough funds to launch new services and features.
Which leads us into the Syscoin premine.
We will in the coming week/s give out a lot more details in relation to this.
So keep an eye on this thread and https://twitter.com/syscoin
what awards did dev team win?
15% premine is not 15% too steep?
15% premine is not 15% too steep?
If anyone has any questions at all, please do not hesitate to ask, one of us will be glad to assist 
I love the fact that we are actually using the blockchain for more than just transferring coins, this is really a huge game-changer for the crypto world and the internet in general! Coderboo is a genius!
I love the fact that we are actually using the blockchain for more than just transferring coins, this is really a huge game-changer for the crypto world and the internet in general! Coderboo is a genius!
By the way - I'm the lead developer of syscoin, and I appreciate the creative writing compliment! I've never had a summary feature description of one of my projects called that before. I wrote a good chunk of the pre-announcement, which is a summary reflection of the current implemented syscoin feature set. I'm working on a more extensive white paper now.. Thanks for looking!
+1; coderboo is a crypto master. My fav feature is still the marketplace and the potential it has being decentralized and all
where is the white paper?
thanks
thanks
Working on it, will announce here when ready. More info to follow shortly
That's a whole lot of talk from a creative writer. There are tons of alternatives that can do what you just described. Good luck tho!
Your skepticism is understandable. There's no creative writing going on here - just technical writing.
For example, here are syscoind's commands for registering as a certificate issuer as well as for issuing and transferring certificates, as well as examples (Please forgive the markdown formatting but this is straight from the repo and I'm too tired to strip it out at the moment):
##certificate commands
these commands deal with issuing and transferring certificates.
**certissuernew**