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Topic: [ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26 - page 2. (Read 33450 times)

member
Activity: 70
Merit: 10
What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

Looks like the daemon on the block explorer is offline, but here are the transaction hashes for all burns since the date you mentioned:
Code: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You can look at them by opening the debug console and running
Code:
getrawtransaction TXHASH_HERE 1

Note the 1 on the end or you'll just get the raw hex representation

If anyone wants to set up a block explorer you need to first install our skein python module from https://github.com/nigeriacoin/p2pool/tree/master/skeinhash and then add the below entries to your Abe/Chain.py

replace the create function defininition at the beginning of the file with this
Code:
def create(policy, **kwargs):
    # XXX It's about time to interpret policy as a module name.
    if policy in [None, "Bitcoin"]: return Bitcoin(**kwargs)
    if policy == "Testnet":         return Testnet(**kwargs)
    if policy == "Namecoin":        return Namecoin(**kwargs)
    if policy == "LegacyNoBit8":    return Sha256Chain(**kwargs)
    if policy == "NovaCoin":        return NovaCoin(**kwargs)
    if policy == "CryptoCash":      return CryptoCash(**kwargs)
    if policy == "Hirocoin":        return Hirocoin(**kwargs)
    if policy == "X11":             return X11Chain(**kwargs)
    if policy == "Bitleu":          return Bitleu(**kwargs)
    if policy == "Keccak":          return KeccakChain(**kwargs)
    if policy == "Maxcoin":         return Maxcoin(**kwargs)
    if policy == "NigeriaCoin":     return NigeriaCoin(**kwargs)
    return Sha256NmcAuxPowChain(**kwargs)

Then add
Code:
class SkeinChain(Chain):
   def block_header_hash(chain, header):
       import skeinhash
       return skeinhash.getPoWHash(header)

class NigeriaCoin(SkeinChain):
    def __init__(chain, **kwargs):
        chain.name = 'NigeriaCoin'                       
        chain.code3 = 'NGC'
        chain.address_version = '\x35'
        chain.magic = '\x2f\x23\x2c\x25'
        Chain.__init__(chain, **kwargs)

    datadir_conf_file_name = "nigeriacoin.conf"
    datadir_rpcport = 3556

And add "policy": "NigeriaCoin" to your datastore entry in your config file (to make sure abe uses the right chain policy), e.g.
Code:
datadir = [{
    "dirname": "/home/ubuntu/.nigeriacoin",
    "chain": "NigeriaCoin",
    "policy": "NigeriaCoin",
    "code3": "NGC",
    "address_version": "\u0035"}]
hero member
Activity: 826
Merit: 501
in defi we trust
What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

So will the other premined coins be burned in batches one after the other in the future? And when, how long will it take, what is the algorythum of this burn?

Are you still wondering ?
There will no burning and no moon for this coin.
full member
Activity: 177
Merit: 100
What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

So will the other premined coins be burned in batches one after the other in the future? And when, how long will it take, what is the algorythum of this burn?
full member
Activity: 177
Merit: 100
Now I have NGC... So, please explain how I go about showing Proof of Burn? And, it would be good to hear what is the point, why should I bother? I like your idea, the innovative approach and would like to support NGC, but I am quite new to this so please take a moment to be explanatory.

As far as I understand it, the proof of burn (destroying some of the pre-mined coins) negates a bit the bad effects of the premine. The dev said the premine was 47% which is a lot, so destroying even some of these coins as time passes is better than leaving them.

OTOH having a large pre-mine and then leaving the coin may lead us to think that there was a dump -- I didn't bother to check and investigate this in the coin chain and I hope the dev is still around and will be supporting the coin.

But I'm just a user, not the dev, so maybe the dev should address these questions about proof of burn.
full member
Activity: 168
Merit: 100
Nigeriacoin is now listed here: http://www.cryptocoinrank.com/Nigeriacoin

Please see the guide in this thread: https://bitcointalksearch.org/topic/annwwwcryptocoinrankcom-for-sale-for-sale-for-sale-579901 if you want to get your Twitter News to work!
Cheers
member
Activity: 97
Merit: 10
Now I have NGC... So, please explain how I go about showing Proof of Burn? And, it would be good to hear what is the point, why should I bother? I like your idea, the innovative approach and would like to support NGC, but I am quite new to this so please take a moment to be explanatory.
full member
Activity: 177
Merit: 100
There is something wrong -- maybe with the explorer in the OP -- the last block in the explorer is 7083 from April 9 and today is 13th and my local daemon shows block #9622

I mean this explorer: http://explorer.nigeriacoin.org/chain/NigeriaCoin

Is there a problem in the chain now? I refreshed mine and I am again on 9622 (with new blocks appearing). Is there a fork???
newbie
Activity: 4
Merit: 0
Congrats Dev. Keep up the good work!

I tried the updated client, shows 'no block source available'. The previous one works fine, I can send/receive NGCs.
Can you give some nodes, so I can add them manually?

sr. member
Activity: 476
Merit: 250
sr. member
Activity: 560
Merit: 250
sr. member
Activity: 560
Merit: 250
I don't see any workers in ALL pools listed on front page. All mining solo?..
how much NGC will I have with 280x (750kh scrypt) and what speed it will be in skein mh?

I have been solo mining from the beginning. Sometimes the pools pick up but then they go back to zero miners again. My guess is because the difficulty drops back down and its easy to hit blocks by yourself.

With your 280X I'm sure you will hit blocks probably about 3-5 per hour at the current difficulty. My guess on your MH/s would be around 180-200. When you use the skein miner make sure you keep your intensity down to about 10-11 going higher won't increase your MH/s and it just slows down your computer.

Hope that helps.
full member
Activity: 219
Merit: 100
I don't see any workers in ALL pools listed on front page. All mining solo?..
how much NGC will I have with 280x (750kh scrypt) and what speed it will be in skein mh?
sr. member
Activity: 560
Merit: 250
Listed on Mintpal voting and rising quickly. Thanks to all who have donated/clicked so far.

Looks like there is finally a post in the reddit as well. Sweetness  Grin
sr. member
Activity: 560
Merit: 250
Well that escalated quickly.   Shocked

The network Hash rate (3.2 GH/s) and difficulty (was 400+) jumped up quite a bit when the C-Cex exchange was announced.

We should probably be pushing for more exchanges. Im thinking mintpal.

Anyone else willing to spend a tiny fraction of btc to get NGC up the list?

Don't you think it's better to concentrate the volume onto one exchange?

Yes and no.

If the exchange isn't large enough to support the amount of incoming NGC then I think another medium sized one may help out quite a bit.

The larger problem I see isn't really the amount of exchanges but rather the lack of attention to this coin. Honestly I think some activity on the reddit page and a plan for the Nigerian part of the coin would help even more. The proof of burn concept is awesome and I believe in it but there needs to be more. Just like any great idea if no one knows about it then it just stays as an idea.

Either way I have asked mintpal to list NGC on their votes and it is on there now. So if anyone does agree that mintpal would help promote the coin please help me get it up the list.


member
Activity: 70
Merit: 10
Well that escalated quickly.   Shocked

The network Hash rate (3.2 GH/s) and difficulty (was 400+) jumped up quite a bit when the C-Cex exchange was announced.

We should probably be pushing for more exchanges. Im thinking mintpal.

Anyone else willing to spend a tiny fraction of btc to get NGC up the list?

Don't you think it's better to concentrate the volume onto one exchange?
sr. member
Activity: 560
Merit: 250
Well that escalated quickly.   Shocked

The network Hash rate (3.2 GH/s) and difficulty (was 400+) jumped up quite a bit when the C-Cex exchange was announced.

We should probably be pushing for more exchanges. Im thinking mintpal.

Anyone else willing to spend a tiny fraction of btc to get NGC up the list?
member
Activity: 70
Merit: 10
NGC added to C-CEX!!!!

https://twitter.com/CryptoCurrEncyX/statuses/450679661560090625

Quote
    C-CEX.com @CryptoCurrEncyX

    NigeriaCoin (NGC) added! https://c-cex.com/?p=ngc-btc
member
Activity: 70
Merit: 10
Is C-CEX having trouble adding the NGC coin for some reason? It doesn't seem to have been added despite winning their vote.

I think we need to get this coin on some respected exchanges to draw some additional mining interest to the coin - network hash rate seems to be decreasing (3185662818 now).

I would think with the increased prevalence of Scrypt ASICS that miners would be looking into alternative hashes, and I think NGC has a lot of advantages as a coin.

I am trying to talk to C-CEX support on Skype now.
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