Topic: [ANN][BANK]BankCoin[X11]POW/POS-Now 4 exchange★bittrex★poloniex★c-cex★coinnext★ - page 48. (Read 88413 times)

http://i57.tinypic.com/30krtr9.jpg
SNS: https://twitter.com/BankCoin777
IRC: http://webchat.zenet.org/?channels=#bankcoin
Launch Date: Wed, 14 May 2014 13:30:00 GMT


Specifications
Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo) POW+POS
Short: BANK
Total coin: 100,000,000
POW last: 10000 - 7 days POW
POS generate after 8000 block
Block time: 60 seconds
Difficulty Retargets:DGW
Decentralized MasterNode Network
POS Min age: 3 day
POS Max age: unlimited
Confirmations on Transactions: 10
Maturity: 50
Stake interest: 10%/year
P2P port: 26666,RPC port: 27777
1% premine for bounties, giveaways, development, support and maintenance, new feature developments etc.
"peerMagic": "b1b2b3b4"
POW REWARD
500 - 40000
2000 - 20000
5000 - 10000
10000 - 5000
Coin Information
BankCoin is an innovative, secure and energy efficient pure PoS coin. After of 7 day as a PoW, the coin has been transfered to a pure PoS coin, where the generation of new coins and the maintenance of the network are done through minting instead of mining.

BankCoin will have a total of 100 million coins.

PoS will start after at least 3 days of holding of the coins in the wallet. With PoS, the coin is more resilient to 51% attack.

As an investor, you will be glad to know that holding your coins in the long term will result in tremendous rewards. BankCoin  is also designed to be widely spread amongst population all over the World, and so is available in a large quantity.

Bankcoin uses a chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and should take years.  

With chained hashing, high end CPUs give an average return similar to that of GPUs. Another side effect of the algorithm is GPUs run at about 30% less wattage than scrypt and 30-50% cooler.

Downloads:(2014-08-06)
Windows wallet - https://mega.co.nz/#!7chSDbDY!y1Z5p2-lB_zkBnkxG3yBLs0mWl50u6_XidJnBTeYcbI
Linux wallet - https://www.dropbox.com/s/wsx0pkw84tx4jr7/bankcoind.zip
Mac wallet - https://www.dropbox.com/s/4i3y28cbseh6pkd/bankcoin-Qt.dmg Bounty 20000BANK(w8)
Android wallet - Bounty 20000BANK

Standalone CPU Miner:
Source: https://github.com/ig0tik3d/darkcoin-cpuminer-1.2c
Source: https://github.com/elmad/darkcoin-cpuminer-1.3-avx-aes  (Faster if you have the AES-NI instruction set)
Windows: http://darkcoin.io/downloads/xcoin-miner.zip
Windows 1.2 avx-aes: http://darkcoin.io/downloads/darkcoin-minerd-1.2c.zip
Windows 1.3 avx-aes: http://download.darkcoin.fr/darkCoin-cpuminer-1.3-avx-aes-windows-binaries.zip

Standalone GPU Miner:
Source: https://github.com/prettyhatemachine/sph-sgminer
Windows: https://mega.co.nz/#!2JYXHDpD!OOiFOdsh5rnvk1zhz5niXENNzbgnw1UXwmFcicBzevI
phm’s bitcointalk thread:
https://bitcointalk.org/index.php?topic=475795.0;all

R9 270:
R9 280x:
Pools:
Pools Bounty 10000BANK
http://bank.hashhot.com
http://www.hashharder.com/x11/bankcoin
http://bank.dgbpool.com
http://www.coinmine.pw/poolinfo.php?coinid=69
http://p2poolcoin.com:6565
http://omargpools.ca/bank/
http://Bank.520Cn.Com
http://coinspool.cu.cc/getting_started
http://bank.okaypool.com/
http://trustpool.sytes.net


Client Configuration Sample
Ports: 26666 (connection) and 27777 (RPC)
Launch your wallet, then open the %APPDATA%/bankcoin/ folder
create a file called bankcoin.conf (it is case sensitive under Linux and Mac)
For a longer explaination, read this post

bankcoin.conf

Then re-launch your wallet
Forums
thread bounty 5000BANK
German thread bounty
Chinese thread bounty
Turkish thread
French thread bounty
Dutch thread bounty
Russian thread bounty
Italian thread bounty
Spanish thread bounty
Polish thread
Greek thread
Blog
http://altcoinix.com/bank-coin-x11-algo-powpos/

Source
https://github.com/bankcash/bankcoin
Exchanges:
Each Bounty 100000BANK
https://bittrex.com/Market/Index?MarketName=BTC-BANK
https://poloniex.com/exchange/btc_bank
https://c-cex.com/?p=bank-btc
https://coinnext.com/trade/BANK/BTC
Block Explorer
Integration in the new wallet(2014-08-06)
Faucets
http://bank.forfree.cc/
Games
Bounty 20000BANK
FAQ
1.What is PoS?
PoS: Proof of Stake.
http://en.wikipedia.org/wiki/Proof-of-stake

2. what is the line Stake in wallet?
It is for the PoS blocks. Once a PoS block generated, some of your coins plus the generated interests will be moved to "stake", it is like "immature" for PoW. It will take 50 confirmations to mature, after mature the coins plus interests will be added back to your balance.

3. what does that mean in the wallet : Minting suspended due to locked wallet?
This says you can not do mining due to wallet encrypted.
you need to unlock the wallet in order to mine (for example for PoS blocks):
bankcoin-qt -server
bankcoind walletpassphrase true

4. Do I have to let my wallet open to get PoS coins?
PoS will be generated after at least 1 days holding of the coins in your wallet. You don't need to keep the wallet open all the time. The coin-days accumulated in your wallet will not be lost. The next time when you open the wallet client, the internal miner will start automatically and if the coin holding period meet certain requirements the pos blocks will be generated based on the coin-days in your wallet.

5. How often do I have to open the wallet in order to get PoS coins?
See above. You don't need to open wallet all the time, your coin-days accumulated in the wallet will not be lost.

6. Why I can't sync?
Use addnode in the conf file. The addnode list and sample conf file are posted above.
If you use Windows, the bankcoin config dir is usually at c:/users/*yourcomputername*/AppData/Roaming/bankcoin, in which you should see your wallet.dat and peers.dat files. If the bankcoin.conf file is not there, create it using the above example (you don't need to include all the addnode lines, include some will be ok). Restart your client, you should be in sync within a few minutes.

7. You said 10% interest per year, do I have to wait 1 year to get the PoS interest?
No. PoS blocks will be generated after you hold some coins in your wallet for certain period of time. For bankcoin the minimum requirement is 1 days. If you move around the coins (for example send to other wallet and then send back), the time will reset for those moved.

8. The PoS generated coins, are they eligible for new PoS block generations?
Yes. After maturity (50 confirmations), the coins will move from "Stake" to "Balance". Once the PoS generated coins in "balance", they will be the same as all other coins, and are eligible for future PoS generations.

9. What will be generated total PoW coin number and what will be generated PoS coin number?
After 5 weeks PoW mining, there will be 100 million PoW coins generation. Afterwards there will be some small number of PoW coins continue to be generated (at 1 coin/block). The PoS generation year is 10%.

10. When I transfer some of the coins from my bankcoin wallet, are they the newest coins or does it disrupt the proof of stake process of my older coins?
Any "moved" coins the pos time (coin-day) will be reset for them. It will not affect other "unmoved" coins in the wallet. The PoS will be generated if there are some coins in the wallet satisfying minimum requirements, and the amount generated will be based on the coin-day the total eligible coins have in your wallet.
11. What is Coin control?
When you send bankcoins to someone else, the bankcoin client chooses kinda randomly which of your addresses will send the coins. With coin control you can exactly choose, which of your addresses will be the sending addresses. And even more specific which of your unspent outputs will be the sending inputs. This allows you to spend the bankcoins with the lower coin age, and so earn more coins by optimizing your minting.
More info here

New wallet design
http://i57.tinypic.com/2l8yyz5.jpg
http://i58.tinypic.com/2yjtwgm.jpg
http://i57.tinypic.com/30vdu79.jpg
Awesome! How can I help?
The dev team does not have have a load of their own coins so we do encourage donations to: BCxgLtHzDKbFwjdoqJsX4xNGfQ7XZUhPcB
If you like what we are doing. These donations are used for promotions, giveaways and to fund bounties for games and other coin-related causes.