Max Supply: 18.5M
Block Reward (at beginning): 17
Block Time: 60sec
Not to bad
Care to explain the reward structure a bit? Also a pool would be nice if possible!
Topic: [ANN][BMR] Bitmonero - a new coin based on CryptoNote technology - LAUNCHED - page 26. (Read 68802 times)
April 09, 2014, 04:03:32 PM
April 09, 2014, 03:50:04 PM
Launch date - 18 April, 10:50 GMT 17 April, 22:00 GMT
Website:
http://bitmonero.org
BMR rep is the freshest one. You may check it there: https://github.com/bitmonero-project/bitmonero
Latest update of binaries are available at www.bitmonero.org
Links:
Win 32
Win 64
Unix
Mac
I'm working on another good feature now, so stay tuned.
Freenode: #bitmonero
[Logo contest - till 28 April - bounty 300 BMR]: https://bitcointalksearch.org/topic/bmr-bitmonero-logo-contest-bounty-300-bmr-580155
Important: this is not a Bytecoin relaunch or not a Bytecoin replacement but a Bytecoin fork. Bytecoin has its own long history, community and stakeholders we don't know much about. I respect them and their decisions even if I don't understand them now. An intention to relaunch coin is always harmfull for everybody involved. Fork is a right way to contribute to community in case you don't agree with decisions already made.
- Why did I make fork?
- Because there is a number of technical and marketing issues I wanted to do differently. And also because I like ideas and technology and I want it to succeed.
I did an announcement ASAP while a lot of details aren't still defined because the earlier it is announced the more people will be able to join. Details will appear as soon as they will be defined and decided.
Here are details that are already defined and I don't plan to change this:
1. New coin will use Bytecoin(BCN)/CryptoNote code base.
2. New coin is started from scratch (i.e. from genesis block).
3. Emission schedule has a flatter curve (close to Bitcoin's original curve).
4. Bitmonero - BMR (monero /esperanto/ = coin)
Name. Actually there are several good candidates. I have to buy corresponding domains before announcing name 
5. Block target = 60 seconds
6. Penalty-free block size were increased.
CryptoNote doesn't have hard limits: all parameters are adaptive. Max block size is adaptive also. It is recalculated the same way difficulty is. In case miner creates block bigger than 1*CURRENT_MAX_BLOCK_SIZE the penalty is applied to block reward (i.e. block reward is decreased). In case miner creates block bigger than 2*CURRENT_MAX_BLOCK_SIZE such block will not be accepted by network.
For blocks below penalty-free block size this logic isn't applied. I.e. even in the blockchain with all blocks empty you can create a block of this size with full block reward. In reference code this penalty-free block size is 10Kb - this is good for 2-3 anonymous transactions (anonymous means mixin factor is 5 or more). It's better to have a bit more.
7. Decimal point were moved. There are less coins in total but initial block reward will be less than 100 coins. This is much easier for practical use. This is an UI issue only - technically there will be 2^64 - 1 atomic units.
Action plan
- I want to start mining and I don't want to wait a week. What can I don just now?
1. CryptoNote is very different from Bitcoin-based currencies and it has no GUI now. I recommed you to try Bytecoin (BCN) now to understand how to use it. The new currency will be very similar while starting.
2. If you are an Ubuntu user it is much better to update you mining machine to Ubuntu 13.10 because there are all required packages already in repo.
3. CryptoNote now works only on 64bit OSes. Actually I don't know the way to build it for 32bit OS. In order to participate you need 64bit OS.
- I want to help with development / design / marketing ...
Please PM me
- I want to integrate new currency in my sevices (pools, block explorers, exchanges etc)
Please check API pages: https://wiki.bytecoin.org/wiki/Main_Page
API is far from being complete. Please PM me for comments or ask on CryptoNote forum: https://forum.cryptonote.org/
- I want to give you money for this project
Here is a donation address in BCN: 27swAkuqXB2M2YNhxjP9qngei9iRdTsH6b2PX7K4ffpugpf3hqiuRUUQvKLxny2iE1hbUANgF81CXL2 v3AiB45v7SmRaPGd
Translations:
[Portuguese] https://bitcointalksearch.org/topic/xmr-monero-cryptomoeda-segura-privada-nao-rastreavel-563927
References:
[1] CryptoNote technology page: https://cryptonote.org/inside.php
[2] CryptoNote forum: https://forum.cryptonote.org/
[3] Bytecoin (BCN) site: https://bytecoin.org/
[4] Bytecoin (BCN) wiki: https://wiki.bytecoin.org/
[5] Bytecoin (BCN) main thread: https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747
[6] Bytecoin (BCN) mining guide: https://bitcointalksearch.org/topic/bcn-bytecoin-not-a-bitcoin-fork-how-to-544715
[7] Bytecoin (BCN) white paper: https://bytecoin.org/whitepaper.pdf
Website:
http://bitmonero.org
BMR rep is the freshest one. You may check it there: https://github.com/bitmonero-project/bitmonero
Latest update of binaries are available at www.bitmonero.org
Links:
Win 32
Win 64
Unix
Mac
I'm working on another good feature now, so stay tuned.
Freenode: #bitmonero
[Logo contest - till 28 April - bounty 300 BMR]: https://bitcointalksearch.org/topic/bmr-bitmonero-logo-contest-bounty-300-bmr-580155
Important: this is not a Bytecoin relaunch or not a Bytecoin replacement but a Bytecoin fork. Bytecoin has its own long history, community and stakeholders we don't know much about. I respect them and their decisions even if I don't understand them now. An intention to relaunch coin is always harmfull for everybody involved. Fork is a right way to contribute to community in case you don't agree with decisions already made.
- Why did I make fork?
- Because there is a number of technical and marketing issues I wanted to do differently. And also because I like ideas and technology and I want it to succeed.
I did an announcement ASAP while a lot of details aren't still defined because the earlier it is announced the more people will be able to join. Details will appear as soon as they will be defined and decided.
Here are details that are already defined and I don't plan to change this:
1. New coin will use Bytecoin(BCN)/CryptoNote code base.
2. New coin is started from scratch (i.e. from genesis block).
3. Emission schedule has a flatter curve (close to Bitcoin's original curve).
4. Bitmonero - BMR (monero /esperanto/ = coin)
5. Block target = 60 seconds
6. Penalty-free block size were increased.
CryptoNote doesn't have hard limits: all parameters are adaptive. Max block size is adaptive also. It is recalculated the same way difficulty is. In case miner creates block bigger than 1*CURRENT_MAX_BLOCK_SIZE the penalty is applied to block reward (i.e. block reward is decreased). In case miner creates block bigger than 2*CURRENT_MAX_BLOCK_SIZE such block will not be accepted by network.
For blocks below penalty-free block size this logic isn't applied. I.e. even in the blockchain with all blocks empty you can create a block of this size with full block reward. In reference code this penalty-free block size is 10Kb - this is good for 2-3 anonymous transactions (anonymous means mixin factor is 5 or more). It's better to have a bit more.
7. Decimal point were moved. There are less coins in total but initial block reward will be less than 100 coins. This is much easier for practical use. This is an UI issue only - technically there will be 2^64 - 1 atomic units.
Action plan
- I want to start mining and I don't want to wait a week. What can I don just now?
1. CryptoNote is very different from Bitcoin-based currencies and it has no GUI now. I recommed you to try Bytecoin (BCN) now to understand how to use it. The new currency will be very similar while starting.
2. If you are an Ubuntu user it is much better to update you mining machine to Ubuntu 13.10 because there are all required packages already in repo.
3. CryptoNote now works only on 64bit OSes. Actually I don't know the way to build it for 32bit OS. In order to participate you need 64bit OS.
- I want to help with development / design / marketing ...
Please PM me
- I want to integrate new currency in my sevices (pools, block explorers, exchanges etc)
Please check API pages: https://wiki.bytecoin.org/wiki/Main_Page
API is far from being complete. Please PM me for comments or ask on CryptoNote forum: https://forum.cryptonote.org/
- I want to give you money for this project
Here is a donation address in BCN: 27swAkuqXB2M2YNhxjP9qngei9iRdTsH6b2PX7K4ffpugpf3hqiuRUUQvKLxny2iE1hbUANgF81CXL2 v3AiB45v7SmRaPGd
Translations:
[Portuguese] https://bitcointalksearch.org/topic/xmr-monero-cryptomoeda-segura-privada-nao-rastreavel-563927
References:
[1] CryptoNote technology page: https://cryptonote.org/inside.php
[2] CryptoNote forum: https://forum.cryptonote.org/
[3] Bytecoin (BCN) site: https://bytecoin.org/
[4] Bytecoin (BCN) wiki: https://wiki.bytecoin.org/
[5] Bytecoin (BCN) main thread: https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747
[6] Bytecoin (BCN) mining guide: https://bitcointalksearch.org/topic/bcn-bytecoin-not-a-bitcoin-fork-how-to-544715
[7] Bytecoin (BCN) white paper: https://bytecoin.org/whitepaper.pdf
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