Onecoin
Onecoin is cryptocurrency drastically different to any of existing ones. While some altcoins aim for the title of the most expensive coin and a base for long-time investments, their value is still comparable to that of Bitcoin. I decided to go further and bring this idea to its logical conclusion. With Onecoin, there will never ever be more than a single coin mined. Apart from exceptional value of the coin, there is one more advantage - the number you see in your wallet means the share of total wealth you own.
- Maximal money amount is one coin (actually 0.999999999987 because of rounding).
- Scrypt-jane implementation from Yacoin. Currently only CPU mining is possible.
- 2 minutes block target.
- Difficulty retargets each block (PPCoin's implementation).
- Maximal block reward: 500 nano-OTC.
- The first 1000 blocks will have no reward, then the reward will gradually grow up every 500 blocks to 500 nano-OTC during first 25500 blocks, and after that default rules will apply. This will ensure that the launch is fair. No premine!
- TX fee: 10 pico-OTC.
- Subsidy is cut in half every 1000000 blocks, which will occur approximately every 3.8 years.
- Decimal precision is changed from 8 digits to 18.
- Additional display units added to the QT client to make amounts more readable: nOTC, pOTC, fOTC, aOTC.
- Default port: 8555 (18555 for testnet).
- Default RPC port: 8554 (18554 for testnet).
- Onecoin is based on the latest Bitcoin sources and will follow Bitcoin updates closely.
Note: The hashing algorithms and Nfactor calculation is different from that of Yacoin. Use the provided cpuminer only!
Windows binaries: http://sourceforge.net/projects/onecoin/files/onecoin-qt-v.0.1.0.zip/download
Sources: https://github.com/onecoin/onecoin. Checkout tag v0.1.0 for current version.
cpuminer sources: https://github.com/onecoin/cpuminer
Pools: http://onc.coinmine.pl/ and http://onc.serverpit.com/
Use the attached cpuminer!
Exchanges: Manual trading for PPC on PPC marketplace: http://ppcoin.org/market (discussion: https://bitcointalksearch.org/topic/--238604)
The bounty for the first automated exchange is still here!
Faucet: http://onecoin.faucet.tmd.ee/ (gives out 50 nONC)
Discussion: here and on CryptoCoinTalk: https://cryptocointalk.com/forum/233-onecoin-onc/
I will be very thankful if you would wish to donate some of your mined nONCs for bounties and giveaways. All collected funds will go only for promotion of Onecoin.
Donation address: oKG3WZAG2d5BXDmvKVT6pKKrkoqGFeCepw
Bounties (thanks to Aggrophobia and turtle83!):
First pool - 100µONC Given to feeleep and FaT
First p2pool - 50µONC
First Block-Explorer - 20µONC
First exchange - 20µONC
First Game - 10µONC
First p2pool - 50µONC
First Block-Explorer - 20µONC
First exchange - 20µONC
First Game - 10µONC
Mining instructions - easy mode
Run onecoin-qt.exe. Open console (Help -> Debug window, then switch to Console tab), paste the following command and hit enter:
Code:
setgenerate true
Mining instructions - hard mode, but more hashes per second
Run onecoin-qt.exe, then close it. Go to \AppData\Roaming\Onecoin and create file onecoin.conf with following contents:
Code:
rpcuser=onecoinrpc
rpcpassword=
server=1
rpcallowip=127.0.0.1
Code:
minerd-x86_64-avx.exe -a scrypt-jane -o http://127.0.0.1:8554 -u onecoinrpc -p