[ANNOUNCE] Ixcoin - a new Bitcoin fork - page 47.

Nick

jr. member

Activity: 57

Merit: 1

Quote from: ptshamrock on August 10, 2011, 01:10:18 PM

So whyshould anyone mine for this ? i do not clearly understand why just faster inflation is any davance to the bitcoin system..

It's not an advance, it's an excuse to create a new blockchain in which you're the first adopter to become freaky rich.
Not gonna happen though.

brandon@sourcewerks

member

Activity: 62

Merit: 10

Uploaded with ImageShack.us

Too many questions to point my hardware toward this...

Indemnified

full member

Activity: 216

Merit: 100

Quote from: Indemnified on August 10, 2011, 01:04:43 PM

"... there are currently ~580K Ixcoins (as of 10th August 2011)..."

Who, as a matter of interest, has these 580k ixcoins?

"The mining difficult is silly small - for a few hours at least... So start mining asap!"

By the time other miners could come on stream, the owner of the 580k ixcoins will have a lot more, out of a total of 21million.
Other than that, I don't see any purpose to this poroject, and much potential harm.

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Why?
I mean what is the purpose of what? Just reaching the limit 18 years before?

ptshamrock

hero member

Activity: 484

Merit: 500

So whyshould anyone mine for this ? i do not clearly understand why just faster inflation is any davance to the bitcoin system..

markm

legendary

Activity: 2940

Merit: 1090

Quote from: Indemnified on August 10, 2011, 01:04:43 PM

"... there are currently ~580K Ixcoins (as of 10th August 2011)..."

Who, as a matter of interest, has these 580k ixcoins?

"Early adopters! Its not fair! They should make sure all miners know about the proposed new blockchain and set a start date in the future for the date its genesis block is to be created so miners can be ready to start mining it the moment its genesis block is created!" - Anon

-MarkM-

Nick

jr. member

Activity: 57

Merit: 1

Someone's desperately trying to become an early adopter here.
Lame.

Indemnified

full member

Activity: 216

Merit: 100

"... there are currently ~580K Ixcoins (as of 10th August 2011)..."

Who, as a matter of interest, has these 580k ixcoins?

enmaku

hero member

Activity: 742

Merit: 500

Looks interesting. Part of the awesomeness of tech is that you can change the world overnight. 2015 sounds like a much more internet-esque timeline than 2033 Tongue

AtlasONo

hero member

Activity: 551

Merit: 500

NEAT!

Nasakioto

full member

Activity: 172

Merit: 283

Thomas Nasakioto

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Hash: SHA1

Ixcoin is a fork of Bitcoin with twice the inflation rate of 96 Ixcoins per block and the same 21 million total limit.

Ixcoin is intended to closely mirror code updates to Bitcoin to allow for easy interoperability with Bitcoin-related third party services and APIs.

More details at http://www.IxCoin.org and in the FAQ

How does Ixcoin differ from Bitcoin?

Shorter maturity period

There are currently ~7M (as of August 2011) in existence and it is expected that all 21 million Bitcoins will have been generated by 2033. Whereas there are currently ~580K Ixcoins (as of 10th August 2011) in existence and it is expected that all 21 million Ixcoins will have been generated by 2015. Ixcoin maturity will be reached ~18 years before Bitcoin's.

This is because a 16*6=96 IXC reward is created per new block instead of 50 BTC in Bitcoin.
New blockchain

Although Bitcoin's blockchain is in the same format as Ixcoin's, they use different genesis blocks and have a different reward scheme. So Bitcoins will not be valid in the Ixcoin blockchain and vice-versa.
Different default ports

Bitcoin's operating port 8332 is now 8337 with Ixcoin.
Bitcoin's RPC server port 8333 is now 8338 with Ixcoin.
New key format

Wallet public keys now start with the letter x instead of the number 1 for Bitcoins.

Bitcoin wallet key: 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W
Ixcoin wallet key : x75tWpb8K1S7NmH4Zx6rewF9WQrcZv245W

Where can I get the source?

The source is under the same MIT License and is available https://github.com/ixcoin/ixcoin/tree/Branch_v0.3.24

Where can I get the executables?

On Sourceforge:

ixcoin-0.3.24-linux.tar.gz SHA1: 9c60367439ca849ae8749182fd3c2e0b60728890

ixcoin-0.3.24-linux-src.tar.gz SHA1: 65b08df71875c7fcbac6450bf2edd84c70f1ba62

ixcoin-0.3.24-win32-setup.exe SHA1: 0298f65e4e309c54d25052ecee70e25796d362c4

ixcoin-0.3.24-win32.zip SHA1: 573a36bde8ab8e29874cc8327f3262775ffcc63a

There are over 230,000+ IXC bounties up for grabs.

The mining difficult is silly small - for a few hours at least... So start mining asap!

Thomas Nasakioto
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