Topic: [ANNOUNCE] OneCoin - Simple, Decentralized, Mineable Cryptocurrency (Read 877 times)

Hey any way to reach OP? can't send you a DM.

I've been mining for a few days and I put a query in the project's discord.

However, nobody has answered, it may be a dead project or maybe it only has one person working on it.

Nowhere, mining algo is complete junk. 90% miners jumped off long time ago.

Wow!! A very interesting project, i going to mine now this crypto!!

Curious where the fate of this coin is heading to? The OP should have created a new name in the first place. What I remember upon seeing its name is the scam pulled by the OneCoin project years ago. For newcomers, they may not know it but a lot of old timers here will always associate the name to that scam exit.

Wow, passed 100,000 blocks now! Any good news?

We are opened first mining pool! Now it is at experimental stage, but you can mine already, more info on our discord.

We also reach block 10.000, transactions are now unlocked!

Best project of the year.

Woot Woot... got in at start!  It appears like you have put a lot of work into it, and it shows.  Been mining all day, have mined several blocks and running solid.

Built in Explorer and other tools, local web based stats, well thought out.

I have a good size GPU farm, HDD farm, and now adding this as my main CPU coin.

Keep it up, and good job!

To make blocks verification process more energy-efficient, but still proof-of-work and also more asic-resistant. You need full blockchain, but it is not accessed whole at once. To mine block, you generate a hash and depends on this hash you need to hash it with previous block hash. But the "jump step" is bigger with each iteration. That means if you are at height for example, 1.000.000, and you have only blocks over 500.000 in memory, about 90% time you need to access that part in memory, not in hard drive, becouse the closer to blockchain height, the greater the chance of using that block. And also, it not support smart contracts (instead, transaction can have "message" field, this gives possibility to use it in 3-rd party apps) so blockchain will not be growing very fast. Empty block is about 4KB in size, each transaction is about 1KB (average). Maximum theoretical possible "jump step" is about 25.000.000 (practical even less). So, to store 25.000.000 blocks in memory (let assume that we have average 96 transactions in each block) we need 4+96 = 100KB for each block with transactions, that means 2.5 TB for latest 25.000.000 blocks. Is it a lot? For now maybe yes, but average block time is about 1 minute, so we need about 50 years to reach 25.000.000 block. In other words, after 10 years of mining we will need about 512GB of ram. It may be quite expensive to buy, but it is definitely more energy efficient (each memory module will use only about 5 watts), than Ethereum mining rig or Bitcoin asic, which are also expensive.

As many as possible, becouse more nodes mean more stable network. To make node simply open port 10101 (TCP required, UDP recommended) download latest release form github and run. Mainnet already launched, more info on discord.

How many public nodes are needed and what is the current status?

What is the purpose of your coin? I presume it is just experimental to see how memory mining works? Interesting that you require the whole blockchain in memory to mine and it would be interesting to see what is going to happen once the blockchain sizes goes beyond the size of the average PCs memory. This will cause huge R/W load on HDDs and shorten the lifespan of SSDs considerably. Do yo have stats on HDD R/Ws for mining this coin if a portion is on the HDD?

We are almost ready to launch, but we need more public nodes! If you want to help and host you own node contact me on discord (you can also send me a private message or reply to this post, but i will respond quicker on discord)!

I want to launch block chain tomorrow, so i won't have enough time to change the name. But you are probably right, it should be changed, so i maybe change it in near future. Now i need a good new name for it, for now i have no idea how to name it.

I edited my first post and added block chain launch info now, starting tomorrow.

would also quickly change the name
if you want the coin to have a future

There is a bad association with the current name

Obviously, that's why I suggest you change your coin name while you're still at the beginning. when I saw the name, the first thing that associated me was the famous Ponzi scam behind that name.
You trying to start something new, but with a name like this, it's like you're running a race, but it's your feet in the mud up to your knees.

by the way, are you so impatient that you publish all this with just a few pictures? An HTML page is not a big problem to make or even to buy it for a few bucks.
however, good luck with your coin.

Hello. I created a new cryptocurrency in C# .Net  focused on simplicity and user friendly. Now I am looking for people who want to mine and / or host a full node. It is coded from scratch, not a bitcoin fork.

Here is some cryptocurrency details:
 - Simplicity - This coin is super simple to use and easy to integrate with apps.
 - One Coin - Total supply of this cryptocurrency is exactly 1 coin (24 decimal places).
 - Tq Hash - This coin uses algorithm combined of Sha512, Sha256, Md5 and Md4.
 - Non Burnable - This cryptocurrency is almost 100% anty burnable.
 - Memory Hard - You need to have whole blockchain in memory to be able to mine.
 - Nicknames - Use nickname instead of long, hard to remember address.
 - Avatars - Set avatar for your account, so you can use it everywhere.
 - Fair Launch - There is no ICO or premine.

More detailed information: https://one-coin.org/faq.pdf
Project source code: http://github.com/TheQffel/OneCoin
Our discord server: https://discord.gg/SbsFcxFYsg

https://one-coin.org/desktop.png

https://one-coin.org/mobile.png

PS. This coin has nothing to do with OneCoin scam form few years ago. I named it OneCoin just because total supply of this cryptocurrency is 1 Coin.

Mainnet is live! Download latest release from HERE and start mining!