Topic: [ANN][SRC] Securecoin | A Fast and Secure Version of Bitcoin | 2013 - page 13. (Read 195274 times)

It's fun to go back and read the first few pages of this post. 

Exactly.

Actually, Quark is a clone of SifCoin, which was the one to originally use multiple hashing algo's. Securecoin is a reboot of Quark, but with a rational economy that mimics BTC. 98% of Quark's 250million total supply of coins has already been mined. That means miners are going to receive pittances for their hashpower; the chain is pretty much doomed because nobody will support it for rewards that are worth nothing in comparison to what's already in circulation.

QRK is a poisonous asset, SRC is an attempt to solve that and keep market interest around for multi-algo coins.

bump...

Updated here and on the site.

Looks good! Is there API access?

Bug Found:
Entering an address in the top search box results in a 502 Bad Gateway.

Great work!

Could you consider updating the pool list in the first post and on the Securecoin website? It seems that src.coinmine.pl has more hash (3Gh/s) than all the other pools combined (barely 750Mh/s). Quickly searching this thread and the web returned the following pools:

P2Pool:
http://src.mine-pool.net/
http://pool.bounceme.net:44397/static/
http://src.forkpool.com:8372/static/
http://p2pool.org:9372/static/

http://mine-pool.net/src
http://src.coinpool.ru/

Already linked from the first post:
http://www.japool.com:17339/static/ (P2Pool)
https://www2.coinmine.pl/src/ (more than 51% of the hashrate)
(the http://coinex.pw/ doesn't seem to be online any more)

The pools should be rearranged so that newcomers don't jump straight on src.coinmine.pl and worsen the situation. It would certainly help if high hashrate miners switched from src.coinmine.pl to a P2Pool node and the smaller miners switched to the non P2Pool pools (a low hashrate can result in many small/dust transactions on P2Pool). It would be ideal if everybody choose the lowest hash pool they can find to maximize decentralisation (or switch to their own P2Pool node).

Block explorer is available at http://altexplorer.net/chain/SecureCoin

CryptoAve should launch very shortly. If not January 31st, it should be launched in early February.

SRC i've been buying ~ is Crypto Ave alive yet? :-) x--many thanks!

- Securecoin distribution is much fairer than Quark's over the long-term.

- SRC currently maintains the highest hashrate over most of the other CPU coins in existance - making the network automatically more 'secure'.

- It is part of a 'family' of 3 great coins i.e. Digitalcoin (DGC) , Argentum (ARG) and Securecoin (SRC) which will also feature on the CryptoAve Exchange.

- Securecoin follows a similar economic model to Bitcoin - which to date has proven to be successful.

- baritus is the lead developer. A very active, competent and caring dev. who demonstrates both a good understanding of economic principals in crypto-currency as well as a technical ability and the necessity of fairness.

~ "Those of us who are not totally Quark'ers - mine Securecoin".  

bump!

All these currencies are alternatives. If you don't mind a currency that becomes less secure constantly, QRK is perfect for you and SRC offers no advantages for you.

Quark was never pre-mined. It was just fraud that people spread. Quark was just mined very quickly because of it's short mining period. The goal of Quark was to become an currency. Here is the Quark video to give you the basics. http://youtu.be/vb8si58DW9Y


Yes, but one would wonder why the developers are more focused on DigitalCoin. SecureCoin being a better to mine is a complete opinion, but it's semi true because Quark mining period is almost over. Better to own now that is an opinion too, but in theory Quark is better to own because of the short mining period. This creates stability and a better distribution. If you look at bitinfocharts.com and compare the top 3 crypto family (Bitcoin, Litecoin, Quark) Quark already have a slightly better distribution. You have to bring into the account that Quark is only 6 months old compare to Bitcoin 5 years old, and Litecoin 3 years old and it's already starting to show better distribution. Also Quark cap wasn't 247million. It was just rounded down. Quark will be officially finish mining in about 10 days I think then the 1 million quark per year will come into play. To go back to your mining part. If you really want to mine for profit you should not be doing SecureCoin or Quark.

Here is a picture to show the distribution.



Anyway my post in this thread isn't to advocate for Quark. I'm here to really look at the reason why I should pick SecureCoin and I haven't received a real convincing argument.

Any chance that you can go over some of these benefits?  My knowledge about SRC and QRK is limited, but I see one side saying that SRC is just a clone of QRK, and the other saying that QRK was heavily pre-mined.  For me, the pre-mine is a reason to avoid QRK if they're both so similar.

You seem to be more interested in investment, as opposed to mining.


Looking at the launch dates, DigitalCoin (GPU) was May 2013, and SecureCoin (CPU) was August 2013.....

Maybe Quark suits you because you're happy to just sit on a currency - whereas other people want to obtain currency themselves. When you look at the figures and the charts, SecureCoin is a much better coin to mine and own. Quark have now reached the 247m cap and is 40% into the 1m per year (in what, 1 month?)... for me, someone who likes to mine my currency, Quark is one of the *worst* options... SecureCoin has been a slow but steady earner for me, and apart from the latest market drop it's been quite consistently priced and available to buy/sell. I also get ~2-3 a day from mining....

I also picked SecureCoin because of the developer community, while it may be quiet on the SRC side of things, at least we get answers from developers and information is available, when you compare it to other CPU coin's, this wins hands down... 






...................................................except for the lack of block explorer... baritus + co, plz fix, thx

I did not realize that I was talking to a SecureCoin developer, no wonder you're so single minded. Quark has overall a bigger community backing than SecureCoin. The network security issue is protected by checkpoints to reduce the chance of a 51% attack. Quark benefits extremely outweighs SecureCoin at this point. Even you as a developer isn't mainly just focused on SecureCoin. You went to another coin DigitalCoin. This will speaks about your confidence in your SecureCoin. I'm here to discuss about the real benefits, but you have shown me that you really do not have any main points.

Exactly, that's your opinion, and everyone has one.

QRK has nothing to offer over SRC except a less secure network by your own argument. So let's keep it going for what reason?

This isn't a real argument about SRC being better. QRK will obviously have a lower hash rate because of their economic model. This model ultimately will help create a wider distribution. This would just be an opinion of which model is better. So Quark is ultimately more focused on long term than Securecoin. So lets keep this going and see what else SecureCoin has to offer.

Go compare the network hash rates of SRC and QRK. There's your answer. SRC, the younger one, is much more secure. The reason is: QRK's economy which halves very quickly to profit devs/early holders even more. Network security is the price for their pump.

Proof and more: https://bitcointalksearch.org/topic/why-choose-securecoinsrc-over-quarkcoinqrk-src-is-much-more-secure-401509

SRC is just getting started. Money supply is still growing and services are still being developed. SRC is not meant as a pyramid scheme, halving the profit way too quickly to get everyone at the top rich(like QRK did) and not caring what effect it would have on security. It is focused on the longterm instead of short term pumping and hoarding.