How do you create an altcoin? - page 14.

wmikrut

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Quote from: Brunic on April 13, 2013, 06:22:41 PM

Hey pixel, I've been looking at the code.

I think I found the maximum quantity of coin, it seems it's a single variable in the src/main.h file, line 35. You also have other interesting variables there between lines 30 and 40.

Wow ... it seems like the block reward is hard coded into the cpp file.

Brunic

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Hey pixel, I've been looking at the code.

I think I found the maximum quantity of coin, it seems it's a single variable in the src/main.h file, line 35. You also have other interesting variables there between lines 30 and 40.

wmikrut

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Lol... people will say all kinds of stuff... I like the thought of exploring the settings for a 'fun coin'.

My guess (and please don't shoot me).... is most of what is needed is in main.cpp as far as default settings go.
Someone with a bit more experience will need to chime in on this one:

32 uint256 hashGenesisBlock("0x12a765e31ffd4059bada1e25190f6e98c99d9714d334efa41a195a7e7e04bfe2");
33 static CBigNum bnProofOfWorkLimit(~uint256(0) >> 20); // Litecoin: starting difficulty is 1 / 2^12

59 int64 nTransactionFee = 0;
60 int64 nMinimumInputValue = CENT / 100;

Block Reward
831 int64 nSubsidy = 50 * COIN;

pixel

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Quote from: Remember remember the 5th of November on April 13, 2013, 06:14:51 PM

Quote from: pixel on April 13, 2013, 06:11:37 PM

Thanks for the interest everyone, it will keep me from giving up Cheesy

.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?

Sounds genius, something which we have not seen before Grin

I detect your sarcasm... i think lol

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: pixel on April 13, 2013, 06:11:37 PM

Thanks for the interest everyone, it will keep me from giving up Cheesy

.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?

Sounds genius, something which we have not seen before Grin

pixel

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x1 7970 | Aprox. 587 kh/s

Thanks for the interest everyone, it will keep me from giving up Cheesy

.

Ive decided on a 50 coin reward for each solved block and that will half every 4-5 years. As for the total amount of coins i think i'll go with 25 million coins. Does this sound good?

Edit: forgot to mention a re-target of 3-4 days

Brunic

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This topic is a breath of fresh air. With all the bubble mania, DDoS, the insults and fight everywhere, this is really awesome to see. If a complete noob can make a new coin, it proves easily how the concept of crypto-currencies is brilliant!

jhd

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Interested topic!!

pixel

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Quote from: Blindfolded on April 13, 2013, 05:45:22 PM

Quote from: wmikrut on April 13, 2013, 05:41:28 PM

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.

+1

Ive been looking around the bitcoin wiki for this info but I have not found any good explanation

Blindfolded

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Quote from: wmikrut on April 13, 2013, 05:41:28 PM

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.

+1

wmikrut

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Activity: 631

Merit: 501

It's important to know what those parameters are and how to set them.
What if something goes wrong -- and you want to modify the re-targeting.

It's good to have an understanding of where these parameters live.

pixel

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x1 7970 | Aprox. 587 kh/s

I still need some instruction on how to start doing this :/

pixel

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x1 7970 | Aprox. 587 kh/s

Quote from: wmikrut on April 13, 2013, 05:25:40 PM

Well, some calculations are needed.
For example... finding a block every 2 minutes - how many would you find after 5 years of mining?

I could just stick with the litecoin defualt Cheesy

pixel

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I meant 50 million total coins

The reward will be 25 and that will half every 5 years

wmikrut

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Well, some calculations are needed.
For example... finding a block every 2 minutes - how many would you find after 5 years of mining?

pixel

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Quote from: WeTradeCoins on April 13, 2013, 05:21:01 PM

God i wish i had your free time Tongue

Yay for being in high school Cheesy

pixel

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Quote from: Blindfolded on April 13, 2013, 05:19:51 PM

Quote from: pixel on April 13, 2013, 05:18:03 PM

Quote from: Blindfolded on April 13, 2013, 05:12:13 PM

Quote from: pixel on April 13, 2013, 05:09:51 PM

Quote from: wmikrut on April 13, 2013, 05:08:07 PM

Quote from: pixel on April 13, 2013, 04:54:25 PM

Quote from: Blindfolded on April 13, 2013, 04:48:33 PM

Quote from: pixel on April 13, 2013, 04:46:29 PM

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.

What about Difficulty re-target and block rate?

What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.

Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.

Lets re-target every 3-4 days
And find a block every 5 minutes

Above posted was edited, quote not up to date

sounds fun!

How many coins total? and when should the reward be halved?

How about 50 million coins
and it can half every 5 years

are you sure that adds up?

Whats wrong with it?

WeTradeCoins

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God i wish i had your free time Tongue

Blindfolded

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Quote from: pixel on April 13, 2013, 05:18:03 PM

Quote from: Blindfolded on April 13, 2013, 05:12:13 PM

Quote from: pixel on April 13, 2013, 05:09:51 PM

Quote from: wmikrut on April 13, 2013, 05:08:07 PM

Quote from: pixel on April 13, 2013, 04:54:25 PM

Quote from: Blindfolded on April 13, 2013, 04:48:33 PM

Quote from: pixel on April 13, 2013, 04:46:29 PM

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.

What about Difficulty re-target and block rate?

What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.

Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.

Lets re-target every 3-4 days
And find a block every 5 minutes

sounds fun!

How many coins total? and when should the reward be halved?

How about 50 million coins
and it can half every 5 years

are you sure that adds up?

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: Blindfolded on April 13, 2013, 05:12:13 PM

Quote from: pixel on April 13, 2013, 05:09:51 PM

Quote from: wmikrut on April 13, 2013, 05:08:07 PM

Quote from: pixel on April 13, 2013, 04:54:25 PM

Quote from: Blindfolded on April 13, 2013, 04:48:33 PM

Quote from: pixel on April 13, 2013, 04:46:29 PM

Lets go with scrypt sence its easier on CPUs than sha-256

IMO it is a better choice.

What about Difficulty re-target and block rate?

What do you think? Im at a loss here Tongue

Really it's your choice.

Litecoin re-targets every 2-3 days.
Mincoin re-targets 2 times a day.

Plus how often do you want to find a block?
Every minute... every 10 minutes?

This will directly effect how long it takes to confirm transactions.

Lets re-target every 3-4 days
And find a block every ~~5 minutes~~ 2 minutes

sounds fun!

How many coins total? and when should the reward be halved?

How about 50 million coins
and it can half every 5 years

and Im actually gonna change to a block every 2 minutes

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