How do you create an altcoin? - page 15.

Blindfolded

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Activity: 156

Merit: 100

Quote from: pixel on April 13, 2013, 04:09:51 PM

Quote from: wmikrut on April 13, 2013, 04:08:07 PM

Quote from: pixel on April 13, 2013, 03:54:25 PM

Quote from: Blindfolded on April 13, 2013, 03:48:33 PM

Quote from: pixel on April 13, 2013, 03:46:29 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?

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: wmikrut on April 13, 2013, 04:08:07 PM

Quote from: pixel on April 13, 2013, 03:54:25 PM

Quote from: Blindfolded on April 13, 2013, 03:48:33 PM

Quote from: pixel on April 13, 2013, 03:46:29 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

wmikrut

hero member

Activity: 631

Merit: 501

Quote from: pixel on April 13, 2013, 03:54:25 PM

Quote from: Blindfolded on April 13, 2013, 03:48:33 PM

Quote from: pixel on April 13, 2013, 03:46:29 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.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Ive cloned the litecoin source, and its downloaded on my computer. Now what? XD

Blindfolded

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Activity: 156

Merit: 100

Quote from: pixel on April 13, 2013, 03:46:29 PM

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

I guess you will need to get the litecoin source and start editing. I won't be much help with that tho. Sad

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: Blindfolded on April 13, 2013, 03:48:33 PM

Quote from: pixel on April 13, 2013, 03:46:29 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

Blindfolded

full member

Activity: 156

Merit: 100

Quote from: pixel on April 13, 2013, 03:46:29 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?

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

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

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

If there are not any mining clients out there that support things besides SHA-256 or Scrypt then either of those could be fine, I don't want to have to go about making a new mining application or somthing.

Blindfolded

full member

Activity: 156

Merit: 100

Quote from: wmikrut on April 13, 2013, 03:34:19 PM

Using something other than SHA256/Scrypt will require you create a mining program compatible with your selected algo.

At the same time creating another alt-coin with it is pointless and dangerous to the vitality of the coin.

...But for just a closed hobby project it would be no issue really.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: wmikrut on April 13, 2013, 03:34:19 PM

Using something other than SHA256/Scrypt will require you create a mining program compatible with your selected algo.

Is there a list of others somewhere?

wmikrut

hero member

Activity: 631

Merit: 501

Using something other than SHA256/Scrypt will require you to create a mining program compatible with your selected algo.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: Blindfolded on April 13, 2013, 03:31:18 PM

Quote from: pixel on April 13, 2013, 03:29:30 PM

Quote from: c4n10 on April 13, 2013, 03:16:00 PM

Quote from: pixel on April 13, 2013, 03:07:37 PM

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick on GPUs. So i'm assuming that a good algorithm would be SHA-256. But if there is an algorithm out there that is easier on GPUs then that would be great to. edited!

I would recommend something other than SHA256 there are lots of current examples of why.

Actually just edited that post sense I got a better idea of what I want, so yah I was assuming this Cheesy

Blindfolded

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Activity: 156

Merit: 100

Quote from: pixel on April 13, 2013, 03:29:30 PM

Quote from: c4n10 on April 13, 2013, 03:16:00 PM

Quote from: pixel on April 13, 2013, 03:07:37 PM

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick on GPUs. So i'm assuming that a good algorithm would be SHA-256. But if there is an algorithm out there that is easier on GPUs then that would be great to.

I would recommend something other than SHA256 there are lots of current examples of why.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: c4n10 on April 13, 2013, 03:16:00 PM

Quote from: pixel on April 13, 2013, 03:07:37 PM

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

I'm really aiming for something that makes mining easy and quick for everyone (I shouldn't have to go out and build a $1000 mining PC initially).

Blindfolded

full member

Activity: 156

Merit: 100

Quote from: pixel on April 13, 2013, 03:07:37 PM

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

I'll help you mine weekend-coin! Grin

wmikrut

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Activity: 631

Merit: 501

Interesting! Watching this topic Grin

c4n10

sr. member

Activity: 294

Merit: 250

Quote from: pixel on April 13, 2013, 03:07:37 PM

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Really the only requirement necessary to make an "alt-coin" is to edit the hash of the genesis block recognized by the client.

In order to answer this question appropriately we need to know what "features" (i.e. re-target time, base difficulty, hashing algo, etc..) you desire the coin to have so we can tell you what would need to be edited.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

I'm bored, its the weekend. I was thinking of creating an altcoin for fun, I won't release it, it would just be cool to get it running and see how fast mining is. Hopefully its not to hard :3 If it is I have a VPS with nothing on it I could use for some sort of litecoin web script.

Thanks Cheesy

Topic: How do you create an altcoin? - page 15. (Read 21870 times)