How do you create an altcoin? - page 5.

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Quote from: Garr255 on April 16, 2013, 03:17:27 AM

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

Just wait a couple of years... if before 18 you got your stuff together allright, then as 'an adult' you can do whatever cool stuf you want.. and then some! Grin

But on the other hand, not everybody has to live my life. Cool

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Quote from: Luke-Jr on April 15, 2013, 04:31:47 PM

Quote from: Garr255 on April 15, 2013, 02:59:13 PM

Quote from: uMMcQxCWELNzkt on April 15, 2013, 01:16:57 PM

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too

To compete, you need to actually compete. Mere generators cannot compete.

That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

Horray! Iv'e been waiting for a guide! Thanks a ton!

ZephramC

sr. member

Activity: 475

Merit: 255

Amazing effort. I think that rise and/or fall of the bitcoin (and any alternative coins) will not be so much due to external influences, but due to the processes (and personal relationships, personal opinions, and personal interests) within the bitcoin community.

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: Garr255 on April 16, 2013, 03:17:27 AM

Quote from: steelhouse on April 16, 2013, 02:55:00 AM

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Hope so. Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day. So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors). But it was going to happen sooner or later.

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

Adults typically don't have time to do as many cool things! You, my friend, have an amazing leg up.

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: steelhouse on April 16, 2013, 02:55:00 AM

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Hope so. Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day. So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors). But it was going to happen sooner or later.

People can create an unlimited number of blockchains, and coins across blockchains.

But transactions on The Bitcoin Blockchain can not be unlimited, and coins on that Blockchain are not unlimited.

As you can see, coins on other blockchains are in no way equal in value to coins on The Bitcoin Blockchain. 1.0 Bytecoin is not worth 1.0 Bitcoin at all; thus, Bytecoin did not double the number of Bitcoins in existence.

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: A_Free_Man on April 16, 2013, 01:08:22 AM

Why do you all rely on the bitcoin source? Why not make your own.

Reimplementation is another great project that would teach someone a lot and probably also be of some potential value to the community.

For fun, I'd like to see an incompatible protocol blockchain with arbitrary precision values. Making the currency unit truly infinitely divisible.

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

You are the man, Garr.

Quote

That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

Wise.

Buffer Overflow

legendary

Activity: 1652

Merit: 1015

Quote from: Garr255 on April 16, 2013, 03:19:49 AM

Also, I've decided that before I post a guide, I'm going to figure out how to compile QT and for windows, and change the "bitcoin" text throughout the clients to "whatevercoin". Same with the data directory etc.

If I'm going to do this, I'll do it right

GarrCoin. Already seen it.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Also, I've decided that before I post a guide, I'm going to figure out how to compile QT and for windows, and change the "bitcoin" text throughout the clients to "whatevercoin". Same with the data directory etc.

If I'm going to do this, I'll do it right

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: steelhouse on April 16, 2013, 02:55:00 AM

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Hope so. Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day. So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors). But it was going to happen sooner or later.

Yeah I'm almost 18 now... (will be in August). When you do stuff as an adult it's just not as cool Tongue

markm

legendary

Activity: 2940

Merit: 1090

It already happened, there are several chains right now that can easily be mined with CPUs, there is no need to create a whole new coin to get the easy low difficulty that early adopters enjoyed, there are lots of chains that have are still in that early adopter stage just waiting for adopters.

-MarkM-

steelhouse

hero member

Activity: 717

Merit: 501

Quote from: Garr255 on April 16, 2013, 02:31:09 AM

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Hope so. Also wonder what is going to happen to bitcoin when people realize a 16-17 year old just figured out how to tweak the source to make a coin after only one day. So much for bitcoin limited to 21 million (considering alt coins compete with bitcoin users and vendors). But it was going to happen sooner or later.

dan99

sr. member

Activity: 406

Merit: 250

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?

Hey,

You mean to say if I want to create a coin you can help me out? I can used any coin names right?
would it be more like litecoin or bitcoin.

Kindly please let me know. Thanks

Dan : )

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

I figured it out tonight!!!!!

Mining away on my own alt chain... Cheesy

I'll be posting a guide soon. Now every(computer-literate)one can have their own bitcoin

Quote from: Luke-Jr on April 15, 2013, 04:31:47 PM

Quote from: Garr255 on April 15, 2013, 02:59:13 PM

Quote from: uMMcQxCWELNzkt on April 15, 2013, 01:16:57 PM

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too

To compete, you need to actually compete. Mere generators cannot compete.

That's my point exactly. Now just a mere tweaking of the bitcoin code will not justify an alt-coin's existence.

A_Free_Man

full member

Activity: 146

Merit: 100

Why do you all rely on the bitcoin source? Why not make your own.

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Quote from: wmikrut on April 15, 2013, 04:59:34 PM

Quote from: Geddi on April 15, 2013, 03:28:08 PM

Quote from: wmikrut on April 15, 2013, 10:06:02 AM

Quote from: Geddi on April 15, 2013, 07:51:16 AM

Quote from: Remember remember the 5th of November on April 15, 2013, 12:08:48 AM

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point.. Huh

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value. Grin

Point taken... I thought I could lend a hand to existing people -- but in doing so realize there is so much more to understand.
Anything that is used to create itself -- captures my interest in a big way.

The more one learns the more one understands there is so much more to understand. Cool

wmikrut

hero member

Activity: 631

Merit: 501

Quote from: Geddi on April 15, 2013, 03:28:08 PM

Quote from: wmikrut on April 15, 2013, 10:06:02 AM

Quote from: Geddi on April 15, 2013, 07:51:16 AM

Quote from: Remember remember the 5th of November on April 15, 2013, 12:08:48 AM

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point.. Huh

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value. Grin

Point taken... I thought I could lend a hand to existing people -- but in doing so realize there is so much more to understand.
Anything that is used to create itself -- captures my interest in a big way.

Luke-Jr

legendary

Activity: 2576

Merit: 1186

Quote from: Garr255 on April 15, 2013, 02:59:13 PM

Quote from: uMMcQxCWELNzkt on April 15, 2013, 01:16:57 PM

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too

To compete, you need to actually compete. Mere generators cannot compete.

markm

legendary

Activity: 2940

Merit: 1090

Have you looked at multicoin?

It moves most of the things that are different between different coins all into the config file so you can use the same program to run different chains by changing the config file.

By backtracking from the config stuff you can find what things needed to be changed from one coin to another.

Also I think he had code to print into the log the data you need to plug back into the config file to make a new genesis block work.

-MarkM-

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Quote from: wmikrut on April 15, 2013, 10:06:02 AM

Quote from: Geddi on April 15, 2013, 07:51:16 AM

Quote from: Remember remember the 5th of November on April 15, 2013, 12:08:48 AM

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point.. Huh

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value. Grin

Topic: How do you create an altcoin? - page 5. (Read 21825 times)