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Topic: [PRE-ANN] Gapcoin: prime gap based hashing - page 2. (Read 4927 times)

legendary
Activity: 990
Merit: 1108
Suggest you update logo

I know its just a template, but there could be a logo contest.

You could use this prime-sieve program as a logo:

Code:
000100011001100101000110100
 000000101100000100100010101
 11110111          101001000
 11010000          111001101
 000000000010110111001110011
 11111011110000000011111001
 10111000
 00010110
0000110110
full member
Activity: 177
Merit: 154
Suggest you update logo

I know its just a template, but there could be a logo contest.
sr. member
Activity: 262
Merit: 250



Suggest you update logo
sr. member
Activity: 392
Merit: 250
Seems interesting, will keep a watch.
full member
Activity: 177
Merit: 154
I wouldn't pass the source code to anyone before start. You should know why.

Source code will be available before launch (excluding the PoW function).
The hashing part will only contain prototype functions.
You won't be able to do anything with it, except checking if you setup your compile environment correctly.

Anonymously, or "anonymously"?  Smiley

Anonymously as in Bitcoin "anonymously"  Wink


So does this mean the primecoin gpu miner could be ported to this coin.

Theoretically yes, but it will be much harder than just copy paste.

If I understand correctly, you need to find prime numbers to work out prime gaps?

Yes
sr. member
Activity: 406
Merit: 250
Interesting idea.  Will you be releasing a whitepaper?

Maybe, but the website covers already the most parts.


Thanks, Nice read.  You guys have done your homework.  Smiley

So does this mean the primecoin gpu miner could be ported to this coin. If I understand correctly, you need to find prime numbers to work out prime gaps?
newbie
Activity: 59
Merit: 0
From the website:

Quote
With Gapcoin, you will be able to anonymously send money...

Anonymously, or "anonymously"?  Smiley
sr. member
Activity: 392
Merit: 250
I wouldn't pass the source code to anyone before start. You should know why.
legendary
Activity: 1428
Merit: 1001
getmonero.org
Interesting  Smiley Keeping an eye on it.
full member
Activity: 177
Merit: 154
Interesting idea.  Will you be releasing a whitepaper?

Maybe, but the website covers already the most parts.
sr. member
Activity: 406
Merit: 250
Interesting idea.  Will you be releasing a whitepaper?
member
Activity: 90
Merit: 10
Ok this will be my first coin ever to mine right as it lunches! I can't wait!
full member
Activity: 177
Merit: 154
CPU only, right?

Yes

Such block reward scheme will probably lead to dumping I'm afraid :/

In the beginning maybe, but once the difficulty has stabilized, the block reward won't change much.
Due to the logarithmic difficulty increase, the block reward will only have significant increase at the start.
This will effectively avoid instamine!

legendary
Activity: 1400
Merit: 1000
Seems interesting.
sr. member
Activity: 826
Merit: 263
Any estimation for release?
hero member
Activity: 770
Merit: 504
(っ◔◡◔)っ🍪
CPU only, right?
Such block reward scheme will probably lead to dumping I'm afraid :/
full member
Activity: 177
Merit: 154
GAPCOIN

The largest, decentralized prime gap search





Website: gapcoin.org
Twitter: Gapcoin

Specifications:

  • PoW: custom, prime gaps
  • Block target time 2.5 minutes
  • Block reward proportional to the current difficulty
  • Block reward halving every 420000 (about 2 years)
  • Cap: about 10 - 30 million GAP
  • Difficulty adjusts every block and increases logarithmic (it will probably take years to get to 50)

Fair launch:

  • Gapcoin was not designed to enrich the early adopters or the coin creators! The more people mine Gapcoin, the more coins per block will be produced. (Coin supply will increase logarithmic with the difficulty, this means it will grow in the beginning, but later, it won't change much.)
  • There won't be any premine!
  • To avoid instamine, the reward of the first 1152 blocks (about 48 hours) will increase quadratically to its absolute value: the current difficulty. Block reward will be 1/1152^2 * blockheight^2 * difficulty for the first 1152 blocks. This should guarantee that the difficulty is stable until the blocks yield a worthwhile amount of coins.
  • Source code will be available before launch (excluding the PoW function), so everyone can setup their own environment, compile the software, and check if everything works.
  • Windows and Linux binaries will be distributed in an encrypted container before launch, the password will be revealed at launch.

Launch date: Tue Oct 21 2014 - 18:00 UTC

Edit: Website now contains a mailing list.
Edit: Reward scheme changed: Block reward halving every 420000 (about 2 years) with about 10 - 30 million GAP.
Edit: We have an new and unique logo.
Edit: Launch date released


Launch thread: https://bitcointalksearch.org/topic/anngap-gapcoin-prime-gap-search-new-math-algo-cpu-gpu-zero-premine-822498
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