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Topic: [PRE-ANN][BDC]The birth of BLACK DRAGON COIN: unique scrypt-jane fantasy coin - page 6. (Read 31800 times)

legendary
Activity: 1246
Merit: 1000
SCRYPT_CHACHA SCRYPT_KECCAK512 ?
or maybe salsa6420/8 ?
hero member
Activity: 1036
Merit: 606
Just a question to prepare for the ninja launch:

what miners does this coin use?
You should be able to use any of the Scrypt-Jane miners listed below. Be prepared to reconfigure your settings for it to work with your card though:

Quote

Thanks for the reply, if I am able to get microcoin mining smooth I would be well prepared?

Yes, that should work. The dev would need to release the nFactor parameters specific to the coin though. The OP says he will post a guide before the launch.
hero member
Activity: 714
Merit: 500
@kryptographer
Just a question to prepare for the ninja launch:

what miners does this coin use?
You should be able to use any of the Scrypt-Jane miners listed below. Be prepared to reconfigure your settings for it to work with your card though:

Quote

Thanks for the reply, if I am able to get microcoin mining smooth I would be well prepared?
hero member
Activity: 1036
Merit: 606
Just a question to prepare for the ninja launch:

what miners does this coin use?
You should be able to use any of the Scrypt-Jane miners listed below. Be prepared to reconfigure your settings for it to work with your card though:

Quote
hero member
Activity: 714
Merit: 500
@kryptographer
Just a question to prepare for the ninja launch:

what miners does this coin use?
full member
Activity: 182
Merit: 100
If you can, choose a "better" algo : keccak, groestl, qubit etc..
multi-pool doesn't use those, and they are more power efficient than scrypt (normal, N, jane)

If you really preffer scrypt, choose scrypt-N instead of scrypt-jane
full member
Activity: 224
Merit: 100
Very interesting concept. Its great to see that someone gave some thought into coin. Good work!

I would love to help you out with web development, forum setup or raising a p2pool node for launch. If you are interested of course Wink My wife would kill me if I don't get involved with fantasy coin, especially with this kind of potential.
hero member
Activity: 742
Merit: 500
Freenode chat (#blackdragoncoin) opened, I'd love to chat and discuss your ideas there.

Multiple domain names, twitter, facebook accounts registered a long time ago. We're working on site and forum right now.

The 1st epic wallpaper is finished. I'm sure you'll LOVE that beautiful art, I'm using it as a wallpaper right now Smiley (we have most popular 4:3, 16:10 and 16:9 resoultions available: 1024x768, 1280x1024, 1600x1200, 1440x900,  1920x1200, 2560x1600, 1920x1080, 2560x1440)

I calculated the approximate number of coins for the first year and for the next years of mining:

First year   ~ 14,571,761 bdc
next years ~ 3,258,720 bdc a year

Code:
1-50k blocks: 5,000,000 base reward (50,000 x 100) + ~428,687(47,500 x 9.5(average 1d19 bonus) - 5%= 475,000) + 250,000(2,500 (~5% of 50,000 will be "critical hit" with double rewards) x 100 = 250,000)=7,678,687

50k-100k blocks: 2,500,000 base reward (50,000 x 50) + 361,000(47,500 x 8(average 1d16 bonus) - 5%= 380,000) + 125,000(2,500 (~5% of 50,000 will be "critical hit" with double rewards) x 50 = 125,000)=2,986,000

100k-150k blocks: 1,500,000 base reward (50,000 x 30) + 180,500(47,500 x 4(average 1d8 bonus) - 5%= 190,000) + 75,000(2,500 (~5% of 50,000 will be "critical hit" with double rewards) x 30 = 75,000)=1,755,500

150k-200k blocks: 1,000,000 base reward (50,000 x 20) + 135,375(47,500 x 3(average 1d6 bonus) - 5%= 190,000) + 50,000(2,500 (~5% of 50,000 will be "critical hit" with double rewards) x 20 = 50,000)=1,185,375

200k+ blocks (50k blocks volume): 500,000 base reward (50,000 x 10) + 90,250(47,500 x 2(average 1d4 bonus) - 5%= 190,000) + 20,000(2,500 (~5% of 50,000 will be "critical hit" with double rewards) x 10 = 20,000)=610,250

1 year volume ~= (14,215,815 (250k blocks, ~350 days) +  140,600 (16 days of mining)~= 14,356,415 + 215,346 (1.5% premine of the 1st year volume)= 14,571,761 BDC

next years volume = 2,628,000(262,800 blocks a year, 720x 365 with 10 base reward) + 499,320 (262,800 x 2(average 1d4 bonus) - 5%= 499,320) + 131,400(13,140 (~5% of 262,800 will be "critical hit" with double rewards) x 10 = 131,400)=3,258,720 coins

1440 mins a day, 7220 blocks = 10 days, 50k blocks (block halving interval) = ~69,4
hero member
Activity: 742
Merit: 500
Ninja-Launch also known as "how to effectively premine your coin without anyone getting pissy".
At least a pre-announcement everyone starts at the same time. How is that not fair?

It's not fair because the little guy has to compete against the big guy? The big guy has invested more money into mining equipment, they are equally matched in how much capital they have invested.

You are thinking its more fair if the little guy sees the ninja launch and starts mining before the big guy. Well what happens if the big guy sees the ninja launch before the little guy?

Not only does he have more mining power, but the net difficulty is lower and he receives even MORE coin than the little guy.

Wow super fair.

It's a good question. I'll try to explain why IMO ninja launch is better. I don't need to premine my coin more because the fixed premine is pretty big: I know that I will have to pay artist every week and will have to pay a money prizes for the art contest. And more important, I will work on the cd game online shop and crowd funding service a bit later.

I thought a lot of time about "fair launch concept". I have few statements, I hope they will explain my position:
1. Every launch must include solomining part. It's a short period when early miners have chances to solve blocks in solomining mode. I will do my best to avoid instamining (I'll do a couple of tests to adjust early diff retarget and probably will expand low rewards up to block 200-300).
2. Everybody will have the same chances with my ninja launch: I will make a launch thread and post passwords 10 minutes after, I will start the thread when most users are online (CET evening time. Maybe you have other ideas about good time?)
3. Scheduled launches often have a lot of problems (forum is down, download links doesn't work, launch is delayed, difficulty grows too fast and solomining becomes almost worthless, pools are ddosed) and many people who waited for a long time for that launch are disappointed.

I will do my best to organize as much transparent and smooth launch as possible. Same as with this thread: I made this informative announce post only when I had everything ready (concept, ideas, design, text etc.)

I respect big miners, but it's nothing but business for them. They are the big part of crypto world, but there's not a lot of them with huge gpu farms (at least there will be times more scrypt asics farms soon!). Black Dragon coin will be asic resistant, GPU only coin. Gpu miners are the blood of altcoins, gpu miners are the core of altcoin community, they have time and they wish to improve the coin they support. I need a community of people who share my love to fantasy culture!

I don't know about ninja launch, but low reward on first 100 blocks is a good idea. - 100 block is too low i think.

The concept of rewarding is funny, and i like it. I will mine.

Yes, I think that increasing low rewards period to smth like 200-300 blocks. Our team will do some testing soon.
full member
Activity: 182
Merit: 100
I don't know about ninja launch, but low reward on first 100 blocks is a good idea. - 100 block is too low i think.

The concept of rewarding is funny, and i like it. I will mine.
sr. member
Activity: 350
Merit: 250
Vires in Numeris
Ninja-Launch also known as "how to effectively premine your coin without anyone getting pissy".
At least a pre-announcement everyone starts at the same time. How is that not fair?

It's not fair because the little guy has to compete against the big guy? The big guy has invested more money into mining equipment, they are equally matched in how much capital they have invested.

You are thinking its more fair if the little guy sees the ninja launch and starts mining before the big guy. Well what happens if the big guy sees the ninja launch before the little guy?

Not only does he have more mining power, but the net difficulty is lower and he receives even MORE coin than the little guy.

Wow super fair.
hero member
Activity: 742
Merit: 500
Will you release the code on github during the launch ?

Yes, of course I will!

I will answer some wuestions and update the opening post with additional detailed info tomorrow Smiley
full member
Activity: 198
Merit: 100
Will you release the code on github during the launch ?
hero member
Activity: 742
Merit: 500
We will try to start with high NFactor = 10 (or maybe a bit lower), so the gpus will have almost the same scrypt-jane hashrate as on scrypt coins (slightly above on 7970/280x).

1. Guys with big farms rape this coin at start, may be need highter N-factor and make more CPU-frendly coin at start?
2. Where start date?

Hix, did you read the first post? I think about fair start for more than a month and made a concept scheme I'm gonna release and there is some details.

Can you please explain how big farms will rape it? I posted a strategy that IMO will at least provide a little protection from big farms. And if you are worried about big farms, maybe you have a good advice?

Scrypt-jane can be gpu-friendly OR cpu-friendly (at really high n-factor). CPU coin = coin for botnets (you can check cpu-only heavy coin that is being raped by cpu botnets. They mine all coins and dump them. I was mining that coin at the very start of pool mining and one day hashrate just increased from 1.5 gH to 15-20 gh, from 30-50 diff to 600). That's why I'm doing a gpu-only coin that will be protected from scrypt-asics as well.
Hix
legendary
Activity: 1971
Merit: 1036
We will try to start with high NFactor = 10 (or maybe a bit lower), so the gpus will have almost the same scrypt-jane hashrate as on scrypt coins (slightly above on 7970/280x).

1. Guys with big farms rape this coin at start, may be need highter N-factor and make more CPU-frendly coin at start?
2. Where start date?
full member
Activity: 126
Merit: 100
To be honest. It's the only coin I'm really thinking about and waiting for since yesterday. This and I'm also waiting for CryptoMeth sometimes.
sr. member
Activity: 448
Merit: 250
Can't wait for the launch :p
full member
Activity: 182
Merit: 100
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
legendary
Activity: 1418
Merit: 1002

Also what is the total minting for this coin??

DBC will have unlimited mining as dogecoin. I will calculate approximate annual coin volume soon.

Really think you should put a cap ... with a maybe 1-2% yearly inflation once it's hit.

All these coins with billions & billions arent doing so hot...
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