[PRE-ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 14.

bitfreak!

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electronic [r]evolution

Quote from: saamxx on July 21, 2014, 08:52:24 AM

lol https://bitcointalksearch.org/topic/annxcn-cryptonite-elegant-anonymous-payments-based-on-cryptonote-700039
Who will be the faster?

Yeah I recently saw that. God damn newb with 1 post cloning bytecoin. Even using the same currency code as us, even though we've been publicly testing for many weeks now and we claimed the name and currency code way before that guy.

catia

full member

Activity: 288

Merit: 105

Quote from: xibeijan on July 21, 2014, 08:52:34 AM

Will it have GUI?

Not only does it have GUI, but you can try it today on the testing thread https://bitcointalksearch.org/topic/test-release-cryptonite-binary-for-linux-new-qt-and-windows-builds-643758

Equate

hero member

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mini blockchain sounds good , looking forward to this thread.

xibeijan

legendary

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Will it have GUI?

saamxx

hero member

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lol https://bitcointalksearch.org/topic/annxcn-cryptonite-elegant-anonymous-payments-based-on-cryptonote-700039
Who will be the faster?

Amph

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Merit: 1070

Quote from: bitfreak! on July 21, 2014, 08:50:13 AM

Quote from: Amph on July 21, 2014, 08:44:51 AM

m7 pow? more info about this

Taken from the wiki:

Quote

The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

oh it's like an x7

btc-facebook

legendary

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Beautiful ！

DLow

hero member

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Merit: 500

Quote from: bitfreak! on July 21, 2014, 08:50:13 AM

Quote from: Amph on July 21, 2014, 08:44:51 AM

m7 pow? more info about this

Taken from the wiki:

Quote

The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

Miner available at launch?

bitfreak!

legendary

Activity: 1536

Merit: 1000

electronic [r]evolution

Quote from: Amph on July 21, 2014, 08:44:51 AM

m7 pow? more info about this

Taken from the wiki:

Quote

The M7 PoW algorithm, otherwise known as the "magnificent 7" PoW algorithm, is a proof-of-work algorithm designed for the mining process in Cryptonite. The M7 PoW is not a memory hard algorithm, it's more like the algorithm used by Quark and similar alt-coins. Seven different hashing functions are used to generate the final hash which is tested against the target. The only difference is that Cryptonite doesn't use any obscure hashing functions that no one has ever heard of before. We wanted quality over quantity so we only used cryptographically secure hashing functions which are well tested. In order to avoid bias accumulation we multiply the 7 hashes together and then pass that number through the SHA-256 function one last time. The multiplication step is also harder for GPU's and ASIC's but works very efficiently on a CPU.

The magnificent 7:

- SHA-256
- SHA-512
- Keccak
- RIPEMD
- HAVAL
- Tiger
- Whirlpool

xibeijan

legendary

Activity: 1232

Merit: 1001

Nice! Thanks for eliminating transaction malleability.

Amph

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m7 pow? more info about this

bitfreak!

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Merit: 1000

electronic [r]evolution

Quote from: trankil on July 21, 2014, 08:31:34 AM

i will watch, the OP is hero member so some interest

Lol I never thought having a hero status would pay off. But yeah I've been around since the early days and we have no intention of making any type of crappy clone or scam coin. There will be no pre-mine, no IPO's, and every effort to prevent an instamine. Even though a fairly large sum of money was spent on development of this coin we still want it to be as fair as possible and we don't want to damage our credibility, so we're just going to mine it with the same rules as everyone else.

DrSnAzZy

member

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VootCoin PR/IRC Admin

Watching. Nice to see a real member use their account!

trankil

hero member

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i will watch, the OP is hero member so some interest

SecondsOld

sr. member

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Like the name.

bitfreak!

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WWW.CRYPTONITE.INFO

THIS THREAD IS THE OLD PRE-ANNOUNCEMENT. PLEASE SEE ACTUAL ANNOUNCEMENT THREAD:

[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine

Topic: [PRE-ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 14. (Read 24108 times)