Project Nemesis - Alt-coin project - page 5.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: G K G on January 31, 2014, 07:12:41 AM

Population:

India- 1.25Billion
Srilanka- 21million
Nepal-27.5million
Pakistan-180million
Indonesia-247million
Mauritius-1.3million
Seychelles-90000

OK Undecided

Thats not much. only less than 2 billion

1250000000
2100000
2750000
18000000
24700000
1300000
90000

1298940000 total Pop
259788000 Total Coins - Pop/5
- Why 5? Average Indian family size.

Taking india as it is a large part of the demographic.

G K G

sr. member

Activity: 280

Merit: 250

Ok. Now! i might be deviating from the initial idea... what about a coin exclusive for BRIC - the name is cool

G K G

sr. member

Activity: 280

Merit: 250

Population:

India- 1.25Billion
Srilanka- 21million
Nepal-27.5million
Pakistan-180million
Indonesia-247million
Mauritius-1.3million
Seychelles-90000

OK Undecided

Thats not much. only less than 2 billion

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

wow this thread is exploding i can even keep up with the replies .

I think we should move to the group chat at IRC

https://webchat.freenode.net/

Channel - #taproom

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Suggestions so far are:

Momentum algo
No limit with incremental growth.

- Number of coins per block awarded
- How often are blocks found?
- Frequency of difficulty retargets
- Number of blocks per day

G K G

sr. member

Activity: 280

Merit: 250

Quote from: subvolatil on January 31, 2014, 06:59:06 AM

Quote from: Benson Samuel on January 31, 2014, 06:57:30 AM

Quote from: G K G on January 31, 2014, 06:50:34 AM

We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.

Ya right. Botnets can be used for scrypt too. but the momentum algo has a amd-opencl miner now- so idon't think people 'll take the efforts for botnets.
But yes cloud mining wiill have its share.
In the early PTS time i alone used like 50 cloud servers

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: G K G on January 31, 2014, 07:00:14 AM

Quote from: troy112 on January 31, 2014, 06:56:13 AM

No, 20 billion is too high... more like 1 billion to represent population of india...

Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious

Cap needs to be removed but the amount of coins generated after a certain limit should be at about 1% of the first rewards block

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: G K G on January 31, 2014, 07:00:14 AM

Quote from: troy112 on January 31, 2014, 06:56:13 AM

No, 20 billion is too high... more like 1 billion to represent population of india...

Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious

There, we just got scale. Wonder what is the combined population of all 7 nations.

G K G

sr. member

Activity: 280

Merit: 250

Quote from: troy112 on January 31, 2014, 06:56:13 AM

No, 20 billion is too high... more like 1 billion to represent population of india...

Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: subvolatil on January 31, 2014, 06:59:06 AM

Quote from: Benson Samuel on January 31, 2014, 06:57:30 AM

Quote from: G K G on January 31, 2014, 06:50:34 AM

We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.

Then we can use scrypt itself

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: Benson Samuel on January 31, 2014, 06:57:30 AM

Quote from: G K G on January 31, 2014, 06:50:34 AM

We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: G K G on January 31, 2014, 06:50:34 AM

We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

troy112

sr. member

Activity: 448

Merit: 250

No, 20 billion is too high... more like 1 billion to represent population of india...

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Can use the hashing that quark uses or come up with our owne.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: Benson Samuel on January 31, 2014, 06:48:31 AM

Quote from: G K G on January 31, 2014, 06:45:10 AM

OK! its exciting we started this thread. Here is my idea for the coin:

Code:


Block No		Reward		supply			Total supply

0-400,000		20000		8,000,000,000		8,000,000,000
400,001-800,000		10000		4,000,000,000		12,000,000,000		
800,001-1,200,000	5000		2,000,000,000		14,000,000,000
1,200,001-1,600,000	2500		1,000,000,000		15,000,000,000
1,600,001-2,000,000	1250		  500,000,000		15,500,000,000
2,000,001 and above	500		4,500,000,000		20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs) 
Money supply max out in approx 10.5 years

Which current alt-coin comes closest to a build like this?

Lets base it on the latest release of bitcoin, with the above specs, but remove the cap and replace it with scrypt

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: G K G on January 31, 2014, 06:51:07 AM

Quote from: Benson Samuel on January 31, 2014, 06:48:31 AM

Quote from: G K G on January 31, 2014, 06:45:10 AM

OK! its exciting we started this thread. Here is my idea for the coin:

Code:


Block No		Reward		supply			Total supply

0-400,000		20000		8,000,000,000		8,000,000,000
400,001-800,000		10000		4,000,000,000		12,000,000,000		
800,001-1,200,000	5000		2,000,000,000		14,000,000,000
1,200,001-1,600,000	2500		1,000,000,000		15,000,000,000
1,600,001-2,000,000	1250		  500,000,000		15,500,000,000
2,000,001 and above	500		4,500,000,000		20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs) 
Money supply max out in approx 10.5 years

Which current alt-coin comes closest to a build like this?

Its DOGE - only nos changed Grin

lol.. kk, we gonna have to rethink that a lot.

G K G

sr. member

Activity: 280

Merit: 250

Quote from: Benson Samuel on January 31, 2014, 06:48:31 AM

Quote from: G K G on January 31, 2014, 06:45:10 AM

OK! its exciting we started this thread. Here is my idea for the coin:

Code:


Block No		Reward		supply			Total supply

0-400,000		20000		8,000,000,000		8,000,000,000
400,001-800,000		10000		4,000,000,000		12,000,000,000		
800,001-1,200,000	5000		2,000,000,000		14,000,000,000
1,200,001-1,600,000	2500		1,000,000,000		15,000,000,000
1,600,001-2,000,000	1250		  500,000,000		15,500,000,000
2,000,001 and above	500		4,500,000,000		20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs) 
Money supply max out in approx 10.5 years

Which current alt-coin comes closest to a build like this?

Its DOGE - only nos changed Grin

G K G

sr. member

Activity: 280

Merit: 250

We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: G K G on January 31, 2014, 06:45:10 AM

OK! its exciting we started this thread. Here is my idea for the coin:

Code:


Block No		Reward		supply			Total supply

0-400,000		20000		8,000,000,000		8,000,000,000
400,001-800,000		10000		4,000,000,000		12,000,000,000		
800,001-1,200,000	5000		2,000,000,000		14,000,000,000
1,200,001-1,600,000	2500		1,000,000,000		15,000,000,000
1,600,001-2,000,000	1250		  500,000,000		15,500,000,000
2,000,001 and above	500		4,500,000,000		20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs) 
Money supply max out in approx 10.5 years

Which current alt-coin comes closest to a build like this?

techguy

sr. member

Activity: 378

Merit: 250

Reserved

Topic: Project Nemesis - Alt-coin project - page 5. (Read 12648 times)