Topic: SmallChange [research-only] [Litecoin based] [15 seconds blocks] [*update now*] - page 6. (Read 26623 times)

Are there any 'alive' smallchange pools up and running? Would be fun to try.

"The coin that can make a small change!"

GeistGeld was very fast, wasn't it?

I created the first "Welcome" topic 

Could somebody recall the fast-blocks (15 seconds or so) coins that have existed in the past, and if they still exists or why they were not successful?

I have set up a smallchange forum.

Website will come later.

http://forum.smallchange.tk

he didnt say it was a record, just that it is faster than mincoin (which is garbage anyways)

difficulty is currently 0.0726 so very easy to mine

Nope funnily enough there has been some mining manipulation of the lower difficulty and abandonment when difficulty gets high, but it still chugging along with min 6MH on the network, not bad for an experiment really

Is it dead already?

First of all, I want to thank the eight people who tried out this pool. I've learnt a lot from it and have some comments which I will pass on to the community in a following post. I'm sorry the pool failed to reward you with the coins which it should have done.

SmallChange is a research coin and my pool was experimental but I still feel guilty about the rewards. I do not intend to take the code of the pool web site any further so I am not inclined to spend a huge amount of effort in working out how many research coins I owe you. So I am taking a simple approach which will err on the side of generosity.

There were a total of 46,565 shares generated (the vast majority by myself). Some of these contributed to a block being produced for the pool, the majority didnt. The pool earned 552 coins. Thats 0.01185440 coins per share. Quadruple it, that's 0.04741760 coins per share.

For those accounts which have a payout address configured, I will transfer this amount to the address. For those accounts which dont, I have put the website back up and if you want them, register a payout address within the next week and I will transfer the coins.

I am ignoring all previous payouts.

Once again, thank you for trying the pool out.

Ota

I've taken it offline. It's not calculating rewards properly. I'm working on it.

I'd like to comment on the experiment part and the purpose of SmallChange: The coin is research only, I explicitly (from the start) expressed that and included some red text in the first post of this thread. It's going to stay 'research only' unless someone announces it as a real currency (and then its up to the people using it or not). In case I am the one to announce*), there is going to be a fresh start; I certainly will not do this in the next couple of months (years?) because I am very new 'to the scene' and still like to play around + 'get a feeling' for this first. I want to add novelty and solve *real* problems instead of just pseudo-managing another rebranded altcoin.
I plan to update the codebase a few times a month and welcome any helpful/useful contribution (which will be duly credited of course; ah yes, and it must survive my(/the community's?) criticism).
Other than that: I wanted to devalue some of the "weaker" coin spinoffs by showing that really any (idiot? ) can release a cryptocurrency nowadays. Also a few people expressed that the coin has been/is helpful to let them setup/try out services (e.g., mining pools) and get started with the inner details of cryptocurrencies.
So from my part: please expect something slow boiling, maybe useful but probably not. If you have extra resources or have fun experimenting with an alive block chain where you might end up credited as a hashing power contributor or even author: please join - otherwise wait until this is over or becomes something good.

btw: the hash rate is currently ridiculously high. Please mine LTCs or something else .. a few KHashes/s are currently (where we are still very close to the original Litecoin code base) really enough...


*) what others do with the codebase or blockchain is already out of my hands -- never has been in my hands

Can someone please send me some of these little delights. No block luck here   SC-  S2eDr8NnwYDBct8iFh7wnu7f55ArbY9TF5

Edit: Thankyou to the kind sir for the couple of coins

Why SMC has not add to this https://bitcointalksearch.org/topic/list-of-all-cryptocoins-134179

-rescan is actually quite useless.  -reindex is a lot better. rescan just looks through everything again for transactions.  -reindex redownloads the blockchain.

He actually means:

https://github.com/bfroemel/smallchange.git

clone git git://github.com/bfroemel/smallchange.git

Then learn from here http://forum.litecoin.net/index.php?topic=43.0