Topic: [XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work - page 15. (Read 71629 times)

by encouraging the use of a sieve instead of a nonce, doesn't this encourage miners to generate a block header once, and then mine on this single block header - meaning that they are disincentivised to accept new transactions once they have started work on their solution.

This will surely mean that transactions will take longer to confirm, as miners are more likely to solve a block by not accepting new transactions.

The corollary of this argument is that fees will have to be higher with primecoin to justify miners aborting their work to insert a new transaction.

Will

Update:

Design paper is now published at:
http://ppcoin.org/static/primecoin-paper.pdf

Release builds completed. Release is on schedule.

Release builds will be published at the exact proposed release time:

2013 July 07 18:00 UTC

How many hours to go?

Hopefully Sunny releases the clients before updating that source code publicly 

Sunnyking seems to have excellent ideas, looking forward to tomorrow.

this will all be on

https://github.com/primecoin/primecoin

today? [I'm on the 7th here already]

exciting times....I no I will mine and get 0

thanks that will work also  please announce the coin on  altcointalk.co.uk

This isn't necessary, see my above post (now expanded). Apologies if it's a little ramble-y. Ideally you want everyone running the software, ready to go, then the genesis block (or the 'start' catalyst) is released, and away people go. Passwords and encryption seem like a long way to go when you could just run the client and have it work automagically.

please can you do a fair launch ( encrypt the whole file with 256 by encryption with a good password and give people a couple of days to download it before the coin is released   when its time to release the coin just post up the password to the file 

The genesis block hash is hardcoded into the client. You can't just make your own genesis block and have people accept it. They'd need to recompile.

The idea of releasing the client then the IP of a node with the valid genesis block should work just as well; that way everyone has the hash already and you just release the block, as such. Once one person has it in the entire altcoin network it will flood through and people will start mining.

One idea to help launch might be to have a network rule that block 1 has to have an output from the only tx in block 0 (the genesis block). Bitcoin can't do this because the coinbase tx of the genesis block can't be spent because of something weird in the way bitcoin-qt/d stores and processes transactions (I think..), but it's theoretically possible. This way, you ensure that the creator can start the mining process with a transaction, and not the genesis block. This means the genesis block can be produced early and allow everyone to get a good binary with the genesis block hash, and still provide a controlled launch.

Again, this issue only exists because the genesis block hash pretty much *must* be hardcoded. That is, after all, ultimately what identifies chains, as no two genesis blocks can be the same for completely unique chains.

Sweet. Bring on tomorrow night!

Yes Windows and Linux builds will be available at release time, with Qt support, just like ppcoin v0.3.

Sunny will there be a windows client ready at launch?

Looking forward to this one.

B506CDC2768418A0E7ECBECB88A4BEEF0712010F7D4E4984E64BEC113BEF0A5928FCCD8F8DA4720 377A7D579C87D08F7206B8097ECF90DB0E443CC0DA8A03EDB

22 hours

=> it makes some richer

This is true. I am only guessing.

There would still be an official chain. People will want to use the real one, and it's easy to recognize which is real and which is fake.

I'm not sure if that system would work nowadays. Some twat would make their own genesis block and start the chain prematurely. The genuine chain would then start causing all sorts of confusion.

Yes :me gusta:
CPU mining ftw.