This is a formal announce of yacoin: yet another coin based on novacoin
sources. Hash algo is changed from scrypt(1024, 1, 1) to scrypt(N, 1, 1). Parameter N increases over time making HW or GPU implementation more and more impractical (but yet possible).
Using scrypt(N, 1, 1) means that only solo cpu mining will work until someone will fork mining pool software or implement GPU miner. All existing miners aren't compatible.
The core idea is that we have to use and to try different hash algos to make cryptofinances more secure and stable.
Note:
Incrementing
N will lead to immediate hashing speed decrease. Difficulty will
reflect these speed changes (i.e. difficulty will decrease after N++)
with lags. As soon as block reward depends on difficulty the reward will
increase also and more miners will be motivated to join after N++.
It's not easy to predict now but we can be sure that some waves will
happen on each N++ event.
Release and all details (ports, links to sources and binaries etc) will be available here in 24 hours.
No premine is planned: the blockchain I use now for testing will be deleted before release.
Technical details:
Sources: https://github.com/pocopoco/yacoin
Block each 60 seconds.
Block reward: 100 coins and depends on difficulty.
Hash: scrypt(N, 1, 1) + chacha instaed of salsa and keccak512 instead of sha256 (scrypt-jane implementation).
N depends on block.nTime and increases. Starting value is 32 (4 Kbs).
Port: 7688
We are starting 1.5 days later. Testing blockchain is thrown away and nothing is premined just now. This is right time to join.
Windows build: https://mega.co.nz/#!UowEmZYS!AAK7DVwYoTqy96oTRzUaLCS0UMsAfosJiRQmBn1jzcA
Linux:
please, build it yourself. This fast and much more secure than prebuild
bineries. Build guide is completely the same as for Novacoin and other
coins. New library (scrypt-jane) is embedded into source tree (you don't
need to install it).
In order to start mining run your daemon (in linux) or your wallet with following parameters:
-gen (to turn on mining)
-genproclimit=1 (to limit number of cores used)
-addnode=82.211.30.212 (this is one of my VPS that will help us to connect nodes in small network for first several weeks)
Finally command lines looks like:
Windows: yacoin-qt -gen -genproclimit=1 -addnode=82.211.30.212
Linux: yacoin-qt -gen -genproclimit=1 -addnode=82.211.30.212
Yacoin pool
p2pool
http://mining.bitvolcano.com:8336
http://pool.bitcn.org:8336
code: minerd -a scrypt-jane -o http://pool.bitcn.org:8336 -u YOUR_YACOIN_ADDRESS
Exchange:
http://bter.com
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