Updated sgminer 5.0 beta Windows Binary

19 Jun
2014

sgminer-5-0-beta-windows

We have compiled a windows binary of the new sgminer 5.0 beta based on the latest (source) and you can download and try it yourself. The sgminer 5.0 beta is trying to provide an unified and feature-full GPU miner by integrating the kernels for mining various crypto currencies in a single miner. Furthermore the software tries to implement the option to use runtime-kernel-switching on the fly between crypto currencies using different algorithms. This way a single GPU mining rig can mine for different coins using different algorithms at the same time, or have these pools as failover etc. No need to use a different miner for different pools and for different coins anymore, or at least you may not have to when the software becomes a bit more stable and reliable.

– You can download and try the new sgminer 5.0 beta for GPU Mining on Windows OS here…

IrishCoin (IRL) Scrypt-based alternative cryptocoin

19 Jun
2014

irishcoin-logo

IrishCoin (IRL) is a similar to Bitcoin – a de-centralised digital currency, with a focus though predominantly for the Irish tourist sector. We are not striving to replace the Euro or create a new currency. We are instead using the same peer-to-peer crypto currency system as a vehicle to aid and promote the Irish tourism industry among the Irish diaspora in the US, Ireland, and globally. This uniquely sets IrishCoin out differently among the plethora of crypto currencies developing as alternatives to the money system you are used to.

Reserve IrishCoin of 7 percent of the currency will be distributed directly through global organizations, companies and and ventures connected to the Irish tourism industry. IrishCoin distribution will start initially with take up from online Irish social networks like Liveireland.com with over 12,000 US and Irish members eligible to download digital wallets with IrishCoin. Negotiations are already in place with numerous other global Irish networks and we will be publishing more going forward. IrishCoin will also be distributed to businesses as a discount token on purchases where IrishCoin is accepted.

Website:
– http://irishcoin.org

Block Explorer:
– http://block.irishcoin.org:2750/chain/Irishcoin

Coin Specifications

  • Scrypt Algorithm
  • Block reward: 100 IRL halving every 320000 blocks (about 18 months)
  • Total coin mined: 64 million IRL
  • 64 million coins will be mined in approx. first 7 years
  • Block Target: 120 seconds
  • Difficulty Re-Targets every 4 blocks based on last 90 blocks (Quick Difficulty Readjustment)
  • Transaction Confirmations Needed: 6
  • Premine: 4.5 Million IRL (Dedicated To Tourism Industry)

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 12372
– P2P Port: 12375

Mining Pools:
– http://irl.cryptoadhd.com/
– http://irl.mega-hash.com/

Coin Exchanges:
– Bleutrade

MonetaVerde (MCN) CryptoNight-based alternative cryptocoin

19 Jun
2014

monetaverde-logo

Deflation is a very serious problem for all cryptocoins because it prevents them from being used as payment mean. For most coins block reward decreases in time and this increases deflation rate. For PPC-derived coins (PrimeCoin etc) the problem is even worse as soon as they offer difficulty-based block reward formula that makes block reward inversly proportional to difficulty (i.e. difficulty goes up and block reward goes down). I consider both practices to be counterproductive. Moneta Verde (MCN) is the first cryptocoin with blockreward increasing together with difficulty. Why this is a good idea?

1. Money supply goes up with difficulty increase. As soon as difficulty increase usually happens due to an increased demand this will lead to money supply being dependent on demand. This way MCN will has a slower deflation rate than other coins.

2. Instamine is now useless because block reward is close to zero on low difficulty blocks. This will give us a better coins distribution.

Block reward formula is a fixed point implementation of log2(difficulty). This means that block reward increases much slower than difficulty: for 1 coin to be added to block reward a difficulty must be increased twice. This rate looks to be reasonable.

Website:
– http://monetaverde.org/

Block Explorer:
– http://chainradar.com/mcn/blocks

Coin Specifications

  • CryptoNight Algorithm
  • Block_reward = log2(difficulty) * 2^40(difficulty)
  • 60 second block times
  • Difficulty retarget every block
  • Merged mining with Monero, QuazarCoin, Bytecoin or any other CryptoNight-based coin

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
– MinerGate

Coin Exchanges:
– Bleutrade
– Yobit

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