Author Topic: MemoryCoin 2.0 - General Informations  (Read 4518 times)

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Offline Montaxx

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MemoryCoin 2.0 - General Informations
« on: December 17, 2013, 02:27:01 pm »
This is basically a Copypasta from

MemoryCoin 2.0



Launch
MemoryCoin 2.0 is now live and full block rewards apply to mined blocks.

Windows Binary (Wallet/Miner)
https://drive.google.com/file/d/0B-5Ax5kejTpMaUlWT2JXdjk0U0E/edit?usp=sharing
http://www.memorycoin.org/downloads/memorycoin.zip

Proof of Work
The Proof of Work is a modified Momentum based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better. Each hash requires 1GB of Memory to perform and encrypts 50GB of data. By contrast, the verification only requires 128K and less than one 10th of a second.

https://bitcointalk.org/index.php?topic=355532.msg3945848#msg3945848
http://en.wikipedia.org/wiki/AES_instruction_set#Supporting_CPUs

Mining
The miner included with MemoryCoin-qt will take advantage of AES-NI instruction sets.
Note - you might need to enable AES-NI in your BIOS - some manufacturers ship with it disabled.
Mining rate will be proportional to your CPU's AES encryption ability - here's a good chart -
http://uk.hardware.info/reviews/4461/29/amd-a10-6800k--a10-6700-cpu-review-richland-tested-benchmarks-igpu-truecrypt-71-aes-+-aes-ni

Voting
How does Voting Work? - https://bitsharestalk.org/index.php?topic=1445.msg15595#msg15595
The blockchain is Looking to hire - https://bitsharestalk.org/index.php?topic=1445.msg15597#msg15597

Parameters
POW Hash: Momentum (64K XOR AES-CBC x 50) with SHA512 Generation
Block target: 6 minutes
Port: 1968
Codebase: ProtoShares 0.8.6 (Bitcoin 0.8.5)
Block reward: 280 MMC, 5% reduction every 1680 blocks
Total Coins: 10 Million coins in the first 2 years, 2% inflation thereafter
Difficulty Retargeting: Every block, based on the previous 20 blocks

Premine
There is a total premine of ~7.3% distributed over a wide range of addresses, comprised of two parts,
~6.2% - MemoryCoin Beta
All balances from the original MemoryCoin as at block 8820 are transferred into the new blockchain at Block 1. MemoryCoin 2.0 has 10 million coins so there is a significant dilution. This dilution does not apply to MCF supporters. You can import your balance by using your old wallet with the new blockchain.

~1.12% - ProtoShares Holders
ProtoShares owners as at Block 32000 will receive a distribution at a rate of 1 MMC for each 10PTS. With around 1 Million PTS issued, there will be 100,000MMC distributed in this way, and PTS owners will cumulatively have a 1% stake in MemoryCoin at launch.  You can import your balance by using your ProtoShares wallet with MemoryCoin. It is recommend that you transfer your balance to a fresh MemoryCoin wallet after import.

Source
Based on the ProtoShares code base, which is based on Bitcoin 0.8.5
https://github.com/memorycoin/memorycoin

Block Explorer
http://www.chainbrowser.com/memorycoin/

Nodes
3 high performance VPS nodes in each geo region ready (Thanks to belltown)
US: 138.91.140.219
EU: 168.63.28.249
Asia: 137.116.168.89

Thanks to japerry
209.173.79.71

Websites
http://memorycoin.montaxx.me/ - Stats and General Informations/Tutorials
http://memorycoin.info/ - Compilation of Links
http://www.memorycoin.org/ - Homepage of MMC 2.0
« Last Edit: January 04, 2014, 01:37:31 am by FreeTrade »