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[ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION singapore
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Author Topic: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION  (Read 51326 times)

elements

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Promotional Offer: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.


SPECS

NXT BASED
Total Supply: 84 000 000 ELEMS
Minimum Difficulty: 10
Maximum Dificulty: 150
Minting Algorithm: Scrypt
No IPO
No Premine


DESCRIPTION

Elements (ELEMS) is the first MS coin using Scrypt Algorithm and the first MS coin that people start minting. ELEMS had no initial supply (pre-mining). We believe in fair distribution. At the moment there is no GPU miner. Everyone can use his computer to mint ELEMS. We want to build a great community and add value to our coin.

NO PREMINE! NO INITIAL SUPPLY! NO IPO! FAIR DISTRIBUTION AGAIN!

RESOURCES

Minting Tutorial (currently under public proof check, more info here)
https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1




ROADMAP

ELEMS Logo --> Competition now LIVE (https://nxtforum.org/index.php?topic=7890.0)
Minting Tutorial (proof-check)
ELEMS Statistics Page --> https://nxtforum.org/index.php?topic=7534.0
Project Rescue Announcement --> https://nxtforum.org/index.php?topic=7556.0


ANNOUNCEMENTS

« Last Edit: January 27, 2015, 01:20:42 am by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

natty

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How much Nxt do you pay for 1 ELEMS? :)
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escalicha

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getting place legendary thread

frohlocke

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THX for that preannouncement of a better announcement!


Pending: A better announcement post


Edit: quote
« Last Edit: January 10, 2015, 11:00:07 pm by frohlocke »
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Nxter

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how do i mint ELEMS?
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Tosch110

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how do i mint ELEMS?

I am wondering the same

elements

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how do i mint ELEMS?

Added Update to the main post:

Update1: How do I mine ELEMS:

According to Nxt minting wiki:

1.Locate nxt-default.properties file in nxt-client-1.4.7.1\nxt\conf folder
2.Copy paste this file and rename it to nxt.properties
3. Open the file, locate the parameter below and change them accordingly:


nxt.mint.serverAddress - the address of the NXT peer accepting the transactions. Defaults to "localhost".

nxt.mint.currencyCode - specifies the monetary system currency code of the currency to mint.

nxt.mint.secretPhrase - secret phrase of the account to which the new currency units are granted. This secret phrase is submitted to the peer with each mint transaction.

nxt.mint.unitsPerMint - specifies the number of units per mint for each mint transaction. This is the number of units credited to the minter account, however, minting difficulty increases linearly with the number of units, therefore small minters should define small number of units and large minters a larger number [default: 1 whole unit per mint] This field accepts decimal positions according to the currency decimals.

nxt.mint.threadPoolSize - number of threads used for hashing [default: 1 thread per CPU core]

nxt.mint.initialNonce - by default (or when setting the value to 0) the initial nonce is chosen randomly and increased by one on every hash calculation. Set this value when you like the hashing process to work deterministically, for example for testing purposes.

nxt.mint.isSubmitted - by default the mint worker does not actually submit the minting transaction. To submit the transactions automatically whenever a hash is solved set this value to true. Refer to the best practices section below.


Example:

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Runtime

To execute the mint worker follow these steps:

1.Install NXT
2.Configure the mint parameters as explained above
3.Start the NXT node and update the blockchain
4.Once the node is started launch the mint worker by running mint.sh on Unix or mint.bat on Windows
5.The mint worker connects to the NXT node specified by the nxt.mint.serverAddress setting, to retrieve the minting parameters and submit the solution nonce.


Additional Best practices

Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.

Always start by minting 1 unit per mint and observe the log messages printed by the mint worker. Look at the hash rate and the number of seconds per transaction. Adjust the nxt.mint.unitsPerMint setting so that the mint worker solves no more than one hash per hour, but also consider that a single transaction cannot mint more than 1/10000 of the total unit supply.
« Last Edit: January 10, 2015, 11:21:35 pm by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

jones

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Someone should make a simplified minting program for CPU then eventually gpu.

*opens up IDE
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-- Jones NXT-RJU8-JSNR-H9J4-2KWKY

elements

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Update 2 :
2.09 ELEMS already mined!

By looking all the other POW coins, ELEMS is the first coin that people start to mine. Thank you!



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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

Wakasaki808

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Yay one of if not the first POW NXT MS coin :) that people are actually trying out.
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Nxter

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Its not working for me.. any idea??

Code: [Select]
Initializing Nxt server version 1.4.7
2015-01-11 01:05:50 INFO: nxt.enableStackTraces = "true"
2015-01-11 01:05:50 INFO: nxt.enableLogTraceback = "false"
2015-01-11 01:05:50 INFO: logging enabled
2015-01-11 01:05:50 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 01:05:50 INFO: nxt.mint.secretPhrase = "THIS IS MY SECRET"
2015-01-11 01:05:50 INFO: nxt.mint.isSubmitted = "true"
2015-01-11 01:05:50 INFO: nxt.maxRollback = "1440"
2015-01-11 01:05:50 INFO: nxt.isTestnet = "false"
2015-01-11 01:05:50 INFO: nxt.isOffline = "false"
2015-01-11 01:05:50 INFO: nxt.trimDerivedTables = "true"
2015-01-11 01:05:50 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 01:05:50 INFO: nxt.disableGetMoreBlocksThread not defined, assuming f
alse
2015-01-11 01:05:50 INFO: nxt.dbCacheKB = "0"
2015-01-11 01:05:50 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE
;MVCC=TRUE"
2015-01-11 01:05:50 INFO: nxt.maxDbConnections = "30"
2015-01-11 01:05:50 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 01:05:50 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 01:05:50 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 01:05:50 INFO: nxt.apiServerPort = "7876"
2015-01-11 01:05:50 FINE: Sending request to server: http://localhost:7876/nxt?c
ode=ELEMS&requestType=getCurrency
2015-01-11 01:05:50 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 01:05:50 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 01:05:50 INFO: nxt.apiServerPort = "7876"
2015-01-11 01:05:50 FINE: Sending request to server: http://localhost:7876/nxt?r
equestType=getMintingTarget&currency=7035962084481354251&units=10000&account=NXT
-BS9K-5KTE-4892-23JY8
Exception in thread "main" java.lang.IllegalStateException: Request http://local
host:7876/nxt?requestType=getMintingTarget&currency=7035962084481354251&units=10
000&account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"
        at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:221)
        at nxt.mint.MintWorker.getMintingTarget(MintWorker.java:175)
        at nxt.mint.MintWorker.mint(MintWorker.java:77)
        at nxt.mint.MintWorker.main(MintWorker.java:46)

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elements

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How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

elements

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Its not working for me.. any idea?? 



account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"  ---> Is this your account? did you put the correct pass-phrase?
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

Nxter

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Its not working for me.. any idea?? 



account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"  ---> Is this your account? did you put the correct pass-phrase?

This is not my acc but i see that i did put the pass correctly.
it is a very long (50+) random chars pass. do i have to enclose the pass with ' ' or " " or somehting like that?
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Klokan

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How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01
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Wakasaki808

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I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...

edit: found it :P
« Last Edit: January 11, 2015, 12:43:07 am by Wakasaki808 »
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Nxter

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I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...
I recommend you to google and install notepad++   ;)
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xyzzyx

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nown account"  ---> Is this your account? did you put the correct pass-phrase?

This is not my acc but i see that i did put the pass correctly.
it is a very long (50+) random chars pass. do i have to enclose the pass with ' ' or " " or somehting like that?

Try opening a new account and letting the Nxt client choose a passphrase for you.  You can then copy and paste this passphrase into your config file for miniting.  Remember to fund your new account before you start minting as each successful mint op costs 1 NXT.
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"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov

Wakasaki808

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I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...
I recommend you to google and install notepad++   ;)

thanks :P forgot about that
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NXT-98EP-BVRB-WU6B-386RA

starik69

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Code: [Select]
INFO: pool-1-thread-1 computed 1 [MH] :o
Did i mint? ???
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