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[ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - ZERO premint
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Author Topic: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - ZERO premint  (Read 48469 times)

egold

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Disclaimer: This is an experimental currency. Most experiments fail. You have been warned.

Currency specifications:

21 000 000 Total Supply.
Difficulty range: 2^16 - 2^64
Algo: Keccak25 (resistant to ASICs) - CPU only minting.
GPU minting is supported by third-party software.

Configuration:

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=EGOLD
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1                   
(attention here if you put a small number for example 0.01 instead of 1 you will end up paying more nxt fees, read Additional Best Practices below)
nxt.mint.threadPoolSize=0
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


How do I mine EGOLD:

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.

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 you are doing. You may end up paying a lot of fees and spamming the blockchain. Set it to true only when you're ready to mint. False is for testing and calibrating your hardware.

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.

Please mint and sell at the booth.

ATTENTION!
When you post your logs with the errors, make sure you cut out your passphrase before you post.





16x16
« Last Edit: January 19, 2015, 07:12:58 am by egold »
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EGOLD - first mintable ASIC resistant Keccak25 coin. Converting electric power to value!

Hachoir

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It's not working, the mint worker window closes itself immediately after I run mint.bat, anyone knows why ?
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egold

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It's not working, the mint worker window closes itself immediately after I run mint.bat, anyone knows why ?

Post your config, don't forget to remove the password before posting.
It could be a Windows bat file specific problem.
You should cross post the issue here: https://nxtforum.org/nrs-releases/nrs-v1-4-7-1/
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EGOLD - first mintable ASIC resistant Keccak25 coin. Converting electric power to value!

lucky88888

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hi, when you say sell at booth, do you mean sell in asset exchange?
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8897013707391239174

Hachoir

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This is what you need ?

#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost)
nxt.mint.serverAddress=localhost

# Specify a mintable currency code
nxt.mint.currencyCode=EGOLD

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds
nxt.mint.secretPhrase=my secret phrase

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core
nxt.mint.threadPoolSize=0

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting
nxt.mint.isSubmitted=true

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egold

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This is what you need ?

#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost)
nxt.mint.serverAddress=localhost

# Specify a mintable currency code
nxt.mint.currencyCode=EGOLD

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds
nxt.mint.secretPhrase=my secret phrase

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core
nxt.mint.threadPoolSize=0

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting
nxt.mint.isSubmitted=true

I have the same config. It must be a windows issue, you need to ask the devs.

hi, when you say sell at booth, do you mean sell in asset exchange?

MS currencies are bought and sold in exchange booths. They function differently. You need to have some of the MS currency to be able to submit an exchange offer that has both buy and sell sides. You can buy from or sell to an existing offer that you see in the exchange booth, that's called an exchange request.

More info at https://bitbucket.org/JeanLucPicard/nxt/issue/205/monetary-system-documentation and https://bitbucket.org/JeanLucPicard/nxt/issue/207/mint-worker-utility
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EGOLD - first mintable ASIC resistant Keccak25 coin. Converting electric power to value!

shin

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Someone said minting EGOLD is somewhat easier than minting ELEMS. I seems to experience the opposite: computed over 200 [MH] and still not a single EGOLD minted. It took me 2 to 8 computed [MH] to mint a single ELEMS :)
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egold

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Someone said minting EGOLD is somewhat easier than minting ELEMS. I seems to experience the opposite: computed over 200 [MH] and still not a single EGOLD minted. It took me 2 to 8 computed [MH] to mint a single ELEMS :)

You can solve a block in one minute or spend a whole day, it's called variance. It averages out over longer time.
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EGOLD - first mintable ASIC resistant Keccak25 coin. Converting electric power to value!

frmelin

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I think I found one after 375 MH (2 threads only)

Code: [Select]
2015-01-11 12:58:40 INFO: solution nonce 5221012776350778632 unitsNQT 10000 counter 1 computed hashes 751612096 time [sec] 722,51 hash rate [KH/Sec] 1040 actual time vs. expected 1,15 is submitted true
No clue if that's easier or harder than any other currency :-)
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achim

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I just minted 2 EGOLD for 2 Nxt fee, forgot to adjust unitsPerMint  :D
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OrgiOrg

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #10 on: January 11, 2015, 12:14:27 pm »

what is the best setting for "nxt.mint.threadPoolSize"?
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achim

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #11 on: January 11, 2015, 12:17:05 pm »

what is the best setting for "nxt.mint.threadPoolSize"?

I would say it depends on your CPU. Mine can run 8 threads in parallel.
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achim

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #12 on: January 11, 2015, 12:19:04 pm »

Is there a way to view total hashrate or diff?
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lmmjvsd

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #13 on: January 11, 2015, 12:21:06 pm »

ok, it works
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egold

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #14 on: January 11, 2015, 12:28:32 pm »

what is the best setting for "nxt.mint.threadPoolSize"?

I have mine at default 0.

Is there a way to view total hashrate or diff?

Yeah, good question.
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EGOLD - first mintable ASIC resistant Keccak25 coin. Converting electric power to value!

Wakasaki808

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #15 on: January 11, 2015, 12:34:36 pm »

what is the best setting for "nxt.mint.threadPoolSize"?

I have mine at default 0.

Is there a way to view total hashrate or diff?

Yeah, good question.

when you mint something it should say something like


credit to: CfB
Code: [Select]
... unitsNQT 1000000 counter 3 computed hashes 3685479681 time [sec] 3900,34 hash rate [KH/Sec] 944 actual time vs. expected 0,06 is submitted true
where 3900,34 hash rate [KH/Sec] (or whatever K hash will be yours) will be what you are looking for.
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achim

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #16 on: January 11, 2015, 12:38:32 pm »

what is the best setting for "nxt.mint.threadPoolSize"?
I have mine at default 0.

Ah yes, now I saw it:

nxt.mint.threadPoolSize
# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core
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Come-from-Beyond

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #17 on: January 11, 2015, 12:54:16 pm »

credit to: CfB
Code: [Select]
... unitsNQT 1000000 counter 3 computed hashes 3685479681 time [sec] 3900,34 hash rate [KH/Sec] 944 actual time vs. expected 0,06 is submitted true
where 3900,34 hash rate [KH/Sec] (or whatever K hash will be yours) will be what you are looking for.

In that example the hash rate is 944.
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gs02xzz

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #18 on: January 11, 2015, 01:08:06 pm »

I just minted 2 EGOLD for 2 Nxt fee, forgot to adjust unitsPerMint  :D

How are the fees defined? Same as the units you mint each time?
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achim

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Re: [ANN] - EGOLD - 1st Mintable Keccak25 coin - ASIC resistant - zero premint
« Reply #19 on: January 11, 2015, 01:10:59 pm »

I just minted 2 EGOLD for 2 Nxt fee, forgot to adjust unitsPerMint  :D

How are the fees defined? Same as the units you mint each time?

each mint costs 1 Nxt as I understand it.

so if you set
unitsPerMint = 1
issubmitteS = true

you will pay 1 Nxt per mint. If you set unitsPerMint = 100 , you will pay 1 Nxt per 100 EGOLD minted, but it's 100 times harder to mint.
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