Post
Topic
Board Announcements (Altcoins)
Re: [ANN] MemoryCoin 2.0 (MMC) - Long Term GPU/ASIC Resistant
by
SpeedDemon13
on 26/12/2013, 10:18:53 UTC
MemoryCoin 2.0



Windows Binary (Wallet/Miner)
v0.8.55
http://www.memorycoin.org/downloads/memorycoin.zip
https://drive.google.com/file/d/0B-5Ax5kejTpMRzgwTEFBRjBjTFU/edit?usp=sharing

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
Comparison of CPU's https://bitsharestalk.org/index.php?topic=1498.0
http://agran.net/memorycoin2_calc.html

Mining Pools
http://mmcpool.com/
http://mmc.xpool.xram.co/

Voting
How does Voting Work? - https://bitcointalk.org/index.php?topic=372982.msg3989255#msg3989255
The blockchain is Looking to hire - https://bitcointalk.org/index.php?topic=369487.0

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 with the Kimoto 'Gravity Well'

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/

Exchange
http://bter.com/trade/mmc_btc

Nodes
Latest Nodes
https://bitsharestalk.org/index.php?topic=1505.new#new

SuperNode: 81.17.19.139

For the Firewalled: 91.121.8.23:8080

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.info/
http://memorycoin.montaxx.me/
http://www.memorycoin.org/ (needs update)

Forum
https://bitsharestalk.org/index.php?board=35.0


Trolling posts will be deleted - please take off-topic or inflammatory discussions to another thread. No buying/selling posts on this thread please.


Every single share is getting rejected for me on mmcpool.com , every single one. Is there a problems with my set up? I followed the instructions exactly.