Post
Topic
Board Announcements (Altcoins)
Re: [ANN] PYRITE || $PYE || POW/POS HYBRID || SHA256Q || FAIR LAUNCH || NO PREMINE
by
almonk
on 30/10/2018, 20:24:04 UTC
Is there any specific reason that sha256q hashing algo was chosen?

Also what version or date of the blackcoin code did you use for this fork?


The idea is to create a fair, mineable cryptocurrency. This is not a quick cash grab or an attempt at one. It's really that simple. No gimmicks, no hidden plan. I have some ideas in my mind for protocol upgrades, but it's too early to discuss and it'll just generate unnecessary weight on my shoulders with people asking for them every day. I also have no plan to pay for an exchange listing, however small the fee might be. I am a miner just like you and hold no premine/dev fee. Coin is one week old and already there is an issue with regards to difficulty adjustment. Maybe it was just an unfortunate event or maybe a deliberate act that a miner or group of miners joined the network last night with 200+ GH/s increasing difficulty tenfold, and then left after a short period of time. What you're seeing now is a delay in block production caused by that. If this was in fact deliberate and keeps repeating I'll have to address it quickly. I'm aware of the options that are out there. This is a fork of blackcoin, so codebase is pretty old.