Riecoin

Want something added to riecoin.org? request it here: https://docs.google.com/spreadsheet/ccc?key=0As6q17G29AHxdENBMzNIT3NSSWlic0Y4TnJKZTlSUEE&usp=sharing

New client v0.10.2 Mandatory update: hard-forked at block 160704
Hard fork was successful! It allowed us to break the world record for the largest prime sextuplet with 654 digits
Sources are in github (github.com/riecoin/riecoin) and binaries in sourceforge (https://sourceforge.net/projects/riecoin/files/riecoin%200.10.2/).


Download optimized solo cpu miner v3.1.1: https://github.com/riecoincore/riecoin/releases/download/Miner/riecoinMiner.zip

General parameters:

    PoW: new idea, prime numbers, not Cunningham chains
    Blocks every 2.5 minutes
    Block reward of 50RIC, halving every 840000 (about 4 years)
    Cap: about 84 million RIC
    Difficulty adjustments every 576 blocks (24hs) 288 blocks (12hs)
    RPC port 28332, or 38332 for testnet
    P2P port 28333, or 38333 for testnet


About:

The process of money creation in Bitcoin - referred to as mining - involves executing software that utilizes your hardware running sha256 hashes until a certain criterion is met. This part of the mining process is called generating a "Proof of work". The whole mining process also has a critical role in processing transactions and providing security to the network. It is estimated that all the processing power devoted to Bitcoin mining represents more computing power than several of the largest supercomputers in the world combined. Wouldn't it be great to be able to use all that massive power for something else?

Even special purpose hardware was designed for Bitcoin mining. Some consider this a waste of resources, while others argue that supporting a decentralized currency is hardly a waste. We believe that the mining process required for currency to work does not need to include hashing functions as a Proof of Work, and that a "more useful" calculation can be done instead.

That's the point of Riecoin: the mining process, besides fulfilling its function to the operation of the network, generates series of prime numbers as a by-product. This prime numbers are of interest to mathematicians and the scientific community. Riecoin is proof that it is possible to effectively harness all that massive computing power to something useful other than hashing functions.

Fair launch:

Since this is a new PoW, it is very hard to define a starting difficulty that avoids instamining. To overcome this and contribute to a fair launch, the first 576 blocks will have no reward and the next 576 will linearly increase and reach the full reward at block 1152, after 4 difficulty adjustments were performed. Besides avoiding instamining, this should allow time for those who want to compile their own clients.
Expect the starting difficulty to be hard.
Source code will be provided a few days before launch, but the PoW functions will be replaced by stubs. The idea is that everyone would be able to examine the code and confirm that there's nothing strange and it is indeed pretty similar to bitcoin's. Everyone would be able to compile it, see if they have the correct dependencies, etc, but it won't run. At launch time, when the final code is released, everyone could easily check that the only thing that changed is the PoW code, so you'd only have to check the diff of a few lines of code and recompile.

Mining

A basic miner is embedded in the client (use "setgenerate true"), but a fork of cpu-miner that is much more optimized will be released too. Optimized mining requires a sieve, which in general create a RAM access bottleneck, so it's hard to predict how much improvement would you get by using the GPU. I'd bet someone will find a way to implement an efficient GPU miner. Same thing with ASICs. But if they make an ASIC for this, they would be making an ASIC that could be used to find interesting prime number structures.


LINKS

Forums:
- http://www.riecointalk.com/
- https://cryptocointalk.com/forum/875-riecoin-ric/

Facebook: https://www.facebook.com/TheRiecoinCommunity

Twitter: @riecoin

Android apps/widgets: new!
- Paper wallet (in Play store)
- Riecoin widget (in Play store)
- Riecoin shooter (in Play store)


Subreddit: http://www.reddit.com/r/riecoin

There was an article on NewScientist! http://www.newscientist.com/article/dn25123-virtual-currency-riecoin-tackles-prime-number-enigma.html#.Uw-hrfmSzcA
And slashdot: http://science.slashdot.org/story/14/02/22/1938218/riecoin-a-cryptocurrency-with-a-scientific-proof-of-work

Listed at:
- http://www.worldcoinindex.com/
- http://coinmarketcap.com/
- http://www.cryptocoinrank.com/Riecoin

Exchanges:
- CryptoDAO:
                BTC/RIC:https://cryptodao.com/site/index/RIC/BTC
                LTC/RIC:https://cryptodao.com/site/index/RIC/LTC
                ETH/RIC:https://cryptodao.com/site/index/RIC/ETH
                USD/RIC:https://cryptodao.com/site/index/RIC/USD
- POLONIEX
- btc38.com

Pools:
- uBlock.it new!
- ric.nonce-pool.com (stratum)
- RiePool (stratum)
- xpoolx (stratum)
- http://ypool.net/ (xpt) they also have an online wallet and a faucet
- ric.upcpu.com (xpt)
- gpupool (not technically pooled mining, research before using)

Stratum miner:
- https://github.com/gatra/fastrie

Stratum pool server backend:
- https://github.com/gatra/stratum-mining

Block crawlers/explorers:
- https://chainz.cryptoid.info/ric/
- https://bchain.info/RIC/
- http://darmstadt.goxadidi.dk/cgi-bin/block/block_crawler.py/ seems offline

Tools:
- Paper wallets
  - https://cryptap.us/ric/paperwallet.html
http://www.lotwin.com/lottery/downloads.aspx accepts Riecoin!
There's a wiki here: http://www.reddit.com/r/RieCoin/wiki/index

Faucet and other services by cryptap.us: New!
- Faucet
- copay for RIC
- Online wallet
- Dice game

Its funny reading the posts in this forum, where people state there is an upper tier SHA-256 miner, better than the S9 already mining, prior to being sold.

They never provide any proof.  Sometimes they make claims that pool operators are being asked to alter code.  Once again NOT PROOF!

Sniff, sniff.  I smell FUD.

http://news.8btc.com/bitmain-order-manufactured-by-tsmc-nanjing-fab-volume-production-in-may

I'll ask you one more time, for the sake of charity.

What evidence is there that there is a SHA-256 top tier miner being released, to rival the S9?

I won't be making any more posts in response to your good self in this topic anymore.

You sound like a clairvoyant.  "I can see the future.......but don't question me"

Are you just looking for an argument, no matter what the subject?

I asked for actual evidence of a new, improved top tier SHA-256 miner.  All I see is waffle and conjecture.

You sir, have provided none.  I asked the question, therefore I can be as specific as I like.

1) Didn't answer question
2) Resorted to insults.

I rest my case your honour.

N.B. At no point did I state that Bitmain does not test future products.

Evidence please?

In my opinion, there is nothing that gives any indication that a new SHA-256 miner, better than the S9, is anywhere near release date.

On what basis are you making that?

What is that supposed to signify then?

Pure guess work.

I started mining LCC to HODL, not to sell.  The lack of a market this early on in its development concerns me not.  It could be argued that no market makes them cheap, just as much as no market makes them expensive.

Lets see how these turn out.  Only time will tell.

In the meantime, I'm happy to give my miners to the project.

Halving is yes.  Difficulty is no.  Other features, unsure.  Litecoin is a great coin, so hopefully stays very similar.

As someone who is mining LCC I am aware of the slow start and this will affect the mining.


We are already up to 111 block reward.

With 2 x S9's I mined about 9 LCC during 24hrs.

A couple of S9's via MultiPools LCC pool.

It should be an interesting few months for LCC.  My plan is to mine it for 4 weeks....I've mined 8 coins so far.  Once the 4 weeks is up, I'll add it to my collection of HODL's as this coin "could" have some legs over the coming years....

I'm mining LCC here.

https://lcc.multipools.club/

Its price appears to be rising for some reason?  Anyone know anything?

Ok.  Your confidence means nothing to me.  I await to see how much confidence important people place in this fork.