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- 02.05.2013
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Website: digitalcoin.co
digitalcoin is meant to be a simple currency that keeps its value well and does not experience as much volatility as some other crypto currencies. This regard for stability is inherent in the design.
What It Is
-A digital currency
-A means to store value
-A fast method to send and receive money(almost instant)
-Transparent and open source
-Fair
Specifications
Algorithm: Scrypt
Block Time: 20 seconds - Enough time to minimize orphans but still provide almost instant transactions.
Difficulty: Starts at 0.00024414 - It will take 6-8 difficulty adjustments (or ~13000 blocks) to reach desired difficulty of 1. It re-targets quickly to adjust to the environment, so stability should not be much of an issue. Miners should also find the system adjusts fast enough to be up to date, but not so fast as to make the environment unpredictable and unstable. 6 hours is target time. Every 1080 blocks(6 hours @ 20 seconds per block), the network scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Reward: 20 coins per block, halved every 3 years - Consistent rewards encourage miners to support the network long term. Loyalty is rewarded. This also reduces volatility by setting the foundation on a stable path. Due to the fair launch policy, block rewards will grow in value until they reach the 20 coins per block reward. More details below. 4730400 blocks total.
Coin cap: 200 million.
Block confirmations: 5.
Fair Launch
Block
1080 - Difficulty up until here is 0.00024414. Block reward of 2.
2160 - Difficulty up until here is 0.00024414. Block reward of 1.
3240 - Difficulty up until here is 0.00097656. Block reward of 2.
4320 - Difficulty up until here is 0.00390624. Block reward of 5.
5400 - Difficulty up until here is 0.01562496. Block reward of 8
6480 - Difficulty up until here is 0.06249984. Block reward of 11.
7560 - Difficulty up until here is 0.24999936. Block reward of 14
8640 - Difficulty up until here is 0.98165069. Block reward of 17.
Difficulty will then rise to 1 and the block rewards to 20. The purpose of this is to give a period of time for miners to know about digitalcoin before others can mine too much of it and cause hoarding. The figures above can shift depending on the hash power of the network to smooth the difficulty rise to ~1 level.
Quick Start
Download the wallet and follow step 1 from the Solo Mining guide. Both found below.
That will get you connected to the network and synchronize your wallet.
Screenshot
Screenshot of the first software build:
Developers
Everyone is welcome to contribute to digitalcoin in any way. If you have expertise that you would like to contribute, please contact me. A stable network providing regularly near instantaneous transactions has potential for many exciting implementations.
Here are some things that are also wanted:
-Block explorer: http://dgc.p2pool.nl/chain/Digitalcoins exists, but one is needed with more statistics.
-More pools
-More Games: bitgrenade so far.
-Exchanges (If you are the owner of an exchange, please contact me.)
-Any useful/fun/interesting thing done with digitalcoin.
Solo mining
1. Create a file called digitalcoin.conf and put it in the root directory of your digitalcoin files(Example Windows 7/8: C -> Users -> Username->Appdata
->Roaming->digitalcoin). *In windows, choose save as All files in Notepad to save it with a .conf extension.
Sample digitalcoin.conf contents:
COPY BELOW THIS LINE
rpcuser=yourusername
rpcpassword=yourpassword
server=1
addnode=24.138.46.123
addnode=76.79.201.54
addnode=198.245.60.126
addnode=93.186.200.124
addnode=107.20.222.119
STOP COPYING ABOVE THIS LINE
(COMMENT: Forward port 7999 in your router firewall and/or software firewalls and send me your IP if you would like to be added to the nodes.)
(COMMENT: 24.138.46.123 is the main node.)
2. Mine with the digitalcoin-qt wallet by launching it, navigating to Mining and putting in the username(rpcuser), and password(rpcpassword) you chose above. For port number, use 7998. The server will be the local IP of your machine, oftentimes localhost also works in the server field.
Alternatively, mine with cgminer using a .bat file or a modified shortcut command line.
To do so, use the following command line:
cgminer.exe –scrypt -I 11 -s 1 –expiry 1 –queue 0 -g 1 -o 127.0.0.1:7998 -u 1 -p 1
Please note 127.0.0.1:7998 is one possible local IP and yours can be different. 7998 is the local port the rpc miner listens on.
Forward port 7999 if you would like more incoming connections.
Pool mining
To connect to a pool, use the same command line above, but substitute the pool IP for the local IP.
Example: cgminer.exe –scrypt -I 11 -s 1 –expiry 1 –queue 0 -g 1 -o EXAMPLEPOOL.COM -u username -p worker.password
Pools will often post optimal settings so make sure to check those.
Pools
List:
1. http://www.digitalcoinpool.com/ <-Getwork 1% fee
2. http://dgc.turbocoin.us/ <-Stratum 1% fee
3. http://crypto-coins.de:8907/ <-Stratum 1% fee
4. http://digi.cryptcoins.net <- Stratum **PLEASE USE A DIFFERENT POOL
5. http://next.afraid.org:8119/ <- P2pool 2% fee
6. Fenican P2pool <- Stratum P2pool **PLEASE USE A DIFFERENT POOL
7. http://pool.bounceme.net:24397 <- P2pool 0% fee
I will update this pool list as much as needed. Pool operators, please add block explorers to your pools.
Start a Pool Options:
1. You can use the digitalcoin P2pool fork by akabane. Links: Github Repo | More Info
Download
Github: https://github.com/baritus/digitalcoinSource
Source: Download from Mega
Windows wallet executable: Download from Mega
Windows wallet executable git: https://github.com/baritus/digitalcoinQT
Exchanges
LTC/DGC BTC/DGC google docs: https://bitcointalk.org/index.php?topic=211243
Automatic escrow service: http://exchange.dudeami.com/
Games
BitGrenade, like bitpotato but with grenades: http://www.bitgrenade.net/?coin_display=6
Donate for Development
DGC: DHgXvhswV9j3t9VTKu1QfAu6kYM1HHD5sJ
Troubleshooting
Wallet:
If you have any wallet download, block chain, or any other issue with the connections, try the following first:
In your digitalcoin folder in AppData, delete everything but digitalcoin.conf and wallet.dat(backup whole folder just for safety). Edit digitalcoin.cof and make addnode=24.138.46.123 as your only node, relaunch. After one launch, your client should build a peer list with only good nodes.
Compiling in linux:
If you have the following error, use this command: mkdir src/obj ; sh share/genbuild.sh src/obj/build.h ; cd src ; make -f makefile.unix
Kod:
make -f makefile.unix digitalcoind
/bin/sh ../share/genbuild.sh obj/build.h
../share/genbuild.sh: 33: ../share/genbuild.sh: cannot create obj/build.h: Directory nonexistent
../share/genbuild.sh: 34: ../share/genbuild.sh: cannot create obj/build.h: Directory nonexistent
make: *** [obj/build.h] Error 2Your donations increase the value of digitalcoin. We need donations to:
- Increase the value of digitalcoin
- Keep development going
- Fund new development
- Support efforts to expand digitalcoin's availability
- Run various services: domain, hosting, etc.
- Offer rewards for integrating digitalcoin into useful applications
