42 Coin Hits 48 Coins

42 Coin Hits 48 Coins

Months ago, Woodcoin founder "Funkenstein the Dwarf" noticed something was awry with the 42 Coin project. When reviewing the code, he saw that there was nothing, actually, stopping the coin supply from exceeding the apparently magic number of 42. He wrote about it, saying: The function "getBlockValue" determines the coinbase reward and hence the money supply. What I saw surprised me: the reward was set to be 0.00042 per block, forever. In other words, no limited supply. No cap at 42! The next thing to do, for anyone who can read and write code, is to create a patch and submit it, right?....


Related News

Unobtanium - The Random Coin of the Day

So many coins are launching every month, but which coins are actually noteworthy? Which ones are pump and dump scams? Which ones should I invest in? These are just some of the questions people ask themselves when they look at the altcoin market for the first time. I’ve decided to start writing a “Random Coin of the Day” saga of articles to further examine some of the more useful, but less exposed coins on the market. While there might not be a random coin of the day every day, I will be interviewing developers from different interesting coins on the market in order to allow them to....

Litecoin Will Not Hard Fork to Fend Off ASICs!

There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....

The Full Story Of CannabisCoin's Premine Burn

CannabisCoin (CANN) has so far, been a success. A coin backed by Marijuana, perhaps the world's most useful plant, has an obvious appeal for a large segment of the population. But with popularity comes scrutiny, and it wasn't long until some of the coin's competitors began pointing out inconsistencies in CANN's blockchain. Astute observers noticed that CannabisCoin's Rich list was dominated by a group of 27 addresses each holding 500,000 CANNs, and all coming from the coin's genesis block. Control of these coins was first denied by the developer, who later announced that the coins came....

Defcon hackers crack physical bitcoin Casascius coins

The Casascius coin was shown to be vulnerable to physical attack at this year's Defcon conference, one of the world's largest hacker conventions. Casascius coins are one form of physical bitcoin, being supplied in denominations of 0.5, 1 and 25 BTC. The coins each have a private key printed on them, concealed by a holographic sticker. The Defcon hackers were able to reveal the key and replace the stick with virtually no sign of tampering. The private key on each Casascius coin relates to the bitcoin address that holds the value of the coin. The implication of having access to this coin is....

Are Multipools Worth it?

Before the release of DigiShield, miners could take advantage of coins with low difficulty to make a better profit. Kimoto Gravity Well (KGW) was introduced and curved this behavior, but DigiByte with their DigiShield effectively stomped it out. For those of you who might not know what a multipool is, it's a mining pool that determines the most profitable coin for you to mine based off your hash rate, the coins difficulty and the going rate on the exchanges. In contrast to direct mining pools, where only one coin is mined. After a coin has been mined long enough for the difficulty to....