EmbargoCoin



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MemberActivity: 101Merit: 10 [ANN][EBG] EmbargoCoin SHA256 7Million coins April 17, 2014, 04:33:57 AM

Last edit: April 04, 2017, 10:31:50 AM by EmbargoCoin #1 ANNOUNCING

EmbargoCoin

SHA256 based Crypto Currency

Slow moving blockchain



RELEASE DATE: May/9/2014 15:00 UTC 11AM EDT



This coin is under an EMBARGO! 20 minute block times as the blocks have to break through the Embargo to be rewarded. 220 blocks for coin creation (3 days for coin creation) as the blocks slowly find their way around the Embargo. 5 confirmations for all other transactions.



Specifications



No Premine

Block Target: 20 minutes

Difficulty retargets every 1 block using KGW (Patched)

Ports: RPC: 11971 P2P 11973



Block Rewards

The block rewards start low (50 EBG) as the Trade Sanctions are pretty tight at the launch (and to have a fair launch). Trade sanctions start loosening on the coin every 251 blocks (every 3.4 days) and coin reward goes up by 50 until block 2268 (31.5 days from launch) when max coin reward of 500 is reached at which point Trade



Sanctions start increasing on the coin every 6480 blocks (Approximately every 90 days) cutting the reward in half until we go into a Full Embargo and only 1 coin is created every block.

Blocks 1-251 - 50 EBG

Blocks 252-503 - 100 EBG

Blocks 504-755 - 150 EBG

Blocks 756-1007 - 200 EBG

Blocks 1008-1259 - 250 EBG

Blocks 1260-1511 - 300 EBG

Blocks 1512-1763 - 350 EBG

Blocks 1764-2015 - 400 EBG

Blocks 2016-2267 - 450 EBG

Blocks 2268-8747 - 500 EBG

Then Trade Sanctions (halving) every 6480 blocks (Approx every 90 days) at block 60588 reward stays at 1 EBG indefinitely.



Coins mined per year:

Year 1: 6,523,887.5

Year 2: 491,847.6563

Year 3: 36865.59375

Inflation per year afterwards: 26,298



Downloads

Multiple download links available for each wallet.



Windows Wallet



https://mega.nz/#!uNwGEBbQ!5TRpPAga7kIN-ROqBkycIvFPq9Vai-YRvp7-OnwAMck







Mac Wallet



https://mega.nz/#!fMhlBBBD!yP4wGA1tldl46jANddF_zohwZdTZA5I6uLZp3NY5LJ4





Ubuntu Wallet



https://mega.nz/#!bEoVkCRb!5qG1p_wFJ3EnUED7hk0dPvzbDJ1wUtwEx1FOhVwxP5Q





Source



https://github.com/Embargocoin/Embargocoin



Web site

http://www.embargocoin.com



IRC

Freenode #EmbargoCoin



Twitter

@EmbargoCoin



Pools

(POOL OPERATORS BE SURE TO SET YOUR NETWORK CONFIRMATION SETTINGS TO 220 FOR COIN CREATION)

http://ebg.cryptoadhd.com





Exchanges



Cryptopia



Links

Block Explorer -

CryptoCoinTalk Thread -



Services

CRYPTOCURRENCY MARKET CAPITALIZATION & STATISTICS -

SHA256 based Crypto CurrencySlow moving blockchainThis coin is under an EMBARGO! 20 minute block times as the blocks have to break through the Embargo to be rewarded. 220 blocks for coin creation (3 days for coin creation) as the blocks slowly find their way around the Embargo. 5 confirmations for all other transactions.No PremineBlock Target: 20 minutesDifficulty retargets every 1 block using KGW (Patched)Ports: RPC: 11971 P2P 11973The block rewards start low (50 EBG) as the Trade Sanctions are pretty tight at the launch (and to have a fair launch). Trade sanctions start loosening on the coin every 251 blocks (every 3.4 days) and coin reward goes up by 50 until block 2268 (31.5 days from launch) when max coin reward of 500 is reached at which point TradeSanctions start increasing on the coin every 6480 blocks (Approximately every 90 days) cutting the reward in half until we go into a Full Embargo and only 1 coin is created every block.Blocks 1-251 - 50 EBGBlocks 252-503 - 100 EBGBlocks 504-755 - 150 EBGBlocks 756-1007 - 200 EBGBlocks 1008-1259 - 250 EBGBlocks 1260-1511 - 300 EBGBlocks 1512-1763 - 350 EBGBlocks 1764-2015 - 400 EBGBlocks 2016-2267 - 450 EBGBlocks 2268-8747 - 500 EBGThen Trade Sanctions (halving) every 6480 blocks (Approx every 90 days) at block 60588 reward stays at 1 EBG indefinitely.Coins mined per year:Year 1: 6,523,887.5Year 2: 491,847.6563Year 3: 36865.59375Inflation per year afterwards: 26,298Multiple download links available for each wallet.Freenode #EmbargoCoin@EmbargoCoin(POOL OPERATORS BE SURE TO SET YOUR NETWORK CONFIRMATION SETTINGS TO 220 FOR COIN CREATION)Block Explorer - http://explorer.cryptoadhd.com/chain/Embargocoin CryptoCoinTalk Thread - https://cryptocointalk.com/topic/11002-embargocoin-ebg-information/ CRYPTOCURRENCY MARKET CAPITALIZATION & STATISTICS - http://www.cryptocoinrank.com/Embargocoin

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CoinBreader



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Hero MemberActivity: 672Merit: 500 Re: [PRE-ANN][EBG] EmbargoCoin April 17, 2014, 10:42:41 AM #3 thats somethin new, all the alt coin claims to be faster than bitcoin, this one is slower !

cool story bro xD

MineP.it



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Full MemberActivity: 182Merit: 100 Re: [PRE-ANN][EBG] EmbargoCoin April 17, 2014, 10:49:03 AM

Last edit: May 09, 2014, 01:28:56 PM by MineP.it #4 Join us in chat for live pre and post launch updates







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Acidyo



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Will Bitcoin Rise Again to $10,000?







Hero MemberActivity: 560Merit: 500Will Bitcoin Rise Again to $10,000? Re: [PRE-ANN][EBG] EmbargoCoin April 17, 2014, 01:32:49 PM #7 Yeah sorry but there is nothing that will bring miners to want to mine this coin.

EmbargoCoin



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MemberActivity: 101Merit: 10 Re: [PRE-ANN][EBG] EmbargoCoin April 17, 2014, 04:29:20 PM #8 Quote from: Manwe on April 17, 2014, 01:23:15 PM All coin tried these failed.



Failing is kind of what Embargos do right? So to fail will be just as magnificent as success.



Quote from: Acidyo on April 17, 2014, 01:32:49 PM Yeah sorry but there is nothing that will bring miners to want to mine this coin.



But it does bring what a lot of people complain about other coins not having. Lower block reward, less supply. But to give that with a short block time seems like too much of a handout. We are going to make you work and wait for the few coins available if you want them. Failing is kind of what Embargos do right? So to fail will be just as magnificent as success.But it does bring what a lot of people complain about other coins not having. Lower block reward, less supply. But to give that with a short block time seems like too much of a handout. We are going to make you work and wait for the few coins available if you want them.

TheMightyX



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Vires in Numeris







Sr. MemberActivity: 350Merit: 250Vires in Numeris Re: [PRE-ANN][EBG] EmbargoCoin April 17, 2014, 05:44:23 PM #11 Just stop it.



Who is going to use a coin with 20 minute block times?



If no one can actually use the currency as a CURRENCY because it is too slow, then what the fuck is the point of mining it?



Pool Operators, stop supporting every piece of shit coin that comes out.



Miners, use your fucking brains.



Let it die, its not funny any more.

jianxinss



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Sr. MemberActivity: 307Merit: 250 Re: [PRE-ANN][EBG] EmbargoCoin April 22, 2014, 03:27:44 AM #13 Just stop it too.



Who is going to use a coin with 20 minute block times? No one exactly!



If no one can actually use the currency as a CURRENCY because it is too slow, then what the fuck is the point of mining it? YES, byebye

EmbargoCoin



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MemberActivity: 101Merit: 10 Re: [PRE-ANN][EBG] EmbargoCoin May 02, 2014, 10:22:00 PM #15 No Pre-mine, no IPO, no Country, no BS, just a coin with less supply than some and longer time between blocks. A coin to have some fun with, so come experience the Embargo, have some fun, maybe someday we'll even get on an exchange and you can trade it for other coins, but we'll get to that when we get there.

Gologuzan



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Full MemberActivity: 161Merit: 100 Re: [PRE-ANN][EBG] EmbargoCoin May 04, 2014, 05:56:29 PM #17 since my country was under embargo for couple years i am definitely putting 1 tera on this coin...

EmbargoCoin



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MemberActivity: 101Merit: 10 Re: [PRE-ANN][EBG] EmbargoCoin May 04, 2014, 07:43:38 PM #19 Quote from: altcoinherald on May 04, 2014, 07:11:55 PM

EmbargoCoin is in the news: http://altcoinherald.com/embargo-coin-ebg-will-deliver-goods/

That's awesome, thank you! And we are doing EBG not EBC, but I assure you that we are legit and not trying to hide anything. But then all the other dev's lately that have done bad things have all appeared to be legit too. I definitely encourage everyone to look over the source code once it is released this Friday 5/9. I want to stay honest and have a successful coin launch, but I do realize the scrutiny that is on all new coins after the last few that have had issues. We also should have a pool available for pre-registration within the next day as I work on getting everything else setup for the launch.





And nothing nefarious in the code to stop trading or coin creation, just slow block times and smaller coin rewards every 90 days once we reach the peak of coin creation. That's awesome, thank you! And we are doing EBG not EBC, but I assure you that we are legit and not trying to hide anything. But then all the other dev's lately that have done bad things have all appeared to be legit too. I definitely encourage everyone to look over the source code once it is released this Friday 5/9. I want to stay honest and have a successful coin launch, but I do realize the scrutiny that is on all new coins after the last few that have had issues. We also should have a pool available for pre-registration within the next day as I work on getting everything else setup for the launch.And nothing nefarious in the code to stop trading or coin creation, just slow block times and smaller coin rewards every 90 days once we reach the peak of coin creation.