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Wednesday, 15 May 2013

Elacoin [ELC] new coin !

Posted on 02:59 by Unknown

WHAT IS ELACOIN?
Elacoin (ELC) is a digital currency, based on Bitcoin and Litecoin. It operates on a peer to peer network, the same technology behindSkype and BitTorrent. Futhermore, Elacoin is completely decentralized, meaning it is not controlled by any government or central bank.
INNOVATIVE FEATURES
  • Elastic Block Reward Algorithm
  • The more computational power you throw at it, the more each block will give. The reward is halved every nine months.
  • Stable Currency that Regulates Itself
  • Less demand? Less hashpower, less block reward, less supply. Same value. High demand? More hashpower, more block reward, more supply. Same value.
  • Fast Payments and Confirmations
  • TThe block target is one every 2 minutes, which is the perfect amount. Fast enough without running into network IO limits, or bloating your hard drive.
  • Open to everyone. No premining, no shenanigans.
  • Elacoin is not premined. Get your scrypt miners ready (a miner is included in the client), and have fun!
Download client : 
https://apps.memopal.com/e/H3GPKRT7
This is unofficial! Run it in a VM or with Sandboxie!


1- Start the elacoind.exe

It will open en disapear right away. ( This is suppose to happen )

2- If you did this you go to  : C:\Users\YOURACCNAME\AppData\Roaming\Elacoin

You create a elacoin.conf with the following info :

rpcuser=user
rpcpassword=pass
rpcallowip=127.0.0.1
rpcport=9222
port=9223
daemon=1
server=1
gen=0
addnode=199.204.38.220
addnode=205.209.38.220
addnode=98.202.80.237
addnode=81.3.189.156
addnode=130.79.100.90.


3- After you done this save and close the elacion.conf.

4- Now you start the elacoind.exe file again the window will stay open.

5- Now you have to wait till it synced currently over 6000 blocks. To see that status of your current block go to start and open CMD. In commandprompt you navigate to the folder where you elacoind.exe and type elacoind.exe getinfo. ( You should see the blocks getting updated everytime you retype the command elacoind.exe getinfo )

Now you can go to you miner and connect to: 127.0.0.1:92222 and farm some coins.

* to see if you got any block found type in cmd elacoind.exe getbalance


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