Abbreviated XPM and denoted by the symbol Ψ, Primecoin is a cryptocurrency similar to Bitcoin. It was introduced on July 7, 2013 and the proof of work is based on computing specific sequences of prime numbers.
Wednesday, October 16, 2013
CoinMKT adds Primecoin on October 20
Another Bitcoin and altcoin exchange will enable Primecoin trading!
"CoinMKT will be swapping out Novacoin for Primecoin in the evening on Oct 20th. All of you XPM traders out there gear up!
If you have Novacoin in the system, please withdraw it this week or we can send it manually back to your wallet."
» Read the full topic at CoinMKT
Tuesday, October 1, 2013
Primecoin breaks 4th world record
Primecoin is not only useful as a cryptocurrency, but also contributes to science. Recently, the Primecoin Network has broken a 4th world record by computing a 13-Primes 94-digit Cunningham chain of 2nd kind.
Sunday, September 29, 2013
New Primecoin mining pools
Quite a few new mining pools for Primecoin have been introduced in the past few days:
http://www.beeeeer.org/ - a keep-it-simple pool, already overtaking ypool.net
http://rpool.net/ - a newchinese pool, seemingly without any english translation
And then there is still
http://ypool.net - the oldest Primecoin mining pool, which has been out there since the beginning
A calculator for estimating mining profits is also available:
http://anty.info/primecoin-calculator/
Tuesday, August 20, 2013
Physical Primecoins now for sale
It is now possible to buy a physical represenation of a Primecoin, in the form of a silver coin. They look really cool and impressive, and we look forward to seeing these in stores some day.
» Read the full topic at Bitcointalk
Wednesday, August 7, 2013
Primecoin Breaks World Records (XPM)
Primecoin has Broken Three Major World Records in less than one month of Primecoin’s release. Primecoin is a cryptocurrency network released on July 7th, the first of its kind generating scientific computing values. “In March 2013, I realized that searching for prime chains could potentially be such an alternative proof-of-work system. With some effort a pure prime number based proof-of-work has been designed, providing both minting and security for cryptocurrency networks similar to hashcash type of proof-of-work. The project is named primecoin.” as quoted by Sunny King, the developer of Primecoin (XPM).
» Read the full article at CryptoCoinsNews
Friday, August 2, 2013
Primecoin client v0.1.2 released
A new version of the Primecoin client has been released. This release is not mandatory, and it can be downloaded through the Primecoin Github page.
» Read the full article at PPCointalk
Thursday, August 1, 2013
Primecoin Trading
Primecoin can already be exchanged for BTC at 5 websites.
This is already a list of exchanges where you can trade Primecoins:
- Coins-E
- Crypto-Trade
- Cryptsy
- McxNow - largest volume
- Vircurex
- Cryptocoincharts.info - compare the XPM price at different exchanges
- Coinmarketcap.com - what is the total number of coins worth?
Sunday, July 28, 2013
Primecoin sources of information
Primecoin is sometimes called a scientific computing
cryptocurrency, because its mining is actually finding useful for
science, because Cunningham sequences of prime numbers are computed.
Below you can find a list of interesting links with more information on Primecoin.
Below you can find a list of interesting links with more information on Primecoin.
- ppcoin.org - official website
- Download paper (pdf) - describes the Primecoin protocol
- Wikipedia on Primecoin
- PPCointalk forums
- Bitcointalk forums (search for XPM)
- Official Primecoin desktop client
- Primecoin Reddit
- Bitcointalk info topic
- Primecoin Wiki (unofficial)
- Primecoin blockchain at 21st Century Moneytalk
- Primecoin block crawler
- Primecoin block explorer
- Satoshi Roulette - gamble with Primecoins
- Addnode - if the Primecoin client won't sync, try this
- Primecoiner
- Primecoin News
Friday, July 26, 2013
Primecoin Mining
Mining Primecoins can be done using a CPU.The links below provide more information.
- Exlanation at Coinqa
- High performance client for mining Primecoin
- ypool: a mining pool for Primecoins
- Exlanation at Feathercoin forum
Thursday, July 25, 2013
Primecoin (XPM): On the search for the unthinkable
Primecoin is going for a whole new approach: ’A new type of proof-of-work based on searching for prime numbers is introduced in peer-to-peer cryptocurrency designs. Three types of prime chains known as Cunningham chain of first kind, Cunningham chain of second kind and bi-twin chain are qualified as proof-of-work. Prime chain is linked to block hash to preserve the security property of Nakamoto’s Bitcoin, while a continuous difficulty evaluation scheme is designed to allow prime chain to act as adjustable-difficulty proof-of-work in a Bitcoin like cryptocurrency’, says Sunny King in the introduction paper of the new digital currency. Primecoin is on the search for the unthinkable, long chains of prime numbers.
» Read the full article at Litecoinblog
Thursday, July 18, 2013
Discount code and Primecoin mining enthusiasm cause cloud server overload
Miners of Primecoin, a new digital currency, caused DigitalOcean, a cloud server provider, to restrict sign ups in some regions of the world. Primecoin was recently announced, with the aim of creating a currency that had a useful proof of work system: the search for prime numbers.
» Read the full article at Coindesk
Wednesday, July 17, 2013
A Week-Old Cryptocurrency Wants to Capture the Wasted Energy of Bitcoin's Algorithm
Some of us are taken with bitcoin. We have learned its basics, and are more or less versed with its socioeconomic implications. We get it. But when an acquaintance of mine told me recently that he's trading in more than 30 bitcoin alternatives, or altcoins, my mind was blown. Acting as a sort of crypto-FOREX trader, he's the first to answer one of my go-to questions on bitcoin: What would you do to make it better? He rattled off some of the altcoins, and eventually focused his argument around a week-old cryptocurrency. It's called Primecoin, and it aims to harness what he considers to be the spent energy of bitcoin's algorithm.
» Read the full article at Motherboard
Friday, July 12, 2013
Primecoin: the cryptocurrency that can make mining useful
One of the problems that Bitcoin miners often point out is that solving the complex and random algorithms that generate digital coins is a difficult process that spends a lot of energy and doesn’t have any other practical benefit. Well, someone has created an alternative that might solve this problem: it’s the new form of digital currency called Primecoin.
» Read the full article at Bitcoin Examiner
Thursday, July 11, 2013
Primecoin Has Exchange, Casino, Already Breaking World Records
Primecoin has come far in the last few days. Less than a day after founder Sunny King released the genesis block and I first covered the currency, Primecoin has become one of the few alternative cryptocurrencies to be featured on Business Insider, its thread on Bitcointalk has reached 77 pages and has attracted the interest of thousands of people around the world. Now, after two days in the wild, Primecoin is already bringing us real-world value.
» Read the full article at Bitcoin Magazine
Wednesday, July 10, 2013
New currency Primecoin searches for prime numbers as proof of work
A new digital currency has been announced, which uses prime numbers as its proof of work. Primecoin is still in beta, but its goal is to provide a proof of concept that a digital currency can produce something useful besides its subjective market value.
» Read the full article at Coindesk
Tuesday, July 9, 2013
A New Digital Currency Concept Solves One Of Bitcoin's Most Obvious Flaws
Bitcoin has lots of problems. But some say one in particular has received scant attention: "mining" the currency requires solving random equations that are ultimately pointless. This uses up a lot of computing power and energy, and it's all a total waste. Primecoin seeks to address this problem. The digital currency, whose home for now remains at coding site Github, would be "mined" instead by contributing to massive computing projects like Stanford's disease-cure software or SETI, the project to search for extraterrestrial life. Or, as its name suggests, tracking down long chains of prime numbers.
» Read the full article at Business Insider
Cryptocurrencies Could Crunch Meaningful Code Instead Of Burning Electricity
No one really knows what to do with Bitcoins yet, and even as investors begin to address the market, different government bodies are trying to seize or regulate the world's geekiest currency. But one thing that's easily overlooked is the actual process of mining a Bitcoin...it's purposefully a compute-intensive task that usually works best when you're running the mining code on a high-end PC merrily burning the energy surging through the electricity supply.
» Read the full article at Fastco Labs
Sunday, July 7, 2013
Primecoin: The Cryptocurrency Whose Mining is Actually Useful
One of the disadvantages of Bitcoin that its proponents often gloss over is the fact that its mining algorithm has little real-world value ... Primecoin is the first proof-of-work based cryptocurrency that has come up with any kind of workable solution. The central premise of Primecoin is that, instead of useless SHA256 hashes, the proof of work protocol would require miners to find long chains of prime numbers.
» Read the full article at Bitcoin Magazine
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