Bitcoin Forum

I made this. Free Kittehcoins. ;D

Kittehcoin Meower (http://www.thebitcoinmaster.com/kittehcoin/index.php)

http://justlold.com/wp-content/uploads/2012/11/HBtV8cSZ_e8.jpg

Or zend Kittehcoinz to by dem!

Bumping that.
I like the idea, but the rate of one meow per 100 captchas is way too low, given the value being at the very best comparable to doges.

Faucets are meant to be used by newbies who want to try the coin, not by people trying to get extra coins. I'm not rich in meows. I can only give out 0.01 if the faucet is to last more than one hour...

Edit: I just saw some very generous donator sent many MEOWs to the faucet. The reward is now 1 MEOW! :)

0.01 wow, how greedy

Great faucet works great.
 :P :-*

MEOW donations which make the faucet overflow over 15,000 have been sent to a cold wallet.

I think there's good security on my faucets. Still, if somebody succeeds on stealing the funds, they'll only get a small % of its reserves.

Thanks to some very generous donators the reward is over 2 MEOW now! :)

Donations keep pouring in! 8)

Join the Kittehcoin crowd and get over 4 MEOWs every time you use this faucet --> Kittehcoin Meower (http://www.thebitcoinmaster.com/kittehcoin/index.php)

Out of interest, what percentage is the payout in relation to the total available funds in the faucet?

0.001% (with a minimum of 0.01 MEOW when faucet funds are under 1000). If any donator can prove they donated and would like this % to change I'd do it.

Seems a reasonable calculation. Also be handy if you could also weight it by difficulty also, so the payouts are proportional to difficulty.

Weighing the payouts by block reward and difficulty seems like a good idea. :)

It will be easy to do it by block reward: divide the reward by 2^[floor(numberofblocks/200,000)].

I've been thinking about weighing by difficulty for a while and I've found it could be easily implemented substracting from the % reward the value of an exponential function that takes the current difficulty and a difficulty reference level as arguments. Like this (for blocks #<200,001):

reward = roundto8decimals[[(faucetbalance + faucetreserves) / 100000] - [exp(currentdifficulty / referencedifficultylevel) -1]]

Now what I need is an adequate difficulty reference level. Current Kittehcoin difficulty is ~2. Using a reference level of 100 would mean the reward would get reduced by 0.02020134 now. Would that be a good choice?

I think that would be fine. In the long run it should mean the faucet won't get unfairly balanced. If difficulty keeps going up, eventually demand could potentially outstrip donations.

The client has been updated to the last version.

Now you have the option to delay the payment until you feel you've got enough Kittehcoins. Do it in order to minimize blockchain transactions. :)