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Title: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:02:17 AM I've cashed out buddies. Not bad for 12 hours of mining. 30 BTC..........BAM! EDIT: I mean 32 BTC. Thanks for selling so low. Much appreciated. :) Here is why Solidcoin will mature much faster than 2022: Example: Say the unprofitable difficulty is at 16,000. So in 12 hours the network could reach 4,000 difficulty. With 50 GH/s it would take about 15 days to get difficulty back to 16,000 while generating approximately 14.5 * 240 blocks * 32 coins = 107,520 coins in the process. To go through the entire cycle and go back to 4,000 difficulty it could take about 15.5 days. Current coin total is ~ 599,456 coins and difficulty is 3060. So obviously with my example I am underestimating the coin output by using 16,000 as a barrier for unprofitability. So 18,900,000 - 599,456 = 18,300,544 coins left to be mined. At a rate of 107,520 coins every 15.5 days being mined it will take (18,300,544 / 107,520) * 15.5 days = 2638 days or 7.22 years. Now given that there is likely more hashing power than 50 GH/s to be put on the network let's look at the current peak hash rate of Solidcoins since inception of say approximately 250 GH/s. That would make maturity of solidcoins at 7.22 / 5 = 1.44 years. Now given that the difficulty will likely not stay high at 16,000 for very long I suspect the 1.44 years in maturity will probably be more like 6 months if the price of solidcoins takes off. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: Fletch on August 23, 2011, 10:04:58 AM And you felt this needed a new topic because?
Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:06:20 AM And you felt this needed a new topic because? Because I can... :P Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 10:21:40 AM Here is why Solidcoin will mature much faster than 2022: Example: Say the unprofitable difficulty is at 16,000. So in 12 hours the network could reach 4,000 difficulty. See that's where you're wrong! :) A difficulty 16000 down to 4000 would mean a drop off at least 400% in hashing power. This means the 12 hours would blow out to 48 hours and 3 minute blocks now become 12 minute blocks (at least). Now you see why SolidCoin is so stable ? And thanks again for selling so low. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:32:16 AM Here is why Solidcoin will mature much faster than 2022: Example: Say the unprofitable difficulty is at 16,000. So in 12 hours the network could reach 4,000 difficulty. See that's where you're wrong! :) A difficulty 16000 down to 4000 would mean a drop off at least 400% in hashing power. This means the 12 hours would blow out to 48 hours and 3 minute blocks now become 12 minute blocks (at least). Now you see why SolidCoin is so stable ? And thanks again for selling so low. Still not seeing your math dude. It takes 12 hours to bring the difficulty down by max 400%. But it can take a few weeks depending on the hashing power to get the difficulty back up. Now getting the difficulty back up is where the blocks get generated thus increasing the supply immensely. Didn't you also say there are 2 daily difficulty adjustments? Then how would 12 hours blow out to 48 hours? It is either 240 blocks or 12 hours for readjustment, not 48 hours. Or did I read your website wrong? LOL Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 10:37:41 AM It is either 240 blocks or 12 hours for readjustment, not 48 hours. Or did I read your website wrong? LOL It's ok, I can help you with the math. 240 blocks is only 12 hours when running at 3 minute blocks. If hashing power is balanced at say 1 million diff and blocks are at 3 minutes and all of a sudden hashing power drops to 250K then to readjust it's going to take 4 times longer. ie 48 hours. Hope that helps. Good luck with your future trades. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:42:37 AM It is either 240 blocks or 12 hours for readjustment, not 48 hours. Or did I read your website wrong? LOL It's ok, I can help you with the math. 240 blocks is only 12 hours when running at 3 minute blocks. If hashing power is balanced at say 1 million diff and blocks are at 3 minutes and all of a sudden hashing power drops to 250K then to readjust it's going to take 4 times longer. ie 48 hours. Hope that helps. Good luck with your future trades. Ahh I see. Thanks for the clarification. Although I still see that difficulty adjustments may take longer than you expect. Ixcoins has bout 213 blocks to readjustment and their hourly rate of block generation is 0.333 blks/hr. So they will have a 26.6 day readjustment period on 213 blocks. 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 10:46:40 AM 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D All we can do is wait and see my friend. Currently SolidCoin has the world record for block generation over a 48 hour period. Going by my calculations and from what I have learned studying the networks it's going to take someone with a few million dollars and a personal grudge to slow SolidCoin down. People were saying after 24 hours it was dead, after 48 hours it was dead, and they will keep saying it until it has been proven. I wouldn't expect otherwise. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:49:08 AM 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D All we can do is wait and see my friend. Currently SolidCoin has the world record for block generation over a 48 hour period. Going by my calculations and from what I have learned studying the networks it's going to take someone with a few million dollars and a personal grudge to slow SolidCoin down. People were saying after 24 hours it was dead, after 48 hours it was dead, and they will keep saying it until it has been proven. I wouldn't expect otherwise. OR... Market price tanks and then hashing power flees for the next month or two or three. So far so good, yes. But given that miners will likely only stay while it is profitable, you will continually need inflow of BTC to the exchanges to pump the price high enough for miners to want to mine solidcoins. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 11:13:24 AM 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D All we can do is wait and see my friend. Currently SolidCoin has the world record for block generation over a 48 hour period. Going by my calculations and from what I have learned studying the networks it's going to take someone with a few million dollars and a personal grudge to slow SolidCoin down. People were saying after 24 hours it was dead, after 48 hours it was dead, and they will keep saying it until it has been proven. I wouldn't expect otherwise. OR... Market price tanks and then hashing power flees for the next month or two or three. So far so good, yes. But given that miners will likely only stay while it is profitable, you will continually need inflow of BTC to the exchanges to pump the price high enough for miners to want to mine solidcoins. It wasn't profitable today and people were still mining. 250GH. Just because it's not profitable today doesn't mean those coins mined today won't be profitable in a day, week, two weeks or a months time. It's only people like yourself that mined early, sold very low and thought it was some pump-n-dump scam from the start that are suffering. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 12:20:46 PM 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D All we can do is wait and see my friend. Currently SolidCoin has the world record for block generation over a 48 hour period. Going by my calculations and from what I have learned studying the networks it's going to take someone with a few million dollars and a personal grudge to slow SolidCoin down. People were saying after 24 hours it was dead, after 48 hours it was dead, and they will keep saying it until it has been proven. I wouldn't expect otherwise. OR... Market price tanks and then hashing power flees for the next month or two or three. So far so good, yes. But given that miners will likely only stay while it is profitable, you will continually need inflow of BTC to the exchanges to pump the price high enough for miners to want to mine solidcoins. It wasn't profitable today and people were still mining. 250GH. Just because it's not profitable today doesn't mean those coins mined today won't be profitable in a day, week, two weeks or a months time. It's only people like yourself that mined early, sold very low and thought it was some pump-n-dump scam from the start that are suffering. You seriously need to proofread your posts prior to posting them. "Suffering"? Please, if I am suffering making 32 btc in 12 hours please put me out of my misery by sending all of your BTC to my address below. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 12:28:19 PM 240 blocks at those low rates may turn out to be longer depending on how profitable it is to mine them. Judging from the past with other block chains, solidcoins will likely have long difficulty adjustments even with 240 blocks per period. ;D All we can do is wait and see my friend. Currently SolidCoin has the world record for block generation over a 48 hour period. Going by my calculations and from what I have learned studying the networks it's going to take someone with a few million dollars and a personal grudge to slow SolidCoin down. People were saying after 24 hours it was dead, after 48 hours it was dead, and they will keep saying it until it has been proven. I wouldn't expect otherwise. OR... Market price tanks and then hashing power flees for the next month or two or three. So far so good, yes. But given that miners will likely only stay while it is profitable, you will continually need inflow of BTC to the exchanges to pump the price high enough for miners to want to mine solidcoins. It wasn't profitable today and people were still mining. 250GH. Just because it's not profitable today doesn't mean those coins mined today won't be profitable in a day, week, two weeks or a months time. It's only people like yourself that mined early, sold very low and thought it was some pump-n-dump scam from the start that are suffering. Keyword: were Now its more like 100 GH/s...see the pattern? Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: caston on August 23, 2011, 12:46:53 PM Yeah I just logged in and checked the prices and its doing very well. Sure solidcoin is not bitcoin but it's not ix/i0 coin either and some of its changes e.g. the difficulty adjustment are quite revolutionary. A lot of people have been quite critical of you Coinhunter but I just would like to express my gratitude on by far the most successful fork yet perhaps only rivaled by namecoin. I see solidcoin succeeding where others have tried and failed. I am glad I didn't sell when the other miners dumped their coins but this was good because it gave the others that missed out a chance to buy in at an early time. I could have sold and bought back cheaper but from what I have learned with bitcoin its "time in the market not how you time the market". I'm sure there will be another dump after the big miners grab their bitcoins but I might come in and grab some more solidcoins myself.
I did have some initial problems getting the Linux client going, and that may explain some the fairly small number of early adopters compared to the last two forks, but I soon had it compiled from source and up and mining with a little help from this forum and your FAQ. Overall very well done and congratulations on successful launch and I look forward to greater prosperity in the future. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 01:03:00 PM Keyword: were Now its more like 100 GH/s...see the pattern? It's closer to 180GH actually. And it's growing again due to recent price rises. I can understand why you're so bitter because you thought SolidCoin was like the other 2 (even though the available evidence easily contradicted this) and you cashed out early. But that's life man. Perhaps you can still make a buck or two buying back in, it's got a long way to go. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 23, 2011, 01:12:22 PM Yeah I just logged in and checked the prices and its doing very well. Sure solidcoin is not bitcoin No it's not bitcoin, it's technically better. The people who say it is nothing but a few "constants" changed are ignorant of the changes and what they mean. SolidCoin will get even better with the coming changes, because unlike most people involved with Bitcoin development, I've developed commercial sites which use Bitcoin and know all of it's failings. A lot of people have been quite critical of you Coinhunter but I just would like to express my gratitude on by far the most successful fork yet perhaps only rivaled by namecoin. I see solidcoin succeeding where others have tried and failed. I am glad I didn't sell when the other miners dumped their coins but this was good because it gave the others that missed out a chance to buy in at an early time. I could have sold and bought back cheaper but from what I have learned with bitcoin its "time in the market not how you time the market". I'm sure there will be another dump after the big miners grab their bitcoins but I might come in and grab some more solidcoins myself. Thanks for the compliment. :) Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: caston on August 23, 2011, 01:27:53 PM No it's not bitcoin, it's technically better. Well lets not go and nuts but I am very impressed and thank you for the opportunity solidcoin has given me. Quote Thanks for the compliment. :) You're welcome. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 08:39:01 PM Keyword: were Now its more like 100 GH/s...see the pattern? It's closer to 180GH actually. And it's growing again due to recent price rises. I can understand why you're so bitter because you thought SolidCoin was like the other 2 (even though the available evidence easily contradicted this) and you cashed out early. But that's life man. Perhaps you can still make a buck or two buying back in, it's got a long way to go. Bitter? How did you come to that conclusion? Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: Oldminer on August 23, 2011, 10:15:26 PM And thanks again for selling so low. LOL great thread. Smoothie didn't get it the first time you said this and to be honest, neither did I. But even after saying it a second time HE still doesn't get it - old Mr 'pump 'n dump' still thinks he made the right decision selling off early. But no surprise really...he's not the brightest card in the deck round here ;D LOL great thread. Time to break out the popcorn... Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 23, 2011, 10:25:25 PM And thanks again for selling so low. LOL great thread. Smoothie didn't get it the first time you said this and to be honest, neither did I. But even after saying it a second time HE still doesn't get it - old Mr 'pump 'n dump' still thinks he made the right decision selling off early. But no surprise really...he's not the brightest card in the deck round here ;D LOL great thread. Time to break out the popcorn... LOL this is coming from the guy who is invested heavily in ixcoins? How's that investment coming along now? 8) Oh and BTW i've made more BTC in one night of miningsolidcoins than you have in total ixcoins I bet. LOL Oh wait...nevermind you and Thomas are one in the same so 580k ixcoins is like 50 BTC. LAWL ;D Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 24, 2011, 12:02:42 AM You seriously need to proofread your posts prior to posting them. "Suffering"? Please, if I am suffering making 32 btc in 12 hours please put me out of my misery by sending all of your BTC to my address below. Yes you are suffering because you could have had nearly 150 BTC at current rates instead of 32 BTC, and if you sold at the current peak, nearly 300 BTC. That's a lot of coin right there you have given up to someone else, it's just funny you were so proud about it the other day and now you're bitter about it posting negative threads/posts and whatnot. It's a good feeling though that you have helped someone else attain more wealth isn't it? You should be feeling good about it like I am. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: Oldminer on August 24, 2011, 12:18:44 AM You seriously need to proofread your posts prior to posting them. "Suffering"? Please, if I am suffering making 32 btc in 12 hours please put me out of my misery by sending all of your BTC to my address below. Yes you are suffering because you could have had nearly 150 BTC at current rates instead of 32 BTC, and if you sold at the current peak, nearly 300 BTC. That's a lot of coin right there you have given up to someone else, it's just funny you were so proud about it the other day and now you're bitter about it posting negative threads/posts and whatnot. It's a good feeling though that you have helped someone else attain more wealth isn't it? You should be feeling good about it like I am. Nice pickup Coinhunter... ;) Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 24, 2011, 12:29:51 AM You seriously need to proofread your posts prior to posting them. "Suffering"? Please, if I am suffering making 32 btc in 12 hours please put me out of my misery by sending all of your BTC to my address below. Yes you are suffering because you could have had nearly 150 BTC at current rates instead of 32 BTC, and if you sold at the current peak, nearly 300 BTC. That's a lot of coin right there you have given up to someone else, it's just funny you were so proud about it the other day and now you're bitter about it posting negative threads/posts and whatnot. It's a good feeling though that you have helped someone else attain more wealth isn't it? You should be feeling good about it like I am. You obviously are trying to put words in my mouth by say that I am "suffering" because I could have, would have, should have... I made profit and that still puts me on the winning side of the trade. You obviously missed the comment I made where I complimented you for making decent changes in solidcoin unlike ixcoin. Funny thing is you did not even take notice to where I was giving you kudos. Instead you are responding in a presumptuous manner that says you think you know what I am thinking and feeling which is why you make such absurd claims about me "suffering". LOL Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 24, 2011, 12:33:07 AM You seriously need to proofread your posts prior to posting them. "Suffering"? Please, if I am suffering making 32 btc in 12 hours please put me out of my misery by sending all of your BTC to my address below. Yes you are suffering because you could have had nearly 150 BTC at current rates instead of 32 BTC, and if you sold at the current peak, nearly 300 BTC. That's a lot of coin right there you have given up to someone else, it's just funny you were so proud about it the other day and now you're bitter about it posting negative threads/posts and whatnot. It's a good feeling though that you have helped someone else attain more wealth isn't it? You should be feeling good about it like I am. Nice pickup Coinhunter... ;) Obviously you are really quiet about my other comment asking you how your ixcoin investment is going. Yeah hush hush don't tell anyone that you unloaded a large amount of BTC to buy ixcoins and now the market value is in the toilet. Yo coinhunter! If anyone is suffering right now it's OLDMINER and THOMAS NASAKIOTO who praise and promote ixcoins! LOL Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: CoinHunter on August 24, 2011, 01:04:03 AM You obviously missed the comment I made where I complimented you for making decent changes in solidcoin unlike ixcoin. Funny thing is you did not even take notice to where I was giving you kudos. Instead you are responding in a presumptuous manner that says you think you know what I am thinking and feeling which is why you make such absurd claims about me "suffering". LOL Naw I didn't miss it. :) I'm just having a bit of fun with you is all, because of your mindset that it was a pump-n-dump scam. If you can't see how you made an error before and that there is some humour in that then meh. :) Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 24, 2011, 01:07:12 AM You obviously missed the comment I made where I complimented you for making decent changes in solidcoin unlike ixcoin. Funny thing is you did not even take notice to where I was giving you kudos. Instead you are responding in a presumptuous manner that says you think you know what I am thinking and feeling which is why you make such absurd claims about me "suffering". LOL Naw I didn't miss it. :) I'm just having a bit of fun with you is all, because of your mindset that it was a pump-n-dump scam. If you can't see how you made an error before and that there is some humour in that then meh. :) Please tell me when I ever indicated it was a pump-n-dump scam. Send me a link please. ::) Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: Nasakioto on August 24, 2011, 11:26:15 PM Don't bother CoinHunter, Smoothie is a self-confessed scammer (https://ixcoin.org/forum/index.php?topic=52.msg369#msg369).
Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: smoothie on August 25, 2011, 01:01:36 AM Don't bother CoinHunter, Smoothie is a self-confessed scammer (https://ixcoin.org/forum/index.php?topic=52.msg369#msg369). LOL and the trolling begins with the ixcoin founder. Just like oldminer. You guys should be butt-buddies seriously. Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: jackjack on August 25, 2011, 09:51:19 PM Don't bother CoinHunter, Smoothie is a self-confessed scammer (https://ixcoin.org/forum/index.php?topic=52.msg369#msg369). LOL and the trolling begins with the ixcoin founder. Just like oldminer. You guys should be butt-buddies seriously. How can one be butt-buddy with himself? ??? Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: Oldminer on August 25, 2011, 09:56:59 PM Don't bother CoinHunter, Smoothie is a self-confessed scammer (https://ixcoin.org/forum/index.php?topic=52.msg369#msg369). LOL and the trolling begins with the ixcoin founder. Just like oldminer. You guys should be butt-buddies seriously. How can one be butt-buddy with himself? ??? Sharp as a bowling ball Title: Re: Solidcoin's Coin Maximum to be Reached within 6 mo. to 2 yr. Post by: sharky112065 on August 26, 2011, 08:40:24 AM Don't bother CoinHunter, Smoothie is a self-confessed scammer (https://ixcoin.org/forum/index.php?topic=52.msg369#msg369). LOL and the trolling begins with the ixcoin founder. Just like oldminer. You guys should be butt-buddies seriously. Wait... What? They are not? |