no 100 you get on every 30000 block that means 1-29999 5 coins
30000 block 100 coins
30000-59999 block 5 coins
60000 100 coins and so on
I just don't understand what you are trying to say. Sorry. Do you mean that: Blocks 1-29,999 are 5 coins per block Blocks 30,000-59,999 are 100 coins per block Blocks 60,000-89,999 are 5 coins per block and so on? |
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@bitcrystal
The block reward is broken.
"blocks" : 39193,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.23945607,
"errors" : "",
"generate" : false,
"genproclimit" : 1,
"hashespersec" : 0,
"networkhashps" : 217214,
"pooledtx" : 0,
"testnet" : false
Only getting 100 coins per block.
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I do not force anyone, and do not insist. exe clean without viruses. hardly the public release should happen within the next 24 hours ^) I have my doubts in this  You really want someone to pay 1 BTC for an exe from a mewbie account? For real? |
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So is the idea that the Bank Node can be group purchased still an idea?
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They should really be burned.
I would suggest to the community that the dev be given a free masternode from the funds in escrow before the burn takes place.
This would secure the funds given as part of the node for a specific period of time (incentivising ongoing development) and provide the dev with a daily stream of coins through fees. If the developer can increase the value of the coin through his work, then his salary would increase proportionally this way.
that depends on whether that will be enough to incentivize him and pay for whatever he pays for. This project has had my eye from the start and it's nice to see he is around and working. I'd say do the ICO, it was planned to be delayed anyway. Sell 3 million in an ICO, it may help get more Master Nodes since they are so steep. Burn 1.5 million then give the dev 1.5 million. He can put a million into master nodes and have 500K to help with development. Well, the dev said a masternode will generate around 2250 bcr a day. So let's do the math. If the coin trades around 10k satoshi (which I fully expect if the dev pulls through), the dev would make .225 btc a day from fee generation alone. That's 1.575 btc/week at this level (around $400), and that's the bare minimum the node can generate. Let's say 3 months from now, the coin is trading at 100k satoshi due to a robust feature set, diverse community, and the presence of market makers. That would pay the developer $4000 a week (once again, at the minimum). If the funds in escrow are not burned, I think they would be a great tool to attract VC investors and hire additional developer talent. I like this solution because it gives the developer the ability to "give himself a raise". Just curious, So are you saying now to have the dev get a free MN (I have no problem with that) plus keep all the coins for the IPO now. EDIT: I might be getting lost between the Bank Nodes and Master Nodes. |
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@bitcreditscc
So when the MN start, what will b the payout for that? I mean will the Bank Node still get the current 11 coins per block and then another portion for the Master Node?
it starts at 25% and slowly rises ... just like DRK. you can view that in the source. Yes, that % is hardcoded and will only removed when the system is completely self sufficient. Development is both capital and labor intensive, developers seldom work for peanuts and as you can see from the attempts to have a donation system...noone really likes to fund development, even if they like the idea. There is still a lot of work to be done before I can say that banking is now completely viable. Then i'll have to start worrying about decentralized exchange, fiat trading deposit and withdrawal, mobile clients, web based banking and so many more ideas. And note, this doesn't include the colored coins research, development and implementation. If this idea fails, i'd be very depressed and everyone will look to me, that's why i am very insistent on being able to pay for work should the need arise. I say you keep a portion that was going to be used as an IPO to fund your development. |
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@bitcreditscc
So when the MN start, what will b the payout for that? I mean will the Bank Node still get the current 11 coins per block and then another portion for the Master Node?
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 Another option, more towards the bitcoin logo, but not quite the same. Can you do either logo with some colors like in the wallet? |
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Looks like everything is moving along now.
I also like the idea about the Bank running for a pre-set number of blocks.
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sp_,
Any updates soon on the cryptonight donation miner?
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Im on a android phone
Just for future reference, Team Viewer works on android phones with Windows. I use it every day. |
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Miners Pool Down?
I have just left my miners running for days and just checked it.
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Congrats dev for getting listed on the exchanges.
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Well best of luck guys. The way I see it, the dev instamined 90% of the coins which I just can't support.
no dev did not. where is your claim to prove that because i can prove he didn't. from what i know he holds around 10-20million The dev is anonymous. You have no way of proving the dev didn't instamine it. This is the internet. Looks at the block rewards, don't be dumb. cheers We already know who holds/held a majority of all the coins from that. And no it was not the dev. |
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Well best of luck guys. The way I see it, the dev instamined 90% of the coins which I just can't support.
I'll bet you he didn't. |
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* Manual wallet input/editing finished
It has been added. Have you downloaded the latest apk? If so, are you running into a bug that isn't allowing you to manually add a wallet balance?
I have downloaded the version 3 apk. When I go to tab in top right corner then Manage Coins. From there I choose manual. I can input the coin and quantity but it ask for wallet name. I type in the wallet name and it says I already have a wallet with that name. Could be just me not doing it correct. |
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It would really help if the OP contained a list of the pools.
You can't blame Super Nova for having as much hash as they do. People go there out of habit looking for pools as they usually carry many coins.
How about something like this http://poolinfo.coinmagi.orgOne page, Network hashrate, Pools with their hashrate, efficiency, last block... One quick look and you know where to point your hashes... That works also. |
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I have a background in venture capital. By far, the biggest and most common mistake new entrepreneurs make is trying to do too much too fast. They end up doing a lot of things really poorly instead of one or two really well.
Write down those ideas but give them no more energy. Pick one thing to do really well. When that is implemented and working really well, then you can begin to add additional features.
Haven't seen you in the SPR thread in a while. |
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It would really help if the OP contained a list of the pools.
You can't blame Super Nova for having as much hash as they do. People go there out of habit looking for pools as they usually carry many coins.
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