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I like the cut of your jib but I must confess I find your choice to use the ticker "EDGE" instead of "HEDGE" to be a bit odd, considering the first edgecoin was an ipo scam and the second was released just a few days ago and is still mining.
I am unaware of that matter. The first choice was "HEDGE", but that gives a 5 letter ticker. This might cause issues on older platforms/exchanges/pools/.... So i went to the 4 letter EDGE. I might update it to "HEDG" if the community asks for it. |
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Reminder: DGW Darkcoins Gravity Wave kicking in at block 140
Info: First 25 EDGE tip has been donated!
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Hi,
Wondering what will be the price of Hedge in it's start. Some people say that 0.001 btc is good for the beginning.
My second question is about the mining. How long will be that? 5 years?
All those questions are out of my range. Exchange price are not my priority. It might be 0.001, it might be 0.0000001. I dont really care. I dont want HedgeCoin to be compared to $$$$. The coin has it's own purposes that you will discover once the HedgeFund is online. Mining duration depends on the reward system. Roughly 33m coins will be mined. I HOPE we can mine it for at least 5 years to come. |
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So let me get this straight.
About 25k got mined in the first few blocks.
Current reward is around ~2
So renting a rig for this coin is far from profitable since the amount of coins released overpowers the amount of coins mineable right?
Conclusion; People will stop rentig rigs, and mine this one with the cpu/gpu if i got this right?
That is the purpose yes. Those early blocks prevent the exchange prices to rise to a level where mining because profitable using rented rigs. Since their are enough coins available, the current reward will never get high enough at an exchange to cover the ~2 rewards/block vs rental price. All these steps and details are explained in the whitepaper that will be online in the next days to come. |
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What plans are there for other exchanges like trex and cryptsy?
Exchanges are the least of my concerns. In my opinion, having exchanges to soon is only good to kill your coin. So if any exchange wants to list HedgeCoin, fine. But i won't be asking them to list it. This coin has other and more purposes then to dump/sell against BTC. |
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what is the max coin supply
~33.000.000 but a loooooong way from mining the entire supply  so its gonna be a loooong mine with a high cost n 33m coin supply, better wait for a bigger reward i guess Rewards are variable. Only before block 7000 is the max reward 500 So yes, you could wait. But the max reward will be way lower on higher blocks, while the min reward will be 15. It's about making your own decisions. |
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what is the max coin supply
~33.000.000 but a loooooong way from mining the entire supply |
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No problem. For the record, the fluctuating rewards are what interested me
Yes, i know you and your work. I already figured out that you like such coins/codes I do, I love different things. Half the stuff I have released people say it stupid, but now look at all the copies. High staking, staking on Pi's.. who do you think started all of this? Anyway, just don't disappoint me and bounce after you dump ;p Build some volume on these markets so we can move you guys to BTC and LTC right away No man, You invented crypto!!!!!! Aaannnd heeeeres satoshi!!!!!!! ^^^^^^^^^^^^^^^^^^^^ All heil iGotSpots! And to say he likes my coin. Eat that fudders  |
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Block explorer?
Not yet. I have several people offering to make one. Block explorer will be online soon  Meanwhile you can use the rpc functions if needed |
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Rewards for block 74-83 went back up again.
It's absolutely based on network difficulty, so keep on mining, you might hit some higher reward blocks.
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No problem. For the record, the fluctuating rewards are what interested me
Yes, i know you and your work. I already figured out that you like such coins/codes 120 sec block, reward per block 1 or 2 coins. Max coin 33M, that's why no one mining... Cos the will need lifetime to mine 100 coins
No, nobody is mining because we are used on getting 1/2 day PoW super charged coins made for pumping and dumping. Persistence is the key. Slow growth is what makes a coin more wanted and valuable. This coin is made for years to come, not to pump-dump in a 14 day time span. |
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Added to OP, thank you Spots. |
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I take bounty for block explorer and rich list. you will be lucky the dev is sitting on thousands, its going to be a while beofre thats released, about 2 year i figure About 44h will be more accurate to get to block 2000. Are you becoming my fixed topic FUDDER? If so, i'll offer you a bounty to FUD even harder! |
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Look like MaruCoin.
But with 2% premined.
MaruCoin had a 2.5% forced donation. That makes it a 2.5% premined coin. Wait for the HedgeFund whitepaper to apear before judging the premine please. Address is public, so everybody can check it at anytime. |
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Limited hashrate. Finally a nice coin  It's like minerals. Yes. Until block 2000 the minimum reward is 1 EDGE depending on difficulty. nSubsidy = (2222.0 / (pow((dDiff+1.0),2.0)));
if (nSubsidy > 500) nSubsidy = 500;
if (nSubsidy < 1) nSubsidy = 1; The maximum was 500. Be glad we putted minimum EDGE to 1 instead of letting it drop to almost nothing The faster block 2000 is reached, the faster everybody will profit from bigger rewards. Mining like it once was... and your 50 x 500 blocks ? I did not participate in the mining. Those 50 blocks passed by while i was updating and replying this topic. Be sure to be there on block 2000 before missing our the bigger rewards again. When solo mining the test chain, every block up to 850 gave me a 500 rewards. Reward is totaly dependend on network difficulty and nobody can forecast the amount of hashrate throwed at a coin. If nobody mined it, you could have gotten 500 block rewards to. If fewer hashrate was throwed, it might have kept on going up to block 500 on high rewards. But, it's totaly random thus fair. |
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Limited hashrate. Finally a nice coin It's like minerals. Yes. Until block 2000 the minimum reward is 1 EDGE depending on difficulty. nSubsidy = (2222.0 / (pow((dDiff+1.0),2.0)));
if (nSubsidy > 500) nSubsidy = 500;
if (nSubsidy < 1) nSubsidy = 1; The maximum was 500. Be glad we putted minimum EDGE to 1 instead of letting it drop to almost nothing The faster block 2000 is reached, the faster everybody will profit from bigger rewards. Mining like it once was... |
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I think this coin should be restarted.
That would make 0 difference to the algorithm. We could restart it 50x and more, block reward is based on difficulty and difficulty is based on hashrate. No pain no gain. If you cant handle to mine this coin, then leave  No pain no gain. If you cant handle to mine this coin, then leave  Nice work Dev, real smooth operator.  25 EDGE bonus for that one! Yes. I will leave this shit coin
10 EDGE gift for your loss in time |
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I think this coin should be restarted.
That would make 0 difference to the algorithm. We could restart it 50x and more, block reward is based on difficulty and difficulty is based on hashrate. No pain no gain. If you cant handle to mine this coin, then leave |
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GOTTA GO FAST  25 EDGE reward for that one! Makes me wonder if people are still used to mining real coins? |
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It looks like something is wrong with the rewards
To much hashrate at once, making rewards drop like crazy. That was the whole incentive of the code. Kimoto's Gravity Well + Darkcoins Gravity Wave + diff dependant block rewards. Keep on mining, rewards will get back up again. if(nHeight == 1) {nSubsidy = 660000;} // 2% premine
else if(nHeight >= 2000) {
if((nHeight >= 7000 && dDiff > 75) || nHeight >= 15000) { // GPU/ASIC difficulty calc
// 2222222/(((x+2600)/9)^2)
nSubsidy = (44444444.0 / (pow((dDiff+2600.0)/9.0,2.0)));
if (nSubsidy > 25) nSubsidy = 55;
if (nSubsidy < 5) nSubsidy = 15;
} else { // CPU mining calc
nSubsidy = (22222.0 / (pow((dDiff+51.0)/6.0,2.0)));
if (nSubsidy > 500) nSubsidy = 500;
if (nSubsidy < 25) nSubsidy = 25;
}
} else {
[b]nSubsidy = (2222.0 / (pow((dDiff+1.0),2.0)));[/b] <- NOW
if (nSubsidy > 500) nSubsidy = 500;
if (nSubsidy < 1) nSubsidy = 1;
}People, this is a real coin with a real algorithm, not some 2day PoW shit coin.
THE BLOCK REWARDS ARE DEPENDANT ON THE DIFFICULTY |
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