Changing the halving doesn't give anyone more of an advantage with mining than anyone else.  It actually creates a fairer distribution of coins over time.  Additionally, if we aren't talking about "a better way" or "a greater good", then why are we working on AUR, and not just pumping up BTC?  If BTC is does things right, then why try to compete with that?

Evening out the halving schedule doesn't change the supply, nor does it centralize the power of control to the deciding few.  If anything, it broadens the base of wealth and creates a fairer distribution.  It also eases the fluctuations in price caused by halving over the next *nth degree of years.  Sure... acceptance is going to create a skyrocket price increase... but what about 2 years from now when we hit the next halving?  Are we saying that in 2 years, we won't want the price and chain to be as smooth as possible, or are we hoping for a rollercoaster coin that we make day trades on?

The only argument I've heard so far for leaving it as-is is because BTC did it that way, and Satoshi knows best.  The only other reason I could think of is because it's more complicated code.  This can't be an issue with the fact that we're pushing a pretty large update to the wallets soon that will have a change far greater than changing the halving schedule.

I'm still waiting for someone to tell my why it is financially or technically more beneficial to have hard halving schedules rather than gradual block reductions that match the mining timeline.  Sell me on why it's better to leave it as is.

-Fuse

Correct.  If the price doesn't go up, the miners would jump ship, and the difficulty would fall, essentially creating price/reward equilibrium.  The first halving of BTC was an interesting time, because you saw a shift in mining technology.  I'm pretty sure it's safe to assume that everyone who was mining BTC with GPUs(myself included) before the halving pretty much stopped in the following months when the price was stable.  But the price jumped like 15x shortly after that, and then ASICs hit chain.  So it was a really interesting time for BTC market dynamics.  However, this summer should be a true indication of the effect the halving schedule has on market dynamics.  Even if the increase is gradual, it will be very sharp when looked at from a longer timeline.  Yes, month to month it's not going to look crazy, but over a 3-6 month span I'm almost guaranteeing that you will see a considerable increase in price following the halving.  I don't think you'll see enough of a decrease in mining to equalize the price/reward ratio.  Time will tell though which way it will go.

But either way it goes, it's still disruptive.  Sharp increases or decreases in price or hashrate aren't ideal, especially when we're talking about a daily use coin.  I personally want to see things run as smoothly as possible for the foreseeable future.

I'm not an economist like some of the folks in the team or in this thread. I would think though that a gradual decrease in the inflationary rate would be better than hard halvings.  I'd love to know why it wouldn't.  The only reason I could see BTC using a hard halving is because it was easy to code and it was simple.  That can't be the only reason why coins continue to follow the halving model started by BTC.  If AUR is going to be the model for how a country coin replaces the fiat currency, lets get really serious about how the currency is modeled, and not just because BTC did it that way.

-Fuse

With Bitcoin, market prices will need to increase after the halving to keep mining ROI intact.  The big mining farms won't sit around and mine at half the profitability.  The correlation between halving and price might not be 100% connected, but there is a strong influence on price when the market is as big as BTC.  I've also seen coins try to manipulate halving schedules to increase price, only to see huge decreases in price because it was a stupid idea(never try to manipulate coin price through blockchain mechanics).  In 2012/2013 also had the momentum of BLF ASICs coming onboard too.  Between the halving and the rush for ASICs, it was a crazy time for BTC price.  They even made commemorative coins for "halving day".

I'm not going to say that AUR will double(or more) in price when a halving occurs, but when we're trying to create a stable blockchain and market price, we're not doing ourselves any favors with a hard halving.  In a few months, we'll be able to witness it again with BTC.  It's not going to happen overnight, but I'm extremely confident in the fact that with S7s still selling, miners won't take a 50% on mining rewards for very long.  They'll drive the price up to match original ROI.

AUR doesn't need big swings like that when it's trying to be a stable, everyday use coin.  Just my $0.02.

-Fuse

I think that's the biggest point I'm trying to get across- stability in price.  To be honest, I think you'll see the price shake-up this summer when BTC halves again.  It has to reflect the halving or else the miners will abandon the chain.  When bitcoin halved in Nov 2012, it went from ~ $14 to $200+ in a matter of a couple months.  It's like saying gold is going to go from $1100 an ounce to $15k an ounce in a couple weeks.  That's not stability, that's just crazy.

On the back-end, a gradual decrease over time would ease miners into reduced block rewards, and it would eliminate the halving price shock I've seen firsthand with other coins.  On the front-side the supply would be more evenly distributed over time, rather than everyone who got in before the halving being the big block bag holders.

-Fuse

A smoothing is all I am proposing.  Some members of the team think it should remain as a rigid halving schedule, so there is a lot of discussion to be had before we reach any kind of decision.  In no way, shape, or form am I talking about a change in total supply.  We'd love to hear everyone's thoughts on block halving schedules.

In my mind, the rewards would halve over the same timeframe, but with a cumulative percentage decrease over time so that there weren't "hard" halvings.  I've seen quite a few coins that do this successfully, and in the long run, it keeps the price relatively stable over time.  Bitcoin will halve this summer, and it will be a good demonstration of how a hard halving makes things a little crazy for a daily use coin.  There are a lot of articles related out right now that are warning against the effects of the halving this summer.  Not that it can be avoided, but it's going to be disruptive.

I think the more secure and smooth we can make the AUR blockchain, the better.  Part of that is trying to keep the price from going crazy with daily fluctuations, or even 100-500% increases due to halving.

-Fuse

There are 220k blocks until the next coded change, right?  So there is a lot of time to discuss this.  That's why I said it probably wouldn't make it into the next release.  We haven't even formalized proposed options yet.  I can assure you that we will consult with the economic majority though.

The change wouldn't be a drastic change in the scheduling or block rewards.  I think if anything, we would move from a set halving schedule to a more gradual percentage reduction that would match the block reward timeline.  I think anyone would agree that the halving mechanism is disruptive to crypto economies.  A drastic 24-hour change in block rewards and coin prices isn't ideal... especially when the goal is everyday use.

I will say this, though- the next update will require a hard fork.  It's a big update.

-Fuse

We will be reworking the block reduction schedule in a future wallet update.  I'm not sure if it will make it in to the next wallet release, but we've got a lot of time to sort out the details before the next legacy halving.

-Fuse

If you're talking about the personal wallet, just encrypt it and it won't stake.

On the TagMining wallet, I set the reservebalance to 10000 in the conf file.  I don't know if it worked or not because I never hold a mature enough balance in the wallet.  Everything gets paid out when it confirms, and the pool fee hits another wallet.  At any given time there is maybe 5-10 TAG sitting on the server, but it never hits the 30 days needed to stake.  On average, confirmed coins live on the server for around 10 minutes.

Not sure if you are, but if you're running MPOS on the backend, you can manually edit the pool DB to process payments on accounts that haven't scheduled a payout, or their balance hasn't reached their desired payout in 30 days.  That would force the coins out of the pool before they hit the staking age.  If you're running UNOMP or NOMP on the backend, you just need to tweak your payout settings for the pool to be as fast as your server resources can handle.  PM me if you need help with anything.

-Fuse

NOMP is the backend/frontend software that Tagmining runs on.  There are a few pool software apps, including MPOS and UNOMP... and back in the day there was the original mmcFE.  These are the software packages that essentially make the pool server a pool.  There are other pool software packages for SHA256 coins as well, but they aren't normally modified for scrypt.  Usually it's UNOMP, or its predecessors NOMP and MPOS.

-Fuse

Our friend adam failed to mention that there are some official resources for users, including the official forum, with a predominantly Icelandic user base.  There is also an official Facebook page, and a twitter accounts that has a majority of the followers originating from Iceland.  The twitter link is not listed in the OP, but it can be found at https://twitter.com/OfficialAUR.


-Fuse

I think some of the volume is being traded on the ISK/AUR exchange now.  There was a large increase in trading there in the last couple days and a 10% increase in trading price.

-Fuse

Monetize my facebook experience?  What content, what creators?  It feels like a lot of buzzwords there that equate to nothing but you banking the remainder of the coins.

Does it matter if I trust you or not?  You've been pretty sketchy this whole time.  It does matter that you speak for Auroracoin like you have some position of authority.  You answered the question about the crypto book without hesitation, and then promptly noted that it was something "we could sell".  You can't even stick to one shill account.  Your other account was labeled "official AUR spokesperson".  What's to say you aren't going to swindle people under the guise of an AUR team member?

Does it matter if I trust you?  No... it doesn't.  That's where we'll leave it.

-Fuse

Considering the ISK/AUR exchange has been trading higher than any AUR/BTC exchange, I don't see how the BTC price is relevant.  The bitcoin prices haven't affected AUR at all in the last few months.  Iceland are having a great opportunity to arbitrage right now, and you're still playing the BTC/AUR/USD game.



I apologize.  It's difficult keeping your identity straight when you change your accounts like underwear.  In the end though, your(sorry, your "friend's") site promotes passive wealth through cryptocurrency trading.  It's just another get rich crypto parasite scheme masked behind the guise of trying to help the coin.  You're just leeching off AUR to earn a quick buck.  I don't trust your intentions.  Some of the other team members might, but I'm probably the most skeptical of the team.

You still haven't answered the question of what you were going to do with the remaining 1400AUR that was given to you for that hippy camp out that was so beneficial to AUR.  Or is that the passive income system you work on?  You say you're going to promote something and you pocket 80% of the money donated to the project.  You know what, don't answer that.  I'm pretty sure I already know the answer.

-Fuse

AdamOdinHarounKolaBaldur, what does this have to do with AUR?

-Fuse

umm... too many accounts to keep track of?

-Fuse

I have been in PM with both Avalon and Jelin about their issues.  I think a lot of it is misunderstanding on how the pool, and mining in general on a NOMP pool, works.

Let me explain this process for anyone looking for mining payments:

Tagmining pays out on a minimum 1TAG payout, regardless of how long you mined.  It's about what you make.  So if you are mining at 1/10th of a percent of total pool hashrate, it is going to take a long time for you to reach that 1TAG minimum payout.  The pool has been running at around 2-4GH day to day now.  Bringing a gpu miner to the pool is probably going to lose you money in the long run.

As Techbytes mentioned as well, you get paid on confirmed blocks.  Blocks are credited when they hit 120 confirmed blocks.

So if you're not bringing consistent, high amounts hashrate to the pool, you're not going to have the winner-winner-chicken-dinner payouts that you're looking for.  They will be slow and they will be small.  If you're looking for a larger payout, you'd be better off mining on a pool with 10-20% of the total network hashrate.  This would mean that your proportional payouts are larger, but they will be a little more spread out due to the block finding rate.

I hope that helps a little for anyone who's wondering what's going on with their payouts.  The pool has run for a very long time, and there has been little to no issues in the last 6-7 months, so I'm pretty sure it's just a waiting game for people saying they are missing payouts.

-Fuse

Dabs, check your PM.  Just replied.


FYI

Tagmining had an issue with a resource monitoring app I have installed, so I had to restart the server to get it running again.  It shouldn't have affected any payouts or anything, but it stopped connections to miners for about 3 minutes.

-Fuse

I run tagmining.  Hit me up in PM and let me know what's going on.

-Fuse

EDIT:  There is currently a new mint value of 621 TAG on the server, with 23 pending blocks.  The payouts are up to date, and there aren't any errors in the logs on the server regarding payouts.  If you can provide a payout address in PM, I can investigate further.  From what I'm seeing right now though, everything is working fine.

Additionally, NOMP servers aren't MPOS or UNOMP.  They are no frills mining pools that just run.  You put a miner on it and walk away.  So things like historical data and charting that typically requires additional overhead to maintain aren't included.  Tagmining used to be MPOS, but it was just more efficient to use NOMP.

^This.

Like I said earlier, the coin specifics don't even work for a global adoption plan.  We would need to rethink that all again if we were even thinking about pushing it out of country.  I'm pretty sure that's not what our original goal was, or even Balduro's original goal.

Yes, enthusiasm is great, but is it misplaced?  Again, this is the line between asset and liability.

At this point, I'm going to say that we just disagree on the goal for AUR and move on.

-Fuse

Can I ask you why AUR over any other coin?  Is there a large Icelandic population where you are?  Why not BTC?  Or LTC?  Or any other coin who's purpose is international adoption?

At this point I feel like you don't care what we say the goal for AUR is.

Here's an even better question- do you respect the plans for the foundation and dev team's plan for working towards a financial solution for the Icelandic people, in Iceland?

-Fuse