[ANN][TKT] Ticketcoin - New Lottery Mining - X11 - NINJA - No ICO 0.5% premine

[GreenDefender]

from OP:

'Max PoW Coins: ~2,520,000 TKT
PoS Starts on Block 10080, about 7 days of PoW mining''

until now were created 2,730,100 TKT - at first day !?

[adaseb]

from OP:

'Max PoW Coins: ~2,520,000 TKT
PoS Starts on Block 10080, about 7 days of PoW mining''

until now were created 2,730,100 TKT - at first day !?

Are those coins valid though or invalid? Because it looks like many pools have solved the 25,000 blocks but later on they don't mature.

No idea what is the true supply.

[Houndirno]

anonymous    43 lucky blocks    1,075,000

he already have a shitload =) 1M to dump on ur face ^^

you should look into shares not blocks.

with 15 gh , i think he is grabbing near 24000 per blocks =)

18k because another guy hashing with 5 gh

Well the coin is currently valued only at 100 sats.


With the average diff of 50 and block reward of 250, it only makes 0.10BTC/GH/Day and the rental for X11 is 0.30BTC/GH/Day.

So somebody who got the lucky block earlier had to dump a huge load and ruined the price for everybody.

That is what happens when you give someone a big lump some straight away

[TillKoeln]

if you get bored while wasting electricity

take a look on [CGN] 

https://www.cryptopia.co.nz/MineShaft?pool=CGN



http://coinmarketcap.com/currencies/kolschcoin/#markets
https://yobit.net/en/trade/CGN/BTC | 1.2Btc Trading Volume
https://www.cryptopia.co.nz/Exchange?id=1700 |0.88BTC Trading Volume
https://cryptotrade.exchange/trade/CGN/BTC  |----------
https://www.cryptopia.co.nz/BlockExplorer?coin=CGN
https://twitter.com/KolschCoin
https://bitcointalk.org/index.php?topic=1019421.msg11039474

[ticketcoin]

This is just speculation on my part but:

With most of the hashrate being on the lucky pools the diff has to go very low in order to sustain the desired block finding rate which means that way more than 1 out of 50 blocks are lucky blocks.

I thought of this. If most people are mining on lottopools then if you switch to a normal pool with the lowered difficulty then this pool will find blocks 49 times faster and it'll balance out.

Also sorry for the mistake it's not Max PoW coins, it's the approximate max without accounting for lottomining. Clearly the supply will be a bit more with this many people lottomining

[ihascryptos]

ya the lotto pool kinda fucked everyone on coin price.  too bad.  moving on to the next coin.

[MantaMine]

Good chance to increase your stakes here before the lotto POS goes in effect.  This is something innovative we've not seen before - nice work dev!!!

[sly5am]

lol no block explorer and double the coins that should exist.. meh.

[ticketcoin]

lol no block explorer and double the coins that should exist.. meh.

I'm using cryptobe for block explorer hosting and they've assured me it will be up and running in 24 hours. Even though the luck of miners on lotto pools is much greater than I expected this does not compromise the protocol and once PoS is active the large coin increase won't be happening anymore.

[proletariat]

lol no block explorer and double the coins that should exist.. meh.

I'm using cryptobe for block explorer hosting and they've assured me it will be up and running in 24 hours. Even though the luck of miners on lotto pools is much greater than I expected this does not compromise the protocol and once PoS is active the large coin increase won't be happening anymore.

coin count doesn't matter anyhow. I never got how people are sold on "rarity" like sync or 42 and i think there's ONE coin or some stupid stuff like that. People should look at current and potential market cap not coin supply.


EDIT: Also on a brighter note.... The premine percentage is shrinking  sorry dev 

[ZaZ59]

Hi,

Ticketcoin listed on www.altcoinprofitability.com

Best regards

 

[wurstgelee]

lol no block explorer and double the coins that should exist.. meh.

I'm using cryptobe for block explorer hosting and they've assured me it will be up and running in 24 hours. Even though the luck of miners on lotto pools is much greater than I expected this does not compromise the protocol and once PoS is active the large coin increase won't be happening anymore.

It would probably have been better to not simply reject 49 out of 50  blocks for the lotto system but to accept those rejects with a extremely low or zero block reward instead.

[Houndirno]

lol no block explorer and double the coins that should exist.. meh.

I'm using cryptobe for block explorer hosting and they've assured me it will be up and running in 24 hours. Even though the luck of miners on lotto pools is much greater than I expected this does not compromise the protocol and once PoS is active the large coin increase won't be happening anymore.

It would probably have been better to not simply reject 49 out of 50  blocks for the lotto system but to accept those rejects with a extremely low or zero block reward instead.

It would've been better if there was sell limits

[adidas]

Block explorer?
How much new coins per day?

[dogetime]

The lottery idea is a really interesting concept, will watch this one

[animalroam]

Block explorer is live at http://cryptobe.com/chain/TicketCoin.

[wurstgelee]

So the supply after PoW will be ~25m - not 2.5m.  

Still not too bad.

[adidas]

Will be POS lottery too?

[totoy]

Will be POS lottery too?

Code:

Lottomining also applies to PoS to yield higher interest at the risk of finding less blocks and thus less TKT.

[ticketcoin]

There is now a block explorer located at cryptobe. You can now use this to audit the blockchain and to check on transactions.

If you have not tweeted or contacted Bittrex about Ticketcoin, please do. You can tweet them xchange or email them to request Ticketcoin to be added support@bittrex.com. I know they'll add Ticketcoin eventually, but I have a few people really wanting me to start a campaign to get Bittrex on board.