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Author Topic: 🚀🚀🚀🚀 | GorillaBucks | Custom Multipool LIVE | Social Media Network | 💵🐵💵  (Read 133075 times)
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iGotSpots
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May 13, 2015, 02:22:19 AM
Last edit: August 04, 2015, 10:46:18 PM by iGotSpots
 #1






What does this do?
GorillaBucks (BUCKS) can no longer be directly mined. The Proof of Work for the coins that were merged into BUCKS was very fair, successful, and well distributed. In an effort to further safeguard the blockchain and ensure faster, more secure transfers, GorillaBucks evolved into the blockchain we have now, which features Encrypted Messaging, Stealth Addresses, GorillaBand Masternodes, and Advanced Coin Control! This is now the only place in the world you can point your miners to earn BUCKS! Now you can choose from four different mining algorithms!

Our custom algorithm for calculating the most profitable coin to mine at live rates ensures our miners get the most for their hashes. By selecting the most profitable coin to mine and automatically switching between them, we are able to make trades with mined coins, buy GorillaBucks, and make payments directly to the your coin wallet address used once per day. This creates automated buying pressure on the live market, resulting in upward price trend creating a mathematical impossibility to go down!


Is this for real?
Altcoin markets are driven by supply and demand. Our objective with this multipool is to create consistent demand on markets for the payout coin. This is accomplished by a variety of methods which we are constantly working to improve. We select the most profitable altcoins using a sophisticated algorithm and use the proceeds to buy the payout coin on the market, creating buy pressure and driving the price higher. Leverage automated trading practices that maximize profits of the hash we receive resulting in more coin paid out to miners


How will I get paid for mining?
We make trades with mined coins, buy GorillaBucks, and make payments directly to the your coin wallet address used several times per day. Details of your shares, hashrate and transaction history are provided on your miner page which also includes profitability estimates based on current market prices. Try us for a few days and you'll see how well it works!



NOTES FOR LAUNCH





Variance Staking Explained
Now that we've all had a few days to get used to the new blockchain and wallet, there have been a few questions to how much people will stake on their deposits. While the changes are not over-the-top complicated, they do change the basic fundamentals of how rewards are calculated. I wanted to take a few minutes to explain exactly what Variance Staking means

First, I'll just copy the code from Github, which makes it pretty self explanatory when you see it singled out. Please note there are a few extra spaces that are not on Github, only because it was making emoticons with them on the forums. With that being said, let's get into it

Code:
int64_t GetProofOfStakeReward(int nHeight, int64_t nCoinAge, int64_t nFees)
{
    int64_t nMultiplier = 100 * CENT;
    int64_t nSubsidy = (((nHeight % 9) + ((nCoinAge % 100000) * 33 / (365 * 33 + 8 ))) + 1) * nMultiplier;
return nSubsidy;
}

nMultiplier is simply used as a tweaking dial that can be turned up or down as needed to control inflation. Using 100 * CENT just gives us full coins, rather than decimals. The main reason is just so this is here later to change if needed, it really serves no purpose other than to do calculations in full coins

The line we are going to look at and break down is this:

int64_t nSubsidy = (((nHeight % 9) + ((nCoinAge % 100000) * 33 / (365 * 33 + 8 ))) + 1) * nMultiplier;

nSubsidy is the final reward that will be passed later on. nHeight is block number and nCoinAge is obvious

nHeight % 9 will take the block number, divide it by 9 and return the remainder as the value
This number will always be between 0 and 9 (the base rewards we have been seeing so far)

nCoinage % 100000 will allow a maximum coinage of 100,000 to be used, which is then run through 33 / (365 * 33 + 8), to scale it down further and prevent compounding inflation

The final +1 is there for one simple reason.. while doing test runs this problem never came up, but I noticed that it could potentially in the future.. If that last +1 was not there, as unlikely as it is, we could have run into a 'divide by zero' issue while calculating or splitting rewards, so that is just a failsafe to ensure we never return 0 as the value (this was originaly was nHeight calculation is in, but was later replaced. nHeight is only used now to fluctuate rewards for deposits that are not large enough to be scaled by coinage)

Last, as explained above, nMultiplier is only used to turn the final result into a full number, rather than a long reward amount with a staggering amount of decimal places

Hopefully this will clear up a bit on what you can expect both now and for the future as far as staking and GorillaBand rewards. The later in the life of the coin we get, with higher coinage, the faster GorillaBands will pay themselves off. At current rates for now, you are doubling your coins in less than a month




















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May 13, 2015, 02:25:23 AM
 #2

Sweet, 1 home for everything! nice
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May 13, 2015, 02:26:01 AM
 #3

new Home Smiley
yay yay yay

keep on wallet and stake to long term

===Sempak===
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May 13, 2015, 02:26:08 AM
 #4

Great idea putting it all together in 1 place. It's hard jumping threads with so many plantforms to keep up on.

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May 13, 2015, 02:26:16 AM
 #5

proud TEETH and MMXIV holder right here  Cool

PIVX - D8SPCieSeLi1uGRJvDurRSYyrfxQefwdaN
DigitalPrice "DP" UQhRdsuwvptFosjrVZf3L8hRmuzFMGzDoX
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May 13, 2015, 02:30:10 AM
 #6

Spots, is the Gorilla bucks wallet link above 4.0.2.0 or is it still the old one?
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May 13, 2015, 02:31:18 AM
 #7

Spots, is the Gorilla bucks wallet link above 4.0.2.0 or is it still the old one?

BUCKS 4.0.2 is updated on Github, but the wallet links are not ready yet. It will have 402 in the URL when it is built

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May 13, 2015, 02:32:58 AM
 #8

with 60,000 coins staking, doesnt that mean that only 50,000 are out and trade-able... wow...
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May 13, 2015, 02:35:25 AM
 #9

with 60,000 coins staking, doesnt that mean that only 50,000 are out and trade-able... wow...

Less than 4000 TEETH are currently for sale at any price on Bittrex. You are talking about just the current network stake weight, not total number of coins

https://twitter.com/PurePoS/status/597997490458198016

If you compare the chart above and continue it with the one you see in the Qt now, that is a perfect looking graph

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May 13, 2015, 02:48:16 AM
 #10

will def be staking this one as well.I will be adding to my collection.

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May 13, 2015, 03:30:26 AM
 #11

Consolidated thread for 'em coins. I like!

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May 13, 2015, 03:35:31 AM
 #12

Consolidated thread for 'em coins. I like!

Yea, no reason to make everyone track four different threads when one decision affects pretty much everyone for all the coins. We test new things on all of these and keep a circle of improvement open. It's been working well. Each coin has a unique strategy that improves upon the previous update to one of the other coins. MMXIV will be next to get an update (long needed) after GorillaBucks 4.0.2 comes either tonight or tomorrow

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May 13, 2015, 03:40:30 AM
 #13

Great, cannot wait for the Bucks Smiley

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May 13, 2015, 03:53:16 AM
 #14

yeah I really wish I could have afforded to get on the Gorilla bucks train, but it didn't work out for me... lol being laid off sucks

PIVX - D8SPCieSeLi1uGRJvDurRSYyrfxQefwdaN
DigitalPrice "DP" UQhRdsuwvptFosjrVZf3L8hRmuzFMGzDoX
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May 13, 2015, 04:20:18 AM
 #15

yeah I really wish I could have afforded to get on the Gorilla bucks train, but it didn't work out for me... lol being laid off sucks

Yes I wanted to get into Gorillabucks Sigh but was outta cahs.. but satill I got now over 650 MMXIV proudly staking and over 150 Gorilla TEETH..in staking too.. I waiting to collect a few more TEETH too.
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May 13, 2015, 04:33:50 AM
 #16

<TRATILMNEWZAD> HI
<TRATILMNEWZAD> gone better nights, where percentage 5.5 % credited?
<TRATILMNEWZAD> 28hours
MMXIV COIN
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May 13, 2015, 04:38:43 AM
 #17

<TRATILMNEWZAD> HI
<TRATILMNEWZAD> gone better nights, where percentage 5.5 % credited?
<TRATILMNEWZAD> 28hours
MMXIV COIN

5.5% is the daily average over the span of one year (reality is more like monthly)

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May 13, 2015, 04:41:14 AM
 #18

<TRATILMNEWZAD> HI
<TRATILMNEWZAD> gone better nights, where percentage 5.5 % credited?
<TRATILMNEWZAD> 28hours
MMXIV COIN

5.5% is the daily average over the span of one year (reality is more like monthly)
calculation time in month or year?
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May 13, 2015, 04:42:44 AM
 #19

<TRATILMNEWZAD> HI
<TRATILMNEWZAD> gone better nights, where percentage 5.5 % credited?
<TRATILMNEWZAD> 28hours
MMXIV COIN

5.5% is the daily average over the span of one year (reality is more like monthly)
calculation time in month or year?

Depends what your personal vs network stake weight ratio is to determine how fast you will get to your average

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May 13, 2015, 04:46:10 AM
 #20

<TRATILMNEWZAD> HI
<TRATILMNEWZAD> gone better nights, where percentage 5.5 % credited?
<TRATILMNEWZAD> 28hours
MMXIV COIN

5.5% is the daily average over the span of one year (reality is more like monthly)
calculation time in month or year?

Depends what your personal vs network stake weight ratio is to determine how fast you will get to your average
in any time can overcharging ?
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