cico76
Member
 Offline
Activity: 98
Merit: 10
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June 27, 2015, 08:10:29 PM |
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BAM ! BAM ! BAM ! Everything OK !!!  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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jgaspar
Member
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Activity: 239
Merit: 10
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June 27, 2015, 08:16:44 PM |
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Amazing!
21 people are mining this with a combined 6.9 Gh.
Why?
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Matthaggie
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June 27, 2015, 08:17:18 PM |
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stratum auth failed??? oops got it...
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CjMapope
Legendary
Offline
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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June 27, 2015, 08:27:53 PM |
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dont try run it on win8, insta crash the wallet lol. Compatibility change ftw works tho |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
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Bamit-Dev (OP)
Newbie
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Activity: 26
Merit: 0
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June 27, 2015, 08:30:08 PM |
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cohnhead
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June 27, 2015, 08:31:41 PM |
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i'll ask again...maybe someone can answer....the POS starts at block 2000...what is last POW block......and if they overlap...doesn't that serve to lower total coin supply....thereby making the premine more significant
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skyline247
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June 27, 2015, 08:35:03 PM |
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i'll ask again...maybe someone can answer....the POS starts at block 2000...what is last POW block......and if they overlap...doesn't that serve to lower total coin supply....thereby making the premine more significant
Stated in OP.... - Last PoW block: 8640 6 Days PoW |
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skyline247
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June 27, 2015, 08:35:44 PM |
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Amazing!
21 people are mining this with a combined 6.9 Gh.
Why?
Why not? |
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Bamit-Dev (OP)
Newbie
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Activity: 26
Merit: 0
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June 27, 2015, 08:48:33 PM |
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We need an exchange
On it It always helps when they hear from a lot of people. Tweet / contact your favorite exchange and let them know. |
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kubuminer
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June 27, 2015, 08:48:53 PM |
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BinPool have only 1 miner (((  |
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cohnhead
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June 27, 2015, 08:59:41 PM |
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if POS kicks in at block 2000 and POW ends at block 8640...doesn't that mean that blocks 2000 thru 8640 can be solved either POS or POW.....and if that is true ...that if they are solved POS.... doesn't that mean less overall coin supply....thereby making the premine actually much larger than 1%.
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Bamit-Dev (OP)
Newbie
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Activity: 26
Merit: 0
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June 27, 2015, 09:12:00 PM |
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BinPool have only 1 miner ((( Please stay up Binpool. This coin runs 6 days and many more will mine it. Also good to spread hash around |
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Bamit-Dev (OP)
Newbie
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Activity: 26
Merit: 0
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June 27, 2015, 09:18:31 PM |
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if POS kicks in at block 2000 and POW ends at block 8640...doesn't that mean that blocks 2000 thru 8640 can be solved either POS or POW.....and if that is true ...that if they are solved POS.... doesn't that mean less overall coin supply....thereby making the premine actually much larger than 1%.
At block 2000 staking begins. Depending on weight you may earn interest on the coins in your wallet. That's it. Its called a hybrid. At block 8640 we go pure PoS. |
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cohnhead
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June 27, 2015, 09:37:47 PM |
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so if block is solved POS...the reward is interest based on staking.. but if solved POW the reward is 101 to 116 BAM. Given that the bulk of the blocks can be solved with either method...would it be expected that the total coin supply will be much less than what is stated in OP?
like xra coin...in op it stated a total supply of 160million but final supply was more 75million...due to blocks being solved POS......but in the case of xra there was no premine.
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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June 27, 2015, 10:11:47 PM |
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so if block is solved POS...the reward is interest based on staking.. but if solved POW the reward is 101 to 116 BAM. Given that the bulk of the blocks can be solved with either method...would it be expected that the total coin supply will be much less than what is stated in OP?
like xra coin...in op it stated a total supply of 160million but final supply was more 75million...due to blocks being solved POS......but in the case of xra there was no premine.
Yes, the total coin supply will end up being less then what is on the OP. So, if the premine bothers you, move on. |
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cohnhead
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June 27, 2015, 10:25:19 PM |
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it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.
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skyline247
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June 27, 2015, 10:33:49 PM |
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it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.
I don't think the Dev lied per-se. I think it was just a miscalculation. If you feel uneasy about it, just don't mine. Simple as that. |
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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June 27, 2015, 10:39:34 PM |
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it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.
I don't think the Dev lied per-se. I think it was just a miscalculation. If you feel uneasy about it, just don't mine. Simple as that. Yes, I guess the dev could have used statistical calculations (calculus) and give us the range of percentages within 5 standard deviations of the mean.  |
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