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Author Topic: [ANN][SHIFT] The New Web | Desktop Wallet | IPFS/Phantom on Mainnet Soon  (Read 455442 times)
SpeedDemon13
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September 07, 2015, 05:25:05 AM
 #981

there is a good amount of cheap video cards on ebay right, i might grab a few to setup a rig. how long is the mining period for ?

Until 2mil is reached, than a voting will occur to continue pow or pow/pos hybrid or total pos.

Thanks for the info, whats the current supply if im not wrong there is 18k in new coins everyday.

As of this typing, we are at 24,408. So, 24,408 x 3 = 73,224 approximately, that's not including uncles...

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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Corsa1r
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September 07, 2015, 06:47:57 AM
 #982

Is it just me or does the block explorer not work? I've mined a couple of blocks but putting address in the block explorer shows nothing
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8b 16b DEMOSCENE FTW


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September 07, 2015, 07:19:41 AM
 #983

http://www.mydocker.xyz:8000/ does not support address search (yet)

8-BIT PARTY 16-BIT PARTY DEMOSCENE FTW
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September 07, 2015, 10:34:07 AM
 #984

http://www.mydocker.xyz:8000/ does not support address search (yet)


I can give you a heads up regarding development. We are currently implementing a SQL-backend to work parallel with leveldb and in future completely replace leveldb. By this you can pretty much take any blockexplorer on github and convert it. This might help possibility to establish a more solid version than the ones currently existing as open source for ethereum. We have asked to be added on existing explorers, but no luck.
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September 07, 2015, 10:50:33 AM
 #985

I have to say that decentralization is pretty bad at the moment Sad   One pool and all hashpower in it. Seriously?
We need more pools if this project have to thrive.
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September 07, 2015, 10:56:55 AM
 #986

ShiftTeam, is the long term goal to provide a platform equal to Ethereum as far as its decentralized application feature? I ask because I see your twitter name is "shiftcurrency." The Ethereum project has done their best to present Ether as a token of value for their network, putting the focus on the network's application abilities rather than its ability to transmit its token or currency from one account to another, which the thousands of cryptocurrencies out there are all capable of doing.


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September 07, 2015, 11:00:59 AM
 #987

I have to say that decentralization is pretty bad at the moment Sad   One pool and all hashpower in it. Seriously?
We need more pools if this project have to thrive.
91 blocks per hour it is only 35-40% from all blocks.
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September 07, 2015, 11:10:49 AM
 #988

One pool and all hashpower in it.

No
net hashrate on pool counts only pool speed, w/o solo miners etc
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September 07, 2015, 11:13:02 AM
 #989

ShiftTeam, is the long term goal to provide a platform equal to Ethereum as far as its decentralized application feature? I ask because I see your twitter name is "shiftcurrency." The Ethereum project has done their best to present Ether as a token of value for their network, putting the focus on the network's application abilities rather than its ability to transmit its token or currency from one account to another, which the thousands of cryptocurrencies out there are all capable of doing.


This is exactly our aim and will be more clear in our mission statement that will come. The whole idea behind shift is to pay bountys for Shift nodes and for pushing dapps onto the shift network, That is the whole idea since we got started. Right now we are, and have experienced some issues with bugs in ethereum core which have taken a toll on the development team not being able to focus on the above things, but instead have to spend alot of time error searching. However, there is no other way to do this, we must have a solid base to stand upon, the bugs must be fixed first. Right now there is a issue that transactions gets inserted into THE LOCAL (not global) transaction database that should not be there, which makes transactions hard to verify. Ocminer are experiencing some problems with this.

Kind regards
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September 07, 2015, 11:13:57 AM
 #990

Well, you are right, my bad. I just noticed number of blocks. At first moment i looked at Net Hashrate displayed at suprnova. Nevertheless more pools would be nice. If i am not mistaken current ethereum pools could be relatively easy forked and changed into shift pools. Am i right?
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September 07, 2015, 11:16:16 AM
 #991

Well, you are right, my bad. I just noticed number of blocks. At first moment i looked at Net Hashrate displayed at suprnova. Nevertheless more pools would be nice. If i am not mistaken current ethereum pools could be relatively easy forked and changed into shift pools. Am i right?

This is correct. Would take about 20 mins of work. But since we are experience the above bug maybe this is not the best time for lifting new pools.
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September 07, 2015, 11:22:41 AM
 #992

Currently there is a supply of 72,998,905 Ether. This is the 60,000,000 from the IPO + 12,000,000 for foundation/development/contributor rewards + about a million from mining since Frontier got its start. Now from mining, assuming the 15 second block target holds, we get an annual inflation of 10,519,200 Ether (5760 blocks/day * 5 ether per block * 365.25). So only if Ether mining continued for 7 years would mining rewards surpass its premine. But then there's this, scroll down to Difficulty adjustment scheme: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.

I think for this reason a healthy fork of Ethereum such as (maybe) Shift will make a healthier ecosystem for this type of network. It's a good selling point for Shift too.

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September 07, 2015, 11:31:25 AM
 #993

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.
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September 07, 2015, 11:47:36 AM
 #994

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

Ethereum has lots of promise but because it's open source, a project like Shift can fork it and setup a network with equivalent abilities. The main reason I can think of for using Ethereum exclusively for a dapp is if the application benefits from interacting with other parties' dapps on the same network.  A secondary benefit from piling into one network would be an assumption of price stability for its value token because of higher market volume.  A second or many Ethereum-based networks provides room for innovation (see Bitcoin vs alts), cost competition (cheaper gas price on Shift could lower gas cost on Ethereum's network), and many other positive effects.

reftop123
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September 07, 2015, 12:21:05 PM
 #995

Anyone know, is it safe to withdraw from supernova now?
lulla.by
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September 07, 2015, 12:27:43 PM
 #996

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

It's all hype indeed, and you will see more and more ETH clones coming in the future.
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September 07, 2015, 12:45:26 PM
 #997

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

It's all hype indeed, and you will see more and more ETH clones coming in the future.

yea given the press hype from the ipo that would make people to join the train, it would be funny to see shift take some of that hype just because is the first clone.


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ocminer
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September 07, 2015, 12:53:27 PM
 #998

Anyone know, is it safe to withdraw from supernova now?

Just try it, i'm watching payouts - i'll re-send if it fails.

I've sent all I could send to the ShiftTeam and they are working on the issue currently.

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
altsheets
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September 07, 2015, 12:54:46 PM
 #999

Currently there is a supply of 72,998,905 Ether. This is the 60,000,000 from the IPO + 12,000,000 for foundation/development/contributor rewards + about a million from mining since Frontier got its start. Now from mining, assuming the 15 second block target holds, we get an annual inflation of 10,519,200 Ether (5760 blocks/day * 5 ether per block * 365.25). So only if Ether mining continued for 7 years would mining rewards surpass its premine. But then there's this, scroll down to Difficulty adjustment scheme: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.

Thanks for that interesting info.

How about creating a block explorer API answer that tells http://coinmarketcap.com/currencies/shift/ about the current supply.
Right now CMC says
Quote
Available Supply ?
MarketCap ?

The OP of this thread here ...

-Why "mined at minimum"?-

... also doesn't simply state:
   coins in currently in existence: ___________ SHF
   maxcoins that will ever exist:  ___________ SHF

or -should the 2nd answer be hard to guess-:
   coins that will exist 1 year from now: _____ SHF


Could anyone answer that?

Does SHF use the exact same inflation & supply scheme as ETH?
(i.e. are the current Satoshi prices comparable) or is it tweaked?

BTW, for etherium, cmc is stating the available supply precisely.


Or is this perhaps already the answer to my question?

whats the current supply if im not wrong there is 18k in new coins everyday.
As of this typing, we are at 24,408. So, 24,408 x 3 = 73,224 approximately, that's not including uncles...


Please help me to see through my confusion *g*

Thanks!


Newbium great new platform || AltFolio = Altcoin Portfolio solution || AAsset = crowdfunding, dividends paying = profit sharing Assets (on NXT & HZ) - big 2nd dividends were paid, xmas 2016 || AssetGraphs = novel GUI to assets & shareholders (won nxthacks2015!) || ABEE = Block Explorer Extension for ETH clones, live on SOIL || Advice = Consulting || assetparser.py and shareholders.py - tools for NXT/HZ asset buyers & issuers || bamm.py || PeerCrawler || PGP || Texts || Github e.g. ChainCountDown, ethjsre |||| /give/ GiveBackLicense /give/ |||| Looking for an affordable crypto advertisement service with adspaces on crypto-attractive websites, contact me, thx.
Gumbork
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September 07, 2015, 12:59:27 PM
 #1000

Anyone know, is it safe to withdraw from supernova now?

Just try it, i'm watching payouts - i'll re-send if it fails.

I've sent all I could send to the ShiftTeam and they are working on the issue currently.


Thanks for the update on that.


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