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Author Topic: [ANN][SHIFT] The New Web | IPFS/Phantom | JENGA Dynamic DNS solution for IPFS  (Read 493474 times)
reftop123
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September 07, 2015, 01:11:58 PM
 #1001

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.
Pending on Bittrex now 14/120.
Thank you!
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CrushOnBTC
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September 07, 2015, 02:07:08 PM
 #1002

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!

You can easily calculate the current supply by taking the number of blocks and multiplying by 3 (block reward).

A "better" block explorer is in development, however does not have top priority right now.

SHF does not have the same inflation / distribution scheme as ETH. I don't know much about Ethereum, but SHIFT has a static 3 coin reward while ETH has 15 (??). As of my reply, there are ~80k SHF mined.

This will continue until there are at least 2 mill coins mined, thus the statement in the op. After 2 mill coins are in circulation, holders will be able to vote about future distribution, i.e. switch to full pos, continue pow or a pow-pos hybrid.

Therefore your question of max total coins cannot be answered at the moment.

Hope that cleared it up Smiley
adultblaze
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September 07, 2015, 02:13:21 PM
 #1003

Really looking forward to using this coin looks the most promising out of the bunch
Gumbork
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September 07, 2015, 02:34:56 PM
 #1004

Really looking forward to using this coin looks the most promising out of the bunch
welcome to the shift, please make sure you support this coin with all your heart and soul.


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123sss
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September 07, 2015, 03:10:51 PM
 #1005

dev need cryptsy and poloniex!
edmund45
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September 07, 2015, 03:12:30 PM
 #1006

Having a problem with being locked out of the wallet? Should I try reinsalling? will this delete my wallet
bazel11
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September 07, 2015, 03:16:12 PM
 #1007

Having a problem with being locked out of the wallet? Should I try reinsalling? will this delete my wallet

Backup your wallet and simply reinstall it should not delete your wallet but backup just to be sure
P-Funk
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September 07, 2015, 03:28:32 PM
 #1008

Shift supply is 250,000 + blockheight*3. I wanted to mention this in my above post talking about how it will take 7 years for Ethereum's mining/staking network to equal the premine. For Shift it will take only a bit over two weeks for coin supply from mining rewards to overtake the premine.

Note: I have nothing against the Ethereum devs for their ipo revenue model and paying themselves and early investors in their own value token. Without it, Ethereum might not have happened. But since their code is open source, forks are inevitable.

leonak
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September 07, 2015, 03:52:47 PM
 #1009

I was out for a while and only now I see the first ethereum for has released. Should I join or you think it's too late? I never followed eth coins it is harder than standard ones? Any clues?
idolacchacked
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September 07, 2015, 05:06:48 PM
 #1010


how come all the blocks found on suprnova is always 3.00 coins?
ocminer
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September 07, 2015, 05:11:28 PM
 #1011


how come all the blocks found on suprnova is always 3.00 coins?

Ah lol sorry i've confused ETH with SHIFT.. But it's the same with Shift.. Uncles etc. are paid the same way, I'll post some when I see them

suprnova pools - reliable mining pools - #suprnova on freenet
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September 07, 2015, 05:14:20 PM
 #1012

need to see it back to 300k, I don't know what is keeping the price so low.
It's just a matter of time


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NextGenCrypto
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September 07, 2015, 05:40:27 PM
 #1013

Shift supply is 250,000 + blockheight*3. I wanted to mention this in my above post talking about how it will take 7 years for Ethereum's mining/staking network to equal the premine. For Shift it will take only a bit over two weeks for coin supply from mining rewards to overtake the premine.


Thank you for pointing this out.  I was curious about this myself.

fartbags
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September 07, 2015, 06:01:46 PM
 #1014




SHF is so cheap. Someone should clone Augur and give out the REP for free to people who want to be active reporters on the futures markets. This way the fees will be way less than Augur. SHF could be bigger than ETH. ETH doesn't have much support except for the small group of ETH preminers.



ShiftTeam
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September 07, 2015, 06:14:24 PM
 #1015

For you who not follow github, new minor (small bugfixes, rebranding, tests and a beginning of sqldb) release is coming up,

We need a solid base before other development. Still working on the local tx bug. Just want to keep people in the loop so they know that we actually are continuing with this.

Regards
NextGenCrypto
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September 07, 2015, 06:45:26 PM
 #1016

For you who not follow github, new minor (small bugfixes, rebranding, tests and a beginning of sqldb) release is coming up,

We need a solid base before other development. Still working on the local tx bug. Just want to keep people in the loop so they know that we actually are continuing with this.

Regards

You guys are awesome, keep up the great work.

altsheets
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September 07, 2015, 06:59:56 PM
 #1017

B.E.extension --> Supply --> CMC --> ranking page

Shift supply is 250,000 + blockheight*3.

Perfect, and concise answer. Thanks!

I suggest to:
* put that sentence into the OP.
* extend the block explorer with that calculation.

The "CoinMarketCap.com Request Form" (very bottom of the page) asks for these 2 API answers:

Quote
Please provide a URL that shows the total supply of coins in real time.
Required. For example, Dogecoin's total supply of coins can be found at: http://dogechain.info/chain/Dogecoin/q/totalbc
 
Please provide a URL that shows the publicly available supply of coins in real time. These are coins that are not held by the creators or private investors.
Required if different than total supply. For example, Ripple's publicly available supply count can be found at: https://www.ripplelabs.com/xrp-distribution/

Your B.E. can be extended to return the /blockheight & /supply & /supply/public;
then telling CMC ... then SHF would be visible in the ranking on the main table of CMC.

If you want to spend some of your funds, I can work on extending
Whit's block explorer code, to include that information. PM me.



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BTCBinary
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September 07, 2015, 07:01:24 PM
 #1018

Nedd help to mine eth\ shf
Been trying to mine Shift - SHF but I can't seem to get it to work.

I want to GPU mine. any good tutorial or guide around here?
tygeade
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September 07, 2015, 07:06:19 PM
 #1019

Nedd help to mine eth\ shf
Been trying to mine Shift - SHF but I can't seem to get it to work.

I want to GPU mine. any good tutorial or guide around here?


If you want to solo mine, check this out:

Someone pls post .bat command for windows mining!!!! Easiest way for all who have issues

For Windows
Download 32 or 64 bit exe from github
rename
Shift-Windows
open cmd
type Shift-Windows account new

Mine with GPU
Shift-Windows --rpc
Download Miner AMD ONLY >> http://d-h.st/rbnt
run shift.bat


Tip if this helped
SHF: 0xae0ada93d2a680d3fcdd705b9803c87c974fd522


Everyone on block 99?

This will help you out. Wink

For pool mining check this: https://shift.suprnova.cc/index.php?page=gettingstarted
CrushOnBTC
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September 07, 2015, 07:14:49 PM
 #1020

Nedd help to mine eth\ shf
Been trying to mine Shift - SHF but I can't seem to get it to work.

I want to GPU mine. any good tutorial or guide around here?


Good summary from a few pages back on solo mining Smiley

Someone else already answered pool mining.
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