[ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN

[DRPD]

So how's everything going with Darknet??? I am just waiting for staking to start getting going

Node counts up network getting ready for supply adjustment , looking good

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

[SwedishGirl]

Do you think there will be a huge dump when masternode rewards decrease?
Because everybody will receive less coins, so not interesting anymore?

Or do you think the price will rise?

PoW rewards get decreased by 4/5 while MN rewards get decreased by 1/2, the change is actually a  net positive for the MN owners. Only stupid people will dump. Price will go up, then when the first PoS period approaches we will start seeing even more panic buys.

We have about a week or so before the lesson in economics starts.

[jakiman]

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

That's incorrect. As of posting this:

PoW Block Reward Decrease @ block 151200 (from 250 to 50 DNET)

151200 - 138813 / 1440 = 8.6 days left

PoW to PoS Switchover @ block 259200

259200 - 138813 / 1440 = 83.3 days left

[mxnsch]

The estimated ending of PoW in the ANN was approx 180 days from end of Nov 2015. Should be rather soonish.

[DRPD]

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

That's incorrect. As of posting this:

PoW Block Reward Decrease @ block 151200 (from 250 to 50 DNET)

151200 - 138813 / 1440 = 8.6 days left

PoW to PoS Switchover @ block 259200

259200 - 138813 / 1440 = 83.3 days left

my answer was not for pos switchover I think he was asking for reward switchover (well not sure)

numbers from ann post (pow reward breakdown):
block 43201 - 172800 (current) = 250 DNET (70% miner 20% mn 10% prop)
block 172800 - 259000 = 50 DNET (45%/45% miner/mn 10% prop)


 

[bathrobehero]

Do you think there will be a huge dump when masternode rewards decrease?
Because everybody will receive less coins, so not interesting anymore?

Or do you think the price will rise?

PoW rewards get decreased by 4/5 while MN rewards get decreased by 1/2, the change is actually a  net positive for the MN owners. Only stupid people will dump. Price will go up, then when the first PoS period approaches we will start seeing even more panic buys.

We have about a week or so before the lesson in economics starts.

This. Miners rarely hold (most doesn't even know they ever mined DNET, they just get paid in BTC by multipools) and while some impatient MN holders will surely dump at the slightest increase in price, the price should slowly keep increasing.

[borris123]

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

That's incorrect. As of posting this:

PoW Block Reward Decrease @ block 151200 (from 250 to 50 DNET)

151200 - 138813 / 1440 = 8.6 days left

PoW to PoS Switchover @ block 259200

259200 - 138813 / 1440 = 83.3 days left

my answer was not for pos switchover I think he was asking for reward switchover (well not sure)

numbers from ann post (pow reward breakdown):
block 43201 - 172800 (current) = 250 DNET (70% miner 20% mn 10% prop)
block 172800 - 259000 = 50 DNET (45%/45% miner/mn 10% prop)


 

did mean the change in reward.

the top wallets have got a lot of the coins and I assume the MN are just a select amount of people with a lot of coins. Hard to see the distribution of the coin. I suspecting its not that good. Hopefully will include over time tho. I not selling a single coin and slowly get more with MN payouts and the odd buy here and there.

[jakiman]

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

That's incorrect. As of posting this:

PoW Block Reward Decrease @ block 151200 (from 250 to 50 DNET)

151200 - 138813 / 1440 = 8.6 days left

PoW to PoS Switchover @ block 259200

259200 - 138813 / 1440 = 83.3 days left

my answer was not for pos switchover I think he was asking for reward switchover (well not sure)

numbers from ann post (pow reward breakdown):
block 43201 - 172800 (current) = 250 DNET (70% miner 20% mn 10% prop)
block 172800 - 259000 = 50 DNET (45%/45% miner/mn 10% prop)

I'm quite certain that that part of the OP is wrong.

Correct PoW Break down is:
43201 - 151200 = 250 DNET
151201 - 259000 = 50 DNET

[DRPD]

How long till switch over?

hmm hope i'm not wrong:
switchover at block 172800, current block 138730 = 34070 block to go at 60 Sec.
34070 / 60 = ~567 hrs / 24 =  ~23 days

That's incorrect. As of posting this:

PoW Block Reward Decrease @ block 151200 (from 250 to 50 DNET)

151200 - 138813 / 1440 = 8.6 days left

PoW to PoS Switchover @ block 259200

259200 - 138813 / 1440 = 83.3 days left

my answer was not for pos switchover I think he was asking for reward switchover (well not sure)

numbers from ann post (pow reward breakdown):
block 43201 - 172800 (current) = 250 DNET (70% miner 20% mn 10% prop)
block 172800 - 259000 = 50 DNET (45%/45% miner/mn 10% prop)

I'm quite certain that that part of the OP is wrong.

Correct PoW Break down is:
43201 - 151200 = 250 DNET
151201 - 259000 = 50 DNET

well dev team can you please clarify this and please correct if wrong in ann. post.
specs from official  ann. post are decisively for me and i guess for a lot of other people too.

thanks

[jakiman]

well dev team can you please clarify this and please correct if wrong in ann. post.
specs from official  ann. post are decisively for me and i guess for a lot of other people too.
thanks

Block number 151200 for PoW Block Reward drop was already confirmed by dev StakeBox. See this post:
https://bitcointalk.org/index.php?topic=1262920.msg14747320#msg14747320

<snip>
This is a mandatory update, everyone needs to be on the new version, 1.1.0.0, by block 151200, about 2 weeks from now, that is when the new block rewards will go into effect. Notices will be sent to all service providers shortly. Thanks for your patience, I know I said this would be done last night or this morning. Sorry for the delay guys.

Also, block number 151200 is stated as the block when 250 will drop to 50 on the OP already.
Second line of Coin Specs on the OP states: "PoW Block Reward: (block# 2-151200) 250 DNET (block# 151201-259200) 50 DNET"

Edit:
And for true proof, here's the source code snippet from 1.1.0.0.
https://github.com/Darknet-Crypto/Darknet/blob/master/src/main.cpp#L1550
It clearly shows PoW reduction at block # >=151200. Also, the numeric value "172800" doesn't even exist in the source code.
So yeah, s3v3n should correct the "PoW Rewards Breakdown" portion of the OP.

int64_t GetBlockValue(int nBits, int nHeight, const CAmount& nFees)
{
    int64_t nSubsidy = 0;
    if(nHeight == 0) {
        nSubsidy = 60001 * COIN;
    }
    else if(nHeight < 86400 && nHeight > 0) {
        nSubsidy = 250 * COIN;
    }
    else if(nHeight < 151200 && nHeight >= 86400) {
        nSubsidy = 225 * COIN;
    }
    else if(nHeight < 259200 && nHeight >= 151200) {
        nSubsidy = 45 * COIN;
    }
    else {
        nSubsidy = 0 * COIN;
    }      
        
    return nSubsidy + nFees;
}

int64_t GetMasternodePayment(int nHeight, int64_t blockValue)
{
    int64_t ret = 0;
    if(nHeight <= 43200) {
        ret = blockValue/5;
    }
    else if(nHeight < 86400 && nHeight > 43200) {
        ret = blockValue/(100/30);
    }
    else if(nHeight < 259200 && nHeight >= 86400) {
        ret = 50 * COIN;
    }
    else if(nHeight < 259200 && nHeight >= 151200) {
        ret = blockValue/2;
    }
    else {
        ret = 0 * COIN;
    }
    return ret;
}

[DRPD]

no offense jakiman but i'm waiting for ann correction which is necessary anyway if you're right (and i guess you are ) ....

[jakiman]

no offense jakiman but i'm waiting for ann correction which is necessary anyway if you're right (and i guess you are ) ....

No offense taken. I know I'm right. I agree that ANN needs to be corrected.

[DRPD]

no offense jakiman but i'm waiting for ann correction which is necessary anyway if you're right (and i guess you are ) ....

No offense taken. I know I'm right. I agree that ANN needs to be corrected.

exactly because of the ann. infos my opinion was that i have about 3 weeks left to buy cheap coins

in fact i guess only 8 days left to reach my goal, damn i must stay calm

don't panic buy, don't panic buy, don't panic buy, stay frosty .... ...

[SwedishGirl]

no offense jakiman but i'm waiting for ann correction which is necessary anyway if you're right (and i guess you are ) ....

No offense taken. I know I'm right. I agree that ANN needs to be corrected.

exactly because of the ann. infos my opinion was that i have about 3 weeks left to buy cheap coins

in fact i guess only 8 days left to reach my goal, damn i must stay calm

don't panic buy, don't panic buy, don't panic buy, stay frosty .... ...

Hopefully we will see one more dip around 450 before moooooooooooooon

[4x13]

ok, so I updated the OP, sorry for the typo.. it was also stated on line 2 as well.

[sofu]

no offense jakiman but i'm waiting for ann correction which is necessary anyway if you're right (and i guess you are ) ....

No offense taken. I know I'm right. I agree that ANN needs to be corrected.

exactly because of the ann. infos my opinion was that i have about 3 weeks left to buy cheap coins

in fact i guess only 8 days left to reach my goal, damn i must stay calm

don't panic buy, don't panic buy, don't panic buy, stay frosty .... ...

Hopefully we will see one more dip around 450 before moooooooooooooon

Don't wait for the dump bro. You could miss the train.  The cool kids are marketbuying 

[IBGigglin]

1 million DNET or bust.  

On a more serious note, why is DNET marked with an asterisk (*) [Not Mineable], on coinmarketcap?

[4x13]

1 million DNET or bust.  

On a more serious note, why is DNET marked with an asterisk (*) [Not Mineable], on coinmarketcap?

idk, I have sent them a few messages about it actually being mineable, but they never respond.. soo guess they didn't care..

[ocminer]

I've updated suprnova to the latest version, however it seems some other nodes didn't and they are orphaning our blocks.. I hope they'll update soon or the dev rejects the old blocks..

Never mind - I just reverted to the old version

[presstab]

dnet.presstab.pw is running the newest version