[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]

[Dogedarkdev]

can  anyone answer  to this

"
i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?



thanks

1 billion in 5 months? where did you create that figure from?

714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next

a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)

[1563384635]

1563384635

[1563384635]

1563384635

[1563384635]

1563384635

[Vergemaker]

can  anyone answer  to this

"
i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?



thanks

1 billion in 5 months? where did you create that figure from?

714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next






a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)

Thank  you  DEV for making  it clear  .I can sleep  well  at  night now .  7  years is good enough for me

[Coin-Snake]

Hi so for those who are not so inclined in this .... like me for example
This is for people that having a problem with connection with the normal Electrum wallet
 I did try out the Tor wallet and it works good you can take your seed and recover with tor electrum no problem and no connection problems at this point. 

[Trepsu]

Can anyone knows why github repo is not uptade since long time? I mean the main repo for verge currency not website repo. As a programmer I think this is strange to don't make any commits for so long time.

[TheMrJ]

Hi

What is the hash rate for a GTX 1060?

Thanks

[sparker327]

John Mcafee is praising XGV on his twitter including defending the haters.
Follow him.

yes he did, here is the article about it

https://cryptovest.com/news/john-mcafee-verge-xvg-is-the-best-buy-xvg-price-doubles-overnight/

[abudfv2008]

Hi

What is the hash rate for a GTX 1060?

Thanks

8-8.5mh

[minerbro]

I hope XVG next year will rising.
I still hodl  even not too much.
XVG community in telegram is big , that is proof why this coin have a good value for long term and dev is very active 

[wttbs]

I just installed electrum-xvg 2.4.1 on linux 16.04, all went fine, wallet starts but stays off line. Does it take time to connect? or are there other thing I need to do or install?

[MasterOfDesaster]

can  anyone answer  to this

"
i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?



thanks

1 billion in 5 months? where did you create that figure from?

714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next

a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)

I remember me starting with verge mid/end of august, it was at 13.8 billion (coinmarketcap)

And in that time i also have seen a video (uploadee 19.07.2017) where is mentioned that there are 3 billion left to maximum supply... 19.07.2017 to 15.12.2017 is roughly 5 months... and now we have roughly 2 billion left... maybe the numbers are not absoultely correct, but even if they are wrong, 7 years seems to be wrong as well and little much optimistic.



https://youtu.be/sr-Co01ZKMU?t=168

[Dogedarkdev]

can  anyone answer  to this

"
i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?



thanks

1 billion in 5 months? where did you create that figure from?

714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next

a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)

I remember me starting with verge mid/end of august, it was at 13.8 billion (coinmarketcap)

And in that time i also have seen a video (uploadee 19.07.2017) where is mentioned that there are 3 billion left to maximum supply... 19.07.2017 to 15.12.2017 is roughly 5 months... and now we have roughly 2 billion left... maybe the numbers are not absoultely correct, but even if they are wrong, 7 years seems to be wrong as well and little much optimistic.



https://youtu.be/sr-Co01ZKMU?t=168

look at the halving schedule, and do the math.
30 seconds blocks, 2 blocks per minute, x 24 hours, x 365 days in a year

[wttbs]

I just installed electrum-xvg 2.4.1 on linux 16.04, all went fine, wallet starts but stays off line. Does it take time to connect? or are there other thing I need to do or install?

after some restarts electrum-xvg is synced now and able to receive funds.

But my Windows wallet seems to have some trouble, I want to send 2M : failed to create transaction, did 1M that went thru, then 500K alse was sent, then 500K again: failed to create transaction, tried 100K and the wallet hangs: not responding... Seems like current wallet can not handle "large" transactions or several medium/large transactions done fast after each other.

[Dogedarkdev]

I just installed electrum-xvg 2.4.1 on linux 16.04, all went fine, wallet starts but stays off line. Does it take time to connect? or are there other thing I need to do or install?

after some restarts electrum-xvg is synced now and able to receive funds.

But my Windows wallet seems to have some trouble, I want to send 2M : failed to create transaction, did 1M that went thru, then 500K alse was sent, then 500K again: failed to create transaction, tried 100K and the wallet hangs: not responding... Seems like current wallet can not handle "large" transactions or several medium/large transactions done fast after each other.

could be the amount of inputs in the transactions

[wttbs]

I just installed electrum-xvg 2.4.1 on linux 16.04, all went fine, wallet starts but stays off line. Does it take time to connect? or are there other thing I need to do or install?

after some restarts electrum-xvg is synced now and able to receive funds.

But my Windows wallet seems to have some trouble, I want to send 2M : failed to create transaction, did 1M that went thru, then 500K alse was sent, then 500K again: failed to create transaction, tried 100K and the wallet hangs: not responding... Seems like current wallet can not handle "large" transactions or several medium/large transactions done fast after each other.

could be the amount of inputs in the transactions

I guess that is it, the wallet receives lots of small (100 to 400 XVG) transactions from miningpool. Is there a coincontrol option in current wallet? can not find it... so I can choose from what address coins are send to prevent lots of inputs.

[Miotch1120]

Been holding for a few months now, XVG has been steady (xvg/usd that is) while many other alts falling. Good to see this recent bull run. Still holding (not much, I’m a poor plebeian) and have very high hopes. Great work dev team, and thank you for not falling into the “pre-hype hype” crap that so many other coins do. I’m very excited about the future of this coin. This is the coin that gets my idealistic side excited. They are doing things right (POW, no pre-mine, true anonymity) to be the coin of the financial revolution.  At the risk of sounding too naive, I believe in the world of corrupt central banking rule, XVG could be the light in the darkness. I support this coin, and it seems others do too, for all the right reasons.  It’s not just a bunch of people looking to get rich quick (like so many other projects), but folks interested in honestly helping change the wold, and bring fairness to an overwhelmingly partisan institution. THANKS XVG, and keep fighting the good fight!

[MasterOfDesaster]

can  anyone answer  to this

"
i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?



thanks

1 billion in 5 months? where did you create that figure from?

714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next

a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)

I remember me starting with verge mid/end of august, it was at 13.8 billion (coinmarketcap)

And in that time i also have seen a video (uploadee 19.07.2017) where is mentioned that there are 3 billion left to maximum supply... 19.07.2017 to 15.12.2017 is roughly 5 months... and now we have roughly 2 billion left... maybe the numbers are not absoultely correct, but even if they are wrong, 7 years seems to be wrong as well and little much optimistic.



https://youtu.be/sr-Co01ZKMU?t=168

look at the halving schedule, and do the math.
30 seconds blocks, 2 blocks per minute, x 24 hours, x 365 days in a year

Thanks for the informations. Where to find the shedule? Could you write down the next steps in the shedule?

Maybe i did something wrong (please correct me), but here is the math:



From block 714.000 to 2.124.000 the reward per block is 1.560 coins (actual!)
So actual coins mined per year is 1.639.872.000



2 blocks per minute  X  60 minutes  X  24 hours  X  365 days = 1051200 blocks per year

1051200 blocks per year = 1.639.872.000 coins reward per year.



We are at blockheight 1.723.604 and till next halving we have to go 400.396 BLOCKS (Equals 624.617.760 COINS)

400.396 to go at current reward level with 2880 BLOCKS per day means halving of the reward will be in 139 days (EQUALS 4.6month)

(THIS means 624.617.760 COINS in 4.6 MONTH are mined)


Current supply is 14.386.503.099  +  624.617.760 (reward in next 139 days)

RESULTS IN 15.011.120.859 supply on third of May 2017.


AFTER third of may 2017 will remain 1.543.879.141 COINS till maximum supply is reached. (and 2.124.000 BLOCKS to next reward halving)


FROM THAT DAY ON the number of new coins per year will be 767.376.000 (The max supply will be reached 2,011 Years after 03.05.2017)

FROM THAT DAY ON (03.05.2017) the time to reach next halving will be after 2,0205 years. That means, the halving would happen after the max. supply is reached... so never.


The last verge will be mined at 03.05.2020. From that day on the only reward will be the fee.

[WEBcreator]

John Mcafee is praising XGV on his twitter including defending the haters.
Follow him.

yes he did, here is the article about it

https://cryptovest.com/news/john-mcafee-verge-xvg-is-the-best-buy-xvg-price-doubles-overnight/

This is going to make sure people are buying this , You know what I kinda doubt mcafee right now because most of the time he keep praising most of the coins without actually proving that he is into that coin. This is just my speculation but at this point I see that he is kinda like speculator that is moving the market underground

[sn08btc2140]

 

    I am convinced that John and Friends use these kind of Coins if forgot to name (GBYTE) Year started to use them especially after the scandal (Paradise Papers) there was an
       
       announcement a few days ago that many STAR Music to sell their gadgets have decided to adopt XRM I believe that VERGE is on track to enter right between these 4 Coins 

[vince212]

look like verge can still double in the short term

[agostine]

look like verge can still double in the short term

Yeah we have Verge rally. It will continue but how high before consolidation?

Peace