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

[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

[bothers1987]

look like verge can still double in the short term

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

Peace

Between 170 and 200

[Bauer25]

Can anyone tell me how i can send my verge coins from my paper wallet to the electrum wallet? Thank you!

[jackbox]

Riding the Verge wave. When do I get off this ride?

[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. And the fee will be 5XVG per transaction? So to pay 5$ the fee will be additional 5$? What is the way verge will change? It needs to change if it will be more than what it is now, or it will sink to the ground as fast as it went up.



https://img3.picload.org/image/ddggddpa/xvg_supply__08_2017.png

https://img3.picload.org/image/ddggdada/xvg_supply__12_2017.png

Can somebody, maybe the dev, say something to my math and show me where i am wrong? Cause i really hope i am wrong.

[crypto42]

Hey guys, stupid question incoming.
What wallet to use for Windows 10 64bit, and is it safe to use and does it syncs slowly or fast?
thanks for the answer

[Cymatoxa]

Who knows what kind of growth rates linked?

[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)

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. And the fee will be 5XVG per transaction? So to pay 5$ the fee will be additional 5$? What is the way verge will change? It needs to change if it will be more than what it is now, or it will sink to the ground as fast as it went up.



https://img3.picload.org/image/ddggddpa/xvg_supply__08_2017.png

https://img3.picload.org/image/ddggdada/xvg_supply__12_2017.png

Can somebody, maybe the dev, say something to my math and show me where i am wrong? Cause i really hope i am wrong.

Yes  i need  to  know  more about Verges  Math too . Coin looks good .But the  numbers don't  add up  thats a big  problem . All  so  XVG was removed from  Changely for some reasons .i can't find it there  anymore .

[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. And the fee will be 5XVG per transaction? So to pay 5$ the fee will be additional 5$? What is the way verge will change? It needs to change if it will be more than what it is now, or it will sink to the ground as fast as it went up.



https://img3.picload.org/image/ddggddpa/xvg_supply__08_2017.png

https://img3.picload.org/image/ddggdada/xvg_supply__12_2017.png

Can somebody, maybe the dev, say something to my math and show me where i am wrong? Cause i really hope i am wrong.

Yes  i need  to  know  more about Verges  Math too . Coin looks good .But the  numbers don't  add up  thats a big  problem . All  so  XVG was removed from  Changely for some reasons .i can't find it there  anymore .

As well i think the block reward now of 1560 XVg = 39$ is little to high for my opinion.
Lets say last week it was 12$

OK, this will adjust when the halving will happen, but till the halving the price will grow, lets say to 0,1$ ... this would be a block reward of 156$ .... sorry from my opinion to much at this blockspeed. We have to change the blocktime, the reward to some dynamic value which will adapt to the actual value of the coin... the fee as well. The reward should be from my opinion now at ~480 .... i have really doubts about the numbers which do simply not match. I would like to please the DEV to correct my math or the actual reward, to keep the coin alive for more than 2020. If not, i will have to ask those questions on other platforms where it will reach more users, and maybe some math-genius who will bring light to the numbers. Maybe i am just wrong.

[dmitryshech]

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/

If it's so easy to go from 3 cents to 3$ then why Ripple still under 1$?  Verge has 14B  circulating supply VS 16M Monero.  I think it will take time for Verge to pass even the 50c mark  but 5-7c very possible at the current pump

[greyday]

If it's so easy to go from 3 cents to 3$ then why Ripple still under 1$?  Verge has 14B  circulating supply VS 16M Monero.  I think it will take time for Verge to pass even the 50c mark  but 5-7c very possible at the current pump

He didn't say it was easy, he said it was easier than that same rate of growth in an established, already decently valued commodity. And he chose his words poorly, what he likely meant was far more probable; it is the same level of difficulty, just far less common. It's got nothing to do with the math, it's the psychology of the market.

[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

Between 170 and 200

We just crush 200 now 214 !

Peace

[DesktopCommando]

I started today with 300k Verge, kept selling and waiting for the dip ...... that never came, now on 250k and still smiling ....

[agostine]

I started today with 300k Verge, kept selling and waiting for the dip ...... that never came, now on 250k and still smiling ....

Follow me to Alpha Centauri $10 / coin 

Peace

[Damage_Dealer]

Holy hell, why did I buy so few of this back in July?

[WEBcreator]

If it's so easy to go from 3 cents to 3$ then why Ripple still under 1$?  Verge has 14B  circulating supply VS 16M Monero.  I think it will take time for Verge to pass even the 50c mark  but 5-7c very possible at the current pump

He didn't say it was easy, he said it was easier than that same rate of growth in an established, already decently valued commodity. And he chose his words poorly, what he likely meant was far more probable; it is the same level of difficulty, just far less common. It's got nothing to do with the math, it's the psychology of the market.

He mean that it is much easier and he just say that because he wants a pump. It is indirectly going to affect the market price for few more days. Either you watch the waves or you ride the waves. I dont think that people will be letting this one go as more people ride the waves which means we could see atleast 300 satoshis by few more hours