*update client [ANN] BitBar New POW-POS scrypt CryptoCoin

[A L I E N]

I have two questions:

1.  Is there a hard limit on the total number of BTB that will be produced?
2.  Does the block reward ever go up?

Thanks

[1714049452]

1714049452

[1714049452]

1714049452

[1714049452]

1714049452

[1714049452]

1714049452

[1714049452]

1714049452

[Invest0r]

I have two questions:

1.  Is there a hard limit on the total number of BTB that will be produced?
2.  Does the block reward ever go up?

Thanks

Read somewhere that the limit is 500.000 BTB

The block reward depends on network hashrate

[A L I E N]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time. 

Can any of the developers confirm this?

[mr_random]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

[A L I E N]

Thanks for the information.  Can you explain this further:

It's just a case of the more popular it gets, the smaller the block reward becomes.

Is there ever a situation where the block reward would increase?  What stat would I look at to know that it is more popular (leading to lower block reward)? Is it supply or network hashrate or something else?

[mr_random]

Thanks for the information.  Can you explain this further:

It's just a case of the more popular it gets, the smaller the block reward becomes.

Is there ever a situation where the block reward would increase?  What stat would I look at to know that it is more popular (leading to lower block reward)? Is it supply or network hashrate or something else?

Go to the stats page of bitbar.info, it's ran by someone who is a member here. There's also a blockexplorer ran by dreamwatcher i think its something like btb.cryptochainexplorer or something... google if thats not it lol

[sido]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

by source https://github.com/aLQ/bitbar/blob/master/src/main.h there will be

static const int64 MIN_TX_FEE = CENT/100;
static const int64 MIN_RELAY_TX_FEE = CENT/100;
static const int64 MAX_MONEY = 500000 * COIN;

500 000 COIN or am i wrong?

[sido]

Thanks for the information.  Can you explain this further:

It's just a case of the more popular it gets, the smaller the block reward becomes.

Is there ever a situation where the block reward would increase?  What stat would I look at to know that it is more popular (leading to lower block reward)? Is it supply or network hashrate or something else?

there is that moment, block reward is going up from 0.1414xx to 0.1492xx

Array
(
    [account] =>
    [category] => immature
    [amount] => 0.141484
    [confirmations] => 144
    [generated] => 1
    [blockhash] => 00000000018b0662d57da0ab92c0eb95d84c4af78abf3c2832a5d43f0a61a434
    [blockindex] => 0
    [blocktime] => 1368811733
    [txid] => 164bffa94b9200197593d25e91e12c3b83358a9657eb57b7c8ca4f8e1fd6ec54
    [time] => 1368811733
    [timereceived] => 1368811736
)

Array
(
    [account] =>
    [category] => immature
    [amount] => 0.149218
    [confirmations] => 143
    [generated] => 1
    [blockhash] => 000000000177fe6fe88f74f8130d03d5cb2eec54a732e0c521cbbf72bfd21cbb
    [blockindex] => 0
    [blocktime] => 1368813128
    [txid] => 7e155d68e10ef184986eab0554275c85877ff69ced74c0d391e3800e8d286d73
    [time] => 1368813128
    [timereceived] => 1368813213
)

[RustyShackleford1950]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

by source https://github.com/aLQ/bitbar/blob/master/src/main.h there will be

static const int64 MIN_TX_FEE = CENT/100;
static const int64 MIN_RELAY_TX_FEE = CENT/100;
static const int64 MAX_MONEY = 500000 * COIN;

500 000 COIN or am i wrong?

The same code is in PPCOIN, but ppcoin has 2,000,000,000 max?

[A L I E N]

Thanks for the information.  Can you explain this further:

It's just a case of the more popular it gets, the smaller the block reward becomes.

Is there ever a situation where the block reward would increase?  What stat would I look at to know that it is more popular (leading to lower block reward)? Is it supply or network hashrate or something else?

there is that moment, block reward is going up from 0.1414xx to 0.1492xx

Array
(
    [account] =>
    [category] => immature
    [amount] => 0.141484
    [confirmations] => 144
    [generated] => 1
    [blockhash] => 00000000018b0662d57da0ab92c0eb95d84c4af78abf3c2832a5d43f0a61a434
    [blockindex] => 0
    [blocktime] => 1368811733
    [txid] => 164bffa94b9200197593d25e91e12c3b83358a9657eb57b7c8ca4f8e1fd6ec54
    [time] => 1368811733
    [timereceived] => 1368811736
)

Array
(
    [account] =>
    [category] => immature
    [amount] => 0.149218
    [confirmations] => 143
    [generated] => 1
    [blockhash] => 000000000177fe6fe88f74f8130d03d5cb2eec54a732e0c521cbbf72bfd21cbb
    [blockindex] => 0
    [blocktime] => 1368813128
    [txid] => 7e155d68e10ef184986eab0554275c85877ff69ced74c0d391e3800e8d286d73
    [time] => 1368813128
    [timereceived] => 1368813213
)

Thanks, I see it is now 0.156952 so it is indeed able to rise as well.  I also would like to get clarity on the max bars possible.

[sido]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

by source https://github.com/aLQ/bitbar/blob/master/src/main.h there will be

static const int64 MIN_TX_FEE = CENT/100;
static const int64 MIN_RELAY_TX_FEE = CENT/100;
static const int64 MAX_MONEY = 500000 * COIN;

500 000 COIN or am i wrong?

The same code is in PPCOIN, but ppcoin has 2,000,000,000 max?

correct

[TruCoin]

please Donate to keep the expanetion and greatness of  BitBar Alive

BTB_BMzJURe9otFXcgRGqpTVwFApPoMiypFiPg

Helps Update support BTB websites and Exchanges. Also the pursuit of getting Bitbar on all mainstream exchanges. Also helps to Promote and destribuite positive information and awareness of BitBar



Lets keep BTB going

[RustyShackleford1950]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

by source https://github.com/aLQ/bitbar/blob/master/src/main.h there will be

static const int64 MIN_TX_FEE = CENT/100;
static const int64 MIN_RELAY_TX_FEE = CENT/100;
static const int64 MAX_MONEY = 500000 * COIN;

500 000 COIN or am i wrong?

The same code is in PPCOIN, but ppcoin has 2,000,000,000 max?

correct

Why does everything say that PPcoin has no limit then?

[chondrite]

please Donate to keep the expanetion and greatness of  BitBar Alive

BTB_BMzJURe9otFXcgRGqpTVwFApPoMiypFiPg

Helps Update support BTB websites and Exchanges. Also the pursuit of getting Bitbar on all mainstream exchanges. Also helps to Promote and destribuite positive information and awareness of BitBar



Lets keep BTB going

"In my pocket"

[A L I E N]

Are you sure about these?

I thought it was no limit besides the 10 minute per block rate.

Also I know the difficulty changes with the network hash rate (which would put the blocks under or over 10 minutes) but I think the block reward (currently: 0.149218 BTB) decreases with time.  

Can any of the developers confirm this?

There's no absolute upper limit on the money supply. It's the same with PPCoin, Novacoin, Yacoin (all based on the same source code). Sunny is the developer of the PPCoin code on which bitbar and those others are based on. It's just a case of the more popular it gets, the smaller the block reward becomes.

We can still make predictions though

by source https://github.com/aLQ/bitbar/blob/master/src/main.h there will be

static const int64 MIN_TX_FEE = CENT/100;
static const int64 MIN_RELAY_TX_FEE = CENT/100;
static const int64 MAX_MONEY = 500000 * COIN;

500 000 COIN or am i wrong?

The same code is in PPCOIN, but ppcoin has 2,000,000,000 max?

correct

Why does everything say that PPcoin has no limit then?

From the PPcoin thread:

Is there a cap on total money supply like Bitcoin's 21 million?

Unlike bitcoin, ppcoin does not have a fixed money supply cap. However this does not mean that ppcoin is significantly more inflationary than Bitcoin. The minting design attempts to better mimick gold than Bitcoin does in our opinion. Gold does not have a known money supply cap either, but we know it's reliably scarce. For many years annual inflation of gold is around 1-3%. In ppcoin there are two types of minting, proof-of-work and proof-of-stake. The proof-of-work minting rate is regulated by Moore's Law, which dictates that our ability in proof-of-work grows exponentially. We are aware that Moore's Law eventually has to end, but by that time inflation in ppcoin is likely already approaching gold's level. The proof-of-stake minting introduces at most 1% annual inflation. Meanwhile ppcoin's transaction fees are destroyed to counterbalance these inflationary forces. So overall ppcoin's minting design is still a very low future-inflation design comparable to Bitcoin.

There is a 2-billion coin max value in the source code, however that is only used for consistency checking and is not meant to be part of the minting design.

Since 0.2 release a 'moneysupply' stat is included in the getinfo output so everyone can see how many coins are in the market.

[A L I E N]

So who dumped the 43 Bitbars on Bter?  Well I guess for every seller there is a buyer..

2013-05-24 06:24:43    Sell    Price:0.21512   43.0800BTB   9.26737BTC

[A L I E N]

So who dumped the 43 Bitbars on Bter?  Well I guess for every seller there is a buyer..

2013-05-24 06:24:43    Sell    Price:0.21512   43.0800BTB   9.26737BTC

There is

Been working on a banner..
What do you think?

It looks like a decent start.  You will have to implemented the new logo into the banner when it is chosen (I personally like peter's double B one the best).  I think a lot of those guys are web designers too and should have some good ideas.  Maybe you should post something in the logo contest thread asking for feedback.  Hopefully the logo winner could provide some designs that would be needed in the website like this banner.

[SRoulette]

Still hovering around 99-110% mining efficiency compared to bitcoin, pretty incredible that it's so consistent.

Quite easy when the market depth is shallow and the bulk of the coins are held by a few individuals. We saw the same thing happen with SolidCoin.

[limbaugh]

What do you think?

Best to leave it to the professionals.

[A L I E N]

Still haven't problems with the QT client.

It hangs at the GUI, but the client operates in the background. You just can't interact with the QT GUI.

Solutions?

aha, figured it out.

It relies on the bitcoin client for some reason, just needed to run bitcoin qt once and bitbar qt will work.

Wow thanks for this!  I had the same problem and couldn't figure out what the problem was.  What causes this?  Can't this problem be patched/fixed?