[ANN][Elacoin RETARGET IMMINENT]

[barwizi]

+1 if you want these changes

1) block reward up to 50
2) retarget every hour

-1 if you disagree, please state your reasons so we can improve.

[spoid]

uhhhh sure why not, I guess it can hardly make it "more dead"? +1

[nawazish1]

+2

[dellstreakone]

+1

[barwizi]

hehehe , my 2 cents

+1

[Kyune]

I saw your post in the original thread.  I think increasing the retarget frequency is probably a good idea.

But if you are going to change the original subsidy formula

Code:

int64 nSubsidy = ((1 + (diff / 24)) * COIN) / (1 + (nHeight / 194400));

I see no reason to change the constant, that just devalues any blocks mined so far (which have all had value of 1)...just change the divisor under the difficulty so the reward ramps up quicker as more people mine the coin.

Something like:

Code:

int64 nSubsidy = ((1 + (diff / 2)) * COIN) / (1 + (nHeight / 194400));

[barwizi]

I saw your post in the original thread.  I think increasing the retarget frequency is probably a good idea.

But if you are going to change the original subsidy formula

Code:

int64 nSubsidy = ((1 + (diff / 24)) * COIN) / (1 + (nHeight / 194400));

I see no reason to change the constant, that just devalues any blocks mined so far (which have all had value of 1)...just change the divisor under the difficulty so the reward ramps up quicker as more people mine the coin.

Something like:

Code:

int64 nSubsidy = ((1 + (diff / 2)) * COIN) / (1 + (nHeight / 194400));

ok, i'll run a simulation on it and see the results.

so

[barwizi]

 
its looking good

i need more votes and help to get this thing going when i release the updated client

[ondratra]

any change to elacoin is welcomed otherwise it will be buried in a while - as it is dead since "birth"

[WindMaster]

-1

Reasoning is the same as Kyune stated above:

I see no reason to change the constant, that just devalues any blocks mined so far (which have all had value of 1)...just change the divisor under the difficulty so the reward ramps up quicker as more people mine the coin.

Everyone that has mined Elacoin so far (and that includes me) have understood the reward parameters to be a certain set of established numbers with a certain slope as block count rises, that you're proposing to change.  Effectively, you're proposing to wipe the vast majority of the value (if any) held by anyone who mined prior to your fork.

[Hydroponica]

3.93% profitability Diff could go back to zero, and it still wouldn't be worth mining.
FFS YOU CAN'T JUST CHANGE A COIN AFTER RELEASE!!!! IF YOU WANT THE COIN TO SUCCEED, PUT SOME FUCKING THOUGHT INTO IT, BEFORE YOU RELEASE IT

[barwizi]

-1

Reasoning is the same as Kyune stated above:

I see no reason to change the constant, that just devalues any blocks mined so far (which have all had value of 1)...just change the divisor under the difficulty so the reward ramps up quicker as more people mine the coin.

Everyone that has mined Elacoin so far (and that includes me) have understood the reward parameters to be a certain set of established numbers with a certain slope as block count rises, that you're proposing to change.  Effectively, you're proposing to wipe the vast majority of the value (if any) held by anyone who mined prior to your fork.

the math has been done and we have devised a way that increases reward and does not devalue the current holders, it actually increases value.

[BBQKorv]

Nearly any action will increase the value of this coin 

[BrewCrewFan]

Nearly any action will increase the value of this coin 

^this.

[barwizi]

so should i do it or not? 

[TheSwede75]

so should i do it or not? 

Do whatever you want to it! Go Go Go!
Just poke us here in this thread when we need to do something.

[BrewCrewFan]

so should i do it or not? 

so should i do it or not? 

I would do it.

[dellstreakone]

so should i do it or not? 

pls, do it

[barwizi]

ok, i'm done changing, am "test" compiling now, who would like to tell me how to compile for windows, or would the source code suffice?

[BrewCrewFan]

ok, i'm done changing, am "test" compiling now, who would like to tell me how to compile for windows, or would the source code suffice?

Make sure you have instructions for us with windows qt also....