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Author Topic: [ANN] GOBYTE [GBX] - Masternodes, PoW, Secure, ASIC Resistance, GoByte Pay  (Read 59408 times)
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TAGTRAUM
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December 29, 2017, 10:35:12 AM
 #1021

how can the masternode reward be so high if 80% of the coins are locked in masternodes and its 50% mn 50% pow?

Masternode reward is coming from POW. MN reward has has nothing to do with % of locked coins, that is affecting the price of coin.

Approximated Master node profitability calculation can be made.
• Block time 150 seconds (15 GBX)
• 24 blocks per hour (360 GBX)
• 576 blocks per day (8640 GBX)
• 50% of block reward will go to MN owners (4320 GBX)

Daily 8460 GBX are generated and 50% goes to MN.

All these are approximated values, because block time is not fixed and can vary little bit.

I am hoping that it is now more clear to you how MN reward is generated. Wink

HitBTC and maybe Binance?  Smiley

Yes helps a lot thanks, will be watching this coin.

Listed on many exchanges, web wallet under development, android app, solid development plan laid out.

So is yobit and bitZ pending as in a done deal or still in talks?
We declined BitZ offer for now. Focusing on HitBTC.

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December 29, 2017, 12:03:18 PM
 #1022

list on bittrex
danieljefrry
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December 29, 2017, 12:09:43 PM
 #1023

list on bittrex

How I wish, let's work this out together and spread words about GBX. The bigger our community, the easier it'll get there.

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December 29, 2017, 12:11:06 PM
 #1024


We declined BitZ offer for now. Focusing on HitBTC.
[/quote]

Oh my GOD! Seriously? I better go get more GBX on cryptopia now, binance next sir Smiley

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December 29, 2017, 12:22:55 PM
 #1025

list on bittrex
Planning on Q1 of 2018.

kaltun
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December 29, 2017, 12:58:26 PM
 #1026

list on bittrex
Planning on Q1 of 2018.

wow , the more exchanges the more fun Smiley

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dzonikg28
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December 29, 2017, 01:00:24 PM
 #1027

list on bittrex
Planning on Q1 of 2018.

But how do you plan for that? Do you have connections to them or sufficient money to pay the listing fee (which is massive)?

 
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gobyte
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December 29, 2017, 01:06:38 PM
 #1028

list on bittrex
Planning on Q1 of 2018.

But how do you plan for that? Do you have connections to them or sufficient money to pay the listing fee (which is massive)?
Yes.

CoinStalker
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December 29, 2017, 01:58:29 PM
 #1029

how can the masternode reward be so high if 80% of the coins are locked in masternodes and its 50% mn 50% pow?

Masternode reward is coming from POW. MN reward has has nothing to do with % of locked coins, that is affecting the price of coin.

Approximated Master node profitability calculation can be made.
• Block time 150 seconds (15 GBX)
• 24 blocks per hour (360 GBX)
• 576 blocks per day (8640 GBX)
• 50% of block reward will go to MN owners (4320 GBX)

Daily 8460 GBX are generated and 50% goes to MN.

All these are approximated values, because block time is not fixed and can vary little bit.

I am hoping that it is now more clear to you how MN reward is generated. Wink

Yes helps a lot thanks, will be watching this coin.

Listed on many exchanges, web wallet under development, android app, solid development plan laid out.

So is yobit and bitZ pending as in a done deal or still in talks?
We declined BitZ offer for now. Focusing on HitBTC.

Good news Developers Smiley HitBtc or Bittrex

bushstar
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December 29, 2017, 02:45:03 PM
 #1030

Your post says the following.

Block Reward 15 GBX decreasing by 12% every year

In the source code it shows the deflation as...

Code:
    // yearly decline of production by 12% per year, projected 136m coins max by year 2050+.
    for (int i = consensusParams.nSubsidyHalvingInterval; i <= nPrevHeight; i += consensusParams.nSubsidyHalvingInterval) {
        nSubsidy -= nSubsidy/12;
    }

Please correct me if I['m wrong but the above will reduce the subsidy by a 12th of the total subsidy but not by 12% as stated.

For example...

100 / 12 = 8.33 which is a 12th of 100 and not 12% of 100 which would be 12 and not 8.33.

For your subsidy after the first year it works out as...

15 / 12 = 1.25 so subsidy after first year will be 15 - 1.25 = 13.75 coins

To reduce by 12% it should be...

15 * 0.12 = 1.8 so the subsidy according to your info should be 15 - 1.8 = 13.2 coins

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December 29, 2017, 06:22:05 PM
 #1031

50% for masternode and extant 50% for minner?
gobyte
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December 29, 2017, 07:56:46 PM
 #1032

Your post says the following.

Block Reward 15 GBX decreasing by 12% every year

In the source code it shows the deflation as...

Code:
    // yearly decline of production by 12% per year, projected 136m coins max by year 2050+.
    for (int i = consensusParams.nSubsidyHalvingInterval; i <= nPrevHeight; i += consensusParams.nSubsidyHalvingInterval) {
        nSubsidy -= nSubsidy/12;
    }

Please correct me if I['m wrong but the above will reduce the subsidy by a 12th of the total subsidy but not by 12% as stated.

For example...

100 / 12 = 8.33 which is a 12th of 100 and not 12% of 100 which would be 12 and not 8.33.

For your subsidy after the first year it works out as...

15 / 12 = 1.25 so subsidy after first year will be 15 - 1.25 = 13.75 coins

To reduce by 12% it should be...

15 * 0.12 = 1.8 so the subsidy according to your info should be 15 - 1.8 = 13.2 coins
The comment is wrong. Is somewhere around 8.33% per year.

BartoszN1990
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December 30, 2017, 01:05:48 PM
 #1033

@gobyte


Do u have plan prepare another bounty like signed ot other ? Any update info please

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December 30, 2017, 01:59:22 PM
 #1034

@gobyte


Do u have plan prepare another bounty like signed ot other ? Any update info please
Planning to make one on 31 of Dec. Something to send photos of your rig mining GBX and a Christmas element.

natan069
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December 30, 2017, 02:09:37 PM
 #1035

@gobyte


Do u have plan prepare another bounty like signed ot other ? Any update info please
Planning to make one on 31 of Dec. Something to send photos of your rig mining GBX and a Christmas element.

Nice waiting for more!  Grin

The signature campaing was very nice Smiley

I also mine too.
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December 30, 2017, 06:18:26 PM
 #1036

@gobyte


Do u have plan prepare another bounty like signed ot other ? Any update info please
Planning to make one on 31 of Dec. Something to send photos of your rig mining GBX and a Christmas element.

Where it will be, the contest, here or in Discord?  Smiley

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dzonikg28
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December 30, 2017, 06:29:06 PM
 #1037

list on bittrex
Planning on Q1 of 2018.

But how do you plan for that? Do you have connections to them or sufficient money to pay the listing fee (which is massive)?
Yes.

Excuse me sir but that answer is completely misleading. Do you have connections to them or are you forced to pay the listing fee? Is that money available?

 
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December 30, 2017, 07:19:45 PM
 #1038

@gobyte


Do u have plan prepare another bounty like signed ot other ? Any update info please
Planning to make one on 31 of Dec. Something to send photos of your rig mining GBX and a Christmas element.

Where it will be, the contest, here or in Discord?  Smiley
Both. You will have to send the images at support@gobyte.network and we will choose the winners.

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December 31, 2017, 07:14:18 PM
 #1039

Hi. There are other campaigns that take place ?
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January 01, 2018, 01:07:45 AM
 #1040

1 address has 64% of outstanding supply.

https://altmix.org/coins/16-GoByte

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