[ANN] [QRK] Quark | Core 0.10 upgrade

[Pantagruel]

so we have the EQ reward coming up right

When will this come up, and is this already inspectable at github?

Sorry but i still have to perfect my education... What is an EQ reward ?  

[georgem]

so we have the EQ reward coming up right

When will this come up, and is this already inspectable at github?

Sorry but i still have to perfect my education... What is an EQ reward ?  

Well, that's what I want to find out too, that's why I asked for some sourcecode.

EQ supposedly is some kind of "fix" that will help create more incentives for miners to mine QRK (and therefore secure transactions) after we leave the 6month initial mining period, and enter the 0.5% per year mining period.

http://forum.qrk.cc/thread/874/quark-secured-after-initial-distribution

If that is something new that will be added soon... I ask myself what is this that we have now??

How is the issuing of 1 million coins per year controlled at the moment, and how will it change once the EQ-Fix will be applied?

Will the EQ-Fix simply add more money per year for the miners? Is that what I am reading between the lines?

The miners have only one incentive: making money, and securing the money they already have.

[georgem]

or maybe I misunderstood this.

Is EQ-Reward simply the name of the 1-million-coins-a-year period ?

Or is this something new that will be added?

[Netnox]

For those who don't know yet.
There is a Quark Introducton Video in progress.
People are donating to this project.
If you want to donate or have suggestions for a storyboard for the video, make a post.

It's going to be good.

http://forum.qrk.cc/thread/1044/introduction-animation-video

[GreenWins]

For those who don't know yet.
There is a Quark Introducton Video in progress.
People are donating to this project.
If you want to donate or have suggestions for a storyboard for the video, make a post.

It's going to be good.

http://forum.qrk.cc/thread/1044/introduction-animation-video

Also CoinKite seem to be interested in Quark.
http://www.reddit.com/r/QuarkCoin/comments/1tev2y/quarkcoin_on_coinkite/

Help make some noises and get Quark onto Coinkite.
Here is their facebook and twitter.

https://www.facebook.com/CoinKite
https://twitter.com/coinkite

[ledniy]

How many hashes does it take to find a share?

[Promethium]

How many hashes does it take to find a share?

Current Network Hashrate 769.5147 GH/s
Block Interval 30 sec
GigaHashes per Block 23,085.441
16 Quarks per Block (Halving to 8 SOON)
1,442.8400625 Gigahashes per Quark

Is that what you had in mind?

[ledniy]

How many hashes does it take to find a share?

Current Network Hashrate 769.5147 GH/s
Block Interval 30 sec
GigaHashes per Block 23,085.441
16 Quarks per Block (Halving to 8 SOON)
1,442.8400625 Gigahashes per Quark

Is that what you had in mind?

want to make a calculator for MH/s
i have formula and i need hash per share:

Code:

var SecondsPerYear = 365.25 * 24.0 * 3600.0;
	
	var hashTime = difficulty * hashPerShare / (1 * 1000000.0);
	var blocksPerYear = SecondsPerYear / hashTime;
	var coinsPerYear = coinPerBlock * blocksPerYear * (1-1/100);
	var coinsPerDay = Math.round(coinsPerYear / 365.25 * 100000000) / 100000000;

[victzhang]

769.5147 GH/s is really a huge number, considering that the hash rate of a single computer is 0.1-1MHash/s. This essentially means there are at least 769,000 computers are connected to the Quark network...

[georgem]

769.5147 GH/s is really a huge number, considering that the hash rate of a single computer is 0.1-1MHash/s. This essentially means there are at least 769,000 computers are connected to the Quark network...

hm, a bit high isn't it?

there must be another explanation.

[iwantcoins]

Getting about 90 Quarks per day using this software
http://reviewoutlaw.com/how-to-start-mining-quarks-bitcoins-mining-the-simple-guide/
and a i7 3930k windows 8.1 pro 16gb , SSD just wondering what everyone else is getting?
http://i2.wp.com/reviewoutlaw.com/wp-content/uploads/2013/12/quarkcoin.png?resize=195%2C195

[gnode]

769.5147 GH/s is really a huge number, considering that the hash rate of a single computer is 0.1-1MHash/s. This essentially means there are at least 769,000 computers are connected to the Quark network...

hm, a bit high isn't it?

there must be another explanation.

Vircurex shows the diff at 6254 and the hashrate at 886 GH/s

[digitalindustry]

or maybe I misunderstood this.

Is EQ-Reward simply the name of the 1-million-coins-a-year period ?

Or is this something new that will be added?

ha ha did you actually read this:

http://forum.qrk.cc/thread/874/quark-secured-after-initial-distribution

it actually really clearly explains it and bolds and underlines the key points:


-----------------------------------------------------------------------------------------------------------------------------

****  Ok guys sorry for the slow response here - i have been busy and hopefully i can show you some of the results of my work soon -

****** when you come from a "Crypto" background you take things for granted - and I never let people push a narrative onto me , ( i'm not saying this reasonable question was aiming to do that by the way ) , but i have noticed an increase of chatter around this issue -

so lets explain - how Quark will be secured -:




What is the EQ Reward :

Quark has an EQ Reward

EQ reward Stands for "Equilibrium Reward"

One thing I did learn from Bill Still and other master economists is that a "Fixed" Currency supply is the best possible option when there are options .

Quark aims to be a Fixed currency supply by having an Equilibrium (EQ) Reward that both replaces lost Quark and allows for population and economics energy growth -

Quark is still deflationary - but not as harshly deflationary as say Bitcoin or Litecoin and many of the other "coins".

This EQ reward , serves as a reward for miners , so as it is the base that attempts to keep the supply "fixed" it is also the reward for miners to continue to mine for Quark -


--------


Question;  is the EQ Reward enough incentive ?

Answer yes probably:

but :

Lets explain:



--------




What are "Transaction Fees" and why are they important to Bitcoin and Litcoin ; Why and how does Quark have no Transaction fees ?

 
Bitcoin and Litecoin both have fairly reasonable Transactions fees , so to explain that :


if Joe send Bill 2000BTC there is a fairly decent transaction fee involved , This Transaction fee is meant to be used to recycle back to miners as a reward ( as Bitcoin is fixed harshly at less than 21 million)

^ so notice here to drive this point home , no new BTC was issued instead it was paid by Joe when he sent Bill the 2000BTC , after Joe paid the fee,  it gets put back into the "Block reward" to be mined  randomly by someone that owns an "ASIC"

in contrast:

Quark provides its users and investors with a Fee FREE environment this is because of the EQ reward , this means that if you are a SME or small business ,or a home business ; www.keepitwooden.com/ < (i'm buying some : D) you have no fees to worry about what so ever -

However if the EQ Reward was not looking like it would be enough incentive (for miners) we would likely introduce a very small fee < now it is important to understand this is not inflationary as just like Bitcoin this is just existing Quark being recycled back to Miners -

We would throw this to the Quark community for feedback - , but rest assured the fee would be lower than BTC or any other Crypto as Quark has massive volume , the fee would only need to be tiny - .


So in this case the Reward would look like this

(EQ Reward + Small Fee) = Miners incentives .

^ out of the above simple equation only, I believe that the Quark community would be more than happy to pay a slight fee back to its miners - which are also probably the same community - and to help secure Quark for everyone into the future - 



---------




Then on top of that >


We know some of the best coders in the game that have been making Cryptocurreny since its inception there are many security measures that can be put on top of this ; rest assured we have powerful enemies now , some people really do hate free markets and they hate freedom .

but no matter how powerful they think they are - they are not bigger than the free market , no matter what they believe . and Freedom is an idea that does not die easily.

[digitalindustry]

http://blog.coinmkt.com/

^ also that .

[Netnox]

or maybe I misunderstood this.

Is EQ-Reward simply the name of the 1-million-coins-a-year period ?

Or is this something new that will be added?

ha ha did you actually read this:

http://forum.qrk.cc/thread/874/quark-secured-after-initial-distribution

it actually really clearly explains it and bolds and underlines the key points:


-----------------------------------------------------------------------------------------------------------------------------

****  Ok guys sorry for the slow response here - i have been busy and hopefully i can show you some of the results of my work soon -

****** when you come from a "Crypto" background you take things for granted - and I never let people push a narrative onto me , ( i'm not saying this reasonable question was aiming to do that by the way ) , but i have noticed an increase of chatter around this issue -

so lets explain - how Quark will be secured -:




What is the EQ Reward :

Quark has an EQ Reward

EQ reward Stands for "Equilibrium Reward"

One thing I did learn from Bill Still and other master economists is that a "Fixed" Currency supply is the best possible option when there are options .

Quark aims to be a Fixed currency supply by having an Equilibrium (EQ) Reward that both replaces lost Quark and allows for population and economics energy growth -

Quark is still deflationary - but not as harshly deflationary as say Bitcoin or Litecoin and many of the other "coins".

This EQ reward , serves as a reward for miners , so as it is the base that attempts to keep the supply "fixed" it is also the reward for miners to continue to mine for Quark -


--------


Question;  is the EQ Reward enough incentive ?

Answer yes probably:

but :

Lets explain:



--------




What are "Transaction Fees" and why are they important to Bitcoin and Litcoin ; Why and how does Quark have no Transaction fees ?

 
Bitcoin and Litecoin both have fairly reasonable Transactions fees , so to explain that :


if Joe send Bill 2000BTC there is a fairly decent transaction fee involved , This Transaction fee is meant to be used to recycle back to miners as a reward ( as Bitcoin is fixed harshly at less than 21 million)

^ so notice here to drive this point home , no new BTC was issued instead it was paid by Joe when he sent Bill the 2000BTC , after Joe paid the fee,  it gets put back into the "Block reward" to be mined  randomly by someone that owns an "ASIC"

in contrast:

Quark provides its users and investors with a Fee FREE environment this is because of the EQ reward , this means that if you are a SME or small business ,or a home business ; www.keepitwooden.com/ < (i'm buying some : D) you have no fees to worry about what so ever -

However if the EQ Reward was not looking like it would be enough incentive (for miners) we would likely introduce a very small fee < now it is important to understand this is not inflationary as just like Bitcoin this is just existing Quark being recycled back to Miners -

We would throw this to the Quark community for feedback - , but rest assured the fee would be lower than BTC or any other Crypto as Quark has massive volume , the fee would only need to be tiny - .


So in this case the Reward would look like this

(EQ Reward + Small Fee) = Miners incentives .

^ out of the above simple equation only, I believe that the Quark community would be more than happy to pay a slight fee back to its miners - which are also probably the same community - and to help secure Quark for everyone into the future - 



---------




Then on top of that >


We know some of the best coders in the game that have been making Cryptocurreny since its inception there are many security measures that can be put on top of this ; rest assured we have powerful enemies now , some people really do hate free markets and they hate freedom .

but no matter how powerful they think they are - they are not bigger than the free market , no matter what they believe . and Freedom is an idea that does not die easily.

Well explained thank you

[Netnox]

http://blog.coinmkt.com/

^ also that .

That's great. Lot of progression regarding Quark lately

[Netnox]

For those who don't know yet.
There is a Quark Introducton Video in progress.
People are donating to this project.
If you want to donate or have suggestions for a storyboard for the video, make a post.

It's going to be good.

http://forum.qrk.cc/thread/1044/introduction-animation-video

Also CoinKite seem to be interested in Quark.
http://www.reddit.com/r/QuarkCoin/comments/1tev2y/quarkcoin_on_coinkite/

Help make some noises and get Quark onto Coinkite.
Here is their facebook and twitter.

https://www.facebook.com/CoinKite
https://twitter.com/coinkite

[Gasai Yuno]

slowly i am losing my trust to quark 

[digitalindustry]

slowly i am losing my trust to quark 

awww - lets fix that , whats the problem ?

[hypersire]

slowly i am losing my trust to quark 

I am not surprised. Like 95% of people who post FUD about Quark, your account was registered less than 2 weeks ago and all of your other posts are regarding Dogecoin. What I really would like to know is how many of you are there. I mean, I'm starting to wonder if there are just 10 or 20 of you guys out there with like 50 accounts each. It's getting really pathetic.