[ANN] TagCoin - Multi Token Wallet and Trading Platform

[Silez]

How can you tell how many TAG have been mined/exist?

http://explorer.tagcoin.org/utils/totalcoins.php

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[statdude]

How can you tell how many TAG have been mined/exist?

http://explorer.tagcoin.org/utils/totalcoins.php

Thanks! How many will exist?

[Reddle]

Depends on what you are looking for. As I'm only mining TAG sometimes (because I have to use my desktop for work), I like PPS pools. http://tag.cryptopools.com/ is the only PPS pool for mining TAG that I know, and it's really reliable .

I second that, it's been a great pool for me.

[Dabs]

How can you tell how many TAG have been mined/exist?

http://explorer.tagcoin.org/utils/totalcoins.php

Thanks! How many will exist?

These are my estimates, based on the known parameters:
In 1 year: 3.8 million
In 2 years: 7.5 million
In 3 years: 11.04 million

Now, I forgot to take into account the 1.5% Proof of Stake mined coins, so you have to add 1.5% every 30 days, approximately.

If I do a 1.5% Proof of Stake monthly compounded estimate, inclusive, that would mean about 19 million coins in 5 years.

I'd have to redo my math just to be sure, I had it computing only every 3 months (block reward goes down 1% every 3 months.) so the calculation is going to off, but not that much.

[tagbond]

@Dabs = The proof of stake should actually be 1.5% per year not per month. And there is a slight flaw in that at the moment, which we will fix next time we do a client update in a couple of months, as it is only paying .015 of a percent. This can be fixed by adding on reservedbalance=100000 into your TagCoin.conf file - this will stop PoS mining till the next client update, at which point you can mine all 2 or 3 months worth of coin you hold.

[Dabs]

Okay, I added that reservedbalance=100000.

Since the Proof of Stake is only 1.5% per year, (divide by 12) that comes out to 0.125% per month. It's something, but it's small.

Also, if my wallet is encrypted or it is not online (such as a paper wallet, or cold storage) then it does not generate any Proof of Stake coins?

[SeanArce]

https://soundcloud.com/naer-sri

If you like my music, send me some tagcoin

TGRrtsAMWBcdHEeoEZb2RxRd99nf46gncC

[qiwoman]

Is there a way we can earn the tagcoins through a rewards system> What sites cna we join to earn tagcoins? I like the name as well as my twitter is called goldentags and I belong to a site called Tagvillage. The Admin of that site is also CEO of Bitbillions so maybe we can work something interesting out.

[tagbond]

@ qiwoman - I am about to post a simple 5 question multi choice quiz. If you get them right, you earn 20 mTAGs, and then if you share it on facebook or another site, you earn another 20 mTAG everytime someone else takes the quiz (regardless if they get it right..  ) - You have to be SMS verified to take the quiz, but not to share it on facebook. (This is to stop scamming and web bots)

As for using TAG coins in any of your sites, feel free - there is nothing I can do to stop you, nor would I want to..you might as well take advantage of the name..

[tagbond]

Dabs - Correct, if your wallet is encrypted, it cannot mine PoS coins. As for the interest earned, it's better than the banks here..:-)

[Dabs]

Dabs - Correct, if your wallet is encrypted, it cannot mine PoS coins. As for the interest earned, it's better than the banks here..:-)

Okay, that might be an issue for some people. In those cases, we will see a lot of PoS coins not being mined because the wallets are encrypted or they are offline (paper) tagcoins, or something.

In the case of online wallets, or the official client tagcoin-qt, how long does it have to stay open and connected to mine PoS? Are there any settings needed or do I just leave it open and running the whole day? What if its only open for 8 hours a day? Like on my office computer, turns off at 5 PM.

Anyone here got some TAG they want to sell to me directly? I got a couple of bitcoins. (You send first unless your trust is higher than mine.)

[tagbond]

Well..cannot help if it is an issue, that is the way PoS works - as for blocks being mined, the more coins you have and the older they are, the faster it will mine the blocks you are allowed. So if you have plenty in the wallet, it will get them within minutes..

[Bitcoin Oz]

Pass.

[Dabs]

That's only if you want to use the exchange, to trade with fiat.

[tagbond]

We don't ask for government ID for deposits and withdrawals of Crypto Currency, but we have to by law for Fiat - this will be the same for any exchange if they want to stay legal.

Sooner or later, governments and central banks will also start pushing regulation to do the same for cryptocurrencies, the Chinese have already started on that path. I just don't want to be the first to insist on it for Crypto...

[LeftToeCut]

^ One of the reasons there is a need a darknet or decentralized exchange.

[reiqo]

Does my government id have to be on english?

[Dabs]

If the PoS mining is similar to PPCoin, then there are ways to make it mine while the wallet is encrypted, I found some threads on it. What I want to make sure is what exactly is the formula for the actual proof of stake coins.

Based on coin days, every 30 days, 1.5% per year / 12 months? Or something. If anyone can read the code and interpret it for the normal people, that would be appreciated.

What I can understand now, is that PoS mining is not exact, it is not really per month, it depends on when your tagcoin-qt client is open and connected to the tagcoin network; just that you mine faster if you have not been online for awhile, and if you have more TAG. But essentially, if it is similar to PPCoin, then the average of all PoS will be 1.5% per year, on coin transactions older than 30 days.

If you keep moving your coins, then you can't mine PoS.

I'm going to look at the source code myself, but I'm sure there are other people here who can understand it better.

*edit* of course, it's computer code, so there is an exact formula for it. I meant that it's not exact in the sense of trying to describe it in one line... Anyway, ...

[ny2cafuse]

Tagmining.com mining is currently disabled.  Please check the main pool thread for info.

[vesperwillow]

Tagmining.com mining is currently disabled.  Please check the main pool thread for info.

You should have the official thread in your sig, as a quick way to find it