[ANN] TagCoin - Multi Token Wallet and Trading Platform

[sheinsha]

Ok i talked to dev and confirmed that we need 200 confirms per block to become available as balance.

TAGCOIN NEEDS 200 CONFIRMS FOR A BLOCK TO BE USABLE HENCE WE NEED 200 CONFIRMS TO SEND PAYOUTS ON THE POOL

We have 2 blocks already confirmed on tag.minar.cc that have already been paid out to users' wallets

So as soon as they become confirmed, they will be paid out as supposed to.

EDIT: Just to let you know.. 200 block @4min/block are more than 13 hours...

[1714134430]

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[1714134430]

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[1714134430]

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[johndec]

OK, I read the OP a couple of days ago and thought this looks like a really well thought out coin/business model.  It has now been 12 hours since launch and it appears to be a massive clusterfuck...  Glad it's not my millions (according to OP) backing this venture.

One thing I can't get my head around is the difficulty increase.  According to the specs, it should have increased a maximum of 6 times by now at a maximum of 25% per jump.  Unless my maths is way out we should be looking at a difficulty of 1.907 however the current difficulty is more than 10 times that at 20.08?

Launch diff = 0.5
After 2 hours diff = 0.5 x 1.25 = .625
4 hours = 0.781
6 hours = .976
8 hours - 1.220
10 hours = 1.525
12 hours = 1.907

Devs, have you changed the parameters on the run?  If so, it is only fair to disclose this.  If not, you've screwed something up badly.

[markm]

Its presumably not real hours, but, rather, block-hours, that is, the number of blocks that ought to correspond to two hours if in fact the blocks were being created at the target rate... In other words, 120 minutes divided by 4 minutes, thus every 30 blocks. When blocks come fast, it thus happens faster, when they come slow, it presumably would come slower... Same applies to years in bitcoin's supposed four years between block reward changes and so on and so on...

-MarkM-

[tagbond]

The business model is not about TagCoin, it is about building a platform for rewards and payments for which cryptocoin is a part. TagCoin is just one of any cryptocoin that can be used within the system.

We cannot control the mining pools who accidentally post the wrong info - at the moment, coins are being generated and paid out, so there are no problems if on the correct fork.

Will get back to the forum as to the diff. We haven't changed anything so it's a bit of a puzzle.

[tagbond]

If anyone wants to create a Mac, Ubuntu or Android Client, let me know how much you would like in BTC or TAG to create.

[halibit]

ID
4192

wallet:
TWrsAX6V3CDUEuGBsRm744AiVHyQ623TcA

thaks

[johndec]

Its presumably not real hours, but, rather, block-hours, that is, the number of blocks that ought to correspond to two hours if in fact the blcoks were being created at the target rate... In other words, 120 minutes divided y 4 minutes, thus every 30 blocks. When blocks come fast, it thus happens faster, when they come slow, it presumably would come slower... Same applies to years in bitcoin's supposed four years between block reward changes and so on and so on...

-MarkM-

Mark, a quote from the OP:

Twelve retargets per day with a maximum swing in either direction of 25%

Sounds to me they are talking about real hours not blocks.

[MaGNeT]

Its presumably not real hours, but, rather, block-hours, that is, the number of blocks that ought to correspond to two hours if in fact the blcoks were being created at the target rate... In other words, 120 minutes divided y 4 minutes, thus every 30 blocks. When blocks come fast, it thus happens faster, when they come slow, it presumably would come slower... Same applies to years in bitcoin's supposed four years between block reward changes and so on and so on...

-MarkM-

Mark, a quote from the OP:

Twelve retargets per day with a maximum swing in either direction of 25%

Sounds to me they are talking about real hours not blocks.

Every coin talks about either "retarget every x hours" or "x retargets per day/week".
That's based on the amount of blocks between a retarget.

Blocks per retarget * expected time between blocks = time between retargets.

So when diff and hashrate are more stable, you will see 12 retargets a day.
But while hashrate is still growing, blockrate is faster what makes time between blocks shorter and retargets faster.

[johndec]

Magnet.  Yeah just took a look at the stats after 12 hours and the coin was already past block 800 when it should be at block 180.  So it's going at over 4 times the expected speed.  Couldn't be bothered crunching the numbers but I'm guessing that the diff is about right for 800+ blocks in 12 hours.  Still a noob mistake in the OP promising one thing and delivering something else.  It would have been nice however to let the early adopters get in at a diff of 2 rather than 20!!   

[MaGNeT]

Magnet.  Yeah just took a look at the stats after 12 hours and the coin was already past block 800 when it should be at block 180.  So it's going at over 4 times the expected speed.  Couldn't be bothered crunching the numbers but I'm guessing that the diff is about right for 800+ blocks in 12 hours.  Still a noob mistake in the OP promising one thing and delivering something else.  It would have been nice however to let the early adopters get in at a diff of 2 rather than 20!!  

Diff retarget for Bitcoin is 2 weeks, or 2016 blocks (2016 * 10 minutes = 20,160 minutes = 2 weeks). But now ASICS push up speed, it's always faster than 2 weeks because average time between blocks is smaller than 10 minutes.
Same happens to a coin when it's launched, like this one.

If they did what you want, the "early adopters" would be the guys with >10 rigs.

[MaGNeT]

Current Difficulty:   20.08564885

 

[halibit]

Current Difficulty:   20.08564885

 

I that bad luck or what ?
Est. Avg. Time per Round    9 minutes 6 seconds
Est. Shares this Round    9,463 (done: 448.79 %)
Time Since Last Block    40 minutes 27 seconds
 

[halibit]

Current Difficulty:   20.08564885

 

I that bad luck or what ?
Est. Avg. Time per Round    9 minutes 6 seconds
Est. Shares this Round    9,463 (done: 448.79 %)
Time Since Last Block    40 minutes 27 seconds
 

No it wasn't.
This is...
Est. Avg. Time per Round    9 minutes 5 seconds
Est. Shares this Round    9,463 (done: 571.36 %)
Time Since Last Block    51 minutes 29 seconds

[johndec]

ID 4252

TNQASnyaM3vJmUPMgdxHNyZXTQb82Pvtia

[markm]

I tried mining on Cryptominer and a while ago I had one point smething coins of confirmed earnings, now it shows zero confirmed earnings.

That seems like worse than just bad luck... The pools are not mining on the main chain to such an extent that a 200+ block re-arrangement took place or something

I had not mined 13 hours though so maybe it was that they had not set 200 blocks as the confimation threshold? So maybe my coins still are in the acocnt its just that now the code realises they are not confirmed yet?

-MarkM-

[torzsy]

I tried mining on Cryptominer and a while ago I had one point smething coins of confirmed earnings, now it shows zero confirmed earnings.

That seems like worse than just bad luck... The pools are not mining on the main chain to such an extent that a 200+ block re-arrangement took place or something

I had not mined 13 hours though so maybe it was that they had not set 200 blocks as the confimation threshold? So maybe my coins still are in the acocnt its just that now the code realises they are not confirmed yet?

-MarkM-

I changed the confirmations to 240 from 120 after seeing that 200 confs need to mature the coins. Thats why you dont see your coins confirmed. Nothing is lost. Just need more time to get your coins confirmed.

[johndec]

coin appears to have been stuck on block 850 for nearly 1/2 an hour

[torzsy]

coin appears to have been stuck on block 850 for nearly 1/2 an hour

Its not. Diff is high. Pool found #851.

[johndec]

No wonder the diff is through the roof.  Got enough yet BCX?

Difficulty is shooting up.  

That's because I dropped 550 mhs on it.

After I mine a few I will pull back.

~BCX~

[Fablio2]

People, you are crazy, why are you mining this? Dif is so HI that you will not earn much. It's better to mine LTC or FTC