[ANN][CACH] CACHeCoin released based on scrypt-jane

[singula]

If is quite easy to find out current amount of coins (do "getinfo" on the coin daemon and check for "moneysupply").
It is a bit harder to estimate the number of coins being mined through time. The PoS is limited to 5% annually (in ideal conditions when coins are not moved and you get really lucky with PoS "mining", in reality it is less - I guess around 1-2% annually may be realistic), the mining does not have any sort of artificial limits, as the block reward depends on the difficulty, etc ... though the history, I've seen the block rewards mostly between 12 and 60 per block.

[Siggi84]

Current coin supply is available in "getinfo" output under "moneysupply". I have no client handy, but if you need that number so bad, download a client :-)

Don't have my laptop and unfortunately, I'm not a techie.

--> "moneysupply" : 1692289.84380800 

[Vlad2Vlad]

Ok, so the current total money supply (total current outstanding cache coins) is now 1.6 million.  Correct?

And there is currently no PoW?  Correct?

And the PoS is only 5% per year but due to destruction of coins (fees) the actual real inflation rate is closer to 1-2%.

Is all of this correct?  If not, if there is also PoW, then roughly how much is that per month in new coins?  Just an average.

I have no problem with infinity coin generation if it's inder 3% annually given that is barely enough to combat negative economic and monetary forces.

If this is all the inflation and current dilution Cache has, then it's great news.

Thank you all!

[vertoe]

The rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.

When the NFactor changes, the hashrate of your GPU, CPU drops by at least half, which results in difficulty decreasing, thus block reward increasing.

Exactly.

[1qaz]

Ok, so the current total money supply (total current outstanding cache coins) is now 1.6 million.  Correct?

And there is currently no PoW?  Correct?

money supply yes correct now - 1.7 million

POW and POS  at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s

[Vlad2Vlad]

money supply yes correct now - 1.7 million

POW and POS  at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s.

Man, you were doing so well until you said that last part.

How can there be so many Chinese on one single thread?  I no understand nothing.

Ok, so cache has been around at least 1 year during which time only 1.7 million coins have been minted.

Therefore, whatever n-Equals and all the other Chinese variables, the inflation is low and if the coin is taken over the inflation could be cut back even more and a low max cap can even be set.


So the question now is:  Why would a forgotten ShitCoin [CACHE] spike 1100% in a single day on huge 55 Bitcoin volume?


Any English speakers here who can answer that one?  TIA

[Beave162]

money supply yes correct now - 1.7 million

POW and POS  at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s.

Man, you were doing so well until you said that last part.

How can there be so many Chinese on one single thread?  I no understand nothing.

Ok, so cache has been around at least 1 year during which time only 1.7 million coins have been minted.

Therefore, whatever n-Equals and all the other Chinese variables, the inflation is low and if the coin is taken over the inflation could be cut back even more and a low max cap can even be set.


So the question now is:  Why would a forgotten ShitCoin [CACHE] spike 1100% in a single day on huge 55 Bitcoin volume?


Any English speakers here who can answer that one?  TIA

Lmao

I believe calling it "ShitCoin" puts you in 'Troll' territory? Why are you so interested in who bought so much?

But... I want to know the answer to that question too! That person could have bought YACoin instead!

My guess is that it was someone Chinese. There was no announcement or activity on this thread. ZcCoin is about to be the biggest scrypt-chacha coin, and I don't think the wallet has been updated in over a year... But it is on a prominent Chinese exchange.

BTW Vlad, you should visit the UTC thread if you want entertainment from non-English speaking crazies.

[Vlad2Vlad]

Beave, I was only joking about the English.  I was talking about the tech jargon, it's chinese to me.

Every coin with no real development is a ShitCoin, even coins I truly love and invest in.  Cache is by far a bigger ShitCoin than those coins.  Nothing personal, it's just the way it is.

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

That's interesting.

Does the name CACHE or CACH mean something in Chinese?

Cheers!

[1qaz]

any news ?  How can I help the project .  PM

[Vlad2Vlad]

any news ?  How can I help the project .  PM

Any dev team needs coders or promoters.

If you can code well then I'm sure they can use you.

Thanks for offering!

[Sy]

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

At what date did it hit 55 btc? Did i miss something?

[Stenull]

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

At what date did it hit 55 btc? Did i miss something?

Me 2 want to know this

[vertoe]

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

At what date did it hit 55 btc? Did i miss something?

Me 2 want to know this

Isnt the market cap like 11 btc? How is 55 btc possible? :-)

[Vlad2Vlad]

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

At what date did it hit 55 btc? Did i miss something?

About 2 weeks ago the volume for Cache hit 55 Bitcoins.  The price was up 1100% per coinmarketcap and the price on Cryptsy that day was around 4,000 sat.

So why would the volume spike that much, was it an error?

Is CACHE on any Chinese exchanges?  I find it hard to believe this coin had such high volume and zero talk about it and no news.

And there are large blocks for sale at below 500 sat everyday - so how can there be only 1.7 million coins out?

And who would dump so much at sub 500 when it was at 4,000 just 2 weeks ago.

Very odd!!!

[Vlad2Vlad]

One more thing.

The dev logged on a few days ago but no comment?  You'd think he'd have something to say after his coin was up 1100% on huge volume.

And interestingly, his account is for sale.  So maybe someone is interested in buying his account plus CACHE.  The name can fill a good niche market.

Does anybody know if the dev owns the major CACHE domains, like CacheCoin.com?  Those could be worth a lot to the right corporation.

[platinum4]

I'm looking to rent a small or large number of rigs running scrypt-chacha / scrypt-jane - please contact me via PM ASAP so we can work something out.

[atavacron]

Unless this coin is under a new developer or community takeover, I would suggest people stay away from it.
Many people, including myself, lost a large amount of money investing in Fibonacci/Cachecoin.

Read up on the following and judge for yourself.

Topic: WARNING: JASINLEE / Fibonacci / XC / Cachecoin / Devtome

https://litecointalk.org/index.php?topic=21506.0

[Vlad2Vlad]

Unless this coin is under a new developer or community takeover, I would suggest people stay away from it.
Many people, including myself, lost a large amount of money investing in Fibonacci/Cachecoin.

Read up on the following and judge for yourself.

Topic: WARNING: JASINLEE / Fibonacci / XC / Cachecoin / Devtome

https://litecointalk.org/index.php?topic=21506.0

Thanks for the warning.

Can you give a plausible explanation why CACHE saw such a huge spike in price on massive volume for absolutely no reason?  I see little risk at 300 Satoshi, BTW.  I doubt any dev is dumping here for the big bucks.

Cheers!

[atavacron]

Unless this coin is under a new developer or community takeover, I would suggest people stay away from it.
Many people, including myself, lost a large amount of money investing in Fibonacci/Cachecoin.

Read up on the following and judge for yourself.

Topic: WARNING: JASINLEE / Fibonacci / XC / Cachecoin / Devtome

https://litecointalk.org/index.php?topic=21506.0

Thanks for the warning.

Can you give a plausible explanation why CACHE saw such a huge spike in price on massive volume for absolutely no reason?  I see little risk at 300 Satoshi, BTW.  I doubt any dev is dumping here for the big bucks.

Cheers!

Sorry, I do not know.  I just happen to see this thread on page one of BCT.  I thought I'd chime in with my past experience and offer a resource for further info.

[socoban]

What chinese exchange is CACHE on, BTW.  That's news to me.  What was the volume there when it hit 55 btc on Cryptsy?

At what date did it hit 55 btc? Did i miss something?

About 2 weeks ago the volume for Cache hit 55 Bitcoins.  The price was up 1100% per coinmarketcap and the price on Cryptsy that day was around 4,000 sat.

So why would the volume spike that much, was it an error?

Is CACHE on any Chinese exchanges?  I find it hard to believe this coin had such high volume and zero talk about it and no news.

And there are large blocks for sale at below 500 sat everyday - so how can there be only 1.7 million coins out?

And who would dump so much at sub 500 when it was at 4,000 just 2 weeks ago.

Very odd!!!

I was checking CACHE all the time during that pump. It was one guy, buying and selling to himself. He was buying large amount starting at 150 satoshi slowly for long time. Than he was buying and selling to himself to create volume and let other dump. Then he pumped price to 4000. I sold him all my Cache I had at 1500-2900 satoshi. He owned more than 50% of all CACHe. I think he just wanted to pump it and than slowly sell expensive. He was succesfull, he earned few btc. Than he dumped. Nothing more..