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

[kalgecin]

So are there around 300,000 - 400,000 total Cache coins currently out there?

Is that a close figure?

Cheers!

There have been 1,679,939.33014100 cach mined so far

[Vlad2Vlad]

Total money supply can be found easily in the client, it is command "getinfo".

In the returned structure, look at field "moneysupply":

 "moneysupply" : 1255315.33387400,

As for how many coins are minted per day - you have to examine the blockchain to find the exact number, but I estimate it is about 6500 CACH/day currently.

How can there be 1.6 million CACHE mined so far when the max cap is 1.25 million total coins.

If that's the case, what's the real max cap?

And can we kill it, please?  TIA


Cheers!

[1qaz]

Total money supply can be found easily in the client, it is command "getinfo".

In the returned structure, look at field "moneysupply":

 "moneysupply" : 1255315.33387400,

As for how many coins are minted per day - you have to examine the blockchain to find the exact number, but I estimate it is about 6500 CACH/day currently.

How can there be 1.6 million CACHE mined so far when the max cap is 1.25 million total coins.

If that's the case, what's the real max cap?

And can we kill it, please?  TIA


Cheers!

you wallet and blockchain old & actual wallet supply 1.7 million

capital - Maximum of ~2 Billion coins

[Vlad2Vlad]

Total money supply can be found easily in the client, it is command "getinfo".

In the returned structure, look at field "moneysupply":

 "moneysupply" : 1255315.33387400,

As for how many coins are minted per day - you have to examine the blockchain to find the exact number, but I estimate it is about 6500 CACH/day currently.

How can there be 1.6 million CACHE mined so far when the max cap is 1.25 million total coins.

If that's the case, what's the real max cap?

And can we kill it, please?  TIA


Cheers!

you wallet and blockchain old & actual wallet supply 1.7 million

capital - Maximum of ~2 Billion coins

Max cap is 2 billion coins?  Hahaaaa.

This should be at 1 sat if that's true!  lol

[Beave162]

Max cap is 2 billion coins?  Hahaaaa.

This should be at 1 sat if that's true!  lol

I believe CACHE was cloned from YACoin. If that is true, the 2 billion max refers to the amount of coins that can be sent at one time. Perhaps someone code-savvy could paste that line of code.

Like PeerCoin and YACoin, CACHE could be DEFLATIONARY at some point due to the fact that transaction fees are destroyed as opposed to paid to blockchain transaction processors (miners). Of course, the hashrate would have to increase significantly, and also the 'money velocity' of the CACHE economy has to increase.

Bottomline: CACHE money supply is indeed limited, but there is no set maximum (if it is like YACoin).

It isn't so simple to assume that coin inflation rates have a direct effect on the price. PoS encourages hoarding of coins. The issue with that feature of PeerCoin and YACoin-like coins is staying on exchanges because not a lot of people want to move their money and destroy coin-age. If CACHE can stay on Cryptsy (I don't think Crypty has removed any coins), it could have a future. The inflation model is interesting...

[Vlad2Vlad]

Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).

Can't anybody confirm this so it's clear.  It's a very important aspect to investing in any coin. 

Cheers!

[Beave162]

Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).

Can't anybody confirm this so it's clear.  It's a very important aspect to investing in any coin. 

Cheers!

It is so easy with BTC and LTC.

PoW/PoS need tools to show investors that your 10% ownership of the money supply won't turn into 1% in a few years--OR will it!?

Here are a couple for YAC. Perhaps, that guy who just bought a ton of CACHE should invest in something similar:

http://forecast.yacoin.net/

http://explore.grokonet.com/?inflation=1

[kiffner]

I would like to hire rig. anyone interested?

[donschoe]

Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).

Can't anybody confirm this so it's clear.  It's a very important aspect to investing in any coin. 

Cheers!

Technically the coins supply is not limited, no.

[Beave162]

Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).

Can't anybody confirm this so it's clear.  It's a very important aspect to investing in any coin. 

Cheers!

Technically the coins supply is not limited, no.

Technically, there are limits; therefore, it is limited.

[donschoe]

Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).

Can't anybody confirm this so it's clear.  It's a very important aspect to investing in any coin. 

Cheers!

Technically the coins supply is not limited, no.

Technically, there are limits; therefore, it is limited.

Indeed, let me rephrase this.

Practically, the coin supply is not limited.

[Vlad2Vlad]

Wow, these answers are all over the place.

I've never seen any coin where the current coins outstanding were such a mystery.

And the same goes for the max supply.

Can we at least get a clear answer for the current total outstanding coins.  And the current monthly subsidy [inflation]?

And then we can pretend the max cap can go to some very vague infinity.


Thanks!

[vertoe]

Can we at least get a clear answer for the current total outstanding coins.  And the current monthly subsidy [inflation]?

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 :-)

And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).

[Vlad2Vlad]

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 :-)

And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).

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

And one guy already did that and posted max supply as 1.2 million which was then disputed so it would be nice to get someone who really knows what's going on with this coin to clarify.

Thanks!


Edit:  Coinmarketcap says there are less than 400k Cache coins outstanding. I would assume their source is verified and reliable.

[kalgecin]

Wow, these answers are all over the place.

I've never seen any coin where the current coins outstanding were such a mystery.

And the same goes for the max supply.

Can we at least get a clear answer for the current total outstanding coins.  And the current monthly subsidy [inflation]?

And then we can pretend the max cap can go to some very vague infinity.


Thanks!

There is no limit on how many coins can be mined. But on each transaction, the coin fees are destroyed. So new coins get generated while old ones get destroyed.

Can we at least get a clear answer for the current total outstanding coins.  And the current monthly subsidy [inflation]?

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 :-)

And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).

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.

[Vlad2Vlad]

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.

I can't believe how complicated this is.

So is coinmarketcap correct, are there roughly 350,000 total cache coins outstanding right now?  Is that part correct?

If it is then the inflation is very low indeed so even if the max cap is high it wouldn't bother me much.

Thank you!

[Beave162]

There is no limit on how many coins can be mined. But on each transaction, the coin fees are destroyed. So new coins get generated while old ones get destroyed.

You should avoid terms like 'no limit' or 'unlimited';... it implies infinite or endless. In infinite time, will there be 1 trillion CACHE at some point? The answer is no, not necessarily, probably not, because there are limits. The amount of coins that can be 'mined' could be 1 CACHE per month, which would be pretty meaningless if 1,000+ coins are destroyed per month in a healthy CACHE economy It is the same with PeerCoin, YACoin

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. Theoretically, the NFactor change could attract more miners (CPUs and high VRAM GPUs gain competitive advantages) enough so to actually increase the difficulty after an NFactor change, but we have yet to see that result in any of the scrypt-chacha coins as of yet.

[Beave162]

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.

I can't believe how complicated this is.

So is coinmarketcap correct, are there roughly 350,000 total cache coins outstanding right now?  Is that part correct?

If it is then the inflation is very low indeed so even if the max cap is high it wouldn't bother me much.

Thank you!

Do you have US dollars? Do you want to talk about that money supply? 'Complicated' wouldn't even begin to describe it.

There is no 'cap' on the CACHE money supply. Again, the tools I mentioned previously for YACoin would benefit CACHE as well:
http://forecast.yacoin.net
http://explore.grokonet.com/?inflation=1

[Vlad2Vlad]

What bullishit.  I have never seen an altcoin where it was impossible to tell the current coins outstanding, max supply or inflation rate.

Lots and lots of FUD here.

[Beave162]

What bullishit.  I have never seen an altcoin where it was impossible to tell the current coins outstanding, max supply or inflation rate.

Lots and lots of FUD here.

PeerCoin... You are making it out to be more 'complicated' than it really is. Granted, Bitcoin is very simple in terms of money supply, but perhaps it attracts too many simple-minded people? The kicker is that government fiat currencies are so incredibly complicated, manipulated, corrupt, yet barely anyone seems to care about that (M1-2-3-4, quantitative easing, fractional reserve banking, etc).

"FUD"? Do you know what that means? "bullishit"? Why did you just become a petulant child?

There are too many people on these forums who have lacked (still lack) parental guidance.

For the adults:

-Every 15 minutes, Blockchain Transaction Processors (miners) are rewarded an amount of CACHE, which is calculated through an inversely proportional relationship to the difficulty.
-People with CACHE are rewarded with what is essentially 'interest' for holding coins in their wallet that is set to a max percentage rate. (Is it ~5% per year? Needs to be in the OP.)

-Transaction fees are destroyed as a deflationary pressure to combat the inflationary pressures above.
-Like all cryptocurrencies, coins can be destroyed deliberately, or they can be lost.