Mk2vr6
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February 18, 2014, 03:24:31 AM |
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I would definitely keep it 50 billion as it was stated in the initial coin post.
But let's keep it long term, so the coin won't die.
How about such solutions (10 or 20 years of mining):
~ 10 years of steady mining
1/ 500,000 20000 10 000 000 000 2/ 250,000 20000 5 000 000 000 3/ 125,000 20000 2 500 000 000 4/ 62,500 20000 1 250 000 000 5/ 31,250 20000 625 000 000 6/ 15,625 20000 312 500 000
19 687 500 000
And after reaching ~ 20 billion coins stop halving process and keep it 15625 coins / block.
With 2.5 minutes blocks we have 576 blocks / day.
576 blocks x 15625 coins = 9 000 000 coins / day x 365 = 3 285 000 000 coins / year.
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~ 20 years of steady mining
1/ 500,000 20000 10 000 000 000 2/ 250,000 20000 5 000 000 000 3/ 125,000 20000 2 500 000 000 4/ 62,500 20000 1 250 000 000 5/ 31,250 20000 625 000 000 6/ 15,625 20000 312 500 000 7/ 7,812.5 20000 156 250 000
19 843 750 000
And after reaching ~ 20 billion coins stop halving process and keep it 7812.5 coins / block.
With 2.5 minutes blocks we have 576 blocks / day.
576 blocks x 7812.5 coins = 9 000 000 coins / day x 365 = 1 642 500 000 coins / year.
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Keep in mind that with today price of 1 satoshi / GRUMP one block (initial 500k coins) is worth 0.005 BTC and 250k block is worth 0.0025 BTC. But the price for GRUMPY should rise, so with ~ 25 satoshi 7812.5 coins / block would be worth 0.00195 BTC, so it should still be a good reward for new miners.
What do you think??
I think that is the most sensible way to do it!! AND THEN UPDATE ORIGINAL POST!! GRAPHICS, LARGER MORE COLOURFUL TEXT, AND EVERYTHING UPDATED!!
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evoked22
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February 18, 2014, 07:16:31 AM |
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lol i <3 this community Join the IRC channel #grumpycoin
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SnZN5o2ePUgtr9roQyavBC3r41vz7p63ne
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kro55
Sr. Member
Offline
Activity: 1764
Merit: 305
Buy on Amazon with Crypto
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February 18, 2014, 07:21:24 AM |
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developers, traders and investors are busy even grumpy is busy This one is the best!
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bholzer
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February 18, 2014, 08:16:11 AM |
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Just thought of how it could be used. Unlike with btc and doge, where people actually tip a buck or two sometimes, with grump you would tip them insignificant amount of grumpycoin so that the monetary value is not even worth taking the time to transfer to your wallet. Maybe even so low that the transaction cost is more than the tip. Hahaha.
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BtcBrothers
Member
Offline
Activity: 98
Merit: 10
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February 18, 2014, 08:49:14 AM |
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Just thought of how it could be used. Unlike with btc and doge, where people actually tip a buck or two sometimes, with grump you would tip them insignificant amount of grumpycoin so that the monetary value is not even worth taking the time to transfer to your wallet. Maybe even so low that the transaction cost is more than the tip. Hahaha.
I think it would be better to give them to your friends when there Grumpy and having a bad day.. It would cheer them up real quick
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cherominerito
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February 18, 2014, 08:50:48 AM |
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I would definitely keep it 50 billion as it was stated in the initial coin post.
But let's keep it long term, so the coin won't die.
How about such solutions (10 or 20 years of mining):
~ 10 years of steady mining
1/ 500,000 20000 10 000 000 000 2/ 250,000 20000 5 000 000 000 3/ 125,000 20000 2 500 000 000 4/ 62,500 20000 1 250 000 000 5/ 31,250 20000 625 000 000 6/ 15,625 20000 312 500 000
19 687 500 000
And after reaching ~ 20 billion coins stop halving process and keep it 15625 coins / block.
With 2.5 minutes blocks we have 576 blocks / day.
576 blocks x 15625 coins = 9 000 000 coins / day x 365 = 3 285 000 000 coins / year.
-------------------------
~ 20 years of steady mining
1/ 500,000 20000 10 000 000 000 2/ 250,000 20000 5 000 000 000 3/ 125,000 20000 2 500 000 000 4/ 62,500 20000 1 250 000 000 5/ 31,250 20000 625 000 000 6/ 15,625 20000 312 500 000 7/ 7,812.5 20000 156 250 000
19 843 750 000
And after reaching ~ 20 billion coins stop halving process and keep it 7812.5 coins / block.
With 2.5 minutes blocks we have 576 blocks / day.
576 blocks x 7812.5 coins = 9 000 000 coins / day x 365 = 1 642 500 000 coins / year.
-------------------------
Keep in mind that with today price of 1 satoshi / GRUMP one block (initial 500k coins) is worth 0.005 BTC and 250k block is worth 0.0025 BTC. But the price for GRUMPY should rise, so with ~ 25 satoshi 7812.5 coins / block would be worth 0.00195 BTC, so it should still be a good reward for new miners.
What do you think??
I like it. 10 years is enought, I guess.
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FootballCoin: FXFCWvewynp8feR4ZQ1BJbYxeWzByvqgN8
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btcpoland
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February 18, 2014, 11:28:58 AM |
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Because we would probably not get to coinmarket.io fast, we should try to get to mintpal.com, which is also very nice and growing exchange. New coins are added every day and there's quite a lot of trade there. It will be good for GRUMP to get there. To get listed at mintpal.com we need to vote for Grumpy Coin as many times as possible during the day. Please register: https://www.mintpal.com/registerVote for Grumpy Coin 6x every hour:https://www.mintpal.com/votingFor unregistered users it is only 3 votes. We also need to donate some BTC to help to get to MintPal faster. Every 0.05 BTC will get us 1000 votes (1 vote cost 0.00005000 BTC). This is a direct BTC address for MintPal donation. You can send any amount you like, even very small. Every donation counts! Donate to get listed at MintPal.com 1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8https://blockchain.info/address/1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8If every one of us votes 10 times a day x6 votes it will be several hundreds votes daily! Just vote, it is FREE.
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Mk2vr6
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February 18, 2014, 12:33:27 PM |
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Because we would probably not get to coinmarket.io fast, we should try to get to mintpal.com, which is also very nice and growing exchange. New coins are added every day and there's quite a lot of trade there. It will be good for GRUMP to get there. To get listed at mintpal.com we need to vote for Grumpy Coin as many times as possible during the day. Please register: https://www.mintpal.com/registerVote for Grumpy Coin 6x every hour:https://www.mintpal.com/votingFor unregistered users it is only 3 votes. We also need to donate some BTC to help to get to MintPal faster. Every 0.05 BTC will get us 1000 votes (1 vote cost 0.00005000 BTC). This is a direct BTC address for MintPal donation. You can send any amount you like, even very small. Every donation counts! Donate to get listed at MintPal.com 1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8https://blockchain.info/address/1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8If every one of us votes 10 times a day x6 votes it will be several hundreds votes daily! Just vote, it is FREE. I've voted, and will continue to do so. Also, what about the BTC that is in the wallet that Templar posted - can that be sent accross? I have already sent a small donation.
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btcpoland
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February 18, 2014, 12:52:56 PM |
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I've voted, and will continue to do so.
Also, what about the BTC that is in the wallet that Templar posted - can that be sent accross? I have already sent a small donation.
Donation sent to Templar for coinmarket.io was sent back to donors. I think sending donations directly to MintPal is easier, faster and less fees on the way.
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asplinux
Newbie
Offline
Activity: 45
Merit: 0
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February 18, 2014, 01:48:07 PM |
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Very very nice indeed....
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MrJesusChrist
Sr. Member
Offline
Activity: 251
Merit: 250
Bitties
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February 18, 2014, 02:24:49 PM |
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We need Stan to work on a tip bot for reddit and Youtube Agreed! I would love to be able to tip people on reddit. We could also do giveaway threads in /r/cryptocurrency and link people to /r/Grumpycoins, to get more redditors involved.
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wmvatis
Newbie
Offline
Activity: 24
Merit: 0
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February 18, 2014, 03:09:46 PM |
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Just thought of how it could be used. Unlike with btc and doge, where people actually tip a buck or two sometimes, with grump you would tip them insignificant amount of grumpycoin so that the monetary value is not even worth taking the time to transfer to your wallet. Maybe even so low that the transaction cost is more than the tip. Hahaha.
I think it would be better to give them to your friends when there Grumpy and having a bad day.. It would cheer them up real quick Great idea, I think it could be used for both.
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cherominerito
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February 18, 2014, 03:19:39 PM |
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More than 100 MH/S and 4 diff.
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FootballCoin: FXFCWvewynp8feR4ZQ1BJbYxeWzByvqgN8
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Mk2vr6
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February 18, 2014, 04:04:44 PM |
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We need Stan to work on a tip bot for reddit and Youtube Agreed! I would love to be able to tip people on reddit. We could also do giveaway threads in /r/cryptocurrency and link people to /r/Grumpycoins, to get more redditors involved. Forget Reddit - Aim for the trolls on youtube!!!
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Mk2vr6
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February 18, 2014, 04:05:31 PM |
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Because we would probably not get to coinmarket.io fast, we should try to get to mintpal.com, which is also very nice and growing exchange. New coins are added every day and there's quite a lot of trade there. It will be good for GRUMP to get there. To get listed at mintpal.com we need to vote for Grumpy Coin as many times as possible during the day. Please register: https://www.mintpal.com/registerVote for Grumpy Coin 6x every hour:https://www.mintpal.com/votingFor unregistered users it is only 3 votes. We also need to donate some BTC to help to get to MintPal faster. Every 0.05 BTC will get us 1000 votes (1 vote cost 0.00005000 BTC). This is a direct BTC address for MintPal donation. You can send any amount you like, even very small. Every donation counts! Donate to get listed at MintPal.com 1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8https://blockchain.info/address/1Cq3EiuoB7ZmFQkG2EVAjCSgWj9cNVVQz8If every one of us votes 10 times a day x6 votes it will be several hundreds votes daily! Just vote, it is FREE. I've voted, and will continue to do so. Also, what about the BTC that is in the wallet that Templar posted - can that be sent accross? I have already sent a small donation. Also sent a small donation for a few votes.
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MrJesusChrist
Sr. Member
Offline
Activity: 251
Merit: 250
Bitties
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February 18, 2014, 04:10:03 PM |
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We need Stan to work on a tip bot for reddit and Youtube Agreed! I would love to be able to tip people on reddit. We could also do giveaway threads in /r/cryptocurrency and link people to /r/Grumpycoins, to get more redditors involved. Forget Reddit - Aim for the trolls on youtube!!! I've never tipped on youtube before, but I'll definitely try to do that!
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cherominerito
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February 18, 2014, 05:14:25 PM |
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Nice.
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FootballCoin: FXFCWvewynp8feR4ZQ1BJbYxeWzByvqgN8
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paulus51
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February 18, 2014, 05:31:47 PM |
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hello Community, we are happy to announce that we recieved GrumpyCoins for our project, we have added the " Accepted Here GrumpyCoin " s logo on our website take a look here : http://www.savegreyhoud.hol.es feel free to take a look at our Sponsor page here : http://savegreyhound.hol.es/our-sponors/we thanks this Grumpy Community for there support ! regards, Paulus51 -- GrumpyCoin Adress : 7NpsZm4fuYaWu4eANxdpgcE8hrtQ7AYrzV / label Galgo Support Please remember that we are non profit and completly volunteers ! *** give the Greyhounds a better life and you can help us ! ***
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