[ANN][Q2C] QubitCoin new secure hashing (CPU/GPU) (NEW) Update 0.8.4.1

[nymusr]

Err weren't the changes made to Q2C clients only cosmetic and some checkpoints? Nothing wrong with using an old version if nothing serious has been changed imo. Unless you operate a pool or exchange ofcourse.

Personally I'd prefer the original dev over someone using bold text for his full post. 

Cant say... its unclear to me what really each version had changed... like 500 million as max money.

That why he is not here probably. Unable to be seen by community. I am not that kind of guy.

[1714504081]

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[1714504081]

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[1714504081]

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[nymusr]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

[nymusr]

248 млн. Q2C из кoтopыx дoбывaeтcя бoлee 90%

Извинитe, чтo гoвopю, нo вы oшибaeтecь. 500 млн. Q2C пpaвильнo.  Кoличecтвo мoнeт Ужe измeнeнo нa 500 млн... dev (Kresu) cдeлaл этo (вы мoжeтe пpoвepить этo caми пoceтить https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h, a зaтeм пoиcк MAX_MONEY = 500000000 * MOHETКA - eгo тaм нa линии 51 (dev мoжeт быть, зaбылa cкaзaть тeбe вce этo, или, мoжeт быть, этo был пocлeдний cпacибo пoдapoк для вcex вac).

its good or bad?

No problem... It will make block with 1 Q2C being given away for much more time: 5000 days... see previous post

[Truecoin]

(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

5000 days is over 13 years. Not bad.

[AfrikaMan]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.

[wgd]

indeed change relates to the life of the coin, there is little effect on the same mining, huh

nymusr not scare people  

[nymusr]

indeed change relates to the life of the coin, there is little effect on the same mining, huh

nymusr not scare people  

There nothing to be scared... It makes coin survive a bit easier!
Because after main mining it keeps very long time giving a small incentive to keep nodes online... to receive fees and a small mining reward.
If Q2C is $10 it isn't meaningless. Off course if it is $0.0001, no one will keep mining...

[nymusr]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.

The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)

[nymusr]

(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

5000 days is over 13 years. Not bad.

Exactly. Where is the problem? Why lie around?

[nymusr]

2. How can we correct this? Can you isolate those who are not using the newest version until they upgrade?

No I can't. I/we only can start using a version that refuses old versions. But if lots of people using old version and with pools using it we can have a fork and a mess around coin.

3. Giving Q2C for nothing is probably not good idea however giving Q2C for voting was something else.
Of course.

I agree with you when you say that we need to make Q2C usable in some other means then just exchange. Only then will this coin arise among all these coins.
That not easy. We must create some usability for more than "pump&dump&repeat". Even BTC has this problem.

[AfrikaMan]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.

The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)

Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)

5000 day distribution (2880 * 5000 = 14,400,000 coins).

Total coins after 5000 days = 262,126,080 coins

If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.

By that logic your max money is infinite.

If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.

For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.

[Gates123]

Seems like dev is gone  Cry but the coin works great imo, shouldn't be too hard to find a new dev.  Grin

[wgd]

As for the recent declines and input on minpal, I think the traders in the minpal are terribly picky. Rather put a quick profit, and me looking also at odds between poloniex and minpal, minpal very quickly panics. Rates fell, but I think the point minpal was necessary for the development of our coins ))

Who thought he accomplishes at the entrance to the new exchanges, disappointed and simply got rid of coins. I think the discussion because we all know how much the coins and the like are generated. I myself learned a little

It only needs to be better ..

[nymusr]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.

The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)

Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)

5000 day distribution (2880 * 5000 = 14,400,000 coins).

Total coins after 5000 days = 262,126,080 coins

If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.

By that logic your max money is infinite.

If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.

For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.

Seems you are right... its infinite...
This coins code its even more messed than I believed... everything is absurd.

[sexydh80]

finally good news, we're coming bter!!! 

I also want to
I want to join your team

[AfrikaMan]

248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).

Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days

Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.

The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)

Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)

5000 day distribution (2880 * 5000 = 14,400,000 coins).

Total coins after 5000 days = 262,126,080 coins

If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.

By that logic your max money is infinite.

If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.

For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.

Seems you are right... its infinite...
This coins code its even more messed than I believed... everything is absurd.

lol. It's not bad. It's a low inflation coin. Less than 1% a year. The main thing is how to keep the block-chain safe with a low reward.

[wgd]

finally good news, we're coming bter!!! 

I also want to
I want to join your team

Welcome to q2c world

[nymusr]

lol. It's not bad. It's a low inflation coin. Less than 1% a year. The main thing is how to keep the block-chain safe with a low reward.

I think you cant... a least with a coin with 21 days cycle... in some months it will be giving 1 Q2C. Who will mine to receive $0.0004 or even $0.04?
If low diff block is in danger. If high diff no miners, no blocks, no transactions.
I think previous dev saw that... and disappeared.

[wgd]

While price will be reasonable, the volume on the exchange as well, maintaining the network will not be a problem. I think the krecu disappeared for other reasons, they tried to enter KGW not quite work out. It is a pity that no one is officially resigns uttered the project. I think that it was appropriate to us though some information.

q2c is now an orphan and seeking new caring and above all rich parents

[AfrikaMan]

lol. It's not bad. It's a low inflation coin. Less than 1% a year. The main thing is how to keep the block-chain safe with a low reward.

I think you cant... a least with a coin with 21 days cycle... in some months it will be giving 1 Q2C. Who will mine to receive $0.0004 or even $0.04?
If low diff block is in danger. If high diff no miners, no blocks, no transactions.
I think previous dev saw that... and disappeared.

Maybe increase the minimum block reward. Higher inflation but more incentive for miners.

Broadcasting checkpoints on the network (like ppcoin) can help. But that is a centralized solution.