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

[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.

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.

Well... bag holders don't want to ear about reducing cycle or increase min block reward... so its a problem for sure.
Broadcasting checkpoints on network means a dev with interest to keep around for years... and that's too a problem when almost everything is mined.

[1714482667]

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[1714482667]

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[wgd]

Offer can put buying on minpalu, the course is sliding dangerously as btc touches 400 can be hard to rebuild. Just look to execoin on poloniex, buy wall saved this coin as one of the few in front of a large drop ..

[aiesecliyang1]

The Q2C is quite cheap will it grow up？ Or just like other shitcoin die in not long term?
So many new algo coins will come.So tired.
But still buy some wish Q2C better.
Go Go
Regards.

[c-cex]

C-CEX.com exchange is serving for USD/BTC QubitCoin trades! Welcome!

https://c-cex.com/?p=q2c-btc
https://c-cex.com/?p=q2c-usd

[subseaguru]

this price drop on poloniex needs to come to a stop.

[elmad]

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.

Original developer probably misunderstood the use of MAX_MONEY, but looking his comment there, he didnt misunderstand total coin generation:

line 51: static const int64 MAX_MONEY = 500000000 * COIN; // ~250 million + ~1 million pa (inflation)

[pwrz]

Check out the quark source code. Pretty much the same.

[wgd]

It does not hurt to get on the stock exchange its place 

https://coinano.com/          >> Voting on top site

[kahir]

this price drop on poloniex needs to come to a stop.

what u are new to this ..... q2c price always decrease on weekend

[lti4301]

this price drop on poloniex needs to come to a stop.

There is no tomorrow?
Tomorrow is not looking forward to the

[lti4301]

MintPal is over capacity. Please try again later.

And people are waiting
I should go to the developers for 24 hours

[hyeoam]

Charts here: http://crypto-prices.com/Q2C

[kahir]

this price drop on poloniex needs to come to a stop.

There is no tomorrow?
Tomorrow is not looking forward to the

i buy and sell q2c .... yes i like this coin .. and i belive its something ... i sometimes dump all my share in market to buy more ..



but without krecu its slow death ......

[wgd]

I have not sold or coins

any discharge finally lowers course, the beholder can still do for our idea, currently discharges is probably just extracted gpu coin.

We can not stand still, we have less and less ..

nymusr as you see it? You have to be interested in the fate of our coins potentialinvestors,  just how to do it ..

[coinano]

Hello QubitCoin Community.

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You can trade with us.

Our reward system will give a different and exciting experience.
Be online, trade safely&funny and always win !  
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[sundownz]

So... I tried to send coins on 3-25-14 to Poloniex and it still has a question mark.

Any ideas ?

[kahir]

So... I tried to send coins on 3-25-14 to Poloniex and it still has a question mark.

Any ideas ?

it is on the blockchain ... see tx id ...


https://coinplorer.com/Stats?currency=Q2C


write down poloniex q2c address and see ...




it always works for me takes around 5-10 mins

[wgd]

I think we should ask this question on poloniex support.

ps. don`t dumps, as btc bounce - fly to the moon

[wgd]

Was someone else with q2c? I only have these coins XDD  [fuck]

Any body there?

[urtk]

Guys, I have an idea.
What if, make a site with a very popular game "2048"? (http://gabrielecirulli.github.io/2048/)
And winning payouts will be in Q2C. I think Qubits best suited for this.
Who can make this? It will be a success! Very good promotion.

https://i.imgur.com/1itA8W5.png

Sources:
https://github.com/gabrielecirulli/2048