illodin
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February 25, 2014, 11:33:37 PM |
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Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.
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anonymousxx1503
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February 25, 2014, 11:37:19 PM |
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What the fuck is happening to darkcoin. Seriously.
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I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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JGCMiner
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February 25, 2014, 11:42:54 PM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out. Oh right, this situation reminds me of another coin that many early adopters have tons of - but is currently very hard to mine... Bitcoin. Don't want to own any of those coins, right? IMO, all of these posters complaining about the reward system are mine 'n dump profiteers who are angry that they can't treat DarkCoin like the latest crapcoin of the week now that the price has increased.
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anonymousxx1503
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February 25, 2014, 11:51:42 PM |
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Initial miners got more coin as in any coin. There were three formulas, initial one was changed very quickly, then there was the cpu mining formula and after a threshold of 75 of difficulty , the new GPU formula (which gives out more coin for a longer time) kicked in. Nothing sinister about it. Early adopters get more, it's always like that. With so many coins coming out these days , why shouldn't they.
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I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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anonymousxx1503
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February 25, 2014, 11:53:09 PM |
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LISTEN UPThe coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate80% of total hashrate!We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.
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I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 12:02:20 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
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eduffield (OP)
Legendary
Offline
Activity: 1176
Merit: 1036
Dash Developer
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February 26, 2014, 12:03:10 AM |
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I messaged the owner of drk.coinmine.pl and asked him to disable registrations and add a banner to the pool asking users to redirect their hashing power elsewhere. Hopefully we can resolve this quickly.
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Dash - Digital Cash | dash.org | dashfoundation.io | dashgo.io
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anonymousxx1503
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February 26, 2014, 12:04:48 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.
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I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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bit0x
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February 26, 2014, 12:12:33 AM |
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3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year. Diff incrase, reward decrase, so next year coin supply will be <400000. So total coin supply in 1 year will be <4 Mil. If capitalization can grown to 20M $ as protoshares then 1 coin can cost 5$.
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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February 26, 2014, 12:14:29 AM |
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3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.
12k x 365 days = 4.38 million coins 430.000 = 35 days mining.
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 12:14:40 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which. https://github.com/evan82/darkcoin/tree/master/srcmain.cpp line 1108
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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February 26, 2014, 12:15:53 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc? (/2, then /2, then /2... halving as I understand it means /2)
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bit0x
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February 26, 2014, 12:16:16 AM |
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3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.
12k x 365 days = 4.38 million coins yeah. But it's not 80Mil.
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bit0x
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February 26, 2014, 12:16:56 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which. https://github.com/evan82/darkcoin/tree/master/srcline 1108 What file?
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JGCMiner
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February 26, 2014, 12:17:46 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
As far as I know the halving was removed when the GPU diff was forked in and the minimum was set at 5 coins... maybe the dev can clear this up?
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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February 26, 2014, 12:18:26 AM |
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3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.
12k x 365 days = 4.38 million coins yeah. But it's not 80Mil. It wasn't supposed to release everything in the first year like DOGE.
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 12:19:23 AM |
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 12:25:54 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc? (/2, then /2, then /2... halving as I understand it means /2) Yes, I made a mistake. The corrected table: Year | Blocks a year | Max reward | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 6.25 | 1314000 | 9198000 | 3 | 210240 | 3.125 | 657000 | 9855000 | 4 | 210240 | 1.5625 | 328500 | 10183500 | 5 | 210240 | 0.78125 | 164250 | 10347750 | 6 | 210240 | 0.390625 | 82125 | 10429875 | 7 | 210240 | 0.1953125 | 41062.5 | 10470937.5 | 8 | 210241 | 0.09765625 | 20531.34766 | 10491468.85 | 9 | 210242 | 0.048828125 | 10265.72266 | 10501734.57 |
Since halving is every year, total amount of coins is limited by 2x of what produced in first year, so it's definitely not 84 millions.
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anonymousxx1503
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February 26, 2014, 12:26:25 AM |
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You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions Year | Blocks a year | Max reward per block | Coins a year | Total coins | 0 | 210240 | 25 | 5256000 | 5256000 | 1 | 210240 | 12.5 | 2628000 | 7884000 | 2 | 210240 | 3.125 | 657000 | 8541000 | 3 | 210240 | 0.390625 | 82125 | 8623125 | 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 | 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 | 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which. https://github.com/evan82/darkcoin/tree/master/srcmain.cpp line 1108 Oh god... just stop, you've lost all credibility if(nHeight >= 17000 && dDiff > 75) { // GPU/ASIC difficulty calc // 2222222/(((x+2600)/9)^2) nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0))); if (nSubsidy > 25) nSubsidy = 25; if (nSubsidy < 5) nSubsidy = 5; } else { // CPU mining calc nSubsidy = (11111.0 / (pow((dDiff+51.0)/6.0,2.0))); if (nSubsidy > 500) nSubsidy = 500; if (nSubsidy < 25) nSubsidy = 25; } See that little if subsidy < 5 nsubsidy =5 ? Minimum reward is 5 , Max is 25.
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I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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