LimLims
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February 26, 2014, 12:27:56 AM |
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So much FUD, so much price manipulation. Someone is seriously threatened by darkcoin. Sounds like we're on the right track.
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bit0x
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February 26, 2014, 12:28:47 AM |
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anonymousxx1503, do you can read all code!? and understand reward algo!? this line decrase x2 reward any year. // Subsidy is cut in half every 210240 blocks, which will occur approximately every year nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 12:29:50 AM |
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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 ? THAT MEANS THE MINIMUM IS 5 , Max is 25. Now kindly leave. 5 x 24 blocks per hour x 24 hours x 365 days = 1 051 200 , which means even at lowest block reward we'll reach 84 million before bitcoin reaches 21 million. You don't understand the code, I pointed at the exact line: // Subsidy is cut in half every 210240 blocks, which will occur approximately every year nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year
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anonymousxx1503
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February 26, 2014, 12:33:42 AM |
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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 ? THAT MEANS THE MINIMUM IS 5 , Max is 25. Now kindly leave. 5 x 24 blocks per hour x 24 hours x 365 days = 1 051 200 , which means even at lowest block reward we'll reach 84 million before bitcoin reaches 21 million. You don't understand the code, I pointed at the exact line: // Subsidy is cut in half every 210240 blocks, which will occur approximately every year nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year
You're right, I don't understand code and I probably made a mistake. I know that the minimum for the current reward is 5 even after reaching a maximum difficulty for the function. After that the halving puts it at 2.5 for the minimum then? Since that isn't indicated anywhere it seems. But even after all that, why are you attacking this coin, the distribution is unfair to you? You should go mine and encourage something else then. What's the problem.
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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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chaeplin
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February 26, 2014, 12:35:26 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. from 42coin ----------------------------------------- if(nHeight == 424242) { nSubsidy = 0.00042 * COIN; } if(nHeight >= 990382) // stops generation of more coins { nSubsidy = 0 * COIN; } return nSubsidy + nFees;
want this ?
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bit0x
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February 26, 2014, 12:38:51 AM |
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from 42coin ----------------------------------------- if(nHeight == 424242) { nSubsidy = 0.00042 * COIN; } if(nHeight >= 990382) // stops generation of more coins { nSubsidy = 0 * COIN; } return nSubsidy + nFees;
want this ?
After 990382 block reward will be 0 + transaction fees.
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mannie
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February 26, 2014, 12:41:49 AM |
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With so much talk about open/closed source, I've decided to make a poll on the issue. It probably won't solve the debate but I think it will be interesting. Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it? Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each! http://poll.pollcode.com/33531934
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kaene
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February 26, 2014, 12:45:16 AM |
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another big dump just happened on poloniex
down to 0.0005 ... what .. the .. fuck Could be thief from c-cex dumping last of of the DRK they made of with? Clearly a thief, otherwise why dump 40k in only one exchange instead of dump small amounts in every exchange and get more BTC?
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JGCMiner
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February 26, 2014, 12:45:43 AM |
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Eduffield, Any chance we can get this diff/reward stuff explained?
With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.
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B2BigAl
Member
Offline
Activity: 68
Merit: 10
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February 26, 2014, 12:46:55 AM |
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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. Yeah, I'm not pointing fingers either, but someone is seriously manipulating this coin, and its getting real old real fast. I don't know how to get to the bottom of this, but it looks really bad when the price is all over the place like it has been. Having 80% of the hashrate in one pool is awful damn suspicious. I'll just leave it at that.
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eduffield (OP)
Legendary
Offline
Activity: 1176
Merit: 1036
Dash Developer
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February 26, 2014, 12:56:07 AM |
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Eduffield, Any chance we can get this diff/reward stuff explained?
With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly: Year 1: 5,256,000 Year 2: 2,628,000 Year 3: 1,314,000 etc So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
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Dash - Digital Cash | dash.org | dashfoundation.io | dashgo.io
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Lebubar
Legendary
Offline
Activity: 1288
Merit: 1000
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February 26, 2014, 01:00:56 AM |
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With so much talk about open/closed source, I've decided to make a poll on the issue. It probably won't solve the debate but I think it will be interesting. Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it? Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each! http://poll.pollcode.com/33531934I liked it... Very democratic I did the 12th vote..
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daddeo
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February 26, 2014, 01:02:16 AM |
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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. Yeah, I'm not pointing fingers either, but someone is seriously manipulating this coin, and its getting real old real fast. I don't know how to get to the bottom of this, but it looks really bad when the price is all over the place like it has been. Having 80% of the hashrate in one pool is awful damn suspicious. I'll just leave it at that. I for one am mining at coinmine.pl now because it was the only one stable for awhile. I'm looking into changing now but I tried smalltime and cpu-mine first but none were as reliable as coinmine.pl. Even now as I type this, I have trouble connecting to the official pools website. Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory.
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illodin
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February 26, 2014, 01:07:13 AM |
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Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. Well maybe we should coordinate an effort to steer miners away from coinmine.pl if you catch my drift.
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daddeo
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February 26, 2014, 01:10:20 AM |
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Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. Well maybe we should coordinate an effort to steer miners away from coinmine.pl if you catch my drift. I'm all for that. I've got a novice question. When mining in the p2p pool, do all the nodes listed share in the block reward or is each node treated individually, kinda like its own pool?
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Lebubar
Legendary
Offline
Activity: 1288
Merit: 1000
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February 26, 2014, 01:13:45 AM |
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Eduffield, Any chance we can get this diff/reward stuff explained?
With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly: Year 1: 5,256,000 Year 2: 2,628,000 Year 3: 1,314,000 etc So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value. So that s right that we will never reach the 84 millions.. The max in infinite time is 10,512,000 coins... Or the halving stop after certain number of years...?
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buryat
Newbie
Offline
Activity: 28
Merit: 0
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February 26, 2014, 01:16:23 AM |
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It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000 Year 2: 2,628,000 Year 3: 1,314,000 etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100And only linux wallet on start, which limited number of miners. Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
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TingCoin
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February 26, 2014, 01:20:36 AM |
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Most likely reason for price drops:Guys stop panicking about the price as I believe this ( https://bitcointalk.org/index.php?topic=485029.msg5345725#msg5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125. Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had because he waited for it to recover a bit or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these. Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today. This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely. I do hope it isn't something to do with coinmine though, that would be a nasty thought.
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Any posts from me that were posted in Russian were NOT from me. A cykablyat obtained my forum login details when they were leaked, I was inactive from the forum at that time.
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anonymousxx1503
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February 26, 2014, 01:24:47 AM |
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Most likely reason for price drops:Guys stop panicking about the price as I believe this ( https://bitcointalk.org/index.php?topic=485029.msg5345725#msg5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125. Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these. Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today. This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely. I do hope it isn't something to do with coinmine though, that would be a nasty thought. I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time.
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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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TingCoin
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February 26, 2014, 01:26:58 AM |
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Most likely reason for price drops:Guys stop panicking about the price as I believe this ( https://bitcointalk.org/index.php?topic=485029.msg5345725#msg5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125. Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these. Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today. This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely. I do hope it isn't something to do with coinmine though, that would be a nasty thought. I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time. Yeah it's definitely a good thing you bought it up. Would their be any way for anyone to find out if that happened or not?
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Any posts from me that were posted in Russian were NOT from me. A cykablyat obtained my forum login details when they were leaked, I was inactive from the forum at that time.
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