mycointr
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Activity: 56
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February 01, 2014, 11:28:31 PM |
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genesis block was 50 coin  8 coins were premined. 10 blocks at time of release
lie? |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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jlspartz
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February 01, 2014, 11:32:15 PM |
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So there's 10 billion total and half are not 0s right now. I'd expect it to be rarer than 5 billion.
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Alexbalix
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Activity: 42
Merit: 0
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February 01, 2014, 11:34:36 PM |
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genesis block was 50 coin 8 coins were premined. 10 blocks at time of release
lie? And this kills the coin. |
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Nullu
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February 01, 2014, 11:36:43 PM |
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genesis block was 50 coin 8 coins were premined. 10 blocks at time of release
lie? And this kills the coin. Max Anomalies = 10 Billion Yep. He'll surely dump those 50 the first chance he gets.  |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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crike
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February 01, 2014, 11:38:35 PM |
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Someone sent coins from pool to wallet maybe?
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BTC: 19GwYWZjY3RczZFCS7S64AikrARuyZ7Zoc
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MythicalManMoth
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Activity: 24
Merit: 0
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February 01, 2014, 11:39:33 PM |
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genesis block was 50 coin 8 coins were premined. 10 blocks at time of release
lie? And this kills the coin. Haha so it was less rare than 42 from the beginning. Makes the "Take that 42" on the OP really ironic. |
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Nullu
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February 01, 2014, 11:39:36 PM |
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So on the whole is less better? I mean am I better off wallet mining or throwing a few hundred khash at it?
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BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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tabjohn
Member
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Activity: 149
Merit: 10
TABJOHN
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February 01, 2014, 11:41:45 PM |
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So there's 10 billion total and half are not 0s right now. I'd expect it to be rarer than 5 billion.
I wrote it several times, that probability of hitting reward on block equals 1/diff for diff > 1 and 0.9 for diff < 1. The payout is 1, so even if the anomaly will occur EVERY time, then in order to generate 5 milions (not bilions) coins it would need 10 years. But if diff will quicky be higher than 2, then in the same period of time (10 years) there would be generate less that 2.5 milions  For diff greater than 10 there would be about 500k coins (in the 10 years period). |
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tabjohn
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Activity: 149
Merit: 10
TABJOHN
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February 01, 2014, 11:50:56 PM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). |
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s4w3d0ff (OP)
Sr. Member
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Activity: 322
Merit: 250
Spray and Pray
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February 01, 2014, 11:52:23 PM |
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genesis block was 50 coin 8 coins were premined. 10 blocks at time of release
lie? And this kills the coin. Haha so it was less rare than 42 from the beginning. Makes the "Take that 42" on the OP really ironic. If you guys knew anything about making an altcoin you would know that the genesis block is (almost) never actually seen... So yes the genesis block generated 50 coins but nobody has them... the are floating in cyberspace. I pre-mined 8 coins and have given 4 of them away to other users who have contributed to the betterment of this coin... ENOUGH WITH THE BLASPHEMY! |
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s4w3d0ff (OP)
Sr. Member
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Activity: 322
Merit: 250
Spray and Pray
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February 01, 2014, 11:56:47 PM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). Man am I glad you are around!  |
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jlspartz
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February 01, 2014, 11:56:55 PM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). Got it! Thanks for the quick replies. |
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s4w3d0ff (OP)
Sr. Member
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Activity: 322
Merit: 250
Spray and Pray
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February 02, 2014, 12:04:14 AM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). Got it! Thanks for the quick replies. I believe you are looking at coins that got transferred in that block, not the amount that was mined. |
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tabjohn
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Activity: 149
Merit: 10
TABJOHN
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February 02, 2014, 12:07:41 AM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). Got it! Thanks for the quick replies. Anyone can check if the algorithm works. From the blockchain we take blockHeight and diff. Example block 294 with diff 1.420. Then we divide 294 by 1.420 to get 207.0423. In order to get the reminder we need non-integer part of 207.0423 (which is 0.0423) and again multiply it by diff. So reminder is 0.0423*1.420 = 0.06 So this example shows that reward is if the reminder is also less than 0.1 Maybe the final algorithm generates the reward if... reminder is in (0.01,1)? Or just in (0,1)? |
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Alexbalix
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Activity: 42
Merit: 0
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February 02, 2014, 12:12:08 AM |
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Yes, I think it was a payout from pool or something, because at pool statistics the value per mined block 279 was 0 (and it is correct with algorithm, because the reminder is 1.368). Got it! Thanks for the quick replies. Anyone can check if the algorithm works. From the blockchain we take blockHeight and diff. Example block 294 with diff 1.420. Then we divide 294 by 1.420 to get 207.0423. In order to get the reminder we need non-integer part of 207.0423 (which is 0.0423) and again multiply it by diff. So reminder is 0.0423*1.420 = 0.06 Or you could just do 294 mod 1.420 http://www.wolframalpha.com/input/?i=294++mod+1.420 |
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tabjohn
Member
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Activity: 149
Merit: 10
TABJOHN
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February 02, 2014, 12:14:44 AM |
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I like traditional methods  |
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Nullu
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February 02, 2014, 12:28:19 AM |
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I'll wallet mine this for now, but the question still stands; Am I better not just solo mining with my spare card? I have 270mhash I can spare.
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BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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chickenliver503
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February 02, 2014, 12:39:21 AM |
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so how many coins did people mine, i have mined 2 with 1800 Kh/s
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Alexbalix
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Activity: 42
Merit: 0
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February 02, 2014, 12:43:03 AM |
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so how many coins did people mine, i have mined 2 with 1800 Kh/s
I have 1.2 @ 540Kh/s |
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