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zmhaha
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February 06, 2014, 05:01:03 AM |
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So, in about 40 days from launch the block reward would be 1 coin? Is my understanding correct? If so, 'make hay while the sun shines', the rate would sky rocket in 20-30 days..  theres the count down to 1 coin blocks. around 58 days left So ALL coins will be mined in the next 60 days, correct? "last top block mined" No.. After that block reward is 1 coin per block with bonus blocks of 10x and 100x. What this means, it that mining these would be hard and the value of the coin is likely to sky rocket. I may be wrong but this is my understanding. correct, that timer is till the 1 coin per block reward 80% of the coin has been mined already and it has only been 4 days. So I'd rather say it will be 99% mined in 2 weeks of launch |
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zorkafdo
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February 06, 2014, 05:02:08 AM |
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thats wrong, because I kept halving it after 1 coin one coin per block anyways, the following chart is how I think its going to go, but Idk. When it gets to fractional coins after 13th cycle in the chart below, ive rounded down, but def before 60 days probably like 45, formatting of the table seems off coins this cycle coins per block
5,760,000,000.0000 1,000,000.0000
2,880,000,000.0000 500,000.0000
1,440,000,000.0000 250,000.0000 total coins
720,000,000.00000 125,000.0000
360,000,000.0000 62,500.0000 11,520,000,000.0000
180,000,000.0000 31,250.0000
90,000,000.0000 15,625.0000
45,000,000.0000 7,812.0000
22,500,000.0000 3,906.0000
11,250,000.0000 1,953.0000
5,625,000.0000 976.0000
2,812,500.0000 488.0000
1,406,250.0000 244.0000
703,125.0000 122.0000
351,562.0000 61.0000
175,781.0000 30.0000
87,890.0000 15.0000
43,945.0000 7.0000
21,972.0000 3.0000
10,986.0000 1.0000
6,390.0000 1.0000
4,599.0000 1.0000
Yes.. this is close to accurate. that timer seems way off.. it'd take about 40-42 days as per my calculation too and my math is not that very bad  |
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user183
Newbie
 Offline
Activity: 36
Merit: 0
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February 06, 2014, 05:04:42 AM |
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So, in about 40 days from launch the block reward would be 1 coin? Is my understanding correct? If so, 'make hay while the sun shines', the rate would sky rocket in 20-30 days.. theres the count down to 1 coin blocks. around 58 days left So ALL coins will be mined in the next 60 days, correct? "last top block mined" No.. After that block reward is 1 coin per block with bonus blocks of 10x and 100x. What this means, it that mining these would be hard and the value of the coin is likely to sky rocket. I may be wrong but this is my understanding. correct, that timer is till the 1 coin per block reward Then the title is wrong. To me it reads as if ALL coins, "last top block mined", will be mined in the next 60 days. But I could be wrong. Yes, After 60 days all coins will have been mined. But its its more like 45ish days. It gets tricky after the rewards get to 1 per block. you then have 1 coin per block and 10 coins per block once an hour, plus 1 block of 100 coins per day |
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scroogeMcDuck
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February 06, 2014, 05:06:16 AM |
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I do not understand why someone would let go of their precious tops at 1 sato  There are only going to be fewer and fewer of these passing into more and more hands, which will also drive up the price and the demand. |
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Prominence
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February 06, 2014, 05:13:56 AM |
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5mins till reward halving!!
Correction; my timer was somehow ahead. 21mins to go in actuality.
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zmhaha
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February 06, 2014, 05:15:53 AM |
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I do not understand why someone would let go of their precious tops at 1 sato There are only going to be fewer and fewer of these passing into more and more hands, which will also drive up the price and the demand. If I was FUDing, I would say nobody gives a shit when shit is getting fewer than fewer. What gives this coin value? Just fewer and fewer? I say we should focus on more promoting the coins... But it is kinda hard when 90% of the coin are concentrated on the hands of a couple of thousands of people who adopted it earlier. |
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mybogusname
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February 06, 2014, 05:16:46 AM |
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Time to pull out your sells... and watch the price soar!
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MrTowelie
Newbie
Offline
Activity: 49
Merit: 0
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February 06, 2014, 05:22:19 AM |
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Im buying at 6 Sato without trade fee, PM
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SackofBits
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February 06, 2014, 05:24:57 AM |
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Im buying at 6 Sato without trade fee, PM
trade fee is barely anything why not just use an exchange? |
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fearisfearless
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February 06, 2014, 05:25:23 AM |
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I do not understand why someone would let go of their precious tops at 1 sato There are only going to be fewer and fewer of these passing into more and more hands, which will also drive up the price and the demand. If I was FUDing, I would say nobody gives a shit when shit is getting fewer than fewer. What gives this coin value? Just fewer and fewer? I say we should focus on more promoting the coins... But it is kinda hard when 90% of the coin are concentrated on the hands of a couple of thousands of people who adopted it earlier. Promotions, giveaways and community will make or break the coin. If people just hoard them, there is no value in that. What good is any currency fiat or not if NONE is in circulation? |
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fearisfearless
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February 06, 2014, 05:26:11 AM |
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Im buying at 6 Sato without trade fee, PM
I am calling bullshit on this one. Use an exchange |
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mybogusname
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February 06, 2014, 05:51:03 AM |
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Looks like we went halvies... and the hash rate went up.. along with difficulty!
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mybogusname
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February 06, 2014, 06:28:02 AM |
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Sell walls getting knocked down... someone just bought a bunch
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Acidyo
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February 06, 2014, 06:32:32 AM |
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I don't really see how this coin will be anything except for a big dump.
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scroogeMcDuck
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February 06, 2014, 06:37:23 AM |
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I don't really see how this coin will be anything except for a big dump.
Exponential scarcity, constantly flowing from weaker hands into stronger hands. Difficulty is already at 10 and the price is climbing. Bear trap after the first big exchanges, and after that we'll see some real growth. |
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mybogusname
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February 06, 2014, 06:54:09 AM |
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I don't really see how this coin will be anything except for a big dump.
Exponential scarcity, constantly flowing from weaker hands into stronger hands. Difficulty is already at 10 and the price is climbing. Bear trap after the first big exchanges, and after that we'll see some real growth. +1 |
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