MysticDOGE
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KlondikeCoin - Get Real Gold !
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February 21, 2014, 11:49:52 AM |
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Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
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Kergekoin
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February 21, 2014, 11:57:00 AM |
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Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
Coins are generated in the blockchain. Exactly like its generated in PoW right now. Only difference is that PoS blocks have different difficulty algorithm and only aged coins are able to search the PoS blocks. PoS coins are generated by your computer processor and it takes very little effort from CPU to calculate them. As a result it is tens of times more energy efficent than PoW algo. |
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Alakazam2000
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Activity: 98
Merit: 10
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February 21, 2014, 12:00:47 PM |
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+114% on mintpal  |
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thejepper
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February 21, 2014, 12:02:37 PM |
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so when is the next halving exactly?
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Alakazam2000
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Activity: 98
Merit: 10
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February 21, 2014, 12:03:04 PM |
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in 1 week
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Kergekoin
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February 21, 2014, 12:04:44 PM |
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Hi everyone!
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
Can anyone confirm it?
Pretty much correct. Once PoS block is confirmed, your new coins move in to your wallet balance and start aging just like your earlier coins. after 20 days they will start generating interest too. So if interest rate is 20% per year and payout period is 20 days, then this makes effective yearly interest a little bit more than 20%. Exact mathematical formula can be found here: http://en.wikipedia.org/wiki/Effective_interest_rate |
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sakkosekk
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February 21, 2014, 12:09:00 PM |
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Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
PoW and PoS are two different approaches to achieve the same result; generate new coins. |
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Alakazam2000
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Activity: 98
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February 21, 2014, 12:24:14 PM |
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Price still rising like crazy, buy now don't get behind!  |
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Alakazam2000
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Activity: 98
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February 21, 2014, 12:33:40 PM |
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19 satoshi wooow!
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majorminers
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February 21, 2014, 12:34:36 PM |
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19 satoshi wooow!
Wow is right! Super growth overnight literally  |
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Sparkzor
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Merit: 10
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February 21, 2014, 12:37:00 PM |
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Alakazam2000
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February 21, 2014, 12:41:14 PM |
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sorry that you miss the train bro  |
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hvezdasmrti
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February 21, 2014, 12:46:19 PM |
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Wolong pump? The peak of pump wont take too long, they usually dump instantly at maximum price very fast and dont let time competitors to dump too.
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In Pump and Dump we trust.
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Alakazam2000
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Activity: 98
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February 21, 2014, 12:49:17 PM |
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Wolong pump? The peak of pump wont take too long, they usually dump instantly at maximum price very fast and dont let time competitors to dump too.
who cares, I just sold my mint @18 and bought them @6 |
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yogabba
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February 21, 2014, 12:50:50 PM |
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Well, i do like what is going on right now holding 1.5 million and still mining. 1 mint = 1 cent and i´ll get a new apartment lol |
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guidosuller
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Guido
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February 21, 2014, 12:51:35 PM |
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Wolong pump? The peak of pump wont take too long, they usually dump instantly at maximum price very fast and dont let time competitors to dump too.
the price is low!!! |
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hvezdasmrti
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February 21, 2014, 12:52:21 PM |
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Why started people to pump this coin without no big news just yesterday and broke the big walls and now eating thin walls at higher prices because people didnt set them yet, think about it. Its wolong style pump.
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In Pump and Dump we trust.
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publicjud
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Merit: 1003
twet.ch/inv/62d7ae96
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February 21, 2014, 12:52:55 PM |
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Wolong pump? The peak of pump wont take too long, they usually dump instantly at maximum price very fast and dont let time competitors to dump too.
the price is low!!! I hope someone dumps so I can pick up even more. |
Join Twetch twet.ch/inv/62d7ae96 |
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lumeire
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Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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February 21, 2014, 12:54:36 PM |
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Why started people to pump this coin without no big news just yesterday and broke the big walls and now eating thin walls at higher prices because people didnt set them yet, think about it. Its wolong style pump.
Or maybe people saw MINT at coinmarketcap with a 160%+ increase and wanted to join the ride. |
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