[ANN]XDNA-Revolution in cryptocurrency|POS|Charity Support|NoICO|

[TasosRiv]

Well... We're not that far away from lvl2, we're hitting lvl2 even today but only for a few minutes/hours.
If XDNA goes another 20% up we should enter lvl2 and stay there stably.

And as it turns out that we then go to level 2 then return to level 1. I thought if we got to level 2, we'd stay there.

The BitGun lvl is meant to be dynamic and either fall to support the price or rise to support the miners when the price is strong.
Right now the price is at its lowest, so the BitGun lvl is also playing between the 2 lowest lvls.

[Prototipus]

I see the future without mining. But still you should not deny that it will always be.

[C|R|Y|P|T|O|M|A|N]

The BitGun lvl is meant to be dynamic and either fall to support the price or rise to support the miners when the price is strong.
Right now the price is at its lowest, so the BitGun lvl is also playing between the 2 lowest lvls.

That is, the coin varies between 1 and 2 level BitGun? And how is this reflected in the size of payments for masternode rewards? how many coins the first level gives we know, and how many gives level 2?

[ARTiShock2008]

That's the problem. And I was still surprised that last night a non-standard payment arrived once. Instead of 0.95 coins - 1.65. So it was a short transition to level 2 of BitGun?

[tor9]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

[Dollar_Hunter]

Just in this XDNA coin at this stage of development of the POS staking project is not very relevant.

Would you mind explaining more about it 'not very relevant', please.
Honestly, I don't get what you meant with the phrase above.

I myself also don't understand about the sentence so please explain in more detail so I understand, but if you object to explain it in more detail I will not question it because it also depends on your decision

[DonProton]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

You keep in mind that the complexity of mining is constantly growing. In a few years, it will be as difficult and impossible to get Bitcoin for a large farm as it is to get Bitcoin on a home computer now.

[Crypton2018]

Just in this XDNA coin at this stage of development of the POS staking project is not very relevant.

Would you mind explaining more about it 'not very relevant', please.
Honestly, I don't get what you meant with the phrase above.

I myself also don't understand about the sentence so please explain in more detail so I understand, but if you object to explain it in more detail I will not question it because it also depends on your decision

I also do not understand what this person had in mind when he said that having the opportunity to receive income from POS staking is not important for the XDNA project.

[DiscoMan]

This makes no sense. Maybe he did not put it right? How is this POS staking not important in a coin? I think that all investors would gladly take the opportunity to receive passive income from storing XDNA coins.

[Guardsman]

Once they asked the developers a question about the POS. It seems that everything will be next year.

[whotheff]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

You keep in mind that the complexity of mining is constantly growing. In a few years, it will be as difficult and impossible to get Bitcoin for a large farm as it is to get Bitcoin on a home computer now.

While difficulty grows, compute power also grows. If difficulty grows too quickly (as it happened recently with all coins due to hype), the tech is left behind
and you need to double the number of compute units. That makes the price go down, and diff to stop growing (as it happens now) or even go down for unpopular coins.
The next wave of new compute hardware will again boost the numbers. It's always a chase game.

[TasosRiv]

The BitGun lvl is meant to be dynamic and either fall to support the price or rise to support the miners when the price is strong.
Right now the price is at its lowest, so the BitGun lvl is also playing between the 2 lowest lvls.

That is, the coin varies between 1 and 2 level BitGun? And how is this reflected in the size of payments for masternode rewards? how many coins the first level gives we know, and how many gives level 2?

lvl1 pays 3.8 and lvl2 pays 4.7 XDNA per block.
You can find details for all 15 lvls here: https://xdna.io/bitgun however after the fork, each month the block reward is reduced by about 7%, similar to how halving works in other projects
So far we've seen 1 reduction.

[Tryam93]

The BitGun lvl is meant to be dynamic and either fall to support the price or rise to support the miners when the price is strong.
Right now the price is at its lowest, so the BitGun lvl is also playing between the 2 lowest lvls.

That is, the coin varies between 1 and 2 level BitGun? And how is this reflected in the size of payments for masternode rewards? how many coins the first level gives we know, and how many gives level 2?

lvl1 pays 3.8 and lvl2 pays 4.7 XDNA per block.
You can find details for all 15 lvls here: https://xdna.io/bitgun however after the fork, each month the block reward is reduced by about 7%, similar to how halving works in other projects
So far we've seen 1 reduction.

Is it possible that in a year it will be impossible to earn anything at all? What is the point then?

[TasosRiv]

We are glad to present another great work from our Discord member Hitman420



An article about XDNA recent fork
Detailed description of all changes with tables and graphs!
Hurry up to read if you do not know what has changed after the fork! Enjoy the reading.

https://steemit.com/crypto/@hitmancro/xdna-has-implemented-hard-fork

[TasosRiv]

The BitGun lvl is meant to be dynamic and either fall to support the price or rise to support the miners when the price is strong.
Right now the price is at its lowest, so the BitGun lvl is also playing between the 2 lowest lvls.

That is, the coin varies between 1 and 2 level BitGun? And how is this reflected in the size of payments for masternode rewards? how many coins the first level gives we know, and how many gives level 2?

lvl1 pays 3.8 and lvl2 pays 4.7 XDNA per block.
You can find details for all 15 lvls here: https://xdna.io/bitgun however after the fork, each month the block reward is reduced by about 7%, similar to how halving works in other projects
So far we've seen 1 reduction.

Is it possible that in a year it will be impossible to earn anything at all? What is the point then?

It's important for all coins to have a reduction in the produced amount, it's necessary to create scarcity and increase the value.
Bitcoin for example has a halving (-50% in block reward) every 4 years or so. However this doesn't make the coin unobtainable, but the opposite!
Since after every halving BTC's price is more that doubled, it becomes more profitable to mine.

However Bitcoin is meant to be PoW and minable forever, XDNA on the other hand will become PoS in about 2.5 years, PoW phase is meant to last for about 3 years in total and it will experience only 2 "halvings", one every year.
However, instead of halving (-50%) the reward every 12 months, XDNA is reducing it by roughly 7% every month with the outcome being a 50% reduction after a year and another 50% on the 2nd year, totaling a 75% reduction after 2 years.

You can find a detailed table in the article I shared above (https://steemit.com/crypto/@hitmancro/xdna-has-implemented-hard-fork).
As you can see there, the reduction is smaller in the first BitGun levels and bigger on the higher levels.

[ZloiRediska]

However Bitcoin is meant to be PoW and minable forever, XDNA on the other hand will become PoS in about 2.5 years, PoW phase is meant to last for about 3 years in total and it will experience only 2 "halvings", one every year.

Did you mean that in 2.5 years will be activated POS, or coin XDNA will fully switch to POS?

[Nikkor911628jsnf]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

You keep in mind that the complexity of mining is constantly growing. In a few years, it will be as difficult and impossible to get Bitcoin for a large farm as it is to get Bitcoin on a home computer now.

While difficulty grows, compute power also grows. If difficulty grows too quickly (as it happened recently with all coins due to hype), the tech is left behind
and you need to double the number of compute units. That makes the price go down, and diff to stop growing (as it happens now) or even go down for unpopular coins.
The next wave of new compute hardware will again boost the numbers. It's always a chase game.

In any case, technology needs to be developed, and quickly and correctly. And this world requires professionals with completely different abilities

[pactiond]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

You keep in mind that the complexity of mining is constantly growing. In a few years, it will be as difficult and impossible to get Bitcoin for a large farm as it is to get Bitcoin on a home computer now.

While difficulty grows, compute power also grows. If difficulty grows too quickly (as it happened recently with all coins due to hype), the tech is left behind
and you need to double the number of compute units. That makes the price go down, and diff to stop growing (as it happens now) or even go down for unpopular coins.
The next wave of new compute hardware will again boost the numbers. It's always a chase game.

In any case, technology needs to be developed, and quickly and correctly. And this world requires professionals with completely different abilities

Yes, and unfortunately such people are not prepared by our schools and universities. Additional education based on modern knowledge is needed

[HappStoreW]

I see the future without mining. But still you should not deny that it will always be.

mining most likely will not disappear, still some kind of coin will be mined,there are countries where cheap electricity and mining will work there

You keep in mind that the complexity of mining is constantly growing. In a few years, it will be as difficult and impossible to get Bitcoin for a large farm as it is to get Bitcoin on a home computer now.

While difficulty grows, compute power also grows. If difficulty grows too quickly (as it happened recently with all coins due to hype), the tech is left behind
and you need to double the number of compute units. That makes the price go down, and diff to stop growing (as it happens now) or even go down for unpopular coins.
The next wave of new compute hardware will again boost the numbers. It's always a chase game.

In any case, technology needs to be developed, and quickly and correctly. And this world requires professionals with completely different abilities

Yes, and unfortunately such people are not prepared by our schools and universities. Additional education based on modern knowledge is needed

Fortunately now there are modern programs about cryptocurrency, blockchain and much more.

[Hanna_Money]

Yes, and unfortunately such people are not prepared by our schools and universities. Additional education based on modern knowledge is needed

It is said that the majority of top IT specialists are self-taught and young geniuses are geeks. Genius can not be taught!