♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ MERGE MINE WITH FRK NOW! ♦

[Alexbalix]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.

[1715347204]

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[PinkPotatos]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.

Now you know why the bounties pay so much. We will be giving tons away.

[thehulkk]

 

[scottii]

I've already given out, like 100 million.   

[niteryder]

Put me down for a pool.  

http://mim.allpoolz.com

[Alexbalix]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.

Now you know why the bounties pay so much. We will be giving tons away.

Which is great to an extent, but that only puts it into the hands of people who will want to dump even sooner. My only advice is to hold off on getting on an exchange for as long as possible.

[scottii]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.

Now you know why the bounties pay so much. We will be giving tons away.

Which is great to an extent, but that only puts it into the hands of people who will want to dump even sooner. My only advice is to hold off on getting on an exchange for as long as possible.

That is the goal, we are just having fun with it. Dont want to take anything serious.

[Xamda]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

Would you please clarify this?

Does that mean the premine is one billion coins? Or is it a certain percentage (0.1) that goes to this purpose continuously (0,1 % every year) somehow?

If the premine is 1,000,000,000  it is more like a 6% premine of the coins from the first year...

Or am I missing something essential here?

[peakay]

I can get behind this!

[scottii]

I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

Would you please clarify this?

Does that mean the premine is one billion coins? Or is it a certain percentage (0.1) that goes to this purpose continuously (0,1 % every year) somehow?

If the premine is 1,000,000,000  it is more like a 6% premine of the coins from the first year...

Or am I missing something essential here?

Thats right for the first year, but we were basing the math off of 100 years similar to bitcoin. At the same time its infinite so every 100 years a trillion coins will be mined.

[singula]

BTW you have a nice integer overflow in the code (value too large for 64bit int):
src/main.h:57:48: warning: integer overflow in expression [-Woverflow]

Code:

 static const int64 MAX_MONEY = 1000000000000 * COIN;

Effectively, it is (due to the overflow) approximately equivalent to this:

Code:

 static const int64 MAX_MONEY = 77662796314 * COIN;

[scottii]

BTW you have a nice integer overflow in the code (value too large for 64bit int):
src/main.h:57:48: warning: integer overflow in expression [-Woverflow]

Code:

 static const int64 MAX_MONEY = 1000000000000 * COIN;

Effectively, it is (due to the overflow) approximately equivalent to this:

Code:

 static const int64 MAX_MONEY = 77662796314 * COIN;

Ahh! I see, we will fix that in the next update thanks for finding it! Whats your mim address?

[Volgon]

https://i.imgur.com/P8vGgp9.jpg

LMEpqe7Z9zX7ksBLuJAET4DgDwcoWD5DsD

[PinkPotatos]

I believe in magic.

[ming08108]

https://i.imgur.com/HiV0n8k.png


http://mim.stablehash.com/

Features:

48GB DDR3 ram + Xeon 4/8 core processor
2TB HDD + RAM memcache
160 Gbps DDoS mitigation
99+% efficiency
99+% uptime
PROP 1% fee
VARDIFF
Commitment to uptime and stability
IRC chat

First 20 signups 0% fees!

Do not risk your coins! Join a reputable pool!

[scottii]

http://mim.stablehash.com/

Features:

48GB DDR3 ram + Xeon 4/8 core processor
2TB HDD + RAM memcache
160 Gbps DDoS mitigation
99+% efficiency
99+% uptime
PROP 1% fee
VARDIFF
Commitment to uptime and stability
IRC chat

First 20 signups 0% fees!

Do not risk your coins! Join a reputable pool!

Added you to the op

[midnight_rgs]

Ok, let's try

MIM adress: LUFjoWAD5zocyxP8hkSh8fSjALvjBwdDPT

[huskyxx]

I believe in magic!

[Juan Taun]

Having problems compiling, any chance of 64 bit binaries for linux?

[scottii]

Having problems compiling, any chance of 64 bit binaries for linux?

 I can work on em