hypes (OP)
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February 28, 2014, 08:58:43 PM Last edit: March 03, 2014, 07:48:54 PM by hypes |
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UpdateWe've decided to alter the spec and thus changing the reward structure. We've put a lot of effort into coding our own script which produces a visual table of the control of supply. It is now as follows SpecificationsAlgorithm: | Scrypt-N | Initial Block Reward: | 500 CAN | Block Target Spacing: | 60 seconds | Block Halving every: | 500,000 Blocks (just under a year @ 1440 blocks/day) | Difficulty Retargetting: | Every block Multi-pool resistant with Kimoto's Gravity Well | Max Supply: | 500,000,000 (500 Million) | Premine: | 1% | .,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,. | Reward StructureBlock | Reward Era | CAN/block | Date (approx) | Start of Era CAN | CAN Added | End of Era CAN | 0 | 1 | 500.00000000 | 2014-03-02 | 0 | 250000000 | 250000000 | 500000 | 2 | 250.00000000 | 2015-02-12 | 250000000 | 125000000 | 375000000 | 1000000 | 3 | 125.00000000 | 2016-01-25 | 375000000 | 62500000 | 437500000 | 1500000 | 4 | 62.50000000 | 2017-01-06 | 437500000 | 31250000 | 468750000 | 2000000 | 5 | 31.25000000 | 2017-12-19 | 468750000 | 15625000 | 484375000 | 2500000 | 6 | 15.62500000 | 2018-12-01 | 484375000 | 7812500 | 492187500 | 3000000 | 7 | 7.81250000 | 2019-11-13 | 492187500 | 3906250 | 496093750 | 3500000 | 8 | 3.90625000 | 2020-10-25 | 496093750 | 1953125 | 498046875 | 4000000 | 9 | 1.95312500 | 2021-10-07 | 498046875 | 976562.5 | 499023437.5 | 4500000 | 10 | 0.97656250 | 2022-09-19 | 499023437.5 | 488281.25 | 499511718.75 | 5000000 | 11 | 0.48828125 | 2023-09-01 | 499511718.75 | 244140.625 | 499755859.375 | 5500000 | 12 | 0.24414062 | 2024-08-13 | 499755859.375 | 122070.3125 | 499877929.6875 | 6000000 | 13 | 0.12207031 | 2025-07-26 | 499877929.6875 | 61035.15625 | 499938964.84375 | 6500000 | 14 | 0.06103516 | 2026-07-08 | 499938964.84375 | 30517.578125 | 499969482.42188 | 7000000 | 15 | 0.03051758 | 2027-06-20 | 499969482.42188 | 15258.7890625 | 499984741.21094 | 7500000 | 16 | 0.01525879 | 2028-06-01 | 499984741.21094 | 7629.39453125 | 499992370.60547 | 8000000 | 17 | 0.00762939 | 2029-05-14 | 499992370.60547 | 3814.697265625 | 499996185.30273 | 8500000 | 18 | 0.00381470 | 2030-04-26 | 499996185.30273 | 1907.3486328125 | 499998092.65137 | 9000000 | 19 | 0.00190735 | 2031-04-08 | 499998092.65137 | 953.67431640625 | 499999046.32568 | 9500000 | 20 | 0.00095367 | 2032-03-20 | 499999046.32568 | 476.83715820312 | 499999523.16284 | 10000000 | 21 | 0.00047684 | 2033-03-02 | 499999523.16284 | 238.41857910156 | 499999761.58142 | 10500000 | 22 | 0.00023842 | 2034-02-12 | 499999761.58142 | 119.20928955078 | 499999880.79071 | 11000000 | 23 | 0.00011921 | 2035-01-25 | 499999880.79071 | 59.604644775391 | 499999940.39536 | 11500000 | 24 | 0.00005960 | 2036-01-07 | 499999940.39536 | 29.802322387695 | 499999970.19768 | 12000000 | 25 | 0.00002980 | 2036-12-19 | 499999970.19768 | 14.901161193848 | 499999985.09884 | 12500000 | 26 | 0.00001490 | 2037-12-01 | 499999985.09884 | 7.4505805969238 | 499999992.54942 | 19000000 | 39 | 0.00000000 | Out of 32bit range | 499999999.99818 | 0.00090949470177293 | 499999999.99909 |
We feel this will work well, with a sensible number of total coins. Feedback is appreciated. Thanks
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supaH
Newbie
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Activity: 26
Merit: 10
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March 01, 2014, 02:12:53 AM |
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By "Beginning of March", do you mean like the 1st or 2nd? or 7th or 8th?
Thanks, looking to get in on this early.
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hypes (OP)
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March 01, 2014, 08:17:48 AM |
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Could be any day now, we would rather not say the exact date until we're confident everything is in place for a successful launch
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hypes (OP)
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March 02, 2014, 03:20:26 PM Last edit: March 02, 2014, 03:36:07 PM by hypes |
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We've updated the reward structure again, we wanted the halving to be a little longer, year. We feel this will give more scope for adoption over a longer period, as mining is becoming more mainstream everyday.
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hypes (OP)
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March 03, 2014, 07:46:40 PM |
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Another update:
We've also decided to make the coin Scrypt-N.
This is due to the influx of ASICs making Scrypt coins require much more power to make a decent profit for the casual miner (you may have noticed in the last 2 weeks). We feel that it's important not to segregate the new miners that are discovering cryptocurrency mining. We hope you also agree.
We will make a concerted effort to provide information on how to mine Scrypt-N.
Thanks
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ekrem
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March 03, 2014, 07:53:27 PM |
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where the canabis wallet
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Amph
Legendary
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Activity: 3248
Merit: 1070
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March 03, 2014, 07:54:38 PM |
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you premined 5M with a block value of 500
TOPLEL
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hypes (OP)
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March 03, 2014, 08:02:43 PM |
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you premined 5M with a block value of 500
TOPLEL
We have not premined anything yet, this is just a pre-accouncement. If you feel 1% is too much, please state that. We need assets for bounties, getting it onto exchanges and fiat>CAN (we've already been contacted about this) and also getting it into retailers. There's 1440 blocks per day (60 second blocks), which works out to 720,000 CAN per day, you cannot base your negative assumptions on block value alone. I also do not understand TOPLEL, maybe this is some kind of newskool term?
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Amph
Legendary
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Activity: 3248
Merit: 1070
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March 03, 2014, 08:13:16 PM |
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toplel is just like having the best laugh TOP + LOL
anyway we will see how this will turn out...
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hypes (OP)
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March 03, 2014, 09:21:24 PM |
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where the canabis wallet Not long now
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jamo4000
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March 03, 2014, 09:27:11 PM |
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Nice !
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jootn2kx
Full Member
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Activity: 378
Merit: 101
Estimated.Pro - Crypto Signals. Free.
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March 03, 2014, 09:32:12 PM |
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so its launching immediatly?
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tazcatlicoatlus
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March 03, 2014, 09:36:07 PM |
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Wow loved everything and thought it was the best cannabis coin so far, then seen the 1% Premine 5,000,000 I love the 2 dog plant, everything about this coin looks nice, but nowadays the premines get a lot of resistance. This coin has a lot of potential without it imo.
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The Jesuits = The Money Changers - Executive order 11110, Green Hilton Memorial Agreement, Global collateral accounts.. The US Treasury needs to print United States Notes backed by any physical assets; unlike this debt tool 'federal reserve note' printed by a private central bank that is 100% unconstitutional
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hypes (OP)
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March 03, 2014, 10:19:11 PM Last edit: March 03, 2014, 10:31:18 PM by hypes |
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Wow loved everything and thought it was the best cannabis coin so far, then seen the 1% Premine 5,000,000 I love the 2 dog plant, everything about this coin looks nice, but nowadays the premines get a lot of resistance. This coin has a lot of potential without it imo. Thanks for the comments. While I do understand, the benefits of the developers having assets (if they care about the coin and not to just dump) means development can move quicker by delivering bounties. Without this, the coins growth could be stunted as more services want a cut for them to add a coin. This may not be the case without a premine, but we would rather have the option to be able to pay for services if we need to.
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hypes (OP)
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March 04, 2014, 01:02:33 PM |
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so its launching immediatly?
We're still making sure everything is in place for a successful launch. We do not want a failed launch!
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8-bit
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April 02, 2014, 03:26:09 PM |
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What are your thoughts on Scrypt-N people?
I am new to Scrypt-N and love the fact that powerful asic machines cannot mine the coin, however, right now its difficult for me to swallow the lower hashing speeds. can someone help me see the potential. my r9 280 saphire gets 730kh on scrypt, but only 335 on scrypt-N btw, cool coin!
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CannaCoin.tech - The Future of the Cannabis Industry | CannaCoin Community Manager “The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively” ― Bob Marley
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8-bit
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April 08, 2014, 02:39:58 PM |
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any update on the release of this coin>?
thanks
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CannaCoin.tech - The Future of the Cannabis Industry | CannaCoin Community Manager “The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively” ― Bob Marley
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teamlottowin
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August 10, 2014, 07:16:32 AM |
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did this just get added to TREX or is there another Cannabiscoin ??
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SimonBaker
Newbie
Offline
Activity: 6
Merit: 0
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May 17, 2017, 05:08:17 PM |
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I really wanna know more about these coins. POtcoin, Dopecoin, etc. Are their others? It sounds like these are going to great in cannabis community.
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