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Author Topic: CREDITS: INFLATION PERIOD OVER, SECOND HARD FORK + POKER ROOM COMING SOON  (Read 91819 times)
Chris180Z
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March 07, 2014, 04:09:48 PM
 #961

I'm a little confused. I'm not quite sure how they would be worth more in value, unless we are being sent coins that we should have got if the block rewards are being changed to make it easier for earlier miners?
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March 07, 2014, 04:19:27 PM
 #962

I'm a little confused. I'm not quite sure how they would be worth more in value, unless we are being sent coins that we should have got if the block rewards are being changed to make it easier for earlier miners?

Well no see, the current 6 month inflationary period starts at a 756 block reward, and ends at something like 13,000.  This creates a great deal of inflation, even when you factor in difficulty etc.  The new one (fork) will be much more evened out, and only have a range of a couple of thousand (2-3 most likely) as opposed to over 12,000.  This is designed to give you guys (early miners) a reward for sticking with us, while also sticking with our original thought of having an inflationary period, which will also be reduced from the original 6 months, to 30 days. 
BotwinBG
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March 07, 2014, 04:22:04 PM
 #963

Wonder if the confusion over the terms of fork vs relaunch made the network hasharate drop. In any case, lower diff is nice Smiley Lotsa credits
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March 07, 2014, 04:23:10 PM
 #964

I'm a little confused. I'm not quite sure how they would be worth more in value, unless we are being sent coins that we should have got if the block rewards are being changed to make it easier for earlier miners?

Well no see, the current 6 month inflationary period starts at a 756 block reward, and ends at something like 13,000.  This creates a great deal of inflation, even when you factor in difficulty etc.  The new one (fork) will be much more evened out, and only have a range of a couple of thousand (2-3 most likely) as opposed to over 12,000.  This is designed to give you guys (early miners) a reward for sticking with us, while also sticking with our original thought of having an inflationary period, which will also be reduced from the original 6 months, to 30 days. 

Allright then, i'll be switching my rigs back to credits tonight since i do like your efforts on the marketplace.

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March 07, 2014, 04:37:40 PM
 #965

I'm a little confused. I'm not quite sure how they would be worth more in value, unless we are being sent coins that we should have got if the block rewards are being changed to make it easier for earlier miners?

Well no see, the current 6 month inflationary period starts at a 756 block reward, and ends at something like 13,000.  This creates a great deal of inflation, even when you factor in difficulty etc.  The new one (fork) will be much more evened out, and only have a range of a couple of thousand (2-3 most likely) as opposed to over 12,000.  This is designed to give you guys (early miners) a reward for sticking with us, while also sticking with our original thought of having an inflationary period, which will also be reduced from the original 6 months, to 30 days. 

Allright then, i'll be switching my rigs back to credits tonight since i do like your efforts on the marketplace.

That's awesome to hear!  Keep in mind that we might not have the fork out for a couple of days
sarlangg
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March 07, 2014, 04:47:46 PM
 #966

Mining Credits is highly profitable now in my book.  I'm the mining the shit out of it.
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March 07, 2014, 04:48:48 PM
 #967

Mining Credits is highly profitable now in my book.  I'm the mining the shit out of it.

I hope with us ?!  cr.poolerino.com 0% fee - nothing less
Bowdlerize
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March 07, 2014, 05:34:29 PM
 #968

You have won me back with a great save. When can I expect to see the new block reward coming through on http://cr.poolerino.com/?

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March 07, 2014, 05:46:05 PM
 #969

You have won me back with a great save. When can I expect to see the new block reward coming through on http://cr.poolerino.com/?

When we release the fork, which will be in a couple of days. 
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March 07, 2014, 06:09:28 PM
 #970

You have won me back with a great save. When can I expect to see the new block reward coming through on http://cr.poolerino.com/?

When we release the fork, which will be in a couple of days. 

yeah, i'm gonna chime in on the chorus, very good work and very good attitude. for being such good devs i'm not gonna dump. ever.
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March 07, 2014, 06:13:09 PM
 #971

I'm a little confused. I'm not quite sure how they would be worth more in value, unless we are being sent coins that we should have got if the block rewards are being changed to make it easier for earlier miners?

Well no see, the current 6 month inflationary period starts at a 756 block reward, and ends at something like 13,000.  This creates a great deal of inflation, even when you factor in difficulty etc.  The new one (fork) will be much more evened out, and only have a range of a couple of thousand (2-3 most likely) as opposed to over 12,000.  This is designed to give you guys (early miners) a reward for sticking with us, while also sticking with our original thought of having an inflationary period, which will also be reduced from the original 6 months, to 30 days. 

Awesome.
dnaanders
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March 07, 2014, 06:40:31 PM
 #972

These are the changes:

- The inflationary period is 30 days now, as opposed to 6 months.

- 6 separate periods of five days each

2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 2000

Then halves every two years.

Still toying around with the last period, but for the most part this is final.

This is designed to drastically reduce the inflationary period, which we felt gave no incentive to mine at all until the 5th month, when people would have completely forgotten about Credits as a whole. Also, it's obvious that inflation until a 13k block reward was completely ridiculous.  The new system cuts that down to a max of 4000 (only for five days), then goes down to 2000.  So, you loyal miners that were concerned about the value of your coins that you have mined since release, they will now be more valuable than previously expected.  

Please give feedback everyone, we want to hear honest opinions!
Din
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March 07, 2014, 07:43:58 PM
 #973

These are the changes:

- The inflationary period is 30 days now, as opposed to 6 months.

- 6 separate periods of five days each

2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 2000

Then halves every two years.

Still toying around with the last period, but for the most part this is final.

This is designed to drastically reduce the inflationary period, which we felt gave no incentive to mine at all until the 5th month, when people would have completely forgotten about Credits as a whole. Also, it's obvious that inflation until a 13k block reward was completely ridiculous.  The new system cuts that down to a max of 4000 (only for five days), then goes down to 2000.  So, you loyal miners that were concerned about the value of your coins that you have mined since release, they will now be more valuable than previously expected.  

Please give feedback everyone, we want to hear honest opinions!

Sounds pretty promising, it's what the people wanted.
What do you think now guys?
neuroMode
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March 07, 2014, 07:51:48 PM
 #974

All I know is that I'm going back to mining this now Smiley

Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
Wrecked
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March 07, 2014, 07:52:45 PM
 #975

If you really want to have miners have an incentive to mine, then move it down from 2000 to 1000.
P2PHash
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March 07, 2014, 07:59:16 PM
 #976


Hi guys, I've set up a p2pool for Credits!!
Address: cr.p2phash.com

Some P2Pool benefits:
* No registration
* Immediate payouts after a block is found
* Slighty higher payouts including block fee
* No account hack possible

Fee: 1%
Location: Switzerland (EU)
ultrastructure
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March 07, 2014, 08:09:00 PM
 #977

These are the changes:

- The inflationary period is 30 days now, as opposed to 6 months.

- 6 separate periods of five days each

2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 2000

Then halves every two years.

Still toying around with the last period, but for the most part this is final.

This is designed to drastically reduce the inflationary period, which we felt gave no incentive to mine at all until the 5th month, when people would have completely forgotten about Credits as a whole. Also, it's obvious that inflation until a 13k block reward was completely ridiculous.  The new system cuts that down to a max of 4000 (only for five days), then goes down to 2000.  So, you loyal miners that were concerned about the value of your coins that you have mined since release, they will now be more valuable than previously expected.  

Please give feedback everyone, we want to hear honest opinions!

Thanks a lot, this sounds great.
lixxy
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March 07, 2014, 08:10:50 PM
 #978

Excuse me, but why is there "forking soon" in the thread title, but in the post itself it is not explained at all what you mean by this? Please clarify!
dnaanders
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March 07, 2014, 08:11:59 PM
 #979

Excuse me, but why is there "forking soon" in the thread title, but in the post itself it is not explained at all what you mean by this? Please clarify!

Sorry about that, I posted the details on this page and was just about to update the OP.  

edit: OP is updated
lixxy
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March 07, 2014, 08:18:14 PM
 #980

Excuse me, but why is there "forking soon" in the thread title, but in the post itself it is not explained at all what you mean by this? Please clarify!

Sorry about that, I posted the details on this page and was just about to update the OP.  

edit: OP is updated

Thank you, that was fast! Smiley Love seeing a coin with a dev behind it that actually cares and invests a lot of time
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