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Author Topic: ★[ANN]★[GHC] Ghostcoin ☢ 4 Exchanges ☢ Fast ☢ POW/POS Hybrid ☢ OpenSSL Patched ☢  (Read 98845 times)
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March 24, 2014, 02:51:31 PM
 #801

POS Begins after 2 months.
Vlizzjeffrey
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March 24, 2014, 03:00:58 PM
 #802

Thx man thats good to know, so i have a few weeks to mine ghostcoin after all, i was afraid i was
To late hehe.

Keep voting mintpal guys im giving ghostcoin 5 votes every hour.

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March 24, 2014, 03:26:21 PM
 #803

POS Begins after 2 months.

Can you clear this up for me?  Do you mean that it will remain POW up until May 10 even though, at this rate, we will be well over 20% of the total coins mined?  Or do you mean that the coins will start staking after 2 months and that POW is ending now - 20% POW / 80% POS??  Thanks.
Coins start staking after 2 months?  Huh
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March 24, 2014, 03:45:39 PM
 #804

POS Begins after 2 months.

Can you clear this up for me?  Do you mean that it will remain POW up until May 10 even though, at this rate, we will be well over 20% of the total coins mined?  Or do you mean that the coins will start staking after 2 months and that POW is ending now - 20% POW / 80% POS??  Thanks.
Coins start staking after 2 months?  Huh

So, we are to assume the 20% POW / 80% POS figure is incorrect?  It does matter.

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  Tested .5000 tx per block. on open network
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hankrules
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March 24, 2014, 06:21:41 PM
 #805

Is your question for me or the developer?  I'm not a miner, I'm an investor, so correct me if I'm wrong.  POW can end now  at 20%, but the coins don't start paying out until the 2 month mark - is this right?  If POW continues for 6 more weeks there will be a lot more coins than 20%.  Any clarity you can give me is appreciated.  Thanks.
It's for the dev.

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  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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flytosky
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March 24, 2014, 06:48:22 PM
 #806

Is your question for me or the developer?  I'm not a miner, I'm an investor, so correct me if I'm wrong.  POW can end now  at 20%, but the coins don't start paying out until the 2 month mark - is this right?  If POW continues for 6 more weeks there will be a lot more coins than 20%.  Any clarity you can give me is appreciated.  Thanks.
It's for the dev.
Dev stated at a earlier time that it is 20% POW / 80% POS
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March 24, 2014, 07:33:29 PM
 #807

Is your question for me or the developer?  I'm not a miner, I'm an investor, so correct me if I'm wrong.  POW can end now  at 20%, but the coins don't start paying out until the 2 month mark - is this right?  If POW continues for 6 more weeks there will be a lot more coins than 20%.  Any clarity you can give me is appreciated.  Thanks.
It's for the dev.
Dev stated at a earlier time that it is 20% POW / 80% POS

Now, total coin is 157585208.
What Dev stated at any point of time contradicts.
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March 24, 2014, 07:54:27 PM
 #808

The devs math is a touch off as it will be closer to 200M coins through pow. The next halving will occur very soon so that means ~75% of the minable coins have been mined so far. I believe it takes roughly 20 days from mining until the coins are able to stake so the first pos sgould come next weekend. I can't check the code right now to confirm so I'm going from memory but I'll check when I'm home later. And the 20% is the amount a staked coin will earn I believe in the first year.
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March 24, 2014, 08:00:59 PM
 #809

page 4, post 66, dev already stated this "20Days/40 Days max, Start staking at 161280."

looks like we have to wait about 6 more weeks, for the remaining 25% pow, until pos

and yes, i think the math is off a bit
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March 24, 2014, 08:36:29 PM
 #810

I just voted AGAIN at Mintpal !! Lol keep the voting going people if we can get this thing up on Mintpal it will get recognized by many more people!!

Bitcoin is gonna hit 100K usd
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March 24, 2014, 09:10:58 PM
 #811

If you include the 7.5 million premine,1% then it is probably right.

2X4B-523P
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March 24, 2014, 10:57:02 PM
 #812

Ghostcoin added to http://whatmine.com


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March 25, 2014, 01:49:17 AM
 #813

Okay, POS is a bit off - I'll live.  I'm still going to promote this coin as I think it is going to be very attractive to new money coming to the market.  I love the name and think it is perfect for a huge marketing campaign. 
promote?
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March 25, 2014, 04:09:43 AM
 #814

Checking the code - it looks like the pow stage ends at block 161,280. Which should be the end of the 5th week.
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March 25, 2014, 01:54:27 PM
 #815

Checking the code - it looks like the pow stage ends at block 161,280. Which should be the end of the 5th week.

thank you
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March 25, 2014, 05:46:29 PM
 #816

https://i.imgur.com/LwpBUqi.png
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March 25, 2014, 06:02:52 PM
 #817

Regarding the PoS/PoW calculations, I think you all got it wrong here (including the dev Wink )

Although there is a way to make the wallet calculate the coins generated, it's time consuming and requires more memory than just to count block height...

In other words: Wallets, all the times are using block height to do any behavior changing... From halving, to stop PoW in our case...
Now, add to the formula that the block reward both from PoS and PoW is random then you can easily understand that it's not accurate to calculate amout of coins. Instead we should be calculating amount of blocks...
If you ask me why PoS is not known, it's simply because nobody can tell how many blocks will reach adulthood for PoS and when they're going to be created (having from lowest to highest possible interest rate).
Also, please consider the fact that if PoW is starting after X weeks and PoW is stopping after X-1 weeks, there will be a huge gap where no blocks are being found, so no transactions, no nothing. A dead blockchain.

That shouldn't (and isn't going to) happen in a coin's life Smiley

So keep mining and keep buying...
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March 25, 2014, 06:08:38 PM
 #818

Regarding the PoS/PoW calculations, I think you all got it wrong here (including the dev Wink )

Although there is a way to make the wallet calculate the coins generated, it's time consuming and requires more memory than just to count block height...

In other words: Wallets, all the times are using block height to do any behavior changing... From halving, to stop PoW in our case...
Now, add to the formula that the block reward both from PoS and PoW is random then you can easily understand that it's not accurate to calculate amout of coins. Instead we should be calculating amount of blocks...
If you ask me why PoS is not known, it's simply because nobody can tell how many blocks will reach adulthood for PoS and when they're going to be created (having from lowest to highest possible interest rate).
Also, please consider the fact that if PoW is starting after X weeks and PoW is stopping after X-1 weeks, there will be a huge gap where no blocks are being found, so no transactions, no nothing. A dead blockchain.

That shouldn't (and isn't going to) happen in a coin's life Smiley

So keep mining and keep buying...

Thanks for the clear explanation.

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  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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Vlizzjeffrey
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March 25, 2014, 09:29:40 PM
 #819

what happend im getting like much less coins then some days earlier, was there a block halving ?

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DeepOnion★  Anonymity Guaranteed
★  Anonymous and Untraceable
★  Guard Your Privacy
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March 25, 2014, 09:38:56 PM
 #820

what happend im getting like much less coins then some days earlier, was there a block halving ?
Yes!
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