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Diminutive definition : Extremely or unusually small.
Coin Name : Diminutive coin
Coin Ticker : DMI
Coin Type : Experimental
Algo : Sha256d Asic
Blocktime : 90 Sec
Chain Retarget : 270 sec
Stake per Year : 15%
Min Stake age : 5 days
Coinbase Mining Maturity : 100 Blocks
Coinbase Wallet Send Maturity : 10 Blocks
Last Pow Block : 87000000
Min Tx fee 0.0000250 : * This is to allow easier movement for miner pools *
Max Coin Supply 10 000 DMI Reworked Wallet Dialog[/b]
Introduction To Coin Reason for Creation : Goal is to create a coin that can function as a vault asset due to it's immense difficulty level to store a coin value however as seen above in the coin specs the yearly pos rate is 15% and will benefit users mining and hodling coin which will be active in 5 days . Sha256 is meant for Asic miners only and cannot be mined by GPU/CPU
!This coin is not for the faint of heart!First Note :
This is a experimental type coin , I wish i could add more emphasis on this part and will be maintained in the background on github if issues is logged. Second Note: This will be listed in my main project as part of a vault type coin if the experiment is successful which can be found here
https://bitcointalk.org/index.php?topic=5120156 . Zarhex is a exchange that is being created and will be paired with BTC - DASH - DOGE - LTC once the exchange is fully developed and power in south africa is not switching off every 6 hours .
Developer Note :
THIS IS EXPERIMENTAL - Zarh and DMI is two different coins and not the same concept - IF the experiment is successfull the premine will be devided into functions - Exchanges may list it if the want to however please contact me on discord before doing so. Again as i stated this is highly experimental due to the block output amount as i'm not able to replicate under testnet environments the stress required on the chain .
Zarhex Exchange itself is ready on however due to the current power issues plaqueing in my country the launch of server will be announced once stable power is aquired
Links:
Block Explorer:
Github:
DMI DISCORD:
Main project:
ZARH DISCORD Discord:
MORE INFO COMING SOON FQ
PREMINE - NO PRE SALE ON THIS COIN 650 - Used by means of maintaining the coin's stability,debug bounties and keeping chain alive .
Experiment 1 Specs
Coin Name : Diminutive coin
Coin Ticker : DMI
Coin Type : Experimental Algo : Sha256d Asic
Blocktime : 90 Sec
Chain Retarget : 270 sec
Stake per Year : 15%
Min Stake age : 5 days
Coinbase Mining Maturity : 100 Blocks
Coinbase Wallet Send Maturity : 10 Blocks
Last Pow Block : 87000000
Min Tx fee 0.00000250 : * This is to allow easier movement for miner pools *
Max Coin Supply
Experiment 2 Specs
Coin Name : Diminutive coin
Coin Ticker : DMI
Coin Type : Experimental Algo : Sha256d Asic
Blocktime : 90 Sec
Chain Retarget : 270 sec
Stake per Year : 15%
Min Stake age : 5 days
Coinbase Mining Maturity : 100 Blocks
Coinbase Wallet Send Maturity : 10 Blocks
Last Pow Block : 87000000
Min Tx fee 0.00000500 : * This is to allow easier movement for miner pools *
Max Coin Supply
Experiment 1 -
Rules
With the findings of Experiment 1 and 2
The avg cost per Transaction is 2= 20.83 satoshis/byte + 26.31 satoshis/byte = 23.57 satoshis/byte Per Block
Note this is a rough estimate on a Testnet inviroment
Moving 250 Blocks will be = 5879 satoshis/byte per 250 Blocks
Moving 500 Blocks will be = 11785 satoshis/byte per 500 Blocks (+- Miner Pool Payout Processed before this time moving the chain)
Moving 1000 blocks will be = 23570 satoshis/byte per 1000 blocks
Moving 2000 blocks will be = 47140 satoshis/byte per 2000 blocks
Moving 3000 blocks will be = 70710 satoshis/byte per 3000 blocks
Moving 5000 blocks will be = 117850 satoshis/byte per 5000 blocks (+- For Pos Maturity in blocks )
Pool Payout Calculation with :
Working on Zpool Payout rates *Payouts for all other currencies are made automatically every 4 hours for balances above 0.0500 * 90 Block time *
3600Sec / 90Sec Block Time = 40 Blocks ( 0.4 DMI Total Mined in 4 hours +-)
Scenario 100 miners Mining at equal speeds
0.01 block / 100 Miners = 0.0001 Per Miner
0.0001 Per Miner -> 0.0500 payout fee = 500 blocks per Miner mining
Miner Time 90 * 500 = 45 000 Sec (750 Minutes)
Possible first payout in 12.5 Hours
Main concerns will be :
Modify Tx Costs
Transaction Min Fee: 11785 satoshis/byte per 500 Blocks to move coin normally + 40 Block for block maturity
Coinbase Mining Maturity : 100 Blocks need to reduce to 40
Block Adjustment 3 reduction (MIN Amount per block) : 0.01DMI x 1.5 = 0.015 DMI to cover miners not reaching the payout amount