defaced (OP)
Legendary
Offline
Activity: 2198
Merit: 1014
Franko is Freedom
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April 16, 2014, 04:19:21 PM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make.
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burningzoul
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April 16, 2014, 05:42:41 PM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make. I like it also, doesn`t seem something crazy from my point, if the community agrees maybe we can make a POLL here to vote.
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kopam
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April 16, 2014, 05:45:18 PM |
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I started mining with my entire farm ( about 500mhs with Aiden ) and i also have about 3k+ , i like this change and i vote FOR it
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ando0022
Member
Offline
Activity: 98
Merit: 10
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April 16, 2014, 06:53:29 PM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make. I like it also, doesn`t seem something crazy from my point, if the community agrees maybe we can make a POLL here to vote. Good Idea, let us make a POLL .. here or maybe in our official Aiden-Forum.
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Philll90
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April 16, 2014, 07:25:37 PM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make. I like it also, doesn`t seem something crazy from my point, if the community agrees maybe we can make a POLL here to vote. +1 I also like it. Looks much better than the current distribution.
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4upools
Newbie
Offline
Activity: 17
Merit: 0
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April 16, 2014, 07:45:35 PM |
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4UPOOL Fee: 1% Uptime:100% Payouts: Run every minute DDoS: Protected Support:support@4upool.com daily backup to save your coins
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lunswor
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April 16, 2014, 10:25:44 PM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make. I like it also, doesn`t seem something crazy from my point, if the community agrees maybe we can make a POLL here to vote. +1 I also like it. Looks much better than the current distribution. I like this also
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snogcel
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April 17, 2014, 12:46:53 AM |
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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN 50 ADN / block 30 second block target time 840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster. Other note, check out this logo https://i.imgur.com/9wR4cEt.jpghi,defaced, I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully. Thanks! Doing this now is slightly dishonest and gives alot of coins to the first miners. I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks), Doing so does not result in unfairness, while keeping prices stable。 +1 +1 The Point is that we have actual no merchant or something else what we can do with our coins. they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky, but what will the future bring us ? (shareholder and miner from the beginning) ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants. This is still not enough infrastructure to outweigh the rate of current mining. I agree with a faster reward halving, but it needs to be done more thoughtfully. This is the current distribution:blocks reward coins total coins time (years) 840000 50 42000000 42000000 0.799086758 840000 25 21000000 63000000 1.598173516 840000 12.5 10500000 73500000 2.397260274 840000 6.25 5250000 78750000 3.196347032 840000 3.125 2625000 81375000 3.99543379 840000 1.5625 1312500 82687500 4.794520548 840000 0.78125 656250 83343750 5.593607306 840000 0.390625 328125 83671875 6.392694064 840000 0.1953125 164062.5 83835937.5 7.191780822 840000 0.09765625 82031.25 83917968.75 7.99086758 At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 210000 25 5250000 15750000 0.399543379 210000 12.5 2625000 18375000 0.599315068 210000 6.25 1312500 19687500 0.799086758 210000 3.125 656250 20343750 0.998858447 210000 1.5625 328125 20671875 1.198630137 210000 0.78125 164062.5 20835937.5 1.398401826 210000 0.390625 82031.25 20917968.75 1.598173516 210000 0.1953125 41015.625 20958984.38 1.797945205 210000 0.09765625 20507.8125 20979492.19 1.997716895 210000 0.048828125 10253.90625 20989746.09 2.197488584 210000 0.024414063 5126.953125 20994873.05 2.397260274 210000 0.012207031 2563.476563 20997436.52 2.597031963 210000 0.006103516 1281.738281 20998718.26 2.796803653 210000 0.003051758 640.8691406 20999359.13 2.996575342 210000 0.001525879 320.4345703 20999679.57 3.196347032 210000 0.000762939 160.2172852 20999839.78 3.396118721 210000 0.00038147 80.10864258 20999919.89 3.595890411 210000 0.000190735 40.05432129 20999959.95 3.7956621 210000 9.53674E-05 20.02716064 20999979.97 3.99543379 210000 4.76837E-05 10.01358032 20999989.99 4.195205479 210000 2.38419E-05 5.006790161 20999994.99 4.394977169 210000 1.19209E-05 2.503395081 20999997.5 4.594748858 210000 5.96046E-06 1.25169754 20999998.75 4.794520548 210000 2.98023E-06 0.62584877 20999999.37 4.994292237 210000 1.49012E-06 0.312924385 20999999.69 5.194063927 210000 7.45058E-07 0.156462193 20999999.84 5.393835616 210000 3.72529E-07 0.078231096 20999999.92 5.593607306 210000 1.86265E-07 0.039115548 20999999.96 5.793378995 I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years) 210000 50 10500000 10500000 0.199771689 420000 25 10500000 21000000 0.599315068 840000 12.5 10500000 31500000 1.398401826 1680000 6.25 10500000 42000000 2.996575342 3360000 3.125 10500000 52500000 6.192922374 10080000 3.125 31500000 84000000 15.78196347 The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year. I like it. I think more stake holders would be needed to confirm if this is a change everyone wants to make. I like this as well
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XuvjV4aazgZhcfAj1KRgFnTok1pZZw6Ewu
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y3804
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April 17, 2014, 04:55:52 AM |
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
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kopam
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April 17, 2014, 06:30:25 AM |
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
I think exactly this is the idea why its ASIC resistant . When there are 50+ X11 and N-Scrypt coins then any ASIC making company might consider developing one for this algorithm, however with Aiden - yes the change in the code is small but its effective and since its the only coin with this change its not very likely any company will even think about developing ASIC for it. After all the investment needed for developing an ASIC is very high and one will make it only if he can see big numbers. This is what i think
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ECF
Newbie
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Activity: 42
Merit: 0
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April 17, 2014, 09:39:58 AM |
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http://www.ecoinfund.com/images/logo.jpgWebsite | Twitter | BitcointalkHi,AIDEN Community We have added ADN to ECOINFUND vote list.( http://www.ecoinfund.com/vote) Multi-language Alt-Coin Exchange,Fast, Secure and Trustworthy. Big ECC GIVEAWAY before 20.AprilTweet this green text on your own twitter account then recive 20ECC( ECC Details); ecoinfund.com |New Exchange,multi-language support,Earn 20ECC(fee shares) by every retweet before 20 April,don't miss the train! Pls post your twitter link and Ecoinfund ID on our bitcointalk thread or pm us. ECF Coin (ECC for short) is the fee share program launched by Ecoinfund. Ecoinfund will commit 50% of trade revenue to ECC program. (highest on market) Giveaway more infomation: https://bitcointalk.org/index.php?topic=501030.0Happy trading !
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qiqide
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April 17, 2014, 09:45:12 AM |
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
It seems like these days it's extremely easy to make the next Vertcoin. Yes, I also feel that it is very easy.
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scottii
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April 17, 2014, 12:51:57 PM |
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
Nothing is fully ASIC resistant. As long as there is a market demand, the technology for ASIC Scrypt-N, OG, etc., will inevitably be released. You must not have been around when ASIC first hit SHA-256 for BTC. Folks back then said ASICs will never get on Scrypt market, and here we are today.
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scottii
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April 17, 2014, 12:58:04 PM |
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
It seems like these days it's extremely easy to make the next Vertcoin. Yes, I also feel that it is very easy. Vertcoin is not Optimized for GPU mining. Aiden is optimized for GPU mining. Matter of fact, Vertcoin makes it harder to mine becuase it uses more GPU memory, overall making is less efficient to mine.
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Rune
Legendary
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Activity: 1229
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April 17, 2014, 01:14:55 PM |
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the only way to beat asics is to keep changing the algorithm
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defaced (OP)
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Activity: 2198
Merit: 1014
Franko is Freedom
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April 17, 2014, 01:34:28 PM |
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Why is beating asics a priority? I think the better priority would be to make our current hardware more competitive with asics. Because like others have said before me, nothing is truly asic intolerant.
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ando0022
Member
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Activity: 98
Merit: 10
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April 17, 2014, 02:37:14 PM |
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Why is beating asics a priority? I think the better priority would be to make our current hardware more competitive with asics. Because like others have said before me, nothing is truly asic intolerant.
+1 What is with "our" idea of an early block halving ? any results oder planning to make a poll ?
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Xperianz
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April 17, 2014, 02:45:30 PM |
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defaced (OP)
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Activity: 2198
Merit: 1014
Franko is Freedom
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April 17, 2014, 02:58:57 PM |
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Why is beating asics a priority? I think the better priority would be to make our current hardware more competitive with asics. Because like others have said before me, nothing is truly asic intolerant.
+1 What is with "our" idea of an early block halving ? any results oder planning to make a poll ? You can start the poll
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mrjoker
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April 17, 2014, 03:26:34 PM |
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Did not see Features
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