tomvalois
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April 28, 2014, 05:41:27 PM |
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Thank god the dev is alive. What about the 10% issue?
or maybe 10% at day 18 not really daily basis imagine you will double your balances in your wallet if daily basis, lol That is exactly what we all were counting on - mining for 7 days, and then watching our balances double over the next 10 days.
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En2142
Newbie
Offline
Activity: 19
Merit: 0
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April 28, 2014, 05:50:57 PM |
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Thank god the dev is alive. What about the 10% issue?
or maybe 10% at day 18 not really daily basis imagine you will double your balances in your wallet if daily basis, lol That is exactly what we all were counting on - mining for 7 days, and then watching our balances double over the next 10 days. and that's the reason why he/she said soon, at day 18, (10% of wallet balance) https://github.com/YCteam/YellowCoin/blob/master/src/main.cpp#L994const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1000 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; } Seems nothing wrong with the code. We will get 10% POS soon.
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drumingspz
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April 28, 2014, 06:02:25 PM |
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Thank god the dev is alive. What about the 10% issue?
or maybe 10% at day 18 not really daily basis imagine you will double your balances in your wallet if daily basis, lol That is exactly what we all were counting on - mining for 7 days, and then watching our balances double over the next 10 days. and that's the reason why he/she said soon, at day 18, (10% of wallet balance) https://github.com/YCteam/YellowCoin/blob/master/src/main.cpp#L994const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1000 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; } Seems nothing wrong with the code. We will get 10% POS soon. Dev is avoiding the issue. Dumped my coins and now the price is falling precipitously. I'm not the only one that sees this. Get out while you can.
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zidansz
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April 28, 2014, 06:20:54 PM |
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https://github.com/YCteam/YellowCoin/blob/master/src/main.cpp#L994const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1000 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; } Seems nothing wrong with the code. We will get 10% POS soon. i think some wrong with nHeight and maybe work this string in code nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
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DRPD
Legendary
Offline
Activity: 1148
Merit: 1001
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April 28, 2014, 06:31:16 PM |
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Thank god the dev is alive. What about the 10% issue?
or maybe 10% at day 18 not really daily basis imagine you will double your balances in your wallet if daily basis, lol That is exactly what we all were counting on - mining for 7 days, and then watching our balances double over the next 10 days. and that's the reason why he/she said soon, at day 18, (10% of wallet balance) https://github.com/YCteam/YellowCoin/blob/master/src/main.cpp#L994const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1000 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; } Seems nothing wrong with the code. We will get 10% POS soon. Dev is avoiding the issue. Dumped my coins and now the price is falling precipitously. I'm not the only one that sees this. Get out while you can. exactly & already dumped ....
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rudius
Member
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Activity: 84
Merit: 10
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April 28, 2014, 06:35:38 PM Last edit: April 28, 2014, 06:50:06 PM by rudius |
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https://github.com/YCteam/YellowCoin/blob/master/src/main.cpp#L994const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1000 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; } Seems nothing wrong with the code. We will get 10% POS soon. i think some wrong with nHeight and maybe work this string in code nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
i found main.h:36:static const int64 MAX_MINT_PROOF_OF_STAKE = 0.0365 * COIN; // 3.65% annual interest so during the pos phase distribution we have 1000*3,65% = 3650% /year It means not 10% daily as dev stated but roughly 1%/daily. I don t know if it was intentionnaly. The right number should have been const int DAILY_BLOCKCOUNT = 4320; // 1440 * 3 int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight) { int64 nRewardCoinYear; nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE;
int64 nSubsidy = nCoinAge * nRewardCoinYear / 365; if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);
return nSubsidy; }
Sorry guys edit : 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 06:58:02 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 (roughly) for one year.
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rudius
Member
Offline
Activity: 84
Merit: 10
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April 28, 2014, 07:04:03 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily.
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 07:08:24 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% Daily
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rudius
Member
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Activity: 84
Merit: 10
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April 28, 2014, 07:11:04 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it.
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CombatVolcano
Newbie
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Activity: 42
Merit: 0
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April 28, 2014, 07:11:38 PM |
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I did everything right for the giveaway, your site registered it, and I left the signature up the entire time, and received no coins. This is a completely unfair distribution.
It's unbelievable that you're not even trying to correct the distribution mistakes, and you took down the distribution page which is super sketchy!
Thanks for wasting my time, removing signature now.
And here all I got to do was mine a few thousand and I'm still interested.
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 07:23:44 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16
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rudius
Member
Offline
Activity: 84
Merit: 10
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April 28, 2014, 07:27:05 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16 Please this is exactly the same 35159056994887200 = 3.5159... * 10^16
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 07:29:47 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16 Please this is exactly the same 35159056994887200 = 3.5159... * 10^16 Your last 4 digits are wrong, must be ...6375. But anyway, this number is far too big to be taken seriously.
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tomvalois
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April 28, 2014, 07:31:23 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16 Please this is exactly the same 35159056994887200 = 3.5159... * 10^16 Regardless of whether the numbers are wrong, there must be another issue as well. The reward rate did not change when it was supposed to. It is still rewarding at 0.01% per day (3.65% per year).
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rudius
Member
Offline
Activity: 84
Merit: 10
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April 28, 2014, 07:32:27 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16 Please this is exactly the same 35159056994887200 = 3.5159... * 10^16 Your last 4 digits are wrong, must be ...6375. But anyway, this number is far too big to be taken seriously. Sorry if you didn t understand the point. My english is so limited. But at the end, this is the reason why you are not seing the 10% daily in your wallet. Maybe someone who can understand what i m saying explain to him? edit : i tried to help. I don t have any YC and will not have it. Way too many premine to be interesting. I m not spreading FUD, the code is from github. Everybody can have a look at it.
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 07:37:56 PM |
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35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN
This would mean that you will get 10% daily for a year. I think it's rather: coin * 1,0365 + coin * 1.1^8 for one year. yes it s the annual rate for a year. but it is limited to 10 days. See below : if(nHeight < (7 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 1 * MAX_MINT_PROOF_OF_STAKE; else if(nHeight < (18 * DAILY_BLOCKCOUNT)) nRewardCoinYear = 35159056994887200 * MAX_MINT_PROOF_OF_STAKE; We have the normal rate for the first 7 days. And from 7 to 18 first days we have the super POS rate, currently setted to 1% daily. OP says: Block Day 8-17 (POS): Nominal Stake Interest: 10% DailyYes and code says otherwise, but you are free to inspect it. 35159056994887200 * 0,0365 * COIN = 1,1^365 * COIN <-- This is wrong! (1.1^365)/0.0365 = 3.5159... * 10^16 Please this is exactly the same 35159056994887200 = 3.5159... * 10^16 Your last 4 digits are wrong, must be ...6375. But anyway, this number is far too big to be taken seriously. Sorry if you didn t understand the point. My english is so limited. But at the end, this is the reason why you are not seing the 10% daily in your wallet. Maybe someone who can understand what i m saying explain to him? Your English is ok and so is mine. Talking about YC: if 1.1^365/0.0365 is the annual interest rate the result will be ridiculously high. Like I stated before the annual percentage rate must be coin * 1,0365 + coin * 1.1^8 for one year.
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cryptoba
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April 28, 2014, 07:38:35 PM |
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How can it be so difficult to know what is really going on. It is really annoying all those speculation !!! YCproject dev just tell us when the 10 % daily are starting ? ( not simply just talking about the distribution )
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CombatVolcano
Newbie
Offline
Activity: 42
Merit: 0
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April 28, 2014, 07:41:23 PM |
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It is important to be specific.
As advertised "10% Daily" would seem to mean compound interest i.e. each day every day you earn 10% of stake.
That would easily result in extremely massive numbers within months.
Can someone lay it out exactly point by point what the POS for this coin really is in plain terms?
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Rainer4256
Full Member
Offline
Activity: 196
Merit: 100
For the benefit of medical research
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April 28, 2014, 07:41:36 PM |
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How can it be so difficult to know what is really going on. It is really annoying all those speculation !!! YCproject dev just tell us when the 10 % daily are starting ? ( not simply just talking about the distribution ) +1 We want to know it finally!
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