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sumgye
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May 07, 2014, 07:23:57 PM |
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Quick question. I see the OP was updated to show 380m coins instead of 500m. But adding up the maths, 25k coins per block, 20k blocks, it's 500m coins. So how can it be 380m?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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bigman (OP)
Newbie
 Offline
Activity: 55
Merit: 0
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May 07, 2014, 07:27:08 PM |
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Quick question. I see the OP was updated to show 380m coins instead of 500m. But adding up the maths, 25k coins per block, 20k blocks, it's 500m coins. So how can it be 380m?
pos generated from 10000block,its makes 5000blocks, so the total pow block is 15000, 15000*25K=380M |
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sumgye
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May 07, 2014, 08:07:58 PM |
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Quick question. I see the OP was updated to show 380m coins instead of 500m. But adding up the maths, 25k coins per block, 20k blocks, it's 500m coins. So how can it be 380m?
pos generated from 10000block,its makes 5000blocks, so the total pow block is 15000, 15000*25K=380M Ah, I got it. So basically 5k of the 20k blocks didn't generate anything but POS interest. Cool beans. |
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pseudonymdude
Legendary
Offline
Activity: 896
Merit: 1000
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May 07, 2014, 09:50:12 PM |
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Email Poloniex
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btc38.com
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Activity: 28
Merit: 0
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May 08, 2014, 01:29:31 AM |
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Only one exchange? what's the price now
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Ghris
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May 08, 2014, 03:04:59 AM |
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Bizarre, got 1 million coins for pretty cheap yesterday. That is 1/380 of all coins. Wonder why it sells so cheap  Let's see what happens now the PoW is over and it gets added to other exchanges! |
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splicemeister
Newbie
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Activity: 31
Merit: 0
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May 08, 2014, 03:59:10 AM |
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Pink panther for the logo.
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pseudonymdude
Legendary
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Activity: 896
Merit: 1000
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May 08, 2014, 04:19:14 AM |
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Is everyone messaging poloniex?
We're 5th in volume on bittrex, and everyone above us is on poloniex already.
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azhago
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May 08, 2014, 08:14:24 AM |
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Bizarre, got 1 million coins for pretty cheap yesterday. That is 1/380 of all coins. Wonder why it sells so cheap Let's see what happens now the PoW is over and it gets added to other exchanges! Some multipool dump to 8 satoshi during the POW phase. I bought a lot during thoses dump. Price is rising slowly now, no more multipool will dump. And we are far from the correct price. Can make x 10 easily, still buying |
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Ghris
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May 08, 2014, 08:28:22 AM |
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I will continue buying when I get home too. Will try to place a bar around 0.00000015, so it wont get below that.
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kyne
Newbie
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Activity: 56
Merit: 0
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May 08, 2014, 08:36:14 AM |
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What's the long term growth for this coin? Can anyone share this ?
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Ghris
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May 08, 2014, 08:59:28 AM |
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Long term growth? Not sure what you mean by that. But in total there will be 500 million coins. Currently there are 380 million coins. Those 120 million will be distributed through PoS (correct me if I'm wrong)
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bigman (OP)
Newbie
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Activity: 55
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May 08, 2014, 09:03:59 AM |
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Long term growth? Not sure what you mean by that. But in total there will be 500 million coins. Currently there are 380 million coins. Those 120 million will be distributed through PoS (correct me if I'm wrong)
pos interest 1%/year maxcoin is 2 billion you can see the code total pow coins is 380 million, |
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Ghris
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May 08, 2014, 09:06:56 AM |
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Long term growth? Not sure what you mean by that. But in total there will be 500 million coins. Currently there are 380 million coins. Those 120 million will be distributed through PoS (correct me if I'm wrong)
pos interest 1%/year maxcoin is 2 billion you can see the code total pow coins is 380 million, Ah okay. Was totally wrong. I am sorry, thank for the explanation! |
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luvbeening
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May 08, 2014, 09:32:33 AM |
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this is just a POW/POS coin disguise as a 100%POS that try to cover up its instamine result: only a few mining whales will get majority of coins therefor i passed  |
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MINIGO
Member
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Activity: 78
Merit: 10
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May 08, 2014, 09:40:49 AM |
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Why I'm getting so many unvalids with this coin? I used to have 100% efficiency mining other x11, do I need to add expiry 1, queue 0 and scan time 1 ? I'm mining in pc.pool.mn
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azhago
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May 08, 2014, 11:05:59 AM |
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Why I'm getting so many unvalids with this coin? I used to have 100% efficiency mining other x11, do I need to add expiry 1, queue 0 and scan time 1 ? I'm mining in pc.pool.mn
POW phase ended. If you want some, you must buy them (and you must hurry, price is rising) |
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ProsperousWealth
Member
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Activity: 65
Merit: 10
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May 08, 2014, 05:08:53 PM |
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this is just a POW/POS coin disguise as a 100%POS that try to cover up its instamine result: only a few mining whales will get majority of coins therefor i passed all of this is incorrect. there was a 5 day PoW phase, mostly multipools were mining this then dumping it. |
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sumgye
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May 08, 2014, 06:02:37 PM |
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Long term growth? Not sure what you mean by that. But in total there will be 500 million coins. Currently there are 380 million coins. Those 120 million will be distributed through PoS (correct me if I'm wrong)
pos interest 1%/year maxcoin is 2 billion you can see the code total pow coins is 380 million, Ah okay. Was totally wrong. I am sorry, thank for the explanation! Pretty much all POW/POS coins site the total coins at the number of POW coins. It's true, there's a hardcap of 2b coins in the code, I know - I checked the code on day 1. But the only way to mint coins anymore is through POS... which adds 1% per year. At that rate, in 5 years time, we will still not have hit 400m coins, let alone the initially quoted 500m, which, by the way, wont be hit for about 28 years or so. So let's not troll out that 2b number in the code. It's never going to get there in your lifetime, or your children's children's lifetime for that matter. |
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dida
Legendary
Offline
Activity: 1190
Merit: 1000
SoNiC BooM
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May 08, 2014, 06:26:37 PM |
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much POW , so POS
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