[OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector

[ugabuga]

I have not touched on the subject of cutting the blocks in half because it will double the waiting time between confirmations.

I think that somewhat limits the objective of the CSC use as a deposit at the casinos. nobody wants to wait 6 minutes when you can take only 3 minutes ...

about POS, I am not a fan ... POS for me, only reward those who joined early, and I think that the money should be attractive by buying, mining, trade, etc .. to please, to a range extended from interested

In fact, I'm not recall any currency that is only POS, and be a success (unless it has to have been made with millions of USD even before being launched ...)

At best a POW system + POS ... but I like the "honest" way of this coin: without pre-mining and a lot of work (POW)

In another line of thought, I think there should be a way to compensate developers / responsible for the hard work ... maybe a percentage, from the mining ...

They are just ideas .... waiting for community ideas ....

[casinocoin]

I have not touched on the subject of cutting the blocks in half because it will double the waiting time between confirmations.

I think that somewhat limits the objective of the CSC use as a deposit at the casinos. nobody wants to wait 6 minutes when you can take only 3 minutes ...

about POS, I am not a fan ... POS for me, only reward those who joined early, and I think that the money should be attractive by buying, mining, trade, etc .. to please, to a range extended from interested

In fact, I'm not recall any currency that is only POS, and be a success (unless it has to have been made with millions of USD even before being launched ...)

At best a POW system + POS ... but I like the "honest" way of this coin: without pre-mining and a lot of work (POW)

In another line of thought, I think there should be a way to compensate developers / responsible for the hard work ... maybe a percentage, from the mining ...

They are just ideas .... waiting for community ideas ....

You make a very good point about the additional time it takes to process the minimal 6 confirmations on the network to be accepted, but what I have been doing with CSCity/Poker and the new CSCGaming is if there is one confirmation your balance becomes valid and you can play BUT you may not withdrawal until there is a total of 10 confirmations which is currently 5 minutes.
I do believe a IRL casino would be able to implement something like this. If the transaction is proven to be fraudulent and not accepted by the network once this person has tried to withdrawal there is barriers in place to prevent them from doing so.

[placebo]

One of my old favorite coins, but with Cryptsy coin, i totally forgot it

[CartmanSPC]

Do you think POS incentivizes hoarding? I am inclined to believe so...

Currently the 30 second block time is doing nothing but bloating the blockchain with empty blocks. Even with a 1 minute block time most would be still be empty but I think it is a good compromise. Like @casinocoin said, services do not have to wait for a transaction to be fully verified before allowing use. Transactions can be seen in the mempool without even one verified block as is common with BTC services.

What do people think about AuxPOW? It will dramatically increase the hashrate in turn securing the blockchain. That combined with a 1 CSC reward and a 1 minute block time sounds like a good combination/viable solution.

The argument against AuxPOW is that miners get CSC for free and will immediately sell....but if they are only getting 1 CSC per minute max it does not do as much damage?

[GoldSeal]

I don't think we should do PoS. PoW is gives advantages to miners in 3rd world countries where electricity is generally cheaper and they can get started without a large upfront investment. With PoS, miners in more expensive countries who can afford to buy a large number of coins have an advantage. So, I'm not too keen on supporting PoS.

As for the reward cut, we're thinking of reducing it to 1 coin per block from 10. Back when we cut from 50 to 10, we wanted to go deeper, but we decided to reduce 80% since altcoins at the time were in danger of losing all their miners. At this point, we can probably go to 1 and we'll achieve some significant protection for coin holders by reducing this relentless autosell behavior while still maintaining some decent hash power. It should also send alot of coin hoppers packing in the near term.

Andre and I are looking at possibly adding some code from Digibyte to smooth out the diff calc over 10 blocks to avoid individual high spikes in the diff. We will likely be able to release a 3.x client very soon.

BTW, please make sure you join the mailing lists so you get the proper announcements.

[casinocoin]

Do you think POS incentivizes hoarding? I am inclined to believe so...

What do people think about AuxPOW? Seems to be a good choice to me.

It 100% does, the rich get richer in a POS scenario.

Did AuxPOW benefit Doge significantly I never really followed it ?

As for the reward cut, we're thinking of reducing it to 1 coin per block from 10. Back when we cut from 50 to 10, we wanted to go deeper, but we decided to reduce 80% since altcoins at the time were in danger of losing all their miners. At this point, we can probably go to 1 and we'll achieve some significant protection for coin holders by reducing this relentless autosell behavior while still maintaining some decent hash power. It should also send alot of coin hoppers packing in the near term.

The Casinocoin network is stronger than ever and i'm sure a lot of people will stay mining as they see the true value.
So I agree it should be reduced to 1 from 10, but what do you think about the re-target time changing to one minute?
and any different input on AuxPOW / merged mining or is your stance the same as before ?

[GoldSeal]

Do you think POS incentivizes hoarding? I am inclined to believe so...

What do people think about AuxPOW? Seems to be a good choice to me.

It 100% does, the rich get richer in a POS scenario.

Did AuxPOW benefit Doge significantly I never really followed it ?

As for the reward cut, we're thinking of reducing it to 1 coin per block from 10. Back when we cut from 50 to 10, we wanted to go deeper, but we decided to reduce 80% since altcoins at the time were in danger of losing all their miners. At this point, we can probably go to 1 and we'll achieve some significant protection for coin holders by reducing this relentless autosell behavior while still maintaining some decent hash power. It should also send alot of coin hoppers packing in the near term.

The Casinocoin network is stronger than ever and i'm sure a lot of people will stay mining as they see the true value.
So I agree it should be reduced to 1 from 10, but what do you think about the re-target time changing to one minute?
and any different input on AuxPOW / merged mining or is your stance the same as before ?

I asked Ajochems on skype about it. I was trying to see what he thinks about it. For me, I think it would cut the number of new coins to less than 1440/day, which is interesting. However, one of the main strengths of CSC is the ability to enable payments impulse gambling. Doubling that target would take the confirmation period (6 confirms) from an average of 6 - 8 minutes to about 12 - 16 minutes. Maybe pushing that target out might make sense once the casinos come online and tell us whether it's ok to push it out.

[ajochems]

Do you think POS incentivizes hoarding? I am inclined to believe so...

What do people think about AuxPOW? Seems to be a good choice to me.

It 100% does, the rich get richer in a POS scenario.

Did AuxPOW benefit Doge significantly I never really followed it ?

As for the reward cut, we're thinking of reducing it to 1 coin per block from 10. Back when we cut from 50 to 10, we wanted to go deeper, but we decided to reduce 80% since altcoins at the time were in danger of losing all their miners. At this point, we can probably go to 1 and we'll achieve some significant protection for coin holders by reducing this relentless autosell behavior while still maintaining some decent hash power. It should also send alot of coin hoppers packing in the near term.

The Casinocoin network is stronger than ever and i'm sure a lot of people will stay mining as they see the true value.
So I agree it should be reduced to 1 from 10, but what do you think about the re-target time changing to one minute?
and any different input on AuxPOW / merged mining or is your stance the same as before ?

I asked Ajochems on skype about it. I was trying to see what he thinks about it. For me, I think it would cut the number of new coins to less than 1440/day, which is interesting. However, one of the main strengths of CSC is the ability to enable payments impulse gambling. Doubling that target would take the confirmation period (6 confirms) from an average of 6 - 8 minutes to about 12 - 16 minutes. Maybe pushing that target out might make sense once the casinos come online and tell us whether it's ok to push it out.

Yeah i agree, i see no added value for increasing the block time. On all other things mentioned a small summary:

- I see no use in halving CSC block reward in the way bitcoin does it. Our market is still pretty small and reducing the reward to 1 CSC gets it over with. Will stay like that for about the next 30 years when it drops to 0.
- Please no other algorithms, .... what for? I said it before and will do so again. For network stability we better have 20 miners with 10 MHash each (200 MHash) than 5 miners with 200 MHash each (1000 MHash). The difficulty will be lower but network stability will be better. If we just make sure there are like minimum 5-10 geographically dispersed miners with 1Mhash each we are ok. We do not need high hashing rates, we need more nodes. The diff takes care of that.
- If we want to prevent the block chain to come to a full stop we could better build in something that allows the seeds to solve a block in case it get stuck for say more than an hour, .... coins being mined like that could go into a Casinocoin foundation, .... not sure how to implement something like that but could be a consideration.
- We want the csc blockchain clean and independent of others, thats how casinos would like it to be so in my opinion no merged mining.
- I am also working on porting the Insight API over to CSC. That would allow exchanges, merchants or casinos to check an addresses balance so the 6 confirmations would not be necessary any more in my opinion, 1 or 2 would be sufficient as the existence of the coins could be verified.

Could you all find yourselves in my comments and opinions?

[CartmanSPC]

I feel I need to refute a number of statements made by ajochems. If not for the devs at least for others that may stumble upon this thread so they are not misguided by what is said....even though it is way past my bed time.  

- Please no other algorithms, .... what for? I said it before and will do so again. For network stability we better have 20 miners with 10 MHash each (200 MHash) than 5 miners with 200 MHash each (1000 MHash). The difficulty will be lower but network stability will be better. If we just make sure there are like minimum 5-10 geographically dispersed miners with 1Mhash each we are ok. We do not need high hashing rates, we need more nodes. The diff takes care of that.

First, as is commonly known a blockchain is secured with a disparate amount of hashrate. If it is too low it can be forked to allow double spends. Basic concept in crypto. I won't bother to explain or defend further. A coin absolutely needs a high hash rate to stay secure.

- If we want to prevent the block chain to come to a full stop we could better build in something that allows the seeds to solve a block in case it get stuck for say more than an hour, .... coins being mined like that could go into a Casinocoin foundation, .... not sure how to implement something like that but could be a consideration.

This is not needed if there is sufficient hash on the coin.

- We want the csc blockchain clean and independent of others, thats how casinos would like it to be so in my opinion no merged mining.

With AuxPOW you are free to mine independent of any other coin. It does not tie one coin to another. It allows you to mine any POW coin and also mine an AuxPOW coin at the same time. If one wanted to mine an AuxPOW coin directly like it was a regular POW coin you could although it would be a waste to do so as you could also be mining another POW coin in addition to the AuxPOW coin. In other words if CSC was an AuxPOW coin you could choose to mine it independent of any other coin just as if it was a regular POW coin. AuxPOW allows a coin to gain a massive amount of hashrate to secure it's blockchain and avoid forks and double spends.

I would believe any casino would be happier with a coin that had a massive amount of hash power securing it's blockchain than one that could be easily taken over. Currently CSC only has about 3 Gh/s. This is very low and I would venture to guess it would be cut down dramatically once/if the block reward is reduced putting it in an even greater risk.

All right...off to sleep. My comments are meant just to inform not dictate any direction or another.......I stopped caring long ago.  
I also won't bother debating or educating further...people can do their own research....hehe I must be getting a bit grumpy these days..already exerted too much effort in typing up this post.

[kalgecin]

So is the whole affiliate program thing a write off then? I havent heard anything at all about it.

[ajochems]

Since people are entertaining a fork.....

You could also consider raising the block target time from 30 seconds to 1 minute.

1 minute is more than adequate and would cut the total coins produced per day in half without decreasing the block reward. A gradual block reduction could be done rather than the proposed reducing to 1 CSC immediately (https://github.com/casinocoin/casinocoin/issues/18). That would keep some of the hashrate on the coin but I can see the appeal of coding to 1 CSC instead of messing with block halfing.

If CSC was immediately cut to 1 CSC I fear miners will bail. I haven't been keeping up with the latest developments in blockchains but last I looked POSv was nice. If done right it would eliminate the need for miners completely while still allowing the blockchain to continue. I also like AuxPOW though.

So I possibly think....AuxPOW with a 1 minute blocktime and 1 CSC reward.

Anyway, just some thoughts since that box Pandora owns was opened.  

I really appreciate your comments! But i think we need to keep the blockchain clean and independent of whatever is out there. I certainly do not like PoS as it dilutes the coin, i do see its benefit as well but hesitate to implement it. Do you really think its an issue if miners bail out? I think that the ones that bail out are the auto-sell dudes. Those that mine CSC to get more coins and keep them will benefit. If you make a living of a percentage of the total coins mined at your pool you get less, ... yes that is true. I run the MegaMineros pool with a continuous loss for two years now, that will get worse unless we increase the mining fees. So Yeah i know that cutting the reward is not good for pool operators but please consider that our goal is not the current price level. Casinos are on the verge to step in so i would prefer to make the changes before that rather than having to do a fork after they start using it. If things work out over the next 1 to 2 year then the price will rice and profits will return, also to pool operators. If not, hey then we are screwed anyway

I was already typing a response to a previous post of yours when i read your new one:

First, as is commonly known a blockchain is secured with a disparate amount of hashrate. If it is too low it can be forked to allow double spends. Basic concept in crypto. I won't bother to explain or defend further. A coin absolutely needs a high hash rate to stay secure.

Yes you are right but it is all relative, if somebody out there with a lot of Scrypt hashing power decides to redirect 500 Ghash from LTC to CSC he could take over the network. The only thing to prevent that is to add an equal amount to balance that. If miners leave and we drop from 2 Ghash to 200 Mhash but with still a good amount of nodes i do not see the issue as the total amount of scrypt power available on the market these days is sooooo much higher than both.

I also won't bother debating or educating further...people can do their own research....hehe I must be getting a bit grumpy these days..already exerted too much effort in typing up this post.

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

[CartmanSPC]

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.

[GoldSeal]

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.

lol cartman

[ugabuga]

I, personally, like to see this coin below the main lines, with which she was born.

But now, I pray that someone can enlighten me "black in white", why this stigma with the miners. Why cut the reward of 10 to 1 ??

I do not understand ... I always thought that the strength and stability of a currency "POW" was in ghâsh power .... The more miners, the better. Right?

I do not understand why this problem with the miners ... If it were not for the miners to move the market, dumping coins, the market was paralyzed. for me, worse than a falling market is a market with no signs of life ...See the example of Alcurex.org. It is to fly ... (no miners selling...)

In fact, they are "planned" grandiose projects for CSC. But as for me, though small, there is a real value in CSC: the amount spent on equipment and electric power, necessary to mine the CSC.

This value can be delayed, but it is real. And from what I read (or reading I do in previous posts), you guys, intend to stop it.

What will be the attraction of mining a coin per minute Zero. (only if CSC=$1USD, then maybe...)

Just to make it clear, I'm not miner! I just tried to rent a machine to learn how to mining. And what I mined, I keep to myself ...

Let's be honest, in this moment the most harmed are the miners ...

If the price is low, is because we as a community, do not know how to capture and generate demand for CSC necessary for the currency appreciate a little more.

About blockchain, I think it would be good to change this kind of thing right now (I refer to changing the rules when are already underway the prypto cards, the alleged agreements with some casinos, one blockchain - 2 coin marks , etc...).

[casinocoin]

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.

Andre and Goldseal are awesome they are doing some amazing work for CSC.

I, personally, like to see this coin below the main lines, with which she was born.

But now, I pray that someone can enlighten me "black in white", why this stigma with the miners. Why cut the reward of 10 to 1 ??

I do not understand ... I always thought that the strength and stability of a currency "POW" was in ghâsh power .... The more miners, the better. Right?

I do not understand why this problem with the miners ... If it were not for the miners to move the market, dumping coins, the market was paralyzed. for me, worse than a falling market is a market with no signs of life ...See the example of Alcurex.org. It is to fly ... (no miners selling...)

In fact, they are "planned" grandiose projects for CSC. But as for me, though small, there is a real value in CSC: the amount spent on equipment and electric power, necessary to mine the CSC.

This value can be delayed, but it is real. And from what I read (or reading I do in previous posts), you guys, intend to stop it.

What will be the attraction of mining a coin per minute Zero. (only if CSC=$1USD, then maybe...)

Just to make it clear, I'm not miner! I just tried to rent a machine to learn how to mining. And what I mined, I keep to myself ...

Let's be honest, in this moment the most harmed are the miners ...

If the price is low, is because we as a community, do not know how to capture and generate demand for CSC necessary for the currency appreciate a little more.

About blockchain, I think it would be good to change this kind of thing right now (I refer to changing the rules when are already underway the prypto cards, the alleged agreements with some casinos, one blockchain - 2 coin marks , etc...).

I understand what you mean by a strong hash rate is a strong network but does the network in turn become longstanding for the future?

The problem with the current mining situation is a lot of people/pools are mining CSC to just dump it, like Andre mentioned it is quite hard to create a steady price increase without manipulating the market and that's the last thing we want to do.

In July if we let CSC halve to 5 coins per block at the current rate for the next 3 years a total of approx 15 Million coins will be minted ontop of the already 38 Million coins that are already available. Very quickly do we reach the 63,000,000 Coin mark this way and I think that is one of the main driving forces.

The block time is staying at 30 seconds so it will be a coin per half minute~ this would happen down the line eventually after a few halves but why now ?
By doing it now we ensure that the network is backed by individuals who support the network and not just mine on it because after mining is finished these individuals will be supported by transaction fees unless CSC switches to another algo that doesn't require mining.

From where I stand bringing down the reward to one coin per block will not only strengthen the network but also provide us for some much needed expansion time for the future to grow the network into one that is longstanding and more resilient.

I do agree that we as a community need to step up how we approach marketing CSC and make it more attractive to the Gambling market who is not all that tech savy sometimes.

[ugabuga]

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.

Andre and Goldseal are awesome they are doing some amazing work for CSC.

I, personally, like to see this coin below the main lines, with which she was born.

But now, I pray that someone can enlighten me "black in white", why this stigma with the miners. Why cut the reward of 10 to 1 ??

I do not understand ... I always thought that the strength and stability of a currency "POW" was in ghâsh power .... The more miners, the better. Right?

I do not understand why this problem with the miners ... If it were not for the miners to move the market, dumping coins, the market was paralyzed. for me, worse than a falling market is a market with no signs of life ...See the example of Alcurex.org. It is to fly ... (no miners selling...)

In fact, they are "planned" grandiose projects for CSC. But as for me, though small, there is a real value in CSC: the amount spent on equipment and electric power, necessary to mine the CSC.

This value can be delayed, but it is real. And from what I read (or reading I do in previous posts), you guys, intend to stop it.

What will be the attraction of mining a coin per minute Zero. (only if CSC=$1USD, then maybe...)

Just to make it clear, I'm not miner! I just tried to rent a machine to learn how to mining. And what I mined, I keep to myself ...

Let's be honest, in this moment the most harmed are the miners ...

If the price is low, is because we as a community, do not know how to capture and generate demand for CSC necessary for the currency appreciate a little more.

About blockchain, I think it would be good to change this kind of thing right now (I refer to changing the rules when are already underway the prypto cards, the alleged agreements with some casinos, one blockchain - 2 coin marks , etc...).

I understand what you mean by a strong hash rate is a strong network but does the network in turn become longstanding for the future?

The problem with the current mining situation is a lot of people/pools are mining CSC to just dump it, like Andre mentioned it is quite hard to create a steady price increase without manipulating the market and that's the last thing we want to do.

In July if we let CSC halve to 5 coins per block at the current rate for the next 3 years a total of approx 15 Million coins will be minted ontop of the already 38 Million coins that are already available. Very quickly do we reach the 63,000,000 Coin mark this way and I think that is one of the main driving forces.

The block time is staying at 30 seconds so it will be a coin per half minute~ this would happen down the line eventually after a few halves but why now ?
By doing it now we ensure that the network is backed by individuals who support the network and not just mine on it because after mining is finished these individuals will be supported by transaction fees unless CSC switches to another algo that doesn't require mining.

From where I stand bringing down the reward to one coin per block will not only strengthen the network but also provide us for some much needed expansion time for the future to grow the network into one that is longstanding and more resilient.

I do agree that we as a community need to step up how we approach marketing CSC and make it more attractive to the Gambling market who is not all that tech savy sometimes.

I understand what you are saying, though your numbers are wrong.

Your numbers assumes:
One block every 30 seconds
or
2 blocks every 1 minute
or
120 units every hour
or
2880 blocks every 24 hours. (Or 28,800 CSC / day)

Now see my projection based on 2160 blocks day (or 21,600 CSC / day........ or a block each 40 seconds):


                      Number CSC Total  number of days   block/day   reward/block
Until 18 jul 2016        38965475                     45             2160         10
Until 18 jul 2019        50791475                   1095             2160         5
Until 18 jul 2022        56704475                   1095             2160        2,5
Until 18 jul 2025        59660975                   1095            2160        1,25
Until 18 jul 2028        60843575                   1095             2160         0,625
Until 18 jul 2031        62026175                   1095             2160         0,5
Until 18 jul 2034        63208775                   1095             2160         0,5


BUT

It turns out that the reality is even more different.

If you see the block chain explorer, the number of blocks generated per day is still much lower (at least in the last few weeks ...)

I'll give you some examples (always 24-hour intervals):

block between 1519513 and 1517920 ......... 1593 blocks
block between 1514815 and 1513484 ......... 1331 blocks
block between 1504933 and 1503818 ......... 1115 blocks
block between 1503050 and 1502389 ......... 661 blocks

But where I want to get is that even ,, always halving every 3 years, we have at least 17 years to mine.

If in 17 years, the CSC are not worth at least $ 100USD / each, and we can not live from the transaction fees, then we are damned .... LOL

[GoldSeal]

Over the long term the blocks have been produced at an average of 1 every 48 seconds. Andre and I talked about this last week and we think the current slow down in block production it due to bringing on 10+ ghash and then coming back off to 1 ghash during a short period of time. It seems to be a side effect of kgw2. In the future, we expect blocks to appear more frequently.

[Camus]

Any news for this?i am in just waiting for a pump

[casinocoin]

Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......

Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.

Andre and Goldseal are awesome they are doing some amazing work for CSC.

I, personally, like to see this coin below the main lines, with which she was born.

But now, I pray that someone can enlighten me "black in white", why this stigma with the miners. Why cut the reward of 10 to 1 ??

I do not understand ... I always thought that the strength and stability of a currency "POW" was in ghâsh power .... The more miners, the better. Right?

I do not understand why this problem with the miners ... If it were not for the miners to move the market, dumping coins, the market was paralyzed. for me, worse than a falling market is a market with no signs of life ...See the example of Alcurex.org. It is to fly ... (no miners selling...)

In fact, they are "planned" grandiose projects for CSC. But as for me, though small, there is a real value in CSC: the amount spent on equipment and electric power, necessary to mine the CSC.

This value can be delayed, but it is real. And from what I read (or reading I do in previous posts), you guys, intend to stop it.

What will be the attraction of mining a coin per minute Zero. (only if CSC=$1USD, then maybe...)

Just to make it clear, I'm not miner! I just tried to rent a machine to learn how to mining. And what I mined, I keep to myself ...

Let's be honest, in this moment the most harmed are the miners ...

If the price is low, is because we as a community, do not know how to capture and generate demand for CSC necessary for the currency appreciate a little more.

About blockchain, I think it would be good to change this kind of thing right now (I refer to changing the rules when are already underway the prypto cards, the alleged agreements with some casinos, one blockchain - 2 coin marks , etc...).

I understand what you mean by a strong hash rate is a strong network but does the network in turn become longstanding for the future?

The problem with the current mining situation is a lot of people/pools are mining CSC to just dump it, like Andre mentioned it is quite hard to create a steady price increase without manipulating the market and that's the last thing we want to do.

In July if we let CSC halve to 5 coins per block at the current rate for the next 3 years a total of approx 15 Million coins will be minted ontop of the already 38 Million coins that are already available. Very quickly do we reach the 63,000,000 Coin mark this way and I think that is one of the main driving forces.

The block time is staying at 30 seconds so it will be a coin per half minute~ this would happen down the line eventually after a few halves but why now ?
By doing it now we ensure that the network is backed by individuals who support the network and not just mine on it because after mining is finished these individuals will be supported by transaction fees unless CSC switches to another algo that doesn't require mining.

From where I stand bringing down the reward to one coin per block will not only strengthen the network but also provide us for some much needed expansion time for the future to grow the network into one that is longstanding and more resilient.

I do agree that we as a community need to step up how we approach marketing CSC and make it more attractive to the Gambling market who is not all that tech savy sometimes.

I understand what you are saying, though your numbers are wrong.

Your numbers assumes:
One block every 30 seconds
or
2 blocks every 1 minute
or
120 units every hour
or
2880 blocks every 24 hours. (Or 28,800 CSC / day)

Now see my projection based on 2160 blocks day (or 21,600 CSC / day........ or a block each 40 seconds):


                      Number CSC Total  number of days   block/day   reward/block
Until 18 jul 2016        38965475                     45             2160         10
Until 18 jul 2019        50791475                   1095             2160         5
Until 18 jul 2022        56704475                   1095             2160        2,5
Until 18 jul 2025        59660975                   1095            2160        1,25
Until 18 jul 2028        60843575                   1095             2160         0,625
Until 18 jul 2031        62026175                   1095             2160         0,5
Until 18 jul 2034        63208775                   1095             2160         0,5


BUT

It turns out that the reality is even more different.

If you see the block chain explorer, the number of blocks generated per day is still much lower (at least in the last few weeks ...)

I'll give you some examples (always 24-hour intervals):

block between 1519513 and 1517920 ......... 1593 blocks
block between 1514815 and 1513484 ......... 1331 blocks
block between 1504933 and 1503818 ......... 1115 blocks
block between 1503050 and 1502389 ......... 661 blocks

But where I want to get is that even ,, always halving every 3 years, we have at least 17 years to mine.

If in 17 years, the CSC are not worth at least $ 100USD / each, and we can not live from the transaction fees, then we are damned .... LOL

Yes I was off from the first estimate of 15 million but you know where I am coming from and in the latter stages of the halving mining becoming basically worthless if CSC stays at one dollar so the fact of the matter is if we want CSC to be worth 100USD one day then we need to take action now. Id like for Andre to explain it some more but I imagine he is busy.

[GamingCoins]

As promised would give an update on csclotto.com, for those interested you can access via

https://csclotto.com/index.php

We have done the following:

a) Added new design
b) Added some extra games

We are currently collecting data but it's fully bankrolled for those that want to test.

Thanks

GC