[XDN] duckNote [ANN]. Anonymous, CPU-efficient, Smart Economy

[pwstegman]

but i will ask you about mining XDN
is that worth to mine it or to trade? because i see the reward dropped.

The reward hasn't dropped yet.  When it halves (in a few days) the mining and trading will be exactly even (based on ec2 spot prices)

OK thank you.because i planned to rent servers to enhance my mining hash and it's about 10$ for 1Kh in 24 hours.
is it a good plan

Here's the math so you can do it in the future (This formula assumes you are NOT currently mining, as in the network hashrate will increase by however much you plan on adding):

your hashrate / (net hashrate + your hashrate) * block reward * (1 - pool fee) * (1 - orphan rate) * 360 * current price of xdn in btc * current price of bitcoin in usd = how much you make in a day

1/(330.13+1) * 320000 * 0.98 * 0.97 * 360 * 0.00000010 * 586.33 = ~$19

If you are currently mining, as in the network hashrate INCLUDES you hashrate, then use:

your hashrate / net hashrate * block reward * (1 - pool fee) * (1 - orphan rate) * 360 * current price of xdn in btc * current price of bitcoin in usd = how much you make in a day

Other things to keep in mind:

Pool might temporarily go down, which will cost you
People sending mass transactions, which temporarily decreases the block reward (that's why it sometimes shows up as less than 320000)
You would  make ~$19 but don't forget the block reward will half soon
the price may change (although it will probably go up, which is good for you)
the network hashrate may change, if it goes up you make less, if it goes down you make more
Price of bitcoin may change, if it goes up you make more, down you make less
The pool fee of 2% was a guess, it may be different
The orphan rate may change, although 3% is what it is on duck.extremepool.org

nice reply man.you explain all things about mining and rewards.
thank you so much.it helped me a lot for sure.
sure thing is that the reward dropped a lot because of mass transactions.
i will rent the server and hope for the best

No problem.  Hope it goes well!

[bitspender]

Watching this coin... Bought 0.8BTC, let's see what it does

[drkman]

Just an FYI.  At 9 satoshis Ducknote already has a very pricey mkcap of near half a million.  Don't let the satoshis fool you into thinking Ducknote is cheap.

[pwstegman]

Just an FYI.  At 9 satoshis Ducknote already has a very pricey mkcap of near half a million.  Don't let the satoshis fool you into thinking Ducknote is cheap.

the other cryptonotes have market caps weeeelllll over a million

[zjz_lgd]

is it a copy of XMR?
the name is too simple, too young!

[33zer0w0lf]

is it a copy of XMR?
the name is too simple, too young!

and xmr is a copy of bytecoin

[pwstegman]

is it a copy of XMR?
the name is too simple, too young!

and xmr is a copy of bytecoin

But unlike xmr and bytecoin, ducknote has a 4 min blocktime, so it has fewer orphan blocks

Coins rarely are copies of each other, and I find it misleading when people use that term.  Whenever a "copy" is made, it is generally an improvement upon a coin, or another way of approaching a problem that the last coin was trying to solve.  In ducknote's case, the main change was the blocktime, ducknote sacrifices slightly faster transactions for fewer orphan blocks.

[Zer0Sum]

Just an FYI.  At 9 satoshis Ducknote already has a very pricey mkcap of near half a million.  Don't let the satoshis fool you into thinking Ducknote is cheap.

the other cryptonotes have market caps weeeelllll over a million

Not sure about that...
There are about 3 billion DuckNotes at 9 sats...
that's 270 BTC = $160,000... seems reasonably priced.

And since we have only traded about 30 BTC in volume...
I would give it at least a week before we have a meaningful price.

[zqjqiu]

XDN is a good name, like XMR.

perfect number:Total duckNotes: 8 589 869 056.00000000

[curiouser]

I'm curious that extremepool.org shows I have a Total Paid, but my wallet shows a zero balance after refresh.  It hasn't been very long, but my experience with XMR on a couple different pools was immediate.

I'm further curious as to why the block reward is not always 320000, but usually some much smaller amount.

[33zer0w0lf]

I'm curious that extremepool.org shows I have a Total Paid, but my wallet shows a zero balance after refresh.  It hasn't been very long, but my experience with XMR on a couple different pools was immediate.

I'm further curious as to why the block reward is not always 320000, but usually some much smaller amount.

if you don't understand why the block reward isn't always the same read the op or the white papers it is explained..
as far as not receiving coins yet once the pool pays them I have been told the block chain is taking an extremely long time to sync up.  I transferred some coins to poloniex earlier today and took about 6 hours.

[curiouser]

I'm curious that extremepool.org shows I have a Total Paid, but my wallet shows a zero balance after refresh.  It hasn't been very long, but my experience with XMR on a couple different pools was immediate.

I'm further curious as to why the block reward is not always 320000, but usually some much smaller amount.

if you don't understand why the block reward isn't always the same read the op or the white papers it is explained..
as far as not receiving coins yet once the pool pays them I have been told the block chain is taking an extremely long time to sync up.  I transferred some coins to poloniex earlier today and took about 6 hours.

Thank you for attempting to provide some answers, but I'm afraid my curiosity is not yet satisfied.  I found an obscure link in the OP, http://ducknote.org/aboutduckNote, and in it one obscure footnote that says the block reward can vary, apart from halving:  "*Supply chart has an accurate, but approximate values, because block reward for some blocks can be lower than base reward due the big sized block penalties."

That's not much of an explanation; a proper explanation would address why large blocks are penalized, what the reward variance can be, and how often it might be expected to happen.  By observation, the answer to both the latter two is "a lot".

You say "white papers"--could you perhaps provide more clues as to where additional writings reside?

As to block chain sync being the reason for non-existent or slow payment, I don't think so.  My wallet and the pool are reporting the same block height.  I think that extremepool is not actually paying out right now, and that it is likely not something nefarious, but rather that something is broken.

[Neo.op]

I am not sure but either there is an issue with this coin or there two pools are extremely sketchy:
1. Extremepool
Pending Balance: 0.00000000 XDN
 Total Paid: 12.13879839 XDN
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 3577600

No payout since 24hrs +

2. Hashharder
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 508669000
 Total Paid: 0.00000000 DUCK

No payout since 24+ hrs

[c18machine]

I am not sure but either there is an issue with this coin or there two pools are extremely sketchy:
1. Extremepool
Pending Balance: 0.00000000 XDN
 Total Paid: 12.13879839 XDN
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 3577600

No payout since 24hrs +

2. Hashharder
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 508669000
 Total Paid: 0.00000000 DUCK

No payout since 24+ hrs

Because no block was found yet in that pool lol.

[tuanvtau]

pool found block but no pay?

[nxtchina.org]

the price is too low on bittrex~~~~~~

[polz]

I am not sure but either there is an issue with this coin or there two pools are extremely sketchy:
1. Extremepool
Pending Balance: 0.00000000 XDN
 Total Paid: 12.13879839 XDN
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 3577600

No payout since 24hrs +

2. Hashharder
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 508669000
 Total Paid: 0.00000000 DUCK

No payout since 24+ hrs

no block no pay you mus be join in pool with high hasrate

[33zer0w0lf]

I'm curious that extremepool.org shows I have a Total Paid, but my wallet shows a zero balance after refresh.  It hasn't been very long, but my experience with XMR on a couple different pools was immediate.

I'm further curious as to why the block reward is not always 320000, but usually some much smaller amount.

if you don't understand why the block reward isn't always the same read the op or the white papers it is explained..
as far as not receiving coins yet once the pool pays them I have been told the block chain is taking an extremely long time to sync up.  I transferred some coins to poloniex earlier today and took about 6 hours.

Thank you for attempting to provide some answers, but I'm afraid my curiosity is not yet satisfied.  I found an obscure link in the OP, http://ducknote.org/aboutduckNote, and in it one obscure footnote that says the block reward can vary, apart from halving:  "*Supply chart has an accurate, but approximate values, because block reward for some blocks can be lower than base reward due the big sized block penalties."

That's not much of an explanation; a proper explanation would address why large blocks are penalized, what the reward variance can be, and how often it might be expected to happen.  By observation, the answer to both the latter two is "a lot".

You say "white papers"--could you perhaps provide more clues as to where additional writings reside?

As to block chain sync being the reason for non-existent or slow payment, I don't think so.  My wallet and the pool are reporting the same block height.  I think that extremepool is not actually paying out right now, and that it is likely not something nefarious, but rather that something is broken.

this has been explained in this thread but here it is againExplanation:


1. BLOCK_REWARD = BASE_REWARD(currently = 320000XDN) -  BLOCK_SIZE_PENALTY (Normal block should be < 32000, in other case block reward will be lower than expected)

Here is the block 8160:
https://minergate.com/blockchain/duck/block/b7239e7406e85a1e17965778c29d999fdc98fd2793d233f641b971280ea7628e

Block Size 91514 that is > 32000, because of 10 big transactions, so reward for that block is lower than expected. That is a normal situation for all CryptoNote coins.


as far as there being in thing wrong with the pool I can assure there is not anything abnormal that I am aware of, it takes time for the coins to appear in your wallet.   

[Starlightbreaker]

I am not sure but either there is an issue with this coin or there two pools are extremely sketchy:
1. Extremepool
Pending Balance: 0.00000000 XDN
 Total Paid: 12.13879839 XDN
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 3577600

No payout since 24hrs +

2. Hashharder
 Last Share Submitted: a day ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 508669000
 Total Paid: 0.00000000 DUCK

No payout since 24+ hrs

Because no block was found yet in that pool lol.

?

i got almost 400k already for mining for half a day.

[tiddy]

the in total for the coin is interesting.