[ANN]AXIS coin + - Hybrid - X13 - 6M. Android Ticker. MANDATORY WALLET!

[CallMeAXIS]

It's simple.

Code:

6 days of hashing = ~6M
6M + premine = 12M
premine = ? 

I don't understand why dev ignore this question.

I didn't even see the question, I'm sorry. It's Sunday and I'm outside in the garden, with my family.

It's a typo I'm waiting for Mike to come. When he comes, I'll fix it and update entire ANN.

Got some hot news as well!

As an investor I'd prefer hot news towards the end or at the end of pow, just gonna waste it fattening up the multipools at this point.

I think we're on the same page.
But I have to keep people entertained somehow.


I'll be back later!

[1714825997]

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[zing96]

Here's code:

Premine of 1% (of 12million) and 687.5 block reward:

Code:

int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 687.5 * COIN;

    if(nHeight == 1)
	nSubsidy = 120000 * COIN;
	
    else if(nHeight <= 100)
	nSubsidy = 1 * COIN;
    
    return nSubsidy + nFees;
}

TOTAL money supply (PoW + PoS)

Code:

static const int64 MAX_MONEY = 36000000 * COIN;			// 36 Million

However, I can't find the missing 6 million coins either.  I don't know how you get 12 million coins in the PoW phase.  Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):

Code:

unsigned int nStakeMinAge = 60 * 60 * 7 * 1;	// minimum age for coin age:  7h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30;	// stake age of full weight:  30d

687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)

So...I don't know where 12 million coins in the PoW phase comes in.  In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640).  The current money supply is 1,935,099.0.  That's almost 1/3 the total I just calculated (6,059,312.5).

I think the total PoW coins is ~6,000,000.  Thus, the premine was actually 2%.

This is good and bad. Less coins means it's worth more.  However, a 2% premine means we were lied to.

The other option is that I'm just not seeing 6 million coins somewhere.  They aren't in the money supply right now and, at this rate, won't be by the end of PoW.

[KeyserSozeMC]

Here's code:

Premine of 1% (of 12million) and 687.5 block reward:

Code:

int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 687.5 * COIN;

    if(nHeight == 1)
	nSubsidy = 120000 * COIN;
	
    else if(nHeight <= 100)
	nSubsidy = 1 * COIN;
    
    return nSubsidy + nFees;
}

TOTAL money supply (PoW + PoS)

Code:

static const int64 MAX_MONEY = 36000000 * COIN;			// 36 Million

However, I can't find the missing 6 million coins either.  I don't know how you get 12 million coins in the PoW phase.  Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):

Code:

unsigned int nStakeMinAge = 60 * 60 * 7 * 1;	// minimum age for coin age:  7h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30;	// stake age of full weight:  30d

687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)

So...I don't know where 12 million coins in the PoW phase comes in.  In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640).  The current money supply is 1,935,099.0.  That's almost 1/3 the total I just calculated (6,059,312.5).

I think the total PoW coins is ~6,000,000.  Thus, the premine was actually 2%.

Wouldn't that mean that the price is going to skyrocket? lol

I thought it was 12M total coins from PoW XD

[Kenta]

Are we there yet?

What's the last POW-block # ?

[zing96]

Wouldn't that mean that the price is going to skyrocket? lol

I edited my post.  Potentially.  It's either that, or there are 6 million coins missing.  I would really like it if someone else also reviewed code.

[zing96]

Are we there yet?

What's the last POW-block # ?

Code:

static const int CUTOFF_POW_BLOCK = 8640;

[KeyserSozeMC]

Are we there yet?

What's the last POW-block # ?

Code:

static const int CUTOFF_POW_BLOCK = 8640;

This. Moon.

I really hope there are 6M coins in total

[javo1966]

how many days of pow? 6 or 12?

6 days of hashing. "And the 7th day, God rested."

Coins from POW = 11880000
Coins Per day = 990000
Coins Per block = 687.5

687.5x1440blocks=990000
990000x12days=11880000 correct

but 6days = 5940000??

Can someone explain this to me?

[SkyValeey]

PUMP is on a way. Buy + hodl = profit

[KeyserSozeMC]

how many days of pow? 6 or 12?

6 days of hashing. "And the 7th day, God rested."

Coins from POW = 11880000
Coins Per day = 990000
Coins Per block = 687.5

687.5x1440blocks=990000
990000x12days=11880000 correct

but 6days = 5940000??

Can someone explain this to me?

That callmeMike guy said it's a typo. I guess that's the right number?

[zing96]

If it's (the total coin supply) is a "typo" then 2 things should happen:

1)  The price should go way up...there are now half as many coins as originally thought. 

2)  The premine was 2%.  I don't know how many of us would originally have been on board with a 2% premine of a 6 million total coin.  But, not much we can do about that now.

It would still be great if someone else could review source code (as everyone should really do).  I don't see anything shady, but before investing a bunch more money, it'd be nice to have someone else confirm the total PoW coin supply.  Because that has price implications.  There are now half as many coins as originally thought.  6 million coins put this near CloakCoin level (5,000,000) - which is currently sitting at ~15,000 satoshi.

[bitspender]

How long does it takes to deposit on poloniex?
It has already 18 confirmations 

[KeyserSozeMC]

How long does it takes to deposit on poloniex?
It has already 18 confirmations  

Yeah man, poloniex can be slow as f

[SkyValeey]

Just hodl AXIS.. pump just started.. easy 15k+ in a 2-3-4d

[PiOfCube]

Coins rewarded during PoW.

Check the code!

Code:

static const int CUTOFF_POW_BLOCK = 8640;

static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 687.5 * COIN;

    if(nHeight == 1)
	nSubsidy = 120000 * COIN;

    else if(nHeight <= 100)
	nSubsidy = 1 * COIN;
    
    return nSubsidy + nFees;
}

So.

Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)

Total coins during PoW (including premine) = 5,990,661.5 coins

Just a quick calculation but that's what the code does.

[KeyserSozeMC]

Coins rewarded during PoW.

Check the code!

Code:

static const int CUTOFF_POW_BLOCK = 8640;

static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 687.5 * COIN;

    if(nHeight == 1)
	nSubsidy = 120000 * COIN;

    else if(nHeight <= 100)
	nSubsidy = 1 * COIN;
    
    return nSubsidy + nFees;
}

So.

Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)

Total coins during PoW (including premine) = 5,990,661.5 coins

Just a quick calculation but that's what the code does.

Shit man, it's true XD

THIS IS GOING TO THE MOOOOOOOOOOOOOON

[BitcoinBaBa]

I have a feeling that the dev is going to surprise us with some tricks up his sleeves.

[KeyserSozeMC]

I have a feeling that the dev is going to surprise us with some tricks up his sleeves.

Good or bad?

If it's bad, let's start the FUD and get more cheap coins

[PiOfCube]

I have a feeling that the dev is going to surprise us with some tricks up his sleeves.

I'll be pushing this on a few merchants that accept a range of coins already. I'll give it a few weeks to make sure it's still reliable and nothing bad added in source updates.

And this is coming from someone that has a reputation for calling bad coins.

[zing96]

Coins rewarded during PoW.

Check the code!

Code:

static const int CUTOFF_POW_BLOCK = 8640;

static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
    int64_t nSubsidy = 687.5 * COIN;

    if(nHeight == 1)
	nSubsidy = 120000 * COIN;

    else if(nHeight <= 100)
	nSubsidy = 1 * COIN;
    
    return nSubsidy + nFees;
}

So.

Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)

Total coins during PoW (including premine) = 5,990,661.5 coins

Just a quick calculation but that's what the code does.

Thanks for double checking.  I just wanted to make sure there weren't 6 million coins hidden somewhere else.  I mean, how do you have a typo on your total PoW coin supply?  That completely affects the initial price of the coin!  You'd think you would double, triple, and quadruple check that number in the OP.