[ANN][GoldReserve][XGR]X11 Unique Stabilizer Fund, BACKED BY GOLD NOW!

[mullakuz]

XGR Donations - GPHi5enDL6Pp8HrR5cmd7BwPGsMoUP8ZAN

 

[mxxxxxx]

Is there multipool coming up one day? Would love to continue mining =)

I try to find someone who can set up an operate a multipool, but no luck since.

About Bter or other exchanges. I tried to contact to Cryptsy, Bter and some other major exchanges around but some of them did not answer and some said we need to get on Bittrex or Cryptsy to get to their exchange...

Bittrex would be enough for now

[yogibaer]

Is there multipool coming up one day? Would love to continue mining =)

I try to find someone who can set up an operate a multipool, but no luck since.

About Bter or other exchanges. I tried to contact to Cryptsy, Bter and some other major exchanges around but some of them did not answer and some said we need to get on Bittrex or Cryptsy to get to their exchange...

Bittrex would be enough for now

Bittrex refused XGR from the first day on. "Hash rate too low" ... "Premine" ... "People should tweet us about XGR" ...

[mxxxxxx]

Is there multipool coming up one day? Would love to continue mining =)

I try to find someone who can set up an operate a multipool, but no luck since.

About Bter or other exchanges. I tried to contact to Cryptsy, Bter and some other major exchanges around but some of them did not answer and some said we need to get on Bittrex or Cryptsy to get to their exchange...

Bittrex would be enough for now

Bittrex refused XGR from the first day on. "Hash rate too low" ... "Premine" ... "People should tweet us about XGR" ...

will tweet them

[Mesterlovesz74]

Is there multipool coming up one day? Would love to continue mining =)

I try to find someone who can set up an operate a multipool, but no luck since.

About Bter or other exchanges. I tried to contact to Cryptsy, Bter and some other major exchanges around but some of them did not answer and some said we need to get on Bittrex or Cryptsy to get to their exchange...

Bittrex would be enough for now

Bittrex refused XGR from the first day on. "Hash rate too low" ... "Premine" ... "People should tweet us about XGR" ...

will tweet them

Anybody who want to see XGR on Bittrex, please tweet something nice to them, something like, OH, I love Bittrex and Rami and Richie, please guys add XGR to your exchange!!

[Mesterlovesz74]

Oh, one more thing, I do not know what happened at Allcoin.com, but at C-cex price is around 300 sat.
I checked the order history at Allcoin.com and it seems that someone systematically sold his coins at the Bid price, so price went down in every transaction.

The good news is, at last, I contacted by a Hungarian developer and he is keen on helping me improve my coin. If the negotiations goes well, I will start to implement new features to this coin. I will create a list of new implementations I have in mind, and we can discuss that in here or on IRC channel.

I also read at Bitcoinbuzz that nowadays US has around 5% worth of gold backing up the USD dollar! I think soon we can reach that number easily!

[mxxxxxx]

Oh, one more thing, I do not know what happened at Allcoin.com, but at C-cex price is around 300 sat.
I checked the order history at Allcoin.com and it seems that someone systematically sold his coins at the Bid price, so price went down in every transaction.

The good news is, at last, I contacted by a Hungarian developer and he is keen on helping me improve my coin. If the negotiations goes well, I will start to implement new features to this coin. I will create a list of new implementations I have in mind, and we can discuss that in here or on IRC channel.

I also read at Bitcoinbuzz that nowadays US has around 5% worth of gold backing up the USD dollar! I think soon we can reach that number easily!

Great news , guys make some tweeting to bittrex

[DrSnAzZy]

Keep tweeting!

[cryptoJJ]

First, I am a backer of XGR all the way. In the top 20, I've mined it, I've bought it, and I've put my faith behind it.  This is not FUD, it is just my own confusion, which admittedly happens quite often.

Up until now, I've never really closely examined the numbers, and now that I have, I could use a little clarification from someone that knows what they're talking about.  Perhaps what I need is a class on how the blockchain works.  I am unfamiliar with how coins get minted after the POW phase(if they do at all), I am still very new to crypto, and I am not an accountant or finance major so if it could be explained in as simple of terms as possible, that would be great.

according to block reward structure from op...

up to block 100 = 10,000 coins (100 blocks x 100 coins/block)
up to block 500 = 120,000 coins(400 blocks x 300 coins/block)
up to block 10,000 = 5,700,000 coins(9,500 blocks x 600 coins/block)
up to block 50,000 = 12,000,000 coins(40,000 blocks x 300 coins/block)
up to block 100,000 = 5,000,000 coins(50,000 blocks x 100 coins/block)

I'm not against the premine and understand its importance to XGR, and I know this isn't that important, but correct me if I'm wrong, due to the premine and according to the block explorer,  the first couple lines should be changed as follows...

up to block 1 = 1 coin (1 block x 1 coin/block)
up to block 2 = 4,000,000 coins (1 block x 4,000,000 coins/block)
up to block 100 = 9,800 coins (98 blocks x 100 coins/block)
up to block 500 = 120,000 coins(400 blocks x 300 coins/block)
up to block 10,000 = 5,700,000 coins(9,500 blocks x 600 coins/block)
up to block 50,000 = 12,000,000 coins(40,000 blocks x 300 coins/block)
up to block 100,000 = 5,000,000 coins(50,000 blocks x 100 coins/block)

According to these numbers, a total of 26,829.801 coins should have been mined through the end of POW.

Now, this is where my blockchain confusion/ignorance kicks in, so bear with me.  According to the block explorer, the total coins minted is approx. 16,754,250.  I noticed this number fluctuates.  Is this due to trading and/or movement between wallets, or something else?

Why is there a discrepancy of 10,075,551 coins between total POW coins(26,829,801) and total coins minted(16,754,250) according to block explorer?  Where are these extra coins?  Does this have to do with how the coins are stored, traded, staked?  I am clueless here.

The block explorer also has a pie chart on the stats page which shows the stats of total coins mined 16,754,250 and the total of unmined coins 11,245,750, which adds up to 28,000,000 coins.  These numbers move, but will always add up to 28,000,000.  How do the unmined coins become mined coins and vice versa?  Also, where does the total of 28,000,000 coins come from?

This may be a more related to how the POS/blockchain works, but still, I am curious.  There have been almost 9000 blocks added to the explorer since block 100,000 was mined, are these from transactions/trades? How does a new block get created, and how does this tie into the total amount of coins?  

Now, lets look at an older block, a random block, for example, block 1977.  Value out=9185.33474637, transactions=19.  How does the value out get to be 9185.xxx?  

I guess, to sum it up, if my other questions don't make sense, or can't be answered individually, what I would like to know is how does it work?  Can someone show me how all these numbers(POW, POS, premine, interest, stake, or whatever bit I'm missing) add up to 40,000,000 total coins?

I'd be willing to bet that a good explanation would be beneficial to a lot of people here. As simple as possible, nothing too in depth.

I apologize for all the potentially stupid questions.  Please let me know if I said or asked something that is confusing, or doesn't make sense at all.

Thanks.

[Mesterlovesz74]

First, I am a backer of XGR all the way. In the top 20, I've mined it, I've bought it, and I've put my faith behind it.  This is not FUD, it is just my own confusion, which admittedly happens quite often.

Up until now, I've never really closely examined the numbers, and now that I have, I could use a little clarification from someone that knows what they're talking about.  Perhaps what I need is a class on how the blockchain works.  I am unfamiliar with how coins get minted after the POW phase(if they do at all), I am still very new to crypto, and I am not an accountant or finance major so if it could be explained in as simple of terms as possible, that would be great.

according to block reward structure from op...

up to block 100 = 10,000 coins (100 blocks x 100 coins/block)
up to block 500 = 120,000 coins(400 blocks x 300 coins/block)
up to block 10,000 = 5,700,000 coins(9,500 blocks x 600 coins/block)
up to block 50,000 = 12,000,000 coins(40,000 blocks x 300 coins/block)
up to block 100,000 = 5,000,000 coins(50,000 blocks x 100 coins/block)

I'm not against the premine and understand its importance to XGR, and I know this isn't that important, but correct me if I'm wrong, due to the premine and according to the block explorer,  the first couple lines should be changed as follows...

up to block 1 = 1 coin (1 block x 1 coin/block)
up to block 2 = 4,000,000 coins (1 block x 4,000,000 coins/block)
up to block 100 = 9,800 coins (98 blocks x 100 coins/block)
up to block 500 = 120,000 coins(400 blocks x 300 coins/block)
up to block 10,000 = 5,700,000 coins(9,500 blocks x 600 coins/block)
up to block 50,000 = 12,000,000 coins(40,000 blocks x 300 coins/block)
up to block 100,000 = 5,000,000 coins(50,000 blocks x 100 coins/block)

According to these numbers, a total of 26,829.801 coins should have been mined through the end of POW.

Now, this is where my blockchain confusion/ignorance kicks in, so bear with me.  According to the block explorer, the total coins minted is approx. 16,754,250.  I noticed this number fluctuates.  Is this due to trading and/or movement between wallets, or something else?

Why is there a discrepancy of 10,075,551 coins between total POW coins(26,829,801) and total coins minted(16,754,250) according to block explorer?  Where are these extra coins?  Does this have to do with how the coins are stored, traded, staked?  I am clueless here.

The block explorer also has a pie chart on the stats page which shows the stats of total coins mined 16,754,250 and the total of unmined coins 11,245,750, which adds up to 28,000,000 coins.  These numbers move, but will always add up to 28,000,000.  How do the unmined coins become mined coins and vice versa?  Also, where does the total of 28,000,000 coins come from?

This may be a more related to how the POS/blockchain works, but still, I am curious.  There have been almost 9000 blocks added to the explorer since block 100,000 was mined, are these from transactions/trades? How does a new block get created, and how does this tie into the total amount of coins?  

Now, lets look at an older block, a random block, for example, block 1977.  Value out=9185.33474637, transactions=19.  How does the value out get to be 9185.xxx?  

I guess, to sum it up, if my other questions don't make sense, or can't be answered individually, what I would like to know is how does it work?  Can someone show me how all these numbers(POW, POS, premine, interest, stake, or whatever bit I'm missing) add up to 40,000,000 total coins?

I'd be willing to bet that a good explanation would be beneficial to a lot of people here. As simple as possible, nothing too in depth.

I apologize for all the potentially stupid questions.  Please let me know if I said or asked something that is confusing, or doesn't make sense at all.

Thanks.

Hi CryptoJJ! You are correct. I should change the block reward structure according how blocks generated. And now, to explain the difference in numbers. POS started at Block 1, therefore, POW and POS blocks generated after one another, which means almost every 2nd block was a POS block! But, according to the source (program) POW block generation stop at block 100k. So as POS blocks "took" away places from POW blocks, rewards did not generated as it was written in the OP.
At block 100k there was around 16 mill coins out instead of 28 mill. It is not an error, it is how things are now.

How the rest of the coins will be mined? Through POS rewards, which means, the rest of the coins will be given out by the 10% annual interest, which means in every year coin count will increase with 10%, so next year will be 17,6 mill coins in circulation, in 2016 there will be 19,36 mill and so on, till we reach the 40 mill maximum coins, where we settle down.

To keep up the interest for this coin, I am contacting some existing multipools to consider adding XGR to their range.

[mullakuz]

Hmm we really need a multipool, That'll surely make things interesting.

[yogibaer]

Hmm we really need a multipool, That'll surely make things interesting.

I don't really understand how a multipool could help XGR. Yes, I know what a multipool is doing and that it could create buy support for XGR, but to have real buy support that needs big amounts of BTC and altcoin profitabilty is falling and falling. That means less BTC / MHash day. Just look at multipool stats (e.g. poolpicker.eu ) who do altcoin mining and pay out in BTC then calculate how much hashrate is needed to create real buy walls for XGR.

During PoW phase XGR never had really high hashrates (I'd guess, the average hashrate for XGR was 1-2 GHash during PoW phase), why should now 10, 20 30 GHash be pointed to a multipool to get payouts in XGR? For anyone who thinks logically and economically it's cheaper to buy XGR than to try to mine it via multipool.

Just my thoughts about this multipool topic.

[mullakuz]

Hmm we really need a multipool, That'll surely make things interesting.

I don't really understand how a multipool could help XGR. Yes, I know what a multipool is doing and that it could create buy support for XGR, but to have real buy support that needs big amounts of BTC and altcoin profitabilty is falling and falling. That means less BTC / MHash day. Just look at multipool stats (e.g. poolpicker.eu ) who do altcoin mining and pay out in BTC then calculate how much hashrate is needed to create real buy walls for XGR.

During PoW phase XGR never had really high hashrates (I'd guess, the average hashrate for XGR was 1-2 GHash during PoW phase), why should now 10, 20 30 GHash be pointed to a multipool to get payouts in XGR? For anyone who thinks logically and economically it's cheaper to buy XGR than to try to mine it via multipool.

Just my thoughts about this multipool topic.

I like the concept of mining real gold from a computer. Quite bizarre actually. I wonder how much gold will actually make it to the reserve?

Speaking of which, isn't gold meant to be added weekly?

[Mesterlovesz74]

Hmm we really need a multipool, That'll surely make things interesting.

I don't really understand how a multipool could help XGR. Yes, I know what a multipool is doing and that it could create buy support for XGR, but to have real buy support that needs big amounts of BTC and altcoin profitabilty is falling and falling. That means less BTC / MHash day. Just look at multipool stats (e.g. poolpicker.eu ) who do altcoin mining and pay out in BTC then calculate how much hashrate is needed to create real buy walls for XGR.

During PoW phase XGR never had really high hashrates (I'd guess, the average hashrate for XGR was 1-2 GHash during PoW phase), why should now 10, 20 30 GHash be pointed to a multipool to get payouts in XGR? For anyone who thinks logically and economically it's cheaper to buy XGR than to try to mine it via multipool.

Just my thoughts about this multipool topic.

I like the concept of mining real gold from a computer. Quite bizarre actually. I wonder how much gold will actually make it to the reserve?

Speaking of which, isn't gold meant to be added weekly?

Multipools can be created with different algorithms, so maybe if a multipool start a SHA-256 pool for XGR then people can direct their ASIC miners there to collect some GOLD!

Next batch of FIAT arrived to the Gold Account, now we have 7 gramms of gold and 30 EUR. (because of the higher transaction fees I misscalculated the amount I should send...)

[exemplaar]

Hmm we really need a multipool, That'll surely make things interesting.

I don't really understand how a multipool could help XGR. Yes, I know what a multipool is doing and that it could create buy support for XGR, but to have real buy support that needs big amounts of BTC and altcoin profitabilty is falling and falling. That means less BTC / MHash day. Just look at multipool stats (e.g. poolpicker.eu ) who do altcoin mining and pay out in BTC then calculate how much hashrate is needed to create real buy walls for XGR.

During PoW phase XGR never had really high hashrates (I'd guess, the average hashrate for XGR was 1-2 GHash during PoW phase), why should now 10, 20 30 GHash be pointed to a multipool to get payouts in XGR? For anyone who thinks logically and economically it's cheaper to buy XGR than to try to mine it via multipool.

Just my thoughts about this multipool topic.

I like the concept of mining real gold from a computer. Quite bizarre actually. I wonder how much gold will actually make it to the reserve?

Speaking of which, isn't gold meant to be added weekly?

Multipools can be created with different algorithms, so maybe if a multipool start a SHA-256 pool for XGR then people can direct their ASIC miners there to collect some GOLD!

Next batch of FIAT arrived to the Gold Account, now we have 7 gramms of gold and 30 EUR. (because of the higher transaction fees I misscalculated the amount I should send...)

Also with scrypt, scrypt-n and x11/x13 algo multipool would attract more miners, thus more hashpower. Constant buy pressure guaranteed. Pool operator would have to buy XGR with BTC on exchanges to pay miners. Price of XGR would rise.

[yogibaer]

https://bitcointalk.org/index.php?topic=701200.0

Open Source Multipool

[captainbluff]

I think to start a new multipool is too difficult of a task since it will require a full time pool operator to manage the pool. Look at the XC multipool, it's barely alive for X11 and CLOAK discontinued their multipool. My suggestion would be to contact coinking.io multipool and find out how we can get XGR as an option for payout.

[thefalleng2]

I think to start a new multipool is too difficult of a task since it will require a full time pool operator to manage the pool. Look at the XC multipool, it's barely alive for X11 and CLOAK discontinued their multipool. My suggestion would be to contact coinking.io multipool and find out how we can get XGR as an option for payout.

Building a multipool finely and managing it is hard work.I tried once and I lost my money.

[MineP.it]

We could possibly set up and run a multipool for XGR. Depends how much interest/demand there is for it.

[bitcoinwonders010]

how much total gold does this coin own