[ANN] AEON: Scalable, private, mobile-friendly cryptocurrency

[smooth]

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.

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[Elder III]

I imagine that the network hashrate will drop significantly, but I personally don't think it will be as large of a percentage as it was for Monero. In any case I am looking forward to the rebase and fork in equal measure.

[bbc.reporter]

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.

What are the Monero development team's thoughts on when ASICs, or more specifically Bitmain, started entering the Cryptonote mining space? Do you reckon that it might be longer than 3 months including testing?

Bitmain might have started mining XMR on November 2017 while tests started on July of the same year.

https://bitinfocharts.com/comparison/hashrate-xmr.html

[smooth]

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.

What are the Monero development team's thoughts on when ASICs, or more specifically Bitmain, started entering the Cryptonote mining space? Do you reckon that it might be longer than 3 months including testing?

Bitmain might have started mining XMR on November 2017 while tests started on July of the same year.

https://bitinfocharts.com/comparison/hashrate-xmr.html

Some of those hash rate change are likely natural, due to price changes.

The best indicator is probably to look at profitability or some variant thereof. We can see that starting in early 2018 or possibly late 2017, profitability started a decline to lows not seen since 2016. That was probably due to ASICs starting to capture most of the hash rate, though when they started at a low hash rate share is impossible to say.

Here an analysis from Monero core team member ArticMine. https://www.reddit.com/r/Monero/comments/8al8tm/considering_that_a_sizeable_amount_must_have_not/dwzxdj6/

[Hiyatus]

Hi

Is it possible to make aeond use swap?
I'm asking because my computer runs out of ram and freezes.
How much ram is required atm?

Thank you

[eeX]

Hi guys!

My principal wanna buy 100K AEON off-exchange.
PM me with your ask price.

Thanks.

[eeX]

Hey! Can me please, what advantages will I get if I have the tokens of your project?

AEON is real hard-mined coin.
Ask about hollow tokens at another places.

[bbc.reporter]

Hi guys!

My principal wanna buy 100K AEON off-exchange.
PM me with your ask price.

Thanks.

Best to contact smooth, americanpegasus here on bitcointalk/katiecharms in /r/aeon on Reddit and maybe sammy007. They may or may not sell that much coins but they might be able to point you to people who could.

What's wrong with using Bittrex hehehe?

[eeX]

What's wrong with using Bittrex hehehe?

Price probably?
But size for sure - Bittrex have 130K and Hitbtc 150K only.

[nuqqi]

uhm, mining at 30kh/s atm for 3 hours, only generated about 0.08aeon :s

is this coin really broken?

[Elder III]

uhm, mining at 30kh/s atm for 3 hours, only generated about 0.08aeon :s

is this coin really broken?

You need to provide a heck of allot more information if you want an answer to help solve your problem.  Please specify the details of your hardware, software, pool, etc... Regardless of the details you definitely need to mine for allot more then 3 hours before jumping to any conclusions. This applies to any and every coin, not just AEON.

[jwinterm]

uhm, mining at 30kh/s atm for 3 hours, only generated about 0.08aeon :s

is this coin really broken?

It takes several hours for blocks to mature, which is when the pool will increment your pending balance.

[bbc.reporter]

What's wrong with using Bittrex hehehe?

Price probably?
But size for sure - Bittrex have 130K and Hitbtc 150K only.

Hehe I was only joking. The liquidity for Aeon is so low that I wouldn't recommend anyone to buy 100k coins. What would happen if you decide to sell all of them? You would crash the price if you cannot look for a buyer off-exchange.

[eeX]

You would crash the price if you cannot look for a buyer off-exchange.

Off-exchange trades is my domain.

[tangtang800]

The volume of transactions is far from enough. I have not seen the valuable updates of projects, and need more attention.

[lncm]

When will POW be updated to Aeon V7?

[SparkIt]

Hi!

I studied the formula of calculation the Block reward:

(M−A) / (2¹⁸) / (10¹²) where M = 2⁶⁴ −1 and A = supply mined to date.^[3]

Input data:
Total Supply (2⁶⁴ −1): 18 446 744
Block time: 240 seconds
Blocks per day: 360


So.. I calculated the data in Excel and that's what we have:

Sort by Block reward:

Date		Mined supply	Remaining supply	Block reward
Today		15 708 136	2 738 608	10,4
14.05.2018		15 822 354	2 624 390	10,0
30.07.2018		16 085 869	2 360 876	9,0
24.10.2018		16 349 030	2 097 714	8,0
29.01.2019		16 610 821	1 835 923	7,0
21.05.2019		16 872 723	1 574 021	6,0
01.10.2019		17 135 653	1 311 092	5,0
11.03.2020		17 397 328	1 049 416	4,0
07.10.2020		17 660 396	786 348	3,0
29.07.2021		17 922 477	524 267	2,0
15.12.2022		18 184 471	262 273	1,0

Sort by Mined supply:

Date		Mined supply	Remaining supply	Block reward
05.07.2018		16 003 349	2 443 395	9,3
18.12.2018		16 501 737	1 945 007	7,4
22.07.2019		17 001 280	1 445 464	5,5
25.05.2020		17 500 101	946 643	3,6
23.11.2021		18 000 344	446 400	1,7
01.01.2040		18 446 694	50	0,0001**

* Table with calculations here.

The table is large, therefore need to wait for load all data.
Perhaps in the table there are deviations from the fact, but in theory everything should be right.


Graphs of statistics










I think everything is clearly visible. The formula contains a significant reduction of AEON emission in the future.

26.08.2023
99% of all AEON will be released.

After that moment the reward will be negligible and will continue to decrease endlessly.

**Comment of @smooth

"There is a minimum that will be reached and then it won't decline any more (though since it is a fixed amount, it will become a smaller and smaller percentage over time).

So the fixed amount will be 0.3 per minute, but with 4 minute blocks that ends up being 1.2 AEON per block."

[smooth]

After that moment the reward will be negligible and will continue to decrease endlessly.

There is a minimum that will be reached and then it won't decline any more (though since it is a fixed amount, it will become a smaller and smaller percentage over time). This has been discussed numerous times and we eventually decided on keeping the same emission rate as Monero, as it has been since the beginning. So the fixed amount will be 0.3 per minute, but with 4 minute blocks that ends up being 1.2 AEON per block.

[bbc.reporter]

You would crash the price if you cannot look for a buyer off-exchange.

Off-exchange trades is my domain.

That would be hard for a cryptocoin like Aeon, don't you think? What if market prices crash to 5k satoshis? It would clearly be too hard to sell 100k Aeons if want to, both on and off-exchange.

But what do you know that you would be willing to hold that much Aeons? Care to share your insider information hehehe?

[marco89]

any info for a windows gui? (not the current cli)
was it in project or not?