[ANN] AEON [2018-07-12: update to 0.12.5.0+]

[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?

[pennys2pounds]

Am I missing something?

How can ASIC miners move from Monero or ETN to Aeon?
They are on 2 different algorithms.

The clue is in the name... Application Specific

Cryptonight light is not cryptonight

[Elder III]

Am I missing something?

How can ASIC miners move from Monero or ETN to Aeon?
They are on 2 different algorithms.

The clue is in the name... Application Specific

Cryptonight light is not cryptonight

Because the new ASICS for Cryptonight can also mine Cryptonight Lite - it says so right on their manufacturer's website and has been tested by many buyers all over the internet if you want to check the veracity of the statement.

[bbc.reporter]

Does anyone have some updates on Aeon's ASIC resisting hardfork?

Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.

Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.

[pennys2pounds]

Am I missing something?

How can ASIC miners move from Monero or ETN to Aeon?
They are on 2 different algorithms.

The clue is in the name... Application Specific

Cryptonight light is not cryptonight

Because the new ASICS for Cryptonight can also mine Cryptonight Lite - it says so right

Am I missing something?

How can ASIC miners move from Monero or ETN to Aeon?
They are on 2 different algorithms.

The clue is in the name... Application Specific

Cryptonight light is not cryptonight

Because the new ASICS for Cryptonight can also mine Cryptonight Lite - it says so right on their manufacturer's website and has been tested by many buyers all over the internet if you want to check the veracity of the statement.

Those machines at FPGA not ASIC and only Baikal offer these. The ones being sold by Bitmain, Innosilicon and Dragon mint are ASICS. There's a difference.

[pennys2pounds]

That's because they don't work on Aeon!

Only the FPGAs sold by Baikal and Pinidea.

Bitmain, Hualong  (Dragon mint) and Innosilicons CANNOT mine cryptonight light!

Does anyone have some updates on Aeon's ASIC resisting hardfork?

Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.

Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.

[lncm]

Well, network hashrate DOUBLED in a week.

Of course ASIC's are mining.

[pennys2pounds]

There are no cryptonight light ASICS. Please educate yourself on the difference. If ASICS were mining Aeon it would be 200mhs by now

[lncm]

There are no cryptonight light ASICS. Please educate yourself on the difference. If ASICS were mining Aeon it would be 200mhs by now

Yes there is. Baikal Giant-N is one of them, maybe others mining secretly.

Network hashrate was 22 Mh/s some days ago, now it is 47 Mh/s.

Sure, 25 Mh/s in a couple of days, all CPU and GPU's, I presume.

Intense coin blockchain suffered a 51% attack because devs neglected to update POW shortly after monero. After that, Aeon network hashrate doubled.

Maybe Aeon devs want to suffer next 51% attack...

Just kill ASIC mining with Aeon7 POW.

[noctrex]

That's because they don't work on Aeon!

Only the FPGAs sold by Baikal and Pinidea.

Bitmain, Hualong  (Dragon mint) and Innosilicons CANNOT mine cryptonight light!

Does anyone have some updates on Aeon's ASIC resisting hardfork?

Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.

Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.

It seems that as of yesterday, they do:

https://www.cryptunit.com/coin/AEON

yesterday the hashrate was 26MH/s, and today it shot up to 48MH/s:
https://chainradar.com/aeon/blocks

[lncm]

Of course.

And as I said, this happened after the attack to Intense Coin that led to its mining shutdown.

Pay attention, devs.

[pennys2pounds]

They aren't ASICS! They are FPGA's!

There's a BIG difference. There are no ASIC's that mine Aeon.

I give up.