[ANN]Cassubian Detk (CDT) QUBIT PoW - coin for wooden investment

[alicea]

10 blocks to the first halving.

[k_d]

Hello people

As everybody can see in sources:

Code:

    int halvingInterval = 10000;
    int halvingGap = 30000; // Num of blocks between 1st and second halving

    while (nHeight > halvingInterval) {
        nSubsidy /= 2;
        halvingInterval += halvingGap;
        halvingGap += 10000; // Next halving height gap is 10,000 blocks more than the last
        }

the first block halving is coming soon (in about 140 blocks). Primarily I thought that this emission curve with initial value of 50 coins and some halvings would be a good idea. I'd like to appreciate those who had believed in this coin in the first, the heaviest period.

Later I've realised that this emission curve causes that there will be a block reward only 1 CDT in about 1 year and 0.19 CDT in 3 years! It's unfair for the future miners. The early miners and supporters MUST be appreciated by higher block reward, BUT I still have to be fair to late/future miners. They need to mine it profitably, so the block reward should not fall to such low value. It must be stopped at certain level.

That's why I've considered putting an additional element to the block reward algoritm, saying "never lower than (until the max PoW supply is mined)". I was thinking that it could be 20 or 12.5 per block, maybe 10. Maybe 21 or 7 as they are lucky numbers. But I could not decide.

That's why I'd like to ask YOU - THE USERS and MINERS. What value would be honest?

This change will be put into the next planned wallet upgrade, that will be in the last days of August/first days of September.
If you've found a bug in the current wallet, please PM me, I'll deal with it

Could the block reward simply stay at 25?
3 lines to be deleted, and looks like this:

Code:

    int halvingInterval = 10000;

    while (nHeight > halvingInterval) {
        nSubsidy /= 2;
        }

[JP2GMD]

The trees24 website for trees planting and trading is planned to be launched on Aug 25.

The silver bullion coins issued by the Jewellery Garden, a company from Gdańsk, are planned to be ready in the first decade of September.

Maybe it's a good idea to add a countdown on the webiste 

[k_d]

The trees24 website for trees planting and trading is planned to be launched on Aug 25.

The silver bullion coins issued by the Jewellery Garden, a company from Gdańsk, are planned to be ready in the first decade of September.

Maybe it's a good idea to add a countdown on the webiste 

Oh no! The better idea is to be careful on twitter and forum

[fartbags]

Does the total number of coins to be created have to remain the same?

If it has to remain the same, my only idea would be to decrease block size down to 8 immediately and increase the block halving time significantly. This would extend the time allowed for people to mine within the 8 to 4 reward range to over 1 year.

8 months at 8, 8 months at 4, 8 months at 2, 8 months at 1

[k_d]

Does the total number of coins to be created have to remain the same?

Alicea wrote that it will remain the same.

If it has to remain the same, my only idea would be to decrease block size down to 8 immediately and increase the block halving time significantly. This would extend the time allowed for people to mine within the 8 to 4 reward range to over 1 year.

8 months at 8, 8 months at 4, 8 months at 2, 8 months at 1

Should it fall so low? Extending the time is a good idea, but I don't know if the block reward of 1 in 2017 guarantees profitability from mining. How does the Litecoin's halvings look like? There're no halvings at all, aren't they?

[alicea]

Does the total number of coins to be created have to remain the same?

Alicea wrote that it will remain the same.

If it has to remain the same, my only idea would be to decrease block size down to 8 immediately and increase the block halving time significantly. This would extend the time allowed for people to mine within the 8 to 4 reward range to over 1 year.

8 months at 8, 8 months at 4, 8 months at 2, 8 months at 1

Should it fall so low? Extending the time is a good idea, but I don't know if the block reward of 1 in 2017 guarantees profitability from mining. How does the Litecoin's halvings look like? There're no halvings at all, aren't they?

Yes, the total amount will stay the same.
Only reward per block would be changed, and because of that the whole distribution period will change.

[fartbags]

Does the total number of coins to be created have to remain the same?

Alicea wrote that it will remain the same.

If it has to remain the same, my only idea would be to decrease block size down to 8 immediately and increase the block halving time significantly. This would extend the time allowed for people to mine within the 8 to 4 reward range to over 1 year.

8 months at 8, 8 months at 4, 8 months at 2, 8 months at 1

Should it fall so low? Extending the time is a good idea, but I don't know if the block reward of 1 in 2017 guarantees profitability from mining. How does the Litecoin's halvings look like? There're no halvings at all, aren't they?

Yes, the total amount will stay the same.
Only reward per block would be changed, and because of that the whole distribution period will change.

The only things I can think of doing is immediately dropping the block reward down really low or changing to POS mining. POS would give miners the ability to buy coins and then mine POS style with them on any old computer. No more wasting energy with POW.

Does anyone else have any other ideas?

[k_d]

Does the total number of coins to be created have to remain the same?

Alicea wrote that it will remain the same.

If it has to remain the same, my only idea would be to decrease block size down to 8 immediately and increase the block halving time significantly. This would extend the time allowed for people to mine within the 8 to 4 reward range to over 1 year.

8 months at 8, 8 months at 4, 8 months at 2, 8 months at 1

Should it fall so low? Extending the time is a good idea, but I don't know if the block reward of 1 in 2017 guarantees profitability from mining. How does the Litecoin's halvings look like? There're no halvings at all, aren't they?

Yes, the total amount will stay the same.
Only reward per block would be changed, and because of that the whole distribution period will change.

The only things I can think of doing is immediately dropping the block reward down really low or changing to POS mining. POS would give miners the ability to buy coins and then mine POS style with them on any old computer. No more wasting energy with POW.

Does anyone else have any other ideas?

I've understood from the beginning, that pure PoW is an advantage. Something like good old-school and like Litecoin. I appreciate it (even with my small GPU).

[JP2GMD]

So is it worth it to mine with slow GPU? From the wallet app (I don't see the option)?

[marada]

So is it worth it to mine with slow GPU? From the wallet app (I don't see the option)?

You can't mine with GPU from wallet directly.
You need GPU miner like sgminer. See the OP.

Using small GPU with wallet is not a good idea.
Much better to use pool instead. It could make a sense to mine with a small GPU.
Don't expect too much coins, but at the other hand you won't burn too much electricity.
There are some small but quite effective GPUs.

[alicea]

So is it worth it to mine with slow GPU? From the wallet app (I don't see the option)?

What Graphics Processing Unit you have in your computer?

I've understood from the beginning, that pure PoW is an advantage. Something like good old-school and like Litecoin. I appreciate it (even with my small GPU).

Sure it is. I think.
You may consider it a joke or not - the idea of block reward that equals the difficulty It would be very just, because the more hashrate is present, the more coins are to be divided between miners.

[alicea]

Not PoW, not PoS, but... PoTh!


Brain Mining - a method of PoTh (Proof of Thinking)

Cassubian Detk is announcing the new way of mining coins - the Brain Mining! PoTh is much more efficient than PoW mining - there're no electricity costs, because the miners do it with their brains.

The PoTh block equals the actual PoW value, but there're only 2 blocks a day (12 hours block time). Blocks are valid after 7 confirmations (here, in Detk's thread on bitcointalk forum).

The algo: think about a picture, image or animation, and create it. The picture must coax to using the altcoins (especially Cassubian Detk). Most appreciated will be the content addressed to people from outside the cryptocommunity, to make them interest in the cryptocoins. Post your work in this thread and wait for confirmations!

The confirmations will be given by other users by quoting the image.

The source of brain mined coins: the development fund.

[JP2GMD]

What Graphics Processing Unit you have in your computer?

Intel GS45 Express Chipset in weaker laptop and nVidia 8600 256 MB in stronger. Electricity bill is not an issue, I've got it included in my rent.

EDIT: what sgminer version for Windows 7 would you recommend?

[kryptologist]

I really like all the stuff going on here. Silver coins, tree planting and trading platform Thanks for all the hard work from our dev!

I have been in contact with C-CEX and they are interested in listing this coin. I was told to get some people over in the C-CEX chat box to help support the coin. Particularly if the dev can pop in there we can be listed. We can be listed in a soon as 3 hours if they see support for this coin. I'm over there now talking about it. Feel free to join me.

https://c-cex.com/

[JP2GMD]

I really like all the stuff going on here.

Me too. Such a shame one has to wait for buy/sell order so long to come through 

[kryptologist]

Looks like they decided to add us:



https://c-cex.com/?p=cdt-btc

[alicea]

Looks like they decided to add us:



https://c-cex.com/?p=cdt-btc

Very nice I've just added this info to the OP.

[fartbags]

Looks like they decided to add us:



https://c-cex.com/?p=cdt-btc

Very nice I've just added this info to the OP.

Come talk on the chatbox there. Inform people about the coin so they know it isn't another one of the junk scam coins that they add.

[kryptologist]

Looks like they decided to add us:



https://c-cex.com/?p=cdt-btc

Very nice I've just added this info to the OP.

Come talk on the chatbox there. Inform people about the coin so they know it isn't another one of the junk scam coins that they add.

That would be so good if alicea could come talk in there. People trust devs that come and let them know we are a serious coin. Would be great for the coin and more people will get involved. Come say hi