wosch76
Legendary
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Activity: 942
Merit: 1026
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July 23, 2015, 08:17:41 AM |
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The new version of the SMLY wallet for Android has direct links to the tutor-web for earning SMLY and to an exchange where you can spend them.
sounds like great features. I'll have a look |
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gstefans (OP)
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July 23, 2015, 08:33:09 AM |
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Does anyone here have experience with publishing an app in the Google play store? We're thinking of publishing the Android wallet there and would appreciate any words of wisdom.
BTW We're also planning to indicate directly uses of the coins within the wallet, eg by linking to a web page or games accepting SMLY. The point being to give students more incentive: Earn SMLY by studying and spend them by purchasing new levels in a game. If you have pointers to an open source game which can be adapted to accept SMLY for in-game purchases, let us know.
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gstefans (OP)
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August 04, 2015, 02:36:41 PM |
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We have a difficulty issue again: One or more miners appear to have mining farms which automatically kick in with all their power when the SMLY difficulty drops and then automatically leave when the difficulty goes back up. This leads to the difficulty constantly bouncing up and down by a factor of 4.
So, in accordance with some of the suggestions above I propose that instead of a re-evaluation every 5 days (2400 blocks) and max-change of 4-fold, we re-evaluate every day (480 blocks) and reduce the max-change to 1.3-fold. This gives almost the same target 5-day behaviour (since 1.3^5=3.7) but is much simpler to apply.
Comments?
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dgmon
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August 08, 2015, 03:06:17 PM |
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OP says: Quantity: 50 billion
Algorithm: Scrypt
Time per block: 3 minutes (2400 blocks)
Block reward: 10 000 SMLY (halved after 7 years)
50% premine, used for student rewards
Annual reward targets: equal for students and miners
So, the premine should be 25 billion? But coinmarketcap http://coinmarketcap.com/currencies/smileycoin/ says: Available supply: 24,952,850,000 SMLY So... the premine hasn't finished yet? Much confuse. |
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gstefans (OP)
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August 08, 2015, 03:30:22 PM |
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OP says: Quantity: 50 billion
50% premine, used for student rewards
Annual reward targets: equal for students and miners
So, the premine should be 25 billion? But coinmarketcap http://coinmarketcap.com/currencies/smileycoin/ says: Available supply: 24,952,850,000 SMLY So... the premine hasn't finished yet? Much confuse. You are absolutely right, this is a bit sloppy. The premine was a little below 25 billion. It is lost somewhere in the thread above, but the formal premine (which you can find in the source code on github) was "only" 24 billion. Then we also did a small in-class experiment (about 1 week of mining which should give 2400 blocks or 24 million SMLY), so the full premine was 24 billion plus a few million mined during the experiment. We really wanted to do the in-class experiment with rewards before launching, just to know whether we were missing something. I guess I could have counted the exact number, but it felt simpler to just talk about 50% even though it is actually slightly less (more like 48%). Sorry for the confusion. |
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dgmon
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August 08, 2015, 04:17:06 PM |
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You are absolutely right, this is a bit sloppy. The premine was a little below 25 billion. It is lost somewhere in the thread above, but the formal premine (which you can find in the source code on github) was "only" 24 billion. Then we also did a small in-class experiment (about 1 week of mining which should give 2400 blocks or 24 million SMLY), so the full premine was 24 billion plus a few million mined during the experiment. We really wanted to do the in-class experiment with rewards before launching, just to know whether we were missing something.
I guess I could have counted the exact number, but it felt simpler to just talk about 50% even though it is actually slightly less (more like 48%).
Sorry for the confusion.
That's OK  So there are less than a billion non-premine coins out there? But that can't be, as I have more than a billion. So the coin supply figure on coinmarketcap must be totally off. EDIT: Sorry, I don't have more than a billion  Not good at counting! |
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gstefans (OP)
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August 08, 2015, 06:17:20 PM |
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You are absolutely right, this is a bit sloppy. The premine was a little below 25 billion. It is lost somewhere in the thread above, but the formal premine (which you can find in the source code on github) was "only" 24 billion. Then we also did a small in-class experiment (about 1 week of mining which should give 2400 blocks or 24 million SMLY), so the full premine was 24 billion plus a few million mined during the experiment. We really wanted to do the in-class experiment with rewards before launching, just to know whether we were missing something.
I guess I could have counted the exact number, but it felt simpler to just talk about 50% even though it is actually slightly less (more like 48%).
Sorry for the confusion.
That's OK So there are less than a billion non-premine coins out there? But that can't be, as I have more than a billion. So the coin supply figure on coinmarketcap must be totally off. EDIT: Sorry, I don't have more than a billion Not good at counting! Right, you shouldn't have a billion. If you look at coinplorer - at https://coinplorer.com/SMLY - then there are a few addresses where people have about 100 million stored, but nothing more than that. We're now mining block 96285 and except for the first few premine blocks, each has paid 10 000 SMLY so the total mined, in billions, should be 96285*10000/1e9 which gives 0.96285 and this (plus 24) is very close to the number given in coinmarketcap (the difference should just be that coinmarketcap correctly deletes the 10 K SMLY from the first few blocks). I can find the exact formula if needed. We should be mining half the potential in 7 years, i.e. 12.5/7=1.78 billion per year. We are about 8 months into the first year and don't quite have 1 billion yet. I believe this is due to the occasional spikes in difficulty, which takes so long to get back down again. Hopefully the change proposed above will alleviate this. The student rewards are starting off even slower: The plan was to do the same, i.e. give ca 1.8 billions in rewards per year, but the first large course to use the SMLY only starts in September and we've really just been testing how to adjust the rewards for different achievements. Therefore only about 3 million SMLY have been used in rewards so far, but I'm hoping that will take a bit of a jump already in September. It won't be anywhere close to a billion though. |
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gstefans (OP)
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August 13, 2015, 01:39:24 PM |
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An alternative to revising the difficulty computations is to implement a simpler change and just recompute every 3 hours instead of 5 days.
Does anyone see a problem with that?
That is just a 1-line change in the code and we can implement that before the next difficulty recalc.
Comments please!
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gstefans (OP)
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August 20, 2015, 09:59:16 PM |
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New wallets have been made available for Linux and Windows.
Please update your wallets.
A new Android wallet will be released shortly.
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gstefans (OP)
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August 23, 2015, 02:54:19 PM |
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The Android wallet has now been updated as well. The main mining pool has an updated wallet and the difficulty revision schedule has been upgraded. Make sure your wallet is up-to-date! New wallets have been made available for Linux and Windows.
Please update your wallets.
A new Android wallet will be released shortly.
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gstefans (OP)
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August 25, 2015, 07:25:54 PM |
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The Smileycoin Android wallet is now in the Google Play Store. Search for Smileycoin.
Also in the Play Store is a SmileyBubble game, an example of a game where the user can use the SMLY to buy extras.
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dgmon
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September 03, 2015, 06:16:41 PM
Last edit: October 09, 2015, 09:17:31 AM by dgmon |
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Keep up the good work, dev! BTW, I found a little error in the newest wallet https://i.imgur.com/wjRzAbK.png |
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dgmon
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October 09, 2015, 07:18:08 AM |
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Looks like SMLY's getting delisted from C-Cex! I expected this eventually as it's hard to keep up the volume they require, but apparently their SMLY wallet was down for like a month? So that wouldn't have helped matters. Let's vote on getting SMLY onto a competent exchange! https://www.cryptopia.co.nz/HomeAction/Voting |
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leonak
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October 09, 2015, 08:04:27 AM |
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SMLY is a great coin. What about to join forces with other bigger coins, or fresh up with fancy graphics and new style or website? I think this could make a difference...think about it |
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gstefans (OP)
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October 09, 2015, 09:32:33 AM |
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SMLY is a great coin. What about to join forces with other bigger coins, or fresh up with fancy graphics and new style or website? I think this could make a difference...think about it Thank you, these are all good ideas. We would need more volunteers but it might indeed make a difference :-) |
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gstefans (OP)
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October 09, 2015, 10:02:21 AM |
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Looks like SMLY's getting delisted from C-Cex! I expected this eventually as it's hard to keep up the volume they require, but apparently their SMLY wallet was down for like a month? So that wouldn't have helped matters. Let's vote on getting SMLY onto a competent exchange! https://www.cryptopia.co.nz/HomeAction/Votingcryptopia looks like a nice exchange and they don't seem to have the delisting issues at C-cex. I agree, let's vote for them to accept SMLY! We've send C-cex a detailed description of how to fix their wallet. Hopefully they will do that. |
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gstefans (OP)
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October 09, 2015, 02:17:08 PM |
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Looks like SMLY's getting delisted from C-Cex! I expected this eventually as it's hard to keep up the volume they require, but apparently their SMLY wallet was down for like a month? So that wouldn't have helped matters. Let's vote on getting SMLY onto a competent exchange! https://www.cryptopia.co.nz/HomeAction/Votingcryptopia looks like a nice exchange and they don't seem to have the delisting issues at C-cex. I agree, let's vote for them to accept SMLY! We've send C-cex a detailed description of how to fix their wallet. Hopefully they will do that. Voting is underway at https://www.cryptopia.co.nz/HomeAction/Voting and SMLY is number two. We have two days to complete the voting. We need your vote! |
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gstefans (OP)
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October 11, 2015, 08:16:33 AM |
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We've send C-cex a detailed description of how to fix their wallet. Hopefully they will do that.
The C-cex wallet is now up to date and fully synced. Thank you! |
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gstefans (OP)
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October 11, 2015, 09:09:47 AM |
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Looks like SMLY's getting delisted from C-Cex! I expected this eventually as it's hard to keep up the volume they require, but apparently their SMLY wallet was down for like a month? So that wouldn't have helped matters. Let's vote on getting SMLY onto a competent exchange! https://www.cryptopia.co.nz/HomeAction/Votingcryptopia looks like a nice exchange and they don't seem to have the delisting issues at C-cex. I agree, let's vote for them to accept SMLY! Voting is underway at https://www.cryptopia.co.nz/HomeAction/Voting and SMLY is number two. We are still voting: We are in the top 3 and still need your vote! |
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