NSA360
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December 04, 2014, 01:37:40 PM |
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#CRYPT #BESTNAME #SHITCOINS
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tkon3
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December 04, 2014, 01:41:49 PM |
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We probably will break th 3.5k today! Weeeeee This plus a wallet release soon
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CryptCoinTeam (OP)
Newbie
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Activity: 44
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December 04, 2014, 04:41:20 PM |
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We probably will break th 3.5k today! Weeeeee This plus a wallet release soon What we mean by the coming soon under the wallets section is that we are going to re-upload the previous wallets back online, seems that the files aren't hosted anymore. We will do this during this week. Thanks, CryptCoinTeam
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CryptoNick
Legendary
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Activity: 987
Merit: 1003
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December 04, 2014, 05:00:22 PM |
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at Block 333391 there is only 1,081,531.25 in coins left to be mined. That is where we are now. Hmmm the Crypt announcement is wrong? https://bitcointalk.org/index.php?topic=881008.msg9718978#msg9718978 It says 11 Million Coins but add up to 14.75 Million? Distribution: X11 Algorithm Total Coins: 11,000,000 Block Rewards: Block 1 to 2000: 2000 x 500 per block = 1,000,000 Block 2001 to 4000: 1999 x 250 per block = 499,750 Block 4001 to 12000: 7999 x 125 per block = 999,875 Block 12001 to 48000: 35,999 x 62.5 per block = 2,249,937.5 Longest period of PoW started on 6/27/14... Block 48001 to 368000: 319,999 x 31.25 per block = 9,999,968.75 Total Coin Supply according to the Crypt Thread is 14,749,531.25 Even if I take all 368000 blocks and multiply them by the lowest block total 31.25 it equals 11,500,000. From 48001 is the timeframe I am talking about and it was 159 days or 5 months 6 days from the start of block 48001. If you take 10,000,000 and subtract 1,081,531.25 you get 8,918,468.75 mined in 159 days. So divide 8,918,468.75 by 159 to get an average of guess what... 56090.998427672955974842767295597 So you have 56,000 coins per day being mined. So tell me how you can only have 11 Million coins total when the last block payouts equal 10 Million alone? So 50K is their averaged take away based on SuchPool.pw earnings in one day. You can say less was mined by the hash that was not listed on any pools but not by much. Everyone had left the pools. Yet the Diff spiked to 1400 and 1600. Making it very hard for other miners to compete. Who was this hash? How much coin do you think they have? When you can actually look at the pools and see how little was paid vs how many blocks were found each day. It is that simple. I saw it day after day month after month. The Diff was higher earlier so the average may have been less but it was just as effective in discouraging miners since the coin was so cheap it would not support the costs of power! This is a tactic and now you want to revive the coin for this groups tactical advantage. I saw the massive hash the pools were facing so you can argue about the amount of coin and who it really was, but this group was staking too and must own a considerable amount of coin. The hash eventually slowly trickled down to 2Ghash since there was no competition. No interest from miners based on market prices, and only someone who profited from the Dump would sustain that amount of hash for the means to their end game. Prove me wrong here, please! Since it looks like I may have found something that was overlooked since we are on block 333,390 when I wrote this. Your analysis reminded me chidish joke, how to prove one has 11 fingers on his hands : On left hand i have 10th finger, 9th finger, 8th finger, 7th finger and 6th finger - so 6. On right hand i have 5 fingers. So 6 + 5 = 11! Eleven fingers, prove me im wrong !!! Its easy with crypt: Fact: There is 5,731,614 CRYPT at block 333687. Just look at explorer. Fact: There is 368000 - 333687 = 34313 blocks to be found till POW phase ends. Fact: There is 34313 * 31.25 = 1,072,281.25 of possible POW coins yet to be mined. Fact: 3 of 4 blocks found are POS blocks. Just look at extraction at block explorer. It says there was ~75% POS blocks of last 1000 of blocks. Fact: POS block do not generate POW reward. So there is 1,072,281.25 * (1/4) ~ 268,000 POW coins yet to be mined. This leads me to total number of CRYPT available at the end of POW phase: 5,731,614 plus like 268,000 -> ~6,000,000 CRYPT at block 368000Its same with any POW + POS coin. Total coins (in case of CRYPT 14.75M) is just theoretical maximum of coins that could be mined if there are no POS blocks. Im just wondering that so respected member of cryptocoin comunity lacks basic knowledge on how coin works . EDIT: Even if CAP is 11M instead of 14.75M this does not change fact, that there will be only 6M when pow ends BTW its interesting for POW POS coins: When more coins is minting, then more POS blocks is found -> then less POW blocks is found -> then less coins is generated -> the more valuable existing coins will be. Oh ok, I just forgot about PoS going on, thanks for explaining! The hash was still there so at the least they own a good percentage of what was being mined combined with PoS then. No big deal though pay the bastards off. Good luck New Dev Team! I hope the coin goes back to 280K...
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knightlife999
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December 04, 2014, 05:46:34 PM Last edit: December 04, 2014, 06:22:10 PM by knightlife999 |
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Thanks for your support guys. I'm also glad you were able to work out the PoW/PoS conundrum. Thank you BBZ for clearing that up. I'm happy to see that you are cool with things as they are Nick. Regardless of what the old devs do, we are moving forward. With all of your support, as a team, we will make Crypt into the coin we want it to be. It's a project that we all can be a part of now. Quick update:We're going to be setting up weekly community meetings in irc so that you can participate in the development process. I'll update you soon with more specifics.
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magaura
Legendary
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Activity: 1029
Merit: 1000
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December 04, 2014, 07:17:03 PM |
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Just never say here -soon- ..Kidding.. Have a good job! HODL
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NSA360
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December 04, 2014, 08:09:48 PM |
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We are going in the right track! Do not lose control
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friendfromnobody
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December 04, 2014, 08:15:10 PM |
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please trade on bittrex, i cant trade on cryptsy looks like the crypt team is on cryptsy .
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NSA360
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December 04, 2014, 08:20:11 PM |
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please trade on bittrex, i cant trade on cryptsy looks like the crypt team is on cryptsy . LOL you cant handle the bots
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friendfromnobody
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December 04, 2014, 08:23:41 PM |
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bots? look at the price , i want cryptsy price 2,7 k cryptsy 3,4 k bittrex
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NSA360
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December 04, 2014, 08:27:03 PM |
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I know what im saying Anyway, glad to see crypt with this life
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Waldozaur12
Legendary
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Activity: 1223
Merit: 1000
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December 04, 2014, 08:29:19 PM |
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Back to 0.01$ on bittrex Soon 1 $
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NSA360
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December 04, 2014, 08:32:14 PM |
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Back to 0.01$ on bittrex Soon 1 $ Lets go #crypt ! You have the #bestname of all #altcoins !
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Uran0s
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December 04, 2014, 08:42:38 PM |
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please trade on bittrex, i cant trade on cryptsy looks like the crypt team is on cryptsy . Feg, why cant you trade at cryptsy? it has usually bigger crypt's volume than bittrex, at least for last few weeks.
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friendfromnobody
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December 04, 2014, 08:46:27 PM |
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please trade on bittrex, i cant trade on cryptsy looks like the crypt team is on cryptsy . Feg, why cant you trade at cryptsy? it has usually bigger crypt's volume than bittrex, at least for last few weeks. i dont have the documents
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tkon3
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December 04, 2014, 08:47:55 PM |
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? You need documents to trade on Cryptsy now ?
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friendfromnobody
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December 04, 2014, 08:53:20 PM |
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? You need documents to trade on Cryptsy now ? id or paspoort
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tkon3
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December 04, 2014, 08:54:12 PM |
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? You need documents to trade on Cryptsy now ? id or paspoort No need document to deposit BTC/Crypt
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BBZ
Newbie
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Activity: 42
Merit: 0
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December 04, 2014, 08:57:59 PM |
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? You need documents to trade on Cryptsy now ? id or paspoort All markets are for everyone, except USD markets. No need for IDs for non USD markets
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friendfromnobody
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December 04, 2014, 08:58:30 PM |
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? You need documents to trade on Cryptsy now ? id or paspoort No need document to deposit BTC/Crypt realy? but why they ask it ?
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