[ANN] Kryptohash | Brand new PoW algo | 320bit hash | ed25519 | PID algo for dif

[KryptoKash]

I like the name of this coin

[frontier8]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

[wr104]

Quote from KryptoKash
    I like the name of this coin

Now, THAT is a good name  

[Videlicet]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

Nothing is ASIC resistant - if it gets big enough - ASICS will come 

Thank You,
Viz.

[Riseman]

if it gets big enough - ASICS will come 

So the best ASIC protection is a new algo and complete absence of adoption I.e. to be an Evasive Joe of crypto world.

[Ri_Ri]

Help me please  I have GTX 650 Ti video and Intel Core i5 4570 cpu. Is It possible to mine this currency? Will it be profitably?

[GoldenBTC]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

Nothing is ASIC resistant - if it gets big enough - ASICS will come  

Thank You,
Viz.

yeah,ASICs won't come until it's profitable enough.
I am looking forward to that day when ASICs come. 

[WORE]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

Nothing is ASIC resistant - if it gets big enough - ASICS will come  

Thank You,
Viz.

yeah,ASICs won't come until it's profitable enough.
I am looking forward to that day when ASICs come. 

Pretty sure dev is too, I'm sure he would rather enjoy being tested when he just releases a mandatory wallet update with the algo modified.

[Videlicet]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

Nothing is ASIC resistant - if it gets big enough - ASICS will come  

Thank You,
Viz.

yeah,ASICs won't come until it's profitable enough.
I am looking forward to that day when ASICs come. 

Pretty sure dev is too, I'm sure he would rather enjoy being tested when he just releases a mandatory wallet update with the algo modified.

You're right, that's the only way to do it.

Regards,
Viz.

[public_key]

I like the name of this coin

no doubt that KHC is good coin with brand new ASIC resistant aglo,devoted Dev,but weak marketing and weak promotion.

Nothing is ASIC resistant - if it gets big enough - ASICS will come  

Thank You,
Viz.

yeah,ASICs won't come until it's profitable enough.
I am looking forward to that day when ASICs come. 

Pretty sure dev is too, I'm sure he would rather enjoy being tested when he just releases a mandatory wallet update with the algo modified.

I think we don't need to consider that in the near future.

[wr104]

Current version of KSHAKE320 algorithm requires 64Kb per hash.  I could change it to require 128Kb+ on a dime.

But, what limits the speed of the algorithm is not the amount of RAM but, the speed you can store/read data to/from RAM.  If in the future, new RAM technology allows for very fast memory that is also affordable then, the KSHAKE320 algorithm may no longer offer an advantage over regular hashing algorithms.

[WORE]

Current version of KSHAKE320 algorithm requires 64Kb per hash.  I could change it to require 128Kb+ on a dime.

But, what limits the speed of the algorithm is not the amount of RAM but, the speed you can store/read data to/from RAM.  If in the future, new RAM technology allows for very fast memory that is also affordable then, the KSHAKE320 algorithm may no longer offer an advantage over regular hashing algorithms.

Word to the wise, don't telegraph your punches.

[Riseman]

From the OP.

Block reward (or subisidy) is paid to miners using the following schema:

Code:

Blocks: 0 to 99 -> A fixed subsidy of 50 KHCs.
Blocks: 100 to 999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 399 KHCs.
Blocks: 1,000 to 9,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 199 KHCs.
Blocks: 10,000 to 99,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 99 KHCs.
Blocks: 100,000 to 124,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 49 KHCs.
Blocks: 125,000+ -> A fixed subsidy of 50 KHCs.

That said, we are almost at block 20,000.  You can expect around 1,000,000 new KHCs every 10,000 blocks until we reach the block number 120,000th.  At block 125,000th there will be aprox. 12,800,000 KHCs.  
After that it will be straight forward to calculate.  50 KHCs per block unless the community votes to lower the rewards starting at block 250,000 and beyond.

To my mind infinite inflation is not good for the price. Will it be possible to vote for a zero block reward?

[wr104]

From the OP.

Block reward (or subisidy) is paid to miners using the following schema:

Code:

Blocks: 0 to 99 -> A fixed subsidy of 50 KHCs.
Blocks: 100 to 999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 399 KHCs.
Blocks: 1,000 to 9,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 199 KHCs.
Blocks: 10,000 to 99,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 99 KHCs.
Blocks: 100,000 to 124,999 -> A fixed subsidy of 50 KHCs plus a random subsidy of 0 to 49 KHCs.
Blocks: 125,000+ -> A fixed subsidy of 50 KHCs.

That said, we are almost at block 20,000.  You can expect around 1,000,000 new KHCs every 10,000 blocks until we reach the block number 120,000th.  At block 125,000th there will be aprox. 12,800,000 KHCs.  
After that it will be straight forward to calculate.  50 KHCs per block unless the community votes to lower the rewards starting at block 250,000 and beyond.

To my mind infinite inflation is not good for the price. Will it be possible to vote for a zero block reward?

It will never be zero as it makes the coin deflationary.  Remember that coins can be lost as well. As a matter of fact, I lost around 200 KHC forever just last week after one of my VMs with a test wallet got corrupted.

[Riseman]

It will never be zero as it makes the coin deflationary.

Why don't you like deflation? BTC works this way.

[wr104]

I'm not going to get into the whole Economics theory on this thread but, here is a brief explanation.

Inflation is bad only when the monetary supply increases faster than the demand for it. As long as you keep inflation in check, things will be okay.

On the other hand, deflation could be destructive. Sure, it results in an increase in the value of a currency. But, this higher price encourages people to hoard their money (why spend money today, if prices will be lower tomorrow?).
In economies with deflationary periods, the demand falls as people wait for lower prices. When the deflation persists, you get a deflationary death spiral. The reduction of demand causes companies profits to drop which causes layoffs; the contraction of the labor force causes a drop in wages; all of these cause the demand to drop even more. Rinse and repeat.

Bottom line: Economists don't like inflation but, they are terrified of deflation.


About BTC: There are people already predicting that in the future BTC will suffer from the dilemma known as the "Tragedy of the Commons ", if they don't change this deflationary schema.

[Videlicet]

I'm not going to get into the whole Economics theory on this thread but, here is a brief explanation.

Inflation is bad only when the monetary supply increases faster than the demand for it. As long as you keep inflation in check, things will be okay.

On the other hand, deflation could be destructive. Sure, it results in an increase in the value of a currency. But, this higher price encourages people to hoard their money (why spend money today, if prices will be lower tomorrow?).
In economies with deflationary periods, the demand falls as people wait for lower prices. When the deflation persists, you get a deflationary death spiral. The reduction of demand causes companies profits to drop which causes layoffs; the contraction of the labor force causes a drop in wages; all of these cause the demand to drop even more. Rinse and repeat.

Bottom line: Economists don't like inflation but, they are terrified of deflation.


About BTC: There are people already predicting that in the future BTC will suffer from the dilemma known as the "Tragedy of the Commons ", if they don't change this deflationary schema.

Good post - I like your perspectives

Take Care,
Viz.

[lowvoltage]

I'm not going to get into the whole Economics theory on this thread but, here is a brief explanation.

Inflation is bad only when the monetary supply increases faster than the demand for it. As long as you keep inflation in check, things will be okay.

On the other hand, deflation could be destructive. Sure, it results in an increase in the value of a currency. But, this higher price encourages people to hoard their money (why spend money today, if prices will be lower tomorrow?).
In economies with deflationary periods, the demand falls as people wait for lower prices. When the deflation persists, you get a deflationary death spiral. The reduction of demand causes companies profits to drop which causes layoffs; the contraction of the labor force causes a drop in wages; all of these cause the demand to drop even more. Rinse and repeat.

Bottom line: Economists don't like inflation but, they are terrified of deflation.


About BTC: There are people already predicting that in the future BTC will suffer from the dilemma known as the "Tragedy of the Commons ", if they don't change this deflationary schema.

The question now is how will you increase the demand for this coin?

[wr104]

Let's not put the cart before the horse. Coin has to first survive the dumpers.

I hope that once we get to the block 100,000th, dumpers will be long gone and there would be enough transactions to keep the coin going on its own.

[lowvoltage]

Let's not put the cart before the horse. Coin has to first survive the dumpers.

I hope that once we get to the block 100,000th, dumpers will be long gone and there would be enough transactions to keep the coin going on its own.

The later KHC is listed on bigger exchange,the more dumpers.