[ANN][EAGS]EagsCurrency - FULL POS [EXCHANGES] ~FREE DIST. PROMO ENDED!

[mblados]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

[1715193594]

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[1715193594]

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[1715193594]

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[doeboy1023]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

Damn already! I guess I'll just have to stake my way to millions. lol 

[mblados]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

Damn already! I guess I'll just have to stake my way to millions. lol 

Yes! We are now Going FULL POS ! ! !

[cintrondigital]

Im looking for some retweets
https://twitter.com/ManhattanMine/status/555242309730594817

[drays]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

Please excuse my ignorance, but how this could be..?!

1. OP stated: starting on Jan 5, mining phase duration ~15 days. Jan 5 + 15 gives "Jan 20", not "Jan 14", so how the PoW could be over?

2. OP states:
POW COINS: 10,445,500
FAIR LAUNCH: 0 Block Reward after 1st Block - to 201 blocks | 60 Block Reward from 202 - to 2202 | and then Normal Block Reward
BLOCK REWARD: 205

My calculations show that last block would be around 52,570. The calculation based on this: (10,445,500 - 60*(2,202-202) ) / 205 + 2,202. The current block is just 24,368. So how the mining phase could be over?

Is there any error in these calculations?

Am asking mostly to make this clear to myself, as I am confused by this unexpected termination of mining...

[JP_Labs]

I regret my ignorance but I can not understand the difference between a POW and POS phase. Someone can give me a simple explanation, and how it affects a coin? 

[jasemoney]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

Please excuse my ignorance, but how this could be..?!

OP stated: starting on Jan 5, mining phase duration ~15 days. Jan 5 + 15 gives "Jan 20", not "Jan 14", so how the PoW could be over?

Alternatively: OP states:
POW COINS: 10,445,500
FAIR LAUNCH: 0 Block Reward after 1st Block - to 201 blocks | 60 Block Reward from 202 - to 2202 | and then Normal Block Reward
BLOCK REWARD: 205

My calculations show that last block would be around 52,570. The calculation based on this: (10,445,500 - 60*(2,202-202) ) / 205 + 2,202. The current block is just 24,368. So hos the mining phase could be over?

Is there any error in these calculations?

Am asking mostly to make this clear to myself, as I am confused by this unexpected termination of mining...

your going by time, the code goes by the blocks

int64_t nSubsidy = 0 * COIN;
if (pindexBest->nHeight == 1)
{
nSubsidy = 6000000 * COIN; // 60% of the 10 millions on 1st Block as stated  (Premine as stated for block 1)
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 201)  (Anti instamine 200 blocks no reward)
{
nSubsidy = 0 * COIN; // ~3 hours mining
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 2202)   (allow difficulty to settle, anti instamine 2000 blocks)
{
nSubsidy = 60 * COIN; // ~1 day and few hours mining
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 23303)  (21000 blocks at 205 coins)
{
nSubsidy = 205 * COIN; // ~14 days and few hours mining period
return nSubsidy + nFees;
}
else
{
nSubsidy = 0 * COIN;
return nSubsidy + nFees;

so because high hash hit this it moved quicker than expected, or the diff retarget was not perfect. either way the coin code goes by blocks and attempts to guess how long that will take, not by time

[jasemoney]

I regret my ignorance but I can not understand the difference between a POW and POS phase. Someone can give me a simple explanation, and how it affects a coin?  

POW is Proof of Work, every person attempts to solve the hash calculation with their computer or miner, they randomly try various nounces (numbers) until the result of that calculation has a bunch of zeros before any other character.  hash of previous + nounce = 000000eY65hfgjys  if there are enough leading zero's to meet the current difficulty the person broadcasts their solution to the network and are awarded coins. we can use maths to figure out that a certain number of people would have to work for a certain period of time before anyone happens to solve the equation. this is Proof that Work was done to find the solution.

POS is Proof of Stake, the network no longer accepts solutions from mining the hashes through traditional Proof of Work, now any submitted solution must be associated to a known input (part of your balance of coins) as you hold onto coins and they become older in your wallet they are said to weigh more, the higher the weight the more likely you are to submit them with a low difficulty pow solution. your coins weight resets to zero for coins tied to a solution you submit and after they age again you can solve another block. You have effectively Proven your Stake in a coin by holding it without moving or spending, and leaving your wallet open.

(sorry this is very low tech explanation feel free to google search POS or POW)

[JP_Labs]

I am grateful for the explanation. In this case then mine eags is no longer possible and thus it will become a rare coin? If so, which makes desirable a rare coin? Is this the benefit of the pow stopped and pass for pos so there are not many eags in the market? Are weird concepts for those who always mined bitcoins... Youtubing it now.

[jasemoney]

I am grateful for the explanation. In this case then mine eags is no longer possible and thus it will become a rare coin? If so, which makes desirable a rare coin? Is this the benefit of the pow stopped and pass for pos so there are not many eags in the market? Are weird concepts for those who always mined bitcoins... Youtubing it now.

its just a different way to secure the network and make sure that transactions process smoothly. POS doesnt require miners wasting electricity, it just requires holding some coins for a period of time, and keeping the wallet open. of course there are some shortcomings with POS just as there is with POW.
There are 10 million EAGS so they will be on exchanges, a coin being POS does not make it harder to buy or rarer to find. If its a good coin it will be on exchanges, and the price will reflect peoples confidence in it.
The marketcap for EAGS is 10-15 thousand USD depending on if your buying or selling
Currently on c-cex.com exchange people are selling EAGS, 1 EAG would cost over 800 satoshi to buy, and other people buying EAGS where 1 EAG could be sold for under 500 satoshi. the only limiting factor is that if you have a lot of cpu, gpu, or asic. you can not turn electricity into EAGS like you can with POW coins.  
Have a nice day,
-J

[drays]

EAGS POW MINING PHASE IS OVER ! ! !

UPDATING THE OP ! ! !

Please excuse my ignorance, but how this could be..?!

OP stated: starting on Jan 5, mining phase duration ~15 days. Jan 5 + 15 gives "Jan 20", not "Jan 14", so how the PoW could be over?

Alternatively: OP states:
POW COINS: 10,445,500
FAIR LAUNCH: 0 Block Reward after 1st Block - to 201 blocks | 60 Block Reward from 202 - to 2202 | and then Normal Block Reward
BLOCK REWARD: 205

My calculations show that last block would be around 52,570. The calculation based on this: (10,445,500 - 60*(2,202-202) ) / 205 + 2,202. The current block is just 24,368. So hos the mining phase could be over?

Is there any error in these calculations?

Am asking mostly to make this clear to myself, as I am confused by this unexpected termination of mining...

your going by time, the code goes by the blocks

int64_t nSubsidy = 0 * COIN;
if (pindexBest->nHeight == 1)
{
nSubsidy = 6000000 * COIN; // 60% of the 10 millions on 1st Block as stated  (Premine as stated for block 1)
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 201)  (Anti instamine 200 blocks no reward)
{
nSubsidy = 0 * COIN; // ~3 hours mining
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 2202)   (allow difficulty to settle, anti instamine 2000 blocks)
{
nSubsidy = 60 * COIN; // ~1 day and few hours mining
return nSubsidy + nFees;
}
else if (pindexBest->nHeight <= 23303)  (21000 blocks at 205 coins)
{
nSubsidy = 205 * COIN; // ~14 days and few hours mining period
return nSubsidy + nFees;
}
else
{
nSubsidy = 0 * COIN;
return nSubsidy + nFees;

so because high hash hit this it moved quicker than expected, or the diff retarget was not perfect. either way the coin code goes by blocks and attempts to guess how long that will take, not by time

High hash cannot make this move faster, if the difficulty retargeting is implemented correctly. When the hasrate increases, the difficulty increases accordingly, so correct implementation has to ensure the blocks are generated evenly, according to time schedule (BLOCK TIME: 1 minute, as its written in OP)...

Thanks for posting the source code. Its pretty strange to see this "~14 days and few hours mining period" sentence repeated here, and at the same time the max PoW block is set to 23,303. This does not correspond to each other. However the "14 days" thing is just a comment, while the block 23,303 is coded, so it worked as coded.
This just brings to the conclusion, that the Dev's did not realize the timing correctly, and the OP is messed up (both the source code and the OP contradict to themselves).

EDIT: looking more carefully into the OP, I noticed see one more contradiction, which explains the early termination of mining: "-Miners: 40% of the 10 millions + the 445,500"!! So miners get just 40% of PoW coins, while the rest is taken by some investors: "XDE ICO INVETORS AND OTHERS: 60% of the 10 millions". So why then those 10,445,500 coins are called "PoW coins", if the 60% of them is going not to miners, but to someone else..? Strange... Either OP is messed up, or there are language issues... English is not my primary language, but I am not sure that is the only reason of the mess I see...

[mblados]

High hash cannot make this move faster, if the difficulty retargeting is implemented correctly. When the hasrate increases, the difficulty increases accordingly, so correct implementation has to ensure the blocks are generated evenly, according to time schedule (BLOCK TIME: 1 minute, as its written in OP)...

Thanks for posting the source code. Its pretty strange to see this "~14 days and few hours mining period" sentence repeated here, and at the same time the max PoW block is set to 23,303. This does not correspond to each other. However the "14 days" thing is just a comment, while the block 23,303 is coded, so it worked as coded.
This just brings to the conclusion, that the Dev's did not realize the timing correctly, and the OP is messed up (both the source code and the OP contradict to themselves).

EDIT: looking more carefully into the OP, I noticed see one more contradiction, which explains the early termination of mining: "-Miners: 40% of the 10 millions + the 445,500"!! So miners get just 40% of PoW coins, while the rest is taken by some investors: "XDE ICO INVETORS AND OTHERS: 60% of the 10 millions". So why then those 10,445,500 coins are called "PoW coins", if the 60% of them is going not to miners, but to someone else..? Strange... Either OP is messed up, or there are language issues... English is not my primary language, but I am not sure that is the only reason of the mess I see...

Hey! Nothing is a mess. You forgot abt the POS Blocks, those blocks speed up the end of the POW Phase. Like Jasemoney said, the code goes by the Blocks.
If the POS was going to start right after the POW, then the mining phase should take ~15 days. Read the SRC carefully

2000 blocks - 60 reward/ block  ~1 day mining

21100 blocks - 205 reward/ block ~ 14 days

then 14 + 1 = ~15 days

The 1st Block has to be mined so it is part of the POW.

[drays]

High hash cannot make this move faster, if the difficulty retargeting is implemented correctly. When the hasrate increases, the difficulty increases accordingly, so correct implementation has to ensure the blocks are generated evenly, according to time schedule (BLOCK TIME: 1 minute, as its written in OP)...

Thanks for posting the source code. Its pretty strange to see this "~14 days and few hours mining period" sentence repeated here, and at the same time the max PoW block is set to 23,303. This does not correspond to each other. However the "14 days" thing is just a comment, while the block 23,303 is coded, so it worked as coded.
This just brings to the conclusion, that the Dev's did not realize the timing correctly, and the OP is messed up (both the source code and the OP contradict to themselves).

EDIT: looking more carefully into the OP, I noticed see one more contradiction, which explains the early termination of mining: "-Miners: 40% of the 10 millions + the 445,500"!! So miners get just 40% of PoW coins, while the rest is taken by some investors: "XDE ICO INVETORS AND OTHERS: 60% of the 10 millions". So why then those 10,445,500 coins are called "PoW coins", if the 60% of them is going not to miners, but to someone else..? Strange... Either OP is messed up, or there are language issues... English is not my primary language, but I am not sure that is the only reason of the mess I see...

Hey! Nothing is a mess. You forgot abt the POS Blocks, those blocks speed up the end of the POW Phase. Like Jasemoney said, the code goes by the Blocks.
If the POS was going to start right after the POW, then the mining phase should take ~15 days. Read the SRC carefully

2000 blocks - 60 reward/ block  ~1 day mining

21100 blocks - 205 reward/ block ~ 14 days

then 14 + 1 = ~15 days

The 1st Block has to be mined so it is part of the POW.

Yup, I guess you are right - the reason of the early PoW finish is the PoS going in parallel. I forgot to take that into account.

So what we have now: for the PoW we could have had 4,445,500 coins (OP states: "Miners: 40% of the 10 millions + the 445,500"), but now ended up with much less coins mined (mining took about 9 days instead of 15, so PoW miners got about 4,445,500 * 9 / 15 = 2,667,300 coins + some coins generated by PoS, I guess it would not exceed 3,000,000 coins in total). What will be with the rest about 1,500,000 coins supposed to be in PoW, but not mined in PoW phase..? Will they be distributed other ways? Or they will be discarded, thus decreasing the overall coin supply and increasing the value..?

[mblados]

Yup, I guess you are right - the reason of the early PoW finish is the PoS going in parallel. I forgot to take that into account.

So what we have now: for the PoW we could have had 4,445,500 coins (OP states: "Miners: 40% of the 10 millions + the 445,500"), but now ended up with much less coins mined (mining took about 9 days instead of 15, so PoW miners got about 4,445,500 * 9 / 15 = 2,667,300 coins + some coins generated by PoS, I guess it would not exceed 3,000,000 coins in total). What will be with the rest about 1,500,000 coins supposed to be in PoW, but not mined in PoW phase..? Will they be distributed other ways? Or they will be discarded, thus decreasing the overall coin supply and increasing the value..?

The POS is now ~12 millions and something instead of 10 millions. Everything was based on Estimation. The OP is being updated just stay tuned. Thanks!

[mblados]

EAGS BCT AND TWITTER PROMO CAMPAIGNS START ON JAN. 20th to JAN. 27th!

[bitbollox]

Hi just wondered when xde investors get there free eags and how? cheers

[cintrondigital]

If you mined on http://eags.manhattanmine.com - Please withdraw you coins. The pool is marked for closure. Thanks for mining with us.

[gkv9]

Hi just wondered when xde investors get there free eags and how? cheers

Please read the XDE OP... The google form has been put up for everyone to fill it with the required information, just be quick as the shares will be distributed on January 18th... Also, here's the link: http://goo.gl/forms/dI1aDGubMX

[doeboy1023]

Dice site up? Anything? Lets keep the momentum going!

[gkv9]

Dice site up? Anything? Lets keep the momentum going!

Not yet, but will be up soon... As there are still more developments to come, I don't think that this has to do anything with games currently as the wallet's upgraded version is gonna get released and dice will be second preference based on Road Map...