[BITZ] The Only 10% PoS Crypto to have

[drays]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

Well, it is not a 100% conclusion, but more of a guess based on few factors:
Here they are:
1. There is no limitation in the function where it is usually set: in GetProofOfWorkReward()
2. Dev (you) did not point to the exact place in the code where the limitation it is set (the only value in main.h equal to 1000000, is MAX_BLOCK_SIZE, which has nothing to do with PoW block limitation as far as I know)
3. No other places found during basic search...

Still, I have no problem accepting you are right and there is a limitation, but please show that, if it is indeed there. I am not FUD'ding, and definitely have nothing against your coin, its just interesting for me as a programmer; though I have extensive c++ background, I am not very familiar with qt-wallet structure

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[EBK1000]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

Well, it is not a 100% conclusion, but more of a guess based on few factors:
Here they are:
1. There is no limitation in the function where it is usually set: in GetProofOfWorkReward()
2. Dev (you) did not point to the exact place in the code where the limitation it is set (the only value in main.h equal to 1000000, is MAX_BLOCK_SIZE, which has nothing to do with PoW block limitation as far as I know)
3. No other places found during basic search...

Still, I have no problem accepting you are right and there is a limitation, but please show that, if it is indeed there. I am not FUD'ding, and definitely have nothing against your coin, its just interesting for me as a programmer; though I have extensive c++ background, I am not very familiar with qt-wallet structure

It should be static const unsigned int MAX_BLOCK_SIZE = 1000000; if you disagree then please explain further

[GlitterRush]

i am going to buy some bitz now see how this goes

[drays]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

Well, it is not a 100% conclusion, but more of a guess based on few factors:
Here they are:
1. There is no limitation in the function where it is usually set: in GetProofOfWorkReward()
2. Dev (you) did not point to the exact place in the code where the limitation it is set (the only value in main.h equal to 1000000, is MAX_BLOCK_SIZE, which has nothing to do with PoW block limitation as far as I know)
3. No other places found during basic search...

Still, I have no problem accepting you are right and there is a limitation, but please show that, if it is indeed there. I am not FUD'ding, and definitely have nothing against your coin, its just interesting for me as a programmer; though I have extensive c++ background, I am not very familiar with qt-wallet structure

It should be static const unsigned int MAX_BLOCK_SIZE = 1000000; if you disagree then please explain further

This is completely different parameter. It is just the max size of a single block (in bytes), as explained here for example: https://bitcointalk.org/index.php?topic=122009.msg1312701#msg1312701. It is not used to limit the number of blocks.

[SalimNagamato]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

Well, it is not a 100% conclusion, but more of a guess based on few factors:
Here they are:
1. There is no limitation in the function where it is usually set: in GetProofOfWorkReward()
2. Dev (you) did not point to the exact place in the code where the limitation it is set (the only value in main.h equal to 1000000, is MAX_BLOCK_SIZE, which has nothing to do with PoW block limitation as far as I know)
3. No other places found during basic search...

Still, I have no problem accepting you are right and there is a limitation, but please show that, if it is indeed there. I am not FUD'ding, and definitely have nothing against your coin, its just interesting for me as a programmer; though I have extensive c++ background, I am not very familiar with qt-wallet structure

It should be static const unsigned int MAX_BLOCK_SIZE = 1000000; if you disagree then please explain further

MAX_BLOCK_SIZE is the maximum size of a block in bytes. AFAIK

[drays]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

There is no end to a POW coin. The reward just get down to where you are just mining the transaction fees.

So do you think there is no need to limit the reward starting from 1000000, as stated in OP?

I was thinking it might make sense to replace this:

int64_t GetProofOfWorkReward(int64_t nFees)
{
   int64_t nSubsidy = 35 * COIN;
   if (fDebug && GetBoolArg("-printcreation"))
      printf("GetProofOfWorkReward() : create=%s nSubsidy=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nSubsidy);
   return nSubsidy + nFees;
}

by this

int64_t GetProofOfWorkReward(int64_t nFees)
{
   int64_t nSubsidy = 0 * COIN;
   if (pindexBest->nHeight+1 <= 1000000)
   {
      nSubsidy = 35 * COIN;
   }

   if (fDebug && GetBoolArg("-printcreation"))
      printf("GetProofOfWorkReward() : create=%s nSubsidy=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nSubsidy);
   
   return nSubsidy + nFees;
}

So it matches the description in OP...

Otherwise it would give 35 coins (+fees) per block forever, isn't it..?

[SalimNagamato]

also MAX_MONEY is only 18000000
should be fixed as well unless im wrong

[SalimNagamato]

Specs.

Algo: X11 Pow/PoS hybrid
Total number of coins: ~45.000.000 after eons of time
PoW ends at block 1000000: ~ 35.000.000 coins
Coins rewarded per block (PoW): 35
Time per block: ~ 1 minute
Difficulty Re-target: 10-20 minutes
PoS 10% per year from block 0

where in the code does it say, about last POW block is 1000000 ?
help me find it please

Hmmm... Thats good question... I guess the correct answer is - nowhere  
The number of PoW blocks is not limited, so either the Dev doesn't think the coin will exist for so long time, or a hard fork with mandatory wallet update is coming soon...

So, please explain how you reached the conclusion that there is no end to the POW?

There is no end to a POW coin. The reward just get down to where you are just mining the transaction fees.

So do you think there is no need to limit the reward starting from 1000000, as stated in OP?

I was thinking it might make sense to replace this:

int64_t GetProofOfWorkReward(int64_t nFees)
{
   int64_t nSubsidy = 35 * COIN;
   if (fDebug && GetBoolArg("-printcreation"))
      printf("GetProofOfWorkReward() : create=%s nSubsidy=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nSubsidy);
   return nSubsidy + nFees;
}

by this

int64_t GetProofOfWorkReward(int64_t nFees)
{
   int64_t nSubsidy = 0 * COIN;
   if (pindexBest->nHeight+1 <= 1000000)
   {
      nSubsidy = 35 * COIN;
   }

   if (fDebug && GetBoolArg("-printcreation"))
      printf("GetProofOfWorkReward() : create=%s nSubsidy=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nSubsidy);
   
   return nSubsidy + nFees;
}

So it matches the description in OP...

Otherwise it would give 35 coins (+fees) per block forever, isn't it..?

you will need hard fork for this. and probably reject old clients

[drays]

also MAX_MONEY is only 18000000
should be fixed as well unless im wrong

MAX_MONEY should be ok, as far as I understand. It does not limit the total number of coins. Here is some info from the net: "MAX_MONEY is only used as a sanity check to prevent "impossible" transactions and integer overflows (any transaction sending more than MAX_MONEY is invalid, regardless of all other factors)."

you will need hard fork for this. and probably reject old clients

Yes, hard fork will be needed (of course if the Dev considers the block height reward limitation to be important), as I wrote in my first post... But it will not harm anything actually, if done correctly.

[SalimNagamato]

also MAX_MONEY is only 18000000
should be fixed as well unless im wrong

MAX_MONEY should be ok, as far as I understand. It does not limit the number of coins. Here is some info from the net: "MAX_MONEY is only used as a sanity check to prevent "impossible" transactions and integer overflows (any transaction sending more than MAX_MONEY is invalid, regardless of all other factors)."

you will need hard fork for this. and probably reject old clients

Yes, hard fork will be needed (of course if the Dev considers the block height reward limitation to be important), as I wrote in my first post... But it will not harm anything actually, if done correctly.

what can limits the cap ? to 45000000 of POS+POW
any bounty for alerting about the limitless POW bug ?
thanks

[EBK1000]

Give me a couple of days to consider what to do and I will update. This doesn't affect things in the short term. We will sort it and I will get back with a solution and a plan.

[EBK1000]

I have added a poll to get some opinion as to when the PoW should end.

[DonQuijote]

I have added a poll to get some opinion as to when the PoW should end.

Thanks dev!

[EBK1000]

There aren't many people voting but as it stands the PoW will end at block 500,000 and then it will pure PoS from that point on.

[Matt9301]

where can buy BITZ/ ? 

Here you can: https://yobit.net/en/trade/BITZ/BTC

[rnameltc]

I'm a bit worried about the lack of development and the fact that BITZ didn't hit any other exchange except Yobit where the trading volume is zero. I think that there is a lot of potential here and the DEV will turn the things around be he should act a bit faster.

[speedy1987]

It is only 14 days old coin.
At least yobit is an option.
More exchanges will come through voting.

[provenceday]

how about CCEX or Bittrex?

thanks!

[rnameltc]

Yeah, I know, but addition on C-cex is not that hard as there is a community build here. I don't know if it's in DEV's plan and he is doing now.

[EBK1000]

Yeah, I know, but addition on C-cex is not that hard as there is a community build here. I don't know if it's in DEV's plan and he is doing now.

My plan is first and foremost to implement the PoW stop at block 500,000. Once that is done, hopefully in a week or two, we will have a stable and permanent blockchain. New wallets will be released and once that is done, I will concentrate on getting some more exchanges and take it from there. I am not so worried about time as this is a long term thing and I will build on it as soon as some teething problems have been sorted. Don't worry about me leaving this project.

C-cex will come when there is enough votes, I am not planning to pay a high price to get it listed now. Bittrex will come as well.