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nuggetbram
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February 20, 2015, 11:07:02 AM |
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I have a question about POS rewards. The op says: "max reward is 3, POS starts at 100% and decreases"
My question is how often does the reward decrease? At what rate each decrease? 1%? 10%?
Op says max block reward is 3 coins. What would be the max block size I would use in coin control to avoid going over the 3 coin reward?
Thanks
Vegas
POS rewards are cut in half every time the POS difficulty multiplies by 64, if that makes sense. For the optimal block size, there is a calculator in-wallet. |
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joehoebot
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February 20, 2015, 11:17:57 AM |
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morning. is the re-launch going to be publicised at all? no-one seems to be aware of it. altcoin calendar? or other means. just wondering...
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jc12345
Legendary
 Offline
Activity: 1638
Merit: 1013
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February 20, 2015, 02:02:59 PM
Last edit: February 20, 2015, 02:14:34 PM by jc12345 |
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What you are saying is there will be 5,328 coins mined per day. However, you will instantly give 6M coins to old holders. I think that will destroy the market because those 6M coins will be dumped by holders to get their money out with the creation of a new market. You shouldn't be giving out any coins for free. CPU mining will be difficult and miners will get very few coins, yet the 6M will flood the market. There will be very little incentive to mine and there will be no scarcity in the coins mined due to the 6M instant supply. It will take CPU miners 3 years to mine 6M coins at least to be equal to the coins you want to give away.
I see now on Bittrex that Greencoin seems to be in distress close to 1 sat with a long list of sell orders. I think that the holders with their money in Greencoin will want to take what they can and get out of the Green stuff at the first chance, meaning when a market is created for GREX and they have exchanged their GRE for GREX.
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joehoebot
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February 20, 2015, 02:33:57 PM |
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what if the exchange rate was not 1-1?
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jc12345
Legendary
Offline
Activity: 1638
Merit: 1013
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February 20, 2015, 02:51:48 PM |
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what if the exchange rate was not 1-1?
it is not 1-1, it is 166 - 1. That is how the dev gets from 1Bn to 6M. |
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joehoebot
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February 20, 2015, 03:14:31 PM |
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ah ok. my bad
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NeuroticFish
Legendary
Offline
Activity: 3710
Merit: 6426
Looking for campaign manager? Contact icopress!
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February 20, 2015, 03:17:18 PM |
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Shame that I'll miss the start, but I may mine this if it's indeed CPU only. I like the current pools in the OP  |
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joehoebot
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February 20, 2015, 04:59:03 PM |
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will cpu mine tomorrow for sure. the pools on the front page are actually the cooling system for my rig |
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james42
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February 21, 2015, 10:01:47 AM |
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kbroadfoot
Legendary
Offline
Activity: 1302
Merit: 1000
Bass Player
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February 21, 2015, 09:55:58 PM |
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After the launch of GREX how long can we or should we keep mining GRE?
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biodieselchris (OP)
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February 21, 2015, 10:03:29 PM |
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After the launch of GREX how long can we or should we keep mining GRE?
Assuming the X launch is successful the old coin will simply not be supported by the Foundation, however, it will probably continue to exist so you are free to mine as long as you like, and of course any coins generated up to block 500,000 can be traded for GREX at 167 to 1. |
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kbroadfoot
Legendary
Offline
Activity: 1302
Merit: 1000
Bass Player
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February 21, 2015, 11:09:09 PM |
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After the launch of GREX how long can we or should we keep mining GRE?
Assuming the X launch is successful the old coin will simply not be supported by the Foundation, however, it will probably continue to exist so you are free to mine as long as you like, and of course any coins generated up to block 500,000 can be traded for GREX at 167 to 1. We should all alert our respective GRE pools of the coming change.... I mine at simplemulti with a GRE payout.... They have pools for X11 and such... will GREX also be merge minable? |
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najzenmajsen
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February 22, 2015, 12:07:20 AM |
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After the launch of GREX how long can we or should we keep mining GRE?
Assuming the X launch is successful the old coin will simply not be supported by the Foundation, however, it will probably continue to exist so you are free to mine as long as you like, and of course any coins generated up to block 500,000 can be traded for GREX at 167 to 1. We should all alert our respective GRE pools of the coming change.... I mine at simplemulti with a GRE payout.... They have pools for X11 and such... will GREX also be merge minable? i sure hope so , mergeable mining would benefit this coin alot. |
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Shadow_Runner
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February 22, 2015, 12:18:05 AM |
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Is there will be miner for windows at launch?
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yampi
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February 22, 2015, 12:24:26 AM |
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This same coin was already launched.Clone.
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Shadow_Runner
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February 22, 2015, 12:25:22 AM |
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This same coin was already launched.Clone.
Old coin was scrypt. |
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yampi
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February 22, 2015, 12:26:02 AM |
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This same coin was already launched.Clone.
Old coin was scrypt. Oh.It's all good then. |
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biodieselchris (OP)
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February 22, 2015, 02:08:09 AM |
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morning. is the re-launch going to be publicised at all? no-one seems to be aware of it. altcoin calendar? or other means. just wondering...
I know it is short notice now, but I added the coin to the calendar but I'm not seeing it show up: it's been held for admin validation: https://www.altcoincalendar.info/calendar |
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