[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1670.

Hampuz

full member

Activity: 140

Merit: 100

Quote from: bitwarrior on February 26, 2014, 06:44:21 AM

The demand for this new coin is really amazing. 14.26 TH/s !!! network hash.

Any ideas on how much would be this trading after 1 week?

Dont you mean 14.26 Gh/s?

Anyways on the value point, my prediction is initially 5-10K satoshis. Somewhere in between that range.

More would not be impossible.

$0.5 each would mean a market cap of $50M. Might sound like a lot, but if all is done correctly, and the dev(s) have some good things coming, this could easily see that by the end of this year.

bitwarrior

legendary

Activity: 1764

Merit: 1000

The demand for this new coin is really amazing. 14.26 TH/s !!! network hash.

Any ideas on how much would be this trading after 1 week?

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: derBruchpilotPro on February 26, 2014, 05:56:23 AM

Quote from: CoinBitch on February 26, 2014, 05:45:10 AM

Quote from: Jonesd on February 26, 2014, 05:37:33 AM

Quote from: Jonesd on February 26, 2014, 03:27:51 AM

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?

edit: typo

Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.

BachMann

member

Activity: 113

Merit: 10

Quote from: thisisnotmyltcusername on February 26, 2014, 06:22:57 AM

Quote from: Pustul on February 26, 2014, 05:41:49 AM

I see that dedicated says it takes 8 hours to get your coins from the pool! Is this the case for every pool?

I don't understand what's going on with dedicated. I get the huge confirmations part, but we're beyond that...
I got 2280 CONFIRMED blackcoins, autopayout didn't work, I lowered to 1000 autopayout, still nothing, I tried manual payout, nothing happened either.
and all of this with last confirmed block in the 25xx and we're in the 30xx mined, so the 480 confirmations are behind us... something must be broken or some payout cron job halted...

** ALERT: PAYOUTS take EIGHT ( Cool

hours or 480 confirms to mature. I spoke with the devs, please see this: http://pastebin.com/raw.php?i=Bc8cq1bt.
** Because this is a PoS coin it withholds coins from our server wallet for EIGHT ( Cool

hours after blocks are confirmed.
** For more information on PoS coins: https://en.bitcoin.it/wiki/Proof_of_Stake

** Your balances may be negative or coins seem "missing" because I changed the confirms from 120 to 480. This will correct as the coins mature again and will be added back to your account.

Autopayout not working for me either, maybe because i dont want to donate 1% on top of 2% fee?

thisisnotmyltcusername

sr. member

Activity: 308

Merit: 250

Quote from: Pustul on February 26, 2014, 05:41:49 AM

I see that dedicated says it takes 8 hours to get your coins from the pool! Is this the case for every pool?

I don't understand what's going on with dedicated. I get the huge confirmations part, but we're beyond that...
I got 2280 CONFIRMED blackcoins, autopayout didn't work, I lowered to 1000 autopayout, still nothing, I tried manual payout, nothing happened either.
and all of this with last confirmed block in the 25xx and we're in the 30xx mined, so the 480 confirmations are behind us... something must be broken or some payout cron job halted...

thenukemforall

sr. member

Activity: 273

Merit: 250

this pool didn't work really well for me, a lot of stratum disconnect, but that was yesterday. Maybe it's working fine now.

deliciousham

newbie

Activity: 28

Merit: 0

Quote from: nrg_wolf on February 26, 2014, 06:04:48 AM

if all blackcoin is mined in just a few days, what does that mean for long term life of the coin?

POS after initial POW mining is done

Miner232432

full member

Activity: 210

Merit: 100

Quote from: Collegestudent on February 26, 2014, 06:14:37 AM

Is this http://bc.crypto-coinz.com mining pool trusted? thinking of joining the Black Coins boat Cheesy

Cyrpto-coinz are good, I used them myself over last few days since launch

Collegestudent

hero member

Activity: 518

Merit: 500

The blockchain is the future

Is this http://bc.crypto-coinz.com mining pool trusted? thinking of joining the Black Coins boat Cheesy

Sparkzor

member

Activity: 112

Merit: 10

Quote from: y3804 on February 25, 2014, 11:19:20 PM

Renting is (almost) unprofitable right now. Diff is 100, close to 120. I wouldn't suggest doing that. Just scoop up at 15 and keep until Pos.

I've gotten 11k tonight... I think 11k is worth more than 0.08 Grin

nrg_wolf

legendary

Activity: 882

Merit: 1000

if all blackcoin is mined in just a few days, what does that mean for long term life of the coin?

derBruchpilotPro

sr. member

Activity: 322

Merit: 250

Quote from: CoinBitch on February 26, 2014, 05:45:10 AM

Quote from: Jonesd on February 26, 2014, 05:37:33 AM

Quote from: Jonesd on February 26, 2014, 03:27:51 AM

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Thats the function in the source:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
    int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

COIN_YEAR_REWARD = 0.01 (1%)

But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?

edit: typo

CoinBitch

newbie

Activity: 27

Merit: 0

Quote from: Jonesd on February 26, 2014, 05:37:33 AM

Quote from: Jonesd on February 26, 2014, 03:27:51 AM

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

i am also very interested in an answer to this very important question

Pustul

sr. member

Activity: 350

Merit: 250

I see that dedicated says it takes 8 hours to get your coins from the pool! Is this the case for every pool?

radi324

full member

Activity: 196

Merit: 100

Muniti creator

Quote from: XbladeX on February 26, 2014, 05:30:19 AM

Guys lets compare Blakecoin to Mintcoin
i was thinking about that mint is better but:
Something is interesting:
After 5 weeks PoW mining, there will be 20 billion PoW coins generation.
BUT mint was 1% premined that mean devs have 1% of 70Bil - 700m Wink

.
Now tricky part:
20 000m - All POW
700m - premined Devs

And now stake prarty will start who will have nest 7/200 of all new generated stake coins ...?
Yea gues who :-D ?

1st year income (20%):
700m : 140m devs - bahama jamaka hollydays one ferrari for all Tongue

20 000 : 4000m others

I gues BC is much more fair coin than premined mint...
1% premine with their stake structure is not 1% Tongue

it is about 1% now and 3,5% of all future coins...
1% premine give you 3,5% of next generating coins.So dev will have 1%+3,5% - profit.
Maths here is simple guys.
Fuck me i realized whole shit right now...
Now that 1% dont looks so nice.

Nice explanation, if it weren't for the fact you mentioned Blakecoin and not Blackcoin. GTFO with that shit coin

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: Jonesd on February 26, 2014, 03:27:51 AM

Hi,

The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)

Anybody?

XbladeX

legendary

Activity: 1302

Merit: 1002

Guys lets compare Blackcoin to Mintcoin
i was thinking about that mint is better but:
Something is interesting:
After 5 weeks PoW mining, there will be 20 billion PoW coins generation.
BUT mint was 1% premined that mean devs have 1% of 70Bil - 700m Wink

.
Now tricky part:
20 000m - All POW
700m - premined Devs

And now stake prarty will start who will have nest 7/200 of all new generated stake coins ...?
Yea gues who :-D ?

1st year income (20%):
700m : 140m devs - bahama jamaka hollydays one ferrari for all Tongue

20 000 : 4000m others

I gues BC is much more fair coin than premined mint...
1% premine with their stake structure is not 1% Tongue

it is about 1% now and 3,5% of all future coins...
1% premine give you 3,5% of next generating coins.So dev will have 1%+3,5% - profit.
Maths here is simple guys.
Fuck me i realized whole shit right now...
Now that 1% dont looks so nice.

BitcoinStacker

full member

Activity: 308

Merit: 100