[ANN] #coin - page 4. | Bitcointalksearch.org

hashtagcoin

newbie

Activity: 42

Merit: 0

Quote from: Hix on February 01, 2014, 02:18:12 AM

Quote from: hashtagcoin on January 31, 2014, 09:35:30 PM

We don't want miners who come for the easy pickings when difficulty is low and then move onto the better coins after 2 weeks. We don't care for the miners who pump and dump on exchanges. The only miners we care about are those that will be here over the long-term as they see intrinsic value in the #coin brand name. For the rest, this probably isn't a coin for you. As I mentioned, the investors, who have put their own real money into #coin, have the right to be protected from a flood of coins immediately devaluing their investment. This launch is going to be a slow-burn not a panicked rush where a few "professional" miners benefit from being here the day the source is released. Having said that I am negotiating with the developer to have the reward amount raised. There are 576 blocks in a day, 4,032 in a week so 10K blocks will take us to 2.5 weeks. During this time I we will be running the IPO and maintaining awareness for other miners who have yet to find our launch thread. Feed-back is welcomed if you feel there is a better way.

Hahaha.... this is wrote guy who premine 500k coins?

same guy

Hix

legendary

Activity: 1971

Merit: 1036

Quote from: hashtagcoin on January 31, 2014, 09:35:30 PM

We don't want miners who come for the easy pickings when difficulty is low and then move onto the better coins after 2 weeks. We don't care for the miners who pump and dump on exchanges. The only miners we care about are those that will be here over the long-term as they see intrinsic value in the #coin brand name. For the rest, this probably isn't a coin for you. As I mentioned, the investors, who have put their own real money into #coin, have the right to be protected from a flood of coins immediately devaluing their investment. This launch is going to be a slow-burn not a panicked rush where a few "professional" miners benefit from being here the day the source is released. Having said that I am negotiating with the developer to have the reward amount raised. There are 576 blocks in a day, 4,032 in a week so 10K blocks will take us to 2.5 weeks. During this time I we will be running the IPO and maintaining awareness for other miners who have yet to find our launch thread. Feed-back is welcomed if you feel there is a better way.

Hahaha.... this is wrote guy who premine 500k coins?

Newmine

full member

Activity: 224

Merit: 100

Quote from: hashtagcoin on January 31, 2014, 10:40:19 PM

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).

It will take 35 days for miners to catch-up to the premine.

Actually, block rewards are .01 for blocks 2-9999. http://hashtagcoin.org/?page_id=32

.01 times 9998=99.98coins.

10000blocks divided by 576 per day = 17 days. (Ridiculous)

That's 17 days to get close to 100 coins.

499,900 coins to go.

576blocks times 25coins = 14,000 coins per day

499,000 divided by 14,400 coins = 34.71 days to reach 499,900 coins.

34.71 days
+17.36 days
-----------------------
52.17 days to reach your premine total of 500k.

Thats 52 days for the float to equal your pre-mine!

You do the math! Please correct me if I am wrong.

Feel free to tip me for pointing out your errors.... In BTC of course.
1MtzUmKZiK14pE5hgsEs2W7wBLZroYjFcT

kenshiro10

newbie

Activity: 41

Merit: 0

How much time?

brother3

hero member

Activity: 980

Merit: 500

Quote from: TheBeardedMann on February 01, 2014, 12:00:17 AM

Quote from: FreePls on January 31, 2014, 11:28:00 PM

Quote from: TheBeardedMann on January 31, 2014, 11:05:31 PM

Yeah, so ignore what I wrote, I was looking at blocks not coins. #mybad #facepalm #dumbass #nevermind #idiot

#sobad #suchpalm #muchass #nomind #veryidiot #hashtagcoin

#truthhurts

#lovehurtsmore

TheBeardedMann

full member

Activity: 168

Merit: 100

Quote from: FreePls on January 31, 2014, 11:28:00 PM

Quote from: TheBeardedMann on January 31, 2014, 11:05:31 PM

Yeah, so ignore what I wrote, I was looking at blocks not coins. #mybad #facepalm #dumbass #nevermind #idiot

#sobad #suchpalm #muchass #nomind #veryidiot #hashtagcoin

#truthhurts

brother3

hero member

Activity: 980

Merit: 500

Quote from: FreePls on January 31, 2014, 11:28:00 PM

Quote from: TheBeardedMann on January 31, 2014, 11:05:31 PM

Quote from: hashtagcoin on January 31, 2014, 10:40:19 PM

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).

It will take 35 days for miners to catch-up to the premine.

Yeah, so ignore what I wrote, I was looking at blocks not coins. #mybad #facepalm #dumbass #nevermind #idiot

#sobad #suchpalm #muchass #nomind #veryidiot #hashtagcoin

FreePls

full member

Activity: 238

Merit: 100

Quote from: TheBeardedMann on January 31, 2014, 11:05:31 PM

Quote from: hashtagcoin on January 31, 2014, 10:40:19 PM

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).

It will take 35 days for miners to catch-up to the premine.

Yeah, so ignore what I wrote, I was looking at blocks not coins. #mybad #facepalm #dumbass #nevermind #idiot

#sobad #suchpalm #muchass #nomind #veryidiot #hashtagcoin

nbphuoc

sr. member

Activity: 448

Merit: 250

How to be the first to mine #Coin?

Quote

Register at our pool, ~~verify your email address~~(No need to verify email for now, quick registration)
Create workers
Put this pool as main pool, and set your miner as "failover-only", so when #coin is released you mine instantly!

Join our professional mining pool at:
http://hashtagcoin.altcoinpool.org/
100% uptime
DigitalOcean Secured Server - with 32GB RAM and 8 CPUS

TheBeardedMann

full member

Activity: 168

Merit: 100

Quote from: hashtagcoin on January 31, 2014, 10:40:19 PM

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).

It will take 35 days for miners to catch-up to the premine.

Yeah, so ignore what I wrote, I was looking at blocks not coins. #mybad #facepalm #dumbass #nevermind #idiot

FreePls

full member

Activity: 238

Merit: 100

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

yea 2 years or 1 month.. not much different Cheesy

hashtagcoin

newbie

Activity: 42

Merit: 0

Quote from: TheBeardedMann on January 31, 2014, 10:16:38 PM

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).

It will take 35 days for miners to catch-up to the premine.

TheBeardedMann

full member

Activity: 168

Merit: 100

So with 500K premined, it's going to take over 2 years to match what you premined? Huh

?

hashtagcoin

newbie

Activity: 42

Merit: 0

Good feed-back illodin. I'll put that to my team.

illodin

hero member

Activity: 966

Merit: 1003

What if instead of going from a very small block reward to full reward all at once at block 10k, increase it every let's say 2k blocks? That might create multiple anticipation points and gain momentum each time.

That would keep miners' interest up for longer maybe?

hashtagcoin

newbie

Activity: 42

Merit: 0

We don't want miners who come for the easy pickings when difficulty is low and then move onto the better coins after 2 weeks. We don't care for the miners who pump and dump on exchanges. The only miners we care about are those that will be here over the long-term as they see intrinsic value in the #coin brand name. For the rest, this probably isn't a coin for you. As I mentioned, the investors, who have put their own real money into #coin, have the right to be protected from a flood of coins immediately devaluing their investment. This launch is going to be a slow-burn not a panicked rush where a few "professional" miners benefit from being here the day the source is released. Having said that I am negotiating with the developer to have the reward amount raised. There are 576 blocks in a day, 4,032 in a week so 10K blocks will take us to 2.5 weeks. During this time I we will be running the IPO and maintaining awareness for other miners who have yet to find our launch thread. Feed-back is welcomed if you feel there is a better way.

brother3

hero member

Activity: 980

Merit: 500

Quote from: bathrobehero on January 31, 2014, 09:02:11 PM

Quote from: nauticatom on January 31, 2014, 05:30:48 PM

Yeah if I have to wait 10000 blocks, that could be weeks.. You are actually going to destroy the IPO, because the general mining public will lose interest in it, and you have other coins set to release like ultracoin, which will just erode interest, you are taking too conservative of a route.

Just because the general mining public got used to instamining and doesn't realise the benefits of a slow start doesn't mean this coin is doomed...

Guess we will have to wait and see....Remember to come back just before the 10K Shocked

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: nauticatom on January 31, 2014, 05:30:48 PM

Yeah if I have to wait 10000 blocks, that could be weeks.. You are actually going to destroy the IPO, because the general mining public will lose interest in it, and you have other coins set to release like ultracoin, which will just erode interest, you are taking too conservative of a route.

Just because the general mining public got used to instamining and doesn't realise the benefits of a slow start doesn't mean this coin is doomed...

Crixxus

newbie

Activity: 28

Merit: 0

gotta be a joke

nauticatom

member

Activity: 75

Merit: 10

Yeah if I have to wait 10000 blocks, that could be weeks.. You are actually going to destroy the IPO, because the general mining public will lose interest in it, and you have other coins set to release like ultracoin, which will just erode interest, you are taking too conservative of a route.

Topic: [ANN] #coin - page 4. (Read 39719 times)