Topic: [ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project (Read 5746 times)
where is giveaway?
I can't wait to double spend this one.
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.
In fact, at about 7/block the reward won't be enough to secure the network in two weeks.
There is a reason all the big PoW only coins have a very long halving.
Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.
Good luck.
could you explain this a little bit more for not so experienced altcoin fans?
I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.
If the coin is very valuable, this is a big danger. It's happened before.
unlikely, your maths is way off. give it ~2 years left untouched.
and planned upgrades are happening shortly
I can't wait to double spend this one.
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.
In fact, at about 7/block the reward won't be enough to secure the network in two weeks.
There is a reason all the big PoW only coins have a very long halving.
Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.
Good luck.
could you explain this a little bit more for not so experienced altcoin fans?
I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.
If the coin is very valuable, this is a big danger. It's happened before.
I can't wait to double spend this one.
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.
In fact, at about 7/block the reward won't be enough to secure the network in two weeks.
There is a reason all the big PoW only coins have a very long halving.
Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.
Good luck.
could you explain this a little bit more for not so experienced altcoin fans?
we have it all figured in the next update!
PoS will be implemented along with masternodes.
PoS will be implemented along with masternodes.
I can't wait to double spend this one.
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
{
int64 nSubsidy = 500 * COIN;
if(nHeight == 1)
{
nSubsidy = 9333333 * COIN;
}
// Subsidy is cut in half every 4000 blocks
nSubsidy >>= (nHeight / 4000);
return nSubsidy + nFees;
}
When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.
In fact, at about 7/block the reward won't be enough to secure the network in two weeks.
There is a reason all the big PoW only coins have a very long halving.
Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.
Good luck.
we don't need a pool im making a fortune solo mining this 
BURN INFORMATION
To: CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL
Debit: -553190.17 COR
Net amount: -553190.17 COR
Transaction ID: 2057d514b33b4a8ce25a7012062654553a1543728a925d5919609aeb4ea0723a
This is a burn address- provided by Earlz
http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses
scroll down to version 28 address.
To: CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL
Debit: -553190.17 COR
Net amount: -553190.17 COR
Transaction ID: 2057d514b33b4a8ce25a7012062654553a1543728a925d5919609aeb4ea0723a
This is a burn address- provided by Earlz
http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses
scroll down to version 28 address.
nice work how many coins will be needed to run a masternode ?
16,000 CORE will be required to run a masternode, this may change in the near future.
nice work how many coins will be needed to run a masternode ?
UPDATE - 29/7/2015
Hey all, just a small update pre-weekend.
* Development on track - currently in progress of wallet design update with masternodes/among other features.
* ICO completed - 3.93BTC has been raised - the remaining will be burned via one of Earlz burn addresses.
* Current 10000 Core bountry on a pool.
* Current 8000 Core bounty on block explorer.
* Current 4000 Core bounty for advertisers.
Hey all, just a small update pre-weekend.
* Development on track - currently in progress of wallet design update with masternodes/among other features.
* ICO completed - 3.93BTC has been raised - the remaining will be burned via one of Earlz burn addresses.
* Current 10000 Core bountry on a pool.
* Current 8000 Core bounty on block explorer.
* Current 4000 Core bounty for advertisers.
mining this! i think were going to c-cex on friday!
i have been mining to hope it hits a exchange soon
mining this! i think were going to c-cex on friday!
Drop the ICO crap and put a fair premine in. 1% is normal.
Vegas
Vegas
yes, it was gen=1 in conf
thanks
But still stucked at block 43.
thanks
But still stucked at block 43.
same here, another hard- and software but still stuck on block 43.

{
"blocks" : 43,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 6.77171863,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 5488562,
"pooledtx" : 0,
"testnet" : false
}
output from getmininginfo
Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.
Price 0.0000022sat - which works out around 5.1 BTC
Price 0.0000022sat - which works out around 5.1 BTC
lol - your math is adventurous dude, do it again
ah
math heh. updated.much better
Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.
Price 0.0000022sat - which works out around 5.1 BTC
Price 0.0000022sat - which works out around 5.1 BTC
lol - your math is adventurous dude, do it again
ah
math heh. updated. Quote
9333333 coins will be distributed via ICO - remaining coins will be publicly burnt via one of Earlz burn addresses.
Price 0.0000022sat - which works out around 5.1 BTC
Price 0.0000022sat - which works out around 5.1 BTC
lol - your math is adventurous dude, do it again
yes, it was gen=1 in conf
thanks
But still stucked at block 43.
thanks
But still stucked at block 43.
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