Is anyone else having trouble logging into cryptsy?
Something is definitely going on.
Topic: [ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages - page 85. (Read 330752 times)
October 20, 2013, 01:42:11 PM
Something is definitely going on.
October 20, 2013, 01:11:42 PM
Is anyone else having trouble logging into cryptsy?
October 20, 2013, 03:44:46 AM
Excellent graphic, cgminer-o! I will make one correction, however. 
The code snippet that provides the block reward for MΣC follows:
The block reward will reach 25 at block height 105000. The block reward will not reach 12.5 until a block height of 525000, however. This is shown with the following line of code from the snippet above: nSubsidy >>= ((nHeight - (BlockCountA * 5)) / (BlockCountB));
At a block height of 420000, the equation works to be ((420000 - (21000 * 5 )) / (420000)) = ((420000 - (105000)) / (420000)) = ((315000) / (420000)) = 0 because of integer arithmetic. I will spare you the details and tell you that the equation works out to be 1 at a block height of 525000, and the block reward is thus halved. Other than that, your graphic looks great
I am ready to order the jackets whenever everyone else is! Just let me know!
As always, keep up the great work, Kimoto!
The code snippet that provides the block reward for MΣC follows:Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 500 * COIN;
/*
Total Coins: 42 Million
* 1st 5 Months, 21 Million Coins will be generated
Every 21,000 Blocks (1 Month) the reward steps down from 500, 250, 125, 75, 50.
* Through the next few decades the Remaining 21 Million will be generated
Every 420,000 Blocks (2 Years), The reward starts at 25 and is Halved each period
10.5 Million come from first 2 Years of 420K Blocks
*/
int BlockCountA = 21000;
int BlockCountB = 420000;
if (nHeight >= BlockCountA * 5)
{
nSubsidy = 25 * COIN;
nSubsidy >>= ((nHeight - (BlockCountA * 5)) / (BlockCountB)); // Subsidy is cut in half every 420000 blocks
}
else if (nHeight >= BlockCountA * 4) { nSubsidy = 50 * COIN; }
else if (nHeight >= BlockCountA * 3) { nSubsidy = 75 * COIN; }
else if (nHeight >= BlockCountA * 2) { nSubsidy = 125 * COIN; }
else if (nHeight >= BlockCountA) { nSubsidy = 250 * COIN; }
else { nSubsidy = 500 * COIN; }
return nSubsidy + nFees;
}
The block reward will reach 25 at block height 105000. The block reward will not reach 12.5 until a block height of 525000, however. This is shown with the following line of code from the snippet above: nSubsidy >>= ((nHeight - (BlockCountA * 5)) / (BlockCountB));
At a block height of 420000, the equation works to be ((420000 - (21000 * 5 )) / (420000)) = ((420000 - (105000)) / (420000)) = ((315000) / (420000)) = 0 because of integer arithmetic. I will spare you the details and tell you that the equation works out to be 1 at a block height of 525000, and the block reward is thus halved.
Other than that, your graphic looks great I am ready to order the jackets whenever everyone else is! Just let me know!
As always, keep up the great work, Kimoto!
October 20, 2013, 02:06:25 AM
Back moving again.. That was weird...
October 20, 2013, 01:47:24 AM
And we are stuck on block 84019.
October 20, 2013, 12:16:12 AM
Welcome to block 84,000
84000 2013-10-20 04:15:15 4 80.32554967 9.063 19950050 81.6859 150.98 23.1376%
84000 2013-10-20 04:15:15 4 80.32554967 9.063 19950050 81.6859 150.98 23.1376%
October 19, 2013, 10:15:54 PM
Sooooooooooooooo, I'm only *slightly* concerned that it's been such a long time since we have heard anything from kimoto. Especially with altcoins going in the dumpster as much as they are the past couple of days and bitcoin poised to only push higher and higher. Still holding the bag, it's just getting heavier and heavier though....
the seeming decline in Alt coin Prices lately is beecause of not, in spite of BitCoin's PHENOMENAL Climb in the last few days. the Altcoin markets just can't keep up, but the REAL price of your ALTCoins is the same although when translated into BTC the "integer" is lower... once translated out to fiat currency All Alt coin prices have been maintained or risen with BTC. -digeros
panic selloffs, gotta love 'em
I can hear the "Jaws" music in the background.
Less than 100 blocks to go! This roller coaster is looking mighty scary!
And just before Halloween too!
October 19, 2013, 06:34:03 PM
Sooooooooooooooo, I'm only *slightly* concerned that it's been such a long time since we have heard anything from kimoto. Especially with altcoins going in the dumpster as much as they are the past couple of days and bitcoin poised to only push higher and higher. Still holding the bag, it's just getting heavier and heavier though....
the seeming decline in Alt coin Prices lately is beecause of not, in spite of BitCoin's PHENOMENAL Climb in the last few days. the Altcoin markets just can't keep up, but the REAL price of your ALTCoins is the same although when translated into BTC the "integer" is lower... once translated out to fiat currency All Alt coin prices have been maintained or risen with BTC. -digeros
panic selloffs, gotta love 'em
October 19, 2013, 06:13:52 PM
Sooooooooooooooo, I'm only *slightly* concerned that it's been such a long time since we have heard anything from kimoto. Especially with altcoins going in the dumpster as much as they are the past couple of days and bitcoin poised to only push higher and higher. Still holding the bag, it's just getting heavier and heavier though....
the seeming decline in Alt coin Prices lately is beecause of not, in spite of BitCoin's PHENOMENAL Climb in the last few days. the Altcoin markets just can't keep up, but the REAL price of your ALTCoins is the same although when translated into BTC the "integer" is lower... once translated out to fiat currency All Alt coin prices have been maintained or risen with BTC. -digeros
October 19, 2013, 01:02:45 PM
^ nice image!
Should be interesting after 2015.
Should be interesting after 2015.
Pretty sure this was the plan from the beginning. A long term, high value coin.
MΣC was obviously designed to be the ultimate coin. The systematic reward reduction, double the number of Bitcoins, but half as many as Litecoin, with a ton more technological sophistication, features, and blazing speed. Megacoin is both sleeker, and more MEGA at the same time. We are less than 500 blocks away from the next reduction. Just as MΣC starts to become rare in the relatively near future there will be amazing new services.
Speaking of services, if bholzer is still offering to handle the transaction for the hoodies, I think we are ready to go.
It could still die on the way there, even though the chances are slim. We need more services and more Kimoto
The services are coming... There is no hurry. I expect there will be quite a few before we get to 25 MΣC per block.
No point in giving the skeptics, and timid investors anything extra.
I have complete confidence Kimoto didn't come this far, and do all this work to let MΣC fail. The key here is patience, and our contributions to Megacoin's success. October 19, 2013, 11:13:02 AM
I bet we hear from the good doctor soon. He generally posts around the time of block halving.
October 19, 2013, 10:57:01 AM
Sooooooooooooooo, I'm only *slightly* concerned that it's been such a long time since we have heard anything from kimoto. Especially with altcoins going in the dumpster as much as they are the past couple of days and bitcoin poised to only push higher and higher. Still holding the bag, it's just getting heavier and heavier though....
October 19, 2013, 02:31:17 AM
^ nice image!
Should be interesting after 2015.
Should be interesting after 2015.
Pretty sure this was the plan from the beginning. A long term, high value coin.
MΣC was obviously designed to be the ultimate coin. The systematic reward reduction, double the number of Bitcoins, but half as many as Litecoin, with a ton more technological sophistication, features, and blazing speed. Megacoin is both sleeker, and more MEGA at the same time. We are less than 500 blocks away from the next reduction. Just as MΣC starts to become rare in the relatively near future there will be amazing new services.
Speaking of services, if bholzer is still offering to handle the transaction for the hoodies, I think we are ready to go.
October 18, 2013, 07:57:06 PM
^ nice image!
Should be interesting after 2015.
Should be interesting after 2015.
Pretty sure this was the plan from the beginning. A long term, high value coin.
October 18, 2013, 09:56:14 AM
October 18, 2013, 09:13:12 AM
October 18, 2013, 09:11:41 AM
Once it hits 25 it stops halving every 21,000 and instead switches to every 420,000 blocks (2 years).
October 18, 2013, 08:49:04 AM
October 18, 2013, 07:44:32 AM
I'm guessing there's quite a few MEC fans that are good with graphic design?
well, i have quite a few websites and can add a donate button and backlink to main MEC site, at least will help get more traffic
also people can add MEC donate button, ideally if able to paste in code and is hosted somewhere there may be an easy way for people to add their wallet address? rather than adidng underneath
anyway, if comunity can come together, someone do a donate button, it would be awesome
will do my bit and add to a number of websites
I think plenty other s will, plus can reach out to bigger sites, I have a lot of webmaster friends
this sort of thing:
thats a basic button
there is a way to get real widgets
this is a great site
http://coinwidget.com/
i have messaged the guy who runs it and asked if is possible to do a megacoin one
well, i have quite a few websites and can add a donate button and backlink to main MEC site, at least will help get more traffic
also people can add MEC donate button, ideally if able to paste in code and is hosted somewhere there may be an easy way for people to add their wallet address? rather than adidng underneath
anyway, if comunity can come together, someone do a donate button, it would be awesome
will do my bit and add to a number of websites
I think plenty other s will, plus can reach out to bigger sites, I have a lot of webmaster friends
this sort of thing:
thats a basic button
there is a way to get real widgets
this is a great site
http://coinwidget.com/
i have messaged the guy who runs it and asked if is possible to do a megacoin one
October 18, 2013, 05:35:35 AM
I love MEC, I think it may be the BitCoin 2.0 we have been waiting for and would love to see it grow in use because has anyone checked how large the BTC blockchain is lately..... 12.6 GIGABYTES TOO LARGE to be carried on a PHONE AS opposed to MEgaCoin's only 125Kb
the block chain is smaller because it is practically void of any transactions. as MEC increases in popularity, you will see the blockchain grow in size exponentially as more and more transactions are being comprised of multiple inputs such as coins bought from the exchange. also you are exagerrating that the blockchain is only 125kb. try megabytes buddy.
this is not to say that mec doesn't offer any advantages over bitcoin-- it does.
the blocks are more easily processed in the scrypt algorithm and are typically smaller due to having less pooled transactions in each block. also the pre client launch block check is set to a much lower value on most altcoins than that of bitcoin. bitcoin is slow because the sheer amount of transactions in the ledger. some people just can't seem to grasp this concept
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