Now you have the option to delay the payment until you feel you've got enough Kittehcoins. Do it in order to minimize blockchain transactions.
Topic: [ANN] [MEOW] Kittehcoin Faucet - Get >4 MEOW as many times as you wish! (Read 1230 times)
January 04, 2014, 01:34:11 PM
The client has been updated to the last version.
Now you have the option to delay the payment until you feel you've got enough Kittehcoins. Do it in order to minimize blockchain transactions.
Now you have the option to delay the payment until you feel you've got enough Kittehcoins. Do it in order to minimize blockchain transactions.
December 28, 2013, 06:47:21 PM
Out of interest, what percentage is the payout in relation to the total available funds in the faucet?
0.001% (with a minimum of 0.01 MEOW when faucet funds are under 1000). If any donator can prove they donated and would like this % to change I'd do it.
Seems a reasonable calculation. Also be handy if you could also weight it by difficulty also, so the payouts are proportional to difficulty.
Weighing the payouts by block reward and difficulty seems like a good idea.
It will be easy to do it by block reward: divide the reward by 2^[floor(numberofblocks/200,000)].
I've been thinking about weighing by difficulty for a while and I've found it could be easily implemented substracting from the % reward the value of an exponential function that takes the current difficulty and a difficulty reference level as arguments. Like this (for blocks #<200,001):
reward = roundto8decimals[[(faucetbalance + faucetreserves) / 100000] - [exp(currentdifficulty / referencedifficultylevel) -1]]
Now what I need is an adequate difficulty reference level. Current Kittehcoin difficulty is ~2. Using a reference level of 100 would mean the reward would get reduced by 0.02020134 now. Would that be a good choice?
I think that would be fine. In the long run it should mean the faucet won't get unfairly balanced. If difficulty keeps going up, eventually demand could potentially outstrip donations.
December 28, 2013, 06:44:49 PM
Out of interest, what percentage is the payout in relation to the total available funds in the faucet?
0.001% (with a minimum of 0.01 MEOW when faucet funds are under 1000). If any donator can prove they donated and would like this % to change I'd do it.
Seems a reasonable calculation. Also be handy if you could also weight it by difficulty also, so the payouts are proportional to difficulty.
Weighing the payouts by block reward and difficulty seems like a good idea.
It will be easy to do it by block reward: divide the reward by 2^[floor(numberofblocks/200,000)].
I've been thinking about weighing by difficulty for a while and I've found it could be easily implemented substracting from the % reward the value of an exponential function that takes the current difficulty and a difficulty reference level as arguments. Like this (for blocks #<200,001):
reward = roundto8decimals[[(faucetbalance + faucetreserves) / 100000] - [exp(currentdifficulty / referencedifficultylevel) -1]]
Now what I need is an adequate difficulty reference level. Current Kittehcoin difficulty is ~2. Using a reference level of 100 would mean the reward would get reduced by 0.02020134 now. Would that be a good choice?
December 28, 2013, 04:35:39 PM
Out of interest, what percentage is the payout in relation to the total available funds in the faucet?
0.001% (with a minimum of 0.01 MEOW when faucet funds are under 1000). If any donator can prove they donated and would like this % to change I'd do it.
Seems a reasonable calculation. Also be handy if you could also weight it by difficulty also, so the payouts are proportional to difficulty.
December 28, 2013, 03:58:11 PM
Out of interest, what percentage is the payout in relation to the total available funds in the faucet?
0.001% (with a minimum of 0.01 MEOW when faucet funds are under 1000). If any donator can prove they donated and would like this % to change I'd do it.
December 28, 2013, 03:52:43 PM
Out of interest, what percentage is the payout in relation to the total available funds in the faucet?
December 28, 2013, 03:50:28 PM
Donations keep pouring in! 
Join the Kittehcoin crowd and get over 4 MEOWs every time you use this faucet --> Kittehcoin Meower
Join the Kittehcoin crowd and get over 4 MEOWs every time you use this faucet --> Kittehcoin Meower
December 28, 2013, 08:13:34 AM
Thanks to some very generous donators the reward is over 2 MEOW now!
December 27, 2013, 07:41:04 AM
MEOW donations which make the faucet overflow over 15,000 have been sent to a cold wallet.
I think there's good security on my faucets. Still, if somebody succeeds on stealing the funds, they'll only get a small % of its reserves.
I think there's good security on my faucets. Still, if somebody succeeds on stealing the funds, they'll only get a small % of its reserves.
December 27, 2013, 04:54:20 AM
Great faucet works great.
December 27, 2013, 03:43:23 AM
0.01 wow, how greedy
December 27, 2013, 03:40:44 AM
Faucets are meant to be used by newbies who want to try the coin, not by people trying to get extra coins. I'm not rich in meows. I can only give out 0.01 if the faucet is to last more than one hour...
Edit: I just saw some very generous donator sent many MEOWs to the faucet. The reward is now 1 MEOW!
Edit: I just saw some very generous donator sent many MEOWs to the faucet. The reward is now 1 MEOW!
December 27, 2013, 03:04:17 AM
Bumping that.
I like the idea, but the rate of one meow per 100 captchas is way too low, given the value being at the very best comparable to doges.
I like the idea, but the rate of one meow per 100 captchas is way too low, given the value being at the very best comparable to doges.
December 26, 2013, 02:35:04 PM
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