Topic: [ANN] Minereum - First Self Mining Smart Contract - page 422. (Read 438108 times)

this  coin  ,what happed  on this coin

Fantastic work done. It must be appreciated though I am not technical person but looks good how the specifications and smart contract will work. That is great it will take about half a century to see it reaching to its maximum supply. I appreciate all the efforts and hard work.

is there any plan to add the token in an exchange initiated by the dev or those bounty holders must do their part to request for an addcoin request to those exchanges? tokens are just token and still nothing or worthless if not listed and can be traded in an exchange.
anyway, congrats dev for a job well done.

Smart Contract Deployed

Hi everyone,

minereum is now deployed on the ethereum network, the first ever Self Mining Smart Contract.

All 4268 Genesis Addresses were credited with 32,000 coins.

minereum Smart Contract address

0x1a95b271b0535d15fa49932daba31ba612b52946

To add minereum to your ethereum wallet
Address: 0x1a95b271b0535d15fa49932daba31ba612b52946
Token Name: minereum
Symbol: MNE
Decimals: 8

Interface

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"currentEthBlock","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"initialSupplyPerAddress","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"totalSupply","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalGenesisAddresses","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_address","type":"address"}],"name":"availableBalanceOf","outputs":[{"name":"Balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_caller","type":"address"}],"name":"setGenesisCallerAddress","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxTotalSupply","outputs":[{"name":"maxSupply","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"balanceOf","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_address","type":"address[]"}],"name":"setGenesisAddressArray","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"genesisAddress","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"rewardPerBlockPerAddress","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"currentBlock","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"initialBlockCount","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"genesisCallerAddress","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"}]

Checking balances

There are 2 balances in minereum:

1. The overall balance - Function balanceOf()
2. The available balance (aka mined coins) - Function availableBalanceOf()

Mining

As explained in the white paper, "mining" in minereum is performed on the fly with a mathematical formula.

The total coins created is 0.00032 MNE per Genesis Address and per ethereum block.

As we have 4268 Genesis Addresses and as an ethereum block takes an average of 15 seconds, this is the aprox. MNE mined per day:

[TotalGenesisAddresses] * [RewardPerAddress] * [TotalEthBlocksPerDay] = Total Coins Generated Per Day

4268 * 0.00032 * 5760 = 7866.7776 MNE per day

As a comparision example:

ethereum has a total of 5 coins created per block, which makes the total coins generated per day at 28800 ETH.

minereum has a creation rate 72% lower than ethereum.

Total Supply

There are 2 important supplies in minereum:

1. The overall total supply - Function maxTotalSupply()
2. The available supply - Function totalSupply()

Take into account that minereum has 8 decimals so the return of these functions must be divided by 100000000 to get the real amount of MNE.

maxTotalSupply

Each Genesis Address is now credited with 32,000 coins.

There is a total of 4268 Genesis Addresses.

The overall total supply: 32000 * 4268 = 136,576,000 MNE

It will take aprox. 47 years to reach the total supply.

totalSupply

The available supply for transfer can be calculated using this formula:


The initial initialBlockCount is 3516521 (April 11, 2017).

By default all Genesis Address will have a mining of aprox 10 days and therefore will have an available balance of aprox 18 MNE.

The available total supply is then: 18 * 4268 = 76824 MNE

Limitations of Genesis Addresses

The Genesis Addresses are the addresses where the initial coins were distributed. There will be no more coins than the ones that were distributed to these addresses, to guarantee the whole function of minereum these limitations apply for Genesis Addresses:

1. Genesis Addresses cannot receive coins. If coins are transferred to these addresses the transaction will be rejected and there will be an error in the ethereum transaction.

2. The available coins for transfer for the Genesis Addresses is limited to what is explain in the "Mining" point. If a Genesis Address attempts to transfer more funds than what is available as per the availableBalanceOf function, an error will be returned in the ethereum transaction.

All other addresses are free of these limitations.

Source Code

https://github.com/minereum/Minereum/blob/master/minereum.sol

Great work dev , very great work .

Pls continue to write news for distribution and other .

Lu.
Very good, great massive work dev.

over 20 Members already, do we ever get any address/person in there? Keep joining
Cheers 

How do we see the tokens in our wallets if we are using myetherwallet?

Read.

When is the start of airdrop?

Hope you are right ,Not just like AQUA...

Dev has proved his hard work, let's support him to complete this project

my friend have a thousand acc fb

hi i'm happy than you have fixed issue..no airdrop méthode is perfect, but some  can be more than others..i always think social network is a good soluce for equity distrib because..yu can filter fake account..ex : all account (fb,tw,reddit,bt..) wich no have of message of more 1 mounth is posted by autor, will be doesn't admit..thats just a exemple..others filter can be applied.

filter time was good id also..this reduce numbers of fake addresses.

What developer found a solution to deploy the contract on the network? I am very glad that the decision is found.

Unfortunately, I missed it

Do we have another round of distribution or this will be one and only?

I think it is Reasonable for DVe to let some coin for the develpment!
And dev can claim it, I think every investor has no problem！