[ANN] [PIG] Piggycoin old Thread. - page 2.

pgbit

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Activity: 771

Merit: 258

Trident Protocol | Simple «buy-hold-earn» system!

Question for OP: the 500M in the graphic - what does that refer to? Just wanted to clarify. Thanks!

novaboy2k

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Activity: 294

Merit: 250

Quote from: piggycoin on May 27, 2014, 11:31:49 AM

Quote from: novaboy2k on May 27, 2014, 10:53:45 AM

Just taking a really close look at the block explorer...

Found some huge payouts from single blocks?

Take a look... Can you explain? The coins look like they have never moved out of there wallets. Total coins so far is around 231,000,000.

Block - 1042 http://piggycha.in/block/da8785fe82f6139d733bd2f9bba2a3ac1f00bd6ccdf539481d6bbcc52e1c78a7
Block - 1045 http://piggycha.in/block/ce03c6e056322bfd8c8cd7b17061787050cdbfc7ca619a922297a9a2886de673
Block - 1046 http://piggycha.in/block/4754ef4687173325a53ae2a2db94717800c96708b2285b602c09369e8dd6c664
Block - 1047 http://piggycha.in/block/d76532a55ba08115f6923559cff3d706430460ff4922ed6364d9a248fa5bc342
Block - 1050 http://piggycha.in/block/926603ecbc910b557a696bedde3d3f29cb9d452347ef2107a1780e96874adbd8
Block - 1107 http://piggycha.in/block/cb5a74404feda32e415fb3902bf702560a7ddaedc1587587a072f8af91979224

There are many more large payouts, totaling way more pigs that exist in the 1st place?

This is normal, this is probably the premine address me (21M), sending some giveaways or something like that. Imagine I send 1000 PIG, 21M appear there and then 21-1k are returned to me.

Original code (before we changed to reducing block rewards and then to 0 block rewards at block 62500 more recently):

Code:

  {
      int64 nSubsidy = 4000 * COIN;

        if ( nHeight == 2 )

         {
          nSubsidy = 21000000 * COIN;
         }
     
     return nSubsidy + nFees;
  }

EDIT: Seems like notsoshifty was quicker

Thanks for that.
I'm just trying to asses my risk and making sure the coin is sound before i go and invest more into it.

So undervalued this coin right now!

piggycoin

hero member

Activity: 658

Merit: 500

Quote from: novaboy2k on May 27, 2014, 10:53:45 AM

Just taking a really close look at the block explorer...

Found some huge payouts from single blocks?

Take a look... Can you explain? The coins look like they have never moved out of there wallets. Total coins so far is around 231,000,000.

Block - 1042 http://piggycha.in/block/da8785fe82f6139d733bd2f9bba2a3ac1f00bd6ccdf539481d6bbcc52e1c78a7
Block - 1045 http://piggycha.in/block/ce03c6e056322bfd8c8cd7b17061787050cdbfc7ca619a922297a9a2886de673
Block - 1046 http://piggycha.in/block/4754ef4687173325a53ae2a2db94717800c96708b2285b602c09369e8dd6c664
Block - 1047 http://piggycha.in/block/d76532a55ba08115f6923559cff3d706430460ff4922ed6364d9a248fa5bc342
Block - 1050 http://piggycha.in/block/926603ecbc910b557a696bedde3d3f29cb9d452347ef2107a1780e96874adbd8
Block - 1107 http://piggycha.in/block/cb5a74404feda32e415fb3902bf702560a7ddaedc1587587a072f8af91979224

There are many more large payouts, totaling way more pigs that exist in the 1st place?

This is normal, this is probably the premine address me (21M), sending some giveaways or something like that. Imagine I send 1000 PIG, 21M appear there and then 21-1k are returned to me.

Original code (before we changed to reducing block rewards and then to 0 block rewards at block 62500 more recently):

Code:

  {
      int64 nSubsidy = 4000 * COIN;

        if ( nHeight == 2 )

         {
          nSubsidy = 21000000 * COIN;
         }
     
     return nSubsidy + nFees;
  }

EDIT: Seems like notsoshifty was quicker

novaboy2k

sr. member

Activity: 294

Merit: 250

Quote from: notsoshifty on May 27, 2014, 11:24:03 AM

Quote from: novaboy2k on May 27, 2014, 10:53:45 AM

Just taking a really close look at the block explorer...

...
There are many more large payouts, totaling way more pigs that exist in the 1st place?

The coinbase transactions in each of those blocks, i.e. the newly generated coins, are correct at 4000.

The large values out have equally large values in, and are normal. The total value out is shown in the block explorer, but the total value in isn't. If you look in more detail at the individual transactions you can see it's just small amounts of PIG being sent from an address with a lot of funds; and the client sends the remainder to another fresh address.

Ah right. Fair enough.

notsoshifty

sr. member

Activity: 378

Merit: 250

Quote from: novaboy2k on May 27, 2014, 10:53:45 AM

Just taking a really close look at the block explorer...

...
There are many more large payouts, totaling way more pigs that exist in the 1st place?

The coinbase transactions in each of those blocks, i.e. the newly generated coins, are correct at 4000.

The large values out have equally large values in, and are normal. The total value out is shown in the block explorer, but the total value in isn't. If you look in more detail at the individual transactions you can see it's just small amounts of PIG being sent from an address with a lot of funds; and the client sends the remainder to another fresh address.

novaboy2k

sr. member

Activity: 294

Merit: 250

Quote from: novaboy2k on May 27, 2014, 10:53:45 AM

Just taking a really close look at the block explorer...

Found some huge payouts from single blocks?

Take a look... Can you explain? The coins look like they have never moved out of there wallets. Total coins so far is around 231,000,000.

Block - 1042 http://piggycha.in/block/da8785fe82f6139d733bd2f9bba2a3ac1f00bd6ccdf539481d6bbcc52e1c78a7
Block - 1045 http://piggycha.in/block/ce03c6e056322bfd8c8cd7b17061787050cdbfc7ca619a922297a9a2886de673
Block - 1046 http://piggycha.in/block/4754ef4687173325a53ae2a2db94717800c96708b2285b602c09369e8dd6c664
Block - 1047 http://piggycha.in/block/d76532a55ba08115f6923559cff3d706430460ff4922ed6364d9a248fa5bc342
Block - 1050 http://piggycha.in/block/926603ecbc910b557a696bedde3d3f29cb9d452347ef2107a1780e96874adbd8
Block - 1107 http://piggycha.in/block/cb5a74404feda32e415fb3902bf702560a7ddaedc1587587a072f8af91979224

There are many more large payouts, totaling way more pigs that exist in the 1st place?

Anyone? Any answers?

novaboy2k

sr. member

Activity: 294

Merit: 250

Just taking a really close look at the block explorer...

Found some huge payouts from single blocks?

Take a look... Can you explain? The coins look like they have never moved out of there wallets. Total coins so far is around 231,000,000.

Block - 1042 http://piggycha.in/block/da8785fe82f6139d733bd2f9bba2a3ac1f00bd6ccdf539481d6bbcc52e1c78a7
Block - 1045 http://piggycha.in/block/ce03c6e056322bfd8c8cd7b17061787050cdbfc7ca619a922297a9a2886de673
Block - 1046 http://piggycha.in/block/4754ef4687173325a53ae2a2db94717800c96708b2285b602c09369e8dd6c664
Block - 1047 http://piggycha.in/block/d76532a55ba08115f6923559cff3d706430460ff4922ed6364d9a248fa5bc342
Block - 1050 http://piggycha.in/block/926603ecbc910b557a696bedde3d3f29cb9d452347ef2107a1780e96874adbd8
Block - 1107 http://piggycha.in/block/cb5a74404feda32e415fb3902bf702560a7ddaedc1587587a072f8af91979224

There are many more large payouts, totaling way more pigs that exist in the 1st place?

LovSan

hero member

Activity: 644

Merit: 500

(●´ω´●) Nil de nihilo fit

Quote from: piggycoin on May 27, 2014, 09:30:15 AM

What do you guys think about a new logo? Should we keep this one or change it?
A buddy of mine made this ones for us

I think current one is more professional. New logos are funny but less attractive.

piggycoin

hero member

Activity: 658

Merit: 500

Quote from: greentea on May 27, 2014, 10:50:04 AM

current logo is better although I'd donate to a bounty if you want to crowdsource one.

PIGGY ticker is better than OINK ...

Seems like the logo is staying then. I'm really not sure about the ticker, everyone on twitter seemed to like OINK more. 2 weeks to decide nevertheless.

greentea

legendary

Activity: 1418

Merit: 1002

current logo is better although I'd donate to a bounty if you want to crowdsource one.

PIGGY ticker is better than OINK ...

ficklepickle

member

Activity: 70

Merit: 10

Holding unto this coin for a few months to see what happens.

Cool

novaboy2k

sr. member

Activity: 294

Merit: 250

Quote from: piggycoin on May 27, 2014, 09:38:48 AM

Quote from: novaboy2k on May 27, 2014, 09:35:31 AM

Hahaha, very funny pics.

These good enough for a logo? i dont know...

A bounty for a logo design is a good idea, maybe get a little promotion from it also.

Do you think a change would be good? That's another thing i'm not entirely sure. We wanna market as the "same" coin, the ticker will have to be changed ofc but for exchange reasons, not sure about logo.

I think the current logo is fine. Pretty representative of what the coin is.

Are you planning on changing anything else?

piggycoin

hero member

Activity: 658

Merit: 500

Quote from: novaboy2k on May 27, 2014, 09:35:31 AM

Hahaha, very funny pics.

These good enough for a logo? i dont know...

A bounty for a logo design is a good idea, maybe get a little promotion from it also.

Do you think a change would be good? That's another thing i'm not entirely sure. We wanna market as the "same" coin, the ticker will have to be changed ofc but for exchange reasons, not sure about logo.

novaboy2k

sr. member

Activity: 294

Merit: 250

Quote from: piggycoin on May 27, 2014, 09:30:15 AM

What do you guys think about a new logo? Should we keep this one or change it?
A buddy of mine made this ones for us

Hahaha, very funny pics.

These good enough for a logo? i dont know...

A bounty for a logo design is a good idea, maybe get a little promotion from it also.

piggycoin

hero member

Activity: 658

Merit: 500

What do you guys think about a new logo? Should we keep this one or change it?
A buddy of mine made this ones for us

piggycoin

hero member

Activity: 658

Merit: 500

Quote from: jimlite on May 26, 2014, 04:28:25 PM

AM I going to have to do anything with the Piggy coins I have on exchanges right now?

You're gonna have to exchange them for the new piggycoins. It will be a really simple process don't worry. We are working with the guys at coinking to get it done

jimlite

legendary

Activity: 1848

Merit: 1018

AM I going to have to do anything with the Piggy coins I have on exchanges right now?

bumblebee101

full member

Activity: 126

Merit: 100

Quote from: piggycoin on May 26, 2014, 10:33:27 AM

Quote from: bumblebee101 on May 26, 2014, 10:24:38 AM

Quote from: notsoshifty on May 24, 2014, 10:02:59 AM

Have to say I'm concerned about a couple of things with this change:

- Three months to mine the first 200 million coins, and one week to mine the last 250 million coins. That seems very unfair to those who mined, or bought, the first 250 million (even if ultimately the total supply is reduced). Why so many in such a short time period?
- How will you prevent a frenzy that results in many more blocks mined in the first few hours than required, like we see in so many launches these days?
- The 1.4 code seems to stop at 271 million, not 250 million, coins (although 15.75 million of those are to be destroyed?)

Hi Devs! You are doing a GREAT job, so thank you! Would you mind addressing the issues raised above? I'm curious too (although I'm not sure of the accuracy of that info). Also, I think PIGGY is better than OINK. It's more consistent. Have a good day!

-That's how the PoS/PoW hybrids have been doing it, we also need to raise the block rewards to raise the number of miners.

-The first blocks will have a null/reduced block rewards.

-This was my bad and I did the math to correct it in the other blockchain I'm coding. The total number of coins will be 500M in the end.

EDIT: twitter wants OINK, you guys here want PIGGY. I will put a vote if this keeps undecided.

Thanks for the quick reply. I suggest you have a look at Pandacoin (PND). They had a very long POW period (compared to most POW/POS coins) which apparently makes for a more fair distribution before switching to POS. Not sure if it will help but it's worth being aware of.

piggycoin

hero member

Activity: 658

Merit: 500

Quote from: bumblebee101 on May 26, 2014, 10:24:38 AM

Quote from: notsoshifty on May 24, 2014, 10:02:59 AM

Have to say I'm concerned about a couple of things with this change:

- Three months to mine the first 200 million coins, and one week to mine the last 250 million coins. That seems very unfair to those who mined, or bought, the first 250 million (even if ultimately the total supply is reduced). Why so many in such a short time period?
- How will you prevent a frenzy that results in many more blocks mined in the first few hours than required, like we see in so many launches these days?
- The 1.4 code seems to stop at 271 million, not 250 million, coins (although 15.75 million of those are to be destroyed?)

Hi Devs! You are doing a GREAT job, so thank you! Would you mind addressing the issues raised above? I'm curious too (although I'm not sure of the accuracy of that info). Also, I think PIGGY is better than OINK. It's more consistent. Have a good day!

-That's how the PoS/PoW hybrids have been doing it, we also need to raise the block rewards to raise the number of miners.

-The first blocks will have a null/reduced block rewards.

-This was my bad and I did the math to correct it in the other blockchain I'm coding. The total number of coins will be 500M in the end.

EDIT: twitter wants OINK, you guys here want PIGGY. I will put a vote if this keeps undecided.

bumblebee101

full member

Activity: 126

Merit: 100

Quote from: notsoshifty on May 24, 2014, 10:02:59 AM

Have to say I'm concerned about a couple of things with this change:

- Three months to mine the first 200 million coins, and one week to mine the last 250 million coins. That seems very unfair to those who mined, or bought, the first 250 million (even if ultimately the total supply is reduced). Why so many in such a short time period?
- How will you prevent a frenzy that results in many more blocks mined in the first few hours than required, like we see in so many launches these days?
- The 1.4 code seems to stop at 271 million, not 250 million, coins (although 15.75 million of those are to be destroyed?)

Hi Devs! You are doing a GREAT job, so thank you! Would you mind addressing the issues raised above? I'm curious too (although I'm not sure of the accuracy of that info). Also, I think PIGGY is better than OINK. It's more consistent. Have a good day!

Topic: [ANN] [PIG] Piggycoin old Thread. - page 2. (Read 104001 times)