Topic: [ANN] SMLY- smileycoin - for rewards in education - page 32. (Read 76995 times)

Looks like we'll need some DOT to win.  Open your pockets, Smilers! 

Thank you!

Just watch your Tedx video  great idea you have got there! Will mine to support your coin

We are still voting: We are in the top 3 and still need your vote!

The C-cex wallet is now up to date and fully synced. Thank you!

Voting is underway at https://www.cryptopia.co.nz/HomeAction/Voting and SMLY is number two.

We have two days to complete the voting.

We need your vote!

cryptopia looks like a nice exchange and they don't seem to have the delisting issues at C-cex. I agree, let's vote for them to accept SMLY!

We've send C-cex a detailed description of how to fix their wallet. Hopefully they will do that.

Thank you, these are all good ideas. We would need more volunteers but it might indeed make a difference :-)

SMLY is a great coin. What about to join forces with other bigger coins, or fresh up with fancy graphics and new style or website? I think this could make a difference...think about it

Looks like SMLY's getting delisted from C-Cex!  I expected this eventually as it's hard to keep up the volume they require, but apparently their SMLY wallet was down for like a month?  So that wouldn't have helped matters.

Let's vote on getting SMLY onto a competent exchange!  https://www.cryptopia.co.nz/HomeAction/Voting

Keep up the good work, dev!

BTW, I found a little error in the newest wallet  https://i.imgur.com/wjRzAbK.png

The Smileycoin Android wallet is now in the Google Play Store. Search for Smileycoin.

Also in the Play Store is a SmileyBubble game, an example of a game where the user can use the SMLY to buy extras.

The Android wallet has now been updated as well.

The main mining pool has an updated wallet and the difficulty revision schedule has been upgraded.

Make sure your wallet is up-to-date!

New wallets have been made available for Linux and Windows.

Please update your wallets.

A new Android wallet will be released shortly.

An alternative to revising the difficulty computations is to implement a simpler change and just recompute every 3 hours instead of 5 days.

Does anyone see a problem with that?

That is just a 1-line change in the code and we can implement that before the next difficulty recalc.

Comments please!

Right, you shouldn't have a billion. If you look at coinplorer - at  https://coinplorer.com/SMLY - then there are a few addresses where people have about 100 million stored, but nothing more than that.

We're now mining block 96285 and except for the first few premine blocks, each has paid 10 000 SMLY so the total mined, in billions, should be 96285*10000/1e9 which gives 0.96285 and this (plus 24) is very close to the number given in coinmarketcap (the difference should just be that coinmarketcap correctly deletes the 10 K SMLY from the first few blocks). I can find the exact formula if needed.

We should be mining half the potential in 7 years, i.e. 12.5/7=1.78 billion per year. We are about 8 months into the first year and don't quite have 1 billion yet. I believe this is due to the occasional spikes in difficulty, which takes so long to get back down again. Hopefully the change proposed above will alleviate this. The student rewards are starting off even slower: The plan was to do the same, i.e. give ca 1.8 billions in rewards per year, but the first large course to use the SMLY only starts in September and we've really just been testing how to adjust the rewards for different achievements. Therefore only about 3 million SMLY have been used in rewards so far, but I'm hoping that will take a bit of a jump already in September. It won't be anywhere close to a billion though.

That's OK  So there are less than a billion non-premine coins out there?  But that can't be, as I have more than a billion. So the coin supply figure on coinmarketcap must be totally off.

EDIT: Sorry, I don't have more than a billion   Not good at counting!

You are absolutely right, this is a bit sloppy. The premine was a little below 25 billion. It is lost somewhere in the thread above, but the formal premine (which you can find in the source code on github) was "only" 24 billion. Then we also did a small in-class experiment (about 1 week of mining which should give 2400 blocks or 24 million SMLY), so the full premine was 24 billion plus a few million mined during the experiment. We really wanted to do the in-class experiment with rewards before launching, just to know whether we were missing something.

I guess I could have counted the exact number, but it felt simpler to just talk about 50% even though it is actually slightly less (more like 48%).

Sorry for the confusion.

OP says:


So, the premine should be 25 billion?

But coinmarketcap http://coinmarketcap.com/currencies/smileycoin/ says:

Available supply: 24,952,850,000 SMLY

So... the premine hasn't finished yet?  Much confuse.

We have a difficulty issue again: One or more miners appear to have mining farms which automatically kick in with all their power when the SMLY difficulty drops and then automatically leave when the difficulty goes back up. This leads to the difficulty constantly bouncing up and down by a factor of 4.

So, in accordance with some of the suggestions above I propose that instead of a re-evaluation every 5 days (2400 blocks) and max-change of 4-fold, we re-evaluate every day (480 blocks) and reduce the max-change to 1.3-fold. This gives almost the same target 5-day behaviour (since 1.3^5=3.7) but is much simpler to apply.

Comments?