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Topic: [ANN] [YC] YellowCoin ★★Pure POS★★ Let's color the MOON !!!1.0.0.3 Updated - page 106. (Read 186669 times)

full member
Activity: 714
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full member
Activity: 154
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Okay - so I still have no PoS coins, only two PoS transactions that were not accepted by the network. I couldn't find out anything about this particular coin, but from BlackCoin's FAQ, I found this:



I’ve kept my wallet open for days and still no stake.

This could happen, PoS kinda works like a lottery and not everyone will receive their interest every 8 hours. You WILL receive your 1% on a yearly basis, it just may take a little while.




Can anyone explain this aspect of PoS to me?
newbie
Activity: 3
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full member
Activity: 154
Merit: 100
7 days POW , how many days left to mine?? i have mined for 3 days  , and the mining speed is so slow!

Yeah, the difficulty shot up real fast. I'm surprised how popular this coin was at launch. It must have something to do with limited mining period combined with the limited 10% stake earnings. But we'll see what happens after block 30241, when mining is done. I am a little unclear on how transactions will be confirmed with no one mining. Are people really going to mine just for transaction fees?

In any case, to answer your question, if the block time re-targeting works out right, regular mining should end somewhere around noon (GMT) on 4/29.
hero member
Activity: 910
Merit: 500
7 days POW , how many days left to mine?? i have mined for 3 days  , and the mining speed is so slow!
member
Activity: 77
Merit: 10
yay working mac wallet, mining for this last little bit.
full member
Activity: 154
Merit: 100
...

To get the exact number, I need to know how long the average payment interval is.

C = total number of coins
n = number of years

If it pays only once a year, we have

C = 280,113,810 x 1.0365 ^ n

If it pays once a day, we have

C = 280,113,810 x 1.0001 ^ (n * 365)


Compounding daily.  Min stake age is 1 day, max is 1000.

But this still give us 70 years, for 1,000,000,000 coins, so we will be down from 100years to 70 years. When i'm a investor, then the first thing that i do is check the max coins, then check the outstanding coins, and then i will start doing my calculations what i believe would be a good buying point, but if you see 1,000,000,000 then you already are saying, oeps, this is max 50 sats per coin, but when i would see 300,000,000 then i will say, dammit it is only trading at 200sats, i will buy it.



Well, if the maximum stake days is 1000, that complicates things considerably. If there were no maximum, and if a stake were paid every day on every outstanding coin, it would be a little less than 40 years to reach 1,000,000,000, with compounding. Any any case, what's the big deal? Bitcoin won't reach it's target for more than hundred years, and no one could say that early buyers of bitcoin were making a bad investment.
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Hi folks, we will be on Mintpal in days if we all vote or pay for YC, Let's color the Mintpal: https://www.mintpal.com/voting
member
Activity: 98
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hi yc
whats your project, whats your plan,
 why will i continue to buy and support yc?
if your strategy is only sell your premine, so its a dead coin . you need a real and strong strategy but you asked nothing about that.
im not kinding you dudes, i have some yc too.
why will people invest in yc, you seems to have 0 strategy, but i can, be wrong, if your only strategy is to sell your 5millions coins, so this one is born-dead..

Hi, we are working on the multipool now.  And we have "To Do List" since day ONE.

Launch a multipool;
Set up a YC trading platform where you can exchange real things with others by spending YC;
Make our games and other apps support YC. Our dev team do not only release altcoins but also develop games, apps, software and other projects. You will be able to spend YC in our apps and other platforms in future;
Donate part of our profits to charity;
Develop YC paper wallet;
Release YC real coin.
member
Activity: 98
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hay
sr. member
Activity: 392
Merit: 250
...

To get the exact number, I need to know how long the average payment interval is.

C = total number of coins
n = number of years

If it pays only once a year, we have

C = 280,113,810 x 1.0365 ^ n

If it pays once a day, we have

C = 280,113,810 x 1.0001 ^ (n * 365)


Compounding daily.  Min stake age is 1 day, max is 1000.

But this still give us 70 years, for 1,000,000,000 coins, so we will be down from 100years to 70 years. When i'm a investor, then the first thing that i do is check the max coins, then check the outstanding coins, and then i will start doing my calculations what i believe would be a good buying point, but if you see 1,000,000,000 then you already are saying, oeps, this is max 50 sats per coin, but when i would see 300,000,000 then i will say, dammit it is only trading at 200sats, i will buy it.


I also thought so at first,,then a read third time and bought after  Grin bagholder after year,maybe..
buy nodles for dev. team     胃口好
                                           胃口好
but if its origin from china   ,, its billion + people    sooo..  should be 10 bil.  Smiley  

Block Day 1 (POW+POS): Blocks 1-4320 - 1000 YC/block + POS 3.65% Annually    4.320.000YC+POS 3.65% Annually

Block Day 2-7 (POW+POS): Blocks 4321-30240 - 4,000 YC/block + POS 3.65% Annually  10.376.600YC+POS 3.65% Annually

Block Day 8-17 (POS): Nominal Stake Interest: 10% Daily     14.687.600(+  -)ONLY MINED in POw???---30.000.000  something after 9 days  0f  10% Daily Stake Interest:

Block Day 18- (POS): Nominal Stake Interest: 3.65% Annually      999,000,000YC  right before end of the world

So we should re-name the coin to "countdown" coin and have burning world as our logo Wink
sr. member
Activity: 336
Merit: 250
...

To get the exact number, I need to know how long the average payment interval is.

C = total number of coins
n = number of years

If it pays only once a year, we have

C = 280,113,810 x 1.0365 ^ n

If it pays once a day, we have

C = 280,113,810 x 1.0001 ^ (n * 365)


Compounding daily.  Min stake age is 1 day, max is 1000.

But this still give us 70 years, for 1,000,000,000 coins, so we will be down from 100years to 70 years. When i'm a investor, then the first thing that i do is check the max coins, then check the outstanding coins, and then i will start doing my calculations what i believe would be a good buying point, but if you see 1,000,000,000 then you already are saying, oeps, this is max 50 sats per coin, but when i would see 300,000,000 then i will say, dammit it is only trading at 200sats, i will buy it.


I also thought so at first,,then a read third time and bought after  Grin bagholder after year,maybe..
buy nodles for dev. team     胃口好
                                           胃口好
but if its origin from china   ,, its billion + people    sooo..  should be 10 bil.  Smiley  

Block Day 1 (POW+POS): Blocks 1-4320 - 1000 YC/block + POS 3.65% Annually    4.320.000YC+POS 3.65% Annually

Block Day 2-7 (POW+POS): Blocks 4321-30240 - 4,000 YC/block + POS 3.65% Annually  10.376.600YC+POS 3.65% Annually

Block Day 8-17 (POS): Nominal Stake Interest: 10% Daily     14.687.600(+  -)ONLY MINED in POw???---30.000.000  something after 9 days  0f  10% Daily Stake Interest:

Block Day 18- (POS): Nominal Stake Interest: 3.65% Annually      999,000,000YC  right before end of the world
legendary
Activity: 1120
Merit: 1000
...

To get the exact number, I need to know how long the average payment interval is.

C = total number of coins
n = number of years

If it pays only once a year, we have

C = 280,113,810 x 1.0365 ^ n

If it pays once a day, we have

C = 280,113,810 x 1.0001 ^ (n * 365)


Compounding daily.  Min stake age is 1 day, max is 1000.

But this still give us 70 years, for 1,000,000,000 coins, so we will be down from 100years to 70 years. When i'm a investor, then the first thing that i do is check the max coins, then check the outstanding coins, and then i will start doing my calculations what i believe would be a good buying point, but if you see 1,000,000,000 then you already are saying, oeps, this is max 50 sats per coin, but when i would see 300,000,000 then i will say, dammit it is only trading at 200sats, i will buy it.

sr. member
Activity: 392
Merit: 250
I have problems with Proof of Stake. Not all incomes are correct and accepted by the network.

What is this?

Send me your coins and I'll take a look at them to see what's wrong....

 Cheesy Cheesy Cheesy

I have problems with Proof of Stake. Not all incomes are correct and accepted by the network.
you mean,, something like this...sorry for the  king size picture


You either have orphans or your wallet is locked.  You cannot mint with a locked wallet.  Notice the message on the bottom left of your pic.  Unlock your wallet so it can mint properly.
Notice the date
 Wink Cheesy  it was unlocked on 5.3.2014       picture is from 25.4.2014-today  Grin          
And it was Mint...
sr. member
Activity: 336
Merit: 250
I have problems with Proof of Stake. Not all incomes are correct and accepted by the network.

What is this?

Send me your coins and I'll take a look at them to see what's wrong....

 Cheesy Cheesy Cheesy

I have problems with Proof of Stake. Not all incomes are correct and accepted by the network.
you mean,, something like this...sorry for the  king size picture



You either have orphans or your wallet is locked.  You cannot mint with a locked wallet.  Notice the message on the bottom left of your pic.  Unlock your wallet so it can mint properly.
Notice the date
 Wink Cheesy  it was unlocked on 5.3.2014       picture is from 25.4.2014-today  Grin         
hero member
Activity: 601
Merit: 500
Wondering i bought coins on the exchange, when i put it in my wallet will i earn 10%?

yes on Days 8-17 (POS): Nominal Stake Interest: 10% Daily

1000   4320   4320000
25919   4000   103676000
      
Total      107996000
Day 8      118795600
Day 9      130675160
Day 10   143742676
Day 11   158116943,6
Day 12   173928638
Day 13   191321501,8
Day 14   210453651,9
Day 15   231499017,1
Day 16   254648918,8
Day 17   280113810,7


They are saying Total of coins: 1,000,000,000

Now after 17 days we have 280,113,810 coins and 3.65% yearly

Sorry, but how many years do we need to wait to reach 1,000,000,000 coins? I just did the calculation 100 years before we reach 1,000,000,000. This is ridicules. I would suggest to the owner of this coin to put REAL numbers in it. If investors see, WHAT!!! 1,000,000,000 coins then they will say this price looks high, but when you dan check, what a minute. After 10 years we still only have 400,000,000 coins, so this price is cheap, very cheap.


I don't think you are taking the effect of compounding into your equations. After the minted coins mature, you earn interest on them, as well. I don't know what the interval is for earnings. But if they are paid once a day, then after 100 years there would be more than 10 billion coins.

But they pay 3.65% yearly, so when we have 280,113,810 coins after day 17, then we will have on day 382 280,113,810 * 1.0365, no?

Compounding effect means, that you get interest to your just created coins.
Ideally, if your wallet is permanently open, you can get a daily interest of 0.0365/365 =0.01%. With compounding it is 1.0001^365 = 1.03717 annually (= 3.717%).
sr. member
Activity: 392
Merit: 250
...

To get the exact number, I need to know how long the average payment interval is.

C = total number of coins
n = number of years

If it pays only once a year, we have

C = 280,113,810 x 1.0365 ^ n

If it pays once a day, we have

C = 280,113,810 x 1.0001 ^ (n * 365)


Compounding daily.  Min stake age is 1 day, max is 1000.
hero member
Activity: 504
Merit: 500
You dont really think that everybody keeps them unlocked in wallets?

Even if you can mint with it many peolple have them for trading reasons in exchanges and some will kepp them on paper wallets.

I think about half of the coins maximum will be permanently online

greets

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