Topic: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl | Charity - page 22. (Read 101153 times)

I think we should have a copy and paste statement for the Cryptsy add request so that its easier to submit requests. I think it should be short and to the point so they don't have to read much to get the point. I copy and pasted this from a previous post (with a few additions) and sent it cause I thought it embodied a lot of the excitement around the coin. It could be reworded a bit to make it sound more sensational. Any writers in here?


The best POW/POS coin in existence (using the best, most energy efficient algo in existence)
A truly state-of-the-art, one click mining wallet!
What's looking to be a network that's just as superlative as the coin and the wallet.
One of the best block explorers I've seen.
The most professional and engaged developers I have ever seen

Keep your AidBits for 1 week and start earning interest
10% of every block reward goes to a special charity account.
1 minute block time
Dynamic block reward

That would make for a truly organic grass roots movement. Actually both our ideas combined would anchor aidbit in both the third world and first world sector. Right now most alt coins get pumped and dumped and the developers never get to see their coin make a difference in the world. It would be a hell of a lot harder to cause a dump in AidBit when people buy and then move all their money into their wallet to get the long term interest on it. The more people save the stronger AidBits value the more charitable we can be..the more third world nations we can bring into the digital currency age.

You don't need to have the wallet open.

i haven't mine at p2p pool  , if i need to open my wallet all day?

or only let my wallet address in pool

I really like this idea too. Very interesting. I'm not sure how it would be implemented (but, hey, that's not my job ) but I'm sure it can be done in some shape or form. Maybe not exactly as you have conceived it, but perhaps something simiiar. Great idea for motivating people to think long[er] term!

I also had a 'bright' idea (but I don't remember if I was in the shower or not ), and mine was about the charity side of things. The phrase "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime" came to mind, and I thought, hey, if we could link AidBit charity to information technology, wouldn't that be great? Supporting community centers in underdeveloped areas (1st world, 2nd world, 3rd world, whatever and wherever) with IT infrastructure (computers?) and internet conectivity (and of course, AidBit wallet installs) would be an example that would be incredibly charitable and symbiotic at the same time. It would sure beat giving away paper wallets anyway!

183,33972624 / 287420155200 = 0,000000000637880548468927

nSubsidy *= COIN would be 0,0637880548468927, and that, multiplied by the network hashrate, was getting me close to projecting block rewards consistent with the wallet and BE . . . thought I had a spread sheet that worked - was getting numbers very close anyway *using* the "netmhashps" number as a final variable to multiply by . . . but to no avail - it looks like the netmhashps number is not too reliable . . .

I give up. It's not that big of a deal. As you all have said, there's still plenty of 'polishing' left to do.

I think I remember you saying that the projected reward wasn't completely reliable yet . . .

. . . maybe I need to compare my numbers with actual payouts of the next block found. HUM.


Anyway, that's all fine and dandy, but let's not let this little issue of mine cloud the major success that this coin has already become.

• The best POW/PoS coin in existence (using the best, most energy efficient algo in existence)
• A truly state-of-the-art, one click mining wallet!
• What's looking to be a network that's just as superlative as the coin and the wallet.
• One of the best block explorers I've seen.
• The most professional and engaged developers I have ever seen (and by your location, I think I might have an idea about where that comes from   ).

now that the network is stable, what's next for aidbit?

This is a really simple one:

static const int64_t COIN = 100000000;

And one more thing, your calculation is actually the estimated reward for block 21243. Remeber, we're using reward calculation for the previous block.

nSubsidy = ceil(8 * 22.91746578 / (525600 + 21242) * 525600)

The blockvalue calculation would certainly affect my calculations and could be the reason why I'm having difficulties.

On the other hand, the dDiff shouldn't be a problem for me to figure out since that is the reported diff and something I just extract from the reported data, correct?

Where I'm having a problem is with figuring out how we arrive at the estimated block reward and what value is used to multiply nSubsidy by - the nSubsidy that's derived from nSubsidy = ceil(8 * 22.91746578 / (525600 + 21242) * 525600)

I've got to admit that both of your answers went right over my head.     But that's okay - you always end up learning way more than you ever wanted when you ask questions that are out of your league. I'm studying the code (and I'm not a coder remember) and brushing up on operators and compound assignments, etc., and, well, I've got more to study . . .

. . . but I do have a quick question for now: How is the value for "COIN" derived?

REQUEST:

Please help us get accepted to Cryptsy.
Please submit Support Ticket and say something nice about AidBit.

https://cryptsy.freshdesk.com/support/tickets/new

Thank you!

Yours Sincerely,

AidBit

The difficulty the GetProofOfWorkReward function uses is calculated from nBits using the following function:

Cheers,

V.

According to the money supply growth over these last 72 hours, daily, 24 hour average rewards come to 235,223 AidBit. This translates into 9,801 AidBit per hour, and an average payout of 163.35 AidBit per block. After taking into account the 10% charity contribution, the 3% to developers, and the 1% pool fee, the 'take home' rewards for miners would be roughly the following: 202,291 daily, 8,429 hourly, and an average of 140.48 per block.

Using these numbers, it's possible to calculate an average network hashrate of just under 1.35 GH/s (for the past 24 hours ending at approximately 7:15 UTC today), and an average daily net payout ("take home") of just under 1,500 AidBit per 10 MH/s of hash power.

According to sgminer data, we're seeing just under 57 blocks found per hour, or 1,359 daily, with an average diff of 28.859 (63 max., 12 min., and 28 mean). Using the formula given on the OP, that would translate into, well, I still don't know exactly what - I'm not able to come up with anything close to what the real time numbers are. 

The block explorer data confirms the sgminer blocks found numbers, but generates an average diff of 25.4 (since sgminer always rounds to the next highest integer, that's probably the explanation for the difference).

My problem is that I'm still not able to get these numbers to match with the ceil(8 * dDiff / (525600 + nHeight) * 525600) formula on the OP, which using the sgminer and BE diffs would give us average total rewards of .0000000008 and .0000000007, respectively (as of block 21161). If we take those numbers and multiply them by the subsidy that we get using "getsubsidy" in the console, we get 20 and 17.5, respectively. If we multiply by absolute network hashrate numbers, we get even smaller numbers. I can't get close to "blockvalue" either. 

230.872 / 287,377,581,600 = .0000000008

203.2 / 287,377,581,600 = .0000000007

I'm still at a loss trying to get the numbers to "balance out" and I'm sure that's it's my lack of understanding a complicated formula that takes time and effort to explain, time and effort not necessarily available or well spent at the moment, and, as such, I do not expect any immediate response to this - just posting my "Rubik's Cube" ponderings. 

A recent  "getmininginfo" snapshot leaves me with the same quandary.
{
"blocks" : 21242,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 22.91746578,
"proof-of-stake" : 10.10269522,
"search-interval" : 0
},
"blockvalue" : 17700000000,
"netmhashps" : 2008.77073548,
"netstakeweight" : 592733.68530821,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"stakeinterest" : 20000000,
"testnet" : false
}

(8 * 22.91746578 / (525600 + 21242) * 525600)

183.33972624 / (546842 * 525600)

183.33972624 / 287420155200 = .00000000063

What do we multiply the .00000000063 number by to get a block reward of 177?

280952380952 * .00000000063 = 176.99999999
Where does that 280952380952 number come from. 

Just having fun and doing my best to understand, but this is not mission critical and requires no immediate attention.   


Again, great work you guys!

OFFICIAL STATEMENT:

AidBit Dev Team is proud to announce that we’ve managed to fix all our our forking and synchronization issues.

When we were designing AidBit, we wanted to create something different, something new and something better and not just a copy of a proven recipe. We had an extensive two months testing period, but just couldn’t predict everything and test every possible combination. Unfortunately, block reward calculation algorithm started causing forks on our pool servers, as soon as POS blocks appeared. POS blocks also crippled POW network by rising the POW difficulty sky high.

We reacted in minutes and started diagnosing the problem. We tried to address the issues from multiple directions and in the process extended POS Target Spacing from 1 minute to 10 minutes and implemented various optimizations. At the end we decided to modify the block reward algorithm to calculate block reward based on previous block's height and difficulty, regardless whether previous block was a POW or POS block. This way we introduced special “After-POS blocks”, which are calculated using POS difficulty. In the long run, this can help create scarcity and prevent multi-pools and pool-hopper from taking advantage of current high hashrates.

We would like to apologize for all problems caused and thank the community for being so understanding. We would also like to request the community to try to stay as polite as possible to other coins communities, even if they’re spreading lies and attacking us. Let’s prove ourselves by our actions and not by others' mistakes.

Sincerely,

AidBit Team

    High performance Node.js backend
    Coin Maturity: 500 blocks
    Min Payout: 10 AID
     Low Fees: 1%

http://maya.aidbit.net/
http://felix.aidbit.net/
http://kei.aidbit.net:8888/

is there a fee associated with the official pools?

Hard work without the vision wouldn't be very productive!

if success comes through hard work, then aidbit should be a success.

hi

thanks to aidbit team for her work  and special thanks to vger