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Topic: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl | Charity - page 40. (Read 101130 times)

full member
Activity: 129
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AidBit - Technical Support
Difficulty based block reward according to: ceil(8 * dDiff / (525600 + nHeight) * 525600)
Block reward scaling factor on 12 month periods

I can only get close with this:    8 * dDiff / ((525600 + nHeight) / 525600)

Which looks wrong since that would be an increasing subsidy into a complete double by day 356 (and forget what multiplication instead of division gets you!).

8 * dDiff / ((525600 - nHeight) / 525600) would be a decreasing subsidy and gets me closer, for now, but that would take us to a complete 0 subsidy by day 365.  Cheesy

I'm sure I'm missing something here and really showing my ignorance.  Huh

nHeight is block height or block number. 1 year = ~525600 blocks

So lets calculate the reward for dDiff = 1 and block 525600 (~365th day)

8 * 1 / ((525600 + 525600) / 526500) = 8 * 1 / (1051200 / 525600) = 8 * 1 / 2 = 4
 

full member
Activity: 154
Merit: 100
Here is the whitepaper on cryptonote and ring signatures.

https://cryptonote.org/whitepaper.pdf

Thanks, we'll check it out.

AidBit
full member
Activity: 154
Merit: 100


NEWS:

Updated AidBit Wallet v1.0.0.3 available.

Fixes: Added checkpoint and stake modifier checkpoint.

If you're updating from Linux source, please check the version number with ./aidbitd getinfo.

Thank you!

AidBit
sr. member
Activity: 252
Merit: 250
Here is the whitepaper on cryptonote and ring signatures.

https://cryptonote.org/whitepaper.pdf
sr. member
Activity: 252
Merit: 250
Would ring signatures work with the groestl algorithm?
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
Difficulty based block reward according to: ceil(8 * dDiff / (525600 + nHeight) * 525600)
Block reward scaling factor on 12 month periods

I can only get close with this:    8 * dDiff / ((525600 + nHeight) / 525600)

Which looks wrong since that would be an increasing subsidy into a complete double by day 356 (and forget what multiplication instead of division gets you!).

8 * dDiff / ((525600 - nHeight) / 525600) would be a decreasing subsidy and gets me closer, for now, but that would take us to a complete 0 subsidy by day 365.  Cheesy

I'm sure I'm missing something here and really showing my ignorance.  Huh
newbie
Activity: 11
Merit: 0

What happen with my wallet....i mining aid coin abot sex days and wallet works good....


http://www.dodaj.rs/t/2Z/qU/4CvKtRYe/screenshot2014-07-25-17-.jpg
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity


I've got an open ticket with Cryptsy that's been open for 7 hours . . . which is a good sign since it wasn't automatically closed.


Everyone's got to open a ticket. To use a much overused and abused phrase of late: Spread The Word!

member
Activity: 107
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full member
Activity: 154
Merit: 100
Personally I think it would be easier to get it added to https://moolah.io/login being that its a newer exchange and hasn't been flooded with as many alts as these other exchanges yet. Moolah.io was the exchange that helped dogecoin sponsor their nascar.

Well, I am positive it would be easier, but in line with our main idea of simplicity, Cryptsy and their US$ market would really make things easier for the user and also for our humanitarian operations, which need as much transparency as possible.

AidBit
sr. member
Activity: 252
Merit: 250
Personally I think it would be easier to get it added to https://moolah.io/login being that its a newer exchange and hasn't been flooded with as many alts as these other exchanges yet. Moolah.io was the exchange that helped dogecoin sponsor their nascar.
sr. member
Activity: 826
Merit: 250
Thanks, Wallet ready to minting !
full member
Activity: 154
Merit: 100


NEWS:

Approaching a new milestone: One week after launch.

POS-system should also activate in the next 24 hours. Please unlock your wallets for minting.

Thank you for your trust!

AidBit
full member
Activity: 154
Merit: 100
1 ticket for aidbit. Go go, to the moon  Grin

To the whole world first would be good enough for starters! Wink
newbie
Activity: 6
Merit: 0
1 ticket for aidbit. Go go, to the moon  Grin
full member
Activity: 154
Merit: 100


NEWS:

As requested, Web Page now includes a Statistics Section (Tools/Statistics)
with Live Network Difficulty Chart.

www.aidbit.net/statistics

More charts will follow soon.

Thank you!

AidBit
wow,cool~ Smiley
Needs a good exchange! Grin Grin Grin

Agreed. We're aiming for Cryptsy, so please submit a ticket with a new coin request:
https://cryptsy.freshdesk.com/support/tickets/new

Thank you,

AidBit
full member
Activity: 129
Merit: 100
AidBit - Technical Support
I created an aidbit subreddit with links to this thread and your webpage and such. Got 3 members so far but looking forward to the influx after cryptsy. http://www.reddit.com/r/AidBit

Thanks! Subreddit link added to Social Networks.
member
Activity: 61
Merit: 10


NEWS:

As requested, Web Page now includes a Statistics Section (Tools/Statistics)
with Live Network Difficulty Chart.

www.aidbit.net/statistics

More charts will follow soon.

Thank you!

AidBit
wow,cool~ Smiley
Needs a good exchange! Grin Grin Grin

sr. member
Activity: 252
Merit: 250
Actually, we had some pretty interesting ideas regarding the blockchain but we mostly agreed that we need to improve the wallet in areas that really affect the user experience. I don't find the sheer size problematic, but would like that we concentrate on shortening the initial load time. And usually the simplest ideas are the best. So I would like to see some sort of optimized blockchain P2P preloader that would make the initial download in under 2 minutes. What do you think?

After some research I'm finding that holographic hard drives are just around the corner so block chain size might not matter so much at least in the short term. So there's time. Basically the idea I was thinking about was making the block chain holographic but if hard drives are holographic then it would be way easier ; )
full member
Activity: 148
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