Topic: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl | Charity - page 41. (Read 101130 times)
July 24, 2014, 06:06:45 PM
How close is AidBit to getting on exchange?
July 24, 2014, 04:23:57 PM
The initial reward is diff * 8 and decreasing with every block found. Actually it isn't linear so the reward won't halve every year but be 8 * diff / number_of_years_passed.
Thanks for the help. I think I'm getting closer to a working understanding.
Looking forward to it.
Thank you.
July 24, 2014, 01:36:41 PM
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
July 24, 2014, 12:43:38 PM
Hello!
I also added my groestl rig to MRR.
Speed: AVG=37+ Mh/s but pay for just 35MH/s!. Price: 0.014 BTC/day.
http://rentrig.co/rigs/6381
I also added my groestl rig to MRR.
Speed: AVG=37+ Mh/s but pay for just 35MH/s!. Price: 0.014 BTC/day.
http://rentrig.co/rigs/6381
Bonus time to every renter who rents more than 1 day!
On every 24 hours rent, you get 1 hour extra time!
On every 48 hours rent, you get 2 hour extra time!
On every 72 hours rent, you get 5 hour extra time!
On every 168 hours rent, you get 8 hour extra time!
Take advantage of it
2 miners already did! July 24, 2014, 06:57:42 AM
Those rudimentary calculations of mine are all nice and fun, but I do want to understand the offical calculation. !! 
The initial reward is diff * 8 and decreasing with every block found. Actually it isn't linear so the reward won't halve every year but be 8 * diff / number_of_years_passed. July 24, 2014, 05:47:55 AM
Difficulty based block reward according to: ceil(8 * dDiff / (525600 + nHeight) * 525600)
Would it be possible to get you to explain this in more detail?
ceil = ?
dDiff = diff?
525,600 = minutes in a year
nHeight = block count?
I'm not a coder. Sorry,
TIA
--------------------------------------------
Playing around I came up with this simple calculation:
8 * diff / network hashrate * 1 MH/s * .9 = payout
The reward seems to hold fairly constant regardless of the network hashrate - that is to say as the network hashrate and difficulty increase, the reward also increases to match.
Those rudimentary calculations of mine are all nice and fun, but I do want to understand the offical calculation. !!
July 24, 2014, 05:26:08 AM
July 24, 2014, 05:14:59 AM
need exchange
July 24, 2014, 01:13:05 AM
Hi guys!
I just added a 230+ MH/s groestl rig to miningrentals only for 60mBTC/day (0.261mBTC/MHASH/day). https://www.miningrigrentals.com/rigs/6284/. It is less than your gpus power cost.
I just added a 230+ MH/s groestl rig to miningrentals only for 60mBTC/day (0.261mBTC/MHASH/day). https://www.miningrigrentals.com/rigs/6284/. It is less than your gpus power cost.
Rig upgraded to 350+MH/s and just 91.35mBTC/day. It is the time to rent and mine AIDBIT!
July 23, 2014, 11:24:47 PM
everybody's got aids aids aids aids...lol
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
That's the size of the bitcoin blockchain, the litecoin blockchain is around 3.7GB.
Either way, multibit and electrum already does exactly what you described for bitcoin.
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?
July 23, 2014, 10:35:49 PM
REQUEST:
Sorry, for repost.
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
Thank's for the idea. Done.
July 23, 2014, 09:27:27 PM
REQUEST:
Sorry, for repost.
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
July 23, 2014, 08:24:57 PM
actually this may be better than my idea. https://bitcointalksearch.org/topic/really-really-ultimate-blockchain-compression-coinwitness-277389
July 23, 2014, 07:36:45 PM
everybody's got aids aids aids aids...lol
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
That's the size of the bitcoin blockchain, the litecoin blockchain is around 3.7GB.
Either way, multibit and electrum already does exactly what you described for bitcoin.
July 23, 2014, 05:12:41 PM
everybody's got aids aids aids aids...lol
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
now onto something more serious. I was thinking about doing a kick starter for something that would be exclusive for Aidbit. I'm not even sure if it would be possible but after a conversation I had with a friend about how much hard drive space the litecoin blockchain uses (20gb) it got me thinking about ways to make the blockchain smaller without disrupting the content. I do have an idea on how it might be possible to do this in theory but would love to see it developed into the aidbit blockchain.
July 23, 2014, 03:17:46 PM
NEWS:
3 official and 5 third-party pools already operational.
Thank you,
AidBit
July 23, 2014, 11:42:10 AM
On the OP,it says:
10% of every block reward will go to a special charity account.
3% of each block reward goes to developers.
@Dev could you plz tell us what exactly the address of the special charity account and your Dev address are??
We don't want to see crazy dump from these 2 addresses when Aidbit on exchange
10% of every block reward will go to a special charity account.
3% of each block reward goes to developers.
@Dev could you plz tell us what exactly the address of the special charity account and your Dev address are??
We don't want to see crazy dump from these 2 addresses when Aidbit on exchange
Public charity account's address is already posted on our web page, together with live account ballance. www.aidbit.net/humanitarian-aid. More detailed and more transparent method is being worked on.
Charity address: ANhmhMCxJZkV7M5nmBMaXZWVfRuba79B3m
Dev address: AVBLFaezaUM83odu4x3Rr8dQ8vHVFHEddC
Actually you can find both in the block explorer, since percantage of every block found goes there.
AidBit
I've checked these 2 addresses ,yes ,it's right ,10% and 3%(around 80k AIDs) of moneysupply ,and no sending records up to now.
July 23, 2014, 11:38:09 AM
This coin reminds me MIN,esp,its distribution method,easy and fair(for early and later participant).
it would be better if Dev can enhance the transparency of premined and charity money flow.
it would be better if Dev can enhance the transparency of premined and charity money flow.
Of course. This is on our top priority list.
Thank you,
AidBit
July 23, 2014, 11:35:08 AM
July 23, 2014, 11:25:51 AM
This coin reminds me MIN,esp,its distribution method,easy and fair(for early and later participant).
it would be better if Dev can enhance the transparency of premined and charity money flow.
it would be better if Dev can enhance the transparency of premined and charity money flow.
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